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THIS ADDENDUM TO CONTRACT FOR SALE AND PURCHASE is made this f i day of ,G., Aly,/ .1995, by and between BEN F. BAILEY, III, "Seller"; and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, "Buyer", for the sale and purchase of property in Indian River County, Florida, as more particularly described therein. Notwithstanding any other provision in the described Contract to the contrary, . the following shall govern the contractual relationship between the parties on the topics enumerated: 1. If I fts Highway, from the Ryanwood Shopping Center north to 26th Street, is not widened and mon completed on or before January 1, 2000, the Real Property conveyed to Buyer will automatically revert to Seller. The reverter language shall be contained in the Deed of conveyance and shall be acceptable to Seller. 2. With the construction contemplated under paragraph 1 above, Buyer represents that King's Highway will be a divided highway adjacent to Seller's remaining property ("Seller's Property'), and in that regard, a median cut will be installed in King's Highway to service Sellues Property, with appropriate stacking lane in the right-of-way so that persons desiring to ingress Seller's Property traveling South on King's Highway may do so, a copy of the proposed King's Highway improvements are attached. as Exhibit 1. 3. As part of the improvements to King's Highway contemplated by this Addendum, the Buyer will oonabtact a sidewalk in accord with its specifications in the King's Highway right-of-way. In lieu of constructing a sidewalk adjacent to Seller's Property on 26th Street, Buyer will deliver to Seller at closing the sum of One Thousand Dollars ($1,000.00). 4. All improvements contemplated under this Addendum shall be done without assessment or cost to Buyer or any sucoessor owner of Seller's- Property. S. Buyer agrees that Seller and its successors in interest of Seller's Property will not as a condition of development of said property be required to provide ~-way for acceleration a deceleration either on Seller's Property, or in the adjacent IGng's Highway. G. In addition to access on King's Highway, Buyer agrees Seller's Property will have ingress and egress access at its north boundary on 26th Street, at a location acceptable to Seller and Buyer. 7. The Buyer agrees that since the Real Property is conveyed to it by Seller without monetary consideration, Seller's Property will have transferred to it such additional maximum units of residential density as would have been available under the zoning density laws of Buyer in sffed at the times) of actual development of Seller's Property, calculated to include the 1.032 acres of Real Property to be deeded to Buyer under this oontra& B. The terns of this Addendum shall be binding upon and inure to the benefit of the parties, their heirs. su0cessors and assigns. 9. The Buyer shall lay the cost of recording the Deed and documentary stamps testi Seller shall pay for the 1995 real estate taxa: and its own attorneys fee:. 10. This Contract maybe execrated in any nwnber of duplicate originals and any such duplicate criginet shall be deemed to constitute ons and the same it ahmw t. 11. No other understanding or agresmsnt, whether written or oral, *Wl be valid unless incorporated in this Addendum or unless the parties agree to modify this Addendum in writing.