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!'OR~[ !lt - I'srtlai Rrleu,.e ~~f ai~~~tga~~:.• TRI('I.~ "O'• LEOAI. FARlIQ - il~lne~ Cil~. Rlorldw
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Tl,at P~nnamco, Inc. 2
a corpora~ion exiiting under th~ lau•s o/ th~ Sta~e o/ Delaware ~
the holder o/ a certain »~ortga~e txecuted hy ISldnd Villdge of HutChinSO~
~nc Island Development Corporation to Pennamco, Inc.
b~a~ing date tht 20th day o/ Nov. fl. D. 19 79; rtcordtd i» O//iceal Rtcord
Book 320 , Png~ 2748-5$ oJ t/ie Publrc Rtcords o/ St. LuCie County, State o/
Florida; givtn to atcur~ a cert~en nolr, evtn datt, /or the principal sum o/
One Million Three Hundred Sixty Five Thousand 00/100 (s1,365,000;00) Dollars, ¢
upon the property tlrer~in partrculnrly dttcrebtd; ~or ~nd in con:idtrntion o/ tht su»e
of -----------------Ten--------------- and othtr good and valuabl~ con.tid~ration:, -
to it i~ ha»d pnrd, th~ r~cei~?1 u•htrPO~ rs h~rtby ncknoa~/~d~td, dot: rtmi.rt, rtltast. 4
quit-clai»i, txontr~tt and dischRrJe ~ronr th~ leen and op~ration •o/ said mortgagt al!
that pitct, finrctl or trnct o/ lRnd, t~~ arif:
Unit S-7 of Island Village, Phase 1(Legal Description Attached)
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Further, specifically releasing and terminating as to said Unit 6-7 of
Island Village, Phase 1, that certain UCC-1 Financing Statement between
Island Village of Hutchinson Island pevelopment Corporation and
Pennamco, Inc., filed November 20, 1979 and recorded in Offic~ial REcords
Book 320, Pages 2771-72, Public REcords of St. Lucie County, Florida.
Further, releasing as to said Unit B-7, Island Village, Phase 1, assigrnient ~
of leases, rents and profits recorded in Official Records Book 320,
. Page 2767, Public Records of St. Lucie County, Florida.
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Provided Always, nev~rthtltJ.r, thnt nothing htrten containtd shall iu ~
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anyaais~ empaer, alter or diminish the ~//~ct, li~n or incumbranc~ o/ th~ a/or~raid ~
Mo~tgagt on the r~»iainin~~ pnrt o/ s~id mort~ngtd prtmel~a, not htrtby r~ltastd
I! thtrtfrom, or any o~ tht reghts ~nd re»:~dies o/ tlr~ hold~r thtr~o/.
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_~,~~~~':~„lEV.1.~t11eSS Whereof~ 1he snid corporntion hns caustd tb~st Qr~s~nts ~
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~~„ils nam~ b?~ its dul~~ nt~tl~oriztd o~/ic~rs, nnd its corporatt tta! to bt a/-
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~.'~lc~~~ YTi:~'~~' da?• o/M~ ~l. D. 19$ I. 4
a~ t=,if, j :.tl: ~ _ : 3
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. . ~ = Pen o, Inc. ~
~ : t~i ~-y~,-~, ` (Corporale ~
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SS~Stdllt ,Sccrtl ry
$ Bigned,' eeakd and Delive in Our Prese . ;
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~ State of Florida,
Conn o! Palm Bea h ~ ~
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~ I AEBEBY CEBTIFY, Thnt on thiJ dny, b~fort mt, an c~'ftctr duly authoriz~d in
~ , tht Statt and County a/ortsaid to takt acknoavledgm~nit, p~rsonally aQptar~d
~ James W. Smith, Vice President and Phyllis E. Lockard, Assistant Secretary
~ known to mt to bt thr indiLiduals d~ccribrd in and avho txtcut~d tht fort- ~
going inttrum~nt asd th~y acknowl~dg~d btjort m~ thai they ~xttut~d tht aamt, and ;
af/ix~d th~rtto th~ o//ic:al s~al o/ lnid corporation, and the~;~u d",~'
rtrum~nt ii t/~t ~
act and dttd o/ rnid corporntion. _,r~
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w1tt1QS$ my hand nnd o ie~n stnl in tke tat~ etnd,~ ~P~t,ojor id, this
' ~b day of '~~l C~.,.-~ R. D.19~ ~ . . ~ ~ - I
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My NOi~ PU6lIC STA
p0<<iL0lIDA AT U1R~
~AY GG1~~4~4iiSi "'+.-F-: =~5,~,~'~'= ~o ~oft4 ~
BOP:~:D Th~.J GEriEtAl INS , Ut~iDERWBIIEBS Nota'r~' C••`~ i
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