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ASSIGNMENT OF R.ENTS AND AGREEMENT NOT TO SELL ~
OR ENCUMBEft REAL PftOPERTY ~~45$
In consideration and as security for a loan made or purchased by r' ,.~c ±
"o rt i- i e r (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
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,j d 1
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dated T''n.,^'"•, < 19 ~ ; in the~amount of '~~_~r ^,.-:a•~ ~
.
±~„r1~. ~yx ;~~d ''~'iQ~----------------------------Dollars($ !i
the undersigned, and each of them, (hereinafter called "Borrower") hereby covenant and agree with Lender
as foAows:
1. The real property refemed to herein is located in ''r'2"t e c~= ,
City /County of r- n , State of' r~~' r' and is described as follows:
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r~,>, oe i j`'_ ~t -?n^ii 1''~ -p 1 ,l. r.•r ±.~.Q , C~ _ ~ ..;'n~r~? _ ,^f r
i ~~,-Z'..~~: ~ ^y/~l'~~(A:t~
2. Borrower hereby assigns to Lender all moneys due or to become due to Borrower as rental or otherwise for or on
account of such real property, reserving unto Borrower the right to rnllect and retain any such moneys prior to Borrower'a
default under the terms o[ the loan described above;
i 3. Borrower will not create or permit any lien or any encumbrance (other than those presently e:isting) to exist
on said real property and will not transfer, sell, assign or in any manner dispose of said real property or any interest therein -
; without the prior written consent of I.ender;
4. Lender is hereby authorized and permitted to cause this instrument to 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 Bonower owns the above-described real property.
~ 6. This agreement shall remain in full force and ef[ect until the loan described above shall have been paid in full or -
? until twenty-one (21) years foliowing the death of the last survivor of the undersigned, whicheve first occurs.
E
g SIGNATURE
~ Dated : • ~ r- r : ~ - o _ . _ ; . „
SIGNATURE ~
^ y': i~ c, . _.;~I_ '
~ STATE OF ~
~
SS WITNESS
~ 1 ~ ^ ~ WITNESS
~ City/County of
:3
xi
Onthis _dayof T~r:;~r;; ,19~"
~ before me, the undersigned, ~a Notary Public in and
~ for said City/County and State, personally appeazed
w ~ ~ r'~ ~ ~ Space below for recorder's use only ~
' ~d • --=~'~r`' his wife
t3 ~
known to me to be the pereolis vvhbse names are sub- .
scribed to the within instiuoae~~~and acknowledged to FILEO AMD RECOKUEO •
me that they have eacgcuted , the same;..as. their own ST. luC1E COUNt~r FLA.
ROGER POITRAS
free act and deed. - CLf.RK CtkCU~T COURt
° I NESS my hand and ofG~ial seal. . c~ v~ L,~tEO
, ~
;3 ~ ~~N ~ i i i ~9 aN ~~B
= ; ~
- ~ ~ ~ ~ ~ .~~c~ ~ ,
~ _ : ~ ~Y ~
~ Notary Public in and for said Count34 and State 3yp465
~ ~,~r~r. 3-~a-~/ ~ ~ ~
FORM 706 (70•77) Cf~~ ~ Q~C Q~
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