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ASSIGNMENT OF RENTS AND AGftEEMENT NOT TO SELL ;f y~46~ .
Oft ENCU1~sBER REAL PftOPERTY
In consideration and as security for a loan made or purchased by =,1 ^ r i~i'~- ~
r~ r t~ ~ (hereinafter called "Lender" ) which loan was made for the improvement of real
property described below and is evidenced by a promissory note in favor of
^ ~'y,=.. ~ ~ 1 ; ~ ` Il-.' 11" j y., ~ r.. - i r . ~
'~t'1^ rl'.l ~i~- ~i! t.?'n~:.
dated 2 " ? r , 19 ~,~n the amount of : - i~ ~ " '
-~Y, r+., /ln•r:~~_~~~~~~__~~.~~~.~__~----- Dollars($ I~( ~
the undersigned, and.each of them, (hereinafter called "Borrower") hereby covenant and agree with Lender
as follows:
1. The real property referred to herein is located in r~ L c' ~ ~
City/County of ~ State of and is described as follows:
_ 1 ~ lh~ ~'~'t:'.' ~ . r°~_ ^,f _ ~ - ~ - - `rr- - i ~ - ~
T T _ 1~.. r f~ T t' T ~ ~ n r, y. j r a- r~ -r- n l _-i r;~ ~
i~~_.~ ~ - ~ _.~._'v - -
•r;~n•.•~^• = - - ~ _t )r ~ _ _ r•-~ `l` tt-r . _','~:lr~~ -
. . ~ / _
~ ` j., . 1 ^ , . - ~ } ' ~t •
~ • i. L' _ _ . ~ J i . ~ ~ . . : ~
2. Borrower hernby assi~ns to Lender all moneys due or to become due to Borrower as rental or otherwise [or or on
account of such real property, reserving unto Borrower the right to collect and retain any such moneys prior to Bortower'a
i default under the terms ot the loan described above;
j 3. Borrower veill not create or pe~mit any lien or any encumbrance (other than those presently ezisting) to ezist
on said real property and will not transfer, sell, assign or in any manner dispose of said real property or any interest thernin
without the prior written consent of Lender;
~ 4. Lender is hereby authorized and permitted to cause this instrument io be recorded at such time and in such places
as Lender at its option may elect.
5. This agreement is expressly intended for the benefit and protection of Lender and all subsequent holders of the
~ note described above. Borrower warrants and represents that Borrower owns the above-described real property.
s
~ 6. This agreement shall remain in full force and effect until the loan described above shall have been paid in full or
~ until twenty-one (21) years following the death of the last survivor of the undersigned, whichever rst occurs.
SIGNATURE
~ Dated: _ ~ , c~Q ~ _ -.1.
~ SIGNATURE ~ ti
~ ' . rII121' ' u 'a t': _ . ~ Is,`,•
~ -1:-
STATE OF ' ~
SS wiTrrESs
_ ~ T . . ~
City/County of WITNESS
'c~ -
' On this ~ day of ~ , 19 ~ ~ ,
before me, the undersigned, a Notary Public in and
for said City/County and State, personally appeazed
~ r:- ; , . ' Space below for recorder's use only ~ ~
" ~d ~.T'::~? ."..~2.•t ~}?'Y'j , his wife
known to me to be the persons whose names aze sub- -
- scribed to the within instrument and. acknowtedged to ,~p ~~,~p pE~pRpfC -
= me that they have executed the~ ~sa[Ae, as their own ~T, j.YCiE COIIMt1? Fl~?.
an deed. . ~b6E~t POITR~oUR~ ~
free act d f Cik~+c C:iCu C
WITNESS my hand and.ctffiEial seat.-- uE~':F~~~"_'_'~
~"1 , . . ~ _ . / J~,N I1 II n9 AN'1~ ~ -
*f ~ G - - r
-'a ~h ~ ` ~ . . •
m , ~ ~ - ~ ~ ~ ~yQ464
Notary Public in and for s9~d . ' (~i ~pupty, . ~hd State _
f; '~-~µ.r?n_ ~ 3'~~t- j~'~t~.<,-~ :
i' ` ~ ~ i
FORM 706 (/0-77) ~`l7~ ~ ?
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