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PA1tTIAL I2[:(,H.ASF. nF MO!"i'GAGf: 1.lf:N
WlIEREAS, FlUTCIIINSON ISI.ANn I.IMI'fFD, INC., a Delowece
corporation nuthorized to tre~nsACt business in tiie Stnte af Flarida, hereinafter
called "Vlortgagot~," by the foltowing describecl rlocu,nents ~rnnted and conveyed
unto THE FIRST NATIONAL RANK OF CIIICAGO, n national banking association,
hereinafter called "MortgAgee" an~i its assi~ns, the premises and property ti~eeein
partieularly described to secure the puyment of the sunt of money he~einafter
menCioned with intecest thet~eon:
~~ortgAge given by HUTC[i1NSON ISLANn LIMITF.D, 1NC., as
ti1ortgagor, in fuvor of THE FIRST NATIONAI. E3ANK OF Ct![CAGO, as Mortgagee,
dated June 2, 1980, and filed in Official Necurd [iook 332, ~t Page 1703, in the
Public Records of St. L.ucie County, Florid~, in the ariginal amount of Twelve
111illion Seven Hundred Thousand Dollnrs (a12,700,000.00), together with an
Assignme~t of I.eases, Rents and Profits recorded in Officic~l Record Book 332, at
Page 1?'l8, and Assignment of Sales Contre~ets recorded in Offieial Record Book
332, at Page 1735, and UCC-1 Financing Siatement recorded in Official Record
Book 332, at Page 1721, all of snid documents filed in the Public Records of St.
Lucie County, Florida, and all of suid documents recorde~ on J~me 5, 1980; and in
addition, a UCC-1 Financing Statement filed with the Secretnry of State, State of
Florida, on June 16, 1980, under ~ile No. 1207244, betwcen seid parties; and
WHEREAS, the said 'tlortgage has re~uested the snid tilortgagee ±o
release the premises And ~ther property I~ercinafter describeri, being u pgrt of said
:Vtortgage, And cncumbercd pr^ar?is~s, from the licns ~nd ~~pcr~tion of said ~lortg~ge
and other liens; -
N4t~', TfIERI:COitI:. titi01~' YI:, thet thc . s-~id :~9ortg~agee, in
consideration ot the pre~nisc~s nnd the sum of Ten t~cllar~ (5t0.(1~) and othe; good
and v~lut~ble considerations to it in hc~nd pai~i '~y or on beht~if ~:f the Sai~1 mortgagor
at the time of tf~e execution hereof, the receipt where~i' is hereby ~cknowlec~ged,
does remise, relense, quit-cl~irn, exonerate, i~nd di~cl~nr~e from the lien ~nd
operation of said ~1~ort~Age und other liens referred to t~l~ove unto the said
l~lortgagor, its successors and as.-signs that c~ rt~in portinn of the premises conve~~ed
by said titor:gage, and other tiens referred to above more particularlV described as
follows:
Condominiu~n ~Jnit No.~f~, CATAtiIARAN II,
PHASE D, a Condorrim~um, accordin~ to the
Declaration of Condominium rccorded July 15. ]980,
in Officiul Itecords Book 334, at Pnge 2451, of tl~e
Public Records of St. Liicie County, Florida.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said 1~lortgagor, its successors und assi~ns forever, freed, exonerated and
discharged of and from the lien of said Mortga~e end every part thereof; provided
always, nevertheless that nothing herein contc~ined sh~ll in anywise impair, alter or
diFninish the effect, lien or encumbrAnce of ihe ~foreseid A1ort~age a*!d other liens
referred to above on the remAining property of said mortgaged premises, not
hereby released lherefrom. or any of the rights and remedics of the holder thereof.
IN 1'1TNF•.SS N'111:RF.OF, thc snid 19ortg;ngee hns hereunto set its hund
und seal this ~.day of November, 1980.
Signed seul~:i ~nd detiver~d TifF. (~iitST N:i'ilON~1i, F3~1Nh C~F C!!IC!1C;(~,
in the ~resence vf: R Ilti!!OR-tI L-Al.kin~ t~ .,o~•ir:tion
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