HomeMy WebLinkAboutWyman Fields Foundation Partial Release of Mortgage Lot 2, Block 8 Moss CovePrepared by:
City of Winter Springs
Attention: City Manager
1126 East State Road 434
Winter Springs, FL 32708
PARTIAL RELEASE OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
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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 10th day
of May, 2000 and First Amendment to Mortgage and Security Agreement dated the 13th 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 City of Winter Springs has agreed to this Partial Release of Mortgage,
in consideration of the payment set forth below:
NOW THEREFORE; KNOW YE, that the said Mortgagee in consideration of the
mutual promises and conditions set forth in the Letter of Agreement, and in consideration of
receipt of the sum of Ten Thousand and 00/100 Dollars ($10,000.00), 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 8, MOSS COVE, Plat Book 58, Page 84,
Public Records of Seminole County, Florida
(Street Address: 102 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 ~ ° day of ~~~ 2003.
Signed, sealed and delivered
in the presence of
THE CITY OF WINTER SPRINGS, FLORIDA
Print Name: La~~ ~ , ~~~ ~.,,_~
Print Name: ~~ ~~-e ~c /~. Berl y By:
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Ronald W. McLemore
City Manager
STATE OF FLORIDA
COUNTY OF SEMINOLE
The foregoing instrument was acknowledged before me this ~~ day of ~I ~ 2003
by RONALD W/ MCLEMORE, City Manager of the City of Winter Springs, o behalf of the
City. He is B'personally known to me or ^ who has produced as
identification.
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