Transcapital Bank Subordination, Consent & Joinder
4217679 OR: 4398 PG: 0009
RBCORDBD in OPPICIAL RBCORDS of COLLIBR COUNTY, PL
10/02/2008 at 01:24PM DWIGHT B. BROCK, CLBRK
RBC PBB 44.00
Retn:
RBAL PROPBRTY MANAGBMBNT
ATTN:GARY @ 252-8073
INTBROPPICI
PROJECT: ROYAL PALM GOLF ESTATES WELL SITES
PROJECT NO.: 750051
FOLIO NO.: 71370040004 and 71430600342
SUBORDINATION, CONSENT AND JOINDER OF EASEMENT
'2 TH~ SUBORDINATION, C~~SENT AND JOINDER OF EASEMENT given this
. 3f day of SeoEm uc ( ,2008 by TRANSCAPIT AL BANK, a Florida
banking corporation, whose post office address is 2100 East Hallandale Beach
Boulevard, Suite 103, Hallandale Beach, Florida 33009 (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 BODY OF THE COLLIER COUNTY WATER-SEWER
DISTRICT, its successors and assigns, whose address is 3301 East Tamiami Trail,
Naples, Florida 34112 (hereinafter referred to as "CCWSD"). Mortgagee is used as
singular or plural, as the context requires.
WIT N E SSE T H:
WHEREAS, Mortgagee is the owner and holder of that certain Mortgage and
Security Agreement in favor of Leonard E. Zedeck, Trustee, dated October 3, 2002 and
recorded October 8,2002 in Official Records Book 3126, Page 1777, as affected by
Modification recorded in Official Records Book 3946, Page 1867, Consent recorded in
Official Records Book 3952, Page 1623, Subordination recorded in Official Records
Book 4273, Page 2024, Modification recorded in Official Records Book 4061, Page
2367, Consolidation recorded in Official Records Book 4102, Page 1544, Assignment of
Mortgage in favor of TransCapital Bank recorded in Official Records Book 4294, Page
644, Modification recorded in Official Records Book 4294, Page 645, Assignment of
Leases and Rents recorded in Official Records Book 4294, Page 652, UCC Financing
Statement recorded in Official Records Book 4294, Page 656, Corrective Modification
recorded in Official Records Book 4344, Page 1480, Corrective Assignment of Leases
and Rents recorded in Official Records Book 4344, Page 1493 and Corrective UCC
Financing Statement recorded in Official Records Book 4344, Page 1503, all 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"); and
WHEREAS, CCWSD has requested and received from the fee simple owner of
the Encumbered Property a perpetual, non-exclusive easement for utility purposes, and
access, 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, CCWSD has requested that Mortgagee consent to, join in and
subordinate its Mortgage to the interest that CCWSD 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 CCWSD 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, access and maintenance facilities located therein or affixed thereto, said
Mortgage shall remain in full force and effect.
OR: 4398 PG: 0010
IN WITNESS WHEREOF, the Mortgagee has set his hand and seal the date and
year first written above.
'in~
TRANSCAPITAL BANK,
a Florida banking corporation
BY~~
Signature
vVJ IllQm t t-f1t11eS
Printed Name
~~ldent
Title
~essrJSignatur~ (
~ (lIe D1 I
(Print or Type)
'-(f~J ~~~
Sf30nd Wit~s~_(Signature)
'{)rn d t:L ~. W ,C:1etn &--->
(Print or Type)
STATE OF FLORIDA
COUNTY OF BROWARD
The foregoing Sub rdination, ~t and Joinder of Easem.ent was acknowled~d
before me this day of . ,2008, by Name: VVJ I hom E d41~,
Title: 85l on behalf of TransCapital Bank, a Florida banking
corporation, who D:1 is personally known to me, or who U has produced
as identification.
(Affix notarial seal)
(Signature of Notary) I Ar! I A -
JlJ)J1fi V!l/WUI~
/
~int Name of Notary)
dYem~
My Commission Ex
Commission #
Approved as to Form and Legal Sufficiency
sistant County Attorney
, "Ill!
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OR: 4398 PG: 0011
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