HomeMy WebLinkAbout1490 ,~ty~u~u~~t Not To Er~un~, o~, T~o~na~, P~op~y
T6at the Under~l~ed. heteiaaher callecl the "BocroMen"~ foc ud ia
consideratioaof tAe sum of TEN DOLLARS (=10~00) aud other~ and valusDle oonsideratioiu unto them in haad
paid, the receipt Mhereof b bueby ackiwrlodged. and !a e purpose of tnducing Fir't Nat~nal Bank
r yc~
FORT P1EttC8, a Fbdda baaking oorpaacion. here fc ea tbe "Baak". co giraac credic co
under a pcomissory note in tbe princi 1 snm of i 8 ~ept
, the w~deesigned hare-
by y ~evera oovenaat. peom sg~ee a~ oo-~rit:
1. So bag as the note herelnaba?e refetred ~o. a aayp~~ theroof. a sny entensioa a reaewal thereof, aad
also any aad sllother iadebtodaeuof tha eatroMen. a elther of them. to uid Baak. vhether ioinc a u~eral. here-
toface a hereafter incutted. of aay nsture ~rhatsoe~er. s6a11 remain uapaid. eitber befoce ar after che matuiity
chereof. the sa[d 8arowen will do the folb~in~ t6ings. to-~rih ~
(a) Pay promptlq Mhea due all fire aad win~itam-iasarancepremi~u. taxa. asse~unenu. dues aad chuges of
' every kind imposed a~ 3eded upon thefr real sad permaalrcepetcy pcia to the time Mhea any sueh ams :6a11
beoome delinqueat a in default= and
(b) Promptly pay Nhen due aay and all sums d~e snd owing oa aay matgage a other encumbrance oa the pcop-
erty hereinafte: described and will aever suffer or permit aay m~rtgage lien a encumbrance thereon to be-
oome delinquent ago iato default.
2. The Borro~ren agree ihat ther will not. .vithout flr:t procuring c!?e oon:ent !a ~rritiug of the satd Bank hen•
aRer eceace ae petmtt say Len a other eaeumbranoe to exbt on t6eir p~operty. real ~ pedrsonsl. noM oNned a here-
after acquired by them ineluding, but not llmited to. thep~operty Fieteinaftu de: ibe
s. Tlee eoerowen agree tluc theqshaU not have the privt eI ge, oa wiU they sell. aaasfer, udgn. hypothecate. a
in any msmer ~rhacever. dispose of the property. a~ any iaterest thecein. oMned by tbem. iacludta speclHcall~r but
~wt llmited to. the following real esiate situate, to-aic: (Desai~on of PropectY) LQt 1Q, ~lcZCk 2, -T'~Opical
Beach Subdivision, "according to Plat thereo recorded in Plat tioox y, page 6,
public records of St. Lucie County , Florida
The South 40 Ft. of Lot 9, Block Z, Tropical Beach Subdivision, more particularly
deacribed as all that part of Lot 9 lying within 40 feet of the line dividi.ng said Lots 9
and 10, Block 2, Tropical Beach Subdivi9ion, as per plat thereof recorded in Plat
B~i~n~3s ~ny~ndeli6~dae~ ~
obtpgadoai slurlfremaTn$unpaia a's hereinibove~re~neix~t
Fin Paii~aph 1,
4. the eorrowees ah~lldefault fn any of t6e o~vensms. promises, aad ag~reemeaa herein ooauined m be msde.
~ done. and performed by tbem, or if they s6all actempt eo ua~fer, ~11. hypothecate. dispose of a encumber aay of
the property of the Botroaren ~rithout fim procuring the oo~ent in Mriting ot the Bank therefoc. thea in eithu ~ any
of :uch evenb. the Bank maq. in addition to aay and sll ocher righu ~~ich the Bank may ha~e, de~Lre the endre
remsiaing unpaid pNncipa1 and interest of any wch obligations a lndebte~iuessea then temaiaing unpaid e~ the Bank,
due and pa ab3e fat6wit6 and shall. as security fotpsyment thereof. ha~e a lien on all of the pe~operty of the Bor-
mwen. ~ real sndperwnal. includtag. but not limlted to. the real esute hereinabove dac~ibed.-~vhlch lien may
he enfaced bq faecLosure in the same maaaer as a mortgsge may be eafaced for default,
IN WITNESS WHER6bF. the undersigned have hereunto set their hands aad seals at Fort PieTCe ~
County of St_ Jlucie , State of Florida. this 5th day of -~egtember ~ 19 75
Si~ aled a~ ered in the eseace of: ' , ~
Wi iam F. Wataon (sE~t.)
(SEAL)
(Bocrowen)
STATE OF FLORIDA
COUNTY OF St_ Lucie ~~a/r l/~~1~QD~`OD~ ~
a
B EFORE ME, a Notuy Publlc in aad foc the State of F1orida at Luge, penoaaIIy appeued
' William F. Watson------ ro~ to be thepeno~:) whose
' names(s) is/are subscribed to the within iastrumem aad aclmowledged to me that he executed tbe ume for the
~ purpcne: therein expreued,
4
I
~ WITNESS my hand and official seal at Fort Pierce - ~ Co~~ pf St. Lucie ~
;
; • E~c~e~~~~{a, chis 5th ~~y September ~ 19 75 '
~ ,
~ ~ =
E ~ • A ~ ••f ~ ~ I (Notuy Publl Stat brida t Luge)
" .;~t;~~
~ ' - ; ~ , ' - s~p ef Florida at Cs?~
; ~ ~ ~ My Commission Expires }~~~FubQc
~ %s ,o• i \,t • r: res Au 30. 197 _
~ , ,J .0 My Commission Expi 8• g
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~'~it~ inst~vment wu prepared by: Shirley J. MCSwSiII
~
€ Address: First National Bank of Fort Pierce
E Post Office Bos 970
; Fort Pierce, Florida 33450
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FEU. S"'Z ~~~F!
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~ REC(`1a~iF~ •f;f~ IIOiER ~p, M. :
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3163~9 BO~K 243 PACE 14~
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