HomeMy WebLinkAbout1277 GROBER/01-23082892
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P~\RTIAL itF.LEASf: OF 11(?K"1'(;.Zi;F: LIEN
W1IEREAS, IiU'I'('lI1NSON IS1.AN1) I.11~11'1'GI), INC:.. a Delc,ware
eorporalion authorized to transact business in the State of Florida, hereinafter
called "Uortgagor," by the following described doc~:mints braated and conveyed
unto THE FIRST NATIONAL BANK OF ClI1CAG0, a national banking association,
hereinafter called "Mortgagee" and its assigns, the premises and property therein
Particularly ~lescrib~d . to secure the payment of the sum of money hereinafter
mentioned with interest thereon:
Mortgage given by HUTCHINSON ISLA:STD LI1~IITED PARTNERSHIP, as
Mortgagor, in favor c:f THE FIRST NATIONAL BANK OF CHICAGO, as 'Mortgagee,
dated December 4, 1978, and filed in Official Record Book 229, at Page 991, in ttie
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 IiU'CCIiINSOI\ ISLAND
LIMITED, INC. assumed the indebtedness secured by said hiortgage, and increased
the indebtedness to the principal sum of Thirteen Million Dollars (;13,000,OQ0.00),
together with an Assis-nment of Leases, Rents and Frofits recorded in Official
Record Book 229, at Page 1002, and UCC-1 Financing Statement recorded in
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
Staterrrent filed with the Secretary of State, State of Florida, on December
1978, under File No. 96G909, between said parties; and
1VHF.KEAS, the said tilortgage has requested the said Mortgagee to
release the premises and oUrec property hereinafter described, bei:gig a part of said
\lortaa;e, and encumbered premises, from the liens and operation of said 1~lortgage
and other liens;
NON', TIIF.REFORE, ti~fOtid YL•', that the said llortgR~ce, in considera-
tion of the premises tcrd the sum of Ten Dollars ($10.00) and other good and
valuable considerations to it in hand paid by or on behritf of the said mortgeaor at
the time of the execution hereof, the receipt whereof is hereby acknowiedoed, does
remise, release, quit-claim, exonerate, and discharge from the lien and operation
of said ~9ortgage and other liens. referred to above unto the said tiIortgagor, its
successors and assigns that certain op rtion of the premises conveyed by said
`Mortgage, and other liens referred to above more particularly described as follows:
~ Condominium Unit 4101, SEASCAPE I CI,US'fER -
~ PHASE (A), a Condominium, according to the
Declaration of Condominium recorded
September 11, 1980, in Official Records Eook -
338 at Page 1033 , of the Public Records ~f St.
I Lucie County, Florida.
` '1'O HAVE ANU 'TO HOLD the same, with the appurtenances, unto the
1 said ~.lortgagor, its successors and .assigns forever, freed, exonerated and
discharged of and from the lien of said l~lortgage and every part thereof; provided
$ always, nevertheless that nothing herein contained shall in anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesaid Vlort^;~=~e 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 1~'ITI\F.SS WHEREOF, the said 1lortoasee has hcrcunif~ set its hand
and seal this 28th clay of August, 1980.
Signed sealed a,,d delivered Tllli FIRST NA'I'IONr1r. !3 -'1~ji: ir:' CII1C:1(;O,
~ in the presence uf: a national t3:inking association
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i Attest:
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$ Ti;i:-, ins t.;ur.c nt pr:~rclrccl 1?y; - -
lu::::•::::1I .1. wI:IL sib n Vice President
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