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And tbe parties of the firet part do hereby suthorize and emporrer
tbe said D. R. MBAD 6 CalPANY, a Florida corporation, its succeasors aad assigns,
to collect the said rents, issues, profits, revenues, royalties, rights and bene-
fits, as they shall beccme due, and do hereby direct each and all of the tenants
of the aforesaid premises to pay such rents as may no~ be due a~d payable, or as
shall hereafter become due and payable, to the said D. R. 2~AD b OOMPANY, a Flo-
rida corporation, its successors and assigas, upon demand for paynyent thereof by
the said Compaay, ita successors and assigns. It is understood and agreed, har-
ever, that no such demand shall be made umless and until there has been a default
in the payment of the indebtedness secured by the mortgage herein meationed, or
default in the paymeat of any other sums secured by said mortgage, and uatil such
demaad is made, the parties of the first part are suthorized to collect, or con-
tinue collecting said rents, issues, profits, reveaues, royalties, rights and
benefits; but that such privilege to collect, or continue collecting, as afore-
' said, by the parties of the first part, shall not operate to peYmit the collec-
tion by the said partiea of the first part, their heirs, administrators or as-
sigas, of any instalmeat of rent in advaace of the date prescribed in said lease
or leases far the payment thereof. -
The te=m of this assigament shall be uatil the certain note and
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mortgage [or any eutension to renewal thereof~ dated Febrnary , 1967, made,
~
eaecuted aad delivered by JOffid M. KcCABTY, individually and as Trustee, and
LOIIISS F. McCARTY,_his wife, to D. R. 1~SAD ~ COI~ANY,_ a Florida corporatioa,
; covering the above~described premises, for the s~ of Oae Huadred 1h~usand
~
t [$100,OQ0.00] Dollars, shall have beea fully paid and satisfied, or umtil the
expiration of the period of redemption, if aay, at Which time this~assignment is
to be fully satisfied, cancelled and released, aad the releasiag of said mort-
gage shall constitute a release hereof.
.
This assignment is given as additional security for the perfoxm-
ance of each and all of the obligations and covenanta of the note and mortgage
k above described [or any eutensioa or renewal tbereof], aad~the amounts collected
hereuader, less the eupenses of collection, if any, shall be applied on accouat
s 2 = ~oox~65 P~1060
LAW OF~IGCS~1lLE1N. MOORQ; KLINE,407 LINGOIN ROAD. MIAMI OG~M 9~, fLORIDA -
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