HomeMy WebLinkAbout0268 l020398
FARTIAL RELEASE OF MORTGAGE
AND RELATED DOCUMENTS '
WHEREAS, FLORIDA NATIONAL BANK, a Na~ional Bankinq Association,
(hereinafter referred to as "Mortgagee"), is the owner and holder
of a certain Mortqaqe and Security Agreement (hereinafter referred
to as "Mortgage"), dated July 15, 1988, and recarded July 20, 1988,
in Official Records Book 595, Paqe 1827, Public Records of St.
Lucie County, Florida; and
WHEREAS, the above referenced Mortgage 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.
E NOW, THEREFORE, Mortgagee, in consideration of the premises
~ and the sum of Ten Dollars $10.00 aid b Mort a ar at the time
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~ of execution hereof, the receipt whereof is hereby acknowledged,
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~ does remise, release, quitclaim, exonerate and discharge from the
i lien and operation of the Mortgaqe, the land and improvements to
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j the extent that it is part of the property encumbered by the
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~ Mortgage described as:
~ UNIT 5, LANCEWOOD VILLAGE, HARBOUR RIDGE PLAT NO. 9, according
; to the Plat thereof on file in the Office of the Clerk of the
~ Circuit Court in and for St. Lucie County, Florida, recorded
in Plat Book 27, Pages 1 through 1D.
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~ TO HAVE AND TO HOLD the same, with the appurtenances, to the
~ Mortgagor freed, exonerated and discharged of and from the lien of
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the Mortgage, and every part thereof to the extent that it is a
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, part of the property encumbered by the Mortgage, provided, that
~ nothing herein contained shall in anywise impair, alter or diminish
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; 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
Mortgage~'s security intere~t in the properties described in those
x
certain Financing Statements recorded in Officiai Records Book 595,
BOOK 674 PAGE 2~0
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