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PA~~ IAL RE~~ASE OF MQRTGAGE `~~~~`~8
KNOW ALL I?1~N RY THES~ pRES~NTS:
~ ~ _ W~~REAS; FIRST NATIONAL CITY 6ANK, a national ~anking associa-
~ tion drganized under the laws of the United States of America, is ~
now the owner and hold~r by assigrnment of the fo7lowing mortgages
and the notes secured thereby, to-wit: ~ f
. - ~
A mortgage deed, executed the 14th day af October, ~
1970, by Outdoor Resorts of America, Inc. to Continenta~. ;
- Mort,age inveStors, a Massachusetts 6usiness Trust, securing
$5,~100,000.00 and r~ecorded in Official Record Book 187, Page ~
~405, et sEq., Publ~c Records af St. Lucie C~unty, Florida, - ~
~ - enc«nber~ ng_ certai n_ 1 ahds i n St.- Luci e County, F1 ori da therei ~ ~
more particularly described;-as amended by Modification of .
Mortgage Deed, dated Oc~aber 4, 1972, amending the sum secured
~ -by an add9tional principal indebtedn~ss of ~1,112,392.00 and .
~ also encunbering othsr iands in Polk County,-Florida, which _ ;
Modification of Mortgage Deed was recorded in Official Record ;
_ Bonk 207, Page 857, et seq.,.Public Reco,rds of St. Luci~
- County,.Florida, and as further~amended by Mortgage_ModiTica-
tion and Extension Agreement, dated June_27, 1973 and recorded
in Officia2 Record 8ook 216, Page 265,-Public Recards of St. ;
_ Luci~ Caunty, Florida; and _ _ - - - ~ - '
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WHEREAS, Ou~door Resorts of America has requested First National ~ '
City Bank to release the property-h~r~einafter described, being a ~
part of the mortgaged premises, from the lien and operation of said
martgage; . - - <
_
_ NQW, tHEREFORE, First National City Bank! in considerati~n of ~ ;
the premis~s and the sum of - ~
- ~ ~ -Q LLARS - 4
, - -
~ _ 4,550000 , t e receipt whereof~s-hereby acknowledg~d, =
does r~mi~e, release, quit claim, exonerate an~ discharge fran the
lien and operation of said mortgage, unto the said mortgagor, its ~
- successors and assigns, that ce~tain por~ion of the p~•operty conveyed s
by said mArtgage more particularly described as follows: :
'C
~.ot s~9 . - . _ ~so a o ~ -io 05 = ood~3 x
- - - Secti or~ II - _ ~ _
in that certain condomi~zium knawn as Outdoor Resorts ~
of America at-Nettles Island, according to plat - {
~ of Nettles Island Pro~ect recorded in Plat Book i6, F
_ Pages 1 thruugh 1(j) inclusive, and-C~~ciaration of . . ~
- Candominium recorded in Officiai Record Boak 186, - ~ _ ~
~ Page 2720, as last amended in Official Record Book- ~
192, Page 820, public records of St. lucie County, .
~ _ Florida - `
TO HAVE AND TO NOLG the same, with the appurtena?~ces, unto the
~
said Mortgagor, its successors and assigns, forever freed, exonera~ed -
and discharged of and fran the lien of_said_Mort;age; provided, always,
- nevertheless, that noth~ng herein contained sha11_in anywise ~mpair, ~
~ alter or.diminish the effect, lien or encurnbrance.of_~he aforesaid -
Mortgage an the remaining part of said martgaged proper~y not released
hereby, ar any of the ~^ights and remedies of the holder thereof. -
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