HomeMy WebLinkAbout1861 • . _ . 2`70044
SUBO~tDif~A;f 10~ ~~EEMENT
KNO\V ALL r1En B1' THESE PRESFNTS, That Gulf-Atlantic
Production Crrdit Associ.it~on, hcrciu:?Fter c:ill~•d Ass~~ciation, in cunsidcratic~u uf Onc Doilar (S1.00) l~aid and
the further considcration of the granting to Strazzulla Bros. Co. , Ine. _
of a loan by the Federal Land Bank
of Columbia, hereinafter called Bank, suburclinates the fullowing crop lien(s) or rcal estate mortgage(s), here-
inafter collectively callcd Association Lien, recorded in tl~e Public Records of St. Lucie
County, Florida, to-wit:
RECORDF.D
FRO\! DATED OFFICIAI. RECORD BOnK PACE
SEE REVERSE
TO A CERTAI` ~IOI2TGAGE FRO~t_ Strazzulla Bros. Co. , Inc. _
to Bank, securing a 500 , 000 . 00 , dated Nov+ember a 4~ 9 7 3
and recorded in said county in Of&cial Record Book ~a ai page C~~,T~efqi~na~ter called Bank
Mortgage, as follows: ~ . •
(1) Bank ~tort~age shall be prior to Association Lien on the lands described in •Bettk ?1~ibrtgage.
(2) On crops comin~ into existence aft~r any default~in Bank ~tertgage, or note secured thereby, Bank
~tortgage shall be prior to :~ssociation Lien except as follo.rs: Asseei~tiorl Liet(4 sQ far as same se-
cures ad~•ances for production and marketin~ of crops, shall be ~rfd'continue supertor to Bank 1~4ort-
gage on the crops for the production and marketing of which said ad~•ances were made.
(3) Except as herein specifically pro.~icled the priority of association Lien shall remain unchanged.
And Aswciation hereby agrres that in the e~~ent it ~?ssig~u a»uriutiuu Li~u, thc a~signment will recite
the faet that Association Lirn has been subordinated tc~ Bank ~Ivrtga~c.
IN W~ESS WHEREOF, Association has caused these presents to be executed and its corporate seal
k to be hereto affixed by its proper officer thereunto first duly authorized, this 23rd day of
i
~ _~tobe~ . . , 19 ~ 3 . t
' i`'!',.11~,'.+ i~ ~
~ ':•~A".~•.`,~~~~i~~ GULF-ATLANTIC IO.' E IT~ASSOCIqZ'ION
~ ^ ~p~~E . ~
~ ~J~ •-'l~i. g
~ ! y Treasurer
'
~ • •~r,_
.
~ . ~a,~~ : ~ ~ ~
~ S• ~~E ~OF.: FL ~ ~ )
~ C~~~.• ~,p,:••. ~ ACKNOWLEDGMENT
.
Befo~~`e me,+the undersigned authorit~~, this day personally appeared R D. Wi~liS
~ who is to me ~vell kno~.•n and kno..•n to me to be the- SecretatY- Treasurer of the corporation de-
~ scribed in and n•hich e~ecutecl the E~~rc~uin~ instrumrnt and he ackno~~•ledged to and beEore me that he executed
~ said instruinent in the name of said corporation as its act and deed~ and impressed thereon the corporate seal
~ thereof, all by authoriry conferred by the b~•-laws of said corporation.
~
~
~ IN ~VITNESS WHEREOF I ha~•e hereunto set m~• hand and official seal at ~keland
.
_,~,::~+~;:;:t+r.
~ y October
in~th~? ~~t1ty,~nc~'~~tate aforesaid, this 23id da of , 19 73 .
~^j _ ~ J ~ ' , , 1
, Notary ublic. State ot Flonda at LarQe
` N9 ~~~t, _ -
~ ' 9, 19 7 6
- ~ ~ My Commission E~[pires: DeC .
p' `•a l~ ~
.
~ile~3.ia't.•^Cdffice of the Clerk of the Circuit Court of County, Florida,
~4: T: -
4, . , ,
on the~'"~""~~~~,' day,of , 19 , at oclock .'~i., and rernrded in
~y; .
~ Book No. , Page and record verified.
' Clerk oI the Said Court
Fbrid~ R~v. 10.1-07 Pors P~'~ rn
~ 80l ! -
AGE
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