HomeMy WebLinkAbout2657 t1aCYRITY MRtaY[NT tCMATTaL MOR~OAOtI ' ~ i. ~ 1''A~tGO /ORM k
dNIROttM GOI~t#/aRC1AL t:00a tINO. OR tORRI ~ 3 ...i ~ 7 ~
~ -
(CHATTEL MOR?LAGE)
made the 1st -day of - "October - - 19 79
under the laws of the state of Florida ,
~P~PBtt Lou-Pat Etitterprises, Inc.
- herein called the Debtar
whose butwless address is (if none, wdtc 'Snoae") 1012 Rioyal Palsl Way, Ft. Pierce, Florida -
and whose residence address is 1012 Royal .,Palm Ways Ft. Pierce, Florida
and Iiichael Iagravallo and Marie Ingravallo, his i+ife herein called the secured Party
whose address is 135 Queens Road, Ft. Pierce, Florida 33452 - `
i
To secure. the payment of as indebtedness is the amount of =71,000.00 with interest,
payable as follows:
~ •
• See attached note
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TATS - of F ~ C R ! Q ow On dMS'C" ~ hesossl ho~rM.
OO~UMENTARY.;~: STAMP T~ x ~To~Ky1,1i~1,,A~Of1~
~F ~ Jf REVENUE
8- ~ .3.~ clerk crauit court. a. ttw~ C~or. Ra
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as evidenced bq a note or notes of even date herewith, and also to secure anq ocher iadebtedness.ot liabilitq
of the Debtor to the Secured Party direct or induect, absolute or contingent, due or co become dtse, acv eziscing
or hereafter arising, including all future advances or loans which taay be made at the option of the Secured
Party, (all heteinaket called the "obligations") Debtor hereby grants and conveys to the Secured Pattq a
security interest in, std mortgages to the Berated Party,
(a) the property described in the schedule herein (hereinafter called the collateral), which collateral the
Debtor represents wil! be used primarilq
for personal, family or household purposes ? in farming operations ®ia business or other use
(b) all property, goods and chattels of the same classes as chose scheduled, acquired bq the Debtor sub-
sequeat to the ezecutioa of this agreement and prior oo its termination
(c) all proceeds thereof, if any,
(d) all increases, substitutions, replacements, additions and accessions thereto.
- - - - --DEff1 i~R-~K G -
To pay and perform all of the obligations secured by this agreement accocdiaa to their terms.
To defend the title to the collateral --against all persons sod against all chums and demands whatsoever, which
collateral, ezcept for the security interest granted hereby, is lawfully owned by the Debtor and is sow free and cleat of
say and all liens, security interests, claims, charges, encumbtaacea, razes and assessments ezcept as may be sec forth _
is the schedule.
On demand of c6e secured p co do rite following: furnish further aasutaace of title, esecute say written agreement
oc do any oilier acts necessary to effectuate chc purposes and provisions of t4tis agreemeoc, ezecttte soy msttummt of sate-
ment required by Isw or othen•ise is order to perfect, continue or terminate the secudry racecesc of the Secured Patty itt
the collateral and pay all costs of filing in conaecdon therewith.
To retain possession of rite collateral during the eziscence of dris agreement and not to sell ezdtange, assign, ban,
deliver, lease, morcaage or otherwise dispose of same without rite written consent of the Secured batty.
To keep the collateral ac the bcatioa specified. in the schedule and sot to remove same (ezcepc rn the usual course of -
business [or temporary periods) without the prior wncten consent of the Secured Party.
To keep the collateral free sad clear of all liens, charges, encumbrances, razes and assessments.
To pay, when rise, all razes, assessments and license fees relating to the collateral.
To keep the collateral, at Debtor's own cost sad a:prose, in good repair and wadicioa and aoc to misuse, abuse
waste or allow m deteriorate ezcept for normal wear sad rear and to make same available for inspection by the Secure
Patty ac all reasonable rimes.
To keep the collateral insured s~ainst bas by fire (including eztended coverage) cheh and other hazards as c4e
• S-cured Patty may require sad m obcarn collision insutanc- if applicable. Policies shall be io such form sad amounts and
with such compaates as the Secured Patty rosy desigoace. Policies shall be obtained from responsible iaautors.autborized
w do business rn this state. Certificates of insurance of policies, payable oo the respective pactics ss dteit interest any
appear, shalt be deposited with the Secured Parry who is anthotized,.but under oo duty, to obtain such insurance upon
failure of the Debtor to do so. Debtor shall h6ive immediate written scare to the Secured Patty sari co iosatots of loss or
damage to the collateral and shall promptly 61e proofs of loss with iasurots. Debtor hereby appppooints the Secured Patty the
attotoey for rite Debtor io obtaining, adjusting sari caacelliog say such insurance sad endorsing settlement drafts and
hereby assiggtrtts co the Secured Party all sums whtc6 may become payable under such iasutaoce, including retuea pteminms
and drvrdends, as additional secanty fat the indebtedness.
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