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SUBORDINATION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS THAT:
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WHEREAS, FLORIDA MAID CITRUS CORPORATION, A Florida ;
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corporation, has heretofore executed a mortgage in favor of
STRAZZULLA BROTHERS COI~IPANY, a co-partnership, dated Juna 20,
1962, and recorded in Official Records Book 39, Page 291, !
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Public Records of St. Lucie County, Florida, which mortgage ~
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encumbers ~he following-described property located in St. Lucie ;
County, Florida, to wit:
Sections 6(Less N. 500'), 7, 18, 19 and 30 (Less
right-of-way for turnpike and canal and less approxi-
mately 166 acres lying south of said turnp~ke),
Township 34 South, Range 38 East,
and,
WHEREAS, BAY-MILL, INC. a Florida Corporation, has applied
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to GUL:'-ATLANTIC PRODUCTION CREDIT ASSOCIATION, a Florida corp- '
oration, for a production loan on a portion of the above-described
4 property, to wit: ~
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Beginning at the Southeast corner of Section 30, ~
; Township 34 South, Range 38 E~st, thence N 0 deg. 54' `
~ 10" E 181.20 feet to the Point of Beginning, thence =
~ N 0 deg. 54' 10" E 2549.58 feet to a point, thence '
~ N 87 d~g. 49' 13" W 2,210 feet to a point, thence S o deg. ~
54' 10" W to a point in the North rightof-way line of i
the Sunshine State Parkway to the point of beginning,
° containing 104 acres, LESS the following described
5 acre parcel:
Beginning at the Southeast corner of Section 30,
Township 34 South, Range 38 East, thence North
0 deg. 54' 10" East 1, 319.84 to a point, thence
North 87 deg 49' 13" West 310 feet to the point
of beginning, thence North 8? deg. 49' 13" West
~ 270 feet to a point, thence North 0 deg 54' 10" :
East 806.67 feet to a point, thence South 0 deg.
~ 54- 10" West 806.67 feet to the Point of Beginning. 1
~ in the original principal amount of $15,Q00.00, ~,rhich last
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~ mentioned mortgage is dated , 1971, ~
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~ and recorded under G~~ric~-~a. o~ said Public Records, and
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~ WHEREAS, said Gulf-Atlantic Production Credit Association
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requires that the lien of its mortgage be second only to the '
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