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HomeMy WebLinkAbout0393 . rr 31.3~8;~ PARTIAL RELEASE OF MOR7GAGE ; 3 KNOW ALl MEN BY 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 Am~rica, Inc. to Continental ~ Mortga~e Investors, a Massachusetts Business 7rust, securing a5,100,000.00 and ~~ecorded in Offici_al Record Book 187, Page . 2405, et seq., Public Records of St. Luc1e County, Florida, encumbering certain lands in St. Lucie County, Florida therei_n more particularly described; as amended by Modification of Mortgage Deed, dated October 4, 1972, amending the sum secured by an additional principal indebtedness of a1,112,392.00 and also encumbering other lands in Po1k County, Florida, which Modification of htortgage 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 Barik to release the property herein~fter described, being a ~ part of the mortgaged premises, from the lien and operation of said mortgage; t~OW, THEREFORE, First National City Bank, in consideration of the premi ses and the sum of Fiv~e ~and ~t„~ ~red 00/100-=--- ~ DOLLARS ~;200.00 , t e receipt whereof is hereby ac nowledged, does remise, release, quit claim, exonerate and discharge from the lien and operation of said mortgage, unto the said mortgagor, its successors and assigns, that certain portion Qf the property conveyed by said mortgage more particularly described as follaws: - : ~ Section II y~~~ '-50~- a3i~~ (~DO/.~ ~ ~ ~ in that cerrain condominium knor~m as Outdoor Resorts ~ . ~ ' of America at Nettles Island, according to plat ~ ~ of Nettles Island Project recorded in Plat Book 16, ~ Pages 1 through 1(j) inclusive, and Declaration of Condominiu~~ recorded in Official Record Book 18b, Page 2724, as last amended in Official Record Book 192, Page 820, pu5lic records of St. Lucie County, Florida E ~ TO HAYE AND TO HOlD the same, r~ith the appurtenances, unto the said t~lortgagor, its successors and assigns, forever freed, exonerated and dlscharged of and from the lien of said ~~iortgage; provided, always, ; nevertheless, that nothing herein contained shall in an~n~!ise impair, ~ alter or diminish the effect, lien or encunbrance of the aforesaici ~ Mortgage on the remaining part of said mortgaged property not released s hereby, or any of the rights and remedies of the holder thereof. ~ € ~ - ~ ~ ~ ~ ~ ~ i ~ R ~ i ~ BOOK ~Z~. P~(~ ~ r~R 15(v ~ _ . r r~~ x ~ . x . ~~`-`~~~.v- ° ~i r ~-r~ .Mi r. . - ~ . 3+~~"~-~. ~c~` ,y~ - F _ :~~..~'=~Y'~;~~~.~. . _4 _ _ . _ .