HomeMy WebLinkAbout0276~1~'735
WHEREAS, ISLAND PARTNERS, INC., a Florida ~~rporation,
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 Book 337 at page 1836, mortgaged unto
M11NUr'ACTURERS HANOVE.R MORTGAGE CORPORATION
and assigns, Mortgagee, the premises therein particularly
described to secure the payment of the sum of
Three Million Three Hundred Thousand DoYlars
($3,300,000.00), with interest as therein mentioned:
AND WHEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLI~ND PARTNERS
JOINT VF:NTURE, a Joint Venture, and HUTCNINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, have requested
the said
MANUFACTURERS HANOVER h;ORTGAGE CORPORATION
to release ths premises hereinafter described, being part of
said mortyayed premises, from tne lien and operation of said
t•lortgaye:
NOW, T}~F.REFORE.: KNOW YE, Tnat the said
I•lANUFACTURERS HAT~30VER i?Ou'I'GAGE CORPpRI~TION
as well in con5ideration of tne Premises as of ~he sum ~f
to it ~aid by the saici ISLA:~D PARTNERS, INC., a Florida
corporation, incividually and doing busir.ess as ISLAND PARTNERS
JOI~yT VF::ITL'RE, a Join~ Venture, and NUTCHIhSON ISLI'+ND PROPERTIi'S,
INC., a Florida corporation, ir_cividually ~nd ~oing business
is I SI.AivD PART::F_RS JOi:vT Vr.:~T~:R :, a Jo? nt Venture, at the
ti1;~e of ~he execution hereof, the receipt whereoi is hereby
ac~:nowledyed, cices re:~:ise, release, cuit-claim, exonerate
~nd discharge from the lien ar.d opcration of said riortgage unto
the ~ai~i TSt,~~t~n ?nR'r4~'Rc, r;;r.~ ~, Florida corporatian,
individually and doing business cs IS~~_.:D PAR'i;:c;RS JOIi1T
~~f:'~TURE, a Joint Venture, and f:i.;'iCNI'~:SC:: ISLAi~D PROPF.RTIES,
I-~C. , a Florida carporation, incivic:ually and coing }J11S111t~SS
as ISLI:~7D PARj.:ERS JOI:JT VEtiTLP~, a Jo~nt Venture, their
hF irs -an~3 assigr.s all that rier~, F:arcel or tract of land
aeing a part of the Fremises CGf.V~'}~ed by said ?•'ortyage, to-wit:
`Phat certain _ condominium E;arcel co,:~posed o€ Apartment
?~~~.:~ber 108 , a~d an undivi~ded snare in those common
ele~cents a~purte:.ant therc~o, in acccordance with and
sut~ject to the ccvenar.ts, conditions, restrictions,
terms, :~nd other provisicns of that Declaration of
Conci~~miniu:^ of IS1.A,~D B','f'~C:7 CLUB, a Cor.dominium, as
recorded in Official Recards Book 3~+3 , on pages
732 through 800 , as recorded in the public
rf~cor~3s of Saint Lucie County, Florida.
TO Ht,VE AtiD TO•HOLD the sa:-.~, with the appurtenances, unto
the said ISLAND PARTNERS, INC., a Flori~ia corporation,
individually and doing business as ISLA~D PART~ERS JOINT
VENTURE, a Joint Venture, and F:~TCNINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARThERS JOI:~T VE2vTliRE, their heirs and assigns
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