HomeMy WebLinkAbout0023 ~ ~CHATTEL IviORTGAG~ NOTE AND STATEMENT OF LQAN OR161NA1
N/161E /WO A90RESS OF MORTGAfOR(S) tENOEe: UNIYERSAL C.l.T. CREDIT COMPANY
~ RUBY ISE flAHN ~o~R~ss: 311 N0. I1IX~E H'~tTY.
123 NC~. 22ND STREET W. PAI,M BF~ACH~ FLA.
FnRT PIERC~, rIARIDA
IOAN NUMiEI DATE OF IOAN AMOUNT Of MORTGAGE AMOUNT Of IOAN NUM6Elt OF INSTALMBiTS
2oi65 12-7-65 :i 8. = i 8 8 ~
s~
DAiE DUE EACH MONTH DATE RSfST B~ISiA1MFNT WE AMOIMT OF RRSi WSTAlA1Q1T AMOUNT Of OTMER MSTAIM@JTS DATE F~1At iNSTA1M87T DUF
-.22ND -22-66 s s -
KNOW /1Ll MEN BY THESE PRESENTS, thet fhe undersigned, residin~ et taxes and assossmenTs out of ths proceeds of the loan for which this mort-
the addrezs indicated above,~hareinaiter called "Mortqagor" (including all gage is security.
of the undersigned, if mora Ihan one), is justly indobted to UNIVERSNI Mortqaqor may retain pessession of the chattels untess Mortgagor shall fail
C.I.T. CREDIT COMPANY, hareinaifer called "Mortgagee", for the Amount te meko payment of any instalmsnt due or sholl othetwise dafault hereunder.
oS Mortqaqe steted above, which inc!udes precalculeted interesf at the rate Mortyagor egrees to keep ihe chattels insured under coliision and compre-
of i0% per annum on ihe reducinq balance, end for the purpese of securing hensive or lire-lheft•combined additional coveroge insurence ~or the respec-
seid Amount wiih inlerost after ma~urity at the h~ghest lawful conltoct rate, tive interests of Morfgagor end Moriqagee. Mottgagee is authorized, but
togefher with any ond all future advances wfiic!~ may ba made by Mortqar~ae nut required to purchase such insuronce for Mortgagor end fo e:ecute apnli-
" to Mortgagor, and interest thereoa, in an amount not in eYCess of the stated cations for the same. Mortgagor agrees to pay ihe premium iherafor and
Amount of Mortgage, does by thnse presents gront, b~rgain, sell and mori- authorizes Mortqayee, at its elQCtion, to pay said premiums out of the pro-
gage to Mortgaqee, its successors and assigns, the chettels oescribed below, ceeds of the loan for which this mortgage is given es sec~rity. Mortgagor
~ which will be kept tt the Mortgagor's above resider,ce or other locet~on indi- horeby assiqns to Mor~gagee any moneys not in excoss of tha unpaid balanco
cated below. hereunder which may becoma poyable under sucfi and any other insurence,
TO HAVE AND TO HOLD said chattels unto said Mortgagee {orover; ~rhother r9lating to persons or property, includ~ng return or unaarned pre-
provided, nevertheless, that upon the full payment by Mortqaqor to Mort- miums, ard directs any insurar.ce company to ma4e payment direcl to Mort-
qagee of the Amount of Mortgage, wh~ch includes charges to mafurity, qaqee to be applied to said unpa:d ba!anca ar.d appoinfis Mortgagea as
and which amoun4 Mortgagor egrees +o pay in #hs manner herainabove attorney in fect to indorse any droft.
sat forth, toqether with any and ell future edvances which mey be ma~e k.y A defeult cherge of 5% or s5.00, whichever is less, wi11 be assessed on any
Mortgagee to Mortgagor, and interest thereon, in an amount not in excess instalment past due 10 deys or more. Extension charges wilf be computad at
of the stated Amount cf Mortgage, then this mo;tgaqe si~all be void. All the rote of t0°jo per annum on the unpaid balonca at tha time any extension
eiemptionz are waived. may be granted.
