Orange County NC Website
Browse       Search
default of this Agreement and your taxing power is <br />not pledged directly or indirectly to secure any <br />monies due us under this Agreement; <br />3. repossess or render unusable any or all Machines, <br />Modifications, or Additions without demand, notice, <br />court order, or other process, and retain all <br />payments made as partial compensation for their use <br />and depreciation; <br />4. require you, at your expense, to assemble and ship <br />any Machine, Modification, or Addition to a location <br />we specify; and <br />5. recover from you reasonable..attorney's fees and <br />legal expenses incurred in exercising any of our <br />rights under this Agreement, subject to the <br />deficiency judgment limitation contained in this <br />Section. <br />If we repossess a Modification, it is your responsibility <br />to restore the remaining Machine to good working order. <br />We have no liability for costs or damages caused by the <br />removal of such Modification or by your failure to <br />fulfill your responsibilities. <br />Upon repossession or return of a Machine, Modification, <br />or Addition, we will dispose of it in a commercially <br />reasonable manner. After deducting our expenses for the <br />repossession and disposition, we will apply the net <br />proceeds toward the amounts due. The application of the <br />net proceeds toward the amount due ends your obligation <br />to us. We will pay to you any excess net proceeds. <br />Replace the second paragraph of Section 4.3 to read as <br />follows: <br />4.3 SECURITY INTEREST <br />You agree to cooperate with us in preparing, executing <br />in your name, and filing on your behalf, financing <br />statements or other documents covering Machines, <br />Modifications, and Additions financed by us. <br />