SECURITY AGREEMENT No. REV-001

SECURITY AGREEMENT No. REV-001

Non-Negotiable – Private Agreement Between two Parties

PARTIES

Debtor: RONALD EDWARD VALENTINE                                                              

Secured Party: Ronald Edward Valentine

                                               

(RONALD EDWARD VALENTINE, R. VALENTINE, VALENTINE, RONALD, and VALENTINE, R., or and any variation/derivation thereof derivatives and variations in the spelling of said name.) Ronald Edward Valentine  

           

This Security Agreement: 

This Security Agreement mutually agreed and entered on October 8th, 2019 between the juristic person   RONALD EDWARD VALENTINE and also known by any and all derivatives and variations in the spelling of said name," hereinafter jointly and severally "Debtor," and Ronald Edward Valentine, hereinafter "Secured Party."

For valuable consideration, Controlling Creditor or Entitlement Holder Ronald Edward Valentine;

a.              Assigns to Ronald Edward Valentine any security interest in any Collateral, not limited by the items described herein below for the purpose of securing any interests or any rights in any form whatsoever;

b.              Transfers any collateral along with any controlling creditor or Security Entitlement or transfer or assignment or attachment or perfection rights, not limited by Security Entitlements, unto or into the possession and control of Ronald Edward Valentine and

c.              Agrees with having Debtor's name entered and registered in the records of the U.C.C. filing office as a transmitting-utility Debtor, and  

d.              Agrees that Ronald Edward Valentine possesses any collateral along with any controlling creditor or Security Entitlement or transfer or assignment or attachment or perfection rights stated herein this Security Agreement regarding any Collateral, as well as any rights in whatever form whatsoever.

This Security Agreement secures:  

a.              The performance of obligations owed by Debtor in favor of Secured Party as set forth in the express written Agreement; value of said obligation identified specifically with property or collateral herein or inquiries may consult the secured party.

b.              The repayment of (i) any amounts that Secured Party may advance, spend, and otherwise convey for the maintenance, preservation, upkeep, and the like of the Collateral, and (ii) any other expenditures that Secured Party may make under the provisions of this Security Agreement in particular and for the benefit of Debtor in general;

c.     Any amounts owed under any modifications, renewals, and extensions of any of the foregoing obligations;

d.     Any amounts owed now or in the future by Debtor for the benefit of Secured Party;

e.     Any indebtedness or liabilities owed by Debtor in favor of Secured Party, both direct or indirect, absolute or contingent, due or as might become due, now existing or hereafter arising, or however evidenced;

f.      Any other debts that may be owed by Debtor for the benefit of Secured Party upon occasion as stated herein.  

Debtor transfers any controlling creditor or Entitlement rights or transfer or assignment or attachment or perfection rights or issuance or property or collateral or possessions or rights to Ronald Edward Valentine. Any herein stated controlling creditor or Security Entitlement or transfer or assignment or attachment or perfection rights or issuance or property or collateral or possessions or rights shall remain transferred to Ronald Edward Valentine until this Security Agreement is terminated in writing and signed by both the Debtor and Secured Party” herein-stated.

*NOTICE AND WARNING!

Any juristic person, as well as any agent of said juristic person, agrees that neither said juristic person, nor the agent of said juristic person, shall display, nor use in any manner, the trade-name/trade-mark, described herein, i.e. Ronald Edward Valentine, or any variation thereof, or any derivative of said name, without prior, express, written consent of Controlling Creditor or Entitlement Holder or Claimant or Secured Party Ronald Edward Valentine as signified by Secured Party’s wet-ink signature in red ink. Per both published Trademark Notice attached hereto or NOTICE AND WARNING herein, any Juristic Person or any agent of said Juristic Person, hereinafter jointly and severally “User,” consents and agrees in any use of RONALD EDWARD VALENTINE other than authorized use as set forth herein or, following Ronald Edward Valentine NOTICE BY SELF-SERVING DECLARATION/SECURITY AGREEMENT constitutes User’s indirect agreement or consent or confession of judgment of unauthorized use of said trade-name/trade-mark, contractually binds User, and signifies that User: (1) grants Secured Party a security interest in, and a distress warrant or lien against User’s property and interest in property in the sum certain amount of U.S. $500,000.00 per each trade-name/trade-mark used, per each occurrence of use, plus triple damages, plus costs for each such use, as well as for each or every use of any derivatives or variations in the spelling of RONALD EDWARD VALENTINE; (2) authenticates a Security Agreement wherein User is debtor, and Ronald Edward Valentine is Secured Party, and User pledges any of User’s property or interest in property as collateral for securing User’s contractual obligation; (3) authenticates a U.C.C. Financing Statement wherein User is debtor, and  Ronald Edward Valentine is Secured Party; (4) consents and agrees that said Financing Statement is a continuing financing statement authorizing Secured Party’s filing of any continuation statement necessary for maintaining Secured Party’s attached or perfected security interest in any of the User's property or rights in property pledged as collateral in the aforementioned Security Agreement until User’s contractual obligation is fully satisfied; (5) authorizes the filing of the aforementioned U.C.C. Financing Statement or Security Agreement in the U.C.C. filing office by Secured Party; (6) consents and agrees that any such filings referenced in paragraph “(5)” above are not or may not be considered, bogus or that User waives any claim(s) in any such filing; (7) waives any defenses.  Further, User also consents and agrees in any Payment Terms, Default Terms, and Terms for Curing Default and Terms of Strict Foreclosure as set forth with particularity in NOTICE BY SELF-SERVING DECLARATION/SECURITY AGREEMENT or in attached herein published Trademark Notice.

