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PARTIAL REl.{:.1SE UF \!OR'I'<;AG1: I.IEN
WHEItEAS, HUTCI~INSON 1SLAND l~li1!'fl:D, INC.~ a DelAware
cocporution authori~ed to transaet business in the Stute cf l~lorida, hereinattcr
culled "1+lortgegar," by the follo~:~in~; descr•ibed dc~cuments ~canted and conveyed
unto THL FIRST NA'f10NAL RAN1( OC CIiIt;~~GO, u nittionz~l bnnking associe~tion,
hereint~fter called "lrtortgagee" aiid its ussigns, the premises and property the~cin
partieulurly desc~ibed to secure the paymc+~t of the su-n of money hereinnfter
mentioned ~vith interest thereon:
~4ortgage given by HUTCIlINSON ISLAND LIMITF.D PAR'I'NBRSHIP, as
llortgngor, in favor of THE FIRST NATIONAL BANK OF CEIICAGO, as l~lortgagee,
dated December 4, 1978, and filed in Official Record Book 29g at Page 991, in the
Public Records of St. Lucie County, Florida, in the originnl amount of Twelve
Million Dollars (512,000,000.00), and as modified by Modification of Mortgage
duted June 2, 1980, and recorded in Officinl Records Book 332 at Page 1738 of the
Public Records of St. Lucie County, Florida, wherei~ HUTCHINSON ISLA~D
LIMITED, INC, assumed the indebtedness secured-by said Mortgage, and increased
the indebtedness to the principal sum of Thirteen Million Dollars (=13,000,000.00),
together with an Assignment of Leases, Rents and Profits recorded in .Officiul
Record Book 29~, at Page 1002, and UCC-1 Financing Statement recorded in
Official Record Book 299 , at Page 1008, nll of said documents filed in the Public
Records of St.~ Lucie County, Florida, and in addition, a_ UCC-1 Finaneing
Statement filed with the Secretary of State, State of Florida, on December ?,
1978, under File No. 966909, between suid pArties; ~nd
~VHEREAS, the said !1lortgage has rcq~iested the said tilortgagee to
release the premises and other property hereinafter des~ribed, bein~ a Qt~rt of said
1lortgage, and encumbered premises, from thc liens and ~peration of snid ~lortgage
iind other liens;
V0~1', 'TIiEREFO1tE, iCNO~V YL', thnt thc~ sr~id -lortgavee, in c~nsidera-
tion of the premises and the sum of 'I'en Dollars (510.00) and other good and
vuluablc considerations fo it in hsnd p:iid k,y or on behalf nf the sai~] mortgagor ~t
the lirne of tl~e exe.:ution hercof, the receipt ~vhereof is h~reby acknowledged, does
remise, release, quit-claim, exonerate, an~ dischurge from the lien and operation
of sr~id tilortgage anc] other liens referred to above untc the sz~id :VTortgngor, its
successors and r~ssigns thz~t certuin portion of the premises conveyed by said
1lortgnge, and other liens referred to above more particuliirly described as follows:
Condominium Parcel No. 4213. SEASC:IP~ [
CLUSTER - PtIASE (B), a ('ondominiurn, according
to the Declaration of C:ondominium recorded
September 11, I980, in Offici~l Kecords Book 338,
at Pa~e 1033, of the Public Records of St. I,ucie
County, Florida, and any amend:nents thereto.
'I'O 11AYE AND 'TO IiOLD the srirne, with the appurtenances,_unto the
snid 1~7ortgagor, its successors an~' a~.signs forever, freed, exonerated and
discharged of and from the lien of said i~tortgage and cvery part thereof; provided
always, nevertheless th~t nothing herein contained shnll in anywise i mpair, alter or
diminish the effect, lien or encumbrance of the aforesaid ~lort~ege and other liens
referred to above on the remaining property of said mortgnged premises, not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
IN WITNESS ~VHEREOF, the said viortgagee has hcreunto set its hund
and seal this ~( 3 da~/ of vovember, 1980.
Signed se~led and delivered
in the presence of:
THE rIKS'1' NATI(1N AI, RANK OF CFIICAGO,
a nr~tionnl bnnking associntion
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