OWNERSHIP OF GOODS
All covered goods are received and accepted by
warehouseman on the express representation by depositor that depositor is
lawfully possessed of and lawfully authorized to store all of the property
referred to in this agreement, in accordance with the terms and conditions set
forth in this agreement. Depositor hereby agrees to indemnify warehouseman
against all costs, expenses, and damages, including reasonable attorneys fees,
that warehouseman may incur or be compelled to pay in connection with any
dispute or litigation with respect to rights or interests in the covered goods.
Such costs, expenses, and damages shall be charges with respect to the covered
goods subject to warehouseman's lien.
Depositor hereby represents to warehouseman that
depositor is the owner of the goods covered by this agreement and that, other
than the following, there are no liens, mortgages, or other encumbrances on the
goods: ______________________________
_____________________________________________________________________.
Warehouseman shall not be required to recognize the
transfer of title to any goods stored with it or under its control unless
notified in writing by depositor. Upon such notification, all charges due at
the time of the notification on the transferred goods shall be paid by
depositor.
