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1~ SECUNI~Y ?6NEtMEMT ~CN~TrEL MONTGAGEI RAMCO FORM ~7
UNIiORM CO~MERCU6 CODE IINO. OR CORP.1
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~ECLII'if~T C~~rPEtriCtit ~
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(Cf-IATI~L MOR I1C;ACE) ?~~S'?'Q ~
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h' ~a lOth da oi Jul 19 74 ~
~I is rerutei~t~ made the y Y ~
under the laws of the state of Florida i
,~;cttueeii- ~IC'POR E. (~OCZ and FIARFNCE J. CACZ, his wife, ~
herein called the Deboor ~
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; whose business addross is (if none, write "none") 2415 South Federal Highway, ~
~ Ft. Pierce, Florida ~
~ ~ and whose cesidence addcess is !
herein called che Secuced Parc
~~~?d MAX POITER and MARU4~ P~I'IER, his wife, y
,
~~vhose address is 2407 Shamrock Road~ Ft. Pierce, Florida +
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! ~ltlll'SSl`tjl: !
To secure the paymen~ of an inJebtedness in che amounc of S 1$~000.00 witli interest. }
payable as follows: ~
~ Monthly instalLnents in the amoumt of ~316.06 conmencing on the 10 day of .
September, 1974 and continuing on the 10 day of each ;~nth therea~ter
until the 10, day of August, 1979 at ~ich time the principal balance
remaining un-
paid-together with accrued interest thereon shall be due and
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' PaYable in full.
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: ~ ' : tll PAYME~ ry ;
'C tN1A!IG18lE Pf~
~PPAPER ~ 1~
ON o. ~ 71-13+?. ~l ~
~~1111i ~ F ER POI~RIS ~ ~ ~
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~gj~ Si. LIiCE ,
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'I ~ as evidenced by a note or notes of even date herewith, and also to secure anc othet iadebtednPss or liability ; _
of the Debtor to the Secured Parcy direct or indirect, absolute or contingent, due or to become due, now ezisting ;
~ or heceaftec atising, including all Euture advances or luans Rhich may be made at the option of the Secuced '
Patty, (all hereinaftet called the "obligations") Debtur hereby gra:'s an3 conveys to the Secured Party a _
security interest in, and mottgages to the Secured Patcy,
(a) the propecty described in the schedule herein (hereinaEter called che collateral), vrhich collateral the
~ Debtor cepresents aill be used ~rimarily
~ for Fetsonal, famil} or household purposcs in farming operations 7C i~ business ot othet use
(b) all property, goods and chatcels of the same classes as those scheduled, acquired by the Debtor sub- :
sequent to the ezecucion of this agreement and prior to its termination
(c) all proceeds theteof, if any,
(d) all increases, substitutions, replacements, additior.s and accessions tLereto.
DF.B"!OR ~~'~1RR~INIS COVENAr\~IS r1~VD AGREE.S AS FOL:OWS:
Co ~ay and perform all of the oblitiations ~ecured b}• this aKreement accot~in~; :o the:r tetms. -
To drfcnd the titie ro che coll.+srra', .iKainst ~11 per~ons and aRai~st afl claims and demaads whatsoevet, which -
collater.+l, except (ot thr securii~- imrteti~ KranceS hereby~. is laufully- owne:i b}- the [)eb[ot and is now ftee :vid clear of -
~ny .~nd .?il liens, securit}• interests, ~laims, charXrs, encumf.r.;nces, caxes and assessmcnts except as ma~ be set forth ~ ~
in the schedule. ~
Un demand of the secured partp to .iv the fallo~ing: fumi~h futthet assurance of title, ~zecute any written agteement :
ot .io any other act. nece~sat?• to effecruare the ptrpc~ses and ptocisions of this aFreement, ~:ecute any ~nsttummt otstatr ,
ment required by law or ot6erp~ise in or.ier to Ferfect. cuntinue or terminate che seraritp interest of tne Secured Party in :
y,~ the collateral a~d pay all ~vsts of filinR in connection therewith. ~
~ To retain possession of the collateral d~ring :he e:istrnce of this a€ceement arni not to seil. e:change, assign. loan. ; '
u~-.'- deliver. lease. mortgage or otherwise dispose of same witho~t the written conseat of the Secured Patty.
~ To keep the colla[eral at the location specified in the cchedule and not co remo~~ s.+me (except in the usual cou:se oE !
~ business foc tempora.y petiods) w-itkout che priot v~ritten consent of the Securrd Yarty.
7o keep the collateral free and clear of all liens, chatges. encumbr.uices. taxes and assessments.
To pay. ~~hen ~'.ue, ~11 ta:es, assessments and licrnse fees telating to the collater~i.
~ To keep the collateral, at Debter's oWn cost and e:pense, in gow~ repair and condi;ion anJ not to misuse. abuse,
wast~ or alloa to deteriotate e:cept for nocmal vrear and tear and to make same acailable fot inspection by the Secuted
i'art} at all reasonable cimes.
To kecp the collateral insured against loss by fite (including e:tended coceraRe), the(t and other hazards as the
Secured Patty may requite and to obta?n collision i~surance if applicable. Policies sha11 be in such fom~ and amoun[s and
with such companies as the Secured Yarty may designate. Polictes shall be obtained from responsible insutots.authorized ;
tu do business in this state. Cettificates of insurance or policirs. payable to the respective pacties as thcic interest may
appear. shall be deposited with the Secured Pacty who is authorized, but under no duty. to obtain such insurance upon
failute of the Debtor to do so. Uebtot shall give immediatc written nouce to the Securcd Paay and to insurors of loss or ,
damage to the collatccal and shall prompdy file proofs of loss with insurots. Debtor hereby appoiats the Secure.! Party the
actorney for the Debtor in obtainiag, ad~usting and cancelling any sucn insurance a~d endocs~ng settlement dca[ts and
hereb~• assigns to the Secured Party all sums ~chich may become payable under such insutanct. inefuding tetum premiums .
and d~~~idends, as additional security for the indebtcJness. ~
Boo, 229 PAGE16~4
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