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.•C`HATTEL MORTGAGE ~
SUN AND M~~ N RESTAURANT, INC. , the Mortgagor, in con-
s~deration of the principal sum specified in the promissory note attacned ~
nereto, receivad from~ LEE KIM PCY, the Mortgagee, hereby, an this 20th
day of L'ecember, 1971, mortgages to the Mortgagee the personal property
~e~4rib~u a~:
Furniture, fixtures, equipment, stock in ~rade in
tne Sun and Moon Restaurant, Inc. -2510 South
Federal High way, Fort Pierce, r lorida ,
`
as sec~arity for the payment of the promissory note, a copy of which is
attached hereto, and agrees:
Tn makP ~.ll navments reauired bv that note and this mortgage
promptly w~~?en du~.
2, To c~ay all taxes, assessments, liens and encumbrances on that
property promptly ,~hen due. It they are not promptly paid the mortgagee may
oay them ~vithout waivinq the option to foreclose, and such payments, with
inter2st t~ereon from t~.~ date of payment at the same rate as tipecified in
~rat note, shall also be s~~ured by this martgage.
3. "o keep that property insured against dama~e by fire and
ligntening in the sum secured by this mortgage, by an insurer satisfactory to
tne mortgage~~thz insuranc~ money to be neld by and paS~able to the mortc~agee.
If tnz mortgagor s:~a,11 not do so, the mortgagee may do so witnaut waiving
~ t~~ option to foreclose, and tne cast therecf, with interest thereon from ~he
date o~ oaymsnt a~ the s3ma 3t ~~~e same rate as s~ci~ied in that ncte, s"all ;
also b~ secure:~ by this n:ortga~~e. If any such sum payable under such policy
becom_~ due, the mortgagee may apply it to the indebtndness ~ecured by this
j mortga3~, or may permit the mortgagor to use it for other purposes, ~~vithout
=COTT & TlLTON ~
•--oR~~.. AT LAW ~ impairin~ the lien of this rriortyage.
`_~~~011A00 AVENUE W S~ A r ~ L U~' ~A
='_ART. f40A~DA ~ fqg y9~
v DOCUME;,TA~"_ ST.'1MP TAK i
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~ ~ ^ DEC2P71 ; /
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