HomeMy WebLinkAbout0560~-
516~9
WNEREAS, ISLAtJO 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, Mortqagors,
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
MANUFACTURERS HANOVER !~lOR'I`GAGE CORPORATION
and assigns, P+Iortgagee, the premises therein particularly
described to secure th~ payment of the sum of
Three Million Three Hundred Thousand Dollars
($3,300,Q00.00), with interest as therein mentioned:
AND WHEREAS, the said ISLAND PARTNERS, ZNC., a Florida
corporation, individually and doing business as ISLAND PARTNERS
JOINT VENTURE, a Joint Venture, and HUTCHINSON ZSLAND PROPERTIES,
INC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOINT VENTURE, a Joint Venture, have requested
the said
MANUFACTURERS HANOVER MORTG~IGE CORPORATION
to release the premises hereinafter described, being part of
said mortgaged premises, from the lien and operation of said
~iortgage:
~
ivOW, THEREFORE: KNGii` YE, That the said
MANUFACTURERS HIi::GVER MORT~sGE CG~?ORaTIOti
as :cell in consideratior. ~f the pr~~ises as of the sum of
to it paid by the said ISI.~'tiD PAR~`:~'RS, ~NC., a Florida
corZoration, individually and doinc busir.ess as ISLAND PARTNERS
JOI::T Vf:NT~RE, a.7oint ~E. ture, ar.d Hl;TCi?I`SOh ZSLA~D PRGPERTIES,
i.:C. , a Florida ccr: orat:~n, indi~-:~::ally and coing business
as ISLhND PAr~TtiLRS .iOItiT yE2:T~RE, a Joint ~'enture, at the
ti:-e of the execution Y:Freaf, the receiv~ ahereof is hereby
ac%nowledyed, does re:~~:se, reiease, cLit-clairt, exone:ate
and discharge frc:r~ tne iien a~d o_e~a~ic~ of said :;ortgage unto
t~,e said ISLn::D Yr_:(1~~GRS, I`:C.., d: lGt2:.c3 cor~eration,
~^c:vidually and coir.g r,siress a~ ~~:.«:.G PARi':~RS JOIVT
V:':'iC:RE, a Joint L'er.ture, a^d Hi.~TG=-i:~G`: _SL: :~~ PROPERTIES,
i':C., a Florida cor~oration, indi~-idually and coing busi^ess
as I~I.~,ND Pi~R`iNERS JOItii ~'~ti~'t;RE, a Joint Vent~re, their
~c:rs and assigns all that piece; :~rcel or tract of land
~:~:^g a part of the Fre:.:=es cor.ti•e1~n h}~ sai~ "ortgage, to-wit:
That certain condo:-:ini~it parcel co-: osed o: Aparttcent
::umber 214 , and an undiviced share in those cor,:~on
elements a~p~;rter.ant thereto, in acccordance with and
s~"r.ject to the ccvenants, conditions~, restrictions,
terms, und oti;er provisicns o~ triat ~.eclaration of
Condeminiw~n of ISL~-':D B~ACH C~UB, a Cor.de-inium, as
recorded in Official Records 3~ok 3~3 , on Fages
732 throug~ 840 , as recor~?ed in the Yublic
records of Sair~t LLCie County, Florida.
TO HAVE A;JD TO HOLD the sa.:~e, with the 3pr~~rtenances, unto
the said ISLAND PART~JERS, INC., a Florida corpazation,
in~'ividually and doing b~siness as IS:_..~`:D PATcTSERS JOINT
VE!:TL'RE, a Joint Venture, and HUTCi~I2.S0` ISLA:~JD PROPERTIES,
IVC., a Florida corporation, individually and doing business
as ISLAND PARTNERS JOI:iT VEhTURE, their heirs and assigns
a7~ •.)`!~ Pl~6E ~
i
_ r
~.; ~= .~~.~-~ : _ 3