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44
SUBORDINATION AGREEMENT
KNOW ALL MEN BY THESE PRESENTS that UNITED PARTNERS, III,.
~
INC., the m~rtgagees of that certain m~rtgage and the indebted=
ness secured thereby, executed by CONCRETE MODULAR SYSTEMS, INC.
under date of August 17, 1973, recorded in Official Record Book
218, page 1130, of the Public Records-of St. Lucie County, '
Florida, which mortgage has been~assigne~ to thP SUN BANK OF ST.
I~JCIE COUNTY, Fort Pierce, Florida, as collateral, and which
_
~ mortgage encumbPrs real propPrty situatP in St. Lucie County,
Florida, as f ollows: -
Area No. 3; Commencing at thP intPrsPCtion ~f thP North right-of
way of Ixoria Avenue and the W.est right-~f-way ~f U. S.
Highway No. l, said p~int of intersection lying 7 fPPt 4~est
of the Southeast corner of Lot~ 44, of MARAVILLA GARDENS,
UNIT ONE, accflrding to the Plat thereof as recorded in Plat
Book 6, at page 55 of the Public Recards of St. Lucie .
County, Florida, run West along thP South linP of said
Lot 44 a distance af 627.34 f~et to the Point of Beginning.
From the point-of-beginning, continue West 123.0 feet to a
point~ the~ce run North 129.5 feet to a p~int on the Narth
line of said L~t 44; thence run East along said North Lot
line 123.0 feet ta a point; thence run South 129.5 feet to
the point-of-beginning. SUBJECT tc~ an access easement for
Ingress and Egress p~rposes over the East and West 12 feet.
~ This tract cflntains 0.366 Acres.
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' Area No. 4:~ Commencing at the intersection of thP North right-of
~ way Df Ixoria Avenue and thp West right-of-way flf U. S.
# Highway No. l, said point of intersection lying 7 feet West
~f the Sautheast corner of Lot 44, in MARAVILLA GARDENS,
UNIT ONE, according to the Plat thPreof as recorded in Plat
Book 6, at page 55 of thP Public Records of St. LuciP
County, Florida, run West along,the SQUth line of said
Lot 44 a distance of 750.34 feet to thp Point of Beginning.
From thP point-of -beginning continue West 125.5 feet to a
point; thPnce run North 129.5 fePt to a point ~n the North
line of said L~t 44; thenc~ run East along said North l~t
line 125.5 feet to a point;.thence run South 129.5 fPet to
the point-of-beginning. SUBJECT to an access Pasement f or _
Ingress and Egress purposps over the East and West L2-fPPt.
This tract cantains 0.373 Acres.
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Area No. 5: C~mmencing at the Southwest cornPr ~f Lot 44 of
ILLA GARDENS, UNIT ONE, according to thP Plat thpreof
as recorded in Plat B~ok 6, at pagp 55, of the Public
Records of St. Lucie County, Florida, said point being the
~ p~int of beginning. From the p~int of beginning run North
~ L° 14t 40 " East a distance of 129.53 feet along the West
~ line of said Lot 44 to a point on the North line of said
~ L~t 44; thence run East aLong said North lot line 140.39
feet to a point; thence run Sauth 129.5 feet to a point on
the South line of said Lot 44; thence run West along the
C.'iARLESE.BECHT South line ~f said Lot 44 a distance of 143.20 £eet to thP
- ~rTOaNerwruw point of beginning. SUBJECT to an access easement for
wK~K~ Ingress and Egress purposes over the East 12 feet. This "
~ ' ~„~~E~°~'"T"°""°"'~ tract c~ntains 0.422 AcrPS.
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