Mortgagor ~epresents thet he ov.~ns and is lawful!y poss~ssed of the Time, howsver, is of the essence horeof, and in the event of default in the
chattels, ar.d that the same are irae from ail encumbrences. Mortgeqor wiil payment of any instalrnent, or any extension tnereof, or if Morfqaqor shall
warrant and defend the zame to Mortgagee aqainst the claims and domends sell,'esygn, encumber or mizuse tfio cl~atteis or attempt so io do, or if Mort-
of ail persons. The chattels sha!i at ai! times be at Mortqaqor's risk and qaqor shall remove or attempt to remove ~he chattels from the $tate in which
loss, injury or destrucffon of the chatteis sha!! r.ot release Merfgagor's obliqa• Mortqaqo. no•++ resides, or if the chaltels be used in v~olation of eny statute
t~ons hereunde.. Mortgagor ayrees that a!I equipment, accessories and perts or ordinarce, or whenever Morfqageo sha!I ~n qocd fa~th deem the debi or
added to ihF chatte!s snall immediately become part fhereof by accessicn. chattels insecure, or if Mortgagor shall fail t~ pei{orm any of ths other terms
Mortqegor agrees tF.at without hereby or thereby waiving either ar,y c~aim or provisions herein contained, then the ent~re balance shall, at ~he option
' or rights 'o 'he chattels cr authoriz~nq the+r sa~e, mortgage, p!edqe or other of Morigaqeo, become due and payable forf4with, withcut r.o!ice or demand,
d:sposit:en ~y the Morfqaqor in ro!ation of this aqreement, th;s agreement and Mortqagor will deliver the chattels to Mortgagee, and Mortgagee may
; covers, and Mertgjaee may c!a~m, any preceeds of the chatteis. take ~mmediafe possession thereof a~d, as custodian, of anything found
Mortgagc~ agrees to pay premotly when due a(I faKes ard assessments thzre~n, and W~th or witncu! legal prccesz, mey enter any premises wharQ
upon said chatte:s and for their use or operotior and upon ihis mortgage, the chatte~s may be to take possess~on teereof, and may seli and dispose of
and to sat~sfy a~l I;ens wfiich may be impressed against the same and if no! !he cr.attels at private cr publ~c sale, ~+~th ar w~thuufi notice, at which sale
paid by Mort~aqor, Mortgagee is authorized to pey any of ths aforesaid (Continued on ofher side)
THE FOLLOVti`IN6 INSURANCE PREMIUMS HAYE BEEN DEDUCTEU DESCRIPT~OY OF C?iATtELS
FROM THE ABOVE INDICATED AMOUNT OF LC'AN: n<o~oc ~ENic~~-YCn~ a?.+nKe R40DE!
AUTO INSURANCE EXiIRIN6 __~'~'I'_IGIBI~'!, 19
SER1Al NUMBER M.OTOR MUMBER
COMPREHENSIYE 0 TOWIN6 AND UBOR
? fIRE-TNEfT-COMBINED ADDITIONAL COVERAGE
HOUSEHOLD GOODS-Atl of tF.e Househo!d Goods r.c.v owr,ed or F.ereafter
, DEDUCTIBLE COLUSION ac uired by Mortgagor, ord w;.erever tccated.
: AUTOMOBILE INSURANCE PREMIUM ___.NU~v,{;~_ S _
NONE - - ~ OTHER CFiATTEIS {Oescribe) 123 22~ S•rrs
CRE~IT UFE INSURANCE PREMIUM-___...__ X_ ~F S_ . `
CREDIT A~CIDENT 6 SICKNESS INS. PREMIUM_X s 1ST MORTGA~- OrJ PROPERTY AT FiOR^1 P ~ '
BUNK _ _
1 LOCATION OF CHATTEIS IF OTHER THAN MORTGAGOR'S /1DDRE55
FURNITURE FIRE INSURANCE PREMIUM___1~IQI~_/ S- ~
INSURANCE COVERA6E5 HEREIN ~O NOT INSURE A6AINST LIAtILITY fOR DODILY IN.lURY OR PROPERTY OAMA6E.
DESIGNATION OF INSURED
If Credit L~fa (nsurance is written to corar this indebtedness. I Iwe~ designate as the person to be covered thereby tfie individuel whose
s~gnature first appears below end underst nd thet sucfi insuronce, if obteined, will be for tho descending belance of the loan with originel amount not
in eccess of Amou~f of Mortgege. No su h insurance is to ba obteined if such ~esignee is 65 years of ege or o~er. Tha same nsrson is to bo covared
by Credit Accident and Sickness Insuranc , if obtained.
MorFgagu hen6y ae4nowledg~s r eipt of a eo of this ortgags end Statsenent o Loan.
~.IN WITNESS WHEREO , s id M gagor(s) : hars) s hi: (their) hand(s) en seel~s) the dey end year harein bove sef forth.
~ - ~ . . (LS.)
(Wit ss) (Person, ii an , o be insured under -bove~0esignetion) '
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