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Prospect Bank Subordination, Consent & Joinder of Easement PROJECT: f-75 Vacation Replacement Easement TAX ID NO.: 21968001120 INSTR 5805226 OR 5707 PG 2754 RECORDED 12/18/2019 11:43 AM PAGES 5 CLERK OF THE CIRCUIT COURT AND COMPTROLLER COLLIER COUNTY FLORIDA REC$44.00 SUBORDINATION, CONSENT AND JOINDER OF EASEMENT THIS SUBORDINATION, CONSENT AND JOINDER OF EASEMENT given this /74 day of Oc.4 o 6er , 2019 by PROSPECT BANK, an Illinois banking corporation, whose post office address is 177 W. Wood St., Paris, IL 61944, (hereinafter referred to as "Mortgagee"), in favor of the BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY OF COLLIER COUNTY AND AS EX-OFFICIO THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT, whose post office address is 3335 Tamiami Trail East, Suite 101, Naples, Florida 34112 (hereinafter referred to as "Collier County"). Mortgagee is used as singular or plural, as the context requires. WITNESSETH: WHEREAS. Mortgagee is the owner and holder of that certain MORTGAGE by and between Watermark at Naples FL, LLC, and Prospect Bank and dated May 15, 2019 and recorded on May 16, 2019 in Official Records Book 5630, Page 2163; and that certain ASSIGNMENT OF RENTS as recorded on May 16, 2019 in Official Records Book 5630, Page 2172: et seq. of the Public Records of Collier County, Florida, (hereinafter collectively referred to as "Mortgage"), encumbering the premises legally described therein (hereinafter referred to as the "Encumbered Property"); WHEREAS, Collier County has requested and received from the fee simple owner of the Encumbered Property a perpetual non-exclusive for utility, and maintenance purposes, and a temporary construction easement, over, under, on and across a portion of the encumbered premises legally described in Exhibit "A" attached hereto and incorporated herein by virtue of this reference (which premises are hereinafter referred to as the "Easement Property"); and WHEREAS, Collier County has requested that Mortgagee consent to, join in and subordinate its Mortgage to the interest that Collier County has in the Easement Property to which request Mortgagee has agreed. NOW. THEREFORE, in consideration of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Mortgagee does hereby consent to, join in and subordinate the lien of its Mortgage to the grant of those certain easements described herein over, under, on and across the Easement Property and any interest of Collier County in any utility, and maintenance facilities located therein or affixed thereto. Except as subordinated to the easement described herein over, under, on and across the Easement Property, or any utility, and maintenance facilities located therein or affixed thereto, said Mortgage shall remain in full force and effect. IN WITNESS WHEREOF, the Mortgagee has set its hand and seal the date and year first written above, . PROSPECT BANK, an Illinois banking Witness(Signature) corporation A// c/ /110o/( Name(Print or Type) Signature itn s(Signature) PRINT NAME: \ txrr;.-.. a Nor-Auk_ P0,-.4. Name(Print(Print or Type) TITLE: V:ce Pr Es.,'eit.4 STATE OF I L Wu L5 COUNTY OF 943a,K The foregoing Subordination, Consent and Joinder of Easement was acknowledged before me this IWkt day of uapber , 2019 by arrui 6 johytc,tri (Name) , as its V Cc_ Vre5LCI Lea, (Title), on behalf of Prbspect Bank, an Illinois banking corporation, who is personally known to me or who has produced as identification. WITNESS my hand and official seal this 171-ii day of Oa-Obey2019. (affix notarial seal) 7 / nature ' nature of Notary Public OFFICIAL SEAL Et-i.rt. P. Arab-el ERIN R. KRABEL (Print Name of Notary Public) NOTARY PUBLIC,STATE OF ILLINOIS NOTARY PUBLIC MY COMMISSION EXPIRES AUG.03,2023 Serial/Commission#:(if any) FAq i 9 -7 My Commission Expires: agia:NRAR3 (D) \PL. -;, m c, 11 k 15 it 1"ff ; 1 3 CD U S^ Z tr,r'^) V`.,, a M t"!,,,x}.-.m`d M 2. 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