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Home My WebLink About1614 ~ NA1.1C0 FORM 02 SECURITY ACREEIaENT ICMATTEL MORTQAfiEI VNIFORM CO?.WERCIAL GOOE IINO. OR CORP.I ~~C''" ~ ~ ~~EPritEn~ ~R~~~~ (CNA7TF.L MORT~AGE) ~ Q~h{g ~~YeeittQrif, made che 14th d~y of May 19 74 i under the laws of the state of Florida '~ff~vCPtt Clint Davis Company. Inc. hereia called che Debo~r ..aa._~~ (if nnne_ vrite "none") 1401 North 2nd Street, Fort Pierce, Florida, \1~(\iJL \fi~J11lLJJ uvv~rvv- - - + and whose residmce address is aad First National Bank of Fort Pierce heceia called the Securcd Pa~ty ahose address is P. O. BOX 970, Fort Pierce, FlOlf'id8 ~1f21L'SSl~fh: To secuce the paymenc of aa indebcedness ia t6e amounc of = 80, ~~-----wich inceresc. payable as follows: Interest only payable monthly beginning June 10 , 1974 , and on the lOth day ~ of each succeeding month through and including December 10, 1974. Sixty (60) equal monthly payments, principal including interest, of $1, 680.15 to commence january 10, 1975 and on the lOth day of each succeeding month I thereafter until paid. ' IN PAYMFM ~ TRXE'S ~ 'C 4NTIINC~BLE ~~Nf1l PRO?ER(Y• R 71-134. 11~15 OF ~ f p~~1NT TO q~E R POIiR11.t / ROGE (XENK ClRfait~ ~RT~ Si. LtlC1E CO.. fU?- as evideoccd by a noce or noces of even dace•hece~rith. and also to secure any other indebtedness or liability of the Debtor co the Secuted Parcy direct or iadirect, absolute or contingeac, due or to become due. now eziscing or hereaiter arising, including all future advances or loans which may be made ac the optioa of the Secured Pany, (all hereiaafter called the "obligations") Debcor hereby grancs and conveys to the Secured Patty a secutity intecest ia~ and mortgages to the Secured . , ~„ta) t6e peopeay described IO tZ1C St~ll~V~~ tl~[eiD (~ftttlllaftt[ CBlltd tht COII8~C[alj~ wuic[n ~viiuaciai auc vcvi~i represents will be used pcimarily ~ for personai, family or household pucpos~s in farming operacions ~ in business or ot6er use (b) all pmpetty, goods aad chaccels of the same classes as chose scheduled, acquired by che Debcor subsequent to c6e ezecution of this agreemenc and prior to its teemination (c) all Qmceeds t6ereof, if aoy, (d) all increascs, substitutions~ replacanents. additions and accessioos tbereto. ' DEBTI~R WAI2RANTS, COVENANIS A1VD AGREFS AS ~LLOWS: i ~ To pay and perfocm all of the obligations secured by this agceemeat accotding to t6eir tecros. w6atsoever, which To defeod che cicle to the collatetal agaiast all persoas and against ali claims and demands. j collaceral, ezcept for che securicy incerest granted hereby, is lawfully owaed by the Debtor and is now free and clear of any and all lie~s. secucity interests, claims~ c6atges, encumbrances, tases and assessments ezcepc as may be sec forth in the schcdule. - On demand of the secured party to do t6e follow~iag: fumish further.assuraace of ticle, ezecute any written agreement or do any other acts ~ecessary to effectuate the purposes and pmvisions of this agreement, ezecute any iosteumenc or stace- menc required by law or otherwise in otder to pecfect, concinue or termiaste che security intecest of the Securcd Paay in the collateral and pay all costs of filing in coaaectton thecewith. To retain possession of the collateral durina the ezisteoce of this agreemeot aad not to sell, ezchange, assign. loaa, deliver. lease, mongage or ocherwise dispose of same ~vithout che writcen conseat of the Secured Parcy. To keep thc collaceral ac the tocacion specified in the schedule aad not to remove same (escept in the usual course of business for