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LEASE AGREEMENT <br /> This lease entered into on thisc---> 412day ofi 019 by the BOARD OF <br /> COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, a political <br /> subdivision of the State of Florida, hereinafter called the "Landlord", and Paul Edward <br /> Thompson and Rennie Sue Thompson, hereinafter called the "Tenant", in <br /> consideration of the mutual promises and agreements set forth below, hereby agree as <br /> follows: <br /> WITNESSETH : <br /> 1. PROPERTY AND TERM. The Landlord hereby leases to the Tenant the <br /> property located at 7125 66th Avenue, Vero Beach, in the County of Indian River, <br /> Florida, more particularly described as follows: <br /> See Exhibit"A" attached hereto. <br /> For a term of 12 months commencing from the date of closing, terminating one year <br /> hence, for a total rental of Twelve Dollars ($12.00) payable at the rate of $1.00 per <br /> month payable in advance. The lease is being granted in order to provide time for the <br /> Tenants to construct a new home on the remainder property. <br /> 1.1 Extension of Lease. If the Tenants new home has not received its <br /> certificate of occupancy during the one-year lease term, the lease may <br /> be extended an additional 30 days. <br /> 1.2 Termination of Lease. Tenant may opt out of this lease anytime during <br /> the lease period by providing written notice to Landlord as such. <br /> 2. USE OF PREMISES. During the term of this Lease, the Tenant shall use the <br /> leased premises for a private, single family residence, and for no other purpose. <br /> Tenant shall not use the premises, or any part thereof, or permit the same to be used <br /> for any illegal, immoral, or improper purposes; not to make, or permit to be made, any <br /> disturbance, noise, or annoyance whatsoever detrimental to the premises or the <br /> comfort and peace of the inhabitants of the vicinity of the premises. <br /> 3. PROPERTY LEASED "AS IS". Tenant agrees that the property is being leased <br /> "as is" and that Landlord makes no warranty or guarantee of the condition of the <br /> property or any of the improvements. Tenant has examined the premises and has <br /> determined that the premises are suitable for Tenant's purposes. <br /> 4. COMPLIANCE OF LAW. Tenant shall comply with all of the laws, rules, <br /> ordinances, and regulations of the County, State and Federal Governments, and <br /> agencies regarding the use of the leased premises. Violation of any law, rule, <br /> ordinance or regulation may result in immediate termination of this lease. <br /> 1 <br />