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HomeMy WebLinkAbout1130 / . , . ~~~~,~,~0 • ~ l PARTIAL R~LEASE Q~ h10RTGAGE ~ ~ ; . ~ - KNOW AI.L ht~N BY THESE PRESENTS: • ' WHEREAS, FIRST NATIONAL CITY 6ANK, a national bank~ng associa- ~ tion organized under the laws of the United States ofi Americ~,~is now ~he owner and holder by assignment ~f ~he following mortgayes and the notes secured ~thereby, to-wi~: ~ ~ ~ A mortgag~ deed, executed the 14~h day of October, ~ ~ 1970, by Outdaor Resorts of America, tnc..to Continental Mortgage Inves}ors, a Massachusetts B,isiness Trust, securislg $5,100,000.0a and recoY•ded in Official Record 8ook 187, Pa~;~ ; 2405, et seq., Public Records of St. Lucie County, Florida,- ~ ~ ~ encumbering c~rtain lands in St. Lucie County, Florida th~rein _ } more particularly describ.ed; as amended by Modificatian of Mortgage~Reed, dated Octo6er Q, 1972, amending the~sum secured . by an additional principal.~n~ebtedness of ~1,112,392:00 and - also encumbering other lands in Polk County, Florida, which Modification of Mortgage Deed was recorded in Official Record - ~ Book 207, Page 867, et seq.,.Public Records of St. Lueie County, Fl~rida, and as further amended by M~rtgage Modifica- _ tion and Extension Agreement, dated June 27, 1973 and recorded - - ~ - in Official.Record Book 216, Page 265, Public Rec~rds of St. - . Lucie County, Florida; and . , - ~ ~ ~ . _ _ - ; WHEREAS, Outdoor R~sorts of America has requested First Na~ional~ ~ ; ~ City Bank ta release fihe property hereinafter described, being a ~ _ part of the mortgaged~premises, from the lien and operation of said . ; _ ~ mortgage; . - . ~ NOW, TNEREFUREs First t~ational City Bank, in consideration of the premises and the sum of _ our IhQ~~pd Two Hundred Tw~ ive 8? - - - - --D E.LARS ~~,a~ , t e receipt ~ahereof is.hereby ackno~rledged, ; - does remise,-release, quit claim, exonerate and disc~arge from the ; lien and operation of said mortgage, unto the said mortgagor, its ~ _ successors and assigns, that certain portion of the p?operty conveyed - ~ by said mo.•tgage more particularly described as.fo'lows: _ - _ ~ Lot 1392- : , ~,,l~:aa-5'D/-/.5~~-dDb17 - - . - Secti on I I ~ - - ~ ` - in that certain condominium kna?~r, a~ Outdoor Resorts = - _ of Am~rica at Hettles Island, according to plat , of Hettles Island Project re~orded in Plat BQOk 15, - PagES 1 thr~ugh 1(j~ inclusive, and Qeclaration of. . - _ Condominium recorded in Official Re~ord Book~186, Page 2720, as last amended in Official Record Book 192, Page 820, public recor•ds of St. Lucie Co~nty, ~ Florida , ~ ; --TO HAVE AWD 70 HOLD the same, a?ith the appurtenances, unto the said Mortgagor, its successors and assigns, for-ever freed, ~xonerated and discharged_of_and from the lien of said Mortgage; provided, always, z _ nevertneless, that nothing herein contained sha~l in anytivise impair, ~ ~ ~ alter ~r diminish the effect, lien or encumbrance of the afaresaid ~ Mortgage on the remaining part af said martgag~d praperty not rel~ased hereby, or any_of the riyhts and remedies of the hQlder thereof. ~ ~ - ~ ~ - _ f _ _ - - _ ~t , . - s _ . _ _ } _ - - ; ~ • - - - ~ - - ~ _ 3 ~ ~ sao~~39 ~~UF~.~~9 - ~ ~ - - - . - , ~ ~l'R 1 `6 _ ~l,t~- . ~ '