covenants to Lender at all times while this Agreement is in effect as follows: 5.1 Title. Grantor warrants that Grantor is the lawful owner of the Collateral and holds good and marketable title to the Collateral, free and clear of all Encumbrances except the lien of this Agreement. Grantor is, or concurr

reby agrees that it will promptly pay or cause to be paid when due all taxes, assessments and other governmental charges imposed with respect to the Collateral (except to the extent being contested in good faith and by appropriate proceedings which do not involve any material risk of loss or forfeiture).

d between Customer and Bank have been duly authorized by appropriate action of Customer's governing body; (c) Customer is the absolute owner of the Collateral and has full power and authority to grant a security interest in the Collateral to Bank; (d) the Collateral is free and clear from all liens, encumb