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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
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, 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.
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