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_ 313~81
PARTIAL RELEASE OF MORTGAG~ 3
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KNOW ALL hIEN BY THESE PRESEN7S: ~
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WHEREAS, FIRST NATIONAL CITY BANK, a national banking assocta- ~
tion organized under the laws of the United States of America, is
no~r the owner and holder by assignment of the followin9 mortgages ~
and the notes secured t~ereby, to-~~it: ~
A~mortgage ~e~d, executed the 14th day of October, ~
1970, by Outdoor Res~r~ts of America, Inc. to Continental
~lortgage Investors, a h~assachusetts Business Trust, securing
, ~5,100,000.00 and record~d 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 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 enc~mbering-other lands in Polk County, Florida~, which
Modification of htortgage Deed was recorded in Official Record
6ook 207, Page 867, et seq., Public Records of St. Lucie
- County, Florida, and as further amended by Mortgage Modifica-
tion and Extension A4ree~~nent, 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 prope?^ty hereinafter described, being a
~ part of the mortgaged premises, from the lien and operatian of said
mortgage; -
NOW, THEREFORE, First t~ational City Bank, in consideration of
the premises and the sum of - ;
& 00 100- OLL RS
4 875.00 , t e receipt whereof is hereby acknowledged,
does remise, release, quit claim, exoijerate and discharge fran the 4
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:
Secti on II 'y~0~ - 50/ - 0.36 b OD// :
; in that certain conde~inium kno:•m as Outdoor Resorts
:of America at Wettles Island, according to plat
Ij of Nettles Island Project recorded in Plat Book 16,
~ Pages 1 through 1(j) inclusive, and Declaration of
Condomini~.~n 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 NAVE AND TO HOLD the same, with the appurtenances, unto the
~ said hlortgagor, its succ~ssors and assigns, forever freed, exonerated
~ and discharged of and fro.n the lien of said Mortgage; pt~ovided, al~rays,
~ nevertheless, that nothing herein contained shall in an}n~~ise impair,
alter or diminish the effect, lien or encunbrance of the aforESaid ~
~ Mortgage on the remaining part of said mor•tgaged property not released r
~ hereby, or any of the rights and remedies of the holder thereof.
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