Words Defined; Glossary of Terms.  As used in this Security Agreement, the following words and terms are as defined in this section, non-obstante:

All.  In this Security Agreement the word "all" means everything one has: the whole number; totality, including both all and sundry; everyone; without restriction.

Artificial Person. In this Security Agreement the term "artificial person" means a juristic person, such as the Debtor, RONALD EDWARD VALENTINE   also known by any and all derivatives and variations in the spelling of said name except “Ronald Edward Valentine " See also: juristic person.

Authorized Representative. In this Security Agreement the term "authorized Representative" means the Secured Party, Ronald Edward Valentine, authorized by Debtor for signing debtor's signature, without liability and without recourse.

Claim. In this Security Agreement the word "claim" means: 

1.         Right of payment, when such right is rendered into the form of a judgment, or for damages, as well as under rulings regarding an equitable remedy for breach of performance, when such breach results in a right of payment, or when an equitable remedy is rendered into the form of a judgment regarding debts or obligations. 

2.         "Demanding as one's own and challenge of property, and ownership of a thing, that is wrongfully withheld."  [See Hill v. Henry, 66 N.J. Eq. 150, 57 Atl. 555.  Also, a claim is to state.  See Douglas v. Beasley, 40 Ala. 147; Prigg v. Pennsylvania, 16 pet. 615, 10 L.Ed. 1060.]

Conduit. In this Security Agreement the term "conduit" signifies a means of transmitting and distributing energy and the effects or produce of labor, such as goods and services, via the name RONALD EDWARD VALENTINE, also known by any derivatives and variations in the spelling of said name of Debtor except " Ronald Edward Valentine "

Collateral.  In this Security Agreement the term "Collateral" means any property and property rights of Debtor, now owned and hereafter acquired, now existing and hereafter arising, and wherever located, with ownership either in the name of Debtor or in the name of another, in which the Debtor holds a beneficial interest, and secures the entire obligation or amount of indebtedness.

Debtor. In this Security Agreement the term "Debtor" means RONALD EDWARD VALENTINE, also known by any derivatives and variations in the spelling of said name except "Ronald Edward Valentine "

Default. In this Security Agreement the term "default" means Debtor’s non-performance of a duty arising under this Security Agreement, specifically any event described in any of the three categories, i.e. "Insolvency," "Creditor Proceedings," and "Other Defaults," set forth below under "Event of Default" below.

Derivative. In this Security Agreement the word "derivative" means coming by way of another; taken out of something preceding; secondary; that which has not the origin in itself, but obtains existence out of some foregoing thing and of a more primal and fundamental nature; anything derived out of another.

Drawer. In this Security Agreement the word “drawer” means Ronald Edward Valentine or RONALD EDWARD VALENTINE   or any derivatives and variations of said names in any manner whatsoever re any assets or contracts or promissory notes or titles or grants or accounts or instruments or agreements in any form whatsoever bearing the name(s) Ronald Edward Valentine or RONALD EDWARD VALENTINE or any derivatives and variations of said names.

Ens legis.  In this Security Agreement the term "ens legis" means a creature of the law; an artificial being, such as a corporation, considered as deriving the existence of the being entirely by the law, as contrasted with a natural person.  See: Natural person.

