COMMERCIAL SECURITY AGREEMENT

# 2010-133
NON-NEGOTIABLE NON-TRANSFERABLE
-
Page I 0f 6
FILED FOR RECORD

Parties

DEBTOR

Y^ouNG, MITCIIELL BRADLEy, oRGANTZATIoN, TRADE MARK/TRADE

NAME (and a[ derivali\ cs rhereof)
509 COUNTY ROAD 2096
LIBERTY. TEXAS 77575

Social Security # XXX-XX-6t53

Secured Parly

Mitchell B. Young (and all derivatives thereofl

C/O i09 County Road 2096
near [ 77575 ]
Liberfy. Texas

AGRf,EMF],NT
This secudty Agreement ("ACREEMENT") is made and entered into on
December l4th 1946 by and belwcer lhc'real man' Mitchell B. young
(h(reinaRer krown as Lhe Secured Partl t and
the Jufljli( P(rsorustra$man Dumm) corpofation l\l|TCHE-LL youNc,
nuri.r" iix-ix-iri:. ""'- "' ""'i-=_
oRcANlzATtoN BRADLEY
hereinarier kno$ n a5 Dr BroR}sociar sccur;r1
{
_ ,,--2'
NOry, THEREFORE.it is hereby agreed as tbllows:

In consideralion for the sccured Partv aqreeing to provide ceftain

collateral and goods, identified hereinbcloN. ancl certain accommodations to the
Debtor including' but nor limrte'<1 to. allJwingjrt. blgron ,o u"t * for the purpose ol rransn)itting commercial
"corn,-,"r"iatactivity for the
benefit ofthe secured Party to the extent that the context otherwise "" "gl*, "t'irir.a
r"quii"a. ii,. ttr".pu.pose oiconduct;n-e tLafiilfn
pipelin for the transmission of goods and chattel properfy and paper: activity, as a
anl, as securlty
Debtor to secured Parry' Dbtor hereby grants to-seiured i'arty for uuiuoute
tr
payment 01'all .uni, du". o, io l""o,ne du. or owing by

hereinbelow and agrees to provide to Securid Pany the rndemnification

a secudh inrerest in ihe collateral descrjbed
;i;" "onsioi*tion
Bil ;;;;;t"d,;: ,:;,;.;; rrre 'i'nceuteaness and agrees
thall have the rights stated in this Agreement wit ,"rp."tio trr"
:Tiff"ttTtt"l*t "orrut"rur
in uaoition tu ,,ri nit'"r'.t-gt t ,h"t s..ur"o Furty

The security interest grallted herein secures any ancl all indebtedness
and liabilities, whatsoever, owed by Dcblor to secured party whether
indir-ect' absolute or contingent. due or lo beiome due. norv direct or
existlng ot h"..;ft", *iring und ho*soeu". r:nlJra"u.iq, interest is also
glven to secure any other debts which may be owed by Debtor
to Secured party lrom time to time as stated "ui.lo,..r.
h.rciD l)clow

