HomeMy WebLinkAbout1423 l6CURIT1/ A6R[[M[NT ICNATTtL MONTOAfi[1 e RAMCO FORM ~i
UNIRORM COMM[IlC1AL COO< (INO. 011 CORP.1
o~4ECUrt#~ c~~Emen# 2~9'~l5
(CHATI'EL MORT~AGE)
~Ihis ~1~reenunt, ~aa~ llcb aay ~E ~s., ~ 7z
anda the la~vs of the state of F10l1di~
~e~U88ti ~I~~"S=• ~Ig ~OVES herda called the Deboor
~rhose busiaess sddtess is (if aoae„~q~ e'~ /
r
aad w ose tes~ eace a ress ia •
~d SONBISB FOSD ~CTOB C0. ~ INC. hecein called the Secvred Party
~rhose address is
Aout~ 1 Bo~ 869-Orange Ave. Ezt.
Fo~s~t Pi~rc~ ~ Flotida
~itri~s~th:
To secute the paymeat of an iodebtedaess in c6e amouac of = 9~7a5~~ ~ricA incerest. payable as follo~rs:
Int~rsst foar t~ro ~onths 125.00 '
9~910-.00 TO?AL
'r0 BS PAID Op OR D~FORB Jnl~ 11, 1972
I~TB!!S SBCiStB'Da
1-Nar Fard 5000 Tractvr-~arial # 330137
1-Nav 3000 Tractar------6~rfs1 # 327939
as evidenccd by a oote or notes of evea date•herewitb, and also to secure say ocher iadebccdness or liability of t6e Debcor
co the Secured Pucy direcc or iadirect. absoluce or coacingeac, due or to become due, now e:istina or hereafter atisiaa,
ioclndin~ al uture ad~ances or losas which may be made 'at the opuon of the Secured Patty, (dl 6eteioafter called the
"obliaaaoas ) Debcor 6ereby graacs and coaveys co c6e Secured Pacty a securi~y ioceresc ia, and mortaaaes to the Secnred
Part ~
~i) t6e propetty described in t6e sc6edule hereia (6ereinafter called the collateral). which collateral the Debtor
representa wnll be used primarily
? for peraonal. family or houseiwld pu~poses ~ io faimiag operatioas ~ in buainess or ot6er use
(b) all pcoperty. aoods aad chattels of tbe same classes as those scheduled. acquired by che Debtor sabsequmt m the
e:ecucioa of cb~s aareemeat aad prior m ics te~mination
(c) ali ~roceeda ~hercof~ if sny,
(d) all ~acreases. subsucutiooa, replacemeats. addiuoos and accessions c6ereco.
n~R wAxxA~ cov~v~rrs ~ Acx~s As ~r.~ows:
To pay and pecform all of che obliaacions secuced by t6is aaceemeoc acco~dina to their terms.
To defend che cicle to the rnllacenl agaiost all persona and againsc all claims and demaods. W6acsoever, which
~ collateral. ezcept fot the secutitq interest g~anted hereby, is lawrfullq owned by t6e Debcor and is now Ecee and clear of
~ any snd all lims. security iocerescs. claims. charges, mcumbraoces, cues and assessmencs e:cept as may be sec fonh
in the sc6edule.
~ On demand of c6e secured partq co do che followioa: fumish furcher assurance of citle. ezecute any writtea aa[eement ot
do any othec acts aecessary co efEeccuate che purposes aad pm~isions of chis agreemeac, e:ecuce sny iosaummt or stace-
R meot required bq lsw or oc6erwise in order co perfecc. coacinue or cerminace c6e security ioteresc of che Secured Partq in che
collater~l and pay all coscs of filin l~ COQA~GtIOD tbt[tMlltl.
To cetain posseasion bf tbe co~ceral durina ~he e:is[eace of t6is aareemmt wd oot co sell~ ezc6an6e. assigo, loan.
deli~er, lease, mort aae or o[herwise dispose of same .vic6ouc che wriaen conseac of che Secured Party.
