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~ PARTIA~ RELEASE OF MORTGAGE
f . 26
~29~
KNOM ALL MEN BY THESE PRESENTS: ~
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Mt~REAS, FIRST NATIONAL CITY SA.NK, a national banking associa- ~
tiot~ organized ~der the la~rs of the United StatQS of America, is
na+ the a+ner and holder by assigr~nent of the following mortgages -
and the notes secured thereby, to-Nit:
A eortgage deed, executed the 14th day of October, ~
191~0, by Outdoc~r Resorts of Mtierica, Inc. to Continental ~
Mortgage Investors, a Massachusetts 8usiness Trust, securing ~
~5,100,000.00 and recorded in Official Record Book ],8~, Page '
et• seq. , P~1 i c Records of St. Luc~ e County, Fl ori da, ;
encu~6ering certain laRds in St. Lucie County, Florida therein ~
~re particularly described; as a~ended by Modification of
Mortgage Deed, dated October 4, 1972, am~nding the sum se;.ured
by a4a additional principal indebtedness of s1,112,392.04 and
also eocunbering oth~r lands in Polk County, Florida,~which
Modification of Mortgage Qeed was recorded in Official Record
Booic 207, Page 867, et seq., Public Records of St. Lucie ~
County, Florida, and as further amended by Mortgage Modifica-
tion arrd Extension Agr~ee~nent, dated June 27, 1973 and recorded
in Official Record Book 215, Page 265, Public Records of St.
Lucie County, Florida; and
i1iEREAS, Outdoor Resorts of America has requested First Hational
City Bank to release the property hereinafter described, being a
• part of the mortgaged premises, frar~ the lien and op~ration of said
~or't9a9e ~
N(~, THEREFORE; Fint Natianal City Bank, in considera~ion of
the pree~ises and tbe sum of Fifty TNO Thousand Nine Hundred
Thirt and 00 100 DOLLARS
52,930.00 , ti~e receipt whereof is hereby acknow3edged,
does reaise, release, quit claim, exonerate and discharge fram the
lien and o~ration a~ said mortgage, ~nto the said mortgagnr, its :
succgssors and assigns, that certain porticn of the proFerty conveyed
_ by said aor~gage ~re parti cularl~,~e~cribed as fol 1 ows :
LoL #'s I53, 224, 278, 279, 314, 391, 462, 637 b 1078
Section II -
in that certain condominium knawn as Outdoor Resorts
_ of Asierica at Nettles Island, according to plat
of Nettles Island Proj~ct reco~ded in Plat 8ook 16,
Pages 1 through 1(j) inclusive, and Dec3aration of
Condac~i ni u?~ recorded i n Offi ci ai Re~ord Book 186 ,
` Page 2720, as last amended in Official ~ecord Book
~ 192, Page 820, pub~ic records of St. Lucie County,
' Fl ori da
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° TO HAYE I`J~tD TO HOLD the sanp, with the appurtEnances, unto the I
~ said Mort9agor, its successors and assigns, forever fr?ed, exonerated '
~ and discharged of and from the lien of said Mortgage; provided, aiways,
` nevertheless, that nothing f~erein cantained shall in anywise impair,
alter or dimi ni sh the effiect, i i en or enc~a~rbrance of the afor~esai d
j Mor*_gage on the remaining part of said mortgaged prop~rty not released
t~e~~~, or ary of the rigt;ts ar~d rzr.zd:es ~f tFe hold~r therecf. ~
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