HomeMy WebLinkAbout0262 ~ Arnold 21102 ~
. 296168 .
~etn~e~~t Not To o~ T~ou~e~, ~op~y
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j~ Tbat the Undani~ed, hereinaket called the "eocrowen". for and in ~
oocuidentionof the sum ot?EN DOLLARS (i10.00) ud ather~ aad raluable oonsideratioas unto them in hand
pa!d, the receipt ~rheroot U haeb~ acknowledged, aad far e rurpose of Inducing First National Bank
pORT p1ERCE. a F1~ida bankiag aapowtion. hue~u $~r~es~d the 'Baak", to gtant credii unto the undcs~f~ed
uader a promi~so~oo~~ !a the prindpsl sum of =3~ u dated September a, 1973
ac to pureLase from N one 6erein cefeaed to u"Desler'. th~s promi~ocy nae of the
uader:i fa t~ wm of = - . dated - - - - - - - - . aad psyable to Dealer. the ~denlgned 6ere-
b~ J~ aad se~erall~? ao~renaat. peombe and agree as folb~rs. to•wit:
l. So ud~enotehereinaba?erefecredo~. a any pation thereof. a any exteasioa a reneral thereof. aad
sboanysndaLocha indeDtedneuofd~e Eonowers. a eit6ar of them, to saW Bank. ~rhecber Joinc or ~reral. here-
mfa~e e~ h~ceager incuered~ of any nsture whanoe~u. s6au nmain unpaid. eitha befae a after the tnaturlty
chereof. the uia earo.rers wtu ao c6e follo.iag c6ing,s. to-.?la
(s) Par pcomptly when due all flte snd wtnasmrm 1c~uance ptemiums. caxe~. sae~uucuts. du~s an.i vt?i~~~ ~f
arerr ldnd imposed a 3e~ied upoa thei~ real aad penoaai~roperq pria to ~he time ~rhen any :uch iums :hall
beoome deltaqueat a in default; snd ~
(b) prwnPtl~?Wr vbendue aayand all:was d~e and o~ring oa u~y mactgage or other encumbraace on the pcop•
ertyhueiaafter de~cdbed and w!ll ne~er suffer or permlt aay mortgage llea a eacumbrance tbereon to be-
ooma delfaQuent ago into defsult.
T6e Boirowen ag~ea ihat the~ aill not. ait6o~t flrn pcocurin8 the oonseat ia ~vrtting of tbe uid Hank here•
after creste a permit any llea aother eacumbrance to exist oa their pe~opecty. teal or pe,noaal. aoN o~ned ot here-
aher aequiced by them iacluding. bnt not l[mlted to. the rt~? Tiereiaafter deacribed.
3. TheeoerowenagReethatthey shaIInot ha~e the pri ege. na willthey sell. traosfer~ auign~ hypothecste, a
in sny msnnec ~rhste~e,r, dispose ofthe pcaperty. or any iatue~t tberein, o~rued by them. ineluding apeeifieally. but
noe iimiced to, the following real estace sicnue. to•.ic: (Descr[pdoa of Property)
Lot 5, Block 4, REPLAT OF PALM GAR.DENS, according to the plat thereof
on file in plat book 12, page 42, public records of St. Lucie County, Florida
SAID PROgERTY FORMERLY DESCRIBED AS:
Lot 8 and the East 30 feet of Lot 9(Less the North 5 feet of Lota 8& 9) all
in Block 4, of COLLINS PARK, as ~er plat thereof on file in Plat book page 37,
Public records of St. Lucie County Florid . -
so 1ong as aar indebtedne~a ac obllgadon shall remii'a uapsid ~~einabove referred to !n Puagpph 1.
4, U the Borro.ire.~s shall defauh in suyof the ao~enants. pcomises. and a~reemeau hueia oomsined to be made.
done. aad perfamod by them, ar if ther shall attempt oo traosfu. sell. hypotbecste. dispose of a Eacumber sny of
the propertyof the Boczn~ren witbout flnt pcocuringthe eonsent in ~vritiug of the Bank therefa. then ia either a any
of such events. the estil~ mty, in addicion to snr and aII ather dghu w~ich the Bank may ha~e. deelare tbe entire
remainiaguapaid pclndpal and intereu of wy wcl~ obligatioas ar indebtedne3tes then cemainiag unpsid oo the Bank,
due andpaya6le fathwith and shall. as socuQiq? forpaymeat thereof. l~are. a lien oa all of the pmperty of the Bor-
roxers, botb real aadperso al,lneludiag. but not Hmited to, the real estate hereiaabave descrlbed.-wh~ch 11en may
be enforced by fa~ec~a~ue in tbe ssme maaner u s mortgage mar be enfaoed for defaul~
IN w1TNESS wH6REOF. d?e undersi~ned hsve hereuaco sec $,eir hands and seals ac Fort Pierce ~
~ St. Lucie ~~ate of Flalda. this 2~h dsy of . November ~ 19 Z`~ ~
~
Signed.sesled and dell~eced in t~e presence of: " y
/ . ~ ~`1 - - ~ (SEAL) .
~ ~ • ~ , , -
t~ LCJ d.-.-s~- ~ _ (SEAL) .
' • (Eorrowen) -
~ STATE OF FIARIDA St. Lucie
~ COUNTY OF ~
- .
~ BEFORE ME. a Notary Puhlic in aad fa the State of Florida at Luge. personaUy appeued Ted H. ~
~ - ~
~ A rnn1A a.+.~ Wanda L Arnold, his wife lmown co me to be theperaon(:) whose
~ names(:) ts/are subscribed to the ~rithin tasuumeat aad acknowledged co me that he executed t~ee same fa the '
purposes thetein expcessed, , .
WIT~.~and and ofHcial seal ac Fort Pierce ~ Coanry of St. Lucie . s
_ I }.!~4~1~ /~~iy • F
_ ~ 20th Lr ~
S~~t~l ~=y ~ November 19 ?4 J ~
~
~,,'C: j: tlas ; :
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• (Notuy Publlc. at brida Large)
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~ - , 4~~ T'ti ~ M Commission Ezpires
- y , suc
_ ~ . ~ ~ _ ; M~ Cotnmission Expires Aug. 30, 1976
'"',,~'~P U ~ L~ G,~ ~ :
~ F ~ A~Y - YY e .~~~~R s~I - . ' .
, ~jt~ !+i u y} ~
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r 7 ~a~~.
~ .
~ . ~ pr p y: Shirley McSwain
was e ared b
.`~~`irat National Bank of Fort Pierce
~~s' Post Office Box 970, Fort Pierce, Florida 33450
~ f L£0 AlID AECOROEO
S~- OCEtCPONRAS`~~~~~-Q
CLERK C!'CUiT Gp~V"w'~ ,
RECORn y~~t~~~EO...~...-~~ ~
HoV 2~ 9 0~ ANI'1~ ~
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