Document:

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                                                                    Exhibit 4.48

Prepared By and Return to:
Gary N. Strohauer, Esquire
Baxter, Strohauer & Mannion, P.A.
1150 Cleveland St., Suite 300
Clearwater, FL 33755

                         COMMERCIAL SECURITY AGREEMENT

Borrower:  PODS, Inc.                   Lender: First National Bank of Florida
           6061 45th Street North               1150 Cleveland Street
           St. Petersburg, FL 33714             Clearwater, FL 33755

THIS COMMERCIAL SECURITY AGREEMENT IS ENTERED INTO BETWEEN PODS, INC. (REFERRED
TO BELOW AS "GRANTOR"); AND FIRST NATIONAL BANK OF FLORIDA (REFERRED TO BELOW
AS "LENDER"). FOR VALUABLE CONSIDERATION, GRANTOR GRANTS TO LENDER A SECURITY
INTEREST IN THE COLLATERAL TO SECURE THE INDEBTEDNESS AND AGREES THAT LENDER
SHALL HAVE THE RIGHTS STATED IN THIS AGREEMENT WITH RESPECT TO THE COLLATERAL,
IN ADDITION TO ALL OTHER RIGHTS WHICH LENDER MAY HAVE BY LAW.

DEFINITIONS. The following words shall have the following meanings when used in
this Agreement. Terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code. All
references to dollar amounts shall mean amounts in lawful money of the United
States of America.

         AGREEMENT. The word "Agreement" means this Commercial Security
         Agreement, as this Commercial Security Agreement may be amended or
         modified from time to time, together with all exhibits and schedules
         attached to this Commercial Security Agreement from time to time.

         COLLATERAL. The word "Collateral" means the following described
         property of Grantor, whether now owned or hereafter acquired, whether
         now existing or hereafter arising, and wherever located:

         ALL PROPERTY DESCRIBED ON EXHIBIT "A"

The subject collateral secures the payment of all of the notes described on
Exhibit "B".

In addition, the word "Collateral" includes all the following, whether now
owned or hereafter acquired, whether now existing or hereafter arising, and
wherever located:

         (a)      All attachments, accessions, accessories, tools, parts,
         supplies, increases, and additions to and all replacements of and
         substitutions for any property described above.

         (b)      All products and produce of any of the property described in
         this Collateral section.

         (c)      All accounts, general intangibles, instruments, rents,
         monies, payments, and all other rights, arising out of a sale, or other
         disposition of any of the property described in this Collateral
         section.

         (d)      All proceeds (including insurance proceeds) from the sale,
         destruction, loss, or other disposition of any of the property
         described in this Collateral section.

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         (e)      All records and data relating to any of the property
         described in this Collateral section, whether in the form of a
         writing, photograph, microfilm, microfiche, or electronic media,
         together with all of Grantor's right, title, and interest in and to
         all computer software required to utilize, create, maintain, and
         process any such records or date on electronic media.

         (f)      Full rights to use in commerce without charge or royalty the
         collateral for its intended purpose(s) without regard to any and all
         patent, proprietary and/or intellectual property rights of Grantor or
         any other person or entity.

         EVENT OF DEFAULT. The words "Event of Default" mean and include
         without limitation any of the Events of Default set forth below in the
         section titled "Events of Default."

         GRANTOR. The word "Grantor" means PODS, Inc., its successor and
         assigns.

         GUARANTOR. The word "Guarantor" means and includes without limitation
         each and all of the Guarantors, sureties, and accommodation parties in
         connection with the indebtedness.

         INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced
         by the Notes attached hereto as Exhibit "B", including all principal
         and interest, together with all other indebtedness and costs and
         expenses for which Grantor is responsible under this Agreement or under
         any of the Related Documents.

         LENDER. The word "Lender" means First National Bank of Florida, its
         successors and assigns.

         RELATED DOCUMENTS. The words "Related Documents" mean and include
         without limitation all promissory notes, credit agreements, loan
         agreements, environmental agreements, guaranties, security agreements,
         mortgages, deeds of trust, and all other instruments, agreements and
         documents, whether now or hereafter existing, executed in connection
         with the Indebtedness.

RIGHT OF SETOFF. Grantor hereby grants Lender a contractual security interest
in and hereby assigns, conveys, delivers, pledges, and transfers all of
Grantor's right, title and interest in and to Grantor's accounts with Lender
(whether checking, savings, or some other account), including all accounts held
jointly with someone else and all accounts Grantor may open in the future,
excluding, however, all IRA and Keogh accounts, and all trust accounts for
which the grant of a security interest would be prohibited by law. Grantor
authorizes Lender, to the extent permitted by applicable law, to charge or
setoff all Indebtedness against any and all such accounts.

OBLIGATIONS OF GRANTOR. Grantor warrants and covenants to Lender as follows:

         Perfection of Security Interest Grantor agrees to execute such
         financing statements and to take whatever other actions are requested
         by Lender to perfect and continue Lender's security interest in the
         Collateral. Upon request of Lender, Grantor will deliver to Lender any
         and all of the documents evidencing or constituting the Collateral,
         and Grantor will note Lender's interest upon any and all chattel paper
         if not delivered to Lender for possession by Lender. Grantor hereby
         appoints Lender as its irrevocable attorney-in-fact for the purpose of
         executing any documents necessary to perfect or to continue the
         security interest granted in this Agreement. Lender may at any time,
         and without further authorization from Grantor, file a carbon,
         photographic or other reproduction of any financing statement or of
         this Agreement for use as a financing statement. Grantor will
         reimburse Lender for all expenses for the perfection and the
         continuation of the perfection of Lender's security interest in the
         Collateral. Grantor promptly will notify Lender before any change in
         Grantor's name including any change to the assumed business names of
         Grantor.