Endorsement: means the signature, other than that of the maker, drawer, or acceptor, Ronald Edward Valentine

Entitlement Holder: means Ronald Edward Valentine having a security entitlement in any security or asset or contract or promissory note or title or grant or account or instrument or agreement in any form whatsoever, bearing RONALD EDWARD VALENTINE, or any derivatives and variations of said name.

Ronald Edward Valentine.  In this Security Agreement the term " Ronald Edward Valentine" means the sentient, living being, identified by the name of Ronald Edward Valentine. All rights reserved re use of the name Ronald Edward Valentine, Autograph Common-law Copyright ©2019.

RONALD EDWARD VALENTINE In this Security Agreement the term " RONALD EDWARD VALENTINE  " means RONALD EDWARD VALENTINE, and any derivatives and variations in the spelling of said name except Ronald Edward Valentine," Copyright©. 2019 All Rights Reserved.

Hold-harmless and Indemnity Agreement. The term "Hold-harmless and Indemnity Agreement" means this Hold-harmless and Indemnity Agreement No. 0001-HHIA, as this Hold-harmless and Indemnity Agreement may be amended and modified in accordance with the agreement of the parties signing hereunder, together with any attachments, exhibits, documents, endorsements, and schedules regarding this Hold-harmless and Indemnity Agreement attached hereto.

Securities Intermediary: means a bank or broker or clearing corporation that maintains a security account for others and is acting in that capacity. 

Issuer: means Ronald Edward Valentine or RONALD EDWARD VALENTINE, the maker or drawer of any asset or contract or promissory note or title or grant or account or instrument or agreement in any form whatsoever.

Juristic person. In this Security Agreement the term "juristic person" means an abstract, legal entity ens legis, such as a corporation, created by construct of law and considered as possessing certain legal rights and duties of a human being; an imaginary entity, such as Debtor, i.e. RONALD EDWARD VALENTINE ©, which, on the basis of legal reasoning, is legally treated as a human being for the purpose of conducting commercial activity for the benefit of a biological, living being, such as Secured Party.

Land. In this Security Agreement the word "land" means: any ground, soil, and earth whatsoever, including pastures, fields, meadows, woods, moors, waters, marshes, rock, and sand.

Legal Entity. In this Security Agreement the term "Legal Entity" means an entity, other than a natural person, with sufficient existence in legal contemplation that said entity may function legally or sue and be sued or make decisions through agents.

Liability.  In this Security Agreement the word "liability" means every kind of legal obligation, responsibility, and duty.  Also the state of being bound and obligated in law for doing or paying a debt or fulfilling an obligation or rendering committed specific performance or the like.  [See Mayfield v. First Nat'l Bank of Chattanooga, Tenn, C.C.A. Tenn., 137 F.2d 1013, 1019; Feil v. City of Coeur d' Alene, 23 Idaho 32, 129 P. 643, 649, 43 L.R.A. N.S. 1095; Breslaw v. Rightmire, 196 N.Y.S. 539, 541, 119 Misc. 833.]

Living, breathing, flesh-and-blood man.  In this Security Agreement the term "living, breathing, flesh-and-blood man" means the Secured Party, Ronald Edward Valentine, a biological and spiritual being as against an artificial legal construct, ens legis, i.e. a juristic person, created by construct of law.

Maker. In this Security Agreement the term “Maker” means Ronald Edward Valentine or RONALD EDWARD VALENTINE or any derivatives and variations of said names in any form whatsoever re any asset or contract or promissory note or title or grant or account or instrument or agreement bearing the name(s) Ronald Edward Valentine or RONALD EDWARD VALENTINE   or any derivatives and variations of said names.

Natural person.  In this Security Agreement the term "Natural person" means a neutral living, breathing, flesh-and-blood man, as against artificial persons, juristic persons and the like.

Neutral. In this Security Agreement the term "Neutral" means Ronald Edward Valentine the Secured Party. [See Black’s Law Dictionary Fourth Edition West Publishing Co. 1951 page 1193].

Non obstante.  As used in this Security Agreement the term "non obstante" means "Words anciently used in public and private instruments with the intent in preclude, in advance, any interpretation contrary to certain declared objects, purposes." [See: Black's Law Dictionary, 5th Edition, West Publishing Company, St. Paul, Minnesota, 1979, page 952]

Private Agreement. In this Security Agreement, the term "Private Agreement" means the written, express Private Agreement No. REV-0001 dated August 1, 2019 between Secured Party and Debtor, together with any modifications and substitutions for said Private Agreement.

