HomeMy WebLinkAbout1356 •tCUNITY AOR[tMtNT (CHATTtL MORTOAO~1 11AMC0 ROI~M ~ ~
UNI~ORta COMM[RCIAL COO~ /IMD. 011 tOR~.!
- ~4E~~ ~~eEmeYt# 314,1.42
(CHA7TEL MOR7~AGE)
~ht$ ~al'ePlltpllf~ made the day of Ju15- 19 ~ j
under the lavs of the scate of j'3orida
~ip~ettt Cli~ata.c Corporatioii of Fort P~erce herdn called che Debo~r
N~103t business address is (if aone, N[1~t "noae"~ j~J~~'n ?~~lj l~i}~ if ~ w~~~ Fort Yieree,FZc`1 •
3~1~~~
and whose resideace addtess is '
~d Coa~tline Di~tx~ibut~ n~ o~~' R~viera Beaciz~Tnc. hereia called ehe Secured Patty
~rhose addcess is ^,gpi~ ~1 f-t:'i Court Rivieru fieach~Fla. 3>14Cf+
~itnessefh:
To secure che paymeac of aa indebcedaess ia che amouac ot = ~ 7~ U7j~. j aith incerest. pay~ble •s folbwrs: ~
Lleven mor.tL~J~ ~_n: ~::1.lr~~ent~ pa~ able on the 5th o:~" ts-le r::ontzi ~.nci
be~inninL l~~a~t~~;, '1 ~~~'1~~^; in ~he a::oiint oi ;~'i ,t~~-= .00 ,_.T'.;111.`~ ~.T~tere:-t
~P_t2 UIlG }:C'2.i,<~l_V~ =~1-_t^~?;sIC,'G j~<i~`jL?~?1@ 01; t~lE ~~i~? Oi i'~@ rcnth 1':
t~~e 2L~;C~,1~:~ oi ;f'1 ~l'-~~=.~7j rl_t;^ i:1~e~e:'~.
DQC STq MP5 RTT' eHED Tb •N07~ .
as evidenced by a oote or noces of even datr hecewi~h~ and also to secure any oc6er iadebtedaess or liability of t6e Debtor
to t6e Secured Pany direct or iadirect, absolute or contiageac~ due or to become due~ oo~r e:isting or hereafcet arising,
includio~ all future advaaces or loans which may be made ac th~ opcioa of the Secured Pany. (all bereiaaftec called tLe
'~'~ligapoas") Debtor hereby grants and conveys to the Secuted Parcy a security iaterest in. aad mottga6es to che Secured
~a) the propercy described io t6e sc6edule herein (6eteinafter calied the rnllateral). which collateral the Debcot !
cepreseots wnll be used primarily ~
~ for personal, faa?ily ot bousehold pucposes ~ in fam~ing operations ia business or ot6er use
(b) all propcay, goods aad chattels of the same classes as those sc6eduled. acquired by the Debtoc subsequrnt oo the
e:ecutioa of this agreement and priot to its tecmination
(c) all ~roceeds t6ereof~ it any, .
(d) all increases, substitutions. ceplacemeats~ addicions and accessions thereto.
DEBTI7R WAI~t~RANTS, COVENANTS AND AGRF.~S AS FIDLLOWS:
?o pay and per[oem wll of the obligations secuced by this aaceement accotdioa to their terms.
To detend the title to the coltatecal agaiast all persons and against all claims and demaada. ~6atsoever, ~r6ic6
rnllaceral~ e:cept for t6e security interest acaated 6eceby, is lawrfully o~vned by the Debtor and is aow free sad clear of
any sad all lieas. security incerests. claims. charges~ encumbrances. tazes aad assessments e=cept as may be sec Eort6
ia che schedule.
On demand of the secured paay to do the following: fumish further assuraace of title~ ezecuce aoy vritten agccement or
i do aay o~her acts necessary to effectuace t6e putposes and provisions of c6is aateemeat, ezecute say instrument oc state-
ment required by lawr or otherwise io otder to pecfect. coatinue or tetminate the security interest of t6e Secured Patty io t6e
collateral and pay all costs of filing in connection cherewrith.
