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PARTIAL RELEASE OF MORTGA6E
KNON ALL MEN BY THESE PRESENTS:
NHEREAS, FIRST NATIONAL CITY BANK, a naticnal banking associa-
_..a ?~a ~!W! nf ti~a Ilni tR~l StatPS of Ameri ca . i s
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b~V~~ V~ yY~~~r~.v v~i•.....
~ now the owner and holder by assignment of the following mortgages
and the notes secured ther~eb
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-_to-wi t:.
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A mortgage deed, executed the 14th day of October,
1970, by Outdoor Resorts of America, Inc. to ~ontinental
Mortgage Investors, a Massachusetts Business Trust, securing
s5,100,000.00 and recorded in Official Record Book 187, Page
2405, et seq., Public Records of St. Luc~e County, Florida,
encwnberi ng certai n 1 ands i n St. Luci e County, Fl ori da therei n
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
. Mod~ t~ cati on ot Mortgage ueed was recoi-uc~ ~r`i a~ ~~ca~
~
~ 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, 1473 and recorded
~ in Official Record Book 216, Page 255, Public Records of St.
Lucie County, Florida; and
WHEREAS, Outdoor Resorts of America has requested First National
Cfty 8ank to release the property hereinafter described, beinq a
part of the mortgaged premi ses , from the 1 i en and operati on of sai d-
mortgage;
NOW, TNEREFORE, First Nationai City Bank, in cons3a~ra~ion af
the premises and the sum of Five Thousand Two Hundred and 00/100----
-------------------------------------------------DOLL RS '
5 00.00 , t e receipt whereof is hereby ac nowledged,
does remise, release, quit claim, exonerate and discharge fram the
' lien and operation of said mortgage, unto the said mortgagor, its
j successors and assigns, that certain portion of the property conveyed
; by said mortgage more particularly described as follows:
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~ Lot 115 ~
~ Section II
~ in that certain condominiwn known as Outdoor Resorts
~ of America at Nettles Island, according to plat
of Nettles Island Project recorded ~n Plat Book 16,
~ Pages 1 through 1(j) 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 E
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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 htortgage; 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 remaini,ng part of said mortgaged property not released
- hereby, or any of the rights and remedies of the holder thereof.
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~ BOOK~~JV PACE ~
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