WE ARE SENDING THIS NOTICE TO THE FOLLOWING OTHER PEOPLE WHO HAVE AN
INTEREST IN (DESCRIBE COLLATERAL) OR WHO OWE MONEY UNDER YOUR
AGREEMENT:

(NAMES OF ALL OTHER DEBTORS AND OBLIGORS, IF ANY).

(4) A NOTIFICATION IN THE FORM OF PARAGRAPH (3) IS SUFFICIENT,
EVEN IF ADDITIONAL INFORMATION APPEARS AT THE END OF THE FORM.

(5) A NOTIFICATION IN THE FORM OF PARAGRAPH (3) IS SUFFICIENT,
EVEN IF IT INCLUDES ERRORS IN INFORMATION NOT REQUIRED BY PARAGRAPH (1),
UNLESS THE ERROR IS MISLEADING WITH RESPECT TO RIGHTS ARISING UNDER THIS
ARTICLE.

(6) IF A NOTIFICATION UNDER THIS SECTION IS NOT IN THE FORM OF
PARAGRAPH (3), LAW OTHER THAN THIS ARTICLE DETERMINES THE EFFECT OF
INCLUDING INFORMATION NOT REQUIRED BY PARAGRAPH (1).

(7) SECURED PARTIES SUBJECT TO §§ 12-115, 12-624 THROUGH 12-627, §
12-921, OR § 12-1021 OF THIS ARTICLE ARE NOT SUBJECT TO THE PROVISIONS OF THIS
SECTION.

9-615. APPLICATION OF PROCEEDS OF DISPOSITION; LIABILITY FOR DEFICIENCY
AND RIGHT TO SURPLUS.

(A) A SECURED PARTY SHALL APPLY OR PAY OVER FOR APPLICATION THE
CASH PROCEEDS OF DISPOSITION IN THE FOLLOWING ORDER TO:

(1) THE REASONABLE EXPENSES OF RETAKING, HOLDING, PREPARING
FOR DISPOSITION, PROCESSING, AND DISPOSING, AND, TO THE EXTENT PROVIDED
FOR BY AGREEMENT AND NOT PROHIBITED BY LAW, REASONABLE ATTORNEYS FEES
AND LEGAL EXPENSES INCURRED BY THE SECURED PARTY;

(2) THE SATISFACTION OF OBLIGATIONS SECURED BY THE SECURITY
INTEREST OR AGRICULTURAL LIEN UNDER WHICH THE DISPOSITION IS MADE;

(3) THE SATISFACTION OF OBLIGATIONS SECURED BY ANY
SUBORDINATE SECURITY INTEREST IN OR OTHER SUBORDINATE LIEN ON THE
COLLATERAL IF:

(A) THE SECURED PARTY RECEIVES FROM THE HOLDER OF THE
SUBORDINATE SECURITY INTEREST OR OTHER LIEN AN AUTHENTICATED DEMAND
FOR PROCEEDS BEFORE DISTRIBUTION OF THE PROCEEDS IS COMPLETED; AND

(B) IN A CASE IN WHICH A CONSIGNOR HAS AN INTEREST IN THE
COLLATERAL, THE SUBORDINATE SECURITY INTEREST OR OTHER LIEN IS SENIOR TO
THE INTEREST OF THE CONSIGNOR; AND

(4) A SECURED PARTY THAT IS A CONSIGNOR OF THE COLLATERAL IF
THE SECURED PARTY RECEIVES FROM THE CONSIGNOR AN AUTHENTICATED
DEMAND FOR PROCEEDS BEFORE DISTRIBUTION OF THE PROCEEDS IS COMPLETED.