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Home My WebLink About0959 k~ ~ r,` . . . Borrowtr will det~nd th~ Cotlat~ral s~ainst th~ ctsima and Mmands ot all persor?s at any tim~ ctsimin~ th~ sam~ or any i~tenst tMrN~. ? S. No Finsncing Stst~mtM coverins any Co11aN.at w any D?xe~ds tMreot is on tile in any pubiie offx~: Bo?rower authori:~s Sscund Party to fil~. v ~n iurisdittions wAtr~ this sulhoritation will be tiwn eH~tt. s Finantint Stat~mt~t siQ~ed on~y by tM S~eured PaRY desc.ipin~ tM Collsttrsl in tM ssme mann~r as ~t is d~strib~d Mnin; and trom time to tim~ at tM r~pwst of S~turW Psrty. ex~cut~ on~ w mor~ iinancine Statem~nts snd such olMr docu• ~ ments (and pay tM cost of filins or recoMing ths sam~ i~ stl puWic offic~s dKmed nec~ssary or dosi?aW~ by th~ Secu?ed Party) and do such othe? xts artd ~h~ngs. atl ss tM S~cur~d Party may repwst to asta0lish and maintain s vslid s~cu~tr interest in th~ Collateral (1.e~ of a11 otMr Iienz and claims Mhstso- ever) to setun tM paytrKnt o/ tM I~abiliti~s, includins. witAout timitation. d~posit with Sacurcd Party of any ceRificatas of titl~ IssuaWe with respect to any oi the Collateral a~d notation tMnw~ oi th~ s~curity interest hereunde~. 6. Borrow~r.will not (a) permit any lie~s or saturity interests (otAer than Securad Party's security interasU to attsch to any of th~ Collateral: (D) permit any of the Collat~rat to M I~viad upw~ undar any kgal process: (e) sett, transfer, lease, w otherwise dispose ot any oi th~ Col~ateral or any i~terest the~ein, or offer so to do, without tM prior writt~n cons~nt of Secund Party: (d) permit anythins to M done tha! may impair the valut of sny o( th~ Collabrsl or the secuntr intendld to b~ aNo~d~d by tAis a`reem~~t: or p~rmit th~ Collat~ral to bt w becon?~ a fiYture (and it is exp~essly covensnted. warranted and .~greed. thst the Collat~ral, snd wery part tMnof, wh~tAer sffi:~d to any r~~tty o? not, sha11 be artd remain personal property). w to b~come sn xcass~o~ to other goods or prop~Ry. 7. Borrow~r will (a) at stl timts kap tM Col~at~ral i~surtd at~inst {oss, damage, thek, and such olher risks as Sacured Party may repuirs in such ,rr,ounts and companies and under sueh polici~s s~d in such torm, snd for such periods, as sha11 be satisfacto~r to Secured Party, and exh such policy shall U•ov~de that loss ther~under anA proceeds payaWe th~nund~r shall A~ psYabl~ to Secured PsRy as its interest may sppear (and Secured PaRy may apD~Y ,ny prxeeds of such insurance wAicA may b~ nceiwd py S~cureA PaAy towsrd parment of the liabil~ties. whether due or oot due. in such order of appGca t~on as Secured Party may determine) and esch such policy shall provid~ for 10 days' written minimum cancellation notice to Secured Party: and each such poi;cy shall. if Securcd Party so reQuests, b~ depos~ted with Secured Party; and Sacured Party may act as attorney iw Borrower i~ obtainin& adjusting, settl~nQ, ,nd cancelting suth insurante and indorsi~t any drafts; (b) at all tim~s k~ep tAe Collateral iree f?om any adverse li~n, security interest. or entumDrance and ~n good order and repair and will not waste or destroy tM Collaterat or any part th~root. 8. (a) Borrovrer will not use the Col~atenl w p~rtnit tha samt to be us~d in vio~ation ot sny statute or o~dinance: and Secured Party may ~xamine and ~nspect the Cdlatenl at any time, wh~revsr located. Bwrower wilt WY C~omptly when