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j 11/17/86(J3)LEMnm) LEASE This lease, entered into this 25th day of November 1986, by and between Indian River County, a political subdivision of the State of Florida, whose mailing address is 1840 25th Street, Vero Beach, Florida 32960, hereinafter referred to as "Lessor" and the Wabasso J Progressive Civic League, Inc., a corporation not for profit, organized under the laws of the State of Florida, whose mailing address is P. O. Box 786, Wabasso, Florida 32970, hereinafter referred to as "Lessee": W I T N E S S E T H 1 In consideration of the sum of One Dollar ($1.00) per year and in consideration of the public benefit and welfare which is enhanced by virtue of the Wabasso Progressive Civic League's presence on the property, Lessor does hereby lease unto Lessee the following described premises, to wit: The North 50.00 feet of the South 112.50 feet of the West 54.5 feet of the East 62.00 feet of the following described property: From the Northeast corner of the Northwest Quarter of the Northwest Quarter run South 210 feet; thence West 210 feet to the Point of Beginning; thence West, 231 feet; thence South, 780 feet; thence East 441 feet; thence North 360 feet; thence West 210 feet; thence North 420 feet to the Point of Beginning. Less the East 30 feet for road right-of-way. All of the above lying in Section 32, Township 31 South, Range 39 East, Indian River County, Florida, commonly known as The Douglas School Cafeteria. To have and to hold unto the Lessee for a term of twenty (20) years commencing on the date set forth above, for the purpose of establishing an assembly hall, and subject to the limitations and conditions as hereinafter set forth. This lease shall terminate automatically if the Lessee is dissolved and shall terminate upon sixty (60) .: 6 1 BOOK 0 f'�GE