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. 5 I (111 ^J! Borrower agrees, in the event of Default, to make the Collateral available to the Lender at a place or places to be designated by the Lender, which is reasonably convenient to both parties, and to pay all costs of the Lender, including reasonable attorneys' fees, in the collection of any of the Secured Obligations and the enforcement of any of the Lender's right:>. If any notification of intended disposition of any of the Collateral is required by law, such notification shall be deemed properly given if mailed a reasonable time before such disposition, postage prepaid, addressed to the Borrower at the address shown above. Lender's duty of care with respect to Collateral in its possession shall be deemed fulfilled if Lender exerd:oes reasonable care in physically safekeeping such Collateral or, in the case of Collateral in the custody or possession of a bailee or other third person, exercises reasonable care in the selection of the bailee or other third person, and Lender need not otherwise preserve, protect, insure or care for any Collateral. Lender shall not be obligated to preserve any rights Borrower may have against prior parties, to realize on the Collateral at all or in any particular manner or order, or to apply any cash proceeds of Collateral in any particular order of application. No delay or failure by the Lender in the exercise of any right or remedy shall constitute a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. I (12) ^~ If more than one party shall sign this Agreement, the term "Borrower" shall mean all such parties, and each of them and all such parties shall be jointly and severally obligated hereunder. 10 15 20 (13) ^2,!l This Agreement is governed by the laws of the state in which the Lender is located: - Executed. as of .1994. BORROWER: 25 COMPUfYPE, INC. By: Its: 30 -4-