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PARTIAL RELEASE OF MORTGAGE ~
KNOW AL~ MEN BY TNESE PRESENTS: ,
WHEREAS, FIRST NATIONAL CITY BANK, a national banking associa-
tion orqanized 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 Trust, securing ~
55,100,000.00 and recorded in Official Record Book 187, Page ;
2405, et seq., Public Records of St. Lucie County, Florida,
encumbering certain lands i.n St. Lucie County, Florida.therein ~
more~particularly described; as amended by Modification of
Mortgage Deed, dated Octobcr 4, 1972, amending the sum secured
by an additional principal indebtedness of ~i,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, from the lien and operation of said
mortgage; . ~
MOW, THEREFORE, First National City Bank, in consideration of ~
the premises d11d the Sut11 Of Fnur 7hnusanrl Seven_ N~mdrPd TwPlve and
50 100----------------------------~-----------------------0OLLARS ~
4,712.50 , the 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 ~
successors and assigns, that'certain portion of the property conveyed
; by said mortgage more particularly described as follows:
~
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; Lot 189 - _ ,
~ Section II - :
in ~hat 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~an rec~ '°d 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 NAYE AND TO HOLD the same, with the appurtenances, unto the M;
said Mortgagor, its successors and assigns, forever freed, exonerated
and discharged of and fran the lien of said Mortgage; provided, always,
- nevertheless, that nothing herein contained shall in anywise impair,
alter or diminish the effect, lien or enc~nbrance 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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