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Home My WebLink About0154 4b1'744 SECURITY AGREEMENT September 4, 1979 X2201 '1' Date t~lhi.te...Ridge...~d~~r...CAmpany Hox...1.088..................Ft....Pi.erce.............S.t....Luc.ie...._...._..~lar.ida..... lName) INO. and StreeU (Clly or Town) lCountyl IStatei r 1 hereinafter called Purchaser), for valuable consideration, receipt of which is hereby acknowledged, does hereby purchase from s~n~4(Toa hereby rant to Ebco Manufacturing Company 265 North Hamilton road Columbus Franklin _ Ohio (Name) tNo.and8lreet) (Cltror?ownl tCOUnty) fatatel 1 hereinafter called the Seller). a security interest in the following described property and any and all accessions thereto (hereinafter called the Collateral) for the total price and upon and subject to the terms stated below: DESCRIPTION OF COLLATERAL: IO--OASIS Water Coolers 7929110-398 399 412 413 414 415 416 417 418 403 IITE1iS 11AKING UP TOTAL OBLIGATION 1,238.23 1. Cash Price of Collateral.........._ ............5 2. Sales Tax if applicable... _ _ _ _ _ _ .....5--- 3. Documentary Service Charge _ ..........---•5 ~ ~ - n~-- 4. Total Cash Price (sum of 1. 2, and 3) _...-..-5___1,256 23 5. Less Down Payment = 123.82 Cash 5 _ _ _ _ _ - Trade.In 5 - . ___......i_._123....82- - 6. Unpaid Balance of Cash Price (4 less 5)----_ _ _ -..i-1;132..4.1. - T. Cost of Insurance _......__.._..5-------- - 8. Principal Balance (stun of 6 and T)............_.._.... ...5 - - 9. Finance and Service Charge _ _ .-..E__~49 _ 0~ _ 10. Time Balance-Amount of Note (sum of 8 and 9)......_ 1 a381 .44 _ Time balance payable in .-.....-......24............ consecutive monthly installments of 5...-57-,_56 each and one for the remaining balance, to be paid on the 2~th............. day of each month commencing on ........-Of:tOber 19 79.- untii said total indebtedness shall have been paid. THE CONDITIONS OF THIS SECURITY AGREEMENT ARE SUCH that Purchaser has executed and delivered to Seller his ttsf certain promissory note of even date herewith, hereinafter referred to as the "I~•ote", in the principal amount equal to the Time Balance shown above and payable as set forth above, and any Purchaser of said A'ote shall take the same free fmm any defense thereto and/or claims, demands and setoffs of Purchaser against Seller, NOW, THEREFORE: If the obligation hereby secured, or any part thereof, is not paid at the maturity hereof, whether such maturity be caused by lapse of time or by acceleration, such entire obligation or the part thereof which has matured, as the case may be, shall thereafter draw straight interest at the rate of 8~'~ per annum until paid; or at the option of the Seller, the Seller may collect and receive, and the Purchaser agrees to pay, a late charge calculated at the rate of 5t for each dollar of any monthly installment, shown above which is not paid on or before ten days after the due date thereof, but in no event shall the amount of such late charge for any one defaulted installment exceed 53.00, which late charge, if imposed and collected by the Seller, shall be in lieu of such 8y6 straight interest on the applicable installment. Purchaser warrants and covenants that: , 1. The Collateral will be kept at ._.---Box 1088•- - ----------Ft-~---R-}erEe----...............~t:...Euc.~e.- - . f-l~or-i~#a IStreeU lClty) lCounty) lt)tatU F':irchaser vltill notify Seller of any change in location of the Collateral and will not remove the Collateral from the above state without the written consent of Seller. The Seller may examine and inspect the Collateral at any time, wherever located. 2. The Collateral is or is to be used primarily in business use. I 3. Purchaser's principal place of business is located at----------------------------------------------------------~--~ F1-OY'1-dd----•----- 18tate) Purchaser maintains additional places of business as follows: (If none, so indicate)... ................NOne ~ 4. If Purchaser maintains no place of business, Purchaser's residence is as above. 5. The Collateral, which is not normally used in more NOTICE TO PURCHASER AND than one state, is personal property and will always remain ACKNOWLEDGMENT OF RECEIPT OF COPT HEREOF' such, regardless of the manner in which the same may be in- ' stalled and attached- to pipes or plumbing. If Seller deems it (1~ ~ ~ ihlS helot ~ ~ ~ Or-~ ~ ~Vj~ any plank r.~~cessary, Purchaser will obtain an agreement to similar effect - . from the owner or lessee of each parcel of real estate where tLe Collateral may, from time to time, be located. (2~ r0U are entitled t0 a 00111 tilltd MI ~ Of thK Aireemer~, and T7FIS AGREEMENT IS SUBJECT TO THE ADDITIONAL tempt of such a coq is-her~ ecknowledRed . , ~ . P1:OVISIONS SET FORTH ON THE REVERSE SIDE HERE- (3~ (lndH th! laver you hire the fight t0 Wl 011 M adlranc~tlle full anlourlt Of', THE SAME BEING INCORPORATED HEREIN BY due grid under certain tofldlti0~i t! Obtain i partial f!EI411d d the atrOre REFERENCE. • - ~Inance and sefYlte ChSfje. ~ ~ - Ebco ~ldnufacturi ng CO. ~ ~ gtsttat„rf• (lush full ttante to tae. ~_ps4 rrtt?q 2n5 North .Harm 1 ton Rd._ - - - • r-- ~T White Ridge Water C ~Qx -.-1D88, ft. Pierce, Columbus, Ohio Starr i , E/rya a Pres. Fl r' _ _ BCD _ Thls instrument was re aced b ...............~G~-~-~ - - P P Y . _ - Purehwaes r,.,~.,o C E .----~1'~fl er _ i . . ~ ~ ~ , i54