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~ SECURITY AGREEMENT M~r~h ~10~._ _~??..~1630
, • . ~ 351845 _
~~~r1~ .~eS~.Q~...~~.tel,T....CitR~~D
y....-......BDX_.1~~..._.....~.~...».p.~l~Gl......._....$~t......Z.iI~C.~B..........Fl~l'~dl...._.3~.~•.. '
tx...~ itro. .ne nr..t~ ccKr _ ~ ccow~ui~ ~ tstuq ~
(hereinatter aWed Purcha~er). ior valuabie oonddezstlon. reoelpt ot w2~h is hec~eby ~~tina~wl~eA. doe~ beceb~r purr,base trom and does
hereby t Ro ~
~bco_~anufacturinq..Co~panY._ .~6~...~orth...~!!!ii~~t~A...~o~~---_..._~~~bu~..._....F~~Ak~,~t~---.....Qh~o
~K..o.~ «.a . ~ - ~ . ~
(heteinafter called tbe 9dler). a iect~dtp intee~ert 1tt the foiloM~ de~crfbed property and atty and a11 aoceplons tbereto (lurNnatter
called the (7olLteral) for the total prlce aad upon and subiect to tLe Lerm~ stated bebw: ~
DESAtIPTION OF OOLLATERAL:
30-•QASIS Mater Coolers S,/~1 attached ;
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n~s ~wxzxa vr rarwi. osi.tasriox ~
caah Yrlce ot cousteral ............._........_....w. = 3, 3:58.46 '
2. Salea Tax it applicable_...__._.......•• ~
3. Docuraentary service Charge....._ ............._._........._....__._...--•-~-~----~---....._...._......__.._._....._...i_ ' i
4. Total Gsh Prlce (sum ot 1. 4, aad 3) - s 8.4 {
5. Leas Down Payment Csah i !
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--......i 33~5 _ BS f
Z~ade-In =
- e. vnpsw Ba~ance or c~ ~c~ t~ ~~s a~ ................._....._.._.....-•--•---...__..._......_.....------•---••-i 3,~-61_ ;
T. (~st or Insuraaoe
8. Prlncipal Halaace (ia~m of d and 7)-....._...._.._.__
9. F[naace and service G~arte ................................_.....__...._i 486.99
io. Time Balanct-Amow~t ot Note (a,min oi 8 aM ..................._..._.------•••--•-•--._.....__.._i 3.531_60 _
T`ime e~.l.aoe pay.ble ia ~'4 oon~ecuuve moncl~ly L,.c.llmear: ae 14~ •~~.......w.._ each ana «ie ror
s
' tae remain[n~ balaace. to be paid on the .._......_...?~t•~1.......... dsy ot each month commeacin~ on ~ril 19.77
untU aatd total indebtedness shi11 have been pa[d. - i
THE CONDITIONS OF THIS SECtJRITY AGRFE'1[ENT ARE SUCH thst Purchaser ha~ executed and delivered to SNler his
I~ ~ its) certain promissory note of even date herewith. hereinatter referrM to as the "Note". in the prinMpal amount eqwl to the Time
G Balance stwwn sbove and payable as set forth above. and any Purcba~er ot eaid Note sball tske tht eame iree irom anr ddwe i
thereto aad/or claltns. demands and setoQs ot Put+chaser agsinst Seller, NOW. THEREF'ORE: '
~ It tbe obligdi~ hereby secured. or any part thereoi, b not pald st the maturlty hereof, whether such maturltr be caused by lspse ;
ot Wne ~r by aocelersUon. such entire obligation or tbe part thereot whkh ha~ tnatured. as the case may be. s1u11 theresfter draw ?
~ gc~gnc mc«~c ac ch~ z.te or a~ per annu,n unw pasa; or at ttre option oi We Seller. Lbe Seller may co~lect aud reoetve. and tDe ~
Purcha~er agreea to paq. s Iste cliarge calcubted st the nte of 5~ for eacL dopu of any manthly insWlnqent, ahown above which b ;
not pafd aa or bdore ten dsys after the due date Wereot, but In no e.went ahall the amount oi suc~ lste ch~r~e tor any one deisulted e
~ inetallment exceed =3.00, which late chuge, ii- imposed and oollected by tbe SeUer, shall be fn lieu ot such 8y6 stralaht lnterest at the '
` aPPlicaNe installment _ ~ _
` Purchaser wartst?ts and oovensnb that:
i 1. ~ c~u~ w,n ~ xe~c at .._...Box_._1088 Ft. Piere• St. Lueie Florida ~
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~ cav~ee~ ccns~ tcooai>> ~~esa~
~ Purchaser will notify 3eller of any change in locatlon of the OoUsteral and v?W r?ot remove the Collateral from We sDo~re state withont,
~ the wr[ttea oot~?L of 8ellei. Ttu 8eller may exsa~ine and inspect the (7ollateral at anq timG wherever located. • ,
2. The Collateral is or is to be uaed prlmarily fn busines~ use. Florida
3. Pu=chaseT's prinClpsl place of buainess ia located st:........._._..._...._._...._.__........._ .................`tw.)»........_._n....._...•---...._._..._........_.........__....
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Purchaser maintains additlonal placa ot business as follows: (Ii none. so indicate)~....._...••-•--••••--..KQ~31l........_..-•••-----•-----•• c
t
4. It Purchaser maintains no p14ce ot Dudnea~. Purchaser'a nsidence L as above. ~
f 5. The Collsterel, which fs not normally used in more NQj~ jp ~ ~
than one state. ia p~nal property and w[U sla?apa rematn
; suct~, regardless of Lhe ma~u?er in which the same may be in- ACKNO~FD~YEIIT Of ~ OF OOK HEREOf:
~ stalled and attached to pipes or plumbing. If 8eller deems it ~
~ n~ce~.sy, ~rcb.,r~r ww obwn an a~eem~nc to ~m~r eae~c tl~ Oe ¦ot sip riis A~ee¦M¦t 6~en ~a rai ~ r~~ oo~s ~ bl~k x
irom tbe ovmer or le~see of eacb parcel of r~eal eatste where ~ }
cr,e cou.teru may. rrom ume co ci,ne, be iocacea. Yw m a~Wi ~ ~ oon~pl~y filNi i eog of tMis IIQ~e~e¦t. a~ `
~ T'rII8 AORESI~[ENT I9 SUBJE(,`T TO THE ADDITIONAL . f~01~ a~.~o~r ~ w~? xa~. '
~ PROVISIONS SET FORTH ON THE R E SIDE HERE- ~ ~ ~ ~ ~ ~ a ~ ~ ~ ~ ~ ~ ~ :
oF, Txa awx~ sffixa nvoo~roxw ~rr sg /w ~1 w~ arbia a~il~t 1~ ~Y ~~tid nhM ~f tln sbrw
~bc~ ~anu~tt~rin9 Co. , ~a ~ s~ia d~p. .
~ 265 North, Ha~ilton Ad. ~ : Nhit• R!'~~'' N~t`~~d9~~R~; ~~C 1086, ~
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c~ um us. . .o ~ ~ ~ . . nu~a. . . . . . . . . . _ _
.F~. ie~~~,.... Q~ s~...__..
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1'hia inatevment was prepated by :
~ . Q . . ;
~ n..~_~o C. E. N~dler Q s~~ _ s~ r""a..~` ~
. . _ . - - - . . . . Q~t[ PAGE JJ ~ . . _ . . . _ . . . _
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