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
between City of Bozeman, of 411 East Main, Bozeman, Montana 59715, hereinafter referred
to as "debtor," and J. D. Harley-Davidson, Inc., ofP. 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. Creation of Security Interest.
Debtor hereby grants to Secured Party a security interest in the collateral described in
Paragraph 2 of this agreement to secure the performance and payment of a Promissory Note in
the amount 01'$15,000.00.
2. Description of Collateral.
The collateral of this security agreement, hereinafter referred to as "collateral," consists
of a 1997 FLHPI Harley-Davidson motorcycle, VIN # 1 HDlFHRl6VY617813.
3. Debtor's Obligations. Generally.
Debtor shall pay to Secured Party the sum evidenced by thc 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.
H 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 1, 1997, that the
Promissory Notc secured by this Agreement shall be deemed paid in full and no monetary
payments shall be due from the City of Bozeman to J.D. Harley-Davidson, Inc. pursuant to thc
Promissory Note secured 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:
J.D. HARLEY-DAVIDSON, INC. CITY OF BOZEMAN
By ~ ~'f~. -ul,--~3 L {L-/ '/
By: // ~. . //~
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ARDYCE DEVRIES RONALD F. BREY --
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Its: Secretary-Treasurer Its: Acting City Manager
ATTEST:
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ROBIN L. SULLIVAN
Clerk of the Commission
CERTIFICATE OF TITLE
YEAR MAKE/MANUFACT, MODEL BODY STYLE/LENGTH
97 HD MC MC
UNLADEN WEIGHT/MATERIAL VESSEL NUMBER
1HD1FHR16VY617813 121
ODOMETER READING DATE ISSUED
ODMTR: 2 ACTUAL 0 li:15 /lll2 /97
OTHER PERTINENT DATA
OWNER'S NAME AND ADDRESS
GITYQF BOZEMAN
411 EAST MAIN
BOZEM?-IN MT 59715
This entire section must be completed when selling,
trading or transferring your vehicle/vessel.
TI~IS V'EI~ICLEIVESSEL IS SUBJECT TO THE FOLLOWING L1EN(S) STEP 1 ASSIGN TITLE TO PURCHASER
Owner(s) shown on the face of this certificate must assign title to their
purchaser. Failure to do so Is e violation 01 state law, The ownership of
the vehicle/vessel described in thi ertlficate of lIt1e has been transferred
J D HARLEY-DAVIDSON INC to: "j-,j). it -<- -" - v,' OJ "'''- - -IA
5iH~1 ALASf:::?-1 FRONTAGE: RD Prinl Name of Pl,ltchaser(s) (show name of Indivldual(s) or bl.Jsl!1e~s)
\\ <> lrJ I{ n d~ \!\AT 5'9'] /l/
BELGRADE MT 59714 Address
$1 5 , 12HZH'.1 .1'.1 lZl 104/16/97 STEP 2 DISCLOSE MILEAGE AND RELEASE INTEREST
WARNING: Federal and Slale law requlrealhal you Blale Ihe mileage
in connection with Ihe transfer of ownership, Failure to complete or
providing a false statement may result in fines and/or imprisonment
flWe certify to the best of m lour knowledge that the odometer reading is
dS-G,o NO TENTHS and reflects the actual mileage of
the vehicle unless one of the lOllowing statements is checked:
D The amount 01 mileage Is in excess of Ihe odometer's mechanical
limits, or
D The odometer reading Is not the actual mileage,
WARNING-ODOMETER OlSCREPANCY.
IIWe certify under penalty of law that the statements made herein are true
and correct to the best of my/our knowledge and that I am/We are the
same person(s) named on the face..,f.this tille and if I am signing tor a
com rcial entity, I further certify that I have full authority 10 do so,
- All wnflr~ m t sil}n 1 ink If coinmercial erilrty. enler' business r\firrlsa
t> D ,
X
Businoss Namo
1997
Affix
It is hereby certified, according to the records of the Montana Department of ---Seal
Justice"" Motor Vehicle Division, that the person named hereon is the owner
of the vehicle I vessel described above which is subject to a Iien(s) as shown: Here
however the vehicle Ivessel may be subjectto other liens or security interests,
TITLE AND REGISTRATION BUREAU
CONTROL NO. 5413101
(This is not a title number)
Rev. 01101/96
-^ KEEP IN SAFE PLACE-ANY ALTERATIONS-USE OF CORRECTION FLUID-ERASURE VOIDS THIS TITLE,
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J.D. Harley-Davidson, Inc:
540 Alaska Frontage Road
Belgrade, Montana 59714
Phone: (406) 388-7684
Fax: (406) 388-4056
DATE Ocl ()b", , \3 119'17
TO WHOM IT MAY CONCERN:
I l-lEREBY CERTIFY THAT J. D. HARLEY-DAVIDSON, INC. HAS RELEASED THEIR
LIEN ON C I' 1-- ,{ o.f- Q D'E.- e '\All ,< 'S
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I Cf SP, '4~ G r { "'....{ - 0" \J .: JJ 0''\ FLH?J: 11" 0 tll'( '-I c Ie.., ___
SERIAL NUMBER, I H D I F It R J lc \J Y (0 1'7 S'I ~ TITLE C Jf?Co 003
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IN THE AMOUNT OF Y -/e., - <J 7
101 .~ eries, resident
.. . 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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