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Agenda - Council - 08/12/2008
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Agenda - Council - 08/12/2008
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3/19/2025 9:26:05 AM
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8/8/2008 2:11:33 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/12/2008
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c. All other costs and liabilities (including, but not limited to, reasonable attorneys' <br />fees) which may be made or incurred by Secured Party (i) in the disbursement, administration <br />and collection of .the loan evidenced by the Note (the "Loan"), or (ii) in the maintenance, <br />preservation or liquidation of the Collateral, or (iii) under this. Security Agreement, or (iv) for the <br />benefit of Debtor, with interest at the maximum legal rate on such costs and liabilities; and <br />d. Any of the foregoing that arise after the filing of a petition by or against Debtor <br />under the Bankruptcy Code, U.S.C. Title 11, as the same may be amended from time to time, <br />even if the obligations do not accrue because of the automatic stay under the Bankruptcy Code, <br />11 U.S.C. § 362, or otherwise. <br />This Security Agreement does not secure any Obligations which are secured by a consensual lien on real <br />property and subject to anti-deficiency or comparable laws. <br />2. Collateral. The collateral in which the Security Interest is granted is all Debtor's <br />property described in the attached Exhibit A, wherever located, and now owned or hereafter acquired,. <br />together with all proceeds and products therefrom (the "Collateral"). <br />3. Debtor's Representations and Warranties. Debtor understands and acknowledges that <br />Secured Party, in making the Loan and in perfecting and continuing the Security Interest, is acting in <br />reliance upon the representations and warranties set forth in this Paragraph, and.that such representations <br />and warranties are of a material nature. Debtor hereby represents and warrants the following: <br />a. Debtors' legal name: Clear Choice Countertops, Inc. <br />b. Debtors' mailing address: 13915 Uranium Street NW, Suite C <br />Ramsey, MN 55303. <br />c. Debtor is: individual or sole proprietorship <br />OR <br />X organization <br />If an individual or sole proprietorship, the address of Debtor's principal residence is: <br />If an organization: <br />Debtor is organized under the laws of: Minnesota <br />Debtor is: <br />X Minnesota corporation <br />general partnership <br />limited partnership <br />limited liability partnership <br />limited liability company <br />trust <br />decedent's estate <br />Page 2 <br />_91 _ <br />
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