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' NORTH AMERICAN BYTRUDER COMPANY, INC.
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SEGURITY AOREEMENT ! , _
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j Dated: vST" 3t~. 1976 "
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Buyer: WORLD OF PLASTICS, INC. ~
,i Street Addrese 3206 Enterprise Road ~
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~ii City Fort Pierce, County of St. Lucie, State of Florida
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; To Seller: NORTH AMERICAN BITRUDER COMPANY, INC. _
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;i _ P. o. BOX 590 -
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SPRINaFIELD, VERMONT o5156 ~
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~f The above-named bnyer, meaning all buyers ~ointly and ~ ~
i~ severally, having been quoted a¢ash price oP $?9,160.00, ~
~f hereby purchases from seller, on a time price basi~, the i
; PolloMing - described personal property, together ~~ith all ~
attachments, replacements, substitutions and addition$, f
; hereinafter referred to as "equipment": '
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~ One (1) North American - ReiPenhauser Bitruder TNi.n Screw I
~ Eatruder - Model BT 100-14R N1th optional equipment, ~
3~ Serial No. 10271 { ,
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4, pay seller or seller's assigns ~
for which buyer agrees to
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' - ~98,007.60 of which.$11,874.00 hss been paid ana $86,133.60 j -
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y-eight suc-
as balance of purchase price is payable in fort ' -
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~ cessive monthly installments aP #1,794.45 each, commencing ~ -
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~ ~ October ~5, 1976, and then on a like date oP each month ~ t
~ ~ bV thereaPter until fully paid. `
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~ The interest component of the contract time price is ~
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i: computed on an annualized simole interest rate of 12.6£~K perl
annum.
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Intierest aPter maturity shall be at the highest laNful ~ s
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~ rate. All payments will be billed to buyer monthly by sell- ~ ~
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~ er or seller's assignee. Title to equipment shall remain in ; €
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~ seller and assigns, irrespective of any delivery or re- ~
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s delivery to buyer, until said balance of purchase price is d
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~ ~TA~T~ ~F ~I..GF2fC}A;1 '
o' bOCUM~NIARY~ :~,aSTI; ~r1~ P T A X i '
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