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PARTIAL RELEASE OF MORTGAGE LIEN
Condominium >E~nit No. 'jam, CATAMARAN II,
PHASE D, a Condominium, according to the
Decla •ation of Condominium recorded July 15, 1980,
in Official Records Book 334, at Pt,ge ?451, of the
Public Records of St. Lucie County, Florida.
WHERL:AS, HUTCIiINSON ISLAND. L1d11TF.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 CIIICAGO, a national banking association,
hereinafter called "Mortgagee" and its assigns, the premises and property therein
particularly described to secitrc the payment of the sum of money hereinafter
mentioned with interest thereon:
Mortgage given by hUTCIIINSON ISLAND LIMITED, INC., as
Mortgagor, in favor of TI]E FIRST NATIONAL t3ANK OF CIIICAGO, 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 amount of Twelve
Million Seven hundred Thousand Dollars (~12,700,0~10.00), together with an
Assignment of Leases, Rents and Profits recorded in Official Record Book 332, at
Page 1728, and Assignment of Sales• Contracts reco*decl in Official Record Book
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 Mortgage has requested the said hortgagee 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 lllortgag~e, in
consideration of the premises 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 mortgagor
at the time of the execution hereof, the receipt whereof is hereby acknowledged,
does remise, release, q{~it-claim, exonerate, and discharge frot~~ the lien and
operation of said Mortgage and other liens referred to above unto the said
Mortgagor, 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:
7'O HAVE AND TO :IOI.D the same, with the appurtenances, unto the
said «lortgago., its successors and assigns forever, freed, exonerated and
discharged of and from the lien of said Mortgage anti e:~~ry part thereof; provided
always, nevertheless that nothing herein contained still in anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesaid !-lortgage 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 ~tiITNESS WHEREOF, the said 1ortgagee has hereunto set its hand
and seal this day of November, 1980.
Signed sealed and delivered THF. FIRST NATIONAL. BANK OF CII:CAGO,
in the presence of: a national banking association
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