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ASSIGNTi~.hT OF !IORTGi.('F
K.dOH P~LL MEN EY THL-'SE PRESEr:TS : That I, PHILIP C: . r'OURSE ,
nartv of the first part, in consideration of t~le sum of FO~'R NU`~DRED
A::U T~rE"+TY-FI~~E DOLLARS ($425.00) and other valuable considerations,
received from or on :~ehalf of CARL HFRZO(' and EVFLYN A}iERZOG his
:•:ife parties of the second part, at or berore tne enseaiina ana aeiivery -
of tiiese nresents, ti>e recei~t whereof is liereby ackno~+~ledged, do
~erebv grant, hargain, sell, assi_qn, transfer and set over unto
tt:e said narties of the second part a certain r~ortaag~ bearin~ date
the 2nd day of OctoLer D. 1961, made by ~:I:~C'RFY ELECTRIC, I?~TC. , a
Florida corporation, in favor of F£LIX A. 1•:ILLER and recorded in
Official ~ecord Book 23 at page 299 of t':e nublic records of St.
Lucie Count~~, Florida, u~~on the following described piece or narcel
of land, situate and i:einq in said County and State, to-wit:
Lots 7, 8 and 9 of Elock 3 of S1!I?1T JA'iFS
P::RI:, as -~er ~lat thereof rn file in Plat
£ook S at paqe 58 of t}:e Pui;lic °ecords o~
C~i T.~ri p~~»nt'~ ~ F~Q3'? da.
T~oaet~~er :•~ith tY:e note or o~,~ligation descri:~ec'. in said ntortqaoe,
anci t~;e r.~one~>•s due and to become due t~:ere~n, ~•ritn interest from
tt;e l~t:i day of Januar~~, F_. L~. 1y7~.
i}ze F_ssigr.ees, by the acceptance aereof agree and under--
stanG that tnis assignment of said note and the mortgaqe securing
sai~ note is ~rithout recourse to PI'_ZLIP G. `.TOUFS£.
Tne ~~Ssignee :~y th~ accec~tance of tili.s assianment of
~artaaa,e alse aqree and understanci that t~e mortaaqe anci note referred
+-r. L-~~r~-_; r, i c i nFnri ~r ~-n ani, ciihnYr~i na1'P t!1 a fl YSt m~rtnacT~ ;lElC~ OTl
4V .~~L~..~a1 ~v ~~.~...r.~v~ u...i u.`a.~ ...aa-_...~~.~..~.~~ _ " .
' said nro,~erti to tl:e ~'irst ?'ederal Savin _r.s and Loan I~ssociation of
s ort Pierce upon •.af~ic:: t'r_ere is a:~alance of Y J~~3$•3lv, togetrer
; ;itil i_nterest thereon.
~ "_'^e Assic~nees f_urt?:er unr".erstand and agree to t'-!e
t acce_~tance of t::is as~ionr;ent of mortqage and the note it secures
? t:~at this r~ortgaae and s~.c note are sul~ordinate ta and inferior to
~ t.~o (2) mortcrages i~eld T:.omas James Barr as Trustee of the Thor*mas
' Jar2es ~arr T~ust, sai~ m.ortcages .~eing recorde~ in Official Record
s i3ook 13 at ~age 90 of t~-.e -~u'.lic records of St. Luc~e County, Florida,
i an~a recordec: iiz :~'ortgaQe ~ook 30 at page lI2 of t=:e puhlic records of
4 ~t. Lucie Countv, ^lorica, u_r_on w~ic~ t~:ere is a total ~rinci~al
:,alance as of tr,is date in t::e ar.iount of $7 , 00~ . 00 tooether G: ith
~ accrued interest from January l, 1972.
~ '"tiat Kingre~~ Incort~=orated, ttie pr~sent title holder of
the afore~ai~ ~rorerty, '~.ere~:;r joines in t'^is assignment of mortctaqe
~ in orcer to aoree to ti:e above oresentation of fact and in order to
~ furt:er aqree and stinulate t*~at tIie L-alance due on this mortgaqe
n together ~~~itii t~e note i~ang assigned is the sum of $5,000. QO toaether
~:it~ int~rest at the rate of ldg fro^i ti:is date.
~ ~
Ti;at in consideration of yl.~: and ot}:er vaZuahle consi~era- '
R' tions ~xci.anaed i~etween the narties rereto receint of whicl: is hereb_y
ac'.~r.o~~ledgeci all t:arties otr:~r t~:an PIiILIP G. '.'OUPSE do here~~v agree
ar.d :~ti;~ulate t:~at ti;e foreaoing facts are true and correct.
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