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HomeMy WebLinkAbout2011-179i. s/��/� � �3.a �a�� -��� AGREEMENT TO PURCHASE �ANQ SELL REAL ESTATE BETWEEN INDIAN RIVER C4UNTYAND THE ESTATE 4F ERMA L: LEWIS, BY JAMES E. LEWIS, PERSONAL REPRESENTATIVE THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the. 15 :day of August . ,: 2011, by'and between Indian River County, a political subdi"vision of the State of Florida, 18.01 27th Street, Vero Beach, FL 32960= ("the County"), and the Estate of Erma L. Lewis. by James E. Lewis, Personal Representative, 5265 66'h Avenue; Vero Beach, FL 32967 ("SellerW), who agree as follows: WHEREAS, the Estate of Erma L. Lewis, owns property located at 5265 66tH Avenue, Vero Beach, Florida, a sketch and legal description of the property.is attached to this agreement as Exhibit "A"and incorporated by reference herein; and WHEREAS, Erma L: Lewis passed away recently and her son, James E. Lewis, has been appointed Personal Representative of the Estate. A copy of the Letters of Administration are attached as Exhibit "B"arid incorporated by reference herein; and WHEREAS, the County, is scheduled to expand 66�h Avenue and its side streets in the future and the road. expansion will impact and :affect the Seller's property.,;. and WHEREAS, in order for the County to proceed with its road expansion plans, the. County needs to purchase property to be used as 'right-of-way from landowners adjacent to 66th Avenue;, and WHEREAS; the County has contacted the Seller and .has offered to purchase an approximately 0.34 acre.parcel of property from the Sellers to be used as right-of-way as depicted as Parcel #105 on Exhibit "A" (collectively, the Property); and WHEREAS, the County is prepared to take the Property 'by using its power of .eminent domain; and WHEREAS, the Seller and the County wish to avoid the risk, time and expense of litigation by entering into this agreement for sale.and purchase .of the Property,; NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter, the COUNTY and SELLER agree as follows: 1: Recitals. The above recitals are affirmed as being true and .correct and. are incorporated herein 2. Agreement to Purchase and Sell. The Seller hereby agrees to sell to the County, and the Count yhereby agrees to purchase from Seller, upon the terms and.conditions'set forth in this Agreement, that certain parcel, of real property Located at 5265 66"' Avenue, Vero Beach, Florida and more specifically described as Parcel 105 in $he sketch and legal description attached as Exhibit „A", containing approximately 0.34 acres, and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively; the "Property") 2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $118,335.Q0 One Hundred Eighteen Thousand Three Hundred Thirty Five` Dollars). 'The Purchas6 Pride_shall be paid on the Closing Date, The.Effective Date of this Agreement shall be the date upon which the.County shall have approved the execution of this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant tQ his delegated authority: 3. Title. Seller shall convey marketable title to the Property by warranty deed free of claims, liens, easements and encumbrances of record or known to Seller; but subject to property taxes for the 'year of Closing and covenants, restrictions and public: utility easements of record provided (a) there exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents County's intended use and development of the Property ("Permitted Exceptions"). 