cor-r-nrennr-
I
AII Accounts' contract Rights. chanel Paper. General lntangibles, Inventory.
Equipment and Fixlures: whethgr owned nolv or acquired
later; all accessions. rdditions. replacernents, and substitution;-all
records of ariy,kind ."ruting to unf,,r:ir.," i,r"gli"gluu p,o*"as (including
tnsurance' bond general intanPibles and accounts p.oceeds). togerher with
improvements, wa)is, streets, alleys. -runiar., -' all'the other reiand;;,i";;i p;G;;l";th alt and.singular the
pu..ug".. ,uli"rao u.r"r, rights, libel.ties" privjleges, hereditaments. and
.drivewayi.
appurtenances' whatsoever thereunto belonging, or in.any wise
appe(aining. and the rev"ersions oncI I."n,ii,.,,teri-r"ents issues and profits
thereof" and all estate right. title. interest. propgrty. claim and demand
whatsiever ofthe said Debtor. in la\'. equity, or otherwise however,
of. in and to rhe same and even, narr ihereof incl;ding but not timitea
to itre iottowing; Certilicate ol.Birrh cloc.,Li6iny county Departmnt
of Maternity Libertv Te\asl iit" * lgs' birth #1488;, Texas st. e"*";;ivit"r
statistic3 #1685t6: r'".0, oriuJs Lic. +o 6733.752; Liberty
county; and all documents and/or inslnrments created using saicl
license numter; Social Security # xxx-xx-6153; and all documents
instruments created using said Social Serurity Number ani and/or
all proceJs ffr"r""i DEBTOR,S IJCC Contract e""oun,r, U. S. Treasury
Accounts and all proceeds thereof': and all documents and/or instrum"nts "ff
using saia Social Securitl' Numbcr. and all proceeds thereof used
"re.rt"J
I
 within said rreasury Accounts' ofDEBToR's oRGANIZATIoN,
corporations. brsiness trusts and trusrs. -si;"k
Rear Estate Location; Town or city:
Hardin; counrv: Liberry: stater T*Tj AqqT-r-r: j02 c*"t"
nJ'zosi, rinighrs Forest n*a, i."^., M, 18254; Land patent No:
2010000948; Quick clain Deed Noi ) oooag49; n"op"rty in'rlo,
is254; Date Recorded: t/19/20i0: Name of owners and/or
Lienholdersi Mirchell B. young/.toshua-B. young/Kelley D. you"ng,
Wiff. o. lnheritances: will of ..E. l]. young..; Social Security Number:
XXX-XX-6151: Passport No: 13525:226; llami: t-USA-youngiVit"f,.ff_Aru;f"y;
Country of tssue: it"iiJ i?"L, of America; l,,Vehicte
Registrationr Make: Dodge; Modelr Ram pick-up tnick; Yean 2606;
ti;
city: Liberty; county: Libeftv: state: Teias; name of ownerls;: Nlet-iiu" ll",
i.;. No # : eD7Kli26c66c2:ozo+, ei""" n"gistration: Town or
"r 97759641: plate
14600040453101603: Registration:
4xNl D: 2"d vehicle Registration: Make: ford: voaet: ncnger No:
fict-ui,*.t, v.or, 2008: Vin t.D. N" jlTir'v'riq+rrspA393?t; ptace of
Registration! N A: County: \ A: Slate: \,A: Name of O" *i.1,'N,e, 'f
itf" l\o:..14610019J91 t025 t4: Regi\tration: N A. pla(e No: N,A;
vehicle Reqistration: Make: Harlev David-son; Model: motorcyci"' Jd
v"lr, jbos, vin I.D. No #r I r-rD l Llxi riivoizo6z, pr"""
N/A: countv: N/A; state: N/A: Naine of. l/,q; riti! No, Nle; n"gi.t""tion, N/A: ptate No: NiA:,lih t;icte Registration:
"rRegistration:
Make:
utilily trailer; Model: PT-8-2000: Year: 1998;
^ownc.(s):
vin l.D. No #: lPgusosi'l wir Bl25; prace of Registration: N/A: co'nty: N/A;
Name of owner(s): N/A; Title No: N/A; Rgistration: Nle; plate state: N/A:
Noi r.lle; Personal property: 2004 Kubora tractor, nodet #500
#10292' serial#0413047111: 1977 celtic nobil-e home 68 X L2g00 F
r+. io +ril:-id crzzoz+: IssT l-iicoin ,r"ir.."."a"i'sa-zoo-E
398494; Bank & savings; Acct No: xxxx xxxx-00-40: eanl r62. seriar #A-
t'lu,ne: Liu",ty county Teacher"s l:cdenl credir union; Name
Mitcheil B Young; Acct rype: savings; Postal on Acct;
Addresses:
"lo:ol
c"r"f noao 2096, Liberty Texas 77575: p.o.llox 394. I-lardjn. Texas 7756i

INDEMNITY CLAUSE
Knorv all men by these presents, that I' MITCHELL BRADLEY YouNG, (DEBTOR). am held iir.nrll, bound unto Mitchell young
(secured panv) in rhe sum o. ore.enr B.
corarerar varues and unr: a.oi, ro,*r"iffi; ;; ;;;: ,,, ,iii i.;:;;r'"*. rhe commerciar
Transaclions and Inveslmenls otarnrcwict iottat...i;t';;;.;r;i ",
;;orlunli,n;r.c Amounr {$ | rrJ,rrrredr jawr.ur rnone)
"r, olrhe r niled
states' for th payment of which. well and tru ly be made. I
biJ ;tr;li .; heirs. executors, ua,,,,'in i.rr,,,,,,l l J,r'lrd pany assigns, .jointly
and severally and fimly by these presents.

