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PARTIAL RELEASE OF MORTGAGE.
KNOW ALL MEN BY THESE PRESENTS: ~~y801
WHEREAS, S.C.S. TARPON BAY, INC., a Florida corporation, hereinafter
referred to as "Mortgagor", by Mortgage Deed dated the 28th day of .
September, 1979, and recorded in the office of the Clerk of the Cir-
cuit Court in and for St. Lucie County, Florida, in Official Record
Book 317, Page 2409, mortgaged unto FIRST NATIONAL BANK IN PALM BEACH,
a National Banking Corporation, its successors and assigns, herein-
after referred to as "Mortgagee", the premises therein particularly
described, to secure the payment of the sum of Seven Nundred Sixty
Thousand Dollars ($760,000.00) with interest as therein mentioned:
AND WHEREAS, Mortgagor has requested Mortgagee to release the preen-
ises hereinafter described, being part of the mortgaged property,
from the lien and operation of the Mortgage:
N~OW~T~iEREFOH~~ortgagee, in consideration of the sum of Forty Four Thou-
~~~l~nr~eee rtyDollars ($44,340.00 ) paid to it by Mortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the mortgage unto Mortgagor, all that piece, parcel
or tract of land, being a part of the property encumbered by the mort-
gage, to-wit:
UNIT. 302 pf TARPON BAY YACHT CLUB CONDOMINIUM
A according to the DECLARATION OF CONDOMINIUM dated
March 11, 1980 and recorded in Official Rec-
ord Book 327 page 950 Public Records of
St. Lucie County, Florida; together with the undivided
share of the COMMON ELEMENTS of the Condominium declared
in the Declaration to be appurtenant thereto; together
with all appurtenances thereto, including, without limi-
tation-, the right of exclusive use of those areas, spaces
and portions of COMMON ELEMENTS of the Condominium, de-
clared in the Declaration of Condominium to be LIMITED
-COMMON ELEMENTS of the Unit.
TO HAVE AND TO HOLD the same, with the appurtenances, unto Mortgagor,
its heirs and assigns forever, freed, exonerated and discharged of
and from the lien of said mortgage, and every part thereof; Provided
always, nevertheless, that nothing herein contained shall in anyway
impair, alter or diminish the effect, lien or incumbrance of the
aforesaid Mortgage of the remaining part of the mortgaged property
j not hereby released therefrom, or any of the rights and remedies of
Mortgagee.
f IN WITNESS WHEREOF, ;Mortgagee has caused these presents to .be executed
i
in its name and its corporate seal to be affixed, by its proper offs-
` cers, this 13th- day of March 19 80
Signed, sealed and delivered - _
in the presence of: (Co~p:orate Steal)
I
• FIRST NATIONAL BANK iN.PALM~BEACH
• Its : EScecutive Vice Presi t
~ COUNtY
F A_ ATTEST : ~ ~ L~~~
ED ` I t s : Assistant C shier
,~,t ~ 4'79801
STATE OF FLORIDA
COUNTY OF PALM BEAC~~VER~~~--
The foregoing instrument was acknowledged before me thisl3th day of
March 19 80 by T. L. Thornton and
~ Madeline Garrett t h e Facec .Vice President n d .Apsista>"t Cashier ,
res_p~~tiv.Lly of FIRST NATIONAL BANK IN PALM BEACH, a National Banking
Co'rp~sration,, on behalf of the corporation.
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Nota y Public
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E~t~r~ itUtU GE~~ERAE INS . UNGtRW~f tERS
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