HomeMy WebLinkAboutWyman Fields Foundation Partial Release of Mortgage Lot 2 Block 1 Moss Covea
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CITY OF WINTER SPRINGS, FLORIDA
1126 EAST STATE ROAD 434
WINTER SPRINGS, FLORIDA 32708-2799
PARTIAL RELEA~~h~~~~~2~~AGE
(First Closing of Month)
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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 l0a' day of May; 2000 and First Amendment to Mortgage and Security
Agreement dated the 13"' 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 THE 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 2, Block 1, MOSS COVE,
Plat Book 58, page 84
Street Address: 105 Kristi Ann Court
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,
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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 >d Mortgagee has caused these presents to be executed in its name, and its
corporate seal to be hereunto a~ed, by its property officers thereunto duly authorized this day of
2002.
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Signed, sealed and delivered
in the presence of.•
Print Name: A t1 i cL 4 t
Print Name: Ronald W. McLemore
STATE OF FLORIDA
COUNTY OF SEMINOLE
THE CITY OF WINTER SPRINGS, FLORIDA,
By:
Ronald W. McLe e
City Manager
The foregoing instrument was acknowledged before me this °~~ day of ~1c7 Q`~-- 2002 b RONALD W.
MCLEMORE, City Manager of the City of Winter Springs, on behalf o~the City. He is perso y known to or who has
produced '- as identification. f ~
ANDREA LORENZO-LUACES
(Beall MY COMMISSION M CC 831631
r:xplses: May e, 2003
1.appg.NpTARY Fla Notary Service 6 BorxYrp Co.
Notazy Yubl
Print Name: '~~~ ~ - ~x~
My Commission Expires: ~b mil' c7~
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