Resources or Rents or wages or salaries or any other income from any source derived.  In this Security Agreement the term "resources or rents or wages or salaries or any other income from any source derived" means any resources or rents or wages or salaries or any other income from any source not limited by past or present or future benefit of Debtor.

Secured Party.  In this Security Agreement the term "Secured Party" means Ronald Edward Valentine a natural living breathing flesh-and-blood man or sentient being as against a juristic person created by legal construction.

Security Agreement.  In this Security Agreement the term "Security Agreement" means this Security Agreement No. REV-0001, with attachments and incorporations by reference.

Signature.  See U.C.C. § 3-401 [what is considered signature], which is herein incorporated by reference. 

Signed.  See U.C.C. § 1-201 (39) [what is considered signature], which is herein incorporated by reference.

Trade-name.  In this Security Agreement the term "trade-name" means any of the following juristic persons: RONALD EDWARD VALENTINE, as well as any derivatives and variations in the spelling of said name(s), respectively, except "Ronald Edward Valentine."

All Property and Collateral acquired by non consensual means is replevin unto Ronald Edward Valentine

Collateral	Value in Security Interest
1.     RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of the trade-name(s), mark(s), and trade-mark(s) regarding: “RONALD EDWARD VALENTINE;” and any other assemblages of letters and derivatives and variations in the spelling of said name(s) used with the intent of referencing the Debtor, except Ronald Edward Valentine:	Fifty Thousand U.S. Dollars ($50,000.00) each, per occurrence of unauthorized use, plus triple damages, plus costs* [*see “*NOTICE AND WARNING!” above]
2.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Five Hundred Thousand U.S. Dollars ($500,000.00)
3.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of UNITED STATES OF AMERICA PASSPORT No.; 647975233	Ten Thousand U.S. Dollars ($10,000.00)
4.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Ten Thousand U.S. Dollars ($10,000.00)
5.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Ten Thousand U.S. Dollars ($10,000.00)
6.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Ten Thousand U.S. Dollars ($10,000.00)
RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Ten Thousand U.S. Dollars ($10,000.00)
7.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Current U.S. Market Value each plus triple damages
8.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Current U.S. Market Value each plus triple damages
9.              RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Current U.S. Market Value each plus triple damages
10.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of funding source of;	Current U.S. Market Value each plus triple damages
11.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of funding source of;	One Hundred Thousand Dollars ($100,000.00) each
12.           RONALD EDWARD VALENTINE funding of charge accounts;	One Hundred Thousand U.S. Dollars ($100,000.00) each
13.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of funding source of;	Current U.S. Market Value each plus triple damages
14.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of funding source of;	Current U.S. Market Value each plus triple damages
15.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of stockpiles, collections, build-ups, amassment, and accumulations, however small, of Federal Reserve Notes, gold certificates, and silver certificates and any other types and kinds of cash, coin, currency, and money;	Current U.S. Market Value each plus triple damages
16.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of;	Current U.S. Market Value each plus triple damages
17.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of any rents, wages, salaries, and other income, from whatever source derived;	Current U.S. Market Value each plus triple damages
18.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of any land, mineral, water, and air rights;	Current U.S. Market Value each plus triple damages
19.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of any livestock and animals, and any things required for the care, feeding, use, transportation, and husbandry thereof;	Current U.S. Market Value each plus triple damages
20.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of RONALD EDWARD VALENTINE email address, and any of RONALD EDWARD VALENTINE computers, computer-related equipment and accessories, electronically stored files and data, telephones, electronic equipment, and office equipment and machines;	Current U.S. Market Value each plus triple damages
21.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of RONALD EDWARD VALENTINE books, booklets, pamphlets, treatises, essays, treatments, monographs, stories, written material, libraries, plays, screenplays, lyrics, songs, music;	One Hundred Thousand Dollars U.S. Dollars ($100,000.00)
22.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of RONALD EDWARD VALENTINE financial books and records;	One Hundred Thousand Dollars U.S. Dollars ($100,000.00)
23.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of RONALD EDWARD VALENTINE proprietary data and technology, inventions, royalties, and good will;	Current U.S. Market Value each plus triple damages
24.           RONALD EDWARD VALENTINE Entitlement or transfer or assignment rights of RONALD EDWARD VALENTINE records, diaries, journals, photographs, negatives, transparencies, images, video footage, film footage, drawings, sound records, audio tapes, video tapes, and computer production and storage facility of any kind;	Ten Thousand U.S. Dollars ($10,000.00)
25.           Entitlement rights of RONALD EDWARD VALENTINE fingerprints, footprints, palm prints, thumbprints, RNA materials, DNA materials, blood and blood fractions, biopsies, surgically removed tissue, body parts, organs, hair, teeth, nails, semen, urine, other bodily fluids and matter, voice-print, retinal image, and the descriptions thereof, and any other corporal identification factors, and said factors’ physical counterparts, in any form, and any records, record numbers, and information pertaining thereto, RONALD EDWARD VALENTINE  or any and all derivatives and variations in the spelling of said name;	Fifty Thousand U.S. Dollars ($50,000.00)
RONALD EDWARD VALENTINE Entitlement rights of biometrics data, records, information, and processes not elsewhere described, the use thereof, and the use of the information contained therein, pertaining thereto, and otherwise;	Fifty Thousand U.S. Dollars ($50,000.00)
