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PARTIAL RELEASE OF MORTGAGE ~
KNOW ALL MEN BY THESE PRESENTS: ~
WNEREAS, CITI6ANK, N.A., for~e rly known as First Natio~al City t
Bank, a national banking associafion orqanized under the laNS of the s
United States of America. is now the owner and holder by assiq~unent
of the followinq mortgages and the notes secured thereby, to-wit:
A mortgaqe deed, executed the 14th day of October, ~ ~
1970, by Outdoor Resorts of America, Inc. to Continental
Mbrtgaqe Investors, a Massachusetts Business Trust, securing
=5,100,000.00 and recorded in Official Record Book 187, Paqe
2405, et seq., Public Records of St. Lucie County, ~lorida,
encwnbering certain lands in St. lucie County, Florida therein
more particularly described; as amended by Modification of
Mortqaqe Deed, dated October 4, 19T2, amendinq the su~n secured
by an additio~al principal indebtedness of ~1,112,392.00 and
also encumberinq other lands in Polk County, Florida, which ~
Modification of Mortgage Deed was recorded in Official Record
Book 207, Page 867, et seq., Public Records of St. Luc9e •
County, Florida, and as further amended by Mortqaqe Nbdifica-
tion and Extension Agreement, dated June 27~, 1973 and recorded ~
in Officlal Record Book 216, Page 265, Public Records of St.
Lucie County, Florida; and
-WHEREAS, Outdoor Resorts of America has requested CITIBANK, N.A.,
fornierly known as First National Cf ty Bank, to release tfie property
hereinafter described, beinq a part of the mortgaqed premises, from
the lien and operation of said mortgage; _
NON, THEREFORE, CITI6ANK, N.A., fornierly known as First National -
City Bank, in consideration of the premises and the sum of
. ~F Tho s i ht n F ~
li 4 5 0 , t e rece~pt w ereo s ere y ac now e qe , does ~
rem se, re ease,-quit claim, exonerate and discharge from the lien and
operation of said mortgage, unto the said mortgaqor, its successors
and assigns, that certain portion of the property cor~veyed by said
mortqage rrare particular]y described as follows:
Lot 806
Section II
in that certain con~ominium known as Outdoor Resorts
of America at Nettles Island, accordinq to piat
of Nettles Island Fro3ect recorded in Piat 8ook 26,
Pages 1 through 1(3) 1nc]usive, and Declaration of
Cortdomin3um recorded in Official.Record Book 186,
Page 2720, as last amended in Official Record Book =
192, Page 820, public records of St. Lucie County, !
Florida ~
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~ TO HAVE AND TO HOLD the same, with the appurtenances, unto the ?
said Mortqagor, its successors and assiqns, for~ver freed, exonerated
and discharged of and from the iien of said Mortgage; provided, always,
nevertheless, that-nothino herein contained shall in anywise impair,
alter, or diminish the effect, lien or encumbrance of the aforesaid
Mortgage on the rema~ninq part of said mortgaged property not released
hereby, or any of the rights and remedies of the holder thereof.
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