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Home My WebLink About0502 . . . t. 11'ARRAY771:S OI~ 1)I:BTOR. lkbtor warnnts and w(ona st thu a~oemcnl cont~nucs in (orcr shall bc d~timcd .vntinuoucly to w~nant thot: (a) lkbtoc ~s the ownor of ihc ~vllatetal (~oo of aU snuriry u?tc~e~ls or olhct ~ncumbrsnccs. cx~cpt tM s.cunty intrrrsl; (bl lkbtor l~ authoriud to eoter hto this a{ramcnt; (c) Ucbtor't rcsiJenoe is st the aJdress and in the .nunt~• s+x:ificd aDov~, Ikbtor u enp.~n,~d in fumin~. and the oquipment wbjoct to Ihis agrcemcnt is uscd in hn fumina u~x~atans: ld) It crops constitute aU or ~ny pan of tl~e coWtewl: (i) tuch aops are planted or ~owin6 or will bo planted or ~ruwina on the r~al ptoperly des.~tibod sbore. and (ii) Debtot has the ~t w plant. ~row. larvest and remove such crops from iwh rcal p~operly; (e) If the odlatetai b or wiU become a Rxture, it w~l be aftixed to real pcoperty at Dcbtoi s address ~ ~ srecifkd abore or to real pcope~qr loated at The rt~i ptopenr to which ths coWtanl wiU be aflix~d b owaed by Debtot ot a ownad b~r - and i~ desmeea u couo:a.. . Blocks 15, 16 and 17 of Agricultural Plat of FLORIDA MAID CITRCIS • GROVE, as per plat thereof recorded in Plat Book 13, page 1, public ; records of St. Lucie County, Florida. 4. CUVENANTS Of~ DEBTOR. As la?6 u any indebtedness remains unpaid Dcbtor. (a) wiU dcfend the collalcral against ` the clainu of all other perwn; will keep the collatenl frce Irom all other security interests or encumbnnces, e~cat pt ihe security intcRSt: and aiU not scU, transfer, lease, ot otherwise dispose of any of the coltateral or any interest therein wuhout the prior v?rittcn ~vnsent of Secured Party; (b) wiU kecp the rnllateral at the address specified above unt~l Socured Pan : is notitkd in wTitinE of any change in its location within the stato but Debtor wiU not nmore the oollatenl f~om ihe state with.~ut the writtea conxnt of Sccured Puty; will notify Secured Party promptly in writi~ of any chanae in Debtor's address fmn~ that specif'~ed at+o.r; and wiU {xrmit Secured Party or its aaents to inspect the collateral: (c) will keep the collateral in good condition and repair and wi0 not ux it in valation of any proviaons ot this agreement. of any appliable }tatute. ceaubtion or ordinana or ot any policy of insunnoe insurina the col~atcral; (d) will eze~vte and deliver to Secured PartY t~nancinE statemenu and other documcnts, p~y all costs ~ncluding coats of titk seuches and Cdina financin6 statemeats and othet documents in any pub6c offioes aquested by S~~vnd Puty, and take wch oiher adion u Secured Party may dam adviubk to pedect the secunty interest - aeatcd by this agrement; (e) wil! pay all taxes, aucss+nents and other char6cs of every naturc that may be kvied or assessed against the collatenl: will insure the eollateral ay,ainst risks by obtainir~ potiaes (none of which shaU be cancelabk wtithout at ' Icut 10 days notice co Secured Pacty) irt covenge, fonn and amount and with companies satisfactory to Senued PartY, and at i Senued Puty's tYquest wiU delivet euh policy or certifate of insunnce therefot to Se~vred Party; (n wiU p~cvent the rnUatenl or a~y part of it fmm beinE or beoomina an acessaon to other ~oods not eovercd by this agament; (E) unkss the colaltenl is speciircd in paragnph 3(e) as a f xture. wiU prcvent the colbtenl or any part of the ooUateral trom beaomiu6 a fixture: and (h) if any anificate o[ titk may be issued w~ith respect to any of the collateral, Debtor ariU cause Secured PartY's interest under lhis aaceement to be noted on the certitxate and will deliv~er the oriAnal oeriiGate to Secured Puty. S_ DEFAULT. (a) Any of the folbwina shall rnnstitute an event of default: (i) nonpvyment when due whether by accckration or othenvise o[ the pdncipal of or interest on any indebtedness secured by this a6reement. time being o! the essence, or failure by Debtor to per[onn any obti~ation under this agceement or undcr any other agrecment betwetn Debtor md Sccured Puty; (n) C~ting by or aga~nst Debtor of a petition in bankruptcy or [or roorganization under the Bankruptcy Aa or for an urangemcnt under the Bankruptcy Ad: (ui) makiig a genenl assignment