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PARTIAL RELEASE OF (~ORTGAGE _ a3~s4/~~ - .
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KNOW AI,L MEN 6Y THESE PRESENTS: ~
MIFIEREAS, FIRST NATIONAL CITY BANK, a national banking associa-
tlon organized under the laws of the United States of M~erica, is
now the owner and holder by assignment of the following mortgages
and the notes secured thereby, to-wit:
• A mortga~ge deed, executed the 1~4th dny of October,
1970, by Outdoor Resorts of America; Inc. to Continental
Mortgage Investors, a Massachusetts Business Trust, securing
s5,100,000.00 and recorded in Official Record Book 187, Page
2405, et seq., Public Records of St. Lucie County, Florida,_
encumberi ng certal n 1 ands i n St. Luci e County, arf ~a t,';ar~i n~
anore particularly described; -as amended~ by Modification of
Mortgage Deed. dated October 4, 1972, amending the swn secured ~
by an additional principal indebtedness of 51,112,392.00 a~d
also encunb~~i~~ ~th~r 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 . ~
~ MNEREAS, Outdoor Resorts of America has r~quested 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 8ank, in consideration of
the premises and the sum of
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, t e receipt whereof s ere y 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 describ d as follows:
. ~sC~~-sz~/ clr~~l~-~''~``C'~ ~ -
Lot 510, 554, 640, 1175
Section II ~~~o~- ~~~L~• ~C~'~~
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(3) inclusive, and~Declaration of
I' Condominiun recorded in Official Record Book 186,
' Page 2720, as last amended in Official Record Book
~ 192, Page 820, public records of S Lucie C unt , ~ 7
Florida '~C'o?- ~ ~ /
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~ TO HAVE AND TO NOLD the same with the b u~nances~ 'un
o~the
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~ said Mortgagor, its successors and assigns, forever freed, exonerated
~ and di scha ed of and fr~m the l i en of sai d Mortg age; provi ded, alwa s,
; nevertheless, tF~at nothing herein contained shall in anywise impair,y
C alter or diminisfi the effect, lien or encunbrance of the aforesaid
~ Mortgage on.the remaining part of said mortgaged property not released
; hereby, or any of the ri ghts and remedi es of the hol der thereof .
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