HomeMy WebLinkAbout1917,.t `.•-. -:. a •.•! :..~ -~. ~, ~W'~~`~.::1 fife 1MiC'YMt~ .t ~ `7i ". .: :. .Tr. ~_ f ..,. i :. .:t a '- - -i. .,ai~;_ ~;:. ..-..
!or vrlnt melved, the undenlgrted, the saortgs,~x+ f!arte'd iP fire torsgoiag chattd raortgs~s (barsM' raeiresad M .ss 'b+l~..sao ") hereby .
and fi~asrtres to Airr+ee E~draer Usrisxiartioir+ ~ West AvrO~+ i!todrester, hem Yerk~ (irrrein referred to •r "lteresar), sa~tgage and
,at1~Mg,+'~
Lilii IYdrbtedexw tbrreta and lreretrufler rtiee[ed t+r u "eUld"~" svei il4tbe' Nd'M+ ~~ aei faterest n1 aetd•mortgagta !n and to,the ptoiterty
' aid herein Mt'fe~rred to u '}sW prnpeet~", +sa lx a~td to r-1d kadeb~edt-+p• ' x mPK~ts that laid Igdebt~neat arose from ttx rile of
lfreprety, that ssa4d iaortgs~t wu~ptoiieriy~eketuted by !Ae awrtgagor, aompUu•w#th law, and R filed, was praynrly nkti,ae rsqulred by local
r thYt thele;iirFe nr1 touoterchhrc or o1Cilta to said IndebtedNess. RAQxa is hesaby autnorlsed axd dhettrd arui agrbts to pay the,coruidtration
3. , .
aadgnnreat,`.srrsaely, tAe unpaid prlnciiral iarosmt of saki Fsdebttdi~tla, :less the amount of say 4tts:arr ebt+rgts ioduded tlxec[n, to s
~IrAO. te~ be credited u~~a: wrordg+g~i e- ec~i}urre`rrt account. •ltortg+ax+ee fxrtlrer agttd tort ia. gase Itn,•erta shall repossess said proprrty.
will atom the san•.t witl-out charge fur Rrrrea until sold or otherwise disposed ot. '~ ,..' .~; ~,` ~ ,_
accept+~bb a~trvretrt is vrili~, . , . , , ..
~„ Rmaa will pro+ide insurance (or the btntftt of,Rr'i'tss~and the.a;ortaagor as interest-na apyea{ Y>ttir+ 6rutiRl~nt $loatgr Isol1'ty which
loss Are and nla ea6 to thK tern, eanditiona
~ Itl teems usual thet'tita~ c~gcrr Mire Pt~birtrty`'dtRtfheCl fx's~d eotdssrCt ft~siiMt
srechu~s set forth in the polkies o4 1q~ajance wbile.to the preusisa of mortgagor so long as Rrrm has an Itssurable itrterrat in the jrroperty; the
1 exude irar risks arrd will bt iubf~eCt'to' lltd~Ar~erk~art Iaatitutt War Aisk Ezclwtori clau}sir~ l~n c~ qt loss, flu proeetclp of -the inaurnner
payable to Rrrrsa; but Rrrrsa w'1A telmburse mortgagor therefrom to the extort o[ the insurance irocecds for the cosec ipcurred Dy •srortgagor
the kuxred' property; iG any excess i~natw, the aaure will be applied flrsC npoa th4 irrdebte~tsa remaining urpald'to Rrrrxa undrr acid
ap~ the balatrce, If any, will be rald..to pwrt~~+aggor. ` - ` '
Q'fie-lt~e of tbt mortgagor, ind~ted a# "rrrbrtgagor to be Insured", wilt trecome lemred, et~tetfve lmm'the date the mortgagor sig>lti uid
~, amddr a Creidltars group lasurante policy issued to Rrrru subJect to all the terms and conditions of said polky, provided, however, notwith-
anything contaleed in said polkyy. that such life insaraat+e oe mortgagor's life dull sutomatlcaliy ttr:nlnRRte upon, and Qrrrsa shall no longer
-,~~red to keep such insurance in eRect as to wort~~rragor by the payment of pMmlums after the Arst:to occxr of the follbtving eventsr (I) the
g-- tin toll of the indebtedness secured by and deseribrd in said mortgage u said lodebtedness. (hertinatter referred to u_!`eaid [ndebtedneas") ;
~. -
~~.-Y )the continued default of the mortgagor in the payment of anv lnatsllment of said indebtedness for two months following the dot dote thereof, thr
date being thr date of payment of snch installment provided in said agreement un~ e>etended la•w`riting by Rrrr'sa in which evrnt It shall bti the
T{~ datl M payment provided in such wrlttea extension; (8) upon the reposseaslon by Rrrnt of the pw}xrty descr'.bed In said mortgage; and (4) at thr
>> a*plratian of six months followln~t the rrcc~~turity date specified in-sold mortgage for the payment of fire loaf igstallrnent of said indebtedness. -
$aid policy of insurance )rrovldes that• immediately nppuu~n receipt ot'due proof of death of apeM•dtbto! ~h0etdsyred is aSe4rda5ttct with the terms
`- thereof, the insurcr,an pa}!-to Rraits`d~ ,mount of ir~rarrce which shall br the amount nFctaasrv'to didcharge said indebtedness aublt~t to the
c~clpum 11re-Itstiorr nn said iruurastep (tror~cd hrlow. Toe polity further provides that tl~ yroou4rt of Insu~anee shall bt applied upon the indebtedness
s~• b-t~mortga to•R»ris remsinirr[t trrtpaki 11t tt-e deltln of mortgagor. No corporation, partnership or -aaociatlon nor any person on active duty in any
- M:Htary, Naval or Alr Force, nor any person who has attained his sixty-first birthday at the siErring of skid chattel mortgage shall be eligible for
Iruurar:ce or insured andtr said policy'ot iwurancr, a deMor Who is 6S yeah of age or over on the date such lndehtedness originates must submit
medical evidtnce of insurability to become eligible tut life insurance coverage and the maximum amount of Sala insurance on the life of the mortgagor
shall not exceed 'Pen Thousand Dollars (x10,000.00) regardless of the amw.-rt of the Indtbtedneas owing by mortgagor to Rtt'rsa and regardless of the
number of chattel more-rgts or other eorrtratts executed bZ mortgagor and assigned to Rtrrsa evidencing such ladebtedneas. •
Wltam: ........................................ ............... ...... ~p~~!.~..~.~s ~~1Xv ~+rQ~~Xc,.. , ........... , ...... .
... (Mortgagee)
~' ~ ~ i 735 N W. ~2 Avenue,..M?~~T.,. F.L.o.r.~,l~~
Aaartaa: .... ..................................................... ....... .. .
(3tree (Town ne) (State)
Acceptea this ........... say of ........................... .'19s... ~~+ '........ '.'~~G v..~! .. i/!~"."~' :- •r - ................... .
RITTER CREt)IT CORPORATION (By Owner, Partner or Oiflcer)
By ................................................................
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