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WHEREAS, ISLAtJD PARTNERS, INC., a Florida corpo~ation,
indiv~dually 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 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
($3,300,0~0.00), with interest as therein mentioned:
AND WHEREAS, the said I$LAND PARTNERS, INC., a Florida
corporati~n, 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: KNOk YE, That the said
r111NUFACiURERS HANOVER MORTGAGE CORPORATION
as well in consideration of tt,e premises as of the sum of
to it paid by the said IS~AND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and HUTCF~ZNSON ISLAND PROPERTIES,
Zt~C., a Florida corporation, individually and doing business~
as ISLAVD PART`~ERS JOINT VENTURE, a Joint Venture, at the
tir:-e of the execution hcreof , the receipt cahereof is hereby
acknowledyed, does remise, re?ease, c,uit-claim, exonerate
and discharge from the lien and operation of said Mortgage unto
tne said ISLA2~D PART:~ERS, IhC., a Florida cerporation,
individually ~:nd doing b~siness as ISLA`~D PARTi:ERS JOINT
Vr ~:`PURE, a Joint Venture, and FiliTCHI::SO~' ISLAND PROPERTIES,
I::C., a Florida corporation, individually and doing business
as ISLhND PARI~:JEt~S JOZNT ~IE\TL'RE, a Joint Venture, their
heirs nnd assigns all that piere, parcel or tract of land
being a rart of the grerr~~~es ccnveyed by said r:ortgage, to-wit:
That certain condominium oarcel co„~posed of Apartment
Number 106 , and an undivided snare in those common
elements appurtenant thereto, in acccordance with and
subject to the cover.ants, conditions, restrictions,
terms, ~nd other provisicns of that Declaration of
Condominium of ISLA?:D BLC.CH CLUB, a Condominium, as
recorded in Official Reccres Qook 343 , on pages
~32 through 800 , as recorded in the public
records of Saint Lucie County, Florida.
TC~ HAVE AND TO HOLD the sarr~e, with the appurtenances, unto
the said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLA~D PARTNERS JOINT
VEtvTURE, a Joint Venture, and HUTCHINSON ISLAyD PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOIt~T VENTGRE, their heirs and assigns
8~~3~6 p~i509
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