HomeMy WebLinkAbout0299 . • • ` ~
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SUBORDINATIC`N AGRBSI[BrTT
THIS AGIi$~I~SNT made this ~ day of ~A/'~' ,
1968, between ALI~RBD HILL LISB~ JR., an unmarried adult~ party of
the first part, and FIRST F~DSRAL SAVINGS AND LOAN AS30CIATION OF
INDIAN RIVSR GOUNTY, a c~rporation under the laws of the Uaited
States, party of ttie second part, WITNE3SST8:
TBAT WASltTAS ~ the par ty of the f irs t par t is the owner
of the folloaing described property in fee simple:
All of Block 32 of PINSNOOD SUBDIVISION, as per
plat thereof on file in Plat Book 5~ page 24,
St. Lucie County records, excepting therefrom
the following: Beginning at the 3outhwest cor-
ner of said block, run Northeasterly along the ~
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Northwest side of Sunrise $oulevard a distance j
of 432.3 feet; thence run Northwesterly at right 4
angles to Sunrise Boulevard a distance of 185
feet; thence run Westerly parallel with Georgia
Avenue to the Sast side of South 3ixth 3treet; ,
thence run southerly along the East side of
South Sixth Street to the point of beginning;
said land lying and situated in St. Lucie County,
Florida.
~ WH$R$A3, said party of the first part has executed a
S 99 year lease to S~FFISLD T. A~OOD on the above described property
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; and which said lease was dated April 30~ 1958, and recorded in Deed
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~ Book 239, page 560, public records of 3t. Lucie Countq, Florida~ and
WH~t$AS, the said SHSFFI$LD T. A~OOD and ANNS 8. AHOOD,
his vrifei executed a mortga.ge on the said ninety-nine year lease to .
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said party of the second part on the above described property, which
mortgage was dated the 15th day of April, 1965, and recorded in
r; Oiticial xecord Book 116~ page 82, St. Lucie County, Florida, public
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~ records, and given to secure payment of =241~300.00, and~
11~ASA3, the !ee sisple title to the aforesaid lands was ~
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~ duly subordinated to the said =2~1,390.00 mortgage bq 3ubordination
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