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HomeMy WebLinkAbout0614 ~ add - ~ 502249 PARTIAL RELEASE OF MORTGAGE LIEN 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: l~iortgage 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 1?28, 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 staid Mortgage and other liens; NOW, THEREFORE, KNOW YE, that the said Mortgagee, in consideration 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 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. 7534, CATAMARAN D, PHASE B, a Condominium, according to the f Declaration of Condominium recorded July 15, 1980, ~ in Official Records Book 334, at Page `1451, of the Public Recards of St. Lucie County, Florida. TO HAVE AND TO BOLD the same, with the appurtenances, unto the said tiiortgagor, 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. 1N WITLESS WHEREOF, the said Mortgagee has hereunto set its hand and seal this ~ day of August, 1980. _ Signed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO,. in the presence of: a national banking association Q-~ v ~ Attest: Tl:;s in=trumert prc~p;;rYl by; S31$ta.Yit .Yic© yresidct~t RI:tiNF.TH J. ~Y1;IL FLOYD FI:ARSO\i S"I'FWART RICHMAI~T 'I\~•e~ty-Fifth Floor One Biscayne Tower Miami, Florida 3;3]31 ~~-o~~l 8340 PacE 614 _ _ _ -