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HomeMy WebLinkAbout1259 f ~ 1 Chbttel_ Mt~t~g$ge ~t~- Line of Credit ~ REAL ~STATE AND C N A'T T E L M 0 R T G A G E . l ~ • ~ * ( ~ t . 1„ 1 - KNOW ALL MEN aY THESE PRESENTS: TKAT, WHEREAS, CITIES SERVICE OIL COT~iPANY, hereinafter called the Mortgagee, contemplaCes ma.lcing future advances of money or credit t0 ~?Y;tOND A PADGETT AND DENIECE PADGETT, HIS WIFE. 1029 ANTILLES AVENUE, FT. PIERCE, FI.ORIDA - - hereinafter called the Mortgagor, in such a sum or sume es will not increase the maximum i~debtedness of the Mortgagor eo the Mortgagee at any one time to an amount greater th~n Fot~~ Txovsa?~D zwo xtrnDx~n A,~D h~/ioo DOLLARS 4,200.00 ~ such future advances to be m~de withi~ six yeare from th~e due daCe hereof, and WHERFAS, it i~ the intention of the Mortgagar to seeure all renewals and extensions made frvm time to time, to the end that all indebtedness, whether for such advances or otherwise, of the MoxCgagor to the Mortgagee sha~.l aL al~. times be seCUred hereunder; NOW, THEREFORE, in consideration of the premises ~nd in order to secure to the Mortgagee any and all future ~dvances hereafter made to the Mortgagor by the Mortgagee, and all other indebtednesses of ~he Y~lortgagcz Co the Mortgagee of every deacription, and in consideration of the sum of Ten Doilars ($10.00) fn hand paid ta the Mortgagor by the IKortgagee, the recefpt whereof is hereby acknowledged, the gaid Nortgagor~ his heirs (its successors) and assigns, has granted, bargained and! sold, and by these presents does grar~t, b$rgain, seZl and convey unto Cities Service Oil Company, a Delaware corpora~ tion, its successvra aad ~ssigns, the goods, chattels, leases, accounts receivable and othez personal property described and located as follows; All Stock or equipment and r~erchandise, located at Service Station u01$9, Property ;109-Ob1-001, located 960 ;-iiracle :iile, Vero Beach ~lorida, as includ~d in Schedule A, attiached her~to and t~ade a part rhereof. Chevrolet Pick lIp Truck Title ,''k3617454, I.D. VdA56A0116~0 Second ~tortgage, as included in Schedule A, attached hereto and r~ade a part thereof. Res ving to the mortgagee the rfght and opt~on ~o demand fu1l. pay4aent of tihe mount secured by this mortgage at any time, the mortgagee agsees to cept payffient thereon at the rate o~ cenC Fer gallon o asalene sold by the mortgagee tio t~-fe m~`ar~gagor at ~ t e ea~ ~ per g,a o--~o e a e to t~ pr ce o gaso ene at the time o~~elivery to the s`tation, and the ~ per gallon emou~t to be credited on the mortgage at`'the end of ea~calendar m+~nth, pro- vided, however, Chat ~he minimum t~nnthly paymecaea shall be ~ ~ DULLARS ( $ ) ~ ~n or any mont s r t~t e es ~ per gailon does not equ~ t e ~ sum of $ ,~h rtgagor wi tlereupon pay to~the mortgagee € t.1e dif erence ~ ehe mortgagee further agrees ta acce~t payuent in fu11 of the gage obligation at any time. I~: def t be made in the payment of any one of the ~Foresaid inbtall- ~u~~t~ vr ~f any ather indebtedness that may be due fsam~the u~der-~ si.gned to the payee, or if def8ult be made by the und~rsigtt~d in Che perform,ance o!E any of the terms, cov~nants, or conditf ons of a certain ~ ~ ~ 5 ~ iJ?! 1. . ~ ~ k `¦nr~?