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Agreement, dated Aprtl 16, 1965, and recorded in Official Becord
Book Z16, page 89, St. Lucie County, Florida, public recorcis~ and
~$AS, 3HRFF'ISLD T. A~OOD aL; ANN$ ABOOD, his wife,
have applied for and executed a Second Mortgage on the said ninety-
nine year lease to said party of the second part, on the above
described property, which mortgage was dated the 16th day of February,
1968, and recorded in Official Record Book 170 page2018 , St. Lucie
County, Florida, public records and given to secure payment of
~35,000.00~ and,
W~BSAS, ~the party of the sec~nd part has declined to
close said loan for $35,000.00 because the party of the first part ±
is the owner of the fee simple title on the property covered by
the said Second mortgage for $35,000.00, unless and until the party
of the first par t shall subordinate the fee simple title and his
interest in the above ninety-nine year lease to the lien of said
Second mortgage, dated February 16, 1968, and the party of the
second part will not disburse and pay proceeds of said Second
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~ mortgage, dated February 16, 1968, except on the condition that
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~ the party of the first part's fee simple title and his interest in
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the ninety-nine year lease be subordinated to the lien of said Secona
mortgage to the party of the second part insofar as the same secured
payment of the original promissory note thereto affiaed.
NOW THSREFOR$, the party of the first part, for and in
consideration of the swoa of $1.00 and.other valuable considerations
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~ to him in hand paid by the party of the second part, the receipt
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of which is hereby acknowledged, and in order to induce said party
of the second part to close the loan under said note, dated ~
Februarq 16, 1968, has and hereby does, all respects, subordinate,
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