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' 5024'70
PARTIAL RELEASE OF MORTGAGE LIEN
WHERBAS, 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:
Mortgage given by HUTCHINSON ISLAND LIMITED PARTNERSHIP, as
1ortgagor, 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 dQillion Dollars (#13,000,000.00),
together with an Assi~~iment 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 1004, ah 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
release the premises and other property hereinafter described, being a part of said
Mortgage, and encumbered premises, from the liens and operation of said 1~lortgage
and other liens;
NOW, THEREFORE, KNOW YE, that the said Mortgagee, in considera-
tion 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 14ortgage 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 :.lescribed as follows:
Condominium Unit4100-D SEASCAPE 1 CLUSTER - -
PHASE (r1), a Condominium, according to the _
Declaration of Condominium recorded
September 11, 1980, in Official Records- i3ooi;
` 338 , at Page 1033 , of the Public Records of St.
Lucie County, Florida.
TO RAVE AND TO BOLD the same, with the appurtenances, unto the
said iVlortgagor, 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 28thday of August, 1980.
Signed sealed and delivered T:IE FIRST NATIONAL BANK OF CHICAGO, •
in :he presence of: a national banking association
1i~is instnlr^rn! pr~n~rc~d hY: Attest:
KCN1`:::"i'1! .l. l`.'EIL 818 Vice President }
f~ LOYD Pi:1i~St)\ ~ 1'i:~VAI~T RICH11dAN
GZia~.IZ & ~~'EIL, P.A.
Ttcenty-)F ifih 1• loot -
114iami, 1~ lorida 33131 ~K ~
Yhonc: 377-[!'L41 gQ(jx~ p~E ~ ~
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