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PARTIAL R~LEASE OF ~10RTGAGE
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KNOt•J ALL h1EN BY TtIESE PRESENTS:
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. WHEREAS, FIRST NATIOi~AL CITY BAP~K, a national banking associa-
tion organixed und~r tihe laa~s of.the United States of America, is ~
now the oamer and holder by assignment of the following mortgages ~
and the notes se~ured thereby, to-wit: {
A mort~a~~ deed, executed the 14th day of October, ~
1970, by 0«tc?ooi• Resorts of America, Inc. to Continental
hlortgage Investors, a ~tassaciiuset~s Qusiness 7rust, securing ~
~5,100,000.00 and recorded in Official Record 6ook 187, Page - ,
. 24~5, et seq., Public Records of St.•Lucie County, Florida, !
~ encumbering certain lands in St. Lucie County, Florida therein ~
more particularly described; as amended by Mo~ification of ~
- _ ~tortgage Deed, dated Octobet• 4, 1972; amending the sum secured ;
by an additional principal indebtedness of $1,112,392.00 and i
- also encianbering other lands in Polk County, rlorida, which ~
- hlodification of ~tortgage Deed was recorded in Official Record -
~ook 207,"Page 867, et seq., Public Records of St. Lucie
County, Flori da, and as further amended by ~iortgage Modi fi ca- _
~ - ~ tion and ~xte~~sion Agreement, dated June 27, 1973 and recorded
. in Of~icial Record Bootc 216, Page 265, Public R` ~cor.ds of St.
Luci e County~, F1 ori da; and . ff.Sn=? -,S C'.h~'//-~.~`l'~S~
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4lHEREAS, Outdoor Resorts af America has reques e F~`rs Na ional . -
City Sank to release the pr~operty hereinafter described, being a
part of the mortgaged premises,-fra~~ the lien and' Aperation of sa~
~ - mortga~e ~ S-D~~ C?/' ~S'.s
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NOW, THEREFORE, First National City Bank, in consideration o~ . ~ C
, - the pre~tises aitd the sum of Zwenty Nine Zhausand Five xundred Seventy
- Five ~ 00/100------------ DOLLAkS
-~29, 575.00 t e recei pt a~herecf i s hereby acknoti•~1 edged, -
~ does re~iise, release, quit claim, exon~rate and discharge frcm_the
lien and operation of said mortgage, unto the said mortgagor, its I
. success~rs and assigns, that certain portion of the property convey~d ~
b~ sai ci mortga.~e more parti cul arly described as fol l oti~s : ~ ~
° L?~ - S~'~ //~S= ~~C>~b
= ~ Lot 125, 524, 651, 928, 939, 1318 - ~
; _ Secti o~i zz '~5~~~ " `l C'j- /.S~4S ~C~~~~ - ;
in thdt certa~n condominiurn knoti~~n as Outdoor Resorts _ }
- of America at hettles Island, according to plat
_ of Nettles Island Project ~ecorded in Piat Bo~k 16,
. Pages 1 through 1(j) inclusive, and Declaration of ?
- Condominium record~d in Official Re~ord Book. ~86, ~
- - Page 2720, ~s last am2nded in Official Record 6ook -
~ 19?., Page 820; public recot•ds of St. Lucie Caunty, ;
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TO HAi'E ~~lD TO HO!_D tfie sarn~, ti~rith the appurtenances, urto ts~e • ±
~ - said ~biegagor,_its successors and assigns, forever freed; ex~nerated _ _
. and. ~i scfiarged of and from the 1 i en of sai d hior~gage; provi ded, al~~ays , ~
. . neverthelESS, that no~hing herein co7tained shall in anytivise impair, -
~ alter or dirninish the effect, lien or encu~n6rance of th~ aforesaid
, h~ortgaye on the remaining part.of said mortgaged proper~y not released ~
hereby, or anv of the r:ghts and rerr,2dies of the holder thereof. _ '
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~ - ~ BOOK240 PA~F2442