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PAItT1AL RF.LEASS OF MORTGAGC L[F.N
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~Vi~EREAS, HUTCHINSUN ISLAND I.IM!'I'ED, 1NC., a Uelawace
cocporation authorized to transact business in the State of Florida, hereinafter
called "Mortgagoc," by the following described ~ocuments grunted and conveyed
unto THE FII~ST NATI013AL BANK OF C}iICAGO, a national banking associ~tion,
hereinafter called "lllortgagee" and its assigns, thc pcemises and pcope~ty therein
partieularly described to secure the payment of the sui~i of money hereinafter
mentioned with interest thereon: ~
Mortgage given by HUTCHINSON tSLAND WMITED, INC., as
Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as Mortgagee,
dated June 2, 1980, and filed in Official Record Book 332, at Page 1703, in the
Public Records of St. Lucie County, Florida, in the original amount of Twelve
Million Seven Hundred Thousand Dollars (t12,700,Q00.00), together with an
Assigiiment of Leases~ Rents and Profits recorded in Official Record Book 332, at
Page 1728, and Assignment of Sales Contracts recorded in Offieial Record Book
332, at Page 1735, and UCC-1 Financing Statement reeorded in Official Record
Book 332, at Page 1721, all of said documents filed in the Public Records of St.
Lucie County; Florida, and all of said doeuments recorded on June S, 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 parti~s; and
WHEREAS, the said IVlortgege has requested the said Mortgagee to
release the premises and other property hereinafter described, being a part of said
lilortgage, and encumbered premises, from the liens and operation of said Mortgage
and othec liens;
NOtV, THEREFORr, KNO~V YE, that the said Mortgagee, in
consideration of the premises and the sum of Ten Dollars (~10.00) and other good
rind valuable 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 acknowledged,
does remise, release, quit-claim, exonerate, and discharge from the lien and
operation of said 1+lortgage and other liens referred to above unto th~ said
:~lortgaf;or, its successors and assigns that certain ~ortion of the premises cor:veyed
by stiid 1lortgage, and other liens referred to above more partieularly described as
follows:
Condominium Unit No. 7332 CATA~IA~tAN II,
PHASE B, a Condominium, according to the
Declaration of Condominium recorded July 15, 1980,
in Offieial Records Book 334, at Page 2451, of the
Publie Records of St. Lucie County, Florida.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said Mortgagor, 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 impaic, elter or
diminish the effect, lien oc encumbrence of the aforesaid Mortgege and other liens
referred to above on the remaining property of said mortgaged premises, not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
IN WITNESS WHEREOF, the said Mortgag~e has hereunto set its hand
arid seal thi~ 20 day of August, 1980. ,
Signed sealed and delivered THE FIR~T NATIONAL BANK OF CHICAGO,
in the presence of: a nationel banking association
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I7iis ir.stntm~rt prf p;~rc~c1 by;
KI::~Ni:'I'H .1. ~Vl:1L
I~Lt)~'D i•1:At.~y ~Tf:~~~izr RICHMAN
Gi:h:1:1~ R ~fiEIL, P.c1.
'1~,cr.ty-[~ifth Floor
Une 13i:~•ayne '1'ower
Miami, F7orida 3;3231
I'l~one: 37?-U2 ' ~
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