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SECURI~If AGREEMENT '
SEPT.. f. ~.9,~
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WHITE RIDGE WATER C~MPANY P. 0. BOX 1085 FT. P.~ERCE...,.5'~..:..~,.~1C,~E~..~FI,~QR.~.QA..__
x.s.~ cxo. .oa s~e~ ccro or ro.o~ coo~a~ ~s~•~~
(hereinstter called Purchaeer). for valuable conaiderstlon, rec~eipt ot vvbich is hereby aclrnawledged. does hereby purcbaae irom and
hereb t
E~GgO NUFAGTUR 1 NG COMPANY 26~ N. HAMI LTON RO~AO COLUMBUS F'RANKLI N~ OHI 0
(Nam~) lNa and SlrMt) (CIt7 ae 1b~n) ((7oonb) (8t~b)
(hereinatter called the 3eller). a eecurity intereat in the folMwtng described pruperty and any and all acceaelons thereto (heretnafter
called the Oollatenl) for the total pr[ce and upon and sub~ect to the terms stated below:
D~'3CRIPTION 4F COIfL.ATERAL:
11-aASIS WATER COOLERS-PER ATTACHED SCHUEDULE
1TLM$ MAHIN(i IIP TOTAL OBLI(iATION
1. Caatt PriCe of GollaterBL._.~..._.._.----..._..__._._....._.___ O' 9~
2. Salea Ta~c ii applicable._._..._...__..-------•------•-------..._.--•----°••._._.-•-_-••--••-•....._..._..•-•_-••------..__
3. Documeatary Service Che~rg~e
4. Zbt41 Cash Price (aum o 1. 2. and 3)._.._._._....__._....--•• .............•---•••--•-..._................._..i ~ _
5. Less Down Payment •O~Q__ (~h i
Trade-L? i.....__._........r----•---------•--_ ...................................._.i ~ .09
6. Unpaid Balance oi Caah Price (4 leas 6).._......----••---•--••----•--••--•----•--•----•••--...------•---•-•-••---;
Cost o! ?ns~rance ........__.______.___......._.__--------___.._-----------------------•----•-------••--------------i
a Prlnapel salance cs~un or 6 ana 7)-----------------._-----------------------------------------------------------: -
j 9. F`3nsnce and SeTVice Charge
i 10. Time Balance-Amount of Note (sum of 8 and 8)---------------°--.....---...--•-°•----•-•...--._._.i
.............M__._... each and one for
~ 2~me balance payable in consecutive monthly installraents o! ;_~~..2~- -
( ttie rema~n~ng ba~ance, to ue pe~ta on che 13~..__._._ asy? or esch montn coma?eactng on (?GT~ER..,.~i.__-----._._, ~~.~2b.
until said total indebtedaeae ehnll have been paid.
TF~ CONDITION3 OF THIS 3ECURITY AGR~NT ARE 3UCH tl~st Purchaser haa execnted and delivered to Seller hls
(its) certain promiseo~y+ note of ev~ date herewitb. hereinatter referred to as the "Note". in the principal amount equal to Ehe Time
Balance shown above and payable as set fortL above, aad any PurcLaser ot said Note ahall take the same llree irom any detense
thereto sad/or cla~me, demands sa~d aetosa o! Purchaser against 3eller. NOW. TF~FORE:
Ii the ob2lgatlon berebq secured, or any part thereot. ia not paid at the maturlty hereol. whether such maturlhr be caused by lapee
of time or by a~celeratton. such entire obligation or the patt thereoi which has matured, sa the case may be, a$all thereatter draw
straight intetest at the rate o! 896 per annum until paid; or at the opUon ot the Seller. the Seller may coDect and receive. and the ~
Pum.ha~er agrees to pay, a late charge calculated at the rate ot 5~ for each dollar of anq montbly installment, ahown above which is
not paid oa or before ten daye aiter the due date thereof, but in no event sball the aanount of such late charge for aaq one defaulted
installm~t e~[ceed =3.00, which late cbarge. i! impoaed and oollected by the 3eller, shall be in lleu of such 896 straight interest on the
applicabb installment
Purchaeer warranta aad vovenanta that•
Tt?e vovatesa~ ww ue xept at ---P.....0.._.HQX_..1Q~_..-E?-•---P..1.ERGE......5~...--Ll1G.LE.-----~LOR~-~A--------------------------------
ceue~~ c~m~ cco~ss~ cew.~
Purchaser will notify 3eller of any change in locatlon of the C7ollateral and will not remove the Collateral fmm the above atate wittwut
the wrttten oonsent o2 Seller. The Seller may ezamiae and inspect the Collatersl st aaq time. wherever located.
2. The Collateral is or is to be used priaiarlly in busineas uae.
3. P~rchaser's principal place of buaineas is locsted st:~__..__.._.......---•---~~-}{~------_.._........_
. eeeau)
" Purchaser maiutains additional placea ot business aa follows: (If none, eo indicate) .
4. If Purchaser maintains ~ place a2 businee0. Purcheser'a reaidence is as above.
5. The Collateral, wbicb is not normally used in more ~ TQ p~~ ~
tnan on~s atste. L pessonel property and will always remaia ACKI~IOwLFD6YEpT OF RECEIPT ~f ~OPr IIEREOf:
such, regardleas ot the manner in which the eame may be in-
stalled snd attached to pipes or plumbing. If 3eller deema it (1) DO IIOt StQI ~S ~Qltm011~ bl~R ~OY f!~ I~ Of tf 1~ 00~ iR~ 61iRk
necesaar~?, Purchseer wW obtsin an sgteement to s[milar eQect
from the owner or lessee of each parcel of real eatate where ~
cne covaterai may~ t~nm ame co cim~, be io~ac~a. ro~ u~e ~ to ~ eampk~dY fYkd i eoAt af tbis AEr~, ied
THI3 AGREIIKENT IS 3UBJP7(.'T TO TfIE ADDITIONAL f!0!'1~ Of SK~1 ~ OOpJ It h!f!y iC~O~l+.
PROVI3ION$ SET FORTH ON THE REVER9E 8IDE ~IERE- Ufl~ll til! IiN, ~OY II~! ~1! II~ t0 Qi~ 0~ til! fYll ~OOtlll~
OF. THE $A~[E BEINt3 INCOAPORATED HEREIN BY dtl0 iDd WIdLf C!(~iMl ~ 10 ~ ~~iI (lf11R~ Of ~11! iIlOMO
REFF•EiEPT(.E.
EBCO MA t~Z G COMPANY ~~~""0°
Slsn.mn c~ mn o.me ~n w~. no na nrtnt~
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' ~ ...T....... ~.O~E..WAT. ;iGOMPANY.-------~--~-~-----...._........_ ,
EAN R08ERTS ~ ~ ~ ~
'I'hia inetivment waa prepared bq --J------.._.--N~ .............d
OK~W PAC
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