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t;.'C 300 NO. lAl?t REOROER iROM-FOR IE SYSTE6IS. 60X 10163. TAIAPA. FLA FL 68~3
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Contr~ct N0.
SECURITY AGREEMENT
coNSU~R aoocs
ST. lUC1E C~UNTY BANK
FORT PIERCE~ FLORIDA
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Jamee H. Mendel, Jr. M. D. P. A. M
;r,~m.c.~ ~ eo..o....cs» - 1090 Virguiia Avenue, Ft. Pierc e
t~an on~, ~acA W thar jointly and s~wrall». MninaRtr uthd •'Bweo.~'. 01
(No. and SL'MtJ [CnYI
St. Lucie Florida ~~w iM~ndin~ to b~ N~slly bound. n...nr a~a~ eo
[Cow+bl [stst~) '
ST. LUCIE OOUHTY BANK FORT PIERCE. FLORtDA AffNMhN Cill~d "S~cund Party'. • s~curity iM~nst in tM
tollowint propNty:
New w Y~a~ Msnuhetur~r o? ModN Nwnb~r Manufactu~s
Us~d ModN MsM (Trsd~ Nsm~) D~scription of Coll~t~nl w S~.Ns SNisl Na
14 paintings listed below: .
1. Mangrove in the Moonlight;2. Mangrove Arch of a North Fork; 3. Jack Isiand
~ Birds; 4. Alexander's Springs Forest; 5. Red Flowers in Vase; 6. Labor Day
i Storm South Beach; Mother's Castle, France; ~8. Bridge in French Village;
~ 9. C rotons; 10. Jonathan Dickinson Park; 11. St. Lucie River; 12. Peace River;
~ 13. Everglades Cypress; 14. Bananas in Back Yard.
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~ This security agreement supersedes Security Agreement dated January 31, 1972
~ recarded in O. R. Book 1q9 Page 957.
together with all incnssq. parts, fitti~s. ~ee~ssorits. ~putOm~r~t. uW sM~al toois raw or MnaR~r aMx~d tp sny or ~ny psR tlarwf w us~d in eo~n~etlot~
..!tn any the»of. snd sll nplscuna~ts of sU w~ny paR ther~of (~il d Mrhieh Fs h~naft~? uiNd "Co1lat~raY~. to s~tun tM paymw~t of s promissory ewb a
~ ~o«S .xK~eb e«.~.... i~ a Three Thoueand and No/ 100
, s s • of ewn dst~ her~with. snd s~y snd stl ncta~sions w nr?ewals th~nof. snd sny and all otMr IisbilRi~s w obti~ations (p~fmary.
3 000 00
~ ~econdsry, dirett, toMtrq[ent, soN. M~~~. a~~~~ due or to b~come due or which msy be h~naRer eontrsct~d w ~Wu~?ed. of ~+ch borrow~r (inctudins ~sch
Bo+rawer ~nd sny dhK p~rson) to S~cund Party (ail tM fwe~oinQ bNn` MreinaftK cslbd tM 'liabitities'7, snd alao to s~cun tM p~rtormance bY Bonow~?
c! the agr~ements Mrelnafter s~t foRh.
Bo~rowe~ M?tpy rrarraMs s~d atrNf ths~
I. ls) Bonower is tM own~r ot tM Collsbrsl cNar W all Ilsns snd s~cer:ty iMNtsts ~cpt tM s~curity iM~nst ~nrNW Mnby: (b) Bono~wr has tM
. ent to mab tbis s~.eem~M: snd (c) TM Collat~.al is us~d w sequir~d iw us~ primsdy tor th~ PurPos~ cMck~d: 1~ p~rso~~l. (amHy w hous~Aold purpos~s:
tarm purposes: or business purpos~s: snd If tMtlc~d Mr~ tM Colistaal is bdn{ ~tquir~O with tl?~ proea~ds ot tM loso ptovid~d for in a
~ secured br this sireemeM. snd s~id prOCNd! trill b~ us~d fOr n0 dhN pu~pOS~. and Bonowtr Mnby suthoris~s S~eund Puty to disbun~ such procNds w
a~y DsR therwf dinctlr to tM stll~r W tM Cot~abrsl ot to tM insursnt~ s~Mt or brok~r, or Opth, s~ shown on S~cund Partyt ncords.
1090 Yirginia Avenue Ft. Pierce St. Lucxe Florida
~ 2. (a) The Co~latersl wili be Mept
[No. snd Stn~t1 [~Y] [Stat~)
~ o~ ,1 Itk blsnk, at the address shown st the M~innins M tAis s~r~em~r?t: Bw?ow~r rrill promptfy notify S~curW PaRy W ~ny thar~~ in tM locstio~ ot tM
~ ':onaterat within ssid sbtr, and Borrow~r will not hmow tM Coilat~ral trom ssid statt withaR tM writt~n co~stM of S~tur~d PaRy. (b) If th~ Coilattrai is
:sed or scqwred (or ux Drimsrily Ior penonst, famllr or hous~hold purposts. or for hrm purpos~s. Bwrow~s ?~sid~+~c~ in Fbrida is lhst shown st tM bt-
- g ~~~ng of this asreement and Borrower will ImmWi~tdy ndify S~cuhd Psrty ot any chsn~e in tM ixstion of s~id ?~sidenc~.
- 3. (s) 1( th~ Ccllatersl is xquir~d w us~d primsrily tor Eusin~ss ust snd is of s qp~ nwms{ly used in mor~ than on~ st~te. wMtMi or not so us~d.
f~;y ~,~5 Borrower hss a p1sc~ of business in mor~ thso on~ stsN, tM chid plau ol busin~ss M Borrow~r ts:
[Wi. and Stnatj
- or, fl Nit blsnk is that showo st tM bt~innln~ ot this asr~tm~nt, aod Borrow~r
R; [CitY1 [CountY] [Stat~~
" ~mmed~attly not~fy Secured PaAy ~n writin~ oi any ehsnp ie Borrowefs thief plx~ ot Dusinsss. (E) If certificst~s ot titl~_are issued w outstsndin~ with
h• :nect to any ol the Collateral. Borrower w~ll csuse the interest ot Secured PsRY to be props~ty noted tht~~on and detivn sucA ceRifitstK ot tit1~ to Secured
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