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PARTIAL RELEASE OF MORTGAGE
,
KNOW ALL MEN BY THESE.PRESENTS:
WHEREAS, CITI6ANK, N.A„ far rly known as First National City '
6ank, a national banking associa ion orqanized under the laws of the ~ i
United States of Aaierica, is noK the owner and holder by assiqnment
of the followinq mortqaqes and the notes secured thereby. to-wit:
A mortgage deed, executed the Y4th day of October,
1970, by Outdoor Resorts of America, Inc. to Continentat
Mortgaqe Investors, a Massachusetts Business Trust, securing
s5,100,000.00 and re~orded aff'c~a:~Record 3ook 187, Paqe
2405, et• seq., Public Records of St. Lucie Caunty, Florfda~,
encumbering certain iands in St. Lucie County, Florida therein
more particularly described; as amended~by Modification of
Mort~aqe Deed, dated October 4, 1972, amendinq the swn secured
by an additional principal indebtedness of =1,112,392.00 and
also encumberiny other lands in Polk County, ~lorida, which
Modificatian of Mortgage Deed was recorded in Official_ Record
Book 207, 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, Paqe 265, Public Records of St.
~ ~ucie County, Florida; and
NHEREAS, Outdoor Resorts of America has requested CITIBANK, N.A.,
farnierly known as First National City 6ank, to release the property ~
hereinafter described, beinq a part of the mortqaqed premises, from _
the lien and operation of said mortgage;
NON, TNEREfORE, CITIBANK, N.A., formerly known as First National
City Ba~k, in consideration of the premises and the sum of
_ 1~'
jf
5 200.00 , t e rece pt ereo+ s ere y ac now e q ,.does
rern 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
mortqage more particularly described as foilows;
Lot 650
Section II
in that certain condominium known as Outdoor Resorts
of America at Nettles Island, accordinq to plat
of Nettles Island Pro3ect recorded in Plat Book 16,
- Pages 1 through 1(3) inclusive, and Declaration of .
Condominium.recorded in Official Record Book 286, '
Page 2720, as last a~nended ir. Qrf:~;a' 4~~o»d 8oe!c
I92, Paqe 820, pubiic records of SL. Lucie Coanty,
Fiorida
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
sald Mortqagor, its successors and assiqns, forever freed, exonerated
and discharged of and from the lien of said Mortgage; provided, always,
' nevertheless, that ~oth;~g herei~ c~~ta;.^.~d sF?t? i^ anywise in!~air,
alter, or diminish the effect, lien or encuimbrance of the aforesafd
Mbrtgage on the remaininq part of said mortgaged property not released ~
hereby, or any of the rights and remedies of the halder thereof.
eaor. P~~E 29~
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