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till- 'Ð1:):)\Q("' S ""'4.'r'r...t\\\~ 1. Financing Statement. E~cept fOf th.Jt in favO( of Secured Par1Y. 00 financing statement covering the: col;¡¡er;¡J is filed in any public office. - 2. Ownef'hip. Debtor 0'" ns the coll;¡tcr;¡! and h¡¡S the: ;¡uthority to grJJ1t this ~curity interest. Owoc:r>hip is free from any setoff, claim. restriction. lien. s.ecurity interest. or eocumbrJJ1ce e~cep( this ~uri[y interesnnd liens for lHes not yet due:. 3. Fi~tures and Accessions. Non< of the collater;¡l is affi;¡;ed to rea..! estate, is JJ1 accession to ôII1y g0cd5. is commingled with ot~r &oods. or will become a fi~ture. accession. 0( part of a product or mass with other goods exccp< as expressly provided in this ¡¡greement. 4. Financial Statements. All information about Deb\or's financial condition provided to S~ured Parry was acCUr3te wh<:n submitted. ¡¡S will be any information subsequently provided. D-cbtoC"s Covenants 1. Protection of Coll:1tcral. Debtor will defend the collateral against all claims and demands advcrs.: [0 Secured Parry's intc:n:st in it and will kc:ep it free from all liens except those for taxes not yet due and from all s.ecurity interests except this 00<:. The collateral will n:main in Dc:btor's posse:ssion or control at all times, except as otherwise: provided in this agreement. 0.: btor will maintain the collateral in good condition 3J'\d protect it against misuse, abuse:, waste, wd deterior3tÎon except for ordinary wear and tear resulting from its intended use:. 2. Insurance. Debtor will insure the collateral in accord with Secured Party's reasonable requirementS regarding choice of carrier. casualties insured against. and amount of coverage. Policies will be written in favor of Debtor and Secured Parry according to their respective interests or according to Secured Party's other requirements. All policies will provide that S<:cured Party will receive at Ic:ast ten days' notice before cancellation. and the policies or certificates evid.:ocing them will Ix provided to Secured Party when issued. Debtor assumes all risk of loss and damage to the collateral to the extent of ôII1y ckficiency in insurance co~'erage. Dc:btor ilTevocably appoints Secured Party as attomcy-in-fact to colkct wy return. u~~d pn=miums. and proceeds of any insurance on the collateral and to endors.<: wy draft or cheel:. ckriving from the: policies and made payable: to Debtor. 3. Secured Party's Costs. Debtor will pay all expense:s incurred by Secured parry in obtaining, pres.erving, ¡):rfC"ding. defending. and enforcing this s.ecurity interest or the collateral a.nd in collecting or enforcing t~ note. Expc:nse:s for which Debtor is liable: include. but arc not limited to, ta;¡;es. asse:ssments. reasonable: anorney's fees, 3J'\d oth<:r 1c:g;¡J eÃpense:s. Thc:~ e;c.penses will bear interest from the da¡es of payments at the highest rate stated in notes that arc: part of the: obligation. 3.I1d Debtor will pay Secured Party this interest on demand at a time and place reasonably specified by Secured Party. The~ e;¡;penses and interest will be part of the obligation 3J'\d will be recoverable: as such in all respects. 4. Additional Docum<:nts. Dc:btor will sign any papc:~ that Secured Party conside~ necessary to obuin. maintain. and perfect this security interc:st or to comply with any relevant law. 5. Sotice of Changes. Dc:btor will imm<:diatc:ly notify Secured Party of any material change in the: collateral; change in Debtor's nam<:. address. or location: change in wy marter warranted or repres.ented in this agrc:emen~ change that may affect this security interest; and any event of default. 6. Use and Removal of Collatel4.l. Debtor will use: the coliaterq.1 primarily according to the: SUtc::d classifica.tioo unle$S $<:cured Party consents otherwis.e in writing. Dc:b<0( will not pc:rmit the collateral to Ix affixed to wy rc:.al estate:. to bc:x:ome an accession to any goods. to be commingic:d with other goods. 0( to become a fi;¡;tUre, acce$Sion. Of part of a product or mas.s with other goods except as e;¡;pressly provided in this a~ment. 7. Sale:. Debtor ...ill not sdl. tr311sfer, or encumlxr any of the collateral without the: prior WTÏt1en cons.c:nt of Secud Party. Rights and Remedie5 or Secured Party 1. Generally. Secut1:'Ci Party may exercise the following rights and remedies either before or after ckf~ult: a. take control of wy proc~ds of the: collateral; b. releas.e any collateral in ~cured Party's posse:ssion to any debtor, temporarily or ot.hc:rwise:: c. take control of 3J'\y funds generated by the collateral. such as refunds from and proce::ds of inSun.I1~. 4.I'.d ~uçe any part of the obligation accordingly 0( pennix Dc:btOf to u~ such funds to repair Q(" replaç.c:: damagc::d or destroyed collatern covered by insur;¡.no:; and d- demand. coHea. convert.. redeem. se:nle. compromis.e. reccip< for. r=1iz.c: 00., sue: for. and adjust the: coll~:-J.! either in ~urc::d Party's Of Deb<O('s name. as Secured Party d.:sires. 0 1.r. STAr£. 1\""" Of TEC.AS IY'~'