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PARTIAL RELEASE OF MOR`:GA~ , ~ ~ ~
AND RELATED DOCUMENTS L;;;~;.y c,1~:ric
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WHEREAS, FLARIDA NATIONAL BANK, a National Banking Association,
(hereinafter referred to as "Mortgaqee"), is the owner and holder ~
of a certain Mortqaqe and Security Agreement (h~reinafter referred
to as "Mortgage"), dated July 15, 1988, and recorded July 20, 1988,
in Official Records Book 595, Page 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.
NOW, THEREFORE, Mortgagee, in consideration of the premises
and the sum of Ten Dollars ($10.04) paid by Mortgagor at the time
of ex~cution hereof, the receipt whereof is hereby acknowledged,
does remise, release, quitclaim, exonerate and discharge from th~
lien and operation of the Mortgage, the ?and and improve~nents to
; the extent that it is part of the property encumbered by the
(
~ Mortgage described as:
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° UNIT 17, FAIRWAY VILLAGE, HARBOUR RID~GE PLAT NO. 10, 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 2b, Pages 21 to 2I A.
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~ TO HAVE AND TO HOLD the same, with the appurtenances, to the
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t 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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t part of the property encumbered by the Mortgage, provided, that
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F nothing h~rein contained shall in anywisP impair, alter or diminish
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~ the effect, lien or encumbrance of the Mortgage on the remaining
part of the property encumhered by such Mortgage, not hereby
releas~d therefrom, or any of the rights and remedies of the holder
hereof.
4 This instrument shall also operate as a partial release of
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~ Mortgaqee's security interest in the properties described in those
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90~K 67~ r
AGF ~U
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