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. PARI' IAL RELEASE Of MORI'GAGE
KNOW AI.L MEN BY THESE PRESENTS: - ~
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` WH~REAS, FIRST~NATIONAL CITY BANK, a national banking associa- ~
tion organixed under the laws of the United States of America, i~ ;
now ihe owner and holder by assignn~ent of the followi~g mortgages ;
and the notes secured th~~-~by, to-wit:
A mortgage deed, executed the 14th day of October, ~ `
- - 1970, by Outdoor Resorts of America; Inc. to Continental. ;
_ Mortgage Investors, a Massachusetts Business Trust, securing 3
- a5,100,OQ0.00 and recorded in Official Record BooK 18i, Page ~
~ . 2405, et seq., Public Recards of St. Lucie County, Fl~rida,
encumber~ng certain lands in St. l.ucie County, Florida therein ~ ;
rrwre parti cul arly de~cri bed; -as amende~d by Modi fi cati on -of `
Mortgage Deed, da~~~~ October 4, 1972, amending the sum secured -
by an additional pr°~ncipal indebtedness of ~1,112,392.00 and -
, _ a~so encunbering other lands in Polk County, Florida, which
Modification of Mortgage 4eed was recorded in Official.Record
Book 207, Pa.~~~ 861, e~ seq. , Public Records of St. Lucie ~ -
County, Florida, and as further amended by Mortgage Modifica- - -
. - tion and Extension Agreement, dated June 27, 1973 and recorded -
~ _ in Official~Record Book 216, Page ~65, Public Records of St.
Lucie County, Florida; and _ - -
_ WH~REAS, Outc€oor Resorts of America has requested First National -
- City Bank to rele~se the property hereinafter described, being a
- part of the mortgaged premi_ses , from the l i en and operati on of sai d -
mortgage; _
~ _NOW, THEREFOR~, First National City Bank, in consideration of
- the premises and the sum of Fourtee,n ~h~usand Six Hwx~.ted 'it~en ~Five _ -
& 00/100------------_ -~--------DOLI RS
~ 14~625.00 , t e receipt whereof is hereby ac nowledged,
does remise, release, qui~ claim, exonerate and discharge fran the
lien and operation of said mortgage, unto the said mortgagor, its
successors and assigns,_that certain portien of the property conveyed
- by said mortgage more particularly described as.follows:
ySo ~ -SoI-O 79G -o~~~-~
Lot 610, 833, 834_ y S 6 a-So !-/0/9 - oooJy
- - se~t;ori II - ys~a -5a~-,o~v -aop/y
in that certain ~ondominiu~~ known as Outdoar Resorts
~ ~ of America at Nettles Island, according to plat -
- of Nettles Island Project recorded in Plat Book lb,
- Pages 1 thrQUgh 1(,j) inclusive, and Declaration of
- - Condominium recorded in Official Record 8ook 185, -
~ Page 272Q, as last amende~ in Official Record Book
; 192, Page 82Q, public recards of St. Lucie County,
Florida ~ - -
70 HAYE AND i0 HOLD the sam~, with the appurtenances, unto the
said Mortgagor, its successors and assigns, forever freed, exonerated
and discharged of and from.the lien of said Mortgage; provided, always,
_ nevertheless, that nothing herein contained snall in anywise impair,
~ alter or diminish the effec~, lien or.enc~xnbrance of,the aforesaid .
- Mortgaye on the remaining part of_said mortgaged property not released -
hereby, or any of the right5 and remedies of the holder thereof.
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