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HomeMy WebLinkAbout1513513232 ~1 ~ 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 ~ ~ -~:~ _.~ ~ ~- ~~_. _.