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PARTIAL RELEASE OF MORTGAGIi AND FINANCING_STATE_hIENT
5Q'7630 ~ ,
WHEREAS, S.C.S. TARPON BAY, INC., a Florida corporation, hereinafter
referred to as "Mortgagor", by Mortgage Deed dated the 28th day of
September, 1979, and recorded in Official Record Book 317, Page 2403,
public records of St. Lucie County, Florida, mortgaged unto FIRST
NATIONAL BANK IN PALM BEACH, a National Banking Corporation, its
successors and assigns, hereinafter referred to as "Mortgagee", the
premises therein particularly described, to secure the payment of the
sum of Seven Hundred Eighty Thousand Dollars ($780,000.00) with interest
as therein mentioned, as further secured by that certain Financing
Statement recorded in Official Record Book 317, Page 2415, public
records of St. Lucie County, Florida:
AND WHEREAS, Mortgagor has requested tortgagee to release the premises
hereinafter described, being part of the encumbered property, from the
lien and operation of the Mortgage and the Financing Statement:
NOW THEREFORE; Mortgagee, in consideration of the sum of Nineteen Thousand
Three Hundred Dollars ($19,300.00 ) paid to it by Mortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien.
and operation of the Mortgage and the Financing Statement unto Mortgagor,
all that piece, parcel or tract of land, being a part of the encumbered
property, to-wit:
UNIT 308 of TARPON BAY YACHT CLUB CONDOMINIUM
B , according to the DECLARATION OF CONDOMINIUM dated
October 20, 1980 and recorded in Official Rec-
ord Book Page -~82 Public Records .
of St. Lucie County, Florida; together with the undivided
share of the COI?IMON ELEMENTS of the Condominium declared
in the Declaration to be appurtenant thereto;. together
with all appurtenances thereto, including, without limi-
tation, the right of exclusive use of those areas, spaces
and portions of COMMON ELEMENTS of the Condominium, dec-
lared in the Declaration of Condominium to be LIMITED
COMMON ELEMENTS of the Unit.
TO HAVE AND TO HOLD the same, with the appurtenances, unto Mortgagor,
its heir-s and assigns forever, freed, exonerated and discharged of and
from the lien of the Mortgage and the Financing Statement, and every
part thereof; Provided, however, that nothing herein contained shall
in anyway impair, alter or diminish the effect, lien or incumbrance of
i the aforesaid Mortgage and the Financing Statement of the remaining
~ part of the property not hereby released therefrom, or any of the
~ rights and remedies of Mortgagee.
i
! IN WITNESS WHEREOF, I?lortyayee has caused these presents tc~.`~~`.~~cec~ted
in its name and its corporate seal to be affixed, by ii<~;~~`~pe,~~ q#'f,~eers,
this 17th day of November 19 80. dv~x :r-~
( Signed, sealed and delivered f~~~• ~ _
~ ~
in the resence of: r~
p (~i ~xht ~Sea'1~
.
~-P FIRST NATIONAL BANK IN~,~'~~s..a ~ACH
/ '
~ .Its: Executive Vice President
~~0 hJ'! I8 ~ 3. 59 ~
~ ~ ATTES .
~ _ ,rv.. _ ` _ ~ I is . Assistant ier
STATE OF FLORIL9A • ~ ~ Q ~
~ COUNTY OF PALM BEACH 5Q'7s3Q
i
The foregoing instrument was acknowledged before me this 17th day of
November 19 80 b and
~ Y T. L. Thornton
Do J § the .YP~,~tiv yi ~P Prpsi aPn~nd OaAi At Ant rnchier
respec~i~ elp':of-FIRST NATIONAL BANK IN PALM BEACH, a National Banking
Corpo~~l~io~~~c~rbetfalf of the corporation.
(SEAIs)v~~= sae,•~+ . s
`v,. P, g t.1~. ! No ary Public i~~3
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~LOtlla`,,,; M Commission Expires: -
~ o~c 343 PacE 106 _
800K