         NO VIOLATION. The execution and delivery of this Agreement will not
         violate any law or agreement governing

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         Grantor or to which Grantor is a party, and its certificate or
         articles of incorporation and bylaws do not prohibit any term or
         condition of this Agreement.

         ENFORCEABILITY OF COLLATERAL. To the extent the Collateral consists of
         accounts, chattel paper, or general intangibles, the Collateral is
         enforceable in accordance with its terms, is genuine, and complies with
         applicable laws concerning form, content and manner of preparation and
         execution, and all persons appearing to be obligated on the Collateral
         have authority and capacity to contract and we in fact obligated as
         they appear to be on the Collateral.

         REMOVAL OF COLLATERAL. Grantor shall keep the Collateral (or to the
         extent the Collateral consists of intangible property such as
         accounts, the records concerning the Collateral) at Grantor's address
         shown above, or at such other locations within the State of Florida as
         are acceptable Lender. Lender acknowledges that Grantor will lease the
         collateral to customers in the ordinary course of its business and
         that some or all of the collateral shall be maintained on property of
         the customer.

         TRANSACTIONS INVOLVING COLLATERAL. Grantor shall not sell, offer to
         sell, or otherwise transfer or dispose of the Collateral. Grantor shall
         not pledge, mortgage, encumber or otherwise permit the Collateral to
         be subject to any lien, security interest, encumbrance, or charge,
         other than the security interest provided for in this Agreement and
         the lease of the collateral to customers in the ordinary course of
         Grantor's business, without the prior written consent of Lender. This
         includes security interests even if junior in right to the security
         interests granted under this Agreement. Unless waived by Lender, all
         proceeds from any disposition of the Collateral (for whatever reason)
         shall be held in trust for Lender and shall not be commingled with any
         other funds; provided however, this requirement shall not constitute
         consent by Lender to any sale or other disposition. Upon receipt,
         Grantor shall immediately deliver any such proceeds to Lender.

         TITLE. Grantor represents and warrants to Lender that it holds good
         and marketable tide to the Collateral, free and clear of all liens and
         encumbrances except for the lien of this Agreement and possessory
         right of customers in the ordinary course of Grantor's business. No
         financing statement covering any of the Collateral is on file in any
         public office other than those which reflect the security interest
         created by this Agreement or to which Lender has specifically
         consented. Grantor shall defend Lender's rights in the Collateral
         against the claims and demands of all other persons.

         COLLATERAL SCHEDULES AND LOCATIONS. Grantor shall deliver to Lender, as
         often as Lender shall require, such lists, descriptions, and
         designations of such Collateral as Lender may require to identify the
         nature, extent, and location of such Collateral.

         MAINTENANCE, INSPECTION AND AUDIT OF COLLATERAL. Grantor shall
         maintain all tangible Collateral in good condition and repair. Grantor
         will not commit or permit damage to or destruction of the Collateral
         or any part of the Collateral. Lender and its designated
         representatives and agents shall have the right at all reasonable times
         to examine, inspect, and audit the Collateral wherever located.
         Grantor shall immediately notify Lender of all cases involving the
         return, rejection, repossession, loss or damage of or to any
         Collateral; of any request for credit or adjustment or of any other
         dispute arising with respect to the Collateral; and generally of all
         happenings and events affecting the Collateral or the value or the
         amount of the Collateral. Regarding Collateral, it is anticipated that
         Lender will be relying upon certificates received from Grantor and the
         authenticity of all documents supplied to it. Grantor shall permit
         employees or agents of Lender at any reasonable time to inspect any
         and all Collateral for the Loan and to examine or audit Grantor's
         books, accounts, and records and to make copies and memoranda of
         Grantor's books, accounts, and records. If Grantor now or at any time
         hereafter maintains any records (including without limitation computer
         generated records and computer software programs for the generation of
         such records) in the possession of a third party, Grantor, upon
         request of Lender, shall notify such party to permit Lender free
         access to such records at all reasonable times and to provide

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         Lender with copies of any records it may request, all at Grantor's
         expense. The Collateral shall at all times be maintained within the
         State of Florida and Grantor upon request shall supply to Lender the
         exact location of each item of Collateral.

         TAXES, ASSESSMENTS AND LIENS. Grantor will pay when due all taxes,
         assessments and liens upon the Collateral, its use or operation, upon
         this Agreement, upon any promissory note or notes evidencing the
         Indebtedness, or upon any of the other Related Documents. Grantor may
         withhold any such payment or may elect to contest any lien if Grantor
         is in good faith conducting an appropriate proceeding to contest the
         obligation to pay and so long as Lender's interest in the Collateral
         is not jeopardized in Lender's opinion. If the Collateral is subjected
         to a lien which is not discharged within fifteen (15) days, Grantor
         shall deposit with Lender cash, a sufficient corporate surety bond or
         other security satisfactory to Lender in an amount adequate to provide
         for the discharge of the lien plus any interest, costs, reasonable
         attorneys' fees or other charges that could accrue as a result of
         foreclosure or sale of the Collateral. In any contest Grantor shall
         defend itself and Lender and shall satisfy any final adverse judgment
         against the Collateral. Grantor shall name Lender as an additional
         obligee under any surety bond furnished in the contest proceedings.

         COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Grantor shall comply
         promptly with all laws, ordinances, rules and regulations of all
         governmental authorities, now or hereafter in effect, applicable to
         the ownership, production, disposition, or use of the Collateral.
         Grantor may contest in good faith any such law, ordinance or
         regulation and withhold compliance during any proceeding, including
         appropriate appeals, so long as Lender's interest in the Collateral,
         in Lender's opinion, is not jeopardized.

