HomeMy WebLinkAbout2227 ;~sos~s
Not To E, on T~~, p~op~uty
~9
nww~ T6at the UndeatRned. hereinafter called th~• "Borrowers", fur and in
considcrattonof the sum of TEN DOLLARS (=10~00) and other good and valuable considerations unto them !n hand
patd. the rece[pt whereof is hereby ackaowledged. and for cFie purposc of Inducing First National Bank
FORT PIERCE, a Florida baaking corporstion~ hereinaft~~ ~~d~ "Bank". to gran~acra ~t~ri4,t~e~und~r~(~rled
under a promiaory noce int~i~ incipsl sum of = A 1 r4
or to purchase from i"~ herein referred to as "Dealer". the promissory note of the
undersigned for tbe sum of i . dated . and payable to Dealer. the undenigned here-
by jointly and severaUy aovenant. pcomise and agree as follows, to-wit:
1, so bag as the note hereinabove refeaed m. or anypo
rtion thereof~ a any extension or tenewal the~eof~ and
also any sad allother indebtednessof the Borrowen. or either of them, to said Bank~ whether Joint or several, here-
cofore or heceafter incuired~ of an nature whaucever, shall remain unpaid~ either before or after the maturity
thereof. the said Bonowen will do the folbwing things. to-wit:
(a) Pay promptly when due all fire and windstorm insurancepremiums. taxes, aaessments, dues and charges of
every kind imposed or levied upon their teal and persona~property prior to the time when any such sums shall
beoome delinquent or in defauu; and
(b) Promptlppay whendue anyand sll sums due and owing on any mortgage or other encumbrance on the prop-
erty 6ereinafter desctibed sad will never :uffer or permit any mortgage lten ot encumbrance thereon to be-
come delinquent a go into default.
2. The Borrowus agree that chey will not. without first procuring the rnnsent in writing of the said Bank here-
after create a permit any 1len ococher encumbrance co exist on theirpro
perty. reai otpe nonal. now owned or here-
after acquired by chem including. but aot limited to. the property fiereinafter described,
3. The eo~rowen agcee thac they shallnot have the privilege, ~or will they sell, cransfer. assign. hypothecate. a
in anY manner whatever, dispose of the property. or any interest therein. owned by them. lncluding specifically, but
not Lmiced to. the follow~ing real estace situate. to-wit: (Description of Property)
N. 1/3 of NW 1/4 of SW 1/4 of NW 1/4 less S. 100 Ft, less W. 40 Ft.
of road right of way. Section 19~ range 35, township 40~ St. Lucie
County~ Florida.
so long as any indebtedne~s or obllgation shall remain unpaid as hereinabove referted to in Pazagrap6 1.
4, If the Borroaen sr,alldefaultfaanyofthe covenanu. promises. and agreements herein contained to be made.
done. aad performed by them. or if they shall attempt to transfer~ sell. hypothecate~ dispose of ot encumber any of
the property of the Botrowers without fint procuring the consent in writing of the Bank therefor. then in either or any
of such erenu. the eank may. in addition to any and all other righu wl~ich the Bank may have~ declare the entire
rzmaining unpaid principal and interest of any such obliga[ions or indebtednesses thea remaining unpaid to the Bank,
due and payable forthwlch and shall, as security forpa yment thereof~ have a lien on all of the property of ehe Bor-
rowen. bo[h real and personal. including, but not limited to~ the real estate hereinabove described, which lien may
be enforced by faeclosure in [he same manner as a mongage may be enforced for defaulc, ,4
It~t WITI~E~S KHEREOF, the undersigned have hereunto set thetr hands and seals at Fort Fierce ~
Councv of St. Lucie ~~tate of Florida~ chis 24 day of April ~ 19 74
; si~za. sealed and delivered in the presence of:
~ SEAL
~ ' ~~t; i F ~ ~f u ~ ( )
R - e a er anac
s f ' _
' ~y` C?J'~ `i ~ ~a'lL ~'c-~= 7t ii _ ~ (SEAL)
~ Ja S. Bar~
~ wen)
a _ .
s
~ STATE OF FLORIDA ST. LUCIE
~ COLNTY OF
= BEFORE ~SE~ a~ocary Public in and for the State of Florida at Large, personally appeared Alexander
~ ~
~ R. Banack and Jane S. Banack, his ~vife
: known to me to be thepe rson(s) whose
~ names(s) is/are subscribed to the avithin instrument and acknowledged to me that he executed the same for the
purposes ther2ln expressed, _
Y~
~ Fort Pierce ~ St. Lucie
~ «'IT\ES: my hand and official seal at , County of •
~ ~ . ' 24 April ?4 - •
State of Florida. ~rhii• day of , 19
~ v~ - , t ~ ~ ~i L v~' >L- l!- ~
r
L; . ; ~ ~ ~S~L~ . ' _ (Nocary Publ~, State of Florida at Large)
~_-~~is.
~j_ . 3 " .
~ ' ' My Commission Expires -p " ~t'+' ~f F!or;da at Large
: h1y Commission Exp~~ es Aug. 30, 1976
~s> ~ . . .
This instrument wu prepued by: Irene Sewell
First i tion 1 B k of Ft P'erce
''~t Address: ~ O. ~ox ~~0, Fort ~ierce, Florida
~
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