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AGREi,~'I~idT AS TO API'LICA`i'IO:d OF
SECURITY 11~~dll YARTIAL 1~L~:ASE OF
i~O1~TGAG~ ~
'icilS hGRELi•ir~NT, >~lacie as of this the ~i`e" day of
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~~over:~er, A. D. 1965, by and netcleen FLURIDA i;ATIQ~IAL ~t~;JK AT
ORLANDO, a ~lationa~ ;~anking .~ssociation, as Yarty of the f'irst
Part, hereinai ter called "i3ank" , CL;~1 ~~:R i.Ai~;. COR°ORATIO:~ , a ~
C~ s
1 ~'lorida cor~~oration, ~n~ C~~J`Ti:R LAKL CORPORt~T~O.~l, AS iRU~T~i;,
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as Party ~f the Second Yart, he.reinaf tei called "Cen ~er Lake" ~
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and r RANK L.. PURPURA, as Party of tne Third °art, izereinaf ~er ~
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calleci "Pur; ura" ; ~
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~:~ii~:REAS , Cen~er Laice and t'urpura are severally indebted ~
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to th~ ~ank, Cente.r Lake ~ein~; indebteci in the amount ~f One
. q
t~ ;~undred Twenty-rive `~housanci Doli.ars ($125,OU0.00) plus accrued _
interest, pursuant to Y rom:~ssary note of ~eptern:~er 10, 1~65, and ~
t'ur~uz~a bein~ indei~teci in tiie amount of Seventy-five lhousand
a ,
~ollars ($75,000.00) ~lus accrued interest, pursuant to promissory
note of ~epter;ber 10, 1~65; a::d,
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.vii~,'K~A~, at tne ~ir,le a~ creation o~ said indebtedness the
sa,.;~ was secured ~y Center L.aice acting for itsel~ , and as trustee
for itself, and Purpura, ~y tne clelivery or a~~~rtain ;n~rtga6e
aated 5e~t~;nber 10, 1.965 anc~ recorded in Official :ecords 3ook
12b , Page 376 , PuUlic i?ecords or ~t. Lucie Courity, :'lori~a, anci
t~y assi~~;nr.ient of a certain note datec: Au~,ust 23, 1965 from i~?ab~l
Cor~oration, assi~;nMent cr said note and the r:iart~;age SZCUZ'1T1g it
being reeordzd in Ozficial l.ecords :~ook 12b ,:'a~;~ 3&0 ,~~ublic
Recorcis of ~~t. Lucie County, Floricia; and,
r~:i~:~:t,t;~ , Centez~ La;ce and Purpura i;ave a~;reed tc~
cia.visivn of ;~ai~~ ~led~,eu a:~d mor~:a~_=,ed a.~sets as petween tnerr.selves ~
as a result of wnicn the note dated Au~;u~t 23, i9o5 frorn ;~iaael
f~O.~Rx
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