HomeMy WebLinkAbout1674 1801232 CM !
504'71'7
. PARTIAL RELEASB OF MORTGAGE 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" end 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 PARTNERSHIP, as
Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee, c
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 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 (;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 i
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 7,
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 th_e 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 lion of the premises conveyed by said
Mortgage, and other liens referred to above more particularly described as follows: ~
i
Condominium Unit 417b SEASCAPE ICLUSTER - ~
PHASE (A), a Condominium, according to the ~ i
Declaration of - Condominium recorded
Sept. 11, 1980 in Official Records Book
~ ~ ~~S , at Page ~ 1Q~, of the Public Records of St.
f Lucie County, Florida.
~ TO HAVE AND TO NOLD the same, with the appurtenances, unto the
said Mortgagor, its successors and assigns forever, freed, exo»erated and.
f discharged of and from the lien of said Mortgage and every part thereof; provided
~ always, nevertheless that nothing herein contsincd shall in anywise impair, alter or
~ diminish the effect, lien or encumbrance of the aforesaid.l4ortgage 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.
1N WITNESS WHEREOF, the said Mortgagee has hereunto set its hand
and seal this Igo day of August, 1980.
Signed sealed and delivered THIS FIRST NATIONAL BANK OF CHICAGO,
in the presence of: a national banking association
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~ Attest:
'I'ris instn!mcn! prep~rcd hY:
! KENNE~:TEi J. W!sIL ~55~ 8?^~~ ~~Cti PTESi~~erit
1~ LOYI) P?:.11;SON S'rI.W14R'f RICHMAN
~ Twenty-Fifth Flaor _ ,
One Fiscnyne '1'oK•er
'OR
Miami, Florida 33131 b00i( -
Phoncs: 377-07A1
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