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Prepared by and return ~o
Wesley R. Harvin, Esq.
'1400 S.E. Midport Rd.
Sui~e 200
Por~ St. Lucie, FL 34952
PARTIAL RELEASE OF MORTGAGE
Know All Men by These Presents:
WHEREAS, THOS. J. WHITE DEVELOPMENT CORPORATION, a Florida
corporation, executed a Mortgage in favor of FLORIDA NATIONAL BANK,
dated May 29, 1987, in the original principal sum of $2,500,000.00 and
filed June 26, 1987, in Official Records Book 547, Page 2013, and
Receipt of Advance Under Mortgage Providing for Future Advances, dated
September 4, 1987, in the amount of $1,500,000.00 filed September 14,
1987 in Official Records Book 557, Page 960; and a Second Mortgage
dated February 29, 1988, and filed March 8, 1988, in O.R. Book 577,
Page 2321; and a Third Mortgage dated February 29, 1988, and filed
March 8, 1988 in O.R. Book 577, page 2332; and a UCC-1 Financing
Statement filed March 8, 1988, irt O.R. Book 577, page 2341, all of the
Public Records of St. Lucie County, Florida.
AND WHEREAS, Mortgagor has requested the Mortgagee to release the
premises hereinafter described, being part of said mortgaged premises,
from the lien and operation of the Mortgages;
NOW THEREFORE, KNOW YE, that the Mortgagee in consideration of
the premises herein and the sum of Ten Do].lars ($10.00), to it paid by
the Mortgagor, at the time of the execution hereof, the receipt
whereof as hereby acknowledged, does remise, release, quit-claim,
exonerate and discharge from the lien and operation of the Mortgage
unto the Mortgagor, its heirs and assigns, all that piece, parcel or
tract of land being part of the premises conveyed by the Mortgage,
to-wit:
Lot 2, Block 4 of ST. LUCIE WEST COUNTRY CLUB ESTATES, as
shown on Plat Number 2 of St. Lucie West, recorded in Plat
Book 26, Pages 9, 9A through 9G, of the Public Records of
5t. Lucie County, Florida.
TO HAVE AND TO HOLD the same, with the appurtenances, unto the
said Mortgagor, its heirs and assigns forever, freed, exonerated and
discharged of and from the lien of the Mortgage, and every part
thereof; provided always, nevertheless, that nothing herein contained
shall in anywise impair, alter or diminish the effect, lien or
encum6rance of the Mortgage on the remaining part oE said mortgaged
premises not hereby released there~rom, or any of the rights and
remedies of the holder thereof.
IG. IN WITNESS WHEREOF, the Mortgagee has caused these presents to be
executed in its name, and its corporate seal to be hereunto affixed,
' by its proper officer thereunto duly authorized, the 17th day of
i ~Sar ch . 1 g 8 8•
(
Signed, sealecl and delivered FLORIDA NATIONAL BANK,
in the presence of: a natio banking
as oc' " '
. ~
~ / ~ - ~ ;
cl - ~i ~ BY
_ . er, Sr. Vice PresidenC
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BOGK 5~O FAGE ~70~
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