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HomeMy WebLinkAbout0860 1800266 DS - a~lri~r`~~ PARTIAL RBLBASB OF MORTGAGB 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 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 LIMITED, 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 Page 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 Official Record Book 332, at Page 1735, and UCC-1 Financing- Statement. recorded in Official Record Book 332, at Page 1721, all of said documents filed in the Public 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 operation of said lortgage 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: - I Condomitium Unit No. 7~_, CATAMARAN D, PHASE B, a Condominium, according to the - - Declaration of Condominium recorded July 15, 1980, ' in Official Recot~ds Book 334, at Page 2451, of the - Public Records of St. Lucie County, Florida. - 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 oc 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 this 2octflay of August, 1980. - - Signed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO,. ~ in the presence of: - a national banking association ~ Attest: This instrur,~ent prepared by; .ABBi8t8IIt YiCB President KEN~iETH J. WEIL FLOYD PEARSON S'1'EWART RICHMAI~I GRI;ER & V~'EIL, P.A. _1_ ~ Twenty-Fifth Floor - - One Ri~yne Tower Miami, Florida 33131 Q~~ Phone: 377.0241 800X~~ PAGE W~/ - w . - - - -