HomeMy WebLinkAbout0825 claima. liens and encumbrances except this Chattel Mortgage lient :
and that said Mortgagora, do hereby fully warrant the title and owner-
ehip of said qoods, chattels and personal property, all and eingular,
and will defend the same against the claims of all persons whomsoever.
PRiOVIDED ALWAYS, That if said Mortgagors, their executors,
administrators, successors or assigna, shall pay unto the said
Mortqagees, their executors, achaiaistratora, successors or asaigns,
the certain note hereinafter substantially copied or identified, to-wit:
~ PROMISSORY I~OTE ~
;~2,300.00 . Fort Pierce, Florida, November 1970~
value received, we promise to pay, without defalcation, to the order of
~~.tiDYS~B. FRESHWATER, individual2y, ancl GLADYS B. FRESHWATER, as Executrix of
~:.::a Estata oy JOSEPH R. FRESHWATER, deceased, at 808 Georqia Avenue, Fort Pierce,
~~~orida, 3345~, the sum of Ninety-~o Thousarid Three Hundred and no/100 Dollars
~~92,300.00), in annual installments as follows: Nine Thousand Two Hundred
~::~rty and no/100 Dollars ($9,230.00) on the ~ day of November, A.D. 1971,
~.:d a like sum on the corresponding day of eac,~ month of November in each
~u.:caeding year thereafter until the whole be fuZly paid, together with interest
~~o::. ~'r.e date hereof on all suras remaining unpaid, from time to time, at the
~~~e of seven and one-half per cent (7~96) per annum, payable annually at the
~.:,e each pri:~cipal payment hereunder becor..es due and payable and in additior.
~:.e~eto.
If default is made in the payment of any installment when due, then a~ the
~~~ion of the holder, and without any other no~ice, all the remaining ir.stall-
:.,a.:ts sr.all be due and payable at once. Privilege is given to pay, without pen-
u~~y, as much as a total of two (2) install.~ents due.under this promissory note
u; i:~e end of the first year, as much as a total of two (2) installments due
~,::dar this promissory note at the end of the second year and as much as a tota~
o~ ;.wo (2) instalL~aents due under this promissory note at the end of the thira.
yaar, and, at any time after the end of the third year, of this promissory note,
; ~:.e privilege i~ given to pay, withou ~ penalty, any part or all of the unpaid
~ aa~aace due under this promissory note, vzithout penalty. No prepayment nor pre-
~ ~ al.;-.ents made as hereinabove set forth shail extend the time of payment o~ any
~ ~:.szallr??ent payment due or to become due hereunder. Neither forbearance, nor
~.ccaptance by the holder hereof after any default in any payment hereon, shall
aa aeen.ed extension.
:.ach r?iaker, surety and endorser hereof, .jointly ~and severally, waives derar.d,
~~asentn.ent, protest and notice.of protest for non-paymen~, and further agrees
4:.~~ any extension of time of palr.nent, either before or after maturity, without
::~~ice to aay of us; and to pay all costs of collection, including a reasonab~e
4:~orney's fee in the event of any default r.ereunder, and hereby severally
~:~~.~ves al~ bene~it of homestead .and~ exer??ption under the constitution and laws
aac:~ State of the United States, as against this obligation or any extension
rer,ewal r.ereof. And eacn maker, surety or endorser hereof shall have tne
,%~~v~iega of prepayment of all or any part of said sum, at any time, without
;~a:.a~ty. ,
~ wI:~SB tne hand and sea2 of ,said party. .
~ CHATHAM MACHINERY O~MPANY, ItiC.,
~ I~~~~ii....,,,, .
~ ~'~E; . a Georgia corporation,~
~l
• ~ ~ c~' •,1,r ' By: /s/ W. B. Dickerson (3EA
~ ~ 9 ° ' .
a v, fn b~°'• Title: President
; : ~ o, ~ : ~rporate Seal)
~ ~ ~~i :~1~ ~ Attest: /s/ J_ W_ Arnold (SEA:.i
~ ' , Title:y Assistant Secretarv -
.
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.i?. ~ ~
~ : t~i~`~ .
''~'~~...iir+~~~ '
. ~s/ W. B. Dickerson (SEAL)
W. B. DICKERSON, Individuaily. ~
~
BOOK 1~ ~ 824 /Q1 T_ W_ Arnn 1 d ~ (SEAi.j~
~ j ~ J..W. ARNOLD, Individually. ~
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