HomeMy WebLinkAbout2653 7
I~ORTG~IQ?S DF~;ED. ~~~~{js
THIS INDENTURE Made the zs day o~ J~nnnsrry l~ba by and be-
tween HIGGINS TIRE SOPPLY~ INC., a Florida corporation~ aP 1312
Delarrare, Fort Pierce, Floridaf hereina:Cter called Martgagor~ and
FI,ORIDA TIR~ SUPt'LY COMPANY~ of Auburndale~ Palk County, Florida~ ~
~
hereinafter called Mortgagee, ~
WITNESSETH, that ehereas said mortgagor has e=ecuted ita certain
promiasory note bearing even date herewith ~or the principal sum o~
Thirteen Thousand (=13,000.00) Dollars E
, payable to the order of the
~ 2 ~
Mortgagee ~~~d~~) t~da~Bya~te~ date, with intereat thereon at the
;
~ rate of si~c (696) per cent per annum, after maturity, until the prin-
~
eipal sum shall be paid; and Whereas aaid mortgagee m~y hereafter
,
during the continuance of these presents make future advances to the ±
1
mortgagor by way of credits or sale of inerchandise or otherwise~ and ~
it ie intended that the same with interest shall be aecured hereby '
;
to the eatent o~ Thirteen Thousand ($13,000:00) Dollara in total amount '
~
from time to time and day to day and the reduction of the balance ~
shall not prevent ~uture advances to the limitation hereoY: i
~
AOW~ THIS INDENTU4E, ~YITNESSETH: That the said mortgagor in the
consideration of the sum of One Dollar to it paid by the mortgagee ;
~
.
the receipt whereo~ is hereby aclasowledged has granted, bargained, eold :
and conveyed and by these presents doea hereby grant, bargain, sell
and convey to the mortgagee all those certain chattels located at ~
_
,
~
1312 Delaware, Fort Pierce, Florida, and Described in SCHEDiTI,E "A" ~
a~:d attached hereto:
. ;
Provided, nevertheless that if the said mortgagor, ita's successors
or assigns shall pay to the mortgagee~ its successors or assi~s,
the said principal sum and interest according to the teim of said
promissory note and also to pay to it on or before the 20th day of
each month thereafter auch further sum or sums of money~ if ar~y~ as ~
the said mortgagee may hereafter, during ~he continuance o~ these
pree~nce, advance to the said mortgagor under the security hereo~
with interest on suc h further aum or aums from the time they m~ be
respectively advanced by way o~ credits or merchandise sold, payable ~
on the 20th day of each month thereafter in each year until such sum ~
i
f
or sume so advanced shall have been respectively and fully paid and ;
;
~
_ ;
~~sy ~~EZ~34