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(CFIAT!'EL MOR?L^AGB)
- as o~ 1`71f1~
~~p~~t~ madelEhe 15th ~r oE January 19 8,
uadec the laws oE che acace of Florida
~~~PQtt SHAWNBB QtW83 CQtPatATIQd, a Florida Corporation, ~ hado a~Ued dae Debo~r
wbose busiaess address is , 3~8 Orange Avenue, Daytana Beach, Florida
~d TE~B PHILADBLI't1IA NATIQdAL BANR as Trustee for the Associate
7~ Coca-Cola Bottling Co. , Inc. Master PensiQn Trust, 6ecein called the Secured Paity
w6ose address is Philadelphia, Penasylvania •
~tftlE55Pth: , .
?o seence tbe p~~menc of as indebcedoess ia cbe amoun~ oE: 28~400 ~ItL iateceu, psyable ~i Eolb~rst
In sixteen (16) equal quarter aanual installments. of $2,050.47
beginning oa April 15, 1968 and then on the 15th day of each July,
October, January aad Api:l ensuing until the principal aad interest
are fully paid, each payment being first applied to interest and
the balance to principal. .
as e~ideneed by a noce or no~es of e~en dsce~6ece~rich; and also 0o secnce ~ny oc6er indebcedness oc liabilit~ of tse Debcoc
co che Secnred Party direcc or indicect, absoluce or concinsent. dne or co become due, now ezistin oc 6ereaher acisiaa,
indtdin¢ al~ fucure ~dvances or loans ~rhich may be made ac che opdon of ~he Secnred Parcy. (dl~eceinafcec called che
'•obliawons ) Debcor heceby acaocs aad con~eys co che Secuced Pa~ty a securic~ iatecest in. and moaaaaes co che Secnred
Paet~
(s5 ehe propeety described in t6e sc6edale Dereio (6erein~fcer called che oollacad). wbic6 ooUuecsl che Debooc
repteseacs aill be used p~imuily .
~ Eot pecsonal. E~mily ot Muse6old pueposes ? in Ea:mina opecatioas ~in busiaess or ocber nse
~ (b) all peope~ccy, aoods and chacteis of t6e same classes as tb~se scheduled. acqnired b~ che Deboor subsequeat ~o t6e
euencion of t6is aareemenc sad pcior oo ics tetminscioo '
(e) all pioceeds theteofs if any,
(d) all mereases, subsucuciopa. cepl:caaents. addidons aad accessions c6eteto.
DEB?17R WARRANIS, C+OVENAN?S AND AGREES AS F~OLLOWS:
~ 'Po pa~ and per[oim all of cbe obliauioas seeured br this ~aceement aecoedins co cLeir te~ms.
~ To defead d~e acle co c6e coUuecal aaainst aU penons and aaainsc sll claims aod demands. ~bacsoeweq whic6
oollaenl. e:cept foc the securicp interest aranted 6eceby. is lawEully owned b~ ~he Debooc aad i's oow Ecee aad elcar of
j anr and all lieas, secnricr incecesa, claims. c6araes. encnmbnaees. cazes and assessmeuts excepc as oaf be sec forch
in the acbedule.
Oo demaod of t6e secuced party to do ~he foUo~rina: Eamish fuishec assuraoce of atle, e:ecute aar wciaen asceaaent or
do anr other accs necessary co effeccwce the pacposes aad p~ovisioas of chis aareeoent, aecuce any insceummt or state-
ment requiced br law or oc6eraise io order to pecEecc, rnotinue or cecmiaue the secnncp. incecesc of t6e Secured Parcr ia che
collaceral ~nd pay aU coscs oE Elin lA COQOlCtlOfl tbt[!nl[L.
n
?o retaio possesaion oE c6e co cecal durins tbe esiscence of chis aareement asd oot oo sell, ezchaase, asaiaa, ban,
de4~er, lease. aaa aae or ot6erwist dispose oE ~ame without the writteo consent oE t6e Secnrcd Pattr.
To keep t6e col~tersl at the locacion speci~ed io the schedule aad na co remo~e same (e:cepc m che uswl coucse of ;
dwiness Eor cemponrp periods) wicbouc the pnor wdaen conaenc oE che Secured Patcy. f
'To keep the coll~cecsl &ee aad eleac of all 4ens. charses. encumbcaacei. azes aad assessmencs.
