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~ 3i34'710
ftCU1~IT1/ ASI~tEMENT ICNATTtL MONTOAitI RAMCO IOIlY ~ /
WII~OI~M COYYtRC1AL COO< lINO. OI~ CORP.1 . i
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(CNA?7EL MOR7~AGE) j
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~this ~~ePlittlt~ ~.a~ a~~ day of ~ l~ i
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uader :he la.s oE the scace of ~~~f
~@nUBttl `f/ ~ ~ J - herda called che Deboor
~ "noae") / ~ i
~r6ose busiaeaa sddress is (~.~~r~e+ee
~6 ~ ~/6 ~T~.~-~ s"o .
aad w6osc residmce addre~a ~
and hetein called d~e Secured Psity ~
Q~1OSQ H i~ ~ • ' ~
~ ~ ~?.~~~j~ 3 so
~it~~~$eth: ~
To secute thc payment of aa iodebcedaess ia che amounc of = 8~~~~~ ~itb iaterest, payable aa folbws:
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G~;~"` ~
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' ~ ' - ~F FLORI[7Li.
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OC Mf E RY~,~,STAMP TAx~
~EPT. Oi REYEKUf .
• ' ~ : - _ _ IlvY t6'l7
; = 0 I. 3 5 ~
_ 102 ~
ss e~ideaced by a ooce or aotesaf e~en datt~hetewit6~ and also co secure any o:her iodeb~edaess or liabitic~ of tbe Debtot
m che Secured Pany direcc or iodiiecc, absoluce or COOUD6l1~t~ due or to become duc, now esisciaa or hereakct uisina.
iacl~ia~ all fncure ad~ances or loaas .rhic6 may be made ac che opaon of cse Secuced Party, (all 6eceioafcer called che
"obliasuons") Debtor hereby araacs a~ad conveys to the Secured Party a sec~erity iaterest in. aad mott~aaes to t6c Seenred
Pucy. -
(a) :}~e piopecty described in the sc6edule 6eteio (hereinafcet called cLe collaterai). w6icb oollstersl ~6e Deboot ,
tepresents will be used prim:rily _
fot persoaal. familq or Musehold pucposes ~ in fataioa operations to bnsiness ot ot6cr use
(b) all pcopercy, aoods aad cha~tels of the sa~oe classes as tbose sc6eduled. acquired by the Debcor subaequeat to the
e:ecution of t6is agreement aad prior to its terminatioo
' (c) all Qroceeds c6ereoft if saY,
_(d) all increases. subsututions. replacaneots. addicions and accessions thaeto.
DEBT 17R WARRANI ~ G~OVENAN7S AND AGREES AS FnLLOWS':
To pay aad perEotm all of t6e obligations secuted by this aareement actotdin6 to their tecros.
To defend the ci~le to thc collaceral againsc all pecsoos aod sgainsc all claims aad demands. ~hatsoe~et, whic6
collaceral, ezcept for the securicy incerest graa~ed beceby, is laafullq ow~ned by the Debtot ~d is oow free and clai af
any and all lims. sec~uity interests. clsims, chacaes, mcumbraaces. tues aod assessmrnts ezcept as may be se~ focth
in t6e sc6edule. -
~ On demaad of t6e secuced pany to do the folbwioa: fumis6 [urt6er assurance of citle~ e:ecute any written aarcement or
do any ocher accs necessary to effeccuate che purposes and pcovisions of this aareement. ezecuce anq insuumenc oc stace= -
I ment required by law or ocherwise io order to pedect. contioue or tecmiaate the security iotetest of the Secared Psay in the
collatenl and paq all rnsts of fi4a ia connea~oo t6erewith.
~ To retain possession of t6e co~laceral during the ezistmce of this agteement and aot co sell. ezchanae. assiau, loan.
deli~er. lease, mort age or othetvise dispose of same wit6out t6e written consent of the Secured Paa~r.
To keep tbe coi~teral at ~he locatioo specified in d~e schedule aod not to remo~e same (e:cept tn the usual courae of
busiaess foc cempocary periods) ~rit6ouc c6e pnor wriccen rnnsrnc of the Sccured~Paccy.
