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It any. ahall be applled on account of prlnclpal and Intereat thereunde~; pro- !
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vided. however, that thls conditlonnl assl9nment s~all be vold upon payment In ;
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tull by Borrower of all such Indebtednesa and Bor~ower ahall be credited with ~
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any surptus collected. '
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It Is Turther convenanted and eyreed that the Borrowe~. his aucteasors or
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asai~ns. shall have no rlght~ power or authority to alter~ uadlty ot aiaend the li
terms, or any of them. ot the contracts or leases now or hereatter ezistin~ and I~
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herelnbefore described in any part{cular whatsoever wlthout flrst obtalnin~ the
consent In writlnfl ot Lendar to such alteratlon, rtadltlcatlo~ or an?end~nent. ;
Nothinp hereln contained ehall ba construed as maklnfl the Lender. or aald ~
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rents, issues, proffts, revenues. royalties. rl~hts and benetits. and It is
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understood that the Lsnder Is to account only for such sums as are actually
co~~ected.
IT IS FURTHER UNDERSTOOD AND AGREED that nelther the exlstence ot this con- !
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ditlonal assignment nor the exerclse oi the privllage to collect sald rents, '
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issues. Rrotits, ravenues, royatties~ r{4hts and benefits hereunder sha11 be ~
construed as a waiver by ihe Lender or Its successors and assisns ot the rlyht ~
to entorce the payment of the debt heralnabove described In strict accordance
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with the terms and provislons of the note and ather loan documents and security ~
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' Instruments tor which th{s conditlonal assignment is given as additlonai
i security.
~ IN WITNESS WHEREOF, tne partles have executed this instrument on the day
~ and year first above wrtttan. •
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~ S i pned . saa i ed and de 1 f re C. C. AR~IOLD ENTERPR I SESI- I NCr-
~ In the sence of: ~ i i -
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gY'i:.~Gt~~-t-:Gf i~ l- ti~_~~
CLARENCE C. AFtNOLD
; . ) , . - . Its President (Corporate Seal)
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` ' ORIDA~~NA Lender
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t f~ , DAV I D NGUE ` ; ~ . ;
Vice Pr. ent r,:~
(CORPORATE SEA~'T;~. - ' C; `
~ STATE OF FLOR I DA . - , . --.-w-~ - ' ~ -
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~ COUNTY OF A~fART IN • .
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Before ~ personally appeared, CLARENCE C. ARNOLD. to me well~k~~~ndV~n and
' known to me to be the indfvtdual or indivlduals described In and who executed
the torefloing I~Aortga9e, who ecknowled~ed beTore ma the executlon ot the same
freely and voluntarliy tor the purposes theretn expressed.
WITNESS my hand and ofticl~l seal t is 17th day of ~a a~ 0., 1990.
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$ , • Notary Public
E - ~ , • ~iy Commfssion Expires:
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