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Further. the said Mortgage given by OCEAN TOWERS DEVBLOPMBNT CORPOR-
ATION tD ERSKINE FLORIDA PROPBRTIBS . INC a Floside corporation.. as to an
undivided one-balf_(i~Z) interest~_and BRSK_~ CONTRACTING CORPORATION. an f
Ohio corporation. as m an undivided one-half (1/Z) interest. is hereby subordinated
to such future advances and/or subsequent mortgages which may be made by and
between OCEAN TOWERS DBVELOPMBNT CORPORATION m MBLLON BANK. N .A
including any extensions. modifications or renewals. replacements or reSnandngs
thereof. provided the total principal sum secured by aII such mortgages, does not
ezceed SIX MILLION. ffiGHT HUNDRED ffiGHTY-NINE-THOUSAND SBVBN HUNDRED
DOLLARS (=6_.888.700.00) .
Dated this 7 day of August. 1979. ~ ; ~ _
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Witnesses: ~ ~ BRSKINB FLORIDA PROP ~ ,~L~ INC
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BRSKINB CONTRACTING C D N ~ ~ '
Its: Presi e t = c't a ~
f J~ J. ~ry,~
STATE OF FLORIDA
COUNTY OF MARTIN
Before me personally appeared R. JAMES ERSKINE, III , to me well
known and known to me to be the individual described in and who executed the
foregoing instrument as President of the above named ERSKINE FLORIDA PROPBRTIBS .
INC.. a Florida corporation. and acknowledged to and before me that he executed
~ such instrument as such President of said corporation, and that the seal affixed to
the foregoing instrument is the corporate seal of said cozporationBnd that_it was
affixed to said instrument by due and regular corporate authority , and that said
instrument is the free act and deed of said corporation.
WITNESS my hand and off[dal seal, this 7 day of August. 1979.
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(N°~Ty~i y ; _ My Commission Expires:
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• ~ 1 ` > ~ ~ Md/AIM ~TA?E Of lLOIIRIA M tAI10!
f' ~ 61 $ ~.~C:- ~ ar aow~sgN ocvr~ rwrcM a~ ue.
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-2- BO°K315 PACE1657'