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INDIAN RIVER BOULEVARD - PHASE III PARCEL NO. 103 RIGHT-OF-WAY That part of the NE4 of the SE4 of Section 36, Township 32 South, Range 39 East, described as follows: Commence at the NE corner of the said SE4 and run S89°56124"W along the North line of the said SEJ a distance of 922.75 feet to a point of POINT OF BEGINNING. Then run Southeasterly along a non -tangent curve concave to the East, having a radius of 1809.86 feet, with a chord bearing S10037134"E, through a central angle of 0304713911, an arc distance of 119.85 feet to a point. Then run Radially, N7702813711E 40.00 feet to a point on the arc of a 1769.86 -foot radius curve concave to the East, having a chord bearing S15°38'13"E. Then run Southeasterly, along the curve through a central angle of 06°13'41", an arc distance of 192.38 feet to a point. Then run S18045104"E 581.06 feet to a point. Then, continue S1804510411E 198.37 feet to a point in the North right-of-way line of the Main Canal. Then run Along the said North line S8905711511W 63.79 feet to a point lying 683.30 feet East of the East line of Country Club Pointe. Then run N0010012511E, parallel with the East line of Country Club Pointe, 135.17 feet to a point. Then run N24023'22"W 240.15 feet to a point. Then run N1804014411W 529.23 feet to a point. Then run Along a curve to the right with a radius of 813.47 feet and a chord bearing N1201710611W, through a central angle of 1204711611, an arc distance of 181.56 feet to a point in the North line of the said SEJ. Then run N8905612411E along the line, 7.45 feet to the POINT OF BEGINNING. Contains 37,787.29 square feet or 0.87 acres. Lying in Indian River County, Florida. Together with all right, title, interest, claim or demand, if any, in and to any adjacent public or private road or alleyway, and drainage rights-of-way, or vacated rights-of-way, and any littoral or riparian rights. EXHIBIT ONE