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Home My WebLink About0293 . ~._~;?:_~i. ~ ~ ' Purcha~er f+trttter wattanb and ooven~nts: o. 'i'ne aiaiemen'cs 8nd repreaenisuons matie oy i:ne F'urciiaaer bcrrin ~u~u aigu~xi oy i-un:iimrr uc~ iru~s. iu~iwcr wiu iuuna- diately notify 3elier or aseignee ia writing of any change in or discontinuance of Purchaser's place of realdence or place or pla~ces of businesa whichever is or are set forth in said atatement. 7. No ~na~icing atatement covering the Collateral is on lfle ln any• pubHc o~ce, and at request o! 3eller, Fnrchaeer wiU join aith Selter in eacecuting one or more 8nancing atatements pursuant to tha Uniform Commercial Code, in form aatisfactory to Seller snd will pay ihe oost of Sling the same in all public offices wherever Sling is deemed necessary or desitable by Seller. 8. Purchaser will not sell or oQer to sell or otherwise transfgi er encumber. ~he Collateral or any intereat therein without wr[tten consent of 3eller; will keep the Collateral in good order and repalr and wW not waate or destroy the Oollateral. 9. Purchaser admits, upon examination, that the Collateral is as reptesented by 3eller and acknowledge,s acceptance and delivery thereof oomplete with attachments and equipment in good condition and repair. 3eller msy examine and inspect the CoUatersl st sny time, wherever loCSted. " 10. 3eller may correct patent errora herein and !n the note. 11. Any notice to Purchaser ahall be aufficiently given when mailed to Purchaeer's addreas atated above. 12. PurcLaser will keep the Collateral insured at all times againat los~ by Sre and/or oWer haznrda concerning which, In the judgment of the Seller; insurance protecUon is reasonatily necessary, in a company or oompeNes aatisfe,ctory to the 3eller and in amounts sufficient to p=+otect Seller egainst loas or damage to said Collateral. that auch policy or policies oi insurance wlll be delivered to the 3eller. together with loss payable clause9 in favor oi the 3eller as its intereet msy~ appear. in form satiafactory to Lhe 8eller. 13. Upon the happening of any of the foUowing eventa or conditions, namely: •(I) default in the payment or performance o! any i of the Obiigationa or of aay covenant or liability rnntained or referred to herein .or in-any note evidencing any oi the Obiigstions; i I I) any warranty. representatJon or statement made or furnished to Seller by or on behali of Purcbaeer in oonnecUon wlth this agrce- ment or to induce Seller to make a loan to Purchaser proving to have been false in any material respect when made or furnished; (III) loss, theft, aubstautisl damage. destruction. sale or encumbrance to or oi any oi the (7oriateral, or the making of any levy, seizure or ~ at?aclunent thereof or thereon; (IV) death, dissolution, terminaUon of eaistence, insolvency. busineas iWure, sppointment of a receiva~ ~ of any part of the pro~ert~? of. assignment for the bene8t of creditors by, or the commencement oi aay proceeding under anq benk- ruptcy or inaolvency lswa by or againat, Purchaser or any guarantor or aurety for Purcbaser; thereupon. or at aay time thereatter - j isuch default not haviag previouely been cured); (V) or if Seller deema itaelf iniecured. 8eller at its option may declare all of the ~ Obiigationa to be immediately due aad payable and shall then have the remedies of seller under the Lw. including, without 1lnnita- ~ tion thereto, the right to take poeseasion of the'Collateral, and for that purpose Seller may. so far as P~rcheser can give aut~odty cherefor. enter upon sny premiaes on which the Collateral or atty part thereof a~sy be aituated and remove the same therefmm. 8eller may require Purchaser to make the Collateral available to Seller at a place to be designated by Seller which ia reasonably oonvenient to both parties. 