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HomeMy WebLinkAbout0820 'i J SO42~ PAR'1'lAL RF.LF.ASE.OI•' MOlt1'GAGE LIl•:N WHEREAS, HUTCHINSON ISLANn [.1~1ITED, INC., a Delaware ~ocporation authorized to transact business in the State of Florida, hereinafter called "1~tortgago:," by the following described documents granted and conveyed unto TH1; FIRST NATIONAL BANK OF CIIICAGO, 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 HUTCIiINSON ISLAND LIMITED, INC., as ~:ortgagor, in favor of THE FIRST NATIONAL EiANK OF CHICAGO, as Mortgagee, dated June 2, 1980, and filed in Official Record Book 332, at Page 1?03, in the Public Records of St. Lucie County, Florida, in the original amount of Twelve tilillion 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 1728, 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 PAC 1721, all of said documents .filed in the Public Records of St. Lucie Comity, Florida, and all of said documents recorded on June S, 1980; and in addition, a UCC-1 Financing Statement filed with the Secretary of State, State of Florida, ort June 16, 1980, under File No. 1207244, between said parties; and W11E('.EAS, the s;3id Mortgage has requested the said :Mortgagee to release the premises and other property hereinafter described, being a part of said lortgage, and en^umbered premises, from the -liens and operation of said :Mortgage and other liens; - - NOtti, 1'HERFFORE, KNOW YE, that the said ~'tortgagee, in • consideration 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 tha execution hereof, the receipt whereof is hereby acknowledged, does remise, release, quit-claim, exonerate, and discharge from the lien and _ operation of said :1ortgage and other liens referred to above unto the said Mortgagor, its surce~ors and assigns that certain ortion of the premises conveyed by-said :.Iortgage, and other liens referred to above more particularly described as follows: i I, Condominium Unit No. 7241, Ct1TA!.ARAN lI, PHASE C, a Condominium, according to the Declaration of Condominium recorded July 15, 1980, in Official Records Book 334, at Page 2951, of tl~e i'uhric Records of St. Lucie County, Florida. TO H~1~'E AND 'I'O BOLD the same, with the appurtenances, unto the I 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 cii:ninisli the effect, lien or encumbrance of ttre~ aforesaid ylortgage 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. - I(t` WITNESS ~VHI:REOF, the said ~1u^tgag~e has he:cunto set its hand and ~es~l t,~i~ 19 _ dray of September, 1980. Signed 5~islecl and delivered THE FIRS"; NACION!1L [3;ZNK nF CIiICAGO, rn the presence of~ a national bnnf:ing association - - r v tip, P-~..~~.~- ~ - - Attest: ISL. y~ ~~~4vr~ f li t~ - :l h -1- rLVly p.F::~ ; ~ • races , ~ i11i. tui, f~lc,ric:~ :13131 1'i~„iu:: 371-0l~ ~ I - - _ _ _ s~~s~'