HomeMy WebLinkAbout0094~. ~9 ~°ncF ~~
BO^K
.. .
~'1 RS'P S11 [ I' \IOlt`I'GAGl: n-adci the .,~' ; ~~ day of October, 1962,
b~• ~~'rsiss ~`; 1iNaYr' \t~-su~r: l'o-zt'otza~rtux, x corlwrntion organized and
existiFS~; sus~l~~r tl-e lss++•s of tl-e State of Nc++• lork (hereinafter culled
the "1111X1\+'llel'"), t0 \r AL•rr:l{ ri. ]1FLl.r.a ~~ (;~1+P_~NI (INC.), a COT-
1. ,ratios: ot~;anized and esistiss}; under the la++•s of t1Fe State of Dela-
~sar~ (hereinafter cxFllcd the '`\(urtgagee'').
~~'ss rs;r:~s
1. 'I'he• Shipo+sner is the sole o++•ner of the ++•hole of the' oil scre+v
tun l~'ebb fi. Knapp 3larine t'orl>. No. 27, C~cial No. 278UG5, of 19.5
t,~ross and 13 net tons or thereabouts (hereinafter called the "~~essel"),
docuu-ented in the name of the SLipo++•ner tinder and pursuant to
the la++~s of the United St-Ftes of :~sneric:i, ha~•int; its 11oll1C port at
the fort of \Te++• 1 ork, Ne++•~ York.
2. The Sl-ipo+~•ner, hcint; justl~• indebted to the 1(ortgagee, has
delivered a negotiable prosssissor~• note of even date hcre++~ith (~ere-
inafter called t]-e "Note"), in sssbstantiall~~ the form of-l+,~hil,it 1
annexed ]sereto, in the a~;grel;ate face ansoupt of One ~(illion Sisty-
t+vo Thotssiuul (~1,(>f,~',(K~1) Dollars, pa~~ahlr' in t]Firt}'-sis (3G) egssai
consecutive snout]-1~• installnsents of T++•ent~•-nine: T}FOUSasul l+ ive
Hundred ($?c.',~'~) Dollars earls, commencing one month from the
date hereof.
3. The ~lortgngee 1-as deducted in advance' a discount charge
of 4~1G2,1~0.
4. 'Co ~ec•ure the prompt and faithful payment of the indebted-
ness of the Shipo++•ncr to the; ~(ortl,•at;ce, evidenced by the \ote,
together ++•itls interest at tl-e rate of twelve percent (12°J~) per annum
on an~• instaliment in defsudt (such indebtedness, as evidenced h~• the
\~ote, and anti such interest being hereinafter c-ollectively celled the
"Indchh~dnc~s"), and to .~ccure as weli the perforusance and ohscrv-
anc~• of all the aF;rcensents, covenants and conditicros herein and in
the Note contained, the Sl-ipo++•nc=r has dull- authorized the eseeution
and deliver}- of the Note and this \[ort~;at;c under turd pursuant to
the Sl-il- \]ortnage :pct, 19'0, as amended.