HomeMy WebLinkAbout0714 ~
F _ f~
• . ~ ' . tI ~ ~
i
. ST#T~ 0~:'~RIUA . - -
.A'
; , c~wNtr.~ oF r~ac~ . ~ ~ -
. ~
G
` ASSIGNMENT Ot~ ltENTS AN4 PItOFiT5 -t
; ~
i .
. <i
` ~~1~,~'~L arr~ thit ~ doy of , 19 65 br ond between
~ . ~ ~ ` JCHN N . S~3 ~
ond S~ , his wif~ (whether one or more persons),
party of tla. iir:t pa~t, to PILOT UFE INSURANCE COMPANY, of Gr~ensboro, North Corolino, portr oi the second po?t. (
. WITNESSETH: Fa valw rMCeiv~d oed o: additional securit~r for the loon herainofter n~ntioeed, 1he part~? of tb~ fi~st part,
har~b~t s~lls, trsasfua oad a~:i9ns unte the porty ai tM tfcond pan, its sucte:sors ond assi9ns, oit th~ riqht, titie ond ini~nast of
the poHy d th~ Fint po~t in ond to tM reMa, isaues, pofits, rev~nues, rqaltiea, ri9ht: ond b~nefits kom th~ followiny d~scribed
proptrty: (ins~rt b~la~r th~ deaaiptiot~ of real estote appeoring in deed of trusi or mort9age.)
Bast 75 Peet a~' S-1/2 aP Lot $ t~ud East 75 feet of Lot 9 !
~ ~
af Eaglar s Riverv~~r HeiQbte Revised Plat, accoxding to (
~ the plat of same f~.1ed in P~.+~?t Hbok 8, Page 1+0, Publ~c
~ecords of St. Lucie County, Florids.
s
i
~
~ I
i
~ . ~ . . ~
I
~
I
,
(
And to that end the port~r af the first pa?t herebr nssigns cnd sats over unto the said PILOT LIFE lNSURANCE COMPANY, ~
its suctessors and asaigns, all leases of said premises naw mede, exacuted or delivered, whether written ar verbol, or to be here-
after nwde, be tht same written ar verbai, ineluding specificafly, without limiting the genero{itp hereof, the following leases:
~
I
1
. ,
~
~
i
~
i
i
~
I
I
i
~
;
I
~
It is understood ond og~eed that the party of the second port shall not exercisa ony of its rights under this assignment af rents
unless and unti! there h+os 6san a default in the poyment of ths indebtednass secure~ by fhe deed of hust hereinafter mentioned, or j
default in the parment of any other sums secured br soid deed of trust.
(t is undc~stood ond agreed that the party of the first port sholl not have the right to collett ony instal{ment or instollments of
rent in odvancs n# the date pr~scribed in said Isose a(eases for the poyment thrraof.
And the pairtp of the first part does herabr autho~ize end empower the said PII.OT LIFE INSURANCE COMPANY, its succes-
sars and as:i~ns, to collect the said rents, issu~s, prof+ts, rcvnsues, royelties,.rights aad benefits, os ther shall become due, and ~
daes hKeby dinect eoch and all of the trnants of the oforesoid premisas ta por such rents os mar now ba due or shail herecfter be- ~
coa~t due to the said PILOT l.IF~ iNSURANCE COMPANY, ita succ~ssors and ossigas, upon de~nond for poyment theroof b~r said
Canpanr, its a~tessors a a:signs. It being understood ond agreed, however, that until such demnnd is awde the partp of the firat
; port is outhai:ed to collsct, or continua coUecting, soid rrnts, issues, profits, revenues, royolties, rights ond banefits. ~
~
~
= 600M ~~v (
~ , . . ~ ;