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Home My WebLink About2292 F.XRIBIT "C" iO , 22 1 l 3ECUI~ITY AOREEMFNT ICNATTEL MORTGAOEI -"^-is RAMCO rORM UNI/ORM COWIEI~CIAL COOQ IINO. ON CONP.1 . ~ECLt~~ ~~XEPritEri# (CNAT!'F.L MOR7L^ACE) v~ht8 ~grpQlttPttf, made che lst day of February 19 75 under the la~rs of the state oE Flo~id$ ~pftiUPPlt Aaita H. LoPresti, doing business as Olqmpic Title and Abstract Company herein called ehe Deboor ~rhose business address is (if noae, ~rrite "none") 1807 Okeechobee Road, Fort Pierce, Florida, and whose resid~nce address is 1000-C Royal P81m jdsy~ Fort Pierce, Florida, 33450 and Peninsular Title Insurance Company, a Florida corporatioII in called che Secuced Paccy ~ a?hose address is 17 S.E. Third Avenue, Fort Lauderdale, Florida 33302 j' ~ifllpSSEfE~: I To secure tfie payment of an indebttdness in the amounc of = 8~091.00 with intetest, payable as Eollows: The Security interest hereby created is granted as an additional security for the payment of the sum of EIGHT THOUSAND NINETY ONE AND NO/100THS DOLLARS ($8,091.0 ) ~ with interest thereon according to the terms of a promissory note executed by the Debtor dated February 1, 1975, and a~r extensions or renewals thereof, payable II to Peninsular Title Insurance Co~pany. i1 ~ iI r~ STATE ~~F FLGR~D~~~ INPAtMENfOF1~ i! ~ Z ~ D O~_ U!tA ~ N~ A R Y_,(' S T A M ~ > ~ R~ ~IBLE PEri.i0N.41. PRO?ER~Y. ~ ` c- uEF Qt s:~vGNil~ " ~ pN ~/?S$'C' IN7 .n.134. ACTS Of 19f1. , I \ - ~B. : iG~!~'7~ ~~i' ~ ( G. ' J ~ ~ ~ ~Q~ ~R{~ ~ ~ ^ = , ' _ ~ ~ p~~ sr. wc~E oo.. ~u , o ~ i I as evidenced ~by ~ a cate or not~s of even date herewith, aad also to secure aay othet indebtcdness ot liability ; ~ ~ of che Debtor co che Secured Party direct or ind'uect= absolute or coatiagenc~ due or to become .due, cw~v ezistiag ~ ~i or heteafter arising, iacluding all future advances or loaas which may be. made at t6e option of the Secuced € I Party, (all hereinaEter callcd the "obligations") Debtor heceby grants aad coaveys to the Secuted Patty a ~ security incerest in, and mongages to cbe Secured Party, ~ I ; (a)the pmpetty described in the schedule herein (hereinafter called the collateral), w6ic6 collatetal the ~ D~btot represeats ~vill be used pcimarily 9 ? for pecsonal, family or household pucposes ? in fazming operations Q in business or other use ~ (b) all ptopetty, goods and chattels of the same classes as those scheduled, acquired by the Debtot sub- ~ ii sequmt to the ezecution of this agreemeat and prioc to its termination _ (c) all proceeds theceof, if aay, ~ j~ (d) all increases, substitutions, ceplacements, additions and accessions theceto. ii ~ ~ DEBTnR WARRANTS, COVENANTS AND AGREFS AS F~OLLOWS: € ~ To pay and petfotm all of the obligatioas secured by this agreement according to their tecros. ~ ~ I To defend the tide co che collateral against all persons and agaiost all claims and demands whatsoe~er, ~vhic6 ~ # t collateral, except (or ~he security incerest granced 6ereby. is law[u11y owned by the Deb~or and is noa free and clear of ~ y any and all lirns, security interests. claims, char6es, mcumbmnces, ta:es aad assessmrnts ezcept as may be set [orth ~ in the sc6edule. - On demand of the secured patty to do the following: furnish furcher assurance of title. e:ecute any written sgteement or do any oiher acts necessary to effeccuate the pucpo ses and provisions of this ageemrne. ezecvte any instiummt or state- ment required by laW ot ocherwise ia ordei to perfect, continue or tecminace t6e security intetest of the Secured Partq in the collateral and pay all rnsts of 61iag in rnnnection thecewith. ~ To retain possession of the collateral during the euscence of chis aareement and oot to sell e:change, assian, ben~ v , delirer~ lease. mortgage or ocher~vise dispose.of same wit6out the written conseat of t5e Secured ~'aay. ~ To Iceep the collateral ac the location specified, in the schedule and not co remove same (ezcept ~n t6e usual coucse of ' business for temporary periods) aithoce the priot wntten rnnsent of the Secured Paccy. To {ceep che collateral free and clear of all lims, charges, encumbraaces, tazes and assessments. , ~ To pay, avhen due~ all cazes, asses~ meots and license fees relating co the collateral. ~ To keep the collateral. at Debtor s own cost and ezpense, in good repair aad coodition aad ooc co misuse, abuse, ~I waste or allow co deteriocate ezcepc fot noemal wear and tear and to ma~e same available for inspeccion by t6e Secuted ~ Patcy at ali reasonable times. ~ To ~eep the collatetal insuted a~aiast loss by fire (including ezteaded covecage) theh and othet bazacds as t}le ~ Secured Party may require and o0 obtaia collision iosurance if applicable. Policies shall ~e in such foem aod amounts and ~ I~ I with suc6 companies as the Secvrtd Patty may desiaoste. Poliaes shall be obtained from responsibie insutots.authuriud ; , ~ to do business in ehis state. Certi6cates of insuraoce or policies, payable to tbe respecti~e patues as theit ioteteat may : % appear, shall be deposiced wich the Secured Party who is sut6orized, but under no duty. to obtaio wch insurance upon i f~ failure of the Debtor to do so. Debtor shall~give immediace writteo nocice to t6e Securcd Pany and to iosurots oE loss or ! t I ~ damage to t6e colluetal and shall prompdy 61e proofs of loss with insuiots. Debtor 6erebq appo ints tbe Secuced Pa~tq the : ~ ~ attoroey for the Debtor ia obcainiaa~ adjustioa and caocelGng any such insuraace aod e~docsioa setdemeot dtafts and ; ~i herebr assign s to the Secuced Party all sums whic6 may becane payable undet auch insutance, includina recum ptemiums ; ~I a°d dividend~, as additional secunty for che indebtedness. : ~0~236 Pa~2289 ' ~ ~ ~ 3_ ~ . _ . _ _ _ ~ ~