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SECURITY A~REEMENT ~ , ` 1973
2'7~~64 ' November..9,
.............................~121~1
Date
i.t e...~id9-~_. t'?~.t-~r --......~ox._..~.QB.~. - -F.:~,....Pi.src-~----.._..S.t,- --~..uc~.-e--~-------Fl.orida
/Name) 1\o aad Street) (City o~ Tow~nl (County) lState)
~ hereinafter called Pumhaser), foi ~•aluable consideration, receipt of which is hereby acknowledged, does hereby purchase from and does
h~•reb • rant to
:~:::u ~4+a~ufacturing -;,ompany 2b5 Nort~~ Hamilton Roa~ Columbus rranklin Ohio
_ . . . - - - - - - . _ - . .
l~ame~ ~~o. and StmU (Ctqr or Town) (Countr? lState)
h.•reinafter calicd the Seller). a s~curity interest in the follou~ng described property and any and a11 accessions thereto (hereinafter
t.:'.led the Collateral) for Lhe total price and upen and subject to the terms stated below:
PESCRIPTION OF CDLLATERAL: jl--CASIS irrater Coolers
• S/N E671295 E671294 E671298 E671300 E671301 E671302
~ E671303 E669069 E669071 E678266 E678267
~ - N ITE11iS ~IAI{Ir(i L*P TOTAL OBLIG~TI01
a
.
~ ! l l 4a- ~ Price of CoUateral..---------•-•......- . 327 . ~
` 2. Sales Tax if applicable
• • -
~ 3. Documentary Service Charge--••-•-••----~•--•--.._..-•----~-~ ..._E~-
' ~'h - . . . . - - - -
' 4. Total Cash Price (sum of 1, 2, and 3)----•--•---_.._. ••-i`_
, ~„y~-r~i- . . . - -
r~; 5. Less Do~~~n Payment S 132 . 76 Cash E
Q~~ A
Trade-In 5---•-•••-••---•-°--••-••.-
:r --.....i-132.76 _
z
'•fZ.i 6. Unpaid Balance of Cash Price (4 less 5)..--.---- _.............._.b .L~ 194.84 -
~ x : 7. Cost of Insurance -
'~j .lSI 8. Frincipal Batance (sum of 6 and 7)---------------...__._..----.... ...i
~ • - -
~S~ a ` 9. Finance and Service Gharge - - . - ..........---a- 22G.92
~"l ~'•~i':,f~il; 10. Time Balance-Amount of Note (sum of 8 and 9)-----_•--------------------- ~ 1 '421 7~ -
~ '
-
Time balanee payable in 24•--•--•---•---.. consecutive monttily installments of 5--.....-59 . 24 each and one for
the remaining balance, Lo be paid on the .._____..._.~~~I~ day of each month commencing on DEG~b@r___..__......._.....~ ig_7~
~.r:til said total indebiedness shall have been paid.
THE CO\DTTIONS OF THIS SECURITY AGREE~SF.~~TT ARE SUCH that Purchaser has executed and delivered to Seller his
, ~::s i certain promissory note of even date herewith, hereinafier referred to as the "A•ote", in the principal amount equa! to the Time
Ealance shown above and payabie as set forth above, and any Purchaser of said 11Tote shall take the same free from any defense
:h~reto and/or claims, demands and setoffs of F'urchaser against Seller. NOW. THEREFORE:
If the obligation hereby secured, or any part thereof, is not paid at the maturity hereof, wheiher such maturfty be caused by lapse
of time or by scceteration, snch entire obligation or the part thereof which has matured, as the case may be, shall thereafter draw
s~raight interest at the rate of 8;'~ per annum until paid; or at the option of the Seller, tke Selier may collect and receive, and the
E'urchaser agrees to pay, a late charge calculated at the rate of 5` for each dollar of any monthly installment, shown above ~shich is
:,nt paid on or before ten days after the due date thereof, but in no event shall the amount of such late charge for any one defaulted
i:~stallment exceed ;3.00, which late charge, if imposed and collected by the SelIer, shaU be in lieu of sach 8ry~ straight interest on Lhe
~ app2icabte installmen~
Purchaser warcants and covenant~9 that_ BOX ~088 Ft Pierce $t Lucie Florida
i 1. The CoUateral will be kept at
- (Street) (Citp) ICountyl (Stats)
i'~.;rchaser will notify Seller of any change in location of the Collateral and will not remove the CoUateral from the above atate without
the written consent of Seller. The SeUer may examine and inspect the Collaterai at any time, wherever located.
2. The Collateral is or is to be used primarily fn businesv ~e. Florida
3. Purchaser's principal place of business is located at:-•-•-••••--•••--•---•--•-----••......•••-••-••
cscace)
' Purchaser maintains additional piaces of business as follows: (If none, so indicate) .......................NO(1@
' - -
4. If Purchaser mainiains no place of business, Purchaser's residence is as above.
5. The Collateral, which is not normally used in more NOTICE TO PURCNASER lIi~10
!han one state, is personal property and will a]ways remain RCKNOWLEDGMENT OF RECEiPT OF COPr HEREOf:
such, regardless of the manner in which the same may be in-
~talied and attached to pipes or plumbing. If Seller deems it (1) Do not sign t(rs Agaanait befae you read it or 'rf it eartains ,ny bl~nk
' 1.ecessary, Purchaser will obtain an agreement to similar effect
~ i rom the owner or lessee of each parcel of real estate where SW~ ~ •
`hc Coliaterai may, from time to time, be located. (2) Ypp aI! E1lt11Jld t0 ~ CORI EfE~ ~ll~ 111
P) f ~Af? of this Agreement, and
~ THIS AGREEMENT IS SUSJEGT TO THE ADDITIONAL raeipt of wch a cop~t is haeby u~awl~ged.
F'P.OVISIONS SE'T FORTH ON THE REVERSE SIDE HERE- (3) UlldEr tIl! I7M~ You have the rigM to pay off in adrma the full amount
UF, THE 3AME BEING INCORPORA H EIN BY
: ~ E. ~ due and unda ce~in conditiaa to obt~in ~ parWt refund of the ~bore
; ~~i.'~~atC'tu f a c tu ri n g Co , fin~na and sarice charge. .
; 1 ture (S16n tull name in fnk. Db npE pHrit)
; .~65 North Hamilton Rd. ~~luc_._ ~'lhite ~~dge ti~later,.8ox I088, Ft.~ferce,
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: ~~tu:nbus, Ohio ~~~~r T.R. Benua V.P. .....F~, ~ida
- j~]
This instrvment was ie ared by .i. -•~~~~~,~:e~-~:~-~------•.~.__......._..
~ s ~ ~ . ' G~~.~4.~?d~."'~--._..~ ~.~ur~uw °
. , - _ ~ ~ . ~R~? r. ~s Fidler ` ~
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