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(3) any end-all accounts receivable of the undersigned, now or hereafter com-
ing into existence;
(4) corporate stock or other securities of the undersigned identified as
follows:
(S) other tangible or intangible personal property of the undersigned identified
as follows:
-Land Lot #11 and Land Lot #12, Block 1719, Section 31, Port St. Lucie,
Florida; recorded in Plat Book 14, Page 22, Port St.-Lucie Public Records.
The undersigned hereby warrants that sole and lawful ownership of the
collateral is in the undersigned, and that the undersigned has full power and
authority to transfer, convey and encumber the same. The undersigned shall not
dispose of the collateral or any interest therein except as authorized in this
agreement or in writing by the Company. Further, the undersigned shall keep the
collateral free from liens, encumbrances, and security interests other than that
of the Company. The undersigned agrees to execute, from time to time as re-
quested by the Company, any Financing Statement or other document, or procure
any document necessary to protect the security interest of the Company in the
collateral against the interests of third parties.
The security interest granted to the Company in accounts receivable
shall include all of the undersigned's present accounts receivable and all of
the undersigned's accounts receivables which may from time to time hereafter
come into existence during the term of this agreement, together with the proceeds
thereof. Whenever and as frequently as requested by the Company, the undersigned
shall give the Company specific assignments of any or all accounts receivable
after they come into existence, such specific assignments to be in form satis-
factory to the Company and to be accompanied by such information and by such
documents, or copies thereof, as the Company may from time to time require.
i_innn dE.fatllt of any of the undersigned's obligations hereunder, the Companj?
shall have the right to notify the account debtors obligated on any or all ac=
f counts receivable assigned or in which the Company has a security interest here--
under, to make payment thereon directly to the Company, and to take control of
~ the cash, and non-cash proceeds of any such accounts,-with full power to settle
or compromise disputed claims on such accounts. Until such time as the Company
exercises such right, the undersigned shall be authorized to collect and enforce
such accounts receivable. The undersigned may retain collections on accounts
receivable, provided the undersigned submits to the Company at such intervals
as the Company may require, a statement, in form satisfactory to the Company,
setting forth the amount of all new accounts receivable of the undersigned
arising subsequent to the previous statement and the collections made on ac-
counts receivable subsequent to the previous statement, together with such other
information as the Company may require. The undersigned will at all times keep
accurate and complete records and accounts concerning all accounts receivable,
and will submit to the Company, in the form prescribed by the Company, at such
times as the Company may require, reconciliations of accounts receivable which
set forth the total amount of all of its accounts receivable outstanding as of
the date of the report. The Company, or any of its agents, shall have the
right to inspect, audit, check and make extracts from the books, records,
journals, orders, receipts, correspondence and other data of the undersigned
relating to accounts assigned hereunder.
/ The undersigned hereby appoints the Company and each of its execu-
tive officers, acting jointly or severally, as the undersigned's attorney in _
fact to arrange for the transfer of any corporate stock or other corporate ~
security serving as collateral hereunder on the books of the said corporation
or corporations, to the name of the Company. The Company hereunder shall hold
the share certificates or other securities serving as collateral and shall not
encumber or dispose of such share certificates or other securities except in
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