HomeMy WebLinkAbout0150 ~~i
itCY1~ITY AY11[<M~NT ICMATT[L MOhTOAOt) 11AMC0 /OpY
NNIR01Ui/ tOWit11t1AL COD< (IND. 01~ COI~P.)
~
(CNA7TF.L MOR7GAGE)
~hi8 ~~etlttPlt~ m•de the 1ti,tenty-eizti~Y of September 1977
mder the lawa of the state of plorida
~Q~t18Ptt g~l Shulta Chevrolet, Inc.
herein called e6e Debo~r
~r6ose busiaess address is (if none, wdte "aoae") 4200 S. U. S. #1, FOit PierC~, F18. 33450
aad whose cesidcnce addreas is ,
~"'d Geaeral M~otors Acceptance Corporation here;a called che Secured Paccy ~
w~hose address is 224~~ pal~ ge8ch Lakes Blvd., Weat Pelm Beacb, Fla. 33401
~ttn~$Pfh:
?o secure the payment oE an indebtedness ia ehe amount of; 100 ~ 903. 58 with interest,
pa~rable as follows: .
On Demand
~ STAT~ ~F FL~Rl~t~. ~
UOCUMEtdTAiiY~`:- STAlY~?' 3Ai~:~
° UFP7.OF REVEMUE:;' s::
z ~ sy _ .t ~ L ~ ~
= P.A. 7 ~EPpy'77 ~ ~ . , ~J ~J Q i ~C'' ~
~ ~t102' ~ ' . .
~ ° ~ ` o
as evidenced by a note or twtes of.even date huewith, and alsa w sccare any other indebtedness ot liability
of tbe Deboor to the Secuced Pacty d'ucct or ind'uect, absolute ot coatiagent, due ot to beoome due~ mw e:isting
ot hereaf:er arisiag, including all futnce advaaces or loans whic6 may be made at tbe optioa of the Secuted
Party, (all hereiaafter called tbe "obligations") Debtor hercby gtants and conveys w the Secuced Party a
secucicy incerest in, and mortgages to t6e Secnced Party,
~ (a) che ptnp~rtq described in the schedule hecein (hereinaEter called tbe cotlacetal), which eollatetal thr
i Debo~r represents ~+ill be used pcimarily .
~ ? Eor personal, famiip or houselwtd pucposes in farming operations C7 ia busiaess or other use
+ (b) all o r
~ pr pe tq, goods and chattels of tbe same classes as tbose scheduled, scquired. bq tbe Debtor snb•
sequent to the ezecution of this agreement aad ptior to its termination
(c) all proceeds cbeteof, if aay,
: (d) a!! iacnases, substitntions, teplacements, additions and acoessions theceto.
.DEB7IDR WAl~t1qAN'I3, COVENAN'IT AND AGREES AS FnLLOWS:
To pay and pet(otm all of the obligations secured by ttus aareemeot accordina w c6eir tecros.
To deEend the cicte co che oallaceral aaaiosc a!I ersons and saainat a!I claims and demands w6acsoc~er, whic6
collateral, ezcept for the security iacereac gra~ced here~r, is lawfully owned by the Deboor and is now fcee and clear of
any aad ali lieos. security iatecescs~ claims~ chuges. mcumbtances~ tazes and assessmmts e:cept as may be set Wrth
ia che schedale.
On demand of t6e secured parcy co do the following: fumis6 furtber aasuraoce of dtle, ezecuce aay rattrn sareement
or da myoEAeraccs necessary co effeccuace che parposes and pe~ovisions of c6is a~eement,ezecute any insctumenc orstatr
ment reqwred by law ot ochecwise ia ocder to pecfett, coodnue or temjin~ce tbe secvdty incetest of the Secvted Puty in
cl~e collaceral aad pay all aosca of Glina in conoecrion eherewi~h.
To retsin poaseaaion of the collateral duriaa the e~scmee of d~is aareement ~od aoc co sell ezchanae, assidp. bao,
deli~er lesse, mortaage or othen?ise dispose oE seme without the wricteo consent of t6e Secured ¢art}r.
7o iceep t6e collaceral ac the bcacioa speci6ed, in the adtedule aad not co nmove same (except in tbe usu~l ooutse of
business for cemporrry periods) wichouc the prior .maen eonseoc oE tbe Secared Parcy. -
?o Iceep the collatetal (ree aad elear of all tims~ c6araes, eocnmbt~aces~ tazes aad ~aseasments.
Tops y, wbea due, all cazes, assessments aud licease Eees relados to tbe collatenl.
'I'o keep the collatecal. at Debeor's oan cost and e:peose, io aood cepaic aod eondicion md oot to ouause. alwse,
~vaste or aUow oo deteriorate e:cepc fot norcosi weu aad teat aad to make s~me available foc inspectioa br che Secn[ed
Paecy at all ceasooable ames.
To Iceep the collateta! insured s~aiust bss by ~te (iacladiaa extended coreraae) theh aod othet hszatds ss-t~e
Seeuced Patty may ceqnire aed m obcun collision insnrance if applieable. Policies s6a11 ~e io sueh fo~ aod ao~onnts and
witb such campaa~es as the Sewred Patty msr desianate. Poliues s6a11 be obtsined it~om reaponsible insutun.antboriud
to do busiaesa ia this stste. Ceaificates of insursnce or policies, p~yable ~ t4e respecri~e parties ss c6eit intecest say
appeu. sLall bt depusited wit6 d~e Secuted Pacty wbo ia wthorized~ bnc undec no duq. to obtaio suc6 insutance upou
faitute oE tbe Debtor oo do so. Deboor sbslt~c ~e immedisce w~riaen mtice w c6e Secured Party and w insurots of bss or
dam~se to c6e colluecal aad a6all prompdr 61e pcoofs of bsa wicb inw~ots, Debwr 6ecebyappo ints the Secaced P~etp the
u~omey ~oc tbe Qeboor in obuinioa, adjuscina and c~ncelliaa aoy suc6 insnrance aod eadotsioa setttemeoc draEu aod
herebr assi~n s to tbe Secured Party dl sums wiuc6 may become p~yable noder suc6 insutance. ioeludina retum preminms
and dividendi, as ~ddicioad secvnqr for the indebtedneas.
BC~t L+ i V PA~f