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S12~91
PARTIAL RFLBASC OF MORTGAGI: 1.I~N
~~
~VHERI:AS, HU1'CIiiNSON ISt.ANU L[RtITrD, INC., a Delawaee
cocporation uuthori~ed to trr~ns~ct business in the Stflte of Florida, herein~fter
called "Mortgugor," by the following described documents ~;ronted and conveyed
unio TtIE F[RST NATIONAI. f3AN(i Or CHICAGO, a nr~iioni~l ban::ing t~ssociation,
hereinafter called ":~~lortgngee" ~nd its assigns, the ~rc~nises nncf pr-~perty therein
particularly c:eseriUed to secure thc~ payment of thc ~un~ of ~i~oney hereinafter
~nentioned with interest thereon:
Nlortgage given by HUTCHINSON ISLAND I.Ih'fl'I'EI) PARTNERSHIP, as
~lortgagor, in favor of TtIE F1RST NATIONAI. I3ANK OF CHICAGO, as ~Iortgagee,
dated December 4, 1978, and filed in Official Record Rook 299, at Page 991, in the
Publie Records of St. Lucie Coun;y, Plorida, in the originul amount of Twelve
h1illion Dollars (512,000,000.00}, and as modified hy ,l~]odific~iion of l~iortgage
dated June 2, 1980, and recorded in Official Hecords Book 332 at Page 1738 of the
Public Records of St. Lucie County, Florida, wherein HUTCNINSON ISLAND
-LIMITED, INC. assumed the indebtedness seeured by said Mortgage, and increased
the indebtedness to the principul sum of Thirteen d9illion Dollars (S13,OOO,D00.00),
together with an Assignment of Lea~es, Rents and Profits recorded in Official
Record 13ook 299 , at Page 1002, and UCC-1 Financing Statement recorded in
Official Record Book 299, at Pa~e 1008, t~ll of said documents filed in the Public
Records of St. Lucie County, Ftorida, and in addition, a UCC-1 Financing
Statement filed with the Secretary of State, State of Plorids, on December 7,
1978, under ~ile No. 966909, between said parties; und
tiVfi EREAS, the sr~id ~lortgnge has_ requested ihe said ?~Iortgagce to
release the premises and other Qroperty hereinr~ftcr d^scribed, being a part of said
tilortgage, and encumbered Qremises, from 1he liens and oper€ition cf said 1~iortg~~e
and o~her liens;
N011', 'f~fEItEFORE, K`:0~~' Yt:, thu! the s~iicl ~lor:gagce, in consider~-
tion of the prernises Anci the sum of Ten f)oli~rs ($10.00) and other good and
vflluable considcrr;tior~s to it in h~nd ~g~~ t~y or on bennlf of the said mortg~igor at
the time of the exeeution hereof, thc~ i•eeeipt whcre~f is hereby Hcknowledged, c~oe~
remise, rele~se, quit-cluim, exoneratc, nrid dischufge from the lien ard o~crtttion
of s~id ~Iortga~e and other liens referred to above unto the s~iid l~tortgagor, its
successocs und assi~ns that certain nortion of thc premi~es conveyed by s~id
~lortgage, zind othee liens referred to above mo~e p~rticulnrly ~escribed as fo1lo~HS:
Condominium Parcel No. ~Or S6ASC:~Pf: [
CLUSTER - PHASE (t3), a Condominium, according
to the Dcclaration af Condominium recorded
Septen~ber 11, 1980, in Official Reeords ~3ook 338,
at Page 1033, of the Public ttecords of St. I,ucie
County, Florida, and any ~+mendments thereto.
TO ~IAVE AND TO HOLD the same, witti the aQpurtenances, unto the
said 1lortgagor, its successors and assigns forever, freed, exonecated and
discharged of and from the lien of said :~tortgage and ever}~ part thereof; provided
always, nevertheless that nothing herein contained shall in anywise impair, aiter or
diminish the effect, lien or encumbrance of the ~forestiid :Nortgage and other liens
refereed to above on the remaining property of s~id mortgt~ged premises, not
t~ereby released therefrom, or any of the rights nnd remedies of the holder thereof.
IN ~Y TNESS ~VHEEtEOF, the s,aid :~lortgt~gce hc~s hercu~~to set its hand
and seal this ~ day of November, 1980.
Signed seuled and c:elivered
in the presence of:
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