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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 ($780,000.00) with interest
as therein mentioned, as further secured by that certain Financing
Statement recorded in Official Record Book 317, Page 2415, public
records of St. Lucie County, Florida:
AND WHEREAS, Mortgagor has requested tortgagee to release the premises
hereinafter described, being part of the encumbered property, from the
lien and operation of the Mortgage and the Financing Statement:
NOW THEREFORE; Mortgagee, in consideration . of the sum of Sixteen Tho~nd
Nine Hluydred Eighty Dollars 16,980.00 ) paid to it by Mortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the Mortgage and the Financing Statement unto Mortgagor,
all that piece, parcel or tract of land, being a part of the encumbered
property, to-wit:
UNIT 105 of TARPON BAY YACHT CLUB CONDOMINIUM
H according to the DECLARATION OF CONDOMINIUM dated
May 9, 1980 and recorded in Official Rec-
_ ord Book 332 Page 133 , Public-Records
of St. Lucie County, Florida; together with the undivided
share of the COMMON ELEMENTS of the Condominium declared-
in the Declaration to be appurtepant thereto; together
with all appurtenances thereto, including, without limi-
tation, the right of exclusive use. of those areas, spaces
and portions of COMMON ELEMENTS of the Condominium, dec-
lared in the Declaration of Condominium to be LIMITED
COMMON ELEMENTS of the Unit.
TO HAVE AND TO HOLD the same, with the appurtenances, unto Mortgagor,
its heirs and assigns forever, freed, exonerated and discharged of and
from the lien of the Mortgage and the Financing Statement, and every
part thereof; Provided, however, that nothing herein contained shall
in anyway impair, alter or diminish the effect, lien or encumbrance of
the aforesaid Mortgage and the Financing Statement of the remaining
part of the propertynot hereby released therefrom, or any of the
rights and remedies of Mortgagee.
f -
IN WITNESS WHEREOF, Mortgagee has caused these presents t~- ~$xecuted
in its name and its corporate seal to be affixed, by itg~i eir'•officers,
this 3rd day of June 19 80 . , ~
r
Signed, sealed and delivered s_.~~.- .
i in the presence of : ~ rat~_S~al)
~ _ FIRST NATIONAL B ~ ~ tA~ '~~CH
' 483535 Its: Executive Vice President j
190 JUj~ -4 !I~ ~ b4 -
ATTEST:
sill61?NC~~~t
j,, Its: Assistant ashler
~~~t PO{7RAS
STATE OF FLORIDA a.ERK GRGNT C
E COUNTY OF PALM . BEAC~~RS vEGf ~
F
i
The foregoing instrument was acknowledged before me this 3rd day of
' June 19 80 , by T. L. Thornton and
i ..~~N~'`N+'+'"+ a ne
Garrett?~N+++++++
a ne Garrett the Exec. ce es dent and Assistant Cashier
r~•
,.•y,bf FIRST
NATIONA,.•y,bf
FIRST NATIONAL BANK IN PALM BEACH, a National Banking
Cgr.~Oration, p:# behalf of the corporation.
(fiEA~ ooc? d,
h ~ ~ _ = Not ry Public
"'%~o~.',-°-~ My Commission Expires:
~LQR1y No1ARY PUDLiC STATE of FLORIDA A! UR%f
,'~l+lr~ Piri~t~2 P~GE',~4 MY COuh11S5iC"~ E¦?~oiS UEC ~ ~ ^s