HomeMy WebLinkAbout0450Vigil 01-2308A302 ?
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PARTIAL RELEASE OF MORTGAGE LIEN
WHEREAS, HU`['GNINSON ISLAND LII~4ITLD, INC., a Delaware
corporation authorized to transact business in the State of Flocida, hereinafter
called "Mortgagor," by the following described documents grAnted and conveyed
unto THE F[RST Nr1TlONAI, BAN[{ OF CHICAGO, a nutional bunking assaciation,
hereinafter called "1~lortgagee" and its assigns, the premises and Qroperty therein
purticulr~rly described to secure the payment of the sum of money hereinafter
mentioned with in!erest thereon:
\tortgage ~iven by HUTCHINSON iSLAND LIM11'E1) PARTNERSHIP, us
1lortgagor, in favor of THE F1RST N:ITION AL BANK OF CHICAGO, as hlortgagee,
dated December 4, 19?8, and filed in Official Record Book ?29, at Page 991, in the
Public Records of St. Lucie County, Florida, in the original arnount of Twelve
Millian Dollars (S12,OO0,0OO.OU), and as modified by htodifieation of Mortgage
dated June 2, 1980, and recorded in Official Records Book 332 at Page 1738 of the
Public Records of St. Lucie County, Florida, wherein HUTCHINSON ISLAND
Lld'~ITED, INC. assumed the indebtedness secured by said hiortgage, and increased
the indebtedness to the principal sum of Thirteen Million Dollars (~13,000,000.00),
together with an Assignment of Leases, ftents and Profits recorded in Official
Record Book 229, at Page 1002, and UCC-1 Financing Statement recorded in
Official Record Book 229, at Page 1008, ull of said documents filed in the Public
Records of St. Lucie County, Florida, and in addition, a UCC-1 Financing
Statement filed with the Secretary of State, State of Florida, on December ?,
1978, under File No. 966909, betwe~n-said parties; and
WHEREAS, the stiid Alortgage has requested the said -~lortgagee to
release the premises and other proQerty hereinafter described, being a part of said
tilortgage, and encumbered premises, from the liens and operation of sriid Nlortgage
and other liens; ~
NOR', THEREFORE, KNOW YE, that the said n9ortgagee, in considera-
tion of the premises and the sum of Ten Dollars ($10.00) and other good and
v.aluable 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 ~eknowledged, does
ren~~ise, release, quit-claim, exonerate, and discharge fcom the lien and operation
of said 1~Iortgage and other liens referred to above unto the suid 1~lortgagor, its
successors and assigns that certain portion of the premises conveyed by said
1•Iortgu~-e, and other liens referred to abave more particularly described us follows:
Condominium Parcel No. 4223 , SEASCr\pE I
CLUSTER - YHASE (F3), a Condominium, uccorc~:ng
to the Qeclaration of Condominium reeorded
September 11, 1980, in Official Records Book 338,
at Page 1033, of the Public Records of St. I.ucie
County, Floride, and any emendments thereto.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said ;~lortgagor, its successors ~nd assigns t'orever, freed, exonerated and
discharged oP and from the lien of said Mortgage and every part thereof; provided
slways, nevertheless that nothing herein contained shatl in anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesaid Mortgage and other liens
rcferred to above on the remaining property of said mortg~ged premises, not
hereby released therefrom, or any of the rights and remedies of the liolder thereof.
IN WITNESS WHCREOF, the said :Viortgagee h~s hereunto set its hand
and seal this 13thday of November, 1980.
Signed sealed and delivered 'PfiF FIRST yATIONAL f3ANK OF CIIICAGO,
in the presence of: a national banking association
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'1'::cnt•:-i~ifth i~lcr~r
Ono i;iscaynr• Tu.:er
i 11~1ianii, I~loricia .',3131
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