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HomeMy WebLinkAbout2928 , ~ . f s ~ ~ PARTIAI RELEASE OF MORTGAGE t , , _ KNQW ALL MEN BY THESE PRESENTS: WHEREAS, FIRST NATIONAL CITY BANK, a nationai banking associa- tion organized under the laws of the United States of America, is . now the owner and holder by assignment of the follo~ing mortgages and the notes secured thereby, to-wit: . A mortgage deed, executed the.l4th day of October, 1970, by Outdoor Resorts of America; Inc. to Continental . Mortgage Investors, a Massacf~usetts Business Trust, securing ~ a5,100,000.00 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 Modiftcation of ~ Mortgage Deed, dated October 4, 1972, amending the sum secured by an add9tional princi Pal indebtedness of =1,112,392.00 and also encunberi ng other 1 ands i n Pol k County, Fl ori da, whi ch . • Modification of Mortgage Deed was recorded in Official Record ~ Book 207, Page 867, et seq., Public Records of St. Luc1e - County, Florida, and as further amended by Mortgage Modifica- tlon and Extenston Agreement, dated June 27, 1973 and recorded in Official Record Baok 216, Page 265, Public Records of St. Lucie County, Florida; and - ~ `~S~v~ - 5G'~ lL% ` c~ ~ c;~ ~iHEREAS, Outdoor Resorts of America has requested First National City Bank to release the property hereinafter described, being a ~ part of the mortgaged premises, fran the lien and operation of said mortgage; ~ ~ ~ NOW, THEREFORE, First National City Bank, in consideration of ~ the premi ses and the sum of Fiv~e ~ousar~d Zt,a~ ~~ur~dred & 00 00------ ~ . DOL RS 5,20 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 826 ~ Section u - ~ i ~ in that certain condominium known as Outdoor Resorts ~ of America at Nettles Island, according to plat ~ of Nettles Island Pro3ect recorded 1n Plat Book 16, p Pages 1 through 1{3) inclusive, and Declaration of ~ Condomini~on 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 Mortgagor, fts sufcessors and assigns, forever freed, exonerated : and discharged o and rom the lien of said Mortgage; provided, always, ~ nevertheless, that nothing herein contained shall in anywise impair, ~ alter or diminlsh the effect, lien or encunbrance of the aforesaid ~ ~ Mortgage on the remaining part of said mortgaged property not released ~ here6y, or any of the rights and remedies of the holder thereof. ~ - ~ ~ ~ ~ ~ ~ . E ' ~ ~ i k . ~ i ~ 600K 242 P~~E 2930 ~ ~ - ~3~..- ~ ~SS~~ _ ~ ~ ~ i- 4 ~ . ~ . - ~"~'~4E,~L:."h_r~' _ £ _ .