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SU[30RDINATIC?N AGttEEMENI'
W~-iEREAS, on the 1 st day of July, 1972, AQUA RABELLA,
INC. , a Floi-ida Corporation and AQUA RABELLA ASSOCIATES, a
Florida Partnership ~xecuted a Mortgage Deed to WINI~MILL V1LLf1C~t~5 -
OF AMERICA, INC. . a Florida Corporation, encumbering among other
propei-ties the following described property:
LANDS
Start at the southeast cornei- of Section 11, Town-
ship 37 South, Range 4l East and run North 00°13'
10" West along the east line of said Section 11 for ,
a distance of 595. 18 feet to a point; thence run -
South 89°56'22" West for a dist~nce of 1696.84 feet
to a point; thence run North 00 03'38" West for a
distance of 423.01 feet to a point on the south line
of Windmill Village By The Sea Unit One according s
to plat thereof, Plat Book 15, Pages 13 and 13A; ;
thence run North 89°56'22" East along said South ~
;
line of said Unit One for a distance of 1G95.66 feet f
to the ea~t line of said Section 11, thence continue
North 89 56'22" East for a distance of 104. 34 feet
to a point; thence run South QO°03'38" EAST fnl a -
.
distance of 423. Ol feet to a point; thence run South
89°56'22" West for a distance of 103. 16 feet to a '
point on the east line of said Section ll and same =
~ being the Point of Beginning.
~ Said lands lying and being in St. Lucie County, -
State of Florida,
which Mortgage was in the original amount of One Hundred and Fifty-
four Thousand Dollars (~154, Q00. 00) and filed for record in the Official
~
f
~ Record Book 20~ , Page 116 of the Public Records of St. Lucie County, '
F!orida, and
WHEREAS, WINDMILL VILLAGES OF AL~ERICA is willing
to subordinate and make inferior its mortgage and the lien created there-
by to a mortgage given to FINST BANK AND TKUST COMPANY of
~ F3C?CA ItATnN. N. A. , in the original am~unt of Two Hundred Seventy-one
~ Thous~nd Five Hundrec~ Uollars (~271, 500. 00) bearing date of Qc[ober
~
~ 1972 and r~,corded in th~ Public Records of St. Lucie County. Florida.
~
G-~'•
~ This instrument prepared by: Return to:
~
~ John H. Payne, Esq. Gary Hickory
~
3038 N. Federal Highway First Bank and Trust Company of
~ Fort Lauderdale, Florida Boca Raton, N.A.
Post Office Box B
~ Boca Raton, Florida
s-~ 7 ~14~rl~7.I.C~T
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