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HomeMy WebLinkAbout0830 . . ~ , _443396 ~ i ~ ~ PARTIAL RELEASE OF MORTGAGE ' ~ t . KNOW ALL MEN BY THESE PRESENTS: WHEREAS, HUTCHINSON ISLANO IIMITED PARTNERSHIP, Mortgagor, by Indenture of Mortgage bearing date the 15th day of August, A.D., 1978, and recorded in the office oP the Clerk of the Circuit Court in and for the County of St. Lucie, State of Florida,~in Official Records eook 292, Page 1643, mortgaged unto THE FIRST NATIONAL BANK OF CHICAGO, national association and assigns, Mortgegee, the premises therein particularly described, to secure the payment of the sum of THREE MILLION FIFTY THOUSAND and NO/100s (~3,050,000.00) DOLLARS, with interest as therein mentioned; and • WHEREAS, Mortgagor executed a Uniform Commercial Code Financing Statement filed on August 16, 1978, and recorded in Official Record Book s 292 at Page 1658, of the Public Records of St. Lucie County~ Florida; and WHEREAS, Mortgagor executed a UniPorm Commercial Code Financing Statement filed on September 8, 1978, with the Secretary of State, State of Florida, under File No. 929816; and WHEREAS, the said HUTCHINSON ISLAND LIMITED PARTNERSHIP has requested the said THE FIRST NATIONAL BANK OF CHICAGO to release the premises hereinafter tiescribed, being part of said mortgaged premises, from the lien and operation of said Mortgage: NOW, THEREFORE, KNOW YE, That the said THE FIRST NATIONAL BANK OF CHICAGO as well in consideration of the premises as of the.sum of TEN and NO/100s (510.00) DOLLARS, to it paid by the said HUTCHINSON ISLAND 3 LIMITED PARTNERSHIP at the time of the execution hereof, the receipt f whereof is hereby acknowledged, does remise, release, quit-claim, exonerate and discharge from the lien and operation of said Mortgage unto the said HUTCHINSON ISLAND LIMITED PARTNERSHIP it heirs and assigns, all that piece, parcel or tract of land, being a part of the premises conveyed by said mortgage, to-wit: Condominium Unit 5414 of GOLF VILLAS, a Condominium, according to the Declaration of Condominium therefor recorded in Official Record Book 302, page 1250, et seq., Public Records of St. Lucie County, Florida, together - with the undivided interests - ! appeartaining thereto pursuant to said Declaration. ~ TO HAVE AND TO HOID the same, with the appurtenances, unto the ; said HUTCHINSON ISLAND LIMITED PARTNERSHIP its heirs and assigns forever, i freed, exonerated and discharged of and from the lien of said Mortgage ~ and Commercial Code Financing Statements, and every part thereof; ~ provided always, nevertheless, that nothing herein contained shall in ~ anywise impair, alter or diminish the effect, lien or incumbrance of the ~ aforesaid Mortgage and Commercial Code Financing Statements, on the ~ remaining part of said mortgaged premises_not hereby released therefrom, ~ or any of the rights and remedies of the holder thereof. ~ IN WITNESS WHEREOF, the said THE FIRST NATIONAL BANK OF CHICAGO ; has caused these presents to been executed in its name, and i~ts Corporate ~ seal to be hereunto affixed, by its proper ofPicers ther-eunto duly ~ authorized, this P R,~ z ~ - Signed, sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO~~ s in the presence of: (Corporate Seal) ~ - ~ ~ C./ 7Z~.J~ Bv : 7~~G ~-,~,~s s.,.~.~' ~ • ~qSSs.Vi ce Pres dent ~ u,,,K.~ w , ~ _ ~ ~ , This instrument Prepared By: ~ KENNETH J. WEIL, ESQ. ~ FRATES FLOYD PEARSON STEWART ~ RICHMAN & GREER ' z Twenty-Fifth Floor 5~~,~$ ~.a~c ~ One Biscayne Tower ~ Miami, Florida 33131 Phone: 377-0241 - ~ : . _ x u_, .