HomeMy WebLinkAbout1067II stl t:4RITV AORtiEMtiNT it:NATTEI. MORTOAp[I
UNIFORM tOMMtiRC1Al. COOIZ LINO. OR CORP.1
p~BCl~I't~~ ~~rPPtttErif • ., ~~1~~~~ ' , .
(CHATTEL MORTIGACE)
vjht3 ~aYeBlriettf, made the 3rd day of December, 1980
under the laws of the state of Florida
FORM ~
~eftVeetl PiNO BADALAME~NTi herein called the Debtor
whose business address is (if none, write "none") 2729 South U,S, 1, Fort Pierce,
Florida 33450
and whose residence address is 2129 C White Pine Circle, West Palm Beach,
and Florida 33406 herein called the Secured Party
whose address is SAtJTO GIBILISCO
1604 Oleander Ave,
~itllessrth: Ft , Pierce, Fla , 33450
To secure the payment of an indebtedness in the amount of = l+5 ~ QQQ ~ ~~ with interest, payable as follows:
Repayable at the rate of $1,098.59 per month,
principal and interest included, with the
first payment due on December 15, 1980, and
each and every month thereafter until
paid in full (4 years).
as evidenced by a note or notes of even date herewith, and also co secure any other indebtedness or liability of the Debtor
to the Secured Party direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising,
including all future advances or loans which may be made at the option of the Secured Party, (all hereinafter called the
"obligactons") Debtor hereby grants and conveys to the Secured Party a security interest in, and mortgages to the Secured
Partyy,
(a) the property described in the schedule herein (hereinafter called the collateral), which collateral the Debtor
represents well be used primarily
for personal, family or household purposes ~ in farming operations ~ in business or other use
(b) all property, goods and chattels of the same classes as those scheduled, acquired by the Debtor subsequent to the
ezecution of this agreement and prior to its termination
(c) all Qroceeds thereof, if any,
(d) all increases, substitutions, replacements, additions and accessions thereto.
DEBTOR WARRANTS, COVENANTS AND AGREES AS FIDLLOWS:
To -pay and perform all of the obligations secured by this agreement according 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 free and clear of
any and all liens, security interests, claims, charges, encumbrances, razes and assessments ezcept as may be set torch
in the schedule.
On demand of the secured party to do the following: furnish further assurance of title, ezecute any written agreement or
do any other acts necessary to effectuate the purposes and provisions of this agreement, ezecute any instrument pr state-
ment required by law or otherwise in order to perfect, continue or terminate the security interest of the Secured Party in the
collateral and pay all costs of filing in connection therewith.
To retain possession of the collateral during the existence of this agreement and not to sell, exchange, assign, loan.
deliver, lease. moregage of otherwise dispose of same without the written consent of the Secured Party.
To keep the collateral at the location specified in the schedule and not to remove same (ezcept in the usual course of
business for temporary periods) without the prior written consent of the Secured Party.
To keep the collateral free and cleat of all liens, charges, encumbrances, razes and assessments.
To pay, when due, all razes, assessments and license fees relating to the collateral.
To keep the collateral, at Debtor's own cost and a:pense, in good repair and condition and available for inspection by
the Secured Party at all reasonable times.
To keep the collateral fully insured against loss by fire, theft and other casualties, Debtor shall give immediate
written notice to the Secured Party and to insurors of loss or damage to the collateral and shall promptly file proofs.of loss
with insurors.
THE PAR I7ES FURTHER AGREE
><'aiver of or acquiescence in any default by the Dcbtor,or failure of the Secured Patty to insist upon strict performance
by the Debtor of any warranties or agreements in this security agreemrnt, shall not constitute a waiver of any subsequent-
or other default or failure.
Notices to either party shall be in writing and shall be delivered personally of by mail addressed to the patty at the
address herein set forth or otherwise designated in writing.
The Uniform Commercial Code shall govern the rights, duties and remedies of the parties and any provisions herein de-
clared invalid antler any law shall not invalidate any other provision or this agreement.
The folbwing shall constitute a default by Debtor:
Failure to pay the principal or any installment of Qrincipal of of interest on the indebtedness or any notes when due.
Failure by Debtor to comply with or perform any provision of this agreement. False or misleading representations or war-
rantees made or given by Debtor in connection with this agreement. Subjection of the collateral to levy of ezecution or
other judicial process. Commencement of any insolvency proceeding by or against the Debtor. Death of the Debtor. Any re-
duction in the value of the collateral of any act of the Debtor which imperils the prospect of full performance or satisfaction
of the Debtor's obliggations herein.
Upon any default of the Debtor and at the option of the Secured Party, the obligations secured by this agreement shall
immediately become due and payable in full wit ut notice of demand and the Secured Party shall have all the tights, rem-
edies and privileges with respect to repossession, retention and sale of the collateral and disposition of the proceeds as
are acrnrded by the applicable sections of the Uniform Commercial Code respecting "Default".
Upon any default and upon demand, Debtor shall assemble the collateral and make it available to the Secured Patty at
the place and at the time designated in the demand,
Upon any default, the Secured Party's reasonable attorneys' fees and .the legal and other ezpenses tot pursuing,
searching for, receiving, taking, keeping, storing, advercisina, and selling the collateral shall be chargeable to the Debtor.
The Debtor shall remain liable for any deficiency resulting from s sale of the collateral sod shall pay soy sucb de-
ficiency forthwith on dem nd.
If the Debtor shall d~fault in the performance of any of the provisions of this agreement on the Debtor's part to beper-
formed, Secured Party may perform same for the Debtor's acrnunt and any monies ezpended in so doing shall be chargeable
with interest to the Debtor and added co the indebtedness secured hereby.
The Secured Party is hereby authorized to file a Financing Statement.
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MIDSTATE LEGAL SUPPLY CO. -ORLANDO. FIA.
X344 P~i067
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