Pelican Isle Pump Station (Folio #66679090854 & Folio #66679090906) INSTR 5624107 OR 5561 PG 3750
RECORDED 10/12/2018 2:41 PM PAGES 6
CLERK OF THE CIRCUIT COURT AND COMPTROLLER
COLLIER COUNTY FLORIDA
REC$52.50
PROJECT:BASIN 101-PELICAN ISLE PUMP STATION
PARCEL Pelican Isle Yacht Club,Inc.
TAX ID#: 66679090854&66679090906
ACCEPTED BY BCC PURSUANT TO RESOLUTION 2010-39
SUBORDINATION, CONSENT AND JOINDER OF EASEMENT
THIS SUBORDINATION, CONSENT AND JOINDER OF EASEMENT given this
/ day of OAober— , 201Eby 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 NEGATIVE
PLEDGE AGREEMENT 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 6, 2017 in Official Records Book 5437, Page
3497 of the Public Records of Collier County, Florida, (hereinafter 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 WITNES WHEREOF, the Mortgagee has set its hand and seal the date and
year first writte i :bove.
Capital Bank Corporation, a North
Witness (Signature) Carolina banking association
Sohn Co-r-rv.
Witness(Print Name)
7,! GSL 11 By: 1 A..)1 i711 Lkl2,Ogz
Witness (Signatur
1
14 f'lithr efk± Print Name: Mei-folk..., Ai I leack-
Witness(Print Name)
Print Title: .S' t p
STATE OF PlG 1 cicc
COUNTY OF
The foregoing Subordination, Consent and Joinder of Easement was
acknowledged before me this day of O Gtr— , 2018 by
At I Gac ( (Name), as S if P (Title),
of behalf f._
oC italyBank Corporation, a North Carolina banking association, who is
Coersonally know to me or who has produced [type of
Identificationfas identification.
(affix notarial seal) Al //; '
(Signature of Notary Public)
t. r�
(Print Name of Notary Public), _ _
NOTARY PUBLIC ( ,,; vC.HEATHER KNIGHT
Serial/Commission #: if an
. of Florida
My Commission Expires: ,� Commissinn a Ff 203543
'•.i 1c My Comm.Expires Apr 3,2019
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