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FHA 10G'-R~ord~c from: F~r~i~ Prfntmq Co.. Orlaado. Florida-lM-8-66-~11618 ;
SA~('aE2~RAL
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~a,~ K„~ ~ SECURITY AGREEMENT
. ' ~~E~~,EO (GENERAL) ~A~~
t~ Y
r S~~~,~O~C
~,~,Nt~~~o~~~ FIRST NATlOP!_AL BANK OF FCRT PlERCE
p}~~~~' FORT PIERCE, FLORIDA ~u~~ARY STAMPS AFFIXED TO
pR{61?rl1L ({OiE MIO 0~1NOLLL~
wiuy J. wuliams _ ~
[NameW ot Bonowret{s?]
than ons. ~ach oE th~m ~oh~ttlr aad N~~raiti). ~sr+~nat?er called •'Bwmwei•. ~ 1710 Avsnus Fott Pierce
[rto. ~na sa.«] [~hrl
St. L~1e FlOl~lda ~or ~a~n~ r~crh~d. h~nbT qrwM b
[~~l [s~~l
1~11 ~~~49l~'t~'~o $~iaFr°Aes p~`o~ame~ F~rt ~ec`~'dce~t'~a"'~n`Y~
s~A~
in'~'~io~ `a~"e$ ~~~°/b~ ~y
~e~?~e"~inett. ~
~r. . Sa~we13. Gains. Willv 7. Vl~i~lanu~. C. E. Bol~n. ~amsa A. Sk~enal, Iaura B. xancock. Roba:t L.
Chawt4, Riahstd F. ecsen Hoyt C M h, Ryp~rt . Smitxt, Hor~cy H~1 . Rob~rt CaBe, joha s
wi , a , . way as es e t a . a , ss ee, as
the
toqeth~r w[th all aeas~o~. parb. ~quipm~nt and aocdsioos now attaeh~d to or iwd in ca~n~c.lbn 1hu+witL or w~ maT h~rwiMr at anT fiM b~
placsd in or sdded b th~ abo~rdMerib~d Prop~rtT• and also aa~ aad all rsplao~nb ot ant sueh p:opKtr (all d w~eh b D~ninaiMr ea1Md ° -
lat~ral'?. b securs ths papmsnt d ILst e~rtain indobtedn~ss ~~ideaced by a promLwtT aot~ or nat~s ~:~cut~d b7 Bormwu in tD~ amo~mt of
Five Thousend and r~/100----- ~ 5, 000. 00 , ~ d,h h~n,.~,b, ,na ,nT ,~a ,n „ ,,.n„„~. ,h.=.d,
' aod anY and aII o11~er UabtiiWs or obliqations of the Bocrowu to th~ Securrd Partl. dir~ct oc iodir~ct. abrduM ar cm~4 sow ~aistinq or h~t~
' after aciainq, now dw or h~»att~r to beoom~ dw (aU hueinallsr called the "Obliqations.'~.
! Bamw~r h~r~ wurmb and aqrNS thaC
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1. Ths Co~atsral is acquired oc uaed primarflp lor. p personal. tamily or !?ousehdd purpass: ~J budnas us~: or Q farminq c~ratlAOS: aad. 3
!t check~d 6e» 0. is bstaq aaquind witb tLs proce~ds d ths loan prorlded tor in o~ secur~d bT thi~ aqrNm~aL and tL~ S~cund Partt ma7 di~-
burse such proc~ads or mY part thereoi d~ncttT b the s~ller ot the CoAabral.
n,. c~.tet~ .~n 96P. O. Box 3205 Fort Pierce St. Lucie Flosida
[No. ana-suoet) ICUTI I~+~h~] Is~+wJ
tbe address sbown si the b~q[natng ot thb aqreement: Dorrower will promPUY ~P Secured PutY d an7 dunqo io W~ beatjon d th~ Co1lat~ral
~vithin said snte: and Horrowat will not remo~~ the CoBateral i~om said stat~ without the wfitt~a oons~nt at S~c~u~d PutT.
