HomeMy WebLinkAbout0357 ~ 24595~
~4gneentie~~t Not To E~u~n,lr~n on T pno
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KJ161b T~NE T6at the UndersiRned. hereinafter called the "Botrowers", for and ~n
consideration of the sum of TEN DOLLARS (510,00) and other good and valuable considerations unto them in hand
paid. the receipt whereof is hereby acknowledged~ and for tfie purpose of inducing "First Natl Bank of .
FORT PIERCE, a Flodda baakin c~or ration hereina er e e"Bank" co grant ctedit to the unde~ ed
under a romis~~to~~cy note in the g nci~l sum of Z ~ dated _~an 15. 1 y~~
~ ~s~~ ~I~i##~f~#~If~~#.~k#~~1~Y?~~ib~~~#i~`
~ ~~~~~~~,~t~~e undetsigne ere-
by joint y a~xl severaIIy oovenant. prom e
an~agree as fo ws~ to-wit:
1. So long as the note hereinabove referred to. or anypo
rtion thereof. a any extension or rene wal thereof. and
alsoanyandallother indebtedneuofthe Bormwers. or either of them, to said Bank, whether Joint or several. here-
tofore or hereaftet incurred~ of any nature whaucever. shall remain unpaid~ eithet before or af[er the maturity
_ thereof, the said Borrowets will do tbe foliowing things~ to•wit:
~ (a) Pay promptly w6en due all fire and windstorm insurance premiums, taxes. acsessments. dues and charges of
every kiad imposed or levied u p on their real and personal property prior to the time when any such sums shall
~ $ ti beeome delinquent or in defau it; and
` r~, w.~ (b) Promptly pay when due any and all sums due and owing on any mortgage or other encumbrance on the prop-
` Sy~.~ ertyhereinafter described and will never suffer or permit any mottgage lien or encumbrance thereon to be-
come delinquent or go into default, ~
2, The Borroaen agree that they will not. without first procuring the oonsent in writing of the said Bank here-~~
g~ after cceate or p ermit an y lien or other encumbrance to exist on their property~ real orpe nonal, now owned or here-
K a~?; after acqutred by them ineluding. but not limited to. the property hereinafter desc7i6ed, ~~s
z~~~ 3. TheBorrowena g
ree t ha t t
h ey s h a ll n
o
t h a v e t h e p
r i
v i l e g
e, n
o
r w i l l t
h e y s e l
l. t
r a n s f
e r, a s s
i g
n. h y p o t h e c a~ e. r a
o~ ~ in any manner whatevet. dispose o f the property~ or any interest therein. awned by them. including specifically~
~ ~ ~ not limited to. the following real estate sitaate. tu-wtt: (Description of Property) o~
A r.~ r
~ ~ A~Ao
~A ° Lot 1 and 2 less Road Right of Way, and SLY 8' of Lot 6 COBBS m~,~,~->
~ ` _
e~ ~ PARK TERRACE, also known as 1406 Delaware Avenue, St, Lucie ~~~~Z
County, Florida F o~o~m
~ w ~-1=A
n~~0
. ~~Q O ]D
s "
M " f ~?0
so long as any indebtedness or obllgation shall rernain unpaid as hereinabove zeferred to in Patagraph 1. ~
4, If the Borrowecs shall default in any of the covenanu. promises. and agreements herein contained to be ma~y
done. and performed by chem. or if they shall attempt to uansfer. sell, hypothecate. dispose of or encumbet any of ~
t6e propeny of the Borrowers without first procuring the concent in writin of the Hank tt~erefor. then in either or any ~
of sach evenu~ the Ba»k may, in addition to anp and all other rights a~ich the Bank may have. declare the entire
remaining unpaid prine(pal and interest of any such obligations or indebtednesses then remaining unpaid to the Bank.
~s due and payable fort6with and shall. as security for payment thereof. have a lien on all of the property of the Bor-
l. rowen. both real and penonal, includit~g, but nat limtted to, the real estate hereinabove described. ~hich lien may \
o be enforced by foreclosure in t6e same manner as a motcgage may be enforced for default,
~ ~
t~, IN WTTNESS WHEREOF~ the undersigned have hereunto set their hands and seals at Fort Fierce ~
~ St. Lucie 15th
~ y County of ~ State of Florida, this day of January ~9 73
u '
V Signed sealed and delivered in the resence of:
_ ~ a ~ ~ L/ , ~ ~
c, '
i. ~r-7 xan er l~zsse anac wEAL)
~ ~ / ~ ~
_ .r.c~~ ~ 6C'!Cf 'i~~~ ,.-.s . ' (SEAL)
~ _ Ethel Ja e~~ -
o
~ STATE OF FLORIDA ~T LUC'TF
~ 3 x COUNTY OF
f o
~ ~ ~ Alexander
BEFORE h4E~ a Notary Public In and fa che State of Florida at Large. personally appeared
f~ Q
a Russell Banack and Ethel Jane Banack ,~is wife known to me to be thep~. rson(s) whose
names(s) is/are subscribed to the withfn instrument and acknowledgrd to rne that he executed the same for the
purRoaes therefi expreued, -
.WITNESS mqhana and official seal at Fort Pier _e ~ County of St T,i~riQ .
State of ~lorida, chts ~ 15 day of_ 7anuary ~ lg 73 i~~ •
. . ~~r
,
. ~ ~ 1~'t,Cc:~ ~ / l-' L_
(SEALj (:~otary Publ Sta~~p f F~l+v ~~at Large) ,
Nct~,y ~,5 ^ f. los~. a a arge
" My Commission Expires ~'•y : ~::7:-..:-~~ ~t~ =*a~r:s ;.~b. 3J, t9%~
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