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tt eais •aree.eo~ is secvri~r tw a b.a co b• u.ed ~o pay .p.~~o~ •11 ot cAe pucchase price ot che co11.~e~a1; to use tbe ~
~to ceed~ ot tl~e b~n oo y d~e puec6ue pric~. Klllls Mf~ ~Ild iaswr~ace p~esiums. l~e Secuoed f~utp bore~et...r P•r
n
thspo ceeda direcdy oo e s~11K of che colt~t~tal.
To iawaed'~telr, «~ry ~be s~~~ p.ar is ~rtiaas ot aer c?~ase io ot distoatiau~ace of Uebtot'spl~cc ot p~~ces ot
busiaess aad~or cts~~eoce.
'll~~t if the collaecal has beea •taehed co o~ is co be uuc6ed.to ~eal e~cae. ~ deseriptioa ot tbe ted esate and t6e
a~oe ~aa addaas of tee ceco~o owuet is i~~ i~w :a we h~:~i~; Ii :Ls :a;~ :~1is::;s: :s stta~~:d ta :ea! e~:ate
~ prior co ehe perEeaioa oI the securitp iatecese aaated hecebY~ Debtot will oa dem~nd of the Setuted P~np fumish the I~ttec
v~th a discl~ime~ oc disclai~sers. sisned by all petwns h~~taa w iaterest ia the teal estate.ol~ariatetestinthecoli~teal ~
.rhich is p[ior to Secu~ed P~rep's iaterest. ~
TH~' PAR77lS FURTHER AGREE ~ ~
Nocea. if ~ny~ e:ecuted ia comectioa wit6 this aaceemeat. ace separace insctumeats aad may be ae6oeiaeed by Secvred
Paity witlaut releaaias Debooc. d?e collacenl~ ot ~nr au~raaeor or ca~m~lcer. Deboor ca~seaes co aar esceasaa of tiooe of
paymen~. if there be more d~w oae Deboor.-~u u~no~~ or co~dcer of this ~aceemeat or of ootes sewced bereby. che obliaa-
cion of all sball be pcimary. joiot and se~eral. -
~ai~er of oracquiesceace ia aar detault by die Deboor,oc [~ilure of the Secu~ed Paecy co insist upoa stricc per(o~m~nce
by the Deb~oc of aar. ~ramaties or aateemcats in tLis secvriqr sa[eemeot. sL~ll aot coasacute • w~~ec of any subsequmt
or ocher default or fulure. '
Nouces oo either parcy shdl be in wdcios aad shaU be delivered pecsoa~ll~ or by mail sddtessed to d~e patty Rc che
e
addcess heceia sec brt6 oc ochervise desiana~ed in writioa.
The Uaibtm Commecciai Code shali.sovem the riahts, duties aad remediea of the parcies ~nd aay pro~isioas hereia
declued in~~lid mde~ aoy la~ shdl not ia~alidate any other pro~ision or tbis aareemrnc. ~
'The follo~riaa s6~ll constitute a default by Oebcor:
Failure oo pay the ptincipal or aay inscallmtat of pdncipal or of intetest oa the iadebtcdness ot ~ny twtes w6en due.
Failure by Deboor oo complq with or petfo~m anr p~ovision oE this aareemwa -
Fslse or ausleadina tepreseatatioas or warraanes made or ivm by Debtor in oomecdoa wrich this agreemeat.
Subjeccion of che collace~d to le~y of e:ecudon or other ju~icial pmcess.
Commmcemmt of aay insol~ency proceedioa by or a6aiast the Deboor or of aay au~tanoor oE or surecy for ~he Debmr's
obliaacioas.
Death of the Debo~r or oE any Guuaacorof or surety for the Deboor's qbli$atioas.
Any teduction in the ~alue of the collateral or aay act of che Debcor ~rhich impedls the p~ospect of [ull petEocmance or
sacis(acuoa of the Debcor's obliaatioos herein.
