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PARTIAL RELEASE OF MORTGAGE AND FINANCING STATEMENT
509381
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 tortgagee 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 SIXTEEN THOU-
~AND ONE HUNDRED Dollars ($16,100.00 ) 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 307 of TARPON BAY YACHT CLUB CONDOMINIUM
B 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 mothing herein contained shall
in anyway impair, alter or diminish the effect, lien or incumbrance of
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.
IN WITNESS WHEREOF, Mortgagee has c
in its name and its corporate seal
this 17th day of November ,
Signed, sealed and delivered
in the presence of: ._
'~ ,
- - ~ Qr`
y
aused these presents
fbe•,~~~?)"t
ted
to be affixed, ~
by,=i~'~~iropeY•.~~icers,
19 80 . ; sic C/',• j : :•
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FIRST NATIONAL .. Ire , b~ ~...... • •'~G~
BAL~I?~~~1f-~M~'~EACH
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BY = d~ 'T
I ts: Executive Vice President
X980 OEC -5 AN ~ I1 -~
ATTEST: ~ f S
E ~~LQ[~aa~~~o ~ Its: Assistant hier
{ STATE OF FLORIDA CIERK C~11CW t
`r COUNTY OF PALM BEAIC:H:~~ ~'%aic~!-^ ~ ~9~1
i
The foregoing instrument was acknowledged before me this 17th day of t
NoveA - 19 80 , by T. L. Thornton and
+ t•~.,
' the Executive Vice pres.and Assistant~hier
resp; ~iC~y OS~E,IRST NATIONAL BANK IN PALM BEACH, a National Banking
Cor ~ ~~Qhalf of the corporation.
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9,,~=:P U~~ 4..1 . ' •; Nothry Public
i~""~~~ ~~,p'~~~ M Commission Ex ~ iXes r
"..;3FiA R Y P
BDOK J~~ P1GE ~~
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