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, COLIATBRAL • RAMCO FORM 40
ASSI3NMCNT OF MORTGA<iE
RROM CORPORA110N ~`~~`~~U
~now ii~i ~ien ~y ~ese ~resen~s : -
Tha~ NORTH TRAIL GOLF CLUB, INC., a Florida Corporation,
o corpomfion exialinp ttncler Itie ~au~t o~ the $tate oj Florida ~~~Y
o/ the /irst part, tn considernlion o/ ~he sum of $I~( }((JriDR$D THOUSAND AND NO/100•-------~~--~-
($600,000.00)------------ Dollars.
and othe~ vu~ua6~e rnnsiderntions, receii~e~ ~~om or on ~ehal(• o~ FIRST NATIONAL BANK & TRUST CO.,
OF RIVIERA BEACH, a National Banking Association, . pa?ry
oJ the second pnrt, at or 6eJore the enseolir~g ond delivery of these p?esents. Ihe receipt whereof is I~ereby i
acknou~ledged, does hereby gront. 6argai~, sell, assign, t~ansfer and set over unto tl~e said part y of tke ~
seconcl pa?f n certain mwfgage bearing c~nfe fhe 20th c~ay o~ December A. 19 72
made by TRAFALGAR COMMUNITY DEVELOPERS, INC. ;
in ~aror of NORTH TRAIL GOLF CLUB, INC. ~
andrecordedin O//rr~:,1 Rr,;~.J, l~•; F 209 .page 557 ,publicrecordso( St. Lucie
County. Florida, upun ~he Jollou~infl d~scribed piere or pmcel~o( land, situate a~d bei~g In said Counly and
S~~tp, to-~,~e:
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SEE LEGAL DL''SCRIPTION ATTACNED.
Less 35.38 acres released by Partial Release recorded in Official .
Record Book 212, Page 2874, Public Records of St. Lucie County,
Florida.
This Assignment is given as collateral security for an indebtedness
j~ of Assignor to Assignee in the amount of $600,000.00, and upon
~ payment thereof is to become null and void, other wise to
i~ remain in full force and effect.
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~ Together u~ilh fhe note or o6ligation descri6ed in saicl mortgage, nnd the moneya due and to become
k due thereon, with interesf ~rom the 20th cjay of June . ~9~6 •
i i! ~Q ~e ~Q~ the some unto !~e said part y o~ the second pnrf, its e
~ ~ega~ represpnfatiues, successon and asaigns ~orever.. .
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~ ~n ~~NKI~ ~~l 1{~e party of t~~e (irst pari tias c~~~31d~~,
pr~~spnls to he ex~cu?e~ in ifs name, an~ ifs cor rote seo~ lo; ~ '~i,
I (CORPORATE ~
SEAL) a~~iz~~cl. hy ifs propPr oJ~ic~rs thPreunlo duly authori:~d. Ihe ~ ••~~~~T'~:~: ~'t
d~y September . A. I). ~ 76 , . Oj 2
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~ NOR IL GOLF CLUB, NC.s m~o~~~ -i _
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' t Co or tion -
ATTE~T:-- .G~~~Ri---~-~-~---~--.... - . y"~ ~ ~1. .
J ES P ~•n~reas . ~ - • Od.L fl~ . =
gARRX - ~ , ~
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igned, S Q ~ aRC1 deliver III the presen 6 0I: ~ ~ O` ~~,9
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ARTNUR M. YOUNG '
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C.,~ L {~~-t
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STATE OF FLORIDA l
coL:v~rx oF PALM BEACH j
1 H£REBY CERTIFY that oa t6is da~, be(ore me, aa olficer dulr aut6~iud i~ tbe Sute and Cou~tT alweyid w ule ackw+kd~tme~a,
~~i °`"~~h •D°""a ARTHUR I+I. YOUNG and JAMES P. BARRY
1 ..~?i known to tot to be tbe Pmideot aad .S~i', ~TR~.S . rapeetiael~ at t?e corporatio~ ~amed a pvt~ ot tLt
fnt put ~s ihe (wrSoiuR imcrvment. and chat t4c~ x.Yrall~ ackworkdted esecuti~R ibe same is t6e p?erena d tweo wbwibief witaa~a Gee1T -
~ty~~~
aad •OIYAVf1I] under aut6oriq dul~ •esud in tAtm b~ said corporation and tA~t t4e ~eal s(fned t6ertto is tYe vu~. +~~~i{ eorpors-
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. WITIESS mt 6and aad of(icial scal ie tbe Count~ aad Snte Isst" a(«esaid t6is 29th da~ o( ~~P~X, .'It~~.:~1~.
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This instrument prepared by; - ~ ' : "
John R. Williams, Esq. • 4' _
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~ Blank, Williams ~ Benn r .
o a - -f
' 316 Pan American Building ~GUK~~ '
~ S PAGE 459 ~TA~ ~~~C nATF OR FIORfDA AT IARd!
~ West Palm Beach, FE 33401 A~Y COMMlSSION tX?lR:S DEC. 7, ia~~