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Home My WebLink About0720 / ~~O9613 ~ . ~ SL•'CURITY AGRGEM~:N'1` Allen R. 06'I~1 jointly and sevFrally, and FORT P~E A~MO?IZVE CO•. INC- a Florida corporation, herein~~ftc:r called "eorrower", of 4~7~e g,~~ Flr~rt Pi p, m~_F].~i c9a _ ~'~4 ~+n - f o r va 1 ue received and intending to be leyally bound, h~~reby grants to ALTER SALES CO., a Florida corporation, of 1125 N. W. 71st Stre~~t, Miami, N ' ^ c7 . ~ Florida, hereinafter called "Secured Party" a secured interest in L~~ i~-~ the following property: All of the persolal property, includinq Accounts Receivable, ec~uipmc~nt, furniture, fur~~ishings, fixtures, office equipment, inventor}~ of stock and mc~rchandise and all othc~r personal property which may be acquired by the "Borrowers" in thc~ future, contained on said premises, or which may be purchased and be on said premises, 1 o c• a te d a t~lZ~qle R~~i~. Fq~t ~,ierce, Florida 33450 ~ including but not limit~~d to such furniture, furnishings, fixturc~s, equipment, inventory of~stoch and merchandise described on thc~ att~ch.~c3 Rider, which is made a part hereof and incorporated by reference hereto, and being attached ~t tl~e conclusion of said Security Agrc~ement: toyether with all increases, ~arts, fittings, accessories, equipment and special tools now or hereafter affixed to any or any part thereof or used in connectioi~ with any thereof, and all replacements of all or ~~ny part thereaf (all of which is he:einafter called "Collateral"), to :,ecure the p~~yment of a promissory note or notes executed by ~ IIo r rowe r,. i n th c amoun t o f~T~rv-FivF: Z~nlp Hqi~IDRm N.II~I'Y ar~d 261100-- ~ N\TT~DC 35,290.26 . of even date ~ r~ ~ herewith, and any and all'extensions or renc~wals thereof, and ar~y and all other liabilities or oblig~tions, (primary, secondary, direct, continycnt, sole, joint or several) due or to become due on which may be hereafter contracted or acquired, of each Borrower, (including each Borrower and any other person) to Secured Party, (all the fore- ; going being hereinafte~r called the "liabilities"), and also to secur~r the performance by Rcrrower of the agreements hereinafter set forth. ~ Borrower herc~by warrants and agrees that: ~ ; 1. ,(a) Borrowers are the owners of the Collateral clear ~ cf all licns ~r;d security interests except the security interest z grant:ed hereby; (b) Borrowers have the right to make this agreement; ~ and (c) the Collateral is used or acquired for use primarily for ~ t~usiness pur~oses; and (d) the Collateral is beinq acquired with the j proceeds of the loan provided for in or secured by this agreement ~ ar.d said proceeds will be used for no other purpose and Borrowers ~ nereby authorize Secured Party to disburse such proceeds or any part ~ •_r•.~.~e~f direc~ly tn the s~ller of the Collater,~l or to the insurance ~ agent or broker, or both, as shown on Secured Party's recards. ~ 2. (a) 'The Collateral will be kept at 417 Anc~lP ~ad, Fort ` • a 3-~45~ ; eorrowers will promptly notify Secured Party of any change in the location of the Collateral within ~ said state; and Borrowers will not remove the C.ollateral from said Stat~ ; X -1- ~ a~ ~ , ' -~~=j=`_ -..~r . -i " . • ~ ~ ' , r ^ ~ r• ~ , . ~ , ~.E~ ,L _ . ' ~ _ ` Uk r' ~ , Jr , . :vt~~~:~t - :~r, FAI;E ~ _ : _ . . _ _ 3 ~ ~ ~ I 6~0~( - _ - y~ ..i ic . _ J~ y, ' ~ ' ' _ _ " . ~ ~ ~ L ~.wc~..~ ~ ~ ~ ' --ar ~ _ - ~ - ~ 0. a~4 x ~t-.,.. ~ " `r'-~ - 2 .s . . Y-~`"r.: ~-xs~~,,, ~~-`~r~-"< -,~'q. ~ ~r~"d~e~; ~ ~t - .i-+,-- ~ . . . .r. ~=~+.~-_.Y,..c _