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51.~512
PARTIAL RFLEASE OF ~IORTGAGC 1.IEN
R'I~EREAS, HU'fCHINSON ISLAND LIA'll'I'CD, INC., a Delaware
cocporation authorized to transact busines~ in the State of Florida, hereinafter
called "Mortgagor," by the following deseribed documents gcanted and conveyed
unto TNB FIRST NATIONAL BANK OF CIiiCAGO, a nnlional bankin~ association,
hereinafter called "1~lortgagee" and its assigns, the prernises and peopecty therein
particularly described to secure the payment of the sum of rnoncy hcreinafter
mentioned with interest •thereon: -
~1ortgage given by HUTCIIINSON ISLAND I.t1~11TED PARTNERSHIP, as
Mortgagor, in favor of THE FIRST NATIONAL BANK OF CHICAGO, as -hlortgagee,
dated Uecember 4, 1978, and filed in Official Record Book 299, at Pnge 991, in the
Public Necords of St. Lucie County, Florida, in the originAl r~mount of Twelve
Million_ [~ollt~rs ($12,000,000.00), and ns modified by ?~lodifieetion- of- ~'loctgage
dated June 2, 1980, and recorded in Offici~l Records E3ook 332.at : age 1738 of the
Public Records of St. Lucie County, Florida, wherein HUTCHINSON ISLAND
1.I1~IITED, INC. assumed the indebtedness secured by s~id lrlortga~e, and increased
ttle indebtedness to the pri~ticipal sum of Thirtcen ;~lillion Doll~rs (~13,000,000.00),
together with an _1~.5ignment of Leases, Rents and Profits rccorded in Official
Reeord I3ook 299, nt I':ige 1002, arid UCC-1 Financing Statemer.t recocded in
Officittl Hecord Book 299, at Pr~ge 1008, all ~~i said documents filed in the Public
Records of St. Gucie C'ounty, l~lorida, tind in ~zd~lition, n L'CG1 Finanein~
Statement filed wit'~ ihe Secretury of Str~te, Strite o[ :'loric!~, on December ?,
1978, under File No. 966909, betwecn sai~ parties; and
1~r'HEREAS, the said 'tSortonge ht~s requested the s~id 1lorigugee to
release the premises and other property hereint~fter described, being a part of said
~lortgage, and encumbered Qremises, from the liens and operation of said ~iortgege
~nd other liens;
~~
NOW, THE:REFORG, KNOW YI:, thnt the sriid 1~lortgngee, in consiueru-
tion of the premises and the sum of Ten Dollurs (~10.00) t~nd other good anc'
vnluable consid~rations to it in hand paid by or on behulf of the sr~id mortgagor at
the time of the execution hereof, the ceceipt whereof is hereby acknowledged, does
remise, release, quit-claim, exonerate, and discharge from the lien and oper~tion
of s~tid 17ortgage and other liens referred to ~bove unto the said AIortgagor, its
successors and assigns that certt~in portion of the premises conveyed bti- said
J~lortgage, and other liens refe~red to above more particularly described as fo~loY~s:
Condo~ninium Pnrcel No. t,g6~, SEASCAI'E I
CLUSTER - PHt1SE (li;, u Conc~o~nininm, according
to the Declaration of Condominium recorded
September 11, 1980, in Officis~l Necords Book 338,
at Page 1033, of the Public Recorcis of St. (.ucie
County, Florida, end any amendments there*.o.
'TO }IAVF. ~i~D TO HOLD the s~imc, with the r~p~urtenances, unto the
said 1~~lortgagor, its successors an~ assigns forever, rreed, exonerateci and
dischnrged of and from the lien oi ~id 11ortgn~e and every part ~her~of; pcovi~'ed
always, nevertheless ttlat nothing herein cor~tained shall in an~~:wise i::;pair, niter or
diminish the effect, Iien or encumbrance of tf~e nfore~id '11ort~nQe ~~nd other liens
referred to ~bove on the remuining property of said mortguged premises, not
hereby released therefrorn, or any~ of thc rights and remedies of thc halder theceof.
IN 1VITNESS 1VElE1~EOF, the s~id A1ort~~i~ce has hereimto set its han~
and seal this ~ day of November, 1980.
Signed sealed and delivered TttE FIRST N~TiONAL RANK OF CIIICAGO,
in the presence of: a nat'sonal bHnking associ~ti~n
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Z'=;i•; ~n-•intrr.;• ., F~r. • ..~~tl by:
K(:ti`:T•:'I'ei .1. t~'{;IL '
FLOYI~ 1'1:.1';~'.1?.; ~"i'i:1".1:t'I' ltICEi1tAN
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Attest: ,.~ ,_ -~ ( r,-"~ . _.~,~~_.
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B~~K-,4~ PdGE U69
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