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PARTIAL RELEASE OF MOR7GAGE
KNOW ALL MEN BY THESE PRESENTS: •
WHEREAS, CITIBANK, N.A., for~merly k~ow~ as First Nationa2 City
Bank, a national banking association orqanized under the laws of the
United States of America, is now the owner and holder by assiqnment
of the followinq mortgages and the notes secured thereby, to-wit:
A mortqaqe deed, executed the 14ih day of October,
1970, by Outdoor Resorts of America, Inc. to Continental
Mortgaqe Investors,~~lassachusetts 6usiness Trust, securinq
- 55,100,000.00 and recorded in Official Record Book 187, Paqe
2405, et seq., Pubiic Records,of St. Lucie Cour+ty, Florida, .
encumberinq certain lands in St. lucie County, Florida therein
• more particularly described; as amended by Modification of ;
Mortqaqe Deed, dated Uctober 4, 1972, amendinq the sum secured ~
by an additional prlncipal indebtedness of s1,112,392.00 and ~
also encumberinq other lands in Polk County, Florida, which
Modificatio~ of Mortgage Deed was recorded in Official Record -
Book 20?, Page 867, et seq., Public Records of St. Lucie
County, Florida, and as further amended by Mortqaqe 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 CITI6ANK, N.A,,
formerly known as Fir"st National City Bank, to reiease the property
hereinafter described, beinq a part of the mortqaqed premises, from
the lien and operation of said mortgage;
NOW, THEREFORE, CITIBANK, N.A., formerly known as First National
City Bank, in consideration of the premises and the sum of , '
Eight Thousand Four Hundred Fift
. the rece~pt w ereof is ere y acknow e qe , does
rem~se, re ease, quit claim, exonerate and discharqe from the lien and
operation of said mortgage, unto the said mortgaqor, its successors +
and assigns, that certain portion of the property conveyed by said
m~rtqage more particularly described as follows:
l.ot 28
Section II
in that certain condominium known as Outdoor Resorts
of America at Nettles Island, accordinq to plat ~
of Nettles Island Project recorded in Plat Book 16,
Paqes 1 throuqh 1(j) inclusive, and Declaration of
Condominium recorded in Official Record Book 18b,
Page 2720, as last amended in Official Record Book
192, Paqe 820, public records of St. Lucie County,
Flori da
TO HAVE AND TO HOID the same, with the appurtenances, unto the
said Mortqagor, its successors and assiqns, forever freed, exonerated
and discharged of and from the lien of said Mortgaqe; provided, aiways,
nevertheless, that nothing herein contained shali in anywise impair,
alter, or diminish the effect, lien or encumbrance of the afore~ais
Mortgage on the remaininq part of said mortgaged property not released
hereby, or arty of the rights and remedies of the holder thereof.
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