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Security Agreement Part 2

CDC security agreement

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ccoleman419
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58 views5 pages

Security Agreement Part 2

CDC security agreement

Uploaded by

ccoleman419
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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damages, 939, CHRISTOPHER D. COLEMAN’s Entitlement rights of medical, dental, optical, prescription, One Hundred Thousand ‘and insurance records, records numbers, and information contained in any such US. Dollars records; ($100,000.00) par occurence 40. CHRISTOPHER D. COLEMANS Entitlement rights of CHRISTOPHER D. COLEMAN ; Current U.S. Market Value each plus triple damages 41, CHRISTOPHER D. COLEMAN's Entitlement rights of inheritances as well as any Current U.S. Market inheritances as might be received; Value each plus triple damages 42, CHRISTOPHER D. COLEMAN’s Entitlement rights of CHRISTOPHER D. COLEMAN én Thousand U.S. packages, parcels, envelopes, and labels of any kind whatsoever, Dollars ($10,000.00) and ‘acclaim of mall fraud in favor of CHRISTOPHER, D. COLEMAN- by Violator per occurrence 43. CHRISTOPHER D. COLEMAN Entitement rights of CHRISTOPHER D. COLEMANs email ‘en Thousand U.S. ‘addresses, Interet URL's, internet web site, Intemet domain names, and Internet Service Provider accounts specifically ; Dollars ($10,000,000.00) 44, Every tem of CHRISTOPHER D. COLEMANS property itemized or described herein above Current U.S. Market in "Amount of Security Interest" under "Words Defined: Glossary of Terms": Value each plus triple damages 45. Any item of property of CHRISTOPHER D. COLEMAN's not specifically isted, named, Current U.S. Market specified by make, model, serial number, account number, etc.. and is expressly Value each plus triple herewith included as an item of Collateral of CHRISTOPHER D. COLEMAN. . damages All Property and Collateral acquired by non consensual means is replevin unto Christopher dewayne Colman In addition the word "Collateral" includes but not imited by any the following: ‘Any accessions, increases, and additions, replacements of, or substitutions for, any property described in this Collateral section; b. Any products, produce, or proceeds of any of the property described in this Collateral section; ¢-Any accounts, general intangibles, instruments, monies, payments, or contract rights, or any other rights, Stising out of sala, lease, or other position of any of he property described in this Collateral secon; d. Any proceeds, including insurance, bond, general intangibles or accounts proceeds, from the sale, destruction, loss, or other disposition of any of the property described in this collateral section; fe. Any records or data involving any property described in Collateral section, not limited by any writing, photograph, microfilm, microfiche, tape, electronic media, or the lke, together with any of Debtor's right, fo, oF intrest in any Computer software or hardware required for uiizing, creating, maintaining, and processing any such records or data in any electronic media ‘This Secunty Agreement includes and encompasses any Controing Creditor or Securty Entlement rights, issuance, rights, legal tle, equitable tie or any interest in property. described in but not ited by Colateral ‘Authorized Representative, Debtor hereby assigns Secured Parly unto: 2: Signing, harmioss of any lial Debtors signature for any purpose of authenticating any writing in any ‘agreement between Debtor and any other; b. Demanding or collecting or receiving or accepting receipt or suing or recovering any sums of money or ‘any other property in favor of the Debtor; C. Executing or signing oF endorsing any claim or instrument or receipt or checks or das or warans issued for and made payable in favor of Debtor, 4. Setting any compromise or ay claims in Debtor or in any Colatera (€) Filing any claim or any action or instituting any proceeding inthe name of Secured Paty or Debtor. Secured Party may also receive or open or dispose of mall indicating any alleged address of Debtor or ‘change any address conceming any mail or payments. Assignment or Authorization is given as security for the nebacess othe ute end remain tule an ect ur rnaincdby Secured Pay Perfection of Security Interest. Filing of Financing Statement. ‘2. Debtor by means of possession or contro or attachment authorizes and assigns Secured Party any rights in Fling financing statements or continuing financing