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compl~t. with all pr_nt and future attachmenu, acuMori.., ,nopl.c~ii1&.\\J .nd ~quijib\M\l, hurin.hu refur~d 10 collKli...ly u "chall.It", To
have and to hold luch chattd. unto MortgalE" and MortgagM'1 101. ..... for.vu. Said chalteh Ihall be !<cpl at th~ loeuioru indicaled or al loea,
lion. 10 N reported to Mortgagee 1'1Onlhly, and Ihall nol be r.mO\'~d from any of ..id localion. wilhoul Mortgag~e'l prior consenl, and .hall
nol bKom~ patt of any freehold,
IF MORTGAGOR SHAll. PAY 10 Mortgagee Ihe 10lal lum of $ 120,SOO.OO
t:l--.
In III inll~ImrnU of
:~ 11 );..~ I ,19 63.
, 2510.42.
~..ch, on thr: 2. '- '
day of r:ach .uec<_;.r:
monlh.~~ng
followr:d by a final in.laJmr:n1 onr: month lalar of $ 2510.26 . with intar<<t before malurily al - 0 - '7c pu annUD\ pa)'abl.
monlhly on unpaid balancr:. and ahr:r malurity al thr: highuI la,,'ful conluet UI~, "hich amount Mortgagor promi.... 10 pa~', a. ",id.need by
promu..ory notr:, pa)'ablr: al the oflicr: of C,I.T, Corporation. al N~w York. Chicago or San Franei.co. th~n this morlgag. .hall be \'oid. otherwi",
10 remain in full forc~ and e/fKt,
MORTGAGOR COVENANTS, for iuelf, iu h~iCl. ~xt'Culor.. admini'lralon. JIIee.llor. and U.I'Kn., with Morlgag~e a. Collowo:
Mortgagor own. aaid challols frer: Crom all claim. and r:neumbrane~. and warranU a'l.d .hall d~fend Iho chall.1t agairnl all claim. and
d~mand. whauDe\'r:r.
If Morlgagor bruch~1 any of the luml hereof or of ...id note or of any olh~r obligalion of Mortaaaor 10 C.I.T" or iC Morlgagor bt'Com..
iDloh'~nt or ce.... 10 do bwine... .. a aoing concern, or if the chattell or any of Ihr:m be 10000, ~crelr:d, misUlr:<! or d"lro)'ed, or if a default
is declat.d on an)' job conlracted by 1'>-tortgagor, or if a lurety tak.. over performance of ouch a job or extend. financial ".,iJlance to Mort'
gagor, or if a petition in bankrupIcy or for arrangement or reorganization be filr:d by or against Mortgagor, or prop.rty of Morlgagor be allachtd
or a r~-eiver be appointr:d for Mortgagor, or whenever Mortgagee may dr:ffl\ Ihe indebterin_ or challeh insrcure, Ihe indeblr:dne.. heroin
d'Kribed and all oth.r dehu then owing by Mong....or to C.I.T. &hall at the oplion of C.1.l, and without notice become due and payable forlh,
wilh, and Mortgagor hereby authoriul MortgagM ~o entr:r with or without leaal procea any prr:mi~. where the chattelt may be and take pOI'
...-soion thereof, p.tcrtgagee may foreclOle thil mortaaae in the manner pro,'idr:d by law, To the exlenl not forbidd.n by law, p.tortgagee may
..,11 the chattels al pri\'ale or public ..Ie, in bulk or in parcel., wilh 0(' without notice, without having the chattels preHnt at the place of ...Ir:.
and Mortgagee may bid and purch.... The procee<U of ..Ie .hall fiNt be applied to the r:xperur: of ..ttling aU lieru and claim. aaairut and all
cosU and charg.. and expen.... incurrr:d in taking, rr:mO\'ing, holding. repairina and ...lIinll the cha"ela and a .....onabl. lum (15C'J'c if not pro-
hibil.d by lawl a. a"orn.)'I' fee.; thr:n, to pay all .um. r.maining unpaid h.reon; an)' lurplu. shall belong to Morlgagor, .ubj.cl 10 being
applied b~' Morlgag... to "ny olher ind.btedn.... of Mortgallor to C,I.T. Mortgagor agr.e. 10 pa)' any de/iciency Forthwith, All ...medie. herein
are cumulati"e 10. and any or all th.reof may b. exercur:d in lieu of or in addilion to, any rr:mr:diH at la,,', in equity, or und.. a lIalute,
UNTIL ANY DEFAULT, p.tortgagor .hall remain In po...u.ion oC the challeh, but Mortsagor .hall nol wilhoul Ih. prior wrillen eon..nl
of Mortgager: mi.u.e, ...11, rent, lend, encumber, tr"nlf.. or ...crete a"y of Ihe chattel., Mo;,tgagor .hall pay promptly when du. all tax.., liceno.
f....., UH..menll and public and pri"at. chargel on .aid challela. Thr: challelt .hall at all time. be at Mortaagor'. ri.k, and Morlgagor .hall
keep them in.ured aaain.t /ire wilh ulendtd or combin.d addilional co"erage for the full in.urable "alu. Ihereof. and againot .uch olher
risb in .uch amounl. as Mortgagee may .pt'Cify, all luch /ire and oth.. in.uranee to prolecl Morlgag..... inl..ell wilh a Standard MortKaKte
or Long.Form Endorl.menl. MortKagor hertby wai,'., all enmption., Waiver of any default .hall nOl be deemed a wai,'" of any olher or
subsequent default. MortKag.e may corrt>Ct patent errorl h.rein and /ill in blanb, Allnotic... from "toltgag..... to Mortgagor .hall b. sufficiently
KJ\'en iF mailtd or dr:li\'ered to MortgaKor at Mortgagor's addre.. .hown abo,,",
Mortaagor Ihall, if certifical. of title be requirr:d or p<!rmitted by law, obtain .uch certi/ical~ wilh r..p.ct to thr: challeh, .howing the li.n
hereof, and in any evant do everythina .'Knhry or exp<!dient to pr....-ve or perfect the lien her.of. No waiver nor chanKr: h..ein .hall be bind,
ing on Mortgagee unl... in wriling lilln.d by an officer of Mortaa~ Any par! hereof contrary to th. law. of an)' .tatr: ,,'h.re used .hall ~
deemed in.ffective Iherein, bul Ihall not invalidal" any oth.. paru h.reof. Mortgagor aCknowlr:dge. rec.ipt of a true copy nnd wai"e, acceptancr
h.rc-of. If Mortgagor il a corporalion. Ihi. morlgage i. executed putluanl to aUlhority of iu Board of Dirretor.,
-
IN WITNESS WHEREOF, Morlgaaor ha. necuI.d and
, ..~h
......Itd this challel mortgage on ~ /j f'i< J L ,,'//-.:..': 1963
. fierI' : .'
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