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<br /> �,` . � 91--iQ2731
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<br /> �`' ' � � a. This Croas-Collateralization Agreement is a � -
<br /> � � _ , .,_Y,���:,; legal, valid and binding obligation of the Borrower and
<br /> ,�„�,�-,,,�.,,.._ the Guarantors, enforeeable against the Borrower and �_� N._
<br /> . �?� "''� . the Guarantors in accordance with its terms.
<br /> �'',
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<br /> �-•` b. 'fiere are no other 1 iena or encumbranaes
<br /> � ` � against tha assets which are to continue as collateral
<br /> ���w��;� for the indebtednesa owing to the Gender f rom the Bor- ��`-==
<br /> - �_�"'�"�=-�� rower and the Guarantors. �_____ _
<br /> -`�;-�=���_._.._ .a��� -�--
<br /> -:,^,��'?�,,;;;� , , :,•,` c. The Borrower ared the Guarantors have not r,
<br />-� ,:,.� .;� �;.:•t� transEerred, assigned or conveyed anX interest in the �_,;��-��
<br /> - -:T;';;��'. .�;'' " �� aesets herein to continue as collateral for the indebt- ..
<br /> =� ?�. � ?" edness owing to the Lender to any person or entity. � �
<br /> ii � ,. �,'�r�:;� �,.,.,,�
<br /> m� '..'' +;.�`,'''' r.lr�i,
<br /> {; � ��,;;_,.:. ° d. As of the date hereof, the Borrower and the ;�;+�������r„,�� _
<br /> • ��,° � ., Guarantors have good marketable title to the asse�s ��.::•���s ,; �,•ti�;;::::�;--��
<br /> ,- ``� herefn ta continue as collateral for the indebtedness °� < <�"`� �
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<br /> �. • ,s owfng to the Lender.
<br /> ..�. t .�.
<br /> ' " ., e. There aro no actions which have been insti-
<br /> ��,^�'�•h . �'`'' ' tuted against the Borrower or the Guarantors which -=—
<br /> '�`,<<�: � could result in a judgment against the Borrower or the ��`�-
<br /> �i;a
<br /> ; � " . Guarantors.
<br /> pr�:.,
<br />�. �'�,� . .. �..�
<br /> . f. There are no unpaid or unsatisfied judgments —
<br /> � --- '= ,-� . of rccarci entered ag�fnst the fl�rrower or the Guaran- ��'"-„
<br /> . ��'.j'� � tors. ,.'"' ;,�,-- , __-
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<br /> ` :r��j,� ' . . 'e s �. ..._
<br /> '�' �`'-*•� � ' g. There are no state, federal or other tax lx n
<br /> �;'',. � �. '';?'�:i : �
<br /> ��.���� .; ,J'.�; f iled or not f iled constitutinc� a 1 ien against any of _ __
<br /> ' "".,1:.,.--. the ass.�ts to continue as socurity in accordance here- �`,,�f;
<br />�:���+' � �''��'' ' with, except personal (�ro�erty taxes which are not
<br /> x; • �
<br /> ,�i;,': � delinquent on the dare of this Cross-Collateralization `--
<br /> ,`1 . Ag reement. �+�*�+--___-
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<br /> ' �� i,,,�' 7. The Lender's Ex enses. The Borcower and tlie Guarantors R;�•:�;;;;---_- ��
<br /> �� �, y.,�
<br /> �r';" �.� shall reim urso t e Lender or all �xpense� advanced by ir in t �•�_.,:�;;��_
<br /> •' ro � � [-espeCt to this Cross-Collateralization reement , includin , but r'�"f'---
<br /> , . Ag 9 F ...:,-..:.,:,.. �
<br /> '�' � �';��' not limiked to, lien sQarches, recording fees and attorneX �ees•
<br /> �,. �. ��� . . ... �.�_.
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<br />-' �:�� � � 8. Continuin Terms. Except as specifically agreed herein, ,_ . : _., _
<br /> � �� "�' all covenants an agreements contained in the existing Notes and j ; ---=�
<br /> ;;�,��`'. .
<br /> Ffnancing Statements in respect to indebtedness of the Borrower � n'��:�'�•:
<br /> -" � t-�:_-
<br /> ` : � � and the Guarantors to the Lender existing on the date of the exe- r���._;�:�;r:;
<br /> � �� cution of this Agreement shall remain in full Eorce and offect. � '�'-��-�-�-
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<br /> :�. 9. Entire A r�emene. This Ar�reemQnt contains the entire �...��
<br />.:,.�., .,;,�..�,.�-;.1,;'���,., . � l ,,.1,
<br /> �;, agreemont and underst�an��ng of the parties . This Agreement shall
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<br />_�!, ;....,::<< not be mQC'if ied, amen��e:l �r changed in any rospec t �xcept �y
<br /> `: ,ti' '.�S '�'�'��
<br /> wri�ten neastruments s ign�c� by all parti�s �ereto.
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