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Campbell/O1-2308220T 'j-
SU'79'71
PARTIAL RELEASE OF 1~lORTGAGE I.II?N
WHEREAS, lIUTCHINSUN ISLAND 1.1~11'1'la), INC., H Uelawe;re
corporation authorized to transact husiness in the State of l~lorida, i~treinafter
called "Mortgagor," by the following describeu documents granted and conveyed
unto TtIE FIRST NATIONAL BANK OF CHICAGO, v national h~mkina a;;ocirrtior.,
hereinafter called "Mortgagee" and its assigns, the premises anti property therein
particularly described to secure the payment of the sum of ,ncy hereinafter
mentioned with interest thereon:
itlortgage given by HUTCHINSON ISLAM) LI:~llTF.f) PARTNERSHIP, as
1'fortgagor, in favor of THE F1RST NATIONAL BANK OF CHIC=1Gn, as tilortgagee, '
dated Ueeerrber 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 (612,000,000.00), and as modified by Modification of ~lortgaoe
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 (613,000,000.00),
together with an Assignment of Leases, Rents and Profits recorded in Official
Record Book 229, at Page 1042, 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
Statement filed with the Secretary of State, State of Florida, on December
1978, under File No. 966909, between said parties; and
tti`HEREAS, the said Mortgage has requested the ~~rid 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 ti7ortgage
and other liens; •
3
NON, 'I't!F•.REFORE, ICNOIt YE, that the said `7ortgt+gee, in considera- i
tion of the premises and the sum of Ten Dollars (610.0(?) and other good and
valuable considerations to it in hand paid by or on behalf cif the srid rno~tgsrgor at
the time of the execution hereof, the receipt whereof is hereby acicnov~ledged, does
remise, release, quit-claim, exonerate,. and dis~rharge from the lies and operation
of s~.id ~lortg~ge and other liens referred to rtt;uve. unto the said ~lort;agor, its
succca~ors and assigns that certain rtion of the premises conveyed by said
~ Mortgage, and other liens referred to above more particularly described as follows:
Condominium Unit 4103, SEASCAPE I CLUSTER -
PHASE (A), a Condominium, according to the
Declaration of Condominium recorded
September 11, 1980, in Official Records Booi:
~ 338 , at Page 1033 , of the Public Records of St.
Lucie County, Florida.
TO RAVE AND TO HOLD the same, with the appurtenances, unto t?re
said Mortgagor, its successors and assigrrs forever, freed, exonerated and
discharged of and from the lien of said Mortgage 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 Mortgage 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 1VI'I'NESS WHEREOF, the said 4iortgagee has hereunto set its hand
and seal this 28th day of August, 1980. f
t Signed sea~~d and delivered THI: FIRST ;l ATION:II, BANK OE CHICAGO,
in the presence of: a national banking association
G~ Q•
i
Attest: •
Ti;is im hr.:rrn! ~rs~~'IfP(I hy: .
I{L::\'i:Tn a. «'L•'IL A88i8 ant Vice President
I•-i.nYD r~::ti~t ti_~ fi"i'I:1ti'AR'T RICIIi\1AN
7~~enty-I'iilh Floor
Onc IZis~~ayne 'I'o:tcr
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