To Iceep t6e col~cetal sc c6e location specified in tbe schedule aad aa to remove same (e:cept m che usual coutse of
business for cemponry periods).vichouc che prior wriccen conseac of c6e Securcd Parcy.
To keep the collacersl kee snd ckar of all Lims. c6arges, encumbraaces. a:es and assessmencs.
Topa y, wheo dne, all'da:es. assessmencs and lieease fees celatina to the collaceral.
To keep c6e collacenl~~at Debtot's o~va cost and ezpense, in good cepair aod condition aod availsble for inspectioa by
the Secured Party $c all ceasonable cimes.
To keep t6e collateral fully insured asainst loas by fire, cheft and ot6er casualties. Debtor s6a1! aive immediate
w~cittea notice to the Secured Partp and to insucots of loss or damage to the collateral and s6all promptly file proofs of loss
~vith iasurors.
THE PART7FS FURTHER AGREE
~siver of or acquiesceace in aoy default by the-flebmr.or failure of t6e Secuted Pactq to iosisc upon strict perfocmance
~ by the Debtoc of any wananties or agteements in t6is security aareement, shall not consntute a wa~ver of aoy subsequmt
or oc6er defaulc or failure.
I`otices to cither parcy shall be in wrritina aad s6a11 be deli~ered peraonally or by mail addressed to the paay at t6e
address 6ettin set forth ot otherarise designated in wcitin6.
'Il?e Unifotm Commercial Code shall ao~em che rig6cs, duties and remedies of che paaies aad aay provisions 6ereia de-
clared iovalid under any law sha11 aot invalidste any other pro~ision or this agreement.
The folbwina s6a11 constitute a default by Debmt:
Eailure to pay [6e principal or aay instaliment of ~riacipal or oE iaterest on t6e iadebcedaess or any noces wr6m due.
Failure bq Debcoc ~o comply ~vic6 or perfocm any pco~~sioa pf c6is aareemenc. False ot misleadina reprearnt:tioos or wac-
rancies made or given by Debtor in conneccion wrich t6is agceemeac. Subjeccion of che collaceral co levy oE ezecution or
- ocher judicial pcocesa. Commencemmt of aay iasol~ency proceeding by or Qaainsc che Dcbwr. Deat6 of c6e Deboor. Any re-
duc~ioa in ~6evalue of the collsceralor soy acc of cheDebcor whic6 imperils the pcospect of full pecfocmaace or satisfsction
of the Debtor's obliaacioas hereio.
Upon aay default of tbe Dcbtor sad at t6e option of c6e Secured Partp, t6e obliaations secured by t6is aareement shall
immediately become due and payable in full w+ittaut aocice o[ demand aad c6e Secured Party shall have all c6e rishts, rem-
edies and privileges wich respecc to repossession. recencion aod sale of che collatecal aad disposicion of the proceeds as
are acco~ded by t6e applirable sectioas oE the Uniform Comme[cial Code respectiag "Defaulc"
Upon aoy ~efault aod upon demand. Debtoc a6a11 assemble tLe collaccral and m~lce it available to tbe Secured Patty at
t6e place aod at t6e time desiaoaced in the demsnd.
Upon any defaulc~ t6e Secared Pa~ty's reasonable attomeys' fees and che 1e6a1 and ot6er ezpenscs (or pursuina,
searchiog for. recei~ioa. cakin~, keepina. storin~. ad~eaiain6. and sellina the collacecal s6a11 be chargeable oo che Deboor.
'Ibe Debcor s6a11 temsin liable for ~oy deficiency resulcin6 E~om a sale of tLe collacenl and shall pay any sucL de•
ficiency fonhwich on demaod.
If t6e Debcor s6~ll default in t6e perfocmance oI an~y of the provi~ions of chis aareement on t6e Debtor's patt to bepeo-
focmed. Secuted Pacty maq pcrfocro same for c6e Debtor s account aad aay mooies e~codcd in so doina s6a11 be charae~ble
wic6 inceresc co the Debtor and added to the indebtedneaa secured hereby.
The Secured Party is 6ereby aut6orized co ~ile a Fin~ncin6 &atemeat.
goox zoz ~~E 14~3
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