The URL can be used to link to this page

Home My WebLink About0955 . i ~ • fllEa AK ~ ~ , . • St.IuC~E~O . avcca po I ~ CIERK CIRC ~ . hE .pao vEa~E~E~ DEPENDABLE ACC8r1'ANCE CO. 'A ~ ~ ~ . Box 131~4 Columbus. Ohb. 49213 ~_1Y ~ t V' I ~ , P~e~.ee ~ ...r~ aea con~oa~v: _ . _ ~ : . _ : ~ - . . _ s. `1'he scatama,b snd r~pe..eat.tbo. ntsae sy ths Pu~er nercin saa signea by rnrcba.ee ar. e~w. r~a~o11...e win laune- diaWy ~tify Seller or a~nee~ fa tarltins of any change in or discontiuusnce of Purchaser'~ plsoe oi reddeaos or ~ at ~lace~ d busineas whtchevu is or sre ,~et forth in asid atsteraent~ No nnaiu.ia~ itatement ~ ooverfng the CoUsteral is on Ne ~in any public omce. aad at requed ot Se11er, -P~lrcba~r wiD -~oin wltL nsn 3eller !n execu ona or more Snsnciug statements purauant to the Untiorm Oommercial (7ude, in fotm satls[setoty to SeUer and wrfll pay ths oast oi the wne in aL public omce~ wherever illing is deemed neceasar~ or dedrable by Sell~r. 8. Purchaser wlll not sell or oRer to sell or otherwiae transfer or encumber the Qollateral- or any fntereat tberein vvitlwut wtlttea conaent ot Seller: wW keep tbe Collateral in good order and repair aM wlll not waste or de~tray the QollateraL PnrcLa~er admits. upon examinatton. that ths Collatersl is as repreaeated by$eUer aad acicno~vledg+as acoeptanoe and deli thereoi oompiete wlth dtachmeats .and , equipment in good oondidon and repate: Shcer may ezaa~ine aad. in~pect the .Oouatq~al at aW? tiia0. where~?er locded. . _ . 10. 8eiler msy oorreet pstent erross herein aad in the note. ~ . li. Aqy notice to.Purcba~er shall be auIDdentlq gtven when mailed to Purchaser'~ address atated sbove. . 1Z Purcbaser wlq kcep the Cbllateral insured at sll Umes against loss by Sre aM/or otber hasards ooncerning whteb, fa tLe . judgment of the Seller. 1ns~?nee protection is reasoaaWy neoeasary. ia s campany or oompanies ~atfsf~ctorq to the Seller and in amounb s~cient to protect-8dler agatnat lws or damsge to aaid Collatenl. tt~at mch policy or poUcie~ ot insur~nce ~vill be dellv~ered to the Seller. together vvith los~ psyable clauses in favor of the Seller as 1ta interest a~ay sppear. in forsn satiatactory to tbe Sell~ IS. Up the happentt~g o! any of the following events or oonditioa0. aemely.• (I) ddault in the gayment or pettormaacx oi a~ oi the Ob1lg~ations or of s~i,j? mvenant or liability conWned or referred to heneia or fn any note evideacing an~ o~ the Oblfgstlom; (II) ~?Y warranty, reprreatatbn or statement made or furnfahed to 3eller by or oa bebali o! Purcba~r in eoanection wltlt tWs aat+ee- ment or to induce Seller to make a loan to Purcbaser proving to hsve been false in anr material respect aben made ot furnf~ed: (III) loa0. thett, sabstaatW daa~age. dntruction, eale or encumbrance to or oi aay o! the Oolisteral. or the makin8 ot at~' lery. ~eimrs or ' ettacbmmt thereo~ or thereon: (IV) desth. diasolution, terminatton ot ezistenc~ in~o2vea~7?. busfnes~ idlmes, appoiatmmt o~ recel~e! i o! atyr part o! the property ot. aa~signment for the beneHt ot cseditors by. or the commeacement ot aay Praceedin~ uader at~ banlt_ ~ ruptcy or insolveacq Itwrs by or agsin~t. Purchaaer or say guaraator or surety for Purc~sser; thareupoq or at say tiaae tbes+eattee ~ (such default not tiaving prwbu~ly beeu cured): (V) or if 8eller dcenu it~elt in~ecured. Shcee at it~ optton may declara a11 0[ ths ObligaUoas to be immedlstely due and payaDle aad sball then 2~ave the remaiiea ot a ~eller under the isw. iacluding. wftbout limita* tioa thereto, the right to take po~mion oi the Collateral, and ro: tbat purpose Shcer may. so rar a~ f'urcha~er caa 6~ ~b ~ ther~or. enter npoa anq prpni~e~ on which the CoUsteral or aay part thereoi aia~? be dtuated snd rrmove tLe aa:ne tlurd~nm. Beller maq require Porebaser to make the (7ollateral avatiable to Seller at