MODIFICATION TO AMENDMENT TO SUBORDINATION AGREEMENT
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THIS ntsTRm1ENT PREPARED BY
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Sorota and Zschau, P. A.
2515 Countryside Boulevard
Suite A1
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Clearwat~r, Florida 33515
RETURN TO.
CITY CLERK
P. O. BOX 4748
CLEARW A TER, FLA. 33518
MODIFICATION TO AMENDMENT TO
SUBORDINATION AGREEMENT
82199089
.D~1.5449 PAGE1513
THIS MODIFICATION TO AMENDMENT TO SUBORDINATION AGREEMENT made and
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entered into as of the....7 day of &..~ t-J , 1982, by and
between the City of Clearwater, a municipal corporation chartered
under the laws of the State of Florida (hereinafter referred to as
"City") and the Rank of Clearwater, Clearwater, Florida, a corporation
organized and existing under and by virtue of the laws of the State of
Florida (hereinafter referred to as "Bank").
WIT N E SSE T H:
WHEREAS, City executed a Subordination Agreement in favor of Bank,
dated the 5th day of May, 1982, for the purpose of subordinating
City's reversionary interest in certain real estate located in
Pinellas County, Florida to the Bank's first mortgage placed against
said property, dated the 6th day of May, 1982~ and
WHEREAS, City executed an Amendment to Subordination Agreement
dated the 16th day of September, 1982, amending the Subordination
Agreement dated the 5th day of May, 1982 and recorded on September 22,
1982, in o. R. Book 5404, Page 495, Public Records of Pinellas County,
F1orida~ and
WHEREAS, the legal description contained in said Amendment to
Subordination Agreement dated the 16th day of September, 1982 and
recorded on September 22, 1982, in o. R. Book 5404, Page 495, Public
Records of Pinellas County, Florida, is incorrect~
NOW, THEREFORE, the legal description is hereby amended to read as
follows:
Begin at the Northeast corner of Section 16, Township 29
South, Range 15 East, Pinellas County, Florida, run thence
South 88058'40" West, along the North line of said Section
16, 1,733.36 feet, more or less to a point of intersection
with the West right of way line of North Osceola Avenue as it
presently exists in Clearwater, Florida~ run thence South
0"16'17" East along the West right of way line of North
Osceola Avenue, 50 feet for a Point of Beginning~ from said
Point of Beginning run thence South 0"16'17" East along the
West right of way line of North Osceloa Avenue, 100 feet~
run thence South 88"58'40" West 200 feet~ run thence North
0"16'17" West 100 feet~ run thence North 88"58'40" East 200
feet to the Point of Beginning.
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D. R.5449 PAGE1514
In all other respects the Amendment to Subordination Agreement
da ten ,the 16th day of September, 1982, ann the terms and conditions
contained therein shall remain in full force and effect, execpt as
expressly modified by this Modification.
IN WITNESS WHEREOF, City has caused these presents to be executed
in its name by its City Manager and City Clerk, countersigned by its
Mayor - Commissioner, and its corporate seal to be hereunto attached,
the day and year first above written ann Bank has caused these
presents to be executed in its name by its duly authorized officer and
its corporate seal to be hereunto attached, the day and year first
above written.
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In the Presence of:
to form and
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