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SUBORDINATION AGREEMENT E
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. WHEREAS, under date ~f AuguSt 28, 1980 a mor~gage was given '
by HECTOR DePAULA A~tIAS and MAELIA DePAUI~A ARIAS, his wife, to
U. C. PETERSON and OLIVE D. PETERSON, his wife, which mortgage ~
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was recorded or ~he llth da~ of September, 1980 in Official
Record Book 338 at Pa e I213 ~f the Public Records of St. Lucie ~ ~
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County, Florida, and which mortgage covers the following ~
described real pro~~erty lying and being in St. Lucie County, ~
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Florida: ~ ~
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Lot 2 and the North 13.48 feet of Lot 3, i
Block 3, DARK HAMMOCK ESTATES UNIT TWO,
according to the plat thereof as recorded ;
in~Plat Book 19, Page 11 of the Public f
Records of St. Lucie County, Florida; ~
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and ~
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WHEREAS, SUN BANK OF ST. LUCIE COUNTY has agreed to make ~
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a mortgage loan to HECTOR DePAULA ARIAS azd MA~'LIA DePAiJLA s
ARIAS, his wife, in the amount of Eighty-Two ThousanU ($82,000.00)
~ Dollars, hereafter called the "new mortgage", cove.ring th~
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property above aescribed, pr~vided the mortgage first described ~
is subordinated to it;~and ~
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WHEREAS, the undersigned, in ordPr ta induce the making of ~
the new mortgag~ loan, and in consider«i:ion of the sum of Ten ~
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($10.00) Dollars, and other good and valu~ble consideration, ~
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desires tc subordinate their mor~gage to the new mortgage. ~
- NOW, THEREFORE;- in consideration of the premises, the ~ ~
mortyage first described above is by this instrument subordinated ~
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- and made inferior to the new mortgage to be given to :~~!N BAI+IK OF
~ ST. LUCIE COUNTY'. - ,.~,A i ~~y~
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Witnesses: .
~ /~"'r~ -~-c°i'~-~ ~ =
_ ~ O. C. ETERSON -
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~ t i`'~` ~ ~ '2 CC'l~= ' OLIVE D. PETERSON `
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~ Thi~ in~tru:n^:~t P~-e;~:ir:d Uy - -
~ R71'sl:it'1 ~1. LL~Yi), 311 Soutli 2ud Street
E Fort Yicrc~, rlorid.~ $Q~~~ ('l~CE V•J~ -
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f N[Ill ~RIrFIN JEifRIGS i LIOYD `
" - . ~ ~ CMARTEHED ~
~ ~ P.O. BO% 1270, ~ORT PIERCE~fLORIDA 33454 - TEIEPHUNE (305) 464•8200 . - ~