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PARTIAL RELEASE OF MORTGAGE
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KN(f~i All MEN BY THESE PRE~.ENTS :
NHEREAS, FIRST NATIONAL CITY BANK, a national banking associa-
tion organized under the laws of the United Stat~s af M~er9ca, is
now the owner and holder by assignment of the following mortgages ~ +
and the notes secured #hereby, to-wit:
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A mortgage deed= executed the 14th day of October, _
19TO, by Outdoor Resorts of /~mmerica, Inc. to Gontfnental
Mortgage Investors, a Massachusetts Business Trust, securing
~ 55,100,000.00 and recorded in Official Record Book 187, Page
2405, et seq., Public Records of St. Lucie CounLy, Florida,
encumbering certain lands in St. Luc1e County, Florida ~herein
more particularly described; as amended by Modification of
Mortgage Deed, dated October 4, 1972, amending the sum secured
_ by an additional principal indebtedness of =1,112,392.00 and
also encunb~ring other lands fr~ Po1k County, F~orida, whfch .
~ Modiftcation of Mortqage 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 Modlfica- ~
tion and Extension Agr~eement, dated June 27, 19T3 and recorded
in Official Record Book 216,-Page 265, ~ublic Records of St.
- Lucie County, Florida; and
NHEREaS, Outdoor Resorts af Amerlca_has requested First National
City 8ank to release the property hereinafter described, being a
part of the mortgaged premises, from the lien and operation of said
mortgage; . .
t~OMI ~ THEREFORE, Fi rst Nati onal Ci ty 6ank, i n consi derati an of
tne premises and the sum of •
LLAR
5 200.00 , e rece pt ereof s he - y ac r~arledged,
. dces remise, release, quit cTaim, exonerate and dischar~e fran the
lien and operation of said mortgage, unto the said mortyagor, its
successors and assigns, that certain portion of the property conveyed
by said mortgage more particularly descrlbed as folloNS:
Lot 522 - ~s~a - 57~~- D~r~B't~~/~
Secti on I I ar
in that certain condomin~un known as Outdaor Resorts
of America a~ Nettles Isiand, according to plat
of Netties Isiand Project recorded in Plat Book 16,
~ ~ages 1 through 1(3) inclusive, and Declaration of
Condaniniun record~d in Official Record Book 186,
Page 2720, as last amended in Official Record Book -
~ 192, Rage 820, public records of St. Lucie Cou~ty, ~ ~
Fl ori da - .
TO HAVE AND TO HOID tha same, with the appurtenances, unto the
said Murtgagor, fts successors and assigns, forever freed, exonerated "
and discharged of and from the lien of said Mlortgage; provided, always,
nevertheless, that nothing herein contained shail in anywise impatr,
- alter or dim#nish the effect, lien or encunbrance of the aforesaid
Mortgage on the remaining part of said mortgaged property not released
hereby, or a~y of the rights and remedies of the hojder thereof.
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