HomeMy WebLinkAbout2023 • shall be given for any uncollected rents or other uncollected amounts or bills,
nor shall credit on the mortgage indebtedness be given for any rents, issues and
proCts derived from the prol~rty alter Assignee shall obtain possession of the
premises under order o[ court or by operation of law.
'3. Assignee may, after occurrence of default as above provided, from
time to time appoint and dismiss such agents or employees as shall be necessary
for the collection of rents, issues and profits and for the proper care and operation
of the property, and Assignor hereby grants to such agents or employees so appoint-
ed full and irrevocable authority on Assignor's behalt to manage the property and to
do all acts relating to such management, including among others, the making of new
leases in the name of the owner or otherwise, the alteration of or amendment to
existing leases, the authorization of repairs or replacements to maintain the
building or buildings and chattels situate upon the property in good and tenantable
condition and the making of such alterations or improvements as, in the judgment
of Assignee, may be necessary tp~, maintain or increase the income from the property.
Assignee shall have the sole control of such agents or employees whose remuneration
shall be paid out of the rents, issues and profits as hereinbefore provided, at the
rate of compensation accepted in the community wherein Lhe property is situate
unless otherwise specified and Assignor hereby expressly releases Assignee of any
liability to Assignor for the acts of such agents and agrees that Assignee shall not
be liable for their neglect or for monies that may come into their hands unless
actually received by Assignee at its Home Office.
4. Assignor agrees that nothing in this assignment shall be construed to
limit or restrict in any way the rights and powers granted in the mortgage instru-
ments to Assignee or the trustee named in any deed of trust. The collection and
application of the rents, issues and profits to the mortgage indebtedness or as
otherwise above provided shall not constitute waiver of any default which might at
the time of application or thereafter exist under the mortgage instruments, and
the payment of the indebtedness secured by such instruments may be accelerated
in accordance with their terms, notwithstanding such application. Notice of
default may be recorded and foreclosure sale held under such mortgage or deed
of trust, notwithstanding that Assignee continues in possession. of the property,
both real and personal, herein referred to, and continues to collect the rents,
issues and profits thereof.
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This Assignment shall inure to the benefit of Assignee and its successors
` ,and assigns and shall be binding upon the heirs, executors, administrators,
f successors and assigns of Assignor.
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IN WITNESS WHEREOF, each of the Assignors has hereunto set his
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hand and seal or caused this Agreement to be executed by its authorized officers
~ and its corporate seal to be hereunto affixed the 28thda_v of December
~ 1978 HOLIDAY PINES, a Florida General
Partnership, ASSIGNOR
Signed, sealed and delivered gy its partner
in the presence of: SARI, R. NELSON, INC.,, a Florida
corpora 'o
~C SEAL
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~ ~ Att . ~A~)
S tary:~
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TURNER. HEN DR~GK. GUILFORD. GOLDBTEIN A MC DONALD. ATTORNEYS AT LAW. CORAL GA6LE3. FLORIDA
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