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*. (v''� ✓ DOCUMENTARY STAMPS $ 3(O. G a FfI ..�I;�; vI.HIFIFB
<br />Q�v, °� JEFFREY K. BARTON, CLERK JI"FHiEY K. �•�IIIGA)
<br />INDIAN RIVER COUNTY 1 ERIC C'RCU -f COURT
<br />INDIAN RIVER CO., FLA
<br />SPECIAL NARRI�tamv noon
<br />THI B-PECIAL WARRANTY DEED made as of the �/ �' day of
<br />��= C , 1991, by GHA GRAND HARBOR, LTD., a Florida limited
<br />partnersip, hereinafter called the Grantor, to INDIAN RIVER COUNTY,
<br />a political subdivision of the State of Florida, hereinafter called
<br />the Grantee:
<br />Whose post office address is 1840 25th Street
<br />Vero Beach, Florida 32960
<br />(Wherever used herein the terms "grantor" and "grantee" include all
<br />the parties to this instrument and the heirs, legal representative
<br />and assigns of individuals, and the successors and assigns of
<br />corporations)
<br />W I T N E S S E T H•
<br />That the grantor, for and in consideration of the sum of Ten
<br />and No/100 ($10.00) Dollars, and other good and valuable consider-
<br />ations, receipt whereof is hereby acknowledged, hereby grants,
<br />bargains, sells, aliens, remises, releases, conveys and confirms
<br />unto grantee all that certain land situate in Indian River County,
<br />Florida, viz:
<br />A parcel of land lying in Section 23, Township 32 South,
<br />Range 39 East, Indian River County, Florida, being more
<br />Particularly described as follows:
<br />Commence at the Southeast corner of Section 23, Township
<br />32 South, Range 39 East, run S 89057102" W along the
<br />South property line of aforesaid Section 23, for a
<br />distance of 1111.51 feet to the point of beginning;
<br />thence continue S 89°57102" W along the South line of
<br />aforesaid Section 23, for a distance of 220.46 feet to
<br />a point, thence run N 00001103" E for a distance of
<br />438.38 feet to a point, thence run S 26°41137" E for a
<br />distance of 490.47 feet to the point of beginning.
<br />Together, with all the hereditaments and appurtenances thereto
<br />belonging or in anywise appertaining.
<br />To have and to hold, the same in fee simple forever, subject
<br />to land use regulations and restrictions imposed by governmental
<br />authorities; matters which would be disclosed by a current and
<br />accurate survey and inspection of the Premises; and to the follow-
<br />ing restrictive covenant which shall run with the Premises and
<br />shall be enforceable against Grantee, its successors and assigns
<br />by the Grantor, its successors and assigns: Grantee, its succes-
<br />sors or assigns or a subsequent purchaser of the Premises (collec-
<br />on
<br />tively, "Owner") must commence construction of a fire/EMS stati
<br />on the Premises (the "Fire/EMS Station"), not later than three (3)
<br />years from the date of this deed. "Commencement of construction"
<br />shall mean the issuance of a building permit and the pouring of the
<br />(� building slab for the Fire/EMS Station. In the event the Owner
<br />M fails to comply with the foregoing requirement, such Owner, upon
<br />receipt of payment no later than the date which is three(3)
<br />ears
<br />� Y: and three (3) months from the date of this deed from or n behalf
<br />ox
<br />uI
<br />of Grantor, its successor or assignee in the amount of $60,000.00,
<br />N a o shall convey to Grantor, its successor or assignee good and
<br />Z w marketable title to the Premises by special warranty deed and
<br />) y provide Grantor, its successors or assignee with a title insurance
<br />i110 0 policy reflecting good and marketable title to the Premises no
<br />o later than thirty (30) days after receipt of such payment. This
<br />7 restrictive covenant shall terminate upon the earlier to occur of
<br />either: (1) the commencement of construction of the Fire/EMS
<br />Station on the Premises, or (2) the date which is three (3) years
<br />and three (3) months from the date of this deed.
<br />Grantor does hereby covenant with said Grantee that the
<br />Grantor is lawfully seized of said land in fee simple; that the
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