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' ~e,tir Fora -- UCC GENERAL 200 -- A~Wa61e Froer Ferrb Prl~tle~ Co., Odudo, Flwfd~ ~2e01 -- ~i2-ST~S
S.i - GENEML
SECURITY AGREEMENT
Contraet Numb~r (GENERAL)
DAVID M. LICATA* SALVATORE RIGGIO~ and GIOVANI LASALANDRA ~,pa ~ ma.
[ Namsts) oi Horrowsr(~)J
than ons. ~ach d them joiaUy and w~orallp). AerNndtsr caUsd "Eorrow~i'. ~ 11 Courtland Drive Sl1SS@X
[No. md StreN] [Cih]
New Jersey _~~a1u• recetr~d, hsr~bT grant~ to
[CouatY ] [Stab]
THEODORE THEODOROPOULOS and A1~lY C. THEODOROPOULOS, his wife
hereinatter called "Secui~d Party:' whos~ address ~. 1908 ~yoming_Avenue . Fort Pierce . FL 33450
a secwitr int~rqt in ths loUowinq prop~rtr: _~ee attached exhibit
!oqether ~rilh ail acceswries, parfs, equipmeat and atteuions now altached Io or used in ccnnectan Iherewrith or which may hereatter a1 any time b~
placed ia or added to 1he abore-described p~operty, and also aay and all replacemenb ot aay such prope»y (all ol which is hereinafter called "Col-
lateral'~, to secun 1ha paymsat of 1ha1 certain indebtodaess ~~idenced bp a promissory note or notes e:ecuted bT Bo~rorrer in the amount d
Fifty-Three Thousand and no/100-------------------- 53 000 00
noi~~. ~s ~ - -
o} even date herewilh, snd any and all ezlensions or reaewals lheieol, snd aay and all other liabilities ot obliqations ol ths Bonower b ths Secured
Party, d"uect or ind'uect, abwlute or continqsnt. now ezi~tinq or haraah~r arisiaq, now due or hereaker to become due (aU hereinafter called th~
.Obliqalions."l.
Check it true: [~{7hs sumps required by Chapter 201. F.S. hare been placed on the Fromissory instruc-ents secured hereby, aad will be
placed oa aar additional aad similu InsUument that may be w s~cured. Check if coverd: Q Procseds ol Collate~al u~ also oovered. Q Producu
of Collateral us also m~ared.
Borrowsr hereby warrants and aqrees that:
1. 7hs Collatetal is acquired or ussd primarily lor. ^ personal, (amily w household purposes: ~ busineu use; or ^ farminq operaNons: and,
it checked here ~, is beinq acquired with t6e prcceadi of the lwn protiided tor in or sec~u~d by t6is agreemeal, and ths Sacured Puty may dis-
burss such proceeds or any part thereol d'uecUr to the aeller oI Ihs Collaroral
2. 7he Collateral w~ill be kepl a~ 2955 N_ Federal Hig~~, Ft _ Pi~grce _ St . Iucie . FI, or it lefl blank, al
[No. u-d Street] [City) [County] [State]
tha address shown al Ihs heginning ot this agreemsnt; Borrower will promptly notily Secured Party ot any change in !he Ixatioa oI lha Collat~ral
within said ~hte: and Borrower wiil aot remo~e the CollaNrsl hom said stal~ without ~hs wriiten oonsent ot Secured Puty_
3. II ths Collaleral is acquired or used primarily Ior perwnal. famUy oc housshold pwpases, or tw (umiuq ope~ations use, Borro~re~'i resi-
cence in Fbrida is that shown al tha bsqinninq ol 1hL aqresmeat and Borrowsr will immed"utsly notily Secured Partp ot any chaaqa in lhe location
ol said reaidsnce.
4. I! ths Collaleral is to be attached to real estate, a desc~iption ol Ih~ r~al ~state, bcated ir ~_ ~~1C1,P Counqr,
Florida, is ~s ~o~b..:: Bein~ that part--of the North ~ of Lot 16, lying between old
U.S. ~:ighway ~~1 and old U.S. Nighway ~~1, RUSSELL'S ESTATE. as recorded in Plat
-tsooc~, ~ge ~Sb, Pub~ic icecoras of-St. ~ucie t,7i~Tr tY, ~~.
ar.d ~he name oi the known owrner ;.: David ti. Licata, S~] vatore Rig,gio _ apd Gi~vani Lasalandra
and it the Coliateral 'u altached lo real estata prior to ths pe~lection ot the security iateresl granted hereby, Borrower will, on demaod ot Secured
Party, tiunish the tatter with a disclaimer or disclaime», signed by all person~ ha~inq an intecest in ths real estale, of any interest in the Collateral
that is prior to Secured Party i inlerest.
5. U ths Collateral b acqulrsd or used primuU~. br businsu use and is of a typs aormallr used in mors than one slate, whetLer or ad w
used. and Borrower hu a plac~ ol Busineu in more lhan on~ stat~, ths chiel placa of bmu-e~s o~ Bortower iu-
~ -- [No. and She~t]
[CitY] [CountY] [State] or.
it !elt blanfc, 1s that shown al the beqinning ol this agreement, atfd Borrower wil! immediatelr nolity Secured Party in writinq ol any chanqa in Bor-
rower's chiet place of bwines~: and U certificataa o! titls u~ issu~d or oubtandinq wit6 resp~cf ro anl o/ the Collateral, Borro~rer wiU causs th~
;ntarest o! Seeured P~rty to be propsrip noted t6~r~oo.
~ 6. E:cept tor lha secutity intecest granted herebp, Borrowrer is 1he orvner of ths Collateral ltee lrom any adrerse llen, securitp interest, or
~ encumbrancs; and Borro~ver wrill defsnd tho Coliat~ral against all claims and demands ot all perwos at any tims claiminq ths same w anp inlerest
lhersin.
~ 7. No Pinancinq Statement covetinq any Coilaleral or any proceeds thereof is on lils in any pubiic oNice; Botrower authorizes Scaued Party ;
to lils, in jurisdicticns wrhere this authorisation wiil be qiven eflect, a F(nancinq Statement signed unlr by the Secured Puty describinq ihe Collateral 1
in ~hs sams manner as It b deicribd herein: and }rom time b time at ths request ol Secured Paity, e:ecute oae or more Financinq Statemenb
and such dhsr documenb (an3 pay 1}s cosl ol tilinq ot tecordinq th~ sams in al! public oHices deemad necessarp or desirable by the Secured party) , I
and do suc6 cther acts aad Ihinqs, all as the Secvred Party may request to establish and maintain a valid security inleresl in the CoUatoral Itref d
aIl other lieni and ciaim~ whalsoever) to secure ths payment of the Obiigations, iocludinq, without limitation. deposit with Put o a
; ticat~ of ti11~ [ssuable with rs~p~ct Io anp ol 1h~ CoUat~ral and aWation th~r~oo ol th~ s~curitJr iotenst h~r~und~r. nH~~ ^~r~~~~~
~ 6~~~K ~. .
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