HomeMy WebLinkAbout1086 AOOtTIONAI A~iAEEMENTS ANO PitOV1810N8.• _
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Ownership and use of collateral. 1 own and have possession of thrs Rapossassion. You can ertt~r my prem,ses and repossess tlw collateral
~,uateral No one else has any claim agautst it. I promisQ not to gwe up if the entire balance of ttte loan becomes due for any reason or rl
~;,essa,n for more than 24 hours or do anything that wdl create a break any other promise 1've made under this agreement No advance
,i:n~ 1 is t;iwi' Jli reasonabla slaps to protect it from other credaors nuaCe will he iecl~uri:d Or d you ayk 1 II tletwer thr cuNJrerai to yUU at
a time earl place you designate
I promise to keep the collateral in good repair and won't use rt fa any -
.t~.•;lal u~rpese Once you have twsSessiar of the collateral you can sell it and apply the
amoiuit •mu rer•~rve to thg unt,aul balaU~J nt rtnr loan Ynu wdl nohfi
ar ~.~,?+r j ua~+ b.!lo•e rn~ „i;.r it the sale ur,ca so?9n t covCr the
J~ily In 9nfOfClmMt. YJU C,7^ rialay d+~fOrCing Jriy J1 your tUtiiti
•~~tw ti,~; a~lreement without losing them For e.ample you can rural amount 1 owe you t II pay the unpaid balance ~tiis rnctudes any
c . ~enrt the ume for making some payments wdhout e>,tending others ~~';is of ret~o»ess~on. storage and Sale. and reasonabla dtlumey s fees
Apaointment of Bank 1 aplwint you as my attorney in•Iact to 1 understand that I must reclaim anything rrt or on the repossessed
• at~r :rrl ha"<Ita JI! inattai; with [t.e canter of any inswance calla:e~al that isn't coveted under this 3yreement w+ihm 30 days after
s,~h;~c; to your security enterest. including twt not Irmited to the repossession Otherwise. you can abandon these items or donat4 them
rict~rsen,ent of checks and drafts to Chanty
Parcel 1: Coauaence at a point where the South line of Government Lot 1, Section 12,
Township 36 South, Range 40 East, intersects the West Shore line of the Indian River;
thence run West along the South line of said Government Lot 1, 400 feet to a point;
thence run Northerly parallel to the Nest right of way line of South Indian River Drive
a distance of 49.6 feet to the Point of Beginning; thence continue Northerly parallel
to the West right of-way line of South Indian River Drive a distance of 200 feet; thence
run East parallel to the South line of said Government lot 1, a distance of 150 feet; thence
run Southerly parallel to South Indian River Drive 100 feet; thence run East to the West
shore line of the Indian River; thence run Southerly meandering the West shore line of
the Indian River l00 feet; thence run West parallel to the South line of said Government
Lot 1, a distance of 400 feet more or less, to the Point of Beginning.
Parcel 2: Begin on South-line of Government Lot 1, Section 12, Township 36 South, Range -
40 East at West shore .of Indian River;. thence run West 870 feet more or less to the
Easterly right of way of Florida East Coast Railway, then Northerly along said right of
way to a point-225 feet (more or less) North of said South line; then East parallel to
South line of Lot 1, to a point 400 feet West (more or less) of the West shore of Indian
River, thence southerly paralleling Tndian River Drive 200 feet (more or less), then East
parallel to South-line of Government Lot 1, 400 feet (more or less) to the Nest shore of
Indian River, then southerly with rever to point of beginning. EXCEPTING THEREFROM, all
easements for public rights of way and utilities of public record.
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