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~ i PARTIAL RELEASE OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, FIRST NATIONAL CITY BANK, a national banking associa-
tlon organized under the laws of the United States of America, is ~
now the owner and holder by assignment of the following mortgeges ~
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 7rust, securing
55,100,000.00 and record~d in Official Record Book 187, Page
2405, et seq., Public Records of St. Lucie Gounty, Florida, ~
encwnbering certain lands in St. Lucie County, florida therein
aare particularly described; as amended by Modification of
Mortgage Deed, dated October 4, 1972, amending the sum secured
by an additional principal indebtedness of E1,112,392.00 and
also encunbering other lands in Polk County, Florida, which
~ Modification of Mortgage Deed was recorded in Official Record
Book 207, Paqe 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, F~ nt National City Bank, in consideration of
the premises and the sum of F~ft,y Thoucaod Twn_ ' -
OL RS
50.281.06 , t e receipt whereof is hereby acknowledged, ~
.-does remise, release, quit claim, exonerate and discharge~fran the '
lien and operation of said mortgage, unto the said mortgagor, its
G y-successon and assigns, that certain portion of the property conveyed
by said mortgage more particularly described as follows:
~
Lot 88,544,639,645,689,954,960,985,1142
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 16,
~ Pages 1 through 1(j) inclusive, and Declaration of
Condomini~en recorded in Official Record Book 186,
Page 2720, as last amended in Official Record Book ~
192, Page 820, public records of St. Lucie County,
F1 ori da
~ 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 encunbrance of the aforesaid
Mortgage on the remaining part of said mortgaged property not released :
hereby, or any of the rights and remedies of the holder thereof.
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