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T6at the UndersiAned. hereinafter called the "Borrowen". for and in
consideration of the sum of TEN DOLLARS (=10.00) and othe~ good and valuable conslderations unto them in hsnd
paid. tt~e receipt whereof ~ hereby acW~owledged. and fa ciie purpose of inducing First National Bank
FORT PIERCE~ a Flortda baaking corporation~ herg~rts~t,~ ca,~1~ d the "Bank", to g~anc aedi4 _unto th nde~si~
under a promissory note !n the pdncipal ~um of i~~ y~~- Gv dsted _Nov. 1975
the undecstgned here-
by foiaty and severaUy coveaant. prombc and a~ree ~ folbws. to-wits
1. So long u the note hereinabave referred to. or anypo
rtion thereof, a any extenslon or re~eral thereof, and
ako any aad allother indebtednessof tbe 8orrowet~~ oc eithet of them, to said Bank whethe~ ioiat or :ereral, here-
tofae a hereafter incutred~ of an)~ aature whatscever. shall remain unpaid~ either before or afte~ the maturlty
chereof, the sald Borrowen ~vlU do the folbwin things. to-~ritt
r
(a) Pay promptly when due a11 flre and win storm in:urancepremtums~ taxes. auessmenu. dues and charges of
every kind imposed or levied upon thefr real snd personalpropettypriortothetime wheaaay such sums shall
beoome delinquent a in default; and
(b) Promptly psy whea due any and all sums due and owing o~ any matgage or other eacunnbtance oa t6e prop-
erty hereinafter described and will never suffer or permit any mortgage lien or encumbrance thereon to be-
come delinquent or go into default.
2, The Horrowen agree that they will not, without fGst~iuing the oonsent in wrtting of the said Bank here-
after create a permit sny llen or other encumbrance to exist on theirproperty~ real orpe rsonal~ aow owned or here-
after acqutred by them including. but not limited to, theproperty heretnaiter desctibed.
3. The Borrowen agree that they shall not have the privi el ge. nor wiD they sell, transfer~ assign~ hypothecate, a
in any manner ahatever. dispose of the propercy~ or any iaterest therein. owned by them. including specifically~ but
na limited to. che following resl estate sicuste~ to-wic: (Description of Property)
S-30 Ft. , Government Lot #4, N- 90 Ft. , N-28 Rods of S 1/2
of SE 1/4, Section 26, To~vnship 35, Range 40-S
Parcel 38
Tax ID # 24Z6-413~0008- 0~,~~
RAISERS •
so long as any indebtedneu or obllgation shall remain~unpai~ as ~ereinabove referted to !a Parag~raph 1. ;i ~
4, If t6e Borrowen shall default in any of the covenanu. promise:~ and agreemena herein oo~ained to be made,
done. and performed by chem~ or if they shall attempt m uansfer. sell. 6ypothecate. dispose of or encumber any of ~
the property of the Borrowers wichout finc prceuring the oonsent in writin of the Bank therefor. then in e[ther or sny ~
ot~luch evenu~ the Bank may~ in addition co any and all other righu w~ich the Bank may have. declare the entire
r~fnaining unpaid principal and interest of any such obligadons or indebtednesses theo remaining unpsid to the Bank~
due and payable forthwlth and shaU. as security fotpa yment thereof. have a llen on all of the property of the Bor-
cowen, both real and penonal. including. but not limited to. the real estate hereinabove described. which lien may
be enforced by foreclosure !n the same mannet as a mortgage may be enforctd for default,
IN WTTNESS WHEREOF~ the undersigned have hereunto set their hands and seah at Fort Pie rCe
county of St. Lucie ~ stace of Florida. chLs 20th day of November ~ iy 75 ,
Slgned~ sealed xnd delivered in the p~esence of: ' .
r 7 / U j~ , sEAI.
ce . or in ~ ~
~ . ~ . ? ~ r
~ (SEAL)
~ ~ J a R. -~'~igp+ers) .
STATE OF FLORIDA St. Lucie
COUI3TY OF
f
I BEFORE ME~ a\otary Pu~lic in and for the State of Florida at l.arge. personally appeared Vance R.
E Corbin and Julia R. Corbin, his wife known to rne to be thepe rson(s) whose
names(s) Islare subscribed co the arithin tnstrument and acknowledged to me that he executed the same for the
purposes therein expressed,
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f WITNESS my hand and official ~eal at Fort Pie rce ~ Councy of _ St. Lucie ~
E
's
Scate of Fiortda, this 20th ~ay of~o?ember 19 3.~
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s (SEAL) (Notary Pubii tate 9f F ds l;r,~j ~
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r My Commission Exp(res N °
~ MY Commission Exp:res Aug.'30,"~ ~ ~ =
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~ This instrument wu prepued by: Shirley J. McSwain ~ ~
~ First Natio:~al Bank of Fort Pierce
` Address: post Office Box 970
r Fort Pierce, Florida 33450
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