3. If th~ Collat~ral b acquired or used primuilp ior penonal. iamily or hous~hold purposM, or fo~ ta:miaq op~rations wt. Bormw~r'~ rw~
dencs in Fbrida is tAat abown at tL~ D~ginninq d this aqce~ment aud Bcrrower wrilt immdiat~lp noti(T S~cvr~d Part7 d mY ~hang~ in tb~ bealim
oE said nsid~aa.
4. If Ih~ Collat~ral b b b~ attachsd to real ~stat~. a desaiption of th~ nal ~stat~. loeat~d a~ • T.11C10 ~~7,
Th~ SW 1/4 0~ S~ction 32, Taw~ship 34 3outh, Renq~ ~0 '
.~SS°`~~
,:'~ess~e°n~ q m bae s or p c r~a s, e e .
and ths nams o[ tb~ lmowa owner jr ~Uta B. Hanvock~ eg ~USt68 .
and tL~ Col4ural is anacb~d to rsal e~uts prbr to th~ perfeclion ot tbe s~curitr inter~sl qru?ted hs»bY. Bocrow~r will. cn demand d S~cur~d
Party. tumish ths laltsr with a dlaclaim~r or discLimezs. si~qnsd by all perwns ha~inq aa fnter~st in Uu r~al Mtate. ot an7 lnt~rW in th~ Collat~ral
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» that is prior to Secured Pariy'~ int~rest.
~ S. U th~ Co1Lt~ra1 4 aoquir~d or w~d primuily br busiwa~ us~ and is d a tTp~ nocmally us~d In mor~ tLan a?~ stab. whNh~r a aat w
~ wed, aad Eorrow~r has a plac~ o! Busin~n in m«s than on~ state. th~ ~E plac~ d busin~ d Horro~w~r b• i
[Na and Shwt) i
f
. a~.
[Citf~ ~~~T~ ~&+1~]
U left bLalr, ~ that ahown at th~ begiaaing ot this aqre~men4 and Borrowet will imm~dLbly notiflr S~cvr~d PutT ia wrltinq o! aaT e6aaq~ in Doc-
row~r's chisf plaa d buainess: aad it osstificaas oi tiW are i~wed or oulstandlnq with rssp~ct w anl d tL~ Collateral. Bormw~r w1U csuM tb~
int~nst d S~eu:~d Partlr to b~ pcopedp no1~d tLm~.
6. FacYpt for th~ s~eurtty tnt~rMt qranud b~r~. Boc~ower is the aw~n~r d tL~ Collat~wl trN Irom anY ad~~ 1Mn. Nc~uttT lal~nst or
~ encvmbraao~: and Sorcaw~r will d~hnd tl~ Covat~ral aqahut all daims and d~mand~ o# all p~rson~ at anT tim~ daiminq W~ sam~ or aaT 1nMrwt
thlTlin. F
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9. No Finandaq Sta»m~nt oo~~rinq anT CoUatenl o~ any prooMd~ th~r~ot ts om 83~ ia anp public oNicy: Dorrow~r aulborlsw S~c~u~d Pattt i
eo HI~. in jurisdictjaos whvr~ this autfioritariac will b~ qhen eH~ct. a Financinq St:t~m~nt siqn~d oolr blr tL~ S~cur~d Putt dwcrlbinq th~ ConaUrd
ln tb~ wm~ maon~r as it is dNCrtb~d h~nia: aad hom tiiw b Hm~ at tb~ nqwst ot 3~cur~d Putt. ~ ae~ or ma~ Flnaac~q Stabm~aM
and sud, aL.r do~vm.na (aad pa7 d,. oosi d fiuny or r.oaalaq ib• sam. all pubUc oHfo~. d..m.d n.o...ari a d.~frabN by tb. S~au.d PartT)
aad do sud~ al~r scb and thlnq~. alt as th~ Ssc~u~d Party map b~stabli~p mai~tain a~aHd ~cvrlt~ lnteirst fa tM CoOaM:a1 (hM d
aU ah~r lien~ aad cfaims whauwv~r) to s~cur~ ~h~ papment d~atlpni. . witbut limitaKon, d~poNt wYh S~c~u~d Pa~tt d aot d:.
Bcats d eNL Isawb4 with r~sp~ct to an7 of the Collat~ral aad th~aoa at labnat ba~uad~r. O~ ~rr
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