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HomeMy WebLinkAbout2798 ~~~6'73 ~ s[CUgITY AOq[aMENT tCNATT[L nwllfpAGt1 11AMC0 IOgM UNIIO qM COMn1tt 11C1At. t00! (IHD. 011 COgP.I (CHATTEL MORTGAGE) this ~greement; mace dte 7th say of April 1979 undo the lava of the state of Florida ~etfueeli Mrs.Lois T. Lyles ,d/b/a, Her Majestyts Gifts herein called the Debtor whose business address is (if none, vote "none") Her Ma~eety t S Gif t8 3222 Center, Fort Pierce, Florida 33450 ~ and whose residence address is 3~ 47~ Naylor Drive Fort Pierce, Florida 33450 and JOB W. Ha2e111ef Or her heirs herein called the secured P ~y I, ~rhose address is p. 0. BOX 111 f~ Fort Pierce,. Florida 3345 I~ I~ ~it>t><esskth: - j! - To secure the payment of an indebtedness in the amount of = 4, 500.0() with interest, payable as follows: ! $150.00 per month due on the last day of each and every month, it beginning on the 7.th day of May, 1979 continuing until said principal and interest have been paid. The interest rate is 9~ per annum until maturity. - c .r DO~;j_M_ C_t3'l+$Yf~`--_ SU.Mi'_ i ! r t VI f ` _ i " ~ Kra J p~ I as evidenced by a note or notes of even date herewith, and also to secure any other indebtedness or liability of the Dcbcor to the Secured Patty direct or indirect, absolute or contingent, due or to become due, now ezisting or hereafter arising, including all future advances or loans which may be made at the option of the Secured j Party, (all hereinafter called the "obligations") Debtor hereby grants and conveys to the Secured Party a security interest in, std mortgages to the Secured Party, (a) the property described in the schedule herein (hereinafter called the collateral), which collateral the i Debtor represents will be used primarily ! . for personal, family or household purposes in farming operations ~ in business of other use - (b) all property, goods and chattels of the same classes as those scheduled, acquired by the Debtor sub , Sequent to the execution of this agreement and prior to its tertaination (c) all proceeds thereof, if any, I (d) all increases, substitutions, replacements, additions and accessions thereto. ~ i - i DEBInR WARRANTS, COVENANTS AND AGREES AS FOLLOWS: ~ •!-o pay and perform all of the obligations secured by this agreement according to their terms. i To defend the title to the collateral against all persons and against all claims and demands whatsoever, which s collateral, except for the security interest granted hereby, is lawfully owned by the Debtor and is now free and clear of ~ an y and all liens, security interests, claims, charges, encumbrances, taxes and assessments except as may be set forth in the schedule. _ j Un demand of the secured party co do the following: furnish further assurance of title, execute any wtittrn agreement or do any other acts necessary to effectuate the purposes and provisions of this agreement, execute any instrument or state- ment required by !aw or otherwise in order to per ect, continue or terminate the security interest of the Secured Parry in the collateral and pay all rnsts of filing in rnnnectioa theretich. To retain possession of the collateral during the ezistence of this agreement and not to sell ezchange, assign, ban, deliver, lease, mort age or otherwise dispose of same without the written consent of the Secured iSarc y. To keep the col atersl at the bcation specified, io the schedule anti not to remove same (except to the usual course of business for temporary periods) without the prior wntten consent of the Secutcd Parry. To keep the collateral tree and clear of all lirns, charges, rncumbrances, taxes and assessments. To ay, when due, all taxes, assessments and license fees relating to the collateral. -I-o keep the collateral, at Debtor's own coat and a:pense, in good repair and condition and not to misuse, abuse, waste or allow to deteriorate except for normal wear and tear and to mike same available for inspection by the Secured Party at all reasonable times. To keep the collateral insured a~ainat loss by fire (including extended coverage) cheh and other hazards as the i Secured Party may requite and to obtain collision insurance if applicable. Policies shall ~e in such form and amounts and 1 with such companies as the Secured Patty mry designate. Policies shall be obtained from responsible iasurors.auehorized co do business In this state. Cenificates of insurance of policies, payable to the respective parcies as tfieir interest may i appear, shall be deposited with the Secured Party who is authorized, bue under oo duty. to obtain such insurance upon :t failure of the Debtor to do so. Debtor shall ire immediate written notice to the Secured Patty and to iosurors of loss or damage to the collateral and shall promptly ~e proofs of loss with insurors. Debtor hereby •ppoincs the Secured Patty ehe attorney for the Debtor in obtaining, adjusting and cancelling any sorb insurance and endorsing settlement drafts anti hereby assiggnns to the Secured F'arcy all sums which may become payable under such insurance, including return premiums and dividends, es additional security foe the indebtedness. ~~o~ 3os P~~~ z7~s ~ .