HomeMy WebLinkAbout0673 - - .
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~ PARTIAL RELEASE OF MQRT~CA~iE 9
KNOW AlL F~N BY TNESE P~SENTS:
YHEREAS. FIRST NATIONAL CI'Y BANK. ~ natiatat banking associa- ~
tion organized under the laws of the URited States of America, is
now the oMner a~nd holder by assignment of the following ~aartgages
and the notes secured thereby, tawit: - -
A mortgage deed, executed the 14th da~y of October,
1970, by 0utdoor Resorts of America,.Inc. to Continental -
. Mortgage Investors,.a Massachusetts 6usiness Trust. securing
. :5,100,000.00 and recorde~ in Officinl Record 6ook 187. Page ~
2~5, et seq. , Public Rscords of St. Lucte L'rnrniy, f~orida, ~
~ encua~bering certain 1anJs in St. lucie County, Florida -therein
nar~ particularly described; as aa~ended by Modificatioti of .
Mortgage Deed, dated October 4, 1972, amending the s~n secur,Bd_
by an additional principal indebtedness-of s1,112,392.00 and
also encuqbering other lands in Polk County, Florlda~. which -
~ Modification of Mortgage Deed was recorded in Ofi~icial-Record }
_ 6ook 207, Page 867, et seq., Public Records of St. Lucie
~ . Count~, Florida; and as further amended by MorLgage Modifica-
- tion and Extension Agreement, dated June 27,~1973 and recorded
= in Officiat Record Book 216, Page 265, Public Records of St.
= Lucie County. ~iorida;- and--- ~ . - - _ ~ ;
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F - WtiEREAS, Outdoor Resorts of - Ameri ca has raquested Fi rst Natf onal
° ~ City Bank to release the property hereinafter described, being a.
part of the mortgaged pr~ni ses , fraa~ the 1 i en and operati on _ of sai d
~ _mortgage; _
~
~ NON, THEREFORE, First National City Bank,.in consideration of
~ the premises and the sum of .
~ ~~~~~~~~.~.~~~~~~~~~~~~~~..~~.~~~~~~~r~~~~.~~~~~~~~~~~ ~ .
~ J, e~
ace p ~ erec . s e y ac :=w~' ~d~~d .
does r~~se
ase, quit claia~, exonerate and discharge fraa the -
~ lien and operation of said mortgage, unto the said mortgagor, its -
~ successors and assigns, that certain portion of_the property.conveyed
; by said mortgage arorE particularly described as fclla+s: - -
~ ~
s Lot 616 . • _
~ _
~ Section II ~
~ in that certain condamini~m known as Outdoor Resorts
~ - of M~erica at Nettles Island, according to plat
; of Nettles Island Pro,~ect recor~d in Plat Book 16,
Pages 1 through l(~) inclusive, and Declaration of
~ ~ Condomfniun rec~rded in Official Record Book 186,
~ .Page 2720, as last a~nended in Official Record Book
~ ~ 192, Page 820, public records of St. Lucie County, .
~ Florida _
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~ TO HAYE AND TO HOLD the same, rrith the appurtenances, unt~ ~che
~ said Mortgagor,-its successors and assigns, forever freed, exonerated
~ and d1 scharged of and fraN the 1 i en of sai d Mortgaye; provi ded, alwa~,~s ,
- nevertheless, tha+~ nothing herein coatained shall in anywise impair,
I - alter or dim~inish ~he efiaci:, ~ ~c:: ( ' • -~f
C~IYWN~• M Y: V' H• •
~ Mortgage•on the remaining part of said ~nortgaged roperty not released
~ • her~by, or any of the rights and remedies of the ~older thereof.
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~~i2 P~ 674 .
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