3.1 County, may. order an Ownership and Encumbrance Report or Tifle Insurance Commitment with respect to the Property. County, shall within fifteen (15) days following the Effective Date of this Agreement deliver' written notice to Seller of title defects. Title shall be deemed acceptable to County if (a) County fails to deliver notice of defects within the time specified, or (b) County delivers notice and Seller cures the defects within thirty (30) days from receipt of notice from County of title defects (°Curative Period") Seiler'shall use best efforts to cure the defects within the Curative Period andif the title defects are not cured within the .Curative Period, County shall have thirty (30)` days from theend of the Curative Period to elect, by written notice to Seller, to: (i) to terminate this Agreement, whereupon shall be of no further force and effect, or (ii) extend the Curative Period for up to an additional 90 days; or (iii) accept title subject to existing defects and. proceed to closing. 4. .Representations of the Seller. 4.1 Seller is indefeasibly seized of marketable, fee simple title. to the Property, and:is the sole owner of and has. good right,, title, and authority to convey and transfer the Property which is the subject matter of this Agreement, free and clear of all liens and encumbrances. 4.2 From and after the Effective Date of this.. Agreement, .Seiler shall take. no action which would impair or otherwise affect title to any portion of the .Property, and. shall record no documents in the Public Records which would affect title to the Property, without the prior written consent of the. County. 2 4.3 There are no existing or pending special assessments affecting the Property, which are or may he .assessed by any governmental authority,_ water or sewer authority, school district,, draihage district or any other special taxing district. 5. Default. 5.1 In the event the County shall fail �to perform any of its obligations hereunder, the' Seller shall, at its sole ;option; be entitled to: (i} terminate this Agreement by wrttemnotice delivered to the County at or prior to the Closing Date and thereupon neither the Seller nor any other person or party shall. have any claim for specitrc performance, damages, or otherwise .against the County; or (ii) waive the.. County's default, and proceed to Closing. . 5:2 [n the. event., the Seller shall. fail to pertorn any of its obligations hereunder, the County shall, at its sole option, be entitled to: (i) terminate this Agreement by written notice delivered to the Seller:at or prior to the Closing Date and thereupon neither the County nor any other person or party shall have any claim for specific performance; damages or otherwise. against the Seller; or (ii) obtain specific performance.of the terms and conditions hereof, or.(iii) waive the Seller's default and proceed to Closing:. 6. Closin : 6.1 The closing of the transaction contemplated herein.(°Closing'' and "Closing Date'') shall take place within 45 days following the execution of the contract by the ,Chairman of the Board of County Commissioners. With the written consent of#he. Sellers, the County or its agent shall be responsible for obtaining any partial releases. or satisfactions of encumbrances on the Property. The closing date. shall automatically be extended_ by a period of 30 days if the delay in closing is. attributable to obtaining partial satisfaction and release of mortgages) encumbering the Property so long as the County is acting in good faith. with the holder of the encumbrance to partially :release. or satisfythe encumbrance. The parties agree that the Closing shall be as follows: (a) The Seller shall execute and deliver to the County a warranty deed .conveying marketable title to the .Property, free and clear of all liens and encumbrances .and in the condition required by paragraph 3. (b} The Seller shall have removed all of their personal property and equipment from the Property and Seller shall deliver possession of the Property to County vacant and in the same or better condition that existed at the Effective Date Hereof.. (c) If Seller is obligated to discharge any encumbrances at or prior to Closing and. fails to do so, County may use a portion of Purchase Price funds to satisfy the encumbrances. (d) If the Seller is anon -resident alien or foreign entity, Steller shall deliver to the County an affidavit, in a form acceptable to the County, certifying that the. Seiler and any interest 3 holders are not subject to tax underthe Foreign Investment and Real Property Tax Act of 1980. (e) The Seiler and.the County shall each deliverto the other such. other documents or instruments as may:reasonably be required to close this_ transaction. 