HomeMy WebLinkAbout0204 ~~41 ~52
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lP _ PARTIAL RELEASE OF MORTGAGE ~
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!~~l~! A! ! M~~! ~Y ~lESE PRESENTS: . ~
iIHEREAS, FIRST NATIONAL CITY 6ANK, 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 mortgages
and the notes secured tt~e~~~J, taa~it:
A mortgage deed, executed the 14th day of October,
1970, by Outdoor Resorts of America, Inc. to Continental
Mortgage Investors, a Massachusetts Business Trust, securing
=5,100,000.00 and recorded in Official Record Book 187, Page
2405, et seq., Public Records of St. Lucie County, Florida,
encwnbering certain lands in St. Lucie Courtty, Florida therein -
more particularly described; as amended by Modification of
Mortgage Qeed, 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, 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, fram the lien and operation of said
mortgage;
NOW, THEREFORE, First National City Bank, in consideration of
the premises and the sum of Tw n Thnicand Fnur H~~nd .ElYe
and 00 100-----------------
--~-~--x----------------------- OLLARS
75.00 , t e rece~pt whereof is hereby.acknowledged,
does rem~se, release, quit claim, exonerate and discharge from the • ;
lien and operation of said mortgage, unto the said mortgagor, its
successon and assigns, that certain portion of the property conveyed
by said mortgage more particularly described as follows:
' Lot 362, 918, 1140
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in that certain condominiun known as Outdoor Resorts
E of America at Nettles Island, according to plat
~ of Nettles Island Project recorded in P.lat Book 16, .
Pages 1 through 1(~) inclusive, and Declaration of
Condominiun recorded in Official Record Book 186,
Page 2720, as last amended in Official Record Book
192, Page 820, public records of St. Lucie County,
Fl 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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