HomeMy WebLinkAbout0961 _ . : _ _ . __.-'~i~,~
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~ U.S. Sn~l18us1ness Administr~don '
SECU.RITY ACREaY1pYT ~
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1, T~es F(Y~lpydfh_/a_Llr+r~~"__ T~Y~rle1 ~ml f ~hereinaiter ealled "DebWr")~
cN..a Divinq .
5 1 North 4th St Ft. P~p~!~ Fla. 33450 , for value ceceived,
' (Ad~»s~l
hereby graats to S~m Benk o~_~ r_i ea ~n~ -
r . ~N..a
p A Ar~ec R Ff- piorrx+_ Fla_ ~~~154 ~bet+eiaafter called
~Addr..~l . .
"Secured Party"). a security interest in the property deacribed below (hereinalter collectively called
"Collateral to eecure the paya?eot of the principal and intereet oa and all obligations under e note -
~hereinafter called the "Note"~, dated 7arn~a.
=r S~ 19R3 , of the Debtor payable to t6e
order of t6e Secured Party, iq the principal araoant of Th~i Fi~a? TI~Laaw~ a~ *+n/3__._Af1-~Dollars
~i _~p _ pp all renewals and extensioas of the Note, and all coata, ezpansea, advaacea
and liebilitiea whic6 may be made or inctured by Secnred Patty ia the disbureemeat, adminiatratioo and
collection of the loan evidenced by the Note aad in the protection, meintenaace and liqnidation of t6e aecnrity
intereat hereby granted with iaterest at tbe maximum legal rate on snc6 costa, expensea. advences and
liabilities. The Note and al1 other obligations Securod hereby are herein collectively called t~e "Liebilitiea."
2. The Collateral ia which thia security intereat ie grented ie all of the Debtor's prope~ty deasribed below in reference
to which an "X" or checlunark has been placed ia the box applicable thereto, toget6er with all proceeds end products
thecefrom. lf tvroauchboxesare so marked, ihe secnrity interest eo designated secures the pnrchase money from the loan
used by the Debtor to acguire title to the Collsteral.
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~ a a. All eqnipment and macfiinery, iaclading poweadrivea mechinery end eqnipment,
furniture and fiztares aow owned on c~reafter acquired, together witfi a11 replacemeata
i thereof, all attachmente, accessories. perts ead tools belongiag thcreto or for nse in
connertion t6erewith. -
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~ a D b. All passenger and commercial motor vehicles regiatered for use apon public highways
oc streets, nowr owned or hereafter acquited, together with all repiacements thereof,
l all auachments, accessories, pacta, equipment a4d tools belonging thereto or for use in
connection therewith.
~ D c. All invenlory, raw materials, work in pmceas and eupplies now owned or hereafter acquired.
~ D d. Atl accouats receivable now outstandiag or hereafter arieing.
~ D e. Alt contract rights and general intangibles now in fo~ce or heeeafter acquired. -
~ 3. Debtor sfia11 not tranefer, aell or essign Debtor's iaterest io t6e Collateral nor perruit aey other securitr iotereat
to be creeted t6ereon withont Secured Party'a prior writtea approval, except that Debtor may eell the inventory lieted
ia Peragraph 2c. hereof in tl~e ordinary concse of buaiaesa on euswmary tecros and at usual prices end mar collect
ae Secu~+ed Party's agent suma due on accounts receivab4e aad coetrnct rig6ts listed in Paragrapbe 2.d. end 2.e. until
adviaed otherwise by Secnied Puty:- ~
BOOK tJtJ~. PA6f .
SBA FORY IOH (6~7!) REF SOP 70f0 USE 12~~ EDITION UNTIL EXNAUSTED -