1988-084-RES WHEREAS, the City Council did at it's regular meeting on January 11, 1988, in Resolution No. 88-001,

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8. SECURITY INTEREST. In order to secure all of its obligations hereunder, Lessee hereby: (i) grants to Lessor a first and prior security interest in any and all right, title and interest of Lessee in the Equipment anq, in all additions, attachments, accessions and substitutions thereto, and on any proceeds therefrom; (ii) agrees that this Lease may be filed as a financing statement evidencing such security interest; and (iii) agrees to execute and deliver all financing statements, certificates of title and other instruments necessary or appropriate to evidence such security interest. 9. PERSONAL PROPERTY. The Equipment is and will remain personal property and will not be deemed to be affixed to or a part of the real estate on which it may be situated, notwithstanding that the Equipment or any part thereof may be or hereinafter become in any manner physically affixed or attached to real estate or any building there. If requested by Lessor, Lessee will, at Lessee's expense, furnish a landlord or mortgage waiver with respect to the equipment. 10. USE; REPAIRS. Lessee will use the Equipment in a careful manner for the use contemplated by the manufacturer for the Equipment and shall comply with all laws, ordinances, insurance policies and regulations relating to and will pay all costs, claims, damages, fees and charges arising out of its possession, use or maintenence. Lessee, at its expense, will keep the Equipment in good repair and furnish all parts, mechanisms and devices required therefore. If the Equipment is such as is customarily covered by a maintenance agreement, Lessee will furnish Lessor with a maintenance agreement with a party satisfactory to Lessor. 11. ALTERATIONS. Lessee will not make any alterations, additions or improvements to the Equipment withouts Lessor's prior written consent unless such alterations, additions or improvements may be readily removed without damage to the Equipment. 12. LOCATION; INSPECTION. The Equipment will not be removed from or, if the Equipment consists of rolling stock, its permanent base will not be changed from the Equipment location without Lessor's prior written consent which will not be unreasonably witheld. Lessor will be entitled to enter upon the Equipment location or elsewhere during reasonable business hours to inspect the Equipment or observe its use and operation. 13. LIENS AND TAXES. Lessee shall keep the Equipment free and clear of all levies, liens and encumbrances except those created under this Agreement. Lessee shall pay, when due, all charges and taxes (local, state and federal) which may now or hereinafetr be imposed upon the ownership, leasing, rental, sale, purchase, possession or use of the Equipment, excluding however all taxes on or measured by Lessor's income. If Lessee fails to pay said charges and taxes when due, Lessor shall have the right, but shall not be obligated, to pay said charges and taxes. If Lessor pays any charges or taxes for which Lessee is responsible or liable under this Agreement, Lessee shall reimburse Lessor therefor.