HomeMy WebLinkAbout2773 _ ~ _ ,
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! , , , ASSIGNMENT OF . COIt.~?TERAL ; ~5~~ ~
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~.y~~ FA~ PRADUCTION C~IT ASSOr3L1Y~ON _
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, a oorporatioo, (berein.
a[br calbd L~ender) lias igreed to make advanas to ~or~e T. ~tillar and Ju~i.a Niller ~
caare~naiter cvka Baro~er..vhet~er os~e or more), in the amow,c oc--FOUl~;~'~.~r ~1'livus~nrl~ AiJV iro l.oo-,-
~s 1!a 000.00 - e~videaoed by note(s) dated _....?~~.1 _27tt..._.l ~ 1~.6~!
asecuted b
y H o
r
r
o~ r
a
r to I.eader;
THEREFORB. die uader~gred. in order to ~ecuc+a the repayweqt oi aaid nota(~) and any additjowl ad• •
vanoa that may ~bsequentty bo mada to Borro~rer by Leader, to be evidenced by pramisaory uote(s), aa well u.
a11 rencwals and e~ions thereof aad alao atl othes ia~kbtedness of Borrower to L,ender, ~ww aad hereafccr ax-
~B• ~bY P~S~. ~a~. aelh and oonveys unto I.ender, its auoasson and aasig~ as oollateral
~ secudty tLerefor. all' the rtghta, titb and intereat of the uadersignod in and to the followiag descr?'bod P~P~~Y•
to witc
That certatn mor~o:~;;e ue~d axecu ~.ed on ~eatamb~r 7~ ~96~~ and racorcied in Uf'f~,cial
:~ecord ~ook 70 Yage 2(i~~ ,of ihe Yubl~c Records of St. Lucie Couqty~Florida~ by _
~ George ~Tiridal a~d ~llen C. Tindal, :~is wife, as mortgagor to . the undersi~;aed as
~ ~mort?gagee~ encumberirt{; ~ tl~~ fol7.oz,ing described property=
y Beginniag at trie -SvuthNes~ 1lbraer Qf the fol-lowing tract: ~ The 41est l~00 feet
•~~oS' t3ie ltort?h 225 Yeet v~~ ~he i~;~ of the i;i;~j of' the ii'i~4 of the ~ and the i~W4
of tt~.e i+l~;~ of the of Section 8~ 1'o~mship 35 South~ Range !~0 L:ast; thence
1';~.•S~u~~t.,192 feet; thence run ~as~ 110 feet; thc3nce run Horth 192 feet;
,~.~~~g~h. -~st 110 feet to i:he noint ot be~?ianing. Together• xith the right
; ~~~+~••~ngre5s~~~I egress over the foj :~o~-ing described lands for a road ri~htr-of-
.
= ~~°T~~r s ; . . ~ . .
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s : ~ •Sig ~Fn'V^~R.Si's STi~]3 ~~OR I:c7G~I, DB.~C::i-P'iZON~ OF ~DA1J' IiZ(~iT OF' ~TE~7C y~ ~
: : • . - ~
-.9~? : v~ L~~ T3~•3'3~•;~:~~i:c~~ `i'U ~t~i3~ ABO~-,E. - - - _ . . . . . . - - • . - - - - _ . . . . .
, ~ - .
, fi~l~~~j~b~+~~~~~i~qn ot otber secxtcity of equal value a~ay be ma~da ft+oan time to time ~ th~ eoo~eat and ~p-
.
pro ,,~i " `Zta ~uora snd assigas.
