HomeMy WebLinkAbout0998 ~ ~
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~j~ . ~gr~en~~nt~ ,~ot ~o ~n~um~e~ or ~~a~r~~f er ~ro~~r~p
f ~tnotn !~l[ ~1en ~p ~~tffit ~Ctg[i1tg; That the Undcrsigned, hercina`.er called the "Borrowers," tor and
in ronsideratiun of the sum of '1'E:N llOI.L.~RS tS10.(wt end other guod ar.a valu~ble conside~ations unto them in harsd
ps~id, the receipt ~ahere•~i is heret,y ackno~+~~edged, and fur ~he purpuze of inducing Stuart NATIONAI BANK OF
Stusrt, F~A. Unitcd Stat~s burlcin?; Cur(wratiun h~~r~•inu[ter called the "liank," to grant Credlt unto the
~ ~ndersignetl undcr a~F'1?ll:lsl(T!'j• n~:tr iu ~lse princiE~a! aum u! q 2,437.y2 dsted Anril 14: 14~~
~ ~ - or. io pur+chase from heretn referr~d to ns "Aealei•," the promIssory note oi ttse
undersigned for lhr sum ot date~ and payRble to De~ler~ t~e
- undersigned hereby joinUy and severaUy cuvenant, pr~mise and agree as foltows, to-wlt:
1. So iong as_the notn hereinpbmre rt~fened to, or any. ~~nrliun thereof, nr uny extenaton or reaxwal thereoi, and '
alsu any and all c~th~~r indebtedness ut Uic ilurrawers, ur i~~lha: lii~m, lo sni~l Itnnk, wholher Jolnl or acveral, deTe-
• tutore on c~reattcr lncurrc~l, ut any nulurc whsLyuuvdr, ehull reniniti unpald, etthcr bufor~ ur• eller the matu~lly thereol.
~ the sa?d ~3orrowcrs will ilu lhc fulluwing thing~, tu•wit:
tn) i'eY promptly when due ell fire und windsturm i_.~~~rrncr ~.~~niums, laxes, assessment~, duea and chatgee o[ every
kind hnpusi~d or levi~~d up~~n lhcir n~~l and pereou,~l ,~n:,.wrty prlar lu the ilmc whet. any such sums ~hal! ba
~ rumc dclinuucnt ~~r In dufau!!; un~l
1 . {b) Yromptly pay w•hen due any nnit all sums ~ue nnd uwin~ on_ any murtguke or uther eucuinbrance on the prop-
# erty hereiaa[tcr described and will nevcr sutier or permit :~ny muriga~e lien o~= erecumbrance U~ereon to beeome
delinyuent or go inlo detauit. ~
j 2. The Borrowers agree thet they will not, wlthout flrsl procuring lhe cansent in wriUng of the said Banlc here-
~ after create or permit any leen or other encumbrance tc, ex[sl on thelr ~roperty, real or personal, now owaed or her~
~ stter acquired by them including, but not limited to. the property heretnatter described.
3. The Bor~owers agree thai they shall not have the privileb~e, nor will they se11, transter, assign. hypothectte, or in
~ any manner whatever, dispose of the property. or any interest Lherein owned by lhem, including specitlcally~ b~t aot
limtted to, lhe following re~.l estate situate, to-wit: (DescripUon uf Prr;~erty.;
Lot 2, Block 16 Surfside f Unit 'Itao , St . I~ucie Cou~ty ~~87 ~~R 2~ ~ 1~~ 26
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~ . so long as any indebtedness or obligaUon shpl! remala unpaid as hereinabove refESred to in Paragraph l.
I~ 4. If the Barrowers shall default In any o_' the covenanls, promises. and agreemenfs herein coatained to be made~ daae.
and pert~rmed b~ them, or if they shall attempt to transfer, setl, hyoothecate, dispose of or encumber any of the proptit~
of the Borrowers without first procuring the consent in writing of the Bank therefor, then I~ eIt_yer er any oi such eveats~
the Bank map. in addition to any and all other rights which the Bank may have. declare the entire remaininB unpald
principal and interest of any such obligations or indebtednesses then remaining unpaid to ths Bank, due and pavabk
- forthwith and shall. as seeurity for the payment thereof, have a lien on all of the~ property of the Borrowars, both nal and
~ personai, including, but not limite~ to, the real estate herainaboye described, which lien may ~;r £nforced by forec'.~ure
~ in the sarne manner as a mortgage may be enforced for default.
IN' WITNESS WNEP.EOF, the undetsigned have hereunto set their hands and seals at Sh~Y't ,
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= County of - ~rt~ , State of Florida, ihis -l~~l day ot Anri 1 , 19_$2 -
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' Signed,se led and delivered ' the presence of: ;
t ~ (SEAL) ~
s - ~ a
~ ` ~ (SEAL.) ~
. • - (Borrowets)
~ STATF OF FLO~tIDn ~ -y
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! ~ ' COUNTY OF M~t~ 3
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BEFORE ME. a NQtary Public in and fur ihe State ot Florida at Large, personally appeared :y~4.~s..~.. ~ ~
~ I~r ~ ~.1~_-~~~~--- known to me to be the penon(s) whose ~
name(s ~~6,scribed lo the within instrument and acknowledged .o me that he executed i6e same for the ~
purpos ~ . re ~cpj'~sed.~ _ {
~~~~3,:~ ~ ~ ;F - • { . ~ ' ~
~",[isnQ atic~ official seai at - Sti~~ , County of ~';3T`t'in ; ~
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' ` , 19~2 i
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_~d~y of .
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_ " -~Etl . (I~IotaryPublic.5tat~~ .a~p~,r~~,.i f
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~ t` My Commission Expires ~ •
Form 2T . HP . ` ~ c~ • -
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