HomeMy WebLinkAbout97- Harley Davidson Security Agreement
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, SECURITY AGREEMENT
Agreement is made and entered into this 7th day of P,pri 1 , 1997, by and
bctwccn City of Bozeman, of 411 East Main, Bozeman, Montana 59715, hereinafter referred
to as "debtor," and 1. D. Harley-Davidson, Inc., of P. O. Box 569, Belgrade, Montana 59714,
hereinafter referred to as "Secured Party";
WHEREAS, in consideration of the mutual covenants and promises set forth herein,
Debtor and Secured Party agree as follows:
1. Crcation of Security Interest.
Dcbtor hcrcby grants to Secured Party a security interest in the collateral described in
Paragraph 2 ofthis agreement to secure the performance and payment of a Promissory Notc in
the amount of $15,000.00.
2. Description of Collateral.
The collateral of this security agreement, hereinafter referrcd to as "collateral," consists
of a 1997 FLHPI Harley-Davidson motorcycle, VIN # 1 HD 1 FHR 1 OVY 617807.
3. Debtor's Obligations. Generally.
Debtor shall pay to Secured Party the sum evidenced by the above mentioned Promissory
Note in accordance with the terms of such Promissory Note.
Debtor agrees to maintain appropriate liability insurance on the collateral until the
Promissory Note secured hereby is paid in fulL
4. Payment of Promissory Note.
It is understood and agreed that in the event the City of Bozeman returns the collateral
to J.D. Harley-Davidson, Inc. in good condition on or before October I, 1997, that the
Promissory Note secured by this Agreement shall be deemed paid in full and no monetary
payments shall be due from the City of Bozeman to 1.D. Harley-Davidson, Inc. pursuant to the
Promissory Note sccured by this Agreement.
5. Proceeds of CollateraL
Debtor hereby grants to Secured Party a security interest in and to all proceeds of
collateral, as defined by Section 30-9-306, M.C.A. This provision shall not be construed to mean
that Debtor is authorized to sell, lease, or otherwise dispose of collateral without the written
consent of Secured Party unless otherwise provided in this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and
year first above written.
SECURED PARTY: DEBTOR:
1.D. HARLEY-DAVIDSON, INC. CITY OF BOZEMAN
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By:C~ ! ,"-^-Sl-<f"'<- .,~_t_L_-,._~~ :~~~~'~ ~
ARDYCE DEVRIES
Its: Secretary-Treasurer Its: Acting City Manager
ATTEST:
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ROBINL. SULLIVAN
Clerk of the Commission
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i\ CERTIFICATE ~~!~TLE ~~____ 32
~)J.o, TITLE NUMtJER YEAR MAKE/MANUFACT. MODEL BODY STYlE/lENGTli
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~j~' E 18~:;99'7 97 I,.m l"Ie t1C
~\\\ VEfIICLENESSE"CioENTlFICATION NUMBER UNLADEN WEIGHT/MATERIAL TONI PROPULSION VESSEtNUMBER
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f4/JII 1 HD 1 FHR 1 (IVY 6178107 10
i; --ODOMETER READING D^,itISSUED
'~~ ODMTR: 2 ACTUAL 0 05/02/97
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~)~i OTHER PERTINENT DATA
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'iN CITY OF: BOZEI"IAN
lk~' 411 Ef~ST l"'fHN
~~\ BlJZEf"If-1N t'IT 59715
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~i This entire section must be completed when selling,
I});:',: '____,___, trading or transferring your vehicle/vessel.
~\~~ THIS VEHI'CLE/VESSEUS SUBJECr TO THE FOLLOWING L1EN(S) STEP 1 ASSIGN TITLE TO PURCHASER
~iifl Owner(s) shown on the face of this cerlificate must assign title to their
iD~ purchaser, Failure to do sO Is a violnliQn of stato Inw. Tho ownorship of
~I . the vehiCI~/vessel de cribed in this c t1ficate of title has be~n transferred
~:J J'D HARLEY-DAVIDSlJN' lNC to,--::T. D. ~ "'- _.-tV.t~." ~,
iil/! -,-~' AL{\C "14 FRlJ TAGE RD prl~N'",OOfPurCh..or(')['hOW \8mo of Indl,idual(.) or buslno..j
1:1--' 5 H::) .. wh. .' N -. l . .'? ..' I/\f.~ .
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t\\ BELGF:ADE . MT 59714 Addr... J ..' .
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t! CONTROL NO. 5413102
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iDa*iti, KEEP IN SAFE PLACE-ANY ALTERATION,!:"~~~?!~,o..~~!.:.~';~~!!.:~I~--=.~;.~~:.l?~?!.~~"":~~.
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J:-D. Harley-Davidson, Inc~
540 Alaska Frontage Road
Belgrade, Montana 59714
Phone: (406) 388-7684
Fax: (406) 388-4056 @
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DATE o C{(',09>-- 13,/9'17
TO WHOM IT MAY CONCERN:
J HEREBY CERTIFY 111AT 1. D. 1-1ARLEY-DA VIDSON, INC. HAS RELEASED THEIR
LIEN ON C i+- '( o{ ~S() '2-<" \N\a..,,<--'S
~,~~ J 'I '; ? '-+<:1 ~.le'f - Oct v, cP J\W\. FLHPL M <:;.i~)r\yd .<::.
SERIAL NUMBER, IHOI r:HRIQVY&"1~'o') TrrLE E-'fS'-/(l'"")
IN THE AMOUNT OF .II - Je" - 'f '1
1 DeVries, President
"'-j. D. Harley-Davidson, Inc.
540 Alaska Frontage Road
Belgrade, Montana 59714
SUBSCRIBED AND SWORN TO BEFORE ME THIS 13TH DAY OF OCTOBER, 1997.
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