HomeMy WebLinkAbout2424 ftClJ111TY AOI~<<M<NT ICNATTLL Y01~TaAOt1 255 • 58 ~1AMC0 IORM N
UNIROI~M COMMtNC1~ODt IINO. 011 COIIP.1
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roi • CNA7TEL MORTGAGE~ .
CIRCUR ~RT' Si. l1lCIE 00, ~
CLE
~hi~ ~~eP11tPItf~ made the 25t~1 day of 19 73
uader the l4~va of the state of ~p1^~Cla
~P~EEit Thsotie 3now .
~AN ~Y`A ~ o w~ H 1 S M 1 F E
hereia called the Deboor
~vhos busiaess address is (if noae, wpte "noae")
220~ N. 23ed 3t. , Ft. Pierce, Florida
and ~vhose resideace address is aaa~e
~d United Grove Car~taksrs IIIC• hecein celled the Secured Paety
a Florida Corporat~on
.nhose adacess is
P.O. Bo: 1960, lrt. Pieres, Florida
~itnesseth: -
To secvice ~he paymenc of an indebcedness in che amounc of =G'T5O• 0~ aith intenst,
payable as folloars: In weekl~ installaiant8 of one hundred dollars each,
payable on each Frida~ of the ei~t ~aoaths of December thrn July, incl sivs,
e! each- ~ear until the aum of ~6?'50.00 xith interest o! eight peresnt
per 4naus hae b~en. sid. Interest firat ahall be cbargsd againat '
each inatalleent ot ~L00.00 and the balance shall be applied to
principal. Om delault b~ tb• dsbtor for more than 10 da~s the princi~
ausi, thea unpaid, at the elsction of the holder shall beco~e dv~e
and ~~bl~. Maker shall pay ~5.00 handling charge for eaeh inatall-
~ent paid nore than 7 days late.
~ No stamps are paid on this Chattel Mortgage and Security
agreement as stamps are affixed to the note secured by ~
- the foregoing mortgage filed in OR Book .2iy page ~y~/ ,
of the public records of St. Lucie County, Fla. The one
note for $6,750.00 covers both the mortgage and this C/M.
~ as e~idenced by a note or notes of evcn date herewith, and also to secute any otberindebtedaess or liability
of the Debwr to the Secured Party d'uect or ind'uea, absolute or contingent, d~e or to become due, now ezisting `
f or henafter azising, including all future advances or loans w~hich-may be made at tbe option of the Secuced ~
~ Party, (all hereinaker called t6e "obligacions") Debtor 6ereby grants and conveys to the Secured Pacty a
secucity iaterest ia, aid mortgages to the Secnred Patty,
(a) the pmperty described in che schedule hecein (hereinaf ter called the coll~teral)~ ahich collateral the
Debwr reptesents ~rill be used primazily
? for personal, family or house6old pnrposes ~J in farmiag operations ? in business or oth~r use
(b) all property~ goods and chattels of the same classes as those scheduled, acquired by cbe Debtor sub-
sequeat to t6e ezecutioa of this agreemeat and prior to its termiaacioa
(c) all proceeds theteof~ if any,
(d) all increases, substitutions, ceplacements, additioas and accessioas thereto. -
DEBTbR WARRANTS, COVENANIS AND AGREES AS F~ULLOWS:
To pay and perfotm all of the obligatioas secured by this agreemenc acrnrding to theic ce~ms. -
To defend t6e title to the collateral against all persons and against all daims aad demands whatsoe~er. whic6
collateral, ezcept fot the secvticy iocetest gcanced hereby, is lawEully oa-ned by the Debtor and is oo~c free sod clear of
any and all lirns. security interests, claims, charses~ eacumbraaces~ tazes and assessmrnts ezcept as may be set (orth
in the schedule. -
Oo demand of che secured party to do the following: fumis6 furthec assurance of title~ ezecute saq wtitten sgteemrnt
or do aoyof6eracts aecessary oo effectuate t6e purpo ses and provisioos of this agreemrnt,ezecute aay insteummt orstatr
ment required by la~v or othenrise in order to perfect. continue or tecminate the securicy interest of t6e Secured Partq ia
the collateral and pay all costs of filing io connecrion therewrieh:
~ To tetain possession of the collateral durina the ezistrnce of this aareement aod not co sell ezchanae~ assigp. baa.
deliver~ lease~ moctgage ot othenvise dispose of same witbout the ~vritten consent of the Secured ~art~r.
~ To keep t6e collat~tal at che location specified, io t6e sc6edule aod not to remove same (ezcept tn the usual eoutse of
~ business for cemporacy periods) withouc rhe prior anccen consene of ~6e Secured Party. .
~ To Iceep the collatecal Eree aad clear of all lims. charges. encumbrances. tazes and assessments.
To pay~ when due, all tazes, assessmeots aad licrose fees celatina to the collateral.
To keep t6e coliateral~ at Debtor's owo cost and ezprnse, in good repair and conditioa and not to misuse. abuse.
waste ot allow oo deteriorate ezcept for notmal wear aad tear and to make same avulable for inspection by the Secuted
Patty at all reasoaable times.
To Iceep the colletecal insured aBainst loss by fire (including eztended coverage) theh and othet hazatds aa tbe
~ Secured Paay may cequire and co obtain collisioo insurance if applicable. Policies shall ~e in suc6 foms and amouats and
wit6 sucb companies as tl~e Secuced Party may desianate. Polictes shall be obtained from respoosibie insu[ora.outlwriud
to do business in this state. Certi6caces oE insuraace or policies, payable oo the respecti~e partiea as theit interest may
~ appesr~ shall be deposiced wie6 the Secured Paccy w6o is authorized. buc under ao ducy. co obcaie suc6 insurance upon
failure of t6e Debtoc to do so. Debtor shall aive immediate writteri aocice to the Secured Pany end to iosuwts of loss or
~ damage co ~he rnllatenl and shall prompcly file pcoofs of loss wich insurots. Debcor heceby appoincs the Secnred Paety the
attocneq for ehe Debwr in obtainiag, adjuscing and cancelGng aay such ioau~aece aad eadocsiaa settlemeat dtafts aod
hereby assi~n s co c6e Secured Party all sums ~rhicb maq become paqable under such insurance, includina tetnm ptemiums I
I and d~~~dends, as additional security for che indebtedness.
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