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and th name of the rec~d owner is : L= q~1'"' RS'T~
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and that if the CoLlateral is attached t~ real estate prior tothe
perfection nf the securiry interest granted hereby, Debtor will
an demand of Secured Party furnish the latter with a disclaim~r or
di.sclaiuners, signed by all persons having an intere~t in the real
estate, of any interest iti the Collateral which is prior to
Secured Partyts interest.
5~ MOBILE EQUIP'MENr. That if Certificates of Title
are issued ~r outstanding with respect to any of the Collateral, i
Debtor will cause the a.nte rest of the Secured Party to be noted
thereon.
6. INSURANCE. That Debtor raill have and maintain
insurance at all times with respect to all Collateral against
risks of fire (including so-called extended c~verage), theft, and
other risks as Secured Par~y may require and, in the case of motor
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vehicles, collision, car~taining such terms, in such f orm, for
such periods and written by such companies as may be satisfactory
to Secured Farty, such insurance to be payable to Secured Par~y
I and Debtor as their interests may appear; ~hat all policies of
i
insurance sha11 provide f or ten dayst written minimum cancellation
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notice to Secured party and at request of Secured Party st~all be ~g
I deliv2red to and held by it; and that Secured P~rty may act as
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' Attorney for Debtor in obtaining, adjusting, settling and can«-
celling such insurance and endorsing any drafts.
7. PROTECTION OF COLIATERAL, '~hat Deb~or will lceep
the C~1lateral free from any adverse 1ien, security interest or
encumbrance and in good order and repair and will not waste ar
destroy the Collateral or any part ther~of; that Debtc~r wi11 not
~ use the ColLateral in viol.ation of an statute ~r ordi a
~ Y n nce; and th ~
Secured Farty may examine and inspect the Collateral at any time,
wh~er~ver located,
~ '8. TAXES. T hat Debtor will pay pr~mptly when due aZl
~ ~^~E taxes and assessments upon the C~llafieral or for its use or oper-
= A7TORNEY AT LAW
~ ffit. LUCIE COUNTY ation or upon this agreement or upon any note or notes evidencing
BANK BLDO.
FOR7 rIEpCE, fI.ORIDA
~ $o~ ~.2~' 4fi0 ~ooK i28 92 .
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