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482652 `
PARTIAL RELEASE OF MORTGAGE AND FINANCING STATEMENT /
T
.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 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 ($780,000.00) with interest
as therein mentioned, as further secured by that certain Financing
Statement recorded in Official Record Book 317, Page 2415, public
records of St. Lucie County, Florida:
AND WHEREAS, Mortgagor has requested Mortgagee to release the premises _
hereinafter described, being part of the encumbered•property, from the
lien and operation of the Mortgage and the Financing Statement: •
NOWT REF~REp~M~~rtgagee, in consideration•of the sum of Sixteen Thou- -
sand ~ine un tv Dollars ($_16,980.00 ) 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 206 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. Luc
Ceiuc
ounty, Florida; together with the undivided
share of the COMMON ELEMENTS•of the Condominium declared
in the Declaration to be appurtenant thereto; together I
with all appurtenances thereto, including, without limi-
tation,: the right of exclusive use of 'those areas, spaces t
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
rights and remedies of Mortgagee. ~
• _
IN WITNESS WHEREOF, Mortgagee has caused these presents. f- _
• to
in its name and its corporate seal- to be affixed, by i~ . ~r4o,ri,~ s,
this day of April 19 80 ~ '`tom'; ,~lZ+' ~ " -'r
Signed, sealed and delivered i'~, r~. .s;~• r;`
in the resence of : ~ ~ 7 b~
P Ceb ate~_~~~
FIRST NATIONAL BANK III;~~~EACH
. .
J~ By
' ` ~ ~ 02 Its: Execu ive Vice President
:
F Ep app 1!ECjW~t~, n ,
5~~~
p' SS ATTEST : ~-dt C Qc.,-.e. ~
Its : Assistant Cashier
STATE OF FLORIDA R y~R~f1E0
COUNTY OF PALM BEACH 4S SZ
I
The fo~,e a~iuq instrument-was acknowledged before me this day of ;
.A` l~~i',•~•, 19 80 , by T. L. Thornton end ~
`'s? ' the Exec.llice President and actin -mow _ i ~
-a hier
re$p~ ~ ACS RST NATIONAL BANK IN PALM BEACH, a National Banking
Cop"" t~ o~half of the corporation.
(SE~'U,8~3+ v,
~y ~A` ~~P~;' Not r Public
• s Olt p~ ~ My Commission EX~~~fi~iG STALE or flC~tlDa aT t..~R;;E
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