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EXHIBIT "A" <br />The South 10-feet of the South 1/2 of Lots 1 and 2, Block C, <br />OCEANAIRE HEIGHTS, UNIT NO.1, according to the Plat thereof <br />recorded in Plat Book 3, Page 84, Public Records of Indian River <br />County, Florida; and, containing 1,336 square feet; and, subject to <br />existing easements, rights-of-way, restrictions, and reservations of <br />records. <br /> , 6/15/93(wurranty.doc)Ow <br />and 2, Block C, <br />the Plat thereof <br />of Indian River <br />and, subject to <br />reservations of <br />This deed is made and accepted on the conditions set forth as follows: A <br />A. That regardless of any current and future zoning requirements (" <br />and land use regulations which may be promulgated by GRAM., <br />in regard to lot and building sizes, as the same may affect the <br />remaining portion of GRAN70R IS lot, after the conveyance <br />contemplated hereby, GRAN70K shall continue to be possessed of <br />the right. to construct a dwelling unit or other building on said <br />property of approximately 35 -feet by 93.6 -feet in size, <br />. ; provided, however, that said building shall otherwise <br />be in -conformity with existing land use and zoning regulations and <br />ordinances which would otherwise affect the subdivision wherein <br />said lot is situate. <br />B. That this covenant shall be in favor of GRANTOR, together with <br />his heirs and assigns, and it shall run with the land. <br />C. That in the event, for any reason, GRANTOR, his heirs, assigns, 4 -- <br />or any future owner of said property shall not be able to obtain <br />approval to construct such building upon the property, consistent <br />with governmental requirements regarding usage and materials <br />employed in construction, including elevation requirements not <br />associated with the adjoining roadway and easement therefor, <br />GRANTEE, upon demand of the owner of said lot, shall be under a <br />duty to purchase said property. <br />D. That in the event GRANTEE shall purchase the remaining portion — <br />of GRANTOR'S lot, pursuant hereto and to the covenant hereby <br />agreed, or, as an alternative to future eminent <br />domain/condemnation proceedings, the parties agree that <br />regardless of the method by <br />which said remaining portion of said lot is so acquired, the <br />purchase price paid by GRANTEE therefor shall also include the <br />value of the easement conveyed pursuant to this deed, as if the <br />same were yet a contiguous part of the entire lot, but less the <br />amount of $12,000.00d by the GRANTEE to the GRANTOR concurrent <br />With the execution andddelivery by Grantor to Grantee of his attached <br />or fre9o'9 deed for the property described therein, and of which <br />dead this covenant is included, by reference to this Exhibit "B" <br />thereof. <br />