EFTA00188152¶
3 0 0 0 0 0 0 5 8 3 6¶
39-19¶
K 0 2 8 2 1 3¶
AIRCRAFT SECURITY AGREEMENT¶
| Debtor: | Real Estate Exchange, Inc.
900 SW 5th Avenue¶ Mezz. Level¶ Portland, Oregon 97204 |
CONVEYANCE RECORDED¶
| 2000 | DEC | 18 | PM | 1 | 35 |¶
| :---: | :---: | :---: | :---: | :---: | :---: |¶
Party: Limited Service Corporation c/o Timothy P. Stehle The Limited, Inc. 4387 International Gateway Columbus, Ohio 43219¶
FEDERAL AVIATION ADMINISTRATION¶
Date: 11-11-2000¶
Complete description of collateral being mortgaged:¶
| Aircraft: | FAA Registration Number |
| Make and Model - Boeing 727-31 | |
| Serial Number | |
| Engines: Two Pratt & Whitney engines, model number JT8D-219, serial numbers 726121 and 726122; and Pratt & Whitney engine, model number JT8D-7B, serial number 654373 |
Spare Parts Locations: None¶
(not exhaustive)¶
together with all equipment and accessories attached thereto or used in connection therewith, all spare parts, all replacements, and all proceeds of the foregoing (whether accounts, general intangibles, instruments, documents, money, or goods), all of which are included in the term “Aircraft” as used herein.¶
1. GRANT OF LIEN AND SECURITY INTEREST¶
Section 1.01. Debtor hereby grants a lien on and security interest in the Aircraft to Secured Party for the purpose of securing the following obligations (the “Obligations”) in the order named:¶
003211455076¶
$5.00 11/16/2000¶
FIRST: The payment of all indebtedness evidenced by and according to the terms of that certain promissory note dated as of October 22, 1998, executed by Debtor and payable to the order of Secured Party in the aggregate principal amount of Forty-Two Million Dollars ($42,000,000), with interest thereon at the rate of the prime rate of interest per annum announced from time to time by Bank One, N.A. (the “Prime Rate”), compounded from such¶
003211450328¶
$5.00 11/16/2000¶
003211454135¶
$5.00 11/16/2000¶