HomeMy WebLinkAbout0260 . .
1020394
PARTIAL RELEASE OF MORTGAGE
AND RELATED DOCUMENTS
WHEREAS, BARNETT BANK OF MARTIN COUNTY, N.A., {hereinafter
referred to as "Mortgagee"), is the owner and holder of a certain
Mortgaqe and Security Agreement (hereinafter referred to as
"Mortgage"), dated March 21, 1989, recorded in Official Records
Hook 629, Page 991, Public Records of St. Lucie County, Florida;
and
WHEREAS, the above referenced Mortgag~ was executed by Harbour
Ridge, Ltd., a Florida Limited Partnership, as Mortgagor,
(hereinafter referred to as "Mortgagor"); and
WHEREAS, Mortgagor has requested Mortgagee to release the
premises hereinafter described, being a part of the mortgaged
premises, from the lien and operation of the Mortgage.
NOW, TNEREFORE, Mortgagee, in consideration of the premises
and the sum of Ten Dollars ($10.00~ paid by Mortgagor at the time
of execution hereof, tbe receipt whereof is hereby acknowledged,
does remise, release, quitclaim, exonerate and discharge from the
lien and operation of the Mortgage, the land and improvements to
the extent that it is part of the property encumbered by the
Mortgages described as:
UNIT 1-5, (the "Unit") of RIVERSZDE VILLAGE, A CONDOMINIUM,
(the "Condominium") according to the DECLARATION OF CONDOMINIUM
thereof dated March 3, 1988, and recorded on March 3, 1988, in
~ Official Records Book 577, Page 1194, Public Records of St.
Lucie County, Florida, (the "Declaration of Condominium"),
tagether with the undi~~ided share of the COI~II~ION ELEMENTS of the
Condominium declared in the Declaration of Condominium to be
appurtenant thereto; together with all appurtenances thereto,
including, without limitation, the right of exclusive use of
those areas, spaces or portions of COMMON ELEMENTS of the
Condominium, declared in the Declaration of Condominium to be
LZMITED COMMON ELEMENTS of the Unit (the "Property").
TO HAVE AND TO HOLD the same, with the appurtenances, to the
Mortgagor freed, exonerated and discharged of and from the lien af
the Mortqage, and every part thereof to the extent that it is a
~ part of the property encumbered by the Mortqage, provided, that
~ nothing herein contained shall in anywise impair, alter or diminish
~ the effect, lien or encumbrance of the Mortgage on the remaining
~ part of the property encumbered by such Mortgage, not hereby
~ released therefrom, or any of the rights and remedies of the holder
; hereof .
~
` This instrument shall also operate as a partial release of
Mortgagee's security interest in the property described in that
certain Financing Statement r~:corded in ~fficial Records Book 629,
Page 1008, Public Records of St. Lucie County, Florida, to the
extent that the property described in the Financing Statement is
part of the property hereby released. This instrument shall also
operate as a partial release, as to the property released hereby,
from the terms and provisions of that certain Collateral Assignment
of Rents and Leases recorded in Official Records Book 629~ Page
1001, and from the terms and provisions of that certain Cross
Default Agreement recorded in Official Records Book 629, Page 1006,
all Public Records of St. Lucie County, Florida, to the extent that
the property described therein is part of the property hereby
released.
IN WITNESS WHEREOF, Mortgagee has caused these presents to be
executed in its name and its seal to be affixed by its proper
8~~~ 674 PAGE 260
'~b:~e:~` r ~r. ~ s7""Kix;~t ~,~.'fr~~ ..t' ~ SF ..~.s'te~.'~~~"~-_
~ ~-,~'u~~~"•~~~ ~ :v-:>~~'~..a~-3~'n'"~ ° .m