To tetaia possessioa of che coliaceral during the e~tisceoce of this agreemeat and not to sell, e:c6ange. assiaa~ loaa.
deliver. lease, mongage or othenvise dispose of same ~vit6out the written rnnsrnt of the Secured Pacty.
To keep the collateral at che location specified in the sc6edule aad not to cemove same (escept in the usual coutse of
businesa for temporary periods) wi~hout the prior writcen conseot of the Secured Parcy.
To keep the coliaceral ftee and ciear of all liens~ charges. encumbrances, tazes and assessme~ts.
' To pay. when due, all tazes. assessmeats and license fees relating to the collateral.
To keep the coilatenl, at Debcor's own cost and e:pense, in good cepair aud coadition atd svailable for inspection by
the Secured Party at all ceasonable times. ~
To Iceep the collateral fully iasured agaiast loss by fire, cheft and other casualties. Debcor shall gi~e immediate
written notice co the Secured Party and to iasurors of loss or damage to the collaceral and shall promptly Cle prooEs of loss
with insumrs.
TH~ PARTl~S FURTHER AGREE
R'aiver of or acquiesceace in any default by ttie Debtor,or failure oE che Secured Pany to iasisc upon stricc perfo~maoce
by che Debcor of any warta~ties or agreemen~s in this security agreemrnt. sball not rnostitute a wa~ver of an~ subsequmt
or othec deEsuit or failuce.
Notices to eit6er party shall be io wricing aod shall be delivered petsonally ot by mail addcessed to t6e pacty at the
address hertin sec fonl~ or otherwise desigaated in wriciog.
Tl~e Unifotm Commercial Code s6a11 govem the rights, duties aad cemedies of t6e parties and any prorisions herein de-
clared iavalid undet any law shall not invalidate any other provision or this agreement.
The folbw~ing shall constitute a default by Debtor:
Failute to pay the principa! oc aay installmrnt of ~rincipal or of interest on the indebtedness or anq notes ~vhen due.
Failure by Debtot co comply ~vich or perfo~ aoy prov~s~on of this agreement. False or mialeading representations or war-
taaties made or givm by Debtoc in conoeccioa with this agreemenc. Subjection of the collateral to le~q of ezecution or
ocher judicia! process. Commencement of any iosolaeocy proceeding by or against che Debcor. Deach of che Deboor. Any re-
ductioa in che value of the collatetal ot any acc oE che Deb~or which impetils the prospect of full petformance or satisfaction
of c6e Debwr's obliaations hereio.
Upon any. default of the Debtor and at the opuon of the Secured Pacey, t6e obligatioos secured by this a6reemeot s6a11
immediately become due and payable ia ful! withouc notice or demaad and the Secured Parey shall have all t6e ti6h[s, rem-
tdies and privileges w+ith ceapect to repossession, retention aod sale of t6e collateral and disposition of the proceeds as
are acco~ded by the applicable sections of the UniEorm Commercial Code respecting "Default"
Upon any defaulc apd upoo demaud. Debcor shalt assemble che collaceral aod m~1ce ic arailable co che Secured Patty rc
che place and at t6e time designated in the demand.
Upon aoy default. c6e Secured Pa~cy's reasonable accomeys' Eees aad c6e leaal and other ezpenses [oc pnrsuiaa,
searchiag for, receiviog. taking, Iceepiog~ storing. advectisiog. and selliaa tbe coltateca! s6all be chataeablt to the Deboot.
The Debcor-shall remain liable for aoy deficiency cesultin6 fmm a sale of t6e collatenl snd s6a11 pay aoy suc6 de-
ficiency fort6with on demand, ~
If che Debtor s6all defauic in che perfocmance of an~y of c6e proviaions oE t6is a6ceement on tbe Debtor's part w beper- ~
foimed, Securcd Parcy may periom~ same for the Debtor s accounc aod any monies e:peoded in so doins s6all beeharaeable
wich interest to che Drbtor aad added co the iodebtedness secured 6ereby. ;
The Secured Parcy is hereby auchorized co file a Finaacing Scatemeoc. .
ao~c~4~ P~cc ~35y ~
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