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PARTIAL RELEASE OF MORTGAGE AND FINANCING STATEMENT
481593
WHEREAS, S.C.S. TARPON BAY, INC., a Florida corporation, hereinafter
referred to as "Mortgagor", by Mprtgac~e Deed dated the 2Rth day of
September, 1979, and recorded in Official Record Book 317, Page 2403,
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 tortgagee to release the premises ell
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 ~ Thousand
Five hundred Eighty Dollars 14,580.00 ) 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 204 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
~ part of the property not hereby released therefrom, or any of the
f rights and remedies of Mortgagee.
~ ZN WITNESS WHEREOF, Mortgagee has caused these presents to.be,executed
in its name and its corporate seal to be affixed, by it~,~}'~p~r.,officers,
this 31st day of March , 19 80 . ;-'~~F. '
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Signed, sealed and delivered M"
in the presence of : - . ~~or~sor~ja.l)
~
FIRST NATIONAL BAH o ,P.~II~'~]~ACH
li•~I
• By' -
~ ~ ' 0 is = Executive Vice President
_ ~
41593 ~fp CRC ATTEST:
3~ tUCIE COL~t Y. lA. I t s
~p{~R P01 RAS Assistant Cashier
iLERK CtRW~ C~gtt
STATE OF FLORIDA RLQQ~t~'t'!!~FIES~---~
~ COUNTY OF PALM BEACH
The-,foregoing instrument was acknowledged before me this 31st day of
.,.;~`.-t ~+Iai~Ch 19 80 , by T. L. Thornton and -
. ~ Nad ine Garrett the Scec.Vice President and Assistant Cashier
Yes..~e .~-1y of FIRST NATIONAL BANK IN PALM BEACH, a National Banking
~Cor~io~~tion,c•.flh behalf of the corporation.
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~ Nota y Public
~ QR t P~GE~~~ 1 t~~T«Y ?l;d;;C `_'":E C: f:L.2iJ:1 P.i
gp(~3~,0 My Commission Expires: k.r Cc:•~:..~,.....:.~ j s . _ .
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