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PARTIAi. REIEASE OF MORTGAGE
~ KNOW AL:. MEN 6Y THESE PRES~KTS:
NHEREAS, FIRST NATIONAL CITY BANK, a national banking assoc9a-
tioh organized under the laws of the United S~ates of America, is
now the owner and holder ~y a~signment of the following mortgages
and the notes secured.thereby, to-wit: •
A n~ortgage deed, executed the 14th day of October,
1970, by Outdoor Resorts of America, Inc. to Continental
Mortgage Investors, a Plassachusetts Busin~ss Trust, securing
5~,100,000.00 and recorded in Official Record Book 187, Page
2405, et seq., Pu~lic Records of St. Luc1e County, Florida, - ~
encumbering certain lands in St. Lucie County, f~orida therein ;
more particularly described; as amended by Modification of
Mortgage Deed, dated October 4, 1972, amending the sum secured.
by an additional principal indebtedness of :1,112,342.00 and
also encunbering other lands in~Polk County, Florida, which _
ModifiGation of Mortgage 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 Modifica-
tion and Extension Agreement, dated June 27, 1973 and recorded
in Official Record ~ook 216~ Page 265, Public R~cords of St.
Luci e County, Fl ori da; and -
- NNEREAS, Outdoor Resorts_of America has requested First t~ational ~
City Qank to release the property hereinafter described, being a
pai•t of the mortgaged premi ses , from the 1 i en and operati or: of sai d
mortgage; ~ ~
N~1+1, THEREFORE, First National City Bank, in consideration af
~1~ premi ses and the SUIII Of Fn~r Thnutanrl Fi vp '
« R$
4,55 . , t e receipt whereof is herQby acknowledged,
does remise, release, quit claim, exonerate and discharge from the
lien and operation of said mort~age, unto the said mortgagor, its -
successors and assigns, that certain portion af th~ property conveyed _
~by said martgage more particularly described as follows:
i
; Lot 632 ~
a:,. _ - - Sa1= G81
Secti on I I -
; - in that certain condominiun known_as Outdoor Resorts. •
! of Mwrica at Nettles Island, according to plat
i of Nett'!es Island Project recorded in Plat BoQk 16,
i Pages 1 through 1(3) inclusive, and Declaration of
~ Condominium recorded in Official Recard Book 186,
Page 2720, as last am~nded in Official Record Book
~ 192, Page 820, p~:blic records of St. Lucie County,
Florid~
~ TO HAVE AND TO HOLD the same, with the appurtenances,.unto ~he
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said Mortgagor, its successors and assigns, farev~r freed, exonerated
~ ~ and discharged of and from the lien of said Mortgage; provided, aiways,
nevertheless, that nothing herein contained shall in anywise impair,
alter or diminish the effect, l~en or encunbrance of the aforesaid
Mortgage on the remaining part of said mortgaged property not released
~ t~ereby, or any of the rights and remedies of the holder thereof.
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