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7M torr~ aF thi: ossi~n~nt •hall bt uetil fht t~rtain ed~:.' ~ ~ ' i~: ond dted of tru:ti a mat4a9e, (ar an ~
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exhnsion or n~a~ral thenof), dofrd l~ax'eh 12~ l~„~ , mode, ~x~cut~d o~ deliver~d ,by ,
JOHI~i N. ~ and IDNA S. SDdiS, h~.s xife, to The F'irst Ne?t'.3.ona1 Bank of Fort Pierce
1~rtd ~ws2~ead to
PILOT' LIFE INSURANCE COMPANY cowriay tiK obow d~scribed pn~nis~a for th~ sus oF Forty ~o Thaus~ad e~nd
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DOLURS sholl hav~ b~sn fuily poid and satisfifd, or until th~ txpiration oi the p~riod of reden~ption, ii der, ot whith tiw~• this as- -
siynn~M is to b~ fully soti:fied, cancellsd and nkn:ed, and the nl~asinq of r.oid deed of trust a martqaq~ sholl constitut~ a re-
Iwse h~r~of.
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This os:i9na~ent is piv~n n: additiawl seturiry kr tlu p~rfamonce of each and all of the obligotions end cavenants af the
not~ ond d~rd of hust or a+artpo~a dEwv~ descri6~rd (or ony ~xtenaion or r~~rewal tharfof), nn+d th~ an~aunts collectrd hNrroundrr, le:s
the ~xp~nsts of callaction, if aar, shull ba applied on occouat of roxes and o:s~ss~aent: on :aid real estatf, in:uronce pre~niums and
delinqu~ncies of printipal and int:rest thereunder.
It is expns:{y convenant~d ond agrrsd by the undersig~d party of the first part, that et the time of the execution ond delivery ~
af this ossignment there hos bsen no anticipation or preporment of any rents by any of the tenants occupying the above destribed pro- . i
perty or bY any of the lassa~s in any of the above destribed leases. ;
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It is fu?fher covenonted ond ag~reed thdt the party of th~ first part, and his successors or as:igna, shal! have no riyht, power
or authority to alt~r, ~nodify or amend the terms, or ony of them of eny of the leases above'described in anr partitulnr whotsoever ~
withouf iirst obtaininy the consent in writiny of PILOT LIFE (NSURANCE COMPANY ro such alteration, modifitation or amendment. ~
Nothing heroin contained shall b!~' a~ued as making PILOT LIFE INSURANC~ COMPANY, or its successors and assigos, I
a murtgege~ in posse:sion, nor shall said Company, or its succe:sors and assigns, be liab{o for lachcs, or failure to collect said I
rents, is:uss, profita, revenues, roraltie:, righti~and b~enefits, ond it is understood that said Compony is to occount on{y for such ;
sums as are octually colkcted. . '
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IT IS UNDERSTOOD AN6 AGREED thaf neithrr the exis4ente of this assignment nor the cxertise af its privilege to collect !
said rcnts, iasues, profits, revanves, roratties, rights and benefita hereunder, shall be conshucd as a waiver by the perty of the I
secood port, a its successors and assigns, of the right to enforce payment of the debt hereinabove mentioned, in strict accordonce ~
with the tarms and provisions of the deed of trust a mortgcge and note far whith this assignment is given as additional security. ~
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IN WITNESS WHEREOF, the part ies of the iirst part ha w~ hereunto set theiT Iwnd I
s and seal s______ the doy and year first above written. (
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WITNESS: : ~
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~ ; SEAL) I
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: : r9 - ~ , 53 (Acknowledgment in form gtnerallY used in ~
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. ~t . ' ~~~-j~3'~ 5tate where this instrumant is executed.) i
STAti~'•~ • . ~FLVR~`, ' ppt'~FtAS. C~~ ~ ~
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CC1lfNTY OF ST. LUCIE ) ~
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~ NERESY CERTIFY that on this day, be~'ore me, an off"icer duly au~horized in the State `
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~ and County aforesaid-~o take acknrnr~edgments, personala.y $ppeared JOHM N. SIlrL.S aud ~
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EDNA S. STN~S, his wife, larrawn ta me to be the persans described in and wno executed !
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the foregoing instn~ent and severally aclmowledged.the execution thereof to be their (
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f~ A~st ~d. deed for the uses and purposes thereixi mentioaed. ~
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~IT~~r,~? ~nd and oPficial seal the date forest4id. {
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' ~:•'~NOTARr
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:~;;~'~'F~ w No~ary Public in ar~d r State and Couutyr afvresaid
- , D.~ :'~~~mission eapires: Apri1. 1.966 i
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~lc~yt3~ L r~ Nata1? ?ob~ic. Sute oi ~id~ at i~
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f%,~ ~.'••.....~••;c - ~ Com~issior Exp~r~ ~~~r 6. ;969
~'r ~dd Amw:can Fwe 5 ~asuely Co, n R r~
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