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PARTIAL REI.F.ASF OF l110RTGAGf: I.IF.N
WHF.R~AS, HUTCHINSON ISLANI) LI~11TkD, 1NC., a De~aware
corporation authorized to transact business in the Stafe of Florida, hereinafter
called "Mortgagor," by the following described documents granted and conveyed
unto TlIE F1RST NATIONAL RANK OF C111CAG0, e national banki~g associ~tion,
hereinafter caUed "Mortgagee" and its assigns. the premises und property therein
particulurly described to secure the~ payrnent of thc sum af money hereinafter
mentioned with i~terest thercan: _
1~9ortguge givc~n by HUTCIIli~SO`: iS1.ANn LI:VIITF.D, lNC., as
Mortgagor, in favor of TIIE FIt2ST NATIONAI, t3ANK OF Cf1ICAG0, as l~lortgagee,
dated June 2, 1980, and filed in Official Record [iook 332, et Page 1703, in the
Publie Itecor~.is of St. Lucie Coiinty, Floric~a, in the origine~l t~mount of Twelve
Million Seven I~undred Thousand Dollars (512,700,0~70.00), t.~gether with an
Assignment of Leases, Rents and Profits recorded in Official Record Book 332, et
Page 1728, and Assignment of Sales Contracts recorded in Official Record Book
332, at Page 1735, and UCC-1 rinancing Statement recorded in Official Record
Book 332, at Page 1721, all of seid documents filed in the Public Records of St.
Lucie County, Florida, ~nd all of said documents recorded on June 5, 1980; and in
addition, a UCC-1 Financing Statement filed with the Secretary of State, State of
Florida, ~n June 16, 1980, under File No. 1207244, between snid parties; ~nd -
WHEREAS, the said Mortgege ha: requested the saic! hiortgagee to
release the premises and other property hereinefter described, being a part of seid
Mortgage, and encumbered premises, from the liens and operation of said Mortgage
and other licns;
NOW, THEREFORE, KNOl1t YE, that the . snid Mortgagee, in
consideration of the premises und the sum of Ten Dollars (~10.00) and other good
and valuable considerations to it in hand paid by or on behalf of the said mortgagor
at the time of the execution hereof, the receipt whereof is hereby seknowledged,
does remise, release, quit-clr~im, exonerate, nnd dischacge from the lien and
operation of said Mortgage and .other liens refr_rred to above unto the said
ti'lortgagor, its successors and assigns thnt certr~in portion of the premises conveyed
by said Mortgage, and othee liens referred to a~ove more particularly described as
follows:
(:ondominium lrlnit No. 7425, CATAAtAitAN Ii,
PH~1S~ n, a Condominiiim, accordi~a to the
Dec2aration of Condominium recor~led July 15. 1~-80,
in Official-Recohds Book 33~, at P~ge 2451, of the
Public Necords of St. Lucie County, Fl~ride.
TO HAVE AND TO HOLD the same, with thc Appurtenances, unto the
said ~lortga~or, it~ successors and t~ssi~;ns forever, freed, exoneret+~d and
discharged of and frotn the lien of said Ma•tga~e an~ every part thereof; provided
always, nevertheless that nothing herein c~ntained shall in anywise impair, alter or
diminish the effect, lYen or encumbrance of the aforesaid ~11ort~Age and vther liens
referred to above on the remeining propertS- of suid mortguged premises, not
hereby released therefrom, or any of the rights and remedies of the holder thereof.
IN K'ITNESS WHEREOF, the said Mortgegee has hereunto set its hand
and seal this ~ day of November, 1980.
Signed sealed and delivered THF. FIRST NA't'IONAL RANK OF CIIICAGO,
in the presence of: a nnti~nal bnnking association
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