|
�..ww...iw . r• , .. . .. . :„ -�•-•--- —•-.....__...., .-..._.. , . , . , .
<br /> ent_ ' ' • • o :� - ..:ea.,,,...�.a*-:-:w�w.... . , -
<br /> n,.�.e�r� .n-—..:.in..�. .. . .. .
<br /> j� ri t,;�:...'w?:..'.y.�n '.T'".., �. ..
<br /> '4afv y,�yr. . . .. . ...... .:�r:� y� . • ..w��.... +� � •-. -
<br /> Y*� . :�. . .��.e!��H��jy,�:_• . _ r ' ,' .,� '`T� ��... {.
<br /> '�r,.vM�,.p..y.r�� ..a��.. . �r.'.�M:ra16W.LM,A�.a'3NM�111b"�f�Y�K49.: .,. ,w,.1:. . _ . ....-... . . �.ni�.:nb`...��...:�.^:t.•
<br /> .. _._�.. �--_'--.. �._._�:.�'���M�+IIL'�M?�°E1�4�IM�Rl1�� y�i1��{i� ��y�{'y'�y`M���I7}'��ii}nFyin_;'.��-�...�..,...�:^�±...,� 'ra�m�o�.�`rr�v�.._.
<br /> -_ A . ' ur�...' uL � ►���J.�I� .Ikil..�u.�.• �'T `"f'�P` " Y.�rlll��Y�I.._
<br /> - � �.,..la 'l."._.ti.....u.Li..�, r. �
<br /> ��sx�ir�x;�x�f°'n�rsa+�r�t��+��?s ,r•r.^r�"'"�•;k;r�.`.''dl�.�.��Y�s+�� :.
<br /> -- _ 4a�.naJ[f.,�,.a ..T.r• � ��. . . � r� - � - . . :'{{ .�.y..... l _ na�r- . -..
<br />- -_rrtu'.�Yfifi�Cll6[c�5rt^'.(��" � • � . �. �'1 ,. . . .. '_ K ""!„�'- _.�-..
<br /> . ,,�-
<br /> � � . . ' ' - • . " � .
<br /> i- ' ' � • - - - . ' .
<br /> , �.� .� ., .. .. .. -.-i
<br /> - ��i. ...ic. ^ .. . u--. .� . ._ ... .. _ .. . _. . . .. ..—...._ ..
<br /> .. .....,- . ..... .. . . .. _. .... . ,. ..
<br /> � .
<br /> r.s:�
<br /> �=-�' 9�" ���`Q� � ,,
<br /> ,,.;
<br /> Cr,f�'W
<br />-�� all e -ui rneizL, itiven�o�: , acaour�t� rec�YVable, canCracti �i htc � '
<br /> �i � Y 9' �_.;�::
<br /> -- and ge�neral inrangiblee in rer�pecr to the Willia►n Wernex a/b/� -
<br /> - W. L. Werner Company. ���=
<br />_ �w;r
<br />- '���-
<br /> ➢. �, croea- _ol}ar„�ra?,± a�*+, Upon the happening of any �;;��_
<br />�' ds�ault in reepect to one or more of th� loane made by the Leilde� ���:
<br /> ` �A r��P Hvrxower ae deacribe�l in P:�r.agraph i abave, Borrovrer �`��'�
<br /> ���
<br /> :Y agreee that Lender ehall have the right to dQem �uch a default ��..T-
<br /> from the dat� of this Agreemen� forward aa a dafauli� in reepec� _
<br />- to all of th� l�ans then� exieting in reap�cr Ca eho Barrower, °____-
<br /> granCing further unto i�ender, at it� r�ptfon, upon any auch
<br /> �r`� dp€au1L•, the right to declare all indebtednese awing from Sorrow--
<br /> er to Lender immediately due and payable and to exercise all
<br /> `�� righ�ce available to Lend�r upon the happenirxg of a de�ault.
