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SU2958
PAR1'lAl. RELF.ASL' OF 11U1t'1'GA(;E LIEN
~~'IiI:REAS, HUTCHINSON ISLAND 1.1~11TED, INC., a Delaware
corporat~un authorized to transact business in the State of Florida, hereinafter
erelled "~lortgligor," by the following described documents granted and conveyed
unto TH1: FIRST NA'f10NAL BANK OF CIIICA~~O, a national banking association,
~lereinaiter ctilleJ "Mortgagee" and its assigns, the premises and property therein
particuiarly described to secure the payment of the sum of money hereinafter
mentionecJ ?vifh interest thereon:
~ic'rtgage given by liU'CCIIiNSON ISLAND L1~IITED, INC., as
`Iortgt~gor, in favor of THE FIRST NATIONAL. BANK OF CHICAGO, as iVlortgagee,
dated Jur?e 3, 1980, and filed in Official Record t3ook 332, at Page 1?03, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve
irliliion Seven hundred Thousand Dollars (512,700,000.00), together with an
Assil;nmeni of Leases, Rents and Profits rc~ocdcd in Official Record Book 332, at
Page 1 ~ 28, And _lssignment o; Sales Contr:lets recorrec! in Official Record Book
33?, at Page 1735, rrnd UCC-1 Financing Statement recorded in Official Record
E;~ok 332, :It Page 1; 21. R11 of said documents filed in the Public Records of St.
Lucie County, Fidrida, and all of said documents recorded on June 5, 1980; and in
nc'dition. a UCC-1 Financing Statement filed with the Secretary of State, State of
(~~rida, crl du:te 16, 1980, under File No. 120 ~ 2-1•t, between said parties; and
t':IlERE:~S, the paid tilortga~e hrls rectucsted '1?e said :Mortgagee to
reca;e thr: prerttises and other property hereinafter described, being a part of said
~lortgao~~. rrnd encumbered premises, from the liens and operation of said ~tortgafe
and other l; ins;
N04~, 1'l1EREFORI?. KNOW YT:, tt:at the staid 'aortgagec, in
co~ls:deraivi~ of the premises and the surn of 'L'en Dollars (510.00) and other good
3^.'.: 1lSl!!.°.J.? ^~:'.S:L°r8t!^nS tQ it i:3 h3n~ t2.°.i:l l?j OC !3:= 1.`°l:alf ~f tF:!' S.41d :::4?rtg8~'^r
at the tilt~e of the execution hereof, the recei~,t whereof is '?e;eby acknowledged,
dies rerni~e, release, quit-clRim, exonerate, rrnd discharge from the lien and
operation of said :4lortgage and other liens referred to above unto the said
'.lortgagor, its succt~ssors and assigns that certRin orp tion of the premises conveyed
by said ~;c,ri;r~;e. and other liens referred to tlbove more particularly described as
fa!:c~ttis:
(;ondominiurn L'nit Vv. 7224 '':1T:~1~1 ARAN ll.
PH ?.SE C, a Condominiurrl, a~•c~)rding to i.e
Uccleratior? of Condominium rccorc'crr. July 15, 1980,
in Official Records F3oo~ 334, n?_ I'tr~;e 2451, ~f the
l';:bl?~~ Records of St. Lucie Cntult~. Florida.
"1'7 H:;4'i: A:V1) 'I'l) IIUt:i) the saw?c, :vit`i the appurtenances, unto the
~Ji~d ?tc."i~tc•1,Ui•, its succe-;;r~rs lu>:d fl~Sl'nS forever. freed, exonerated AIU~
:~:•:citar:;~d of .l;ICI trv:n the li~';1 of said llortg:~t•> rrnd every part thereof; provi~,ecl
~~lwrr~':~. s;::1.•,>; ;;,ehs_~ that aot'~in~± trc>rein contain. c! ~hrll: In any ise impKir, .•;<iter err
''i.}il(li~ti '1it`Ct, lien O?' t'>:••Uli:7r~nCe Uf 1l G iri~~:'('~',I:.' .~~?I'tL!~t,C i3l1C' 4tlrC'i 1+.~'ns
r~_i^rCC.•;? ui:C•V^ On tlic? rATitAiltl::~ 1)rUpl'I':)' f~' tit!itl fJ1Urt~-; J;~~E'd ~fnl(?!S(";, rlOt
l~u"eb•: r~.(e:i~c<.l ;herefrosr., i•r •.r)y cf Il:e right; .,:~~1 •':~red~es c~. tlrc eol~ler tt;r_reof.
l:: t~'I~'NI:SS ?~'lil:f;':UF. the saki '-;rs..t~,~:~ec t:+r~ i~c •c~rnto its h9nd s
tl~tci ;;e••,~ t~ 25thdt:y e.` S,1pt~~ ;r~r~r. ;9P0.
S;;;:v•r1 c-tlcci .u.d deliv~r~t 'flli: FlKSi- . 1)ti,~t ~;(i (.?1~ f'Nt'':\GO, i
In tia! tK'(•S~~C,'e cal: a !lat10'It)1 :irht:~~ AS:iOCIrlttQll '
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