HomeMy WebLinkAbout0692 - 10206 i 2 S~ ~
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Rec Fce ! r ~~V~ L~O~
. ~ ~d ~ee S~ Lucie County
poc Teuc = Clerk of Circuit Comr!
SUBQRI?INATION AGRE~NT T~ _ ~ 3y
' De Clazit
Total =
NOTICE: THIS SUBORDINriTION ~GREE![ENT RESULTS IN YOUR L~SEHOLD ~
I3STPiT$ IN THE SUBJECT PROPERTY BSCOMING SUBJECT TO ~ND OF LOWffit ~
PRIORITY THAI~i THE LIEN OF SOI~S O'I'Eiffi2 OR I,~Tffi2 SBCURITY i
INSTRUMSNT.
~
THIS AGREEMENT, made this day of ?,Q(.~ yNx ,
1989, by and between 820507 ONTP?RIO LIMITBD, a Canadian
corporation, contract purchaser and future owner of the land
described below and referred to below as "Owner", and PITCH ~I~tt?
PUTT, INC., a Florida corporation, and I~iICHAEL G. PIZZ~R$LLI and
MICHELE V. PIZZ2iR8LLI, his wife, present owners and holders of
the leasehold estate created by that lease described below and
referred to below as "Tenants";
W I T N E S S E T H:
WHEREAS, Owner is purchasing the following described real
property located in St. Lucie Gounty, Florida, to wit:
Commence at the Northeast corner of Lot 1, Block 4,
Section 12, Township 37 South, Range 40 East according
to the plat of St. Lucie Gardens Subdivision, as
recorded in Plat Book 1, Page 35 of the Public Records
of St. Lucie County, Florida and run South 00°04'15"
West along the West right of way line of Lennard Road
(30 feet wide) 300 feet to a point; thence North
89°53'45" West along a line parallel with the North
line of Lot 1, Block 4, a distance of 259.70 feet to
the Point of Beginning; thence continue along said
parallel line North 89'S3'45" West a distance of 591.78
feet to the East right of way of U.S. #1 (200 feet
' wide); thence North 27°45' west along said right of way
~ line 113.10 feet to a point 100 feet due north of the
' south line of this tract; thence South 89°53'45" East
; 644.57 feet; thence South 00°04'15" West along a line
j parallel with the East line of Lot 1 a distance of
100.00 feet to the Point of Beginning.
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WHEREA~, simultaneously with the purchase of the above
; described property, Owners shall be assigned that certain lease
~ between NORMAN A. KELLY and VEREEN L. KELLY, his wife, and the
Tenants dated March 6, 1987, a copy of said lease is attached
hereto as Exhibit "A" and made a part hereof, and all subsequent
amendments and extensions thereto; said leased premises located
~ at 10650 U.S. Highway #1, Port St. Lucie, St. Lucie County,
~ Florida, more particularly described as follows:
~
' Parcel A: Commencing at a point 200 feet South of the
~ Northeast Corner of Lot 1, in Block 4, Section 12,
~ Township 37 South, Range 40 East, according to the Plat
of ST. LUCIE GARDENS SUBDIVISION, recorded in Plat Book
~ 1, Page 35, of the Public Records of St. Lucie County,
Florida; thence run South 100 feet along the East line
of Lot 1; thence run West parallel with the North line
of Lot 1 a distance of 446 feet to the Point of
Beginning; thence continue from said Point of Beginning
Westerly along a continuation of the same line 411
feet, more or less, to the East right-of-way of U.S.
Highway l; thence Northwesterly along the said highway
F right-of-way 113 feet, more or less, to a Poin~ of
~ Intersection with a line 100 feet due North of the
~ South line of this tract; thence East 458 feet, more or
~ less, along a line parallel with the North line of Lot
~
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