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<br /> �'-'�` " I1VDICN'fUI�C OF MORTGAG�,DEED OF TR�1ST ���T�y L ,�:�-
<br /> r� ' �' .•. .--
<br /> -'-� AIVD SECUI�ITY E�GREEMENT � ..�'ti;•,�: �'
<br /> `��..`: , ..�,,:�..t,,�.
<br /> - • � ,. : � -.,.�>ti,''
<br /> ;. �.. . . This Indenture of Moi�t�age, Deed of Trust and Security Agreement(tlie "lndem�ere") � ,-.. ,�.� ;
<br /> -^ dated as of December 14� 1994 from National By-Products,��e.. an Iowa corporation of - ' ' "�"
<br /> R ....; �. :�• .
<br /> ._.±�,,,.;.�. ��.. ".
<br />--�,� . . '�� 1020 Locust Street, Ues Moines, Iowa 50309 (hereinafter referred to as "Grantor"), to �:•�•_��`';��;_��'' �
<br /> -- . � Chicago Title Insurance CQtnpany, a Missouri carporution. with a mailing address of Z22 � �
<br /> _ , South Ninth Street,Suite 864, Minneapolis,Minnesota 55402(the "Truste�"),in txust for the .�;s,+��;��.,�;; �
<br /> = : bene�t of Harris Trust and Savings Bank,an Illinois banking corporatian with its principal • "'+�'�y° :
<br />_ � � � � � place of business at 111 West Monroe Street,Chicago, Illinais 60690 �"Harris"), fox itself � � ''�`
<br /> •.»k�..:_:.
<br />_ .. :..�T�"
<br />_ � and as agent hereunder for the Lenders h�reinafter defined(Harris acting as such agent and . �:,.�.;.,�.:;�_
<br />= . � any successor or successors to IIarris in such capacity being hereinafter refened to as '' �.:���°:s�•
<br /> - `•Benefrciary"); _=
<br /> •.��. ..-
<br /> , , . � :';;_.'�,,••,.y -_
<br /> . :�
<br /> WITNES��'I'H THAT: " • �=--
<br /> . I,. `;�. _�`
<br /> � -
<br />- ' WHERSAS. Grantor I�as entered into with Harris (individually and as agent for the 'c ��;,-
<br /> ' Lenders (as de�ned below)) that certain U.S. $60,250,000 Credit Agreement dated as of �•" _+,
<br /> � even date herewith(such Credit Agreement as the same may from time to time be modified '
<br />. ,,5 _ . :,r :.r.i:,r.�3e� �.iug hersicaf:er refsrr� i� ss th� "!'re�it Aar�sm�r:!••) g,arst!anr r� .v�.�� � ; :
<br /> � Harris and the lenders named therein and party thereto and such additional lenders which
<br /> t ` _
<br /> � thereafter become arties thereto (Harris and all such other lenders being hereinafter �' �':, •
<br /> P
<br /> , . , refened to collectively as the "Lenders" and individually as a"Lender")commit, subject to '� +� �
<br /> certain terms and conditions, (i) to make a revolviag credit in the aggregafe principal , C; .�
<br /> �
<br /> � amount of not to exceed $1S,OOO,OQO at any one time outstanding available to the Grantor � � "=
<br /> ' ' ' during the period endiag on December 31, 2001 (the "Revodving Credit"), (ii)to make ����
<br /> � ` � term credit loans in the aggregate priucipal amount of$45,250,U00 ava.ilable to the Grantor� � ' ��""�
<br /> _..K...w...�.,•.. . .� .,pa
<br /> - � � payable in installments wit� a final maturity of all principal and interest not r�quired to be .�• -:
<br /> � , sooner paid of De�.ember 31, 2(}O1 (the "Term Credit") and �iii) to issue letters of credit ' '.'"��
<br /> W=,-
<br /> ,��. ' � . . � (individually a "Letter of CredIt" and collectively the "Letters of Credit") for the account of ,, l� ,. s�_
<br /> °r� ,� C3rantor in an aggregate face amount not to exceed$5,000,()00 amd with expiry dates no later ` �"��
<br /> � ' ' '� than December 31, 2001, a true and conect copy of which Credit Agreement is on Sle at �ji
<br /> � • the o�ces of the Beneficiary; and j `
<br /> �;%
<br />_� WHEREAS, (i)the Revolving Credit is evide�ced and to be evi�enced by Revolving �� �'
<br /> _ _ Credit notes (the "Revolving Credit Notes") aggregatin� $I5,000,000 bearing even date �`' i;
<br /> ;�: Prepared By and After�tecording ' _
<br /> Return To: , .
<br /> ,�. � :
<br /> �� Alizon J. Shuldiner I '
<br /> .� Chapman and Cutler !
<br /> 111 West Monroe Street � ,,
<br /> Chicago�IllinQis 6Q609 i
<br /> � , �
<br /> :3326&9.01.05 .
<br /> � 100704G/AJS
<br /> � �__ �ti�arsa [Grand Islat�d,NE-RLD] ` "
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