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' ' FI~EO AND RECOROEO
1~N~O 81'. LUCIE COUNTY. FLA, "
- RECORD VERIFIEO
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. '6~` JUN, 19 AM 10: OS -
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hOGER r OITf2~S
SUBORDINATION AGREEMENT CLERK CIRCUIT COURT
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KNOW ALL I?iEN BY THESE PRESENTS, lhat aT~$
Production Credit Association, hereinafter called Association, in consideration of One Dollar (i1.00) paid and
the further co deration of the grantin B• B• ~~•a Jr. (eo'stiees k~otm as Barnstts E. _
ftrseue~ Jr.~ and ~iFe, Hariot (irsene at Indian Rirsr County= and Jaak I. (~uu as?d
xite~ lsil.dred D• Qresna, O! 3e~inol~ tbunts, FLorida ~f a loan by the Federal Land BAnk
of Columbia, hereinafter called Bank, subordinatea the follovving cxop lien(s) or resl eshte mort8s?Se(:), hero-
inafter oollecHvely caUed Associadon Lien, reoorded in the Public Records of Iuai~
County, Florida, to-wit:
0. AEOORUED
Fit~ DAYED ~ BL PACS C. M. BL PACE
Jack I. (~r~en~ & l~.ldrsd .
D. aresne~ his xifsj aad
Barnatte (~r~e~s~ Jr.
& Hariot x• t~reena~ hia
~r1.fe .....................aanua~r 28, 19Ei5 110 23 -
TO A CERTAIN MORTGAGE FROM B• g• a~~a Jr• ~so~stiaes l~Otm as B~rn° te g' (~u~~~
dr.) and xife~ Hariot H. t#rssns o! Indian River Connty; snd Jack I. arseas and ~its~lfi.ldz~d
p. (freaia~ o! Se~i.nole ~ ga~, ~uring ~ 62.000~00 , dated ~23- 1967
~O1°~~ ~0~~ O icial~R
~cord
and reoorded in said county in ~z~~-, at page ~ Sa hareinafter c~lled Bank Mort-
gage, as follows: -
(1) Bank Mortgage sha]1 be pdor to Associattoav Lien ~`n the lands descn'bed in Bank Mort~age.
(S) On cropa coming into existence after any defaul! in Bank Mortgage, or note secured thereby, Bank
Mortgage sl~all be prior to Association Lien except as follows: Association Lien, so far as same se-
cures advances for production and marketing of cxops, shal~ be and ~onttnue superior M Bank biort-
~age on the crops for the production and marketing of which aaid advanoes were made.
(3) E:oegt as herein specifically pmvided the priority of Association Lien sball remain wnchanged. .
And Association hereby agrees that ia the event it assigiu Ass~x:iatiou Lien, the assigiunent will recite
che faa that Association Lirn has been subordinated to Ba~ilc ~iortg~age.
~rJWJ,3'NESS WHEREOF, Association has caused these presents to be e~cecuted aad its corporate seal _
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'2~ " by its proper officer thereunto first duly autho~ized, tbis day ~
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• ` ~ . . : i,, ~ . : ~ FIiORIUA CIT~J3 PRODUCPION CREDIT ASSOCIATION
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S'TATE OF FLORIDA )
COUNTY OF ~a~Qe ) ACxNOWLEDGMENT I
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Sefore me, the undersigned authority, this day personally appeared 11. T. Cam~bell, Jr. ~
who is to me well Irnowa and known to me to be thP Treasurer of the oorporation de- ~
srrihed in and which ezecuted the foregoing instrument and he acknowledged to and before me that he executed ~
said instrum8nt in the~a ne of said corporation as its act and deed and impressed thereon the corporate seal ~
thereof, all by authority ~nferred by. the by-laws of said oorporation.
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WHEREOF I have hereunto set my hand and o~fidal seal at
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`m:`tbs-'cau~•~~~t~?t',~ ~foresaid, this ~ day of
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X~ ; ti•~' :r H~ - xotatf a[ slortaa at t.arse ;
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~~~'~c•, r~'~~`i~~he office of the Clerk of the Circuit Caut of County, Florida,
on the day of 1~~ at o
dodc ~ M., and reoorded in
~k No. Page and reoord verified.
F~. ~ 8~K 166 ~2174 ~ ~ ~ ~ ~ ~A
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