The conditions ofthe above bond is. that whereas the collateral
described hereinabove.and utilized lilr the puryose of rransmitting goocls
commercial Activity by the Debtor are in pursuance ofth" stutute. in
in ,u"h ruu", provided ancl inclcntLrred to the secured party by
which indenture the said Debtor covenantedio do certain things
a, .iu,.O i,iir,i,"u."
ogr".,r,"nr.
The condirions ofthis obligation are such lhat if Party suf'fers any loss of vested Rights in rhe said collateral property
Losses due to debts claimed against the aforesaidllclled
cottaterat eropety, o.inJ o.t,o. who bi;ds himsclf b) ,rr;.
or Monetary
pavments lion Debtor's U S Treasury Accounts. to make advance
established r,io*'ivr', eMF,"iRop. ffiii,".pil,r. "trig",io" *.renr)
to any and all who make debt claims ;gainst any oittrc corlaterai ,. n"ii"ll"i,u,,,0 accounts
or-v.r,J nigr,u in saia coltaterll ,,, s"i","cl p*y. rhis obligation shall
bind the Debtor in arr respects. to ruty and f'aitrriurry co*p1u *itn
ui uiir,li-o"ui. p,oui.ion. or tu*.
This bond shall effect as ofthe date hereon and shall remain
in full force and cffect until the surety (sccure.l party) is released
by the writlen order ofthe UNITED STATES Governmen, from liabilitv
lurther ljabilitv hereunder br deliver'within tlirty ""4
pt""io"J ti"i,'e
Debtor may cancer this boncr at any time and be relieved of
1:0) days
liability incurrdd or accrued bv Dehtrir hereuna", prio, to tt!
iriti;;;;;;" rhe secured party. such cancellition shall not effecr anv
t",mi""ii"" or:*ia riuy 130) day period. Thc Debtor wiI promptly reissue
*" *o orthe thiiv (30) dav period io, u,' un''o;;;;;;;i il'o"r'g";ut", *,un 1.,. vaiue ol this insr^rment a
lilXj:?* unress the parties asree

The Debtor (lndemnilying Party)' without the benefit ofdiscussion

or division, does hereby agree, covenirnl and undertake to indemnif,
and hold the Secured Party (tndemnified parry) harmless Aorrr defend
and a;uin;;;;; and.all claiis. f"*"r. Li,,frifi,i", inrerests and expenses
(hereinafter refened to as "claims" or a "claim;j
incluaing. *itrl"ri r"rii"ii"r, legal costs, interests. p0""rii". ""ru.
lhe secured Parry arisinp as a r(sull ol lhc.stturco n"., *ttred or incured by
e*i 1rr
i1e ir. o.tr;;;i "'n;;.r",".
Debror includ ing' u ilhour inan)\\ayreslricring.rheg(n(raritlorth.tbregoinga'mounLor\ingb)
\ irh respecL ro ",ro
irr\ r,,in or generar indebLedness or the
i,.b.rr,,,,rr,".ii"ai"ri
The Indemnified Partv (secured Part\'/surety) shall promptly
advise the Indemnifying party (Deblor) ol'arl cl?rim
full details thereol ancl provide the same with
.including copiei of any documcnt.
(secured Partv) The Indemnifled Party
;";t.r;";l;;;".;;;; or a.tron received by or scNecl upon the Indemnified parrv
isecured. Party) shail t'"liy \rirh rhe tndemnil)r,g Pnn; 1o"uto;i ;;;'li::,ilill,
negotiations or other proceedings relating to any claim. """p"*t"

OBLIGATIONS OF THE DEBTOR

Debtor warrants and covenants to Securd party as follows:

a corporation, business trust or trust which is duty organized. validly eristing. and in good
filr"jir"t$J[lt,"Debto,.is standing under the

AUTHoRIzATIoN' The e\eculion' clelivery' and perfbrmance ofthis Agreement

by Debrors have bccn duly authorized by all necessary
unvog'""'"nto,oir,",i"ii'"'i""'ii"ri"suponDebtoro,.(h)anl rarv.governmentar
::ilX:#: :,":li::'lil,lliiJili;,l?) regurarion.

PERFECTIoN oF sEcuRtrY INTEREST. Debtor agrees

to execute such financing.statements ind 1o take whatever other actions are
requested bv sccured Partv b Derre- and continue Securid p"t,l,l i"","u i" irr";^;I,;...,'Ji ,il;;u,,J.i'Ji illii.o party, Debtor
delircr to Secured Panl an1 and ,rr or rr'. aocrr""t'
.i;;;;.;;a';*:;l;ili',1! tn. cottrt.rut. wi,
and r)tr r,,r \\ iI nore s(cured panr.s inreresr
2