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Gontrui No.
SECURlTY AGREEMENT
(FARM PRODUCIS)
TNIS AGRECMENT macig_ _ - ~~J • i 19.__... by and betwten
OKEECHOBEE COUNTY BANK
OKEECHOBEE. FLORIDA
!.~re~n calted "Bank", ano
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tName~a) ol Borrowe~tat 1
• . . a I'i 'l, v . i .
INo. aad Street) ;City) (Coun~Y~ (Staq)
he:ein called "Borrow~~".
In conside~atan ol leans or advances mr.~e o~ u, made by Bank to 9orrower. and lor o~her vatue receir~d Dy Bortower, the parri~s hereto,
intendinq !o b~ bgallr bound. aqree as tollows: -
l. As us~d her~in: "Bortower" indudes all corpo~a~ans and all indiriduals e:eculmq ~tiis a.;reemenl u pa~~iea he~eto. and all members
ot a partasrahip, wh~n Borrower is a pa~tn~rship. each ol wDom shall be lointly and seve~~lly liable individuaily and as parlne~s hereunder: ~b~
"Security infsr~st" meaus an interesl in properiy which secur~ payment or pe~tormance ot an obliqaHon: and tci '"Liability" or "liabil~tioi' indudes
ail loae?~ and advsnces made he~eundss by $ank b Borrowrer, and a!1 liahilities Ipri?narY, ~econdary, direc~, cantinqent. sole join~ or aer~rap due
or to become due o~ tAa1 map be hereafter contracted or acquired. ot Boi ~ow•er ~includ~nq aap Botrower and a~y olh~r pe~son? to Baak.
2. Uri the sc-cunly N Ifie CoUateral heteinalrer descnbed or ieterred to. Aank ea) is contempuu?eowip herew;itR tendinq b Borrow~r a sum at -
money specilied in a p~omissoey note ot evon data h~rewith, r:~~cuted and deli~ered bY Bortow~r lo Bank. payable as to principa! and inte:est aa 3
therein provided. or !b~ w~ll lcom time to time hanahar iend Borrower wch amounis as Sank may determine lrora ~wne ~o time. at such rates ot
~nteies~ and payable on such terms as Bank map tcom time to tim~ specJy or roquire, and Bank may require that such loans. or anr ol 1hem. ba
ev:daacec! by ptan~ssory note ot notes ot lhe Bonower in lorm salis(actory to Bank, o~ (c) both is nuw Isndinq and wrifl hereafter lead to Borrower
as mentioned w the loreqoinq ;a1 and (bi. For the rnnvenience ol the Borrow*e~. the Bant may mak~ loan advanees to the Borrower under any
pt:~musoty noto Ihe pnncipal iace amount ot which u in e:cess ot ~he actual unpaid principal balancs at such time. f
As s~curily !or Ihe paymenl d ali loans and advances now or in the futurt made he~e~n<lo~ and lot atl Borrowei's Habiliues. includinq
eny extensions, i~newals or changes in lorm ot any lhereol, and u security for pertormaare by 8or~~.w•~, ;i iha aqieemer.~; herem sat forth, Bcirower
hereby assigns 1o Bank and grants to Bank a security inlecc~t in Ihe td.low:nq qoods:
!a) CROPS: Ali ot the lolbwinq crops planted or qwwrinq. ot to be p+r:ited ot qrowing within seven years lrnm the date he~eof. on the
lands hereinaher described:
{b1 LIVESTOC ~ - ~ ' ~
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.C EfT E~r.~ ~/.vDt R.~,7-- K~~6 r EH~t ~vFR s/o
(c) FARM PRODUC'rs• i
s
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(di AU property aimilu W wtt described or ieterred to in "ia;'. ":b!", and "Ic)"'. above. w::~ch at any time atiay hareafter ~e acqutred by -
BorrowreA induding, but not limited to, addition~ and replacements and prc.yeny ot l~veatoclc ar.d animal~ aud ;aultry, and a(, p~~x;scu ot all such ~
pro}~eity aad of the crops describsd or rete~red to in "`ai' above_ ?
' Ni AD proteeds ot the sale or other d'uposilion o( any of the propertp descnbrd or :ete:re :'o in a' ro " d" iac:usive. aba~•e "a}i c: ;
which goods and prupirty destriDed or relerred to in "a?" to "!d:", inc:usi.e. dbove. end the F~1!K6'@dY :.ferird ::e~c~~r.. nre in th~s aqteement
calied ' Collateral"').
