HomeMy WebLinkAbout0208 _w _ _ ~ . _ _ _ - - ~ ~ ~
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' ~ ~ SUBORDINA't'I0~1 A~RBBMBNT ~
Ti~1S A~RBBM BNT. ma~de thie 15th day oi~,j.une .
1964 . betweeo William R. Burnett and Edith W. Burnett, hie_wife, ~
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~ p~uct iee oi the firet part. and FIRST FBDBRAL SAVYIaGS AIJD LOAN ~
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- ASSOCIATI4N C~F INDIAN RIVBR CWNI'Y, a corporation ur~der tbe lawe
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~ oi the IJ~ited Staoes. party oi the eecoad part, WITNBSSBTH:
~ WHSRBAS~ William H. Sayles and Celi,a M. Sayle~ his wife,
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e~oocu~ed a mortgage to the parti_s oi tba firet p~art, on P~oPert~? described
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~ . ia eeid martgage. which ~nortgage ~rae dated rApr~ 964 ~
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j ead reoor~ed~~A~,ril 27s_1964 . ia Official Reoord
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4 Book~~ page
3~14__. St. _ Lucie~ Florida, public records, ~ `j.
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~ . which ssid morcgage securee paymeat of tbe eum at ~5, 000.00 • -
~ WHSRBAS. eaidWilliam H. Sayles and Celia M. Sayles hie wife,
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~ execu~eal a martgage to eaid party oi the eeco~d pert on property ~cov~ered
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; ~y tbe mortgage ebov~e mentioned, which mo~ttg~tge was daoed~i~ 15_~,_,
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~ 1964 , recorded _ une 9, 1964 . in O~icial
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; Reoord Bcok, 91 page 78 St. Lucie Counri~_: ida~
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' Public Yecords, and giv~ea o~ eecure payment of tt~e sum o! 17, 000.00 _
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WHBRBAS~ party of the Beco~d part has declined ~o close
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~ eaid loan for ~17s000.00 , uader eaid mortgage daLed Mav IS _
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~ 1964 . because oi d~e existence of eaid a?ortgage tor
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; . _~,5, 000, 00 ualeee~ snd u~il the liea af eaid mortgage sha11 be _
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~ ~ eubordiaat,ed to the lieo oi eaid inortga~e daoeid Mav 15, 1964 i~
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~ ~aud p~rty oi the eec~nd part vviil aot dieb~aree end pay pacoceede o! said
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s ~ mortga~e datied ~Ma~r 15, 1964 : exoept oo the c'ondition .
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` ~ tll~ 88~ pl~Ol' ~OltgB~ ~IC 6tlb0~i~t18~Cd.
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NO~W, THBRBF~RB, p~'ttee a[ tbe ~et p~t, lror aod in
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3 f cooeideratiou ot tbe ewn oi ~1. 00 and od~er valuabde coneideretions .
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f : paid b~? part~? ar a~e ~a part, die ~reoeipt ~rhereoi is ~erebyr
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~ .c~o~?i«~ea, a~a i~ oraer ~o i~at~ e~a ~r or ~e ~oooa ~urc ~o .
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~ ; cloee tbe loan uc~der eeid mor~gage deood Mav 15, 1964 .
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~ } ~ ~ ' OFFICiAL RE(.`ORD