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PART1Al. R~I.EASC OI~ ~IOR'1'i::1G[: LiCN
WtiCREAS, HUTGHINSON ISLAND LIAfITIiD, iNC., a I~elaware
corporation authoeized to trc~nsuct business in the State of Florida, hereinafter
called "Mortgagor," by the following described docaments gcanted and eonveyed
unto THE F1RST NATIONAL BAN(C OF CIiICAGU, a national banking association,
hereinnfter cnlled "iVlortgr~gee" and its assigns, thc premises and property fherein
particularly desccibed to secure the ps~yrneni of the sum of money hereinafter
mentioned with interest thereon:
htortgage given by HUTCHINSON ISLAND L!MlTED PARTNERSHIP, zis
i~lortgugor, in favor of TNF•. ~1RST NATIONAL ~3ANK OF CfiICAGO, as Nlortgegee,
dated Deeember 4, 1978, and filed in Offieiul Record Rook 2 9~ ai Puge 991, in the
Public Recocds of St. Lucie County, Floridn, in tt~e original ~mount of Twelve
~+lillion Dollars (512,000,000.00), and As modified hy Modification of Mortgage
ciated June 2, 1980, and recorded in Official Records Book 332 at Yuge 1738 of the
Publie Records of St. I.ueie Coimty, Fiorida, wherein NUTCHINSON ISLAND
L1MITED, 1NC, assumed the indebtedness secured by said Vtortgage, and increased
the indebtedness to the principal sum of Z'hirteen i+lillion Dollars (~13,000,000.00),
together with an Assignmenl of I.eases, Rents tind Profits recorded in Offieial
Record Book 299, at Pt~ge 1002, unci UC:C-1 Financing Statement ~recorded in
Official Rccord ~3o~k 299, at Page 1008, ull of said documents filed in the Public
Records of St. Lucie Couniy, Floridn, nnd in R~ditio~, ~ UrC-1 Financing
::tatement filed ~vith the Seeretary of Statc, State of I~1Qridfi, on L~ecember 7,
1978, under Eile No. 966909, betKee~ snid p:++~ties; t~nd
LYFiF:REAS, the said :lortgage t~as ree~:este~l the szid \lortgagee to
release the prelnises and other pro~erty hereinnfter c!escribed, oeing a~art of said
~'lortgage, and encumbered premises, from the liens and oper~tion of sr~id `'!ortgage
c~nd other liens;
NOtiY, T~IEREFORG, kNOSti YE, that the said Jlortg~gee, in considera-
tion of the premises and the sum of Ten Doilars (~10.00) and other good and
valuable considerations to it in hand paid by or on behalf of the said mortgagor at
thc time of the execution hereof, the receipt whereof is hereby acknowledged, does
remise, release, quit-claim, esonerate, and discharge from the lien and operation
of said 1~iortgnge and other liens referred to above unto the said Mortgagor, its
successors and assigns that certain portion of the premis~s conveyed by said
;.'Iortgage, and other liens referred to above more particularly described us follows:
Condominium Purcel No. 4243 , SE:~SCAPF I
CLUSTER - PNASE (B), a Condomir.ium, accorci~ing
to the Deelar~tion of Condominiiim r~corded
5eptembcr 11, 1980, in ~f[icial Records t3ook 338,
at Page ids3, of the Yublic Recordc of St. i.ueie
Coanty, Floridn, and An~~ amendments thereto.
'rQ H~YE :'1\ll TO HOLU the sarrze, witt~ the appurtenHnces, unto the
stiid :lortga~or; its s~access~rs and assigr.s forever, frced. exonerated and
discharged of ~.nd from the li~n of ~ici :~lort~age n••d evecy p_~rt thereof; ~rovided
always, nevertheless tt-:~! nothing he~~in contnined s'~nll ir: t~ny::ise i.~pr~ir, alter or
diminish. the effect, licr, or enc~mbrHnce ~f thc ~f~~resaid :Ior:E;flge t~nd ofh~r liens
referred to above on the remainir~ti propc~rty of ti~~id rnort ;-aned premises, not
hereby released i.~crefrom, or any of thc: rig'slts and rnnieclic~ of the i:older ihe: cuf.
1N iY['I'NF.SS ~Y1{EREOF, thc said l~i~rt~agee hns h~reimio set its h;in~
rind seal this 13 day of November, 1930.
Signed sealed and delivcred TEiE F[1tST Nr~TIONAI. B~tii; OF CFIICt1GU,
in ttie presence of: a nntional banking ussocir~tion
Q ~ vI ~~' .
~~i ~i~ /~ ~--~ ~ By
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Attest:
Tf~is sn;tn~ir.~~nt ~;r:•F~:~r~~~! hy:
~: r:~,~~,~t~: rt t.~. t~; t•:tt.
FI.n~'1) I'1•:,1E;~-t),~ ~"i',:ti:'.~It7' R[CHMAN
( : i : :7~. t : t: ~:'I~:I I,, )'.:1.
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n!tr 1:irt:~ynt~ "fu•.:rr
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~oox 346 PA~E 779