         HAZARDOUS SUBSTANCES. Grantor represents and warrants that the
         Collateral never has been, and never will be so long as this Agreement
         remains a lien on the Collateral, used for the generation,
         manufacture, storage, transportation, treatment, disposal, release or
         threatened release of any hazardous waste or substance, as those terms
         are defined in the Comprehensive Environmental Response, Compensation,
         and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, at seq.
         ("CERCLA"), the Superfund Amendments and Reauthorization Act of 1986,
         Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transportation
         Act, 49 U.S.C. Section 1801, et seq., the Resource Conservation and
         Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable
         state or Federal laws, rules, or regulations adopted pursuant to any
         of the foregoing. The terms "hazardous waste" and "hazardous
         substance" shall also include, without limitation, petroleum and
         petroleum by-products or any fraction thereof and asbestos. The
         representations and warranties contained herein are based on Grantor's
         due diligence in investigating the Collateral for hazardous wastes and
         substances. Grantor hereby (a) releases and waives any future claim
         against Lender for indemnity or contribution in the event Grantor
         becomes liable for cleanup or other costs under any such laws, and (b)
         agrees to indemnify and hold harmless Lender against any and all
         claims and losses resulting from a breach of this provision of this
         Agreement. This obligation to indemnify shall survive the payment of
         the indebtedness and the satisfaction of this Agreement.

         MAINTENANCE OF CASUALTY INSURANCE. Grantor shall procure and maintain
         all risks insurance, including without limitation fire, theft and
         liability coverage together with such other insurance as Lender may
         require with respect to the Collateral, in form, amounts, coverages
         and basis reasonably acceptable to Lender and issued by a company or
         companies reasonably acceptable to Lender. Grantor, upon request of
         Lender, will deliver to Lender from time to time the policies or
         certificates of insurance in form satisfactory to Lender, including
         stipulations that coverages will not be canceled or diminished without
         at least ten (10) days' prior written notice to Lender and not
         including any disclaimer of the insurer's liability for failure to
         give such a notice. Each insurance policy also shall include an
         endorsement providing that coverage in favor of Lender will not be
         impaired in any way by any act, omission or default of Grantor or any
         other person. In connection with all policies covering assets in which
         Lender holds or is offered a security interest, Grantor will provide
         Lender with such loss payable or other endorsements as Lender may
         require. If Grantor at any time fails to obtain or maintain any
         insurance as

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         required under this Agreement, Lender may (but shall not be obligated
         to) obtain such insurance as Lender deems appropriate, including if it
         so chooses "single interest insurance," which will cover only Lender's
         interest in the Collateral.

         APPLICATION OF INSURANCE PROCEEDS. Grantor shall promptly notify
         Lender of any loss or damage to the Collateral. Lender may make proof
         of loss if Grantor falls to do so within fifteen (15) days of the
         casualty. All proceeds of any insurance on the Collateral, including
         accrued proceeds thereon, shall be held by Lender as part of the
         Collateral. If Lender consents to repair or replacement of the damaged
         or destroyed Collateral, Lender shall, upon satisfactory proof of
         expenditure, pay or reimburse Grantor from the proceeds for the
         reasonable cost of repair or restoration. If Lender does not consent
         to repair or replacement of the Collateral, Lender shall retain a
         sufficient amount of the proceeds to pay all of the Indebtedness, and
         shall pay the balance to Grantor. Any proceeds which have not been
         disbursed within six (6) months after their receipt and which Grantor
         has not committed to the repair or restoration of the Collateral shall
         be used to prepay the Indebtedness.

         INSURANCE RESERVES. Lender may require Grantor to maintain with Lender
         reserves for payment of insurance premiums, which reserves shall be
         created by monthly payments from Grantor of a sum estimated by Lender
         to be sufficient to produce, at least fifteen (15) days before the
         premium due date, amounts at least equal to the insurance premiums to
         be paid. If fifteen (15) days before payment is due, the reserve funds
         are insufficient, Grantor shall upon demand pay any deficiency to
         Lender. The reserve funds shall be held by Lender as a general deposit
         and shall constitute a non-interest-bearing account which Lender may
         satisfy by payment of the insurance premiums required to be paid by
         Grantor as they become due. Lender does not hold the reserve funds in
         trust for Grantor, and Lender is not the agent of Grantor for payment
         of the insurance premiums required to be paid by Grantor. The
         responsibility for the payment of premiums shall remain Grantor's sole
         responsibility.

         INSURANCE REPORTS. Grantor, upon request of Lender, shall furnish to
         Lender reports on each existing policy of insurance showing such
         information as Lender may reasonably request including the following:
         (a) the name of the insurer; (b) the risks insured; (c) the amount of
         the policy; (d) the property insured; (e) the then current value on
         the basis of which insurance has been obtained and the manner of
         determining that value; and (f) the expiration date of the policy. In
         addition, Grantor shall upon request by Lender (however not more often
         than annually) have an independent appraiser satisfactory to Lender
         determine, as applicable, the cash value or replacement cost of the
         Collateral.

