HomeMy WebLinkAbout2186 ~ ~ ~ 314.'~f ~ ~
~au~e~ p~by
'~t~n~e++~ Not To o~ T p~o
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T~ Tbat the Undenifpned, here[nafter called the "Boaowen". foc and tq '
cocuide:atioaof the ium of TEN DOLLARS (i10,00) aad ot6er ~tood ar~d vsluable co~uideration~ unto them !n haad
paid~ the receipt ~rhereoi is bereby ackaowledged, snd fa tbe rurposc of inducing First Nat'onal Bank
FORT PIERCE. s Fbrida bwking aorpaation. huein~i~e~~eal~ the "Bank". co grram credit unto ~ under~igaed
under a pcomluory note ia the pciacipal sum oI = • dated Augua ~ I975
uadersigaed here-
by ~o yand severally em~eaant. pcomise and agRea as folb~, to-~vit:
1. So loag u the note hereiaabo~re referred to. a aayp~ ttieroof. a any exteasion a rene~al thereof. and
also any aad allother tndebtedaestof the Bocrowen, a eitbet of them. tQ uid Bank. Whecher ~oiat oc :everal. here-
tofore a heresRer incuzred. of an)• aature ~r6at:oever. s6all remain unpatd. eitber befae oc after the maturlty
thereof. the said 8orroNers will do th folbri~ thiog~~ to•wits
(s) Par promptly Mhea due all flre and wind~itarn-insursncepremiums, axes. aaepmena. dues and charges of
every kind lmposed a levied upo~ thetr real aad per:onaltropercy pria to the time w6en any suc6 sums shaU
beoome delinqueat a in defsult; and .
(b) Promptly pa~r when due any and all sums d~e and owiug oa any matgage or other encumbrance oa the prop•
e.rtyhereinaftu described and w!ll aevu suffer a permtt aay mortgage liea a eacumbrance therean to be-
come dellnquent ago iato defaul4
- 2 The eorro~ren agree that they atU not. ~vit6out fint pcoeuring the ootuent ia wrlting of the uid eanic here- '
sfter create oc permit aay liea a ocher encumbraace m exist oa theicproperty. real orpe~ona 1. caN owned a here- ' ~
after acQulred by them including. but aot llmited to. theptoperty Tiereinahu deseribed. -
9. The eocrowen ag~ree that the ~ull not have the p~ivilege. oot will they sell. uuufer. aulgn, hypothecate. a
r
ia an~r manner wbatever, dispose o the pcoperty. or any iutere:t therein. o~vaed by them. includtng specificaUy. but
not llmited to. the following real euate situate, to•Mit: (Descr[ption of Pcoperty)
San Lucie Plaza S/D Unit one Blk 46 Lots 6 and ?
/~o~• 7~.~ • l> 9~f CU
so loag ss any indebtedaest or obllgadoa shall cemain unpaid as hereinabove referted to in Parag~raph 1.
4. If the Bon~owers shalldefauh~naayofthe covenanu. promises~ and agreements hereia oontained to be made.
done, aad performed by them. or if they shall actempt m uamfer. sell. 6ypothecate. dispae of or encumbec anr of
the pcoperty of the Baro~ren ~rithout fim p:oeuring the ooasent in ~vriting of the Banlc therefa, then in eithec or any
of such evena, the Haak may. in addidoa to any and all othet righu wbich t6e Bsak msy have. deeLre the entire
temsining unpaid principal and interest of any sudt obllgations ar lndebtednesses thea remaining unpaid m the Baak~
due aad pa able forth~rith and shaU, as security forpa
yment thereof. 6a~re a llen on all af the property of the Bor-
rowers.~realandpersonal,including.but not limited to, the real esute hereinabave deicrlbed. which lien may
be eafaced by faeclosure in the same msnner as a mortgage msy be enforced for default.
IN WITNESS WHEREOF. the undenigaed have hereunto set their hands and :eals at Fort Pierce ~ ~
~ St. Lucie , state of Flatda, thls 4th day of Auguat ~ 19 ?5
Signed.sealed and delivered in the pcesence of:
~ _~1~~
June M. Cheatham (SEAL)
(SEAL)
(Borrowers)
STATE OF FLORIDA Saint Lucie 2
COUNTY OF
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HEFOItE ME, a Noary Publlc in and fa the State of Florida ai [.arge. penonally appeued
f June M. Cheatham kno,~, co me co be cheperson(s) wbose
! nimes(s) is/are subscribed to the ~rtthin tasnrumem and aclmoWledged to me that he executed the same for t6e
i piuposes thereta expressed,
~
~ ' "~`.-1 ~ Fort Pierce St. Lucie
_ wtx`NESS:~fiy~and~aod ofHcial seal at . County of .
~ l'~ ' . J • J I ~f~ 4 , J ~
',$tatZ p~f P~t[~s;'t~i ~:.~ay of 18 ~ _
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~
. ' 'l~ ~SEAL) : cti . tuq Pub~[c~S~t~df~Large)
, ~ ~ : r .-~r~: _ Nc,tary Wblic~ ~ 5~ ig76 -
~ ~ u E~ j' ~s My CommWion Exptres ~T.~~~^
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Thit instrument was prepued by: Nancy G. Smith, First National Bank of Fort Pierce
;
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~ Address: post Office Box 970 , Fort 1~ierce, Florida 33450
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~ IN PAYUENT OF T11X~
f~~E~ R~EIYED
~ f1l`~~ ~~.OVNTr D!~ ON qASB'C IIITAlIGIBI.E rERSOf1Al PROPERI~1.
~t• R4v~s r'~ `AII~~ upS ~ pURSIMW~ ~0 qMspTER 71M•13~4. ACiS OF 19/1~C
r "'.~~~j vo IN~s~ IV~~~n.~
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