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SECURITY AGREEWIENT ~ ~
(~~y .J~n~e..:1b:, .............1975......;~137f~....
~~~.~Al ( Date
~ ~Xhite Ridc~e.. Water...C4mp~.r~y .............~Q~...1QB.~................F.t....Pie~~c.~................5~....Luci.e.............F~.or.fda..........
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(Name) INo. tinA St~eet) (Clly or Towm) (County) (8tate) aq ~
(hereinafter called Purct;aser), for valunble cons[derRtlon, recefgt ot which Is hereby ackno~vledged, does hereby purchase trom anci`tlUeb~~ ~
hereb~ ant to ~
Ebco ~ifanufacturinc~_ CompanX_,___..._265..North.._Hamilton._.Road,.__...._Cal~ambu_$....._....~~ank.~~.~........Qb.~o ;
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(Name) iNO. and Btrcet) (Clty or Tov~m) tCOUnty~ Istate)
(hereinafter called the Seller), a security interest in the following descrtbed property and any and all accesslons ther?to (hereinafter
called the Collatcral) for the total price and a n and subject to the terms stated below• ,
DEfi4RIPTION OF COLLATERAL: 1~~•O~SIS Water Disp ensers--S/N NGVE
~ 10--OASZS Water Coolers
S?N E846057 546054 845888 846056 846090 846092 ~45989 846055 834711 834625 :
ITF.JIS :1iAKl\Ci UP TOT.~II. OBLIGATIO\ ~
1. Cash Pricc of Collateral .......a 1 r 309.36
2. Sales Tax if appltcable.•-• ~
3. Documentary Service Charge • •
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4. Total Cash Pr:cc (sum of 1, 2, and 3)•• .:..~-~C~~•~~
5. Less Down Payment R 130•94 Cash S ;
Trade-In a ....................•-••••-••••-....,.......••••-•.....................:......•,••-j- ~Q.~--
6. Unpaid Bal !nce of Cash Prlce (4 less 5) ..........................................•......._.......:.._..._...---...$~y ~~~a~~. _ `
7. Cost of Tnsurance ' .
8. Principal Balance (sum of 6 and 7)......-:• ..---...s- r
• 9. Finance and Service Charge :.:....._..........................------.....5 2~3. i
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:0. Timc Balance-Amount of rlote (sum of 8 and 9) ............................................._...........;~4Q2~Q~.-_ .
Time balance payable in _._.::.:.:..24 consecutive monthly installments of ;._._.~?8.a!4~......_.......................~...._..... each and one for .
~5th
the remaining b~ance, to be paid on the day of each month commencing on .._....~~lY........_...._........................, 19.ZFJ.. ;
3
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until said total indebtedness shall ha~•e heen raid.
THE CU~`DITIONS OF THIS SECURITY AGREEhiENT ARE SUCH that Purchaser has executed and delivered ta Seller hia
(its) certain promissory note of even date hesewith, hereinafter referted to as the "Note". in the principal amount equal to the Time
Balance sho~vn above and payable as set forth above; and any Purchaser of said Note shall take the same free from any defense #
thereto and/or claims, demands and setoffs of Purcha?ser against Seller, NO~V, THEREFORE: - ~
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If the obligadon hereby secured, or any part thereof, is not paid at the maturity hereof, whether such maturity be caused by lapse
of time or by acceleration, such entire obligation or the part thereof whtch has matured, as the case may be, shall thereafter draw :
straight interest at the rute of 8qo per annum until paid; or at the option of the Seller, the Seller may collect and receive, and -the '
Purch~ser agrees to pay, a late charge calculated at the rate of 5~ for each dollar of any monthly installment, shown above which is
not paid on or before ten days after the due date thereof, but in no event shall th~ amount of such late charge for any one defaulted
installment exceed $3.00, which late charge, if imposed and collected by the Seller, shall be in lieu of such 89'o straight interest on the
' applicable u~stallment. - .
Purchaser warrants and covenants that: $OX 1088 Ft. Fierce St Lu. ie_____________~lp~i,.c~~_.._..__ ~
2. The Collatersl will be kept at `r..-•••- :
~ - (stree:) (Clty) (Cour.ty) (State)
Purchaser ~~~ll natify Seller of any changc in location vf the Collateral and will not remove the Collaferal from the sbove atate w~ithout
the written consent of Seller. The Seller may examine and inspect the Collateral at any time. wherever located. -
- 2. The Collateral is or is to be used primarily in business use. - ~
3. Purchaser's principal place of business is 'ocated at Flarida......_.----------.-------------.........._._:.......- `
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'Purchaser maintains additional places of buainess as follows: (If none, so _ indicate)----------------------NO.RB._.._....._........-----.---------..__.....-_------.....----.--'
~ 4. If I'urchaser maintains no place of business, Purchaser's residence is as above. -
' 5_ The Collateral, which is not normalty used in more _ ' NOTICE TO PURCHASER AMD . :
than one state, is personal property and ~vill always remain ACKNOWLEDGAIENT OF RECEIPT OF CQPY HEREOF' - '
such, regard'ess of the manner in which the same may be in- , ' ~
stalled ~nd attached to pipes or plumbing. If Selier deems it ~1~ po ~~;g~ tl~S A~eane~ {kfae you rrad it a if_it:eogd~ins my blank
neeessary, Purchaser will obtain an agreement to sirnilar effect ~ _-~Y-,•
from the owner or lessee of each parcel of real estate where - _ _..,tf.:'';`'=-=,,
the Collateral may, from time to time, b~ io~acea. (2) You are entitied to a eanpletely filled in;, ~ti1d1~, 8(F~
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THIS AGREEDf.~I`TT IS SUBJECT TO THE ADDITIONAL receip4 of wch a copy is hereby ackno~i ed~`•I'
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PR~VISIONS .°,ET FORTH ON THE RF,VERSE SIDE HERE- 3~ U~de~ t~ I2W~ ou ~iave the ri ht ta ~
OF. THI~ SI.211E BEIhG INCORPOR E~ HEREIN BY ~ r ~ ~U ~ s`~'~ ~~mOUtlt
REFEREI~^E_ ~ due and uncer ceriain u,nditiau to: 1•refW~of"l~e ik~ore
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: finana and service charga ~ - .
Ebco M~nut~v~uring Co. ~ ~ .~„r~ r ? as ~~~---i~~ ~ :
~ ite Ri~ge I~ate~r~~an~,_ x.T; 1.~;',
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26~---NQ.rth ._Hami.lton_._Rd ..---•---~---:.a_.......~... _ f
Columbus, Ohio S~~r TeR. Benua, V.P. -----t~..-- --~.erce:--..Fl.or,i.d.~r~ , s:...,, r~.`~.,
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This instrument was prepared by ~7..:•-• C~ t:;~ ; ~ ~ ~ fs> ~ ~
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D~~-~o C.E.-`~idler . - - - - - - _ - - - - - - - - - - - ~ - _
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Of TAXES ~ '1 ~ _ i
(~~Y}G~ ~ IN PAYMENT _ - . - ' 1.?_
RECC'.~D ~ IBIE pER~'=~l PRO?ERfY, l-,.' T • - `
~ INIANG p,~TS OF .1911.M<<~ . 1-. E
qUE Ot~ C~~ ~ p~F't ll•134. : . : . i: , , % !
pURSU.'1l1I 10 ~~~E~t P'0(tR1~.S ~E t;~1-. f1A y•+ ~
CtERK CIRCU~t CAURT, S(. WC ~ s~ ~r ~4y t
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