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481565 ~
atCURITY A6Rt[M HNT ICHATTtL MORTtiAOt1 RAMCO RORM K ,
UNIrORw t:OhlbttRC1A1. COOL lINO. OR COR?.1 ae ~y~~y 66m~y~b~y~l '
~L'ri~iiKV ~~.`rLaiW~ {
(CHATTEL MO~R71GAGE)
~htS ~$1're811tPIYfr made the 28thday of March 19 80
under the laws of the state of Florida
~pt(UPPtt herein called the Deboor
Allan and Ita~thleen Piper
whose business address is (if none, write "none") _ NOI`e
and whose residence address is 1326 Brown St., Thunder By, Ontario, C-~nada
and Frank Beaman herein called the Secured Party
whose address is A-59 Mockingbird t1ve. , Ft. Pierce, Florida
s
itarsseth:
To secure the payment of an indebtedness in the amount o[ = 1 ~ 900 with interest, payable as follows;
Payable as follows: Deposit of X2,000.00, hereby acknowledged,
X2,000.00 Sept 1, 1980, end ~~~900.00 on or before March 31,
1981: No interest is due if 'prepaid by `1ov. 1, 1980. Otherwise,
interest at 8~-frort date of inception on $7,940.00 balance.
= ~ ~ ~ -
~ F~ GARY. 4?~-_.h`~_:. ~
,
_
as rvidenced by a note or tortes of even dace herewith, and also to secure any ocher indebtedness or liabitity of the Debtor i
co the Secured Parry direct or indirect, absolute or contingent, due or to become due, now ezistieg or hereafter arising,
including all future advances or loans which may be made ac the option of the Secured Party, (all hereinafter called the
'P'abligattoes") Debtor hereby grants and conveys :c tt-~ ~•~cured Party a security interest in, and ttwrtgages to the Secured ~
~a)the property described in the schedule herein (hereinafter called the. collateral), which collateral thr Debror-
represevts will be used primarily
® for prrsonal, family or household purposes ~ in farming operations ~ in business or other use
(b) all property, goods and chatcelk of the same classes as those scheduled, acquirrd by the Debtor subsequrnt to the
ezecucion of this agreement and prior to its termination }
(c) all ~mceeds thereof, if any, - {
(d) all Increases, substicucions, replacements, additions and accessions thereto.
DEBIUR WARRANTS,. COVENANTS AND AGREES AS ALLOWS:
- To pay and perfoma? all of the obligations secured by this agreement accordion to their terms.
To defend the title to the coflatetal against all persons and against all claims and demands, wrhatsoevet,which
collateral, ezccpt for the security interest granted hereby, is lawfully owned by the Debtor and is cow flee and cleat of
any and all liens, security interests, claims, charges, encumbrances, lazes and assessments ezccpt as may be art forth
is the schedule.
On demand of the secured party to do the following: furnish further assurance of title, execute any written agreement or
do any other acts necessary to e[feccuate the purposes and provisions of this agreement, a:ecute any instrument or state-
ment required by law or otherwise in order to perfect, continue or terminate the security inteteac of the Secured Party in the
collateral and pay all costs of filing in connection therewith.
To retain possession of the collateral during the eziscence of this agreement and nor to sell, ezchaege, assign, lone,
deliver, lease, moregage or otherwise dispose of same without the written consent of the Secured Patty.
To keep the collateral ac the location specified in the schedule and not to remove same (eYcrpt In the usual course of
business for temporary periods) without the prior written consent of the Secured Parry.
To keep the collateral free and clear of all liens, charges, encumbrances, lazes and assessments.
~ To pa y, when due, all lazes, assessments and license fees relating to the collateral.
To Icee the collateral, ac Debtor s own cost and ezpense, in good repair and condition and available for inspection by
the Secured Party at all reasonable times.
To keep the collateral fully insured against loss by fire, theft and ocher casualties, Debtor shall give immediate
written ratite to the Secured Party and to ivsurors of loss or damage to the collateral and shall promptly file proofs of loss
j with iosurors.
~ 'lHE PARTIES FURTHER AGREE
R'aiver of or acquiescence in any default by the Debtoc,or failure of the Secured Parry co insist upon strict performance
by the Debtor of soy warranties or agreements in this security agreement, shall not constitute a waiver of any subsequent
or other default or failure.
Notices to either party shall be in writing and shall be delivered personally or by mail addressed to the party at the
address hertfin sect forth or otherwise designated io writing.
The Uniform Commercial Code shall govern the tights, duties and remedies of the parties and aey provisions herein de-
l Glared invalid under nay law shall voc invalidate any other provision or this agreement.
The following shall rnastituce a de[ault by Debtor:
Failure co pa the principal or ariy installment of principal of of interest on the indebtedness or soy notes when due.
Failure by Debtor to compl with or perform any ptovtston of this agreement. Falsr or misleading representacioes of w:t-
ranties made or given by ~ebtor in convection with this agreement. Subjection of the collateral to levy of ezecucion of
other judicial process. Commencemrnt of any insolvency proceeding by or against the Debtor. Death of the Debtor. Any te- ,
ductioe in the value of the collateral or aey act of cheDebcor which rmperils the prosprct of full pedormaece of satisfaction
of the Debtor's obli~atioes herein.
Uppooo any default of the Debtor and at the option of the Secured Party, the obligations secured by this agceemmt shall
irumrdiaeely become due and payable ie full without notice or demand and the Secured Party shall have all the rights, tern-
edies and privilegaes with respect to repossession, retention and sale of the collateral aed disposition of the proceeds as
are accorded by the applicable sections of the Uniform Commercial Code respecting "Default"
Upon any default and upon demand, Debtor shall assemble the collateral and make it available to the Secured Patty at
the place std at the time designated in the demand.
Uppoon any default, the Sectued Party's reasonable attorneys' fees and the legal aed ocher ezpenses (ot pursuing,
searching for, receivieg, taking, krepivg, scoring, advertising, and sellieg the collateral shall be chargeable to the Debtor.
The Debeor shall remain liable for any deficiency resulting from a sale of the collateral and shall pay any such de-
ficieocy forthwith on demand.
If the Debtor shall default in the performance of any of the provisions of this agreement oe the Debtor's part to bepet-
formed, Secured Party may perform name for the Debtor's account and any monies ezprnded in so doing shall be chargeable
with interest to the Debtor aed added to the indebtedness secured hereby.
The Secured Party is hereby authorized to file a Financing Statemrat.
t
. 809K