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PARTIAI. RFI~I:ASG Ol~ ~ti'IURTGr1G[: 1.1F.N
WtiEREAS, HUTCHINSCIN [S1,AND LllllTt:D, INC., e. Uelzi~vare
cocporation uuthorized to trensact busine~ in thc StHte of l~lorida, hereinufter
called ".~fortgagor," by the followin~ described docu~nents grunted t~nd eonveyed
unto THE FIRST NA'I'IONAL I3ANK OF CHICAGO, a nuiional b~~nking n~ocialion,
t~eccinafter called "1~lortgagee" and i1s nssi~ns, thc_ premises r~nd ~roperty therein
~c~rticularly described to secure the pa}ment o[ the sum of money hcrcinafter
mentioned with interest theceon:
Mortgage given by FIUTCHINSON 1SL.~1ND LINITfin I'ARTNL•RSHIP, as
1lortgngor, in favor of TNE F1RST NATIONAI. BANK OF CHICAGO, as tilortgagee,
dated December 4, 1978, and filed in Official Rccord Book 299, at Page 991, in the
Public Records of St. Lucie County, Florida, in the original nmount of Twelve
;Vlillion L~ollers (512,000,000.00), and as modified by '~lodification of 1~ortgage
dated June 2, 1980, and recorded in Official Records Book- 332 at Puge 1738 of th~
Public Records of St. Lucie County, Florida, wherein HUTCHINSON ISLAND
Ll?1+IITED, ~NC. assumed the indebtedness secured by snid ?~Iortgage, and increased
the indebtedness to the principal sum of Thirteen ~'lillion llollaes (513,000,000.00),
togcther with an Assignmer.t of Leases, Rents and Profits recorded in Official
Record Book 299, at Page 1002, and UCC-1 Financing Statement recorded in
Offieial Itecord Book 299, at Page 1008, all of suid documer~ts filed in the Public
Recocds of St. Lucie County, ~lorida, ~nd in additior-, :3 UCC=1 Financing
Statement filed with the Secret~rv of State, State of Florida, on Decembec ?,
1978, under File No. 966909, between sr~id parties; and .
~VFiFNE!1S, the said ~lortQage ttas re~ue~te~l the ~~+id `~fortgagee to
release the pre~nises and other pro~erty ~~ereinnfte: ciescribed, Deing a part of s+iid
`1ortgage, +~nd encurtibered premisc:~, fror~ tt-:c liens s~nd opernti~n of snid tilortgage
and othcr liens;
V0~1', "Cllt:Rf:~OIiE, KtiO~~~ Yl:. tliat ~!~f~ sriid :~~ort_;a~ee, i+~ consideri-
tion- of tf~e premises anu the sum oC 'I'en Dollz~r; (~1G.0(f) aiid other good ~nd
vi~luuble considerRtior,s to it in han~i priid by oi• orz t~ehalf of the snic~ mortgagor at
the time of the esecution hereof, the receipt tivhereof is hereby uckr:owleclged, does
remise, rele~se, ~uit-ctaim, e~coneratc, and ~±ischnrgc from the lien and operation
of said 1lortgage und other liens referred to above unto the said 1~lortgagur, its
successors and assigns that cert~in portion of 1he premises conve~~ed by said
:~lortgaae, and other liens referred to abave more particulai•ly ~'escribed as follo~vs:
Condominium Parcel No. y/o~'1, SF.ASCAPE l
CLUST~:N - PHASE (E3), n Condom~n~um, ~ccording
to the 1)eclaration of Condominium recorded
SeQtember 11, 1980, in Official Records ~3ook 338,
at Page 1d33, of the Public Itecords of St. I.ucie
County, Florids, and any amendments thereto.
"I'O I~AVE AND 'f0 HOLD the same, with the aQpurtenances, unto the
s~id l~lortgagor, its successors and assigns fore~~er, freed, exonerate~ and
discharged of and from the lien of said Nortgage and every part thereof; provided
always, rieverthzle~s that nothing herein contained shail in an,ywise impair, alter or
diminish the effect, lien or encumbrance of the nforesnid 1lortgage and other liens
referred to above on the remaining property of sAi~l -nort~c~ged premises, not
t-erebS~ relcased tlierefrom, or t~ny of the rights r~n~i remedies of thc holder thereof.
IN W[TNFSS WEIEREOF, the s~id ~I~,~•t~~gec h~~ lieret~~-ta sei its ha~d
and scal this ~~,(/~ ~ay of November, 1980. . '
Si;,rned sealed and deliverc~i "I'FiE I'IRS~f i~A 1'(()'~.+I: ~~ 1V{~ ~)F Ct11C 1(_~U,
in the presence of: c~ n~tienal b~nking:~.~s~,cir~tion
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