SUBORDINATION AGREEMENT (2)
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SUBORDINATION AGREEMENT
THIS AGREEMENT is made and entered into this Znd day
of (Ot-tIlAYlb/JL.J, 1985, 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 FIRST FLORIDA
BANK, a banking corporation organized and existing under the laws
of the State of Florida (hereinafter referred to as "Bank").
WITNESSETH:
WHEREAS, on December 31, 1963, City conveyed by Deed of
Conveyance to the Clearwater Chamber of Commerce, a not for
profit corporation organized and existing under the laws of the
State of Florida, the following described real property located
in Clearwater, Pinellas County, Florida:
Begin at the Northeast corner of Section 16, Township
29 South, Range 15 East, Pinellas County, Florida, run
thence South 88 deg. 58' 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 deg. 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 deg. 16' 17" East
along the West right of way line of North Osceola
Avenue, 100 feet; run thence South 88 deg. 58' 40" West
200 feet; run thence North 0 deg. 16' 17" West 100
feet; run thence North 88 deg. 58' 40" East 200 feet to
the Poing of Beginning.
WHEREAS, said Deed of Conveyance was recorded in O.R.
Book186Z, pages 407-409 of the public records of Pinellas County,
Florida, and provided that the property was deeded to the Grantee
solely to be used and maintained as location for Chamber of
Commerce office or building for the City of Clearwater, and
contained a reservation to the City and its successors all right
of reversion in and to said property in the event of the
PREPARED BY:
DAVID W. GRIFFIN, ESQ.
Wilson and Griffin, P.A.
401 South Lincoln Ave.
Clearwater, Fla. 33516
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original loan and do hereby consent to such extension and
modif~cation and do ratify and confirm such previous
subordination and extend such subordination thereto.
3. The obligations and benefits of this agreement
shall extend to the legal successors and assigns of the
respective parties hereto.
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
hereunto attached, the day and year above first written, and Bank
has caused these presents to be executed in its name by its duly
authorized officer and its corporate seal attached hereto, the
day and year first above written.
BY:
~.:he pre~
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s to Cl.ty
Approved as
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City Attor
correctness
In the presence of:
FIRST FLORIDA BANK ("Bank")
BY:~mJ.L #
ATrEST: ,~~ ~r-
STATE OF FLORIDA
COUNTY OF PINELLAS
I, an officer authorized to take acknowledgments
according to the laws of the State of Fl~d~, duly qualified and
acting, hereby certify that ~tlJee." F. eJ ~' as
Mayor-Commissioner of the City of Clearwater, to me personalLy
known, this day acknowledged before me that she executed the
foregoing Subordination Agreement as an act and deed of the City
of Clearwater, for the purposes herein expressed.
WITNESS my hand and official seal at Clearwater,
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Pinellas County, Florida, this c:2ncJ day of he.ce;v-,{:J e (
A. D. 196~.
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NOTAR~ .
My Commission Expires:
Notary Pu~k, S~at:! Gf E)r;':~3
My (ommi,s;cll L[)i,;,,~, ~!'" T ,.,::lJ~
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STATE OF FLORIDA
COUNTY OF PINELLAS
I, an officer authorized to take acknowledgments
according to the laws of the S~te of F19rida, duly qualified and
acting, hereby certify that 4" ()~ I L. :;;;t,oe~r as City
Manager of the City of Clearwater,) to me personally known, this
day acknowledged before me that he executed the foregoing
Subordination Agreement as an act and deed of the City of
Clearwater, for the purposes herein expressed.
WITNESS my hand and offiyial sea~at Cleprwater,
Pinellas j;--u, nty, Florida, this ~ day of e~ePvtb€-r ,
A. D. 19 .
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. NOTARY P LIC
My Commission Expires:
Notary Public, State of Florida
My Commission Expires hn. 7, E'3i
STATE OF FLORIDA
COUNTY OF PINELLAS
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I, an officer authorized to take acknowledgments
according to the laws of the ta::-l7 of FloJi-da, duly qualified and
acting, hereby certify that IT1I1,~ k..- GcudedlL as City
Clerk of the City of Cl.earwat , to me personally known, this day
acknowledged before me that he executed the foregoing
Subordination Agreement as an act and deed of the City of
Clearwater, for the purposes herein expressed.
WITNESS my hand and offiFial sea~t Cl,~water,
Pinellas ic;,.unty, Florida, this~ day of ece ' e.r ,
A. D. 19 s.
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STATE, OF FLORIDA
COUNTY OF PINELLAS
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NOTARY P LIC
My Commission Expires:
Notary Public, State of Florida
My Commission Expires Jan. 7, 1989
BcndQd Thru' Troy Fain - Ins:urcance, inc.
I, an officer authorized to take acknowledgments
according to the laws of the St4:e ~ FY9rfda,.~lY qualified and
acting, hereby certify that /1),' ^ _ G::,'.::;}(hrdl as City
Attorney of the City of Clea~water, to me personally known, this
day acknowledged before me that he executed the foregoing
Subordination Agreement as an act and deed of the City of
Clearwater, for the purposes herein expressed.
WITNESS my hand and official seal at Clearwater,
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pinellas .....F9-unty, Florida, this~ day of heceh\..h if ,
A. D. 19~.
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NOTARY BLIC
STATE OF FLORIDA
COUNTY OF PINELLAS
My Commission Expires:
" Notary Public, State of Florida
My Commission Expire.:; Jan. 7, B89
Bonded lhru "I"roy
I, an officer authorized to take acknowledgments
according to the laws of the State of Florida, duly qualified and
acting, hereby certify that J.S. McMullen and
Briqitta A. Lawton , respectively as Senior Vir.e President
and Assistant V. President of the FIRST FLORIDA BANK, to me
personally known, this day acknowledged before me that they
executed the foregoing Subordination Agreement as such officers
of said corporation, and that they affixed thereto the official
seal of said corporation~ and I further certify that I know the
said persons making said acknowledgments to be the individuals
described in and who executed the said Subordination Agreement.
WITNESS my hand and official seal at Clearwater,
pinellas County, Florida, this 6th day of December
A. D. 1985 . -
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NOTARY PUBLIC
My Commission Expires:
I07AP,Y Pl1fllIC STATE OF flORIDA
~Y CJ~MrSSION EXP. MAY 23 1089
BONDED TIIRU GENERAL INS. U~;.
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GREATER CLEARWATER
CHAMBER of COMMERCE
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December 13, 1982
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Tony Shoemaker
112 South Osceola
Clearwater, FL 33516
Dear Tony:
You are not going to believe this.
Once again, here is a modification of the amendment to our Subordina-
tion Agreement in connection with the loan.
The legal description contained in the amendment to the Subordination
Agreement accompanying this letter is incorrect. Please note the new
modification, which needs to be properly executed. It appears to be
a description of the property on Cleveland Street, which we formerly
owned.
I regret having to ask you to do this again, but, I am at a loss as to
why the ammendment that has already been recorded, is incorrect.
Should you have any questions please contact Mr. Zschau.
Sincerely,
~
J. Ed Robbins, Jr.
Executive Vice-President
JER/bar
Enc 1 .
128 N. OSCEOLA AVE.,
Po. [30X 2457,
CLEARWATER, FL 33517
813/461-0011
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