4. $crrower watranls thaL (al Honow~t is the owner o! the Collatecal cSear o! all tiens and ae.=urity ir.~erests exce~ t~ha secunty ~nte:est qranted
hereby: ibi Bc~rowe: has the rSght to make this ag:eemrnt: ;c~ a!i of t:~e Coi.ateral u or w:l1 't.ereme 1osaEVd or gr~wn ~i~ the land ,the farm. qrove,
cr other tatmin9-tYpe operation on whicb is oporated by Bonowerr 1n the Cour.:y o! • State oi 1
more panicularl? desa~bed as: , ' .
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(lt insufticient space. attach e:h~bit se1linq out comple!e de~^t~ption
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. . . V _ ~ J _ _ " ~ J ~ ' 7 ^ ] . ~ ' ~ . , - , ' ,
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! !d; the owner ot ownera ot record of said lands ta or ue:
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'e'. Boriower's residence, il not the ?and doscribed above, is at t;~e add~ess specitir.i in the p~eambte tp this aqreement. un}ess a d~tlerent address
haa been specitted in the loliowing apace:
:-~~f'...XX_~~ _i ~r.~;""L
(No. and Streetl•• (City) ~Ce:uity~ ;State`• ~
aed ifi i! the foUowing is checked sane or all ol th~ Collate~al Is beinq acquired by Borcoaec with the proceeds, or some part ot tAe ptocNde,
ot the loan or toans made 6ereunder. and Bonower her~vy authorises Banic to disburse said proceeds lo the seiter oi such ColLitenl ~ 1o t~ insutancs
agenf or broker, or both. as shown on Bank's records.
5. Borrawer tu:ther aqrees thal:
!al Borrower will pay ihe Bank all IiabL...~. ~wcludinq. but witAoul limitation, all amounu ot p:incipal, inte~est. and aher sums payabl~
under or by virfue ot any promissory note ot othar writinq aridencinq any liabiUty. and all paita an~! ir,stailme~ts thereotl n asd when ihe same
ehall be due and payable. whether a1 maturity, bp acceleratiea or otherwise, and will pe~torm all terms ot all promissory noles and olher w~ritinqs
evidencing the :iabiiiuss, and eacA ot them. and all terms oT ihls and aap other sec~rity or loan agreemen! between Berrower and Baak, aad wilt
discharqe al: wi.i )iabilities.
(bf Borro~s~c will de(end the Collateral against the claims and deraands of all persons.
(c) B~rrowsr will insure the Collateral aqaiast all hasards req uested by Bank in form aad amount satis(nctory to Bank. If Borrower laib
to obtain iucL insura~ce. 8ank shaU have the riq51 W obtain it at Dorrower's e:peflae. Horrawrer her~bT;aasiqns to Bank all riqhts to receive procseds
ot i~sutaooo and directs any irsurer to pay all proceeds duectiy tp $tnt, and `utLatis~s Bank b: iudexae any drah !or the proceeds.
(d) 8orrower wrill keep the Collateral in yood coadition and in aa unmanufactutsd sta1~; sltend to and care tor ehe Collateral: do all
other acts which may be necessary to raiu aad lauen livestock and 1o qrow.' cuiHvats, aptaT. iectilise, irriqale, cuf. harvest. pick, clean, preserve
and protoct tLe r,ops and (arm prxiucts, aU accordinq to ihe most approv~d'~dfods•ol tarmioq aad hu~b~sdry: prepare the Golta;eral for markst and
wLen it is readp tor markst promptiq nofify Hanic d such fact; foUowr Baaic's instruciaat, if any. w!!h zderencs to holdinq, shippinq, sbrinq snd
mukWnq the Co!laloral ,but Bank ahaU not be obliqated to qive any such ~~1~ 1~ ~*m aN b qs and improvemeats on said land in good
mndition and rspau~ qi~e Bank prompl notice of any damage W the Co11atllal, ot'~~~ih~r~ ~said land or b ihe iumiaq or othvr op~ra-
tioas operated t6e~~oa; and permit Baak to vnter upon ~air! lands at aU r~a~onable times lor the purpose o! ezaminiag the CoAateral and 1h~ land,
hntl~inas and imnrovemenb
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