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SECURI?Y AGREEMENT ~oK,~~D~i1K 1~g PACE ~2~~
(!'ARM ~RODUCTS)
m~s Aca~t m,a. April 3~a ia. br ,aa b.~..«p
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OKEECHOBEE COUNTY BANK i
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OKEECMOBEB. FLORI~A
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hereia caU~d •.Haak••~ aaa " - . 's
Charles 11, Iiarvey ~ ~
(Nam~(s) d Borrowe~ts~ ) ~
. P. 0. Bao~ 81t7 Okeechobee Okeechobee F1Q~ida ;
lN0. and StrNU (CUYI iCountYl (Stat~) . i
hei~in caU~d "Bonower". ~
Ie ooosW~tatios d loans or ad~ances made or to be made by Bank to Borrower, and tor olher ~alut rece:~~d bY Borrow~r. th~ parties h~rtto.
laleediaq b b~ kqaUT bawd. aqcN ss bUows:
I. !l~ uNd h~nin: (a) "Bor~owei' includes all corpouiions aad ap individua4 e:ecutiag this a.7reemeal u parties berob, aad all memb~rs :
of a parUo~rship. wh~n Bo~rowH_is a parin~rship. each ot whom sball be ]oinUr aad ssveraUy tiabN indi~iduallp and as putaers btreundec: lbl
'S~curitY inNr~sC' means aa'intess~ in p~op~~ty wf~ich sscures paymeot or pertarwanee of an obliqttion: aad (c) "l.iabililp" o~ "liabilitiss•• ineludes
all loam and ad~aaces made hereund*r bp Baak b Bormwer. and alt tfabilities (primary. secoodsrr. d'uect, continqent. so~e, joint ot ss~eraU due
oc to b~com~ due ~ that may Ee herwhs~ contradad or acquised. o! Bor rower (includiaq aaY Bo~rower and anY other pewon2 to Baak,
2. On tht securit o! U+r Collateral hereinaher described or refs?red b. Sank (a) is contem ~
Y pvnneouslY hsrewith lendinq b 8orrowa a sum of
mouey speciti~d in a promissoey aote ot ~~ea date herowrith. e:ecuted and d~Grered bT Horrower !o Bank. payable as to prirtcipal and intated as
thereip provid~d, or (b) wiU lroa? tim~ b time hsreattu lond Borrower such aaaunts as Bank nur deteranine lrom time 1o dm~, a1 sueh ~atea d
interest and parable aa sych terma as Bant maY hom tioae b tia~s spacily or rsquire. aad Bank may require tlut such loans. or anr oE theea, be
widenced by promipory aW~ ot notes d!bt Botrc.+war in lorna satistactory to Bank: oc tc) both ia now kndiog and wiU hereaher ]eQd W Barower '
u mentiooed in iL~ loreqoioq (sJ and .(bl. Fot 1he oonvenience ot the Boriower, the Han' maY maks loan advances to the Horrovner uod~r any ?
proosisaory not~ 1Le priadpal tac~ smouat of ~rhic6 ia in ezcess ot the adual unpaid priac~ipal balance a! such lima ~
3. As t~curity to[ tM pa7meal d sU loaus and ad~aaees now or in the tutur~ nude hereuadet and Ie[ a!1 Bo[rower's liabiUties, includinq ~
aar oztension~, r~aewals or cbanqoa ia iorm of u?y tl~ereot. and as security lor perbrmanc~ by Borroxer of the aqceewents hQrein set Iorth, Borrower ;
b~r~by assiqns b Hank aad qranb to Bank a securitp inte~est iu the iollowrinq qoods: ~
{+J CROPS: All ot the toUowug crops planted or_ qrowinq. or to be planted ot qrowinq within seven years hom the date heceol. on the ~
~.na. n.~.~~.~ a.,~a: - This sectirit ement shall ~ ~
- also secure the payment of ar~r ~ ~
ure vances or loans the ~
~„v~rarc. Five H~,indred(500)Head of Grade Beef Cars n~~~~~r~$~ ~~~~T ~
BTBTld ~~~g1 Atsrntrt et indt~hrt riraQQA
s Il~ Qshall not exceed ;35,~00.00 ~
tc? FAAM PAODU~• •
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(d) AQ propertv simiiar to ~aat described" or reterred to ia "!a)". "4b)", and "Id". above, which at any time may hereafte~ be acquired by ~
Berro~rer iucludinq. but not limitod b, additions aad roplacements and ptoqeny ol l~veslock and animals and pouUry, and atl p~oducn ot all such ~
P~P~nY and oE the Qops de~aibd or relerred to ia 'Yai" abo~e. ~
(e) All proceeds d We safe at other dispositioo d any o/ the propertp desccibed or reteire3 ?n io "ca~" !o "(dt', inclusive, above :ap ot
whfch goods and propertT deseribtd ot reierred b in "!a)" to "(dl", inclusive. above. and the proceeds irlened to F.eiein. are ia thie ag~eement
called "Colhteral'~. .
