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SUBORDINATION OF MORTGAGS .
' CARL 8. I,~NENNARD and ELIZABETB W. LENNARD, his wife
~the awners and holders of that certain mortgage executed
by Miseion Groves, Inc., a corporation exiatinq under the
. laws of Florida, dated May 21, 1963, filed May 23, 1963, and
recorded in O. R. Book 63, Page 250, St. Lucie County, Florida
public records, upo~? the followinq described land in said
~ , _
County, to-wits
West ~ of Section 6, Township 3S South, Range 39 East,
less and excepting all rights of way for publfc roads
~ and drainage canals, and containing 311.0 acres, more
~ or less, according to certif~ed eurvey by Alton Re-
gister & Associates dated Ap=i1 26, 1963; and subject ,
to that certain lease for oil and mineral righta now
outstanding against the above described property.
do hereby subordinate'said mortqage so that the same shall be
subject to and inferior to that certain mortgage from INDIAN
_ RIVER GROVES, INC., a Florida Corporation, to FIRST FEDERAL
SAVIlJGS AND LOAN ASSOCIATION OF MARTIN COUNTY, in the amount
of FIFTEEN THOIISAND DOLLARS ~$15,000.00), dated this~ ay
~ ~7.2..,{~f y t ~i ba
of. ~av~e~S; recorded in Official Records Book 111 ,
Page 534 , public records of St. Lucie County, Florida, en- .c
cumbering property deacribed as followe, to-wit:
Beginning at a point on the East line of the West hal€
of Section 6, Township 35 South, Range 39 Eaet, and
219.15 feet South of the NE corner of the W~ of said ~
Section, said point of beginning beinq on the.South
line of the~St. Lucie County Road Depart~nent right of
. way for Angle Road; thence run Southerly along the said
_ East line of the W~ of said Section line a distance of
540 feet; thence run Weaterly on a line parallel with
` said road right of way a distance of 242 feet; thenee
run Northerly on a line parallel with said Section line
a distance of 540 feet to a point on said road right
~ of way; thence run EasterZy on said road right of way
a distance of 242 feet to the point~of beginninq. Con-
taining 3 acres, more or less.
The effect of~this subordinatfon ia that the above ;
~
described mortgage to FiRST FEDERAL SAVINGS AND I.O~i ASSOC-
IATION OF MARTIN COITNTY shall be a first mortqaqe
on the property encumbered by said FIRST FEDSRAL
; . B9al( rac~ ~•3.7
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