HomeMy WebLinkAbout1465 ADDITiaNAI AGREEMENTS AND PROVISIONS ~
Se11er may assign this cont?act Dut 8uyer shall not. Buyer shall at all times keep tM prop~rty inwrad in the amount ot its futl insuraW~ va~w. a~ ainst tiro. ~
2nrtt. and such otlur hazards as Seller may require, with loss payaWe to Saller or Sstlers sss~gnae as its interest may appea? Cy indorsem~nt providing t1+at ~o xt
~ de(ault ol Buyer shall prejudice Sellers nght to iosurance p~oceeds. and if at any tim~ whiN monies aro owed Aereund~r Buyar iails to tumish SNler with
s~,~,nce policy or pol~ues for the atoresaid insuronu covsra~es with the atoresaid loss payabl~ ~ndo?zament or it the premiums therotw b~ not prompl~y Pa~d.
~~~!er may pay tM premiums or acquin insurance trom snoth~r soure~ without waivint w sff~tting any ~hts undtr tAis contrset and ~wry pa ym~nt w pa~d shall
he.,r interost from the dste thereof at th~ highest lawful nt~ snd ~sch such paym~nt snd intarest tMrwn sAslf b~ s~cur~d by this contract. Buy~r sssi~ns to Seller ~
tne proceeds of and rcturn p~emiums irom all insuranc~ o~ tAt proQeRy not uceNd~ns lM unpsidport ion of tM Time Balanc~ A~round~r snd directs any insurer to ~
p.ay a11 proccNs and nturn premiums directly to Se11er or Sell~ls ass~snN snd Buyer appoiMs SNI~r or BNI~ts auier?es attom~r•in•tact to ~ndo?se any dnit and
:,ppty ali such prxeeds and nturn premiums to any ind~6bdn~ss Mnu~dst wMiMt tMn dw o: not. '
8u er will r~ w racwdi tMs contract and any tinsncin or ttrmination ststMmnt ~rith nsp~ct to th~ pro~RY: snd sppdots SN~~~ o? ~
Y paY all tosts of fili ~ 6
seiiers assignee ss Buyers attom~r-in-fact to do whatewr SNI~? or SNlsrs sssi[~ ~Y ~KK~rY ~ P~~ °f CO^u^w p~ ns sKUrity intthst tn
tne property. Buyer represents, wa?amt3 snd agrees that th~ p?opMy wiil be k~pt at tM addrtss of tM bororwe? shown on tM fs~e of tNs tontrstt. and Buy~r
..~ii promptly give w~itten not~c~ to Seller or Sellers assisnee of anr change in the locstion ol tM propert~r, and Bur~r witl not renww tM ProWrtY fmm the ~°~^b
ct the Buyer's afwesaid address shown h~rson without th~ p~ior wntten cons~nt of tM Seller or Sellers assi`nN_ B th~ p~y Is acquir~d p~imanly tor business
use and th~ Bu~rer has a platt of business in mor~ thsn one stste, the thi~f plac~ of busin~ss ot tM Buy~r Is tM add~us d 6uy~r shown on tM fac~ ot this con-
c~,ct. (untess. s~multaneously w~th tM executioo of this contract Buyer has given SNltr. w SNI~s intMded ass~gne~_m~Mbn~d w~ tM fx~ of tMs contrsd. w~tt~n
r~t~ce of the address oi the chiei pIxe ot business of Buyer if otAer than thst sAown Mnon) srM Buy~r ~rill immedishly notify SNler w Selltrs assf~nN in writing
cf any change in sddress of Buy~rs chi~f ptsce of busin~ss. -
Buyer warrants that any prop~rty tndad ln tor the property sold henund~r Is fra~ from sny li~n, dalm. Mrcumbrs~q or s~turity Inttrest. BuyN w1~~ kNP tM
preperty ~n good condition and reps'~r aBd tns fmm tiens and other s~tuAty IrKtr~sts: will PromptlY psy all tan~s and sss~ssm~nts w~ th~ ProP~~Y a~tA ?~sp«.t
to rts use, and on or o~ actou~t oi this contract. All repairs to t~e property, snd alleq uipmen~ psrts and sccessories Wsc~d on the p?opertY shs~~ b~ at Buyers
e.pense and shall constituts compon ent paRs of the p~opeRy. subj~ct t0 ths t~rms of this eontraet. Th1s r.ritln~ ooetains th~ tull. final and ~xtluslw statement ot
;ne contract ot the paRies Time is e:pressly declared to be of ths esse~ce ot this contrsct. Each of the pmmis~s, asr~am~nts. wamntits. tem?s and condfions of
th;s contratt is expressly.detla-cd to tr~ an essential part of th~ tonslderation, but if any R of this eoMrsct is adlud~~d ~nva~id tM nmsind~r will not tMnby b~
~n~a~~dated. As uud here~n, tM singular sAall includ~ the plunl and the plunl shall ~ncl~th~ singular, s~+d ~sch ptrsoeal proeoun W anY tMd~r shatl include sll
ge~ders_ Damage to o~ loss or destnittlon of tM prop~Ry wi~l not relpss.Buy~r trom Ms o0ti~ations Mnundtr..
