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SATISFACfION OF MORTGAGE
Gordon A. Taylor, Churchill G. Carey, John D.
Uible, Eugene L. Amber, J. C. Tyler, Jr.,-and John H. Rogers,
not individually, but as Trustees of Guardian Mortgage Investors, a Massachusetts
Business Trust, under Declaration of Trust dated March 2l, 1966, as amended, and
their respective successor Tr~~~tees under said Declaration of Trust (the foregoing
named Trustees being the duly appointed, qualified and acting Trustees of Guardian
Mortgage Investors as of the date hereof), with power under said Declaration of _
Trust and the Security Instrument hereinafter described to satisfy the Security ~
Instrument, hereinafter called the undersigned, the owners and holders of the ~
Security Instrument executed by Beach Club Development Corp. , a Florida
corporation, to Gordon A. Taylor, Churchill G. Carey, John D. Uible, ~
Eu,gene L. Amber, J. C. Tyler, Jr., and ~ohn H. Rogers, not individually, but ~
as Trustees of Guardian Mortgage Investors, a Massachusetts business trust,
bearing date the_ 2nd day of May , 1974 , recorded in
Official Records Book 226, page 2942, in the Office of the Clerk
of the Court of St. Lucie County, Florida
~ecuring note in the principal sum of Six Million Two Hundred Thousand and ~
no/100-------------------- Dollars 6, 200, 000. 09 and certain promise~ :
and obligations set forth'in the Security Instrument (the "Indebtedness"), upon
the property situate in said State and County described as follaws, to wit: ;
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See Exhibit A attached hereto and made a ~
part hereof. ~
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hereby acknowledge full payment and satisfaction of the Indebtedness and the
Security Instrument, and surrender the same as cancelled, and hereby authorize -
the Security Instrinnent to be cancelled of record.
i The name Guardian Mortgage In~•estors is the designation of the Trns~ees
~ for the time being under Declara[ion of Trust dated March 29, 1966, as amended.
j This instrwnent is executed in the name of and on behalf of the Trustees of
; Guardian Mortgage Investors by one of the Trustees of the Trust (or attorney for
E the Trustees), duly authorized, in his capacity as such and not individually, under ~
~ the aforesaid Declaration of Trust. Obligations of the Trust in the name of the
~ Trustees or the Trust alone shall be understood and expressly stated not to be =
; binding upon any of the Trustees, shareholders, officers or ager.ts of the Trust,
~ personally, but binding only upon the trust estate of Cuardian Mortgage Investors.
; All persons dealing with Guardian Mortgage Investors must look solely to the
~ Trust property for the enforcement of any claims against Guardian Mortgage Investors. ~
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IN WITNESS '~fiiEREvF, the undersigned have caused these presents to be ~
executed under seal in their name, an th e trust seal be hereun o affixed by
~ a Trus tee duly aur_hori zed, the day of ~ , 19 ~ 5.
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~ Signed seal and 'vered ~
~ i e p e e ~
~ Gordon A. Taylor, Churchill G. Carey, ~
~ John D. Uible, Eugene L. Amber,
~ • J. C. Tyler, Jr., and John H. Rogers,
~i + Not individually, but as Trustees of
~ - Guardian Mortgage.~stors as aforesaid
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~ BY ~'L'-i'-~iL'~« ~ ~'3~" (SEAL)
~ A Trustee as aforesaid, or Attorney
u for the Trustees, duly authorized to
~ execute Lhis instrument in the name
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~ of all Trustees
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~ TMIS INSTRUMENT P~~~
~ ~HARItY M. WIISON. 111 0 ~'~f
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