HomeMy WebLinkAbout1053 a:~i,~ i~\~7i[\V~if~s~+ s a~a..ceaav+u ua :
JOHIJ G. IMMER
GREENE and LAYNE, P. A. ,
3 20 N. E. 18 Street 2~J~,J1,
,tiami, Florida 33132
~h: 371-5651
ASSIGNMENT OF LEASES AND RENTS
THIS AGREEMENT, made and entered into this y~ day
of October , 197 3, by and between HOLLYWOOD DEVELOPMENT
C ' o c/o Coral SBrincrs
Real Estate Cent r Ie , C ty o ,
County o Broward , tate o Flor~da , ere na ter re erred
to as the ='Assignor and GENERAL ELECTRIC ~REDIT CORPORP,TION, ~
a New York co=poration~ , here na ter referred to as the Assignee',
FOR VALUE RECEIVED and the co~sideration hereinafter set forth:
1. The Assignor assiqns, transfers, and sets over unto the Assignee
all of the Assiqnor's right, title and 3nterest in and to the following:
(a) All present and future leases between the Assiqnor, as
Lessor, and third parties, as Lessees, on the entire premises, or any part
thereof, situated in St. Lucie County, Florida, described as follows
(hereinafter referred to as t e Prem~ses"), to-wit:
See Exhibit A attached hereto and made a
part hereof.
(b) All rents, profits, and income derived from any of the
aforesaid leases and any renewals or extensions thereof or options thereunder
together with all rents, profits, and income for the use and occupancy of the
premises described in any of the leases, hereby assigned, and from all leases
of the Premises, or any part thereof, which may be executed in the future
during the term of this Assignment. •
(c) All rents, profits, and income derived from the real
estate and any bui2dinqs and improvements thereon.
(d) All agreements, service contracts, and insurance policies-
affecting Premises.
2. This Assignment is made to secure the following:
(a) Payment of the principal szun and interest, evidenced by a
Promissory Note and any amendments, extensions, or renewals thereof or future
advances thereunder, as therein provided, in the original principal sum of
SEVEN HUNDRED FI TY THO SAND 00 100 DOL
$ ) .
made by the Assignor in favor of the Assignee, and dated the day
of _ October , 197~, hereinafter referred to as t e note",
as secured by a mortgage of even date therewith on the Premises, hereinafter
referred to as the "mortgage".
(b) Payment of a2Z other sums, with interest, which may become
due and payable to the Assignee under this Assignment or under the note or
mottqaqe.
(c) Assignor's performance and discharge of every obligation ?
and agreement of the Assignor under this Assignment or under the note and
mortgage.
(d) A12 premiums of insurance on policies which the Assignee
has effected or may effect under the terms of the mortqage and all taxes,
assessments, water rates, and meter charges which may now be due and un aid, or
which may hereafter become due and a charge against or a lien upon the ~remises,
with interest and penalties-thereon.
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GqEENE ANO LA~NE. PA , ATtOpNEYS AT UW, 320 N E, i6'^ STREET, MIAMi, ~1OR10A 33132
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