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WHEREAS, ISLA:JD PARTNERS, YNC., 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 doinq business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, Mortgagors,
by indenture of r~ortgage bearing date the 27th day of August,
1980, and recorded in the Office af 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
MANUFACTURERS HANOVER MORTGAGE eORPORATION
an3 assigns, Mortgagee, the premises therein particularly
described to secure the payment of the.sum of .
Three Million Three Aundred Thousand Dollars
($3.300~000.00), with interest~as therein mentioned:
AND WHEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISY.AND 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, have requested
the said
•M.ANUFACTURERS HANOVER MOR'TGAGE CORPORATION '
to release the premises hereinAfter described, being part of
said mortgaged premises, from the lien 'and operation of said
Mortgage:
~4~yj j Tj-iFREF~IT~F ~~C~~1T.S~ VL ~ i~ii~,'a a~. a}.iarc' ao'~.i.t~
MANUFACTURERS HANOVER MORTGAGE CORPORATION
as well in consideration of the premises as of the sum of
to it paid by the satid ISLAND PARTNERS, INC., a Florida •
corporation, individually and doing business a-s ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and Iii~TCHINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, at•the
time of the execution hereof, the re~eipt whereof is hefe,#~y
acknowledged, does remise, release, quit-claim, exonerate
and discharge from the lien and operation of said Mortgage unto
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 Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a'Joint Venture, their '
he~irs and assigns all that piece, parcel or tract of land
being a part of the premises conveyed by said Mortgag~, to-wit:
That certain condominium parcel composed of Apartment
Number 209 ., and an undivided share in those common
elements appurtenant thereto, in acccordance w•ith and
subject to the covenants, conditions, restrictions,
terms, and other provisions of that Declaration of
Condominium of ISLAtvD BEACH CLUB,~a Condominium, as
recorded in Official Records Book 343 , on pages
732 through 800 , as recorded in the public
records of Saint Lucie County, Florida.
~ TO HAVE AND TO HOLD the same, with the appurtenances, unto
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 Florina corporation, individually and doing business
as ISLAIvD PARTr:ERS JOItJT VENTURE, their heirs and assigns
n`l~K•JVU P"~F J~`t