'ILe ande~signed a1q~+oea:that I.ender, ib mooesaors and astigas,.upo~n defiutt bn die. pa~~t ot any note(s)
~cuted hereby or t6e intet~est thereon as it beooanes ~ne. shall hav~e tbe right, Pow~er snd authority to aeli, assi8n
' and deliver th~ whok or any part of the above d~scribed oollatenl aa~ritjes. or u~y wbstitntions therefor or addi=
. tiona thereto, at any public or privata sak, or on any broker'a 6oard of exchange, withont demsnd, apon the fo1-
. lowiag aonditions: if tbe aak is held in Georgia, without adv~ectisement or notioe; if the sak is held in North Caro-
lina or South Carotina, to the tugbeat bidder for cash. aher giving five days' notioe of such sak by sdvettisem~nt
or notioc posted at such p~blic plaas in the eounty wberein the aid oollat~erat secuiitka may be loc;ated at the
time of auch sale aa may be moat oonvenieat w the Lender. its suoasson and aasigna, one of which plaoes shall
~ be upon the conithouse door of said oonnty; if the sala is held in Florida, upon 8ivin6 ten daYs' notioa o~ auch sak
to the P~Y P~8~8 the above describod oollateral aocuriti~.s in aoo~rdatrce ~rith tbe provisio~ of Section 685.02
Florida Statuus; and upon said sal~ the Lender, its s~ooessora or auigns. may beoome tLe purdu~ser of tLe whote
. or any pact of such ooUateral aecnritia,~ frie from any r~ght of rodaaption, and no notioe of any adjonrnment oi
any wch sak ~hall be required In cx~e of :acL saje, after deducting a~ kgal and other oosts aad expeaa~t of col-
. ~tion, sak and delivery, Lender, its wooesaon or aa~igas, may spply the residue of tbe procxeds oi auch. collx-
~ or sale wward tbe pm~ymcnt of said notes, and anq b~lmaoc oi t~ pi~ooeeds ot the sale, after payment in full
of all indebtedaes3 w I~xkr,~ ita s~oo~aara or siaig~ ai ~epresented by said note(:), maY be applied to a~? other
indebtedness of Bon+o~w~er co I.ender thea dne or w beoome. dne to tha hokkr or owner of aaid note(s) aa well ~
` tO ~ Ps~t ~ ~ ~8 ~~8 ~E. classing and seWns oost.
returning the overphn, iE any, to tl~e n~dtrs~gned, who agrees w ba and remain liabk Lo I.eader, its wooeuor: ~
a~s. for an3? deS~CY atiain8 aftar such ~e. Tba tradenigood an~l beat at! r~oabb ~ and all loss
- aa~aioned by or aonnocted arith tbe transmiasioa ot tbe oollat~ral pkdg~d Le~nder ~o and from azry endor~oa
°r assi8aa.of-:aid-~ote(s)- - - - - - - - - - - - - - - - - - - - - - - -
. . 'T6e undessiaood furtl~ex a6roes that upon tamfer of nid aoos(s) t6a I~eader, In a~ooason or aaigna, may -
deliv~er the ooliaterst be~ bet~eunder, oc any part t6eteo! or iuterat t~rela. to the trander~e~ wbo aLal! tberzupoa
; ba~oaee v~ested with all tbe pow~ers and r~ghts banhy ~a in rapax ta s~h ooUatexal sxurities.
The povvars ~onferred herein are ooupled ~vith an interat, and ~alt i+eaoatn !n full toroa and etfect and be
~ i~ble by. tha uadecsigaod, the death of t6a ~ or tba exoaetor. administrator or ~
. ders~goed, unt~ the indebtedneas to.I.ender, ib s~ors and ~ _
Paid m full.. . . ~ ~ ~ .
: Executed, seakd and deHverad, tLis.___~..~` da of ' -
Y _ _ . , 1!_.~t__.
' v
F.~eauted, Sealed aad D~hv~rod . . . -
in tLe Pre~enoe at: . • - ~ . ~ . .
, . ~ ~ . . . . ~r- . ~
; (SEAL)
: . ' I T • T•. , 1 ~
` (SEAG)
. Julia 2itller '
sw.. ~rw-w s... a:-M
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: ~ . . ~o~~ 87 - 372