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RE~RECOROED SY CLERK ~1VpSS ~
~ TO SHOM OOCUMENT~IRY
STAN~ AFF 1 XEO 4~64~3
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ASSIGNh1ENT OF MnRTGAGES
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THIS IS AN ASSIGNMENT, dated September 1978, by ~
FIRST RESORTS, INC., 6701 N-. Broad Street, Philadelphia, _
Pennsylvania 19126, a Pennsylvania corporation, Assignor,
herein called "Borrower", to AETNA BUSINESS CREDIT, INC., ~
111 Founders Plaza, Suite 1200, East Hartford, Connecticut
06108, a New ~'ork corporation, Assignee, herein called
"Lender". ~
W I T N. E S S E T H ;
That for and in consideration of a loan from Lender to ~
Borrower and other good and valuable consideration, Borrower ;
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• hereby grants, barga~ns, sells, transfers and assigns to ~
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a Lender, all of the right, title and interest of Borrower in
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; ~ and to those certain mortgages encumbering real property in
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P ! S7'~ ~~~e County, Florida, together with the notes secured
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thereby and described in said mortgages and all monies due
and to become due thereon including interest, all of-which
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~ ± are more particularly described in Exhibit-"A" annexed
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= y; hereto and by reference made a part hereof, collectively
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{ sometimes hereinafter referred to as the "Mortgages".
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TO HAVE AND TO HOLD the Mortgages. unto Lender, its
~ successors and assi ns forever;
g provided, however, that if
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~ Borrower shall perform all of the terms and conditions of
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that certain Loan and Security Agreement to be executed by.
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~ the Borrower in favor of the Lender before the recording of ~
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this document and all related documentation, herein sometimes
= collectively referred to as the "Loan and Security Agreement",
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This instrument prepared by: Leonard Gilbert s
~ Carlton, Fields, Ward,
- Emanuel, Smith & Cutler, P.A.
The Exchange National Bank Building ~
- P.O. Box 3239
`a~ Tampa, Florida 33601 ? ~
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aoRK~93 P,,cf285i -
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