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NOW, THEREFORE , IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as <br /> follows : <br /> 1 . The date for completion of the required improvements as outlined <br /> in the Contract for Construction of Required Improvements No . SD -03 -03 -11 - <br /> CFC (2002070178 =35959) as modified , is extended to April 1 , 2005 . <br /> 2 . The funds currently in escrow in the amount of $ 147 , 746 . 38 , <br /> representing the amount required to guarantee completion of the remaining <br /> required improvements as certified to by the project engineer is adequate and is <br /> to remain in place . <br /> 3 . All other terms set out in the Contract for Construction of Required <br /> Improvements No . SD -03-03 -11 -CFC (2002070178 -35959) , as modified , remain <br /> in full force and effect. <br /> IN WITNESS WHEREOF , the parties hereto have set their hands and <br /> seals on the day and year first above written . <br /> DOUBLE R & D INC . , a Florida <br /> corporation <br /> By. / <br /> Daniel P . Hess , Sr. , President <br /> INDIAN RIVER COUNTY, FLORIDA <br /> by and through its Board of County <br /> Commissioners <br /> By: s. <br /> Thomas S . Lowther, Chairman <br /> BCC approved : 02 - 01 - 2005 <br /> A . K . Barton , C ourt <br /> t <br /> B . <br /> Deputy Clerk <br /> APPROVED AS TO FORM AND <br /> LEGAL SUFFICIENCY: <br /> By: � �G��� <br /> William G . Collins II <br /> 2 <br /> F:\Attomey\Nancy\DOCS\PLAN\MODIFICATON K2d grand oak estates.doc <br />