HomeMy WebLinkAboutWyman Fields Foundation Partial Release of Mortgage Lot 1, Block 5 Moss CovePrepared by:
City of Winter Springs
Attention: City Manager
1126 East State Road 434
Winter Springs, FL 32708
Parcel No: 03-21-30-520-0500-0010
PARTIAL RELEASE OF MORTGAGE
(First Closing of Month)
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, WYMAN FIELDS FOUNDATION, INC., a Florida non-profit corporation, whose
business address is 207 N. Moss Road, Suite 105, Winter Springs, FL, (hereinafter called Mortgagor), by Mortgage
and Security Agreement bearing date the 10`h day of May, 2000 and First Amendment to Mortgage and Security
Agreement dated the 13`h day of November, 2000 and recorded in the office of the Clerk of the Circuit Court in and
for the County of Seminole, State of Florida, in OR 3852, Page 1837, and OR 3968, Page 578 respectively,
mortgaged unto TAE CITY OF WINTER SPRINGS, FLORIDA, a Florida municipal corporation, whose address
is 1126 E. State Road 434, Winter Springs, FL 32708 and assigns, (hereinafter called Mortgagee), the premises
therein particularly described, to secure the payment of the sum of Nine Hundred Nine Thousand Six Hundred Fifty-
Five and 00/100 Dollars ($909,655.00) with interest as therein mentioned; and
WHEREAS, the said Mortgagor has requested the Mortgagee to release the premises hereinafter described,
being part of said mortgaged premises, from the lien and operation of said Mortgage; and
WHEREAS, the premises hereinafter described is being sold by Mortgagor and is the first sale of the
month of properties encumbered by Peoples First Community Bank's First Mortgage and the City of Winter
Springs' Second Mortgage; and
WHEREAS, as the first sale of the month, the City of Winter Springs has agreed to this Partial Release of
Mortgage, without additional consideration, in accordance with the terms and conditions of that certain letter dated
May 17, 2001 to Mortgagor from John L. Gioiello, Esquire, Attorney for Peoples First Community Bank, First
Mortgage Holder, ("Letter of Agreement"):
NOW THEREFORE; KNOW YE, that the said Mortgagee in consideration of the mutual promises and
conditions set forth in the Letter of Agreement, hereby, does remise, release, quit-claim, exonerate and discharge
from the lien and operation of said mortgage unto the said Mortgagor, its heirs and assigns, all that piece, parcel or
tract of land being a part of the premises conveyed by said mortgage, to-wit:
Lot 1, Block 5, MOSS COVE, Plat Book 59, Page 84
Public Records of Seminole County, FL
(Street Address: 124 Kristi Ann Court)
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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 said mortgage, and every part thereof;
Provided always, nevertheless, that nothing herein contained shall in anyway impair, alter or diminish the effect,
lien or encumbrance of the aforesaid Mortgage on the remaining part of said mortgaged premises not hereby
released therefrom, or any of the rights and remedies of the holder thereof.
IN WITNESS WHEREOF, the said Mortgagee has caused these presents to be executed in its name, and
its corporate seal to be hereunto affixed, by its property officers thereunto duly authorized this 25`h day of May
2001.
Signed, sealed and delivered
in the presence of
Print Name: -S-r l ' I
~~Q~~--~
Print Name:,~'.•+~te.~a 11gG~ nu
STATE OF FLORIDA
COUNTY OF SEMINOLE
THE CITY OF WINTER SPRINGS, FLORIDA,
By: ~~'
Ronald W. McL .ore
City Manager
The foregoing instrument was acknowledged before me this ~ ~ d y of ~^t 2001 by RONALD W.
MCLEMORE, City Manager of the City of Winter Springs, on behalf of the Cit~ He is dpersonally known to me or d who has
produced as identification. f(((
n
cJ ~~
Notary Public ~ ,, ~ i
Print Name: "~~'t~' ~~>~ - ~--~ ~-tfl . ,
(Seal)
My Commission E ,;a,~,r
4.;~i>i`~. ANO~iE,1 LORENZO-LUACES
MY COMMISSION # CC 831831
EXPIRES: May 9, 2003
i-6043i~d07AF,V Fia Notary g~,„ jam, & ~~~ ~.
F:\DOCS\City of Winter Springs\Wyman Fields\Partial Release of MortgageVvfay -First Closing - 124 Kristi Ann Ct.kj
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