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HomeMy WebLinkAbout1403 Intangable Tas. 6.61 ~4~fj ~ / Doc. Stamps 5.10 Not To o~, T~ou~~, p~op~y KRMI ~ ~ ~ ~ That the UnderslAtsed, hereinafter called the "Boaowea", for atsd in cot>:ideratloa of the sum of TEN DOLLARS (110.00) and other good and valuably rntulJeratfotss unto them in hand paid. the receipt whereof is hereby acknowledged, and fa the pwpose of inducing F'ir9t National Bank FORT PIERCE. a Florida banking ootporation, here f~ c,~~ed the "Bank", to gent cledlt unto the undersigned under a promissory sate In a principal sum of i ~~U~ - lll~ dated 10 j 16 j 80 or topwchase from n~ herein referred to as "Dealer", the promissory note of the undersiggnned for the sum of i .dated ,and payable to Dealer. the ussdenigned here- by ioint7yy and severaIIy covenant. promise and agee as folbws, to-wits 1. So brag as the note herefnabove referred to, a any portion thereof, ar any extesssion or reneMal thereof, atsd also anyand allother itsdebtednessofrhe Borrowers, or either of them, to :std Bsnk whether ioint or several, here- tofore or hereafter tacuaed, of an • natwe whatsoever, shall remain unpaid. eit~ter before or after the maturity thereof, the said Boaowen will do t~e folbwing things. co-wits (a) Pay promptly when due all fUe and win -storm inswance premiums, taxes. asse{sments, dues and charges of every klssd imposed of levied upon their real and personalpropertyprior tothe time when say such sutras shall become delinquent or in default; and (b) Promptly pay when due any and all sums due and owing on any mortgage or other encumbrance oa the prop- ertyhereina ter described and will never suffer or permit any mortgage lien or encumbrance thereon to be- come delinquent a go into default. 2. The Borrowers ages that they will not, without first procwing the consent !n writing of the said Bank here- . ; after create or permit any lien or other encumbrance to exist on their pproropertyy, real or personal, now owned or here- ' after acquired by them including. but not limited to. the property hereinafter described. 3. TheBorrowcnageethattheyshallnot have the privilege. nor will they sell, transfer. assign. hypothecate, or in any manner whatever. dispose of the property, or any interest therein. owned by them. including specifically, but - not limited to, the following real estate situate. to-wits (Description of Property) Lots 8 and 9 of Block 1 of M.K. Moore's Subdivision, as per plat book ,1 3, at page 11 of the Public Records of St. Lucie County, Florida. - so long as any indebtedness or obUgation shall remain unpaid as hereinabove referred to in Paragap6 1. 4. U the Borrowers shalldefault in anyof the covenants. promises, and ageements herein contained to be made, done. and performed by them, or if they Shall attempt to transfer. sell, hypothecate, dispose of or encumber any of the property of the Borrowers without first procwing the consent in writing of the Bank therefor, then in either or any of such events. the Bank may. in addition to anp and all other rights which the Bank.may have. declare the entire _ _ _ _ remaining unpaid principal and interest of any such obligations or indebtednesses then remaining unpaid to the Bank. due and pa able forthwith and shall, as security for payment thereof, have a lien on all of the property of the eor• rower. both real and personal, Including, but not limited to. the real estate herefnabove described. which lien may be enforced by foreclosure in the same manner as a mortgage may be enforced for default. IN WTPNESS WHEREOF, the undersigned have hereunto set their hands and seah at Fort Pierce County of St _ Lucie ,State of Florida. this 1 ~t h day of October • 19 80 Signed. sealed and delivered in thf presence of: ~ ' /~1z~t-- ~ (SEAL) ' (SEAL) ~'I ~ ~ ~ i - (Boa n) STATE OF FLORIDr`~`~~"_ '/~--~~-t'~[-~i - - COUNTY OF RE ME, a Notary Pub c in fa th rate of Fbrida at Large. personally appeared ~y~'iG~ known to me to be the persots(s) whose names(s) is/are subscribed a tb itstrument and acknowledged to me that he executed the same for the purposes therein expressed. ~ ; WI'rN~SS~m}T'~and and offtcial seal at County of ~ s.S •`ipvtf bride, t~s day of ~ 19 ~r~/ • - ~ t=tj -(S&AL) ~ - ~ Public, ate of Fbtida''at La ) - ~ ~ My Commission Exp[res M+ c :,"^"'u r~(x+ Ex?IStifS 1 t~ti _ . ~ y` GW Thu instrument was prepared by: NOWdrd H. Hughes Southeast First National Bank of Fort Pierce Address: P.O. Box 970 Ft. Pierce, Florida 33450 r~'~J4s Received s ` ~ / In Payment Of Taxer cue On Class "C" IntangiblePers;o*satProM*111, I~~O 23 ~s 33 . ou~suanl To Chapter 7T, 134, AcU O? ~87tn fILEC tf:C 1 = CC~~:U ROGER POITRAS~- SLL13Uf 1:0~N'Y.I I A. :,sw.y Circuit Court, St. Lucie, Co., P(a. RGGER PCITR~.S CLERK CtFC'i;T CGU.'. 8341 ~~140i -