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513226
WHEREAS, ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLAND PARTNERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES,
TNC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, Mortgagors,
by indenture of Mortgage beari.ng 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 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 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, THEREFORE: KNOW YE, Tnat the said
tilANUFACTURERS HANOVER '•;ORTGAGE CORPORATIOh
as well in consi~eration of the premises as of the sum of
to it Faid by the said ISLANO PARTNERS, INC., a Florida
corporation, individually ana doing business as ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIF.S,
I-IC., a Florida corporation, ir.cividually and doing business
as ISLF.VD PARTNERS JOIi~T VENT::RE, a Joint Venture, at the ~
tir~e of the executicn hereof, ti;e receipt whereof is hereby '
ac?:nowledged, does remise, release, quit-claim, exonerate
and discharge frorr~ the lien a:~c operation of said Fiortgage unto
th~ said ISLA2JD PAR'TNERS, I':C., a Florida corporation,
?ndivic:ually and doing busine~s as ISLA`:D PARThERS JOINT
V~.::TURE, a Joint Venture, ar.d :i~TCtiINSO:~ ISLA'„1D PROPERTIES,
I::C., a Florida corporation, indivi~3ually and doing business
«s ISI,r'~D PARTNERS JOItiT VE2~TL~RE, a Joint Venture, their
heirs and assigns all that piece, parcel or tract of land
}:~ing a part of the Fremises conveyed by said 4iortgage, to-wit:
Tnat certain condominium parcel co::~oosed of Apartment
Nurnber 306 ., and an undivided snare in those common
elements appurtenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terms, and other provisions of tt,at Declaration of
Condominium of ISLA~vD BL=.CH CLUB, a Condominium, as
recorded in Official Reccrds Book 3~+3 , on pages
~32 through 800 , as recorded in the public
r~cords of Saint Lucie Caunty, 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 ISL~.\D PARTNERS JOINT
VEhTURE, a Joint Venture, and F:GTCHINSON ISLA~'~ID PROPERTIES,
I~:C., a Florida corporation, iniiividually and doing business
as ISLAND PARTNERS JOIt+T VENTliRE, their heirs and assigns
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