HomeMy WebLinkAbout1157 i
' i;~~`'7~~~
,
~
PARTIAL REIEASE OF MORTGAGE
KNOW ALL MEN 6Y THESE PRESENTS:
WHEREAS. FIRST NATIONAL CITY 6ANK, 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 ConCinental ~
Mortgage Investors, a Massachusetts Business Trust, securing #
55,100,000.00 and recorded in Official Record eook 187, Page ~
2405, et seq., Public Records of St. Lucie 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 additlonat principal indebtedness of s1,112,392.00 and
also encunbering other lands in Polk County, Florida, 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
WHEREAS, Outdoor Resorts of America has requested First National
City Bank to release the property hereinafter described, being a
- part of the mortgaged premi ses , from the 1 i en and operati on of sai d
mortgage; •
NOW, THEREFORE, First National City Bank, in consideration of
the premises and the sum of Ten ~ousand s~v Fi & 00 00----
OLL RS
l0 075.00 , t e receipt whereof s ereby ac nowledged,
does rem~se, release, quit claim, exonerate and 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 502, 523 '1~'S-0 a-- S~O /-D(o g8 dOv/7
Secti on II ~~'o a--s
o!- o?0 9-o~/~
in that certain condominiun 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(j) inclusive, and Dectaration 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,
Florida
; TO HAVE AND TO HOLD the same, with t~ie 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 ;
Mortgage on the remaining part of said mortgaged property not released i
hereby, or any of the rights and remedies of the holder thereof.
,
seRK~9 PAGf1155
~ ~ R l~
- ` ; , i
> ~ _ . . '~....,.T ~ .