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PARTIAL RELEASi:.OF MORTCAGF. •~y~~
KNOW ALL MEN BY THESE PRESENTS: 4
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 Hundred Sixty
Thousand Dollars ($760,000.00) with interest as therein mentioned:
AND WHEREAS, Mortgagor has requested Mortgagee to release the prem-
ises hereinafter described, being part of the mortgaged property,
from the lien and operation of the Mortgage:
NOW THEREFORE; Mortgagee, in consideration of the sum of Fifty Z41iDUSdnd _
Nine Ihuidred Forty Dollars 50,940.00 ) paid to it by Mortgagor,
does remise, releasu, 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 wort-.
gage, to-wit:
UNIT 106 of 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
Ij not hereby released therefrom, or any of the rights and remedies of
Mortgagee.
IN WITNESS WHEREOF, Mortgagee has caused these presents to .b a executed
in its name and its corporate seal to be affixed, by its.p~aper`offi-
cers, this 1. 3th day of March , 19 80 ~ ~ :y
~ - ~ > , f
~ Signed, sealed and delivered ~
in_ the presence o (Corporate Seal) }
- FIRST NATIONAL BANK IN "PAi,H BEACH
F '
7 `4
~ / - .B y : ~L
I t s : Executive Vice Pr ident
ATTEST : e Q~L1~--
ts: Assistant Cashier
S
STATE OF FLORIDA
COUNTY OF PALM BEACH
p
The foregoing instrument was acknowledged before me this 13th day of
Marc 19 80 , , by T. L. Thornton - and
Madeline Garrett t h e Exec .Vice I'resir3en$ n d
resgect~vely of FIRST NATIONAL BANK IN PALM BEACH, a National Banking
Corpbration,• on behalf of the corporation.
` : ~ 1984 MAR ~ 8 ~ 9~ 20 . ~ 4'7980'7
( SEA~L~ . ;
PE 0(WED
F~L`ED?ff~~~!!lMN~Y,FIA. Notary Public
s r f ' ~ ROt3ERCru1TR~T
~ ~~"Ci''~ ~ My Commission Expires:
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