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Home My WebLink About0728 a I~AMCO IORM ~i ~ I ~tGN1~ITY Ai1~tW[NT ICNATr[L MORTiAOU YN1/011M COWt11C1Ai. COOt {INO. ON C011~./ _ (CHA?'!EL MOR?GAGB) - ~~83tttt~ made the day of 19 under che l~vs of the suce of ~ - '~e~Ptlt l~/' ~ 6erda ealled che Deboos wLose businesa address is (iE noae, wdte "aone") ~~/y~ . , and whose tesidmce dress is ~ 0~+ L~~+~~~y'~/E% • . ~d herein callcd ~he Secnred Partg wlase addteas i ~s' f~..i~.t••~ ~ ; ~ d"~~.-~.-- ~ ~itiuss.eth: ~ To secme ~he p~pmeot of an indebcedaess io t6e aoounc oE i 9~i ~j wit6 incecest. parable •s folbwsi- ~ Q' . L~~ ~~~p ~c~ 'e~_ : _ ~ ~?~j . - . ~ - , - ~ ~ . . j~J~ ~ . G'~ .i~-!~ - . ai e~ideace~•tiY a noce ornocea o[ e~en daccherewich, aod also co secore any ocher indebcedaess oc liability of c6e Debtor co che Secured Parqr direcc or iodirece, absolnce or-contioaenc; due or co become dns, now e~uscioa or 6eceaftec ~risins, t inclndia~ al ~ fnaue adrances or bana ~rlueh may be mde ac che opdon of the Secuced Pucy, (all hereinahec calied c6e - "obliaaaons ) Debcor 6ereby g+mcs sod con~eys to the Secnred P~etp a securicy iaetest in. ~ad morca~es to c6e Secnred p - ~i) tbe peope~ty described in ~Le scbedule 6etein (hereinaher called c6e~eollueral). which eolluecal t6e Deboor rep~esents will be used primarily ~ fot pstsonal, fawily ot Muse6old pacposes ~ in facmiua operacions ~buainess or other use ~ (b) all pm a~t~. aoods and.chattela oE the s~ne classes as c6ose sc6eduled. acqui ed by t6e Debtor subsequeat co the p 00 e:ecutioa of t6is a6ceement and priot to its tetminstion (c) all ~~oceeds tLereoft if anr, (d) all iacreases. subsututions. teplacemcats. sddiaons aad accessions tbecao. D~x wARxnNr~ c~ov~rv~rrs ~uvn Acx~s As ~rzows: To p~y and petfor~ a11 of c6e oblisatioas secured br cLis aareement accotdioa to tbeir terms. To defetd the title co tLe colluetal aaainst all persoas and aaaiasc all elsims aad demands~ ~6atsoe~er, whic6 collueral, escepc €ot t6e security ineecest staated 6etebr. is lawfullr owned by cbe Debtor aad is now free aad elear of . an' and sll liens, secncity intecests._ claims, chuaes, eacambcsnces. taues ~nd assessmeats e:cept as msy be set forth ie t6e schednle. - On demand of tbe secured party to do tbe Eolbwina: Eumis6 (urthet assurance of citle, e:ecute any wcitten aareemenc or do aay o~her ac~s necessary to effecnute c6e putposes aad pio~isions of this aateemmt. ezecuce any iascrumeat or state- meat required by Isw or oc6erwise in ocdec to peifecc, continue oc te~min~te the securiry interest of c6e Secured Paety in the ' oollueral and pay ~q ooats of filins in coaneaioa t6ece~ith. j To cetain possession of tbe collatecsl durina tbe euscence of this aareemeat aad not to sell. ezc6aoae, sssiao, loaa. _ ' deli~er, lease. awttaaae or a6enriie dispose oE s~me wit6out the wtittea conseat of t6e Secured Pa~t'. i To keep t6e cotlateral at che locscion speci6ed in tbe schedule abd not to remo~e same (e:cepc ia the uswl coutse of f busineas bt temponty perioda) wic6ouc the pnor wd[ten consmt of t6e Secated Parcy. e f To keep t6e collaceral kee aod ckar of all liens, c6araes, mcumbraaces, a:es snd sssessmeats. i Topa y, whrn due, s(1 cau~es, asaessmeaa and licrose (ees