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W'hereas, Florida-Maid Citrus Corporation is the owner and
l~older of the following mortgages on the above described lands and ~
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premises, to wit:
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a. Mor.tgage dated March 10, 1965, made by Silicote ~
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Sales Co., Inc „ to Florida Maid Citrus Corporatian, to secure an
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indebtedn~ss of $58,950.00, which said mortgage is recorded in ~
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Official Record Book 1Z9 page 348 of the public records o~ St. ~
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Lucie County, Florida; ;
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Lenk, to Florida Maid Citrus Corporation, to secure an indebted- ;
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ness af $63,300.00, which said mortgage is recorded in Officia2 S
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Record Book 110, page 137 of the public records of St. Lucie ?
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County, Flori.da; and, ~
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j~'hereas, Florida Maid Citrus Corporation has assignea the
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said mortgages to Alpern by an Assignment Agreement dated the 18th ~
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day of October, 1965, and recorded in Official Record Book 129, ?
page 226 of the pub~ic records of St. Lucie c;~unty, Florida, as
collateral security for a loan macie to Florida Maid in the
amount of $70,000.00, as evidenced by a promissory note, a copy
~ of which note is attached to the said Assignment Agreement; and, ;
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Whereas, the said loan ~aas made on condition that the said '
; mortgage owned and held by Strazzulla Brotl~ers be subordinated ~o ~
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; the said mortgages of Silicote Sales Co., Inc., and Thomas T. . ?
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Lenk, owned and held by Florida Maid, and which have been assigned~
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Whereas, Stra~zulla Brothers is willing to comply with ~
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