HomeMy WebLinkAbout2473 a~~+ " `
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~ /1SSIGNMENT OF COLLATERAL ~ ~ ~ ~ . ~ '
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FAR1~F3 PIiQ~1CTI0N C1tEDIT AS.yOCIATION ~
atoes caUod Laader) has ag~~eed -to m~ica advano~ to ~Y L. Ruclcs and Edith M. Rucks
' --0NB HUND~iSD ZW~1TY FOUR 14i0US1WD AND NO/100--~
(herelositar caUod Bomuw~es, ~vbether ooe o~ more), in tbe amount oi ~
~ ~s 12lt,004.00 ) pollus. evideaoed by note(~) dated August ~ y~ ],96lt. E
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. a~cecu~ed by Bosrower to I.enda; ~
THERBFORB~ tbe uadera~igaed. ia a+der to ~ecure tl~ repayment of :aid note(:) and any addtttonal sd- F
~ vaaoa that msy wb~equeatly be made w Borrower by Lwider, to~ be evidenoed by promisso*y. uote(a). aa vaell u ~
all renewals and erteaaions thareot and a!'o all otber iadebtodn~s ot Borrower to Lendcr~ now aad henafter wc- '
~8• P~8a. ael~a and conv~ys unw I.ender, its aucoessors and assigna. as oollateral ~
~xurity tberefor, all the righta, dtle aad interat of the uadersigned in and w tha followin8 descn'bed PropertY. f
t~ wit: ~
; 695 aallons of riilk Base as Assigned and recorded by the
~ ~ • Independent Dairy Farms l~ssctciatioa oY Ft. , T.auderdale, Florida
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~Rr ~n~rPS ~N T?It ~rou~r! + ' ~ ~
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! p~ s MA1![ BfEN PIACE~ ON tXISTiN~ - ,
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NOTE9 sECUREO NEREBY. _ • •
; fA P YCTI ~tEDIT ASSN. OF S fLA. ~
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' p~n G -sr ~ -~~~,0~..~•~~~v~ .
6ot whic6 atb~titution of Otbes :ecauity? Of Oqt~al eatne arhl b0 IDadO trOm t~n0 t0 dt1~0 ~vk11 d10 COa~eat ald ap- . .
proval of L.eadex, its snoasaan and au~u. • - -
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' 1~a tunde~si~nod a8~+ea tLAt I,eader. ite mooes~oes and aa~go~, upon de~anh ia the paynosat ot aay not~(s)
~ewred ~c~eby or the intecast the~n aa it beoomes dne, ahall hav+e the right, po~w~er aad uithoritS? to ~Ii, assig~n ~
~ and deliver the wbok or any part of the above descn'bed oollateral s~d~. os sny wbstit~tions therefor or sddi- .
' tio~s thereto, at any public or private aale, or oa any broker's boara oi e~c~ange. withont demand, upon the fol- ~
bwiag eonditana: if t6e aale is held in Georgia. without advectia~auent or notloe; if tbe ~ale is bcld in Nottb Caro-
. lina or South Carolina, to the lughat bidder tar c~sh, after giviog fivo dan' notka d wch aak by advertisemeat .
oc notioe poatod at such public places in the oounty wherein the ~d coUatexal mcuritiea may be bcatcd at the
~ time ~ such sak ~ may be most oonvwient to the Leader, its s~on and ats~, one oi which plaoes ahaU
be upon the oourthouae door of said c~ounty; if the sak is hald ia Fiorida, upon 8~vin8 tea days' notia ot anch sab
Go the P$~Y P~8 the above deacn'bed oollateral sawrities in sooordana with the provisions oi Section 685.02 -
` Florida Statutes; and upon aaid aale the I.ender. its suva,ssora or assi~ns, may booome the purcbaaer of the whob ~
~ ~~Y P~ oi wch oollateral sxnritia. froe irom any right of redemption, and no notioe oi any adpnrnm~nt of
any wch ula shaD be neqnirod. In c:ase of a~h aa~, after deducting alt kgal and other ooats and ezpensa of ool-
j 1c txion, sak and deLiv~ery, I~eader, ib wooasozs ar a~na, may apply the raidue oi the prooeeda oi auch eoUeo-
ti~ or :ale warard tl~e paymeat of ~id notes, and ury balana oi the prooeod: of the :ak, after prymeat in foll .
~ of ~D 'mdebtodne~ to L~ndcr, its sovc~saon or a:aigos, aa rep~escated by wid note(s), may be applied W a~t otha
u~eb~ o~ Borro~rer w I.ender thea due or to beeoma due w the holde.r or owner of ~aid no~e(s) aa rvell
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~ . to :the paym~at of all carcY~B ~~S ~ ~u~~0. ~m8. ~~8
~ = rtt~rniqB: the oveiplua, if a~ry, to tbe undersig~ned, who agrees tu be and remain liabk to L.e~der, its ~ooe~or: or
~ = ti; assegns, fot an~r de8cieac7? ari:in8 aftar wch :ale. 11ie ander:igood w~il bear all reaaooabk expensa and all loss ~
i : oocaslohed by a conna.•ted with tbe tr~nsmission of t6e oollater~l plodgod Lereo~er to and irom u~y endorsea .
` ~ - =or ~aasipec oi .~ai~d note(s). .
i ~•-Tbe .u~er:igaod further agroa that upon tranater cf aaid note(:) the I.eader, in ~saors oz assigns, may -
( deliver tlie oollateral held beramda, _ or aay part thenof ~nr interesf theriein, to tba trsnitera, w5o ~all th~fpo~a .
i ba:ome vestod with all t6~e powets and rig6ta h~reby givea in.respoct to aach collateral :ecurities.
~ T6a povvei: oonfetrod berein ara oouplcd with an interat, and sball. iremaip in iWl ~ foroa and e~e~ and be
; irnevocabk by tbe nnder:igaod, tbe deat~ of tbe underaig?od. or the eucwtor; adminiatr~tor or ,ass~gus ~i the oa- -
: aersignea, un~ the indebt~u w I.ender, its ~ra e?na a:s~s, securea~ h~y, ~an be a;~6a~ea ana
~ ~ Pud ia iuli. ~ • . . ~ , . . .
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; Eiecuted, ~alod aad delivered, thb ~ ~y ~ August 19 ~
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~ ~i~e1i M. Rt~lce F.1~i.G yn . !P (SEpL) .
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