HomeMy WebLinkAbout0531 CHATTEL M~RTGAGE NOTE AND STATEMENT l.OAN ~oR~~~N,~~
NAME NND ADDRESS OF ?.~ORTG/1GOR(S) IENDER: UNIVERSAL G.I.T. CREOIT Ct'~MPMIY ~
/10DRESS:
Ed. D& He1en Reliford 311} No. Dixie j~~`~~~`t-~
Rt. Box 69A West Palm Beach~
Ft. Pierce~ Florida ~'lorida
~-.varr nt ~AU~ _ ~IUAAEf! 4f BaIST~IIltMS
IO/W HVMitlt vwie 'v~ i`vivi - :.r,v,.~.. = . -
2018l~ 1-6-66 s3~16.00 = 3816.00 36 ~
4AiF DVE EAGH MONTH DATE RRST @lSTA1ME?IT WE M10UNT OF RRST WSTALMENT A1~10UNT OF OTMEt RdSiALf.l@1T5 DATE RiAI t'1STAlA/FNT WE
6 2-~6-b6 ~ 106.00 : lOb.00 1..6.-69
KNOW /~lL MEN BY THESE PRESENTS, that tha undersigned, residinq at taxes and essessments out of ihe proceeds of the loan for which this mort-
the address indicated ebove, hereinafter callzd "Morfgagor" (indudinq all gage is security.
of tha undarsignod, if more than one~, is justly indebted to UNIVERS/~L Mortgaqor may refein possession of'the chetfels u~less Mortgaqor shall fail
C.I.T. CREDIT COMPANY, hereinafter called "Mortgaqee", for +he Amount to make paymont of any instalmar.t due or shall otherwise default hereunder.
of Mortqage stnted above, which includes precalculated interest at the rate Mortqeqor agrees to keep fhe chettels insured under collision end tompra-
of 10°/, per anr,um on the reducing balonce, and for tha purposo of secur~nq her.sive or fire-theft•combined additional covorage insuronce for the respec-
said Amount xith interest after maturity et the highest lawful controct rat~, tive interests of Mortgagor and Mortgagee. Mottgegee is authorized, but
togeiher with any and all future advances which may be made by Mortqaqee not required to purchase such insurence for Mortgagor and to e:ecute appli-
to Mostqaqor, and inferest thereon, in a~ amount not in excess of the steted cat~ons for tho seme. Morfgagor egraes to pay the premium therefor and
/~mounf o{ Mortgage, does by thase presents gront, bargain, sell end mort- autForizes Mortgaqee, at ifs election, to pay said premiums out of the pro-
~ qage to Mortgagee, its successprs and assigns, the chaftels described below, ceeds of the loen for which this mortgage is given as security. Mortgagor
which wiil be kept at the Mortgagor's above resi8ence or othor location indi- hereby ass~gns to Mortqeqee ony moneys not in excess of the unpeid belance
cated below. hereunder which moy becoma payable under such and any other insurance,
~ TO H/1VE AND TO HOLD said chattels unto seid Mortg3qee forevor; whether relating to persens or property, including return or unearned pre-
provided, neverthaless. that ~pon the full payment by Morlqagor to Mort- miums, and directs any insurence company to make payment direct to Mort-
qagee of the Ar-iount of Mortgage, which includes charges to maturity, qaqee to be app!ied to said unpaid balance and appoints Mortqaqee as
end whic6 amount Mortgegor agrees fo pay in tl:e manner hereinabora attorney in fect to indorse any draft.
set forth, together w~ith any and all future advences which may be made by dsfault charqe of 5% or 55.00. whichever is less, vvill be essessed on any
Mortqagee to Mortgeqor, and interest thereon, in an amount not in excess irs!al:nent past due 10 days or more. Extenzion chorges"will be computed at
of tho stated Hrnount of Mortqoge, then this mortgage shell 6e •+oid. Al) ihe rat~ of 10°„ per annum on the ~npaid balance et the time any extension
eaemptions are waived. mey bQ gronted.
