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~ AGR~F.MENT
lti C~NSIU~RATION of:a loan granted to the uadersiAned by ~erice~n Pioaeer
Savinga ~nk dated July 8, , ~
. t~nclersi~nad agree not to nwkc any claim for any future advances vnder and
pursuant to the tc~rms of the Future Advance Clause oE the firsk mortgage
encumberin~ ~he Xeal property o~med by the undersigned and q?ore fotcmally
. ztescribecl in ~XHIBIT "A" attached hereto aad made a part hereof. said mortRaqe
he i f rom Hou~ton Ray ~ and Pl~yllia Henley , to
• . ~inerion dated and recorded
~ ~ in Official Record 8ook ~ 2. Page of th~ Public
R~cords of St. I.uaie Couney. ,~lorida , , and we, the
undrrsfraed. hereby specifically waive any right Lo secure funds pursuant to •
;;uch futuxe advance clause for so 2onR s period of tinie as the American
Pioneer MortgaAe Co. and/or assignee~(s) shall retai~ an interest in the
mort~~~;e bearin~ this date executed by the undersigned to the said American
Pioneer Mortga:ge~f Msrtin County.
This A~;reemei~t also provides that the acceptance of a future advance under the~
first mort~,aRe will constitute a default under the second mortgage and that ~*f;~~~.:,i'
the second mortga~ee, on such default, is entitled to a21 of the ,rights an ,
remedies available to him in the event of a default as set farth in eaid
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D:ITF.D this 8 Day of Jul 1g87 ~~~~~~f , ~
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tJITNESSES ' . .
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STATE OF ~lprida
COUi~TY OF St. Lucit ~
I HEREBY CERTIFY that on this day before me, a notary public duly authorized to
t:?ke ~ckn~wledgements, personally appeare3 Nouaton Ray anA Phyllia Aenley
, to iue known to be the persons descrlbed herein and who
executed tl~e foregoing instrument and acknowl~dged before me that they executed the
same.
k~IT~`ESS my hand and official seal in the County and State last aforesaid ~hls
Julv 8 + 19 $L• .
~ty commission Expires:
- NO Y.PUBLIC
Notary Pu~('K, State of fio~ic~a •
My Ca~~~:,s:ioa Ex~v.;es Dc:. 2, iyw3 EXHIBIT ~~A~~
bccdai 7tH: 7ac~ ~a:e - k:~::~s.~. 1_<a
LECAL DESCRIPTION:
Lot 1, Block 151, Port St. Lucie l)nit Eight, According to the plat thereof, recorded
in Plat Book 14, Pages 2E, 2bA through 2ED of the public recorda of St. Lucie
County, Florida.
Suhject to: restrictions, reaervations limitations Conditiona and Easements'of
record./
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S~~~i~s
DATED:
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FII.~.D ERK
. OgZU LUCiE ~~'luk i'i. F~. .
~ 800K ~1 PAGE 9u~
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