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n~~,~t Not To E~u~un~?~, o~, T p~o
~9 ~
That the UndenlAned. here[nafter called che "Borrowen". for and in
consideratioa of the :um of TEN DOLLARS (i10.00) and other Aood and valuable consideratiotu unto them in hand
pa!d, the receipt whereof b hereby ackaowledged. and fa tbe rurpose of inducing Fir9t National Bank
FORT PIERCE. a Flprida baaking oorporadoa~ here~aa~ttr4ca~d the "Bank". to g~rant credi~,un~o the uad ign~?5
under a promissory note in the ci 1 ~um of i 6 dated r e ruary~,- iy
dtxO~AAiA9~i
t!~ undenigaed here-
by ioiaty aad uverally ooveaaat. pcomise and a~ee as folb~+s. oo•witt
1. So bag as the note hereinsbave refetred to. a~ aaypo
rtton thereof. a any exteasioa or nneMal thereof. and
aboanyandallother indebtedneuofthe Borrowen. or elther of them, to said Bank whether ioiat ot:everal. here- ;
tofore ot~ hereafter incu~ed~ of an ~ nsture Nhaucever. shall remain unpaid. eit~er before a after the maturity !
chereof. the ssid Borrowen ~?1U do ~e folbwinng thiags. to-~vit: ~
(a) Pay promptly when due all fire and Mindstorm iniuraacepremiums. tsxes, aaessmena. dues and charges of ~
every kind impcued a levied upon their real and personsl~ropeny prior to the time when any such sums shall ~
beoome delinquent a ia defauk; and ~
(b) Promptlypay whendue anyand all ~ums dtie and oMing on any mortgage a aher encumbrance on che prop- ~
ertyhereinaker desctibed aad will aever suffer or permit any tnortgage lien or encumbrance thereon to be-
come delinquent a go into default.
2. The Borrowen agree t6at they will not~ without first procuring the oonsent in writWg of the said eank here-
after create a permit any lien arother encumbtaace to exist oa their~o pertp. real orpe noaal. ooN owned ot here-
afcer acquired by them including. but not llmited to. theprope rty Tieteiaafter described.
3. The Borrowers agree that they shall not have the privi eI ge~ nor will they sell, transfer. ss~ign. hypothecate. oc
in anq maaner whatever. dispose of the property~ or any interest tberein, oNned by them. including specifically~ but ~
not flmited to. the following real estste situate. to-wit: (De:cripdon of Property)
i
1431-131-0000-000/0 801
31 34 40 (14. 90ACj E 536. ? Ft. of N 1217. 5 Ft. of SW 1/4 of
NE 1/4 (19)
w long as any indebtednesi or obligation shall remain ungaid as hereinabove referted to !n Parag~aph 1,
4~ If the Borrowen shall default fn anyof the covenanu. Qromhe:, and agreemenu herein co~ained to be made.
done~ and performed by them, or if they shall attempt ~o uaasfer. sell~ hypothecate. dispoae of or encumber any of
the property of ~he Borrowen without fint pcSl~ring the conient in ~vriting of the Bank therefor, then ia either or sny
of such evenu. the Bank may. in addition to any and all other righu w~ich the Bank may have. declare the entire ;
remaining unpaid principal and interest of aay such obligadons ~ indebtednesses then remaining unpaid to the Bank. . i
due and papable forthwith and shall. as secvritq fotpa ymeat thereof. have a llen on all of the property of the Bor-
rowen. both real and personal. including. but not limited to, the real estate hereinabove described. which llen may
be enforced by faeclosure in the same manner as s mortgage may be eaf~ced for default, ~
IId WTfNESS WHEREOF. the undecsigaed have hereunto set thetr hands and seah at Fort Pierce
Councy of St. Lucie ~ Stace of Florida. this ?th day of - February ~ 19 ?5 •
Signed. :ealed aad dellvered in tbe presence of: ,
i~ ~ .
- ~ ~ ~.C~~-~'~'~~a-~ ~
? (SEAL)
, ~ William E ce ~
(SEAL) ~
Marga t ~~ow~~Grace i
:
STATE OF FLORIDA ST_ LUCIE
~ COUNTY OF
I
~ BEFORE ME~ a Notary Public in and fa the State of Florida at Large. penonally appeared William E.
I
~
Grace and Mar~aret Grace, his wife '
i - known to me to be thepe non(s) whose
names(s) is/are subscribed to the aithin instrument aad acknowledged to me that he executed the same for the
F purposes theretn expressed.
~
~ WITNESS my hand and official sesl at - Fort PierCe , Couaty of St. LuCie , ~
F
~ . : . 3
~ Sace.oiipio~Ma~•;d~ls 7th day of February ~ ig 75 ' - ~
F ~A~~~ a; ~je~''~~
3 ~ ' f
S
y ~ v ••'~~~~~1~~ . '
~ . ?~1~~+/~~.
~ ~ At~',~¢f: . (Notary Public. at Florida t Large)
` ~~A •
~ ~3~, P~~hiir~ C4~40 61 T~6lI~a 8E ~1'gp x
~ . " ~ ,z ~ My Commission Ex~M~6qr
~ . : `P ,r. „ : My Commission Expires Aug. 30, 1976
~ ~ 1.~ '
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~'.k-.`% ~ , • FIL.~~ AA1? i~OQ /
k, , i7_f.YCiE C~n~IA.
~ ~ '.j~(:~+,+ ~ *,'~>~r"'~'~°'~;,:~, ROtEn ~'W~S
~ Thu n~i~t:~?as` prepued by: Shirley J. McSwain CLERK Ci?~IiiT C~4RT ~
= RfC~R~ YEP.:FIE~
yE Address: First National Bank of Fort Pierce
~ Post Office Box 970 ~ ~0 iZ ~•r5
; Fort Pierce, Florida 33450
~ 301337 ~
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