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PARTIAL RELEA~E OF MORTGAGE I
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KNOW A!.;. M~:= 9Y THEcc ~;~~=~~..S:
~ WHEREtiS. ~':.°xJNi+l C:TY BANK, a national banking assocfa-
t+o~ :-~an~ap-a ~:~der ine iaws of tine unj iea Siaixs u~ w~~er«a, ~s
r.orti ~t;e oivner anu I~older by assignment of the following mortgages ;
and t~~e notes secured thereby, to-wit: ;
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A mortgage deed, executed the 14th day of October,
:970, by Outdoor Resor~s of America, Inc. to Continental
Mortgage Ihvestars, a Massachusetts Business Trust, securing
~,,?(.'O,~GQ.O^ ~r.: Necer~ed ih aff;c:3i Record B~ok 187. Page
24t;5, e~ seq., ~•.~1s~ F.acor~s of S~. i.~:c:a ~ounty, f;or;da,
encumberin5 certain lands in St. L~cie County, Florida therein
more parti ~~~:ar1y described; as a,~~;.rded by Modification of
Mortgage Deed, dated October 4, 1972, amending the sum sec~ired
by an additional principal indebtedness•of =1,112,392.00 and
also encunbering other lands in Polk County, Florida, which
Modification of Mortgage Deed was recorded in Official Record
4ook 207, Page 867, et seq., Public Records of St. Lucie
:~unty, Fiorida, and as further amended by Mortgag~ Modifica-
tion and Extension Agreement, dated June 27, 1973 and recorded
in Official Record Book 216, Page 265, Public Records of St. ;
Lucie County, Florida; and
WHEREAS, Outdoor Resorts of America has requested First National
City Bank to release the property hereinafter described, being a
part of the mortgaged premises, from the lien and operation of said
mortgage; • '
NOW~ THEREFORE, f'irst National City Bank, in consideration of
the premises and ;.he sum of Sevente n Th
~ 00/100----------------------------------------------~---- ~OLLAR
:S 17,550.00 ~~~~e r-~cE~p~ ..,:~r~.:,~ i~ r~~ :.:,~:,:::'~L..~~~
~~ES reriise, release, quit claim, exonerate and discharge fram~the
~ier and operation of said mortgagp, unto the said mortgagor, its
successcrs and assigns, that certain por~ion of the property conveyed
by sai~ mortgage more ~articularl~ ~e~scribed as follows:
r• s oa- so/- as3 oo%
Lot 351, 622, 745 ~E •
Section II ~SOa - 5D/ ~ hBD~~ ~d~S ~
in that certain condo~r.:niun known as Outdoor Resorts ~
or America at Nettles Island, according to plat ~
o` Nettles Island Pro~ect recorded in Plat 8ook 16, '
Pages 1 through 1(3) inclusive, and Declaration of
~ondominiun recorded in Offic~al Rec~rd Book 186, ,
Pag~~2720, as last amended in Offi;ial Record 6ook i
- ---192, Page 820, public records of S~. Lucie Co~nty, ;
Florida ,~GSOa -5d~_Q 93/ OG D ~
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said Mortgagor, its successors and assigns, forr~s~ freed, exonerate~
and rfischarged of and from the lien of said Mortgage; provided, always,
nF:~P;*h~less, that n~=%~ing her~i~t rontaino~ :~hall in anywise impair, ;
- d~i.e:' ;i~rt;ll1~5.~ ii~~ te:~:. . Oi er:::::•:~~~ ~i.: G: '..~...--`r :
Mortgagz on the :ema;ning part of said martg~;,:d property not re~eased ~
hereby, or any cf the rights 3nd remedies of the holder thereof.
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