HomeMy WebLinkAbout0202 l
i~ u~i+iROwi~YCOUwt~C~w~ toostiiNO ow~cowi
1~ ~ ~~~~0 •ow~a
: i
I
i ,
~ ~ ~4PC1I1'if EPltiett# , i
;I ~ c~$r I
~ i (CNATI~L MOR7~ACE)
I
~his ~lgreeutert, ~aa~ d~~ 5th aay oc April i9 72
uader the law~s of the state of Florida
~CnUPelt
CLINT DAVIS CO. INC, herein called d~e Deboor
~rhose busiaess address is (if no~e, w+rite "none") 1401 North 2nd Street, FOtt Fi@I'Ce, Fli.
and ahose residence address is
~d The FIRST NATIONAL BANK OF heceia called che Secvred P '
+ FORT PIERCE arcy
~ a?t?os~ addr~ss is 300 South 6th Street, Fort Pierce, Fla i~~~
i - •
~
~ ~It11F88Pf~~: i
~ To secvre the paymmc of an indebcedness in ch~ amounc of = 60, 000 . 00 with interest, i
~ payable as follo~rs: (C,Qpy OF NOTE HERETO ATTACHED) ~
. (
I ~
~ ~ r~,
, ~
.
.
I
i
~
~
j~ as evideaced by a note or notes of evea date 6erewith, and also to secnre aay oiber indebtedness ot liability
~ of the Debtor co c~e Secured Party direct or indirect, absolnte or contingent, due or to become due, rww ezisting
i j or hereafcer azising, includiag a!1 futuct advances or loans w6ich may be made at che op~ion of tbe Secured
! j Party, {g~l hereinaher called the 'bbligacions") Debtor hereby grapcs and conveys to the S~cured Party a
; secutity interest ia. and moccgages to the Secuced Party, I
! j (a) the pmpecty described in the schedule 6erein (heninaf cet called the collateral). ~vhich rnllatecal the ~
i! Debtor represents ~vill be used pcimarily ~ `
~ ? for personal, family or houselwld pucposes ? in farming operatiods ~ in business or othet use
~ (b) all propetty, goods and chattels of the same classes as those schedaled~ acquired by the Debtor sub f
sequent to the ezecution oE this agceemeat aad prior oo its termination !
f~ (c) a11 proceeds theteof, if aay~
' (d) all incceases, substitutions~ replacements, additioas and accessioas thereto. '
fI
~ ~ I DEB71~R WARRAN7~ COVENAIVTS A1VD AGRF.~S AS FnLLOWS:
I To pay aad pettoan sA o( tbe obligations secured by this agreement according to their teems. '
~ To defend the citle to the coilateral against all persons and aaaiost alt claims sod demaods ~rhatsoever, ~v6ic6
~ collateral, e:cept (or the secvrity ioterest atanted hereby~ is la~rfully owmrd by the Debwt and is now free sod cleat of
~ aoy and all lieos, security interests~ claims, cLarges, encumbcances, ta:es and assessmeats ezcept as may be set forth
in the schednle. f
On demand of the secured parcy co do t6e follo~vina: fumish fut[her assutaace of ci~le, e:ecute aay wriccen aareemmc
I or do any otAer accs necessary co eE(ectuace c6e purpo ses and provisions of tais aateemmt, ezecute any insteument ot statr
menc required by law or ot6en.ise in order co perfecc, coacinue or cecminace che secuacy inceresc of c6e Secured Party ia
c6e collatenl aad pay all costs of filioa in coanecdoo there~rith.
To re[ain possessioo of t6e collateral duriog the ezisceoce of chis agreemenc and aoc to sell e:change, assiao. ban.
deliver. least. cwttaage ot otberwise dispose of srme without the ~rritten conseot of the Secnred ~arty.
~ To keep t6e rnllatetel at the bcation specified, in t6e schedule and ~oc ~o remove same (e:cept in che usual oourse of
i b~siness fot temporary peciods) wichouc tAe prior vntten consent of tbe Secvred Pst~y,
: To lceep the collateral Eree and clear of all lims. c6arges. encumbraoces, trzes tad assessments.
To pay, whea due~ al! tsses, assessments aad licrose fees telatina co the collateral.
To l~eep the collateral, at Debmr's oao cost and e:pense, in sood repaic snd condition and aot to misuse. abuse.
.yssce or allow oo deteriora~e ezcept for ao~mal wear and tear and oo m~ke aame a~ailable (or inspettion by the Secuted
~ Parcy ac all reaaoaable cimes.
; i To Iceep the collateral insured a~ainst loss by Eire (including ezteaded co~erage) theh aad othet 6uatds as t}~e
; Secwred Pacty may cequire and o0 obcain collision insurance if applic~ble. Policies s6al! ~e ia sucb foaa aad amo~mts aod
; wich such companies as the Secured Parcq may desianace. Policies shall be obuined fcom responaible inautots.tueboriud
i~ co do business in tius sate. Ce~ti6cates of insutance oc polieies, p~yable o~ t6e respecri~e parties as their intecest may
appear, sba11 be deposiced wit6 the Secured Pirtq wbo is wchorized, buc under ao ducy, to obtsin such insucaace upon ;
failure of t6e Debcor m do so. Debcor shaU i~e immedi:ce wriaen ootice to che Secvred Pany and to iosueors of loss or ~
damaae to c6e coll~cenl snd sh~ll p[omptly ~e pwofs of lois wic6 inwiota. Debtot 6ereby appoints tbe Secured patty tbe t
~ utomey for ~he Debcor in obcainina, adjuscioa aod cancelGn6 ~ny such insuraoce aad endorsin6 settlement dr~fes aod
i ~ herebY assig~ s to the Secured Partr all sums whicb may become paya6le uoder suc6 insnrance, ineludio6 retnm premiums
and di~rideads, •s idditioa~l secunty for the indcbtedness.
f~
~ ~
t .:e~ ` • _ . ~
. ~ ~ - ~ ~
. ~,~'-~..e~~ ~ ~'~.r~~ -