Legal description
That certain tract or parcel of ground containing 1.00 acres, together with all servitudes and rights pertaining thereto, located in Section 19, Township 9 South, Range 3 East, Acadia Parish, Louisiana, and being more particularly described as "LOT 3A" of Phase 1 of Duson Industrial Park, a subdivision located in Section 19, Township 9 South, Range 3 East, Acadia Parish, Louisiana, as shown on plat of survey prepared by Ronald D. Sarver, Registered Land Surveyor, dated February 13, 2006, attached to Act of Sale recorded on March 29, 2006 under Act No. 753323 of the records of Acadia Parish, Louisiana. Said property has a northern boundary measuring 150.00 feet; a southerly boundary measuring 150.00 feet; an easterly boundary measuring 443.08 feet; and a westerly boundary measuring 443.08 feet. Said property fronts on the North by road known as "Daulat Drive" and is bounded on the North by Daulat Drive; on the South by property of Brenda Ann Simon Walker; on the East by Lost 1 and 2 of Duson Industrial; and on the West by Lot 4 of Duson Industrial Park. Said property is the northern 1.00 acres of a certain tract or parcel of ground containing 1.52 acres, more or less, being described as "LOT 3" of Phase 1 of Duson Industrial Park as shown on plat of survey prepared by Ronal D. Sarver, Registered Land Surveyor, dated April 12, 1999, recorded as Original Act No. 665858, records of Acadia Parish, Louisiana. Together with any and all present and future building(s), constructions, component parts, improvements, attachments, appurtenances, fixtures, rights, ways, privileges, advantages, batture, and batture rights, servitudes and easements of every type and description now and/or in the future relating to the mortgaged property, and any and all items and fixtures attached to and/or forming integral or component parts of the mortgaged property in accordance with the Louisiana Civil Code. The municipal address assigned to the Real Property is 3001 Daulat Drive, Duson, Louisiana 70529. Equipment, Furniture, Fixtures and other Tangible Property. All equipment, furniture, fixtures and other tangible property of every nature and description whatsoever (whether or not any of the foregoing are affixed to realty), now owned or hereafter acquired by Debtor, including all appurtenances and additions thereto, and substitutions therefore and replacement thereof, wherever located, including that which is now or hereafter located at the Mortgaged Property; or attached to, installed in, used in connection with or arising out of the improvements situated or to be situated on the Mortgaged Property (the "Improvements"), including, without limitation, any and all (a) beds, dressers, credenzas, desks, chairs, couches, sofas, shelving, coolers, refrigerators, cash registers, security equipment, beverage dispensing equipment, display cases, safes, doors, windows, floor coverings, cabinets, disposals, range hoods; dishwashing equipment, televisions, speakers, radios, communications, heating, lighting, ventilating, refrigeration, air conditioning and air cooling equipment and systems, gas and electric machinery, cooking equipment, water-heating equipment, furnaces, pipes, plumbing equipment, sprinkler systems, fire extinguishing apparatus and systems, and maintenance equipment; (b) all plans, specifications and drawings relating to the Mortgaged Property or the Improvements; (c) all permits, licenses, franchises, certificates, rights and privileges relating to the Mortgaged Property or the Improvements; (d) general intangibles relating to the Mortgaged Property or Improvements including trademarks, trade names and symbols; (e) rentals, deposits and other sums as may become due Debtor as lessor under any and all leases (including any oil, gas or mineral lease), written or verbal, with respect to the Mortgaged Property or Improvements; and (f) deposits for taxes, insurance or otherwise, made under any deed of trust or other instrument securing payment of the indebtedness of Debtor to Secured Party; Inventory. All of Debtor's inventory, including all goods, merchandise, raw materials, good, goods in process, finished goods, parts, supplies and other tangible personal property, wherever located, now owned or hereafter acquired and held for sale or lease or furnished or to be furnished under contracts for service or used or consumed in Debtor's business, and all additions and accessions thereto, and all leases and contracts with respect thereto, arid all documents of title evidencing. or representing any part thereof, and all products and proceeds thereof, whether in the possession of the Debtor, warehouseman, bailee, or any other person, and all goods and inventory returned, reclaimed or repossessed; Accounts. All accounts and accounts receivable now owned or existing as well as any and all that may hereafter arise or be acquired by Debtor, and all the proceeds and products thereof, including without limitation, all