HomeMy WebLinkAbout0372 . .S .,9~1 ,
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c/ ~ RAMCO FORIa ~2 ~
iECURITt/ A611EEMaN• lCNATTEL MOI~TOAQiI A_7
UNIFORM COLW6RCIAL COOE UNO. ON COI~V.1
o~4~c~~ c~~~m~nt ; - 28'~8p2
(CHATTF.L MOR7~AGE)
~ 1974
~his ~greeinertt, maa~ ~h~ 2.~,
f day of Ju~y
under che laws of che scace of Florida ~ -
~Pf~UPell Gulfstream Broadcasti~~ Co. ~ II1C. ~ 8 hueia called che Deboor ~
orida Corporation ~
ahose busiaess address is (if aone, wnte "aone J ~
5199 N. E. 12th Avenue, Ft. Lauderdale, Florida ~
and ahose residence address is same herein called the Secuced Pa ~
~,a First National Bank ~ Trust Co., Washington~a.
~rhose address is 200 West Beau Street, Washington, ~
Pennsylvania
I ~itness~th: #
with incerest, payable ~4Q~Q)t)CX }
To secure chc paymen~ oE so iadebcedaess in c6e amounc of = jSO ~ 0~ I
in accordance with the provisions of promissory note of even ~
date, a true copy of which is attached hereto and marked Exhibit ~
~~A~, . .
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- ReCEn~ ~N Mn~e~rt oF s~
DlE ON dASS 'C INTANGIBLE PER90lIAL PROPERIY,
PUR~I~NT Tp qi~PtF~ 71-1~-t. AC1S Of 19/l.
RGGER POf1~:A5
- CkFRII CIRqIIT OOURT, ST. WCfE C0, ffA
~@XX9t~X4k~jE9C~C4[s]C~~1C](4E44~7~]C4FlCl~(4C~fi7FlE~G a°d also to secure any other iadebtedaess or liability of the Dcbtor
co the Secured Parcy direct ot indirect. absolute or conti~geat, due oc co bernme due~ now ezisting or hereafter ariaing,
includio~ al ~ fucure advances or loans wluch may be made at the optioa of che Secured Paay. (all hereiasfter called t6e
"obliqaaons ) Debtor 6ereby grants and coaQeys to the Secuttd Party a security iaterest in, aad mottgages to t6e Securcd s
i p~ ~ • f
ra) t6e pmperty described ia the schedule hecein (hereinafter called the collacetal)~ which collatera! the Deboor
represeats w~ll be used primarily
Q fot persoaal, family or ?ausehold puiposes ia famiing opecacioas ia busiaess or other use
(b) all propecty, goods and chattels oE the same classes as those scheduled. acquiced by the Debtor subsequmt to the ~
e:ecucion of dus agreemmt and prior to its tecminatioa
(c) all Qmceeds thereof, iE any,
(d) all lncceases. substuucions. ceplacemeo~s, additioas and accessions t6ereto.
DEBTC~R WARRANTS. COVENANTS AND AGREFS AS F~OLLOWS: ,
t To pay and perform all of che obligations secured by t6is aaceemeat according co their terms. Wbacsoever ~v
To defend c6e cicle co the collatecal agaiost all persons aad agaiost all claims and demands, ,~~b
~ collacecal, e:cept for che securicy in~erest granted 6eceby. is lawfully owned by t6e Debtor and is now free and deat of ~
~ any and all liens. 'security incerescs, claims~ c6arges, eacumbrances. taxes aad assessmrnts ezcepc as may be set forch ~
in the schedule. `
On demand of the secured paay to do che following: fumish further assutaace of title, e:ecute any wriccea agreement or
do any ochec acts necessary to effectuate che purposes aad provisioas of this agreement, ezecute any iastcumeot or state-
ment cequired by law or otherv~ise ia order co peifect. coatiaue or terminate the security interesc of the Secured Party ia che
collaceral and pay qll costs of Filia~ in conaecuon thece~ritb. ;
To ntaio possession of chc co ateral during the eziscence of this agrcemeac aod oot m sell, ezc6ange, assign. loan; _
deliver. lease, moctgage or oc6er.vise dispose of same .vichouc che wriccea consenc of che Secuced Parcy• ~
To ~eep the collateral at the location specified in the sc6edule and oot to remove same (e:cept ia the usual course of ;
~ busiaess for cemgorary periods) wit6ouc che pnor .Pritceo consenc of c6e Secured Pany. ~
To keep the collaceral free aad clear of sll lims. c6arges. eacwnbnnces, tazes and asaessmcnts. ~
To pay, p+hen due. all tazes, assessments and licease fees relatina to the collateral. ~
To lceep t6e collatenl, at Debtor's owo cost and ezpease. io good repair and coodicion and availsbie fot iaspectioa by
che Secured Paay at all reasonable times.
