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SU4241
PARTIAL RELBASB OF MORTGAGE LIEN
WHEREAS, HUTCHINSON ISLAND LIMITED, INC., a Delaware
corporation authocIzed to~transact business in the State of Plorida, hereinafter
called "Mortgagor," by the following described documents granted and conveyed
unto THB 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 LIMITBD, INC., as ;
Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee,
dated June 2, 1980, and filed in Official Record Book 332, at Pege 1703, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve !
Million 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 OffIeial Record Book
332, at Page. 1735, and UCC-1 Financing Statement recorded iii Official Record
Book 332, at Page 1721, all of said documents filed in the Pubfle Records of St.
Lucie County, Florida, and all of said documents recorded on June 5, 1980; and in
addition, aUCC-1 Financing.Statement filed with the Secretary of State, State of
Florida, on June 16, 1980, under File No. 1207244, 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
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 the execution hereof, the receipt whereof is hereby acknowledged,
does remise, release, quit-claim, exonerate, and discharge from the lien and i
operation of said Mortgage and other liens referred to -above unto the said
Mortgagor, its successors and assigns that certain portion of the premises conveyed
by said Mortgage, and other liens referred to above more particularly described as ~ ~
'i follows: ~ ~
Condomitium Unit No. 7223, CATAMARAN lI,
~ PHASE B, a Condominium, according to the -
` Declaration of Condominium recorded July 15, 1980, ~ _
in Official Records Book. 334, at Page .2451, of the
Public Records_ of St. Lucie -County, Florida. -
i
TO HAVE 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 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 thisLSthlay of August, 1980.
Signed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO,
in the presence of: a national banking association
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Attest: ~
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~ This instrument re r '
FLOYD PF,ARSON STEWART RICHMAN - - - ~ J
GRCER & VVEII,, P.A. _1_ -
Tkenty-Fifth Floor
r One Bisca
yne Tower a
. Miami, 1•'lorida 33131 BOOK 3~ PAGE tJ~J~
Phone: 37?-0241