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60 ,Mt 609
~T. '.'JCI[ C~:UNTY, rL^.
iJ ,1,';'St
SUBORDINATION'AGREE~ffiNT
\.[HEREAS, JAMES E. McNAMARA and EL IZABETH \-l. NcNAHARA, his
wife, (hereinafter called the borrowers) are desir'ous of 0btain-
ing a loan from the ST. LUCIE COUNTY BANK, a Florida banking cor-
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I poratinn, in the sum of TEN THOUSAND ($10,000.00) DOLlARS, \....ith
I interest at the rate of 6% per annum, and
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II wife, are indebted to EDMUND M. AADKE and DORIS N. RADKE, and
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\ his wife, obtain a loan immediately from the ST. LUCIE COUNTY
. BANK, a Florida banking corporation.
WHEREAS,
JAMES E. NcNA~RA and ELIZABETH W. NcNANA,RA, his
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1 and DORIS M. RADKE, his wife, for and in the consideration of One I
\1 Dollar ($1.00) and other valuable considerations, do hereby coven-II
\1 ant and agree \-lith the said Borrm.;ers, that the mortgage they
II hold, which was filed March 21, 1960, in Mortgage Book 164, at
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I page 46, of the Public Records of St. Lucie County, Florida, and
i\dated March 18, 1960, in the principal amount of $2,000.00, ~s
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II hereby subordinated and made inferior to any loan which the
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IBorrowers are able to procure from the ST. LUCIE COUNTY BANK, a
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I Florida banking corporation.
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NOH, THEREFORE, BE IT AGREED, that the said EDNUND H. RADKE
1\ The undersigned further agrees not to assign any claim the
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[[underSigned has against the Borrower while any indebtedness of the
I\Borrower to the Bank remains unpaid, unless such assignment ~s
Ilmade expressly subject to this agreement.
II Notice of acceptance of this agreement ~s hereby waived, and
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Ithis agreement shall be immediately binding upon the undersigned,
,
CHARLES E, BECHT
Q[JDOE~
ATTOlHHS AT LAW
IT, lUOI COUIITY lANK .lOG,
FORT PlllCI. HOllOA
Ii their heirs, executors,
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ii
1\ the undersigned.
1\ IN \.JITNESS HHEREOF, this instrument has been signed <lnd
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Ithis'~j "i day of April, A. D. 1963.
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Wi tnfsses: -
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/..':y L -'\<-<:
administrators, successors and assigns of
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se a led
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Edmund . ~e
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