Borrower wuranls UuL (+J Dwrowru is We owruer oE the Coltaterat ctear o( ati liens artd security interesta excepi the security mfeieat granted
herebT: (bl Baro~rer has the riqht b make fhis aqreemeat; (cl aU of the Collateral is or will become locatod or grown on the land llhe iarm, qro~e.
o~ other farming-type operstim m w1~ is a~rated bY Bonower> in the County o! State oi '~02`~d8
ma~ 1 desaibod as: . 22C @
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Sec ions ~&].0. Tamshiv ~7 South, Rangc 6~as ~ Section l~, Tvwnshi~ ~8 -South,~~e 36
(If imulticient space, attach e~ibil set4nq out complete des_~iption~
FiSB~'i ~ #
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the owner or ownen ot recocd d said laads is a~r ue: _
C. l!. Harvey Iglehardt - R. E. Hamrick - S. Pinder
(e) Borrower
s reaidenee. if not the land dascribed abov~, is a! ~he add~esa specitieci in tbe pieambEe b this agreement, unless a dilferent address
has beeo sp~tified in th~ iolbwiaq spaoe:
Mo. and Stceetl . (Citp3 (Couaty/ (Sta~e)
and (Q it the follwving is checked ; wme ot all ot ibt CoUateral i~ beinq xquired by Borcower with the proceeds. a some patt o( 1h~ proc~. -
a! th~ ban ot bans made h~reunder, and Borrones benay ~utborises B~nk to disburse said pioceeds to the seUer ot such Coliateral os b tLe insuranp ~
aqsnl a btok~r. 6t bW~i.'.as 's11o~Q on Bank's rsoords. ,
~
S. Bormw~s iurtLer aqrs~s thst: ~
(sJ Bocrower will pay the Bank all litbw~w imdudiaq, but without limibtion, aU amounb ot priacipal, InteresL aad othei sums payable
uader o~ ~i ~I3ttw .oi ~ny promiswry aofe or olher writieq• ~rklencinq any liability. and aU puts and inawllmenb thereot3 as and wbea U?e same
shall be d~ id~ pa~a6le. whether at maturitp. by aooeleratba or otherwise. aad will pertorm ali terms of al! promissory notes aad oWer writiags ,
s~d~dnq the'IiibUitip, and tach d tLem, and all larms d~b aad an~ other securitlr u loan agreemenf between Bonower and Dank, and wW
dis~arqa sll siid liab~-
(b) Borrowu wW d~iend th~ Collatecal aqaLW tht dai~s aad demands ot all persons.
(c) Borrow~r wilt inswe the Collateral agaiost all hatards rp uested bp Bank in torm and amount satisiado~ to Bank. H Bono~ver faih
!o aWain sucb insurana. Baak s6a11 hs~e tAs rig~t 10 obtaln it at Bon~ower's esp~n~s. Bocrowsr herebp assigns to Bank all righb to ree~ire prooMds
oi inaaaaoa and dir~cb aay tnsur~r to pay aU proce~ds dir~Nlr b Danic, and authoriaea Baak b indorse an~ dratt tor the proneds.
~t ths CoUater+~ipi aooditioa -tod ia' sn ` unmaautsetur~d slale: attend t6 and cu~ i~ ths Collat~ral: do all
otbn aels whie~.~E~ Se~~~irY to rai~t and tatt~n lh~stock and b grow. cuhirat~. apraY. iertll'v~s. [*rk~ate. cut. huvest. pick. cl~an. pres~n~
and prot~et t1u aops and tarm producls. all aooordiuq w fb~ most appro~~d mNhods oi luminq aad 4wbaadry: pr~par~ tbe Colk.eral br markN and f
wbss it i~ iyadY ior muk~t PtamP~r noWp Badc of sue6 taet: bilow Hrk's inst~uctioas. it any. wtW refar~na b hoidinq. shlpplaq. ~lorinq and
markNtnq fl?~ Collat~ral (but Bank ahall aot b~ obiiqal~d b qt~+ anY snCh lawuctions). maintaits all buildinqs and improvemeats on said W~d in qood i
ooodWoa aod r~pair: gi~~ Bsnk pcompt noKoe o[ an ~amaqe b the CollannL or any part 1Lersd. or b said Lnd oc,to the iarmiag or o1LSr oprra•
tlm~ op~tatM t~rwn: and p~zmit Bank b ~aur u~on said 3ands at all cwooabl~ lin?a for t~ purpaa d~~miniaq tlu Coilat~sal and tlu land, i
bvfldinas and imoro~emeob. 2 t ~ :
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