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Home My WebLink About1826/g ~%/~~/~'~~, S~ •3413 PARTIAI. REi.F.ASG OF MORTGAGE 1.IFN Ih'HEREAS, tiUTC:1IINSON ISLAND LI;~1ITEI), INC:., u Delaware corporation uuthorized to transact business in tt~e State of Flocida, -hereii-after called "i4lortgugor," by the following described documenEs grAnted and conveyed unto 'CHE FIRST NATIONAL BANK Or CHiCAGO, a nntional bruiking associ~tion, hereinafter called "1~lortgugee" and its assigns, the premises and property therein particularly described to secure the payr-tent of the sum of mo:~ey hereinefter mentioned with interest thereon: ll4ort;age given by fiUTCNiNSON ISI,AhD I.[:VIITEU PAItTNERS[IIP, us Mortgagor, in favor of THE ~IRST NATIONAL E3AN1C GI' CIUCAGO, us ~lortgagee, dated December 4, 1978, and filed in Official Record Book 29~, at Puge 991, in the, Public Records of St. I.ucie County, Florida, in the original amount of Twelve Million Dollars (512,000,000.00), nnd as modified by 1Vlodification oF tiiortgage dated June 2, 1980, and recorded in Of ficial Records Book 332 t~t Page 1? 38 of the Public Records of St. Lucic County, Florida, wherein HUTCHINSON ISLAND LI111ITCD, INC. assumed the indebtedness secured by said Mortgage, and ineceased the indebtedness to the principal sum of Thirteen Milli~n Dollars ($13,000,000.00), together with an Assignment of Leases, Rents and Profits recorded in Official Record I3ook 299, at Page 1002, and UCC-1 Financing Statement recorded in Official Record Book 299, at Page 1008, all of suid documents filed in the Public Recocds of .St. Lucie County, Florida, and in addition, a UCC-1 Financing Statement filed with the Secretary of State, State of Florida, on December 7, 1978, under File No. 966909, between said parties; and WHEREAS, the said M1lortgage has rec~uested the said ~lortgagee to release the premises and other property hereinafter described, beinU a part of said ltortgage, and encumbered ~remises, from the liens and o~eration of said iVlortgage and other liens; ~ NO~Y, THEREFO~Z~, KhOt~' Y~, that the said i1'Iort~agee, in eonsidera- tion of the premises and the sum of Ten Dollars (510.00) and other good and valuable eonsiderations to it in ht1~-d paid by o!' on behalf of the suid mortgagor at the time of the exect~tion hereof, thc receipt whereof is nereby acknowledged, does remise, release, yuit-el~~im, exonerpte, t~nc; ciiset~arge from the lien and operation of said 1lortgu;e and other liens ref~rred to ~bove unto t:~c soi-d ~Nort~agoc, its successors and a~igns tht~t certf~in portion ~f the premises conveyed by said ti-Iortgiiae, und ~tlier liens ceferred to above n!o^e partici~lnrl~~ c'escribed as follows: Condominiurn Parcel No. 4254 , SI,ASCAPE I CLUSTER - PHASE (B), r~ Condominium, according to the lleelarution of C~ndominium recorded September 11, 1980, in Official iteeords Book 338, at Page 1033, of the Public Records of St. I.ucie County, rlorida, and any amendrnents thereto. TO HAVE AND TO HOLD the same, with the nppurtenances, unto the said iNortgagor, its successors and assigns forever, freed, exonerated and discharged of and from the lien of said 1~ortgage and every part thereof; pcovided always, nevertheless that nothing herein contained shall in anywise impair, alter or diminish the effect, lien or encumbrance of the aforesaid Mortgage and other liens referred to above on the remaining property of said mortgaged premises, not hereby released therefrom, or any of the rights and remedies of the holder thereof. IN WITNESS ~VHEREOF, the said Vlortgagee has hereunto set its hand and seal this ~ day of November, 1980. Signed seuled t~nd delivered TNE FIRST Nr1TIONAI. RANK OF ('fI1CAG4, in the presence of: a national banking association ;~' 1 ~(f 1 L~- -II ~ , ~1 ii Q- (~ ~~~~ 7ia~ it~:.i:~r.cr., :.t r;:.• • r~~~l (iy: !~ t•: ^: ti l:'I ((.i. tit I:I I. I~IAI"1) }'I~:.~:;~';)': .>"i'::t~',`.:t'I' t~2CHAfAN (~. . ;:~: . ~t...~~ ~'.~~. ~~ •• ^t:' ~'111~t l•,i~; `C C)r~n I:~::::.y-~~. 7'~r~~.er ~lltitl?i. I' ~U"If~,l :i3131 P~1(JI1C: ;~J 1-U`~~1 F3y ~a~ ~. =~-i.a~,~,~o:...~1 L -c.~- ` ~-~ --..~,,.,/" _ /~ / ~ ~~ Atte5t: /(~r~'.~e.. W~ ~~ 1'~~.~v t~ GZ'~ --~ i r L~ ' L ~~~K3~s P~~E~~z~ 1'