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SUBORDINATION AGREEMENT
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KNOW ALL MEN BY THESE PRESENTS, That for the sum of Ten
Dollars ($10.00), and other good and valuable considerations, receipt
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whereof is hereby acknowledged, FIRST NATIONAL BANK AND TRUST COMPANY OF
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1; STUART, a Florida banking corporation, the owner and holder of that certain
mortgage in the original sum of $ 13,683.60 , executed by RICHARD G.
M.
9CII1rIIDT and ELEANOR SCHMIDT, his wife, recorded in Official Record Book
!I 290, Page 1579, Public Records of St. Lucie County, Florida, encumbering
the following described property:
Lot 21, Block 197, PORT ST. LUCIE, SECTION FOUR,
according to the plat thereof, recorded in Plat
Book 12, Pages 14, 14A through 14G, of the Public ~
Records of St. Lucie County, Florida.
is
does hereby subordinate the lien and operation of their said mortgage so as to
render same subject, subordinate and inferior .to the lien and operation
of that mortgage executed by RICHARD G. SCHMIDT and ELEANOR M. SCHMIDT, his
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wife, to COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF THE PALM BEACHES,
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in the original sum of FORTY EIGHT THOUSAND EIGHT HUNDRED AND NO HUNDREDTHS
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($48,800.00), to be recorded in the Public Records of St. Lucie County,
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Florida, simultaneously with the recording of this agreement. E
IN WITNESS WHEREOF, the undersigned has hereunto set its ~
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hand and seal this~day of , 1980. ~
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FIRST 0 BANK AND TRUST
COMP _ ART ~f,
Signed, sealed and delivered B r~,,~~':'
tF~ in the presence ~ of : - - ~ ~ - - ~
C,~tiic
1 ~ ~ STATE OF FLORIDA • ~ • •
~ ~ COUNTY OF MARTIN ~ ' . • ;'1'' r, t' jy
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~ I HEREBY CERTIFY that on this 4 day of June 1980, before me
~ an officer duly authorized and acting, personally appeared Chester L.
_Stoan and James C. Anthony, III the Assistant
u 11,cP President and Vice Pres. B. Cashier , respectively of
o ~ FIRST NATIONAL BANK AND TRUST COMPANY OF STUART, a Florida banking corporation,!
a to me known to be the persons described in and who executed the foregoing '
a ~ ~ ~ instrument and they acknowledged the executed document to be their free act '
~ and deed as such q,~~iCers for the uses and purposes therein mentioned; and
that they,;~ff3sq~?Jt~ereto the official seal of said corporation, and the
said i~s}~~(~ie~:~`!R: act and deed of said corporation.
_ a. WIT~9'~`e~ji`hand and official seal this 4 day of June 1980. j
U ~ j ~ otary Publi State of lorida ~
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