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Subordination, Consent & Joinder of Mortgage PROJECT: PORT OF THE ISLANDS MARINA FOLIO NO.: 01067063700 SUBORDINATION. CONSENT AND JOINDER OF MORTGAGE THIS SUBORDINATION, CONSENT AND JOINDER OF MORTGAGE is given this /1-!JJ day of December, 2008 by FIRST NATIONAL BANK OF ST. LOUIS, whose post office address is 7707 Forsyth Boulevard, St. Louis, Missouri 63105 (hereinafter referred to as "Mortgagee"), in favor of COLLIER COUNTY, A POLITICAL SUBDIVISION OF THE STATE OF FLORIDA, its successors and assigns, whose post office address is 3301 East Tamiami Trail, Naples, Florida 34112 (hereinafter referred to as "Collier County"). 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 by and between The Islands Hotel, LLC, a Florida limited liability company, Port of the Islands Investments, LLC, a Florida limited liability company, Port of the Islands Properties, LLC, a Florida limited liability company, The Islands Marina, LLC, a Florida limited liability company, and The Islands Club, LLC, a Florida limited liability company, and First National Bank of St. Louis, dated December 14, 2005 and recorded on December 16, 2005 at Official Records Book 3948, Page 4009, et seq.; and Assignment of Rents dated December 14, 2005 and recorded on December 16, 2005 at Official Records Book 3948, Page 4024, et seq.; and UCC Financing Statement recorded on December 16, 2005 in Official Records Book 3948, Page 4037, et seq., all in 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 purposes of access and ingress over, on and across a portion of the Encumbered Property, which portion of the Encumbered Property is 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, on and across the Easement Property and any interest of Collier County in any access facilities located therein or affixed thereto. Except as subordinated to the easement described herein over, on and across the Easement Property, or any access facilities located therein or affixed thereto, said Mortgage shall remain in full force and effect. I--l>~ ~ = -3 t:><:II I'D -3-3>........ t:><:II = t:-':::I :::u -- -- =<<> ~ ~",."" -""= ~~~ ~ - =="" ~ ~> ~ ~. ~= , ",. == <~ ",. ~<<> ,~ - = - = ~ "" -- ~~ ~= ~"" -= -- ~= ~>---'_ ...J:::;=. = ~ ['oJ ~ ~-= ....... ;:;;- 0""\ ,- --:J -= ._h;j~ :;; :2: 0--. ",. ~ ~;:: C) ~ I:;-' :::0 ~ "" <<> = "" ~ -3 ~ ~ ~:,:;: ...a::::. =0 ~ "" ~ --:J = ~ ~ _~ g ....-..:::::J r.;, ~ G"::I! t.- !:xl .... - "" "" ::><;8~ = L.n ':'ijev .:-' ex:> - ~ "" - ~ ~ - = = IN WITNESS WHEREOF, the Mortgagee has set its hand and seal the date and year first written ~ above. IN WITNESS WHEREOF, the Mortgagee has caused these presents to be executed this ~ day of December, 2008. 47JUJ/V tI ;;:/1- First Witness (Signature) '//Junw"-. 1/" '-r:;h/J~il (Print or Type) ~K~ By .). V.P. q.......e l-l. ~ lUtter-rll Pnnt Name 5e.~ lPr fiGe. Pf"e:1i .,Iel<\f' Title (I~ YLa.-fU S~Ad Witness (Sign<jture) ~'-( [lJo I .-.:-{ (Print or Type) .,.' ,..) STATE OF MISSOURI COUNTY OF Sf, ).. 0 ~I ~ ';J' The foregoing Subordination, Consent an Joinder of M rtgage was acknowledged before me this. ~~'-4 dU of Drr,ember 2008, by' '. t' (Name), ) ,"(J~ " ~ e residf'.,t (Title) on behalf of FIRST NATIONAL BANK OF ST. LOUIS, who [ ] is personally known to me, or who [ ] has produced 111 0 ))v',' vv .', L. I'"" n <;~. as identification. (Affix Notarial Seal) &w~a. kA fArol! ~ignatur1 'ta~ . , d+ Pi/(J( / .. f'Jk, (Print Na e of Notary) Commission #OK5ZJq~~ My Commission Expires: /01OI';{ BElIERL Y A. SCHEIDT Notary Public - Notary Seal STATE OF MISSOURI SI. Louis County My Commission Expires: Sept. 10, 2012 Commission 1/ 08549449 , i , - _,1.0' . ,J- ';"'. y ~:. ;0" oo;! '" 55 ~'" ",'" ~[;l ~g V1~z8mo i.go ~!jZ ~ Q. ~-oo ~~ CZ-i f~ ~~~ "~ ~z ~ ~ ~ (riG> " , m . , , ~ , . ~. !:!.!E :-:-g ~ cao"'O ~ a-~~ ~~~ lIIlOCHCH i:JlOlD ~~~ U.StflH ::!l1lJ'1 . '-N g8;:~ 33lH.,.. '" ~ ~n ~o ~ ~~ >[;l~C:Q Z;;!>~:S ~-lr-~r- ZI'Tlf"l 1"1 '" ZllI'Z 1II~9 8 r"'I"\JzJ::z ~~f;l~f;l nVl2'!!J!::!! !""I>Z%Z III r-'" "'''' 'H~~ "'" o~ '" 5~ ~~g ';;-0 O"'il "0 i'il."'.l ~i ~ 00 ~Z '" 2,;> "" ~~ () "'~ 0" Co ;i" . !,:: "'Z ~O "'" ~o "'() "'~ ~~ >0 "'- ."'" 