HomeMy WebLinkAbout1227 ~11:i.:I1 t1. I.VL'.:.:1 ,
:tku5 F~°achtz~:e Rc~d, Suite 1210 i
A*lan:~a, Geor~ia 30326 ~~~E ~ATISTACTIOtJ ~~95
KNOW ALI. t-L~.N BY Tf~SE PFESII~TS :
~~E-TREAS, f~li~ay Ci:t in t1r.:erica at St. Lucie, Ir.c., a Florida corpora-
tion, hereir.~:ftP~, re: ~rrec~ to as 'T:or~teagor" , has executed and delivered to A.
Paul Y~ung, '~ustee, t~:o mertg~ges er.ct:rr,bering Frogerty particularly described
therein, both ~ea.~:r~~g c'.a:-e of JLlti• 25, 196? ar.d of record in the Office of the
Clerk ef the Ci.Ycui; Cc~, St. Lucie Cou.~ty, Flori~a, in O.R. Bock 167, Fage
2236 an~ O.R. ~cok 167, na$e 224~, securing tre payr.:ent of the princiFal sixns
of Or:e f?~:r:~~t' a::s:ety-Five- i'!^cusa.rd (51~5,Q00.00) L~cllars artd Zt,x~ hur.dred Six-
teen Tt:ous~-~, Seven ~:t.nc:z~ed as;d Fift}~ ($226,750.C0) ~ol?ars restectively, with
interest tr.ez~cn as specified t}:erein, said 2'ertgages subsequently mo~ified b~?
P~odifica:ien Agz~ce^:ez:t ~te~ J~:ne 16, 1971 of record in said Clerk's Office in
O.R. Book 294, Fa~e 62s, ar.d Seror.3 r'odification ~z~ee::ent ~,ated ~pri2 5, 1972,
of recozd in afcr~said C~erk's effice in O.R. Book 201, Page 1313;
AP~ t:~£AS, P?zdresa Ellison, h._reinafter referre~ to as '".'~rtgagee",
has subsequently ~eer. apxir:ted R:ccessor 'ih:stee;
AND t:~-~'AS, tre said A'_~~^tgagor has rnquestad the said r~rtgaeee to
release the pr~s+~ses herei.na~Fter ~escriL~d, being par~t of said mortgaged
pr~-riises, fz~c:1 ~a'r.e lien ~:nd cperation ef said ,
iortgages;
harJ, Tf-~REFO~tE, the said r'.ortgagee, in considera*ion of TII~1 DOLLARS
($10.00) ~ ether good ~ valu~ble ~onsicerations 4o i: in har~i rai.d, fihe
receipt of ~:::ich is 'r.ereby ackr~~aledged, dees r~nise, quit claim, exone_rate ar.d
discharge frcr.2 ~;:e lien znd operetion of said NEortgage un*o the sa~d t•~rtgagor,
its successcrs ~nd assigns, that cex~tain portion of'the pr~n.ises conveyed by
said 1~Sortgages, r.+nre particul2rly described as folZcws:
Lots g8g and 807
~ of
VENTURE OUT AT INDIAN RIVER, Inc., a Condaminium , as the same a~-
pears y~: upon a g~t ot t.e sarr~e or reco in e Clerk~s Office,
St. ;~zc~e ;;ounty, Flori~, in Plat Eook 16 , Page 24 ~
to k*hich sai~ place s~cific reference is
.`Fere
y` rrade for a s~eci c
description of the pro~rty released hereby. -
~0 ~AVE TO ~:~LD the sa..r.!e, orith the appurtenar:ces, un~o the rt~rtgagor, its
successors ~r:~ assigr:s forever, freed, exone~~^ated arid ciscr.arged of and freri ~the
lien of sa~d t_vrtgages a^.3 every part therecf; ~rovided al~:ays, ne~-ertheless,
that rAthing herein contair:ed shail in anywise ir,:pair, alter or dir:~inish the
effect, lien cr encu~r~r.ces o~ t'r:e a...~oresaid tfortgages on the rEr;aining r.~~ o~
S31.d 7:'102''~gcge~ Fre:iises, not hereby released there~rcm, er any of the rights az:d
re~:edies of t~:e ~:older trere.
I~•rESS~~-Q..~GF, tY:~ said ISortgagee has caus~
~h~.s instz~m: t to be si .ed
i~ . _ ..(l '
at ~ c~.~~cx~ , Florida, thi tJt~ day of ~_~,L
1 ~
~ Si ed, S].e-.: G.r:3 ~~ivEre3 B `
i '
i.n pr s~r.ce ~f drew ~z ison, uuccessor 1 stee
FILEB AMU FEC4RDE11
ST. WC~E ~IOUNTY f4~, ~
ROGE~ ~~t;RAS H,I S~~
- CIERK i~ :CUIT COURT~ ~
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