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Home My WebLink About2707515`7'7`7 SUBORDINATION AGREfiMSNT TAn InsUum~M YerOirtA Hy JOHN A. DARLSO~~~ E:Q, OARISON ANO QCCK7. iRSni.ed P. O. Hoa ?~IS / 9S9 S. fed~rat Nwy, O stw-1. flaW~ 3349~ ' KNOW ALL MfiN BY THESE PRESENTS . that SRSKINB CONTRACTING CORPORATION. an Ohio corporation. the holder of a certain Mortgage given by OCBAN HARHOUR OF NORTH BSACH DEVELOPMBNT CORPOAATION. a Florida corporation ~ dated January 28 . 1981. filed February 3. 1881. and recorded in Official Records Book~. Page~~ St. Lucie County. Florida. Public Records. which Mortgage covers the following described real property situate in St. Lucie County. Florida, to-wit: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HERfiOF . For and in oonsideration of the sum of TEN DOLLARS (510.00) and other good and valuable consideration from the said OCEAN HARBOUR OF NORTH BEACH DEVELOPMENT CORPORATION. and I-1ELLON BANK. N.A., receipt of which is hereby acknowledged. the said ERSKINE CONTRACTING CORPORATION. an Ohio corporation. does hereby subordinate the lien and the operation of the said Mortgage made by OCEAN HARBOUR OF NORTH BEACH DEVELOPMENT CORPORATION to ERSKINE CONTRACTING CORPORATION. an Ohio corporation. to the Mortgage from OCEAN HARBOUR OF NORTH BEACH DEVELOPMENT CORPORATION to MELLON BANK , N.A .. dated January 2g. filed February ~, 1981. and recorded in Official Records Hook ~~ Page~'7~ St. Lucie County. Florida. Public Records. which Mortgage secures the sum of NINE MILLION SEVEN HUNDRBD TWENTY-FIVE THOUSAND AND NO/100 DOLLARS (59.725.000.00). to the same extent as though said MELLON BANK. N.A. Mortgage had been executed and recorded prior to the execution and recording of the aforesaid Mortgage fzom OCEAN HARBOUR OF NORTH BEACH DEVELOPMENT CORPOR- ATION to ERSKINE CONTRACTING CORPORATION, ari Ohio corporation. Further. the said Mortgage given by OCEAN HARBOUR OF NOATH BEACH DEVELOPMENT CORPORATION to ERSKINE CONTRACTING CORPORATION. an Ohio corporation. is hereby subordinated to such future advances and/or subsequent mortgages which may be made by and between OCEAN HARBOUR OF NORTH BEACH DEVELOPMBNT CORPORATION to MELLON BANK. N.A., includ.ing any extensions. - ~n~K347 P~cE~7Q~ ~ ~ ~ .:~~ _ ~ : ; _ -- _ r ~ =~:~r~~~-°-~~s~,-°~ ~.<.:. : ~ .~s~~:---