HomeMy WebLinkAbout351548 US BANCORP - CONTRACT - CONTRACT - 31130p.
a..•. �w+r or SUPPLEMENT NO APPLICATION NO C NTRACT NO
C� Value Lease
Office Equipment Supplement
Finance Services
Monthly Payment' y a , d Copes Included Copy Css hx e ' I copes Induced `-� CopyfiG a�e b
METER READINGS VERIFIED MONTHLY
mos Balance of applicable tens Termination date of this supplement coincides with the termination date set forth in the Value Lease Agreement or prevl us supplement
more New term for an equipment which begins upon signature and acceptance by owner and will supercede fire term on the Value Lease Agreement
I I I •
You have requested this supplement to the Value Lease Agreement (or supplement) asset forth above You agree that the pricing on this supplement Is the new total pnn for your Agreement
Except for the specific provisions set forth above the anginal terms and conditions set forth In the Value Lease Agreement and any personal guaranty($) shell remain In lu I force and effect and
are Incorporated herein by reference
I
YOU HEREBY ACKNOWLEDGE THAT THE EQUIPMENT SET FORTH ABOVE HAS BEEN RECEIVED, HAS BEEN PUT IN USE, IS IN GOOD WORKING ORDER ANIS SATISFACTORY
AND ACCEPTABLE INITIAL METER READING UNIT t UNIT 2UNIT 3
Y
DATED CUSTOMER SIGNATURE •` PRINT NAME
US Bancorp
Business Equipment Finance Group
10000 - 12/22/2003
PRINT
Ez
ce
$OSd
/3 C}Al/Cf%C L 7r
l Fort Collins
Lewan Septemi
• 55 B/W & 41 Color Copies Per Minute
• 80 GB Hard Drive
Two 500 & Two 1,000 Sheet Paper Drawers t 1
100 sheet Bypass Tray
• 5 5 x 8 5 to 12 x 18 Paper Sizes --
• Up to 140 lb Index
150 sheet Single Pass AutoFeed_-a
• Autoduplex
• Stapling Finisher
Network Printing
• Network Scanning
• Network Faxing
Post Script
• Options see below
Lease Program: 60 months as configured above
Monthly Minimum: includes 7,000 B/W prints $ 464 00/mo
Trade-in Canon IR310ON $ -10 50/mo
Additional B/W prints are $ 012 each
All Color prints are $ 10 each
Options: included with the original placement
Future add-ons will be cost computed based on the months remaining
• Hole Punch $ 8 60/mo
• S S Finisher (add) $ 17 20/mo
• Large Drawer $ 15 90/mo
PROGRAMS INCLUDE
• Unit as proposed As configured above
• Delivery, Installation, and Comprehensive Training
• Service & Supplies Includes everything except paper & staples
• Upgrades or Downgrades are permissible Upon mutual acceptance
Service Support Of course, the equipment is only as good as the service you receive At Le,
& Associates, our service is second to none All of our technicians are factory trained in-house at i
East Evans Service Center in Denver Last year the technicians received over 18,000 hours of
classroom and hands-on equipment training Our average response time for a service call is inten
to be four hours
QUOTE GOOD SEPTEMBER 28, 2007
17, 2007
S 0 L U T 1 0 N S F 0 R B U s I N EIS S
rMhannneen
�""""'w;P,i; * 11117 AGREE
ENT NUMBER
Total Copy Management Prograrn
Office Equipment Spa -
oyes
a<
Flnance Sernces
I • - 1 : I I : 1 I • I
Ikla`p,Ji
This document is written in "Plain English" The words you and your refer to the customer The words Lessor, we, us and o
r refer to U S Bancorp
Business Equipment Finance Group Every attempt has been made to eliminate confusing language and create a simple
y-to-read document
RILL LEGAL NAME OF CUSTOMEP STREETADDRESS
iT D i-D T �DGL/n/5 �1 ND. ✓�ASOn/
CITY BTATE ZIP PHONE FA%
DLL/NS Cp 70-.221-g77_ D-
,21-
BILLING NAME pF DIFFERENT FROMAeQVE7 BILLING STREET APpGE55
!T F �o DLLlNS - UVT/N 1 D D
CITY STATE LP FEDEMLTA%10 + EMAIL
LL NS - ODD 7
EQUIPMENT LOCATION (IF DIFFERENT FROM ABOVE)
L E LEA5E S'uP LEMi! N 75
• - • - p
NAME OF SUPPLIER STAEETADDRESS
-
L D e &L VIE
CITY STATE ZIP PHONE FAX
<2L5 e !?D-52 D- 4&41- 22
9
- SiVALUE LE}5E /DP cA/i5
D -TERMS "" DN 5 45 /Ylo E
DA7ED 10//�
r
HI
A It AK YK01-.
