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506280
PAR~'1r1L RELEASE OF 1~1U1t1'GAGE LIEN
?YHE[tEAS, !{UTCli1NSON [SLr1NU L1~11TED, INC., a Delaware
cerporatiun authorized to transact businea-s in the State of Florida, hereinafter
rcllled "1lortgagur," by the following described documents granted and conveyed
:.nio Tl1E FIRST NATIONAL B;1NK OF CHICAGO, a national banking association,
hereinafter called "'~lortgagec" and its assigns, the premises snd property therein
,)a~ tirulariy .ie~cribcd to secure the payment of the gum of money hereinafter
mentioned with iciterest thereon:
tilortgage given by HUTCIiINSON ISLAND I.[M1TED, INC., as
~Sortgagor, in favor of THE FIRST NATION:11. B \NK OF CHICAGO, as Mortgagee, ;
dated June 19b0, 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 (512,700,000.00), together with an ~
Assignment oC Leases, Rents and Profits recorded in Official Record Book 33?, a,t
Page 1728, a?id Assignmenl of S.91es Contracts recorded in Official Record Book
332, at Page 1735, and t-Ci'-1 Financing Statement recorded in Official Record
Book 33?, at I'a f;e 1 i 21, all of said documents filed in the Public Records of St.
l,i:cic County, 1'l:~rida, and call of said documents recorded on June 5, 1980; and 'n
addition, a UC'C:-1 l:inancint; Statement filed with the Secretary of State, State of
Florida, on June 1G, 1980, under File No. 1207244, between said parties; and
1Y11EliF.AS, the srtid Mortgage has rec;uested the said Mortgagee to
release the pre:n;ses and outer property hereinafter described, being a-part of said
1'~rtgage, tl;td encumbered pro:r:ises, from ihcr lit~ns r?nd operation of said l~tortaage
a,id other Lien:,;
`(11:, T.II:Ri:I't~l:F., KNOt1' Y1:, tl:et the scLid :Sortgagee, in
r ;isl~.•:•;itti ~r, of :i,e pre, uses Hnd the sum of "C~~~) i?~~llars (510.00) and other good
lnci vaiu~ii)1~' %on~iuer:iti~ns to it In tttind pair; or on bo;talf of the stud rrortgagor
at the titt:u o: th ~ execution hereof, the receipt whereof is he: ehy acknowledged,
~C'E`3 CL ~T:i~~. rei~ila~', gUlt-Cltlj~~, e`;ORC.^atC, titl(~ disoharge from tth llE'n and
operatic :t ct st:;rt ~tortgag~ tlr other liens referred to abo:•e unto the said
li:?rtl;;:.~n••, i ~ suoce;,ors and rlssi as that certilin -,ortion of the premises conveyed ~ .
r,~' ~a~-i ;:•,~r,i~e, tt~ui ostler fi.~nti referred to above more p~~rtirul:arly described as
~_o,?do:ninit,nt l°nit Vo. 7233. t~.1'I't1'~1_'1KAti 11,
YNASE C, ri •Condominium, r~'ccording to t!ir~
1>~elaration of Condominium recorded July 15, 19fi0,
ir. t~ffiei?il Records E3ooit 33.1, nt I'r,ge '?451, of the
Pilbiic iLecord4 of St. (,uric Count', t'lorida.
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"1'Ci 1i:11"E ~1`t) 'ft~ NnLn the same, with the App::rtenences, ,snto the
s~tui '~Ic)^t~~igor, its successors and assigns forever, freed, exonerated and
cisch.t,~et1 of jlnd from the lien of said ;~iortgr~ge and every part thereof; provided
a nevertheless that nothing herein contained shall in anywise impair, alter or
di ttinisit t~tc effect, lien or encumbrance of the aforesaid :1'Iortgage and other liens
:~•icrrec' to above un the remaining property of said mortgaged premises, not
he. *~lcus~~d therefrom, or any of the rights and remedies of the holder thereof.
1~' t':1"1'NESS t?'III:REOF, the said ~iurtgnaee h!a hereunto set its hand
~:ad ~~~;~1 '.~:i~ ~th,~gy of Septe,nber, 1980.
~,,f'~i ~<~,itc''' :.::c' uelive; c~, Tt1F. F[I1SI' fInN:1I. HANK OF Clll('_~GO,
iCi viii' ),^C .:';i~•i' 11 natlOnftl t),lnhing R~~ociation
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