HomeMy WebLinkAbout0706 4,;~~s SECURITY AGREEMENT 't
December...l7.,,..1978_.......~Y2004......r
;ahite Ridge :~ater Company ~ Box 1088 Ft. Pierce St. Lucie~~~ Florida
~x.a?.~ ~xo. .~a s~?.~e? ccu7 or ro.~?~ ~cow+~r~ ~s~.~.~ 33450......
(Aeninaitee called Purcheaer). for valuable conaider~tlon, receipt ot whlch is hereby acknowledged. does hereby purchaae trom aad doea !
hereby grantto
Ebc.V...!'1a~?.U.f.~!~~S~.l°J.ng...G.ampa~x ...........................2~~..t~ar..th._Hamil.tan...Raad.............C.al.woobus..............F.r.~~a.kl.i.n...............Oh~o... i
tNam~1 (No. and sl~t) (Cltr or'M~n) ~Couatrl lsute) •
(hereinaiter called the 3eller). a security fnterest in the toUowing deacrlbed .pmperty and any and sll acceasions thereto (hereinatter {
called the Collateral) for the total price and upoa and aubject to the terms stated below:
DE3CRIPTION OF COLLATERAL: S--OASIS Water Oispensers S/N None 21--OASIS tlater Coolers
7822-073218 073219 073461 073462 073463 073464 073465 073467 073468 073240 073244
7a41-135473 135815 ~
7842-138525 138529 138532 138533 ,
7831-1 Q~~4~ 109486 109507 ~l,r~g MAKINd UP TOTAL OBLIGATION 3 249 .07
7808-OL 1 s
1. Cash Price of CoAateral _
2. 3alea Tax it applicable-•---•••--••• •-~-•-~•---.............................i .
3. Doctunentary Service Charge --.••-•-..............i • i
Total Caeh Prlce (aum oi 1. 4. and 3)....•••••-•• ..................................................................i ~r 6~-07
5. I.eaa Down Payment i 324 _ 91 Cash i _ ~ -
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,
Trade-In i ...................-•-•---...............----......._.._......-----.............__i-~ .
6. Unpaid Balance oi Caah Pr[ce c4 ~ea, s~ 2.944.16 _
~ 7. Cost of L~surance :
8. Principal Balance (aum of 8 and 7) -
9. Finaace and Service Charge --.......................-~---........i 559.3~_
10. ltime Balance--Amount oi Note c~n or s ana 9~ ............................................._...........i 3.503.52 :
Time balance_ paYable in 24 consecuuve monwly inatallments oi i......145 .~98 each and one ior
Januar..._....... 79
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the remaining balance. to be paid on the dsy oi each raonth commencing on Y 19........
until said total indebtedneaa shall have been paid. ~ ~
THE CONDITIOIvS OF THIS SECURITY AGREEMENT_ ARE SUCH that Putchaaer haa executed and delivered to Seller hla ~
f ~ts) certain promissory note of even date herewith, hereinafter referred to as the "Note"; in the principal amount equal to the Time
Balance aliown above and payable as aet fortt~ above. and any Purchaaer of aaid Note shall take the same iree from any defense
thereto and/or claima, demand~ and setoSa of Purchaaer against 3eller. NOW, THEREFOIiE:
If the oblIgsUon hereby aecured, or any part thereof, is not pald at the maturity hereof, whether such maturity be cauaed by lap~e
of time or by acceleration. wch entire obligation or the part thereoi whlch has matured. as the case msy be, ahall thereatter dnw
straight interest at the rate of 896 per annum untii pafd: or at the option of the Seller. the 3eller may coUect and receive, and the _
Purchaser agrees to psy, a late charge calculated st the rate of 5~ for eaeh dollar of any monUily installment, shown above which~ ia s
not paid on or before ten daya after the due date thereof, but in no event shall the amount of euch late charge for any one defaulted
installment exceed i3.00, which lste charge, if imposed and coUected by the Seller. ahall be in Iieu of auch 896 atraight intereat on the i
applicable installment }
Purchaser warrants and oovenants that: ' ' ~
i. ~e OoUateral w[ll be kept at BOX 1088 Ft. P~erce St. Lucie Florida
4
` (SUeet) (Ctlr) lCouAly) l6taq) j
Purchaser will notify Seller of any change in location of the Collateral and wlll not remove the Collateral from the above atate witho~t '
che written oonsent of Seller. The Seller may examine and inspect the Collateral at any Wne, wherever located.
2. The Collateral ia or is to be used primarily in buainess _ use. ~ .
3. Purchaser's principal place of business ie located at------------------......._._..__._..........---------------..F]Ar.i_de.........---------.............._..---------------------...... ;
(Stste) ~
Purcheaer matntaina additional places of business aa lollows: (If none, so ~a~~ce~._...___....._...__. : None ~ ~
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4. If Purchaaer maintains no place of bugine~, Purchaxr's reaidence is as above.
k 5. The Collateral, which is not normally used in more jQ .
than one ~tste, ia personal property and will always remain AGKIrOwLED6YENT OF RECEtPT OF COPY HEREOF:
s such, regardless of the manner in which the same may be in-
stalled and attached to pipea or plumbing. If Seller deems it 1~~~ ~ ~ K j~ d~pa ~ipk -
f ,
~ necessary. Purchaser will obtain an agreement to similar eHect ~ ~
from the owner or lessee of each parcel of real estate where -ti
the Collateral may, from time to time, be located. Yq~ q~~ fi~ ~~~~~Eqp~, ill~
THIS A(iREEMENT I3 SUBJECT TO THE ADDITIONAL
PROVISION3 SET FORTH ON THE REVERSE 3IDE HERE- (~j Ui~f tIl! Ii~, ~Otl MM f~ ~~~1 ~pa ~IIE ~11~~ illlpygt
OF~ THE SAME BEING INCORPORATED HEREIN BY dYE ,tld 1111~lf Cll~iNl C00~101~ U,,y~ ~ ff~Wl~ Of ~1! ~bO~IC
REFERENCE. ~ +
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fYli11C! i9~ SlnlCe :
Ebco Manufacturing Co. ~
4lhite Ridg~°~R`~tlcM~-, ~xD988~, ft. Pierce,
265..~lorth.Hamilton Rd... . Flori
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C o 1 umbus , Oh i o L. P. Ben P s _
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This inatrument wes grepared by N ~
n~~-~o C.E. ~dler
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