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Harbor <br />t...a .JI l►r� <br />MAIN OFFICE: 100 SOUTH 249 <br />Federal FORT PIERCE, FLORIDA 33454 SECOND STREET TELEPHONE: ( 005) 601 2414 <br />CASH DEPOSIT AND ESCROW AGREEMENT <br />DEVELOPER - CORPORATE INVESTMENT COMPANY <br />BANK - HARBOR FEDERAL SAVINGS AND LOAN ASSOCIATION <br />COUNTY - INDIAN RIVER <br />THIS AGREEMENT is entered into this o? / day of f., , <br />1984, by and between CORPORATE INVESTMENT COMPANY, a Florida corporation, author- <br />ized to do business in the State of Florida (Developer), HARBOR FEDERAL SAVINGS <br />AND LOAN ASSOCIATION authorized to do business in the State of Florida (Bank), <br />and INDIAN RIVER COUNTY, a political subdivision in the State of Florida (County): <br />WITNESSETH: <br />WHEREAS, Developer is effecting a subdivision of certain property with- <br />in Indian River County and is required to provide surety supporting a contract <br />with the County for the construction of certain required improvements related <br />thereto; <br />NOW, THEREFORE, in consideration of the agreements, promises, and <br />covenants set forth herein, and other good and valuable considerations, the <br />parties hereto agree as follows; <br />1. The Developer has deposited in Bank the Sum of FIVE HUNDRED THREE <br />THOUSAND ONE HUNDRED NINETY-ONE DOLLARS AND 24/100 --Y-------- ($503,191.24--), <br />the receipt whereof is hereby acknowledged, which sum shall be held in escrow <br />by Bank., subject to the terms, conditions and covenants of this escrow agree- <br />ment as assurance that Developer shall perform in all respects the obligations <br />HARBOR FEDERAL SAVINGS & LOAN ASSOCIATION, FORT PIERCE, FLORIDA <br />105 sooK 56 Pw 83 <br />LIAR 71984 <br />