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t! <br />40 <br />40 <br />40 <br />Anything herein to the contrary notwithstanding, Optionee agrees that <br />Optionor has not waived its right to make application to the Optionee for amendment <br />to the Comprehensive Land Use Plan to delete the future extension of this road right - <br />of --way from the Thoroughfare Plan; and further, the Optionee agrees that in the <br />event of any such application being made by the Optionor, the existence of this <br />agreement shall not be used against it in arguing for the retention of an extension of <br />this road right-of-way. <br />Optionee agrees, and accepts this option with the understanding that it shall <br />be exercised only for the purpose of acquiring the property for the construction of <br />road right-of-way. <br />Optionor shall convey to Optionee good and marketable title to the property <br />herein described. Conveyance of title and transfer of possession to Optionee shall <br />be executed within not less than 180 days after exercise of the option. During such <br />period, title may be examined by Optionee by any method selected. Evidence of <br />good title conveyed may be by a standard form title insurance policy issued by a <br />qualified title insurer, the cost of which shall be borne by the Optionee. Optionor <br />agrees to deliver the property in such condition that the vertical and horizontal <br />profile of the proposed right-of-way shalt be compatible with the Florida Department <br />of Transportation : anual g Uniform StaDdards for the Design Const #ion anti <br />]ufaintenance of Streets and Hi w s (DOT Green Book), as amended, and without <br />the presence of wetlands or other environmentally sensitive lands within the <br />alignment area. <br />Optionee agrees that Optionee's rights ;are wholly conditioned upon the <br />following: <br />Optionee having acquired sufficient right-of-way for what is now known <br />as 61°' Street from 68'x' Avenue to the eastern boundary of the herein <br />described property; AND <br />2. Optionee having acquired sufficient right-of-way for what would be the <br />extension of what is now known as 61" Street right-of-way from the <br />western boundary of the herein described property to what is now <br />known as 82"d Avenue; AAM <br />3. In all events, the option shall be exercised on or before the last day of <br />the option or extended option, as the case may be; and failing such <br />exercise, this option shall lapse, be void, and the Optionor shall be <br />released from any further obligation hereunder. <br />c� <br />CO <br />ry <br />aMON Ta PURM WE REAL asorrxar-®tre <br />