HomeMy WebLinkAbout0386 SECURIYY AGREEMENT J
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SECUREO fAR~Y' IS CONfAKr ItiOiC~TEO lflON AGREED RATE OF INIEREST:
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•IICENSEO UNOEt FIORiDa SMAII lOAN lArl fILEO AMD RECORQEO
~~.rL11 i~lilllE! 11Tf ST.IU~lE COUNTIf FIA. ~~d
ROCER POItRAS
?14310b i; _I, : CIERK C1RCUtT COURT
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Neuhurger ~ Mr ~Paul_ Judii:h - ` t~ w~
i~lo Boaton ~vanu~ ~ JUt 1~ I~ 35 AM ~71
Ft. PierceE F1 ~34~0 ~ _
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• F:U; 9tS1At1E111 E~l UT AMi C~SE T01~~ PRYfCiPAI A~ {NiElFSI
The Debtors above named are indebted u~n their promiss~?ry not~ abo~~e described payabte to the abm•e namc~i Securecl Party at its
,s:i.3 r~ shown abo~r, and e~•idcncing a lu::n mad~ them b~ said Sccured Yarty in the actusl amount of principal thereof_ By the terms
~ r.;•.:~uf even pa}ment thereon shall tx• applied 6rst to intera~t to date ot actual payment and mmainder to principal; payment may be
~ -~:.id~~ in ad~•anm in am amount: arzd default in mal:ing any payment siuzlf, at the option o[ the hoi~er of the notc and without uetice or
~ .~:~~_tnd, mnder the entire unFaid t:alai~ce o[ the principal thereof and accruc~i interest thereon at onrn due and payable.
; \p~t'. TNEREFORE. nn caruideration of said loan and to further u~cure the paymeui o( saed note. lh~• Debtors HEREIiY COtiVEY
f ,~:3id Secured Parh. its ~uc~YC;ors and vsi~ns. THE GOODS A~TD CHATTELS HEREINAI~'TER DESCRIBED; provided, however.
~ ; h~• llebtors well and truly pat and discharge said note according tu the ti~rms thereof, then these prc~-nts shall cea~ and be void. other-
~ to remain in tull forre and effect.
I~btors may pa:s~s said property until defaul! in making any payment on said note. At any time when such default shall ezist
a:,:3 the entire sum remainin~ unpaid on said note shall bc• due a~d payable either by the ex~•reise of the option of acceleration abo~e
i~ -cnt~d or oiherv?•isc~. this Securit~ A~reement may be toreclosecl; and the Secvred Yarty may without notice or d~mand take possession
' an~- or all of said pro~ rt~• and w•ith notice to the Debtors sell th~~ pro~erty so taken in accordance «ith law at public auction or private
- i!~ for cash at the best price the seller can obtain. or the Securecl Parh may utilize any one or mor~ of the remedies pro~•ided in Article
Yart ~ of the Cniform Commercia) Cocle. The procc~eds o[ any sale hereunder shall be applied on the in3ebteclneas secured her.•by, and
.a:~~ surplus shall be paid to the Debtors, who also agree to pay any de6ciency upon demand.
The Debtors agree that. e:cepting a motor cehicle, no pruprrtv herein m~~nlioTtrd~icill be remoec•d trom the alx~ce addres3 and no
*.~~r vR•hicle mentiuneYf her~-in shall be remu~•ed trom this siat~ without first obtaining written consrnt [rom the Securecl Party.
~ The I~btars ccn•enant that they exclusieely ~w~e~;s and own said pro~~erty (ree and ct.•ar ot all incumbrances e.rcept as othervrice
~~~;1. and that they w•ill vrarrant and de(i•nd the +am~ as;ainst all ~x~rsuas e:cept the Secured Yart~•. An~• iailure of the Secvn~ci Parth
~::f~.rc~~ any of its rights or remrdiiy hereundc•r shall n~~t Ix• a«•aiver o[ iLS ri~ht to do so lhereaNer. ~~'hene~•er the conte~t ~o reyuirrs.
~ ;:ral vcurds sh~ll be construed in the singular.
~ ; ~i:~~'FtIPTIO\ OF PROI'EftTY COVERF.D I1Y SECI'RITY AGREE~fGIhT: ~
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