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4. Busineas Leta• ~nnr~cord~d) dated Jnn~ 1, 1963 xh~erein ~
the vuad~reign~d ~saigaors or on~ or ao~s ot tbs~a ar~ i
Leaaor~ t~d l~rio~n l~oods, Ino. ia L~ise• oo~~ring th~ j
rolloiriag daaoribed prop~rt~s M
L pao~ing houa• loaat~d on atat~ aoad fio.
inolndiag a?11 eqnip~a~nt ~d. p~rsonal prop~rt~
aitu,ated th~r~sn, at a point aara partionl,arl~ '
d~saribsd ae lollarss ~
A parc~l o! 1~d in S~otion 25, ?oMnahip
aonth, Rana~ 1~1 East, Pala Bsaah ~
Connt~, l~lorida, bouad~d on ths 8ast bT
th~ Xist rig~t-ol-xa~ lin~ a! 8~ate Roa4
. Ao. 7, bow~ed on the lteat b~ a drainag~
ditah, bonnd~d on the Forth b~ aa ~=iating
road, and bouad~d on th~ 8onth bT a liir ~
running Saat and t~Ti~t at 50o t~et sonth a!
aaid ezi~ting road, bein~g appro~ciaat~ly
125,000 aquar~ l~et in ~raa, inaludiag a~
¢arag~, r~pair ahop sid on~p erea aonaie~~
i~g o! thre• aabina and a s2~~r hovue
loaat~d du~ So~nth ot the ~aaant hona~.
This aeaigxment shall be d~eosd to inalnde all ren~xals
aad eztsnaione o! aaid lesae.
5. I.~ase (u~eaorded) dat~d Jna~ 16, 1965 vh~rsia the
nnd~raigned lasignQre or on~ or nors o! ~he= at~ Leasors
and 8. D. Ba~aon ia l.sss~e in~olii.ng ths tolloxiag
desaribed land ia Pal~r B~aah ConatT, Fla~ida, to-xit:
280 aar~a ot p~~tnrs lan~d aitu~ated in the Bas~
~t or $eation 25, ?oxnahip !}t{, South, Raage 41
8ast, bsing ail ot said Btat ~ l~~e the paalti.~g
hons• snd ~te Road 7 right-of-wa~.
~ ~ Thia aaaig~aasnt atiall be dse~d to iaalnd~ all rsn~xala
and e:ten~ions o! said leaa~.
Thia aasig~snt i~ given aa additional a~onritT for ths par,-~ent
o! that a~rtain Prc~iaaor? aote datsd S 1 in ~
the origiaal prinaipal svia of $200,000. e=ecn e T s ~raiga~d
Aaaigaora in favor of the Assigaee h~r~ol, aaid nots also bei~g
aecured by a aortgage o! s'en date thers~+ith ao~sring the lollc~r??ing
deaaribed land:
Section 25, Toxnahip l~t~ Sonth, Rangs 41 8aat, lssa the
South 75 leet and ths No~tli 75 t~st thsrsot', affi l~as the
right-ol-wa7 0! State Road l~o. Pal~a Bsach Count~, Fiorid~.
Ths und~raign~ed Lasignors do herebT co~euant and agree ~ith ~
Aasiguse aa rolloMSs
l. Aasignors ahall havs th~ right to aoll~at and rstain •
ths intersat pa~meats an~ and p~abl~ nnd~r said Robbine `
and Chaplin notsa and a~rtgagea acaordi.x~g to t2u ter~u
~ t~sreol, and ths right to aollsat aad retain a~p and all
rentala nnder th~ thre~ leaa~a abo~~ d~soribed, aaid ~
int~rest paTaent• an~d rsntala to bs aollectibl~ nntil
d~lanlt her~und~r or na~d~r ths note herebT secur~d. In i
the ~oent ot aaT such d~tault, Assigne• ia hsreb~ grant~d
ths nnconditional right aad parer,.at its.optfon, at a~
t3aie ~rhils snah default re~oaina ontstanding, to deaaad,
reasi~~ and aoll~at anah intereat ps~msnt• and rental•
aad appl~ th~ •a~ tcwarda pa~rnt ot the ind~bt.~diuss
. hsr~by s~anr~d. Aiaiga~• ahall n~ot bs bound hsreby to
de~and, r~aei~~ or collect anT of such int~reat pa~ats
or r~nts, ~d sha12 not be responeible !or lailure to
ez~raiae t~~ ~tghta 2ureb~ grantsd, ar~d lailurs to
~z~raise anah rig~ta att~r the bappenin~g o! a d~lanlt
a2~a11 not be aonatra~~d as a xai~sr ot auch rights i#n th~
eisnt ot a snbs~qneat d~lanlt.
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a~xifi8 ~1653
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