HomeMy WebLinkAbout0097~ ~_; ~ ~ 1 f'.,
,. _
4
r•hant Marine :Art, 1~1`?(I (-li tat. l,l)0(1 ,•t ~I•q.), as autended (herein-
after c<tll,•~l the "~itil, A1<,rt!~at;e :Act"), and ~i'ill other~~•ise comply
~~•ith and ~ati~f~' all of the l,ro~•i~ionti of the Phil, Mortgage Act
nt~c•e~~ar~ to estahli~lt and maintain thi \lortga~-r a~ a first tnnrtgage
lien thereunder upon tlu ~`essel and upon all rene~~•als, : ^;:lacenu~nts
::mi iutln•rn~en~~•nt, nuulr• in „r try the Dante for the antouut, of the
Inck•l~tctlnr•~•.
~t:(•Ttl,~ v. The ~ltii,u~~•nrr ~~-ill not cause or ltc•rntit t`~e Vessel
to he ol,eratcd in an~• manner ctmtrar~- to la~~• ;utd tlt: ~liipn~~•ner
~~•ill not en!.;a~~e in an~• unla~~•fu1 trade or ~'iulate and- la~~• c,r c..rry
;tn~- cargo that ~~'ill ,~xl~„s~~ the V'r~•,•1 t„ li,•nalt~•, forfeiture tir rahtttrc,
and ~~ ill ni,t ,1,,, ur puffer „r ln•ruiit 1„ h,• tlr,ne, an~•ihinh shiclt can ar
uut~~ in•jurir,u~i~• atTe,•t the re~istr<ttion c,r enr„lluu•nt of tlu• V,•~~~•1
ur.~i,•r the l;t~~•~ and re~~ulatinn. „f the l'nite~i thtatc of :1uu•rica and
«~ill at all tinter heel, the ~`~•,•~•1 dull- ri„cuuu•nterl th,•rrund,•r.
~t;c'•rtr,x f. .'I'h,• tilti;u,~~-n,•t• ~~~ill l,a:: an,l ~ii~c•har,~e ~~h~•n uue <uu
l,a~aLlt•, fr„nt tint,• t„ tiuu•, all ta~,•~, a,:,•::ru~~nt~, ~,u~•,•rn~uental
c•lutt•:;r~, tine anal lu•n;-itic. lu~~ fully- tnti,~.~~•a r,n the ~-,•~;:,•1 or an~•
int•r,nt~• tL•erefr;rut ,ini+•:~~ th,• tilril,u~~•n,•r in !~n„,l faith ,•rntt,~a~ the
~•alitlit~- theret,f anti ut;tintains u~le,tuat,• r~•~er~'e~ thcreft,r.
tit::,rt„~; ;. \,•itht•r il~.• tihil,•~~~r.,•r, any- charter,•r, th,•lia:a,•r
c,t' th,• ~`~•::<t•1 n„r :tn~~ „th,•r lt,•r,r,n ha• ~,r shall ha~•r any- ri!~ht, lx,~crr
or autht,rit~• tt~ ~•r,•at,•, incur or lterntit tr, he l,laced I,r iml,~~~~•d or
c,uttinuerl ul,,,tt the V,~<:el, its [•reit;ht~, l,r„fits or (tire, ane• lien ~~•hat-
~lN'V"e l' Ot}U•r tll;ln t r,1' ('rt'VC'~ A1'$ge~ aml gal:"age.
~i::~-rm~ 8. 'i'l~c tihiitm~-ner ~~_iil l,lace anti kcejt ltrontincntl~• tli~-
hla~~ed in the Afa~t;~r'~ t•ahin of the Ve~~t•I a fr:ut;rtl l,rint,•,1 m,ttce
in plain t~; lu• of such ~iit~ that the ltaragral,h of reading nt,ttter <}tall
co~•er a ~ltace nc,t lcr~ than Cour tnch,•~ ~~'ide troll sip inche. gong,
reading a~ follo~~•~ : .
"\r,tirc of ~l,trtna~;e
'I'Li;r V'c~~cl i co~•ered l:}• a 1•'irst tiLilt ~lortt;at;~+ to A~"~~t.Tt~a:
.~. I(fa.t.r.n & l;uatr:~~l (lac.) wider authorit.}• of t~,e 5hilt _ltort-