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HomeMy WebLinkAbout2098~- 51010~ THIS INSTRUMENT'PREPARED BY: Citizens Federal Savings and loan Association of St. Lucie County 1600 S. Federal Highway, Ft. Pierce, FL 33450 C. R. McDonald, Jr., General Counsel Loan / 22049298 AGREEMENT NOT TO ENCUMBER OR TRANSFER PROPERTY iS Qo As an inducement to Citizens Federal Savings and loan Association of St. Lucie County to grant credit to the undersigned under a promis- sory note for the sum of $ TEN THOUSAND AND NO/100------------------DOLLARS----- dated DECEMBER 5, 1980----; and in consideration thereof, the undersigned (hereinafter called "Borrowers"), jointly and severally agree that until said note and any extension or renewal thereof shall have been paid in full; (a) borrowers will pay all taxes, assessments, dues and charges of every kind, imposed or levied, or which may be imposed or levied upon their real and personal property prior to the time when any of such taxes, assessments, dues or charges shall become delinquent and (b) borrowers will not, r:ithout the consent in writing of Citizens Federal Savings and loan Association of St. Lucie County first had obtained and, (1) create or permit any lien or other encumbrances (other than presently existing liens and liens securing the payment of loans and advances made to them by Citizens Federal Savings and Loan Association of St. Lucie County) to exist on this property, (2) transfer, sell, hypothecate, assign or in any manner whatever dispose of the said property, or any interest therein, specifically, the following described real property, situated in the County of ST. LUCIE State of Florida: LOT 13, BLOCK 655, PORT ST. LUCIE SECTION 13, according to the plat thereof on file as recorded in Plat Book 13, Page 4G, of the public records of St. Lucie County, Florida. It is further agreed and understood that if default be made in the performance of any of the terms hereof, or of any instrument executed by Borrowers in connection herewith, or in the payment of the indebtedness or obligation of Borrowers now or hereafter owing to Citizens Federal Savings and Loan Association of St. Lucie County, Citizens Federal Savings and Loan Association of St. Lucie County may, at its election, in addition to all other remedies and rights which it may have by law, declare the entire remaining unpaid principal and interest of the obligation or indebtedness then remaining unpaid to Citizens Federal Savings and Loan Association of St. Lucie County due and payable forthwith. It is further agreed and understood that Citizens Federal Savings and Loan Association of St. Lucie County may, in its discretion, and is hereby authorized and permitted by Borrowers to cause this instrument. to be recorded .at such time and in such places as Citizens Federal Savings and~Loan Association of St. Lucie County may, in its discretion, elect. X344 P~~~98 I _.__- ___~~.