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" 3. Borrower's place of business, or chief executive office if Borrower has more than one place of business, is located at 2285 West County Road C, Roseville, Minnesota 55113. Borrower will promptly notify the Lender in writing of any change in location of Borrower's place of business or chief executive office. The Borrower's federal tax identification number is 41-1249729. 4. If any COllateral is or will become a fixture, the recorded owner of the real estate is _ Nt A_ and the legal description of the real estate is N/A Borrower will not permit any tangible Collateral to become part of or to be affixed to any real property without first assuring to the reasonable satisfaction of the Lender that its security interest will be prior and senior to any interest or lien then held or thereafter acquired by any other party. 5. If any of the Collateral is goods of a type normally used in more than one state (whether or not actually so used), Borrower will contemporaneously herewith furnish the Lender a list of such Collateral showing the states wherein the same is or will be used, and such list will identify any Collateral covered by certificates of title and the issuing states thereof. Hereafter Borrower will notify the Lender in writing of any other states in which any of the Collateral is so used or which have issued certificates of title covering any of the Collateral. 6. Borrower has or will acquire title to and will at all times keep the Collateral free of all liens and encumbrances, except the security interest created hereby and other liens and encumbrances in favor of First Bank National Association ("Permitted Encumbrances"), and has full power and authority to execute this Security Agreement, to perform Borrower's obligations hereunder and to subject the Collateral to the security interest created hereby. Borrower will pay all fees, assessments, charges or taxes arising with respect to the Collateral. There is no encumbrance or security interest with respect to all or any part of the Collateral except the Permitted Encumllrances. All costs of keeping the Collateral free of encumbrances and security interests prohibited by this Agreement and of removing same if they should arise shall be the obligation of the Borrower, and such obligation shall be part of the Secured Obligations. 7. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral is (or will be when arising or issued) a valid, genuine and legally enforceable obligation, subject to no defense, set-off or counterclaim (other than those arising in the ordinary course of business) of the account debtor or other obligor named therein or in Borrower's records pertaining thereto as being obligated to pay such obligation. Borrower will not agree to any material modification, amendment or cancellation of any such obligation without Lender's prior written consent, and will not subordinate any such right to payment to claims of other creditors of such account debtor or other obligor. 8. Borrower will at any time or times hereafter execute such financing statements and other documents and instruments and perform such acts as the Lender may from time to time request to establish, maintain, perfect and enforce a valid security interest in the Collateral, and will pay all costs 0' filing and recording. 9. Borrower will keep all tangible Collateral and all lands, plants, buildings and other property now or hereafter owned or used in connection with its business in good condition, normal depreciation excepted, and insured against loss or damage by fire (including so-called extended coverag~), theft or physical damage, in such amounts, with such insurers and upon such terms as Lender may reasonably require. Borrower will obtain loss payable and additional insured endorsements on applicable insurance policies in favor of Borrower and Lender as their interests may appear and at Lender's request win deposit the insurance policies with Lender. Borrower shall cause each insurer to agree, by Policy indorsement or by insurance of a certificate of insurance or by independent instrument furnished to Lender, that such insurer will give thirty (30) days' written notice to Lender before such policy will be altered or canceled. Borrower irrevocably appoints Lender as Borrower's attorney in fact to make claim for, to negotiate settlement of claims, to receive payment for and to execute and endorse any documents, checks or other instruments in payment for loss, theft, or damage under any insurance policy covering the Collateral, which appointment is coupled with an interest and is irrevocable. ~2.