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PARTIAL RELEASE OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, FIRST NATIONAL CITY BANK, a national banking associa-
tion 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 recorded in Official Record Book 187, Page
2405, et seq., Public Records of St. Luc~e County, Florida,
encumbering certain lands in St. Lucie County, Florida therein
more Rarticularly described; as amended by Modification of
Mortgage Deed, dated October 4, 1972, amending the sum secured
by an additional principal indebtedness of g1,112,392.00 and
also encumbering other lands in Polk County, Florida, which
Modification of Mortgage Deed was recorded in Official Record
Book 207, Page 867, et seq., Public Records of St. lucie
County, Florida, and as further amended by Mortgage Modifica-
tio,~ 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,, fran the lien and operation of said
mortgage;
NOW, TNEREFORE, First National City Bank, in consideration of
the premises and the sum of Five Thousand On~ Hundred Thirtv-Five
and ----------------------------------------------D6LLARS
~,135.00 , the receipt whereof is hereby acknowledged,
does remise, release, quit claim, exonerate and discharge from 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 327 ~
Section II
; in that certain condominium known as Outdoor Resorts
~ of America at Nettles Island, according to plat
~ of Nettles Island Project recorded in Plat Book 15,
- 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 ~
~ i
~ TO HAVE AhD TO NOLD 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 anyaiise impair,
~ alter or dirinish the effect, lien or encumbrance of the aforesaid
~ Mortgage on the remaining part of said mortgaged property not released
{ hereby, or any of the rights and remedies o~ the holder thereof.
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F~r t 2~4 PA~E 94V
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