7ha occumnc~ of any ot tM tollowint shall ba s default Mnunder. (1) failun of Buy+r to mslc~ sny psym~nt or to ptrfom+ sey of hls obli~stlons Mru+nd~r• ;
default ~i sny 6u~r~? in respact oi ~ny dher indebtWntss oi such Buy~ to the Se11er or tM SNler's assisne~ M tbis conteatt. (3) ttN d~ath of any Buytr, (4) any
w~rranty, r~ r~sentat~on w statemsnt mad~ o~ fumisMd to Seller w Sell~rs assi~nee by or on D~haH of any Buytr pwves to b~ materislly incorreci. (5) tM prop~ ~
e-ty is Isvied on, seized by judicisl or Iegsl sutho~ity, o? transferrsd to a raeeiwr or trusteR (6) B~ tnnsfsrs possessioo oi tM prop~ty or puss~ssioa is tnesfan~d
~~om Buyer by operation of law. ca?demnation w foriaituro action is instituted against tM prop~rty. th~ p?ePertY is lost. stote^ or wbstantia0y dsmas~d_ In
!~e event of s d~tauk, w if SNIe~ w Selltrs sssignee d~sms itseli o~ the prop~rty o?tha uM~btedn~ss s~cuna Mnby ins~cun. SNI~? shall haw tM ri`ht, ~t its
to (s) d~clan the aggregab sum than rema~oing unpa id Mreund~r, tess uneamed interest or ftnsnc~ chsr~~s w the uMamW or unaeeru~d pation oi tht t
t:me prica diffe~entisl, imrosdiatNy du~ and payabN witlw~d notics or demand• (D) eater sny pr~mis~s snd withaR bnseR of tM PMC~ t~le~ P~~ ~ thsprop~ ~
e~tv. and Buyer aaraes to sunender possess~on ot the property on demsnd: and (c) euerciss any or sIl of tM ri=hts on d~1suR of s sKUhd pa~y umter tM Uoitwm
CommertlsMCoda. Selle~ may roquire Buyer to assembla th~ propeRy and make it available to Seller at a plau ta b~ d~si~natad by SNI~ whleh Is n+~soesb~Y cw~-
~enient to SNNr. My notic~ of sale, disposition or other iMendad sction by SNler w Sellers sssienet, sent to Buytr st tM ~ddross of Buy~? shown on this
contract, or•suth other sddrass ot Bupe~ as Buyer may haw sp~cificslly rsquastW in writing, at I~ast five dsys prlOt to such aetlon, shsll ConstltuR~ hsso~~bk
not~ce to Buye?.
Buyer shall pay all costs, cAsrgas and ~xpenses. inctudtns nasonaWs stto~ney's fNS. Incumd on sewunt M sny tNhult h~tiund~r. It shall M comm~rclalty
~easonaWe tor Seller or any assigne~ of this contraet to sNl tM propeRy on a wh.ol~sale Wsfs to s A~sMr (n us~d propsrtr oi IIk~ kind to th~~p MrNn, or
sei~ to a pu ?chsser diractly or thmugl? a daaler in sucA usad property: but the enumentlon of tM for~Roin~ mdAods of d~is~ion ~r~ ~riU~rt~~n~ ~
t~e nght of Selier or any assignN to d~sQose d tM rty by any otMr m~nner w msthod (wrh~tMr bY ss~~. I~as~. or otM s~) 1~ s to~~rcl~uY ?WSOn~Oh :
m3nner. SNler will xcou~t to 8uyer tor any wrplus slhr deductio~ of expensas, costs and tats provid~d w p~rmitt~d bY law) a~ Buy~r shsll b~ snd rMnsin liabb
r.,, .+.rciM,cy. In t~+. event of repossession. Buyer sutho~ii~s Shcer or sny assisnae of thls contrsct to ta1c~ iMo custody any p~rsonal propMty tound In w on i
tne property and to hold tM samt uMil clslm~d by Buyer. and io the event such personal prop~rty is not claim~d vrithin s r~asonsDle tirt» by Buy~r, SNI~r is autAOr• :
,red to dispose of same. 6urer a~rses to indamniTy and Aold hsrtnless Seller and any ass~nae of this contraet frOm dams~es and IisDility ~tsultit?S from np~s~On
rf euyer rs(uses to voluntanly surrsnder thapmp~ rty ~R~r defautt. No waiwr by Shcer w any ~ssis~ ot thls ta?traet of anY default sha~~ operst~ as • wsiwr of
K
any other defauR or o/ t1~e sarr~ d~fauk on s Tuturo oecasfon• No dNay or omission on tM part ot SellK w aMr assisnw of Mis ew~traet ~n e~c~rtisi~K a~r rid?t a .
