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SUBORDINATION AGREEMENT `~~ '~ 9~ 4
THIS SUBORDINATION AGREEMENT executed this 23~ day of
p~ ,1980 by STRAZZULLA BROS. CO.,INC.. a Florida
Corporation in favor of 1ST AMERICAN BANK OF PALM BEACH COUNTY,
401 Northlake Boulevard, North Palm Beach, Florida, 33408
WHEREAS Strazzulla Bros.Co.,Inc.,a Florida Corporation the
owners and holders of that certain Mortgage and indebtedness
secured thereby executed by William C. Reeves ar~d Larry E. Lewis
in favor of Gulf-Atlantic Investments of Fort Pierce,Inc., a
Florida Corporation dated June 28, 197? and recorded in O. R.
Book 271 at Page 161 of the Public Records.of St.Lucie County,
Florida in the original principal amount of $86,250.00 and
suhsequently assigned to Strazzulla Bros.Co.,Inc.,a Florida
Corporation by Assignment of Mortgage dated November 30,1977
and recorded in O.R.Book 279 at Page 457 of the Public Records
of St.Lucie County, Florida encumbering the real property
situate in St.Lucie County, Florida described as follows:
The South 259.64 feet of that part of the South 1 2
of the Southwest 1/4 of Section 15,Township 35
South, Range 40 East, bounded on the South by the
130 foot right of way for Virqinia Avenue, on the
East by the $0 fo~t right of way for Oleander
Boulevard, on the North by the 50 foot right of
way for Southern Avenue and on the West by the 50
foot right of way for South lOth Street.
at the request of 15T AMERiCAN BANK OF PAI~M BEACH COUNTY,
1~~prth Aa 1 m APac-h+ F1 c~ri d~ 3340~ and in consideration of the
sum of Ten ($10.00) Dollars and other valuable consideration
inuring to the undersigned from 1ST AMERICAN OF PALM BEACH
COUNTY, North Palm Beach, Florida
does hereby
subordinate the lien and operation of said mortgage to the
lien and operation of that certairi mortgage and indebtedness
secured thereby executed by Robert Nelson in favor of 1ST
AMERICAN OF PALM BEACH COUNTY under date
of ~~G~~6L~ R 2't O recorded in O. R. Book 3TS~ Page
t-~
Zl~'~ of the Public Records of St.Lucie County, Florida
securing the sum of $ S' S O.DO and encumbering the above-
described property in the same manner and effect as if said
~i
;
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