To keep che collateral kee aad ckar of all lims. c6ar~es. encumbranc~a, cazes snd assessmenta.
To pay, w+6en due. all tazes. assessments and licease fees relann co t6e collateral.
To keep the collateral, ac Debtor's own cost and e:penae, in ~tepair sod conditipn and a~railabk fot inspection by
che Secured Party at alI reasonable times.
To keep the collateml fully insuced against loss by 6ce, c6sft and ot6et casualties. Debtor ahall ai~e immedia~e
wriccen aotice to t6e Secured Party and to iosurocs of loss or damaae to toe collatetal and shall prompcl~ ftle peoofa of loas
wit6 insutors.
THE PARTIFS FURTHER AGREE
~ ~ai~er of or acquiescence ia apq dcfault by che Debtor,or failure of che Secared Parcy to insisc upon striet performaoce
by thc Debtor of any vrarcaocies or aareemencs in this secnrity aareemenc. s~all not coasutute a wairer of any subsequmt
or other defautt or tailure.
Nocices to eitber party stiall be ia writioa aad s6atl be deli~ercd g~rsonaliy or by mail add~essed co the pattq at the
addtess herEia set fo~th or aherwise desiaaaced in wcitiaa.
1be Unifotm Commeccial Code shall ao~~~e the rights, duc'ses znd remedies of che paccies and sny pro~isions herein de-
~ clared invalid under any law s6all oot in~alidate any othet pro~ision or this aareement.
I The folbwing ahall rnnscicute a default by Debmr:
~ Failute co pay the principa1 or any iostallmenc of ~riocipal ot of interest on c6e iadebcedneas oc any noces w6eo dne.
Failure by Debcor co comply aitb or perEorm any pro~isioa of this a6ceemtut. False or aoisleadina represmuti~ons or wat-
raocies made or gi~en by Debcor ia oonneccion wric6 c6is aareement. Subieaion of t6e collsceral w le~7r of ezecuaon or
other iudicial proceas. Commencemmc of aay insolveocy proceedina by or asainsc c6e Debrnr. Dea[h of tbe Debooc. An~ re-
duction in ~6e ~aiue of t6e coUatetal ot aoy act of che Debtot wluc6 impecils the ptospect of fall perfotmaoce or suisfacuon
of the Debo~t's obligations hereio.
Upoo any default of the Debtot aod at ~6e opcion of ~he Secured Party; the obliaations secuttd by this aareemmt s6a11
immediacely bernme due aod psyable in fnll wicbouc oacice or demaod and che Sec~red Paccy sball ha~e all che ciahcs, cem-
edies and privilebes wit6 respect co repossesaion, recencion and sale of che collsceral and diiposicion of ~he proceeds as
are accorded bp tbe app4cable stctions of the Uniform Commeccial Code tespectina "Default"
Upoo any default and upon demaad, Debcor shall assemble tht collacenl aod make it a~ailable to the Seci~red Patty at
the place and ac the time des~anated in the demaod.
Upon any defaatc~ t6e Secured Party's ceswnablt utomeps' fees and che leaal sod u~Let e:penses b[ pnrsaina,
seacchiaa for~ receivina~ cakin~. keepina.:~oorin . ad~e~tisina, and sellina tLe collacenl sb~ll be chuaeable ou t6e Debtor.
'Ibe Debcor s6s11 remain liable fot ap7 de~ciency resulcina f~+uA a sale of che collueral and shall pq ~a~ ~ucL dr
ficimcy forcbwith on demand.
lf c6e Debcor sh~ll defaulc in ehe perfarmance of w~r of t~e provision~oE t6i"s aareeomt on c6e Debco~'spa~t W beper-
foaaed. Secured Pany may perfocro same for che Debtor s acwunt aod anr moaies e~mded in so doias s6aU beehatse~ble
wicL inceresc co the Debtor and added co che iodebcedness aetuted heceby. •
T6e Secured Parcr is 6erebq anchocized w 61e a~in~aciaa Scacemmc.
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