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a[CYRITY A[R[tiM[NT tGNATT[L tAORTOAO[! RAMCO PORM ~
YNIRORY t:O1NA[RCIAt. COO[ tIND. OR GORP.1
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(CHATTEL MOR7~AGE)
Vi~ ~~tt made thel5th day of September 1977
under the lawn of the state of Florida _
~!'~!'8i1 Atlantic Aluminum Distributors, Inc. , a Florida corp.
herein called the Debmt
whose business address is (if none, write "sane") 3106 Industrial Ave. 3
P.O.Box 1556,Ft.Pierce,Fla. 33450
and whose residence address is
and Ta113mar1.Inv@stments Ltd. herein called the Secured Party
whose address is e% Manuel Zaiae, Attorney
- 150 SE 2nd Ave. Suite 610 -
Miami, Fla. 33131
~~~~fh:
To secure dle payment of an indebtedness is dte amount of s 57, 013.00 with iateteat, -
payable as follows:
$57,013.00 on September 15, 1980 plus interest, if any -
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~z ti DOS UMENTARY .--°~,;;~ST:;Mi'_,_!,i ~
.a 'JEPI. Ui REYENU: .:~;`'s• y
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as evidenced by a note or notes of even dace herewith, and also to secure any other indebtedness or liability
of the Debtor to the Secured Party direct or indirect, absolute or contingent, due or to become due, now ezistiag
of hereafter arising, including all future advances or loans which may be made at the option of the Secured
Party, (all hereinafter called the "ohligatioas") Debtor hereby grants and conveys to the Secured Party a
security interest in, sad mongages to -the Secured Party,
(a) the pmpetty described is the schedule herein (hereinafter called the collateral), which colLteral the
Debwr represents will be ustd primarily
? fns personal, family or household purposes in farming operations is business or other use
(b) all property, goods and chattels of the same classes as those scheduled, acquired by cbe Ikbtor sub-
sequent to the esecutioa of this aareemeac sod prior m its terminscion -
(c) all proceeds thereof, if any, -
(d) all increases, substitutions, replacements, additions and aceessioas thereto.
DEBTt7R WAI~t1RA1V7s, COVENANTS AND AGREES AS FiULLOWS:
To pay sad perform all of the obligsdoas secured by this agreement accordiaa co their teens.
To defend the title to the collateral against all persons and against all claims sad demands whatsoever, which
collatenl, a:ceps for the security interest granted hereby, is lawfully owned br the Debtor sad is now hee sad clear of
nay sad all liens, security interests, claims, .dtuges, encumbrances, razes sad assessments ezcept as ~iy be sec forth
in the schedule.
on demand of the secured p to do the following: furnish (archer assurance of title, a:ecute nay wtittrn agreement
or do soy orheracts accessary to effectuate the purposes sad prosisioaa of tltis agreement, ezecuce nay mswmmc of state-
meac regwred by law or otherwise in order to perfect, coadnue or tetminace the secudtq interest of the Secured Party is
the collatenl sad pay all ousts of filing is ooanection therewith.
To retain posaessioa of the collateral during the ezistence of this agreement and not co sellt ezchange, assign, ban,
deliser, lease molt6age or otherwise dispose of same withoue the written coaatot of the Secured Yatt~r.
To keep tl;e collatenl at the bcadon specified• is the schedule sad not to temo~e same (e:ceps to the usual eowae of
business for temporary periods) without the prior warren consent of the Secured Patty.
To keep dye collateral free and clew of all liens, charges, eacumbraacea, razes sad assessments.
To pay, when due, all razes, assessments and license fees relating co the collatenl.
To keep the collateral; se Debtor's own cost and a:pease, is good repair sad condition and not to misuse, abuse,
waste of allow m deteriorate except for normal wear sad tear and to make same asailable for inspection by the Secured
Pattyy at all reaaoaable dines.
To keep the collateral insured against loss by fire (including a:tended coverage) theh and other hazards as the
Secured Party maY require sad o0 obtana collision inauraace if applicable. Policies shall 6e in suc6 fog and amounts and
with suc6 compaotes as the Secured Patty may designate. Polictts shall be obuiaed fmm responsible insnron.anthotized
to do bnsiness to clue state. Certificates of insurance or policies, payable oo the [especdve parties as theft iatenst nay
appear, shall be deposited with the Secured Party who is tuthodzed, but trader no dncy, to obtain snc6 insurance npoa
failure of the Debtor to do so. Debtor shall ive iauoediate written notice co the Secured Patty and to insnrors of loss or
damage to the collatenl and shall promptly h~e prooh of his with iosutots. Debtor hereby aappppooints dye Secured Patty the
acoomey for the Debtor in obtaining, adjusting sad cancelling any such insurance sad endortung settlement drafts and
6trebr assiggnas co the Secured Patty all sums which may become payable ender snc6 iosutaace, induding return ptcmittms
and dt~ideads, as additional seeunty for the indebtedness.
~~,~x 314 PEE 1502