Top~ r. when due. all cszes, :ssessmena :ad lieense Eees celacin co c6e coWceral. :
To keep c6e collatenl. ac .Debcoc's own cosc aad e:pense. in aoo~ cepsir and eoodicion :od a.ailabls Eor inspeccion by ;
cbe Secvred Paccy ac alt reasonsbte cimes. F
?o keep che collateral Eulty insnced sasinst loss br fice. cLeh aad oc6et c:sualcies, Debeor sh:ll ai~e immediue s
~rriaeo ootice co ~he Secured Psay aad co insuroa of loss or daaaae co the collacecal and a6all peomptl~ file peoofs of loss
wit6 iosnrots. ~
THE PARTI~S FURTHER AGREE
~ai~et of or acquiescence in sar deEault br the Debooc,or hiluce of the Secured Paec~ w insist upon scricc pecfoemanee
b~ the Debtot oE an~ wsctaotiea ot aateemeats iu t6is secntitJr saceemmc. shall oot coomtute a wai~ec of anp subsequmt
or ocbec dcfaulc oc failuee.
Notices oo eic6er psrcp s6s11 be in wacina ud s6a11 be deli~eced persoo~llr oc br mail addeessed to cbe p~ecy at the
address beran sec foit6 or ahenrise desisnsced io writiua. ~
'ibe Uni6oes Caomsrci~l Code shsli ao~ero the ciaha. dnciea and remedies of ~6e p~ccies ~nd any pro~isions 6uein dr
eVecd ia~aGd ~der w bw s6a11 not in~alidace anr ocher prwisios ot this aaceeaest. ~ ~
The folbwina sbal~eons:ituce a defwlc bp Dcboor.
FaiWte co par c6e princips1 oc any insnlimwc of ptiacipal ot oE incecest on ~!s indebtedoess ot aay notes w6m dne.
Failnce br Debtorto comply ~+i~ or pec6ocm ~n~ p~v~~aion oE this saceemeat. Falae or mislaadioa repceaenntions or wu-
saacies made ot si~m bf Debcot in oonnectiaa'wic6 t6is saeeemenc. Snbjecci~ oE the aoWterat oo len oE ezecuaon oc
ocher jndieial pmecss. Commtacemmt of aa~ iasol~eocr peoceedio~ br or aaainu tre Deboot. DeuL oE tbe Debmr. Anr re-
dnccioa ia t5e ~slne oE tbe collateal ot wy sct oE t6tDeboot wlucb ~mperils c6e p~ospect oE EuU pecEoamaaee or suishaioo .
oE ehe Debwc's oblisuions beceia.
~ Upo o aor defsulc oE ~he Deboor aad ac ~he opuon of d~e Sseured Pacc~, c6e oblisacions secveed br chis a~ceemmc s6a11
° imediacelr become dne and p~yable ia lall wic~onc nocice or dem~od aod ~Le Seeue~ed Pacc~r sbsll6a~e ~11 che dsha. rem-
i - edisi aod pri~ilc~es wich rsspea co repossesa:~a, ncencion aad aste of c6e collaceai ~ad diaposition of che pcoceeds a~ . ~
ars ~cao~ded b tbe ~pplicable seccioas of cbe Uni6oem Commerci~l Code respecdos `befwlc:'. j
~ U o aay ~shnic ~nd upoa demand. Oebtor ~baU oaembte cb~ collsteral aod ~akf it ~vaitable to e6s Secuad Put~ st ;
~ t6e ace aod u the time desissaced in the demc..--t.
~ }~a ~a~ dehnlc, ~6e Secnred Parcp's reisooable atcom~?s• E~ea and el~e /esal aod od~er e:penses 6or paesnins,
seaee6ins Eor. ceeeiviaa. calcina. kespias. aoorins, sd~e~cisioa, aad seUins die ooWaal a6s11 bs c6u6eable oo t6e Deboor.
Ths Dsbcor sball cemain li~ble toc anr defieieacr rsaoltios Ee~o s a~le oE s~t colluetal aod shaU par a~y sueh de-
~ Hcimc~ focchwitb on demsod.
IE th~ Debooc sLall defsult ia c6e periocmancs oE ao~r of the pco~iaions oE c6is a~reemeac os che Dsbtor's pscc oo bepea
tosed. Sscue~d Partr a~sy pecfoem same Eoc ~6e Debtoc's acoouot aad ao~ oouies ~peaded ia so doiua ahsU be cLuae~ble
( wit6 inteast ao tAe Debcor aad ~dded w~be iadtbtedaeu ateured 6etebr. , _ _
T?s Ssenred Paccy is 6ecebr auc4or'sud co fil~ s Finaocias Sace~eac.
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