Payments of $
Term In Months
(plus applicable taxes)
(mos)
Received
the taxes)
Lease Payment Period is Monthly
$
(plus applica
Unless Otherwise Indicated
Payment includes copies per month
Excess Copies billed monthly at $
per copy
ENO OFLEASE OPTIONS You will have the following options at the end of the original term, provided the Lease has not terminated ear
and no event of default
under the Lease has occurred and is continuing
1 Purchase the Equipment for the Fair Market Value 2 Renew the Lease per paragraph 1 3 Return Equipment as provided In fiaragraph
6
THIS IS A NONCANCELABLE ! IRREVOCABLE AGREEMENT, THIS AGREEMENT CANNOT BE CANCELE
OR TERMINATED
lail ,;
U S Bancorp
DATED LESSOR Business Equipment Finance Group SIGNATURE
'I `li r fyC t3
fF
DATED CUSTOMER SIGNATURE X D
CTD DF
QH$61AZ- AAN
ES IAJ91 LL P
PRINT NAME
p
W t
As additional Inducement for us to enter Into the Agreement the undersigned Qyi unconditionally jointly and severally personally guarantees that the customer will make all p
ymenis and meet all obligations
required under this Agreement and any supplements fully and promptly You agree that we may make other arrangements Including compromise or settlement with the customs
antl you waive all defenses and
notice of those changes and will remain responsible lot the payment and obligations of this Agreement We do not have to nobly you if the customer Is in default II the Gusto
er defaults, you will Immediately
Pay in accordance with the default provision of the Agreement all sums due under the terms of the Agreement and will perform all the obligations of the Agreement if It Is nece
sery for us to proceed legally to
enforce this guaranty you expressly consent to the jurisdiction at the court set out in paragraph 15 and agree to pay all costs including attorneys lees incurred in enforcement of
is guaranty It is not necessary
for us to proceed 11r5t^againe[the-cuSWmerbatom EnfomingIns guaranty—Eyslgning tMSgui ramyyou aundRin omouricbpeROrlaI t credlrb rdbUT eon... I.redR'md'Cdl
dTporpp5es---'—
PRINT NAME OF GUARANTOR SIGNATURE Y IATI•
I f4
YOU Certify that all the equipment listed above has been furnished that delivery and installation has been fully Completed and satisfactory Further all conditions and terms of this Agreement have been reviewed
and aCknOwiedged UOon your sigmnq below your promises harem will be Irrevocable entl unCOndihonal In all respects You understand and agree mat we have purchased the 3quipmbnt from the supplier and
YOu may contact the above supplier for }our warranty rights vmch we transfer to you for the farm of the Agreement Your approval as mdicaleo below or our purchase of the Squipmenl from me supplier is a
Condition precedent to the AVOCrweness of this Agreement
DATED-IISTOMFR llr:NATIIRF X TT F
I AGREEMENT You agree to .At hom w the personal propant tlescnbed under ITEM DESCRIPTION and as madded by supplements to his Master Agreamsnl from time to lime signed by you and is(such properly and any upgrades
Uplacemenn (Spain and additions referred
IO as Equipmear) for business purposes a* You agree to all of Me terms and conedow contained in Nis Agreement and any supplement watch toga isr an a completa statement of cur
Agreement mgardng Me reflect ellmpmanl(Ageemenfl arm supersedes any pureness Order or outstanding rwtica Thu Agreement may be notified only by wnM1m agreement antl not by course at par amerce Ths Agretmem Mcemas
vain upon exwutlan by us ant Siff begin an the rem went omen) dale ant wd gmimir. Iran Me het day al the lowerng..am fa Me Manger o1 eomme.M. mantles mown The Min.. M axes good aulanaawlty 1W suwwswa 12
much terms Amexyw send us Smash notice you do rotwrilll renewed at leaslnmety(90) days before The end olem term It arty provision or NSAgreamenlU dwlared umnforesabdeman/)unsctm ion Me oNerpmvlmns M1are.5M0
nmam in fall lame and *Nett In that junwictod ant a0 aNam
