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si2881
PARTIAL RELBASC OF ~IOR'CGAG[s I.IF.N
WliCRI:AS, HU'I'CI~INSO~i ISi.AND t.l~1ITCU, INC., a Uelaware
corporation autt~o~ized to trc-nsact businets in the StHte of Florida, hereinafter
called ":~°1ort~ugoc," by the follawing described ciocuments grunted and eonveyed
unto 7'HE FIRSI' NA'PIONAL RANIC Or CIIICArn, a nntionr~l bnnking n~ociatio~~.
hereinafter called "l~lortgt~gee" and its ~ssi~~s, the prerl~ises nnd property therei~-
p~rtieularly deseribed to secure the payment of the sun~ of mc:ney hcrcina[tc~r
mentioned with intere:~t theccon:
Mortgage given by HU'TCt11NSON iSI.AND [.[1IITF•.D PARTNERSHIP, us
l~lortgugor, in favor of THE rIRST NATIONAL ~3ANK OF CHIG~AGO, as i~]ortgegee,
dated December 4, 1978, and filed in Official Record Book 299, ut Pnge 991, in the
Public Reeords of St. Lucie County, I~loridu, in the original ainount of Twelve
Million Dollars ($12,000,000.00), and as modified by Modificution of Mortgage
dated June 2, 198U, and cecorded in Official Records Book 332 at Page 1?38 of the
Public Records of St. Lucie County, Florida, wherein HUTCHINSON ISLAND
Lld]ITCU, IyC. assurned the indebtedness secured by stiid Mortg~ige, and incrcased
the indebtedness to the principal sum of Thirteen Million Dollars ($I3,000,000.00~,
together with an Assignment of Leases, Rents and Profits recorded in Official
Record I3ook 2 99~ at Page 1002, and UCC-1 Financing Statement recorded in
Official Record Book 2 9~ at Puge 1008, all of said documents filed in the Public
Records of St. ~ucie County, Florida, and in addition, .a UCC-1 Financing
Statement filed with the Seccetary of St~te, State of Florida, on December ?,
1978, under File No. 966909, between said parties; and
WHEREAS, the said i~Iortgage has requested the s~id iNortgagee to
release the pre-nises and other property hereinnfter described, being a part of said
1~'Iortgage, and encumbered premises, irom thc liens and operation of said Nlortgage
and other l~ens;
NOW, THEREFC~kB, KyO~v YI:, thut the sr~id :~Ilortg~gee, in eon~idera-
tion of the premises and the~ sum of Ten ~)ollars (S1U.00) t~nd othcr good and
valuable considerations to it in hand paid by or on behr~lf of tt:e said mortgagor a1
the time of the execution hereof, the receipt ~vhc~reof is hereby acknowled~ed, does
remise, release, quit-claim, exonerate, :,n~i •lischc~rge from the lien r~nd operation
of said tilort~age and other liens referred to n~ove unto the said i41ortgagor, its
successors ai~d a~igns that certain portion nf the premises conveyed by said
ylortg~oe, nnd ~ther licns referred to above more p~irticulnriy ~Jescribed as follows:
~ori~lominium Parccl No. 4274, S[:ASCAPI: t
CLUSTI:I;. - PfiASi: (B), fl Condominium, accordin~
to the Declaratinn of Condominium recorded
September 11, 1980, in Official Records Book 338,
at Pa~e 1033, of the Publie ltecords of St. I.ucie
County, Florida, and any arnendmcnts thereto.
TO HAVE AND '('O NOLD the same, with the, eppurtenances, unto the
said titortgagor, its successors and assigns forever, freed, exonerated and
discharged of and from the lien of said ~lortgage end every part thereof; provided
always, nevertheless that nothing-herein contained shs~ll in anywise impair, alter or
diminish the ef[ect, lien or encumbrance of the aforesriid 19ortgagc and other liens
referred to above on the remaining property of said mortgaged premises, not
hereby celeas~d therefrom, or any of the rights nnd remedies of the holder th~reof.
IN 1VITNESS 1YHEREOF, the said :~iortgugee htis hereunto set its hand
and seal this 13 day ot November, 1~80.
Signed sealed and delivered
in the p: esenee of:
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'fHE FIRST NATInNAL F3ANK OF CNICAGO,
a n~tional bt~nking association
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