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3120240033277 RECORDED IN THE PUBLIC RECORDS OF RYAN L. BUTLER, CLERK OF COURT INDIAN RIVER COUNTY FL BK: 3709 PG: 2287 Page 1 of 7 7/10/2024 2:10 PM D DOCTAX PD$0.70 DRAINAGE EASEMENT AGREEMENT FOR 11TH DRIVE THIS GRANT OF EASEMENT,made and executed this fit day of April, 2024, by TTRES FL Vero Beach 11th,LLC, a Delaware limited liability company, whose post office address is 111 Monument Circle, Suite 1500, Indianapolis, IN 46204, hereinafter called GRANTOR,to INDIAN RIVER COUNTY, a political subdivision of the State of Florida, having a mailing address of 1801 27th Street, Vero Beach, Florida 32960,hereinafter called GRANTEE. WITNESSETH : That GRANTOR for and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration, receipt of which is hereby acknowledged by these presents does grant, bargain, sell, alien, remise, release, convey, and confirm unto the GRANTEE, an easement for construction and maintenance of drainage and stormwater facilities to provide stormwater treatment for 11th Drive over, across and beneath the following described land, situate in Indian River County, Florida,to-wit: See Exhibit"A" attached hereto, entitled "Legal Description & Sketch for a Drainage Easement at the Proposed Verity Site" Section 25,Township 32 South,Range 39 East, Indian River County,Florida, dated February 12,2024 and revised per comments 3/16/24 And GRANTOR hereby covenants with said GRANTEE that the GRANTOR is lawfully seized of said servient land in fee simple, and that the GRANTOR has good right and lawful authority to convey the easement established hereby and will defend the same against the lawful claims of all persons whomsoever. And GRANTOR reserves for itself, its successors and assigns, all right of passage and use over, upon, and across all easements described herein, including the right to engage and permit others to engage in all uses of the property not inconsistent with the purposes of the easements described herein. And GRANTEE and its successors and assigns will be responsible for the operation and maintenance of the drainage pipe within the 11th Drive right of way that flows into the detention basin that is depicted as the "Subject Easement" area(1.4313 acres) on Exhibit"A" (Sheet 3 of 4) attached hereto. And GRANTOR and its successors and assigns will be responsible for the operation and maintenance of the drainage and stormwater facilities within the Subject Easement area through the outfall to the fifteen(15) foot wide drainage easement shown on Exhibit"A" (Sheet 2 of 4) attached hereto. 1