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PARTIAL RELEASE OF MORTGAGE ,4853 (.f ~
KNOW ALL HEN 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 ($760,000.00) with interest as therein mentioned:
AND WHEREAS, Mortgagor has requested Mortgagee to release the prem-
ises hereinafter described, being part of the mortgaged property,
from the lien and operation of the Mortgage:
NOW THEREFORE; Mortgagee, in consideration of the sum of Fifty Thousand
Nine Htaxlred lbrty Dollars 50,940.00 ) paid to it by Mortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the mortgage unto Mortgagor, all that piece, parcel
or tract of land, being a part of the property encumbered by the wort-.
gage, to-wit:
UNIT 206 of TARPON BAY YACHT CLUB CONDOMINIUM _
A, according to the DECLARATION OF CONDOMINIUM dated
March 11, 1980 and -recorded in Official Rec-_
ord Book page 950 Public Records of
St. Lucie County, Florida; together with the undivided
share of the COMMON ELEMENTS of the Condominium declared
in the Declaration to be appurtenant thereto; together
with all appurtenances thereto, including, without limi-
tation, the right of exclusive use of those areas, spaces
and portions of COMMON ELEMENTS of the Condominium, de-
clared in the Declaration of Condominium to be LIMITED
COMMON ELEMENTS of the Unit.
TO HAVE AND TO HOLD the same, with the appurtenances, unto Mortgagor,
its heirs and assigns forever, freed, exonerated and discharged of
and from the lien of said mortgage, and every part thereof; Provided
always, nevertheless, that nothing herein contained shall in anyway
i impair, alter or diminish the effect, lien 'or incumbrance of the
aforesaid Mortgage of the remaining part of the mortgaged property
not hereby released therefrom, or any of the rights and remedies of
Mortgagee.
IN WITNESS WHEREOF, Mortgagee has caused these presenter Re
;•~e••e~e~,cuted
in its name and its corporate seal to be affixed, by ~t$;`p~~per- ~o~,fi-
80 : 0 1
r
cers, this day of April ~ 19 ~ S -
Signed, sealed and delivered ; ~Y7~b'
in the presen a of : (Cbrr~~rate~Se~~rl'.~
• FIRST NATIONAL BANK I~1~'~1:~t`_.~$ACH
.
lL By: .
I t s : bcecutive ice Pres dent
ATTEST:
Its : Assistant Cashier
STATE OF FLORIDA
COUNTY OF PALM BEACH
The foregoing instrument was acknowledged before me this day of
April 19 80 by T. L. Thornton ~ and
„ Madeline Garrett the _ ~Pe.Qi ee PYeai~n$nd Aaai ata_n_t ~}..~t+t er
reg.pe~,~i~:,Yy of FIRST NATIONAL BANK IN PALM BEACH, a National Banking {
Cor~br~t`i~o1fi~~.vn behalf of the corporation.
eYw~ ~ r~_ . 482653
~ Notar Public . t
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~,-0~:~...tC~~l; g~a~ CliA~As My Commission Expires:
UR ~~t vtRIF1E0 NOT/UY PU/UC STATE OF Tl~lOA ~AT UR~Gt
Q(Yl~~ P~ ~ MY COMMISSION EXPIRES DEC 11 1903