RONALD EDWARD VALENTINE rights of accessing and using utilities upon payment of the same unit costs as the comparable units of usage offered for the benefit of most-favored customers, including cable, electricity, garbage, gas, internet, satellite, sewer, telephone, water, Internet, email, and any other methods of communication, energy transmission, and food and water distribution;	Five Thousand U.S. Dollars ($5,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE by violator per occurrence
26.           RONALD EDWARD VALENTINE Entitlement rights of bartering, buying, contracting, selling, and trading ideas, products, services, and work;	Five Thousand U.S. Dollars ($5,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE by violator per occurrence
27.           RONALD EDWARD VALENTINE Entitlement rights of money, medium of exchange, coinage, barter, economic exchange, bookkeeping, record-keeping, and the like;	Current U.S. Market Value each plus triple damages
28.           RONALD EDWARD VALENTINE Entitlement rights of marrying and procreating children, and rearing, educating, training, guiding, and spiritually enlightening any such children, without any requirement for applying for, and without obligation for obtaining, any license, number, serial number, permit, certificate, permission, and the like, of any kind whatsoever;	Five Thousand U.S. Dollars ($5,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE by violator per occurrence
29.           RONALD EDWARD VALENTINE Entitlement rights of buying, selling, trading, gathering, growing, hunting, raising, and trapping food, fiber, and raw materials for shelter, clothing, and survival;	Five Thousand U.S. Dollars ($5,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE   by violator per occurrence
30.           RONALD EDWARD VALENTINE Entitlement rights of freedom of religion, worship, use of sacraments, spiritual practice, and expression without any abridgment of freedom of speech, publishing, peaceable assembly, and petitioning the Government for a redress of grievances, and also petitioning any military force of the United States, as well as any other group, agency, and organization, and otherwise for physical protection from threats involving the safety and integrity of the person, as well as any property, of Secured Party from any source, both “public” and “private”;	One Million Dollars ($1,000,000.00)
31.           RONALD EDWARD VALENTINE Entitlement rights of keeping and bearing arms for self-defense of self, family, and parties requesting physical protection of person and property;	Five Thousand U.S. Dollars ($5,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE    by violator per occurrence
32.           RONALD EDWARD VALENTINE Entitlement rights of privacy and security in person, property, papers, effects, private intrusion, kidnapping, entry, seizure, search, surveillance, trespass, assault, summons, and warrant of RONALD EDWARD VALENTINE.	Ten Thousand U.S. Dollars ($10,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE   by violator per occurrence
33.           RONALD EDWARD VALENTINE Entitlement rights of claims of ownership and certificates of title involving corporeal and incorporeal hereditaments, hereditary succession, and any innate aspects of being, i.e. mind, body, soul, free will, faculties, and self;	Current U.S. Market Value each plus triple damages
34.           RONALD EDWARD VALENTINE Entitlement rights of any corporation sole(s) executed and filed, as well as might be executed and filed, under any or any herein stated said names;	Current U.S. Market Value each plus triple damages
35.           RONALD EDWARD VALENTINE documents purportedly evidencing, construing, deemed as proving, regarded as confirming, and the like, minimal contact with this STATE of CALIFORNIA 91601;	Ten Thousand U.S. Dollars ($10,000.00) and a tort claim in favor of RONALD EDWARD VALENTINE   by violator per occurrence
36.           RONALD EDWARD VALENTINE Entitlement rights of accounts, deposits, escrow accounts, lotteries, overpayments, prepayments, prizes, rebates, refunds, returns, claimed and unclaimed funds, and any records and records numbers, correspondence, and information pertaining thereto, as well as any such items construed as being derived there-from;	Current U.S. Market Value each plus triple damages
37.           RONALD EDWARD VALENTINE Entitlement rights of agriculture, and any equipment, inventories, supplies, contracts, and accoutrements involved in the planting, tilling, harvesting, processing, preservation, and storage of any products of agriculture;	Current U.S. Market Value each plus triple damages
38.           RONALD EDWARD VALENTINE Entitlement rights of computers and computer systems and each piece of the information contained therein, as well as any ancillary equipment, printers, and data compression and encryption devices and processes;	Ten Thousand U.S. Dollars ($10,000.00) plus current U.S. Market Value each plus triple damages
39.           RONALD EDWARD VALENTINE Entitlement rights of medical, dental, optical, prescription, and insurance records, records numbers, and information contained in any such records;	One Hundred Thousand U.S. Dollars ($100,000.00) per occurrence
40.           RONALD EDWARD VALENTINE Entitlement rights of RONALD EDWARD VALENTINE;	Current U.S. Market Value each plus triple damages
41.           RONALD EDWARD VALENTINE Entitlement rights of inheritance as well as any inheritances as might be received;	Current U.S. Market Value each plus triple damages
42.           RONALD EDWARD VALENTINE Entitlement rights of RONALD EDWARD VALENTINE packages, parcels, envelopes, and labels of any kind whatsoever;	Ten Thousand U.S. Dollars ($10,000.00) and a claim of mail fraud in favor of RONALD EDWARD VALENTINE by violator per occurrence
43.           RONALD EDWARD VALENTINE Entitlement rights of RONALD EDWARD VALENTINE email addresses, Internet URLs, Internet web sites, Internet domain names, and Internet Service Provider accounts specifically;	Ten Thousand U.S. Dollars ($10,000,000.00)
44.           Every item of RONALD EDWARD VALENTINE property itemized or described herein above in “Amount of Security Interest” under “Words Defined; Glossary of Terms”;	Current U.S. Market Value each plus triple damages
45.           Any item of property of RONALD EDWARD VALENTINE not specifically listed, named, specified by make, model, serial number, account number, etc., and is expressly herewith included as an item of Collateral of RONALD EDWARD VALENTINE. All Property and Collateral acquired by non- consensual means is replevin unto Ronald Edward Valentine.	Current U.S. Market Value each plus triple damages