notes, drafts, acceptances, instruments and chattel paper arising therefrom, and all returned or repossessed goods arising from or relating to any which accounts, or other proceeds of any sale or other disposition of inventory, together with any property evidencing or relating to the Accounts (such as guaranties and credit insurance), any security for the Accounts, and all books and records relating thereto (including, but not limited to, computer-generated and/or computer-prepared information); General Intangibles. All general intangibles and other personal property now owned or hereafter acquired by Debtor (including, without limitation, all payment intangibles and any personal property, causes of action, goodwill, tax refunds, licenses, franchise, trademarks, trade names, service marks, copyrights, customer lists, and patents, and all right under license agreements for use of the same) other than goods, accounts, chattel paper, documents or instruments; Chattel Paper. All of Debtor’s interest under chattel paper, lease agreements and other instruments, or documents (whether tangible or electronic), whether now existing or owned by Debtor or hereafter arising or acquired by Debtor, evidencing both a debt and security interest in or lease of specific goods; Instruments. All of Debtor's Instruments (including, without limitation, all promissory notes and all certified securities and all certificates of deposit) now owned or existing as well as hereafter acquired or arising instruments and documents; Investment Property. All investment property including, but not limited to, certificated securities, uncertificated securities, securities entitlements, securities accounts, commodity contracts, commodity accounts, and financial assets; Documents of Title. All documents of title including, but not limited to, bills of lading, dock warrants and receipts, and warehouse receipts; Deposit Accounts. All deposit accounts of Debtor with Secured Party, including, but not limited to, demand, time, savings, passbook, and similar accounts; Property in Secured Party's Possession. All monies, residues and property of any kind, now or at any time or times hereafter, in the possession or under the control of Secured Party or a bailee of Secured Party; and Accessions, Claims and Proceeds. All claims and proceeds, including without limitation, all condemnation or insurance proceeds arising out of or with respect to the Mortgaged Property or Improvements; all replacements, products, betterments, substitutions and renewals of and additions to, any of the Collateral; and all proceeds of the Collateral; all accessions to; substitutions for the Collateral, as well as any additions and attachments thereto, and the proceeds, increases, substitutions, products, offspring, thereof, including without limitation, all cash, general intangibles, accounts, inventory, equipment, fixtures, farm products, notes, drafts, acceptances, investment property, securities, subscription rights, dividends or other property or benefits which Debtor is entitled to receive on account of the Collateral, instruments, chattel paper, insurance proceeds payable because of loss or damage, or other property, benefits or rights arising therefrom, and in and to all returned or repossessed goods arising from or relating to any of the property described herein or other proceeds of any sale or other disposition of such property (including, without limitation, whatever is received upon the use, lease, sale exchange, collections, any other utilization, or any disposition of any of the foregoing property, whether cash or non-cash, all rental or lease payments, accounts, chattel paper, instruments, documents, contract rights, general intangibles, machinery, equipment, inventory, substitutions, additions, accessions, replacements, products, and renewals of, for or to such property, and all insurance therefor). If livestock is included, the Collateral also covers Debtor's related feed, water privileges, equipment used in feeding and handling the livestock and rights in contracts and leases on lands used for pasture and grazing purposes. For purposes of this Agreement, the references to the terms "account" or "accounts" shall be deemed to include chattel paper as well as accounts, when applicable. The Collateral does not include any additional or after acquired property that is consumer goods, except accessions and property acquired within ten (10) days after Secured Party gives value. The Collateral are goods to be used primarily in business operations (equipment) other than farming; inventory; accounts and the records of the Collateral are kept at 3001 Daulat Dr. Duson, Louisiana 70529; being acquired by or for Debtor with the proceeds advanced by Secured Party; or will become fixtures. The owner of the real property upon which the Collateral will be located is Debtor. Debtor is a Louisiana limited liability company, whose Charter/Filing No. is 44447626K.