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~ s~ THOMAS 4 HENDERSON '
d HENDERSQN i MATNEJ~R
~ PACE ~G.~.
302 S. Wa~n Av~.
Tlt~+sviN. Ftorlda 327a0
SECURITY AGREEi1~tENT AND PLEDGE OF SECURITIES _ ~
In consideration of a financial accommodation given or to be given to
Egan, Fickett & Company by FLORIDA NATIONAL BANK AT TITUSVII,LE, hereinafter
called Bank, secured in part by the personal endorsement of the undersigned. the _
undersigned does hereby deposit and pledge with said Bank the following described
securities or other property (hereinafter called Collateral) . and hereby give and
grant to said Bank a Security Interest in all said Gollateral, to-wit:
Name of Corporation No. of Shares Certificate No.
Ten Mile Creek Groves. Inc. 250 1
St. Lucie Pacldng. Corporation 250 1 '
East CoaBt Packers, Inc. 670 28: ~9. 32, 1, 15 & 18
Egan. Fickett ~ Company 152 7& 5
St. Lucie Harvesting Corporation 250 1
D-N-E Sales . Inc . 30 10
Nevins-Ideal. Inc.
_ Said Collateral, and any subsHtutes therefor or additions thereto, together with ,
any interest . stock rights , rights to subscribe , dividends , stock dividends ,
dividends paid in stock, liquidating dividends, new securities and other property
~ to which the undersigned may become entitled by reason of the ownership of the
~ pledged property during the. existence of this agreement, is to be held by the Bank
i as Collateral and continuous security for that certain promissory not~ or notes of
~ _ even date herewith, executad by undersigned and payable to Bank and any and all ~
~ demands , notes overdrafts , indebtedness or obligations (hereinafter called
~ Indebtedness) of the undersigned to Bank either as principal or surety, covering,
~ inclutling and embracing all liabilities and indebtedness of every kind, that are
~ now due or owing . or may become due or owing , or that may hereafter be contracted
~ by the undersigned to Bank.
~
~ The undersigned will at all times maintain with Bank Collateral of a character
~ and value satisfactory to it ar~d, if at atly time the Collateral shall depreciate in
~ either market or intrinsic value, Bank to be the sole judge of such value, or Bank
shall deem itself insecure, the und~rsi~ned will unmediately, upon demand, deposit
` ~3~;*_i~.^.~! ~'~»~teral ~r s~~~!: Y~~ ~~„•s in r~a,~_tion of the principal amount of
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€ the indebtedness as shall be satisfactory to Bank. Failure of the undersigned to
F furnish such additional Collateral or make such payments within twenty-four hours
after demand for same shall at once mature the Indebtedness.
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~ The word "undersigned," wherever used herein, shall include both
singular and plural. When executed by more than one party, all references to .
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