HomeMy WebLinkAbout2620 /
~ '
.A ~
SUBORDINATION AGREEMENT
Whereas, under date of January 15, 1973, agreement not to c~cumber
was given by Alexander R. Banack and Ethel Jane Banack, his wife
to First National Bank of Fort Pierce, vhich agreement was recorded
on the 18th day of Jauuary, 1973, in Official Records Book 210,
at page 357 in the Public Recorde of St. Lucie Countq, Florida, and
Which Agreement covera the follo~ing deacribed real propertq, to
wiC:
Lote 1 and 2, lesa the South 5 feet thereof; and the
Southerlq 8 feet of Lot 6, PiAP OF COBB•S PARK TERRACE,
according to the Plat thereof, ae recorded in Plat Book '
7, at page 15 of tt~A Public Recorda of St. Lucie County,
Florida. -
and
Whereas Albert C. Black and Amy B. Black, his wife, have agreed
to make a mortgage loan to A. R. Banack and E. Jane Banack, his
wife, in the amount of $21,000.00 covering the property described
above, provided the Agreement first described is subordinated
to it; and
Whereas, the undersigned, in order to induce the making of the
mortgage loan to be made by Albert C. Black and Amy B. Black,
his wife, and in consideration of $1.00 and other good and valuable
conaiderations, desires to subordinate its Agreement to the
Mortgage to be given by said Albert C. Black and Amy B. Black, his
wife; ~ ~
NoW therefore, in consideration of the premises, the Agreement
firsEt described is by this instrument subordinated and made inferior ;
~o the mortgage to be given to Albert C. Black and Amy B. Blac~, his
; ta~;€~-'~st described above. '
. ;
. ; aR,; ~ O~`~• , "
r0•.' FIRST NATIOr:AL BAPi1C OF FORT PIERCE ;
~ . '~o~
,_j 1` ~ ~ Q, ~
' = • A=~T_ Elizabeth A. Hamrick .
j ,,~;.:ai~ Cashier William G. H f Vice President
f ljt~aled and delivered f~~~e ~NQ ,~~6 t
' ~ aac ~;~•`presence of : fT
~ ' ~ . . s ~ RdOER i~0~s ~
; " ~ CLERK CIRCUtT COWtt ~v~
p RFCORD YERIFlEO~~~~~
. y
~ ~ ~ ~ 1+1 3 i~ PM '15
STATE OF LORIDA
COUNTY OF ST. LUCIE ~1.~
. ~
~
I HEREBY CERTIFY that on this day, before me, an officer duly authorized
in the State and County aforesaid to take acknowledgments personally
appeared William G. Huffman and Elizabeth A. F'iamrick
well known to me to be the Vice President and Cashier -
~ respectively of the corporation named as grantor in the foregoing deed,
~ and that theq severally acknoWledged executing the same in the presence .
~ of two subscribing witnesses freely and voluntarily under authority duly ?
~ vested in them by said corporation and that the seal affixed thereto is ~
~ the true corporate seal of said corporation. '
i
WITNESS my hand offical sesl in-the County and State last aforesaid. ,
' this 22nd daq of January A.D. 1975. ~ '
~ - - -
;f ,
~ . , :tsz~,
~ . 1, . ' J / ~
u ~ , ~ . t
~ ; 1
~ ,
~ NOT Y ~ ; ~
: ; „
~ Commission Expires . " 1~tg~tt~~lp~. '
~ ~ '
u ~ 2
~ ;1
Walter E Davis ~
3v:. e`-qT~..-e~.. r~rp!!~t~rS TW~ ~ Q
~ ~s 1u.. _ _ t
:e~ i.,'..r i ~ ~~M
F:~st P.:..._t, r._,.,~r~E BOOK~ ~
~s 1F, k1:ti SL ?
~
~ - +uc
~ x
a. . _ . . , _