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SUBORDINATION AGREEMENT 245803
IINO~W ALL MEN BY TI~SE PRESENTS that whereas the under-
siqned, ERROL S. WILLES, as Trustee is the owner of the fee
title of Lot 4, Industrial Subdivision, in Section 28. To•,~m-
ship 35 South, Range 40 East, according to plat book 9, at
page 5, of the public records of St. Lucie County, Florida, '
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and that an unrecorded lease was executed from the said owner
to TYLANDER LUMBER COMPANY, INC. dated March 27, 1970, granting
unto the said TYLANDER LUMBER COMPANY, INC. the right to purchase
the aforedescribed lot; and
WHEREAS, the said TYLANDER LUMBER COMPANY, INC. took
possession of and is in full control of the aforedescribed lot
and on the lst day of March 1975 the said owner will convey
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title of the aforedescribed lot to TYLANDER LUMBER COMPANY,
INC.
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NOW, TI~REFORE, in consideration of the sum of ONE
DOLLAR ($1.00) paid by TYLANDER LUMBER COMPANY, INC. to the
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~ undersigned, the undersigned does hereby waive the priority ~
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~ of the above mentioned lease and agreement to pir chase over ~
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that certain mortgage dated December 12, 1972, and recorded ~
~ /and re-recorded in O.R. Book Page~
~ in Official Record Book 209, Page 418, Public Records of St. ~
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~ Lucie County, Florida, wherein First Federal Savings and Loan
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~ Association of Vero Beach, Vero Beach, Florida, is the mortgagee
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~ intending hereby that the rights of the undersigned and its ~
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_ successors and assigns under the aforesaid mortgage shall be
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LAW OFFICES ;
~ WILLES, BITTAN & WILLES Q R ~~O I
~ P. o. BoX ~ 6oeK ~ac~ 1~
FORT PIERCE. FLORIDA s3480
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