Pelican Islae Yacht Club/Pump Station Subordination, Consent and Joinder of Easement INSTR 5475307 OR 5452 PG 635
RECORDED 11/28/2017 10 46 AM PAGES 6
DWIGHT E. BROCK, CLERK OF THE CIRCUIT COURT
PROJECT: BASIN 101 -PELICAN ISLE PUMP STATION COLLIER COUNTY FLORIDA
PARCEL: Pelican Isle Yacht Club, Inc, REC$52.50
TAX ID#. 66679090854&66679090906
ACCEPTED BY BCC PURSUANT TO RESOLUTION 2010-39
SUBORDINATION, CONSENT AND JOINDER OF EASEMENT
THIS SUBORD NATION, CONSENT AND JOINDER OF EASEMENT given this
3/4:7 day of , 2017 by CAPITAL BANK CORPORATION,
a North Carolina banking association with its principal place of business being 6435
Naples Blvd, Naples, Florida 34109, (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, its
successors and assigns, whose mailing address is 3335 Tamiami Trail East, Suite 101,
Naples, Florida 34112-5356 (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 COLLATERAL
ASSIGNMENT OF RIGHT TO COLLECT ASSESSMENTS AND ASSIGNMENT OF
LIEN RIGHTS by and between Capital Bank Corporation, a North Carolina banking
association and Pelican Isle Yacht Club, Inc., a Florida not-for-profit corporation and
recorded on October 11, 2016 in Official Records Book 5322, Page 1534; together with
that Uniform Commercial Code Financing Statement recorded on October 11, 2016 in
Official Records Book 5322, Page 1532, 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 easement for utility, access and
maintenance purposes 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 that certain easement described herein over, under, on
and across the Easement Property and any interest of Collier County in any utility,
access 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, access 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 wri n above.
Capital Bank Corporation, a North
Witness (Signature) Carolina banking association
Witness(Print Name)
VA:).t.:'‘ Ai--bbatdj By: LI7lP.4;,01/1, agiqe:VOC
Witness (Signature)
(1 het, i it))7)-(t Print Name: Her-tera, 411/ocd
Witness(Print Name)
Print Title: (3V p
STATE OF V-(0,0
COUNTY OF octii.er
The foregoing Subordination, Consent and Joinder of Easement was
acknowledged before me this day of ittila.st. , 2017 by
\\Ael tiNA (Name), as Ski P (Title),
of behalf-af-Capitat-Bank Corporation, a North Carolina banking association, who is
personally known to me o'r-' who has produced [type of
identification] as identification.
(affix notarial seal) C).
(Signature
(Signature of NoOry Public)
e heyv4 I \ 4-0,00arC4
(Print Name of Notary Public)
NOTARY PUBLIC
%,•„. CHERYL A.HUBBAHL Serial/Commission #:(if any Fccii-iiioq
r1.1.
Notary Ralik-State of Florida My Commission Expires: ILO
Commission# FF 941769
My Conwo.Expires Jan 26,2020
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