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12. Upon payment in full of the indebtedness evidenced
by the Owner's Note, this Assignment and Pledge shall become
and be void and of no further force and effect and, in that
event, upon the Owner's request, the Issuer shall execute
and deli~~er to the Owner, instruments effective to evidence
the termination of this Assignment and Pledge; provided,
however, that any affidavit, certificate or other written
statement or any officer of the Issuer, statiny that any
part of said indebtadness remains unpaid, shal~ be and
constitute conciusivz evidence of the then validity, effective-
ness and continuing force of this Assignment and Pledge, and
any person, firm or corporation receiving such affidavit,
certificate or statement, including HUD, may, and is hereby
authorized to rely thereon. ~
13. The Owner agrees to execute and deliver to the
Issuer at any time or times during which this Assignment and
Pledge shall be in effect, such further instruments as the
Issuer may deem necessary to make effective this Assignment
and Pledge and the.various covenants, obligations and agreements
of the Owner contained herein. The Owner hereby irrevocably
authorizes and appoints the Lender its'attorney-in-fact,
with full right of substitution, to do all acts and things
which the Issuer may deem necessary er expedient to perfect,
protect and enforce its rights and remedies hereunder,
including, but not l~mited to: (a) signing the Owner's name
on and filing financing statements azd other required notices;
and (b) endorsing the Owner's name on ~ny checks fer HAP
Payments that may come into its possession after it has
given HUD the notice of default referred to in Paragraph 8
hereof.
~14. No change, amendment, mo~ification, cancellati~n
or discharge hereof, or of any part hereof, shall be valid
unless the Issuer shall have consented thereto in writing.
15. The terms, covenants and conditions contained
lie~eii~ shali be binding upon zne uwner, its successors and
assigns and shall inure to the benefit of the Issuer, its
successors and assigns.
16. In the event of a conflict between the terms,
covenants, or conditions of this Ayreement and Pledqe and
the terms, covenancs or conditions of the Section 8 Contracts,
the terms, covenants and conditions of the latter shall
control.
IN WITNESS WHEREGi, the Owner has caused this Rssign-
ment and Pledge to be duly executed as of the day and year
first above written.
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STAT£ OF FLORIDA )
COUNTY OF PINELLAS )
ORANGEWOOD VILLAGE, LTD.
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The foregoing instrume t was acknowledged before me
th i s~d ay o f ~ 19 81 by s,q~ ~c~/ ~,r~~~ f~.~ ` v
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521~C)S ~i`'~<<~~~ r-.t-
NOTARY PUBLIC, State of Florida,••"'~'~-.,,
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~gg1 NAR 2~ ~~ My commission expires: ~. ~~ ~
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