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Home My WebLink About0969 ~i s~b~ ~ ~ lECURITY A6REEMENT (CHATTEL MORTGAG~1 RAMGO FORM ~2 VNIFORM GOMMERCIAL GOOE lINO. OR CORV.1 ~EClil'i#~ ~~EEtttEri~ . (CHAT7~L MORTIGAGE) `~htg ~arpQll~Ilf' made che 19 th day of h~ ar ch 19Es ~ under the laws of the state of Florida ~QftUCPtI LGL'IS VI1~kK herun called the Deboor . ~ whose business address is (if_non~, write "none") 2?U DepOt Dr. ~~'t. Pierce. F13. and whose residence address is C~C 202 h.E. St. ~ 2mes Di'. , Pt. ST I,UC12 ~~'~a. aad RICHARD F. SCHLII~D~S herein calfed ~e Secure arty whose address is ~53 5.~.. Prest~n Lane, ~'t. St. T.UCl@~ Fla. ~tt1t~SSFth: To stcure the paymenc of an indebtedness in the amounc of i 1 G~ 000 . ~0 wich incerest~ payable as follows: ~C~,v~/I,~,QTI',~ ~ ~e~ _ r"~ r n~ ,0 ~ ~ l o r, ~D N ° A `f ~ ~ ~ ~/P ~1 ~ . ~ - r:_ , _ ~ . - ~ ' _ ~ j . i~~' y , i . . s . e 4 J i 2 as evidenced by a note or notes of even dace herewith, and also to secure any other indebtedness or liability of the Dtbtor to the Secured Party direct or indirect, absoluce or contiagent, due or co become due~ now ezisting or hereafter arising~ indudia~ al ~~fucure adcances or loans which may be made ac tt~e opcion of the Secured Party, (all heceioaftec called the "obligat?ons ) Debtor hereby grants and conveys to the Secured Party a security interest in, and mottgages to the Secured Pan ~ ~a) the property described in the schedule herein (hereinafter called che collateral), w6ich collateral the Debmr ' reptesents will be used primatily ~ ~ for personal, family oc household pu~poses ? in farming operations in business or other use , (b) all propercy, goods and chatcels of the same classes as those scheduled, acquired by the Debcor subsequeat ~o che ; e:ecution of this agreement and prior to its terminacion ~ (c) all ~cviceeds theteof~ iE any, (d) all increases, subst~tutions~ replacemcnts. additions and accessions theteto. DEB717R WARRANTS, COVENAIVTS AND AGREES AS 1~LLOWS: ~ To pay aad perform all of the obligations secured by this agreemenc accocding to their terms. ' To defead the ~icle to ~he collaceral against ail persoes and against all claims and demands~ ~atsoever,which R collaceral, ezcept for the security interest granted hereby, is lawfully owned by che Debtor and is now free aad clear oi t u~• ' ..:e W~ ..l~e. n?e~ fwtr~s A any ~+na ~:,a ,.e.~s, se~a...~ - -_.ges~ eutt~m~ra_~_ od essessmencs ezcept as may be set oct in ~he schedule. ~ On demand of the securcd party to do the following: fumish furcher assursace of title, ezecute any writcen agreement or ~ do any other acts necessary co effectuate the putposes aod pravisions of this agreement, ezecute any iastrumeat or state- o ment required by law or otherwise in order to pecfect~ continue or cerminace che security interesc of the Secured Party ia the collatecal and pay all costs of filiag in conneccion therewith. ~ To recain possession of che collateral during the ezisteace of chis agreement and not to sell~ e:c6ange. assign, loan~ ~ deliver, lease~ moagage or o~6erwise diapose of same wit6out the wriccen consmc of ~he Secured Paay. ~ To keep che collateral at the location specified in t6e schedule and not to remove same (e:cept in the usual course of businesa for temporary peciods) wi~l~oac the prior wricten rnnseot of che Secured Pany. ~ I To {ceep t6e collatecal free and clear of all liens. c6arges. encumbrances, tazes and assessments. ~ T~ whrn due_ all cazes, assessmencs and license fees telacinR to the coliateral. ! ~ To ~Ceep~ the collaieral, st Debtot's own cost aad ezpense, in good tepair and condition sod avai'tabie ~or inspection by ~ che Secured Pacty at alf reasonable times. ~ To Iceep the collaceral fully insured agaiosc loss by fire, thefe and othec casualties~ Debtoc s6a1! give immediace written notice to che Secured Parcy and co iasucots of loss or damage to the collaceral and shall promptly 6!e proofs of loss ~ with insutors. THE PARTIES FURTHER AGREE Waivec of or acquiescence in any default by the Debtor, or failure of tbe Secured Party to insist upon strict performance ~ by the Debtor of any warranties oc agreements io this security agreement. shal! not consti~ute a waiver of any subsequent or other default ot failure. ~ I3otices to either party shall be in writing and shail be delivered personally oc by maii addresaed co the pacty at the ° address herein sec fonh or otherwise designated ia wciting. The Uoifocm Commercial Caie s6a11 govem the rights~ duties and remedies of the par.ies aod any provisions 6ereia de- claced invalid undec any law s6all not invalidate any other ptovision or this agceemenc. ~ T6e following shall constitute a defaulc by Debtor: ~ Failure co pay the priacipsl or any installmenc of Principal or of interest on the indebtedness or any notes whm due. Failure by Debtor to comply With or perform any proviaion of thia agceement. Falae or misleading cepresentations ot war- rantiea made oc given by Debcor io rnanectioo wich this agreement. Subjection of the coll~tecal to levy of e:ecucioa or r other judicial ptocess. Commtncemmt of any insoivency proceediag by or againsc che Debtoa Death of ~6e Debtor. Any te- duction in thevalue of the collateraloc any act of theDe~tor which imperils the prospect of full performaace or satisfaction ~ of the Debtor'a obligationa hecein. ~ Upon aoy default of the Debtor and at ~he optwn of the Secured Partp, c6e obligationa secuced by this agreement s6all ~ immediately become due aod payable in f?~11 wittwut notice ot demaad aad the Secured Patty shall have all the tights, rem- edies and privilegea with respect co repossessioo~ retentioo aad sale of the collateral and dispoaitioo of the pmceeds ss ~ are accorded by the applicable sections of the Unifotm Commercial Code respecciag "Default" ~ Upon eny default and upon demand, Debcor s6all assemble the collaceral aod make it avsi(able ta che Secuced Pac~y at ~ the place aod st the time designated in the demsnd. Upon any default~ che Secured Party's reasonable attomeys' fees and the legal and other e:pensea for putauing~ searc6ing Eor, ceceiving, teking~ Iceepiag~ storing~ advercising, and aelling che colistenl s6a11 be chatseable to the Debtor. 'Il~e Debtor shall remaio liable for eny deficiency resultiog feom s sale of che collatenl and a6a11 paq anq ruc6 de- ficieocy forthwitb on demand. IE the Debtor s6all default in tl~e perEocmance of any of the provisions of this aareemrnt on the Debtor's part to bepeo- : focmed, Secuted Party may perfocro same for che Debtoc'a sccounS and any moaies ezpended in so doing s6all be c6argeable with interest to the Debtot aod added co the iodebtedneas secured heteby. i The Secuced Patty is 6ereby authorized to f!e a Financing Statement. a G{i:f•