HomeMy WebLinkAbout0199 - 01-23078700/PRESSENDO
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PARTIAL RELEASE OF MORTGAGE I.IF.N
W1IEREAS, HUTCHINSON ISLANI) L1ti1ITED, 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 n?oney hereinafter
mentioned with interest thereon: -
Mortgage given by HUTCHINSON ISLAND LIMITED PARTNERSHIP, as
Mortgagor, in favor of-THE F1RST NATIONAL BANK OF CHICAGO, as Mortgagee,
dated December 4, 1978, and filed in.Official Record Book 229, at Page 591, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve -
Million Dollars (512,000,000.00), 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
L1iN1TED, 1NC. assumed the indebtedness secured by said Mortgage, and increased
the indebtedness to the principal sum •of Thirteen Million Dollars (513,000,000.00),
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 f
Statement filed with the Secretary of State, State of Florida, on December R
19?8, under File No. 966909, 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;
NUW, THEREFORE, KNOW YE, that the said lttortgagee, in consider~-
tion of the premises and the sum of Ten Dollars (S10.fl0) and other good and
valuable considerations to it in hand paid by or on behalf-of the said mortgagor Ht
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 rtion of the premises conveyed by said
Mortgage, and other liens referred to above more particularly described as follows:
~I
~ Condominium L'nit 4162 , SEASCAPE I CLUS'T'ER - -
PHASE (A), a Condominium, according to the
Declaration- of Condominium recorded
September 11, 1980, in Official Records Qook
33g , at Page 1033 , 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 1/ortgage 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
referr^_d 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 «'ITNESS WHEREOF, the said Mortgagee has hereunto set its hand
and seal this 28th-day of August, 1980.
Signed sealed and delivered TfiF. FIRST N A'TIONAL BANK OF CHICAGO,
in the presence of: - a national banking association
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Ti~is ~nstntrncnt prer~rc~d uy: -
Ki'.NItT:"I'II •I. ~tiTIL -
rt,n~-n r~:1i;~c)ti ~-TI:tvAlt•r It1cEII?tAr1 Assistant Vice President
'Itsenty-fifth Moor
Onc Cscaync~ 'I'o«er
Dii:inti, Florid.i 331:31
Phone: 377-0241 g~3~ i'acE 1~ .
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