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COLLATERAL ASSIGNMBNT OF LSASBS AND RBNTS
THIS ASSIGNMBNT OF LBASBS AND RBNTS made as of the 25th day of
January , 1980, by SAN LUCIB PLAZA, INC., a Florida corporatoin,
having its. principal office at 735 North 4th Street, Ft. Pierce, Florida
(hereinafter called the "Assignor"), to CITIZBNS FBDBRAL SAVINGS AND ,
LOAN ASSOCIATION OF ST. LUCIB COUNTY, Florida, 1600 South Federal Highway,
Ft. Pierce, Florida, (hereinafter called the "Assignee");
WITNBS SETH:.
'THAT WHBRBAS, contemporaneously herewith, the Assignor has executed
and delivered to the Assignee a certain promissory note in the principal
sum of FIVB HUh'7RED THOUSAND AND NO/100 ($500,000.00) DOLLARS, (herein-
after referred to as the "Nate"), secured by a first mortgage (herein-
after referred to ws the "Mortgage") on the premises of the Assignor in
St. Lucie County, Florida, more particularly described in Bxhibit "A"
annexed hereto, together with all buildings and improvements noW or
hereafter constructed thereon (all of such premises being hereinafter
collectively referred to as the "Mortgaged Premises"); and
WHEREAS, as additional security for ,the Note and the obligations of
the Assignor thereunder, the Assignor has executed and delivered to the
Assignee this Collateral Assignment of Leases and Rents;
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NOW, THEREFORE, for value received and as security for the payment
of said obligations of the Assignor, the Assignor, for itself and for
.its successors and assigns, does hereby transfer, assign and deliver
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unto the Assignee, its successors and assigns, all of the right, title
and interest of the Assignor in and to (1) all leases, subleases,
tenancies and any other agreement affecting the use of the Mortgaged
Premises, whether written or oral, now or hereafter existing with respect
to any portion or portions of the Mortgaged Premises, together with any
renewals or extensions thereof and leases, subleases, tenancies, and
such agreements in substitution therefor (all of which are hereinafter
collectively referred to as the "Assigned Leases"), (2) all rents and
a
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other payments of every kind due or payable and to become due or payable"
to the Assignor by virtue of the Assigned Leases, or otherwise due or
payable and to become due or payable to the Assignor as the result of
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