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; : DEED OF TRUST , I
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THE FAITH BAPTIST CHURCH OF FORT PIF~ftCE, FLORIDA, INC. ;
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FORT PIERCE, FLO~IDA ~~i~ ~
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THIS INDENTI]RE, nade and enter~~d into this ~ day of i
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~c • , 1972, by and',between THE FAITH BAPTIST CHURCH OF i
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FORT PIERCE,~ FLORIDA, INC., FORT PIE$CE, FI.ORIDA, a corporation not for profit f
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formed for religious purposes, orgatiized pursuant to the laws of the State ' i
of Florida, being duly suthorized, and having its place of worship in Fort ~
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g~~j Pierce, Florida, or its successors in title to the property hereinafter ~
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dzscribed, hereinafter called the Church, Part of the First Part; and THE
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CITIZENS & SOUTHERIv BANK, East Point, Georgia herefnafter called the Trustee- ~
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Registrar - Paying Agent, Party of the Second Part. ~
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WITN~SSETH: !
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WHEREAS, the Church being desirous of borrowing money for the ~
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consolidation of its indebtedness, and for the expansion of its place to i
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-ix~;llt~l,~;I~~c~ ' worship as they desire, and knowing that those who lend money should have ~
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~ i~ securlty from the borrower, it is the wish of the member~-.9f tt~e- Church #
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; y,..s , that the propertq of the Church, hereinafter more particular3~ described, ; ~
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~ =-`~!j be pledged to secure the money borrawed for the debt consolidation and for ~
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I the construction and equipping of the building and/or buildings which it
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~ i'` resolution passed by the members of the Church,~suthorized the execution ~
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and issuance by the Church of nego[iable bonds, in such denominations, in i
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``=~~•••~~~~~I t: such amounts, bearing such percenttm? interest, as it is deemed to the best t
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' interest of the Church which bonds ma be issued b the Church in as man ~
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c- ~ series and in such amounts as the Church may authorize. Each bond issued !
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y will ahow the series classification, the denominaCion,numbered consecutively,~ ~
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E; the date of issue, showing the due date, amount in interest, interest date ~
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~.U~_~ F Y~I ! payable, semi-annually in accordance with the interest coupons attached, ?
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. ~ s_ ; both principal and interest payable in legal tender of the United States, ;
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~ all of which bonds are to be signed by the President, sealed with the
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, corporate seal and attested by the Secretary of THE FAITH BAPTIST CEIL'RCH OF
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FORT PIERCE, FLORIDA, INC., Fort Pierce, Florida and to be secured by ~
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~ Deed of Trust upon the property of the Church hereinafter described, which ~
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~ ` BOO~~V~ PAZE ;
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