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- CHATTEL MORTGAGE l4sO~g
H. L. Thompson , the Moctgagor, ia consideratioaof thapriacipal
sum, speciCed in the promissory aote heteaftec described, received from KELLY TRACTOR CO., a
Florida Corporation, the MORTGAGEE, hereby, on this Auc~ust 3, 1966
mortgages to the MORTGAGEE the personal proparty described as: _ ~
One (1) New Catexpillar Model 12 Series E Motor Grader, Serial No. 99E10592
with 24 volt direct electric starting, ra3~ trap, tool kit, canopy top,
13 foot moldboard, hydraulic side shift, steering booster and 56" airplane
tires and rims.
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Promisso Notc
Fur value received - H. L. lhomason , the Maker, hereby promises
to pay to ~CELLY TRACTOR CO. a Flbrida Cocporatioa, the Payee, or order, the priacipal sum of
Ninety One Hundred N~nety Seven and ---------------------------4~1Qp pollars,
( S 9.197.45 j as foltows:
#1 payment due Jan. 1, 196? for $1,000.00
#2 payment due Feb. 1~ 1967 for 1,000.00
#3 payment due Mar. 1, 1967 for 1~000.00 }
#4 payment due Apr. 1, 19b7 for 1,000.00
'1 #5 paytnent due May 1, 1967 for 1,000.00
#6 payment due June 1, 1967 for 1,000.00
#7 payment due July 1, 196? for 1,000.00
#8 payment due Aug. 1, 1967 for 1,000.00
#9 payment due Sept 1, 1967 for 1,197.45
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together with interest at the rate of ~per cent per annnm to mamrity, and at the rate of ten per ~
cent per annum after maturity, until paid, at the office of payee, 7615 N. W. 12th Street, Miami, Florida,
or such other place as the holder may designate in writing. The Maker may pay any part or all of the un-
paid priacipal at any time before due without payment of preminm therefor.
If any paymeat is not made within thirty days after it is dne, the entire anpaid principal s6a11 bccome
due without aotice, at the option of tbe holder, and failnre to exercise that option shall not waive the
right to exercise it ia evcnt of a sobseqnent default. In event of default in paymant, the Maker will pay
al! cost of collection includiag a reasonable attomey's fee. Pmtest is waived.
H. L. TNqNPSON
BY ~ • (SEAL)
OWNER
(SEAL)
Mongagor further agrees:
1. To make atl payments reqaired by note aad moctgage prompdy when dne.
2. To keep mortgaged property where it is now located, nnless written permissioa is given by
the htortgagee to move it to another place.
aooK 1~3 484
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