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Home My WebLink About2991 2.~,~~~ SECURITY AGREEMENT ~o' March 12 1974 #1238 . . ~ • ~ Data `~Ihite-..Aid~s.~~Y~ater---Company~$°x ~ 1088....__..~t~.~~~ier.ce.........S~-.---I.uci$ ~ ......~lorida._....33~54_......~...._ (hereinafter called Put~chaser), for valuabte consideration, receipt of which is hereby acknocvIedged, does hereby purchase from and does hereby grant to E~?---i~an~u.f.a~tu.ring--GQmAany---__.2~~...~tQ.x~.h...~.amil~o.n.._Road..---.Columbu s..._.._F~a.r~k].~n------Rt~,~o-------- lName) (No, uM Street) (Clt~ or ?o~n) lCountq) (Stale) ~q 2~!~ f (hereinafter called the Seller), a secutlty intereat in ti~ foUowing descritied property and sny and all accessions thereto (he=ee3naT'Fer catled the Collateral) fot the total price and upon and subject to the terms stated below: DESCRIP'~iON OF COLLATERAL:23•.-Q~ASIS Water Coolers ~ S/N E686636 686634 686638 686641 686640 686643 686615 E68~~~~ g~~4~5 g~~~~~ g~~~~~ g~~~~~ rrE.us rznxnva vP Tara~. oB~aATTOx 694475 694477 i. r,ash Pr;ce of Collateral..--•••••-•••-•........-•--•••-.--•.••-• 58fi ~ 68 2. Sales Tax if applicable.-•°-•-----•-••----° -•-----••••-----s 3. Documentary Service Charge...••-----•...•-•...---• : 4. Total Cash Price (aum of 1. 2. and 3)-•---• ~ 5. Less Down Payment = 2~~ Cash i Traae-rn i---------------•---•----~------~--._...---~------.....:._.....-_--......._..._..i ~5g_----=-._6Z- 6. Unpaid Balance of Cash Price (4 less 5) ................................-.--_------••----_-.---.--.--.--------....i2.r~8....QL. _ y 7. Cost of Insurance ti~. 8: Principal B8lance (sum of 6 and - 9. Finance and Service Charge - - --~------••-i 442,•'~ 1 10. ltime Balance-Amount of Note (sum of 8 and 9) ...............•-.------•---------...----.._..-------°=~~-Q+32---- : T~me balanee payable in .........~!4.-• consecutive monthly installments of ;.._....----•--l.~.r'1...!~.---•-••-_ each and one for the remaining balance, to be paid on the day of eaeh month commencing on .••----•---~T~.~.-•-•---•--• 19.~!~ untii said total indebtedness shall have been paid. _ THE COA'DITIONS OF THIS SECURITY AGREE11iENT ARE SUCH that Purchaser has executed and delivered to Seller his ~ 1 its) certain promissory note of even date here~vith, hereinafter referred to as the "Note". in the principal amount equal ta Lhe Time Balance shown abovz and payable as set forth above, and sny Purchaser of said Note shall take the same free from any defense g i thereto and/or claims, lemands and setoffs of Purchaser against Seller, NOW, THEREFORE: ~ If the ooligation hereby secured, or any part thereof, is not pa.id at the maturity hereof, whether such maturity be caused by Iapse ~ of time or by acceleration, sueh entirn obligation or the part thereof which has matured, as the case may be, shall thereafter draw I straight interest at the raie of 8 io per annum until paid; or at the option of the Seller, the SeAer . may collect and receive, and the Purchaser agrees to pay, a late charge calculated at the rate of 54 for each dollar of any monthly installment, shovvn above wh[ch is - I not 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 installment exceed 53.00, which late charge, if imposed and collected by the Seller, shail be in lieu of such 8~o straight interest on the appiicab2e installmenk f Purchaser warrants and covenants that: j i. Tne Collateral will be kept ac --------84~....],0~.8 ................_Ft.....~i~~Ce---------.._.~.t,... L~.~~~.._._.... Flori~a..-----...--------~--------- , - lStreef) (Cllp) (CountT) lBtatU I~ °urchaser will notify Seller of any change in location of the Collateral and v~ill not remove the Collateral from the above state without i the written consent of Seller. The Seller may examine and inspect the Cotlateral at sny tim~ wherever located. 2. The Collateral is or is to be used primarily in business use. ~ 3. Purchaser's principal place of business is lceated at-------------------------------------------------------Florida.-----.-----........-.------------....---.--.------...._.._..----- isu«> ' Purchaser maintains additional places of business as folIows: (If none, so indtcate)....--------NCI1C~---------------------=--------------------------------------------------- 3 ' 4. If Purchaser maintains no place of business, Purchaser's residence is as above. 5. 1fie Collateral, which is not notmally used in more ~~n~ j~ (?(~~~f~ ~p I than one state, 1$ personal property and will always remain I such, regardless of the manner in which the same may be in- ACKNOWI.EDTMENT OF RECEIPT OF COPY HEREOF: i stalled and attached to pipes or piumbing. If Se11er deems it (1) Do not sign ttps Agreantnt betore rou re~d +t or 'rf it ra~hins ~r~ blanl~ _ ~ necessary, Purchaser will obtain an agreement to similar effect from the owner or le.gsee of each parcel of real estste where ~ the Cotiateral may, frorri time to iime. t~ ~o~c~. You ~n entitled to a completdy fiikd in copy o~ this Ilgreement, md ~ THI3 AGREE,iiENT IS 3UBJECT TO THE ADDITIONAL raapt of wch a coq is haeb~r xknariedged. PROVI3IONS SET FORTH ON TIIE REVERSE SIDE HERE- (3) Utll~ tIl! I~M~ you fare the rigM to p~ a~f in adw~nce the fuil amouM i OF, THE 3AME BEING INCORPORATED HEREIIK BY due and unda cat~in conditia~s to obt~ia ~ fbi~ fE~ Of ~IE ibOME W~ , E EBCOF~ Mnufacturing Co. i~~ fi"'"OE ~~~sG D, p~ . • t~ 2b5..Noith.._Hainil-to~...Rd-,~-.-':~ White ~~ge ~ ~er G~ompany, `~ox 1088, ~ Golumbus, Ohio - . n .P. .....F. Pierc.~,... .~~~cidd_._---- - - ~ _ This insirnme~ e - . . . Y . ;._~"~~~r,~F~g N.~~ - ~~--~j.. am C•E. Fidler 1 t~ 3 • ~ x . ~ ~ . _ . _ _ _y. . ~-.'~~s~' ,