2 RENT Rant wel Ore payabl. Or entllmann earn In N. amount of the bask rental payment shown ads my applicable sales tax use lax plus 1112M of Me amount ea armaid by us to be Pon PIER
ant tax an Me Equipment fee each
Saw O1 Ns Agreement. You will pay the aecunly deposit M the dale you sgn Nv Agreement Subsequent andain ents cod be payable m Me lest day of emh An ral payment pored stow or aeginnner NO first amull payment PenhThe rent wyaMe Ior NB agna of rent CMMWSMWt area be prorated ham Ne monde, rmNi amount Sol Tom saws We No have ma tight to aFpN al sums received Imm you beery amAMend owed to w uMe, ma Wm. of
rots AWwmmL In the event ha Agreement to not Nay Completed he sewnry dpwtl wet be mTatwd by US To compensate us fee ou documentation aocesmlq and other amount Ills airy reon, MAT n returned for nagaymsnl
a 520.00 bad Mwk Merge, cod be a..ad.ed
3 MAINTENANCE AND SUPPLIES The charged established by NU Agreement Include payment for me we of IM dWgnated Equipment and =039odw maintenance (dung normal businessura) hapmmn adjustment partyreFlSpamen, drums and clearing mawnW requre l for Me proper cadmim as well as Mack toner and developer Paper must be Separately purchased by customer Color toner tam IaJudad In dea emmtcumMbaledkM toy II
dromi y Ne M. and supply pallor of Ns Ageemenl may M assgnad
a OWNERSHIPOFEQUIPMENT We are me Ownerof the equipment ant have sole bale to me equipment (excfu IN somwara)a WARRANTYDISCLAIMER WE MAKE NO WARRANTY E%PRESS OR IMPLIED, INCLUDING THAT THE EQUIPMENT IS FIT FOR A PARTICULAR PURPOSE OR THATTHE EQUIPMENTMERCHANTABLE YOUAGREE
THAT YOU HAVE SELECTED THE SUPPLER AND EACH ITEM OF EQUIPMENT BASED UPON YOUR OWN JUDGMENT AND DISCLAIM ANY RELIANCE UPON ANY STATEMENTS OR REPRENTATIONSMADEBYUSORANY
SUPPLIER WE DO NOT TAKE RESPONSIBILITY FOR THE INSTAl1aLT0N OR PERFORMANCE OF THE EQUIPMENT THESUPPLIERISNOTANAGENTOFOURSANONOTHINO THE SUP STATES CAN AFFECTYOUR
OBLIGATION UNDER THE AGREEMENT YOU WILL CONTINUE TO MAKE ALL PAYMENTS UNDER THIS AGREEMENT REGARDLESS OF ANY CLAIM OR COMPLAINT AGAINST SUPPLIER
0 LOCATION OF EQUIPMENT You Mp keep ant use Ne equpment onhy al your address shown abov//e antl you ages efJtYTo move it uMads xre egm/a to ILL Almme cod of Ina Ageam`enrs term y
ounau Nc Equpmant U e location
weePUtyatyautwpensa mrotalosaleabl0dermltlea fUOw Mngatlar andlncompnmrepair /GEE ADDENDum D/l'!CV
fill ll
1 LOSS OR DAMAGE Your are raspOrLs We Ia IRA Mk of boa or la arc/ dnVustlm of a damage m Na aqupmmt No avA Ws a damage Mwaa you from ma per Too abkged meta INL You agm b awlpW rotlry
us In w N oI any ass w damage ant y. weal man pay to os tlw Wr vaWe of me row m all under, renm paymanb far 1M hot rmW tan plot. th esrmawd tau market value of he E, M antl 01 me argMW edwtlUed
corm, ae aff ded at as pexiM,%,L) par yaw Amy pee al mwuaau cod Mpam to US ant swifts Maw optlm a,a arty boa a damage
B COLLATERAL PROTECTION AND INSURANCE YOU agna to keep The equipment fully Insured against loss with us as Iwo payee In an amount not leas than replacement coat until this Agmeare At Is lemhwted YOU also agree to
abTaln a Odnaml pmlk Ilebliity insurance porky from anyone wM10 Is aweptaCle to w arm to Intlude w Ore an Nwred on Na porky You agree to pawide uacenlllwtea Or QNar wmeme al lmuranw ace table Tom baton her A,w cot
b.gins or we wig uadl you In cur property damage coverage program and MII you a property, damage surcharge ad a moult of am 4veaaed ad sbabva cwb arm wank risk At. long as yw we cur am at ON Wne OI IRA mss(..h. tag
Iwse. nBu M hom at d God) tlw replecemml .We .(ma dominant wil of appltaE ag..M am Iona or damage as pee paragraph T YOU most M current to benefit hers the properly damage win hauge ptogmm NOTHING N THIS
PARAGRAPH WILL RELIEVE YOU OF YOUR RESPONSIBILITY FOR LIABILITY INSURANCE COVERAGE ON THIS EQUIPMENT
