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PARTIAL RELEASG OF NIORTGAGIs I,IEN
WHCREAS, HUTCNINSQN iSLAND L[A'[ITFD, 1NC., a Delaware
corporation authorized to transact business in the State of Floeidu, hereinafter
called "~ioctgagor," by the following described docurnents granted and conveyed
unto THE FIRST NATIONAL RAN[t OF CHICAGO, a national banking association,
hereinafter called "lrlortgagee" and its flssigns, the premises and property therein
particularly described to secure the payment of the sum of moncy liereinafter
mentioned with interest thereon:
Mortgage given by HUTCHINSON ISLANll LINll1'ED PARTNERSNIP, ~s
1lortgagor, in favor of THE FIRS'I' NATIONA[. BANK OF CHICAGO, as i~lortgagee,
dsted December 4, 1978, nnd filed in Official Rccord I3ook 29~ at I't~ge 991, in the
Public Records of St. I.ucie County, Floridn. in the originnl umount of Twelve
;14ill~on Dollars (S12,U00,000.00), nnd as modified by i~Iodification of ~tortgage
dated June 2, 1980, and recorded in Official Records Book 333 at P~e 1738 of the
Public Records of St. Lucie County, Florida, ~hercin 1[UTCH[NSON I5LAND
LI;~IITED, INC. assumed the indebtedness secured by said '~lortgage, and increased
the indeb~edness to the principril sum of 1'I~irtcen :~Iillion Doilaes ($13,000,000.00),
together with an jlssignment of Leases, Kents rtr.d Profits rccorded in Official
Record t3ook 299~ at Puge 1002, und UCc:-1 rinancing Statement recorded in
Officinl Record Book 2g~ at Page IOQS, all of s~id documents filed in the Public
ltecords of St. Lucie County, FloridE~, and in addition, t~ UCC-1 Finnncing
Statement filed witt~ the Secretury of State, State of l~loreds~, on December ?,
1978, under File No. 966909, between said parties; and
~~'HEREAS, the said ~lortgage has rr,quested the stiid ~lortgagee to
release the premises and other pro~erty hereinr~fter described, being a pArt of said
1~lortgage, and eneumbered Qremises, from the liens and operation of said llortgage
and other liens;
NO~V, THEREFORF., KNO~Y YI:, thut the s~id ltortgagee, in considerR-
tion of the premises and the sum of Ten Dollars (SI0.00) and other good and
v~luable considerations to it in h~nd peid by or on behalf of the suid mortgagor at
the time of the execution hereof, the receipt whereof is hereby acknowledged, does
remisc, release, qu'rt-claim, exonerate, and discharge from the lien and oper~tion
of said 1~lortgage and other liens referred to above unto the sf,id ~~ortgagor, its
suece~ocs and assigns that certain ~ortion of the premises conveyed by ssid
1~lortgage, und ather liens refecred to above more particul~rly described es foilows:
Condominium Parcel No. ~~~_ SEASCAPE I
CLUSTER - PH~15E (R), a Condominium, according
to the Declaration of Condominium recorded
SeptemGer 11, 1980, in Offieial Records E3ook 338,
nt Pn~e 1~33, nf ihe Public Itecords of St. f.ucie
Cotmty, Florid~. ar}d any amendments thereto.
TO I~AVF. :1ND TO I~nLI) the s:ime, with thc czQ~l~srtcriu~c^ti, ut~to ttu;
sctid 1lortgaoor, its success~ir~ and t~ssi~ns forever, fre~~3, ex~.,ncrated h~~d
discharged of and from the lien of stiid :~lortgage And evcry pti-•t th~~reof; prcvi~ed
always, nevertheless thnt nothing herein containe~ shnll in anywise impair, altcr or
diminish the effect, lien or encumbrance of the aforest~id 11ort~age and ott:cr liens
referred to above on tt-e rem~ining property of said mortt;aged premises, rn,t
hereby released therefrom, or any of the rights and remedies ~f the holc9e; tt~ereof.
IN ~VITNESS WHEREOF, the said ~9ortgugee h~s hcrcunto set its hsnd
and seul this ~ day of Novernber, 1980.
Signed sealed and deliti•ered THE FIRST NATIONAL RANh OF CI~ICAGU,
in the presence of: a national banking association
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