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HomeMy WebLinkAbout1995 _ ~ _ _ . ~ _ - - .r ~ ~ • T ~ ~ ~ ~ ~ . . . .1~4951 ; ~ . . . - . i , ~ + ' . ~ ~U80RDINATIQ~Q,~(~~~~ t - ~ VYHEREAS, on the 14th day of~ Ja~uary, A. D., 1963, HOME ~ ' MISSION OOMMITTEE THE PRESBYTFRY OF THE EVERGLADES, INC.. a non- ~ ~ ~ - • prof it Florida Corporation, executed a mortgage to THE BOARD OF i ~ CHURCH EXTENSION OF THE PRESBY?ERIAN CHURCH IN THE UNITED STATES, INC., a non-prof it corporation, here_nafter called Mortgagee, to . . ' E secure a note in the original piincipal amount of $20,000.00, . } . which mortgage was recorded on March 20. 1963, in Off icial Records Hook 59. page 225, of the Public Records of St. Lucie County, ~ Florida, encumbering the land described therefn; and ~ WHEREAS, INDIAN RNER PRESBYTERIAN CHURCH,~INC.,-a non- prof it F lorida Corporation, ~ here inaf ter ca lled~ Mortgagor ha s reque s.ted ~ . Mortgagee to subordinate the lien of said mortgage to a mortg~age ~ executed by Mortgagor to ORLANDO FEDERAL SAVINGS AND LOAN ASSOCIA- , TION, a.corporation existing under the laws of the United States ~ ~ . _ . ~ of America, to secure a promissory note in the original principal i amoUnt of $73, 800. 00, and ~ • . iNHEREAS, Mortgagee has agreed ~to subordinate its said mort- ~ gage as hereinafter set forth: ' IJOW THEREFORE, for and in con"sideration of the premises- and of the sum of Ten Dollars ($10.00) and other valuable consider- E ~ ations in hand paid by Mortgagor to Mortgagee; the receipt of which ~ ~ ` is hereby acknowledged, Mortgagee does hereby a gree and declare that said.mortgage described above, executed by HOME MISSION CC~lIMITTEE ~ ~ ~ THE PRESBYTERY OF THE E1/ERGLADES, INC. to Hiortgagee, insofar as E ` ~ said mortgage lien encumbers the.hereinaf ter described real property, e . and all of its rights.in and to the hereinafter described real ~ property, are hereby made expressly sub3ect, subordinate and in- . ~ . ~ ~ ~ ferior in all respects~to that mortgage described above, executed ~ ~ ~ r . s ~ ; e . ~ - - ~ ~ ~ . ~ - . . ~ ~ ~ . ~ : , - - . ~ - g~ ~.94 ~ R~: ~ ~ , _ ~ . .