HomeMy WebLinkAbout2333 F~1~0 ~.;CUR~EO
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_ DEPENDABLE ACCEPTANCF CO. ~~Q Q 31 iW
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eox 13194 Columbus. Ohlo. 43213
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F'urchaeet ituther war~ts and oove~nb`. ; . ^ . _ . _ ~ : - _ _ -
6. The atatements and representWoru made by the Purcheser herein and aigned by Purcbeset a~e tru~ PQe+~ ~~or
diately notify 3eller or assignee in wrlting of sny change in or discontinuance of Purchaser's plao~ ad resWeooe ar plaoe ar Ii~os i
business whichever is or are set forth in said statemen~ _
No $i+ane~hg stateme4it~ coVliii?g~the Coliateral fa on Sle in at?y• pubUc ot~ce. and at iequest- M SeUet: Pa:ebasd' ~+lII jdlm
Seiler in executing one or more Snancing atatements pursuant to the Uniform Commercial Qode. in form ~ti~a~o~7 to S~
pay the ooet of Sling the sarae in all public o~ces wherever Sling is deemed necessary or desinble by 3e11ec
g, parchaser will not sell or oSer to sell or otherwise tranafer or enCtun~er the (.bUaLPral or st4y ini~^est t1~+ei~ s3tbo~! ~aa
consent of SeUer; will keep the Collateral in good order and repair snd vvtlt not waate or destroq the Do~hteral. -
9. Pumha~er ~admita, upoa'examinatlon. t11at the Collsteral~ ia as represented by-8eller aad a~o~vledSes
thereof oomplete with attachments and equipment in good condition and~ repai~'* 3elle! laay e~ce~lniae~ aad i~{speCt.
time, wherever located.
10. Seller may corrset patent errora herein and in the no~e.
11. Any notice to Putchaeer nhall be suIDciently gtven when mailed to Furchsaer's addreas stated abo~ve-
12. Purchaser wiII,ke~p the CoDateral insured at all times againat loss by Sre and/or other herirds eonoeraina ~hio~ is tie
iudgment o! the Sel~er. insurance protection is reasonaWy necessary. in a company or oompaaies aklsf~ct,a7 to tLe Se~ ~d a
amounts sufficient bo protect Beller aSainst loss or damage to said Collateral, tl~at such policy or pdicies d'm~araao~ ~~+r 3d~
to the Seller. together arith loea payable clauses in favor of the Seller as its interest rns,y.appear. i~? fo:m ~ t° ~ Se~
13. Upon the happening of aay of the following events or conditions, nainely: (I) default in the PaYm~t 'a~' ~e °E ~
of the ObUgations dr-ot'any oovenaut or Iiability contained or referred to herein or in any ~ote evid~aS ~7 ~~~O°~
i II ) any warranty. reDr~seatat~ain or statement made or furnished to Se11er by or on Debali o[ P'~u~chaser F~ ~~~a~~ ~
ment or to induce 3eller to make a loaa to Purchaser proving to have been false in any materlal respe~.'~
loss, theft, substantial damaSe. deatruction. sale or encumbrance to or of atty of the Collateral. oe' tbe ma~ oi ~y ~9. ~
attachment thereof or thereon; (N) death, dissolution, terminstion of existence, insolveacy. busit~eas ta~at~ ~po~~ ~
of any part of the prflperty of. assignment for the beneSt o! creditora by. or tDe commencem~t af aay prooee~b
; : u~tcy or insolvency 1S~ra by o; againa~ Purchsser ar anY Suarantor or surety for Purcbaser; th~r^rnpoa. o:' st a1Y
~ ~ such default not ha~ing pt~evdouslq been cured): (V) or if Seller deems iteeif insecured. Seller at ib e~iaa mi7 decLre aD d~e
Obligationa to be immediately due and payable and shall then have the remedies of a seller ~mder t~R ~iv. ~og. ~It~t ~
tion thereto. Lhe right to take possession'of ttte-Collateral, and for that purpose Shcer maY. so ia~' ss P~us~as~ °a ~e ~
therefor, enter upon any. premises on wbich the Collateral or any part thereof m~ bg aitusted and tr~o~s?e tbe Sme t~'~- ~
may require Purchaser to ma~ce the Collateral available to Seller at a place to be designated by Sd1er ~vhich is reasoo~aLb em°s+ei
to both parties. 3eller wW g[ve Purchaser at least flve days' prior written notice of ihe time and pla~oe af a~4 pa~c a~e ~st~e~[ a
of the time aiter which any private sale or any other intended disposition thereo! is to be made. and at aay soch ~iC a p~
sale 8eller msq purchase the Collateral•
14. Th1s agreement and the aecurity interest in the Collateral created heseby ain?11 tera?fnste vrbea tbe O~igat3o~s i~es P~
in fuil. No waiver by SeUer of any default shsll be eSective unleas in writing nor oPerate as s waiv~ ~ W°~' d~
same deisult on a future occasion Seller ie authorized to Sll in any blank spacea hereia aad~
All rigbta oi Seller hereunder ahall inure to tl?e bene8t of the heira, executore. adinin~tratoi'8.
