Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Parcel #73744000526
1 6 D 2 INSTR 653R 60 15 RECORDED 4/17/O2024 12:49PG PM P 2 CLERK OF THE3975 CIRCUIT 35 CORT80 ANDAGES COMPTROLLER THIS INSTRUMENT PREPARED BY: COLLIER COUNTY FLORIDA w.Jeffrey Cecil,Esq. REC$18.50 Porter Wright Moms&Arthur LLP 9132 Strada Place,Suite 301 Naples,Florida 34108 Parcel ID Number:73744000526 SUBORDINATION AGREEMENT� Q THIS SUBORDINATION AGREEMENT is given this ,`day of 40fi/ 2024 by and between Collier County,a political subdivision of the State of Florida,hereinafter"Collier County",in favor of Habitat for Humanity of Collier County,Inc.,a Florida not for profit corporation,hereinafter"HHCC". WITNESSETH: WHEREAS,Jasmine Shyvette Morgan,hereinafter"Borrower",is the owner of the real property described as: Unit No.106,Building 3 of SONGBIRD AT WHIPPOORWILL,a Condominium,according to the Declaration of Condominium recorded in O.R.Book 6237,Page 3628,amended to add Phase 3 recorded in O.R.Book 6259,Page 107,all exhibits and amendments thereof,Public Records of Collier County,Florida(the"Property"). WHEREAS,on January 19,2024,Borrower executed the following mortgages and restrictions that encumber the Property: Home Investment Partnership Act(HOME)Subordinate Mortgage in favor of Collier County,recorded January 26,2024 at OR Book 6324,Page 2523(the"HOME Mortgage"); Declaration of Restrictive Covenants in favor of Collier County,recorded January 26,2024 at OR Book 6324, Page 2530(the"Restrictions"); Community Development Block Grant Purchase Assistance Subordinate Mortgage in favor of Collier County, recorded January 26,2024 at OR Book 6324,Page 2533(the"CDBG Mortgage");and Purchase Money Mortgage in favor of HHCC,recorded February 5,2024 at OR Book 6327,Page 1608(the "First Mortgage"); all in the Public Records of Collier County,Florida;and WHEREAS, the HOME Mortgage, the Restrictions, and the CDBG Mortgage (collectively, the "County Mortgages")were each intended to be subordinate to the First Mortgage;and WHEREAS, the First Mortgage was erroneously and inadvertently recorded subsequent to the County Mortgages;and WHEREAS, HHCC has requested that Collier County subordinate the County Mortgages to the First Mortgage,to which request Collier County has agreed. NOW, THEREFORE, in consideration of TEN DOLLARS ($10.00) and other good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged,Collier County hereby consents to and does hereby subordinate the liens of the County Mortgages in favor of the lien of the First Mortgage,as if such lien had been granted to HHCC prior to execution and recordation of the County Mortgages. IN WITNESS WHEREOF,the parties have set their hand and seal the date and year first written above. • ..2,a,q r r© COLLIER COUNTY, a political subdivision of the .• �i• State of Florida Attest' BOARD OF COUNTY COMMISSIONERS CRYSTAL K.KjN - I ERK COLLIER C Y,FLORIDA • By: � / By: Attest s t, h,Rerpaitly Clerk Ch 1, hairman signat. e only • r B ro ed as to form and ality: ► rek,DD..PPeerr - rry rlgel?' Assistant County Attorney �y 0 16D2 HABITAT FOR HUMANITY OF COLLIER COUNTY,INC.,a Florida not for profit corporation tctS Print Mess am : G� ^ eN»7l:; By: sa .Lcfkow Print Witness Address: ro�{(�9 Met` Title: Chief Executive Officer • Print Witnes amo: Vrl Pi 2— Print Wjtne Address: D n, (7, Neff -(,. STATE OF FLORIDA COUNTY OF COLLIER The foregoing instrument gas acknowledged before me by means of[xhysical presence or[ remote online notarization this S day of {, 2024,by Lisa B.Lefkow as Chief Executive Officer of Habitat for Humanity of Collier County,Inc.,a Florida not for profit corporation,[1ho' personal]'known to me,or[ who has produced as identification. 0 (SEAL) Notary Public,State of Florida a oa$ ,,,,,,,,,HAELlllllll,Go'"��,,��� My Commission Expires: pSAvp�N„ 23822959+1 Mr CO • FXP/RE MMISSION o `3, S 6'13.2028 ' ,A't/MBERNN9 "••,,,,,,,,,,,,,,,,•,,