6:2 Taxes. All taxes _and special assessments which are a lien upon the property on or prior to the, ClosingDate {except current taxes which are not yet due and payable) shall be. . . paid by the $eller; 7. Closing Costs: Expenses. County or its agent shall be responsible for preparation of all Closing documents. 71 County shall pay he following expenses at Closing: 7.1.1 The cost of recording the warranty .deed and any, release,. partial release .or satisfaction obtained by Seller pursuant to this Agreement. 7.1:2 .Documentary Stamps required to be.affixed to the warranty deed, if any. 7.1.3 All costs and premiums far the owner's marketability title insurance commitmentand policy, if any. 7,2 Seller shall .pay the following expenses at or prior to Closing: 7.2.1 All costs necessary to cure fitie defects) or encumbrances, other hantke-Permitted Exceptions,,, and .to satisfy or release of record all, existing. mortgages; liens or encumbrances upon the .Property. 8. Miscellaneous: 8,1 Controlling. taw. This Agreement shall be construed and enforced in accordance with the: laws of the State of Florida. Venue shall be in Indian -River County for all state court matters, and in the Southern District of Florida. for all federal court matters. 8.2 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to this transaction _and supersedes all prior agreements; written or .oral, between the Seller and the County relating to the subject ma#ter .hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties. 8.3 Assignment and Binding Effect. Neither County nor Seller may assign its rights and obligations under this Agreement without the prior written consent of the other party. The terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and their successors and. assigns. 4 8:4 Notices. Any notice shall be deemed duly served if personallyserved orf mailed by certified'mail, return receipt requested, or''rf sent via "overnight" courier service or facsimile transmission, as follows: If to Seller: Estate�of Erma L: Lewis. Attn: James E. Lewis Personal -Representative 5265 66�h Avenue Vera Beach, FL 32967 If to .County;: Indian:_River County 180127th:Stireet Vero'Beach, FL. 32960 Attn; Public Works Direcfor Either party may change the information above"by giving written notice. of such change as provided in this paragraph. 8:5 Survival and Benefit. Except as otherwise. expressly provided herein, :each :agreement, representation or warranty made in this Agreement. by or on behalf of either party, or in any instruments delivered pursuant hereto or in connection herewith, ,shall survive the Closing Date- and the consummation of the transaction provided for herein: The covenants, agreements and undertakings of each of the parfies hereto' ,are made solely for he benefit af, and may be relied on only by'the other party hereto, its successors and assigns, and are riot made for the benefit of; nor may they be relied upon, by anyother person whatsoever. 8.6 Attorney's Fees and Costs.. In anyclaim or controversy -arising. out of or relating to this Agreement,. each party shall 'bear its own.attorney's fees, costs,. and expenses.. 8.7. Counterparts.. This Agreement may be executed in two or'mare counterparts, each one of which shall constitute an original. 8.8. County. Approval Required`: This Agreement is subject to approval by the Indian River County asset forth in paragraph 2'.1 8.9 Fees and: Costs: The°purchase price of $91'8,335.Q0 is inotusve of all costs -except for attorney's -fees as indicated in paragraph 9 below. 