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PARTIAL RF.I.F.ASF OI' MORTGAGE I.IF.N
~VHEREAS, HUTCHINSO~' ISLANI~ G1~11'I'F.ll, INC., n Delaware
eorporation authorized to t~ansact business in the St~te of Florida, hereinafter
cc~lled "Mortgagor," by the following describea documents ~anted and conveyed
unto THE F1RST NATIONAL DANK OF CHICAGO, n national banking association,
hereinafter called "Mortgagee" and its assigns, the premises and property tiierein
pacticularly described to secure the payment of ttie sum of muney hereinafter
mentioned with interest thereon:
i~iortgage given by ~iUTCH1NSON ISLAND LIMITED, INC., as
Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee,
dated June 2, t980, and filed in Officiel Record Eiook 332, at Page 1703, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve
Million Seven Hundred Thousand Dollars (E12,700,000.00), together with an
Assignment of Leases, Rents and Profits reeorded in Official Record Book 332, at
Page 1728, and Assignment of Sales Contracts recorded in Official Record Book
332, at Page 1735, and UCC-1 Finaneing Statement recorded in Official Record
Book 332, at Page 1721, all of said documents filed in the Public Records of St.
Lucie County, Florid~, and all of said documents recorded on June 5, 1980; and in
addition, a UCC-1 Financing Statement filed with the Seeretary of State, State of
Florida, on June l6, 1980, under File No. 1207244, between said parties; and
~VHEREAS, the said Mortgage has requested the said Mortgagee to
release the premises and other property hereinafter described, bei~g a part of said
Mortgage, and encumbered premises, from the liens and operation of said Mortgage
and other liens;
N011', 'fHEREFORE, KN0~4 YE, that the , sAid Mortgagee, in
consi.leration of the p~ emises and the sum of Ten Do11Ars (E10.00) and other good
and valuable considerations to it in hand paid by or on behalf of the said mortgago^
at the time of the exeeution hereof, the receipt whereof is hereby acknowledged,
does remise, release, quit-clr:im, exonerate, and discharge from the lien and
operation of said ~Iort~age and other liens referred to abc,ve unto the seid
i4lortgagor, its successors and ussigns that certain portion of the premises eonv~:ved
by ssid ~'lortgage, and other liens referred to abo~~e more particularly described as
follows:
Condominium ~lnit No. ~~S ~, CATAM4RAN II,
PHASE D, a Condomin-um, according to the
Declaration of Condominium reeorded July 15, 1980,
in Official Records Book 334, at Page 2451, of the
Public Records of St. Lucie County, Florida.
7~
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said D~ortgagor, its ~ successors 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 any~vise impair, alter or
diminish tt~e effect, l~en or eneumbrance of the aforesaid Mort~age and other liens
referred to above on the remaining propert~~ of said mortga~ed premises, not
hereby released therefrom, or any of the ri~hts and remedies of the holder thereof.
IN K'I~'~IVESS WHEREOF, the said 11ortgagee has hereunto set its hand
and seal this ~l~dey of November, l 980.
Signed sealed and delivered THL' FIRST NATIONAI. f3ANK OF CHICAGO,
in the presence of: a nation~l benkin~ assnciation
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~%f Z 'r- ". ~X~Q. t~...- ~ C~ % ' ~ ''' BY ~o~.a~Q /p. ~ .~,ts7llzl-{~
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V ~-~.t~ . ~ .~,r2„T,`7t'
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l:l::`7i:i•:'1'iI .f_ ~4;:II.
'~LOYll I'1:11F:St)N S7':.~tiAl:"r RICHMAN
r~::~:;~:.~ s ~ti•r•.r~.. I'.A.
'I'~cc~nty-Fifih F1c:or
One Bisc•ayne T~n:c~r
Miami, Flo:'s~~ 33131
I'hone: 377-O141
Attest: '~--
Ssr / ~c.E PR,ES~~:f'
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' ~~ 345 P~E~,187
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