Loading...
HomeMy WebLinkAbout0085~- 5~2446 PARTIAL RELEASE OF MURTGAGC LIEN WliEREAS, HUTCI~tINSON ISLAND GIi-lITGD, INC., a Delaware corQocation authorized to transact business in the State of Florida, hereinafter called "Mortgagor," by the following described documents granted and conveyed unto THE FIRST NATIONAL BANK OF CHICAGO, a national banking associatior~, hereinafter called "1~iortgagee" and its assigns, the premises and property theeein particularly described to secure the payment of the sum of money hereinafter mentioned witi~ interest thereon: Mortgage given by HUTCHINSON iSLAND LIMITED PARTNERSHIP, as tiiortgagor, in favor of TNE FIRST NATIONAL BANK OF CHICAGO, as Nlortgagee, dated December 4, 1978, and filed in Official Reeocd Book 299, at Page 991, in the Publie Records of St. Lucie County, Florida, in the original amou~t of Twelve Million Dollacs (512,000,000.00), and as modified by Modificution of Mortgage dated 3une 2, 1980, and reeorded in Official Records Book 332 at Page 1738 of the Pubiic Records of St. Lucie County, Florida, whecein HUTCHINSON ISLAND LIMITED, INC, assumed the indebtedness secured by said Mortgage, and increased the indebtedness to the principal sum of Thirteen ti~lillion Dollars ($13,000,000.00), together with An Assignment of Leases, Rents and Profits recorded in Official Record Baok 29g , at Pxge 1002, and UCC-1 Financing Statement recorded in Official Record Book 29~ at Page 1008, all of s~id documents filed in the Public Records of St. Lucie County, 1'lorida, and in addition, u UCC-t Financing Statement filed witfi the Secretary of State, 5tate of Floridu, on December 7, 1978, under File No. 966909, between said pnrties; and WHEREAS, the sriid Alortgage h~s requested the said 1-fortgagee to celease the premises and other property hereinaftcr describecl. being a part of said 1~lortg~ge, and encumbered ~remises, from the liens ~nd operativn ~f said l+lortgage and other liens; ~ NO«', THERSFORE, KNO~V YE, that the said 4lortgagee, in considera- tion of the premises and the sum of Ten Dollars (310.00) and other gaod anil valuable considerations to it in hand Qaid by or on behalf of the said mortgagor at the time of the execution hereof, the receipt whereof is hereby acknowledged, does ,remise, release, quit-claim, exonerate, and discharge from the lien ar-d operation of said ltortgage and other liens referred~to above unto the said Mortgagor, its successors and assigns that certain portion . of the premises conveyed by said Mortgage, and other liens referred to above morc purticularly described as follows: Condominium Parcel No. ~~, SEASCAPE I CGUSTER - PHASE (B), a Condominivm, according to the Declaration of Condominium recorded September 11, 1980, in Official Records Book 338, at Page 1033, of the Public Records of St. Lucie County, Florida, and any amendments thereto. TO ~iAVE AND TO HOLD the same, with the nppurtenances, unto the said ~lortgagor, 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 anywise impair, alter or diminish the effect, lien or encumbrance of the aforesAid ti~tortgage and other liens referred to above on the rem~ining property of said mortgAged ~remises, not hereby released therefrom, or Any of the rights And rernedies of thc ho!der tliereof. IN WI'I'~iESS tVHEREOF, the said ~tortga~ee has hereunto set its hand and seal this 1~dc~y of November, 1980. ~ Signed seuled and d~livered T~IE FIRST NATtOPiAT. BANK OF CHICA~~O, in the presence of: a national bRnking associntion _~ ~ ~ ~<I ~C ~l. ~ Ry -~~.~ r. :~,~~~t.~ ~ ~ . . ~ c,' . U c- w~~"-~-<<-'~• ~ This in,l+uinc~: t {r.c~;;~rnd by: IiF;`:~:i:"I'II .1. ~VI:iL FLOI'I~ P1:.IF?~'')" ~ j i;l~':~R'C RICN11 c~i;::i:!:::• :;'I?tI. Y.A. tAN 'i'v:c:st}•-I~;ftl~ F{oor One Ii;sc:~}•nc~ 'I'o~se~ r : :Ztni, Florida 33131 Phonc: 37 i -p241 ~-- -- - -- - - - - - - --- :~ - ::~ Attest: /.~,7~rc-, ~-~ ~1~~,~~' ~ C}~ - L~ ~ . , ~ i ' ~ Bd~K346 PaGE 8~ :~:~