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HomeMy WebLinkAbout0367 ` 1801220 D3 / _ ~ 5U04i4 ~ ~ PARTIAL RELEASB OF MORTGAGE LIBN 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 CIiICAGO, 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 PARTNERSHIP, as Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee, dated December 4, 1978, and filed in Official Record Book 229, at Page 991, in the Public Records of St. Lucie County, Florida, in the original amount of Twelve Million Dollars (=12,000,000.00), and as modified by Modification of Mortgage dated June 2, 1980, and recorded in Official Records Book 332 at Page 1738 of the Public Records of St. Lucie County, Florida, wherein HUTCHINSON ISLAND LIMITED, INC. assumed the indebtedness secured by said Mortgage, and increased the indebtedness to the principal sum of Thirteen Million Dollars (=13,000,000.00), together with an Assignment of Leases, Rents and Profits recorded in Official Record Book 229, at Page 1002, and UCC-1 Financing Statement recorded in Official Record Book 229, at Page 1008, all of said documents filed in the Public Records of St. ~ Lucie County, Florida, and in addition, a UCC-1 Financing - Statement filed with .the Secretary ~ of State, State of Florida, on December 7, 1978, under File No. 966909, between said parties; and WHEREAS, the said Mortgage has requested the said Mortgagee to - t release the premises and other property hereinafter described, being n part of said Mortgage, and encumbered premises, from the liens and operation of said Mortgage ' i and other liens; i NOW,. THEREFORE, KNOH' YE, that the said Mortgagee, in considera- tion of the premises and the sum of Ten Dollars (510.00) and other good and valuable considerations 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 i of said Mortgage and other liens referred to above unto the said Mortgagor, its successors and assigns that certain portion ~f the premises conveyed by said ~Zortgage, and other liens referred to above more particularly described as follows: Condominium Unit 4132, SEAS('APE I CLUSTER - PHASE (A), a ndominium, according to the Declaration of Condominium recorded - September 11, 1980 , in Official Records Book 338 , at Page 1033 , of the Public Records. of St. - Lucie County, Florida. i - i 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 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 28ttday of August, 1980. i Signed sealed and delivered THE F[RST NATIONAL BANK OF CHICAGO, i in the presence of: a national banking association Q- .si - 1 2 - _ J _ Attest: - This instnlmc n! ~r~rzre<I by: ` KEti1di;~'ii J. ti~'L'1L rLOYn rT:~rsc~~ ~'ri:1YART RICHMAN Assistant Vice President GRi:i:R ~ ~t'i;IL, F.A. twenty-Tilth Floor One Biscayne Toner Mitimi, Flocic:a 33131 Yhonc: 377-(?24I BOa°RC~ p~~ X67 _