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HomeMy WebLinkAbout0809 ~ i PARTIAL RELEASE OF MORTGAGE KNOW ALL MEN 6Y THESE PRESENTS: - ~tHEREAS, 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 assignme~t 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 ~5,100,000.00 and recorded in Official Record Book 187, Page 2405, et seq., Public Records of St. Luc1e County, Florida., encumbering certain lands in St. Lucie County, Florida therein 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, Fiorida, 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 . WNEREAS, 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; NQN, THEREFORE, First National City Bank, in consideration of the premises and the sum of • - - - LL - - , t e receipt whereof s ereby ac nowledged, dces remise, release, quit claim, exonerate and discharge fram 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: I' - ~so~-so/-iO~o-Ovo/G~ LOt 874, 1143 ~ ~ Secti on II ~l~O~ - SOl -/3~ D- Ooa~U 1 E in that certain condominiwn known as Outdoor Resorts ~ ~ of America at Nettles Island, according to plat : ~ of Nettles Island Pro~ect recorded in Plat Book l6, - ; ~ Pages 1 through 1(3) 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, F1 ori da ~ 70 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 ~ ~ Mortgag~ on the remaining part of said mortgaged property not released ' ~ hereby, or any of the rights and remedies of the holder thereof. ~ . :f - ~3 ~ r4-~ ~ ~ +~x ~ ~ ~ s°o~~ 2~$ PacF ~ ~ - ~ u _ _ - t ,s . ~ ~ye ~ Y. :