HomeMy WebLinkAbout0949 4Ei~89O SECURITY AGREEMENT Mnyemher....5.,...1.97.9
................2259.
Date
white Rid a Water Com an ............SOX...1.4~$ .....................Fit^....P.1.~.r.G.~.........--•---.St.~...Lucie................Fl-orida...............
_ ...._............g -.p...Y..............
(Name) lNo. and stmt) (City or Town) (county) (state) 3450
i hereinafter called Purchaser), for valuable consideration, receipt of which is hereby acknowledged, dcea hereby purchase from an does
hereby grant to
Ebco--Manufacturi~lg--Company.-•--------------------------2-65---f?~ort~---t4ara~ators•--Road....-....-.. ~~ur~bt~s_ - ...-..Frank•1i~n _Ohi~o
!Name) liio. and street) Ct y or wn) t ountY) (state)
Thereinafter called the Seller), a security interest in the following described property and any and al! accessions thereto Ihereinatter
called the Collateral) for the total price and upon and subject to the terms stated below: Or"
nESCRIPTION OF COLLATERAL: 10--OASIS Water Coolers L 7
7907031-331 332 333 334 386 387 388 389 390
7927105-431
iiTL'.IS .;TAI`:I:~O Il!' TOT!?-L OBL•1(:ATIOh
1. Cash Price of Collateral 1 ,457.48
Y. Sales Tax it applicable _
3. Documentary Service Charge .........i 18.00
Total Cash Price (sum of 1, 2, and 3) 1,475.48
5. Less Down Payment = 145.75 Cash i _
Trade-In i-------------------------....._..-- 145.75 _
- -
6. Unpaid Balance of Cash Price less . ..........-.i 1,329.73
T. Cost of Insurance
8. Principal Balance (sum of 6 and T) - ...........---.....i
-
.
9. Finance and Service Charge .......i 292.43 _
10. Time Balance-Amount of Note (sum of 8 and 9)
Time balance payable in ...........24 consecutive monthly installments of =...(}7•.-~~......---............................................... each and one for
the remaining balance, to be paid on the 20~t~........... day of each month commencing on ......-...-.....pBGt~r...._................, 19..7.
until said total indebtedness shall have been paid.
THE CONDITIONS OF THIS SECURITY AGREEMENT ARE SUCH that Purchaser has executed and delivered to Seller his
r~tsi certain promissory note of even date herewith, hereinafter referred to as the "Note", in the principal amount equal to the Time
Balance shown above and payable as set forth above, and any Purchaser of said Note shall take the same free from any defense
thereto and/or claims, demands and setoffs of Purchaser against Seller, NOW, THEREFORE:
It 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!"o 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 5~ 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 =3.00, which late charge, if imposed and collected by the Seller, shall be in lieu of such 896 straight interest on the`
applicable installment.
Purchaser warrants and covenants that:
1. The Collateral will be kept ac .--..--....-Box...la88 ......................................Ft....P.ierire:.....-.........St~...LUGlP.-•-----.......---.Flat-I,da....-_.-.
- (Stmt) (City) (County) (ataG) '
Purchaser will notify Setter of any change in location of the Collateral and will not remove the Collateral from the above state without
she 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. Florida '
3. Purchaser's principal place of business is located at--------------------------•--•---..................--••-•--••-----...----••-•--•--•---••----...---•---••
(State)
Purchaser maintains additional places of business as follows: (If none, ao 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 ACKNOWLEO&i1ENi OF RECEIPT OF COPY 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) 00 IIOt Sigh tlli5 Agreellklit be(Ofe you read it Or if It tOtititIK illy Mint
r:ecessiary, Purchaser will obtain an agreement to similar effect
from the owner or lessee of each parcel of real estate where
the Collateral may, from time to time, be located. You ife eAtltled t0 i OOmpldely f+Ih~ ill ~ 0I this Agreement, itld
THIS AGREEMENT IS SUBJECT TO THE ADDITIONAL receipt ~ Sut!! i ~ is itknOwkdged. -
PRCVISIONS SET FORTH ON THE REVERSE SIDE HERE- ~3~ UlidlJ tI!! IiM~ you hire the right t0 ~ off 111 idlrince the full im0unt
OF, THE SAME BEING INCORPORATED HEREIN BY due illd ulldlf Clftilil COIIdit101K t0 OtIti1R i pirtiil refund 0t tbt ibOre
F.EFERENCE.
Ebro Mahufacturin Co. ~~^^''77 ~ fi"i"0E ind sane r~irge.
9 / Slynature (slsn rut, name In talc no
265 .r`,orth..Hamiliron Rd.-......'.../... G,... .t..... White Ridge Water Company, fox ~d Ft. Pierce,
Columbus, Ohio s<~~°rT.R. ce Pres. .Flo a--: ~
This instrument was re aced by ~
1'uxT~aser
r~^c-to C.E. Fidler
- -
is c', r 1