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~ ~ Violation oP any oP the oovenan~s, repre eentations .
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` , and proviaionQ..aontained herrein by th~e. Ae8lgnor ehall be deemed
. a dePault unc~ex the terma oP oald note and mortgage.
De fauit by the A~signor un~r__any of ~the~ ~erms oP ~he `
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~ leaee aeaigned herein ehall be c~aetaed a c~efault under the terme -
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o! said note and mortgage. -
The full perPo=man~ of said mortga~e note a~nd mort- ~
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~ gage and the duly ~eaorded releaee or reconveyanae oP the prop- - ~
, er~ty deaaribed therein shall ~ i*ender thie a8signment void,
The net prG~4eds aollected bq the Aeei~ee under the
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terms oP this inetrument shall be applied in redua~ion of the
enti~e~ indebtednesa Prom _tim~e to tia~e outetanding etnd eecured ~
by said mortga~e note and mortga~s, : ~
Thie ,aesigr~nent appliee to and binde the p$rties
. he re to and the ir ~+e epe at ive he ire, admini etratore, exe cutore, .
, . succeesore and aselgna, as ~ell se ~ariy auboequent oNr~er of ~ -
the resl eatate d~eecMhed he~c~ein and any aesignee of the ~
_ mortg,~ge note or mortgage ~eferred to he~ein,
IN WIl'~93 WI~A'SOF, the eaid ABeignor ha~ caused
these p~eeent~ to be e~cecuted by its offiaera duly authoMzecl . ~
~ r~ith its,-corporate aeal affi~ced, thie ~~day oP~ November, •
A, D. 1961~, . ,
~ PARK D~SVSLOPl~BNT CO:, INC : -
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