HomeMy WebLinkAbout0253 McFadden, his wife, to Great American Mortgage Investors,
filed for record on January 18, 1973, and recorded in Official '
Record Book 210, page 309, public records of St. Lucie County,
Florida; said assignment of leases, etc. being assiqned on
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~ A rG ~ Z~~_ 1974, to Kentucky Mortgage Company, 4~
Incorporated; said assignment being recorded on ~pr~~ Zi r
1974, in Official Record Book ZZ page JBO.~, public ~
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Records of St. Lucie County, Florida. ;
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5. That certain mortgage dated March 2, 1974, from ~
Warren A. McFadden and Mary Ann McFadden, his wife, to Kentucky
Mortgage Company, Incorporated, filed for record on r•~~
1974, and recorded in Official Record Book ~2s, page /e~7 , r
public records of St. Lucie County, Florida, said mortgage ~
securing a certain promissor~ note of even date therewith in the ~
principal sum of~'Q. ~ ~Di~~O. (10 ~
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WFIEREAS, on condition that said mortgages, financing
statement and Assignment of Leases, etc. be subordinated in the
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i manner hereinafter set out,-Third Party has made a mortgage loan
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f on the above described property in the principal sum of
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~ $4,173,600.00, payment of which is secured by a mortgage from
~ ~ First Party to Third Party, dated March 27, 1974, and recorded
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r~ ~ z , 1974, in Official Record Book ZZ.~ ,
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~ page ~ g/b, public records of St. Lucie County, Florida.
NOW, THEREFORE, in consideration of TEN DOLLARS ($10.00)
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~ and other good and valuable considerations and to induce Third
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~ Party to make said loan to First Party and accept said mortgage,
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~ Second Party and First Party do hereby severally and respectively
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~ covenant, consent and agree to and with Third Party that the
' lien and operation of said mortgages, financing statement, and
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assignment of leases, etc. owned and held by Second Party,
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~ insofar as the above described property is concerned, shall be
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~ go~K 23U PALE 253
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