8.10. "Seller acknowledges receipt ,of the. ".Notice #o Owner" and understands his/her rights granted, under Florida Law Chapters 73 and 74." \r ,-� , Cnitials 9. Additiottal Responsitsilities of the. County: 9.1 The County or its>Contractor shall .replace the existing driveway with a similar side and type drive with a culvert underneath. 92 The. attached road plans: adjacent fo the Seller's property are attached and incorporated herein as composite "Exhibit C": 5 9.3 The County shall pay at the time of closing fa Simon'& Holloway, P.A:- atforneys for the Seller, .the sum of 5.25% of the purchase price or $6,212.59 in full satisfaction of attorney's fees in this matter. IN WITNESS WHEREOF, the undersigned have executed this Agreement as:of the date first set. forth above.. INDIAN RIVER COUNTY; FLORIDA ESTATE 01= ERMA L. LEWIS BOARD OF COUNTY COMMISSIONERS Approved by BCC ATTEST: Jeffrey K. Dep .Approved: ri�i.�•� ��� �� :. . • `o as to Farm and William IZ. CfeBraal, ncy: Attorney G�i Represents#ive SKETCH TO ACCOMPANY DESCRIPTION: THIS IS NOT A SURVEY! LOCATION MAP: NOT TO SCALE. 9 � � $ ' _ c 113 �; 57th a fit. t� ,� � N18 Relie Canal =�J I c � 53rd St.. ai _��5� � � . � I 49th m ; St.20 � � 2a� I �e .............::;+n .... OWNER: ERMA LEE LEWIS LEGAL DESCRIPTION: PARCEL 105 A PARCEL OF LAND BEING THE WEST 56.00 FEET OF THE EAST 112.00 FEET OF .THAT PORTION OF . LAND DESCRIBED IN OFFICIAL RECORDS BOOK 167, PAGE 103, PUBLIC RECORDS, INDIAN RIVER COUNTY LYING WITHIN TRACT 1, INDIAN RIVER FARMS CO. PLAT OF LANDS, ACCORDING TO THE PLAT THEREOF. AS RECORDED IN PLAT BOOK 2, PAGE 25, PUBUC RECORDS, SAINT LUCIE COUNTY, FLORIDA,. ALL SAID LANDS LYING WITHIN SECTION f 9, TOWNSHIP 32 SOUTH, RANGE 39 EAST, INDIAN RIVER COUNTY, FLORIDA. CONTAINING � 0.34 ACRES, MORE OR LESS. 'ALL BEARINGS SHOWN HEREON ARE BASED . ON THE EAST LINE. OF SECTION f 9, TOWNSHIP 32 SOUTH RANGE 39 EAST, INDIAN RNER COUNTY, FLORIDA. SAID UNE IS ASSUMED TO BEAR NORTH 00'08'10 EAST. SUBJECT TO EASEMENTS, RESTRICTIONS AND RIGHTS—.OF—WAY OF RECORD. SAID PARCEL OF LAND IS ENCUMBERED BY A TIFF RESERVATION RECORDED IN DEED BOOK 35, PAGE 393, PARTIALLY RELEASED IN OFFICIAL RECORDS BOOK 172, PAGE 446, .PUBUC RECORDS, INDIAN RIVER COUNTY, FLORIDA, WHICH CONTAINS 0.34 ACRES. MORE OR LESS. CERTIFlCATION: I HEREBY CERTIFY THAT THE DESCRIPTION AND ATTACHED SKETCH OF. DESCRiPTKNI WERE PREPARED IN .ACCORDANCE WITH THE SURVEYING STANDARDS, CHAPTER 61G17-6, FLORIDA ADMINISTRATIVE CODE, AS SEt FORTH BY THE FLORIDA BOARD OF PROFESSIONAL SURVEYORS &MAPPERS. PURSUANT TO SECTION 472.027, FLORIDA STATUTES, AND IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BEUff. UNLESS R BEARS THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER, THIS LEGAL DESCRIPTION AND SKETCH IS FOR WFORMATIONAL PURPOSES ONLY AND IS NOT VALID. PERRY C. ITE PROFESSIONAL LAND SURVEYOR AND MAPPER LICENSE N0. 4213, STATE OF FLORIDA DATE: 1/15/07 .� ,l � � � � �: . � ,., NOTE: THIS . � NOT A SKETCH OF SURVEY, BUT ONLY A GRAPHIC DEPICTION OF THE DESCRIPTION SHOWN HEREON. THERE HAS BEEN NO FlELD WORK. VIEWING OF THE SUBJECT PROPERTY, OR MONUMENTS SET IN CONNECTION WITH THE PREPARATION OF THE INFORIutAATION SHOWN HEREON. NOTE: UWDS SHOWN HEREON WERE NOT ABSTRACTED FOR RESTRICTIONS, RIGHTS-OF-WAY AND EASEMENTS OF RECORD. T9 ADomoNAL R/W o euuer� �� � � z wPoolo�3 1053SD105 SKETCH • TO ACCOMPANY DESCRIPTION, THIS IS NOT A SURVEY! 531d STREET 's �� 18 bl% 50R/W PER ,STATE OF FLORIDA N`E' STATE ROAD DEPARTMENT RIGHT—OF—WAY MAP SECTION SECTION NO. 88530, ROAD N0. 