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HomeMy WebLinkAbout0943 U~ ~ AGREEMEN'T NOT TO ENCUMBER OR TRANSFER ~$389$ PROPERTY ~ Sun Bank of As an inducerr?ent to%t. Lucie Couaty ~ Ft. Pierce, Ftorida (hereinafter calted "Bank"). to graat credit to the undersigned under a Promissory note for the eum of $ bas be =dated Jnne y„~ i4~~ or to purchase from (h~ereid~fter calted "Dealer")• thdated promissory note of the undersigned or the a~m of ~ and payable to Dealer, and in consideratioa thereof. th~ undereigned (hereinafter called "Borrowera", jointly and severally agree that until said note and any exteasion or reaewal thereot and also. any and all other indebtednesa of the Borrowers, or either of them, to Bank, whether joint or sev- eral, beretofore or bereafter incurred ears following the dea gof the ~ t reof. s h a l t h a v e b e s n p a i d i n f u l l o r u n t i l t 1 y survivor ot the underaigned, whichever shall occur first, (a) Borrowers w i l l pay all taxes. assesements, duea and charges of every kind, imposed or levied, or • which may be impoaed or levied upoa their real and peraonal property prior to the time when any aE such taxes, aesessments, dues or charges shall become deliaquent, and (b~ Borrowers will not, arithout the consent in writing of Bank first had and obtaiaed. .~l) Create or pernnit any lien or othea e e of loans and (other than presently existing liena and liens securing the p ym advances made to them by Bank) to exist oa their property. reat or personal, now owned or hereafter acquired, or (2) transfer, sell, hypothecate, asaign or in any manner whatever dispose of the said PTOfollow~_in r deecribed real pr pertycluding specifically, but arithout lirnitation, the g~,;tate of Florida: situated in the County af st i u~{ p - (Description of Property) - _ Lot I7 and West 13 ft. of Lot 18~ Elock 2, Sunrise ~ Park, Unit 1 as per plat thereof oa file at plat book 8 page 42 of the ~ Public Records of !t. Lncie Connty, Florida. . a a It is further agreed and understood that if defautt be made in the performance ~ b ~~f aay of the terms hereof, or of any ipstrument executed by Borrowers in conn- L ~~~$ction herewith, or in the payment of any indebtedness cr obligation of Borrowers Y ;~ow or here a f ter o w i n g t o Bank, Bank ma y, at its election, in addition to all other ~ ; : - dies and ri hts which it may have by law, declare the entire remaining un- ~ ~eme g . inin i - paid principal and iaterest of any such obligations or indebtednese then rema g ~ unpaid to the Bank due and payable forthwith• ~ ~Borrower hereby assigns to Bank all moneys due or to become due to Borrower ~ r ~s rental or otherwise for or on accaunt of such real property, reserving unto ~ ~ J ~orrower the right to collect and retain a.ny such mone ys prioz to Borrower s ~~efault under the terrris of the loan described above. It ia further agreed and understood that B8 o m u e ~s instrument to be record- ~ by a u t h o r i z e d a n d p e r m i t t e d b y B o r r o w e ed at s time and in such places as Bank m, in its discretion, elect. ~ . ~ , ` ~ ~ ' t ~ ' ~ 7- t itnesa FtlEOI?!tJ RECORDEO , ' ~t. Wcic^~ouw1Y F1.~?. G ~ Dated at: ~y,_ `Jdrwa _ F~ OYif~~ _ I~OCE ~ ~~~tR~?S CLEaK ~~';CU~j COURT ~ , ~ q~gQi:", VEPtFfED ~~a~895 LORIDA ~ 6' Z3 PM f~~ STATE OF F ~ ~ County of St. Lucie . . , a Notary Public ~ On J..=e g, t974 before me in and for said St. Lucie 4.. ~o3}nty and State, personally appeared ~ ~ ~ r.. .e n.,..sldse ' :••"'~b~.'~o_me to be the person(s) whose name(B) is/are subscribed to th _ek~i,r~~-itiet . nt and acknowledged to me ~ _ ~ _~xecu ~ ~ tdie same. that t~ev_ _ - - _ ~ f,°:- x; = ~ - WITNESS my hand and official ~?I., Y-~.~. ~ • : =s~ti;'• 4~,.. ~ ~ : _ ~ J'•F!.~,~~81) ~~L_~ t- <i ~ ~-y ~ Q ~qQ sr~re oF no+~ro~ ~T u~ P~ 9~. C:-` ~.~.V Nota SION EIfvIRFS APR. 18. 19'77 ~OtiDEpTHRU GENERAI INSURANCE UNDERWRITERS ~ ~ ' - - - - - ~ ~~.r,.~` _ zLv.r"K z . „ e53..~-~~a a.,i~., _ . .