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512889
PART[AL REL}.ASE OF \~IORTGAGG [.II'sN
WNCREAS, tIUTCHINSON ISI,AND LI~IITCD, I~C., A Uelsware
corpocation authorized to t~ansact business in the State af Florid~t, hereinafter
called "~lortgagor," by the following described documents grnnted and conveyed
unto THL FIRSI' NATIONAL BANK Or CtIICACO, n national bnnking a~ociation,
hereinafter ct~lled "1Qortgagee" and its t~ssigns, the premises end propcrty therein
pt~rticulprly described to secure the payment oi the ~um of moncy hereinaftcr
mentioned with interest thereon:
~lortgage given by f1UTCHINSON [SLAND 1.I;411TED PARTNERSHIP, as
i~lortgagor, in favor of TtiE FIRST NATIONAI. f3ANK OF CHICAGO, ~s M1tortgagee,
dated December 4, 1978, and filed in Official Itecord Book 299, at Page 991, in the
Public Records of St. I,ueie County, Flo~ida, in the originnl amount of Twelve
Million Dollars ($12,000,000.00), an~i as modificd by Modification of 1+tortgage
dated June 2, 1980, and recorded in Officiul Records Book 332 at Yage 1738 of ~he
Public Records of St. Lucie County, Floridt~, wherein IiUT(:IIItiSnN ISLANI)
LINiI'I'L•'U, INC. assumed the indebtedness secured by said 1+lortgage, and increased
the indebtedness to the pcincipal sum of Thirteen ti~lillion lloll~rs ($i3,fi00,000.00),
together with an Assignnaent of I,eases, Resits :~nd Profits recorcfe~ in Official
Record Book 299 ,~t Page 1002, t~nd U~~(:-1 Financing Stf~te~nent recorded in
Offieial Iteeord Rook i99, at Page 1008, nli of ~aid documents ~ile~ in the Public
Records of St. Lucie County, Florid~, and in addition, n UCG1 Finuncing
Statement filed witt~ the Secretar~• of Stnte, State of rlorida, on Uecember ?,
1978, under File vo. 966909, between s~ic) pr~rties; nnd
1~'l1EItEr~S, the said hlortg~ge has req«ested the said tilortgagee to
releuse the premises and ott~er property hereinnfter described, being a part of said
1lortgage, and encumbered~premises, from t:-e licns r~nd operation of said ~lortgage
and other liens;
NOW, THEREFORE, 1{NOW YI:, that the said 1iloctgagee, in considera-
tion of the prcrnises and the surn of Ten I)ollars ($10.00) and other good und
valuable considerations to it in hand paid by or on behulf of the suid mort~agor at
the tirne of the execution hereof, thc receipt whcreof is hereby ucknowledged, does
remise, releuse, .quit-claim, exonerate, and discharge from the lien and operation
of said Vlortgage and other liens referred to abovc unto the said i~lortgagor, its
successors and assigns that certuin portion of the premises conveyed by said
`•lortgage, and other liens referred to above rnore particulnrly described as follows:
Condominium P~rcel No. y~~,, 5t;:'1SC:~PE: 1
CLGS"f L•'R - PHASi: (t3), a Condorniniiim, riccorciing
to thc I)eclnration of Con~fo~ninium recorded
Septem5er 11, 1980, in (lftici_~1 it~ecords ;i~~ok 338,
at Pc~ge 1033, of the Putilic Hece^~:s of St. I.iicie
f'ounty, f~lori~t~, and c~ny urnen.jm::~tti ttzereto.
"TO I1 ~~/F. ANll TU HOL[) the ~ri-ne, •r~itl~ lt;c ~tp~t:ric~ir~nces, unto tl~c
SIII(~ 1lortgngor, ItS ~UCCCS50PS A1(j II=~.~1:;I1'i 1!-Cf'VrP~ 1Pt•~`tj~ CYt-RC~litC(: IIft~:
disehnrbed of and irom the iien of it~icj 1~'lort;~i~e Hi~d ev~ry purt t~~creof; proviclec:
always, neverihele~.~ tht~t nothin~' I~cr~~in c.>-;triined si~nll i~~ r:n~~w.i~~ irnpE~ir, alter ur
dimitiish the effect; lien o^ encurnbrr~nce of thc <if~~rc~sn~ci :lort~f,;;e n~zd other liens
referred to ubove on the remuining propert~~ ~f .~r~id :nori;ti7ed pre;nises, not
hereby releused therefrom, or ~ny cf the rights ~ind reir.eclies of tric tiolder ti~er~of.
1N IVITNESS ~Yt11:RL'OF, the sai~ ~Iorit;u~ee hris hcreunto set its h~:nd
nnd seal tt~is 1~.day of November, 1980.
Signed sealed and delivered
in the presence of:
~' ~ ,i _ ~ G~• .
~/ ..~ ( ~ ~c- ~ ~~C~
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1'I11; FIRS7' NA7'InN:11, E3ANIi OF CHICAGO,
a national banking associr~tion
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