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HomeMy WebLinkAbout0100 . O1-23080805/GILLENGERTEN ~i F. f 503826 PARTIAL RELEASB OF MORT(3AGB 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 TH8 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 PARTNBRSHIP, as , Mortgagor, in favor of THB 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 3une 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 Million Dollars (;13,000,000.00), 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 Statement filed with the Secretary of State, State of Florida, on December 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 Mortgage and other liens; NOW, THEREFORE, KNOW YE, that the said Mortgagee, in consider- - 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 an 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 port;on of the premises conveyed by said Mortgage, and other liens referred to above more particularly described as follows: ~ Condominium Unit 4192, SEASCAPE ICLUSTER - t PHASE (A), a Condominium, according to the ' Declaration of Condominium recorded Sept. 11,, 1980 , in Official Records Book at Page 1033. , of the Public Records of St. Lucie County, Florida. ~ . TO RAVE 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 :lens ' 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 17 day of August, 1980. ' Si ed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO, in the presence of: a national banking association ~Q ~ _ l ~ Attest: ~ This insin:ment prepare8 bY: KCNNI:TL1 I. WI;IL FLOYD PEARSON STI~:~VART RICH1~iAN Assistant Vice prey! 3e??t GIZRER & 1NEII.. P.A. Twenty-TSfth Floor One Aisc~yne Tower ' Miami, 1•`loricla 33131 € Puo~: 377-0211 ~ go~3~1 P~ 10Q '