HomeMy WebLinkAbout0222 • • ~ .
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F BA 300 , . .
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~„~t No. ~ ~~~63
SECURITY AGREEMENT _ • ~
(EWJIPMENT AND OONSUMER QOODSI .
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Nsm~is ot eorrow~~t:1
th one. tMm joindy and sewrs11y) 'nsh~r plNd "8onowtr: of r
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5 , for vaiw r~oeiv~d ind int~ndinp to b~ I~IIy bound. hanbY 9~n to
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, Flwid~,
hereinsft~? pll~d "S~cund Party•, ~ rcurity int~rttt in tM toilowitq prop~rty:
New or Y»r IN~nuf~eturu o? ModN Nvmbr Msnufseturer's
iJs~d ModN M~k~ ITrW~ Namd OaetiPtloe of CoilttKtl or S~i~s SKisl No.
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toqetAtt with all incnasss. parts. (ittinqs. aoceasocits. sqvipm~ul. aad ~peeial lools now ot ber~alt~r alti:~d W any or any put thereol or used in
conneetioa witl~ any th~r~ot. and ail nplac~m~ats d aI! or anr put th~r~ (all d w' ii heninafter Aal 'Collatswl"), to re paymen~
o~ a promissory or notu •x~cut~d bT Botrower in th• amount ef D x.H /1t a~~,~ . s.r , J~,~_t~+t~j DoUus
.S of t~~n dat~ ben~ritb. and aay aod a11 ~n?~eaioes or nww~ls th~r~ol, aad aaT and all WAer WbUitiea or obiiq~tians
(primuy. s~oondary. d'u~et. eaotingtat w1~, joinl. or a~wral dus oc b btoom~ dw on whkL may b~ ~malen ea~tract~d oc acquired. of each bor-
rowrer (inctudinq uch Boaowsr and aar Wher p~rwn) b S~c~u~d Party isll tb~ lorsqaiaq baiaq h~rsfa~it+r ulbd tke '7iabil'ui~s'7, and slso to se-
cu~e We perlcrmanc~ Dy Borrowa o! tD~ aqrtkmenb hu~inaEt~r sa1 tat6.
Borrower hertby warrsats and agx~ ~ha~:
1. (al Dorrowrer is, tLe o~rn~r ot th~ Collatsral c1~ar d all liens :nd wcuritlr int~r~ts ~zt~pt th~ ~curity io?trest qcanted h~rebr (b) Borrower
~ ~a; :.`.a :-yLt ::~a :y.s:~a:: '=...a T;;e ::..,•4:=xza! ~ ::s..-3 sx ~.er • ° ~ss.~.~.y ~ !~s ~e::r:.~= e~~r±• r^~s:^.~!. !a~'s!y a:
hous~6oid purpw~a: ? larm purpos~s: or f,] bminas purpos~s: and (d) il ch~clad h~» Q. tb~ CdlsMral b beiaq acquired with th~ proceeds o(
~ :he ban provided lor in os s~cured by thfs aqr~em~nt, and wld p~ocMds will b~ uwd for no otb~r purpw~, and Borrowrer hereby su~horises Secured
?arIy b disDursa such proc~ds or anr part tber~of dir~ctlr to sNl~r d th~ ~oUal~ral ~ , waaa ~g~nt or r. or both. as shown on
~ Secviced Puty'~ recwds.
2. {a) Ths Collalenl wiU M i~ept at .
o. ) c ~ ~ ~7~ ~St+Nj
or if !eh blauic. at sddnss sbawn ai t!a t,oqianinq ot tDis sgroamsat: Dorrw~rK wW proeoptly awifT S~cur~d Partp ot anr cbanq~ in ~he lxalion e! .
ths Collateral witdin said stat~; and 8orrorrer wUl no/ t~mor~ 11» Collattral trom sai.i stab witbout Uu wrinem m~ssnt at S~cured P~rty. lb) II th~
Collatfral is used or acquir~d (ot us~ ptimuilY iot p~rtonal, lamilr or bous~boM purpos~s, or bt Ltm pnrpos~s. Eorror+tr's ryidenc~ in Florida is
~hat shown at ~he beqinning d d?is agrsem~nt aad 'Dorrow~r .?W ~.a~ay no~r~ s.n,r.a pu+r oe aar cbang~ u? t6e iocitian ol said residenee.
.(ai lf the CaUateral is aoquird ot us~d p~im~rilr tar busirNSS us~ aad i~ d a typa notmaUY vs~d ia moce t~an oe~ state. whether or not so
_ used. d Borrower has a plac~ d 'wess in mor~ Wan oas state, tb~ c6W p4a .of buainw d Do~rowr~r is•
[No. ~nd Stres~j
or, it INt blank, D that abown at th~ b~qian[nq d lbis aqreeoent, aAd Borrower
(CitY~ ~Cour?h'~ ~Stat~]
v?i!1 imm~dutely noU1y S~cur~d Partr fa wriUnq ot mr ehaaq~ in Eorrow~s eAl~! plac~ d bu~law. (W U arti8eata ot UW an iaswd oc oubsu+d~r?q
with respeet w any of ~ Collal~ral. Dorrow~r wW uus~ th~ L?I~~est d S~eund P~rtr b b~ ptop~rlr noMd th~r~on aed d~li~~r s~xh tertittcates o!
fitN b S~cured Part~. - _
. Bt~X ~ PACf'
4-0~03-000~9 Rev. 8l78
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