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AND WHEREAS, the above-recited real property was encumbered by a'
third mortgage given and executed by R.Z.A.M., INC., a Flarida corparation to
ELDRED G. MILLER dated March 4, 1980, and recorded as afaresaid in the public
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recards of St._Iucie County, Flarida in Official R~ecards Book 327 at
Page 2144 on March lg , 1980, to secure the payment of the principal sum r
of $20,000.00 which said mortgage is presently secured upon the said premises.
SUBSDQUFNT 14iJR'I~GAGE
AND HWEREAS,.a Fifth Mortgage given by the said R.Z.A.M., INC.,
a Florida corporation to CURTIS ELECTRIC COMPANY for the principal sum of
$9,440.00, dated the ~ day of Apri1,1980 and intended to be farthwith
recorded as afaresaid, which said mortgage is secured on the premises here-
inabove described;
IlV'TII1P TO SUBORDINATE
AND WHE'2EAS, it is the desire and intention of the parties
hereto subordinate the liens and operations of the third mortgages first
- above-recited, for the full balance thereof, to the lien and operation of
the Fifth Mortgage secorxi above-recited, so that the said Fifth Mortgage
secrond above-recited shall and will become a lien uposT< the said pranises
and the third Mortgages first above-recited be subordinated thereto in every
m anner whatsoever;
CONSIDERATION AND SUBORDINATICIV
NOW WIZI~SS: That the parties hereto intending to be legally bo(uxi
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hereby, in consideration of the premises and of the advantages, to be derived
from these presents as well as in consideration of the sum of $9,440.00
represented by promissory note, and-that certain satisfaction of lien, each to the
other well and truly paid and/ar delivered at and before the sealing and delivery
s
of these presents, receipt whereof is hereby acknowledged, agree that the
said third mortgages first above recited, given and executed by R. Z.A.M., INC.,
a Florida corporation to ERRED G. MILLER dated March 4, 1980, and recorded in
the public records of St. Lucie County, Florida in Official Records Book 327
at Page 2148 ,and Official Records Book 327 at Page 2144 ,secured upon
the premises as therein described be, and the same are by these presents, made
in lien and subordinated to the lien and operation of the said Fifth Nbrtgage second
above-recited given and executed by R. Z.A.M., INC., a Florida corporation to
CURTIS ELECTRIC CO[~ANY dated April, 1980, and intended to be forthwith
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recorded as afaresaid, in the principal sum of $9,440.00 secured upon the premises E
herein described.
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LAW OFFICES HARVIN AHO BOWER, P.A., STUART PLAZA, SUITE 2Z2, 1S1 COLORADO AVE., STUART, 33M1. TELEPHONE: (30d)-4K-x]0 ~