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ER
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OR TRANSFER , SJ. ~ ~n',
AGREEMEN T NOT TO ENCUMBER ~
PROPERTY
h'~` ~
As an inducement to ~t. Lucie County ~i~le, Ft. Pierce, Ftorida (hereinafter
calted "Bank"~, to grant credit to the undersigned under a Pr°moT `o purchaser
the Sum of $ ~ys~en ~n aated
from (hereina ter cal ed " ealer")• thdated
promisaory note of the undersigned for the sum of ~
and payable to Dealer. and in consideration thereof. the
undersigned (hereinafter called "Borrowers". jointly and severa111 other~ that until
said note and any extension or renewal thereof and also any and a
indebtednesa of the Borrowers, or either of them, to Bank, whether joint or sev-
eral, heretofore or hereafter incurred and without regard to the nature thereof,
shail have been paid in full or until 21 years following the death of the last
survivor of the undereigned, whichever shall occur first, (a) Borrowers will pay •
all taxes. asaesaments, duea and charges of every kind, imposed or levied, or
~ which may be impoaed or levied upon their real u B orrcha~i es shail become~
the time when any aE such taxea, asaessments. d g
delinquent, and (b) Borrowers wili not. without the conseat in writing of Bank
first had and obtained. .(1) Create or permit any lien or other encumbrances
(other than presently existing liens and liens aecuring the payment of loans and
advances made to them by Bank) to exist on their property, real or personal, now
owned or hereafter acquired, or (2) transfer, sell, hypothecate, assign or in any
manner whatever dispoae of the said property, or any interest therein, including
specificalty. but arithout limitation, the following described real property, :
aituated in the County of st. Lucie , 3tate of Florida:
(Description of Property)
Lot 16, Block 2, Country Club Estates as per recording in the Public Records
of St. Lucie County, Florida.
~~l~ / - ~
O~ = 00.2S-GY~~O
It is further agreed antl understood that if defauit be made in the performance
of any of the terms hereof, or of any instrument executed by Borrowers in conn-
ection herewith, or in the payment of any indebtednesa ar obligation of Borrowers
now or hereafter owing to Bank. Bank may, at ita election, in addition to all other
' declare the entire remaining un-
; remedies and rights which it may have by law,
; paid principal and interest of any such obligations or indebtedness then remaining
g unpaid to the Bank due and payable forthwith.
" Borrower hereby assigns to Bank alt moneys due or to become due to Borrower
~
~ as reatal or otherwise for or on account of such real property, reserving unto -
~ Borrower the right to collect and retain any such moneys prior to Borrower's
~ default under the terms of the loan described above.
~ It is further agreed and underatood that Bank may, in its discretion. and is here-
~ b authorized and permitted by Borrowers to cause this instrument to be record-
v
ed at such t' e and in suc places as Bank may.~ its discretion e ec .
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~ Z t t-L`' FILEO AMs~ ~tE.^~ORO =
~ Wit 8 COUNTY FLA. iti
ST.IJ p ~ ~jTRAS ~ f
~ D~ed at: ,c.~z~c ~t~
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~ ST E F FLORIDA ~
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~ ~ County of . 4~~
'y - ~ ~ ~ , a Notary Public
> On L ~ 7` efore me
~y ~`'7' .ty•and~•~ e, personally appeared
~ i ,and or said - ,~•o '~~e erson(s) whoee
~ a- ~ u - ~u~r tg p
~ ~ent, and :a~~kriow ledged to me
~ na (s) is/are aubsc ibed to the within i~~. ,
~w exe,'~ut~t~' ~he `gs'tt~=
~ that - _ ~,'J~3~. •
. , -
~ y hand and official seal.
~ WITNESS m ' ` ~
~ - ~t ~ i~
Gt.L.t_C
~ NOTARY PUBUr c,~..~ M,• r~•-e r• ~ 4q~6a1~
~ MYCOIA.'•ti~s'=~~•~ Notary Public
~ a0A1DFD THRU G E N f R l. l lN~J~~^~'-: •°'WR~ BOOK H F,~f T 1
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