by Debtor [or ihe tienefit of~aoditors; the appointment of a rcceiver ot vustee for Debtor oc for any of Debtor's assets; or the irutitution by ot a~inst Debtor of any kind of insolvency prooecdings or any prooeedina for the dissolution or liquidation of Debtor: (iv) disoovery that any wacranty. representation or statement made or fucni+hed to Seaued Party bY ot a~ behalt of DeMo~ ~vas falte ia any maurial tespect w~hen made or furnisl~ed. ' nis ~ s - (b) Senued Party may decbrs all or any put of the indebtedneu secured by tl~ ~eement to be due immediately without aotice upon the death of any Debtot ot the happenina of any event of default.. - (c) Upon the haPpenin6 ot any event of default Securod PartY's riahts with respect to the collateral shaU be those ot a secured party under Uie Uniform Qommetdal C.ode of Fbrida and any other sppticabk law [rom time to drt~e in effect. Secured t Party shall also have any additional ri6hts ~anted herein and in any other a~rcmeat no~r or hereafter in eRect betwren Debtor and Secured Party. If raquated by_Secuted Party Debtor will ~embk the cdlated and make it avaii~bk to Secured Puty at a plaoe to be desig~atod by Secuted Party. i (d) Debtor agea that any notia bY Secured Puty of the sak or disposition of the coWteral or aay other intended aaion hereunder. whether reqwred by the Uniform Commercial Gode or otherwise. shall conslitute teasonabk notice to Debtor if the ' notia is maikd by regular or oertitrcd mail. postase prepaid, at least fire days befoR the utian to Debtor's addrcu as specified in ~ thu ageement or to any other address that Debtor has ipeciC~ed in wtit4n6 to Secured Patty as t1~e addte~s to which notices shall I be pven to Debtor. - ' , ~ ~ j (e) !?ebtor shall pay all cosu and expeoses incurrcd by Secured PutY in enfordr~ this ageement, realizing upon any ~ ; wllatenl and rnUectin6 anr indebtedness, iacludina reasonabk attomeyt' fas whelher snit is bmuaht or not. includi~g costs. ; expertses and r~asonabk attomeys' fea incurred in boU~ tria~ and iPPdlate ptooxdinEs• Prorid~d• howe`"~r, that any limitatan ; ! on attorneys' fees contained in the note sewred shall be apPliabk to and 6m~t fea recoverabk undet this a6reement. j ~ 6. MISCEI.LANEOUS. (a) Debtor authorius Secured Puty at Debtor s expu~+e to fik any financi~ statement or + staterrxnts'relating to the ooliatenl (w'sthout Debtar's si6nature the~eon) that Secured Puty dams appropriate, and Debtor 1 { appoints Secund PariY as Debtor s attomey-in-faM to execute any wch finandn6 statement a statements in Debtor's name and . I to pedorm all other acts that Secured PartY deems sPProPnate to perfect and to contiaue petfection of the security interest. lb) Debtor autborius Secured Puty to cdkct and apply against the indebtodness any refw~d of insuranoe premiums or anr inwrance proaeds payabk on acoount of the bss or dannge to any of the oollatetai and appoints Secured Party as Debtor s attorney-in-fad to indorse any chedc or dtatt reptesentin6 such Prooads or afund• Ic) (ipon Debtor i failure to pedorm any of its dulies hercundet Secured PartY may pet[orm, but it shaB not be obl~gatod to ~+crform, sny of such dutia and Debtor shall forthwith upon demand reimbune Sewrod PariY for any ¢xpense incurrod by Secured 1'arty in dan= so. - . (d) ~b delay or omission by Secured Party in exercising any ri8ht herounder or ~vith respect to any indebte~nc~~(lall t opcnte u 3 wairer of that or any otAer ri6ht, and no waiver of any riaht shall ooastiwte a waiver of aay other righl`or~?: . viu ~ ~ Secured Party may cure any default br Debta in any reasonabk manner without w~ivius the Oe4ult so curo¢ oeQliritl~{ ~ ~ wa~nng any other prior or wbsequent default by Debtor. AU cijhts aad romedies of Secured P+rtp uadet this.?~Oepi~ aAd ~ , under the.Uniform Commetcial Wde st~all be deemed cumulative. ,'r'f~ ~ ~ - : ~ ~ c-' ' igned, sealed anddelivered ~ ~ i ~ _ ~ the esenc f: . FLORIDA MAID CITRUS C~I~~`~~i~''~ _ - ' r ~ ~ BY : -r' Debtor - ` ' ' .~•J t'~~~/.' ~ . D IEL ~G~3~P~A1+TY . . ; ~ ' BY : ~ - ecure a = ~ = _ Y;.: : . ~ - . ~ . .r• ,~_•,~.~t' - ' 1 w . ~,:''~C C.- . ~ ' ~ ~ `~t~ ac. g ' _ ~ I P , ~ ,501 , ~ ~ _ ~ • - - ~`Y.zf