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~ ASSIGNMENT OF LEASE
TH1S ASSIGNMENT AND AGREEMENT, made and entered into this 10~h day
i~~TG~
of March , 19 72 , by and betweea $QUITY ASSOCIATSS~ a Tennessee
Limited Partrierahip
, heteinafter
referred to as 'Borrower,' and Dobson & Johnson, Inc. , a Tennessee Corporation
, hereinafter referred to as "i.ender,' WITNESSETH:
WHEREAS, Borrower is the present owner in fee simple of the following described property:
Situate in St. Lucie County, Florida, viz:
Commencing at the intersection of the weat right-of-way
of South Fourth Street (U. S. Highway 1) and the south line
of S~1/4 of the SW1/4 of Section 15, Township 35 South, Range
40 Sast, in the City along the west right-of-way line of South
Fourth Street 305 feet to the Point of Beqinning of the lands
herein described:
From the said Point of Beginning, continue North 0 deg. 03 min.
34 sec. East, along the west line of South Fourth Street, 360
feet; thence Narth 89 deg. 42 min. 26 8ec. West,~parallel to
' t21e Bouth line of said Section 1S, 501.9 feet to a point; thence
South 0 deg. 03 min. 34 sec. West, 50 feet to a point; thence
North 89 deg. 42 min. 26 sec. Weat, 175 feet to a point; thence
North 0 deg. 03 min. 34 sec. East,100 feet to a point; thence
North 89 deg. 42 min. 26 sec. West 200 feet to a point; thence
' South 0 deg. 03 min. 34 aec. West, 585 feet to a point; thence
` South 89 deg. 42 min. 26 sec. 8ast 511.9 feet to a point; thence
~ North 0 deg. 03 min. 34 sec. Bast, 175 feet to a point; thence
~ South 89 deg. 42 min. 26 sec. $ast, 365 feet to the Point of
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4 Beginning.
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; 8eing the same real property conveyed to EQUITY AS30CIATL3, a
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; Tennessee Limited Pa~ership by deed from ALBERT W. JO~IIISQN and
~ wife, MARGAR$T H. JOI~ISON, of record in official records book
~ # 195, Page 1753 of the Public Records of St. I,ucie County,
r Florida.
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AND ~VHEREAS, Lender is about to become the owner and holder of a Mortgage Deed
' , hereinafter referred to as "security instrument,° executed by the Borrower; rnvering the
- above described property, and securing a promissory note in ihe prinripal sum of Or~e Mi11ioI1 One
~ Hundred Thousand and 00/100 ($1,100, 000.00) - - - - - - - Dollars; and
- WHEREAS, Lender, as a rnndition to making the aforesaid loan a~d as additional security therefor,
has required an assignment of all of the Borrower's right, tide and interest in and to all leases now on
s~~id property or hereafter placed thereon and of all other rents, issues and profits derived or derivable
A from said property, and has further required the agreements and undertaidngs of the Borrower herein-
after set forth.
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This instrument was prepared bys Donald K. S~aitzer, Attorney at Law,
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° 27th Floor Life and Casualty Tower, Nashville, Tennessee. ~
80Cx~ i~CE~~~
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