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n~ow That the Underst~ned. hereinafter called the "BoROwzts"~ for and in ~
conalderatton of the sum of TEN DOLLARS (510.00) and other good and valuable considerations unto them in hand
~ paid, the receipt aheteof 1s hereby acknuwledged~ and for t6e purpose of Inducing First National Bank
FORT PIERCE~ a Flortda banking corporat;ons here ~a,~t~ r,,called the "Bank", to grant credlt unto the undersi~gned
under a romis~or note in the principal sum of QO dated ~._13ILB 11~ 1975
the undetsigned here-
by Jofnty aRd severally covenar,t, p:omise and agree as follaws~ to-witt
1, So long as the note hereinabove referred to, or anypa rt10~ theceof~ c~r any extension or renewal thereof~ and
alsoanyan~iallother indebtednessofthe Borrowers, or eithet of them, to said Bank, whether joint or several. hete=
tofore or hereafter incurced~ of an nature whatsc~ever. shall remain unpa[d~ either before or after the maturity
thereaf~ the said Borrowers will do the following things~ to-wit;
(a) Pay promptly when due aU itre and wlndstorm iosurance premlums. taxes. auessmenu, dues and chatges of
ev~ry kind impused or levied upon their real and personalpropetty prtor to the tirne when any such sums shall
. . beeome delinquent or in defauTt; and
(b) Promptly gay when du~ any and all sums de~e and owing on any m.ortgage or other encumbrance on the piop•
erty herein3fter described and wiil never suffer or permit any mortgage lien or encumbrance th~reon to be-
come del[nquent or go into defruit. ~
2. The Borcowen agtee that they ~+ill not~ without first procuting the consent in wTiting of the satd Hank here-
after create or permit any lten or other sncumbrance to exist on their property~ real or penonal~ now owned or hece-
after acqutred by them including, but not llmited to, the property hereinaiter described. .
3. TheBorrowersagreethatthey shallnot have the ptivilege~ nor will they sell, transfer~ assign, hypothecate~ ot
in any manner whatever, dispose of the property, or any interest therein, owned by them~ including specificaliy, but
not limited to, the following real estate situate~ to-wit: (Descriptton of Property) . _ .
Lot 11 and the North 33, 3 feet of Lot 12, Block 45, SAN LUCIE PLAZA UNIT ONE
per plat re'carded 'ui Plat }3ook 5, page 5? of the public records of St. Lucie, caunty,
Florida. "Subject to that certain first mortgage from the Grantees hereof to First
~ Federal"Savings and Loan Assoication of Fort Pierce, dated April 23, 1974, recorded
in O, R, ook ~2~i t~. e, 2268 of t,h,~ li ' r'~ ords of St. Lucie-County, Florida,
secur n
~~n y~~~yQ~~~~~s~~~,~~~`~ ~~teYY1'a~~pa ~~s'h~~inabove refetred to !n Patag~aph 1.
4. ~ the SorroWers shalldefault nanyofthe covenants, promises~ and agreements hetein 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 propettyof the Bonow ers without first procuring the consent in writing of the Bank thetefor. then in either or a?ty
of such evenu, the Bank may~ in addition to any and all other rights w-hich the Bank may have~ declare the entire
- iemaining unpaid principai and interest of any such obligatioiu or indebtednesses then rerr_diaiag unpald to the Bank~
due and payable forthwith and shall, as security for payment thereof, have a lien on alt of the pcoperty of the Boi-
rowers, both real and personal~ including, but not limited to~ the real estate hereinabove d~scribed~ which llen may
be enfotced by f~reclosure in the same manner as a mortgage may be enforced for default.
_ IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seals at Fort Pierce ~
Counry of St. Lucie , Scate of Florida, this 1 lth day of Tu*~Q , 19ZS~..
Stgned. sealed and dellaered in th presence of: - ~
n
/ - ~v~- ~ ~ EAL)
- _ ha e s D. Mc ~e l~n
- , EAL)
- o Ann McCl~ti~i~ers) -
STATE OF FLORIDA St. L,uCle I`f ~D ~ 76°? G~U ~`~~V
COUNTY OF
~ BEFORE ME, a Notary Publlc in and for the State of Florida at Large, persanally appeared C11~.rles D.
. McClellan and Jo Ann MeClellan, his wife known to me to be the rson(s) whose .
names(s) is/are subscribed to the wichin ins+trument and acknow2edged co me that he executed t~e same for the
purposes therein expcessed, -
~VITNESS my hand and official seal at Fort Pi~ce , County of. ~S~ T.uci _ . ,
- ~
~ f
Scace of Florida, this l lth day of June lg ?5 ~
_ • ~
t ~
.~lt ; -.r _ (Notary Public t lorida Large)
~f'~`-r`-` Notary Public. ate o Flortda at large
: ~
~ ' ' ; My Commission Expires
, ~.1 1~ _ - JfAx Commission Expires Aug, 30, 197¢
. j~r~_{ ~d j t - . - - . - ~ -
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-°~'•''~'r-: " f LEO AM~ FtEC R Ep ;
a~,: p ~ r~.. ; _ • ?
-;z= = U ~ t.! ~ . C : LU~fE ~O~iI~Y LA.
; s~- . . ~ ~r ROGk~ P(} TR~S ~.l
- ~~is.i,pscru c,s"~vas'prepare~ by: Shirley J. MeSwain CI.ERK ~~:,6UIT COURT
-2-~? ti~~v RECORD VER?FIEO f
`'`.;nt~;,' : First National Bank of Fort Pierce
~~`~iESs:.°,..-...,- Post Office Box 970 ~ {1 ~i ~Q ~ ~f~ - '
- ' Fort Pierce, Florida 33450 - ;
- - _ - - 3a~o1~~ ~
_ , -
RECEIYED ' ~ IN PAYMEfYT UF TN(E~ _ `
- f~
_ DiIE OM Ct.IISS'C' tNTMt~181E rERS9W~l PROPERiY, - ~
PURSUANT Tp CHAPTfR 71•134; ACTS OF 1971. m~ -
ROGER PORRAS
t~R!( CiRCUiT COURT, St. LIJCIE CO., FlA
BOOit 2~O PACf ~~~0
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