GRANTOR'S RIGHT TO POSSESSION. Until default, Grantor may have possession of
the tangible personal property and beneficial use of all the Collateral and may
use it in any lawful manner not inconsistent with this Agreement or the Related
Documents, provided that Grantor's right to possession and beneficial use shall
not apply to any Collateral where possession of the Collateral by Lender is
required by law to perfect Lender's security interest in such Collateral. If
Lender at any time has possession of any Collateral, whether before or after an
Event of Default, Lender shall be deemed to have exercised reasonable care in
the custody and preservation of the Collateral if Lender takes such action for
that purpose as Grantor shall request or as Lender, in Lender's sole
discretion, shall deem appropriate under the circumstances, but failure to
honor any request by Grantor shall not of itself be deemed to be a failure to
exercise reasonable care. Lender shall not be required to take any steps
necessary to preserve any rights in the Collateral against prior parties, nor
to protect, preserve or maintain any security interest given to secure the
Indebtedness.

EXPENDITURES BY LENDER. If not discharged or paid when due, Lender may (but
shall not be obligated to) discharge or pay any amounts required to be
discharged or paid by Grantor under this Agreement, including without
limitation all taxes, liens, security interests, encumbrances, and other
claims, at any time levied or placed on the Collateral. Lender also may (but
shall not be obligated to) pay all costs for insuring, maintaining and
preserving the Collateral. All such expenditures incurred or paid by Lender for
such purposes will then bear interest at the rate charged

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under the Note from the date incurred or paid by Lender to the date of
repayment by Grantor. All such expenses shall become a part of the Indebtedness
and, at Lenders option, will (a) be payable on demand, (b) be added to the
balance of the Note and be apportioned among and be payable with any
installment payments to become due during either (i) the term of any applicable
insurance policy or (ii) the remaining term of the Note, or (c) be treated as a
balloon payment which will be due and payable at the Note's maturity. This
Agreement also will secure payment of these amounts. Such right shall be in
addition to all other rights and remedies to which Lender may be entitled upon
the occurrence of an Event of Default.

EVENTS OF DEFAULT. Each of the following shall constitute an Event of Default
under this Agreement:

DEFAULT ON INDEBTEDNESS. Failure of Grantor to make any payment when due on the
Indebtedness or any portion thereof.

         OTHER DEFAULTS. Failure of Grantor to comply with or to perform any
         other term, obligation, covenant or condition contained in this
         Agreement or in any of the Related Documents or in any other agreement
         between Lender and Grantor.

         DEFAULT IN FAVOR OF THIRD PARTIES. Should Borrower or any Grantor
         default under any loan extension of credit, security agreement,
         purchase or sales agreement, or any other agreement, in favor of any
         other creditor or person that may materially affect any of Borrower's
         property or Borrower's or any Grantor's ability to repay the Loans or
         perform their respective obligations under this Agreement or any of
         the Related Documents.

         FALSE STATEMENTS. Any warranty, representation or statement made or
         furnished to Lender by or on behalf of Grantor under this Agreement,
         the Note or the Related Documents is false or misleading in any
         material respect, either now or at the time made or furnished.

         DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related
         Documents ceases to be in full force and effect (including failure of
         any collateral documents to create a valid and perfected security
         interest or lien) at any time and for any reason.

         INSOLVENCY. The dissolution or termination of Grantor's existence as a
         going business, the insolvency of Grantor, the appointment of a
         receiver for any part of Grantor's property, any assignment for the
         benefit of creditors, any type of creditor workout, or the
         commencement of any proceeding under any bankruptcy or insolvency laws
         by or against Grantor.

         CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
         forfeiture proceedings, whether by judicial proceeding, self-help,
         repossession or any other method, by any creditor of Grantor or by any
         governmental agency against the Collateral or any other collateral
         securing the Indebtedness. This includes a garnishment of any of
         Grantor's deposit accounts with Lender.

         ADVERSE CHANGE. A material adverse change occurs in Grantor's
         financial condition, or Lender believes the prospect of payment or
         performance of the Indebtedness is impaired.

         EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
         respect to any Guarantor of any of the Indebtedness or such Guarantor
         dies or becomes incompetent or revokes or disputes the validity of or
         liability under any guaranty of the Indebtedness.

         DEFAULT OF GUARANTORS. Failure of the named Guarantors, to fully
         comply with each and every representation, warranty and provision of
         the Guaranty agreements.

         INSECURITY. Lender, in good faith, deems itself insecure.

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RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this
Agreement, at any time thereafter, Lender shall have all the rights of a
secured party under the Florida Uniform Commercial Code. In addition and
without limitation, Lender may exercise any one or more of to following rights
and remedies:

         ACCELERATE, INDEBTEDNESS. Lender may declare the entire Indebtedness,
         including any prepayment penalty which Grantor would be required to
         pay immediately due and payable, without notice.

         ASSEMBLE COLLATERAL. Lender may require Grantor to deliver to Lender
         all or any portion of the Collateral and any and all certificates of
         title and other documents relating to the Collateral. Lender may
         require Grantor to assemble the Collateral and make it available to
         Lender at a place to be designated by Lender. Lender also shall have
         full power to order upon the property of Grantor to take possession of
         and remove the Collateral. If the Collateral contains other goods not
         covered by this Agreement at the time of repossession, Grantor agrees
         Lender may take such other goods, provided Lender makes reasonable
         efforts to return them to Grantor after repossession.

         SELL THE COLLATERAL. Lender shall have full power to sell, lease,
         transfer, or otherwise deal with the Collateral or proceeds thereof in
         its own name or that of Grantor. Lender may sell the Collateral at
         public auction or private sale. Unless the Collateral threatens to
         decline speedily in value or is of a type customarily sold on a
         recognized market, Lender will give Grantor reasonable notice of the
         time after which any private sale or any other intended disposition of
         the Collateral is to be made. The requirements of reasonable notice
         shall be met if such notice is given at least ten (10) days before the
         time of the sale or disposition. All expenses relating to the
         disposition of the Collateral, including without limitation the
         expenses of retaking, holding, insuring, preparing for sale and selling
         the Collateral, shall become a part of the Indebtedness secured by this
         Agreement and shall be payable, on demand, with interest at the Note
         rate from date of expenditure until repaid.

