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SUBORDINATION
OUTDOOR RESORTS OF AMERICA, INC,, a Tennessee corporation, as a developer,
hereby does subordi~ate the reserved right of tF~e developer under Article XI of
the Declaration of Condominium, as amended, f;ied in the Public Records of St.
Lucie County, Florida, in OR Book 192, to the lien and encumberance created by
a mortgage instrument dated octo~r 2, 1972 between r,harles A. Flesci~e and
Crace Fl~sche r' a:~d First '!~tional Rank ~ Trust C~t^.i~a~~y
on t e fo ~wing escri ed rea estate: of Stuart
Lot ~ 1250 Secti on_ I~_____, i n that certai n condomi ni um
known as OUTDOOR RESORTS OF AMERICA, INC. AT NETTLES ISLAPIO,
as shown by plat recorded in the office of the Circuit Court
in and for St. Lucie County, Florida, in Plat Book 16, page
1:1A through iJ,
In Witness whereof, OUTDOOR RESORTS OF AMERICA, INC. has caused these presents
to be executed in its name and its corporate seal to be i~treunto fixed, by its pro-
per officers thereunto duly authorized.
Dated this 5~+~ day of September 19 72
OUtD00R RESORTS OF RICA, INC.
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resi en
ATTEST:
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S retary '~~~~M„
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Si gne sea i ed dei i vered i n the presence of : s= Y;
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~Q_ ~/Y/~-C',~'1~~ . . _
- (CORPORATE SfAL)
STATE OF TENNESSEE
COUNTY OF DAVIDSON ~
I hereby certify that on this day, before me, an officer duly authorized in
the State and County aforesaid to take acknowledgements, personally appeared
E. "andal] i:ender~oYt, Jr. and B~n :'inar~~i III well known to me to be the
President and Secretary, respectively, of Outdoor Resorts of America, Inc., and
that they severally acknowledged executing the same in the presence of two sub-
scribing witnesses freely and voluntarily under authority duiy vested in them by
said corporation and that the seal affixed thereto is the true corporate seal of
said corporation.
4litness my hand and official seal in the County and State last aforesaid
thi s 5th day of S~+~t r,; lg~_,
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Notary Public •
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CIERK ~~RCWt COURT ~ `
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