In addition, the word “Collateral” includes but is not limited by any of the following: 

a.              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;

c.              Any accounts, general intangibles, instruments, monies, payments, or contract rights, or any other rights, arising out of sale, lease, or other disposition of any of the property described in this Collateral section;

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;

e.              Any records or data involving any property described in Collateral section, not limited by any writing, photographs, microfilm, microfiche, tape, electronic media, or the like, together with any of Debtor’s right, title, or interest in any computer software or hardware required for utilizing, creating, maintaining, and processing any such records or data in any electronic media.

This Security Agreement includes and encompasses any Controlling Creditor or Security Entitlement rights, issuance, rights, legal title, equitable title or any interest in property described in but not limited by Collateral section.   

Authorized Representative.  Debtor hereby assigns Secured Party unto: 

a.              Signing, harmless of any liability, Debtor’s 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 or endorsing any claim or instrument or receipt or checks or drafts or warrants issued for and made payable in favor of Debtor;  

d.              Settling any compromise or any claims in Debtor or in any Collateral; 

(e)      Filing any claim or any action or instituting any proceeding in the name of Secured Party or Debtor. Secured Party may also receive or open or dispose of mail indicating any alleged address of Debtor or change any address concerning any mail or payments.  Assignment or Authorization is given as security for the indebtedness or the authority and remains in full force and effect until renounced by Secured Party solely.

Perfection of Security Interest.  

Filing of Financing Statement.  

a.              Debtor by means of possession or control or attachment authorizes and assigns Secured Party any rights in filing financing statements or continuing financing statements describing property or collateral including but not limited by filing any agricultural liens or other statutory liens against Debtor held by Secured Party; 

b.              Debtor assigns and authorizes authentication of financing statements or execution of any action reasonable by Secured Party for perfecting and continuing Secured Party’s security interest in collateral and also consents and agrees as follows: 

i.                  Secured Party may file carbon or photographic or any other type of reproduction of any herein-authorized financing statement or Security Agreement for use as a financing statement; and 

              ii.Secured Party is held harmless in taking any steps necessary by preservation of any third-party rights in the property or collateral NOTE: Perfecting or filing a U.C.C. Financing Statement does not affect enforcement rights of Secured Party. Security agreement constitutes enforcement rights of SPC by means of assignment of attachment, possession or control rights. See UCC § 9-607.

