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insof~r ~s said premises are affected by the following described
encumbrance now held by the undersigned:
Nature of ~ From or ' - ,Recorded k
Encumbrance ~ Date ~ Aqainst In Favor of ~Bk. Pq.
Mortgage ~ May S, 1969 ~ Joseph Peoni & Maravilla Develop- ; pR ~ 707
' ~ Blanche Peoni, hfs ment Corp. i 177 +
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~ ~ wife ! ' ;
Assignment of ~ July 9, 1970 , Maravilla Develop- t joseph G. DeFina OR 2b36
Mortgage j , ~ ~ , `
ment Corp. ~ l85 !
PROVTDED, ALWAYS, NEVERTHELESS, and it is expressly understood
and agreed that this instrument subordinates said encumbrance insofar ~
as same affects the rights and privileges of St. Lucie County in its
use of the land specifically above described, for road and/or drain-
age purposes only, and that nothing here~n 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 full 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 abancioned 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 reterence to such abandoned portion as
if the subordination had never been made.
IN WITNESS WFiEREOF the said holder of said encumbrance has duly
executed this instrument this ~day of C_^.Z,Q~.~ , A. D.
19~.
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Signed, sealed and delivered _ ~
in the presence of : f'~ (L. S. )
~ J eph G . DeFina
L_~~.- tL. s. )
f}~t~Z FtLEO ~k'J Rf00R0Ep (L. S. )
IIOCE~ PO?TRAS 1, ,
CLERK Cl~CUIT COUIIT (L. S. )
STATE OF ~~•c'-~ J ~ iO O,Z 1~
a~
GQUNTY OF r21~? ~_l? A ~ .
Yti ;
BEFORE ME, t e ndersigned authority, this day personally ap-
peared ~ ,1.n.~ and i
to me well known and known
to me to be the individuals described in and who executed the fore-
going instrument, and ~ severally acknowledged before me that ~u~•
executed the same for the purposes therein expressed.
-WIT.~ESS my hand and official seal this day of ~l,~G-~-~
A.D., 19~_
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~f'',~t ~ ~ ~1~.~-~ . ~1
I~otary ublic in and for the County and State
aforesaid.
}~t?f'
My Commissior~~~c~~$~~A-,
S~ _
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NIAiE~~ F ~lG :~Oll A( iAMGE ~
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