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WHEREAS, ISLAtJD 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 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 8001~ 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 iiundred Thousand Dollars
($3,300,000.00), ~,rith 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 F~orida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, have requested
the said
M1~NU~ACTURERS 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, 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 ISLAi~D PARTNERS
JOi.iT VENTURE, a Joint Venture, and HUTCHIIvSON ISLAND PROPERTIES,
It:C., a Florida corporation, individually and coing business
as ISLI~tiD PARTtiERS JOIi~T VEtiTURE, a Joint Venture, at the
ti:-+e of the execution hereof, the receipt whereof is hereby
acknowledged, does remise, release, quit-claim, exonerate
and discharge from the lier- and ooeration of said I~lortgage unto
the said ISLIII~D PART~ERS, IhC. , a Floric'a corpcration,
ir.~3ividually and doing be:si;,ess as ISLn`:D PARTi:LRS JOIi1T
Vi.,~`PURE, a Joint Venture, and NliTCHItiSO:: ISLAND PROPERTIES,
I':C., a Florida corporation,.individually and aoing business
as ISLHTJD PAR1tiERS JOINT VEIvTURE, a Joint VentLre, their
h:-irs and assigns all that piece, parcel or tract of land
i;:-ing a part of the Fremises conveyed by said ''ortgage, to-wit:
That certain condominium parcel co~posed of-Apartment
~umber 304 , 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~D BEP.CH CLUB, a Condominium, as
recorded in Official Records Book 343 , on pages
~32 through 800 , as recorded in the public
records of Saint LLCie County, Florida.
TO HAVE AND TO HULD the same, witn the appurtenances, unto
the said ISLAND PARTNERS, INC., a Flori~a corporation,
individually and doing business as ISLAtiD PART~ERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES,~
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOIt~T VENTliRE, their heirs and assigns-
BDOK J~tV PaCE i~2
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