Loading...
HomeMy WebLinkAbout0625 . ~ ~ ~ ~ ~ . ~ ~ ~ _ ' PARTIAL RELEASE OF MORTGAGE ~2~~~ ~ Kt~lOW A~L MEN BY THESE PRESENTS: . ~ , WHEREAS, 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 assignn~nt of the follo~~ng martgages and the notes secured thereby, to-wit: . A mortg~ge deed, executed the 14th da~y of Octaber, 1970, by Outdoor Resort~ of America, Inc..to Continental ~ Mortgage Investors, a Massacfwsetts ~usiness Trust, securing ~5,100,000.00 and recorded in Official Record Book 187, Page - 2405, et seq., Public Recards of St. Lucie County, Florida, - enc~nbering certain lands in St. Luc1e County, Florida therein - ~ more particularly described; as amended by NEodification of Mortgage Deed, dated October 4, 1972, amending the s~an secured by an additional princi pal indebtedness of ;1,112,392.00 and ~ _ also encunbertng other lands in Polk County, Florida, which Modification of Mortgage ~ed was recorded in Offi~ia~ Record - ~ 6ook 207, Page 867, et seq., Public Records of St. Lucie County, Flarida, and as further amended by Mortgage Modifica- tion and Extension Agreement, dated June 27, 1973 and recorded in•Official Record Book 216, Fage 265, Public Records of St. Luci.e County, Florida; and - MHEREAS, Outdoor Resorts of America has requested First National City Bank to release~the property hereinbfter described, being a part of the mortgaged premises, fram tfie lien and operat~~~ of said ~ mortgage; ~ . NON, THEREFORE, Fi rst N~ti onal Ci ty Bank , i n consi derati on of ~ the premises and the swn of 0 , , t e rece pt ereof s here y ac nowledged, does rem~se, release, quit claim, exonerate and dtscharge fran the lien and operation.af said mortgage, unto the said mortgagor, its successors and a~signs, that certain portion of the property conveyed - by said mortgage more particularly described as follows: Lot See Afi,tccched I.i,d~t j ~ Section . f in that certaln condominiun known as Outdoor Resorts ' of America at Nettles-Island, accordir~g to plat f of Nettles Island Rro3ect recorded in Plat Book 16, ~ ~ Pages l through 1(3) inclusive, and Declaration of . Condominium recorded in Official Record Book 186, ~ Page 2720, as last amended 1n Official Record Book 192, Page 820, public records of St. LLC1e County, Florida _ ~ TO:HAVE AND TO HOLD the sames with the appurten~nces~, unto the said Mortgagor, its su~~essors and assigns, forever freed, exonerated and discharged of and from the lien of said Mortgage; provided, always, -nevertheless, that nothing herein contained shall in anywise fmpair, alter or diminish the effect, lien or encun~rance of~ the aforesaid ~ Mortgage on the remaining part of said mortgaged property not released _ ~ hereby, or ar~y of the rights and remedies of the holder thereof. ~ ~ , ~ ~ ~ . $ ~ ~ - - t ~ ~ - , ~ ? - ~ . . ; . ; z _ F~~ ~ - ~ ~ ~ _ _ ~ ~ ~ . w~~ _ _ ~r~ . ~ ~ : _ .