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YAR~CIA[. RELI'ASG Or ~9URTGAGG LIF.N
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11-NERF.AS, HU1'CNINSON ISLAND 1.ItiUTI:D, INC., ~, Delaware
corporation ~uthorized to transact busi~iess in the State of Floeida, hereinafter
called "19ortgegor," by the following described documents granted and conveyed
unto THE FIRST NATIONAL BANK OF CHICAGO, a national banking association,
hereinafter called "iMortgagee" and its assigns, the premises and propeety therein
pacticularly described to secure the payment of the sum of money hereinafter
mentioned with interest thereon:
Mortgage given by HUTCHINSON ISLAND LI\r1ITF.D PAItTNERSHIP, as
~lortgagor, in favor of THE F1RST NATIONAG BANK OF CIIICAGO, t~s hlortgAgee,_
dated December 4, 1978, and filed in Official Record Book 29~, at Page 991, in the
Public Records of St. Lueie County, Florida, in the original amount of Twelve
Million Dollars (E12,000,000.00), and as modified by il~odificntion of Mortgage
dated June 2, 1980, and recorded in Official Records E3ook 332 at Yage 1738 of the
Public Records of St. Lucie County, Florida, wherein HUTCH[NSON ISLAND
LIl11ITED, INC. assumed the indebtedness secured by said Mortgage; and increased
the indebtedness to the principal sum of Thirteen Alillion Dollars ($13,000,000.00),
together with an Assignment of Leases, Rents and Profits reeorded in Officiul
Record Book 299, at Page 1002, and UCC-1 Financing - St~~tement recorded in
Official Record I3ook299 , at Page 1008, all of said documents filed in the Public
Records of St. Lucie ~County, Florida, und in addition, a UCC-1 rinaneing
Stt~tement filed with the Secretary of State, State of Florida, on Decembcr 7,
1978, under File ho. 966909, between suid parties; nnd
~1THEREaS, the said '~lorto~ge haa rcq~iested the said tilortgagee to.
release the premise~ and ott~er property herein~iftcr descrihed, bcing n part of said
1lortgage, and encumbered ~remis~,s, from the liens and operatiur. of said ~Iortgage
and other liens;
NOtiV, THEREFORE, KNO~V Yi:, that the said l~tortgr.~ee, in considera-
tion of tt~e premises and the sum of Ten Dollars ($10.00) and other good and
valuable considerations to it in hand paid by or on behalf of tt~e snid mortgagor ut
the iime of the execution hereof, the receipt whereof is hereby aeknoveiedged, does
remise, release, quit-claim, exonerate, and disch~rge from the lien and operation
of said tilortgage and other liens referced to above unto the sr~id l~iortgt~gor, its
successors and assigns that certain ~ortion of the premises conveyed by said
~lortgage, and ott~er liens referred to above more particularly described as follows:
Condominium Parcel No. ~~ SEASCAPE 1
CLUSTER - PHASE (B), a Condominium, 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 amendsnents thereto.
TO IiAVE AND TO HOLD the same, with the nppurtenances, unto the
said l~~lortgagor, its suceessors and assigns forever, freed, exonerated and
discharged of r~d from the lien of suid lriortgege and every pact thereof; provided
always, nevertheless that nothing herein cont~ined st~nll in anywise impair, alter or
diminish the effect, lien or encumbrance of thc afores~id :1•]or•t~aae and other liens
referred to above on the remaining propcrty of ~~id mortgat;ed pre;nises, not
hereby released therefrom, or any of the ri~h:s and remec~ics of th~ holder thereof.
IN ~ti'I"I'NESS iVHF.I~EOF, thc s~id 1;ortg~oee h::, ~:~r~~tr~:o set its han;-
and seal this >3 ~ day of ~Iovembe~ , 1980.
Signed sealed nnd delivered 'fHE 1'lItS1' ~':1'1'It>,: ~~, RAN[: OF CIi1C~1G0,
i~i the presence of: a n~tiont~l banking associ~tion
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Attest: ~ - ~i~..~_ (~,/ 7'1.c~ ~_ ;i
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