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PARTIAL RELEASI's OF MORTGAGE
KNOW ALL MEN BY TNESE PRESENTS : S1O'76$
WHEREAS, S.C.S. TARPON BAY, INC., a Florida corporation, hereinafter
referred to as "MortgaRor", by Mortgage Deed dated the 28th day of
September, 1979, and recorded in the office of the Clerk of the Cir-
cuit Court in and for St. Lucie County, Florida, in Official Record
Book 317, Page 2409, mortgaged unto FIRST NATIONAL BANK IN PALM BEACH,
a National Banking Corporation, its successors and assigns, herein-
after referred to as "Mortgagee", the premises therein particularly
described, to secure the payment of the sum of Seven Hundred Sixty
Thousand Dollars ($760,000.00) with interest as therein mentioned:
AND WHEREAS, Mortgagor has requested Mortgagee to release the prem-
ises hereinafter described, being part of tl~e mortgaged property,
fron the lien and operation of the Mortgage:
NOW THEREFORE; Mortgagee, in consideration of the sum ofFiftY-Nine
Thousand Four Hundred nollars (S 59,400.00 ) Paia co ~c by Hortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the mortgage unto Mortgagor, a11 that piece, parcel
or tract of land, being a part of the property encumbered by the mort-
gage, to-wit:
UNIT 201 of TARPON BAY YACHT CLUB CONDOMINIUM
A, according to the DECLARATION OF CONDOMINIUM dated
Mdl"Ch 11. 1980 ; and recorded in Official Rec-
ord Book 327 , page 95~ , 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 CONMON ELEMENTS of the Condominium, de-
clared in the Declaration of Condominium to be LIMITED
COMMON ELEMENTS of the Unit.
TO NAVE 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 said mortgage, and every part thereof; Provided
always, nevertheless, that nothing herein contained shall in anyway
impair, alter or diminish the effect, lien or incumbrance of the
aforesaid Mortgage of the remaining part of the mortgaged property
not hereby released therefrom, or any of the rights and remedies of
Mortgagee. ~
IN WITNESS WNEREOF,
in its name and its
cers, this 15th day
Kortgagee has caused
corporate seal to be
of December ,
Signed, sealed and delivered
in the presence f: '
d'a, ~~? - /c~
STATE OF FLORIDA
COUNTY OF PALM BEACH
thesc presents to be e~e~uied
affixed, by its pTQ~~~'.:o.fi'~fj;;=.
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FIRST NATIONAL BANK I1~; ~E'~'~
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By: _
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Its: Executive Vice Pres dent
A T T E S T: Je1~ Q.l~L-Q~
I t s: Assistant Cashier
~ The foregoing instrument was acknowledged before me this 15th day of
~ Qecembe~^ , 19~_, by T. L. Thoraton and
~ .ldade~ige Ga~ett the Exec.Dice Presiden~nd Assistant Cas~,gx
~ r~e~-~~~'f'~'a,~Ly of FIRST NATIONAL BANK IN PAI.M BEACN, a National Banking
~ G~t'~' ~~.~'fb~4~~ on behalf of the corporation.
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