Obligations of Debtor.

Perfection of Security Interest.  Debtor may execute such financing statements and take any actions are requested by Secured Party in perfecting and continuing Secured Party’s security interest in the Collateral.  Secured Party may at any time file any type of reproduction of this Security Agreement for use as a perfected financing statement.  Secured Party is held harmless in taking any steps necessary in securing priority over any rights of any third parties in Collateral. This is a continuing Security Agreement and continues in effect through any part of the Indebtedness, and may be paid/satisfied in full notwithstanding the fact that a period of time may pass in which Debtor incurs no indebtedness in favor of Secured Party.

Event of Default.  Each of the following constitutes an event of default under this Security Agreement:

Insolvency.  The insolvency of Debtor, the appointment of a receiver for any part of Debtor’s property, or any assignment for the benefit of a third-party creditor or the commencement of any proceedings under any set of laws, not limited by bankruptcy or insolvency law, by Debtor, or against Debtor.

Creditor Proceedings.  Commencement of foreclosure by judicial proceeding, self-help, repossession, or any method by any third-party creditor of Debtor against any item of Collateral securing any indebtedness or subject in this Security Agreement.  

Other Defaults.  Failure in compliance with Debtor in any term(s), obligation, covenant, condition, or the like, contained in (a) the written, express, Private Agreement No. REV-0001, dated October 8, 2019, between the Debtor, RONALD EDWARD VALENTINE, or any derivatives or variations in the spelling of said name except “Ronald Edward Valentine ” and the Secured Party, Ronald Edward Valentine,  (b) this Security Agreement, or (c) any related document, as well as any other agreement or contract between Debtor and Secured Party.

Rights and Remedies in Event of Default.  In event of default under this Security Agreement Secured Party shall have all rights of a Secured Party in commerce re Debtor.  Without limitation, Secured Party may exercise any number of the following enforcement rights and remedies:

Sell the Collateral.  Secured Party possesses full power for selling, leasing, transferring, and otherwise dealing with the Collateral and proceeds thereof in the name of both Secured Party and Debtor.  Secured Party may sell the Collateral in any manner and at any place, such as at public auction, private sale, and otherwise without further notice.  Any expenses involving the disposition of the Collateral, including without limitation the expenses of holding, insuring, preparing for sale, and selling the Collateral, become part of the Indebtedness secured by this Security Agreement and are payable to Secured Party on demand.

Appoint Receiver.  In accordance with the requirements and options permitted by applicable law, Secured Party possesses the following rights and remedies regarding the appointment of a receiver: (a) Secured Party may have a receiver appointed as a matter of right; (b) the receiver may be an employee of Secured Party and may serve without bond, and (c) any fees of the receiver and any attorney of the receiver become part of the Indebtedness secured by this Security Agreement and are payable on demand, with interest at the Note rate, unless payment of interest at that rate is not permitted by applicable law, in which event such expenses shall bear interest at the highest rate permitted by applicable law from the date of expenditure until repaid.

Collect Revenues, Apply Accounts.  Secured Party, both in Secured Party’s personal capacity and through a receiver, may collect the payments, rents, incomes, and revenues from the Collateral.  Secured Party may at any time, at the sole discretion of Secured Party, transfer any Collateral into the name of Secured Party as well as into the name of any nominee of Secured Party, and receive the payments, rents, incomes, and revenues there-from, and may hold the same as security for the Indebtedness, apply payments in favor of the Indebtedness in an order of preference that Secured Party may determine.  Insofar as the Collateral consists of accounts, general intangibles, deposit accounts, insurance policies, instruments, chattel paper, chooses in action, and any similar property, Secured Party may demand, collect, receive, execute receipt for, settle, compromise, adjust, sue for, foreclosure, and realize on the Collateral as Secured Party may determine, concerning both Indebtedness and Collateral and whenever due.

Disposition Rights of Secured Party. Secured Party shall have any rights in any disposition of any of the herein-stated and adequately described collateral for the benefit of the Secured Party as the Secured Party sees fit. 

