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PARTIAL RBLBASB OF MORTGAGB LIBN
WHEREAS, HUTCHIN90N BLAND LIMITED, INC., a Delaware 1
corporation authorised to ~transaet business in the State of Florida, hereinafter
palled "Mortgagor," by the following described documents granted and oomreyed
unto THB FIRST NATIONAL BANK OF. CHICAGO, a national banking 4ssociation,
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 iViortgagee,
dated June 2, 1980, and filed- in Official Record Book 332, at Page 1T03, 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 PubHe Records of St.
Lucie County, Florida, and all of said documents recorded on June S, 1980; and in
addition; aUCC-i Financing Statement filed with the Secretary of State, State of
Florida, on June 16, 1980, under File No. 1207244, between said parties; and -
WHBRBAS, the said Mortgage has requested the acid 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'Teo Dollars (;10.00) and other good
and valuable considerations to it in hand paid by a an behalf of the said mortgagor r
at the time of the execution hereof, the receipt whereof is hereby adcrtowledged, _
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:
Condomitium Unit No. ib4l, CATAMARAN II,
PHASE B,. a Condominium, according to the
Declaration of Condominium recorded July 15, 1980,
- in Official Records Book 334, 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 Mortgagor, its successors and assigns forever, freed, exonerated and
discharged of and from the lien of said Mortgage and every pert thereof; provided
always, nevertheless that nothing herein contained shall in anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesaid MOctgage and outer 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 ~9HEREOF, the said Mortgagee his hereunto set its hand
and seal this 25tkday of August, 1980.
E
Signed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO, (
in the presence of: a national banking association
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Attest:
~ This instrument prepared by;
KENNETH J. NEIL S - 74 : L FT r ~ ' ; ,
FLOYD PI:ARSON STER'ART RICHMgN `
GR[:ER & WELL, PA. _1_
Twenty-Filth Floor t
One Biscayne Tower '
Miami, I'7orids 33131 ~ .
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