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HomeMy WebLinkAbout1017ssss~ ~ THIS INSTRUMENT PREPAREO 8Y: Citi=ens Federal Savi~gs and Loa~ Assoclation of St. Lucie County 1600 S. Fede~al Highway. Ft. Pte~ce. FL 33450 C. R. McDonald. Jr.~ General Counsel Loan ~IL220~0782 AGREEMENT NOT TO ENCUMBER OR TRANSFER PROPERTY As an inducement to Citizens Federal Savi~gs and Loan Association of St. Lucie County to grant c~edit to the undersigned under a promis- sory note for the sum of $ FOUR THOUSAND FIVE HUNDRED AND NO/100---------------- dated FEBRUARY 10,. 1981 . and i n cons i derat ion thereof, the unde~s i gned (hereinafter cailed "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 p~operty prior to the time when any of such taxes. assessments. dues or charges shall become delinquent and (b) borrowers will not~ without the conse~t in writing of Citizens Federal Savings and loan Association of St. Lucie County first had obtained a~d, (1) create or permit any lien or other encumbrances (other than presently existing liens and lie~s 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 SAINT LUCIE ~ State of Florida: Lot 10~ Block 134, LAKEWOOD PARK UNIT 10, according to the Plat thereof as recorded in P-lat Book 11~ Page 29 A, of the Public Records of St. lucie County, Florida. ~ Receivsd i~~ m Pavmern Oi TaxM Dus On Class '"C' ~ntrnq~ple persondi Ptpp~h~ Pursuant To Chapeer 71, 134. Aeq pt 1~71. . ROGER PORRAf t Clwlt Cinptk Cotxt it~ LuoiR Cow. F1a ~~ ~ I.t is further agr.eed and understood that tf default be made in the performa~ce 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 Associat~ion of St. Lucie County may. at its election, in _ addition to all other remedies and ~ights which it may have by law~ declare the entire.remaining unpaid principal and interest of the obligation or indebtedness.then remaining unpaid to Citizens ~ede~al Savings a~d Loan Association of St. lucie County due and payable forthwith. !t is further agreed and unde~stood 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. ' ~1 eaoit3~g P~~.~.7 ~ ~ ~ ~ , - ~ _- _ _ - - ~Cs~FS _.._ ~J- ~.,%s.... . _ . -" .__ _ ~ ~~{' _ ...