HomeMy WebLinkAbout1826 . SUBORDINATIOM AGREEMENT
2'78299 FOR VALUE RECEIYED, Kentucl~y Mortgage Compar~y Incorporated, ("Lender")
hereby subordinates the lien of the following security instruments : •
t
a) Mortgage dated December 28, 1972, recorded in the Official
Records of St. Lucie County, Florida in Book 210, Page 291,
given by Warren A. and Mary Ann McFadden to Great American
Mortgage Investors , which Mortgage was~ assigned to Lender by
instrument dated 3I,~f/7 ' recorded 'fin~OR Book ~~Page
b) Financing Statement•from Warren A. and Mary Ann McFadden to
Great American Mortgage Investors, recorded in said Official
Records in Boak 210, Page 307, which Financing Statement was
assigned to Lender by instrument dated _ , recorded
in OR Book ~2
S,__~ Page ~0~:
c) Assignment of Leases, Rents, and Profits,from Warren A. and Mary
Ann McFadden dated December 28, 1972 to Great American Mortgage
Investors, recorded in said Official Records, in Book 210. Page 30 ,
which Assignment was assigned to Lender by instrument dated ~
recorded in said OR in Book 2Z5`, Page 1$0 ~
d) hlortgage•dated January 19, 1966, from Homer Noyt and Gertrude M. ~
Hoyt to First National Bank in Fort Lauderdale, Florida as Trustee
recorded in said Official R 973dto~GreatkNnerican9MortgagedInvestors
assigned on January 11,_1
~and recorded in said offic~al records in Book 210, Page 316, last
assigned to Lender by assignment dated . recorded in
said OR in Book Page
All of the foregoing being herein after referred to as the "Interim
Loan Security", which Interim Loan Security is hereby subordinated to the lien
of a construction loan mortgage dated ~_~Z,~,~> imposed by Community Federal
' Savings and Loan Association on a parcelof land described in the attached Exhihit "1~"
~ .
' together with an assignment of rents and security agreement and financing statement
("Construction Loan Security"), which Construction Loan Security is hereby declared
to be prior to the liens of the Interim Loan Security with respect to the property
described in Exhibit "A".
IN WITNESS WHEREOF, Kentuc{~y Mort age Company, Incorporated, has caused
f /"/~~1 C-7V, 1974.
these presents to be executed this day o . {
Y'~ . KEN7UCKY MORTGAGE COMPANY, INCORPORATED F
• ;u: r;;;,~~fi
. iGOP.f Pr';`':. : i
, ~ ti p~Q r
. ~ I~ , /1,.~~
~ ~ " . ~ _ . >w- BY: Vic resident
~ - - ~ . ,
~ .
~'K~ ~ ~ •.Y ,.~0#"~ ~
~ ~'~~=.A~i:E~.'~ti ~ -
, ~,1~! 0
3~~~:'.:~~:~
~-~'•rt(•~•s~t~ :i.,.~.ee-s
.
.r+'r-~"~~ •
/
~ ` - l.~% r~ /
80QK225 P~cEi823
- _ ~ n.
4;~ ~ ~ ~ , : ~
= I
~ :
<
. ~ x
~ _ ~ :
! _ ~ _ . _ , _