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• SUBORDINATION AGREEMENT
WHEREAS, under date of June 13, 1978 a mortgage wa~ given
by WHITLEY DAVIS, JR. and I20NALD YOUNG, to MRS. ELIZA ROCHELLE,
which mor~gage was recorded on the 13th day of ,7une; 1978, in ~
Official Record Book 288 at Page 2104 of thp Public Records of
= St. Lucie County, Florida, and which mortgage covers the following
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' described real•property lying and being in St. Lucie County,
~ Florida:
Lots numbered nin~teen and twenty (19 & 20) of
Block B of Alamanda Vista SuUdivision according
. to the reviaed map of said Block:as recorded in
St. Lucie C~~unty Records, Ft. Pierce, Florida,
~ _ which may als~ be described as:
Lots 19 and 20, Block 8, Alamanda Vista Sub-
division, Revised Plat, according to the plat -
~ thereof, as recorded in Plat Book 7, Page 40
of the Public Records of S~. Lucie County,
Florida;
and
WHEREAS, SUN BANK OF ST. LUCIE COUNTY has agreed to m~ke a
mortgage loan to WIiITLEY DAVIS, JR. and RONALD YOUNG, in the
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~ amount of Thirty-Five Thousand Five Hundred ($35,500.00) Dollars, . ~
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~ hereafter called the "new m~rtgage", c~vering the property above _
~ .
~ described, prcvi~ed the mortgage first described is subordinated
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I~ - to it; and -
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WHEREAS, the undersigned, in order to induce the making of ~
- the new mortgage loan, and in consideratiot~ of the sum of Ten ~
~ ~
' ($10.00) Dollars, and other good and valuable consideration,
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~ desires t~ subordinate her mortgage to the new mortgage.
I~ NOW, THEi2EFORE, in consideration of the premises, the
~ mortgage first de5cribed above is by this instrument subordinated
~ and made inferior to the new m~rt a e to be iven to SUh BAI~iK OF
9 9 g ~
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I . ST. LUCIE COUNTY and any modification (so long as the_principal
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j • balance of the new mortgage is not increased) thereto. ~ ~
Witnesses: ~ ~ ~
~ - ~n r~.,~ a n~r o: ~ ~sr
. , ~
, , ELI ZA OCHr.LLE
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~ . - ~~aQx3~39 ~~E ~25
NEILL OlIIFrIM JEFFRI[S i IIOYD
' CH/1pTER[O
. . V.O. HOx ~270, FpqT PI[RC£~TLOR!DA ~34;4 - :EIEPHOHE (3G51 ~64-H2O0
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