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Home My WebLink About0886 I/ ` '"1::~'~y h PARTIAL RELEASE OF MORTGAGE KNOW ALL MEN BY THESE PRESENTS: WNEREAS, FIRST NATIONAL CITY BANK, a national banking associa- tfon organized under the laws of the United States of America, is . now the owner and holder by assignment of the following mortgages and the notes secured thereby, to-wit: A mortgage deed, executed the 14th day of October, 1970, by Outdoor Resorts of America, Inc. to Continental Mortgage Investors, a Massachusetts Business Tr~,st, securing ~5,100,000.00 and P'ecorded in Official Record Book 187, Page 2405, et seq., Public Records of St. Lucie 4ounty, Florida, encumbering certain lands in St. lucie County, Florida therein more particularly described; as amended by Modification of Mortgage Deed, dated October 4, 1972, amending the sum secured by an additional principal indebtedness of $1,112,392.00 and also encunbering other lands in Polk County, Florida, which _ Modification of Mortgage Deed was recorded in Official Record Book 2C7, Page 867, et seq., Public Records of St. Lucie County, Florida, and as further amended by Mortgage Modifica- tion and Extension Agreement, dated June 27, 1973 and recorded in Official Record Book 216, Page 265, Public Records of St. ' lucie County, Florida; and WHEREAS, Outdoor Resorts of America has requested First National City Bank to release the property hereinafter described, being a part of the mortgaged premises, from the lien and operation of said mortgage; : NOW, THEREFORE, First National City Bank, in consideration of the premises and the sum of Four Thousand SeverL Hundred Fortv ; ~ DOL~ARS i g.;740_00 , the receipt whereof is hereby acknoM~ledged, F does remise, release, quit claim, exonerate and discharge fran the ~ lien and operation of said mortgage, unto the said mortgagor, its ~ successors and assigns, that certain portion of the property conveyed ~ by said mortgage more particularly described as follows: ~ ~ lot 1339 ~ Section II ~ in that certain condominium kno?vn as Outdoor Resorts ~ of America at Nettles Island, according to plat ~ of Nettles Island Project recorded in Plat Book 16, ~ Pages 1 through 1(j) inclusive, and Declaration of Condominium recOrded in Official Record Book 186, ~ Page 2720, as last amended in Official Record Book ~ 192, Page 820, public records of St. Lucie County, ~ Florida n ~ TO HAVE AND TO HOLD the same, with the appurtenances, unto the ~ said Mortgagor, its successors and assigns, forever freed, exonerated ~ ; and discharged of and from the lien of said Mortgage; provided, always, nevertheless, that nothing herein contained shall in anywise impair, ; alter or diminish the effect, lien or enc~ar,brance of the aforesaid : Mortgage on the remaining part of said mortgaged property not released ~ `i hereby, or any of the rights and remedies of the holder thereof. i 'i~ ;`t ~ f :-ii 'z~ v~i :~t i . - ;F~~ r r ~ PA~"t 085 ;::x ~ ~ - r. .