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HomeMy WebLinkAbout2834 222435 y - ~ ~(g~e~n,e~~t No~ To E,u~ur~G~r, on T pne ~auus~, ~ That the UndersiAned. herei:tafter called the "Botrowets". fot and in cansideradon of the sum of TEN DOLLARS (=10.00) and other~ and valuable considerations unto them in hand paid. the recetpt whereof b hereby acknow2~Cged. and for e purpose of tnducing FirsE National Bank FORe a I~RCE, a Flodda banking eorporation, here~r ~ed~,e "Bank"~ to gant czedit tu~o ~he.~dersigned 7~v e ~ ~ ~ ~i~ ~ che unae~~f1E1~~f by joint~yand severally oovenant. promise and agxee as folbwn~ oo-wit; 1, So long ss the note tteretaabove refeaed to. a aaypo rtion thereof, a any extension or renewal thereof, and ~ alsoanyandaliother indebtedneuofthe Borrowen, or etther of them. to said Bank~ whether ioint or several~ here- tofote or hereafter incurted~ of any nature w6aucever~ shall remain unpaid. either before or after the maturity ,3 thereof. the safd Borreaert will do the following things. to-wit: : o~ (a) Pay pr~omptly when due sll fire and wittdstorm insurancepr emiums. taxes, acseuments. dues and char es of J}~ every kind impoaed or letried upon their real snd personalproperty prior to the tiine when aay such surruSshall Q beoome deliuquent or in default~ and ' n (b) Promptly pay when due any and all sums due and owing on any mortgage or other encumbrance on the prop- ertyhereinafter described and will never suffer or permit any mortgage tfen or encumbrance thereor~ to be- oome delinquent or go into default. 2, The Borrowers agree that they will not~ without first proc~uing the oonsent in writing of the said Bank here- after create or p~rr,:it an y liea or other encumbrance to extst on theirpro p erty~ real orpe no nal, n ow o w n e d o r h e r e- W after acquired by them including, but not limtted to, t6ep~operty fiereinafter descxibed. ~ ~ 3. The eorrowen agree that they shaU not have the priviTege~ nor will they sell. tratufer. assign, hypothecate. or ~ 3 in any manner whatever. dispose of che property~ or any interest therein. oaned by them. including :pecifically~ but : o~~ na limited to. the following real eatate situate. to-wit: (Descri ption of Pro p ert y) i , ~ l _ T 4 ~ y~_~ East 1!L of Lot 8, less North 50 feet, and East s 1/L of Lots 10 and 12, MARAVILLA TERRACE, ' y~ S'r. Lucie, County, Florida ~ o so long as any indebtedneu or obllgation shall remain unpaid as hereinabove referred to in Paragraph 1. ~ 4, ff the Borrowers shall default fn any of the covenanu. promises. and agreemenu herein contained to be made. ~ M done. and performed by ttiem. or [f they shall attempt to uansfer. sell~ hypothecate~ dispaae of or encumber any of - ' a,, the property of the Borrowen witbout fint procuring the consent in writin of the Bank therefor. chen in either or any ~ ~ of such events~ the Banic may~ in addition to any and all other righu w~ich the Bank may 6ave~ declare the entire remaining unpaid principal and interest of any such obligations or indebtednestes then remaining unpald oo the Bank. ' ~,ij due andps able forthwith and shsll, as security for payment thereof. have a lien on all of t6e property of the Bor- ~ rowen. bot~ real and personal. includit?g~ but not limited to~ the real estate hereinabove described. which llen may E y o be enforced by faecloaure Ln the same mac?ner as a mortgage may be enforced for default, ~ ~ N ~ U`+ IN R'1TNESS WHEREOF~ the undenigned have hereunto set thelr hands and seals at Fort FiaxCO . ~ ~ v Counry of St. Lucie ~ State of Florida, chis 7th day of D~~=embe r , 19 ?I ~ ~ ~ ; ~.o y Si ed~ sealed an ~delivered in the presence of: ~ ~ ~ ~ ` - ~ ~ ~ z - ~ ; (SEAL) ~ ; i o , ~ James C. Hes* ~ ; ; ~ ~ ~ ~ a e A. H (SEAL) o r~p~~' ~ p ~~tgrvd~ers) ~ o eo - n A - ~ DA~~2 a~ STATE OF FWRID~t. Lucie ` -^c v°o ~ C+ y~ COUNTY OF - m c o~~ t, 3 O ~ p -i _~=t<h' M~ nA-~0 J' 'v ~ > < BEPORE ME~ a Notary Publlc in and for the State of Florida at [.arge. personally appeared = ; 2~ O sv ~ James C. Hester and Ma`ael A. Hester , his wife - known to me ro be thepe non(s) whose L1~ names(s) is/are subscribed to the ~rtthin instrument and acknowledged co me that he executed the same for the ~ purposes thereia expraued; ; . wITTvESS my hand snA offiotal real ac Fort Pie rce , Councy of St. Lucie ~ State of Florida, chis 7th ~+ay of- December ~ lg 71 ' (SEAL) (Notary Public. State of Fbrida at Large) ~ R ~~V~~, ~ii;Tk:.y+~,_',r! v:~' ~fnnf,.~;I at (;eRf ~ M Comm(ssion Ex fres G~, ,,.~-.."""S nr? I n, 1974 ECJK 198 PAC~ Y P .