HomeMy WebLinkAbout1706 The u~ders~pnsd Ae~eby jo~mly, sever~lly •nd in wlido uncond~t~on~lly pv~r~ntee fo Firsl :1at~onal R.snk ol Comm~rce ~n New Orts~nf, ~ts s~:ceswrs, ~~~iqn
transltreH snd lndorsets, ~he punc~ud paymen~ of IAe note on the .evene hereo( •nd oi e~:h e¦rension ~n,f rene+.N ~he.eol, u m~~vnty or when ~Ae ti~me ihs~~ o~h~r-
w~se become doe ~n ~ccord~nce w~~~ rhe prov~s~ont rh~reuf, ~nd. hw,np taken coqn~zance ol •~1 the terms, cond ~~on~, wa:vers e~d apreemenes ot ~he ~~.d ~ote, hsreby
eproe rh~~ •11 suc6 te~ma, cond~nons, w~~ven •rd egreemsnts sh~ll be b~nd~np upon the unde~a~Qned, and escA o~ them. Me .~1en~qned ~ereby w~~v.nq prese~rr~~N
for p~ymen•, demand, protdt and not~ce o~ pruteti~ ~~d nomp~yrnent, and also ~II pleas ol d~v•s~on snd d~sc~si~on. •nd ~preNn~ M~t the GabJny ol ~he v~das~pned i•
•~d shell be ~o~nt, seve.~l and ~n sol~do wi~h eac?+ other ~nd w~th ~he meker or m~kers ol tAe s~~d note.
The ~nders~pned ~u.iher ~9ree thst ~he s~~d no~e may be ea~endcd Irom t~me la Ume. ~h~t •ny o~ ~he m~lers, endorse~~, w~ef•es or pvu~mors tAereot m~y al
sny t.me be re~eased m wFOle or ~n p~rt (rom theu ob~~ysr~oni tAe~eunder and IMt the Secw~ty lor ~h! p~yml~t_ ~herlol m~y be frum ~.me ro ?:me e.chanped, su~~endered
o. oTnerw~ie de~~~ w~tA as rhe hofder o! the sa~d note m~y defe~m~ne, without, m•ny o( s~~d even~s, nohce to or furrher ~sient o1 ~he vnder~~pned or •ny of ~h~m, •11,
c} whom s~~el~ rem~~n bound ~n sol~do norw~ths~~nd~~q ~ny eatens:on o1 the s~~d no~e, the rele~se o( ~ny meker, endorse•, su~ety or pwr~nror thereof or r~e e,~cMnq~,
wnender o~ orher desl~nq wlth ~he sec~nry ~heretor.
The s~~d no~e and each eatens+on ~nd~or renewd tAe~eo1 •~d sny •nd every o~her deb~. I~sbitity •nd obl~pehon ~o F~rs~ Nationat Bank of Commerce in N~w
Orteens ~D ~o the sum o1 t«enty~lrve milLon (s25,000,00000) dollsrs, wAe~h~r d~rett o~ ~nd~rr_t, ~bw~ute or contmgent, I~qv~dated or untiq~~de~ed, due or to betom~
d;,e. end whether now ex~sunq o~ hereafrer •r~s~nq, of the parnes herero •s de(~ne~ m the s~~d nore, or •ny o( them, are ~nd sh~ll be secureJ by ihe p~cdpe o( tM
1ot•.ow~ng sxur~hei ~nd/or propeAy:
1. Deed of Trust in the sum of $3,ono,onn~(10 ~are~t a4 of March ?~l9-~~
irom The Carlton Corporation to Joseph G. Lier Trustee, for the benefit of
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2. Deed of Trust in the sum of $3,000,000.00 dated as of March l, 1975
from The Carlton Companies to Joseph G. Lier, Trustee, for the benefit of
II an k Tc o v e r i~~-aTT ''=-5• v ~ m~ t n 7 v t-r&(F~~ A-(.~~ .3-E~'~-v ~ ~ ~ •
3. Mortgage in the sum of $3.0OO,OC0.00 dated as of March 1_ 7975
from Blackacre Realty Corp. to Bank, cove~itig approximately 76 acres,
St. Lucie Countv_ Florida_
4. Assignment of Note and Liens frnm Carlton Inve$tment Company with
respect to a , 7, 5.40 Note dated Lecen~ner 20, 1973 made by Dixon,
Garfield, McCall~ SLtr1S ~4 Ce ~ Tr~~stPP
5. Assignment of Nore and Liens from The Carlton Companies with respect
' to a 113,172.22 Note dated June 27, 1912 made by B. B. Short.
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~ 6. Assignment of Note and Liens fr~~m The Carlton Corporatioti with re-
~ ~Gt-t-a-~,~~, ~5-3-;-QOe ^-v^--~~ e-t e ~z~d-~~ . , fi-y Rga- :
~ :•fanagement Company, Trustee. ~
7. Security Agreement executed by .T, C. Deal coverin~ 10,000 sharp4 ~
of the capital stock of The Carlton Corporation.
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• T1iE CARLTON CO RPORAT ION ~
__~.y_ /s/ I. C. Deal
President
- 800K ~JO PACE 1 ~O~ .
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