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PARTIAL REl.EASE 4F MOR7GAGE ~
KNOW ALL MEN BY THESE PRESEN7S: .
WNEREAS, FIRST NATIONAE. CITY 6ANK, ~ hational banking~~ssocia-
_ tion organized under the taws ~f the Unite~ States of America, is
now the owner and holder by assiynment of the fo1lowing mortgages
and the notes secured triereby, to-wi t:
A martgage deed, execufed the 14th day of October, -
- 1970, by Outdoor Resorts of America; znc. to Continental.
hiortgage Investors, .a hlassachusetts Business Trust-, securing ~
. ~~5,100,000.00 and recorded in Official Record Book 187, Page ~ !
24Q5, et seq., Public Records of St. Luc1e County, Florida,
' encumbering certain lands in St. Lucie County, Florida therein ~
- mo~e p~rticularly described;-as amended by Modification of
~ Mortgage Deed, dated October 4, 19~2, amending the sum secured -
- by an additional principal indebtedness of ~1,112,392.00 and
~ a1s~ encunbering other lanc~s in Polk County, Flowida, wh~ch ~
Mr~di fi ~ati ai~ ~f ~i~r~~~~e De~a was recorded i n Offi ci al Record
BQOk 207, P~ge 867, et seq., Public Records of St. Lucie
~ County, 1=larida, and as further amen~ed by Mortgage Modifica-
~ ~ tion and Extension Agreement, dated Ju~e 27, 1973 and recorded ~
in Official Record Book 216, Page 265, Public Records of St. ~
;
Lucie County, FZorida; and - - ;
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~ WHEREAS, Outdoor Resorts of America has requested First National ;
i ~ City Bank to release the property hereinafter described, being a i
. part of the mortgaged premises, fran the lien and operation.of said . €
- _ mortgage; ;
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. ~ NQW, THEREFORE, First National City Bank, in consideration of
the premises and the sum of _
----D RS -
' ~ 5 200.00 ~ , t e receipt whereof is h~reby acknowledged,
_ does remise, release, quit claim, exonerate and discharge from the
lien 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:
- _ . ~ot _ i39 - ~ _ , ysv a --so~-o3a s--aoo%.~
- Section I _ ~ . =
in that certain condominium known as Outdoor Resorts $
- of America at Nettles Is?and, according to plat
of Nettles Island Pro,ject recorded in Plat Book 16, -
Pages 1 through 1(j) inclusive, and,Declaration of =
Condominiun recorded in Official Recnrd Book i8b,
-Page-2720, as last amended in Official Record Book ;
192, Page 82Q, public records of St. Lucie Count~, - `
_ - Florida
TO NAVE AiJD TQ HOLQ the same, with the appurtenances, unto the
~ said hlortgagor, its sucr.essors and assigns, forever freed, exon~rated =
~ = and discharged of and from the l;en af said Mortgage; pravi~eci, always,
_ nevertheless, that nothing herein contained sha11 in anywise impair, _
- al ter or- dimi ni sh the effect, 1 i en or enc~anbrance of the~ aforesai d
_ Mortgage on the remaining ~art of said mortgaged property not release~
i~ereby, ~r ar~y Qf the rights and remedies of the holder~ thereof. ~
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