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ASSIGNMENT OF ftENTS AND AGREEMENT NOT TO SELL
Oft ENCUMBER BEAL PKOPERTY
In consideration and as security for a loan made or purchased by ~:.LR I:%:i ~A:::`: T
~~R^' i= T'?R ~ ~ (hereinafter caUed "Lender") which loan was made for the improvement of real
property described below and is evidenced by a promissory note in favor of
r'~'~~R~~`r i+ 'IT~' ~F ~'"D ~'r_RISTI':- :I:.i:~~. 1,.zC ~~r;~e
dated A~ri 1 2 , 19~, in the amount of ~'er_ tne~_a~and ~ever, Y~un~red
and 7~1100--------------------------------------Dollars($ 1G~700.7~
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 :'(%F;T F T~~~~ -
,
City/County of a~' • 1~i~ , State of ~'~'~'D and is described as follows:
. ~ r.. ,-~r~ . ~ T -
~.0;' ~ "1nC~C ? ~ ;C'•.;. _R{ ~..._A_~.: ::~t'~~I'• ~.~i;,'.. ,
_?C~nr(~irT LO t1:° ~~L?~., tl'?F?rE'.Oi~~ reccrd<°~ 1':
T'^Oi~ ~~,J~` '"P ii~ r~r f'u~ilC Re^ord~ Cf :,t. .L'~Cit
,JOLI; -`~J ~ ~'1.0?^~G~~i, '
ti
2. Borrower hereby assigns to L.ender all moneys due or to become due to Bonower as rental or otherwise for or on
account of such real property, reserving unto Borrower the right to coDect and retain any such moneys prior to Borrower's
default under the terms of the loan described above; -
! 3. Borrowe~ will not create or permit any lien or any encumbrance (other than those presently. eaisting) to e~ist
~ on said real property and will not tranafer, sell, assign or in any manner dispoee of aaid real property or any interest thernin
without the prior written consent of Lender;
~ 4. I.ender is hereby authorized and permitted to cause this instrument to t?e recorded at such time and in such places
( as Lender at its option may elect. -
j 5. Thia agreement is ezpressly intended tor the benefit and protection of Lender and all subseyuent holders of the -
~ note described above. Borrower warrants and represents that Borrower owns the above-described real property.
~ 6. Thia agreement shall remain in full force and effect until the toan described above shall have been paid in full or
~ . until twenty-one (21) years foltowing the death o[ the last surviyor of the undersigned, whicheve ~rst occurs.
stcxwTVSE ~ i~~~
~ Dated : ' ' l ? ~,~7 ~ ' ' • -
"~"r ~ ~ " stcxw'rvRe '
!'lF' .._2~'
STATE OF ~ =~=h
SS WITNESs
~ Clty/County of • ~ ~ J WITNESS ~
~ On this ? tr; day of , 19 7~; ~ ~
before me, the undersigneci, a Notary Public in and
~ for said City/County and State, personally appeared
~ ~ f fr e sr ` J, i l Z° r Space below for recorder's use only
:
>y .
~ ~d r i~_1',,~r_ i i 1 1 _ r , h'ls wife
fILEO AND RECpRa£D
= known to me to b@ the pezsons whose names are sub- St.IUC~E COUNTY FlA
y scribed to the withir~ insttume~}t 8u~d acknowledged to t+OCER P O~ T R A S
~ ' " Ct ERK ClRCUIT COURt
me that they havs eaecuted the same, aa their own - y~.,:fiEr~
~ free act and deed. : ~ - -
~ .~+VITNESS my hend, and.officia! ses1.~ ~ APP, I 3 9 s3 ~M
~ ~ • ~ • ~ ~ ~St. ..l~C;.P ~:0. ~ :
~ . ~ _ ~ ~~~9~5 ~
^t. . ierc? "la. ~
~ - ~ c~cy ~ j
~ Notary Public in and for said County and State
~ . „ ~..~.z~ti, ?x~1r~,v 3 .~7_ l1 R ~~r f~~
~ '..y ~orlrr.i~~ 30t,'~ A G :
3
FORM 706 170-77) j
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