HomeMy WebLinkAbout0206 . - - ~ ~ _
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PARTIAL RELEASE 0~ MORTGAGE ~ ;
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KNOW ALL MEN BY THESE PRESENTS: . ~
YHE~EAS, fIRST NATIQNAL CITY @ANK, a national banking ass~cia- ~
tion organized under the laNS of the United States of America, is
now the amer and holder by assignment of the follo~ring mortgages ~
and the notes secured thereby, to-wit:
A m~rtgage deed, exec~ted the 14th day of October, -
1970, by 0utdoor Resorts of M~erica, Inc. to Continental
Mortgage Investors, a Massachusetts susihess Trt,st, secu~ing
~5,1W,000,00 and recorded in Offlcfa2 Record 8ook 187, Paye ~
2405, et seq., Public Recards of St. lucie County, Florida,
- encwnberi ng certai n 1 ands i n St. Luci e County, F1 or1 da tl~erei n
more particularly described; as amended by Modification of
Mortgage Desd, dated October 4, 19?2, amending the sum secured
by an additional prin~ipal indebtedness of =1,112,392.00 and '
also encunbering other lands in Poik ~ounty, Florida, which
Modification of Mortgage Deed was recorded in Offlcial Record
6ook 207, Page 867, et ssq., Publfc Records of St. Lucie -
County,~Elorida, and as further ame~d~d by Mortgage Modifica-
tion and Extension Agre~ment, ciated June 27, 1973 and recorded
in Official Rxcord Book 216, Page 265,_Public Records of St.
Lucie County, florida; and
WHEREAS, Outdoor Res~rts of America has req uested First National
City Bank to reiease the property hereinafter-described, being a
part of the mortgaged premises, fram the lien and operat~on of said
rnortgage; _ . _ -
NQM. THEREFORE, First National City Bank, in consideration of
the premi ses and the swn of Four Thnusand F' ht Nundrprl Sra '
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4 , t e receipt whereof s hereby ac nowiedged,
dces remise, release, quit claim, exonerate and discharge fraa~ the
lien and operation of said mortga~e, unta the said mortgagor, its -
successors and assigns, that certain portion of the property conveyed ~
by safd mortgage more particu~arly described as follo~rs:
Lot 66g ' h
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Section TI
in that certain condominiun knawn as Outdoor Resorts ~
of America at Nettles Island, according to plat
of Nettles Island Pro3ect recorded in Plat Book 16,
Pages 1 through 1(~) inclusive, and Declaratian of
Condominfu~ recorded in Official Record Book 186, ~
Page 2720, as ]ast amended in Official Record 6ook ;
192, Page 820, publ i c records of St. l.uci e County,
florida
TO HAVE AND TO NOLD the sar,~e, with the appurtenances, unto the ~
said Mortgagor, its successors and assigns, forever freed, exonerated '
- and discharged of and fram the iten of said Mortgage; provided, always,
nevertheless, that nothing herefn contained shall in a~ynrise impair,
alter or d~minlsh the effect, lien or encunbrance ~f the aforesaid
Mortgage on the remaining part af said mortgaged praperty not released
hereby, or any of the rights and remedies of the holder thereof.
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