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PARTIAL RELEASE OF MORTGAGE ANO FINANCING STATEMENT
4bi04'71
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 Official Record Book 317, Page 24b3,
public records of St. Lucie County, Florida, mortgaged unto FIRST
NATIONAL BANK IN PALM BEACH, a National Banking Corporation, its
successors and assigns, hereinafter referred to as "Mortgagee", the
premises therein particularly described, to secure the payment of the
sum of Seven Hundred Eighty Thousand Dollars ($780,000.00) with interest
as therein mentioned, as further secured by that certain Financing
Statement recorded in Official Record Book 317, Page 2415, public
records of St. Lucie County, Florida:
AND WHEREAS, Mortgagor has requested Mortgagee to release the premises
hereinafter described, being part of the encumbered property,_from the
lien and operation of the Mortgage and the Financing Statement:
NOW THEREFORE; Mortgagee, in consideration. of the sum of Seventeen Thousand.
Five H~uidred Eighty Dollars ( $17 , 580.00 ) paid. to it by Mortgagor , •
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the Mortgage and the Financing Statement unto Mortgagor,
all that piece, parcel or tract of land, being a part of the encumbered
property, to-wit:
UNIT 301 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, dec-
lared 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 the Mortgage and the Financing Statement, and every
part thereof; Provided, however, that nothing herein contained shall
in anyway impair, alter or diminish the. effect, lien or incumbrance of
the aforesaid Mortgage and the Financing Statement of the remaining
r eased therefrom or an Hof the
ert not hereb el Y.
art of the ro y y
i P P P
rights and remedies of Mortgagee. •
• ~ `
IN WITNESS WHEREOF, Mortgagee has caused these- presentst•~v''t)b'~Qx~cuted .
in .its name and its corporate seal to be affixed, by, ~t~'~~oper~officers,
this 21st day of March 19 80 - ~ ;
r., •
.j ' r v ~ ~
Signed, sealed and delivered Lp o - -
in the presence of: `(,Co~~orate Ss~l) .
• • 1 i~7 , t....
FIRST NATIONAL BANK 'ii~J,~~A3,M. BEACH
/ By:
v~ Its: Executive Yice Pre ident
t980 MAR 24 Ali ~ 06 ~ ~ - - -
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ATTEST : QCs 'i'~
F Eo ?NC ~=CURI~.u I is • Assistant Cashier
• GAR
p
ITRASA .
STATE OF FLORIDA K c~RCUit ~ 4804'1
COUNTY OF PALM BE YERIFIL^--
s1~u+s:
The fcsX• c~O~:i~gr; instrument was acknowledged before me this 21st day of
':~a~a • 19 80 , by T. L. Thornton and
~ . • ine Garrett the r~pr _v{ ~o p Psi dent and Assts .,v,t ~-A~hier
r~spQ y~ef FIRST NATIONAL BANK IN PALM BEACH, a National Banking
C6~Orat~oA, ot~ behalf of the corporation.
(SF~PxL?- T` Notary Public
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