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EAHIMIT <br />"B" <br />PERMITTED <br />EXCEPTIONS <br />1. All applicable law, ordinance, zoning, and governmental regulations. <br />2. Taxes for the current year, which are not yet due and payable, and subsequent years. <br />3. Easements, restrictions, covenants and conditions as set forth in the Plat, if any. <br />4. All easements of record. <br />5. Any easements in favor of Seller, utilities, or the public necessary over existing and <br />future utility or drainage facilities. <br />6. Restrictions related to the Runway Protection Zone (RPZ) affecting the Property <br />related to the Vero Beach Regional Airport pursuant to applicable City of Vero <br />Beach Land Development Regulations and Florida Statutes. <br />7. Deed restrictions providing that the Property may only be developed or used for <br />commercial uses such as restaurants, markets, professional offices, and hotels, <br />with no residential development being permitted. The exact language of such <br />restrictions to be agreed to by the Seller and Buyer prior to Closing. <br />48 <br />