cemporary periods) withouc the pnor writcen rnnaeac of the Secured Patty. To {ceep t6e collateral ftee aad clear of all lirns~ charges~ tocumbmnces~ ta:es and assessments. Topa y. when due, all tazes. assessments and licease fees relaciog to t6e collateral. To keep the collateral, at Debcor's own cost and e:pease, io good repair and condicion and available for inspection by the Securcd Pac~y ac all reasonable times. To keep t6e collaceral fully insured agaiast loss by fite, theft and othec casualties. Debtor shall give immediate written ootice co che Secured Paay and to insurocs of loss or damage to the collateral and s6a11 p~omptly file proofs of loss _ with insurors. THE PARTIF,S FURTHER AGREE Waiver of or acquiescence in any default by t6e Debtor.ot failure of t6e Secuced Patty to insise upon strict performance by che Debtor of any warrancies or agreements in this security agceement, s6atl not constitute a waiver of any subsequrnc ~ or o~her defaulc or failure. Nocices to eicher paccy shatl be in writiag and s6all be delivered persoaally ot by mail addcessed co che paay at the address hertin set forch or otherwise designated in Writing. f The Unifocm Commercial Code shali govem the rights. duties and temedies of the paaies and any pcovisions.herein de- I clared invalid under any law shall not invalidate aoy other pcovision ot this agreement. The followiog shall constitute a default by Debmr: Failuce to pay che principal or aay installmmt of ~rincipal ot of in~erest oa the iadebtedness or aay aotes whrn due. Failure by Debtor co comply wich or perfotm aay pcovi~toa of this agceemeat. False or misleading repreaencatioas or war- ranties made or given by Debtor in connection wit6 this agreemeac. Subieccioa of t6e collateral to levy of e:ecution or other judicial pmcess. Commeacemrnt of any insolveocy proceediog by or agaiost the Debtot. Death of the Debcot. Any re- duction in thevalue of the collateralor any act of theDebtor ~vhic6 imperils the prospect of full perfotmance or satisfaccion of che Debtor's obligacions herein. Upo n any default of the Debtoc aod at the opcion of the Secuted Pattp. t6e obligations secuced by tbis agreement shall immediately become due aad payable io full wit6out notice or demaad and the Secured Pacty shall have all the rights, rem• edies and privileges with cespect to tepossesaion. retention and sale of the collate~sl aod d~sposition of t6e pmceeds as are accorded by the applicable sections of the Unifotm Commercial Code respecting DeEault Upon any default and upoo demaad. Debtot s6a11 assemble t6e rnllateral and make it availsble co t6e Secuced Paay at I the place and at the time desigaated ia the demaad. Upon any defaulc~ the Secuced Parcy's teawnable attomeys' fees and the legal and other e:penses for pursuing. ~ searching foc. receiving. talcing~ keepiag. scoria$. advectising. aod selling the collateral s6all be chargeable to the Debtor. I 'Ihe Debtor shall remain liable for any deficiency resulcing from a sale oE c6e collaceral aod shall pay any suc6 de- ficieocy fott6with on demaod. If the Debcor sball defaulc ia che perfocmance of an~ of che pwvisions of this agreemeac on che Debcoc's paa to bepet- (ocmed, Secuced Paay may perform same for ehe Debcor s accoune and any monies ezpended in so doing shall be c6argesble wich intecesc co che Debtor and added to che indebtedness secured hereby. I ll~e Secuced Party is hereby auchorized co file a Fiaaaciag Sacemeot. ~ ~ S ~.ty.~,~y:. - - - - - - _ - - - q~ 1 ~y. ~s~-~~~~~s ~-r~~'"~.~"`,`'i,n ._.~i • I '~ie~ Ae'~~~v.~,n . ='^a$~~ . . ~ . 4... ~ V~ _ .