HomeMy WebLinkAbout1802
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fllE1l AND RECOROED
I~!-Qfficil!-Record, .100K
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196) M~R 26 AM S: 02 .~~..P
SROGER POITRAS. CltRK SUBORDINATION AGREEMENT
T. LUCIE COUNTY. flORIDA
Kl'\OW ALL MEN BY THESE PHESEr-.iTS, That FAm-lERS "
Production Credit Ass0ciation, hl'reill;\(tl'r called Association, in considl'ratioll of Olll' Dollar ($1.00) p~lid and
$T. LU(I[ CJUHTY~ nA~
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the further consideration of the granting to Fl'asure Hull & Emil V B. Hull
of a loan by the Federal Land Bank
of Columbia, hereinafter called Bank, subordinates the following crop lien(s) or real estate mortga~e(s), here.
inaftcr L'Ollectively called Association Lien, recorded in the Public Records of
County, Florida, to-wit:
ST LUCIE
lJiQM
DATED
O. R. Bk .
MTtt.-ttK.
PAGE
RECORDED
PAGE C. ~{. BK.
I:'~'asure Hull, Inc. Jan. 31, 1963
58
589
TO A CERTAIN ~fORTGAGE FRO~f
Frasure Hull & Emily B. Hull
to Bank, securing $ 80,000.00 , dated March 22, 1963
O. R. L-" ~9S-
and recorded in said county in Morlga~ Book ....:J /'7 , at page OJ / ' h~reinafter called Bank Mort-
gage, as follows:
(1) Bank ~fortgage shall be prior to Association Lien on the lands described in Bank ~fortgage.
(2) On crops coming into existence after any default in Bank ~fortgage, or note secured thereby, Bank
~fortgage shall lw prior to Association Lien except as follows: Association Lien, so far as same se.
cures advances for production and marketing of crops, shall be and continue superior to Bank Mort-
gage on the crops for the production and marketing of which said advances were made.
(3) Except as herein specifically provided the priority of Association Lien shall r~main unchanged.
And Association hereby agrees that ill the event it assigns ASSUL'i...tioll Lie!l. the a\siglllllellt will recite
the fact that Ass~ciation Lit'lI has beea subonlinated to Balik \Iortg.\ge.
_ _ ".'IN' \~TI'IiESS WHEHEOF, Association has caused these presents to be executed and its corporate seal
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.-to. ~~:h'er'et'g :aifi~& by its proper officer thereunto first duly authorized, this 25 th day of
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FARMERS
PRODUCTION CHEDlT ASSOCIATION
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Treasurer
By
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STATE OF FLORIDA
COmny OF Dade
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ACKNOWLEDGMENT
Before me, the undersigned authority, this day personally appeared
ehas. B. Long. ~r.
who is to me' well known and known to me to be the__ke.~~It,/ Treasurer of the corporation de-
scribed in and which executed the for\'going instrument and h(c acknowledged to and before me that he exe:::uted
said instrull1('nt in the name of said corporati0Tl as its act and deed and impressed thereon the corporate seal
thereof, all by authority conferred by the by-laws of said corporation.
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IN'.~VITNESS WHEREOF I have hereunto set my hand and official seal at
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in.'f~~d!fTi~y 21;d state aforesaid, this
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>F~d.~"t>>;',olfice of the Clerk of the Circuit Court of
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on th~" , ,,,' _ day of
Hj ,mu
.19~.
25th _ day of
County, F1orida/r;iJf7~
, , I
St Lucie
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, 19_, at
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o'clock ___' ~\-f., and recorded in
Book No.
, Page
, and record verified.
~
Clerk 01 the S31d Court
.'t.rm PC.\ h.:J
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