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HomeMy WebLinkAbout05375~13~5 ~ -~;HER£~S, ZSLa::D PriRTnERS, INC., a Florida corporation, indi~~idually and aoir.g business as ISLti~D PART~ERS JOIt~T VENTURE, a Joint Venture, and HL~TCIiI2:SOr ISLAtiD PROPERTIES, INC., a Florida corpcration, ir.di~~idua~ly and doing business as ISLA~iD PARTrERS JOIrT VEhTURE~ a Joint Venture, Mortgagors, by incenture of Mortgage bearing date the 27th day of August, 1°80, 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 I~',F-NUFACTURERS HAI~IOVER MORTGAGE CORPORATION and assigns, riortgagee, the premises therein particularly de~scribed to secure the paymer,t of the sum of Three Million Three Hundred Thousand Dollar~s (53,300,000.00), with interest as therein mentioned: ArD WHEREAS, the said ISLAI~D PARTNERS, INC., a Florida corporation, individually and doing business as IS~AI~D PARTNERS JOZNT VE~T(;RE, a 3oint Venture, an~ HL'TCHI:~SO;~ ~S; AhD PROi'ERTIES, INC., a Florida corporation, individually and doing business as ISL~~D PARTNERS JOINT VENTURE:, a Joint Venture, have requested the said ~ MANUFACTURERS HaNOVER r10RTGAGE CORPORATION to release the premises hereinafter described, being part of said mortgaged premises, fror~ the lien and operation of said 1-iortgage : N047, THEREFORE: KNOW YE, That the said riAlvtiJFACTURERS HAN~VER MORTGAGE CORPORATZON as well in consideration of the premises as of the sum of to it paid by the saici ISLAND PARTNERS, INC., a Florida - corporation, individually and doing business as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, and ~I-~i.TCHINSON ISi~Ai~D PROPERTZES, INC., a Florida corporation, individually and doing business as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, at the ~ime of the execution hereof, the rec,eipt whereof is her~by 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 ?ARTNERS JOItJT \IENTURE, a Joint Venture, and HUTCHINSON ISLAND PROPERTIES, I~iC., a r^loricia corporatior., individually ana doing business as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, their heirs and assigns all that piece, parcel or tract of land being a part of the gremises conveyed by said Mortgag~, to-wit: That certain condominium parcel composed of Apartment Number 309 , and an undivided share in those comr.:on elements appurtenant thereto, ir. acccordance h•ith and sub~ect to the covenants, conditions, restrictions, terms, and other pro~;isions of tl-,at Declaration of Cor.dominium of ISLAIvD B~ACH CLUB,'• a~ Condominium, as recorded in Official Re~ords Book 343 , on pages 732 through 800 , as recorded in the public recorns of Sair.t Lucie County, Florida. •- •- TO HAVE AND TO ?iOLD the same, with the appurtenances, unto the said ISLAND PARTNERS, INC., a~lorida corporation, individually and doing business as ISLAi~D PF,RTNERS JOINT VE?1TL'RE, a Joint Venture, and HL'TCHZ~JSO"h ISLht~D PROPERTIES, I'~:C. , a Flari~~a corporation, inci~•~~uall~~ anc dcir:g ~usiness as ISLAi~D PART~.ERS JOII~T VEtiTliRE, their heirs and assigns ~::' K 351 F~~~ ~~fi / :_=~