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HomeMy WebLinkAbout2530 ~Gb~i:~U~ - n~n~en,t Not To En~~u~lfi~ o~ T pno ~ ~ ~9 t~~ That t6e Ur.dersiRned. herei~after called the "Borrowers", for and !n considerationof the su,n of TEN DOLI.ARS (i10.00) snd other good and valuable co~uideracions unto them in hand ps1d. the receipt ~?hereof 1s heteby ackaowledged~ and fa cEie purpose of tnducing First National Bank FORT PIERCE a Flodda baakin oor atioa hereinahgr d~e Baak" to g~anc credic tp h dersigned under a promissory ~ote ln the ~iacip~al sum of = i•~~~ 1° ~ dated 1~ 1~~`~'~ ortopurchasefrom - non - hereia refened to as "Dealer". the promistory nae of the undecsigned for the sum of = . dated . and payable to Dealer~ the undenigned here- by Joiady and :everally oovenant. promise aad agree as follovn. to-wit: 1. So bng ss the note hereinabove referred to. a a~ypo rtion thereof. a any extension or rene wai chereof. and alsoanyandallother indebtedneuofthe eorrowen, or either of them, to said Bank. whether )oint or several. here- cofore or hereafter incuned. of an • aanue Mhaucever. stull remain unpsid. either before or after the maturtty thereof, the said eorrowen aill do ~e fol1owing things~ to•wit: (a) Pay ptomptly when due all fire and windstorm insuraacepremtums. tsxes. aaessmenu. dues and Charges of every kind impased o~ levted upon their real and petsonalpropeny prior to the time when aay such sums shall beoome delinquent or in default; aad (D) Promptly pa~ when due any and all sums dde and owing on any mortgage or other encumbrance on the prop- erty hereinsfter described aad will never suffer or permit any mortgage lien or encumbrance thereon to be- come delinqueat or go into default. 2. The Borrowen agree that they ~?iU not, without first procuring che eonsent in writing of the said Bank here- after ereate or permit aay llea a other encumbrance to exist on theirpropercy. real orpen onal, now owned or hete- after acquired by them including. but not llmlted co, theproperty fiereinaftec described. ~ 3. The Borrowen agree ctiat theyshall not have the privilege. nor wiII they sell, uamfer. assign. hypothecate. or in sny manner whatever. dispose of the property. or any interest therein. owned by them~ including specifically. but na llmited to, the following real estate situate. to-wit; (Description of Property) Model Land Co's S/D of 6-36-40 N. 220 Feet of S. 1/Z of Lots - 1, 2. and 3, iess E 50 Ft of Lot 1-In NE 1/4,. St. Lucie ~ County, Florida - so long as any indebtednesi or obligation shail remain unpaid as hereinabove refened to !n Paragtaph 1. - 4, If the Borrowers shalldefaultinanyofthe covenanu. promises. and agreemenu herein contained m be raade. done~ sndperformedby them, or if they shall attempt to transfer~ sell~ hypothecate. dispoae of or eacumber any of the ptoperty of the Borrowen wlthout fint procuriag the cotuent in writin of the Bank therefor. then in either or any of suc6 eveau. the Bank may. ia addition to any and all other righu w~ich the Bank may have. declare the eatire rernaining unpaid prlneipal and intetest of any such obligaHons or tndebtednesses then remaining nnpaid ta the Bank. due and pa able fat6with and shall, as security forpa yment tltereof. have a lien oa all of the property of the Bor- towen~ bot~ reat andpenonal~ including. but not limited to~ the real esUte hereinabove described. which lien msy be enforced by faeclosure in the same manner as a mortgage may be enforced for default. IN WTfNESS ~YHEREOF. the undeni~ed have hereunto set their hands and sealt at Fort Pierce ~ . County of St. Lucie ~ State of Fiorida~ thts . day of October ~ 19 73 Signed. sealed aad deliyered in the presence of: ~F_ Il~ : ~c~`u.. ~ ~ (SEAL) ~ ~ ^ ~ • f 1 Joh Monk ~ AL) ~ v ' ~ a e . nowen) ' STATE OE FLORIDASt. Lucie COUNTY OF BEFORE ME~ a Notuy Public in and fa the State of Florida at Large. penonaIIy appeared John A. ; Monk and Faye H. Monk, his wife icnown co me to be thepe rson(s) ~+hose names(s) is/are subscribed to the ~rIthin lcnvument and acknowledged to me that he eaecuted the same fa the - t purposes therein expressed, i ~ i WITNESS my hand and offictal seal at Fort Pierce , County of St, Lucie . ~ " 10 aa of October lg 73 ~ scacs of ~brld"a: Ih~s y ~ ' ! - ~G ° ~ ' ~ 1 ~ • ~ ) T i~ _ - ~ - ~ ~ . (I3otuY Public ta e pf Fbrida pt l.arge) • ~ ' 1~~,~ • My Commission Exptres e of Florida at Large ~ , • ~ ~ My Commission Expires Aug• . i TF~i st I ationa~`~ankb~f FI~r~Y~iercell z y3 : naa~«~_ p. o. BoX 9~0 ~a ~ 3• - o~ o~ aus ~ ~MS~ ~ ~ Fort Pierce, Florida 33450 ~ Y MlRp1Ai(i ln A~Ar*i!t 71-131, ~1~~ _ i ~ER POITRIIC /C!t,..~. j _ 26,~30g u~ac c~~anr couar, sr. u~E oo, rtw ~ ~ i~~iuciE~ou~Y ~ aac~~ ro~tn~s , a~ERR c,r:cun cou~t ~ RECOUD YEa'`~EO.....~~ } 3 ~ ~l;:~K~~~7 ?'AGt f i~ ~ zS PM'~~ 2529 ~ s: : - ~ . . _ _ . a j ~ v.y'~:.,: G~~.~...,_ . . - " - . . . . . '_'sxs~