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STATE OF Florida ~,~O,Gp'680, 152-10-0?-MIA
COUNTY OF St. Lucie DATE J~uary 11, 1974
~ ' SECURITY AGRE~NT
~ Equi~nent
~ THIS AGRED~•NT, by John N. and Eveline A. Stein, d/b/a FORT PIERCE
;`r. a
J" AIVIMAL CLINIC o: tr,e above-named State and County,
( hereinafter called "Debtor" and SUN BANK OF ST. LUCIE COUNTY
pf FORT PIERCE, FLORIDA
( hereinafter ca? led "Secured Party" WITNESSETii '£HE+T :
1. Debtor is borroAing frorn Secured Party the sum of $`~0, 000. 00
as evidenced by Debtor's Note, of even date herewith, ail terms o wh ch are in- ~
corporated herein and made a part hereof by specific re£eren~e. In order to secti:~~
*he payment of the indebtedness as defined in said Note, ar,d of other amounLs as se±
fcrth in paragraph 3 hereo£, Debtor hereby gran~s to Secured Party a security in-
Lerest in all machinery, equip~ent, furniture, and fix~ures now o~ned and hereafter
acquired by Debtor for use in Debtor's business, :nc2uding w~Lhout limitation, the
items described on Schedule "A" hereof, together virith all replacements thereof ~r.d
al:. attachments, accessories and equipment r.ew :,r he:eaf*er installed therein or
affixed thereto, including all items of the above des~ribed nature which are to be
purchased with the proceeds of this indebtedness, and all proceeds or products re-
s~ therefrom (all of the afor-esaid herpir.after called "Collateral"). Debtor
~arrants that the Collateral is used or will be used b~ Debtcr primarily for busine v~
use. If certificates of titZe are issued or cL*,stsndi_*ig w~th respect to any cf ?hF
wllateral, Debtor will cause the interest of S~c~red Part,y to be properly ncted
! thereon and deliver such certificates of title to Sec4red Party.
~ 2. Debtor warrants thaL llebtor's an?y p3ac.e{s) oi business is (are) as
~ f~l2ows:
~
~ 2801 Orange Avenue
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~ Fort Pierce, Florida
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; P.ebtor warrants thSt t11~3 CoZlateral is now or ai~l be lccated in the said place(~i
~ .~f business, or if the ~ollateral ?r.cludes m~-or- veh~~ies, that they will be reg-
~ ularly garaged at said p~~ce(s~ of business. Debtor agrees that Debtor will not
~ ak.ve the Collateral, or, if the Collateral ir.~;udes ma~or vehicles, that Debtor wi::i
aot ehange the place where they are regular2y garaged without Lhe prior written cor~-
~ :ent of Secured Party. Debtor will notify Secured Party in wri*_ing of any change
~ :n the location of a~y place o£ business prior to making such change, and of the
~ ~acouisition of a~y new place of business prior t:, such acquisition. Secured Party
~ :r.ay inspect the Collateral at ar~y time.
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Y All or part of the Collateral may ~e :ieFt ~n cr attacY~~d to real es*„at.
r~ :,v.-.-~ed by a third party, _
~ and, et the request of Secured Party, Debtor wiil fLrn~~~~~Secured Party the d~s-
~ c:aimer or disclaimers, executed by all peraons havir~ ar. in?e^est in said reai
- estate, of all interest in the Collaterai.
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RO IV Form 119 (12/70)
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