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SUBORDINATION
,
OUTDOOR RESORTS OF AMERICA, INC., a Tennessee corporation, ns a developer,
hereby does subordinate the reserved right of the developer under Article XI of
the Declaration of Condominium, as amended, fi;ed in the Pubiic Records of St.
.Lucie County, Florida,'in OR Book 192, to the lien and encumberance created by
a mortgage instrument dated Dec. 21 976 between -
Paui R. Russell ~ Lois J. Russe and Firs , National Bank jrLSt Crm~aRy
of Stuar~, on t e o ow~ag escr e rea estate:
(OR 263, Page 2221)
Lot f,~g~
Section , in that certain condominium known
as OUT~RESORTS~AMERICA, INC. AT NETT~ES ISLAND, as
shown by ptat recorded in the office of the Circuit Court
in and for St. Lucie County, Florida, in Plat Sook 16. page
1:1A tfirough 1J.
In Witness whereof, OUTOOOR RESORTS OF AMERICA, INC. has~caused these presents
to be executed in its name and it~ corporate seal to be hereunto fixed, by its pro-
per officers thereunto duly authorized.
Dated this 1~ ay of Janu~ 19~. ~
~ p~~i~i~w~tr~u ~ OUTDOOR RESORTS OF AMERICA, INC.
' ron~~a
OOWtt ~ . BY
~ . •~r--r.» c - res i ent
F~s ~ ~ 3 ~ ~ PN'1T ~
ATTEST:
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Secretary
Signed, sealed and delivered in ti~e presence of: - ;r.'i;~:•_: ~
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STATE OF TENNESSEE t~t''~.t.•E~ _
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COUNTY OF OAVIOSON
. 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. b Philli L. Parsons well known to me to be the €
President and ecretary, r~spective y, o utdoor Resorts of America, Inc., and
that ti~ey 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 tne seai :..":::e~ t'~~:~et~ is t~!~ `M+ae corporate seal of
said corporation. .
Witness my hand and official seal in the County and Stat~:las~ a_foresaid ~
~ this l4t.h day of ~aQ~~ 19~L. A--=~{~~r'~~-'~~~%,. - ~
'`sr edn~s..+~d+.
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My C01lnil ~1Q ~J j~~s~
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s~ei October 28, 1980
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