statements describing property or collateral including ‘but not limited by fling any agricultural liens or other statutory lens against Debtor held by Secured Party: '. Debtor assigns and authorizes authentication of financing statements or execution of any action reasonable bby Secured Party for perfecting and continuing Secured Party's secuy interest in collateral and also consents and agrees as fotows ‘Secured Party may fle carbon or photographic or any other type of reproduction of any horein-authorized financing statement or Security Agreement for use as a financing statement; and \ ASecured Party is held harmless in taking any stops necessary by preservation of any thic-party Fights in the property or collateral NOTE: Perfecting or fing a U.C.C. Financing Statement does not affect enforcement rights ofthe Secured Party. Security agreement constitutes fenforcement rights of Christopher D. Coleman by means of assignment of attachment, possession oF Control rights. See UCC See. 9-607. (Obligations of Debtor Perfection of Security interest. Debtors may execute such financing statements and take any actions requested by Secured Pary in perfecting and continuing Secured Party's secu interest inthe Collateral. Secured Party may at any ime file any type of reproduction ofthis Securty Agreement for use as a perfected Financing statement. The Secured Party is held harmless in taking any steps necessary in sacuring priority over ‘any ight of ary third pares in Collateral. This is @ continuing Securty Agreement and continues in efloct through any part of the Indebtedness, and may be pald/satisie in full notwithstanding the fact that a period of time may pass in which Debtor Inours no indebtedness in favor ofthe Secured Party. Event of Default Each ofthe folowing consitutes an event of detault under this Security Agreement: insolvency. The insolvency of Debtor, the appointment ofa receiver for any part of Debtors property or any “seignmentin the benefit of a third-party credtor or the commencement of any proceedings under any set of taws, no limited by bankruptcy or insolvency law, by Debtor, or against Debtor. Cialis Proceedings. Commoncement of foreciosure by udicial proceeding, sel-help, repossession, or any ‘fethod by any tire-party creditor of Deblor against any item of Coateal securing any indebtedness or Other Detaults. Failure in compliance with Debtor in any term(s), obligation, covenant, condition, or the like, on erie tne writen, express, Private Agreement No, CDC-1862-PAdaled May tt, 2024, between the ean eRIRISSOPHER D. COLEMAN, or any derivatives or variations inthe speling of said name excopt “CHRISTOPHER coo er Os te Secured Party, Civistopher Dewayne Coleran () tis Scurty Agreement, oc) any related document, as ‘ea cs any otnor agroement of cenract ween Debior and Secured Party Reha and Remodis n Event of Default. In evento! taut under is Securty Agreement Secured Party Fights and mis ot a Secured Party in commerce re Debit Without Imtaton, Secured Party may exercise Shy numberof the folowing enforcement rights and remedies: So) Ino Collateral, Secured Party possesses full power for soling, leasing, transferring, and otherwise dealing With the Colatral and proceeds thereo! inthe name of both Secured Party and Debtor. Secured Party may sell the Colateral in any manner and at any place, such as at public auction, prvaie sale, and otherwise without further notice. Any expenses involving the disposition ofthe Collateral, including without imitation the expenses of holding, insuring, preparing forsale, and seling the Collateral, become part ofthe Indebtedness Secured by this Security Agreement and are payable to Secured Party on demand. ‘Appoint Receiver. n accordance withthe requirements and options permitted by applicable law, Secured Party possesses the folowing ights and remedies regarding the appointment ofa racelver: (a) Secured Party ay have a receiver appoinied as a matter of right; (2) the receiver may be an employee of Secured Party and ‘may serve without bond, and (c) any 69s of he receiver and any atone ofthe receiver become part of the Indebtedness secured by this Securty Agreement and are payable on demand, wth interest atthe Note rat, less payment of interest a tha rate isnot permited by applicable la, in which event such expenses shall bear interes at the highest rate permitted by applicable law from date of expenditure until repaid. allt Revenues, Apply Accounts, Secured Party both in Secured Party's personal capacity and through ‘aceiver may collect the payments, rents, incomes, and