505 COUNTY ROAD 6t5, 66th AVENUE +1 STA: 309+09.34\' 000 OFFSET: 27.00 L 11 S89*5 O9"E I I STA: 309+09.25 ::i J OFFSET: 83.00 L Q 328.83'(C) 3300(D) U I to I 30.00' ROAD R/W AS DETERMINED BY I INDIAN RIVER COUNTY O • I A PORTION OF TRACT 1 I P.B. 2, PG. 25, S.LC.R. a OWNER: ERMA LEE LEWIS Ix 5265 66th AVENUE I VERO BEACH, FL., 32967 � 1 c*' PARCEL 1D 32391900001001000002.0 100' TIIF RESERVATION Z D.B. 35, PG. 393 PARTIALLY I RELEASED O.R.B. 172, PG. 446 56900 I ADDITIONAL R/W 328.83'(C) 330'(D) _ I STA: 306+45:25 I 40 OFFSET: 83.00 L LEGEND: S69'54'39"E .l D.B. — DEED BOOK P.O.C. — POINT OF COMMENCEMENT STA: 306+45 30 � P.O.B. — POINT OF BEGINNING P.B. — PLAT BOOK PG. — PAGE PID PROPERTY INDENTTFICATION NUMBER POT — POINT OF TANGENCY S.LC.R. — ST. LUCIE COUNTY RECORDS STA — STATION ARCADIS U.S., Inc. o . IOFFSET: 27.00 L I O 0 CORNER OF 19-32=39 M I opt _ as I N z I000 o� I I I 9 P+--30.00' 20.00' M .E. COR ER OF TRACT t ADDITIONAL R/hl sH�t 2 aF 2. WP001053 � 1053SD105 RIVER CO � E'L,. t3fC: 2422 Bra: 1 , 05/26/2010 09:05 AM IN TSE CIRCUIT COURT OF THE NINETEENTH JUDICIAL CIRCUIT IN AND FOR INDIAN RIVER COUNTY, FLORIDA TO ALL WHOM IT MAY CONCERN StateofFlorida, and CASE NO. � C1��7�3, 1 :M:/ 1 I: 1! 11 :1 1 :1 1 • : I : 1 1 'IA 1 p - ��� ��� 1 !11'1 M 1' 1: 1 1 11 11 • 1 • / 1 1• 1 -:1 1 • 1: :��:-• 1: 1 : Y' ' :1 1 1 • :I • : 1 I - 1 ' :ti Y • 1 1 ! • / 1 '.11 1 / :1 • 1 1 :I {- 1 1 1• 1 J .1 1 I: 1- 1 1 { 1 :Y:1 � • 'a: ^ ,1 •:l: OII� , ' � ._.:� `,= °- .�... ar r ., 1 1 1: 1 :Y 11 . 11 = 1 1 / • 1 1 -f: :Y 1 1 _ • onsneQ�d'ay of May, 2010. Circuit Judge STATE OF FLORIDA , . �,.. ; , .� >s; INDIAN RIVER COUNTY DO HEREBY CERTIFY the within and bregoing � a true and correct copy of the or incl ae ft appears on record and flie in the office of �e Circuit Court Clerk cf Indtan Rlver Coun /Florida and the same le In FUII FORCE AND E�Fl±CT. tNITNE33 my hand a � OiOdat Seal at Vero Beach, Florida. chis fhe ,day of 2p l D n ..L� �lil[� I I I N N N N { I �- I, E I I I I I I ...L. _.... i I I j r j I I i I N N N N tv �- �- I, E ...L. _.... I N 1 I, I w • 1 r : I � -I 1 I t i -t ZZ I �iY �- t R�kurn to and prepared by: �, `� ; Jason A. Beal Atlantic Coastal Land Title Company, LLC 3850 20`h St., Suite 4 Vero Beach, FL 32960 Property Appraiser's ID#: 32-39-19-00001-0010-00002.0 2162855 THIS DOCUMENT HAS BEEN RECORDED !N THE PUBLIC RE:;ORDS OF INDIAN RIVER COUNTY FL BIC: 2523 PG:960, Pagel of 4 09��S/2011 at 12:46 PM, D DOCTA>: PD 50 '0 JEFFREY K BARYON, CLERK OF COURT PERSONAL REPRESENTATIVE'S DEED This Personal Representative's Deed, dated this 13`h day of September, 2011, made and executed by James Eric Lewis, as Personal Representative of the Estate of Erma L. Lewis, deceased, whose probate case has been filed in Indian River County, Florida, Case No. P2010U331, first party, to Indian River County, a political subdivision of the State of Florida, whose post office address is 1801 27`h St., Vero Beach, FL 32960, second party: (Wherever used herein the terms "first party" and "second party" shall include singular and plural, heirs, legal representatives, and assigns of individuals, and the successors and assigns of corporations, wherever the context so admits or requires.) Witnesseth, that the said first party, for and in consideration of the sum of $10.00 and or other valuable consideration, the receipt whereof is hereby acknowledged, does hereby remise, release and quit -claim unto the said second party forever, all the right, title interest, claim and demand which the said first party has in and to the following described lot, piece or parcel of land: A parcel of land being the East 112.00 feet of the following described lands: Commencing at the Southeast corner of Tract 1, Section 19, Township 32 South, -Range 39 East, according to the last general Plat of lands of the INDIAN RIVER _FARMS COMPANY SUBDIVISION, as recorded in Plat Book 2, at Pages) 25, of the Public Records of St. Lucie County, Florida; said lands now lying and being in Indian River County, Florida; thence run North on the East boundary line of said Tract 1, a distance of 792 feet to Point of Beginning; thence continue to run North on the East boundary line of said Tract 1, a distance of 264 feet; thence run West on a line parallel to South boundary line of said Tract 1, a distance of 330 feet, more or less; to the West boundary line of the East 10 acres of said Tract 1; thence run South on the West boundary line of the East 10 acres of said Tract 1, a