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r• KENNETH J. WEIL
FLOYD PF.AR90N 37'EWART RICHMAI~
CRLER dt 1NEIL. P.A.
Twenty-I•Yteh Flooe
One Biscayne Tower
Miami, Florida 33131
PARTIAL RELEASE OF MORTGAGE LIEN ~ 8?7-0241
WHEREAS, HUTCHINSON ISLAND LIMITED, INC., a Delaware corporation
authorized to transact business in the State of Florida, hereinafter called
"Mortgagor", by the following described documents granted and conveyed unto
THE FIRST NATIONAL BANK OF CHICAGO, a National Banking Association, hereinafter
called "Mortgagee" and its assigns, the premises and property therein particularly
described to secure the payment of the sum of money hereinafter mentioned with
interest thereon;
Mortgage given by HUTCHINSON ISLAND LIMITED, INC., as Mortgagor, in
favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee, dated June 2, 1980,
and filed in Official Record Book 332 at Page 1703, in the Public Records of
St. Lucie County, Florida, in the original amount of Twelve Million Seven Hundred
Thousand Dollars ($12,700,000.00), together with an Assignment of Leases, Rents
and Profits recorded in Official Record Book 332, at Page 1728, and Assignment
of Sales Contracts recorded in Official Record Book 332, at Page 1735, and
UCC-1 Financing Statement recorded in Official Record Book 332', at Page 1721,
all of said documents filed in the Public Records of St. Lucie County, Florida,
and all of said documents recorded on June S, 1980; and in addition, a UCC-1
Financing Statement filed with the Secretary of State, State of Florida,ammOc
• and
WHEREAS, the said Mortgagor has requested the said Mortgagee to release
the premises and other property hereinafter described, being a part of said
Mortgage, and encumbered premises, from the liens and operation of said Mortgage
and other liens;
NOW, THEREFORE, KNOW YE, that the said Mortgagee, in consideration of the
premises and the sum of Ten Dollars ($10.00) and other good and valuable considera-
tions to it in hand paid by or on behalf of the said Mortgagor at the time of the
execution hereof, the receipt whereof is hereby acknowledged, does remise, release,
quit-claim, exonerate, and discharge from the lien and operation of said Mortgage
and other liens referred to above unto the said Mortgagor, its successors and
assigns that certain portion of the premises conveyed by said Mortgage, and other
liens referred to above, more particularly described as follows:
Condominium Unit No. 7114 CATAMARAN II,
PHASE A, a Condominium, according to the
i Declaration of Condominium recorded July
1980, in Official Records Book 33d at
Page 2451 of the Public Records of St. Lucie
County, Florida.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the said
i
Mortgagor, its successors 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 anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesaid Mortgage and other liens
referred to above on the remaining property of said mortgaged premises, not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
€ IN WITNESS WHEREOF, the said Mortgagee has hereunto set its hand and seal
this ~_day of July, 1980.
s
Signed, sealed and delivered THE FIRST NATIONAL BANK~OF CHICAGO,
in the presence of : a National Banking Association.~ti~;::~~~=~i=:rat„~
. V ~ dent ~ ~ - ,
F ~ y
f,-- ~
/l~l~ ~a~ ~ ~C~e~l~-, Attest: ~ ~
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~ Wi 4~
:.t s
STATE OF ILLINOIS) . ;
4' ~~r
COUNTY OF COOK )
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The foregoing instrument was acknowledge before me by ~C(L ` ~
~~/COLI;~N~ and .~,Nf~ oS~°Ntlc. ir~H~ of THE FIRST NATIONAL
BANK OF CHICAGO, a National Banking Association, on behalf of the Ass'''o]c~ia~tion.
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