Obtain Deficiency.  If Secured Party decides in favor of selling any Collateral, Secured Party may obtain a judgment against Debtor for any deficiencies remaining on the Indebtedness that Secured Party might be owed after application of any amounts received from the exercise of the rights provided in this Security Agreement.  Debtor is liable for a deficiency even if the transaction described in this 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 Security Agreement, as well as by any related documents and by any other writing, 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 Debtor under this Security Agreement, after Debtor’s failure of performance, does not affect Secured Party’s right for declaring a default and exercising the remedies thereof.

Other Rights and Remedies.  Secured Party possesses any rights and remedies of a secured creditor under the Uniform Commercial Code, as may be amended upon agreement between the parties.  In addition, Secured Party possesses, and may exercise any and all other rights and remedies available at law, in equity, and otherwise.

Rules of Construction.  In this Security Agreement: (a) neither the use nor the referencing of the 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 “all” includes “any” and the word “any” includes “all,” (d) the word “or” is not exclusive; and (e) words and terms (i) in the singular number include the plural, and in the plural, the singular; and (ii) in the masculine gender include the feminine and neuter.

Miscellaneous Provisions.  The following miscellaneous provisions are a part of this Security Agreement:

Amendments.  This Security Agreement, together with any related documents and endorsements, constitutes the entire understanding and agreement of the parties regarding the matters set forth in this Security Agreement.  This Security Agreement may neither be changed nor modified in any manner whatsoever unless said change/modification is agreed upon by Secured Party in writing and signed by Debtor and Secured Party.

Further Assurances.  Upon reasonable request by Secured Party, Debtor consents and agrees that Debtor will execute any further documents and take any further actions requested by Secured Party that augment any of the following: (a) evidencing the security interest granted herein; (b) perfecting the security interest granted herein; (c) maintaining first priority of the security interest granted herein; (d) effectuating rights herein granted Secured Party by Debtor.

Severability.  In the event that a court of original and general jurisdiction at common law, such as an Article III 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 the 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, invalid, void, unenforceable, and the like, such provision is thereby severed from this Security 

Agreement, but every remaining provision, continues in full force and effect and may not be affected by such determination.  If feasible, any such offending provision is deemed modified for inclusion within the limits of enforceability and validity.  In the event that the offending provision cannot be so modified, said offending provision is thereby stricken and any other provisions of this Security Agreement in any other respects remain valid and enforceable by Secured Party.

Waiver.  Secured Party may not be construed as waiving any rights under this Security Agreement unless such waiver is given in writing and signed by Secured Party.  Neither delay nor omission on the part of Secured Party in exercising any right may operate as a waiver neither of such right nor of any other right.  A waiver by Secured Party of a provision of this Security Agreement neither prejudices, nor constitutes a waiver of, Secured Party’s right for otherwise demanding strict compliance with that provision, and any other provision, of this Security Agreement.  Neither prior waiver by Secured Party, nor any course of dealing between Secured Party and Debtor, may constitute a waiver of any of Secured Party’s rights, nor of any of Debtor’s obligations re any future transactions.  Whenever the consent of Secured Party is required under this Security Agreement, the granting of such consent by Secured Party in any instance may not be construed as constituting continuing consent for subsequent instances where such consent is required and in any cases such consent may be granted and withheld in the sole discretion of Secured Party.

This Security Agreement is not dischargeable in bankruptcy court.  Secured Party is Entitlement holder of any negotiable instrument referencing, bearing upon, and deriving from any property and Collateral referenced herein.  Debtor acknowledges that Collateral is exempt from levy and a third-party lien.

This Security Agreement herewith expressly includes and encompasses any Security Entitlement right, right, legal title, equitable title, and interest in any property described above in the Collateral section of this Security Agreement.   

This Security Agreement secures any indebtedness and liability whatsoever that Debtor owes in favor of Secured Party.  This security interest also secures any debts that may be owed by Debtor, upon occasion, for the benefit of Secured Party.

Debtor acknowledges, consents, and agrees with all the provisions of this Security Agreement and agrees that Debtor is bound by all terms and conditions as stated herein.  

This Security Agreement is dated: October 8th, 2019

1.     Debtor: RONALD EDWARD VALENTINE                                                    

                                                                                                                       

2.              Entitlement Holder or Secured Party accepts Debtor’s signature in accord with U.C.C. §§ 1-201(39), 3-401 and accepts for value this Security Agreement and any of Debtor’s herein above- described/itemized Collateral.

________________________________ 

  

^{Entitlement Holder or Secured Party’s Signature : _________________________________________________}