6.1 EDSR 12-19-2016 - Laserfiche WebLink

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repay the Loan by making all payments of principal, interest and any premium, penalty or charge that are required to be made under the Note at the times and in the amounts provided therein 2. Equipment and Security Interest. The Borrowers have provided Lender a preliminary list of the Equipment to be acquired with the proceeds of the Loan that shall be subject to the security interest in the Equipment, which is attached as Exhibit A. The Security Agreement will provide Lender with a third priority security interest in such Equipment. Borrowers will provide Lender a final list of Equipment purchased within ten (10) days of purchasing the Equipment, including a description and serial number of each item. Heritage hereby consents to the Lender recording a UCC-1 Filing Statement with respect to all such Equipment. 3. Documents to be Delivered. Borrowers covenant and agree to immediately cause the compliance with the following conditions: (a) Note. Deliver to Lender the Note. (b) Security Agreement. Deliver to Lender the Security Agreement, together with evidence that a UCC-1 Financing Statement has been or will be duly filed for record. (c) Personal Guaranty. Deliver to Lender the Personal Guaranty. (d) Organizational Documents and Resolutions. Deliver to Lender copies of the (i) articles of incorporation for each of the Borrowers certified by the Minnesota Secretary of State, (ii) a certificate of good standing for each of the Borrowers issued by the Minnesota Secretary of State; (iii)bylaws for each of the Borrowers; and(iv) certified resolutions of each of the Borrowers authorizing the execution and delivery of this Agreement, the Note and any other document to be executed by Borrowers pursuant to this Agreement. (e) Insurance. Deliver to Lender: (i) a certificate or policy for all insurance required, under the terms hereof to be maintained by Borrowers; and (ii) evidence that no part of the Loan Property is located in an area designated as being a flood plain or flood hazard area as defined by the Flood Hazard Boundary Map published by the Federal Insurance Administration. (f) Compliance with Laws, Etc. Deliver to Lender such evidence as Lender may require as to the compliance of the Loan Property with: (i) all applicable laws, codes, rules, regulations and ordinances, including, without limitation, those relative to environmental protection, protection of wetlands, building and zoning matters and the Americans with Disabilities Act; and (ii) the requirements of any restrictive covenants, conditions and restrictions; conditional use permit or planned unit development applicable to the Loan Property. 2 491713v1 EL185-46