HomeMy WebLinkAbout2303 in~ezest from the opera~ive date of ~his AssignmPit~. ;
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3. Tha~ cer~ain mortgage beaxing date the 3rd day of }
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Oct~ber, 1961, made by Richard L. Becker, as Trustee, in
favor of Stewart B. Iglehart and th~ undersigned, Ph3.lip B.
Iglehart, and recorded in O:Eticial Records Book 20, page
240, PiabYic Records of St. Lucie County, Florida, and toge~her
with the promissory note secured by and described in said
mortgage, and the monies due and to become due thereon, with
interest from the operative da~e oF ~his Ass~.gnment.
The undersigned does further nomina~e and appoint said
The r4utua]. Life Insurance Company of New York as his Attorney
in Fact, in his name, ~lace and s~ead, ~o col?ec~ said monies
and/or file legal action if unpaid ~vith ful.l and unqualified
autharity to constitu~e, nominate and appaint in its place and
stead, and as i~s substitute any party or parties whom or wh3,ch
h is said Attorney in Fact shall elect.
This is a co].lateral assignment ~iven for ~he purpose
of additional securi.ty far the promissory note hereinafter
refexred to and it is understood and agreed, however, and
specif ically made a part of th is ~ssignment, that it is not
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I ~o operate unless and until, when, as and if there is a default
~.n connect ion with the payment of principal, interest or the
observance or performance of any of ~he terms and conaitions
of a certain mortgage,~hereinafter referred '~o as the "MONY
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t~lor~gage", in the original principal amount of SIX HUI~IDRED
FIFTY THOUSAND DOLI.ARS ($650,000.00) executed by the under-
signed and Rosalind B. Yglehart, his wife, as mortgagors,
dated February ~5~ , 1966 , and recorded f~fj(~il /~R 1966 , .
under Clerk's No. f~f ~ ~130. , Public Records of =
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