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513171
WHEREAS, ISI.AtJD PARTNERS, INC., a Florida corporation,
individually and doing business as ISLIIND PARTNERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, Mortgagors,
by indenture of Mortgage bearing date the 27th day of August,
1980, and recorded in the Office of the Clerk of the Circuit
Court in and for the County of Saint Lucie, State of Florida,
in Official Records Book 337 at page 183-6, mortgaged unto
MANUFACTURERS HANOVER MORTGAGE CORPORATION
and assigns, Mortgagee, the premises therein particularly
described to secure the payment of the sum•of
Three Million Three Hundred Thousand Dollars
($3,300,000.00), with interest as therein mentioned:
AND W1iEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and Hl3TCNINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, have requested
the said ~
MANUFACTURERS HANOVER MORTGAGE CORPORATION
*o release the premises hereinafter described, being part of
said mortgaged premises, from the lien and operation of said
Mortgage:
NOW, TIiEREFORE: KNOjJ YE, That the said
MANUFACTUR~:ftS HIiNOVER MOR'i'GAGE CORPORATION
as well in consideration of the premises as of the sum of
to it paid by the said ISLAND PI~RTNERS, INC., a Florida
eorporation, inciividually and doing business as ISLAND PARTNERS
JOIyT VE:vTURE, a Joint Venture, and HUTCHIIvSON ISLAND PROPERTIES~
I:~7C., a Florida corporation, individually and doing business
as ISLAND PARThiRS JOI'~T VENTURE, a Joint Venture, at the
time of the execution hereof, t'r,e receiot cahereof is hereby
ac'r,nowledged, does remise, re?ease, cuit-claim, exonerate
and discharge from the lien and oFeration of sai~i riortgage u;~to
tne sai_d ISLA~D ?7~RT:~ERS, I~C. , a Florida corporation,
individually and doing business as ISLttiD PJiRT~ERS JOINT
VL'~`PURE, a Joint ~'enture, and HL•TCHII~SOti ISLAND PROPERTIES,
IVC., a Florida corporation, individually and doing business
as ISLI~ND PARTNERS JOI;~T VE~iTURE, a Joint Venture, their
heirs and assigns all that piece, parcel or tract of land
being a part of the Fremises conveyed by said I+:ortgage, to-wit:
That certain condominium parcel co:~posed of Apartment
~umber 107 , and an undivided share in those common
elements appurtenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terrr,s, and other provisions of tt:at Declaration of
Condominium. of ISLA?vD BEACY. CLUB, a Condominium, as
recorded in pfficial Records Boo;c 3~+3 , on pages
~32 through 800 , as recorded in the public
records of Saint Lucie County, Florida.
TO HAVE A~D TO NOLD the sar:.e, witn the appurtenances, unto
the said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLtivD PART~ER~ 3QINT
VEIiTURE, a Joint Venture, and H[iTCHIhSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOI2+T VEhT[;RE, their heirs and assigns
~346 P~~E14z5
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