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SUBORDINATION AGREEMENT
KNOW ALL MEN BY THES$ PRE3SNTS: That VICTORY CONSTRUCTION, ~
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iNC., a Florida corporation, holder of a certain mortgage qfven by Y
C. F. SHAWVER CONSTRUCTION COMPANY, INC., dated November 21, 1978, ;
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filed December 14, 1978, and recorded in O.R.Book 299, Page 2204,
ST. Lucie County, Florida, public records, which mortgage covers
the following described real property in St. Lucie County, Florida:
` Lot 2, VIKINGS LANDING, PHASE ONE, according to the Plat thereof
recorded in Plat Book 18, Page 7, of the public records of St.
Lucte County, Florida. ,
For and.in consideration of the sum of One Dollar ($1.00)
and other good and valuable considerations from the said C. F. ~
SHAWVER CONSTRUCTION COMPANY, INC., and FIRST FEDTRAL SAVINGS AND
LOAN PBSOCIATION OF MARTIN COUNTY, receipt of which is hereby ~
~acknowledged, the said VICTORY CONSTRUCTION, INC., a Florida
corporation, does hereby subordinate the lien and the operation of
~ the mortage made by C. F. SHAWVER CONSTRUCTION COMPANY, INC., to -
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MARTIN COUNTY dated
f-~~'7 , 1979, filed / ~~Z,,"~-7p ' , 1979, and
recorded in Official Records Book ~.307- , Page ~ , public
records of~$t. Lucie County, Florida, which Mortgage secures.the
s~ of EIGHTY EIGHT THOUSAND AND NO/100ths---------------------
88,000.00 to the same extent as tho~gh said FIRST
FEDERAL SAVINGS AND LOAN ASSOCIATION OF MARTIN COUNTY mortgage had
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~ ~ been executed and recorded prior to the execution and recording of
~ the aforesaid Mortgage from C, F. SHAWVER CONSTRUCTION COMPANY,
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~ INC., to VICTORY CONSTRUCTION, INC., a Florida corporation.
~ Executed=this ~day of January, 1979.
~ Wi nesses: VICTORY ONSTRUCTION, INC. ~
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g ~co~porate seal)
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~ ~Uc~S~~i'l ' ,~$TATE OF FLORIDA -
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COUNTY OF MARTIN
~ SOMMERBFRASIER. I HEREBY CERTIFY that on this day before me, an officer
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•T*«~~,?~~*?~ ~ duly authorized in the state and county aforesaid to take
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