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. 451'72"I
Fors~ FHA-FLA 427-1 ,
(4-30•73)
UNITED STATES DEPAI~i'l~NP OF AGRICUI.TURE
FARI~RS HOt~ ADAtINISTRATION
AGREEI~NT BY OTHER MORTGAGEE s
i~REAS, United States Small Business Adminis~ration
(hereinafter called "Mortgagee") is the amer and holder of a certain Real
Estate Mortgage (hereinafter called "security instru4ent") recorded. sz?~+s-i~
in Record Book 278, ag 2483 ~
ze~asdsd. in the Public Records of St. Lucie County. Flor~dafand
Walter Carl Forsling (hereinafter
~ called "Mortgagor") is (are) the O~mer(s) of certain real e~tate deacribed in
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f the aforeaaid aecuritq inatrwnent; and
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WI~REAS, Mortgagor hae applied to the United Statea of America. acting through 4
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t the Administrator of the Farmers Nome Administration (hereinafter called the .
"Government") for a loan for the purpose of improving or purchasing and
improving said real estate, to be secured by a Real Estate Mortgage.
WHEREAS, the loan insured or made by the Government, if approved will enable
Mortgagor to improve or purchase and improve said real eetate and enhance its
value;
i~i, THEREFORE, in consideration of the insuring or ~eaking of the loan by the
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Government~ Mortgagee. for himself. his heira. executors. Admintatrators..
succeseors. and aaaigns, does hereby agree:
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1. That during the period the Government holda a Real Estate Mottgage
~ the Mortgagee Wiil notify the Stat~ Dirertor. Farmers Home Adminiatration.
lir.ited State Department of ARriculture, by certified matl at least thirtq (30) ~
aays prfor to the conmentement of any Loretlosure action and wtll in the same
marr.^T g~ve n~fice of in~ention to aeR~,~n che seco-ity instrument.
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