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ASSIGNMENT Of RENTS ~ ~
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. ~ ~06 33,Z
KNOW ALL MEN 6Y THESE PRESENTS, That the undersignad. i
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FORT PtERCE FIELDS PLAIA. a joint venture of Melvin F. Sembler. Fred A. Beshara, ~
ert . ang er an c o as anos i
whose ma i 11 ng add res s i s =~l~~~x~~~~
411 ~eqal Arts Bui lding, Youn~stow:
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herainafter called the Assignor, in conside~ation of tha sum of One Oollar
and other valuable considerstio~s, the receipt of which is hereby acknowledged~
does herebr sell, assign~ t~ansfe~ and set over unto Fraser Mortgage Company,*see below
1000 Union Commerce Arcada. Cleveland~ Ohio 44115~ hereinafter callsd the Assignee,
its successo~s and assigns, all the rents, issues and profits now due and which ~
may he~eafter beccme due under or by vi~tue of any lease~ whether w~itten or
verbal, or any letting of, or agreement for the use o~ occupancy of any pa~t of
the following described p~e~niSes: (
Situated in the City of Fort Pierce, County of St. Lucie, State of Florida, des-
cribed as follows:
Commencing at the inte~section of the North Line of the Southwest 1/4 Section
22. TownsF~ip 35 South, Range 4Q East and the Centerline of U.S. Highway No. 1~
Thence run East along the said 1/4 Section line 40 feet to a point on the East
right of way line of U. S. Highway No. l,
Thence run South along said East right of way line 1,553•2 feet to the point of
beginning;
thence run east paralle) to the aforesaid 1/4 Section line, 233 feet Lo a point; s
thence run North parallel with the East right of way line of U. S. Highway No. l.
150 feet to a point in the South property line of the James Paxson property;
; thence ~un East paraliel to the aforesaid 1/4 Section line along the aforesaid ~
; James Paxson South property line, 417 feet to a point, also being the southeast ~
! corner of the James Paxson property; ~
E thence run North parallel with the east right of way line of U. S. Highway No. l,
' also being along the east property line of the James Paxson property, 90 feet
~ to a point;
= thence run East parallel to the aforesaid 1/4 section line, 400 feet to a point; ~
; thence run South parallel with the east right of way line of U. S. Highway No. 1, ~
E 620.03 feet to a point of intersection with the northerly right of way line of €
i the Ftorida East Coast Railway; +
~ thence run South 69' 32' 40" West along said railroad right of way line, 800 feet j
= to a point;
thence run North 20° 27' 20" West 200 feet to a point;
~ thence run South 69° 03' West 158.07 feet to a point of intersection with the
~ east line of the City of Fort Pierce right of way line; thence run Vest paraliel
~ with the 1/4 section line, 83 feet to a point on the East right of way line of
U. S. Highway No. 1;
~ thence run North along said East right of way line, 540 feet to the point of
s beginning.
~ Less a~d excepting the west 83 feet thereof adjoining U. S. Highway No. 1
~ right of way in accordance with that certain Grant of Easement from the City of
~ Fort Pierce. a Municipal Corporation of the State of Florida, to the Central Bank
~ and Trust Company af Miami, dated October 7, 1963, and recorded in 0. R. Book 85,
Page 576, Public Records of St. Lucie County, Florida.
~ *as Nominee of FRASER MORT6AGE iNU ESTMENTS, a business trust created in
- Ohio pursuant to Declaration of Trust dated May 7, 1969,
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