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513193
WIiEREAS, 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 doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, Mortgagors,
by indenture of Mortgage bearing date the 2~th 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 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 Nundred Thousand Dollars
($3,300,000.00), with interest as therein mentioned:
AND WHEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES,
INC., a r'lorida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, have requested
the said
t~IANUFACTURERS NANOVER MORTGAGE CORPORATION
to release the premises hereinafter described., being part of
said mortgaged premises, from the lien and operation of saici
Mortgage:
NOW, THEREFORE: KNOW YE, That the said
2fANUFACTURERS 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
JOIiVT VE":TURE, a Joint Venture, and HUTCHIIvSON .ISLAND PROPERTIES,
It1C., a Florid-a corporation, ir.cividually and doing business
as ISL~ND PARTIvERS JOItiT VENTUR~, a Joint Venture, at the
tir:~e of .the execution hereof, tre. receipt whereof is hereby
ac'Knowledged, does remise, release, quit-claim, exonerate
and discharge from the lien and op~ration of said Mortgaqe unto
the said ISI.AND PART~;ERS, i\C., a Florida corporation,
~ndividually and doing business as ISLF`:D PARTNERS JOINT
VP.`:`I'I1RE, a Joint Ver.ture, and HLTCNI?~SO:: ISLAND PROP~RTIES,
I::C., a Florida corparation, individually and doing business
as ISLH::D PARTNEr~S JOINT VEIVTURE, a Joint Venture, their
heirs and assigns all that piece, parcel or tract of land
being a part of the Fremises co~.veyed by said M~rtgage, to-wit:
That certain condominium rarcel co~posed of Apartment
Nunber 2D2 , and an Lndivided s~~are in those com,-non
~IEJTi~Ilt5 appurtenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terms, ~r.d other provisions of that Declaration of
Cond~minium of ISLA•_-:D B~'AC?'. CLUB, a Condominium, as
recorded in Official Recores Book 343 , on pages
~32 through 800 , as recorded in the public
records of Saint Lucie County, Florida.
TO HAVE AND TO HOLD the sar..e, with the appurtenances, unto
the said ISLAND PARTNERS, INC., a Florida corporation,
ir.dividually and doing business as ISLAND PARTVERS JOINT
VEtvTURE, a Joint Venture,- and HUTCHINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLI~ND PARTNERS JOIt~T VENT(iRE, their heirs and assigns
Ba ~`3~6 P~c~~~`5
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