The URL can be used to link to this page

Home My WebLink About1828 ~tu.~? Fo~m cfC GENERAL'200 Av~i1~Ei~ Fm~: F~rrls Prl~tl~ Co., Orlasd~, ibitM ~2i01 -~ZY-SttlS 261551 ~ SA - .a6Ii6AAL SECURITY AGREEMENT Contr:ct Numb~r (OENERAL) Elmer Bass for H d S GITRUS, Inc. ~~a u mo~. [NameW d Bo~row~t(s3] U,an ons. ~ach d W~m ~omtl~ and w~~rallp). hsninatus called "e«mw~r". d Grose Road~ Fo~ct Pieree [No. and S1r~N] ~~~T~ $t• j.~~ci a Florida ~~alus r~:ei~~d, hsr~bT qranb to ~ ~~+nti~ ~~M~ MINTON S[IN ~ 2nc ~ hersinahsr ~~ea. •~.a p.~cy:• «ho.. t~ p• 4. Box 670. Fort Pierce~ Florida a securitY ine.n.c in ~L. eouo..iny piopntr: ~-S Run Citrus Presizer - 1- 42" x 7• Roller Elevator 1• 4 Belt Model 59 Citrus Sizer with Run ~ut Belra 1• 42M x 5~ Roller Sp.-eader - toqeth~r with all acca~soria. parb. equipment +nd aocessions now attached to or used in caanection the»with or whicb maY hereatter at anp hme ba placed in ot added to We abo~e-de~erib~d property. and also any and all replacemenb ot any such Ptoperty (all of which is hereinafter called "Col- latsral'~, to sa~vr~ ths paymsnt d that eortain iad~bt~dneu Nid~aod b~ a promfasory nots os notes e:ecuted bp Borrow~r in the amount o! Ten 'fhousand and tlo/1 m~ ~s 10.000.00 j ol e~ea date hsrswith. aad aay and all eztensions or rsnowaL th~reol. aad anr and all other liabilities or obligat3ons of the Borrowor b ~he Sscured f partp, dir~et or indirsct, abwluts or coatiagaa4 now a~sting or her~att~r arisinq. now dus or 6ereaiter to became due (all hereinatter called the ~ "Obtlqatloos.'~. ~ i Chect it hve: ~ ihs atamps required by Chapt~r 201. F.S. bave besn placed on the promiasorp instruaenb secured herebp, and will be i placed on anp additional tnd similu instrument that map ba so secured. Check ii covered: Proceeds ot Collateral are aleo oovered. Q Products ~ o! Collatual u~ also covered. ~ Horraw~r 6ersb~ wuranb aad aqrw thar 1. Tha CoUateral ts aoquired or ussd primarUp br. ? persanal. tamilp or household purposss: ? busiaes use: or Q farminq operation~: and, ~ i! c3scted hare is beinq aoquired wlth ths proceeds of the loan provided tor in or seeured by this aqreemen4 and the Secured Party map dis- ~ bursa such proceeds or anr part thersot dirsctly to the ssU~r d ths CoWteral 2. The Colla~eral will bs kept ae Fort Pierce, St. Lucie, Florida _ o~ i! leh blanlc. at - [No. and sor~etl [C~r] [C~77 ["~1e] ~ the addrsss shown at the beqinning o! tL1s aqreem~at: Borro~vsr wiU promPtly notify Secured Party d anp change in the location ot We Collateral ' within ~aid aute; and Boaower will not remor~ t6s Colhbral !rom said stats witLont tho writtea ooaseat o[ Securod Party. ~ 3. tt the Collateral is acquired or used primuilp br penonaL family or household p~upoces. or f~ tumL?q operations uae. Horro~vei s resi- ~ dence in Fbrida is that sho~vn at ths beginning o! 1hB agre~ment and Borrower will immediately notity Secured Party of any change in tha location o! said reiidence. 4. iI the CoUateral is to be attacbed to real estats. a d~scriptioo of th~ »al estate, iocated f++ ~~~Y• Florida. is as tollo~vs: npt an~l i cahl n ~ ~ and tbe name ot tha known owner u: ~ ~ and i! tha Collateral is attuhed to real estate prior to the pedection of the sscuritp interest qranted herebp, Bortower will. ~ demand of Secured Party, fumish the latter ~vith a disclaimer or disclalmen, sigaed by all perwns havinq aa interest in the real eswte, o! anp intereat in the CoUateral < ~hat is priaz to Secetred Party's interest ~ 5. If the Collateral is acquired or uaed primar[ly fw busineu use and is of a type normally used !n more than oae state, whether or ad ao ~ ~ uaed, aad Borro~vsr has a place of Busines~ ia mon tLan ono Wto, th~ chiei place ol busmess a Boirower is- [No. and Street] ~ not applicable , or, ~ [cuy] [~~rl ~ i! left blu?k, is that aho~vn at ths beqinninq oi thi~ agresment, aad Boaower ~viU Immediatelp notity Secured Partp in writinq oi any change in Bor- ~ cower"s chief piace o! busiaess; and it certificaws ol titls ue issued or outstandiaq with respect to any ot the Collateral. Borrower will wuso the ~ interest ot 5ecured Party to be properlr noted t6~reoo. ~ 6. Fscept tor the securitp interest grantsd 6srebT, Borro~ver is the owner ot t6s Collateral free Irom any ad~erse liea, securitp intereat, or ~ encumbrance; and BoROw+er ~vill detend the Collateral against ail claims and demands of all persons at an7 time daiminq tha same or anp interest ~ therein. ~ 7. No Financinq Statement coverinq any Collateral or aap proce~ds thereoi is on tils in anq pubiic o8ice; Bo~rower autLori:ea Secured Pany to ffie, in jurisdidicns ~vhere this aulhocizatioa will be gi~en eSecl, a Finaacinq Slstement ~igned onlp bp the Secuted Putp describinq the Collateral ~ in the aame manner as it b deacribed herein; and trom time b time at ths request of Secured Party, ezecute one or more Financinq Statemenb ~ and such other documenb (and pap the cost o! tilinq or reoordinq th~ aame in aU publlc oHicea deemed necessary or desirable bp the Secured Partp) and do such cthsr acts and thinqs, all as the Sscurod Pariy map rsqu~st to sstablhh aad maintain a~alid securitp interest in the CoUateral (hes oi all otLer liens and claims whatsoerer) to sscurs tha payment oi the Obliqatioos, includinq, without I[milation, deposit witL Secured Partp of anp eer- ~ Hcats at Gtl~ issuaWe with raspect to anp of ~hs Collatoral and notaBon thsr~on d W~ socvrit! Intsreq h~reunder. ~ . g~~K~~7 PACE1szo ~ ` - ~ = ' "4 ~R. ~ ~ . , ,