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1020395
PARTIAL RELEASE OF MORTGAGE ;
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AND RELATED DOCUMENTS ~
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WHEREAS, BARNETT BANK OF MARTIN COUNTY, N.A., (hereinafter
referred to as "Mortgagee"), is the owner and holder of a certain ;
Mortgage and Security Agreement (hereinafter referred to as
"Mortgage"), dated March 21, 1989, recorded in Official Records '
Book 629, Page 991, Public Records of St. Lucie County, Florida;
and
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WHEREAS, the above referenced Mortgage was executed by Harbour
Ridge, Ltd., a Florida Limited Partnership, as Mortgagor, ~
(hereinafter referred to as "Mortgagor"); and l
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, THEREFORE, Mortgagee, in consideration of the premises ~i
and the sum of Ten Dollars ($10.00) paid by Mortgagor at the time ;
of execution hereof, the receipt whereof is hereby acknowledged,
does remise, release, quitclaim, exonerate and discharge from the
lien and operation of the Mortgage, the land an3 improvements to
the extent that it is part of the property encumbered by the '
Martgages described as: '
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; UNIT 1-2, (the °Unit") of RIVERSIDE VILLAGE, A CONDOMINIIJM,
' (the "Condominium") according to the DECLARATION OF CONDOMINIUM
I thereof dated March 3, 1988, and recorded on March 3, 1988, in
j Official Records Book 577, Page 1194, Public Records of St.
Lucie County, Florida, (the "Declaration of Condominium"), !
together with the ur.divi3ed share of the COI~IKON ELEMENTS of the
Condominium declared in the Declaration of Condominium to be "
~ appurtenant thereto; together with all appurtenances thereto, ~
i including, without limitation, the riqht of exclusive use of
~ those areas, spaces or portions of COIrIIrION ELEMENTS of the
~ Condominium, declared in the Declaration of Condominium to be
~ LIMZTED COMMON ELEMENTS of the Unit (the "Property").
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TO HAVE AND TO HOLD the same, with the appurtenance~, to the
Mortgagor freed, exonerated and discharged o€ and from the lien of
; the Mortgage, and every part thereof to the extent that it is a
; part of the property encumbered by the Mortgage, provided, that
~ nothing herein contained shall in anywise impair, alter or diminish
~ the effect, lien or encumbrance of the Mortqage on the remaining
j part of the property encumbered by such Mortgage, not hereby
; released therefrom, or any of the rights and remedies of the holder
s hereof.
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~ This instrument shall also operate as a partial release of
~ Mortgagee's security interest in the property described in that
~ certain Financing Statement recorded in Official Records Book 629,
~ Page 1008, Public Records of St. Lucie County, Florida, to the ;
extent that the property described in the Financinq 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 12ecords of St. Lucie County, Florida, to the extent that
the property described therein is part of the property hereby
released.
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~ IN WITNESS WHEREOF, Mortgagee has caused these presents to be i
executed in its name and its seal to be affixed by its proper ,
~~~K674 P~~E 262
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