         APPOINT RECEIVER. To the extent permitted by applicable law, Lender
         shall have the following rights and remedies regarding the appointment
         of a receiver: (a) Lender may have a receiver appointed as a matter of
         right, (b) the receiver may be an employee of Lender and may serve
         without bond, and (c) all fees of the receiver and his or her attorney
         shall become part of the Indebtedness secured by this Agreement and
         shall be payable on demand, with interest at the Note rate from date
         of expenditure until repaid.

         COLLECT REVENUES, APPLY ACCOUNTS. Lender, either itself or through a
         receiver, may collect the payments, rents, income, and revenues from
         the Collateral. Lender may at any time in its discretion transfer any
         Collateral into its own name or that of its nominee and receive the
         payments, rents, income, and revenues therefrom and hold the same as
         security for the Indebtedness or apply it to payment of the
         Indebtedness in such order of preference as Lender may determine.
         Insofar as the Collateral consists of accounts, general intangibles,
         insurance policies, instruments, chattel paper, choses in action, or
         similar property, Lender may demand, collect receipt for, settle,
         compromise, adjust, sue for, foreclose, or realize on the Collateral
         as Lender may determine, whether or not Indebtedness or Collateral is
         then due. For these purposes, Lender may, on behalf of and in the name
         of Grantor, receive, open and dispose of mail addressed to Grantor;
         change any address to which mail and payments are to be sent; and
         endorse notes, checks, drafts, money orders, documents of title,
         instruments and items pertaining to payment, shipment or storage of
         any Collateral. To facilitate collection, Lender may notify account
         debtors and obligors on any Collateral to make payments directly to
         Lender.

         OBTAIN DEFICIENCY. If Lender chooses to sell any or all of the
         Collateral, Lender may obtain a judgment against Grantor for any
         deficiency remaining on the Indebtedness due to Lender after
         application of all amounts received from the exercise of the rights
         provided in this Agreement. Grantor shall be liable for a deficiency
         even if the transaction described in this subsection is a sale of
         accounts or chattel paper.

         OTHER RIGHTS AND REMEDIES. Lender shall have all the rights and
         remedies of a secured creditor under the

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         provisions of the Uniform Commercial Code, as may be amended from time
         to time. In addition, Lender shall have and may exercise any or all
         other rights and remedies it may have available at law, in equity, or
         otherwise.

         CUMULATIVE REMEDIES. All of Lender's rights and remedies, whether
         evidenced by this Agreement or the Related Documents or by any other
         writing, shall be cumulative and may be exercised singularly or
         concurrently. Election by Lender to pursue any remedy shall not
         exclude pursuit of any other remedy, and an election to make
         expenditures or to take action to perform an obligation of Grantor
         under this Agreement, after Grantor's failure to perform, shall not
         affect Lender's right to declare a default and to exercise its
         remedies.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Agreement:

         AMENDMENTS. This Agreement, together with any Related Documents,
         constitutes the entire understanding and agreement of the parties as
         to the matter set forth in this Agreement. No alteration of or
         amendment to this Agreement shall be effective unless given in writing
         and signed by the party or parties sought to be charged or bound by
         the alteration or amendment.

         APPLICABLE LAW. This Agreement has been delivered to Lender and
         accepted by Lender in the State of Florida. If there is a lawsuit,
         Grantor agrees upon Lenders request to submit to the jurisdiction of
         the courts of Pinellas County, the State of Florida. Lender and Grantor
         hereby waive any right to a jury trial in any action, proceeding, or
         counterclaim brought by either Lender or Grantor against the other.
         (Initial Here ____) This Agreement shall be governed by and construed
         in accordance with the laws of the State of Florida.

         ATTORNEYS' FEES; EXPENSES. Grantor agrees to pay upon demand all of
         Lender's costs and expenses, including reasonable attorneys' fees and
         Lender's legal expenses, incurred in connection with the enforcement
         of this Agreement. Lender may pay someone else to help enforce this
         Agreement, and Grantor shall pay the costs and expenses of such
         enforcement. Costs and expenses include Lender's reasonable attorneys'
         fees and legal expenses whether or not there is a lawsuit, including
         reasonable attorneys' fees and legal expenses for bankruptcy
         proceedings (and including efforts to modify or vacate any automatic
         stay or injunction), appeals, and any anticipated post-judgment
         collection services. Grantor also shall pay all court costs and such
         additional fees as may be directed by the court.

         CAPTION HEADINGS. Caption headings in this Agreement are for
         convenience purposes only and are not to be used to interpret or
         define the provisions of Agreement.

         NOTICES. All notices required to be given under this Agreement shall
         be given in writing, may be sent by telefacsimile (unless otherwise
         required by law), and shall be effective when actually delivered or
         when deposited with a nationally recognized overnight courier or
         deposited in the United States mail, first class, postage prepaid,
         addressed to the party to whom the notice is to be given at the
         address shown above. Any party may change its address for notices
         under this Agreement by giving formal written notice to the other
         parties, specifying that the purpose of the notice is to change the
         party's address. To the extent permitted by applicable law, if there
         is more than one Grantor, notice to any Grantor will constitute notice
         to all Grantors. For notice purposes, Grantor will keep Lender
         informed at all times of Grantor's current address(es).