s place to be dedgnated by 8eller wblch L ro~~mient ; I to both parties. SeUer wfll give Purct~aaer at leaat Sve days' prlar wrltten notice o! tbe time and plsoe oi aqy ~ ple tl~ereo! ae ! ~ of the time aiter ~vbich wy pslvate sale or aay other intended dispo:ition thereof ia to be made, arid at any ntch pttblic or prlvate i sale Scllar may pur~chase the Collatesal. ( 14. This agreement aad the eecudty it?terest ia We Oollateral crested hereby ahall terminste wl~en the Obaigatbns bave beea ° in full. No waiver by 3eller of aa,y default ahall be eQective uNeq in wriW?g nos opsrste aa a watver a[ aqy othee detault ar d t~bs ~ same defanlt oa~ a futur~e occaaion Seller fa authorized to SIl in any blank ~pacea her8ln aad to dste thb agreemmt appenpslatel~?. All righb ot $eller bereunder ahall inure to the benent of tLe hcirs. executors. administrators. wc~wrs and asdgns af Shcer: aad a11 obllgstl~ M Purcba~er st~all bind the heirs. executors. admtnistrstors. succeasosa aad asdgns of Purcba~er. Ii there be mot+e thae~ one Purcha~er~ their oalfgstions hereunder ahall be ~ofnt and eeveraL Thls Agreement shall be deeined to be b on tbe Pntc~uee Indln co~nstrued~a~c.eotdia~ to t,he~lsv~v of tLs 8tat,enoi beoome s completed oontract until aigned ~lw by tl~e Sella. Tbb /~reemmt sh~11 be 16. It b understood aad agreed t2~st thfs instrument and the proraiesorq note executed herewith may be assianed to a third •Upoa aoti~ce ot such aaaigamen~ Purchaaer agrees to make all payments at the o~ce ot the nasned aesignee and Pnrcba~er aclaww~ a~ny aad all de~.fetue~ which ~Purcha~er may hsive ~agatnst SeUer~and Purchaser ragreea to~se Ue all claims ~meat sLail bs tree of 8eller and not to ~et up any auch clsim in a»y actlon brought by assignee. a8ainst $eller diroctly arlth 16. Thia Securlty Agreement contatns the entire agreement between the parties. snd no oral sgreement shall be bindint Il48I(IN~NT AND W , A~T$ox 13194 Columb~g~ ~}~~p a i For value recelved. Use underaigned does hereby eell. asaign, transfer. and eet over unto DEP~NDABI.~ ACCEPTANCE (7b3~6~ ancoes~ors aad aadgn~. a11 of its rtght, Utle and interest in and to the wlthin eecurlty agreement, the amounta due and to beco~ae due • thereunder aad to the OoUateral therein deacribed, herebY Brar?tin8 full power to the ~aid aaslgnee. eit6er in t2iea~g~ ee's o~ra name or in the namn of the underaigned. to take all such legal or other proceedinga as the undersigned mfght hsve taken except ~or this assigament The undesafgned warcants that the withtn instrument and the note secured thetrby ars genuine aad in sll respecb wbat th~y pn~r port to be; that all statemmts oontained therein are true• that the withiu aecurity tntetest b Uu ~rst aad beat llm upoa the Gbllst~eral ~ described therein; tliat tbere are no detenies, oounterclaims. or set-o~s thereto thst a11 parties to the foregoing itutrument have ca- pacity to contraCt, aad tlist the undetslgned has no knowledge of facts which itnpair tbe validity or value of dthes the aaid note or the N?it,hin ~ecwrlty .s~reemeni ~~k ~ 6• ~ The widu~ ~ , r. t~s~ tbe said note and security agreement asiee out of a bona Sde sale made in compllaace wlth tbe law from the und _bYttf~ named in the agreement for the amount theretn, the CoUateral described therefa Las beai ac- cePted bY the~ ~s~4~t dov~ Payment was made by the Purchoser.in caah. unleas otherwtse speciscally stated in tt~ agree- raea~, aad that !ba cllilt ~~~ilidic~ted in aaid agreement haa been received and/or that t~e allowance given tor We tradtin is fa ths aaao~mt , b?~ ~ "aa;ee~enX ~ ~ 30th State of , nacea cr~ ...._:-nay or--..:...--~!.~g------. i~~ . . t. . . CountY -v : _ fact ~ • ~ ~ ' ~ ~ Ebco Manu 4 Th i ~ . . . . s 3~ D~ : _ ~ ' ,1 . ~ - sy ~ . - • " ~ k ~5~ PACE 9~~~., ~~.'~`.~f~. ~enua~..-V.P. ~ ~ r ~r~ i c . . . ~~k . . . - . .