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PARTIAL RELEASE OF MORTGAGE LIEN
WHEREAS, HUTCHINSON ISLAND LIM[TED, 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 TH1's FIRST NATIONAL BANK OF CHICAGO, a national banking association,
hereinafter called "Mortgagee" and its assigns, the promises 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
Mortgagor, 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, F1orlda, 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 Million Dollars 013,000,000.00),
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
lllortgage, and encumbered premises, from the liens and operation of said Mortgage
and other liens; -
NOW, THEREFORE, KNOW YE, that the said ~'Iortgagee, in considera-
tion of the premises and the sum of Ten Dollars (E 10.00) and other good and -
valuable considerations fo 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 eortion of the premises conveyed by said
Mortgage, and other liens referred to above more particularly described as follows:
Condominium Unit 4164 , SEASCAPE I CLUSTER -
PHASE (A), a Condominium, according to the
` ~ Declaration ~ of - .Condominium recorded
September 11, 1980, in Official Records Book
33 , at Page , of the Public Records of St.
Lucie County, Florida.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said 1~Iortgagor, 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 remaiting property of said mortgaged premises, not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
IN W[TNESS K'HEREOF; the said Mortgagee has hereunto set its hand
and seal this 28th day of August, 1980.
1 Signed sealed and delivered THE i+'IRST NOTIONAL RANK OF CHICAGO,
in the presence of: a national banking association
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Attest:
'I'ris in~tn~rncnt prc~zred hy: .
KENNIsTil .I. WEIL Ae$18 t~ giae President
F'LflYD PF:AItSON STFWAR'I' RICHMAN
GItEER & WEIL, P.A.
Twenty-Fifth Floor
One Biscayne Tower
MIHmi, Florida 33131
~ Phone: 377-0241 . ~ g~341 t~ 252
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