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3120220040206
<br />RECORDED IN THE PUBLIC RECORDS OF
<br />JEFFREY R SMITH. CLERK OF COURT
<br />INDIAN RIVER COUNTY FL
<br />BK. 3551 PG: 806 Page 1 of 4 6/24/2022 9:31 AM
<br />This instrument prepared by/Return to:
<br />Sandra G. Rennick, Attorney at Law
<br />Gould Cooksey Fennell, PLLC
<br />979 Beachland Blvd.
<br />Vero Beach, FL 32963
<br />PARTIAL RELEASE OF MORTGAGE AND SECURITY AGREEMENT
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, Providence Pointe Vero Beach, LLC, a Delaware limited liability company (hereinafter
<br />Mortgagor), by Mortgage and Security Agreement (hereinafter Mortgage) bearing date the 271i day of February, 2019,
<br />and recorded in Official Record Book 3187, Page 1588, public records of Indian River County, Florida, granted and
<br />conveyed unto Hiers Holdings, LLC, a Florida limited liability company, hereinafter referred to as the Mortgagee,
<br />and its assigns, the premises therein particularly described, to secure the payment of the sum of THREE MILLION and
<br />No/ 100 DOLLARS ($3,000,000.00), with interest as therein mentioned; and
<br />AND WHEREAS, the Mortgagor, the owner of the property encumbered by said mortgage, has requested the
<br />said Mortgagee to release the premises hereinafter described, being part of the mortgaged premises, from the lien and
<br />operation of said Mortgage.
<br />NOW, THEREFORE KNOW YE, that the said Mortgagee, in consideration of the premises and of the sum of
<br />Ten Dollars and other valuable consideration, to her in hand paid by or on behalf of, the said present owner at the time of
<br />the execution hereof, the receipt whereof is hereby acknowledged, does remise, release, quit -claim, exonerate and
<br />discharge from the lien and operation of said mortgage, note, collateral assignment and financing statement unto the said
<br />present owner, its heirs and assigns, that certain portion of the premises conveyed by said mortgage, more particularly
<br />described as follows:
<br />A PORTION OF SECTION 20, TOWNSHIP 32 SOUTH, RANGE 39 EAST, ACCORDING TO
<br />THE LAST GENERAL PLAT OF LANDS OF THE INDIAN RIVER FARMS COMPANY
<br />SUBDIVISION, AS RECORDED IN PLAT BOOK 2, PAGE 25, PUBLIC RECORDS OF ST.
<br />LUCIE COUNTY, FLORIDA; SAID LAND NOW LYING AND BEING IN INDIAN RIVER
<br />COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCE AT THE NORTHEAST CORNER OF SECTION 20, TOWNSHIP 32 SOUTH,
<br />RANGE 39 EAST; THENCE RUNS 00°13'24"W (BASIS OF BEARINGS) ALONG THE EAST
<br />LINE OF SAID SECTION 20, A DISTANCE OF 30.00 FEET; THENCE RUNS 89°45'49"W, A
<br />DISTANCE OF 105.00 FEET; THENCE RUNS 45°00'24"E, A DISTANCE OF 56.34 FEET TO A
<br />POINT BEING 65.00 FEET WEST OF THE AFORESAID EAST LINE OF SECTION 20; THENCE
<br />RUNS 00° 13'24"W, A DISTANCE OF 2454.63 FEET ALONG A LINE BEING 65.00 FEET WEST
<br />OF AND PARALLEL WITH THE SAID EAST LINE OF SECTION 20 TO THE POINT OF
<br />BEGINNING; THENCE RUNS 45°04'08'W, A DISTANCE OF 56.81 FEET TO A POINT BEING
<br />90.00 FEET NORTH OF THE QUARTER SECTION LINE OF SAID SECTION 20; THENCE
<br />RUNS 89048'42"W ALONG A LINE 90.00 FEET NORTH OF AND PARALLEL WITH SAID
<br />QUARTER SECTION LINE, A DISTANCE OF 3272.71 FEET TO THE WEST LINE OF TRACT 6,
<br />SECTION 20-32-39; THENCE RUN S 00°09'28"W ALONG SAID WEST LINE OF TRACT 6, A
<br />DISTANCE OF 60.00 FEET TO A POINT BEING 30.00 FEET NORTH OF THE QUARTER
<br />SECTION LINE OF SAID SECTION 20; THENCE LEAVING SAID WEST LINE OF TRACT 6,
<br />RUN N 89048'42"E ALONG A LINE BEING 30.00 FEET NORTH OF AND PARALLEL WITH
<br />THE QUARTER SECTION LINE OF SAID SECTION 20, A DISTANCE OF 1328.20 FEET;
<br />THENCE RUN N 00010'48"E, A DISTANCE OF 50.00 FEET TO A POINT BEING 80.00 FEET
<br />NORTH OF SAID QUARTER SECTION LINE OF SECTION 20; THENCE RUN N 89.48'42"E
<br />ALONG A LINE BEING 80.00 FEET NORTH OF AND PARALLEL WITH SAID QUARTER
<br />SECTION LINE OF SECTION 20, A DISTANCE OF 2591.40 FEET; THENCE RUN N 00'13'24"E,
<br />A DISTANCE OF 50.00 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINING
<br />2.44 ACRES MORE OR LESS.
<br />[0316.0000008/3044679/11
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