HomeMy WebLinkAbout0280 ,ZCtt~~:r~cN~r HvT ~ro ~:N~urt«~ a o~i ~r~zr~NSr~r:i~ i~i~c~i~~.it~rY ~.1~1~~~
As an inducement ~o COh1Ml.l2C~AL 1311NK OF V1.(tU [;!•:ACiI to grant credit
to the urxlersigned ur~der a prc~missory ?x~te f'or the sum of S 7, 500.00
datcd June 9~ 1978 and in ca~sideration thereoC, the uridersiqned
(hereinafter called."E3orrowers"), jointly arx3 sever~lly agree that until said
note arx3 any extension.or renewal thereof and also any and all other in- .
debtedness of the 13orrawers, or either of them.to Eiank, whether joint or several,here-
tofore or hereafter incurred and without regard to the nature thereof, shall
have been paid in full or until 21 years fol].owing the death of the last surviwr
of the undersigned, which ever shall oocur first, (a) Borrc~aers will pay all
taxes, assessments, dues and charges of every kind, i~osed or levied, or which
may be i~osed or levied upon their real and per~onal property prior to the
time when any such taxes, assessments, dues or charges shall become delinquent,
arxi (b) Borrawers will not, without the oonsent in ~ariting of t3ank first had and
obtained (1) create or permit any lien or other encumbrances (other than presently
existing liens and liens securing the payment of l~ns and advances made to them
by Bank) to exist on their property, real or personal, naa owned or hereafter
acquired, or (2) transfer, F~ypothecate, assign, sell or in any manner whatever
dispose of the said property, or any interest tl~erein, including specifically, but
without limitation,~the following described real property, situated in the County
of St. Lucie , State of F'lorida.
Lot 3, OLMSTEAD PLACE, as per plat thereof on file in Plat Book 4, Page 64,
of the public records of St. Lucie County, Florida.
~ It is further agreed and understood that if de£ault is r~3e in the perfarmance
of any of the terms h~reof, or of any instrument executed by Borra~rers in
connection herewith, or in the payment of any inc3ehtedness or obligation of
6orraaers naw or hereafter awing to Bank, Bank may, at its election, in
addition to all other remec7ies and rights which it may have by law, declare the
entire remaining unpaid principal arx~ interest of any such obligations or in- ~
debtedness then-remaining unpaid to the f3ank due and payable forthwith.
It is further agreed and understood that Bank may, in its descretion, and is ~
hereby authorized and permitted t7y E3orrowers to cause this instrument to he
reoorded at such time arid in such places as Bank may, in its descretion, elect.
oated this 9th of June , 1978. .
.
l~l~i. t' ~ y~/'~~C~s c-~~ r . ~~1 • ( SF11L) s
i=~ '
tvi tness ~en" mi n siT:` Mi e~l '
'~-Y7~tJrr, z~L~.~2C1l2~ ' (S~) -
Witness Elsie M. Mikell
STA1~ OF FIARIDII
C~0[JNPY OF INDIAN RIVER
~ June 9, 1978, , t~efore me, the unclersigned, a Notary Public in
and for said County and State aforesaicl, personally appeared
BENJAMIN W. MIKELL and ELSIE M. MIKELL, his wife,
knawn to me to be the person (s} whose narr~e (s) is/are sub~-,cr ibed to the within
instrurnent ar~d ackciowledged to me that they executed the same.
.~~~s:!Fti!i,.~ .
~ ~ ? ~I. ,
-~b~~.;~ fSqrxl and oEf icial seal. .
:'~y ~ . 'Jj `;y „
: b~ ~ Tq ~ Ocz c.p(
~ - a~ ~
.i
~ I~btary Public, State of F'lorida at
' ; ,o :.",ti. ; ' . : : - " Large
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My C,~xrmission I~ires: (~'1 .~0, ~ 9k/
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:•:,~~~.~~:;t;~i~t n i.ECOi~~E~
Joan L. Morris, Asst. Vice Pres. f~~EU ~
Prepared by: Corm~ercial I3ank of Vero ~ach 51 ~?~es~p
FC~~ ~ ;.t31~ ~
P.O. Box 2767 - . r. . • = -
Vero Beach, Flarid~ 32960 ~ '
. 26 1 5z PM'~ .
.
t~, F 29~. P~~E 280 ~~~~.~4
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