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Home My WebLink About0972 ~ ~ ~ f ~ SECURITY AGREEMENT , ~ ~ September..20......~9?4._~~:~..4..~. b , ~~9 ~ ucie Flor sda3 . L . ~ - - - 4-- i . . . St.. . . ,~nite...Rid, e Water om an Box: 1088 Ft_ P_...erce _E?_... . Y . . . - ~ (Ham~) (Na and StneU (pb or Town) (Couot7) (here[nafter called Purchaser). for valuable conaideration, nceipt oi whIch is hereby acknowledged. dcea hereby purchaae from and doea hereby grsntto " EhCO ••MBRY-~S6tY•T~,R~}•-G0111Q~R~....-.-2br'.J-••~IAF~••-H~Alll~ta~---~aad..._..~oLu~abW~s~--~~--~~F~rankl.i, gu~:~-Dh3o-.... l~~) l o. and Btmt) ( t7 or wn (hereinaiter called the 3eller). a security interest in the foAowing described PmPertY and anY and a1~ a~essions thereto (hereinafter called the CoIIateral) for the total prlce and upon and subject to tt?e terms stated below: DESCRIPTION OF COLLATERAI.: 17--OASIS Water Coolers 5--OASIS Dispensers--S/N None S/N E767121 767124 ?67099 767117 767130 767098 767113 767129 767127 767128 E767126 767131 725542 72554? 725549 725541 757569 1TEMS DiAK1N(i IIP TOrAL OBLIGATIOh 1. (:ash Price oi Couaceral----------------~-- 2:042 .07 ; 2. Sales Tax if applicable.......-•--•--.._....--•-•------...... .............i 10.0~ 3. Documentsry Service CharSe•--•-----...___...--••-•---•--••-•--••-•-••---••- .i ~J2,~7 4. Tota1 Casb Price (sum of 1. 2. and 3)-•-•-:._...--• 5. i,ess ~own pay,nenc a 205.21 _ cash s - z~raae-~n i------------------------- .._i 205.21 .._=1. 846. 86 _ 6. Unpaid Balance of Cash Price (4 less 5)....---•--------------•---•-- _ 7. Cost of Insurance • 8. Principal Balance (aum of 6 aad 581.70 i 9. Flnance and Service Charge - - - i 2 ~ 42g.56 _ i 10. ltime Balance-Amount oi Note (sum of 8 and 9)-•••-----...-..•- ------'67.4f3 - ~ consecutive monthl instailments of each and one for ~ Time balance payable in ..._.36-------- Y : 20th October---------------_._..., ~s-----... ~ the remaining balance, to be paid on the day of each month commencing on until said total indebtedness shall have been paid. . ~ THE COA'DITIOA'S OF THIS SECUftITY AGREEMENT ARE 3UCH that Rnhaser hae executed snd delivered to 3eller his iits) certain promissory note of even date herewith, hereinafter referred to as the "Note", in the principal amount equal to the Time Balance shown above and payable as set forth above, and any Purchaser of said I~Iote ahall take the same iree from any defense thereto and/or claims, demands and setot~s of Purchaser_against 3eller, NOW. THEREFORE: If the obligation hereby secured, or any part thereof, ia not paid at the maturtty hereof, whether auch matnrit~i ar~ of time or by acceleratlon, sach entire obligation or the part thereo! which has matured, as the case may be. straight interest at the rate of 8~XO per annum until paid; ot at the option o! the Seller, the 3eller may collect and receive, and the Purchaser agreea to pay. a late charge calculated at the rate of 5~ for each dollar of any monWq inatallment, ahown above which is nstal~ml e t exceed i3.00, which late ch ge,ui amposed and oo lected by the 3eiler shall be in 1 u of such 8,~b~stra~8h u?t ~est on~the ao~licable installmen~ ~,~~n~r w~~c~ ~a oovenants that: BOX 1088 Ft. P ierce St. Lucie Florida 1. The Collateral will be kept at IStreet) (GYt~) tCouatp) lBlab) Purchaser will notify Seller ot any change in location of the Collateral and wW not remove the Collateral from the above atate without the w~ritten consent of Seller. The Selier may examine and inspect the Coliateral at any time. wherever located. 2. The Collateral ia or is to be used primarily in business use. 3. Purchaser's principal place of business is located at:......_.. ..............F~.~r~da---------.--.---------......-------------......--- = ~ ~e~«> ~ . , ~ ~ None Purchaser maintains additional places of business as followa: (If none, no indIcate)._.._..-••-----•••-•--•-••-••••-•-••---•••••-••-...--•---••-•-•--...--•---•••----...-•--••--~--... • ~ 4. If purchaaer maintains no place of business, Purchaser's residence is as above. ~ 5. The Collateral, which is not normally used in more ~d ~ than one scace, ~s ~~o~ pro~rty ~a W~n a~waya ~~a~? ACKNOWLEDGYENT OF RECEIPT Of COPY HEREOF. such, regardless of the manner in which the same may be in- stalled and attached to pipes or plumbing. It Se11er deetru it (1) po ~~f~ you rqd it or if it to~u~s my bl~nk necessary, Purchaser will obtain an agt'eement to sizi?ilar. e}fect from the owner or leasee of each parcel of real estate where fi~~ the Collateral may, from time to time, be located. 1'HIS AGREEbIENT I3 SUBJF.CT TO THE ADDITIONAL ~P~ a~~~~ PROVISIONS SET FORTH ON THE REVERSE 3IDE HERE- (3) UI~ I~IIr ~11 Iq~ ~1! fi~ ~0 ~ 0~ W~~~~ OF, THE 3AME BEING Ti~ICORPORATED IiE BY d~ p~ ~~I fl~~ pf UI! ~~OIM: REFERENCE. ~ ~O Slfti1C! C~if~Q. ° Ebco Maoufacturing Co. ~o< f~~~ ~ m ~ i e Ric~`"g`e ~l~a~er ~ompany,~`ox 1088, ~ 2~5 --~`I.orth...k~am~.~.ton---Rd. . - :.olumbus, Ohio . . Benua V.P. ~ -•---P.i~.erGe,----Floa~ida~ . , . . . <<~C . - .--...l~U._..G%~..~/.~.'..~....-~~~..........-~-- : Thia inetrument was prepared by --~~•~.-•-~-~~~A~••_..._---- Q ~~.r puret~aser ~,wr_1n ~i~E•N~dler 60Yw r~ - - - " _ _ '~i~~-~~~~ ~ ~ ~ ; z ~ ~ , ` ~ .