Utility Facilities/Utilities Easements Subordination INSTR 5466135 OR 5445 PG 2100
RECORDED 11/2/2017 1:00 PM PAGES 4
THIS INSTRUMENT PREPARED BY: DWIGHT E.BROCK,CLERK OF THE CIRCUIT COURT
COLLIER COUNTY FLORIDA
FRANCESCA PASSIDOMO,ESQ. DOC@.70$0.70 REC$35.50
COLEMAN,YOVANOVICH&KOESTER,P.A.
4001 TAMIAMI TRAIL NORTH,SUITE 300 [Space above line reserveu rvr reuurumg
NAPLES,FLORIDA 34103 office use]
UTILITY FACILITIES AND/OR UTILITIES EASEMENT(S) SUBORDINATION
THIS SUBORDINATION is dated this ci Cf day of OCM 2017 by:
- 1
Branch Banking and Trust Company, a banking corporation
(hereinafter referred to as the "Bank"), in favor of the BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY
OF COLLIER COUNTY AND AS THE EX-OFFICIO GOVERNING BOARD OF THE
COLLIER COUNTY WATER-SEWER DISTRICT, its successors and assigns, (hereinafter
referred to as "County"). Bank as used herein includes singular or plural, as the context
allows.
WHEREAS, the Utility Facilities and Utility Easements being conveyed to the
County are located over, on and/or under the underlying real property described and depicted
on Exhibit "A-1" and Exhibit "A-2", attached hereto and incorporated herein by reference
("Property");
WHEREAS, the Property is encumbered by that certain Non-Taxable Agreement
Not To Encumber or Transfer Real Property by and between the Secured Party and Wilshire
Lakes Master Association, Inc., a non-for profit Florida corporation recorded in Official
Records Book 5143, Page 2187, et seq., Public Records of Collier County, Florida
("Agreement");
WHEREAS, the Agreement grants to the Bank a right to approve and consent to any
action that may cause a lien or encumbrance on the Property;and
WHEREAS, a prerequisite to the conveyance of the Utility Facilities and/or related
Utility Easements, if any, being conveyed to the County requires that this Bank must
subordinate only its Security Interests in (i) the Encumbered Utility Facilities being conveyed
to the County and (ii) each related Utility Easement(s), if any, being conveyed to the County;
and the Secured Party is hereby complying with said request for these subordination(s).
NOW, THEREFORE, in consideration of TEN DOLLARS ($10.00) and other good
and valuable consideration, the receipt of which is hereby acknowledged by the Bank, the
Bank hereby subordinates its security interests in the Encumbered Utility Facilities being
conveyed to Collier County, and/or to each Utility Easement(s), if any, being conveyed to the
County, which encumbered Utility Facilities are located over, on and/under the Property.
Except as expressly subordinated herein, the Secured Interests of the Bank remain in full force
and effect.
IN WITNESS WHEREOF, the Bank has caused this Subordination to be executed
the date and year first above written.
', ESSES , /1/ ‘
BANK:
Branch Banking -d Trust Company
. p Y
'rin Na e: • el .'rr,•e r a banking co ,Vation
� By: 4�
Prints•—SC a• Print ame: .44 -0: % L
Its: ;,„r i' ,' c -?/i" JrYi/
STATE OF !Mich, )
COUNTY OF P,v7d/et,1. )
f Ther foreg�o;ing instrument was acknowledged before me this 4 day of �e ,61-e ,2017,
by �Jayi f4t L:rii x/ , as . .iib/ V,'-e P/tz// 'fc-cof'ranch Banking and Trust,
a banking corporation, for and on behalf of the company. S/he ><1 is personally known to me or [ I has
produced as identification. _
Z4' e4/1/i'
Notary Public �
Name Printed:
Commission No.:
Commission Expires:
(NOTARY SEAL)
mata.E 0.CHEWER
Navy Pubic,Mat
GGb of Florida
� 5i02
My comm.owiros Juno 26,2020
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