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Taia A,greeanaat antsrad into t.:ii~ ~,r, daq of S~!~,.,
e_, 1!,
by and betwesa :alALL BUSR8S3 AD!lII~LSlBl1Tmli, m Ageacy of the United Stataa of ~
[~erican purauant to tae 8ma11 Buainass A~t (Yub1lc~Lav 536, a.5tj~ Congrese,
Second Se~si~oa), Hiarai, Florida (~ar~inalter r f~red to as ''SB~A~'), aad
~lilly J. billiams, Sr., 8 Alli~e' I~e ~illia.s c~b/a tiIId.IAMS DEPARTI~ENT
. r.......
STORE _ _ _ ~ _ _ _ Clersinaftar callal ''Borro+isr ) -
and ~Tf FEDERAL SAV 8~~LQ11N AS90CUTION ~ S? LUCIE OOl1NTY
_FORT PgR~.
F • ' , , ('aereinafter called "Lsnder").
W.~~~I$s$~~~t~
i~;lffiiBAS ' B!~ ' has aeretofors made a loan to Milly J. Williams, Sr., 8
Allie Mae 1Mil~fams c~/a 11II.I.IA~6 DEPAR?IEN? S?OI~'E
.
, in tha amount of Zlirentv FiYe
'*~~..~usa:
~ a.;M 00 d a ($~25._000.00_ ) -
as dvidaucad by ldota datsd Auaust 29. 1967 ~ic.h losn we
..~.~-~s
saaurad by, among ot:~e-r tain~
8~, on~ Hortgage e~oecuted by ~iltv J. 111illiamg;
s_r.~
$~~ie Mae ilKlliams c~/b[8 1f~I.i.IA16 DEPARTNEMY S?OE~dated .Auc~ust 2~, 1967
recardad in tna Office of t;ie Clark of Circuit Cours, St. Luc e
County, Florida, on auaust 29, 1967 ia Official B~scords `
Book 1~8 Page and ~
W~R~S, asid "Borro+rer~
willy J. Williams. Sr.. 8 Allie_~1ae ~lilliams_
, aov desirss to borro~ tae aum of
Fj, f ~en~~Th_~~,., ~ 00 dollarfi
from the afo~saaid "Landss~' aad Miai?es to aecuta said loan bq a mortgage pri-
mary to tae mortgage in favor of "SBA"; and
WE~itSAS, "SBA" is agreeable to tha aforesaid "Borro~er~' borrawing
tae svm of $_l~ 5~000. fram t~e aforesaid `~Lsadar~' and ie agreeable to
subaa~dinating its awrtgage to that certain mortgage dated Se tember 12 196?
e~oecuted by ~
~`T'rT~s11C ~i1RAAi_ ~VTNPS R i1LN
~~1}~~ ~T i~~.....~..~..r.~.~r~¦.r+~ ~ - .
_ACQM , IQN
CF
S?. LUCIE OO~1TY, FOE~f PIER~. FIARIQA -
~.~,~..`.,.~...._s . Sr,nte~eber 12. 1967
secur iadebt~das~s of 1
0.00 ^ ~secordsd ,
in tae Office of ths Clerk o# Ci:cuit Court, , St~cie.______ Conntys Florida
in Offiaial 8ecords Book ~68 , Paga G5=, only to the esteat.of the
~ orfginal ac~ount of said- loan of $ 15.000.00 to be Ioaned by ~'Lsades" to
~ .
''Borrowar:'.
N'O~i, g~gg~tB, ia conaideratioa o# tae premieee aad other ~ood and
valuable canaideratioa, t~e sufficiency aad receipt of ~iaici is bsreby aclaaoWl-
adged the parti~ss coatract, covenant aad ap,ree_as follaWS:
1. "SBA's" mortgage liea under its afore8aid Mrnrtga~e dated A_,,,gu us_t __29_ ,
1967 is nereby subordinated to that cartaia Mortga~e dated ~
$eQteml~er 12. 1967 , in fav.or of CI?
g , se referred to abovn, eecuring a E
loaa ia tua mnount of 15.999.QQ • !
~ 2.~'I.ender~' Sereby agreea to lead unto ~'ve "Borra~er•' tae sian o`
~ 15~0OO.OQ ~Qr tiie tes-.as and conditious aa provided in the aforesaid
Martgage aatered into by snd bet~reen ~'BorroM~er=' aad ~'Lender" dated Se.,~,ember 12,
1967 , aad record"ed aa aforesaid. ~
3. .~'Leader~' does nereby agree aad cavenant to mak~a no furtiaer ad-
- vaacas to tha aaid •`~orro~rar'' ~ic:~ advaaoes Would be secured 'oy tne afore-
said M~ortgage otasr t:ian tse ori;inal $ 15,000.00 lo~n to be made,
.r..._..~,~
- vitaout tae. prior `,itittea conseuti of ''SII~".
4. "Borrawer=' heraby agrees aad coneanLs to ~'SBA's~' ~ubord3aation oi
its aforesaid lien to that of tae '~Iander~~ under the terms and caaditions as
aforementionsd.
This'Ag~eement shall inurs to the bene+i.t of and be binding upon ti~e
?artisa nerato and their respectivs a~eira, auccaesora and assigae.
80ox 1~p PACE174~
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