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HomeMy WebLinkAboutPartial Satisfaction of Mortgage PARTIAL SATISFACTION OF MORTGAGE FOR VALUE RECEIVED, the undersigned hereby RELEASES from the lien of a certain Real Estate Construction Mortgage, Security Agreement And Fixture Filling executed by PEDCOR OFFICE, LLC, an Indiana limited liability company to NATIONAL CITY BANK OF INDIANA, a national banking association,dated the 3rd day of September, 2004 calling for the principal amount of$3,008,000.00,and recorded the 9th day of September,2004 as Instrument No. 2004-00063483,in the Office of the Recorder of Hamilton County,Indiana the following described piece of land,which is included in said mortgage,viz: See Exhibit"A"attached hereto. IT BEING EXPRESSLY UNDERSTOOD AND AGREED by and between the parties hereto that this release is in no way to operate to discharge the lien of said mortgage from any other of the premises described therein, but is only to release therefrom the portion thereof particularly described, and none other; and that the remaining unreleased portions of the premises in said mortgage described are to remain as security for payment of the indebtedness secured to be paid thereby, and for full performance of all the covenants and obligations in said mortgage and the Note therein mentioned, together with all conditions therein. WITNESS my hand this,r:1 day of December,2004 ATIONAL CITY BANK OF INDIANA (In J.Thullen,Senior Vice President STATE OF INDIANA,Marion County,ss: Before me, the undersigned, a Notary Public in and for said County and State, personally appeared John J. Thullen, Senior Vice President of National City Bank of Indiana,a national banking association and acknowledged the execution of the foregoing Partial Release Of Real Estate Construction Mortgage, Security Agreement And Fixture Filing for and on behalf of said bank and stated that the representations therein contained are true. WITNESS my hand and Notarial Seal this..3rd day of December,2004 CZ- - 9-A--(-- I j Diana S.Priest Notary Public My County Of Residence: Hendricks My Commission Expires: 02/13/2008 This Document Prepared By: Diana Priest;Corporate Banking Officer, NATIONAL CITY BANK OF INDIANA Exhibit A Part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton County, Indiana, more particularly described as follows: Commencing at the Northeast corner of said quarter section; thence South 89 degrees 12 minutes 13 seconds West(assumed bearing) along the North line of said quarter section 1,177.71 feet; thence South 00 degrees 12 minutes 13 seconds West 26.53 feet; thence South 00 degrees 46 minutes 33 seconds East 554.73 feet; thence South 89 degrees 48 minutes 03 seconds West 60.05 feet to the western right- of-way line of Third Avenue; thence North 00 degrees 46 minutes 33 seconds West along said western right-of-way line 162.24 feet; thence South 89 degrees 58 minutes 22 seconds West 404.83 feet to the Point of Beginning of this description; thence South 89 degrees 58 minutes 22 seconds West 82.00 feet; thence North 00 degrees 01 minute 38 seconds West 153.88 feet to the southerly right-of-way line of 126th Street; thence North 89 degrees 45 minutes 36 seconds East along said southerly right-of-way line 82.00 feet; thence South 00 degrees 01 minute 38 seconds East 154.18 feet to the Point of Beginning and containing 0.290 acres, more or less. • PARTIAL RELEASE OF MORTGAGE LIEN Cross Reference: Original Second Mortgage, Instrument# 200400021080 First Amendment to Second Mortgage, Instrument# 200400067445 For value received, Pedcor Bancorp ("Bancorp") hereby releases from the lien of the Second Real Estate Mortgage, Loan Agreement, and Assignment of Rents and Leases dated Rrs tu.,A.p.q II,,2otacp , and recorded in the Office of the Recorder of Hamilton County, Indiana on Pt-P rk u. 'R , a°o i , as Instrument No. Zbo'0002-)o Sr) , as amended by the First Amendment to Second Real Estate Mortgage, Loan Agreement, and Assignment of Rents and Leases dated August 31, 2004 and recorded in the Office of the Recorder of Hamilton County, Indiana on September 28, 2004, as instrument number 200400067445 (hereinafter collectively referred to as the "Mortgage"), only that portion of real property described in Exhibit A attached hereto and incorporated herein by reference. The Mortgage is, and shall remain, in full force and effect as to all other real property not described in Exhibit A. IN WITNESS WHEREOF, Bancorp has caused this Partial Release of Mortgage Lien to be executed this '344' day of beta-vvvia -r , 2004. PEDOR BANCORP_� - --: r By: -7 _� Printed:� `- - �' � 'tit1�1 V- )true v Title: `�t(.�" 5,4 :---- STATE OF INDIANA ) ) SS: COUNTY OF Wc, „ ) Before me, a Notary Public in and for said county, and state, personally appeared , known to me to be the N R_,,a. d,a,,,,N of Pedcor Bancorp and having been duly sworn, acknowledged the execution of the foregoing Partial Release of Mortgage Lien for and on behalf of said Bancorp. Witness my hand and Notarial Seal this 1 day//of -� lam -,,, 2004. �J L -�. Notary Public Shy. .. Z. 2._Qt.-i.,� Notary Public - Printed My Commission Expires: My County of Residence: A1gi;; SHERRI J.LECHNER , ;gr.. = Hamilton County "TT:. :e-' My Commission Expires .'" 4:'' October 17,2007 This instrument was prepared by Eric J. Neidlinger, Attorney-at-Law, 770 3"' Ave. SW, Carmel, Indiana 46032. EXHIBIT A Part of the Northeast Quarter of Section 36, Township 18 North, Range 3 East, in Hamilton County, Indiana, more particularly described as follows: Commencing at the Northeast corner of said quarter section; thence South 89 degrees 12 minutes 13 seconds West (assumed bearing) along the North line of said quarter section 1,177.71 feet; thence South 00 degrees 12 minutes 13 seconds West 26.53 feet; thence South 00 degrees 46 minutes 33 seconds East 554.73 feet; thence South 89 degrees 48 minutes 03 seconds West 60.05 feet to the western right-of-way line of Third Avenue; thence North 00 degrees 46 minutes 33 seconds West along said western right-of-way line 162.24 feet; thence South 89 degrees 58 minutes 22 seconds West 404.83 feet to the Point of Beginning of this description; thence South 89 degrees 58 minutes 22 seconds West 82.00 feet; thence North 00 degrees 01 minute 38 seconds West 153.88 feet to the southerly right-of-way line of 126th Street; thence North 89 degrees 45 minutes 36 seconds East along said southerly right-of-way line 82.00 feet; thence South 00 degrees 01 minute 38 seconds East 154.18 feet to the Point of Beginning and containing 0.290 acres, more or less.