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pARTIAL RELEIISE OF MORTGAGI~_AND_CINANCINC STATEM~NT
-_ -- --_~_ S~ .315U
WHEREAS, S.C.S. TARPON BAY, INC., a E'lorida corporation, hereinafter
referred to as "Mortgagar", by Mortgaqe Deed dated the 28th day of
September, 1979, and recorded in Official Record E3ook 317, Page 2403,
public records of St. Lucie County, Florida, mortgaged unto FIRST
NATIONAL BANK IN PALM BEACN, a National Banking Corporation, its
successors and assigns, hereinafter referred to as "Mortgagee", the
premises therein particularly described, to secure the payment of the
sum of Seven Hundred Eighty Thousand Dollars (5780,000.00) with interest
as therein mentioned, as further secured by that certain~Financing
Statement recorded in Official Record Book 317, Page 2415, public
records of St. Lucie Coiinty, Florida:
AND WHEREAS, Mortgagor has requested t4ortyayee to release the premises
-- hereinafter described, being part of the encumbered property, from the
lien and operation of the Mortgage and the Financing Statement:
NOW TEiEREFORE; Alortgagee, in consideration of the sum of Seventeen Thousand
~PVen H~~ndred and Eiahtv Dollars ($ 1T.780.00 1 paid to it by Mortgagor,
does remise, release, quitclaim, exonerate and discharge from the lien
and operation of the Mortgage and the Financing Statement unto Mortgagor,
all that piece, parcel or tract of land, being ~~ part of the encumbered
property, to-wit:
UNIT 3p( of TARPON BAY YACHT CLtJB CONDOMINIUM
~_, according to the DECLARATION OF CONDOMINIUM dated
December l2, 1980 ; and recorded in ~f f icial Rec-
ord eook~46 , Page 1098 , Public Records
of St. Lucie County, Florida; together with the undivided
share of the COI-1MON ELEMENTS of the Condominium decl.ared
in the Declaration to be appurtenant thereto; together
with all appurtenances thereto, including, without limi-
tation, the right of exclusive use of those areas, spaces
and portions of COMMON ELEMENTS of the Condominium, dec-
lared in the Declaration of Condominium to be LIMITED
COMMON ELEMENTS of the Unit.
TO HAVE AND TO HOLD the same, with the appurtenances, unto I~iortgagor,
its hei.rs and assigns f~rever, freed, exonerated and discharged of and
from.the lien of the Mortgage and the Financing Statement, and every
part thereof; Provided, however, that nothing herein contained shall
in anyway impair, alter or diminish the effect, lien or incumbrance of
the aforesaid Mortgage and the Financing Statement of the remaining
part of the property not hereby released therefrom, or any•of the
rights and remedies of Mortgagee. :- ~~'` '~='~ij; ~,
~4'~R =. ;~- ~t•:.
~1~~ ~IL' ~ • r ~, •`~..y.
IN WITNESS WHEREOF, Mortgagee has caused these pr ~ ~i~S to`-~j~'~:~~xecuted
in its name and its corporate seal to be aff~xed ~~'~s _pro~~~;officers,
=~•~=~ .~.1
this 12th day of January , 19 81 . ;~~~~Ft, :,~ '~'; ;w.-,,f
~ 4i ~~i: L{ . - $_~ ~ f~-.
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Signed, sealed and delivered ~ - ~' ~ ~: ~ ~d~.~ ~~~'`'
in the pre~ence of : 7~~f~~:~.(Cp _' .~~- Seal)
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FIRST NATIONAL ~~A1~IC`~,_~AT PALM BEACH
BY: ~ ~ ~
,r ~4 Its: Execu+,ive Vice President
FSL~C~L~t.~~`~'~~-~F~•~K 11TTEST: y%~~~ ~~~ -~~..-Q_- :%`~ ~C-t l~ ~-
Si.IU~~E , ~
~~G-~~~~i~"S- /l Its: Assistant Cashier
CLEf.K C:. ; ^• ';r t n ~
STATE OF FLORIDA "` ~"' ~` ~,'. ' ~
COUNTY OF PALM BEACH S1 ~~1.SU
The foregaing
January
A~delitte
respective ,
Corporat ; _ 1'.
instrument was acknowledged before me
19 81 , by T. L. Thornton
the Exec.Vice
RST NATIONAL BANK IN PALM
~'lf of the corporation.
~ (SEAL)~'.~' °r ~ .
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~ _ - " ' ~ ~ ~.2~.=-._ -3
President
IIEACH, a
this 12th day of
and
and Assistant Cashier
National Banking
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Notar~ublic
My Commission Expires:
a~~~K346 P~~ti392 -
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