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PARTIAL RELEASE OF MORTGAGES
KNOW ALL I~N BY THESB PRESENTS : That ROYAL AIrII:RICAN
INDUSTRIES, INC., a corporation organized and existing undeY
the laws of the State of Delaware, and having a principal T
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piace of business at 1001 Park Avenue. Lake Park, Florida
33403, the owner and holder of certain nmortgage deeds exe- '
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cuted by Fort Pierce Financing & Construction Co. to Edwin.
Binneq, dated various dates, recorded (all recording references
are to St. Lucie County, Florida) in Mortgage Book 36 at
page 114; Mortgage Book 36 at page 163; and Mortgage Book 36
~ at page 264,,referred to as "Binney Mortgages," (as assigned ~ ~ _
by T. J. McPartland, Jr., Trustee of "The Edwin Binney
~ Trust -
.Heirs'.~" said Assignment recorded in Official Records Book
74 at pages 2Q4-206,~ and assigned to Royal American Industries,
Inc., a Delaware corporation), does hereby forever release, _
exonerate and discharge from the lien, operation. force and
` effect of the said mo~rtgages the fo11o•aing described property _
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~ situate in St. Lucie County, Florida. to-wit:
PARCEL NUMBER ONE: ~
From the Southwest corne~'of Section 3, Township
35 South,_Range 40 East, St. Lucie~,County,
Florida, run N 0° 00' 30" W, 1317:9 feet to the
line dividing Government Lots 3 and 4, of said
Section 3; thence run S 89° 49' 30" E, 2585.7
feet to a raflroad rail, a point of reference;
_ From said point of reference, run N 15° 47' 30" W,
67.2,feet; thence S 70° 14' 30" W, 51.12 feet to
the Point of Beginning; from said point of
beginnin~, rum N 15° 47' 30" W, 125 feet; thence o '
N 70° 14 30" E, 305.5 feet more or less to the w ~
face of an existing bulkhead on the shore of the ~ G~;~
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Indian River; thence meandering the West s hore- ~
' line of the Indian River along the line of an
existing bulkhead, run Southeasterl~ 125 feet
to a point whicH bears N 70° 14' 30' E; at a
~ distance of 306.17 feet from the point of ~ g
• be ginnin g; thence N 70°~14' 30" E, 416.75-feet -
to a point; thence S 15° 45' 30" E, 267.2 feet
to a point; thence S 70° 26' 30" W, 330.75 feet ~
~ to a point; thence S 15° 52' 30" E, 205.2 feet
~ to a concrete monument on the North line of
Causeway Drive (Seaway Drive); thence N 88°
~ 45' 30" W along the North line of said Causeway
; Drive, 355.9 feet to a concrete u~nument; ~
~ thence continue~N 88° 45' 30" W, along said
~ PTortherly line of Causeway Drive, 494.7 feet; c~
thence N 14° 03' 30" W, 6.5 feet to the
Southerly line of Terminal Drive; thence
N 72° 09' 30" E along the Southerly line of
Terminal Drive, 473.5 feet; thence N 15° 47' 30" -
' W, 50.03 feet to a point~on the North line of
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