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"'0 ",,,,-< )>VlI " Vl '" 01"'1 Vi ~[;j ~ n", Z "'''' 0 =OfTlVl -<Z o-l;g Z..,o 0" "'''' '" - -< ~r>=i ",Vl > o '" '" " > '" () '" " .., o '" -< -< ~ .... -9. ..., '" '" -< o ..., -< I '" .., o r " o ;;;: Z '" o '" Vl () '" OJ '" o " '" o " '" '" -< ~ (j) 0 )> 0 r IT1 (J1 " 0 II 0 0 0 0 539 *** (f.l g.] >-3 ZC"::l o::r: >-3 >~ (JJt:J ~~ ;aC"::l '-""~ -..,~ >-3 ...... o Z (J1 o N o o PROJECT: PORT OF THE ISLANDS MARINA FOLIO NO.: 01067063852 SUBORDINATION. CONSENT AND JOINDER OF MORTGAGE THIS SUBORDINATION, CONSENT AND JOINDER OF MORTGAGE is given this 17-!:J:day of December, 2008 by FIRST NATIONAL BANK OF ST. LOUIS, whose post office address is 7707 Forsyth Boulevard, Sl. Louis, Missouri 63105 (hereinafter referred to as "Mortgagee"), in favor of COLLIER COUNTY, A POLITICAL SUBDIVISION OF THE STATE OF FLORIDA, its successors and assigns, whose post office address is 3301 East Tamiami Trail, Naples, Florida 34112 (hereinafter referred to as "Collier County"). 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 by and between The Islands Hotel, LLC, a Florida limited liability company, Port of the Islands Investments, LLC, a Florida limited liability company, Port of the Islands Properties, LLC, a Florida limited liability company, The Islands Marina, LLC, a Florida limited liability company and The Islands Club, LLC, a Florida limited liability company and First National Bank of St. Louis, dated December 14, 2005 and recorded on December 16, 2005 at Official Records Book 3948, Page 4009, et seq.; and Assignment of Rents dated December 14, 2005 and recorded on December 16, 2005 at Official Records Book 3948, Page 4024, et seq.; and UCC Financing Statement recorded on December 16, 2005 in Official Records Book 3948, Page 4037, et seq., all in the Public Records of Collier County, Florida (hereinafter collectively referred to as "Mortg'age"), 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 all purposes of riparian access and boat tie-off on a portion of the Encumbered Property, which portion of the Encumbered Property is 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 ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Mortgagee does hereby consent to, join in and subordinate the lien of its Mortgage to the grant of that certain easement for all purposes of riparian access and boat tie-off described herein over, on and across the Easement Property and any interest of Collier County in any riparian access and boat tie-off facilities located therein or affixed thereto. Except as subordinated to the easement described herein for all purposes of riparian access and boat tie-off on the Easement Property, or any riparian access or boat tie-off facilities located therein or affixed thereto, said Mortgage shall remain in full force and effect. IN WITNESS WHEREOF, the Mortgagee has set its hand and seal the date and year first written above. IN WITNESS WHEREOF, the Mortgagee has caused these presents to be executed this /7.!J day of December, 2008. FIRST NATIONAL BAlK O~iV ~OUIS '" . ~~'t ,_~.i 1-1, GtICa+er-(a,. V7.:e f('&s i de.l>\-r . 6e.>\e- Print Name fla, I1J)Y Sjll:ond Witness (Signat\jre) LtLH-., ))()J~ (Print or 'iype) STATE OF MISSOURI COUNTYOFSf, L.()u, ios ~V\io,.... Title The foregoing Subordination, Consent an Joinder of Mortgage was acknowledged before me this J 7 1:.b day of DQCembl1r, 2008, by r I . -Ie V'te (Name), _ <';Cl" \t,,- \J ,\ f t"es;d",,1 (Title) on behalf of FIRST NATIONAL BANK OF ST. LOUIS, who [ ]ispersonallyknowntome,orwho[ ] has produced IYII) DriWr.< i/fP"'> as identification. - (Affix Notarial Seal) f.keh~ a. j~$ ~gnat~e Notary) V<'r v II, sd",: df' (Print N me of N9tary) Commission #QI55;.;q 4~ q My Commission Expires: I/O! JOI,} . BElIERL Y A. SCHEIDT Nol8IY Public, Notary Seal STATE OF MISSOURI St Louis County My Commission Expires: Sept 10, 2012 COmmission. 08549449 I--<~~ ::<:l :z::: -lI b<:I rn -lI-lI ~......- t:o::l = t:-'::;:f ~.. .. o '" ~ -",."" _""0 ~~~ ~ = -='" ~ ~~ ~ ~= , ",. == =",. ~'" ~- '"' - = ~ '" -- ~~ -= ~"" -= -= ~= ~ t-'- H:::o = ~ ['oJ ~ ~-= ......- g CT'\ - --:J -= "'""=:l~ ~;2: -.3 ",. ~ ~ :;: c::> ~ t;- :::0 .......::<:l ... "'- "" ~ 0-,3 ~ H==:o ~~ ~ = 0 >---' '" ~ --:J = ~~ ~:;oo:: ~ I-c:J ~:=::: G): t::-' t:>::I .... -"" '" ~~ ~ 2Ln ':'ii-= .:< c::> - ~ "" = ~ - - = = ~. = v'.P <.,' -'" z'" ~- ~o r;;~ "'''' , 0 ;o!:i 0" '" 05 ~'" ",,,, ~~ _'" 0" ~o ~ . 0 \.Ii;- IJ JO 13JHE LW k')o.;zomo W'~~~ ~i ~~~ ~~ ~z ~ ~ ~ triG) ~ . ~ ~ ~ , . '" g,~ "0 ;g ~g...,~ IQ n.~t'1 nO.. .. ~;-........- =:IN'''' 1I1C1vn... 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