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~ PARTIAI. RELEASE OF MORTGRGf
` KNOW ALL MEN aY THESE PRESENTS: .
` WH~REAS, FIRST NATIONAL CITY BANK, a national banking associa-
~ tion organized under the laws of the United States of Rmerica, is
now the owner and holder by assignment of the following mortgag~s ~
and the notes secured thereby, to-wit: .
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, A mortgage deed, executed the 14th day of October,
' 1970,"by Outdoor Resorts of America, Inc. to Continental ?
Mortgage Investors, a Massachusetts Business Trust, securin~
- - ~5,100,000.00 and recorded in Official-Record Book 187, Page `
_ - _ 2405, et ~seq., Public Records of St. Lucie County, Florida,~ ~
enc~mbering certain lands in St. Lucie Coynty, Florida ther~in
more particularly described; as amended by Modlfication of -
; Mortgage Deed, dated October 4, 1972, amending the sum secured ~
by -an addi ti onal pri nci pal i ndebtedness of ~l ,112 ,392, 00 and
also enctsnbering other lands in Pp1k County, Florida, which ~ .
Modification of Mortgage-Deed was recorded in Official Record
L Book 207, Page 867, et 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 265, Public Records of St. ~
~Lucie County, Florida; and
~ WHEREAS, Outdoor Resorts of America has requested First National
City Bank to release the.property hereinafter described, being a .
- part of the ~nortgaged premises, from the lien and operation of said -
mortgage; - _
_ NOW, THEREFORE, First Nationai City Bank, in consideration of
the premises and the sum of ~en 2"housand SeventV Five & 00/100-------
~ 10,075.00._._---__ . ---------------~--DO~LARS _ -
, t e receipt whereQf_is hereby ac nowledged,
does remise, release, quit claim, exonerate and di_scharge fran-the
" . lien and operation of said mortgage, unto the said mortgagor, its -
successors and assigns,-that certain portion of t€~e property conveyed ~ -
by said~mortgage r~ore particularly described as follows:
- - -Lot 502, 523 ~ ~ . . y~ 0 a .S~D / ~-D.~ g$ -d~u/7 _
. Sectioh II ~f5~a -SO/ 07~9 -ooe~/J
~ . in that certain condominium known as Outdoor Resorts ~
-of America at Nettles Island, according to plat_ .
_ of NPttles Island Praject recorded in Plat ~ook 16,
~ - ~Pages 1 through 1(j~ inclusive,-at~d Declaration of
- Condaninium recorded in Official Record Book 186, - _ - ;
- - Page 2720, as last_amended ~n Official Record 6~ok ~
_ 192, Page 820, public r~cords of St. Lucie Gounty,
- Florida - ~ . -
TO HAVE AND TO NOLD the same, with tiie appurten~nces, unto the ~
said t~lortgagor, its succ~ssars and assigns, forever freed, exonerated.
~ and discharged of and frG~ the lien of said Mortgage; provided, always, ~
- - nevertheiess, that nothing herein contained s~all~in anywise impair, !
- alter.or diminish the effect, lien or encu~brance of the afore~aid _ ~
- Mortgage on the remaining part of said mortgaged praperty.~ot released - -z
~ hereby,"or any of the_right$ and remedies of tne holder thereof. _
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_ - ~~Rx239 P~~~11~5 - ;
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