HomeMy WebLinkAbout1205 LttUwITY AOw[EMtiNT tCNATVt6 MORTOAtit1 SU~599 wawco t:ow~r es ~ /
NNIf+O1tM t:01MAtwtaAl COOL tttro, ow cow~.l -
~~Iri~i his! ~i«twi~i
(CHATTEL MOR7~ACE)
~ht8 ~~ePtttettfr made the7th day of October, 19 80
under the lags of the state of • • • Florida • • • • • • • • • • • • • • • • • . • • • • • • • • • • • • • • • • • • •
~e~UeCtt Carolyn W. Rogers herein called the Debour
whose business address is (if none, write "none'") .
408 D Farmers Market Rd., Ft. Pierce, Fl
and whose residence address is 3550 So . U .S .#1 , Lot 48, Ft . Pierce, Fl .
and Ola E . Grimes....• herein called die Secured Party
whose address is 3550 So. U.S.#1, Lot 2, Ft. Pierce, Fl
~itt1~$Fth:
To secure the payment o! as indebtedness is the amount of = 3, 500.00 JQ~1C~IaG payable as folbws:
This is anon-interest bearing lzote. Payments to be made at rate of
X150.00 per month, 1st payment to become due ~ payable Dec. 15, 1980,
~ each month thereafter, continuing for 22 months, at which time a
final payment of X200.00 will become due ~ payable on October 15, 198 .
5~5
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as evidenced by a Dote or notes of even date lierewitb, and also to secure any other- indebtedness or liability of the Debtor
to the Secured Patty direct or indirect. absolute or contingent, due or to become due, raw ezistiag os hereafter arising,
including all future advances or loans which may be made at the option of the Secured Party, (all hereinafter called the
"obligations") Debtor hereby grants and conveys to ~.e-cured Party a security interest ia, and mortgages to the Secured
Pare ,
~a) the property described is the schedule herein (hereinafter called the collateral), which collateral the Debtor
represents will be used primarily
® for personal, family or household purposes ~ in farming operations ~ is business or other use
(b) all property, goods and chattels of the same classes as those scheduled, acquired by the Debtor subsequent ro the
e:ecution of this agreemrnt and prior to its termination
i (c) all proceeds thereof, if any,
(d) all racteases, substitutions, replacements, additions and accessions thereto.
DEB7nR WAiRRANTS, COVENANTS AND AGREES AS F~DLLOWS:
To pay and perform all of the obligations secured by this agreemene acconling to their terms. -
To defend the title to the collateral against all persons and against all claims and demands, whatsoever, which
collateral, ezcept for the security interest granted hereby, is lawfully owned by the Debtor and is now [ree and cleat of
any and all liens, security interests, claims, charges, encumbrances, razes and assessments ezcept as may be set forth
I in the schedule.
f Oa demand of the secured party to do the [ollowing: famish further assurance of title, ezecute nay written agreement or
do any ocher acts accessary co effectuate the purposes and provisions of this agreement, ezecuce nay iostnrment or state-
ment required by law or otherwise in order to perfect, continue or terminate the security interest of the Secured Party io the
collateral and pay all costs of filial in connection therewith.
~ To retain possession of the collateral during the eziscence of this agreement and not to sell, ezchaage, assign, loan,
deliver, lease, moltgage or otherwise dispose of same without the written consent of the Secured Parry.
To keep the collateral at the location specified is the schedule and nor to remove same (e:cepe ca the uswl course of
business for temporary periods) without the prior written rnnsene of the Secured Party.
To keep the collateral free and clear of all liens, charges, encumbrances, razes and assessments.
To pay, when due, all cues, assessments and licrnse tees refacing to the collateral.
To keep the collateral, at Debtor's own cost and ezpease, is good repair and condition and available for inspection by
the Secured Party at all reasonable times.
To keep tbt collateral fully insured against loss by fire, theft and other casualties, Debtor shall give immediate -
written ratite to the Secured Party and to iasnrors of loss or damage to the collateral and shall promptlq file proofs of bss
fI with insutors.
THE PARTIES FURTHER AGREE
Fairer of or acquiescence in any default by the Debcor,or failure of the Secured Partq to insist upon strict petfotmaaee
by the Debtor of any warranties or agreements in ehis security agteemrnt, shall not rnnstitute a waiver of nay subsegnent
or ocher default or failure.
Notices co either party shall be in writing and shall be delivered personally or by mail addressed to the patty at the
~ address herein set forth or otherwise designated in writing.
The Uni[orm Commercial Code shall gorem the rights, duties and remedies of the parties and any provisions herein de-
l dared invalid under any law shall not invalidate nay other provision or this agreement. i
R The folbwing shall constitute a default by Debtor: '
Failure to pay the principal or any installmrne o[ Qciacipal or of interese on the iridebtedaess or nay notes when due.
Failure by Debtor to comply with or perform nay provision of this agreement. False or misleading repcesentacioas or wao-
tansies made or given by Debtor in rnnaeccion with obis agreement. Subjection of the collateral to levy of c:ecntioo or t
other judicial process. Commtocement of any insolvency proceeding by or against the Debtor. Death of the Debtor. Aoy re-
duction is the value of the collateral or any act of the Debtor which imperils the prospect of full performance or satisfaction
of the Debwr's obligations herein.
Upon any default o[ the Debtor and ac the option of the Secured Parcp, the obligations secured by ehis a~reeoent shall
immediately become due and payable is full wit tit notice of demand and the Secured Party shall have all t e tights. rem-
edies and privile es with respece co repossession, retention gad sale of the collateral and disposition of the proceeds as
are accorded by ~e applicable sections of the Uniform Commercial Code resptcring "Default"
Upon any default and upon demand, Debtor shall assemble the collateral and make it available co the Secured Patty at
the place and at the time designated in the demand,
Upon say default, the Secured Pattq's reasonable atcomeys' tees and the legal and ocher ezpeases [or pursuing.
starchiaa for, receiving, caking, keeping, storio , advertising, and selling the collateral shall be chargeable so the Debtor.
The Debtor shall remain liable for any de~ciency resulting from a sale of the collateral and shall p.y any wch dr
ficiency forthwith oo demand.
If the Debtor shall default is the performance of aa~ of the provisions of cljis agreement oa the Debtor's part to bepet-
formed, Secured Party may perform same for the Debtor s account and nay monies ezpeaded io so doing shall be chargeable
with interest to the Debtor and added to the indebtedness secured hereby.
{ The Secured Party is hereby authorized « 61e a Financing Seacemeat.
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