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PARTIAL RELEASl; OF MORTGAGE
4804`72
KNOW ALL MEN BY THESE PRESENTS:
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, r
from the lien and operation of the Mortgage:
N~O~STH~RSEaF~O~RE• or gagee, in consideration of the sum of Fifty Tt~
Dollars 52,740.00 ) 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 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, de-
clared in the Declaration 'of Condominium to be LIMITED
COMMON ELEMENTS of the Unit. ,
TO NAVE 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
not hereby released therefrom, or any o~ the rights and remedies of
Mortgagee. •
•~•n . ~ $
.i...
~ IN WITNESS WHEREOF, Mortgagee has caused these present~ctD::~ie executed
in its name and its corporate seal to be affixed, by ~~a~ p{~i?~•r offi;-
. t
cers, this day of March 19~~. - -
i ~ - 3
Signed, sealed and delivered _ •
in the presence o (Corp~atg~_.Sea3)
FIRST NATIONAL BANK IN PALM BEACH'
f
24 ~ ~ 6 Its : bcecutive Vice Pr dent
i
fllfD Rho ~'ECUnut`y
uItOGER
POIt RASA T T E S T. ~
>~K GAT I t s : Assistant Cashier 's
STATE OF FLORIDA tlEC~attvealFt~n-~-"'"~-~
COUNTY OF PALM BEACH 4804'72
The foregoing instrument was acknowledged before me this 21st day of
March 19 80 by T. L. Thornton and
Madeline Garrett the L~cec Yice Presidenband Assistant Cashier
res•~ect E`~ly of FIRST NATIONAL BANK IN PALM BEACH, a National Banking
t3'Qtp£or_ E~ion, on behalf of the corporation.
_ - ~ Nota y Public -
. ~
f- My Commission Expires:
'Q ~ ~
ivOTARY tl11UC STATE CF flOR10A AT LARGi
MY COMMISSION E%FIRES OK t~ i983 -
~~'~c328 pecE 21 TMRU tNs . Ur~DERwR?tERS