due all taxes and assessments upon the Coltat~nl or for its use or :peration or upon this agreement or upon any note or not~s or dh~r writins ~videncing the liab~llties. or any of lAem. 9. At its option. Secu~ed Party may dfseharge taxes, lie~s o~ sacuritr interests or other en~umaances at any time levied w plxtd on th~ Cotlateral. may pay for insurance a+ th~ Collaterat, and may psy to~ the malntenanc~ and Draservatinn of the Collatenl. Borrower agrees to reimburs~ Secured PaRy on dema~d for any payment made. or any expense incurnd, by S~cur~d Pa~ty, pursua~t to the foregang authorization. Until default. Bor?ower may hare pos- session ot Collateral and uss it in any lawful manner not inconsistertt with this agreement and not inconsistMt with any policy of insuranc~ therson. 10. Bor.ower shall b~ in de~autt w?der this agre~ment upa+ th~ hsppenin~ o( any o! the following events or conditions: isiluro or omiuion to D~Y wfiM due any liability (or any installment thereof or inbrest thereon), or defauR In tM D~Yment or pertorma++ce of any obli~ation, tovcnant, atre~msnt, or liability i contained or referred to herein; (b) any warranty. repr~zentation. o~ statement made or tumish~d to Secured PaRy by or on behali of any Borrower proves to ' nave been false in any material respect wh~n madt or tumished; (c) toss, theft. substant~sl damage, destruction. sate, or encumbranc~ to w of any of the Collateral. or the maki~g of any levy. seizure, or attachment thenot or thereon: (d) any Obiigw (which term, as used her~in, shall mean each Borrower and i ~ each othe~ party D~marily o? sxondarily or contingantty liabte on any ot the Iisbilities) becom~s insolvent or unable to Day debts ss they maturo o~ makes an assignme~t tor tl~e benefit of cred'+tors. w any prxaeding is instituted by or s~ainst a~y Obliaor allegins tAst such Obligor is insolvent o~ unable to pay deDls ; as they mature: (e) entry of any jud6ment against sny Obttsor; (n d~ath ot •ny Obligw who is a naturst person. or of any Dart~e~ of any OWi~or which is s ? v3~nershiD: dissolut~on, me?gei or consolidation. or transter ol a substantial paR of the property of any Obligor which is a corporation o~ a partn~rsAiD: ~ ! h) appointment of a receiver tor the Collateral or any tAereof or for any propeRy irt whicA any Borrow~r has any rotero _ § 11. Upon the oteurre~ce of any suth deiauk or at any tim~ th~reaft~r. or whenwer tM Secured Party teels insecure fo? any resso~ rrhatsoeve?. S~- ~ cu~ed PaRy may, at its option, decla~s a11 liabititi~s s~cund hereby, or sny of iAem (notwithstandine any Drovisions tn~~eon, imm~diately dw and payaW~ »ithout demand w notice o( a~y kind and tM same lhercupon shyll immediately become and be du~ and psyabl~ without Mmand o? notiq (but writh such ~ adjustmenls, it any, with respect to int~rest or other charQes ss msy be provided for in the p?omissory note or c+th~r writing evidancin~ sucA liability), and Securod PsRy shall Aava and may ~ercise from time ta tirrH sny snd all ri~hts snd r~medits of a Securcd Party under th~ Uniform Commercial Codt snd ~ ary and all riLhts and rem~dies availaDl~ to it under any otMr applic~We Iaw, and upon npuest or d~mand of Sacured Party. Bor?ow~r shslG st its expense. assemW~ th~ Collateral and maks it availsWe to th~ S~cured PaRy at a convenient place aec~ptable to S~cur~d Party: snd Borrow~r shsll promFtly pay all ~ costs of S~curod Party