HomeMy WebLinkAbout1714 PARTIAL RELEASE OF MORTGAGE AND FINANCING STATEMENT
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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 Mortgagee 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 SEVENTEEN THOU-
SILND FIVE HLINDRED EIGHTY Dollars t7 _580_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 lpl of TARPON BAY YACHT CLUB CONDOMINIUM
according to the DECLARATION OF CONDOMINIUM dated
October 20, 1980 and recorded in Official Rec-
. ord Book 343 Page 482 Public Records
of St. Lucie County, Florida; together with the undivided
share of the COMMON 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 heirs 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
Ij 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. . _ ~~Bp
IN WITNESS WHEREOF, Mort a ee has caused these
g g presen~~ be • eie~'~iited
in its name and its corporate seal to be affixed, by~~~C~~r ct~~,i.cers,
~ this 18th day of Noveaber 1980 y ro 7~.
Signed, sealed and delivered :-i. 1 f•;
in the presence f : ~~#;~;r~j
FIRST NATIONAL BANK ?I~t~L!!~'9EACH
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~J~~1•~ Its: Ezecutive Vice President
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ATTEST: g
~ Its: /4ssistant C er
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STATE OF FLORIDA - - - - - Q
COUNTY OF PALM BBACH~. 1 `
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~ The foregoing instrument was acknowledged before me this 18th day of
Move e+?:",,, ~ . 19 80 , by T. L. Thornton and
the F~cecntive Vice President and Assistant Cashier
res -i ~ ~~~~IRST NATIONAL BANK IN PALM BEACH, a National Banking
Co-~ t~~R~~i~etialf of the corporation. _ -
E'e~ M;~~r; Notiary Public
~ORIOp CR ~ My Coraaission Expires s ~
X343 Psi 1~ - , ,
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