relatina co t6e collaceral. I To keep t6e collatecal, st Debtor's o~vn cost ind e:pewe~ in aood tepsir aod condition aod svailabSe for inspeaion bq - ~ che Secured Paay ac all ceasoaable times. I To {ceep che coilaceral fully insuted aaaiast loss b~se, ~ Debcor s6all ai~e immediate ' ~ wriccen notice to che Secured Party aad co iosuron of loss or damaae to the collaccrai and s6a11 ptompciy file ptoofs of toss ! with iosurors. ~ ~ THE PART7FS FURTHER AGREE ` iairer of or acquiescence in any defanlt by t6e Debtor,or failure of e6e Secured Pany to insisc upon stricc perfocmaoce by the Debcoc of any aarrancies or agceemencs in t6is security agcet~wc. shsll aoc consucute.a .ra?ver of any subaequmt . i ot ot6er defwlc or failure. ~ ~ Notices co eithcr party s6a11 be io wriciag aad ahall be deli~ered persoaally ot by mail addressed to cbe paay ~t tbe addcess herein sec fonb or otherwise designaced in writina. - 'Ilu Unifocm Commerciel Code shsll ~o~em che ria6ts, duties and cemedies of the patties and anr provisions 6erein dr clated iaralid uadec any law sball not in~alidate any othet pro~ision or tbis agteement. I'!~e fblb~rin$ shali coostitute a default by Debtot: Failure co pay e6e pciocipsl or aay instalimmt of ~rincipal or oE incerest oo the iadebeedness oc any aotes wbm due. Faitute br Debtorco comply wic6 oc perforao my pronston of chis aareemenc. Fslae or misleading represeocations or wat- h rancies made or given by Debtor in aonnectioa with this agreement. Subjeaion of the coUateral co le~y of ezecucion or - oc6er judicial proteas. Commencemm~ of anr iosolveoc~ proceedinp by or against t6e Debtor. Deach of che Deboor. Any ce- ductioa in t6evalue of che coilaierslor aay acc of theDebcor which imperita the prospect of full perfocmance or aatisfaction of tbe Debout's obliaa~ioas herein. - Upoa anT defsalt of the Debcor and ac the opcion of che Secured Partp, t6e obligacions secuced by c6is aareemmt shall immediacely becoa~ due and pa~able ia full wichout aotice ot demand and che Secured Parey shall 6ave a11 the ri6hts. rem- ' edies and pririleaes aich cespect co repossession~ retencioa and sale of c6e collateral and dispositioo oft6e ptoceeds ss - ate ucorded b the applicable sections of t6e Unifotm Commercial Code respeccina~"Default" Upon any ~efaulc and upon demaad~ Debtor shsll assemble the coltaceral and make it available to the Secuted Paar rt the place and at c6e time des~snaced in che demand. Upon sny default~ the Secured Paccy's reasonablt aaorneya' faes and the legal and other e:pmaes Eor putsuina, searc6in for, recei~ina. t~lcia~. Iceepiaa. soorin~, adveaisio6, and sellins the coilater~l s6all be chatae~ble oo the Debtor. T6e ~ebtor s6a11 cemaiu liable fot aay deficieucy rtsultins fivm ~ sale of tbe collaceral aod shall pay any sucb dr ~ciency forchvicb oo demand. If the Debtor shRll de(ault ie che perEocmaoce of.aa~r of c6e provisions of this +~reement on the Debcor's Qta w beper- Eotmed, Secuted Pacty ~ar perfocro same fot the Debtor s accouut and anr moniea e:pendcd io so doina shall be chataeable with iocerest to the Debcor ead ~dded to t6e iodebteda~as seeuted hereby. ~ The Secuced Parry is 6ereby suc6orized co fik a Fin~oeina Stacemeac. ~ - . ~ . o R z74 ~'t _ ~ d~it P~ ~rf- _ _ .