HomeMy WebLinkAbout1501 SECURITY AGREEMENT
4'70148 • oe~cember.-b~,••-.~pg7.9 ..........:...1Y2305~....
t~;hi te...Ridge.-Wat,er..Co~npan;~ ...8ox.-1088....................Ft....Pi.erce..............S.t..-.Lucie.......... _Flor.ida...........
INamt) 1No and StretU (CItY of Token) (County) 18tate) QQ
(hereinafter called Purchaser), for valuable consideration, receipt of which is hereby acknowledged, does hereby purchase from an~doe~s
hereby grant to
Ebco _Manufacturi_ng.-•Company. - -_-..-..-•-.__..265--North--.Hami•1-ton .Road---_._. Columbus.. _ ._Frankl.in _ Ohio
1NamN /No.andBtmU (Cllr orTotret) lCwtntY) ~ ~ IBtate) -
(hereinafter called the Seller), a security interest in the following deacHbed property and any and all accessions thereto (hereinafter
called the Collateral) for the total price and uponand subject to the terms stated below:
DESCRIPTION OF COLLATERAL:30--OA~1S Water Coolers
794014-7180 7184 7192 7661 7663.7808 8074 8075 8076 8143 8144 8232 8280 8424 7479 7653 8146
794014-8148 8150 8151
793814-0031 0100 0101 0103 0102 0106 0122 0141
793613-4255 4257 ITE11iS MAKIN(} UP TOTAL OBLIGATION
1. Cash Price of Collateral ----..~~~Z~--_
2. Sales Tax if applicable .
_ _ -....i
3. Documentary Service Charge _................i~___23..00--
Total Cash Price (sum of 1. 2. and 3) _._...........=_,~a~_
5. Less Down Payment i 46Q 37 Cash = _ - _ _ _
Trade-In i...-•-••--••---°•• . _ _ ...----i_ ~6Q.-3Z _
6. Unpaid Balance of Cash Price (4 less 5)........ . ............i~,.16fi.3Z- -
T. Cost of Insurance _
-
8. Principal Balance (stun of 6 and T) ...........i
- -
9. Finance and Service Charge _ _ . _ _ _ . _ _ .....=__9qq _ g7
10. Time Balance--Amount of Note (sum of 8 and 9)....__..._...._._... 5~~66.24 _
Time balance payable in 24 consecutive monthly installments of =......2~.5 2~ each and one for
the remaining balance, to be paid on the .................20~.......... day of each month commencing on .........January.........-.........-........., 19.8II..
until said total indebtedness shall have been paid.
THE COA•DITIOh•S OF THIS SECURITY AGREEMENT ARE SUCH that Purchaser has executed and delivered to Seller his
i its) certain promissory note of even date herewith, hereinafter referred to as the "Note", in the principal amount equal to the Tirrtt~~e
Balance shown above and payable as set forth above, and any Purchaser of said Note shall take the same free from any defen3e
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 Iaps>'
of time or by acceleration, such entire obligation or the part thereof which has matured, as the case may be, shall thereafter tlravy
straight interest at the rate of 8rr per annum until paid; or at the option o[ the Seller, the Seller may collect and receive, and the
Purchaser agrees to pay, a late charge calculated at the rate of S! 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; tthf?ll Iw in t;Pt~ „f p„ctt RaG .tsig!a i^.t•r~•t cn she
applicable installment. '
Purchaser warrants and covenants that: BOX 1088 Ft. Pierce St. Lucie Florida
1. The Collateral will be kept at
(Street/ (CItY) (County/ (state)
Purchaser wrill 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. '
3. Purchaser's principal place of business is located at:.............. ................................................1=_1 orS-dd--.----..---.•--.-.--.
(State )
Purchaser maintains additional places of business as follows: (If none, eo indicate)... N011E..------.•..............................
4. ]f Purchaser maintains no place of business, Purchaser's residence is as above.
5. The Collateral, which is not normally used in more ftOTICE ~ PURCHASER Af1O
than one state, is personal property and will always remain
l such, regardless of the manner in which the same may be in- ACKNOWLEDGMENT OF RECEIPT OF COPT HEREOF:
E stalled and attached to pipes or plumbing. If Seller deems it ~1~ ~ ~ ~
necessary, Purchaser will obtain an agreement to similar effect ~ befOfe y0Y fqd it Or 'rf it tontiitis illy blink
from the owner or lessee of each parcel of real estate where SW~•
the Collateral may, from time to time, be located. YOU if! aititled t0 i Completely filled 111 COPY Of Ulis AArealleM, Ind
THIS AGREEMENT IS SUBJECT TO THE ADDITIONAL recdpt of Such i coq is hereby atkn0~wkd`ed.
PROVISIONS SET FORTH ON THE REVERSE SIDE HERE- (3) Under the Iin, you hire the right to ply off in idrinu the full imouM
OF, THE SAME BEING INCORPORATED HEREIN BY
REFERENCE. dut Ind Under Catiln toilditiolls t0 Obtiin i plrtiil refund Of the ibore
Ebco t4anufacturin Co. fuance Ind sauce clarte.
f 9 Setter/t ~ f - _ . - • get~nat~rt tet~ t~np t 1n ~
Box 1088,0 Ft . Pierce,
~55 CJorth Hamilton Rd. ,R:Ben a, R. Vice Pres. White Rid eWater-Coma ,
Columbus, Ohio F}or 7 . -
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This instrument was re aced b j
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