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SUBORDINATION 1
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OUT~OOR RESORTS OF AMERICA, INC., a Tennessee corporation, as~a developer,
~ hereby does subordinate the reserved right of the developer under Article XI of
i the Oeclaration of Condominium, as amended, filed in the Public Records of St.
; Lucie County, Florida, in OR 8ook 192, to the lien and encumberance created by
a mortgage instrument dated July 30, 1976 between ~apgs L. Beq]gy and
; , tbrothY J. 6egley,_his wi#
~OR 260~ ~P
q~ ~so ~and Fi~st.Nationa~ Bank ~ Trust Comoany
of Stuart on t P oTTowing described real estate:
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Lot ~ 597 Section II , in that certain condominium known ~
as OU~-RESORTS~F
AMERICA, INC. AT NETTLES ISLAND, as
shown by plat recorded in the office of the Circuit Court
in and for ~t. Lucie County, Florida, in Plat Book 16, page
~ 1:1A through 1J. . ~
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In Witness whereof, OUTOOOR RESORTS OF AMERICA, INC, has caused these presents i
to be executed in its name and its corporate seal to be hereunto fixed,_by its pro- ~
per officers thereunto auly authorized. ~
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Oated this 8th day of~ovember 19~. ~
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EKEQ"~ ~ OUTDOOR RESORTS OF A.MERICA, INC.
i St. ~ .
~ c~.fa~ c:~cws 6outtt ~ BY t.
{ aFCOaovE~~~iEO~...~~ c resident ~
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Ilor I~ 1 ~3 PM'Z6 #
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ATTEST: ;
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Secretary '
Signed, sea~ed and delivered in the presence cf:
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t~GDi~FpRATE ~ ~~~11~~ `
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STATE OF TENNESSEE ~ ~~:~;:•~~;:::::.=ir=~~~~=- ~
COUNTY OF DAY I DSON "r ~~;C~'~y
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I hereby certify that on this day,~before me, an officer duly authorized in
the~State and County aforesaid to take acknowledgements, personally appeared
Geor e M. Blackburn, Jr. and Phillio L. a so well known to me to be th~ Vice
President and Secretary, respective y, of ut oor Resorts of America, Inc., and ~
that they severally acknowledged executing the same in the presence of two sub- ;
sc~fb:^~ Y~itne~ses Freely ar.d voluntarily under authority duly vested ir theM by =
said corporation and that the seal-affixed thereto is the true corporat. seal ot ~
. said corporation. • .
Witness my hand and official seal in the County and State last aforesaid
' this 8th day of November 1976
F
otary ,uh ic
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My commission eXpires:. '
My CommissioR E.zpires October 28, 1980
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