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<br />CITIZENS.B"ANK
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<br />TEL:7134288141
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<br />Jan 25'94
<br />e.
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<br />10:44 No.013 P.02
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<br />ASSIGNMENt' OF LIENS
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<br />THE STATE OF TEXAS X
<br />X
<br />COUNl'Y OF HARRIS X
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<br />WHEREAS, on the 3rd day of February, 1987, BAYFOM' AVIATION, I~., a
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<br />Texas business corporation, did execute and deliver its certain pranissory
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<br />note described as follows, to--witr
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<br />One pranissory note dated February 3, 1987, for the original principal
<br />aJIDI.U1t of $350,000.00, bearing interest at the variable rate of 2% per
<br />annum above the pr.i.rne rate as described in said note, due and payable to" "
<br />the order of Bayshore National Bank of La Porte, in IIDnthly installments of
<br />$4,821.25 eaoh, includinq principal and accrued interest, the first suoh
<br />installment of $4,821.25 being due and payable on March 5, 1987, and said
<br />pranissory note finally maturing on February 5, 1997;
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<br />and which said note is secured by a Security Agreement of even date with
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<br />said pranissory note, whereby BAYPORl' AVIATION, I~., hereinafter in this
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<br />description ~f co~lateral called "Debtor", granted to BAYSHORE NATIONAL
<br />BANK OF LA PORTE, hereinafter in this description of collateral called
<br />"Secured Party II , a security interest in and to the following property,
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<br />to-wi t:
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<br />ACOOUNrS: All accounts now awned or existing as well as any and all
<br />that may hereafter arise or be acquired by Debtor, and all the proceeds and
<br />products thereof, including without limitation, all notes, drafts, accep-
<br />t.ances, instruments and chattel paper arising therefran, and all returned
<br />or repossessed qcxx1s arising fran or relating to any such accounts, or
<br />other proceeds of any sale or other disposition of inventory;
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<br />INVEN'lORY: All of Debtor' s inventory, including all goods, merchan-
<br />dise, raw materials, goods in process, finished goods and other tangible
<br />personal property now owned or hereafter acquired and held for sale or
<br />lease or furnished or to be funrlahed under contracts for sexvice or used
<br />or consurred in Debtor's business and all additions and accessions thereto"
<br />and contracts with respect thereto and all documents of title evidencing or
<br />representing any part thereof, and all products and proceeds thereof,
<br />including, without limitation, all of such which is now or hereafter
<br />located at the following locations: 10615 West Main Street, La Porte,
<br />Texas 77571, Harris County, Texas, or wherever else located;
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<br />FIXTURES: All of Debtor's fikt.ures and appurtenances thereto, and
<br />such other goods, chattels, fixtures, equipnent and personal property
<br />affixed or in any manner attached. to the real estate and/or building(s) or
<br />structura(s), iooludinq all additions and accessions thereto and replaoe-
<br />nents thereof and articles in substitution therefor, howsoever attached or
<br />affixed, located at the followinq locations: See attached Exhibit "Aft for
<br />legal description. The record owner of the real estate is City of La
<br />Porte;
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<br />WUIPMENT: All equi.prent of every nature and description whatsoever
<br />now owned or hereafter acquired by Debtor including all appurtenances and
<br />additions thereto and substit.utions therefor, wheresoever located., in-
<br />cluding all tools, parts and accessories used in connection therewith:
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