Upoa any default of tLe Debtor and at the opaon of the Secured Pa~tp. the obli6etions secu~ed by t6is sareemeot shall
immediately become due and payable ia Eull withouc noace or demaad and et?e Secured Fany s6all have all t6e ~igLts. rem-
edies aad pci~ileaes wic6 respect to repossession. reteation and sale of che collacecal and disposition oE tLe ~roceeds as
a~e accorded oo aSecviced Party by the appliceble secuoas of the Unifoim Commeccial Code reapecana "DeEsult'. in cffecc
I as of che date of chis Security Aareemmc.
Upoo sny dehult, the Secured Party's teasonable attomey's fees and the legal aad other e~enses fot pursuing,
~ searchioa for, cecei~ina. cakia . keepina, storina. ad~eccisiaa, and selling c6e colla[eral shall be c6araeable m the Debtor.
Tbe Debtot shall remain ~able for any de~icirncy resulcing fmm a sale of the collateral aad shall pay aay such do-
ficiency Eocth~rich on demand. ~
lf the Debtor shall defaulc ia che perfo~maoce of any of the pcovisioas of chis aareemeac oa che Deb~or's part to be peF
focmed. Secured Party may petEotm same /or the Debtor's account aad aay monies e:pended in so doina s6all be chuaeable
~ wich in~eresc co the Debooc and added co the ladebtedness secured 6eteby.
ln conjuricdon with, addicion to or subscieution (or chose ri~?ts. Secured Panq. at lus discrerion. may: (1) entet upon
Debtor's premises peaceablq by Secured Parcy•s own means or wu6 legal ptocess and take possession of che collatenl, or
render ic unusaWe, or disposc of the colleceral on tLe Debtor's premises aad c6e Debtor asrees aot co cesisc or incerfece;
(2) require Debcor oo assemble the rnllacenl and malce i~ a~ailable to the Secured Party ac a place to be desisuated by t6e
I Secuted Party. teasoaably coo~eaient to boc6 partics (Debcor aacees chac che Secured Psrcq.'s address as set fortb above is
a place reasonably convrnient for such assembliag); (3) ~less the collateral is perishable or threacens w decline speedily
in value or is of a cype customarily sold oa a recognized matket, Secured Party will give Debtor reaso4able aoace of the
time and place of anypublic sale t6ereof or of t6e time after whichaay private sale or aay other iateaded disposition there-
of is to be made. T6e requirements of ressoaable noticc will be met if such notice is mailed, postaae prepaid, to. the ad-
dress of the Debtor s6ow+n above. st least three dars befote the ame of sale or disposition.
Secured Party may assi~o this agreemmt and if assigaed the assignee s6all be endtled. upon notifying the Deboor, co
perfocmaace of all of Debcor s obligadoos and agreemrnts 6ereuader aad the assignee shall be enticled to ell oE the rights
aod remedies of t6eSecured Pacty heretwder.Debtor will assea no claims or defeases Deboor msy have agaiasc the Secured
Parcy.~ against t6e assignee.
Tbe Secured Parcy is hereby auchorized co file a Finaacia6 Sacemmc.
. ~
C p p y . INST~LL~tBHT_ I.0~1H .NOTB. C O P Y . = 60.000.04~ 4
F~sr N~Tiot~~u._ e~K ~ Fc~t ~.a~c~ . ~ ~
FORT ~tERC~. FIORIbA • ~ .
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Fa ~a1ns reoattid,-d~a uodssdg~ad. ~oiatl~ aad ss~eca~. p~+ami~e oo P~r ao tLe a~dar ofs .
?~iB FSIS? I~tAiIDlIItL fANK O!= PQlCr P~B,-FLOliIDA, . - i
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PsY:wa m S.~ _ ;aocs+dra ~ ~ vt i ~ • aa~?1 la~tal~tarenc ot = ..-.r~-s~--
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. comaieAdq6 on J~y 11~..._...-._: lY~, ~oaetbec. wt~b inteceu u~pon aU ama ~ne hersnnde~ aioec thstc,iespecti~re ma- .