9 INDEMNITY We are not responsible for any look or Injuries caused by the Installation or use at rho equipment You agree to hold us honwso and reimburse us for loss and to defend us agalMt {ray claim for losses or Inpry paused
by IRA E SAXNAL
10 TAXES ANO FEES You agree to pay when her a0laaes (local dkg pwwnsi pfppant tax Janes end peroltlad) retaMg to IM1an Agfwmdnl a are Eplamml II cos pay airy of the above la yw you pBrea lb lanbuna w wet b pay w
a Pma"JN lac for own paymenlw r make on ywrbmall YOU also agree to pay w wry IKng Tow ed by alp Undom Commercial Con. mother taw and rWa ume us for aal c sin Involved In coTTplehg Qua mmkgW n Ym Nmw
agree m pay us 55950 on Me date me (last ranW.�aymenl y des to c er Ne axpewg5�ryt1 arrynati AWaemenL II the IOUI sum of Na payments exceeds ST5 000 me Ongmation toe will be S)9 50�
(i5e9ADDENDuwL DA E �n.0ER �!�%?
Il ASSIGNMENT YOU HAVE NO RIGHT TO SELL. T A FER GIGN OR SUBL ASE THE EQUIPMENT OR THIS AGREEMENT We may ..If assign or transfer NU Agreement MiroUl rotice You agree lM1ei It we sek assign a
Transfer Ns Ag..M, iM new Owner will Mve me vine Argo ant Mne0b tnel w eve now and will felt have to p dom any of ou oblgations YOU agree Nat the lights of IN new Owner cod cot b subject IS any claims wlafaws a
set offs her yw may nave against us
12 DEFAULT AND REMEDIES Ilyw do not paY any rental payment or other From due to US comer pent whin Am or If you break any of your promises in the Agrwmantor any other Agraemenlwllh a You Mll be In deterl. Jlamparl
So
OF a payment late you agree m pay a late Charge of 15%of Me payment whichIs laid a If less the Maximum chage plowed by law It you are ever in default we may retain your Security deposit anpmn M our ppwe can tSANmte a
ceder No Agreement and require Nat you pay (1) the unpaid balance of his cu Agreement (discounted at a%). (2) the amount of any purchase option m If none Is emended 20%of the original equipment a
,LTrSet which represants our anlkpered
nxldUW yer a In Ne equipmeM (3) aM mwm Nee Uipm.nl b us to a Iwadm designed by ds We may mover invest an arty unperd beraroa at art Oh 0%par annum We may also cos wry ai me remwfw ava0abl. tow under
Am S 2A of the Undom Commercial Code m enacted in het Slate of MpwwM or arty Other taw It w. refer Ilea AgmweM to m alders, Ior mhwWn ym agree w pay our nadonwW aaorn,y fee ant w M marl wets If vn Mee
to hake poaseveim a me ambement yw agree to pry me cast a1 rWmaenbn The net proceed..1 IN We of ant repw.adsed Equlpmete cod M P Nd apamsl Mint your ow. Us under IRAs Agreement YOU AGREE THAT WE WILL
NOT BE RESPONSIBLE TO PAY YOU ANY CONSEQUENTIAL OR INCIDENTAL DAMAGES FOR ANY DEFAULT BY US UNDER THIS AGREEMENT You agree Nat wry, delay or make to enforce a rights under Ne Agreement deals
not prevent w tram enforcing any Agnes at a later time It IF former agreed that your Mma, and rem.dles are ger arced exceuayery by this Agreement and you wawa customers right under Article 2A (5( 8 522) of the UCC
13 UCC FILINGS You pram us a .purity Interest In he equipment It Na Agreement Is deemed a Secured Transaction and you auM 1m us m record a UCC 1 Wading apiament or similar
lap to execute and dealer such IwTrumanl In order to vow Our N emst In ins equipment
14 SECURITY DEPOSIT The aocudry deposit Is tam htro.t thanng end Is to swum your performance under his Agreement Any security dart made may be applied by us to satnry any amount
pmmpgy resmm the Security deposit to its lull amount asset Term Same Il all Condlllonk herein are fully Compiled with and provided you have not ever bean In default of he Agreement per paragraph 12
to you ever me return of Me equipment In accordance with paragraph fi Fs
15 LAW This Agreement WI ba dsamed Wily exewnd and peAamed m ar Slate al Mlmoral L �up aWIONng by hS Owner and MY Ore governed by ant Moral In as and. Mm kiTlDbp�n I�w�
MR! yens of .f0' efts or federal Sur m No 518U of old eM wages right 10 Idol W fury iw a detm a actlan wUingout of or Mamq to 1. If!