of eollection of sny and sll tM tiabiliti~s. a~d ~ntorcem~M of rishts her~und~r. includin~ ressonable attorn~ys' t~ss and Is~al aepenses and e:penses o( anY rcpsirs to any of th~ Collrienl snd ~~ns~s of s~y ~pairs to any r~aky o~ oth~r prop~~tp to which sny ot th~ Collsbnl msy b~ affixed- Any ndice of sste. dispositio~ or oth~r int~~dsd xtion py S~eur~d Party, sent to Borrower st th~ addr~ss M 6o?roMr~r specifi~d sbow or at any oth~r sddnss shown on th~ r~co.ds of Secur~d Party, at I~sst ffw dsys prior to such action, shsll constkute r~ssonsW~ notic~ to Borrovwr• E~cp~ns~s ot r~tskins. ho~d~^i. creparing for sale, selling, or the like, shsll inctud~ S~cur~d PaRys r~asonaWe sttom~ys' hes and te~sl e:p~nses. AnY s:c~ss or surplus of proc~ads of sny d~sposition of any of tht Collsteral may b~ ~pplied by S~cured PaRy towsrd psyment ot sucA ot th~ IiabiRi~s. and in such ordtr oi application, as S~cund Party may from time to tirrN Ntct. 12. No waivar by Secured Psrty o( any defauk sh~ll op~rate ss s wsiv~r o~ anr other d~fault o? of th~ ssme detauk on a futun occssion. No delay w ~ omission on the paR of Secured PaRy in ~~rcisin~ any risht or remedy shsfl operat~ ss s waiver thereol, snd no sin~le or pa?tial exercis~ by Secursd PaRy ~ of any riaht w remedy shsll p~ectud~ any otMr or turther ~aercise tMnoi or the ex~rcise of any otMr ri~t w remedy- Tim~ is of tM ~sstnc~ ot this a~ree- ment. The Drovisions o( this asreem~nt ar~ cumulatiw snd i~ additlon to tM provisions of any not~ secured by thls atr~eme~~ snd Secure0 Par~y sAall hsw a1t the ben~fits, rights snd remedies ot and un0e~ s~y not~ s~tured Mrtpy. If ~nor~ thsn or?~ paRy shall execut~ this agreemet~~ tlu tt~m "Borrowtr" shall ~ mean alt psRies signing this streem~nt and tsch of them, a~d all such parties shall p~ jointlr and sw~rsllY obti~st~d and liable Mnunder. TAt sinsuts~ pro- noun, when usad herein, shall intlude tM plursl a~d th~ n~ut~r shall intlude masculin~ and feminint. If tAis sg?eement is not dated ~rh~n ~ncuted Dy tM Bor- ~ rower, the S~cur~0 PaRy is suthorii~d, without notic~ to tM Borrov~er, to dsU this ag?Nment. This a~raement shsll Deeom~ ~ft~ctiw ss of th~ dah ot this agreement. All rishts of Secured PsRy h~reund~r shstl inun to tM bM~fit of its sutctssors and sssigns; sM all IisDilitiss oi Borrow~r shall Wnd tM Acin. `y e¦ecuton. administrston, succKSOn srM assi~ns oi eseh Bormrwr. r: 13. This asr~em~nt has Deen ddivend in tM Stat~ ot Florids snd shall b~ construed in xcordance witA the laws of Florida. MIiKr~wr possible. ~xh i prov~sio~ of this s~rstment shstl Qe int~ryreted in suth manner ss to De ~H~ctive and valid under aDpticaDl~ law, but if sny provision of this sQrNmerK shall ~ be prohibit~d by or invalid unde? appliubl~ law, such provision sball b~ inefh~t~w to the eutent of sucA prohibitioo w inrslldity, without inwlidstin~ tht re- maind~r of suth prwision o~ th~ remainint provisions of this a~rNm~nt. t~ IN WITNESS WHEREOF, this asr~trrNnt has bNn duly ~:~eut~d as of th• 31 st a,y o~ January , 19 ?2 , L~~.rv/w ~ ~LL~C1 ~~1 ' ~ (SEAL) 'F'f S~gned. sesled s d deliwr~d ~n th~ p~ls~nA O ~ . ' (SE/1L) a:~ ~ ~ ~ Cr ~i 't`'7 _ ~$~L~ ~:z 4i BOffOMNf ~r; S . WCI~ COUNTY . ROCER POITRAS [s«~?.d ~sRr n«a s~sn «+~r it ,i...m•M ~s to a ~sw as a Financin~ Stat~mentJ ~ CIER~ C~?CUtT COURT RECQR~ VER~FIED.~...~.'~- s~ FEa Z 918 bM ~TZ ~ ~p ~`K _ . ~Z~3~.'~4 ~ODK 1~ FACE ~7J0 t~ ~