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PARTIAL RELEASE OF MORTGAGE AND FINANCING STATEMENT
489'713
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:
NOW THEREFORE; Mortgagee, in consideration.of the sum of Nineteen Thousand
Nine Hundred Eighty Dollars 19,980.00 ) 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 101 of TARPON BAY YACHT CLUB CONDOMINIUM
H according to the DECLARATION OF CONDOMINIUM dated
May 9, 1980 and recorded in Official Rec-
ord Book 3 Page 133 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
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
f 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- a e,_'executed
~r,~officers, -
in its name and its cor orate seal to be affixed, b i'~$~~
P Y _ .'tea
~ this 13th day of . June 19~. = . ` " .
:a._ ~
Si ned, sealed and delivered ice' ~ ~ ~m~Q7~,
9 /rte,}.. $ p , .
i the presence of • ~-~r~~~ S~$1)
o ~ .
_
FIRST NATIONAL B .p,'t~ACH
iQ~rriy...
By : ~ ~ , ,
Its: Executive Vice President
1980 JUN 16 Il~t ~ 11
faEO ~.NC PECtx~e ATTEST:
~ 5
R~
CR~~7cASj s = Assistant Cashier
~ q,ERK
STATE OF FLORIDA
COUNTY OF PALM BEACH afCOR~ ~R'F'~°- 489'713 -
The foregoing instrument was acknowledged before me this lath day of
19 80 , by T. L. Thornton and
~ ne arrett the Exec.Vice President and Assistant Cashier
, ~~c~rlve~ `rypf FIRST NATIONAL BANK IN PALM BEACH, a National Banking
` ~ , , ;fin behalf of the corporation.
t
_ y~
_ ~ p~~ -
L p ~ 8 ~•~L Notar Public
~~:~'10;~1~~' - My Commission Expires:
''y?,.,........• 8~`~ NOTARY PU6lK STATE OF iIORIDA AT LARGE
MY COr.1r~n t S S l ON EXPIRES DEC t~ i s 8 3
!1C>'tD,p 1nRU GEl~tERAI INS , Ur.E):~.:. • ;