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• 7.2 Security Agreement. To secure all obligations of the Lessee hereunder, the
<br />Lessee hereby grants to the Lessor a security interest in any and all of the Lessee's right, title and
<br />interest in and to this Agreement, the Equipment, all additions, attachments, accessions,
<br />substitutions and replacements thereto, and rental payments due or to become due hereunder, and
<br />any and all proceeds thereof, including without limitation, the proceeds of insurance thereon. The
<br />Lessee agrees to execute and deliver all documents, instruments and financing statements
<br />necessary or appropriate to perfect or maintain the security interest granted hereby. The Lessor is
<br />authorized to file financing statements without the Lessee's signature or to execute and file such
<br />financing statements on the Lessee's behalf as specified by the Uniform Commercial Code to
<br />perfect or maintain the Lessor's security interest granted hereby. At the request of the Lessor, the
<br />.Lessee will keep and maintain a conspicuous marking or tag on the Equipment that a security
<br />interest therein is held by the Lessor.
<br />.7.3 Personal Property. The Equipment is, and shall at all times be and remain,
<br />personal property notwithstanding that the Equipment or any part thereof may now be, or hereafter
<br />become, in any manner affixed or attached to, or imbedded in, or permanently resting upon, real
<br />property or any building thereon or any fixtures, 'or attached in any manner to what is permanent
<br />by any means of cement, plaster, nails, bolts, screws or otherwise. Upon request of the Lessor,
<br />Lessee shall obtain, as to any place where the Equipment is located, a waiver from the landlord
<br />•and mortgagee thereof with respect to any rights they may have in and to the Equipment or the
<br />rights of levy or seizure thereon.
<br />7.4 Liens. The Lessee shall not directly or indirectly create, incur, assume or suffer
<br />to exist any mortgage, pledge, lien, charge, security interest, encumbrance or claim on or with
<br />respect to the Equipment or any interest therein, except for the lien and security interest of the
<br />Lessor therein created under this Agreement. The Lessee shall promptly, at its own expense, take
<br />such action as may be necessary to duly discharge, any such mortgage, pledge, lien, security
<br />interest, charge, encumbrance or claim if the same shall arise at any time.
<br />7.5 Inspection Acceptance and Written Notice of Defects. Immediately upon receipt
<br />and installation of the Equipment, the Lessee shall inspect the Equipment. Unless the Lessee gives
<br />the Lessor written notice of each defect or other proper objection to the Equipment before the
<br />execution of the Acceptance Certificate, it shall be conclusively presumed upon execution of an
<br />Acceptance Certificate, as between the Lessor and the Lessee, that Lessee has fully inspected and
<br />acknowledged that the Equipment described in the Acceptance Certificate is in good condition and
<br />repair, has been properly installed and is performing satisfactorily, and that the Lessee is satisfied
<br />with and has accepted such Equipment in such good condition and repair.
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