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STOCK FBA 200-=-Re~. 1-Reorder from: Ferris Printing Co., t~rlaado. Fbrida 32601-421-5285 ~ _
SA-GFNFitAL • • ~ ~ ~ _
~tra~ Nt,. SECURITY AGREEINENT
(4ENERAW `
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K,~I~IIi NP?T and FT. P~R(E BRA, INC. , a Florida vo~rporatirn,
(sad if mote
(Namepl d Bonower(sl ~
than oae, each d them joiaUy sad severally). hereiattter called "Borrower, d 2500 N. FedP.lal 81QhWdV. Fort Pierce. }
~ No. sad Street ~ [Cite]
St. T~]+Cle Florida 33450 b: value received. hereby grant to
JIIJS@T I~~ES, IP1C. , a F].or
da aaxpo~ratiai~ P.O. Bocc 977,- Jensen Beach . F~~
hereinahei galled "Secured Party'. a security interest in the iolbwing propertp•~ particularly t3P_scribed ].Tl
~hibit "A" and I~libit "B" attached hereto and made a part hertaof •
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together with all aceeseories, part, equipment and accessions now attached to or used is oonnectiaa therewith or whkh map hereaNer at nay time be
placed in or added b the abovsdescribed property, and ahw any and all repLcemsats d any such property (all d whkh is heninaftar tailed ''Cob
lateral', b secure the payment d that certain tadebtedneas evidenced by a promisso~rp note ter notes ezecuted by Borrower in the amount d
($153, 010.90) ~ 153, 010. ~Qof even date herewith, and. any and all eztensiom or zenewals tbs»d,
and nap and all other liabilities or obligation d the Borrower to the Secured Party, direct or indirect, absolute or contingent, now ezcistinq tx here-
after arising,. now due or hereafter to baoome dw (all hereiaaiter called tht "Obitgatbns.'7.
Borrower hereby warrant and agrees that:
1. The Collateral is acquired or irasti Primarily for: ? personal. family or household purposes:~ business use: or ? farming operations: and,
IS checked here is being acquired with the proceeds d the ban provided !or iA or secured by this agreemen4 and the Secured Parip map dis-
burse such proceeds or any part therad directly b the seller d the Collateral
s. the coca:eras wiu be kept at 2500 N. F~eder8l 81ghWaY, Ft. Pierce. St. Lucie, Florida ~ it leR bleak, at
[No. and Street] [City] [County] [State] ~
the address shown at the beginning d this agreement: Borrower will promptly notify Secured Party d any change is the lceauon d the Collateral
within said state: and Borrower will not remove We Collateral from said state without the written consent d Secured Party.
3. H the Collateral is .acquired or used primarily for personal family or household purposes, or fa farming opsratioas use. Borrower's reef.
deuce in Fbrida is that shown at the beginning d this agreement and Borrower rota immediately notify Sacvred Party d any change is We bcatioa
of said residence.
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4. u the Collateral is b be attached b real estate, a description of the real estate, boated County,
Florida, is as blows: N~A
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and the name d the known owner fs:
and if the Collateral is attached to real estate prior to the perfection o! the security interest granted hereby, Borrower will, on demand d Secured 1
Party, iunnish the latter with a disclaimer or disclaimers, signed by ail persons having an interest in the real estate, d any interest in We Collateral ~
that is prior to Secured Party's interest.
5. ll the Collateral is acquired or used primarily for business use and is of a type normally used in more than one state, whether or not fro
used, and Borrower has a place d Business in more than one state, the chic! place d business d Borrower is•
NSA ~ [No. sad street]
[City] [County] [Stage] , or,
if left bleak, is that shown at the beginning d this•agreemeat, and Borrower will immediately notify Secured party in writing of any change in Bor-
rower
s chief place d business; and il certificates of title are issued or outstaadinq with respell b any of the Collateral, Bortower will rouse the
interest d Secured PsY.y b be properly noted thereon.
8. £:cept !or the secusitp interest granted hereby, Borrower is the owner d the Collateral free from nap adrerse Lien, security interest. or
encvnbrance; and Borrower will defend the Collateral against all claiau and demands d all persons at any time ctaimioq the same or any interest
therein.
7. No F'rnancinq Statement covering nay Collateral or any proceeds Wered is on file in as
b file. la jurisdictioss where this authorhatioo will be given effect, a Financing Statement signed oo
attic of8x: Borrower authorises Secured Party -
b the same moaner as U is described herein; and hom time b time at the r est d Secured P y ~ Ute Party detaibinq the Collateral
and "such other documents (and pay the cost d filing or recording the same b a~public offices deemed n eiosssary or destrabN bySseuredbParty)
sad do such other sces sad things. all as the Secured Party map request b estab}fsh end maintain a valiff seeurttp interest is the Collateral (free d
all otter liens and claims whatsoever) b secure the payment of the Obligations, LtcMdinq.;without IfariNfjoir, deposit wit}, arty d t
floats d title isatrable with respect to nay d the Collateral and notation thereon d the security intaueet~hedtmdeoc. BD~~~~ P~~if~L~1~
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