HomeMy WebLinkAbout1656 • ~ THIS INSTRUMENT PR~PARED BY:
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~njMj~ ~s DO"SCN A~tD JC~r~NSON, INC. ~
3! 1 FI~S PA~K BOULEV~RD ~
NASHViLLE~ TENNESSEE 37217.
PARTIAL RELEASE OF MORTGAGE
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KNOW ALL MEN BY THESE PRESENTS:
WHEREAS~ FIRST' NATIONAL CiTY BANK, a nationai banking association orgc~ized €
under the laws of the Unibd States of Ame~icc, is now the owner and holder by
auignment of-the following mortga9es and the notes secured thereby, to-wit: F
~ A mortgage deed, executed the 14th day of October, 1970, by Outdoor :
Resorts of Ame~ica, inc., b Continental Mortgage Invesbn, a Mcssa- ~
chusetts Business T~rust, securing s5,100,000.00 cmd recorded in Official
Record Book 187, Pc~ge 2406, et seq., Public Reoords of St. Lucie County,
Florida, encumbering certain lands in . St. Lucie County, Florida, therein
more particulcriy described; as mnended by Modification of Mortgage Deed,
dated Octobe~ 4, 1972, amending the wm secured by cn additional prin-
cipal indebtedneu of ~1,112,392.00 and also encumbering other lands in
Polk County, Floridn, which Modification of Nbrtgage Deed was recorded
in Offecial Record Book 207, Page 867, et seq., Public Records of St. Lucie
County, Florida, and as further- amended by Mortgage Modification and Ex-
tension Agreement, dated J~me 27, 1973, and recorded in Official Reoord
Book 216, Page 275, Public Records of St. Lucie County, Florida; a~d
WHEREAS, Outcbor Resorts of American has requested First National City Bank b release
the property her+einaker dascribed, beireg a port of the mortgaged pramises, from the lien
c~nd operation of said mortgage;
1ur1W THFRFFnRE_ First- Nationa~ City Ba~k, in consideration of the premises and the
wm of ONE DOLLAR, the receipt whereof is hereby acknowledged, does remise, reiease, -
quit claim, exonerate and discharge from the lien and operation of wid mortgage, unto
the said mortgagor, its wccessors and assigns, that certain portion of the property con-
veyed by said mortgage -more pairticularly described as. _fol lows:
All that part of T~act T-3, Section 2 of the Nettles Island P~vject as recorded in Plat ~
Book 16, Pages 1-A thrcugh 1-J in the Public Rec+rds of St. Lucie County, Flo~ida; f
more particularly described a~ beginning at the Southeasterly come~ of the afioresaid ~
~ Tract T-3; thence o
rom the point of trve beginning, n?n S. 7do30'00'~ W. 228.04 feet;
thence nm N. 19 30'00" W. 166.38 feet; thence run N. 24 11 59 E. 40.00 feet
~ ~ to a point of curvature; thence nm along the arc of a curv~e concav~e Northw~este~ly
amd hwing a radius of 128.23 feet an arc distance of 64.25 feet and a chord bearing
and distance of N. 9°50'44" ' E. 63.58 feet b the point of tangency; thence n~n N.
4° 30'32" W. 64.63 feet b a point of curvature; thence run along the arc of a curve ;
concave Southeast~erly and having a rodius of 34.00 feet an arc distance of 51.87 fieet ~
and a cho~d bearing and distance of N. 39° 11' S3" E. 46.99 feet b a point of reverse ~
curve; thence run along the arc of a curve conccve Northerly ~d having a radius of
691.18 feet an ar+c distance of 94.84 feet and a chord bea~ing and distance of N. 78°
58'28" E. 94.76 feet; thence run N. 75°02'37" E. 18.71 feet; thence run S. 19°30'00"
E. 322.11 feet to the point of tnie beginning and containing 1.53 acres more or leu.
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TO HAVE AND TO HOLD the some, with the appurtenances, unto the said Mortgagor,
its wccessor and assi~s, forever freed, exoneroted and discharged of and from the lien
of said Mortgage; pr+~vided, always, nevertheteu, that nothing herein contained shall in -
~ anywise impair, alter or diminish the effect, lien or encumbrance of the aforesaid Mortgage
on the remaining part of said mortgaged pr+operty not released he~eby, or any of the rights
and remedies of the holder thereof.
This instrument. also releases the hereinabove described p~perty from those Financing ~i
Statemenh necorded in Official Reoord Book 210, Page 1833 ~d Official Record Book #
214, Page 2549, public records, St. Lucie Co~ty, F[orida.
~ s~oK ~4 Pact ~656 ~
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