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PARTIAL RELEASli OF MORTGAGE 4~~~7~ -
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, ?
from the lien and operation of the Mortgage:
NOW THEREFORE; Mortgagee, in consideration of the sum of_ Fbrty Eight
Tlniys~~uid gDollars 48,300.00 ) 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 303 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- i
elated in the Declaration of Condominium to be LIMITED }
t
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 -
i
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 of the rights and remedies of -
Mortgagee. .
I ~ .
IN WITNESS WHEREOF, Mortgagee has caused these presentfrT $$}~i~e~t ~u~ed
in its name and its corporate seal to be affixed, by_,~,~~~, p~Y'•.o_~-
cers, this 21st day of April 19 80 zij~° r ~,,r,,;Y
Signed, sealed and delivered - ~
l~- .
in the presence of : -t~,4~ dSe,
~ , /~~~I~'t FIRST NATIONAL BAIT f y ~ ACH j
1`~
i
By: _ -
I t s : Executive Vice Pr ~ident
ATTEST : ~l~ ~ _ }
I t s : Assistant Cashier ~ " ~
STATE OF FLORIDA !
COUNTY OF PALM BEACH
k
The foregoing instrument was acknowledged before me this 21st day of '
April 19 80 by T. L. Thornton and
,~,~~~~~~t.,,,f G theExec.Vice President and Assistant Cashier
rp - f~,...-~ ~:Iy, of FIRST NATIONAL BANK IN PALM BEACH, a National Banking
x8.~$v.ri~,-pn behalf of the corporation.
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r
a - _ '
. ~ ! O, 'd !fS Y7
-i~~'B;L~~'~ ~1~ ~ G$ Notary Public
1900 APO 22
f ,fir , ,
~i~~,b~ F EO~hrRc_GORat~ ~ My Commission Expires:
5 ROGER PQITRASA~
~ c(!~K~~.c7 P,~E2468 a~ERK CIRCUIT C~ NOTARY 1UilK 51ATE Oi FlOR10A ~s lnaGE
R artaAr~'fRlriE~1 ~ MY COMN?ISStOtr ExR~RES OK 1~ X583