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HomeMy WebLinkAbout1257.:r« U.S. Small Business Administration t ~4 ti7 ti ~ ~~tit i~~~ ~` '~'~s7iwt ~r:~:i~~~i•r~~ .~~:~~a:F:~~r:~~r 1, Qual-Krom South, Inc. _ _ , __ ;ii~reinu~ter ~•all~~i "I~~•bc~~~"), (\a~~~) 301 Florida Avenue, Ft. Pierce, Florida . ~„r ~~.~t~~ r~•.~•~~~~d~ (Au~~~rv~) E,~r~f,,. ~~:,~~, f„ Sun Bank of St. Lucie County . ~~~~~ 111 Orange Avenue, Ft. Pierce, Florida r~,.•r~•~~~:~t<<•r ~-.~-fed ( ~ddre.~) ••~~•currd 1'art~~'). .~ .~~e~irit~ interest in ihr prupert~ ~lescril~e•d hei~,w (herein.i~ter cu11~•ctice~~ rnlled ••Cullatera! ") tu ~e.ure t6e pa}ment ~~f the ~~rinci~•al and interest oy .:nd ~II obii~;atinns und.~r .: nutc ~ ~h.•n•inalter callr~l ~4~c "\otc"). d.~t~-~1 ~~/~d ~~~~ `~ f~ .~% . ui thc Ui•bt~~rp +-ab1~• t„ th~~ ~~rdcr nich~~~~~~ur~•dl'artv. in thc principal ar+~ount uf Fl~ty t ousand and ri0/1,Q0--~)~11ars (~ 50 ~ D00. ~~ ), .:tl renercals and extensiuns of the \ute. :+nd all costs, ~-?en~es, a~vancrs .~n~! liabilities Hhich tn.i~ br made or incurred b~• Secured I'art~• in the ~Iis~urse~nent, adniinistr.ition .ind ~+~Ilection of the In:in rvidenceJ L} the \ote and in thc protr.ctiun. maintenance and liquidation r~f tl,e s.rcurit~ intcn•tit hereL)' ~runte:~ xith intrr~•st at the maaimur.i le~;al cate un sueh costs. ezpenses~ udv•ances and liabilitics. The \ote :ind ail oth~r ~~bligations securedhereb~- are herein collectivel~ called tlie "l.iabilitics." '_'. 'fl~e C~~ll~teral in ~+hirh this +e•curit~ int~•rest is pranted is :J1 ~~f ch~ Debtor's prupenr drscrit,ed be."-+ in reference tn ~,l,ich sn `~~~ vr checkmarl. ha• Leen placed in the 6~~~ applirable theretn, toRether with al1 pruce.r~l~ .,:id produrts t}~er~•fn»n. If ~~tiu.u~~hLo~~•tiare ~+, mat~:ed. th~ 4eca:-itv interest ~n drsi~,~nated secun•s thP E.urcl,:+~r in„ne~ irorn t~rF• lu.~n u~~•d bc tl,e 13rbc,~r t~~ :~cquire titl~r t~~ thc• (:ollat~~rat. ~ .~. ~IE r~~ui}~tcrnt an~: ::~.~c}~inrr., includi::~ ~,,,ti~.~r-~iri~t•n msch~r,cn a~,~i r,~uip::~~•::t, 1_~_j (urtiitu-.• .-nd fi~tnr~•s r.~•ti~ ~~„tir~1 ut }:rr~•.~ftrr ac~~u:rc~{, t~ ~~tifcr ~~i:h .~i1 ct•F~i.i;~•:.:~•:~t~ th~~r.•,~{, all att.~clSiTlCt1:~~ .«•c~•~~.~zir., t.~r:~ ec:.l t„~~~~ br:~~n~u.c~ i~.rr~~:~~ ur i"r ;.~~ i:: c~.nnr•:-ti•in t?:••:cti..ti~. ~ t , ( ~ 1 't,. ~\I: ~,.~-.~rc:~a•r .~n~.l c~,snm~-rci~: a.~,tor ~~•;.iclr~. rrKititerc~l f~,r u.c tiE,un ~,ublic l:i~t~:..:vs ~ , . i ~ n: ~~Tra•I~~ i1~~Y. v~~pC~' ~~P ftYfP.l~Ltf SCt~L':f~'~~ t+~kP2~lff ~~1~~ :1~~ ~CF1~:lCCR:PU:+ lt:!`.'t'~~f~ L__~ ~_ -~ .~il .::+.~~ fut+~•rt., .~cc•c~s„t~~•~, p.~ct~, ~•~~u:f.:n~•at and tn•)!s i,rfor.s;~r}' tl~rrcl.~ o: ~~~r u5r :s~ ~~•~nu~•rU~~:~ tn<•rc~+it~~ ~ c. 1:1 i+~i•-c,:ur~, ra:,• iu.~te•ri.i~s~ ~:,.ric ~n pr~.r~~+~ ~n~i ~uppii~s no~ ~,ti,n~•d c,,- hcr.•.~f~r; :-cyuirc~l. i{ ~ X ' ~ ~ ~. 1i! a~ c~,::nt. r.•ceiv:ib3e• non ~~u[st.ia~~inR or hrrea~ter arisinR. ~ X 1 n ~ ~,. \'tI i~~nu.~~ i r:~;lits anc! ;;rnerai iatsn~ib'trw n~~w in force nt hereafter ar~;uitrd. [ X 1 :;, I)~t~t~~r s1i.-11 n~~t tran~fr:, ~~~E{ ~i: .~s~iKn Df•btnr ~ intere~t in the Collaleral nor peniait .+n~' other securitc iaterrsi t~~ 6c created then~~m withuut tit-cured I'.irt~'s ~~ti'.t v~ritten apprm~ai, ezc~pt [hat Debtor ma~/ sell the in~•~nturz listrd iu I',irnKraph ''.c, here•~f ir tF~e ord~r..uc cuucse of bu~ine~s or, cu~tomar}~ tertns and at u~u:i) price~; anu may colieet a~ Srcur~~d I'.~rtr'~ a~~nt surtis ~i~~~~ ~}n :~ccounts r~~_ci~aLic and ,~ontraN riRhts {ist~d in {'ar.~c~aj~h~ 2.d. an!! ?.e. u~ti1 .u~~i~r~~ ~~Ili~rxis~ ~~~ `erur•~~ ~':~rt:. ~• FOPM t~59 ~646i REF ;OP 7~SG USE '2•77 cDITIJN :,M'~~~ EXHAUSFE"J ~ ~ ~~ 35D ~ ~~F ~2~i~ ~ - ~,~ ~ 3 _ _~ .. ~ -- -- - ~ -- _ _ - ~ __ ~ _ ~~