~ u tlre rste cE ~t p,c oeac p~c .maam.a~cn r.td, an~:,~31 oo.a ~oE oslk~don. se~a~diaa a zea.owble a~oe~'i fea if_eoll~oed ~
K oo ~d bsok a
by 1ega1 proooedi~ a- tl~oagl? aa a~oc~s~ ~K L?~: .To fietDer ~eores tD~i ~vos tie. ~piepiEped +lp ~ra~ ~sdA~slly
lein an ~ll p~opecq. . aa~o~qt ~oooemtt atM ~mida; oE t6s ep~deed~d a sa~r et tirt uAdasigp~d, awit,e~t D~altet,tn e~e poreado~ of , '
p.
~ said baqlt wl~h rl~a.aE ooiLeceLon apd :~Ist a~oOpR f~ aa~ ae~o~Ct sQeoal~o! aaaf ba.~sd oin~b l~e aMs defaolc ~i~ou~ ssfs~ r
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nc~aoa o~ ~o~a4.li~r~ aa~ ~do~4 '_This t~q st~ b~: Cbatt~l-?~~ ~:~tacl~~ 5t~c," 197?,~R
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It .rhr at sm m~Ilmeec ps~a~aCS al~ aot 1» s~a. pso~pt~i .4. d~, .drl~c sodot or d~n.oai.~- ..a .ti.u s~.aW~a mq.~id me
gve ~ dqs t~t'+ tlr ~nf~rd a~ws 1p P4 os t1w ~old~e~.a~ t3~ ao~o~ ~a ad~id~eo~t~a~ lps cbasp d tiwne a~nts ~ ~Ob3 p~r
r~h aon~r at s~ca mpNd m•a~s ~ dr. pcpo.. at d~a~ d~• a~+so ct~o~ia~jt ~-~•dt~e ~s at ~fd ~e~avpe~c pq~-
menc aid iE sa~ 1e~sa~inawc aod ~wou+~c tYa~o.' ~~ns d mM~eJq aqd L~s ~ a~t=.oe- ~i. l~ ~aor bi pafd ~fe~l~ !,le~ (5)
days +~dber tbs e~cplratioa d a~d~d II~t ~ja~. dr m~e a[:tlia aoa~. *t ie'a qnf~o~. ~ aotlor ae d~od, , deelare t'~, mtire ~
loaa wj~4 b! tms aio~.a br L~ d~ ao~1 p~~~biy LMS +q4 tlr~c~oi~d dls~o4R~ : . , . . .
~tt~e ua~i~i ~r •w6ocl:a. T6. ll~c~ NatMo.l a..t o~ raet rLieos, 1'ledds. m a.a th~. ooce a~ of dre ds~ .h~a tLa lo.n
e~Lde+4oedhend~ L made. #o tls tl~e da~a oe ~kk-p~~rm~ae~ aes to be~1a, so~ t0,oosspla~s d~it sooa fa au~r oe4er p~iaa soeotdtng !
co tbe ~ ~ dre ~sW ~a. " . _ . _ _ _ - _ _
Prw~eot, ~e~ao~. pro'art. 4os~oa af dt~ooor aai/ac ~ea~c aaa nvtl~oa af.aar'Pala~oR ~rs ~~adad b~ each a~al~, oo~--
maker. e4dadei ~ a6ar p~ a t~t ~o~e, aad eaak vt t~an do 6~ab~? wstre tba tt~#rr ~0 4e ~red stbe~ dsf~wlc la tLa oasq of. -t~dr
r+csidesoa. - . . . 1
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SIGNA?[fB88i (~ie~t~ ia tallj - ADDitSS~e:(Gi~s eoatplsta add=tsi): ?ELBPHONB '
ew- CIiK? DiAYlB 00. ~1iC. ' _ - . L¦~- 1401 l~a~ 3od 8ti+r~t ~ - _
t YM~~O~e=~ F~ ~ . - t'rl'~w"~iww~ w Y~~..~~r 1~~~~('. _ . . • _ _ . .
. H • Ci• DOV1$ . . . ~ _
co•ltakec; ~ (asAL~ ~
(S) Co~Yakar: ~SitAL~ . • .
C0 57 sT. ~1tlCt IR[ss
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