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CONDITI021AL ASSSt3~ OF RSEITAL3
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This agrcc~rnen~ entored into thia 31st da~t? af • October b~ ~
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and be~We: n~r,_EOR
_G~SA~SRB,_
Y_i and ~IAS SALSEBY. his wife
uf Lucie County, Florida parties oP the first part (also hex'ein-
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after referred to as Borrc~ers) and TAS CQMMONWBAI,TH CORPORATION
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aeaond nart ( also hQreinaPter rAferrod to as _ Mortgagee ~ ;
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WIT? ''T~I, k~RnAS, the parties of the Pirst part are the mortgagors ~
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in that cc3rtain martgage dated October 31, 1966 unto T~
_~ntawr. nT•Tu co~vnRAm~(~Q~'~6 ~ P~ipal sum of FO1tTY TWb ~
Txovs~ ~rm rTO ioo nor.r~RS ($a2, ooe. oo)
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and encwabering tho o1loWing desaribed property situate, lying and Seing
S . Lu ~ Florida
i.n ~ autYtY, , '
SSE REVSRSS SIDS FOR LSGAL DESCRIPTION:
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k~ERi?AS, the party of the second part, as a condition to grantiag the i
I aforesaid mort~ge loan, has reqnired t2n executian of this assignnent of
the rentals of~the rortgaged premises, by the parties of t2w first part;
NOW, TI~RE~RS, in order f'urther to eacure the paynie~t of tha indebted-
- ness o~f _the Bc : ro~rcrs to THE COMMONW'BALTH CORP- an~dTinO~onsideration of
- the making of the loan represented bp the afo~esaid mcrt~age and th~ notQ
secured thercaby, ar~d in ftirther cor~sideration of tt~ swn~ oY QI~ DOLTAR _ ;
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(~1.~0) paid by T~ COMMONWEALTS CORPOit31~~~I~o7r~o~Trers, the receipt of {
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~hich is hereby aclmaxlodgad, tae said Borro~rers cb hercby sell, assiga, ~
CORP~T~ON ~
transYcr arxl set wer unto T~ COMMONWEALTH ~ , a o thc3 rc3nts, 3
is~ues and p~oPit~ of the afa~resaid mortgage premi~es, this assigmnent t~ f
bQC~me operati~v~e upon any deYault being made hy the Borr~ers under tha
terms of the aforesaid mortgage or the no~te secured ther~by, and to remain
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in full force and effect so ..ong as ar~ dQfault concinues to exist in the :
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matter of the making of any of tbe paymer~ts or the perfor.aancc of any of ~
the covena~ts set forth in tho aforesai.d mortgage or the not,E secured thorcby. ~
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60GK 159 PAGE ~13 =
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