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A/ <br />40 <br />e <br />If the DEVELOPER fails to develop/purchase this property fur any reason within one year from the <br />date of execution of the Agreement, the Agreement shall become null and void. <br />The Utility Department has sole authority to terminate this agreement should another party choose to <br />build the Master Planned line designated in this agreement prior to commencement of the construction <br />under this Agreement. A notice of termination (if' terminated) shall he recorded in the public records of <br />Indian River County. <br />SC -- 20. Term: <br />The term of this Agreement is five (5)years. Unless otherwise authorized in writing this Agreement <br />shall not be renewed automatically for successive terms at the expiration of any preceding term. The <br />Terms of this Agreement shall run concurrently with FDEP Permit to Construction and with the County's <br />Utility Construction Permit whichever is less but shall be not more than lave (5) -years from the date of <br />issuance. <br />SC — 21. 'Time of Essence: <br />Time is of the essence of this Agreement; however, if the final date of any period which is set out in <br />any provision of this Agreement tails on a Saturday, Sunday or legal holiday tinder the laws of the United <br />States or the State of Florida, then, in such event, the time of such period shall be extended to [lie next day <br />which is not a Saturday, Sunday or legal holiday. <br />IN WITNESS WHEREOF, the COUNTY and DEVELOPER have accepted, made and executed this <br />Agreement upon the terms and conditions above stated on day and year first above written. <br />DEVELOPER: NATIONA 3'P O TIES, INC. <br />�l �-I�t1 <br />X= By:t <br />Witness A Ri6Z Astrom, President <br />?11A .-.icy f.'. K s <br />Prin Name <br />Witness <br />Printed Name <br />Printed name and Title <br />STATE OF k`11, <br />L'©LINTY ()F �j�l�t <br />The foregoing instrument was acknowledged before me thisday of _ +k,, <br />2t1U6, by <br />Richard Astrom. as president orNational rehab Prof crties, Inc., A Nevada Corpoatiopersonally <br />known to me or produced astiiultification. f� 1 t <br />e4 Wa "STc Tmx mv2.duc <br />SiglAture oi'P �rson taking; <br />Notary Public 'tat • of I. c <br />(Notarial Stamp) <br />Printed name:: } - <br />I-.'., <br />Spay�A <br />9 11iitR L, V�flliF <br />Commission No. _ <br />o ♦� <br />'� �` <br />d.nrnm. HD. Ct:S$G471i <br />Commission l3%p iration: - <br />• <br />y nm. Exp. sopa. 18, 2000 <br />r • t nOwd Ins.. AmY, <br />e4 Wa "STc Tmx mv2.duc <br />