distance of 264 feet; thence run East a distance of 330 feet, more or less, to the Point of Beginning., Subject to all valid restrictions, reservations and easements of record, however, this reference to restrictions shall not operate to reimpose same. To have and to hold the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest, lien, equity and claim whatsoever of the said first party, either in law or equity, to the only proper use, benefit and behoof of the said second party forever. And the said first party hereby covenants and warrants that it has authority to execute this deed and that, in such execution, all court orders and laws of the State of Florida have been followed and complied with in all respects. Pursuant to Rule 12B-4.014(4), F.A.C., this deed is given to a governmental entity under threat �f condemnation, or as a part of an out -of --court settlement of condemnation proceedings, and is not subject to tax. In witness whereof, the said first party has signed and sealed these presents the day and year first above written. Signed, sealed and delivered in presence of: ure of Witne �s o� .0_ � �.. Print Witness's Name V l£.,11q�M1V V��11V UJ f R,t �, �► M DJ�I Print Witness's Name STATE OF FLORIDA COUNTY OF INDIAN RIVER �irantor's signature James Eric Lewis as Personal Representative The foregoing instrument was acknowledged before me, a Notary Public, this 13th day of September, 2011 by James Eric Lewis, as Personal Representative, who was personally known to me, or who produced the following identification: ��- � �— �IasoN a eEat MY COMMISSION � DD 823327 Printed Name of Notary EXPIRES: October i t, 2012 Raided Thrta Notary PubWc Urpferwdpers My Commission Expires: My Commission Number: T X .. SKETCH TO ACCOMPANY DESCRIPTION, THIS IS NOT A SURVEY! OWNER: ERMA LEE LEWIS LEGAL DESCRIPTION: PARCEL 105 A PARCEL OF LAND BEING THE EAST 112.00 FEET OF THAT PORTION OF LAND DESCRIBED IN OFFICIAL RECORDS BOOK 167, PAGE 103, PUBLIC RECORDS, INDIAN RIVER COUNTY LYING WITHIN TRACT 1, INDIAN RIVER FARMS CO. PLAT OF LANDS, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 2, PAGE 25, PUBLIC RECORDS, SAINT LUCIE' COUNTY, FLORIDA, CONTAINING 29,568 SQUARE FEET OR 0.68 ACRES, MORE OR LES5. ALL SAID LANDS LYING WITHIN SECTION 19, TOWNSHIP 32 SOUTH, RANGE 39 EAST, INDIAN RIVER COUNTY, FLORIDA, ALL BEARINGS SHOWN HEREON ARE BASED ON THE EAST LINE OF SECTION 19, TOWNSHIP 32 SOUTH, RANGE 39 EAST, PALM BEACH COUNTY, FLORIDA, SAID LINE IS ASSUMED TO BEAR NORTH 000810° EAST. SUBJECT TO EASEMENTS, RESTRICTIONS AND RIGHTS-OF-WAY OF RECORD. CERTIFICATION: I HEREBY CERTIFY THAT THE DESCRIPTION AND ATTACHED SKETCH OF DESCRIPTION WERE PREPARED IN ACCORDANCE WITH THE SURVEYING STANDARDS, CHAPTER 61G17-6, FLORIDA ADMINISTRATIVE CODE, AS SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL SURVEYORS & MAPPERS, PURSUANT TO SECTION 472.027, FLORIDA STATUTES, AND IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. UNLESS IT BEARS THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER, THIS LEGAL DESCRIPTION AND SKETCH IS FOR INFORMATIONAL,'PURPOSES ONLY AND IS NOT VALID. PROFESSIONALLAND SURVEYOR AND MAPPER LICENSE N0. 4213, STATE OF FLORIDA DATE: 1/15/07 Ifft ARCADIS ARCADIS U.S., Inc. 2081 Vista Parkway Tel: (561) 697-7000 Fax: (561) 697.7751 West Palm Beach, Florida 33411 wwwzradlrrus.com NOTE: THIS IS NOT A SKETCH OF SURVEY, BUT ONLY A GRAPHIC DEPICTION OF THE DESCRIPTION SHOWN HEREON. THERE EE HAS BN NO FIELD WORK, VIEWING OF THE SUBJECT PROPERTY, OR MONUMENTS SET IN CONNECTION WITH THE PREPARATION OF THE INFORMATION SHOWN HEREON. NOTE: LANDS SHOWN HEREON WERE NOT ABSTRACTED FOR RESTRICTIONS, RIGHTS—OF—WAY AND EASEMENTS OF RECORD, PCW I PCW 11' = 80' I PCW ADDITIONAL R/W CT NUMBER oRAwlnc r1uM e� 1 of 2 WP001053 10530111imp105 SKETCH TO ACCOMPANY DESCRIPTION. THIS IS NOT A SURVEY! 50' R/W PER STATE OF FLORIDA STATE ROAD DEPARTMENT RIGHT-OF-WAY MAP SECTION N0. 88530, ROAD N0. 