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5~1330
~~'HEREAS, ISI.T,.1D P~RTNERS, INC. , a Florida corporation,
individually and doing business as ISLAND PI~RT:vERS 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. Mortcraaors.
by indenture of Mortgage bearing date the 27th day of August,
1980, an3 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
r1ANUFACTURERS HANOVER MORTGAGE CORPORATION
ann assigns, Mortgagee, the premises therein particularly
described to secure the payment ~f.the sum of
Thre~ Million Three Hundred Thousand Dollars
($3,300,000.00), with interest as therein mentioned:
AND t~~HEREAS, the said ISLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT ~'EN'I`iiRE, a Joint 4enture, ana HtiTCHINSO.~ ISLtiND ~ROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOII~T VENTURE:, a Joint Venture, have requested
the said
,lANUFACTLRERS HANOVER MORTGAGE CORPORATION
to release the premises hereinafter described, being part of
said mortgaged premises, from the lien and operation of said
.iortgage :
NOi7, THEREFORE: KNOW YE, That the said
MANUFACTURERS HANO~~ER MORTGAGE CORPORA'PION
as w~ell in consideration of the premises as of the sum of
to it paid•by the said ZSLAND PARTNERS, INC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT ~'EtJTURE, a Joint~ Venture, and H~3-TCHINSON ISLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS .;OINT VENTURE, a•Joint Venture, at.the
time c~ the execution hereef, the receipt whereof is here~y
acknowledged, does remise, release, quit-claim, exonerate
and discharge from the lien and operation of said Mortgaqe unto
the said ISLAND PARTNERS, INC., a Florida corporation,
individually and doing business as ISLAI~D PARTNERS JOINT
VENTURE, a Joint Venture, and HUTCHINSON IS~AND PROPERTIES,
I?~C., a Florida corporation, individually and cioing business
as ISLAND PARTIvERS JOIi:m VENTURE, a Joint Venture, their
heirs and ass~gns all that piece, parcel or tract of land
being a part of the premises conveyed by said Mortgage, to-wit:
That certain condominium parcel composed of Apartment
N~lmber 209 , and an undivided share in those common
elements appurtenant thereto, in acccordance with and
subject to the covenants, conditions, restrictions,
terms, and other provisions of tt~at Declaration of
Condominitun of ISLAt3D BEACH CLUB, a Condominium, as
recorded in Official Records Book 343 , on pages
~32 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 PtiRTNERS, INC., a Florida corporation,
individually and doing business as ISLAND PARTi~ERS JOINT
VEIvTURE, a Joint Venture, and HUTCHI?-350:~ ISLAivD PROPEP.TIES,
T_tiC., a Flo!'iCa corporation, individually and doing business
as ISLA::~ Pt~FT:~:ERS JUZ::T VCNTliRE, their heirs anc: assions
~~~~K351 E~A~ 545