         POWER OF ATTORNEY. Grantor hereby appoints Lender as its true and
         lawful attorney-in-fact, irrevocably, with full power of substitution
         to do the following: (a) to demand, collect, receive, receipt for, sue
         and recover all sums of money or other property which may now or
         hereafter become due, owing or payable from the Collateral; (b) to
         execute, sign and endorse any and all claims, receipts, checks, drafts
         or warrants issued in payment for the Collateral; (c) to settle or
         compromise any and all claims arising under the Collateral, and, in
         the place and stead of Grantor, to execute and deliver its release and
         settlement for the claim; and (d) to file any claim or claims or to
         take any action or institute or take part in any proceedings, either
         in its own name or

                                       8
<PAGE>   9

         in the name of Grantor, or otherwise, which in the discretion of
         Lender may seem to be necessary or advisable. This power is given as
         security for the Indebtedness, and the authority hereby conferred is
         and shall be irrevocable and shall remain in full force and effect
         until renounced by Lender.

         SEVERABILITY. If a court of competent jurisdiction finds any provision
         of this Agreement to be invalid or unenforceable as to any person or
         circumstance, such finding shall not render that provision invalid or
         unenforceable as to any other persons or circumstances. If feasible,
         any such offending provision shall be deemed to be modified to be
         within the limits of enforceability or validity; however, if the
         offending provision cannot be so modified, it shall be stricken and
         all other provisions of this Agreement in all other respects shall
         remain valid and enforceable.

         SUCCESSOR INTERESTS. Subject to the limitation set forth above on
         transfer of the Collateral, this Agreement shall be binding upon and
         inure to the benefit of the parties, their successors and assigns.

         WAIVER. Lender shall not be deemed to have waived any rights under
         this Agreement unless such waiver is given in writing and signed by
         Lender. No delay or omission on the part of Lender in exercising any
         right shall operate as a waiver of such right or any other right. A
         waiver by Lender of a provision of this Agreement shall not prejudice
         or constitute a waiver of Lender's right otherwise to demand strict
         compliance with that provision or any other provision of this
         Agreement. No prior waiver by Lender, nor any course of dealing
         between Lender and Grantor, shall constitute a waiver of any of
         Lender's rights or of any of Grantor's obligations as to any future
         transactions. Whenever the consent of Lender is required under this
         Agreement, the granting of such consent by Lender in any instance
         shall not constitute continuing consent to subsequent instances where
         such consent is required and in all cases such consent may be granted
         or withheld in the sole discretion of Lender.

         REPLACEMENT OF PRIOR SECURITY AGREEMENTS. This Commercial Security
         Agreement supercedes, and replaces any and all prior security
         agreements covering the subject collateral.

         GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL
SECURITY AGREEMENT, AND GRANTOR AGREES TO ITS TERMS. THIS AGREEMENT IS DATED
October 18, 2000.

                                           PODS, INC.

/s/ Gary N. Strohauer                      BY: /s/ Peter S. Warhurst
------------------------------------           --------------------------------
Gary N. Strohauer                                  Peter S. Warhurst, President

/s/ Martha M. Denton
------------------------------------
Martha M. Denton

                                           FIRST NATIONAL BANK OF FLORIDA

/s/ Gary N. Strohauer                      BY: /s/ Robert C. George
------------------------------------           --------------------------------
Gary N. Strohauer                                  Robert C. George,
                                                   Chairman of the Board
/s/ Martha M. Denton
------------------------------------
Martha M. Denton

                                       9

<PAGE>   10

STATE OF FLORIDA
COUNTY OF PINELLAS

         The foregoing instrument was acknowledged before me this 18th day of
October, 2000, by PETER S. WARHURST, President of PODS, INC., a Florida
corporation, who is personally known to me or who has produced (personally
known) as identification.

         WITNESS my hand and official seal at Clearwater, State of Florida,
County of Pinellas, the day and year last aforesaid.

                                           /s/ Martha M. Denton
                                          -------------------------------------
                                               Notary Public

My Commission Expires:                               Martha M. Denton
                                             MY COMMISSION #CC798438 EXPIRES
                                                 January 1, 2003
                                          BONDED THRU TROY FAIN INSURANCE, INC.

STATE OF FLORIDA
COUNTY OF PINELLAS

         The foregoing instrument was acknowledged before me this 18th day of
October, 2000, by ROBERT C. GEORGE, Chairman of the Board of FIRST NATIONAL
BANK OF FLORIDA, a National Banking association, who is personally known to me
or who has produced (personally known) as identification.

         WITNESS my hand and official seal at Clearwater, State of Florida,
County of Pinellas, the day and year last aforesaid.

                                           /s/ Martha M. Denton
                                          -------------------------------------
                                               Notary Public

My Commission Expires:                               Martha M. Denton
                                             MY COMMISSION #CC798438 EXPIRES
                                                 January 1, 2003
                                          BONDED THRU TROY FAIN INSURANCE, INC.

