Financing Statements, Certificates, Etc. Debtor will, from time to time, at its expense, execute, deliver, file and record any statement, assignment, instrument, document, agreement or other paper and take any other action, (including, without limitation, any filings of financing or continuation statements under the UCC) that from time to time may be necessary, or that Secured Party may reasonably request, in order to create, preserve, perfect, confirm, validate, or protect the security interests granted or created pursuant to this Security Agreement or to enable Secured Party to obtain the full benefits of this Security Agreement, or to enable Secured Party to exercise and enforce any of its rights, powers and remedies hereunder with respect to any of the Collateral. To the extent permitted by law, Debtor hereby authorizes Secured Party to execute and file financing statements and continuation statements without Debtor's signature appearing thereon. Debtor agrees that a carbon, photographic, photostatic or other reproduction of this Security Agreement or of a financing statement is sufficient as a financing statement. Secured Party agrees to provide Debtor with a carbon, photographic or photostatic copy of any financing or continuation statement or other document concerning the Collateral filed by Secured Party without Debtor's signature or signed by Secured Party pursuant to the power of attorney granted herein. Debtor shall pay the reasonable costs, fees, and expenses of, or incidental to, the perfection, protection and preservation of Secured Party's lien and security interest in the Collateral, including without limitation any recording or filing fees, recording taxes and stamp taxes incurred in connection with the filing or recording of all financing and continuation statements and other documents concerning the Collateral.
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Financing Statements, Certificates, Etc. Debtor will, from time to time, at its expense, execute, deliver, file and record any statement, assignment, instrument, document, agreement agreement, notice or other paper and take any other action, (including, without limitation, any filings of financing or continuation statements under the UCC) that from time to time may be necessary, or that Secured Party may reasonably request, in order to create, preserve, perfect, confirm, validate, or protect the security interests granted or created pursuant to this Security Agreement or to enable Secured Party to obtain the full benefits of this Security Agreement, or to enable Secured Party to exercise and enforce any of its rights, powers and remedies hereunder with respect to any of the Collateral. To the extent necessary or desirable and permitted by law, Debtor hereby authorizes Secured Party to execute and file financing statements statements, amendments and continuation statements without Debtor's signature appearing thereon. Debtor agrees that a carbon, photographic, photostatic or other reproduction of this Security Agreement or of a financing statement is sufficient as a financing statement. To the full extent permitted by law, Debtor authorizes Secured Party agrees and grants to provide Debtor with a carbon, photographic or photostatic copy of any financing or continuation statement or other document concerning the Collateral filed by Secured Party without Debtor's signature or signed by Secured Party pursuant to the a power of attorney granted herein(which is coupled with an interest and is irrevocable) to sign on Debtor's behalf and file financing statements, continuation statements, applications for certificates of title, notices, affidavits, and other documents and any amendments thereto that Secured Party reasonably deems necessary or desirable for the purpose of perfecting, protecting, and preserving the lien and security interest of Secured Party in the Collateral. Debtor shall pay the reasonable costs, fees, and expenses of, or incidental to, the perfection, protection and preservation of Secured Party's lien Lien and security interest in the Collateral, including without limitation any costs of mailing notices, recording or filing fees, recording taxes taxes, stamp taxes, and stamp taxes certificate of title application fees incurred in connection with the filing or recording of all financing and continuation statements and other documents concerning the Collateral. At Debtor's cost and expense, Debtor shall:
(a) except as otherwise provided in (h) below, deliver to Secured Party, immediately upon their receipt by or delivery to Debtor, all notes or other instruments now or hereafter evidencing or securing any of the Collateral and any guaranty or security therefor, together with appropriate endorsements and assignments;
(b) upon request by Secured Party deliver to Secured Party certified schedules, in such form as may be specified by Secured Party, identifying the Collateral, or such part thereof as may be specified by Secured Party, together with such supporting documents and information as Secured Party reasonably may request;
(c) upon request by Secured Party, immediately deliver or cause to be delivered to Secured Party, in due form for transfer (i.e., endorsed in blank or accompanied by duly executed blank stock or bond powers), all securities, instruments, and documents of title (subject to (e) below), if any, at any time representing all or any of the Collateral;
(d) furnish or cause to be furnished to Secured Party such appraisals, opinions of counsel regarding grants of valid and perfected liens and security interests in favor of Secured Party in the Collateral, and other documents with respect to the Collateral as Secured Party reasonably may request from time to time;
(e) use all reasonable efforts to cause Secured Party's Lien and security interest to be at all times duly noted on all certificates of title issuable with respect to any of the Collateral and upon request by the Secured Party after the occurrence of an Event of Default, forthwith deliver or cause to be delivered to Secured Party each such certificate of title (except for certificates of title issued with respect to Collateral that is subject to a Permitted Lien that is prior to the lien and security interest of Secured Party therein);
(f) acquire and maintain its property in a manner that will enable such property to become subject to the Lien and security interest granted under this Security Agreement;
(g) acquire and maintain the consent or approval of any Person or entity whose consent or approval is required to the granting of a Lien or security interest in any Collateral to the Secured Party; and
(h) upon request by Secured Party, cause all chattel paper (as defined in the UCC) to be clearly stamped or marked to indicate that such chattel paper is subject to a assignment and security interest in favor of Secured Party or deliver such chattel paper to Secured Party, except for such chattel paper that is subject to a Permitted Lien that is prior to the assignment and security interest granted hereunder.
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Sources: Collateral Assignment and Security Agreement (Escalade Inc)