3eller wW give Purc}iaaer at least flve days' prIor written notice of the time aad place of sny public sale t6ereo! or of the time after which any private sale or any other intended dispoeition thereof is to be made, and at any auch public or pdvate sale SeIIer may purchese the CollsteraL 14. Thie agreement and the aecurtty intereat in the Collateral created hereby ahall terminate when the ObUgations have been paid in full. No waiver by Seller of any default sball be effectlve unlese in wrfting nor operate sa s watver o! any other default or o! the same default on a future occasion 3eller is suthorized to 511 in any blank spaces herein and to date thls agreeraent appropriately. all rights of Seller hereunder shall inure to the bene8t of the heirs, executore, a,dnainistrators. auccesaors and assigna o! 3eller; aad all obligations ot Purchager ahall bind the heire, executors. administrators, succesaora snd assigns of Purchaser. If there be mon thaa one Purchaser, their obligations hereunder shall be joint and several. This Agreement shall be deemed to be binding on the Purctiaser upon a~cing his or its signature but ehall not become a completed oontract until signed a18o bq the 3eller. This Agreement ahall be construed acoording to the law oi the State of Ohio. 15. It ia understood sad agteed that this instruraent and the promiseory note executed herewith may be aasigned to a th1M party. L'pon notice of such assignment. Purchaser agrees to make all paymenta at the office of the named assignee aad Purchaser acknowl- ~ edges thef $eller ie not an egent ot•such assignee for anypurpose. Purchaser hereby agrees that such aaaignment shall be free of any and all detenaes which Purchaeer may have aga.inst 3eller and Purchaser agrees to settle all claims against Seller direcUy wlth ! Selier and not to eet up any such claim in any acUon brought by as~ignee. ~ ~ 16. Thls Security Agreement containe the entire agreement between the parties, and no oral agreement ahall be binding. ~ , ~ " AS9I~~~)5 N t W~~~R 11 t g~~ ('~lumbu I ~ or h am on Ro ; * Fcr value received, the underaigned does hereby sell, aasign, tranater, and aet over unto DEPE'1~b7?BLE 71~PI'~E CO.. ib successors and aesigns, all of its tight, title and interest in and to the within secutity agreement, the amounts due and to become due • thereunder and to the Dollateral therein described, hereby granting full power to We aaid assignee, eiWer in the aasignee's own name or ~ in the name of the undera3gned, to take all such legal or other proceedings sa the underaigned might have taicen except for this aaaignment. ~ ~ The underaigned warranta that the within instrument and the note secured thereby ate genuine and in a1l reipects what they pur- ~ ~ ~;~rt co be• that all etatements oontained therein are true; that the within security intereat 1e the nrst and best lien upon the Collateral ; ~ dcscribed therein; jL~t~ ~hgre are na defense9, counterclaims, or aet-offs thereto that ali partiea to the foregoing instrument have ca- ~ pacity to contract;~~ gtst the underafgned has no knowledge af ar?y facts which impatr the validity or value of elther the 8atd note - or the witlwt ~BCOt'It~,agreemen~ _ The uridersi 1i? .~t thst the eaid note and aecurity agrey~ent arise out of a bona 8de sale made in compl[ance with the law i rom the utiQ ~ Laser named in the agreement fdir• the amount therein, the Collateral described therein han been ac- ~epted b~, '~ife ~ovvn payment was made by tHe #~urchaaer in cash. unless otherwise speciflcally staten in the agtee- ment~, e~~dt :!!t~` _ f~dlcated in said agreement haa beln received and/or that the allowance given for the trade-in fa in the ~ ,in ent. J l ~ ~ Is ~ ':'i . ~ 9th , ..........~~ay or...:.:Septem_ber i975 - : cea ~ ~ ' unt~b . ~ ; _ _ : .~co .anufactur - pany. . < ~ ~ s_~ay: ~ -~:~,;-~9? ~ . . . . . . . ` . ~ . ~ . . . ~ ~ • Br ' ~.~T~,~'r. . '~.~_R-: . $enna ~ ~~/:P~ , ,?•r, • ~ ~ PAGE h..~..,,~" „ , ~ _ ,y ~ . . - ~ _ ~ . ~ ; - - ~ - ~_.~T~=R.~~ .