                                      10<PAGE>   1
                                                                    Exhibit 4.49

                                PROMISSORY NOTE

<TABLE>
<CAPTION>
PRINCIPAL       LOAN DATE       MATURITY        LOAN NO       CALL      COLLATERAL      ACCOUNT      OFFICER      INITIALS
---------       ---------       --------        -------       ----      ----------      -------      -------      --------
<S>             <C>             <C>             <C>           <C>       <C>             <C>          <C>          <C>
$250,000.00     12-19-2000      12-19-2005      62080753                                62080753

                      References in the shaded area are for Lender's use only and do not limit the
                             applicability of this document to any particular loan or item.
                    Any item above containing ***** has been omitted due to text length limitations.
</TABLE>

BORROWER: PODS, INC.                         LENDER:  PEOPLES BANK
          6061 45th STREET NORTH                      32845 U.S. HWY 19
          ST. PETERSBURG, FL 33714                    PALM HARBOR, FL 34684-3123

================================================================================

<TABLE>
<CAPTION>
<S>                                    <C>                             <C>
PRINCIPAL AMOUNT: $250,000.00          INITIAL RATE: 10.500%           DATE OF NOTE: DECEMBER 19, 2000
</TABLE>

PROMISE TO PAY.  PODS, INC. ("BORROWER") PROMISES TO PAY TO PEOPLES BANK
("LENDER"), OR ORDER, IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA, THE
PRINCIPAL AMOUNT OF TWO HUNDRED FIFTY THOUSAND & 00/100 DOLLARS ($250,000.00),
TOGETHER WITH INTEREST ON THE UNPAID PRINCIPAL BALANCE FROM DECEMBER 19, 2000,
UNTIL PAID IN FULL.

PAYMENT.  SUBJECT TO ANY PAYMENT CHANGES RESULTING FROM CHANGES IN THE INDEX,
BORROWER WILL PAY THIS LOAN IN 60 PAYMENTS OF $5,391.70 EACH PAYMENT. BORROWER'S
FIRST PAYMENT IS DUE JANUARY 19, 2005, AND ALL SUBSEQUENT PAYMENTS ARE DUE ON
THE SAME DAY OF EACH MONTH AFTER THAT. BORROWER'S FINAL PAYMENT WILL BE DUE ON
DECEMBER 19, 2005, AND WILL BE FOR ALL PRINCIPAL AND ALL ACCRUED INTEREST NOT
YET PAID. PAYMENTS INCLUDE PRINCIPAL AND INTEREST. UNLESS OTHERWISE AGREED OR
REQUIRED BY APPLICABLE LAW, PAYMENTS WILL BE APPLIED FIRST TO ACCRUED UNPAID
INTEREST, THEN TO PRINCIPAL, AND ANY REMAINING AMOUNT TO ANY UNPAID COLLECTION
COSTS AND LATE CHARGES. THE ANNUAL INTEREST RATE FOR THIS NOTE IS COMPUTED ON A
365/360 BASIS; THAT IS, BY APPLYING THE RATIO OF THE ANNUAL INTEREST RATE OVER A
YEAR OF 360 DAYS, MULTIPLIED BY THE OUTSTANDING PRINCIPAL BALANCE, MULTIPLIED BY
THE ACTUAL NUMBER OF DAYS THE PRINCIPAL BALANCE IS OUTSTANDING. Borrower will
pay Lender at Lender's address shown above or at such other place as Lender may
designate in writing.

VARIABLE INTEREST RATE.  The interest rate on this Note is subject to change
from time to time based on changes in an Independent Index which is the Wall
Street Journal Prime Rate (the "Index"). The Index is not necessarily the lowest
rate charged by lender on its loans. If the Index becomes unavailable during the
term of this loan, Lender may designate a substitute Index after notice to
Borrower. Lender will tell Borrower the current Index rate upon Borrower's
request. The interest rate change will not occur more often than each day.
Borrower understands that Lender may make loans based on other rates as well.
The Index currently is 9.500% per annum. THE INTEREST RATE TO BE APPLIED TO THE
UNPAID PRINCIPAL BALANCE OF THIS NOTE WILL BE AT A RATE OF 1,000 PERCENTAGE
POINT OVER THE INDEX, RESULTING IN AN INITIAL RATE OF 10.500% PER ANNUM. NOTICE:
Under no circumstances will the effective rate of interest on this Note be more
than the maximum rate allowed by applicable law. Whenever increases occur in the
interest rate, Lender, at its option, may do one or more of the following: (A)
Increase Borrower's payments to ensure Borrower's loan will pay off by its
original final maturity date, (B) Increase Borrower's payments to cover accruing
interest, (C) Increase the number of Borrower's payments, and (D) continue
Borrower's payments at the same amount and Increase Borrower's final payment.

PREPAYMENT.  Borrower may pay without penalty all or a portion of the amount
owed earlier than it is due. Early payments will not, unless agreed to by Lender
in writing, relieve Borrower of Borrower's obligation to continue to make
payments under the payment schedule. Rather, early payments will reduce the
principal balance due and may result in Borrower's making fewer payments.
Borrower agrees not to send Lender payments marked "paid in full", "without
recourse", or similar language. If Borrower sends such a payment, Lender may
accept it without losing any of Lender's rights under this Note, and Borrower
will remain obligated to pay any further amount owed to Lender. All written
communications concerning disputed amounts, including any check or other payment
instrument that indicates that the payment constitutes "payment in full" of the
amount owed or that is tendered with other conditions or limitations or as full
satisfaction of a disputed amount must be mailed or delivered to: Peoples Bank,
32845 U.S. Hwy 19, Palm Harbor, FL 34684-3123.

LATE CHARGE.  If a payment is 10 days or more late, Borrower will be charged
5.000% of the regularly scheduled payment.

INTEREST AFTER DEFAULT.  Upon default, including failure to pay upon final
maturity, Lender, at its option, may, if permitted under applicable law,
increase the variable interest rate on this Note to 18.000% per annum, if and to
the extent that the increase does not cause the interest rate to exceed the
maximum rate permitted by applicable law.

DEFAULT.  Each of the following shall constitute an event of default ("Event of
Default") under this Note:

         PAYMENT DEFAULT. Borrower fails to make any payment when due under this
         Note.

         OTHER DEFAULTS. Borrower fails to comply with or to perform any other
         term, obligation, covenant or condition contained in this Note or in
         any of the related documents or to comply with or to perform any term,
         obligation, covenant or condition contained in any other agreement
         between Lender and Borrower.

