SECURITY AGREEMENT

SECURITY AGREEMENT
General Electric Capital Corporation
Fed. I.D. 13-1500700
P.O. Box 35707
Billings, MT 59107
Secured Party:
(Lienholder)
Gelco Corporation
Fed. I.D. 36-2774566
3 Capital Drive
Eden Prairie, MN 55344
Debtor:
Description of Collateral Security:
Year
Make
Vehicle Identification Number
Lien amount: $
Lien date:
The security interest noted hereby secures the indebtedness of the Debtor incurred in connection with the
purchase of the Vehicle and all other loans, debts, advances, obligations and liabilities now or hereafter owed by
the Debtor to the Secured Party for money borrowed to purchase Vehicles.
This Security Agreement is in addition to and should be read as a part of the Basic Security Agreement
between the Secured Party and the Debtor.
Upon occurrence of an event of default as defined in the Basic Security Agreement, Secured Party shall have
all rights and remedies set forth therein.
This Security Agreement is governed by the laws of the State of Minnesota.
IN WITNESS WHEREOF, the parties have hereunto executed this Agreement by duly authorized persons.
GELCO CORPORATION
General Electric Capital Corporation
By
By
Bob Mitchell
Authorized Signatory
Pam Passman
Authorized Signatory
Certified a True Signature
Certified a True Signature
Notary Public
Notary Public
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1-1165 (01-10)