505 COUNTY ROAD 615, 66th AVENUE � STA: 309+09.35 I II OFFSET: 29.00 R S89'S4'39"E � > 12.00' STA: 309+09.25 I J ( _ _ _ _ _ OFFSET: 83.00 L_ _ U �` 328.83'(C) 330'(0) N I 53rd STREET ' a ' � N.E: CORNER OF Is so SECTION 19-32-39 O M O_ ( ( OM M � 2 Of J � ~ � � � � I � I l� I A PORTION OF TRACT 1 � o ,,.� a I P.B. 2. PG. 25, S.LC.R. cv I � •� I� OWNER: ERMA LEE LEWIS N a -- I� 5265 66th AVENUE W I � VERO BEACH, FL., 32967 0 105 � � o I o PARCEL ID � ( c o W ( 32391900001001000002.0 I b I � I z I 112.00 I ADomoNA� R/W � 00 I _ _ _ 328.83_(C) 330'(0) I STA: 306+45.25 M C N 0 t I OFFSET: 83.00 L t o o � `a \ LEGEND: S89'54'39"E Z � � 3 D.B: - OEEO BOOK ��2.Qo ( �� M � � � P.O.C. -POINT OF COMMENCEMENT I �- � � g " P.0.8. -POINT OF BEGINNING I � 3 o N P.B. -PLAT BOOK � � �' PG. -PAGE I PID -PROPERTY INDENTIFICATION NUMBER POT -POINT OF TANGENCY c S.L.C.R. - ST. CUCIE COUNTY RECORDS � ,n STA -STATION pg1 M _ -. ,�. j'_I� .� .� : ,; ,,, 0 I I (^ � � z I� � 2 � o°� W O W >- Q��z I{��z ���0 � � Q �I ANN 0 g 0 g a �� N ;a�� N Sia M �N � a I STA: 306+45.35 IOF i SET: 29.00 R I 4--�---30.00' PCw I PCw I I' = 80' E. CORNER OF TRACT 1 I/i5/07 BEJ ADDITIONAL R/W � MIIABER DRAwniC Nutu�lt s�eT 2 � 2 WP001053 1053SD105 OWNER'S POLICY OFTITLE INSURANCE (with Florida Modifications) * Policy Number OXF�-08057284 File Number: 41078679 * * ** Issued by Old Republic National Title Insurance Company * Any notice of claim and any other notice or statement in writing required to be given to the * * Company under this Policy must be given to the Company at the address shown in Section 18 ** of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation (the "Company")insures, as of Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from la) A defect in the Title caused by (i) forgery, fraud, undue influence, duress; incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized bylaw; Iv► a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized bylaw; or (vii) a defective judicial or administrative proceeding. (b► The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning► restricting, regulating, prohibiting, or relating to la) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. In Witness Whereof, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, has caused this policy to be signed and sealed as of Date of Policy shown in Schedule A, the policy to become valid when countersigned by an authorized signatory of the Company. Policy Issuer: Countersigned: ATLANTIC COASTAL LAND TITLE COMPANY, LLC 3850 20TH STREET, STE 4 VERO BEACH, FL 32960 PHONE: 772-569-4364 Authorized Officer or Licensed Agent ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6.17-06 (with Florida Modifications) OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Stock Company 400 Second Avenue South, Minneapolis, Minnesota 55401 (6121371-1111 gy �/''`:��� President Attest 2 �� Secretary 1 ; 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective la► as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or Ib► because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records li► to be timely, or Iii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. la► Any law, ordinance, permit, or governmental regulation lincluding those relating to building and zoning) restricting, regulating, prohibiting, or relating to li► the occupancy, use, or enjoyment of the Land; Iii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 11a) does not modify or limit the coverage provided under Covered Risk 5. Ib► Any governmental police power. This Exclusion 11b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Aisk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6-17-06 (with Florida Modifications) Ib► not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; Icl resulting in no loss or damage to the Insured Claimant; Id) attaching or created subsequent to Date of Policy; or le) resulting in loss or damage that would not have been . sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is