a Na E p Y tlgJl of Ca
ee eaDo ($EE 14506 D(1N+ Ur4TED Oro /O5
18 UPGRADEOOWNGRADEPROVISION AFTER INCEPTION OFTHE AGREEMENT AND UPON YOUR REQUEST WE MAY REVIEW YOU COP vOLUMEAND POSE OPTIONB FOR UP
ACCOMMODATE YOUR NEEDS
17 OVERAGES ANO COSTADJUSTMENTS You agreater comply with any billing prwedures designated W w including noulyhg us of he meter reading at me ant of each manly At Ins end of the
each succwswe 1weNe meant peroa we may Increase the bat.. usage charge oar copy and the pee copy charge wee Me Was maximum by a maximum of 15%of The woadd mange S ZEE
FOR MUNICIPALITIES ONLY 1)A 7E
10A CUSTOMERCOVENANTS In. Customer a0mo.rms and warrants Mat (1) It has in accordance MN The requirements of law they budgeted and appropriated sutlkllent from For the current budget
to Come duo and to mast M other obligations under the Agreement and such Funds have not boon expended for chat purposes, and
(2) That Non is no Station and Graaewlno or investigation pending or Threatened In any court or other Tribunal or competent Jonestown spite or (warer or bolero any public boats or body which In or
dYNery at Ne Agnemmton Na edtlN al Ne Cuetamar tq make la Bew Peymenw (Ora set wlewvw (g) cannel wadeal me auNonry Jar Um execWm ordareary al wN.vaemad the AgrwmenLol
01 the Customer ndr I. Here erry Cast Fa enY such Sum suit Podeedag Orr mvsetlgain, ant
(3) That the equpment MIT be oadnred and changed by Me Customer and will be used for eee9nsel gwamment pmwm and wig to be S.Sonrtal lee the term of Ina Agaemenl
(a) Customer has nor prwlousry Iermhated a leads (Or tam appmpdabon ...act as spaduc.01 defended In a level app.nded herein
iaa SIGNATURES Each .,,nor (Me if monthly, payment exceeds $1 200) warrants that haOher is lolly conversontrelth we governing relevant legal and regulatory provisions and has Full power and Aug
to; Customer Iurlher wamaMe) it, govemm, Cody has Taken Me necessary sips Including any legal bed requirements under epplimate law to arrange for acquisition of the Equipment the approval a
wile ea manic able open remeng law. Oro that a nsoMton of Me gomening body or Customer wlhamm9 exwwm al Me Agraammn her base Any edoplaso and iweam, In full force ant saint
Ill C- NON APPROPRTATION IA lhfevenl Cuslorldula In daM011 MO., the AgsaSmaAtb.S.0----'---- -- -- -----
I Funds are not apPopnawd for a him period suMequenl to me ON b which IRA Agreement was entered Into which era Sua¢Iml to satisfy all at Customers obllgwone under the Agreement during
2 Such non werrwnallon did not result tram any cot o1 failure to act of customer
3 Customer has exhausted as funds legally evstable far all payment due under the Agreement and
C There is no other lager procedure M which payment can be made to Lessor
Than Prwttlad Nat (a) Cwldner has given L..... .TOM Memo of the Occurrence of paragraph I Wove IhIM (30) days poor to Such dcurrarce n) Lessor has received a wnden opinion from Cuatort
Ian (101 days NenwMn and (c) Ne J.uslomsr does not directly co iMnxay purchase Ieue Orr in ary way acquire any Sarciml a muipm of Sugar Marooned for hereunder UPm ramilmof Ne ewan
by LBssw al Customers asperse Los.. remadeea For such default shall be to temmate Me Lease at the end of the Fatal period during which mare is gwen mmm Iha advede nevment. A any Or
he Momment as Lessor in in a010 discrellon may desire without any duty 10 amount to Customer
it ant appang us your atmfney err
and by yw lawmen went your will
w swum, Awned MR be UFunded
10
prwely consent U Nmdkam
Ore olircomemmt lord.
