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<br />Jacket shall retain a purchase money security interest in all stockpiled material to secure the <br />performance of Corn's obligations under this Lease. Until default and failure to cure such <br />default as provided in Paragraph 11, below, ,Corn shall be entitled to sell or otherwise <br />dispose of material in the stockpiles as inventory in the ordinary course of its business, free <br />of such security interest. The parties intend that this Lease Agreement will constitute a <br />security agreement within the purview of Sections 4-9-101 et seq., C.R.S. After default, and <br />after failure of Corn to cure the default as set forth in Paragraph 11, below, Yellow Jacket <br />shall be entitled enforce its security interest, in the manner provided in Sections 4-9-101 et <br />seq., C.R.S. <br />6. Corn or its subcontractors shall be permitted to operate in the pit seven (7) days per <br />week, and shall be permitted to use a two shift operation. <br />7. Yellow Jacket warrants title to the Property and in the sand and gravel located on the <br />Property. Yellow Jacket agrees to indemnify and defend Corn from any adverse claims whatsoever <br />provided that the liability shall be limited to the amount of the royalty paid. Yellow Jacket shall pay <br />all real property taxes and special assessments relating to the Property during the term of this Lease. <br />Corn shall pay all personal property taxes and inventory taxes which may be imposed or incurred <br />during the term of this Lease relating to its operations on the Property under this Lease, and all <br />severance or similar taxes relating to the extraction of sand and gravel from the Property by Corn <br />during the term of this Lease. <br />8. Corn shalt leave its crushing and processing site in a neat orderly condition. <br />D:V+~LUI~CORMCARROlYlEA 5 fhumbcr 5, 1996 <br />