The URL can be used to link to this page

Home My WebLink About1621 . ~ 3ECURITY AQREEMiNT lG?1ATTt1. MOi1TOA4E1 ~~~~0 RAMCO ROiiM ~1 UNI/01~M COMM`1~CIAL CODE lINO. OR CORP.1 ~ This instrument was P~P~~~ by Chester B. Gn~n ~ ~4A N~ ~ ~4PCli1't~~ ~g~'EEriiPrif fort P~~-E~ (CNATI~L MOR7~AGE) ~uht8 ~grtelltpttf, made chc 30th dey of September 19 75 uader t6e Iaas of the state oE FlOrldd ~pttUe¢ll SLORICK GAS, INC. , a Florida corporation, het~in called the Debt~r ~rhose business address is (if aoae, arite "none") p. O. BOX 2~ Fort Pierce , Florida 33450 and whose resideace address is ~ NOII@ Eleanor G. Pitts & A. C. Pitts, I and ISaaC P. PittS ~ Lyn11 AttaY'ian ~ Sally PittS hereia called che Secured Ps~tJr - ~ ahose address is 100 Avenue A, Fort Pierce , FL 33450 ~ I~ ~~t~l~spth: To secvre tfie payment of an indebtedness in the aa?ount of = 239 ~ 16O .00 rvith iaterest, ~dynuar ua avaavwa. ~nterest d~ I' dI111UlIl sha11 be i ~ ~ ~ ~ ~ ~ ~ pe payab le monthly un- til December 31, 1976. Beginning January l, 1977, the sum of $239,160.00 shall be amortized in 120 equal monthly payments, in- cluding interest. i ~ li ~ ~lr~~ 1 ~ ~ ~ G •l a~ r~n ~ ~I~ q~ on ~c' urt~euE rfaso~a:. ~~0.~~~1: pu~ n-i~t. ~s oF iy~~. r'~'~~~ ~ q~ ~j~py~~ ~T.~IIICIE D0. F~A as evidenced by a noce or noces of even date herewith~ aad also to secure any other indebtedness or liability j~, of the Debtor to the Secured Party direct oc ind'uect, absolute ot contingent, due ot to become due, now esisting (i or hereafcer arising, including all.future advaaces or loaas arhich may be made ac che option oE the Secured ` Party, (all 6ereinafter called the obligations ) Debtor 6ereby grants aad conveys to the Secured Patty a ' ' 4 security interest in, and mortgages to the Secuted Party, ~ E (a) the property desccibed in the schedule herein (hereinaf ter called the collateral), which collateral the ~ j ; Dtbwr teptesents will be used primacily ~ ~ ' ~ for persoaal, family or household pucposes ? in farming opecacions ~ in business ot ot6er use ~ (b) all pcoperty, goods and chattels of the same classes as those scheduled~ acquired by tbe Debtot sub- ~ 'i sequent to the ezecution of this agreement and prior to its termination ; (c) ail proceeds t6eceof, if any, ~ (d) all increases, subscicutions, replacemencs, additions and accessioas t6ereto. ~ ~ - ~ i~ DEBTI~R WARRANTS, COVENANTS AND AGREES AS F~LLOWS: E To pay and perfosm all of tbe obligations secured by this agreemenc according to their terms. To defend the title to che collateta! against all persons and against aU claims aad demands whatsoever~ wbich ~ ~ i f collateral, e:cept for the securicy interest granted hereby, is lawfutly owned by tfie Debcor aod is now free and clear of ~ ji any and all lirns, security incerests, claims, charges~ eacumbrances, caxes and assessments ezcept as may be set forth i ' in the schedule. ; ~ On demand of the secured patty to do the following: furnish furthet assurance of citle~ ezecute any written agteemrnt } Ii or do any other acts necessary to effectuate t6e purposes and provisions of this agreemrnt~ ezecvte any iase[ument orstatr _ ment required by law oc otherwise in order to pecfect~ continue ot tecminate t6e security iaterest of t6e Secured Party in ; ; i the collaceral and pay all rnsts of filing ia rnnnection thecewith. ' ~ To retain possession of the collatera! during the euistence of ~his agceemeat and not to sell e:change~ assign~ loan, ' deliver, lease, moagage or otherwise dispose o( same wic6out the written coasenc of t5e Secuced {~arty. ~ i To {ceep the collateral at the bcation specified. in the se6edule and not co temove same (ezcept in the usual course of ` business fot tempocary peciods) without che Qrior wntcen consent of che Secured Pacty. i To Iceep the collateral free and clear of all liens, c6arges, encumbrances~ tazes and assessments. ~ f To pay~ vrhen due~ all ta:es, assessments and license fees relating to the collateral. ' To keep the collateral. at Debtor's own cost and ezprnse, in good repair apd condition and not to misuse~ abuse, ' ~ waste or allow to deteriorate ezcept for noemal wear and tear and to make same available for inspection by the Secured ~ ~ i Patty at all ressonable times. ; To keep d~e collateral insured a~ainst loss by fire (including eztended coverage) theft and ochec 6azatda as the 3 ~ Secured Parcy may tequice and to obtain collision insurance if applicable. Policies shall 6t in such fom~ and amo~t?ts and a r with such compames as tbe Secured Party may designate. Policies sliell be obtaiaed itom responsible insuroca.autborised ~ i to do business in this state. Certificates of insucance or policies, payabte to the respective parties as theit intetest may appear~ shall be deposited vrath che Secuced Party wbo is authonzed, but undet ao du[y. io obtsin such ia~urance upoa ~ ~ failure of the Debtor to do so. Debtor shall~ give immediate ~rritten notice to tbe Secuced Patty and to insurots of loss or F ~ damage to the collatenl and shail pcompdy file ptoots of loss wich insurocs. Debwr 6ereby appotats che Secured Paety the ~ attomey fot the Debcor in obtaining, adjusting and cancelliaa any such insurance and endorsioa settlement dtafts and ~ ! hereby asaians to the Secured Pany all sums which may become paysble uodec such iosutence. includins tetum premiums ~ ~ ~ and dividends, as additional securicy fot the indebtedness. z ~ B0~lc ~~4 PACE~62z ~ ~ - - - - - - ~ - _ r ' -r -~'~~~+'r~."' ~ - = ,~``f-`~-rz`-