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Home My WebLink About2905 ~ Y y? v . . (l~~c. ,~i,,, ..G~c Q..~,f . ~ 3 S~ Q.tZ'aG~ic~ 7r- a~~,,,~ • - (b) The Secu~cd Party may declare all or any part oi the Indebtedness to be immediately due without notice upon tr.c happening o! any event o[ detault or it the Secured Party in good taith brlieves that the proapect ot payment of all or any part o[ tt?e lndcbteuness o~ the perto~mance of the Debtoc's obligations under thia agreemer~t or any othe~ agrcement now o: hercafter in ettect between the Debtor and the 5ecured Party ia impaired. This paragraph is not intended to affect any si~hts ot ibe Secured Party with respect to any Indebtedness which may now or hereatter be payable on demand. (c) Upon the happening ot any event of defau2t the Secured Party's rights wit?~ respect to the Collateral shal: be , •hose ot a secured parly under the Unitorm Commercial Code and :ny otber applicable law from time to time in effect. Tte ~ Secnred Part~ shall also have a~y additional rights ~ra~ted herein and in any ather a~c+eeme~t now or h~realter in etfcct be- :wcen the Debtor and tbe Secured Party, If reqvested by tbe Secured Party the Debtor wiA as:emb3f ttu Co1latQral and r»a:c~ available to t?~e Secured Party at a place to be deci~ated by the Secuted Party. (d) The Debtor agrees that ar?yr notice by the. Secured Party of the aale or disposition ot the Collatera1 or any othe: i~tcnded action hereunder, whether required by the Un~form Commercial Code or otherwise. shall rnnstitute reasonable ~otice to the Debtor if the notice is mailed by regular or certified maii, posuge prepaid. at teast tive days betore the actior. to ihe Jebiar's address as syecitied i~ this agreement or to any other address which the Debtor has specified in writir?~ W the Secnred Party as the address to which noticea sha1~ be ~iven to the Debtor. ~e) The Debtor sha11 pay all costs and expenses incuned by the Secured Party fn eaforcing this Security Aeree- ment, reali:ing upon any Collateral and oollectin~ ~ny Indebtedness. includin~ a reasonable attorney's fee wbether suit is orou~ht or not. 6. 17iscellaneaus. (a) The Debtor authorises the Secured Party at the Debtos's expense to file any ::nancinb statcment or siatementa reiating to the Co;tateral (without the Debtor's siRnature thereon) which the Secured P:rty dee::zs a~propriate, and the Debtor appoints the Secured Party as the Debtor's attorney-ia-faM to execute any such financing s~ie- :r.ent or sta:ements in the Debtor's name and to perform all oth~r acts whicb the Secared Party deems appropriate to perfect ano w coniinue periection o# the Securit,y Interest. (b) Tt?e Debtor authorises the Secured Party to coltect and apply against the Indebtednes~ any retund of insu:ance ~remiums or any insurance proceeds payable on accoun! oi Lhe lacs or dam~~e ta any of the Collateral and sppoints ihe Se- cured Party as the Debtor's attoroey-in-fact to indorse any check or draft sepresenting such proceeds or refund. (c) (i) As further aecurity the Debtor ~ranta Lo the Secured Party a security interest in all prnperty of thc Deb:- : wnich is or may hereatter be in the SecurM Party's posscasion in any cap~cily ineluding ali monies owed or to be owe3 by ihe Secured Party to the Debtor; and with respect to alt o[ such property~ the Secured PaMy shall have the same rigots as ii has w+ih res~eci to the Collateral. (ii) Without limiting any other righi of the Secured Party ~vhenever ihe Secured ?ariy has thc ri~l~t to declare any Indebtedncss to be immcdiately due and payable (whether or not it has w declared3, the Sccurcct Party may set ott againsi the Indebtedness all monie~t then owed to the Debtor by the Secured ?atty in ar.y cap:.city whcther due or not and tbe Secured Partr sf?all be deemed b have exercised its ri~ht to set oft immediately at the timo :ts r.bht to such eleMion acerues. td) Upon the Debtor'a failure to perform any of its duties hercundcr the Secured P~rty may~ but it shall not be ob- ::vated to, perform any of such duties and the Debtor shaU forthwith upon demand reimburse the Secureai Party tor ~ny ex- pcnse incurred by the Secured Pasty !n doin~ so. . ie) \to delay or omission by the Secured Party in exercising any right hereunder or with respect to any Indebted- ::ess shaii operate as a waiver ot thai or any oiher right~ and no single or partial exercise of any right sha11 preciude th~ Se- cu:ed ?~rty irom any other or further exercise of any other right or remedy. The Secured Party may cure any defauli by the ~ebtor in any reasonable manner witho~t waiving Lhe de[ault so cured and without waiving any other prior or s4bsequcnt dciauit by the Debtor. Ail rights and semedies of tht Sccured Party under this a~reemsnt and under tt?e Uniform Commet- c+o: Code shail be deemed cumulatlve. (i) The Secured Party shall have no obligation to take and the Debtor shall have the sole resaonsi~i;ity for t:.:c:ng a~?y steps to prescrve rishts against all prior partics to any instrument or chattel papcr in the Secured Psrty's posscuior. ~roceeds oi tl~c Cotiatecal. The Debtor waives notice of disbonor and protest of any instcument constiiuting co:la:era: at :.+~y time i~cld by•the S~cur,ed Paryr on which tho DebWs is in sny way liablo and waive~ notice oE any 4ther action t~:cen by :na Securcd Pariy. ig) The ribh~ and benefits of the Secured Party under this aareement sha31. it the Sec~red PaRy a~rees. inure W any ;~orty ocguiring an intereit in the indebiadness or any part thereot. lh) Tbe terms "Secured Party" and "DebWr" as use3 it? this aCreement include t2w heirs. peraonal represen~iives, «nd cuccessors or ~ssicns ot those parties. (i) It more than one Debtor executes this Security Agreement. the term '•Debtor" includes each oi the Debtors ~s wc:l as ~:i of them, aod their obli~ations under this ~reement ahali be ~aint and several. Cj) This agceement m~y not be moditied or amended nor shall any prov4io~ ot it be waived eYcept by A written in- _ str~mcnt si;ned by the Dtbtos and by an authorized ofticer ot tt?e Secured Party. (k) 'I'his a~reement stwit be corutrued under the UnUorm Commescial Code and any other applicable :aws in effect from t~mc to time. i T:~u Security Agreement is a continuing agreement which shall remain in torce until the Secused P.r:y shal: sc- t;,.~::y reccivc written notice ot its termination and thereaiter until aIl the Indebtedness contracted fos or crcated befo:e rc- :~:at of tne notice and any extensions or renewals ot that Indebtedness •hether ma Dtfora•or tier reeeiDt ot ti~e notice} tu:ecr.c: w:th aIl interest itsttsoa both bttast and atter tbs nocic~ ahall be i sea ST.~TE OF FIARYDA Harr s .r~-= . - COUNTY OF ~ ~~i .~?r• rCt,, a~iiaet~~ : I HEREBY CEftTIFY that on this ons ance arr~s sea officer duly qualified to ~ ts, personally appeared Jack :ta2•ris and Constance Harris ~ ~ovm to be the pe~rsons descr d i the fore going instrument an. = :"""WITR~SS m"q'~'~i' a 3c1""an~'" seal in the County and 3ta , ! 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