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83-00342~=~ (e) To take such further acts and to execute such further instru- ments as shalt be necessary In the sole discretion of Assignee to carry out and enforce the terms and provisions of this Agl"eement to the end that Assignee shalf be totally empowered to enforce the provisions of this Agreement and carry out the terms and conditions of the Purchase Agreement with Ken Har.ter and Jesse Antle. 6, Warranties and Cov~~. The undersigned warrants and cove., nants as follows': (a) Tht~t, except for the security interest granted hereby I Assignor is and will be the owner and holder of the vendorls intel'est in ane! to the above described Purchase Agreement free fl'om any adverse claims, security interest, or l?ncumbrances.. and that it will defend the Collateral against all cliilims and demands of all persons at any time claiming the same, or any interest therein; (b]l Thi~t no financing statement covering the Collateral or the pro- ceeds thereof is on file at any public office; l. c) Th.~t the above described Purchase Agreement is valid and enforceable and is still in full fOI'ce and effect, that said Pur- chase Agreement has not been modified or amended in any respect whatsoever, that there has beer\ no prior assignment of Assignor's mterest in and to said Purchase Agreement, that as of the date hereof no default exists under the above de~iCribed Purchase Agreement, and that the principal balance I'emaming unpaid on said Purchase Agreement s at the present Ums the sum of (d) Th,at Assignor is a corporation duly formed and eXisting Linder and by virtl.le of the laws of the State of Oregon and is in good standing. 7 . 2.E!~~Lf:"::<;?~_'_~i2E!..~ . (a]l It at any time or times, by assignment (,)r' otherWise, Assignee transfers its interest in and to the above described Collateral by virtue 01 the within agr'eement, such transt'er shall car,'y with it Assignee's powers and rights under this Agreement with re~ipect to the Collateral or' any other' secul"ity transfer'red, and the transferee will become vested witt1 said powers and rights whether or not they are specifically referred to in the transfer; (b) Whenever thet'e is no outstanding amount due on the above described loan, Assignee agrees to execute and deliver a state- ment in "'Tiling terminating this Agr'eement; - 3 - i I