revenues fom the Collateral. Secured Paty may at any time, atthe sole discretion of Secured Party, transfer any Colateral into the name of Secured Party as well a5, into the name of any nominee of Secured Party. and receive the payments, rents, incomes, and revenues ‘here-trom, and may hold the same as security forthe Indebtedness, apply payments in favor ofthe Indebtedness in an order of preference that Secured Party may determine. Insofar as the Collateral consists of {ccounts, general intangibles, deposit accounts, insurance policies, instruments, chattel paper. chooses in action, and any similar propery Secured Party may demand, collec, receive, execute receipt fr, stl, Compromise, adust, sue fo, orecosure, and realize on the Colateral as Secured Party may determine, enzaring btn ndebadnoes and Colateal and whenever due. postion Rights of Secured Party. Secured Pary shall have ary rights in any disposition of any ofthe Iino an sng arte cacao ease besvofee ns SdseePay es Obtain Deficiency, it Secured Party decides in favor of seling any Collateral, Secured Party may obtain a ‘after application of any amounts recelved from the exercise ofthe rights provided in this Securty Agreement. Debtor is liable fora deficiency even if the transaction described inthis subsection Is a sale of accounts, and likewise of chattel paper. ‘Cumulative Remedies. Any of Secured Party's rights and remedies, as evidenced by this Securty Agreement, as well as by any related documents and by any other wring, is cumulative and may be exercised both singularly and concurrently. Pursuit by Secured Party of any remedy does not exclude pursuit of any other remedy, and making expenditures and taking action for performing an obligation of Deblor under this Security ‘Agreement, after Debtors failure of performance, does not aflect Secured Parys right for declaring a default ‘and exercising the remedies thereot. ther Rights and Remedies. Secured Party possesses any rghis and remedies of a secured creditor under the Unitorm Commercial Code, as may be amended upon agreement between the partes. In addition, Secured Party possesses, and may exercise, any and all oher rights and remedies avalabe at la in equity, and ‘otherwise. ules of Construction. In this Security Agreement: (a) neither the use of nor the referencing ofthe term proceeds" authorizes any sale, transfer, other disposition, and the like of Collateral by Debtor (b) the words "include," “includes,” and “including” are not limiting; (c) the word "al" includes “any” and the word "any" includes “al” (2) the word “or is not exclusive; and (e) words and terms) in the singular number include the fural, and inthe plural, the singular; and (i) n the masculine gender incude both the feminine and neuter Fone are ousine The folowing nacelaneus provers ae a parol is SecutyAeement ‘pmondmonts, This Security Agreement, together with any related documents and endorsements, constitutes the entire understanding and agreement ofthe parties are the matters set forth inthis Securty Agreement. This Security Agreement may neither be changed ee ae ‘Setpinscsrm eyes oy are Pry arg en pd yO ‘arene mann ny Sard Py nc ‘execute any futher documents and take any further actions requested by Secured Party that augment any of the following: (a) evidencing the security interest granted herein; () perfecting the security interest granted herein; (©) maintaining frst priority of the securty interest granted herein; (d) effectuating rights herein granted Seoured Party by Debi. Severability In the event that a court of original and general jurisdiction at common law, such as an Article I Court of justice arising under the Constitution of the United States of America, 1787, with the Bill of Rights of 1791 as lawfully amended by the qualified Electors of the several States of this American Union, and laws of the de jure United States of America, and such as a court of justice in accordance with the course of the ‘common law arising under the Constitution of the United States, as amended by the qualified Electors of said United States and the laws of the de jure United States, judicially determines that any part of this Security ‘Agreement, including any amendment, addendum, and revision, is unacceptable for any reason, such as on the basis of being unlawful, iva, void, unenforceable and the ke, such provisions toreby severed rom tis ty ‘Agreement, but every remaining provision continues in full force and effect and may not be affected by such

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