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Prepared by and return to: By
Wesley R. Harvin, Esq. i~p. j~ ~:,~~~cy Clark
~ 590 N. W. Peacock Loop
Suite 10
Port St. Lucie, FL 34966
PARTIAL RELF,ASE OF MORTGAGE
Know Al1 Men by These Presents:
WHERLAS. 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,SOO.OOQ.00
and recorded in O.R. 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, Z987, in
O.R. Book 557, Page 960; Addendum to Mortgage dated February 25, 1988,
filed February 25, 1988 in O.R. Book 576, page 1320; Mortgage dated
February 29, 1988. filed March 8, 1988, in O.R. Book 57?, page 2332
and Addendum to Mortgage dated January 26. 1989 filed February 6,
1989, in O.R. Book 622, page 1653; UCC-1 Financing Statement filed
March 8, 1988, in O.R. Book 577, page 2341; Mortgage Modification and
Extension Agreement dated June 30, 1989, filed July 12, 1989, in O.R.
Book 645, page 912; Mortgage dated October 24, 1988, filed October 24,
1988, in O.R. Baok 608, page 1738 and Addendum to Mortgage dated
January 26, 1989, and filed February 6, 1989, in O.R. Book 622, page
16~6; UCC-1 Financing Statement filed October 24, 1988, in O.R. Book
608, page 1749; Modification of Mortgages dated and filed September 29,
1989, in O.R. Book 65~6, page 1874; Mortgage dated and filed September
29, 1989 in O.R. Book 656, page 1849; and UCC-1 Financing Statement
filed September 29, 1989 in O.R. Book 656, page 1870, all of the Public
Records of St. Lucie County, Florida.
AND WHEREAS Mort a or has re uested the Mortgagee to release the ~
, 9 9 q
premises hereinafter described, being part of said mortgaged premises,
~ from the lien and operation of the Mortgages;
:
i NOW THEREFORE, KNOW YE, that the Mortgagee in consideration of
~ the premises herein and the sum of Ten Dollars ($10.00), to it paid
F by the Mortgagor, at the time of the execution hereof, the receipt
whereof is 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 PRESIDENTIAL COVE, St. Lucie West Plat Number 13, according
~ to the plat thereof, recorded in Plat Book 27, Pages 9, 9A
f through 9D, public records of St. 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 encumbrance of the Mortgage on the remaining part of
said mortgaged premises not hereby released therefrom, or any of the
- rights and remedies of the holder thereof.
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