HomeMy WebLinkAbout1925 ~ M
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ZLe case. wrraaties a•d rsaseaa basin coataia•d .hall bind asd iaurs to the bsaefic. of the respecd~e patties
ber•a, Gad their reap•cdne le~apee•a+catiee•, succsa•oa and as•isa•.
'!1a wader acrd anober owed ie chi. asreeRest •re used s• • reference tae only and .hall apply with the .erne effsct
wbeeha cit. paeds• are of ehs sa•eoliae of festalae,seadtr, corporate or ocbec fot•. and the siasalar shall likewise Include
the ~lr!rd.
• ascseseat sq Got be chaaded oeallp.
~jj ~jt~uss ~~tCftl~e the Pacdss b.~erespecdfsl~ sip,ea .nd sealed these pteseaa cbe day .ad reu fiat .
above written.
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SCHEDULE
Describe iteas of coUatetal, the address where each item wiU be braced and describe aa~ prior liens, etc., and the
ssso~mts due tbe:eo•. If ices. are crops or Goods affc:ed or to be affi:ed co real estate describe the real estate Gad scare
the nose and sddtess of the owner of recoil thereof.
/trays Locstfoa, etc.
All of the debtors' dairy herd and Sections 19, 20, 29, 30
other livestock including progeny and 31 in Township 36 South
future acquisitions together with their Range 39 East in St.
milk base and all other contractual Lucie County, Florida.
marketing arrangements for milk pro- .
duced by them, _ i ncl udi ng contract rights ~';fl --4 ;
t' 08
with Independent Dairy farmers Associa-
tion now held or hereafter acquired. f,j~~rAna~tco~o
S_ LLth'.!E Cfl;711fY.fLA.
ROGER YOlTRAS
ttEWI CIRCUIT Cit .T
4'7'~"9~72
DE°TORS ADDITIORAt. C4VE."l~;T
In event of default and foreclosure and if the milk base and/or marketing
rights with Independent Dairy Farnlers Association are thereby assigned to
secured party or any other person, debtors agree not to compete with such
assignee for five years from the date-of assignment unless and until.
debtors shall first acquire other milk base through Independent Dairy
Farmers Association.
So long as any part of the indebtedness secured hereunder remains unpaid,
~ Debtor shall maintain the size of the dairy herd which is subject to this
~ Security Agreement at a market value at least 15% above such unpaid
balance of indebtedness.
If at any time Debtor request a release of the lien of this Security
Agreement as to certain animals, so long as such 15% margin will continue
immediately after the disposition of those certain animals the Secured
Party will promptly provide such release of lien.
The chief place of business of the Debtor, if ocher than stated is this aareemeat, is:
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