|
i
<br /> LU V
<br /> ASSIGNMENT AND AMENDMENT OF OPTION
<br /> This ASSIGNMENT AND AMENDMENT OF OPTION (the "Assignment") is ma ie this
<br /> day of " , , 2005 , (the "effective date") by and between INDIAN RIVER
<br /> COUNTY, FLORIDA, a political subdivision of the State of Florida, whose address is c/o
<br /> Department of Community Development, 1840 25 `" Street, Vero Beach, Florida, 3260
<br /> (hereinafter referred to as "Assignee" or the "County") , JCL Investment Group, Inc . a Florida
<br /> corporation, whose address is 6649 Forest Hill Blvd . , West Palm Beach, FL 33413 (hereinafter referred
<br /> to as "Assignor" or "JCL"), and the Leona Diamond Trust, and Leona Diamond, individually,
<br /> whose address is 4301 N . Ocean Blvd. # 1001A, Boca Raton, Florida, 33431 (hereinafter
<br /> collectively referred to as "Seller" or "Diamond") .
<br /> WITNESSETH :
<br /> WHEREAS , real property owned by Diamond (the "Property") and located in Indian River
<br /> County, Florida, is currently under option for sale and purchase, between Diamond as seller),
<br /> and JCL (as buyer) pursuant to that certain agreement showing a date of signature b Seller of
<br /> May 6 , 2005 , a copy of which agreement is attached and made a part of this Assi ent, and is
<br /> referred to herein as the Option Agreement. The Property is also described as Indian River
<br /> County tax parcel numbers :
<br /> 29-33 -40-00000-0010-00001 ,2
<br /> 29-33 -40-00000-0010-0000160
<br /> 30-3340-00000- 1000-00001 . 0, and
<br /> 30-3340-000004000-00004 . 0 ; and,
<br /> WHEREAS, JCL and the County have agreed on a sale and purchase of the propert to the
<br /> County, through an assignment of the option agreement, and subsequent closing; an ,
<br /> WHEREAS, in order to effectuate the purchase and sale between JCL and the County it is
<br /> necessary to amend the Option Agreement, as assigned, to provide for closing prior to the time
<br /> set forth in the Option Agreement, and to provide for certain requirements needed by the County
<br /> to close under state law and County procedures ; and,
<br /> WHEREAS, JCL, the County and Diamond have agreed to the purchase and sale of the Property
<br /> to the County, assignment of the Option Agreement, and amendment of the Option Agreement,
<br /> all in accordance with this Assignment;
<br /> NOW, THEREFORE , in consideration of the sum of Ten Dollars ($ 10 . 00) and other, good and
<br /> valuable consideration, the receipt and sufficiency of which is hereby acknowledged" JCL, the
<br /> County and Diamond hereby agree as follows :
<br /> 1 . Assignment and Amendment of Option Agreement. JCL does hereby grant, nargain, sell,
<br /> assign, transfer and set over unto the County, JCL ' s rights, title and interest in and to the Option
<br />
|