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Home My WebLink About0940 . ~I -iECU/~ITY A01~E6MQNT ICNATTEI YORTGA6E1. RANCO FON6/ ~i ~ I~ . i' UNIROI~M COMM[RCIAL"COOi (IND. 011 CORP.I ~~10 li ~ i I i ~pcuri#~ ~~reemettt ; I I (CHATT~L MOR7~ACE) ~ ~iihl8 ~~rePlitp2tt~ made cha jQth day of November 19$4 under the la~+s of the stace of Floritla ~~iettveet~ ~ BHARAT P. PANDYA and DAKSHA B. PANDYA , his Wife ~ hercin called the Deboor !l ,~ose business address is (if none~ Writ~ ~b~,~~~> 133 No. 2nd Street, Ft. Pierce, Florida, C~l~ ~ ~ 33450 n~ ~ ~ and whose tesideace address is ~02 So. Caprona Avenue, Port St. Lucie, Florida 33452 d a„d JIM SHAFFER and LQRRAINE SHAFFER herein called che Secuced Pacty ~os~ ~aa«ss 3 ~ 1908 Mimosa Avenue, Ft. Pierce, Florida, 33450 ~ ~ ~ ~I~i#nesseth: ! To secuce ~t?e paymrnt of an indebceciness ia the amounc oE; ~Q~~~~ with interes[~ I! payeble as follows: The entire balance of ~10,0~.00 along with 10% interest is due ~i and payable one month from the date hereof or at any time sooner without a pre- payment penalty. i ; i~ n I addition thereto the am 10% interest, tlue and payable in one ball on~payment Qn~ eptllh 1984. jl : ~ - . ~ i ~ i - , , . I ';i _ ~ ~ z` . j 'j - ' ~i ~ . ..'tl!'1-.'r;'_ : - ' ' ' ~1 ~ - ~I I . - ~ ~ •t= ~ . . _ _ ' ' ;i as evidenced by a nocc ot notes of even date hercwith, and also to secote any other iade:bttdness or liability ' i.' of the Debtor to the Secured Party direct or iadirect, absolute oc contingent, due or to become due, now ezistiag ,4 or hueafcet atising, including all futute advances ot loaas ~6ich may be made s?t the opcion of the Secured a ~ ! j Party, (all hereinafter called the "obtigations") Ikbtor hereby grarus and coaveys to the Secuted Party a ~ ~ secutity interest in, and mortgages to the Secuted Party, ~ I i (aj the ptoperty desccibed in the schedule herein (hereinaf ter called the col!atecal), which collateral the ~ ~ i~ Debtor cepresents will be used primarily ~ _ ~ ? for personal, family or household pucposes ? in farmiag operations ~ in busia~ss or other use ~ ~ ~ i! (b) all property, goods artd chattels of ~he same classes as chose scheduled, acquired by th~e Debtot sub- ~ ! ~ sequent to the ezecution of this agreement and pcior to its tecmiaatioa C ; i; (c) all proceeds thetcof, if any, ° (d) all incteases~ substitutions, replacements, additions and accessions thereto. , 1 e I~ R t ~ DEBTI~R t~ARRANIS, COVENANTS AND AGREES AS 1~LLOWS: ` i~ To pay anJ perfotm all of the ubiigations securcd by this agreement nccordin to [heir terms. ~ To defend the ti~le to the collaceral againsi all persons end against ol~ clvims and demands wh~tsoever. which j collatecal, ezcept for the security intecest granted hereby, is lawfully owned by the Debtor aad is oow fcee aad clea[ of ~ j any and all liens, security intetests~ clrims, chacges~ eocumbcances, ts:es and •ssessmeots ezcept as m~y be see forth ( in ~he schedule. ~ ! On demand of the secured party to do t6e following: fumish further assurance of title~ ezecute my w~ritten agreement ~ or do anyoEheracts necessary tn effeccuate t6e purpo ses and provisions of tbis agreea?mt,e:ecute any tnsttummt orstatr i ment required by la~v or otberwise in order to petfect. coatinue or tem~iaste tLe secudty incerest oE the Secured Party ia i the collatetal and pay ail costs of filir.g in connection thetewith. j T~~, ~ecain possessioa of tae collatetal during che eustrnce of thia •greement and not to sell t:chonge, usian~ ban~ ~ ~ delivee, lease~ mortaage or otheewise dispose of same aichout e3~e writcea consenc of ebe Securrd ~any. ~ To ~eep the collateral at tbe locstion specified. io the schedule aad not to temove same (e:cept io the usua! coutse of i business for temporary periods) w~ichout the prior w[itt~0 COqseat Of tht Stcuted Pgrty. i To Iceep ~he collateral free ind clear of all liens~ charges~ encumbraacee~ tases and •~sessments. To pay, when due, all ta:es~ assessments and lisrnse fees celatiag to the collaceral. ~I To lceep ehe collateral, at Debtot's own cost and e:pense, in good cepait and condifioo md not to misuse. abuse. {i waste or rllow co deteriorace ezcept for aocmal wesc and ceu and m make seme available foc inspeccion by rhe Secured ~ ~ Party ot all reasonable times. ~i To lceep che collaceral insured a~ainst loss by fire (iocludi~g e:tended coverage) thek aad otldet 6azatds os che - Secuted Pany may tequire and co obcain collision insurrnce if opplicable. Polities sh=1) ~e in suc6 fom? and amouats and ~ with such compan~es aa che Secured Party may designate. Polic~e• sd~ll be obtained from reaponsible insutots.~utiwtiud co do business ~n this atate. Cecti(icate• of inauc~nce oc policies~ pay~bie oo the respetti~e putie• as theic iatetest may - appear, shafl be deposited aith che Secured Party ~rbo is wchorized. but uoder no duty. to obtaie such iasurance upop damege o~theDcoflaieral and s6a1 p~romptly,6le proof~~of~loss w~i h iocurora~ D bwr her bypoppoiats the Secuted Partysthe F i~ attomey for che Debwr in obtainias. adjuctins and cat~celling +ny suc6 insurwce aad endorsin6 settlement drafto •nd ~ 6ereby assign s ro t6e Secured P~ay aU sums whicb may become payable under such iasurance, indudio` rewm ptmiums ~ ii and d~r~dends~ as additional security for the iodebtedness. , a P~~E 94~ ~ ~ . _ , _ , . _ ~;~rt a~ ~ „ . . . ~ F;^ ~