RAGING OR DOWNGRADING TO
It year of No Agreeme ant once
IDD�9u.+�
ra�A o5 it to make the paymenn. Add
Toy wwld (a) rawafn or anlofn the
) ..,.at Ne..I .. Fond power.
cation to bind Crude.., SlgnaU)
execution has been In woomade
to Itwl Tobago
panel verifying An..are a wMln
If delivered w a beetlm geslryateg
Jr Sall Nspasa Of held .1..11m9
17565 - 06/07/2002
ADDENDUM TO AGREEMENT NO
BETWEEN US BANCORP As Owner and CITY OF FORT COLLINS, As
DATED October 11 2005
This addendum is hereby incorporated into and made a part of Master Agreement and any
supplements added thereto by and between CITY OF FORT COLLINS ("Customer') and US
BANCORP ( ,Owner") Customer and Owner agree that the above-ment toned Agreement shall
amended as follows and all other terms and conditions will remain in full force and effect
PARAGRAPH 6: LOCATION OF EOUIPIMENT-
Owner agrees to amend paragraph 6 of the Agreement In regard to the location of the equipment, the
Customer must be responsible for maintaining records showing the location of each piece of leased equipi
Customer will report this location to the Owner upon written request by the Owner Failure to do so shall
constitute a breach of the Agreement, which default shall be governed by the terms and conditions specitu
paragraph l 1 of the Agreement At the end of the Agreement's term, Lewan &. Associates will return the
Equipment to a location we specify at their expense, in retail resaleable condition, full woikaig order, and
complete repair
PARAGRAPH l0: TAXES AND FEES:
You agree to pay when due all taxes (including personal property tax, tines and penalties)
relating to this Agreement or the Equipment If we pay any of the above for you, you
agree to reimburse us and to pay us a processing fee for each payment we make on your
behalf You also agree to pay us any tiling fees prescribed by the Uniform Commercial
Code or other law and reunburse us for all costs involved in completing this transaction
PARAGRAPH 15: LAW:
This Agreement will be deemed fully executed and performed in the State of Colorado
upon signing by the Lessor and will be governed by and construed in accordance with
Colorado Law You expressly consent to jurisdiction and venue of any state of federal
court in the State of Colorado and waive right to trial byjury for any claim or action
arising our of or relating to this Agreement or the Equipment You waive tight of defense
of inconvenient forum
PARAGRAPH 17: OVERAGES AND COST ADJUSTMENTS:
You agree to comply with any billing procedures designated by us including notifying us
of the nietei tending at the end of each month At the end of the first year and once each
successive twelve month period, we may increase the base usage chatge per copy and the
per copy charge over the base minimum by a maximum of 5% of the existing chai ge
Agreed to this 1 lit' day of October, 2005
US BANCORP
(Ownei)
By
-- -- --Ti"tle --- ---- -- —-------- ---
City of Fort Collins
(LESSEE)
By '
T a
rn
,400 R15 K M i9/vd6, /141=N
PAGE l OF l
U S Bancorp Business Equipment Finance Group
1310 Madrid Street Suite 101
Marshall, MN 56258
Phone (507) 532-7755
Fax (800) 328-9092
Agreement# All Current and future lease agreements and supplements
e�-It `/ DF CDR i as Lessee AND U S. BANCORP
BUSINESS EQUIPMENT FINANCE GROUP, Lessor
The undersigned hereby certifies that all equipment described on the
lease agreement noted above is fully protected against loss and/or liability b the
self -insured status of lessee If a loss should occur, U S Bancorp Business
Equipment Finance Group's interest will be protected fully However, as we are
covering the equipment until receipt of this letter, any charges incurred prior o
the receipt of said letter will be due and payable This letter needs to be se t to
the above address to my attention
Lessee will contact Lessor in writing 10 days prior to changes in regard to
insured status
DATE /0 // h"5-
LESSEE G'1TY zF �D�i^DLL1N5
SIGNATURE
TITLE nl R FOR DF PvReNASi�vG
f}-N D R) 5K A41,JFt4 EN i