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ASSIC~II~IFNT OF SUB-LBASE
KN(~V ALL MFN-- BY THESE PRESBNTS :
That FRANCHISE REALTY INTERSTATE CARPORA'T10N, party
of the first part, in consideration of the sum of Ten Dollfirs
($10.00) and other valuable considerations, received from or
on behalf of the FLORIDA BANk AT FaltT PIERCE, Fort Pierce,
Florida, party of the second part, at or before the ensealing
and delivery of these presents, the receipt whereof is hereby
acknowledged, does hereby grant, bargain, sell, assign, transfer
and set over unto the said party of the second part a certain
sub-lease agreement bearing dat~ the 23rd day of November,
A. D. ~ 1965, made by FRANCHISE RF,~ILTY INTERSTATE C~tPORATIoN
Vineyard Industries, Inc., assignee of
to and in favor of /PHILIP W. VINEYARD and VERNON F. VINEYARD,
is
s' ~ /
and recorded in Official Record Book ,~5~
si, page ,
public records of St. Lucie County, Florida, upon the piece or
parcel of land, situate and being in said County and State,
and as described and set forth in said Sub-Lease Agreement.
This assignment includes all rights, equity, ownership
and interests of the first party, including all rents and per-
centages owed or accruing to the first party, provided however,
`
~ the first party shall continue to collect the same from the
Sub-Lease so long as the first party does not stand in default
" of its.promissory note in the amount of Sixty Thausand and no~100
Dallars ($60,000.00) and mortgage given to the second party,
encumbering the above lands with other lands. If any def ault in
said note or mortgage occurs, then the,second party can give
thirty C30) days' written notice thereof to the Sub-Lessees
whereupon all payments then due or coming due on and under
said Sub-Lease shall then be payable to the second party.
TO HAVE AND TO HOLD the same unto the said party of the
second part, its successors and assigns forever.
IN W7TNESS WI~REOF, the first party has hereunto set
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