Mortgaqor represents that he owrs or.d is lawfully possessed of tne Time, howe•+er, :s of the essence hereof, and in the event of detault in the
chattels, end thet the same are free frcm al{ encumbrances_ l,Aortgaqor •+~il! payment of any instalmeni, or any extension thereof, or if Mortgagor shall
werrant and defend the zame to Morfyage= aqa~nst the ciaims and demar,ds sell, assiqn, er,cumber or m~suse the chattels or attempt so to do, or if Mort-
of all pe~sons. The chattels shal! at a!I t~mes be at Mortqaqor's risk and qeqor s~all remove or aftsmpt to remove the chattels from tFe $tate in which
loss. injury or destruction of the chettel.s shall not release ~.~o~tgagor's obliqe• Mor4qayor ro++ resides, or if the chattols be uzed in violation of any statute
t~ons hereund~r. Mortqagor aqrees that all equ~pment, accessories and parfs or ord~nar,ce. or whenever Mortqagee shall in good faith deem the dabt or
added to the chatte!s shall immediate~y become part thereof by access~on. chatte!s ~nsecu~e, cr ~f Mc,rfqaqor shall fail to perform any of the ofher terms
Mortaagor agrees that withcu! hereby or there5y waivinq either any daim or provis~erz herein contained, then the entire balance shall, at the opfior.
or rights to the chattels or authorizinq their sale, mortgaqe, pledqe or etF.er of Mortqaqee. betcros due and payable forthHi'.h, without notice or demand,
dispos~tion by ihe Mortgagor ~n v~olation of thiz aqreement, this agreement and Mcr+qaqor wi!I deliver tne chattels to Mo~tgagoe, and Mortgegee may
covers, and Mortqagea may c!a~m, ary proceeds of !he chatte!s. +ake ~mrT:ediate possession thereof and, as custcdian, of anyihing found
Mortqagor agrees to pay promptly whan d::e ell tazes and assessmeris therein, and with or without ~eqal prccess, may enter any premises where
uoon said chatte!s and for their use cr operatior and up;:~ this mortqage, 1hQ cha+te!s may be +o-take poszess~on thereof, and mey seN and a~s~ose of
and to sat~;fy al! lians •+~~hich may be impressed against tfie same and if not the chattels at private or p~b!ic safe, w;th or without notice, at which sale
paid by Mortgagor, Mortgagee i; euthor~zad to pay any of the aforesaid (Continued on ofher side)
THE FOLLOWING INSURANCE PREMIUMS HAVE BEEN DEDUCTED ~ES~..RIPTION OF CHATfELS
fROM THE ABOVE INDICATED AMOUNT OF IONN: Mo19 R YEHICtE-YE?.R 8 MAKE MOD'cL
1964 Dod e only 196~ ~o ge D1C0 P.U Tr ck .
AUTO iNSURANCE EXPIRING..__ _____I~~.I.-, 19__.___ ° 6 2822 ~
~ MOTOR NUMBER
$J COMPREHENSIYE TOWING AND LASOR l~j~ ~'erguson T035 Tra 'fiOY' ~ ~ ~
~ fIRE-THER-COM6INE~ ADDITIONAL COVERA6E r ~
HOUSENOLD GQODS-/111 of the No~sehold Goods now or•ned or hereatter
$j f~Q_ DEDUCTIlLE COLLISION acquired bp Mortgagor, ar.d wherever locafed.
AUTOMOBILE INSUR/1NCE PREMIUM________.-._ .5---= - - '
.NONE ` : • , ~ 07HER CHATTElS (Describe)
CREDIT LIfE INSURANCE PREMIUM__--__---_ ~F s- 1 Se't It'@I+gU$OIl ~aenden Discs. '
CREDIT A~CIDENT ~ SIGKNESS INS. PREMIUM___ S~_
BUNK ~pCATION ~F CNA1tEL5 IF OTHER THAN MORTGi1GOR'S AODRE55
FURNITURE FIRE INSURANCE PREldIUM____-_ S_
INSURANCE COVERA6E5 HEREfN ~Q NOT INSURE IA6AINST LIAIILITY FOR dODILY INJURY OR PROPERTY DAMA6E.
f DESl6NI~TION OF INSURED ' ~
If Credit Life Insuronce is written to cover ihis in~obtbd'ness. ~ Iwe) designote as the person fo be covered thereby the individua) whose ~
signature first apoears below and undersfend thet such i~surence, if ubtained, will be for the destending belance of tne loan with original amovnt nof -
in ezcess of /~mount of Mortgage. No such insuronce is to be obteined if suth designee is 6 yeers of age or over. The same person is to be covarod
by Credif /lccidant end Sickness Ins~rance, if tained. ~ ~
MorFgaqor h~reby acknowlsd i f e copy is (~(ortgag~ and 54atems of Loan.
IN WITNESS WHEREOF, s' o g hes s~t his (their) hend(s and s 4hs d y~e "yper er ' w t~f forfh. ,
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itnats) (P.Erson, ' eny, to Ee irs d r r above Designetion)
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