EXHIBIT 10.260
SCHEDULE NO. 10
Schedule of Indebtedness and Collateral
To Master Security Agreement, dated April 5, 2000, between the undersigned
Secured Party and Debtor.
This Schedule of Indebtedness and Collateral incorporates the terms and
conditions of the above-referenced Master Security Agreement.
This is Originally Executed Copy No. 1 of 1 originally executed copies. Only
transfer of possession by Secured Party of Originally Executed Copy No. 1 shall
be effective for purposes of perfecting an interest in this Schedule by
possession.
The equipment listed on this Schedule will be located at:
0000 X. 00xx Xxxxxx Xxxxxxx XX 00000
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Address City State Zip Code
Debtor grants to Secured Party a security interest in the property described
below, along with all present and future attachments and accessories thereto and
replacements and proceeds thereof, including amounts payable under any insurance
policy, all hereinafter referred to collectively as "Collateral".
Collateral Description (Describe Collateral fully including make, kind of unit,
model and serial numbers and any other pertinent information.)
One (1) Zoom Boom Model 2B20044 Aerial Lift, S/N B2004400499C And all additions,
substitutions, attachments, replacements and accessions thereof, plus the
proceeds of all the foregoing.
2095B(8/00) Schedule of indebtedness and Collateral -
Deciling Principal Balance: Fixed Rate
Attach to Master Security Agreement 2094. Page 1 of 2
Debtor promises to pay Secured Party (i) the total PRINCIPAL sum of $112,850.00
in 36 (total number) principal payments $3,134.72 each commencing on
_____________________________and a like sum on a like date of each month
thereafter until fully paid, provided however that the final payment shall be in
the amount of the unpaid balance,
PLUS (ii) INTEREST on the unpaid balance at the rate of 5.9% per annum payable
monthly until the principal balance has been paid in full. Payment shall be made
at the address of Secured Party shown on the Master Security Agreement or such
other place as Secured Party may designate from time to time.
Special Provisions.
If this Schedule of Indebtedness is prepaid prior to the date provided for
repayment in the Schedule of Indebtedness, the Debtor agrees to pay the
following fees: During the first loan year - No Prepayment Allowed; Prepayment
will be allowed thereafter with no prepayment penalty accessed.
ACCEPTED_____________________________________
SECURED PARTY:
THE CIT GROUP/EQUIPMENT FINANCING, INC.
By ________________________________________ Title _____________________________
EXECUTED ON 2/2/2004
DEBTOR:
Meadow Valley Contractors, Inc.
By /s/ [ILLEGIBLE] Title [ILLEGIBLE]
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2095B(8/00) Schedule of indebtedness and Collateral -
Deciling Principal Balance: Fixed Rate
Attach to Master Security Agreement 2094. Page 2 of 2
