You are authorized to repossess the collateral described above. It is understood that you will act as an independant contractor while making such repossession, and we reserve no right to control and direct the manner in which you perform the services for us. The time, manner, and method of performance of such services shall be determined by you. We will pay your usual rate, fees, and expenses for the services performed in this connection, and will notify you immediately of settlements made by us so that the repossession should not be carried out. If we cancel the repossession before you recover the collateral, we acknowledge we will be charged a close and/or cure fee for your efforts. We agree to protect and hold you harmless from any and all liability or every kind and nature imposed or sought to be imposed upon you as a result of any negligence, error, or omission in our part including employees and/or agents. We hereby warrant that we are entitled to immediate possession of the collateral described and that the debtor(s) are in default of the security agreement (contract).