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Zhis ~cculpatAry Agreanent entered into by and between oDIOt~NADES OOt~IDO- ~
MII~IItM AS90CIATIQ3S, #1 thr~augh #9, inclusively, First Party, hereaft~er referred
to as ~sociations, ar~d FT. PIII~E ~Tft[~.TI~I OO~ORATT~I, Il~1C. , Seoa~d Party.
hernafber referred to as Qorporation, for and in reoeipt of Qze Dollar and other
valuable o~nsideration, the Parties aqree as follows:
~VE~AS, ~rnarati.on, as l~brt~gagar, did ex~ecute ar~d deliver a certain
Mort~qage to Mort~gagees, Frederick Z. P~earson anci D. J. Heller, reoorded in
O.R. Boolc 203 , paqe 676 of the public records of St. I~,icie Cau~ty, Flarida,
and
W~'AS, Martgees did assign said Nbrbgage to First Natio~al Bank of
Fart Pieroe which has sul~ec~u~ntly assigr~ed said Mortgage to the First Party, ~
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Associatxns herein, which Associations is the present cx~mer and h4lder of ~
said I~brtgage by assigrnient.
NOW, Z~~E~ORE, the Parties agree t1~at the Associatiais shall looac solelY ;
to the land encunbered by said Mort~gage as the sec.urity far said I~brtgage and
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I Martgagor shall nat be personally li.able for any deficienc.y or m4ne~y juclgnent
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~ ar~d the Mortgagee shall laok solely t~ the la~d as security.
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~ IN WIZNE'S.S ~OF' the Parties have hereunto subscribed their hands and
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E seals, this ~ day of June, 1978.
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~ Witnesses: • -
FT. PIII~ 00~. ,
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~ Witnesses as to D. J Heller " _
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~ ; . ~ QOI~GDH~IDES OO~PIDCNIINIII~I
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W~. tnesses as to Assn. 1 ; : , . - ; .
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O[i1ALD JAY[~, ATTORN[Y AT LAW. rOST OPFICL /OX !0lY. FORT PIERG[. FLORIDA ~i4s0. T[L[PMONi ~Of-4A1-l600 3
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