<br /> 5. �,o�,�,nued Collateral. Notwithstandfng the pa.yment o£ ��
<br /> �� any or more of the aeparate inetrumente of indebtedness de9cribed - '
<br />:.u.:� in paragraph 1 of thie Croes-Co].lateralization Agreement, so �.ong
<br /> .:-, ac� any one or mor.e of the eeparate in�trumen�e of indebtednesa
<br /> :,� therein de9cribed shall yet remain unpaid, all collateral
<br /> deacribed in paragraph 3 of thie Crose-Collateralization Agree-
<br /> ment ehall remain �s c�llateral for the remaining indebL•edneae
<br /> � � owing tn I,ender by the Borrower.
<br /> - f, ��nsent. The Lencler shall have tAe Luii righc, in 1.Lt9 `
<br /> sole discr�tinn and withaur any notice to or canae:�t Erom the
<br /> Borrower, from time to L•ime and at any time, and withc�ut a£fect-
<br /> ing, impairing ox• discharging, in whole or in part, the 1iak�llity �
<br /> of the Borrower hereunder: (a) to make any change, amendment or '
<br /> modification whatsoever of a:�y term or cnndition of any trarxsac- �
<br /> tion or d�bt, including rates of intiere�t with respect �horeto; '-
<br />:'�� ib) to extend, in whole or in �art, by renewal or otherwiee, and :
<br /> an one or any number of occaeiona, the time for the paytnent of ;
<br />_`:� any d�bY: or the performance of any term or condition of any ;��
<br /> transaction; (c) to settle, compromiee, releaee, surrender., 9ub- t--
<br /> -:,� ordinate its interest in, modify or impair, and to enfoxce and �--
<br /> exerciae, or faa.l or refuae to enforce or exerciae, any claim9, ��-
<br /> ,� righte or remedies of any kind or nature againat the Borrower or `�
<br /> any Guarantor of the Borrower's debts or transactions, or any
<br /> ,_� collateral aecurity held by the Lender. �:,
<br /> �_� -
<br /> �.�.:.,=
<br /> :� 7, Warr n � ,�_of Borrower, Borrower hereby warranta and �.:=:-
<br /> � covenant s: ��'�
<br /> , � a. This Croes-Collateralization Agreement is a ._
<br /> legal, valid and binding obligation of the Borrower,
<br /> enforceable against the Borrower in accordancs with its � ,'+�
<br />_= terme . ,
<br />-°' b. There a.re no other lien� or encumbrances
<br />==; again�t the ar�sete which ar.e to continue a3 collater�l
<br /> for the indebtedness owing ta the Lender from the Box�-
<br />- rower. '
<br /> t
<br /> I
<br /> _ �
<br /> ■ 3 �
<br /> �
<br />-�� �
<br /> �....... . . .. . .. .. _ - ------ r• ". - .__.._. _
<br /> - . ..�.v.....7�a:.7.;'i-F,'nRw.tli•�..r!re.i.'3 � . � .. _ ;a.�. .. .. ii .i:.F:1i.i}�iixYp��'i4�!R�I�,�Mtr17.�?C'•,. ' . ' . ,
<br />- . ,. ,� . - .. " _ :t; �•S. .� �. ..
<br /> —_ .. .. ., r .. � .. , .
<br /> ^T � ' , .. . . .. , . .
<br /> .. .. .. �) . .
<br /> / .�
<br /> .�A� �r . .. -' . 11 -- • ��•!.� .
<br />.__.__. ' .•., � .
<br /> . F��'�1 Y��'•f .
<br /> _ �y .
<br /> �- - .• �• � '.3.`-A7�7�. ��t i� .. . .i
<br /> i�.r� .. .�„c��S�,�4 ..
<br /> '��'� . .. - ' . , �Fiw � ...... _ .
<br /> Y'_7•
<br /> 1 1 � ., .. ,• ., .• ..� . ' �� . - ..
<br /> . ,. , ,
<br /> ,
<br /> , .
<br /> , �v ��
<br />
|