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because of the existence of s~zid mortgage for ~40, 000. 00, unless anci until ~
' the lien of said mortgage shall be subordinated to the lien of s~iid m~rtgage !
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dated November 9, 1967, recorded in O. R. Book 169, page 380, public ;
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records of St. Lucie County, Florida, and to the lien of said mortgage dated `
September 20, 1971, recordeci in O. R, f3ook 195, page 2584 of the public ;
records of St. Lucie Count}~, Florida, and party of the second pa~t will not
disburse and pay proceeds of said mortgage dated September Z0, 1971, ~
recoreied in O. R. Book 195, page 2584 of the public records of St. Lucie
: County, Florida, except on the condition that said mortgage dated May 22,
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} 1962, recorded in R. F3ook 37, page 532, public records of St. Lucie
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County, Florida, shall bz subordinated to the lien of said mortgage dated
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~ November 9, 1967, recorded in O. R. Book 169, page 380, of the public
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~ records of St. Lucie County, Florida, and said mortgage dated September 20,
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1971, recorded in O. R. Book 195, page 258~ of the public records of St. ~
Lucie CountY, Florida.
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NOW, THEREFORE, party of the first part, for and in
- consideration of the sum of ~1. 00 and other valuable considerations paid by
= p~rty of the second part, the receipt whereof is hereby ackno~vledged, and
~ in order to induce said party of the second part to close the loan under said
= mortgage dated September 20, 1971, recorded in O. R. Boak 195, page 2584 ~
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~f the public records of St. Lucie Countv, Florida, has and hereby do~s in ~
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all respects subordinate the lien of the said mortgage for 540, 000. 00 dated
Ma~~ 22, 1962, recorded in O. R. l3ook 37, page ~32, public records of St.
- Lucie County, Florida, to the lien of said mortgage for ~30, 000. 00 dated
November 9, 19fi7, recorded in O. R. E3ook 169, page 380 of the public
records of St. l.ucie C;ounty, Florida, arxj the li~n ~f said mortgage for ~
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= S-~6, 000. 00 ~ate~ September 20, 19 i 1, recot-~ied in O. R. Eicx>k 19:i, page
2~8-~ of the public records of St. I.ucie Countv, I~loric~a, arxj does hereby
= zbree a~t~l consent that said mortgage for y40, 00~. 00 dated May 22, 1962,
= recor~ied in O. R. Book 37, page 532, public records of St. I.ucie County, ~
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f=lorida, is and shall be and remzin inferior and su~rdinate to said ~
mortgage date~i November 9, 1967, recorded in O. R. f3ook 169, page 380,
of the public recorc~s of St. Lucie County, Florida, and said mortgage dated
- Sm~th, Neath, Smith & O'Haire, Attorneys At law, P. O. Box 518 Vero Beach Flori a 32960
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