HomeMy WebLinkAbout2937 ~Ua.eo~ ~
nee~n.e~~t Not To En~un6v~ on T~au+e~ii, p~op~by
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Thst the Undenljp?ed, hereinafcer caUed the "Borrowen". foc and !n
consideratioaof the sum of TEN DOLLARS (i10.00) anc! ocher good and valuable consideratioas unto chem in 6and
paid, the receipt whereof 1s hereby acknowledged, and fa tFie purpose of inducing First National Bank
FORT PIERCE a Fbrida baakin co rattop, her~ aj~ ea d the "Bank", to a~t credit unto he unda i
under a promissory note Ln the pgtinci~l sum of i 6•~O~ ~ dated ~
~e
the uaderttgned here-
by ~oiaty and :eversUy ooveaaat. pcomise and sg~ree u folbws, to-Mit:
1. So bng u the note hereiaabove refeired to. a anypo~tion theceof. oc any exte~ion or reneral thereof. and
also any and allother lndebtedneuof the Borrowen~ or etther of them, to said Bank. whether ~oint or several. here-
tofae a heresfter incurred~ of an ~ nature Mhaucever, shall remain unpaid, either before a afcer the matur[ty
thereof. the said Borrowen ~rill do t~ folbwinag things. to-~vits
(a} Pay promptly whea due sll fUe and windstam insurancepremiumi. taxes, aae{smenu. dues and charges of
every kiad imposed a levied upon thelr real and penonal~roperry ptior to t6e time when any such sums shaU
beoome delinquent a!n default; and
(b) Promptly pay whea due sny and all sums due and owing on any mortgage or other encumbrance oa the prop• ,
~ ertyhereinafter described and wl11 never suffer or permit any mortgage lien ot encumbrance theraon to be-
come delinquent or go into default. i
2. The Horrowen agtee that they will not, a~ithout fim procuring the oonsent in wricing of the said Bank here-
after create or permit any llen a othet encumbrance to exist on theirproperty. real orpe nonal. cwM owned or htre-
after acqutred by them iacluding~ but not limited to. theproperty hereinafter described.
3. The Borrowen ag~ree that theq shall not have the privilege, nor will they sell~ transfer, assign. 6ypothecs~e. a
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!n any maaner 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: (Descrlption of Property) ;
Marvilla Terrace Block 12, East 1/2 of Lot 52nd All Lot 6 ;
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03 - oo%
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so long as any indebtedness or obligadon shall remain unpaid as hereinabove referred to ia Paragraph 1.
4. If the Borrowers shalldefaultinanyofthe covenanu, promises~ and agreements herein oontained to be made~
done~ and performed by them. or if they s6all attempt to transfer. sell. hypothecate. dhpose of or encumber any of
the property of the Botrowers without fint procuring the coment in writin of the Bank therefa. then in either or aay
of such evenu, the eank may, in addidon to an and aII other rights w~ich the Bank may have~ deelare the entire
remaining unpsid pri~~cipal and interest of any suc~ obligadons ~ indebtednesses thea remaining unpaid to the Bank.
due and papable forthwith and shsll. as security forpa yment thereof, have a liea on all of the pcoperty of the Bor-
rowen. both real and penonal. including. but not limlted to, the real estate hereinabove described, which llen may
be enfotced by faeclosure in the same manner as a mortgage may be enforced for default.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seah at ~ort Pierce
.
County of St. Lucie ~ State of Florida. this 27tT-day of March ~ lg ?5 .
Signe ~d and de d in th sence of:
~
. Jo . ~ essel ~S
L. ~
; :
I R y L' • Yr~ e ~ '
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; STATE OF LORIDA St. Lucie ~
i COUNTY OF
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~ BEFORE ME~ a rocary Public in:nd fa the State of Florida at Large. personally appeued John H.
~ Fessel and Ruby L. Fessel, his wife known co me tobe thepenon(:) whose
r names(s) is/are subscribed to the within insuument and acknowledged to me that he executed the same ior tbe
i purposes therein expreued,
s
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~ wITNBSS~ay,hsnd and official seal ac Fort Pierce , Couacy of St. Lucie ~
~ ;j,`,.~•,, ,
~ 5c~ta ofFloi[da,'t~ts~ 27th day of March lg ?5 : , ~
~ . ~T%-:t~,~~ ' - ~ Z`'
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_ . . (Notary Pub . Sta of Flor a at l.arge) ,
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My Commission Expites
~ - : _ ~ .s ~On x;:..~ ,,.,ti. Qt 197~ ~
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This instrument wu Prepued by: S~liTley J. McSwain ~~E~~~~~c 9~ RAS ~
~ ~c^/' yr 'vt~ COURT ~ -
K. ~,t_ ~ ~
Address: First National Bank of Fort Pierce y~~
- Post Office Box 970 - r7Alf 3~ ¢
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Fort Pierce, Florida 33450 Ay TS '
~ 3~~Q~ a
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U k 23~ 293 ~
~ BOOK PACE 5
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