HomeMy WebLinkAbout1549 _ -
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; SVBORDINATI~1 AGRBBMBI~T ;
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. ~ ~ THIS ~liGRBBM BNf. mede Lbis 3rd dey o! 1~e~rY . i
. 1964 . betraeenGeorge I. Yoho and Annette B. ~ Yohu, hie wife, - ,
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' part iesoi the firet patt, and FIRST FBDBRAL SAVINGS AND LOAN i
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~ ASSOCIA'~ION C~F iNDIAN RIVBR CWNTY. a oorporatioa uader tba laaa ~
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' oi the Uoited Staoes. Psrh? of the eecoad part. iN1TNBSSBTH: t
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: WHSRBAS, C. Colline and Marilla G. Collins, hie wife, ?
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~ ~ e~oecuoed a mo ~o the t ies oi the first part, an p~opertY ~eci'ibed
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~ . -in ~~~2 rnortge~e. which mor~gage wae dated ~ lulv
Ii,~9, 1962 ~ - ~
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8~a ~ooraea o~m~ ls, i9~ . io Otficial Re~ord .
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Book 2 . PeS~a 530 . St. Lucie Counri, Florida, public reoorde, -
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arhich said mortga~e secures paymeac of tbe euia o~t ~10, 000. 00 -
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~ VNHBRBAS. eaidE
C. Collinss jr. and M.,arilla G. Collins, 1~ie wife, -
~ execu~ed a mo~rtgege to eaid party of tl~ ~d part on property c~ov~ered -
by the mortgage abov~e meoti~oned. which mortgage wae daoed November '
' 29 1963 . reoordecl lanuary 27, 1964 , i~ ~cia~
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: . Reoord PeS~e St. Lucie Count~r:
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public records. aad give~ ~ secure paymeat of tbe eum oi 22 000..00~ .
~ WHBRSAS. party o! the eecond part has declined m ctoee - N
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s~Ld loen for_ ~22, 000. 00 undes esid aartg~e dat,ed No~ember
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29 1963 . because of d~e e~ci+s~enoe of eaid martgage for z
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_~~10, 00. 00 u~tees and uatil tt~ liea of ea~d mortgage ehall be !
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subordineted to tt~e~lien of sai~id mo~ctgage da~ed
N~mbe~r 29. 1963 .
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and party oi the secand part aill not dfeburse aad pay prooeede o! said
~ mortgage daced November 29, 1963 . exoeP~ oa the condition
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that seid pri~oi mortgage be eubordin~roed. . . .
~ NOW, THBRBFORB. pert
i~8o~ the gret part. for aod ia
i~ coosideratiou of tbe eum o~t ~1.00 and otber valuable coneiderations
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- ~ P~ ~'Y Pai'LY at the eecood part. die receipt abereoi' ie hereby .
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~ ackcsoa?ledged~ a~d ie order ~o i~duoe said party of tt'e eecond pert ~o .
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N cloee the loaa und~er said mortgage d~ed~
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29. 1963
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