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SECURITY AGREEMENT - iCMattsi MortUa9sl
'~ July 2, 1969
Paul Ringrey
d/b/a Kingrey $lectric Co. 3704 S. Federal 8rry.,.Fort_Pierce Florida
... 0
(hereinafter called '.Debtor..), for valuable coosidaatioa, receipt whereof is hereby admowkdged, hereby gaab to
Cardox -Division of Chemetron Corp., 840 N. Michigan Ave., Chicago60~~}.
(hereinafter called "Secured Party") a securiq interest k. and mortgages to Secured Party, the folbwittg property
and any and all sdditioos cad aooe:sioos thereto (hereinafter aUed the "collateral")
2-ton C02 Storage Tank with Vaporizer, Serial No. M69
1 -Cylinder Filling Unit (Curtis)
to secure ppaayment of the Total Debt as evidenced hereby and by the note or cotes of even date herewith and also any
and all liabilities of Debtor to Secured Party under this agreeaaent or said note at note of eery trnewals or eztmsieos
thereof (all hereinafter called the "Obligations").
The Total Debt is compacted as follow::
i. Amount advanced to Debtor .~...».- »»...»..... = 4.3 0 0.0 0
2. Insurance dtarges, if aay »..»«»»...»»...»»...»...»»..».»....».-»..«-...» ;
(Description of type(s) of coverage:
3. 06da1 fees, if a% »»»».».....».».».».»».....».....»... »...»......»».. _
4. Odra charges (specify. 4$ Florida Tax _ __ ) ; 172 _ 00
S. Prindpal balance (sum of i, Z, 3 cad 4) ».-.. »»»»»»»»»».w....»».»»..~-;
6. Finance dtatge .».».....»»»...»»........».»,..»......»......» »»».»»»».»»«»»»....».....».»..; S7 ~ _ 04
~. F'inanee ehargs eats _$~_96 Par year
(Sa Mass. G.L.c. 140A) '^
s. Total Debt (sum of 3 and 6) .»»».»..»....».»».»» .......................»..»..»....».....».....»..»-»»....»....»»...».».»; 5.0 4 5.0 4
Debtor agrees to pay the Total Debt (Item 8) ' 35 monthly in:<allaaeats of ; ? 4~.. ~ Q
each and a 5nal installment of ; 14 0.14 , as provided in said note or notes, with Delinquency Charges of 8 $
of any installment if in default more than five days (ot such kssa amount of 1 period as troy be re~uired~y
applicable law) cad (to the ercoeat permitted by appliabk Lw) plus nd~sonabl costs of collection, mduding
rasonable attorney's fees. A prepayment allowance to the orient ~equtred 67 appliabk law will be made if the
Total Debt is paid ~ full by Debtor before maturity. Debtor ~admow eddggeess reoetpt of a copy of this agreement.
Debtor hereby wamtnts and covenants that -
(a) The Collateral is bought or used primarily for
^ Personal, family or household purpose ^ Farming operations use ®Btuiness use
and if checked here ^. is being acquired with the proceeds of the note or notes, whidt Seabed Party may disburse
directly to the sells of the Collateral;
(b) The Collateral will be kept .r ,
(Na aed Street) ((ier a< 'fewer) (State)
or if left blank, at the address shows at the beginning of this agrament; Debtor will promptly notify Seatn~ti Forty
of any change in the lontion of the Collateral within said State; and Debtor will net remove the Collateral from said
State without the vmtten consent of the Savred Pertly;
(c) If the Collateral is or used primarily for business use, Debtor's play oaf business is said State (if nay)
is that shown at the beginning of this agreement; cad all other places of business of Debtor in said State outside of
the town o: dry mentioned in the previous duce are located as fallows_
(d) If the ColLtenl is bought or used primarily for family or household or for farming
operations use; or if Debtor has no place of business is said ~ta~Debtor's resideaa in acid ~hmite is that shown at the ~
beginntng of this agameat;
( If the Collateral is to be attached to real estate, a description of the real estate '
and the name of the reead owner is _;
and if the Collateral is attached to real estate prior to the perfanon of the security interest 'ggtit _ for
will on demand of Segued Party famish the latter with a duJaima or disclaimers, signed by alt ~etsons avtng as
interest in the real estate, of nay interest is the Collateral which is prior to Secured Patty's mtSt~t.
Tti~ b s~~iis+ t. +r..~tl..e~l ~.wwaa s.- t«fU .. +r...wn. air. wr.e~i. +1~:~.~tciM~A; .
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signed io duplicate on day and year brat above written. ~ ~ ~ _,. • ;;;,', ~;.,~ =~ ~• , ;
Pa in r - i ~~ t. " c C '
(Secured Party need sign` ody if agr~rneat is to be ~' . :
used as Finanang~Statement) ~ ,. • ; : r~ `..
Cardox -Div "on of Chemetron Corp.
( tats)
By
Fora PaW;sbed buliobbet ~anrcn, Inc.. O Burton. Ttla~a. OQt01 rte.i)ed~r~fp. 1966 Clap. {40A
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