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PARTIAI RELEASE OF MORTGAGE
KNOW ALL MEN BY TNESE PRESENTS:
MIHEREAS, 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 da4y of October, -
1970, by Outdoor Resorts of America, Inc. to Continental
Mortgage Investors, a Massachusetts Business Trust, securing
~5,100,000.00 and racorded in Official Record Book 187, Page
2405, et seq. , Public Records of St. Lucie Gounty, Florida,
encumbering certain lands in St. Lucie County, Florida therein _
more particularly described; as amended by Modlfication of
Mortgage Deed, dated October 4. 1972, amending the sum secured
by an additional principal indebtedness of s1,112,392.00 and
also encunbering other lands in~'Polk County, Florida, rrhich
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
1n Official Record Book 216, Page 265, Public Records of St.
Lucie County, Florida; and
WHEREAS, Outdoor Resorts of Amertca has req uested 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 premises and the swn of
, e rece pt w ereof s ere y ac nowledged,
does rem se, re ease, 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 673 ~ `
I Secti on I I
~ in that certain condomini~n known as Outdoor Resorts
, of America at Nettles Island, according to plat
~ of i~ettles Island Pro~ect recorded in Plat Book 16,
~ Pages 1 through 1(3) incluslve, and Declaration 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,
Fl ori da
70 NAVE AND TO HOLD the same, with the appurtenances, unto the
said Mortgagor, its successors and assigns, forever freed, exonerated
and discharged of and fram 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
~ hereby, or any of the rights and remedies of the holder thereof.
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