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PARTIAL RELEASE OF MORTGAGES
AND RELATED DOCUMENTS
WNEREAS, HARBOR FEDERAL SAVINGS AND LOAN ASSOCIATION
(hereinafter referred to as "Mortgaqee"), is the owner and holder
of certain Mortqages and Security Agreements (hereinafter referred
to as "Mortgages"), dated April 22, 1983, recorded in Official
Records Book 399, Page 1330, Public Records of St. Lucie County,
Florida; dated April 20, 1984, recorded in Official Records Books
429, Page 2845, Public Records of St. Lucie County, Florida; and
dated May 7, 1985, recorded in Official Records Book 463, Page
2653, Public Records of St. Lucie County, Florida; and
WHEREAS, the above referenced Martgages were executed by
Harbour Ridge, Ltd., a Florida Limited Partnership, as Mortqagor,
(hereinafter referred to as "Mortgagor"); and
WHEREAS, Mortgagor has requested Mortgagee to release the
premises hereinafter described, being a part of the mortgaged
premises, f~om the lien and operation of the Mortgages.
NOW, THEREFORE~ Mortgagee, in consideration of the premises
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 Mortgages, the land and improvements to
the extent that it is part of the property encumbered by the
Mortgages described as:
UNIT 2-8, (the "Unit"j of POND APPLE VILLAGE, A CONDOMINIUM,
(the "Condominium") according to the DECLARATION OF
CONDOMINIUM thereof dated October 21, 1988, and recorded on
October 24, 1988, in Official Records Book 608, Page 1050,
Public Records of St. Lucie County, Florida, (the "Declaration
of Condominium"), as amended, together with the undivided share
~ of the COMMON 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 CONIIriON ELEMENTS of the Condominiu.m, declared in the
` Declaration of Condominium to be LIMITED 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 of
E the Mortgages, and every part thereof to the extent that it is a
~ part of the property encumbered by the Mortgages, provided, that
~ nothing herein contained shall in anywise impair, alter or diminish
€ the effect, lien or encumbrance of the Mortgages on the remaining
~ part of the property encumbered by such Mortgages, 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 those
~ certain Financing Statements recorded in Official Records Book 399,
~ Page 1338, and Amendment thereto recorded in Official Records Book
" 595, Page 1817, Official Records Book 429, Page 2861, and Amendment
thereto recarded in Official Records Book 599, Page 1822, and
Official Records Book 463, Page 2668, and Amendments thereto
recorded in Official Records Book 566, Page 1827, and Official
Records Book 595, Page 1811, all Public Records of St. Lucie
County, Florida, to the extent that the property described in the
Financing Statements 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 those
certain Collateral ~?ssignments of Leases, Rents and Profits
y recorded in Officia2 Records Book 429, Page 2855, and Official
Recards Book 463, Page 26b3, and from the terms and provisions of
4 R~74 FAGE 4 1~
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