HomeMy WebLinkAbout2515~
S~ 21.0'7 ~ ~
PARTIAI. RFLEASE OF ':NORTGArE 1.IEN
~~'HEREAS. HUTCI~INSON ISL~tiD GI~1lTEU. INC., a Delaware
corpor~tion ~utho~ized to tcansnet business in the Statc of Florida, hereinafter
called "tifortgagor," by the f~~lowinR describec~ document~ g~anted ~nd cunveyed
unto TH6 FIRST NATIONAL B4rK OF CtI1CAr0, a n~lional 5ankin~; associ~tion,
hereinafter called "R'lortgagec'° ~nd its a~i~n.~. the Qremi~c~ti Rn:i proQerty therein
particularly deseribeu Lo secure the pa~~m~~nt nf thc ~um of monev hereinafter
me~tioned with interest the~coii:
:1lortgage geven by HL'TCHINSON ISI.AND LI~i1TED, INC., ss
\lortgagor, in favor of TIiE FIRST NATIONAL BANK OF CHICAGO, as Afortgagee,
dated June 2, 1980, and filed in Official Record Book 332, at Page 1703, in the
Public Recocds ot St. Lueie County. Florida, in the originel amount of Twelve
1~]illion Seven Hundred lhousand Dollars (51?,700,000.00), together with an
Assignment of Leases, Rents and Profits recorded in Official Record Book 332, at
Page 1728, and Assignment of Sales Contraets reeorded in Official Record Book
332, at Page 1735, and UCC-1 Financing Stateme~t recorded in Offieial Record
Book 332, at Page 1721, all of said documents filed in th~ Public Records of St.
Lucie County, Floriaa, and all of said documents recorded on June 5, 1980; and in
addition, a UCC-1 Financing Statement filed with the Secretary of State, State of
Florida, on June 16, 1980, under File No. 1207244, between said parties; and
H'HEREAS, the said ':Nortgage has requested the said :-tortgagee to
release the premises and other property hereinafter described, being a part of said
~iortgage, and encumbered premises, from the liens and operation of said ":-iortgage
and other liens;
NOt1', THEREFORE, ti1V01~' YE, that the . said 11ort¢agee, in
consideratien of the premises and thc sum of Ten Dol?ars (S10.Q0) and other good
and val~iable considerations to it in hand paid bv or cn behaif of the ~~id mortgagor
at the time of the exc~~ution herec~f, the receipt whereof is hc:reby acknowled~ed,
does remise, release, quit-clai~n, cxonerate, and c~scher~e from the lien and
operation of said ~fcrt~;age an~ ether liens referre~ to aUove unto the said
'~iortgagor, its successors Hnd sssi~s that ceri~in portion ~f the premises ennveyeJ
by said zlortga~e. an~ otl~er iier.s referred to a:,ove rr~are p~rt~cular!~ described a~
folloKS:
Conciominiur.i ~:nii \o. `j~J 1 ~, ~aT ~'_i:~R:1~' II.
PHaSE D, a Condo:ninium, Accordin~ to the
Declaration of Corc~omi:~ium r~~^-~ed JuIy 1 S. 19F0.
in Official Records Booi: 33~, et Page 2-~51, of the
Public Records of St. Lueie Count~, Floride.
TO HAVE AND TO HOLD the sxme. with the appurtenances, unto t;ie
said 1lortge~or, its sueees~ors and assigns forever, freed, exonerated and
discharged of and from the lien of said '-iortga~e and ever}~ part thereof; provided
always, nevertheless that nothing herein contained shall in anynrise impair, alter or
diminish the effect, l~en or encumbrance of the aforesai~ :~lortgage ~nd other liens
referred to above on the remeiniRg propertt~ of said mortgaged pcemises. not
hereby released therefrom, or env of the rights and reme~ies of the holder theceof.
IN `tTITNESS ~VHEREOF, the snid ~lortgagee has hereunto set its hand
and seal this ~~day o.` November, 1980.
Signed sealed ~nd delivered THE F[RST I~ATIONAI. B4Nti OF CNICAGO,
in the presence of: a national banking association
~A.t~ a • ~~~
---~
~~~ _ ~~ L ~~ ~-~-~' --
:~tte5t:
. ..~.
! _ ! ~: ::`:: : ~ t" : 1. l': :' 1 i. -
':.~!1'1~ 1'?::ti~::.il\ ~-,~.:~':_1::T tii('ii\IA_'V
(:...•:;•:i~ S ti': i-:~: . P_~l. -1
~i~u~•n'.--Fiiti~ I•,'~::-„
O:u• l;.scacec 7'~n.c•r
~t:.~,u, ~~i~.;aa 3:i1'31
~~•r-u~: s; ;-~ ~-~i •
' /, r ~
c~vty
~~ ~`"
L' ~..e. ~-~-
i c~
~_~~_
a~~x 34~ P:GE 2514
~~
~
_ ..__z.=~~~