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~ ASSIGN~tENT Or' RENTS AND AGREF.MEh'T NOT TO SELL ~
OB ENCUIIJBER REAL PROPEEtTY
.
In consideration and as security~ for a loan made or purcl~aseci by W i 11 iam R. S pooner and
;.:arleng,.K_~~ooner--- (heceinafter called "Lender") ~vhich loan wa, ma~le for the improveme~t of real
property dexribed below and is evidenced by a promissory note in favor of
Florida Bank at Ft. Pierce P.O. Box 3469 Ft. Pierce. Florida 33~+5~
dateds;nvemher 16th , 19~, in the amount of Ten thn s~ nd nine hLnd,~ed
seventeen and no/100------------------------------~~~~~~, 10,917.00 '
the undenigned, and eich of them, (hereinafter called "Borrower") hereby covenant and agree with Lender
~s followa:
l. The real property referred to herein is located in Fort Pierce ~ Florida ,
City/County of St. I~uci~ , State of FloY'ida and is described as follows:
I,ot 4, Block E I'~ARAVILLA T~;RRACM. Suhc~ivi_~inn a~~nr~lin~ t~ -
the Plat thereof as recorded in Plat Eook 5,page 50, of the
Public Records of St. Lucie County~ Florida. .
2. Boetowet h~eeby assi~ns to Lender all moneys due or to hecome due to Borrower as rental or otherwise for or on
acoount o[ sue6 nd pe~optety. reservin~ unto l3orro~rer the riQht to coUect and retain any such moneys prior to Borrower's
~ de[ault under the tenl~of th~ (oan described abo~e;
3. Bore+ower w~ill ~t create or permit any lien or any encumbrance (other than thosr presently_ existing) to e:ist ~
; on aaid real property and will not trans[er, sell, assign or in any m~nner dupc»e of said real property or any interest therein
~ writhout th~ pcio~ writt~a oonsent o( Lender;
4. Lender is bereby suthorized and permitted to cause this instrument to be rocorded at such time and in such placei
as Lend~r at its option auy elect.
~ 5. This aQeem~nt is expressly intended for the t?eneCt and protection ~~f L.ender and all subsequent holders of the
~ pott described abow. Borrower ~rarrants and represents that Bonowe~ owns tlte aDovrdr ibed rea! p Ry.
~ 6. 'I?iis a~e~eemeat shall remain in full force and etfect until the loan described ve sh ave been paid in full or :
E - unW twentyon~ (21) yeats [ollowiog the death of the last survi~or of th~ unders~gn hiche r f occurs.
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SIGNATUR ~
Dated:November 16th .1977 .
StGNA'fCRE
:~ar e ~ . o
STATE OF ~lorida 1 ~
~ W ITTi ESS
City JCuurtty of i.. Lu ~ ~C wITNESS ~ -
On this 16th day of jiovember , 19 7? ,
before me, the undenigned. a Notary Public in and
for said City/County and State. personally appeazed '
~ :lillia~ R. Spooner
Space belowift~i0r8~1~~~ only
~ Marl ene K . S~o~~c . , s~r_ ~u~~
~ and , his wife ^ q4CER POis~AS T
, s C:,CUt~ CCUR ~
knawn to me to be the p~rFoaa
~ wh'os~:
rf~tm'a~ are sub- - :
. scribed to the within instruuien~_ and ackn6wledged tu ~ '
me that they have execnt~d the same~ a~ the~r own DEC I 2 22 PH -
free act and deed. : -
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~ WITNES3 my hand and"~~ficial'seal. - • _
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n - . - :t~~
~oM,+1. ~,c . /
~ _ Notar~i
Pu~blic in aad for uid ounty and Stat~
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~ FJ~tM 7(~51/0-771
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