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HomeMy WebLinkAbout0701~~ SC19238 PARTIAL RELEASF. OF MO1tTGAGE LIEN WHEREAS, HUTCHINSON ISLAND LI!11ITI:D, INC., a Delaware corporation authorized to transact business in the State of Florida, hereinafter etilled "Mortgagor," by the following described documents gr:intc'd and conveyed unto THL' FIRST NATIONAL RANK Ol• CIIICA(~O, a national banking association, hereinafter called "Dortgagee" And its assigns, the premisec and property therein particularly described to secure the payment ~ .` the sum of ~r.oney i-c~reinafter mentioned with interest thereon: Mortgage given by 1IUTCIIINSON ISi.ANh LIMI'fl:D, iNC., as 1ortgagor, in favor of TILE FIRST NA'I'IONAI. RANK OF CHICAGO, as Mortgagee, dated June 2, 1980, and filed in Official Record Book 332, at Page 1703, in the Public Records of St. Lucie County, Florida, in the original amo+mt of Twelve Qlillion Seven Hundred Thousand Dollars (;12,700,000.00), together with an Assignment of Leases, Rents and Profits recorded in Official Record Rook 332, at Page 1728, and Assignment of Sales Contracts recorded in Official Record Book 332, at Page 1?35, and UCC-1 Financing Statement recorded in Official Record Book 332, at Page 1721, all of said documents filed in the Public Records of St. Lucie County, Florida, and all of said documents recorded on June 5, 1980; and in addition, aUCC-1 Financing Statement filed with the Secretary of State, State of Florida, on June 16, 1980, under File No. 1207244, between said parties; and WHEREAS, the said Aortgage has requested the said Aortgagee 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 Mortgage and other liens; VOW, THEREFORE, IiNOW YE, that the .said !~9orteagee, in consideration of the pre+r,ises and the sum of Ten Dollars ($10.00) and other good and valuable considerations to it in hand paid by or on behalf of the said me^;gagor at the time of the execution hereof, the receipt whereof is hereby acknowledged, does remise, release, quit-claim, exonerate, and discharge prom the lien and operation of said Mortgage and other liens referred to above unto tine said Vortgagor, its successors and assigns that certain portion of the premises ~~onveyed by said :Mortgage, and other liens referred to shove more ;:articularly described as fOIION'S: Condominium unit No. 7~~ CATAIIARA\' [I, PIIi~SE n, a Condominium, +3ccording t~ tt~e Declaration of Condominium recorded ."uly 15, 198U, in Official Records Book 334, at Page 2451, of the Public Records of St. Lucie Count ~, Florida. TO HAVE AND TO HOLD the same, with the appurtenances, unto the said Mortgagor, its successors and assigns forever, freed, exonerated and discharged of and from the lien of said Aortgage and every part the:•eof; 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 releasers therefrom, or anV of the rights and remedies of the holder thereof. IN WITNESS WHEREOF, the said Mortgagee has hereunto set its hand and seal this 1~day of November, 1980. . Signed sealed and delivered THE FIRST NATIONAL RANK OF CHICAGO, in the presence of: a national banking association Q• ,l __. . 'S'~'.~•t~r, i~~ith 1•.ax:r ., 1~~1.•Itll. 1' lo: ~'!:i ~ ~. x:31 Yi.ui~c: 3: 7-ULS i ~~ _ . Att -1- BOOK J`f ~ PACE 7O1, ~. _- -~ "