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PARTIAL R~LEAS~ OF MORl'GAGE
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- KN4W ALL MEN 8Y TN~SE PRES~NTS:
_ WNEREAS, FIRST NATIONAI. CITY BANK, a national banking associa-
tion organized unc~er the laws of the United States of America, is
now the owner and holder by asstgnment of the fallowing mortgages
and the notes secured thereby, to-wit: _
~ A mortgage deed, executed the 14th day of October, . ~
1970, by Outdoor Resorts ofi America; Inc. to Continental ;
- Mortgage Investors, a Massachusetts 6usiness Trust, securing ~
- ~5,100,000.00 and recorded in Official Record Baok 187, Page ;
2405, et seq., Public Records of St. Lucie County, Florida,~ ~
encumbering certain lar~ds in St. lucie ~ounty, Florida there9n ~
- ~ mare particularly described;-as amended by Modification of ~
_ Mortgage Deed, dated October 4, 1972, amending the sum secured ;
~ by an additional principal indebtedness of ~1,112,392.00 and
- also enc~anbering other lands in Polk County, Florida, which
Modification of Mortgage Oeed was recorded 1n Offi~ial Record_
8ook 207, Page 867, et seq., Public Records of.St. Lucie
. Count~, Florida, and as further amended by N~ortgage Modifica-
- ~ tion and ~xtension Agreement, dated June 27, ~973 and record~d
in Official Record Baok 216, Page 265, Public~Re~ords of St.
~ Lucie County, Florida.; and ~ ~ -
- WHEREAS, Outdoor Resorts of America has requested First National
- City B~nk to release the property hereinafter described, being a -
. part af the mortgaged pr~mises, from the lien and operation of said
mortgag~; _ . - _ ~
NOW, THEREFQRE, First Nationa~ ~City Bank, in consideration of _
- the premi ses and the sum of Four 2housa,nd E.iqht xunclrer3 se~en Five
& 00 100--- ---~----___.._..._a OLL RS
` 4 875.00 ;_t e receipt wherpof is hereby ac nowledged,
. ~ does remise, release, quit_claim, exonerate and discharge from the
lien and operation of said mortgage, unto the said mortqagor, its
~uccessors and assigns, that certain portion of the property conveyed
by said mortgage m~re particularly described as follows:
Lot lool - . - '
Secti on zz - ~sU ~ -5~6 / -%/~8`0o a ;
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~ in that ~ertai~ condaminium known as~0utdoor Resorts .
• of America a~ Nettles Island. according to plat '
of IVettles Island Pro~ect recorded in Plat Boak 16, -
; ~ag~s.l through 1(~~ inclusive, and Declaration o~
- Condomi ni ~an rect~rded i n Offi ci at - Record Book 186, i
~ Page 2720, as last amended in Official Record Book -
_ 192, Page 82G, public records of St. Lucie County, ~
- . Florida _ - - . °
TO HAV~ AND TO NOLD the same, with the appurtenances, unto the ;
said Mortgagor, its successor~ and assigns, f~rever freed, exon~t•ated ;
and discharged of and from the_lien af sa~d Mortgage; provided, always, ~
~ neverthele~s, that n~thing herein-contained shall in anywise impair, ~
alter or diminish the effect, lien or encumbrance of the afores~~d ~
~ Mortgage on the remaining part ~f said mortgaged property not r~leased ~
hereby, or any of the rights a~td remedies of the holder thereof. `
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