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' ~ ~PARTIAL RELEASE 0~ MORTGAGE
. KN~ ALL I~N 6Y THESE PRESENTS: -
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NHEREAS,~FIRST NATIONAL CITY BANK, a natianal banking assacia- ~
tion organi=ed under the laws of the United Sta~es of Amerlca, is .
naw? the owner and holder by assignment of the following mortgages
and the notes secured thereby, to-wit:
A mortgage deed, executed the 14th da~y of O~tober, .
- 1970, by Qutdoor Resorts of America, Inc. to Continental
~ Mortgage Investors, a Massachusetts~Business Trust, securing ~
35,100,000.00 and recorded in Official Record Book 187, Page .
2405, et seq.; Public•Records of St. Lucte County, florida,
encunbering certain lands in St. lucie County, Flarida therein
- ~ more parti cul arly described; as amended by Modi ff cati on of
Mortgage Deed, dated 4ctober 4, 1972, ainending the sum secured
~ by an additional princi pal indebtedness of s1,112,392.00 and
~ ~ also encunbering other lat~ds 1n Polk County, Florida, wi~ich
_ Modification of Mortgage Deed was recorded in Official Record~
~ook 207, Fage 867, et seq., Pubiic Records.of St. Lucie
- County, Florida, and as fur~ttier amended by Mortgage Modifica-
tion and Extension Agreement, d~ted June 27, t973~and recorded
in Official Record Book 216, Page 265, Public Records of St. ~
Lucie County, Flarida; and _
, 1~1EREAS, Outdoor Resorts of America has requested First National ~
City 6ank to release~rthe property hereinafter described, being a
part of the mortgaged premises, from the lien and operation of said ~
mortgage; - ~ • ~
NON, TNEREFORE, First National City Bank; in consideration of
the premises and the s~an of Nine Thous nd Fo r Hundred Twent Five ~
&.00/100-------------------------------------------- p~ •
. , t e receipt ereof s ereby acknowledged,
does rem~se, release, quit claim,~exonerate and discharge fran the
. l~en and operatlan of said mortgage, unta the said mortgagor, its
- successors and assigns, that certain portion of the praperty conveyed ~
by said mortgage more particularly described as fallows:
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i tot 528, 530 ` ~ ,
~ Secti on I I
in that certaln condominiun known as Outdoor Resorts
~of America at Nettles Island, according to plat ~
of Nettles Island Pro~ect recorded in Plat Book 16,~
Pages l through 1t3) inclusive, and Declaration of -
~ Condominiun recorded~in Official Record Book 186, .
Page 2720, as last amended in Official Record Baok
~ 192, Page 820, public records of St. Lucie County,
~ Florida
TO NAYE AND TO HOLD the same, with the appurtenances, unto the _
said Mortgagor, 1ts successors and assigns, forever freed, exonerated ~
and dischar~ed of and from the lien of said Mortgage; provided, always,
~ - r~f=~~Pr*hetess, tl~at nathing here~n contained shall ~n anywise impair,
alter or diminlsh the effect: lien or encun~rance of the aforesald
~ Mortgage on the remaining part of said mortgaged property not released
~ hereby, or any of the rights and remedies of the hol~er thereof.
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