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Home My WebLink About0155 ~ ALLIED CONCOR~ FINANCIAL CORPORATlON ; INtAwAR~ i~~t )~t,)p . SECURITY AGREEMENT-CHATTEL MORTGAGE ~ cus~ro~~~~t _ William F. Cart~r and JoAnn McMtullen Cart~r x"°,b°~ '706 N. 7th Street C'cy~, Ft. Pierce cOO~,int Lucie s`ace Flarida and 5trnct Zone af at > , f:;se busineas a~dtess) Numbe~ 1445 ~tidg?aoad Dx~i~e City, Au~tiBta Coun~C11WOAd State (380 a and Street Zone of oC (Reslder.ce address, ~ncludln7 county, it iri dtfterent Caunty) ~fORT~aGEE: ~llied Cuncord Financial Curporation (Delaware) 3075 W'ilshirc Boulevard Los Angeles, Califomia 900US 1. Purcfiasr Price of Equipment 5, , . , , , _ , N'orking Capital Luan . , . . . ~F ~QQ~~~ . , , 3. Filing fees _ ~~~9~ 4. Amaunt financed - Total (sum uf 1, 2, and 3) s, 6f2~~~. 5. ~mctiunt oi finance charge (discuunt) _ 1• 6. Total Payments Due (sum of 4 and 5) S, ...,~~~5!~, 7. Customer agrees tu pay the amount in line 6 in..~....equai cunsecutive monthly instaiments of s.. ~~1.!~5 ...each (the last instaiment to be the then unpaid bal- ance) on the same day of each mumh, commzncing BID~tST 1 , 19s~,~. .all payments shall be made at ~turtgagze's otfice in Califumia. "I'hz undersigned Customer w~hose name and address are shown at~ve has borrowed the aggregate smuunt shown in line 4 from Allied Concord Financial Curporation(Drlaw~are),(hereincalled"~kxtgagee")at its General OfCices in Lus Angeles,Califomia, and is using the 3mount shuwn in line 1 tu pay the purchase price of the medical and related equipment described below simul- - tane~zusly being purchased by the Customer. Customcr herebyauthonzes and directs \furtgagte to pay such amount to the seller of the equipment. 7'he portion of the amount borrowed show~7 in line 2 is a uorking capital luan madr tu Customer by~tortgagee. l( any instaimznt is not paid w•hen due, the \lortgaget may assess a iate payn~ent charge un such instalment of Five Ik~llars (55.00) or one ~er cent (1 per month oi the amount delinquent, whiche~•er is greater, which amount Customer agt~es to pay, where not prohibited by local statute. To secure the foregoing, the undersigned Customer does hereby grant tu \lortgagee and its assigns a security interest in and dues hereby mortgage to \k~rtgagee the Equipment simultaneousl~ being purcha~ed b}~ Customer, µhich is described as follows: (Show manufacturer name, serial and mudei numhers, etc.i s~ scx~nttt~ ~~a~~ aTrac~n eomplete w~ith all present and future attachments, accessczries, additions, and replacements, (all hereinafter collectir•e!y re- ferrtd to as the "Fquipment"). "fhe Equipment shall be kept at the CUti(OfllCf'S address shuNn abuve and shall not become part of the real estate and shail not.+ithaut ~brtgagee's consent be removed frum such address above except fur temporary uurposes. ~ Customer warrants and represents that the Equipment is and shali be kept free from ali liens, claims and encumbrances except- ; ing for the lien of this instrument. Customer shall pay promptly when due al! taxes, license fees, assessments, and charges on the Equipment. The E~quipment ; shall at all limes be st Customer's risk. Customer shall keep the Equipment insured for the full insurable value thereuf against fire w~ith zxtended coverage and against such other risks as \tortgagee may specify, in insurers satisfactory to ~tortgagee. 5uch ; insurance shall tx payable to 4lortgagee as its interests appear, wiih a standard mortgagee's or Long Form Endorsement. If Custamer fails to pay any instalment of the foregoing Security Agrefinent-C'hattel \tortgage when due or braaches any of the other terms hereof or any other obligation to ~tortgagee, or iPCustomer becomes insolvent ur ceaszs tu enga~e in the practice ' of his prefc~sien or if the E.qUipment be lost or scereted or uestroyed, ~r if any attachments ~:r judgments be levied against the Equipment, the fozegoing indebtness or any other indebmess then owing by Customer to \tortgagz~ shalt ac the aptiun of the \tortgagee and without riotice become due and payable Corthwith. ~lortgagee shal! then have ali oF the remedies oC a secured party under the Uniform Commercial Code it then applicable in the state wherein the Equipment may be, and also, to the extent permitted by law, 4lortgagee may with or without lega! process enter any premises where the Equipment ma~~ be; teke possession thereof; szlf the Equipment at private ot ~blic sate, in bulk or in pazcels, u~ith or without notice, without having the Equipment ~ prescnt at the place of sale, and Stortgaget may bid and purchase at any such sale. The proceeds of sale shaL' first ~c appiied ; tv the expenses of settling of ali liens and claims against the Equipment and ali costs,charges, and expenses incurred in tak- ing, romoving, hoiding, repairing, and sel;;ng the chattcls and tor a reasonable sum (15 ~ oi the amc~unt then due if permitted by law) as attorney's fees and then to pay all surns remaining unpaid h~reur.der. Any surptus shall belong ta Customer. Customer agrees to pay any deficiency (orthwith. i1'aiver of ~~y default sha11 not be deemed a w~iver ei any other or suhsequent d~fault. `turtgagee may conect patent errurs and (iIi in blanks as to serial tyumbers or otherwise. All notic~s from ~lortgagee to Customer shali be sufticiently given if mailed or delivered to Customer at Customer's address shown above. ThisSeeurityAgreement-Chattel .kntgage and the ttansactions contemplated thereb}•shali not t7ecome effective until accepted ~ by ~ioregagee in Calitornia. The laws of Cafifomia shal: govern the 'rnter~retation of the w•ithin instrument and the rights of € - ~he parties hereunder. i iN µITtiESS K'HFREOF, Customer has executed this Security :lgrcement-~Chattel \tortgage i~n the ate shown above. ~ _ ~x /1 ` ~ ~ ~ ~ ~ ess Customer's 5ignature ~~ji 1j~8Sp ~,z•~er ~ M. D. ~ ~ - X V'D L-'G'~-~ / , ' • ~ ~ 4~"itn ss Customer's Signatur JOI~f1AC M. Carter ~lccepted by Ailied Conc~rd Financial Corporation (Delaware) at Los Angeles, C~lifomia. ~ / c ~ July 19 - ---l1-~ti4 , $v: - ~ - - ~ SUQK~~~~ j:1~^P f LP.^.{~Ar~t ~ FORM o6l-12-~41 f _ . . ~_,,r~.