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HomeMy WebLinkAbout2151 of any and all at the l~abilities, an~ ~nforcement of rights under this agreement, includinq reasonable att~eys' feea equal to 10 ~ per cent of the principal av~ or such larqer a~aount as may be reasonable and just aad also those coats, expensea and attorneys' fees fncurred in appellate proceedinqs and expenses of any repairs to any of the collateral and expeases of any repafrs to any realty or.Qther property to Mhich any o! the oollateral may be affixed. _Secured Party and its agenta are anthoriaed to enter into or onto any premi~es where the collateral sap be located tor the pnrpose of takinq possession of it. ~ny notice of sale, dispositioA or other intended action by Secured Party, mailed to Debtor at the addreas specified above or at any other address to v?hich Debtor has requested in vriting that notices be sent, at least five da~ys prior to the action, shall constitute reasonable notice to Debtor. 10. No vaiver by Secured Party of any defanlt shall ~ operate as a waiver of any oth~r default or of the saa~e default on a future occasion. No dealy or omission on the part of Secured Party in e:ercisfnq any riqht or remedy shmll opsrate ~s a waivez thereof, and no sinqle or partial exerciae by Seaured Party of any riqht or remedy shall preclude any other or further exercise thereof or the exercise of any other right or_remedy. Time is of- the essence of this aqreeaent. The provisivns o~ u.~a aqrscment are cumulative and in addition to the provisioas of any note eecnred by this agree~aent. If more thaa one party execntes this agreement. - the tera "Debtor' shall mean all parttes signinq this aqreement and each of them, and all those ~arties.shall be jointly and severally obliqated and liable. The sinqnlar pronoun ahall include the plural and the neuter shall includes masculine and feminine. If this aqreea~ent is not dated ~then executed bx the Debtor, the Secured Party is authorized without notice to the Deb~or, to date this aqreement, This agreement ahall beccme effective as of its date. Al1 of the rights, duties and liabilities af the parties shall bind _ and_inure__to the benefit of their heirs, qrantees, personal - representatives, successors and assigns. 11. lhis aqreen~ent has been delivered in the State of Florida and shall be construed in accordance with,the laws of- Florida. Whenever possible, each provision ~f this aqreement shall be interpreted to be effective and valid under applicable la~?. 'r If any provision of this aqreeeent is prohibited by or invalid under agplicable law, the provision shall he ineffective only to the extent of the prohibition or invalidity, without invalidating the remainder of the proviaion or the remaininq provisfons of this agreem~nt. 12. TY~is aqreement secures the pay~ent of the note described in this agr~ement whether the vhole anonnt has been advanced to ~ Debtor at the date of this agreement or at a later date. This aqreement secares the payment of any other a~aouat or amounts that may be added to the obliqation and indebtedaess nnder the terms Qf this agreement and any amount or ausounts due or to beco~e due by reason of any euteneion or renewal of the note. This agree~ient secures all.future advanoes made by Secured Party to Debtor for any of them,° if more than one) and any and all other debts, liabilities and obligations (prfmary, secondazy, direct; continqent. sole, joint_ or several) naw due or o7+inq or to becaae due or owing or that may be contracted er aoqufred, of Debtor (or any of them, : if more than one) to Secured Party, provided, ha+ever, that the future advances be made ~rithin 20 years fran the date of this aqreement, and that the total uapaid balance secured by this aqreement at any one time shall not e~cceed $25,000.00 plus interest thereon at the rate then agreed upon, pursuant to F.S. 697.04. Nothing contained in this agreement shall be deemed an obligation , on the part of S~cured Party to make any future advances. 13. If the collateral inclndes a motor vehicle the follvwinq provisions ehall be applicable: Debtor shall kes~ F the motor vehicle at the addre~s stated above when not in use: ~ , • ~ ~ Ba~K ly3 2149 .