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PARTIAL RF.I.r•.ASE OF MORTGAGE LIEN
WHEREAS, HUTCHiNSON ISLAND [.IMITF.D, INC., a Delaware
corporation authorized to transact business in the State of Florida, hereinafter
called "Mortgagor," by the following described documents granted and conveyed
unto THE FIRST NATIONAL BANK OF CHICAGO, a national banking association,
hereinafter called "Mortgagee" and its azsigns, the premises and property therein
particularly described to secure the payment of the sum of money hereinafter
mentioned with interest thereon:
Mortgage given by HUTCItiNSON ISLAND LIMITED, INC., as
'Mortgagor, in favor of THE FIRST Nr1TIO,iAi. BANK OF CHICAGO, as 1ortgagee,
dated June 2, 1980, and filed in Official Record Rook 332, at Page 1703, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve
Million Seven Hundred Thousand nollars (512,700,000.00), together with an
Assignment of leases, Rents and Profits recorded in Official Record Book 332, at
Page 1728, and Assignment of Sales Contracts recorded in Official Record Rook
332, at Page 1735, 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 !<1ortgage has requested the said Mortgage 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;
NOW, THEREFORE, KNOW YE, that the .said Mortgagee, in
consideration of the premises and the sum of Ten Dollars (510.00) and other good
and valuable considerations to~ it in hand paid by or on behalf of the said mortgagor
at the time of the execution hereof, the receipt whereof is hereby acknowledged,
does remise, release, quit-claim, exonerate, and discharge from the lien and
operation of said Mortgage and other liens referred to above unto the said
Mortgagor, its successors and assigns that certain ortion of the premises conveyed
by said tilortgage, and other liens referred to above more particularly described es
follows:
Condominium Uni• No. ~~ CATAAtAF:AN Il.
PHt~SE I?, a Condom~nn„n, accordir.~ to the
Declaration of Condominium recorded July 15, 1980,
in Official Records P,ook 334, at Pagc ~' 151, of +. he
Public Records of St. Lucie County, Florida.
TO iiAVE AND TO HOLD the same, with the appurtenances, unto the
said- ,1lortgegor, its successors and assigns forever, treed, exone~ ated and
discharged of and from the lien of said Mortgage and every part thereof; provided
~lwa;~s, nevertheless that nothing herein contained shall in anywise impair, alter or
diminish the effect, li'~n or encumbrance of the aforesaid Mortgage and other liens
referred to above o:i the remaining property of said mortgaged premises, ~ not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
IN WITNESS K'HEREOF, the said ti4ortgagee has hereunto set its hand
and seal this /~ day of November, 1980.
Signed sealed and delivered THE FIRST NATIONAL BANK OF CHICAGO,
in the presence of: a national banking association
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~ -ter _, Jt'- ` 1 )_li~\~ l ~,.~ By
Attest:
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Onc 13iscaync T~-~ti~er
Miami, ly7urid~ 3.3161
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