HomeMy WebLinkAbout1602 F~~EO ~NO RECORO~o~ ~ ~
ST. LUCtE COUNTY. FLA. ~ -
r~Er~Rn vFR~FlEo
'6~ OCT y P~I !2: 4'1
160586 ~
~in~~ K i'4l7RAS •
Ci.ERK CIRCUIT COURT SUBORDINATION AGREEMENT
KNOW ALL riEN BY THESE PRESENTS, 1t~at FI~~ C~~
Ptoduction Credit Association, hcrei»~fter called Association, ia rnnsideration oE One Dollar (g1.00) paid and
the further consideration of the granting te Bob Georae and Helen L. Geerae~ his wife.
~ oE a loan by the Feder~l •I.aud Bank
of Columbia, hereinafter called Banlc, subordinates tl~e following crop lie~s) or real estate mortgage(s~ here-
inafter collectively called Association Lien, recorded in the Public Records of ~~T LUCIE
County, Florida, to-wit:
Official Records ~
FROM DATED ~R BIC. PAGS C. 1?!. Bt. PAGE
Bob Georqe and • ~
Helen L. Gec~qe, -
his wife. . . . . . . . . . September ~ 2, 1966 154 378
TO A CERTAIN ?~iORTGAGE FRO~t Bob Georae and Helen L. Georae. his wife~
to Bank, securing : 30. 000.00 ~t~
Official Records
and recorded in said county in~g~cBook ~ at page hezeinafter called Bank Mort-
8age, as foltows: - ~
(1) Bank ~liortgage shall be prior to Ass~ation Lien on the lands descxibed ia Bank Mortgage.
(2) ~ On crop~ coming into euistence after any default in Bank Mortgage, or note secured thereby, Bank
~tortgage shall be prior to Association Lien except as follows: AssociaHon Lien, so far as same se-
, cures advances for production and marketing of crops, shall be and continue superior to Bank Mort-
- gage on the crops for the production and marketing of aihich said advanoes were made.
(3) Except as herein specifically provided the priority of Association LIen ahall rea~ain tu?changed.
, And Association hereby agrees tl~at ui the event it assigus Asscx:iatiuu Lien, thc assigiunent will recite
the fact that Association Lirn has been subordinated to Banlc ~[ortgage.
IIV WITNESS WHEREOF, Assoaation has caused these p~esents to be ~ecuted and its ocnporate seal
to be hereto affixed by its proper of6cer thereunto first duty authorized, d~is 2nd ~y-e~
_ Octob~r ~ lg 67 _
~ FLORI~A CITRUB PRODU C IT TION
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;/y?~~ret~~~~e nndersigned authoriry, this day personally appeazed D~vid A. Graddv
who 'u td'Me'well known and kno~vn to me to be the~ ~sistatlt - Treasurer of the oorporation de-
scribed in and which executed the foregoing instrument and he acknowledged to and before me that he executed
said instrument in the name of said corporation as its act and deed and unpressed ~ thereon the oorporate seal '
th~r.e~;~ id~- ~}ithority conferred by the by-laws of said corporaHon.
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: s: ,,,II~T'V~.~ .;~?VHEAEOF I have hereunto set my hand and official seal at ~'~do
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hs.~~oe~Y`:~:sbi~e+a#o~l~esaid, thi.s 2r+d day of October 19 6~ -
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J,~:~' ic~? c.ommtsqon ~pns: May 31' 1969_
;t
~~~'?ti:~•rif~ce of the Clerk of the Circuit Court of County, Florida,
on the day o# 1~ , at o'clodc M., and reo~ded in
Book Na Page and reoord verified.
a~~168 ~1599 ~ ~ ~ ~
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