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PARTIAL RELEASE OF MORTGAGE LIEN
WHEREAS, HUTCHINSON ISLAND LIMITED, [NC., 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,?00,000.00), 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 5, 1980; and in
addition, aUCC-1 Financing Statement filed with the Secretary of State, State of
Florida, on June 16, 1980, under File No. 1207244, between said parties; and
WHEREAS, the said Mortgage 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; -
NOjV, 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 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 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. 7652 , 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 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 r
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 25thday of August, 1980.
Signed sealed and delivered THE FIRST NATIONAL- RANK OF CHICAGO,
in the presence of: a natianal banking association
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1 Attest:
This instn:mcrt pr;tn~c:1 by: BSident
I{I:h'NE I'H J. WEIL ~88~8taII'~i, ~~99 _ _ w . _ _
i'LO~'D PEARSON STENART RICHMAN
'11a~enty-fifth Floor
Qne Biscayne Totivei
Mir+mi, 1.7orida 33131
~ Phone: 377-tell ~ PL~E~~
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