i -emedy shall op~nte as a waivsr thenot. and no stn~f~ orpa Rial enercis~ by SNler or any assltnN of sny ri~M or nm~dY shall pnelud~ sny otMr or furtM?
e>ercise tMrwt or the exe?cis~ of any dAs? ~i or nmwy- My actiw~ to eaforce psymsnt w any induisences, rearcanHan~nts. r~w~~s or ~xt~nsio^s Mb
i Buyer sAaltnot b~ a waiv~r of o? aHsct any ri~its of Ssller. This s~resrnerR has bsen d~liwnd in tM Slat~ ot Ftorida sod sAsll b~ constrwd In aceordanc~ ~ tM
~ i~ws of Floridi.
~ For vslu~ ne~iwd. tM withln CoMraet aod tM prop~ty tMnin d~se~lb~d. snd all ~idM. tRN and iM~nst of th~ ~wM~~stO»d D~sIK aA h~erby so~d. ~sslO~d
and transf~md to FLORIDA BANK AT FORT PIERCE. FOR'T P~ERCE. FLOR~OJ1
a~d its successors snd assitns. TM u~dersl~n~d do~s h~bY ~rwondittonaly `usrant~e fut! p~formsne~ of sald Cadraet in NI its t~rms ~nd tM Womi?t anA full
caymeM d stl wms tMrNn provlded tw. to~dMr wlth ~xp~ns~s. eosts and f~es, and a~re~s to ps Y m~I~s ~ i~ ~s ~ asslp~m~nt attir
mant. and s~~ws thst in tlr ~wnt ot tM naMOmpBsncs wftl+ sny of tM condltfons ot sald Cordrscf. wMRher or not npossessio~ has b~~ msd~ or twWwtak~n.
su~t may D~ broutAt ~n ~1C~9 ~~+s~y aplnst any om or mor~ w all of tM und~nipwd. snd wFthout wa1vl ~M? ri~!?t labr
to reposs~sj, and waiws sny and sp d~msnd Or nOtlt~ of non-paymeM. d~e~and. Dresa+tm~nt o? pmtest. aeM ssn~s M~t any pct~nsion w ehs ~t~rtnf shall oOt
lt
~n any msnmr retsase tM undtnlsned. TM numb~rs w marla of id~ntiflcstion r~efted in tM Contrsct an tornct. that tMr+ Is no dher secu Inbnst w II~n on
~ t n e Prep~RY. snd th~ BuY+r Ass qPxnY to ea+tract. tM ai~m~M (s valid. ~nfw~c~abt~ and witl b~ fuNY P~Awnad. snd that tM qsA or t n was nplv~d.
&~uipaant Financa Cospat~y ca~?w
~ .
1. ASSIGNMENT AND GUARANTY ~ ~=-1=-~~ ~ s~
~ for vslw neNwd th~ withtn CaNrset ~nd tM U»nln d~seelA~d. srW ~II ri~M, titN s~d fnt~rpt d tM unA~rsl~~d D~sNr ~n h~sby sotd, sssl{md
p~p~y U
and transhrnd to FlO1~IDJ1 9ANK AT FORT MERCE. FORT ~IERCE. FLOR~OA
,~d ~ts suce~asors sna sss~n s w~t~out'1wAH7 TM undMStteNd h~nbp eonv~nsnts thst tM numbtrs or nw~ks ot IO~Miflestion neft~d M tM Caitnet ar~ eo~net.
:nat th~n fs no dhN s~cu~ily i~h~st or RM~ on tlw peopertr, and tAst tM essh ortradean was r~cNwd.
(SEAL)
F1~.ED ANO RECORDED' ~Di`'~
` ST. LUCIE COUNTY. FLA.
$ . ASSIGNMENT ~E Ce~~ Vcp~~l~~ Br
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'68 2 t21 y0 ~ ; ~
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~ CLERK CIRCUIT COURT v~ " c:;M?Tf.Clt. ~ ~ _ ~
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8cuip~ent Financ~ ~o. ' _
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~ 113nLao Squip~snt Co.
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~ ~ aoo~ 172 FA~E 1459 ~
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