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PARTIAI. RELEAS~ OF ~tORTGAGE: ~
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KNO~~J Al.L ~lEN BY 7NESE PP,ESENTS: ~
WNEREAS, FIRST NA7IONA~ CI7Y BANK, a nation~l banking associa- ~
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ti on organi zed under the 1 a4~~s of tf~e Uni ted Sta tes of A~n~ri ca , i s ~
now the otti~ne~~ and holder by assignr~ent of the follo.•ri~g ~aor,tgages ;
and the notes secured thereby, tc~--~•ri t: . s
A mortgaye deed, executeci the 14th day of Oc~:aber, ~
1970, by Outdoor Resorts ~f 1~~~:~i~ica, Inc. to Contiti~t~tal -
Mortgage Investors, a h1a~s~i~hus~~ts Qusiness Trust, ~ecuring ~
$5,100,00~.00 and recor~ed in OfFicial Record Boo~; 1b7, Page
2405, et seq., Public Recc:^d~ of St. ~ucie County, Florida,
encum~ering certain lands in St. Lucie Count~, Florida therein
more particularly described; as amended by h~odification of - j
hlortgage D~ed, d~ted OctG~i~er 4, 1972, amending the sum secured - ~
by an additional princip~i indebtedness of $1,112,392.40 and . ~
also enc~bering other lands iti Polk County, Florida, which
Modi fi cati on of Ntot~tgage Deed ?~~as recorded i n Offi ci al Recard -
Baok 201, Page 867, et seq., Public Recoi•ds af St. Lucie . ~
County, Florida, and as further amended by Mortgage Modifica-
tion and Extension Agreement,-dated June 27, 1973 and recorded
in Official Re~ord Book 216, Page 2b5, P~blic Records_of St.
- Lucie County, Florida; and
4lHEREt~S, Outdoor Resorts of America has requested First National_ -
City Bank to release the property her~inafter described, being a
part of the mortgaged premises, frc~i the lien and operation of said
~ mortg~g2; .
_ NQ,~, TNEP,Ef'ORE, Fi rst Nati onal Ci ty 8ank, i n consi de?•ati on of
the premises and the sum of ~taenty Seven ~hausand. Zhree Hundrecl & ~
00 100------____----------- ~M,_~~QOLL~fiS
' . 27,300.00 , t e receipt ~•rhereof is hereby ac~Cno~•~ledg~d, ~
does-r~mise, release, q~it claim, exonerate and discharge fror~ the ~
lien and operation of said mortga~e, unto the-saia mortgaoq~, its ~
- successors and assigns, ~hat certain portion of the property convey~d ~
. by said ruortgage more particularly described as follo4rs: i
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4~t 355, 498, 529, 579, 588 . -
Section II -
i n that certai n co,~domi ni um kno,in as Outdoar Resorts -
_ of America ~t N~i.tles Island, according to ~lat _
of Nettles Island Project recorded in Plat Book 16, ~ ~
- Pages 1 thro~gh 1(j) inclusive, and Declai~ation of ~
Condo~iiniu~~ recorded in Official P.ecord~ Boolc 186, -
Page 2720, as last am~nded in Official Record 6ook
. 192, Page 820, public records of St. Lucie County, ~
Florida =
TO fiAVE At1D TO NOLD the same, alith the appur~enances, unt~ the :
said t~ortyagor, its successors and assigns, forever• fre~d, exone~~~ted ~
~ - and di scharged of and from the l.i en of sai d 1~tortgage; provi ded, alti~ays , . ~
neverii~ei ess,- that nothi ng herei n contai ned shal 1 i n anyti•ri se impai r,
alter ur diminish the effect, lien or encumbrance of the aferesaid
- MortyaG~ or~ the re~ain~ng part of said mortgaged property not released ~
het~eby, or any of th~ rights ?nd remedies of the holder thereof.
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