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Home My WebLink About0292 • ~ SECURITY AGREEMENT 1975 Sep t emb e r.._ 9., .......~1422..... ~ . ~ 31~s~~. _'~yh.~te._.~~d9-~. V~at.~r.._Comp~ny.........__.....---.B.ox_.1088 .............F~._..P.ier~e-----._..S.t.._.LuciE....----..F.lorid~a............_ ,s~4~u - lhereinaiter eslled Purchascr), for valuable conaideratlon, receipt`ol~which ia hereby acknowledged. does hereby purchaac from a~Td ~o~s hereby grant to Ebco_.Manufacturinc~ _Company_..._._2b5.._North..Hamilton.__Koad._..____Columbu.s_._.___._Franklin._.__ Ohio /Nam~) lNO. aM Etreet) tCtq or 2b~n) tCOUnt~) l8tate) (hereinafter called the Sellerl', a secutlty intereat in the following deacribed property and any and all acceasions Wereto (beteinafter called the Collateral) for the total price and upon and subject to t6e terms atated below• DESCRIPTION OF COLLATERAL:2O--OASIS Water Dispenser S,/N NONE 10--OASIS Water Coolers ~/N E802211 802201 802182 802183 802209 802213 802230 802210 802212 802226 rrE.MS ~xnva vP rarwc. oBLtaw~ox 1. Cash Price of couateral__....---~-~------------- 1, 503.42 2. 5ales Tax if applicable . 3. Documentaty Service Charge.--••---_----------------•--•--••-•--------._..........•--.•-•--._._............-•-•-----...__.i 20. 4. Total Cash Price t~„n or i. z. ~a s~.--~---~----------------.__... ---.........................---...---...._..s 1, 523.42 5. Less Dow-n Payment = lr'J0.34 (~sh E ~aa~-~ s-------------------------------._.... ---~--........--~---....__.:............_._..s 150.34 - ~ 6. Unpaid Balance of Cesh Price c4 s~-----~------ ----~----~---~---------=~-373 .08 _ I 7. Cost of Insurance ~ 8. Principal Balance (aum of a and 7)--...._.__..----•----••---•-------.•--• ----...---...••••'.---.•--•---•-....._.i ; 9. Flnance and Service Cbarge 233.24 ~ 10. 1`ime Balance-Amount of Note or s~?a s~-----------------------......._._........----------..._..; 1, ~06.32 _ t Time balance payable ~n ------24-----•-•.--.------- consecutive montWy inatauments ot f?6.s 93.•-••---•••---.......--•--•--._ each and one for ~ the remaining balance. to be paid on the ZO~r.~1........... day of each month commencing on _...._..._QC~Q~~.~.---•--•-• 197.~~.. ~ until said total indebtedneas shall have been paid. THE COA'DTPIONS OF TffiS SECURITY AGREEMENT ARE 3UCH that Purchaser Laa e~cecuted and delivered to Seller his ~ its) certain promiasory note of even date herewitD, hereinafter referred to as the "Note". in the principal emount equal to the Time Balance ehown above and payable as aet forth above, and any Purchaaer of aaid Note shall take the aame free fmm any detense thereto and/or claims, demands and setoffs of P~rchaser against SeAer, NOW, THEREP'ORE: If the obligaUon hereby secured. or any part thereof, ie not paid at the matur[ty hereof, whether auch maturitq be caueed by lapee of time or by acceletation, such entire obligation or the part thereof which has matured, aa the case may be, shall therea[ter draw straight interest at the rate of 856 per annum until paid; or at the option of the Seller, the Seller may collect and receive, and the Purchaser agrees to pay. a late charge calculated at the tate of 5~ for each doUar of any montWy installmen~ shown above which ta not paid on or before ten days after the due date thereof, but in no event shali the amount o! such late charge for any one defaulted installment exceed ~.00, which late charge, if imposed and oollected by the 3eller, ahall be in lieu ot such 896 atraight interest on the applicable installmen~ Purchaser wan~ant~ ~a ~~e~c~ cnac: gox 1088 Ft. Pierce ~t, Lucie Florida i. ine Goiiaterai wiii be kept at i t8treet) (Cftr) (COUnt7) (8tat~) F~urchaser will notify Seller of any change in location of the Collateral and wlll not remove the CoUateral from the above etate arithout t he written consent of 3eller. The Seller may examine and inspect ihe CoUateral at any time, whereverlocated. i 2. The Collateral ie or is to be used primarily in busineas uae. , ~ i~ 3. Purchaser's principal place of busineas ie located at:---......_.._....----•- Flarida..........._..............----.-.--------..........._... . ~ letate) ~ ~ Purchaaer maintain~~ additional places of businesa as foliows: (It none, so` ~ai~ace~.__.._...._.._____._..None ~ ~ • 4. It Purchaser maintains no place of businesa, Purcheser'a reaidence is as above. 5. The Collateral, which is not normally used in more j~ ~J~ ~p than one atate, ia personal property and wiU alwaya remain ACKNOMILEDGMENT OF RECEIPT OF COPY HEREOf: such, regardles~ ot the manner in whtch the same may be in- stalled and sttached to pipea or plumbing. IE Seller deems it ~1~ ~ ~ ~ ~ ~ ~e ~ ~ ~ ~ ~ ~ ~ necessary, Purchaaer will obtain en agreement to similar esect ~o from the owner or lesaee of each patcel ot real estate where o,o ~W~ the Collateral may, from time to time. be located. Y~ jA ~ pf ~~~qp~ ~ THIS AGREEMENT I3 3UBJF~C;T TO THE ADDITIONAL ~ ~K~ ~ ~ ~ ~ ~ ~ PROVI3ION3 SET FORTfi ON THE ftEVER3E 3IDE HERE- ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ OF, THE SAME BENd INCORPOKA ~p~p; IN BY ~ REFERENCE. _ -.T~ ~ dYE illd Ull~tf ClftilR ~ 10 0~111 ~ pLWI ftfY~ Of ~!f ~bOrO :=~co t~tanufacturing Co. - ~ ~ ~ ~ ~65 _Nor~h .H~m.~.~.~on_ Rs~..------- - ---~~~.~1L/ :Wtiite Ftf'd~`~` 6~t~'~c°~d~~`a~°y~ `-~"°o3c _ 1oss, ~ ;olumbus, Ohio 5"'`~ .R. enua, V.P. tV --~t... _P~..ex'ce...... .~.o.~3.s~~.... . . , : . . ~ J; . - Thia instrument was prepared by . ~ ~ . _~G.t./~Cnl~. Sfs~ . ~ • • • • - - , - . C . E. F~~er ~ _ __7, . . - - ~ - - - - - - ' _ _r~,~,~