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insofar as said premises are affected by the following described
encumbrance now held by the undersigned: ~
Nature of j From or ; iRecorded
Encumbrance Date ! A ainst ~ In Favor of IBk. P.
i
Mortgage 9=26=60 Paul F. Graham jFirst Federal Sav- 168 438
Vida P. Graham in s& Loan Asso-
~ g , ~
~ }his wife ~ciation of Indian
± ~River County ~ ~
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PROVIDED, ALWAYS, NEVERTHELESS, and it is expressly understood
and agreed that this instrument subordinates said encumbrance insofar
as same affects ~he rights and privileges of St. Lucie County in its
use of the land specifically above described, for roa3'a;~dlar ~rain=
age purposes only, and that nothing herein contained shall in any ~
way affect, alter, impair, minimize or dimish the effect of said en-
cumbrance or the remedies at law or in equity for recovering there- ~
out, or against the parties charged thereby, the fu11 amount of all
sums secured by and/or due under the same. It is further understood
and agreed that in the event said above described premises are offi-
cially abandoned by the County and cease to be used for road and/or ~
drainage construction and maintenance purposes that in such event ~
the subordination of said encumbrance shall terminate in and to such
portion abandoned and no longer used as aforesaid, and the encumbrance ~
become of the same status with reference to such abandoned portion as
if the subordination had never been made.
~ IN WITNESS WHEREOF the said holder of said encumbrance has duly
executed this instru~nent this 29th day of December , A.D. 19~L.
Signed, sealed and delivered FIRST FEDERA,L SAVINGS AND QAN ~
in the present of: ASSOCIATION OF IND COUNTY
, ;
~ By :
~ Tts E . ce Pr i nt
~~~~vr~~~~ l/. ~~c.~v -
- ATTEST : Cl.Cc,~sac. -
~ ~.={Corporate Seal) Its Assistant Secr ary i
~ - , ~
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`,~ATE OF PtibRIDA ~
COtTN'TY_ "(3E` INDIAN RIVER
' t
~ I~REBY CERTIFY that on this day, before me, an officer duly =
authorized in the State and County aforesaid to take acknowledgments, ~
personally appeared _ Ben E. Thom~on~ Jr_ and William T. Ashlev ~
we~ :cnown to me to be the p.X v; _ President and ~
Assistant Secretary , respectively of the corporation named in the fore- -
going instrument, and they severally acknowledged executing the same
in the presence of two subscribing witnesses freely and voluntarily
under authority duly vested in them by said corporation and that the j
seal affixed thereto is the true corporate seal of said corporation.
WITNESS my hand and official seal in the County and State last
aforesaid this 29th day of December , A.D. 1967
c---
Notary Pub in and for the County and
~
. State aforesaid. ~at~,~ ~~TE N FIORlOAat IARGt
~ Mr COMMISSION EIIPfREt fEB. ?5, 1~69
~ ~ • My Commission Expires : TNRpV~N ~
_ ~ , F~IED AND RECORDEO'
~ - . ST. LUCIE COUNTY, FLA.
. Rr.COP.~J V~R(=1~p ;
. ~ . , -i632~5
. . 66 JAN 5~N I I' y 3 i
; . . o~K169 P,~z?58 `
~°~:rK..s _ _
_ _ _ CLERK CIRCUIT CnrlRr. " - • -