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• . SU80RDINATION AGREEI~NT
' It is agreed between li. L. COATS and KATIE B. COATS, hus-
and and wife~ HEREINAFTER CALLED FIRST PARTY, AND ROBERT L. RABURN
• nd MERLE RABURN~ his wife~ and BUSTER L. RABURN and JANE RABURN~
, is wife ~ HEREINAFTER CALLED SECOND P:.~TY ~ THAT t
• The first party has a mortgage forS7,111.46, recorded in 0.
.,~Book 6 3, Page S 61 ~ of the of fiee of the Clerk of the Circuit .
~ Court~ of St. Lucie County, Florida~ on the following described puo
~ erty in said coointy t
i
j ~ Lot 3! of PALM VISTA PARK, according to the plat
i of-said Subdivision filed in Plat Book 7, page 29~
of the Public Records of St. Lucie County, Florida;
SU&TECT~ however „ to easement~for public roads,
~ ~ drainage canals, electric transmission and drain-
: age lines arid telephone and telegraph lines ~
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~ .
and that there are a mortgage and other liens on said property prio
to the lien of the above mortgage~ t~hich prior mortgage and a part
or all'~of the other liens it is desirable to pay~ and which pay-
! ments can only be made by the plaeing of a first mortgage on said
~ ~ property having priority over the lien of the mortgage heid ~y ti~e, ~
. • first party; ' -
. . .
~ha~ the refunding •of• such liens will improve on the value ~
~ of the lien of the first party's mortgage;
~ Now, therefore= in consideration of such advantage to the
` ~firat party and as an inducement for the making of sueh a loan by
the second party~ the first party agrees that the lien of his mort-
~ ~ gage above described shall be subsequent and~subordinate to the lie
; of the mortgage loan maide to the second party by CITIZENS FEDERAL
~ SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY~ E~ORIDA, in the_
! ~ amount o~ Sl3 ~500.00 ~ recorded in 0. R. B~bk 97, page 26, of the .
; Public Records of St. Lucie County, Florida~ and the-said mortgage
of CITZZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUN ,
' . is hereby deemed and designated to be superior to the mortgage of
the Fi~Y~st Pa'rty.
i .
' t WITNESS our hands and seal this ~~day of August , A. D.
' ~ ~ ~ 1964.
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' : ~ ~~gned, Sealed and Delivered in : ~
; . , .x~esence of : ~ •
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~ fu.ED AND RECO~tDEO : - L. s.
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' ' ` - ~ ROGER POITRAS, CI~RK _ ~ L.S
;~•~,';'~'u'o - SI. lUClE COU11Tr, F10RIOA ~ us er
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; I~.....,.~..,• STATE OF ,~~~JS/ e a urn _
~ ~.ORIDA~ v~
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' COU~1TY OF ST. LUCIE ~ ~
~ I HEREBY CERTIFY that on this day, before ~ae,
ae
an officer duly authorized in the State aforesaid and in the Caunt
' aforesaid to :take aeknowledgmeents, personalYy appeared before me t
r~~ above signed paz~ties , of ffrst and second par~ts, to me known to be
~ a~.~A~ the persons d~escribed in-and who executed the foregoing instrument
and they acknowledged; before , me that they exaeuted the eame., ~
M'~'~°°"'~*~±* t. WITNESS my: hand ~ and, offieial seal fn the Count and State
~ ~ ..~..~.~t~?~:%.. ,1~`~~e ~o~~s~~il~ this~ ~'~d~y ~f • ~Sust, D. ~ 1964~~ y . ~ .
; ~s; c~-:. Ex~~ n. ~ -
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