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PARTIAL RELEASE O1' MORTGAGE LIEN
WHEREAS, HUTCHINSON ISLAND L1N1'i ED, INC., a Delaware
corporation authorized to transact business in the State of Florida, hereinafter
called "Mortr;agor," by the following described documents granted and conveyed_
unto THE FIRST NATIONAL RANK OF C111CAC~0, a national banking association,
hereinafter called "Mortgagee" and its assigns, the premises and property therein
nc,rlicularly described to secure the payment of the srrm of money hereinafter
r:~entionei with interest thereon:
• '~lortbage given by HUTCH1NSOV ISLANTJ LIM1tITF.D, INC., as
itlortgagor, in favor of THE FIRST NA'1'IONAI, R 1Ni{ OF CHICAGO, as Mortgagee,
dated Jur?e 2, LS80, and filed in Official Record hook 332, itt Page 1703, in the
Public Records of St. Lucie County, Florida, in ttze original amount of Twelve
Million Seven Hundred Thousand Dollars (~l'1,7C0,0(10.00), together with yin
Assignment of Leases, Rents and Profits recorded in nfficixl Record Book 33?, pt
Pate 1'28, ar:d Assignrneni of Sales Contracts recorded in Official Record Book
332, at Page 1735, and UCC-1 Financing Statcrzcnt recorded in Official Recor:;
Book 332, a: Page 1'21, all of said documents filed in the Public Records of St.
I,ucic County, Florida, and aU o: said documents recorded on June 5, 19$0; and in
a~.dition, a ''CC-1 Financing Statement filed with the Secretary of State, State of
Florida, on June 16, 1980, under File No. 1207244, between said parties; and
W iiEREAS, the said Mortgage has requested the said Mortgagee to
release the premises and other property hereinafter described, being a part of said
Rio.^tgage, and encumbered premises, from the liens and opecation-of said Mortgage
and other liens;
N01ti', 1'IIEREI•'ORL•', KNOW 1'E, that the said Mortgagee, in
c~:nsidcration of the premises and the sum of Ten Dollars (510.00) and other good
and vatuahlc considerations to it in hand paid by or on behalf of the said mortgagor
at tl;e tic?~e of the execution hereof, the receipt whereof is hereby acknowledged,
does rer:~ise, release, quit-claim, exonerate, and discharge from the lien and
op~~r•ution of said Mortgage and ottrer liens referred to above unto the said
~;;;r:;~JC,r•~ itJ SUCC~'SSQCS ?in~l a~ibns that certziin orb tion of the premises conveyed
try said ':i~~:•t_ eYnd other liens referred to above more particularly described as
follo~,~^ .
t'nnciominiuai Lnit No. 7243, G :"I':111Ai~r1N li.
P11:1SE L, a C:or~dominiur.:, e~•eurding to the
Ueda;ation of Condominium re~•or~~ed July l5, 1980,
in Official Itecorcjs Rook 334, +~t Pnge 2151, of the
Yubiic Records of S:. ;,uric County, lo: ida.
r
'TG H,14E aNll T(~ HnI.T) the s~in~~r, with ilin .°.t^.p!lrt^.iui~L'~^..:, urrty tiic:
said 11ort~er~or, its succes-sars and assigns forever, freed, exonerated and.
~ dist;lrrgeu of and from the lien of said ?11ortQFZl;c~ and every part thereof; provided
l rrl:tia}'s, ncwerihelesS that nothing herein contained siwll in anywise impair, alter or
diminish the effect, lien or ezticumbrance of the ~~foresaid Mortgage and other liens
referred to above at the remaining property of said mortgaged premises, not
~ hereby relezised therefrom, or any of the rights and remedies of the holder thereof.
IN i~'ITNESS WHF,REOF, the said 19origagee has hereunto set its hand
and seal this 19thday of September, 1980.
~ Sii;rc~ci seared frnd delivered THE FIRST NATIONAL B.1NK 7F CHICAGO, •
ut the presence of: a national banking a~oeiation
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G~.~G o ~ -
Attest: _L~~7C~..-- ~ ~i'.LC~../' _
LOQ/~ is<?
This ir.r~r~..,.,..........,.,.,,a ~Y,
rLO~'n pr•.h ; i t ttICHMA,j~j -1 .
c:i~ t'.A.
~ Inc 1,i~:, n.• '1'owc•r BOOIi~~~ PAGE tJl)l)
rl;.uni, icla 331
1'h~i:e: 3?7.42,ij
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