obligations of Purchaser a2~all bind the heirs. executors. admiNatratora, succeesors and aasFgn+ of Ptudus~. II t~ete Le me~e ti~
one Purchaser. their obligaUona hereunder ahall be ioint and eeveral. This Agreemeat adall be deesaed to be b3a~ a~ t~e P+~e~~
upon a~xing his or ita signature but shall not beoome a completed contract until eigned aL9o bY tLe Seiier- ~is J?~e'°a°~ ai~D ie
construed a~coording to tbe 1aN? of the State of Ohio. _
15. It ie understood and agreed that thia inetrument and the promissorq note e~ecuted beiewitf? ma7 be a~ed to p~'~!-
L'pon noUce of such assignment, Purcheaer agrees to make all paymente af the o~ce oi the named :ao~nee am ~ aol~wl'
edges thst Seller is -no0 an agent of atich -assigmee for siiy -ptupose.• Ptiu'cbe~er hereby agrees that wch ae~nmeat s~ag k!~e *E
any and all detenses which Purchaser may have against 3eller and Purchaaer agrees to settle all claims aga~t Se~ ~t+ed~ s~h
Seller and not to set up any auch claim in anY action brought by assignee.
16. This 3ecurity Agreement containe the entire agreement between the parties, and no ural aSTC~neat sbaD be
nssI°1"~x~r~ I~'o~~'~Yamilton Road Columbus ahio
~ For value received, the undersigned doea hereby sell, assign, tran9fer. and aet over unto DEPEND~BIF AaG~'i'.,~r?[-'S aD• ~
snccessora and assigne, all of its right, title and interest in and to the within secutitq agreement, tLe amounb due a~ to beo~e ~ae
~ chereunder and to the Collateral therein described, hereby granting fu11 power to the said as~gnee, albez' in tbe a~ee`s o~va ~°r
in the name o! the underaigned, to talce all sueli legal or other proceedings aa the undersigned might Lave takea ezoept foe t~is a~igmae~
' The undersigned warrer?ts that the within instrument and the note secured thereby sre Senuine aad in a11 ~e~ects ~~9
;,ort to be: that all atatements contained therein are true; that the within securitq inteteat ie the Srst and best ~m ~ fiie ~
described therein: that there are no defeneea, counterclaims. or set-offs thereto that all parties to the foz'egain6 ~t
= pacity to contract. and thai the undereigned haa no knowledge of any facts which iA?pair the validit9 a~ vaYoe °E °t~r
or the withjn eecurity agreement.
Il,/~. .
The undersign r.lh,e. said note and aecurtty agreement arise out oi a bona Sde aak made in oamPaianoe ~ith t~e i~
; et- ed in the agreement for the amount therein, the Collateral dexn"bed tbes+ein ~as iea aN
rom the unders' .tq~ m ~
~ cepted by Lhe ~ayment was made by the Purchaser in caeh, unleas othe~+vise spe~8~]I'9 ~
~ .~ent, and ~~s
yui -_.~ed in said agreement has been received and/or Wat the alM~vaace sivea icn' tLe tra~n is ~
the amount. •tit ttt~ - ~4
' • - ~ '-1 ~ ~ 14th . --------~y =Jun+e
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