         FALSE STATEMENTS. Any warranty, representation or statement made or
         furnished to Lender by Borrower or on Borrower's behalf under this Note
         or the related documents is false or misleading in any material
         respect, either now or at the time made or furnished or becomes false
         or misleading at any time thereafter.

         INSOLVENCY. The dissolution or termination of Borrower's existence as a
         going business, the Insolvency of Borrower, the appointment of a
         receiver for any part of Borrower's property, any assignment for the
         benefit of creditors, any type of creditor workout, or the commencement
         of any proceeding under any bankruptcy or Insolvency laws by or against
         Borrower.

         CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
         forfeiture proceedings, whether by judicial proceeding, self-help,
         repossession or any other method, by any creditor of Borrower or by any
         governmental agency against any collateral securing the loan. This
         includes a garnishment of any of Borrower's accounts, including deposit
         accounts, with Lender. However, this Event of Default shall not apply
         if there is a good faith dispute by Borrower as to the validity or
         reasonableness of the claim which is the basis of the creditor or
         forfeiture proceeding and if Borrower gives Lender written notice of
         the creditor or forfeiture proceeding and deposits with Lender monies
         or a surety bond for the creditor or forfeiture proceeding, in an
         amount determined by Lender, in its solo discretion, as being an
         adequate reserve or bond for the dispute.

         EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
         respect to any Guarantor of any of the Indebtedness or any Guarantor
         dies or becomes incompetent, or revokes or disputes the validity of, or
         liability under, any guaranty of the Indebtedness. In the event of a
         death, Lender, at its option, may, but shall not be required to, permit
         the Guarantor's estate to assume unconditionally the obligations
         arising under the guaranty in a manner satisfactory to Lender, and, in
         doing so, cure any Event of Default.

         CHANGE IN OWNERSHIP. Any change in ownership to twenty-five percent
         (25%) or more of the common stock of Borrower.

         ADVERSE CHANGE. A material adverse change occurs in Borrower's
         financial condition, or Lender believes the prospect of payment or
         performance of this Note is impaired.

         INSECURITY. Lender in good faith believes itself insecure.

         CURE PROVISIONS. If any default, other than a default in payment, is
         curable and if Borrower has not been given a notice of a breach of the
         same
<PAGE>   2
                                PROMISSORY NOTE                           PAGE 2
                                  (CONTINUED)

================================================================================

         provision of this Note within the preceding twelve (12) months, it may
         be cured (and no event of default will have occurred) if Borrower,
         after receiving written notice from Lender demanding cure of such
         default: (1) cures the default within ten (10) days; or (2) if the cure
         requires more than ten (10) days, immediately initiates steps which
         Lender deems in Lender's sole discretion to be sufficient to cure the
         default and thereafter continues and completes all reasonable and
         necessary steps sufficient to produce compliance as soon as reasonably
         practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES.  Lender may hire or pay someone else to help collect
the loan if Borrower does not pay. Borrower will pay Lender the amount of these
costs and expenses, which includes, subject to any limits under applicable law,
Lender's reasonable attorneys' fees and Lender's legal expenses whether or not
there is a lawsuit, including reasonable attorneys' fees and legal expenses for
bankruptcy proceedings (including efforts to modify or vacate any automatic stay
or injunction), and appeals. If not prohibited by applicable law, Borrower also
will pay any court costs, in addition to all other sums provided by law.

JURY WAIVER.  Lender and Borrower hereby waive the right to any jury trial in
any action, proceeding, or counterclaim brought by either Lender or Borrower
against the other.

GOVERNING LAW.  THIS NOTE WILL BE GOVERNED BY, CONSTRUED AND ENFORCED IN
ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF FLORIDA. THIS NOTE HAS
BEEN ACCEPTED BY LENDER IN THE STATE OF FLORIDA.

CHOICE OF VENUE.  If there is a lawsuit, Borrower agrees upon Lender's request
to submit to the jurisdiction of the courts of Pinellas County, State of
Florida.

RIGHT OF SETOFF.  To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
indebtedness against any and all such accounts.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs, personal representatives, successors and assigns, and
shall inure to the benefit of Lender and Lender's successors and assigns.

GENERAL PROVISIONS. If any part of this Note cannot be enforced, this fact will
not affect the rest of the Note. Borrower does not agree or intend to pay, and
Lender does not agree or intend to contract for, charge, collect, take, reserve
or receive (collectively referred to herein as "charge or collect"), any amount
in the nature of interest or in the nature of a fee for this loan, which would
in any way or event (including demand, prepayment, or acceleration) cause Lender
to charge or collect more for this loan than the maximum Lender would be
permitted to charge or collect by federal law or the law of the State of Florida
(as applicable). Any such excess interest or unauthorized fee shall, instead of
anything stated to the contrary, be applied first to reduce the principal
balance of this loan, and when the principal has been paid in full, be refunded
to Borrower. Lender may delay or forgo enforcing any of its rights or remedies
under this Note without losing them. Borrower and any other person who signs,
guarantees or endorses this Note, to the extent allowed by law, waive
presentment, demand for payment, and notice of dishonor. Upon any change in the
terms of this Note, and unless otherwise expressly stated in writing, no party
who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties agree that Lender
may renew or extend (repeatedly and for any length of time) this loan or release
any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

THIS NOTE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS NOTE IS AND SHALL
CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.

BORROWER:

PODS, INC.

BY:                                                (SEAL)
   ------------------------------------------------
   PETER S. WARHURST, PRESIDENT OF PODS, INC.
================================================================================

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