HomeMy WebLinkAbout0114~~PK _ 49 ~•~c~~.~.~
PROMISSORY NOTE
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- Exhibii 1
env 1 ork, ~l. Y,
~~c-`ober , 1J62 '
\Vsnts ~` li~.~rr \i:~ItI~F: LvoltI'O}2ATI()\, a \e~ti• fork corlwration
(hereinafter called "Marine"), for value rec{~ivcd, ]tetchy promises to
lrt>• to the order of 1\'.~t.TF:~c }:: Hta~.t-at .C-(`n~Irn~~• (Ixc.) (hereinafter
called th~~ "l.~~n~ler"), in la~rful uu)ney of the United :±tates, the sum
of ChI~_~ \1i11irnl Si~t~--Two ~l'housand lloilars ($I,OG2,000) (hereinafter .
called t}te "Indel)tedrf~ss"), in titirt~--sis (3G) equal consecutive
monthly imtaiinumts of T~t•enh•-Vine Thousand Five Ilundreci Dollars
(~•)!),;)(ll;) ca(•h couuu-mcint,• ~nu~ month front the date hereof and ending
three ~•ears from the date hereof. :\il I-a~•Incnts are to he Inadc at
the office of the I.cnder, 3-1`_' \ladison Avenue; 1\ew fork, New fork.
'l'he l.endt~r has deducted in advance a discount charge of $1(12,000.
'{'his \ote is scented }-}• (a) tI I+'irs;t ['referred Fleet \lortgage,
dated the date hereof, ,overing the dr,~cige Jt:~vr:rr, ()tlicial No, `?831-€G
the tired~e ~_hno, Oflicir~] \o. 1i`'C)G-I, the drec~;e ~V'ehb and Knapp
llt~rine Corl). Au. `?-F, OIticial \o.l7:-S5(1, the btu•ge 1V'ebb and Kna11p -
\larinc l'orp. Au. ''5, Ollirial V'o. ~)~5ti51, the harf;e 1\rehb and Knapp -
Jlarinc ('url). \~). '?(i, Otiicial \o. '?1:)85'? and the oil scrc~~• tut; 1\~chb
cG I~nal~l- Jlarinc ('orl). Ao. '?3, O1Ticial ~o. 131001, (L) First ~Itip
\Iortgas;es, dated the date hereof, cm•ering the oil scrE~w tug lV'ehh ~C
Knapp _llarine Corl). Ao. '?1, Official V'o. '..)1SIIfi:), and the oil screw tug
1V'cbh and linapp J[arine ('orp. A'o. •>~), Uf1i(•ial Nu. `_?`+(i'?°7, (all of the
aforesaid vessels being doc•uuumted in the nanu~ of \[arine under the
la•vs of the t'nited titates ~.nd, with the exception of the oil screw ±t}g
\\'ehb and Knappllarine ('orp. \o. •)~) having their home ports in
Nz,w 1"ork, :dew ~"ot•k, the latter vessel Navin`.; its hone port ir.
- I3ri(i,eport, C'onnectic•ut), (c) a (.'hattel ~Iortgttge on the undocuu~ented