HomeMy WebLinkAbout1465.. 513198 ~ ~
WHEREAS, ISLAND PARTNERS, INC.,.a Florida corporation,
individually and doinq 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, Mortqagors,
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 assiqns, 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 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 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, TIiEREFORE: KNOW 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
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, at the
time of the execution hereof, the =eceipt whereof is hereby
acknowledged, does remise, release, quit-claim, exonerate
and discharge from the_lien and operation of said Mortgage unto
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 Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, their
heirs and assigns all that piece, parcel or tract of land
being a part of the premises conveyed by said Mortgage, to-wit:
That certain condominiwa parcel composed of Apartment
Number 111 , and an undivided share in those common
elements appu~tenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terms, and other provisions of that rieclaration of ~
Condominium of ISLAN'D BEACH CLUB, a Condominium, as
recorded in Official Records Book 343 , on pages
732 through 800 , as recorded~ in the public
records of Saint Lucie County, Florida.
TO HAVE AND TO HOLD the same, with the apgurtenances, unto
the said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLAND PARTNERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLA.'VD~PROPERTIES,
INC.~ a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, their heirs and assigns
~oaK346 Pa~Ei4~1