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~ SUBORDINATION
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• OUTDOOR RESORTS OF AMERICA~ TNC., a Tennessee corporation, as a developer.
; hereby does subordinate the reserved right of the developer under Article XI of
! the Declaratton of Condominium, as amended, filed in the Public Records of S~.
Lucie County, Florida, in OR 8ook 192, to the lien and encwnberance created by
a mortgage instrume~t dated SePt_ 7F,~q~~ between Harve H.~ Schack' an~ ~ -
~ Ruth R. Schack his wife(OR
260 and Ffrs a ona anc ~ys Cor~any
! ~o_f Stuar_ o~ e o ow~ng escr e rea estate:
~ Lot / 735 Section~, in that certain condominium known
as Ol'•fib~RESORTS AMERICA, INC. AT NETTLES ISLANO, as ~ .
shown by plat recorded in the office of the Circuit Court
in and for St. Luc~e C~unty, Flori~a. ir Plat Book 16, page
l:lA through 1J.
In Witness whereof, OUTDOOR RESORTS OF AMERICA, INC, has caused these presents
to be executed in its name and its corporate seal to be hereunto fixed, by its pro-
per officers thereunto duly authorized.
Dated this 8th day of November 19~,• ~
- OUTDOOR RESORTS OF AMERICA, 1NC. .
~ BY ~ ~
~ ~ ~ . . c res ent
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ATTEST:
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Signed, sealed and de~ivered in the presence of•
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STATE ,OF TENNES$EE ~ ~ ~ " ~ ' ~ ' ~
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COUNTY OF DAVIDSON , '
I hereby certif.~ 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 r well known to me to be the Vice
resident 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-
scribing witnesses freely and voluntarily under authority duly vested in them by
said corporation and that the seal affixed thereto is Lhe true corporate seal of
. said corpo~~at~on. -
Nitness my hand and official seal in the County and State last aforesaid
'this 8th day of November 19~_•
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fIIED AKU aEGOR f`~ . ~V I 31 ~ _ , _
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aoc_ My conm~ssTfln~,_. ~ -
C1.ER1 C;wcwT cauRt ~ _ , .
Rfco~a veR:f~EO MY Commissan" es_.. ko r,1980
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BGOK
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