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PARTIAL RELEAS~ OF MORTGAGE -
KNOW A~.L MEN BY THESE PRESFNTS.
WN~REAS, FIRST NATIONAI GITY BANK, a national banking associa-
tion or~anizPd ~~nder the laws of the UnZted States of America, is
~ now the own~r anc~ holder by assignment of th~ following m~rtgages
and the notes s~cured thereby, to-wit: -
A mortg~ge deed,~~xecuted the.l~th d~y of October,
1970, by Outdaor Resorts of America, Inc. to Continental
Mortgage Investors, a Massachusetts Business Trust, securing
$5,100,000.00 and recorded in Official Record Book 187, Page
~ 2~05, et seq. , Public Records of St. -Lucie t~~unty, Florida,
~ encumberi ng certai n l ands i n St. Luci e County , F~ ori da there i n-~
~ more particularly described; as amended by Modification of :
~ Mortgage Deed, dated October 4, 1972, amending the sum secured ~
- - by an additiottal~principal indebtedness of ~1~,112,392.00 and
_ - also encunbering other lands in Polk County, Florida, which
Modification of Mortgage DEed was recorded i~ Official Record -
~ Book 207, Page 867, et seq., Public Records of St. Lucie ~
County, Fl~rida, and as further amended by Mortgage htodifica-
tion and Extension Agreement, ~ated June 27, 1973 and recorded
_ . ~ in Offic~al Record Book 216, Page 265, Public Records of St:
Luci e. County, F1 ori da; and ~ .
~ _ WHEREAS, Outdoor Resorts of America has requested First National ;
City Bank ta release the pro~erty- her+~inafter described, being a - "
• part of the mortgaged premises, fran the lien and operation o~ said
mortgage;
NOI~, THEREFORE, First National City~Rank, tn consideration of .
~ - the premises and the sum Of ~~buY' ~hau..San~ci Fiqht Hundred SeventY Five ~
~ . & oo ioo------_------.°---_____~~~_~_r.__._._____w~.._._pULIaRS
T$ 4,875.00 , t e receipt whereof:is hereby acknowledged;
does remise, release, quit claim, exonerate and discharge fran the ~
- l~en and operation of said mortgage, unto the said mortgagor, its.~ _
successors and assigns, that certain portion of the property conveyed
~ by said mortgage more particularly described as follows:
. . LOt 164 ~ ~ -
- ~ Sectien ~ - - ~5
0~2 -50/- O!~'7=0oa/~ ;
_
~ - --in that ~ertain condaminium known a~ Outdoor Resarts ~
_ - of America at Nettles Island, according to plat ;
af Nettles Island Pro~ect recorded in Plat Book 16, `
. Pages l through 1(~) inclusive, and Declaration of '
: Candaminican recorded in Officia3 Record Book 186, ;
- - Page 27'20, 3s-last amended in Official Reco~d Book - ~
_ 192, Page 820, public records of St. Lucie County, ~
- - Fl ori da = _ '
. TO NAVE Atd~ TO }iOLD the same, w~th the appurtenances, unto the
said Mortgagor, its _successors and assigns, forever freed, exonerated
~ - and di scharged of and from the 1 ien of sai d Ma~rtgage; provi ded, always , =
. nevertheless, that nothing herein contained shali in anywise impair,
- _ alter or_d;minish the effect, 1ien or:en~umbrance of the aforesaid ~
~ Mortgage on the rem~ining part of said martgaged praperty not released ~
. hereby, or any of t~:e ri ghts and remedi es of the hol der thereof . ~
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