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51318~ ~j
WHEREAS, ISLAND PARTNERS, INC.~ a Florida corporation,
individually and doing business as ISLAND PARTNERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doinq 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 33~ at page 1836, 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 Hunrired Thousand Dollars
($3,300,000.00), with interest as therein mentioned:
AND WHEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doinq business as ISLAND PARTNERS
JOtNT VENTURE, a Joint Venture, and HUTCHINSON 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
to release the premises hereinafter described, being part of
said mortgaged premises, from the lien and operation of said
Mortgage:
NOW, TI~EREFORE: KNO~rT YE, That the said
MANUFACTURERS HANOVER MORTGAGE CORPORATION
as well in consideration of the premises as of the sum of
to it paid by the said ISLAND PARTNERS, INC.~, a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOI2J1 VENTURE, a Joint Venture, and HUTCNINSON ISLAND PROPERTIES,
IidC., a Florida corporation, in~ividually and doing business
as ISLAND PARThERS JOINT VENTL'RE, a Joint Venture, at the
time of the execution hereof, the receipt whereof is hereby
acknowledged, does remise, release, quit-claim, exonerate
and discharge from the lien and eperation of said Mortgage unto -
tne said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLAtiD PARTt~iERS JOINT
VL::TURE, a Joint Venture, and HLTCHINSO:: ISLAND PROPERTIES,
I'~C., a Florida corporation, individually and doing business
as ISLAND PARTNE~S JOINT VENT[:RE, a Joint Venture, their
}-.~irs and assigns all that pieee, parcel or tract of land
being a part of the rremises conveyed by said I:ortgage, to-wit:
'rhat c~rtain condominium parcel co,:.posed of Apartment
~]umber 101 , and an undivided share in those common
elemer~ts appurtenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terms, and other provisions of that Declaration of
Condominium of ISLAt~D BEACH CLUB, a Condominium, as
recorded in Official Records Book ~43 , on pages
732 through 800 , as recorded in the public
records of Saint Lucie County, Florida.
TO HAVE AND TO HOLD the sa.e, with the appurtenances, unto
the said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLAND PARTVERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLA~ID PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOIt+T VENTLiRE, their heirs and assigns
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