The URL can be used to link to this page

Home My WebLink About1412 4904'76 ~ SUBORDINATION AGREEMENT KNOW ALL MEN 8Y THESE PRESENTS, that EF,SK7NE FLORIDA PROPERTIES, INC., a Florida corporation, as to an undividec? one-half (1/2) interest, and ERSKINE CONTRACTING CORPORATION, an Ohio corporation, as to an un- divided one-half (1/2) interest, the holders of a certain Mortgage given by ISLAND_VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT CORPORATION, a Florida corporation, dated ~ ~ , 1980, filed '~~N~ o?-o , 1980, and recorded in Official Records Book~.3.~, page''/~~~o , Public Records of St. Lucie County, Florida, which mortgage covers the following described real property situate in St. Lucie County, Florida: ~ SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF For and in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable• consideration from the said ISLAND VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT CORPORATION, and AMERICAN BANK OF MARTIN COUNTY, receipt of which is hereby acknowledged, the said ERSKINE FLORIDA PROPERTIES, INC., a Florida corporation, as to an undivided one-half (1/2) interest, and ERSKINE CONTRACTING CORPORATION, an Ohio corporation, as to an undivided one-half (1/2) interest, do ~i hereby subordinate the lien and the operation of the said mortgage I made by ISLAND VILLAGE OF HUTCHINSON ISLAND.DEVELOPMENT CORPORATION to ERSKINE FLORIDA PROPERTIES, INC._, a Florida corporation, as to an ~ undivided one-half (1/2) interest, and ERSRINE CONTRACTING CORPORATION, an Ohio corporation, as to an undivided one-half (1/2) interest, to om ISLAND VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT [ the mortgage fr CORPORATION to AMERICAN BANK OF MARTIN COUNTY, dated t ~ , 1980, -t' filed `~`itrc ~ , 1980, and recorded in Official Records Book ~ page•~~°-3, St. Lucie County, Florida, Public Records, which-mortgage I secures the sum of $200,000.00, to the same extent as though said i ' ~ AMERICAN BANK OF MARTIN COUNTY mortgage had been executed and recorded prior to the execution and recording of the aforesaid mortgage from 5 ISLAND VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT CORPORATION, to ERSKINE FLORIDA PROPERTIES, INC.., and ERSKINE CONTRACTING CORPORATION Further, the said Mortgage given by ISLAND VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT CORPORATION to ERSKINE FLORIDA PROPERTIES, INC. ~ ga~333 ~~~~141Q 5 ~ „8 '3 ~'w