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note or mortgage or under said ~ease.
3. Moniee received by the Assignee, if it ahall elect to
collect same, under this Aaeignment, while not in default, ahall
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first be applied by the Assignee to the indebtednesa hereby becured
in payment of the interest and principal as the same may beaome due
under the terms of the note hereby secured; and the balance, if any, ;
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in.the discretion of the Assignee, shall be either releaaed to the ~
` principal installments of the ~
As9lgnor or applied to reduc~ion of ~
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indebtednes$ hereby secured in inverse order of maturity. ~
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4. No change, alteration or modification of said Lease or ;
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any other Lease or rental contract covering the premises herein '
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, described shall be binding on the Assignee unless consented to in 4
writing by it, and the Assignor expressly covenants and agreea that _
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it will not change, alter or modify any auch lease or contract without ;
prior written consent of the Assignee.
5. The Assignee shall reassigr~ to the Assignor the aecurity
hereby transferred upon the payment in full of the~said note and all a
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sums due or to become due thereunder, but such reassignment ahall not
be necessary to the termination of the Asaignee's interest and rights
i hereunder which ahall terminate automatically upon the payment in f1x11
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! of said note.
IN WIZ`NESS WKEREOF, the Assignor has caused these presents to
~ be executed in its corporate name and its corporate seal to be
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~ hereunto affixed by its officers thereunto duly authorized the day
and year first above written.
MIAMI BEACH :+IRST NATIOAtAL BANK
Signed, sealed and delivered as Trustee o Trust known as
in the presence of : BRUJO REVOC TRIJS~'i Under Trust
~ . eme e the 1 day of M.a.y,
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; Attest: ~
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~ _ Assistant~it~Qr-...,,~ I
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aooK160 P~c~ 373 '
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