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FILEO AND RECOROED
ST, LUC~E CQUhTY. F~A. Our file FS-1~,904
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164883 ~
'68 t~i~"~R 4 AM 9: ~ 3
AGRE&MENT NOT 'f0 ACCEPT OR ;
RECEIVB FUTURB ADVANCES
: ~~~-~:.S
CLERK CIRCUIT ~OURT
KNOi~i ALL MEN BY THESE PRESENTS, 'i'hat the undersigned, being
the owners in fee si~ple of the folloKing described property .
lying and being situate in ~t. I.ucie Ccunty, F2orida~
LO-MiL:
The i~t~st 40 ~eet oi iot 14 end west 40 Feet of Lot 15 ~
Block 2 ~ADAL Ti~I.M ~Uf3~ti?'I;~iON, according to the plat ~
thereof a3 r~corded 3n ?'lat Book 10, Yage 16 of the
Iliblic Records of ~t. ' ucie County, Florida.
which lands are encumbered by a certain first aortgage of?ned and
held by First Federal :~avings & Loan Association of Vero Beuch,
Florida.
Mhich ~nortgage contains provisions for future or additional
advances thereunder, for and in consideration of the su~ of ~10
and other good and valuable considerations, receipt of which is ~
hereby acknowlROSE {~ISSM~1 ~dersigned in hand paid by ~
the owner(s) and holder(s) of a second n~ortgage against said ~
property~ dated January 6, 1968 and recorded
in the Public Records of said County~ and in order to induce said
second mortgagee(s) to give, close and disburse said second
mortgage, have and do hereby agree that during the tern~ of said
second eortgage and any renexals or extensions thereof, that ~
the undersigned shall not apply for, accept or receive any t
future or further additional advances under said first mortgage ~
and shall be without capacity to so do. This agreen~ent shall be
a covenant running ~?ith the above described property and shall ~
be binding upon the undersigned~ their heirs, personal representa-
tives and assigns and aII persons or parties hereafter having or
claiming any right, title, claim or interest in and to said property.
IN WIITIESS hiHEREOF, the undersigned have hereunto set
his (her) (their) hand(s) and seal(s) this 6s~ day of January
196 8 .
Signed, sealed and delivered ~ (SEAL)
in the prese f:
~
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SEAL) ;
;
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STJITE OF FLORIDA )
COUNTY OF ~T. LUCI~:~ SS~ -
Before me thE undersigned authority personally appeared
JOaEPH PF~ONI and BLI_t~~H~'. P~;0~1I, t~i~ '.7ife
well known to se, Mho acknrnrledged before me that he (she) (they)
executed the above and foregoing Agreement for the purposes therein
expressed.
seal this w6 Esda NE~R~EOFf~Iugave hereunto set ni~;_~i~~v~f~~~al ~
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Y r'3' ~ 19 6 8 • J~ i., h ~4
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My coa~ission expires• ~ -
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June 30, 19~1 ?RMr~d ~Y 5•ar,Iey H. °,Crr•. i •-~M •~1~7~
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