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HomeMy WebLinkAbout0291 ~ . . 305033 PARTIAL RfLEASE OF MORTGAGE KNOW ALL MEN 6Y THESE PRESENTS: WHEREAS, FIRST NATIONAL CITY BANK, a national banking associa- tion 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 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 6usiness Trust, securing s5,100,000.00 and recorded in Official Record Book 187, Page 2405, et seq. , Public Records of St. Lucie County, Florida, ` encumbering certain lands in St. Lucie County, Florida therein more particularly descrlbed; as amended by Modification of Mortgage Deed, dated October 4, 1972, amending the sum secured by an additional pri~cipal indebtedness of ~1,112,392.00 and also encunberinq other lands in Polk County, Florida, which Modificatlon of Mortgage Deed was rec~rded in Official Record Baok 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, 19/3 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, Fi rst Nati onal Ci ty Bank, i n consi derati on of the premises and the sum of LL RS ' ',^t~e'receipt ' ereof s ere y acknowledged, does rem se, r~ ease, quit claim, exonerate mnd discharge fram 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: Lot 968 ~SlSo~ - 50 5~ 004~9 Secti on I I ' ; in that certain condominiwn known as Outdoor Resorts ` ; of America at Nettles Island, according to plat ! of Nettles Island Pro3ect recorded in Plat Book 16, - ~ Pages 1 through 1(3) inclusive, and Declaration of ; Candominiun 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 dlminish the effect, lien or enc.unbrance of the aforesaid ; Mortgage on the rematning part of said mortgaged property not released ~ hereby, or any of the rights and remedies of the holder thereof. ~ ,x - ~ ~ ~ ~ - ~ ~ ~ ~ ~ ~ ~ BOOK ~JO PACE ~91 ~ ii . ; ; ~ _ _ K - ~ ~.~~.~r: ~ : Y` ` x -~m~ : ~ = ;