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511595
PARTIAG RE[.EASE OF MORTGAGE LIF.N
W}IEREAS, HUTCIi1NSON ISLAND i,11~71TrD, ING., a Delaware
eocporation authorized to tcansaet btLSiness in the State of Florida, hereinafter
called "Mortgugor," by the following deseribed docume~its granted and conveyed
unto THE FIRST N4TlONAL BANK OF Ct~[CAGO, a national bunking association,
hereinafter called "~lortgagee" and its assigns, the premises and property therein
particularly described to secuce the payment of the sum of money I~ereinufter
mentioned with interest thereon:
Mortgage given by HUTCHiNSON IS~AND LlD°1ITF.D PARTNERSNIP, as
~lortgagoc, in favoc of TNE FIRST NATIONAL BANK OF CH[CAGO, as hlortgagee,
dated December 4, 1978, and filed in Official ftecord Book 229, at Page 991, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve
Million Dollars (512,000,000.00), and as modified by Modifieation 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
LIMITED, INC. assumed the indebtedness secured by said Mortgage, and increased
the indebtedness to the principal sum of Thirteen Million Dollars (;13,000,000.00),
together with an Assignment of Leases, Rents and Pcofits recorded in Official
Record Book 229, at Page 1002, and UCC-1 Financing Statement recorded in
Official Record Book 229, at Page 1008, all of said documents filed in the Public
Records of St. Lueie County, Florida, and in addition, a UCC-1 Financing
Statement filed with the Secretary of State, State of Florida, on December ?,
19?8, under I~ile No. 966909, between said parties; and
~VHEREAS, the said :lortgage has requested the said ~lortgagee to
release the premises and other property hereinufter described, being a part of said
1~lortgage, and encumbered~premises, from tiie liens and operation of said iNortgage
and other liens;
NOW, THEREFORE, tiNOW YL', that the said '~lortge~ee, in considera-
tion of the pre-nises and the sum of Ten Dollars (~10.00) and other good and
valuable considerations to it in hand paid by or on beht~if of the said mortgagor at
the time of the execution hereof, the receipt ~+rhereof is hereby acknowledged, does
remise, release, quit-elaim, exonerate, and diseharge fco~n the lien and opecation
of said 19ortgage and other liens referred to abave unto the snid i~lortgagor, its
successors and assigns that certAin poction of the premises conveyed by said
1lortgage, and other liens referred to above more particularly described as f'ollows:
Condominium Parcel No. ~f~~, SEASCAPE 1
CLUSTER - P}iASE (B), a Condo~n~nium, according
to the Declaration of Condominium recorded
September 11, 1980, in Offieial Itecords Book 338,
at Page 1033, di the Public Records of St. Lucie
County, Florida, and any amendments thereto.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said 1~lortgagor, its successors and assigns forever, freed, exonerated and
discharged of and from the lien of said itlortgage and every part thereof; provided
always, nevertheless that nothing herein coniained shall in anywise impair, alter or
diminish the effect, lien or encumbrance of the aforesi~id Moctgage and other liens
referred to above on the remaining property of said mortgaged premises, not
hcreby released therefrom, or any of the rights and remedies of the holder thereof.
Ih WITNESS WHEREOF, the said~ Mortgr~gee has hereunto set its hand
and seal this ~ day of November, 1980.
Signed sealed and delivered TNE FIRST NATIONAI. BANK OF CHlCAGO,
in the presence of: u national banking association
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Ti~is ~n~tn~mc•nt ~;:~~~,.:~:eci by:
IC1:~`:l:/E[ .!. ~t'I;{(.
FLOYD I'1:A~;:=;~:; ~-i'I'1: ~iR1' RiCE~MAN
(:ii~•:i;I:.C• ~~'i%I1,, I'.A.
'!'ti:rnt}••I~if-!i I~i~mr
Onc I3irca~•n~ 7'0;. c r
Miami, Flu; i~la .. ' i31
Phonc::t°~ 1
B~cY#5 PAGE1~4
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