To keep t6e collaceral fully insured agaiast loss by fire, theft and other casualties. Debcor shall aive immediate
writteo notice to the Secured Party aad to iasumrs of loss or damage co the collatecal aad s6a11 pcomptty 61e proofs of loss
wit6 insurots.
~ THE PART7F.S FURTHER AGREE
~ Waivet of or acquiescence in any defaule by che Debcot.or failure of the Secured Party to insist upon strict perfocmaace
by the Debtoc of a~y wanancies or agreemeats ia thia security agreemrnt, shall noc constitute a~raivec of any subsequrnt
`"f or ocher default or (aiiute.
0 IVotices to eicher pacty shall be in writiag and shall be delivered pecsonally ot by mail addressed to the party at the
C) address herEi~ set forth or otherwiae designated in wcicioa•
~ O The Unifoim Commercisl Code a6a11 govem the rights, duties and temedies of t6e parcies aod any ptovisions herein de-
_ --i m clared invatid under any lawr s6all not iavalidate aoy other provisioa ot t6is agreem~nt.
r- ~ The folbwiag shall constitute a defaulc by Debtor:
~ D D Failure co pay che pciacipal or any installment of ~rincipal oc of incerest oo the iadebtedness ar any notes whea due.
~ Z Failure by Debcor to canply wit6 or petform aay pcovision of this agreemenu Falae_ or misleading represeatatioos or wat•
~ r'~,., rancies made or givm by Debcor in conaeccioo w+uh chis agreement. Subjection of the collatecal co lev of e:ecution or
~ ~ O m other judicia! process. Commtocemmc of any insolveacy pcoceediog by or aaainst the Debtor.~D~i~1K~ty~~CAny+K.dG~
-~,~~~~~~~~~}~Xact of theDebeor v~hic6 imperils the proapect of full pecfocmance or satisfacuon
~ p Z o e Debwr s o ~aatcons herein. '
r*, ~ Upon any default of the Debtot and at tbe opcioo of the Secured Partp, che obliaations secured by chis a$reement s6a11
~ v immedtately become due and payable in full witlaut ootice or demaad and che Secuced Pacty s6a11 have all the rights~ rem-
r- - edies and privileges wit6 respect to repossession. recen~ian aad sale of the collate~al and d~sposition of the ptoceeds as
c ~ T~ are accocded by the applicable sectiona of the Uoifocm Commeccial Code respec~ina Default ~
0 Upon aoy default snd upon demaad. Debtor s6all assemble the collateral and make it avsilable to the Secured Patty at
~ ~ ;o c6e place and ~t shs'time designaced ia che demaad. ~ ~
. Upon any •defaolt. che Secured Pattq's reasonable attomeys fees and t6e legal and ot6et ezpmses Eor pursuiog.
~ N seacching for, teceivia6, takin~, Iceepiag. storiog. advertising. sod selling tbe collatenl shall be chargeable oo the Debwc. ~
U 'Il~e Debcot shall remain liable for any deficiency resulcina ftom a salt of the collatec~l and shall pay any such de-
` ~ ficimcy fortb~ich on demand.
D lf che Debtor ahall defaulc in the performaace of sa~y of che pro~isions of c6ia aareemmt oa the Debcoc's paa to beper-
' forme~~ Secuced paay may perfocro samr for che Debcor s accoua~ and any monies ezpeaded in w doina shsll bec6sraeabie
; with interesc to t6e Debtoc and added to the indebtedueas aecured heceby.
~s The Secuced Patty is hereby aut6orized co 61e a Finaacina Stacemeat. [J ~
~ ; eooK230 P~cE 3~
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