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LTftAL 200, `NO: 16196 REORDER FROM -FORE LINE SYSTEMS, flOX 1(N6.1, TAMPA, FtJL
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SECURITY AGREEMENT •3~"
(GENERAL) . _
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Aiken Corporation of St. Lucie County, a Florida corporation
(end M mop
[Name(s) of Debtor(s)] - .
Chan art, tech a tMm Jointly and atvtrally), MnlnaRa tilled °oebta••, of Rt 1, Box 418 , Indrio , Fla . 3 34 S 0
St . Lucie Florida [Na. and Street] [C1ty)
.for valve received, htnby pants to
County] jstate]
Indrio True Value, nc . , a Florida corporation Mnlnaft« piled ••s.cured Parts'.. stcurtty Interest
inth.ralowinsprop.rcy:All inv_n _farv' en li mn ent, furnishings, fixtures, goodwill, and
a~:.ounts~receivable and name of Indrio True Value Home Center. Said equipment
being T-f"or i ca`s~ ode ~ ~ }~r~aY
fi-~tu~•~,-gondolas,-Wall-shelving.Y-one.`h~~han~ truck, ~hnnTng carts, paint
machine, paint shaker and DeWalt table saw
tot;etMr with all accessortes~ rtmtt~tsnd s fat one paw attschtd to w ustd In on t r or w may Ntrtalttr tt any tlmt a pltctd
In or sdded to tM above-dtst~btd proptrty, and also any an0 all replacements of any such property (all of which Is Mrtlnafla plNd "CollateraY7, to setup
the payment of ihst ceRaln Indebtedness.vla.nt.d sy a promissory note a ports acecuted by oebew In tM amount of TWO Hundred Thirteen
Thousand, Six Hundred Fifty-eight --------------=-58/100--- otRa~a 213, 658.5
~ of even daft herewith, and any and sIl extensions or rentwals thereof, and any and all other NsWlitiq a' oWlptlons of tM Debtor to tM Secund Psrty, dirtet
i or indirect, absolute or continSerN, now txlstinS a Mnafter arisinE, now dw a Mnaftsr to becomt dw (all MrelnaRer plMd tM "ODliptfons.^).
Debtor Mreby wamrrtt and apets that:
1. TM Collatera! Is acqulrtd or used primarily for. personal, family, a housefold purposes; business use; a ~ farmins opsratlons; and, If
checktd Mre Is brims scquind with the proceeds of the loan provided for in or secured by this aSyttrpprM, ipd thA aurtd~arty may dlsbunt such
proceeds or any part tMrwf directly to the sNNr of the Collateral. ll • J [11 gI1 y
~ 2. Th. calattr:l will t» ktpt at Indrio 'rue Value Home Center,! Indri o , Fla . , or K IeR tatank err
[No. and Street] [City] [County) [Start]
the eddnss shown at tM btSlnnlnS d this apeement; Debtor will promptly notify Secured Party of my champ In tM locstbn of tht CWlttertl wltAln told
state and Debtor will not remove tM Collatersl from said slate without tht written consent of Secured Party.
3. If the Collateral Is stqulred or used primarily for personal. family, a household purposes, or for farmins operstions use, Debtors rtsWtnct In
Florida is that shown at the beElnnlnp of this aSretment and Oebtor will Immsdistely notify Secured PsRy d any than=t In tM location of Bald nsldenp.
4. If tM Collateral Is to b• attacMd to rtal tstste, a description of tM pal »tate, locattd In Coumy,
Florida, b ss follows: n/a
and tM name of tM known owner Is: -
end if the Collateral is attached [o real estab prior to the ptritction of the security Inferrer panted Mreby, Debtor will, on demand of Stwrtd Party, fumish
a the latter with a disclaimtr or disclaimers, slsnW by all persons haulms an interest 1n the real tstate, of any interest In tM Cdlsteral thst Is prior to Secured
Party's ~nttrest.
5. If the Collateral Is acquired or used primarily for business use and is of a type normally used In mop than one state, wMtMr a not so used, and
Debtor h» • piece o/ Business In mort then opt start. tM chid plan o1 business of Dttrtor b: --SalAe--aS-abOace
[No. and Street]
. a; (
[City] [County) [state) ~
if NR blank, Is that shown et tM btslnnlnS d this aSreement, and Debtor will immtdiatey portly Secured Pally In wrltln6 of MY Chang In Debtors chid
plan of twslness; aid 11 certificatts of title an Issutd a outstsndins with respect to any of the Collateral, Debtor will cause tM IMenst d Secured Party to
De properly noted thtreon. )
6. Except for tM security Interest panted hereby, Debtor Is tM owner of tM Colaterat fete (ran any adwrst Uen, stwAty Interest, a encumbrtnes:
and Debtor will dtftnd tht Collateral asainst all claims and dtmands d all persons at any tint claiming tM same or any Interest tMreon.
7. Ho Flnandnt Statemtrrt corerinE any Collateral a any proceeds thereof b on flN In any public offlp; Dtbtw tulhorlses Secured Party to flit, M
~urisdictbns when this suthori:stlon wdl N given effect, a Finsncirrs ststement siSned only try tM Secured Party dtscribir?S tM Collateral In tM same mannp ~
as k Is Mscribtd Aereln; and from time to tlmt at the request d Secured Party, saeeutt one a more FinarrcirK Statements and such other documents (and
pay tM cost of filin6 w recordins tM same in all public offie» domed ntcessary of deslraDN by tM Secured PsAy) tnd do such otAM acts and thing, tM
as tM Secured Party may request to establish and maintain a valid security interest In the Collateral (frN of all otMr Ilene end Halms whatsarveO to setup
the payment o/ tl~t Obliptans, includrnfs, without limitation, deposit with Secured Psrty of any ctrtiFicate of litN IssuaNlt with respect to any of iM CoMsteral
and notation lMreon of tM security interest Mrwndtr.
R. Debtor will not sell, transfer, Itast, a otherwise dispose of any of tM Collateral o? .ray Intertst interim, a otter so to do, without the prior wrftten
consent O} $ec~nd Party.
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