la► a fraudulent conveyance or fraudulent transfer; or Ib► a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. Page 2 CONDITIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Amount of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy": The date designated as "Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A. (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant': An Insured claiming loss or damage. (f) "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include,any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (j) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6*17.06 (with Fl orida Modifications) purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or . other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 5. DEFENSE AND PROSECUTION OF ACTIONS Ia1 Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel, The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. Page 3 CONDITIONS (coni) 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Compariy, the Insured, at the Company's expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and Iii► in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Oate of Policy, that reasonably pertain to the loss or damage. further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAYOR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY Incase of a claim under this policy, the Company shall have the following additional options: Ia1 To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses ihcurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, a►I liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation tp defend, prosecute, or contin- ueany litigation. (b► To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6.17-06 (with Florida Modifications) policy. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (ii) to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b►(i) or (ii►, the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. S. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. Ia1 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (i) the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by 10%,and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b►, the Company will also pay those costs, attorneys' fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 9. LIMITATION OF LIABILITY Ia► If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b► In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. M CONDITIONS (coni► 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken_ in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made withih 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT laj Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant;in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. . If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. Ib► The Company's right of subrogation includes the rights of, the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Unless prohibited by applicable law, arbitration pursuant tothe Title Insurance Arbitration Rules of the American Arbitration Association may be demanded if agreed to by both the Company and the Insured at the time of a controversy or claim. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, and service of the Company in connection with its issuance or the breach of a policy provision. or other obligation. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the Insured, the Rules in effect at Date of Policy shall be biriding upon the parties. The award may include attorneys' fees only if the laws of the state in which the Landis located permit a court to award attorneys' fees to a prevailing party. Judgment upon the award rendered by the Arbitratorls) may be entered in any court having jurisdiction thereof. The law of the situs of the land shall apply to an arbitration under the Title Irisurance Arbitration Rules. A copy of the Rules maybe obtained from the Company upon request. ORT Form 4309 fl ALTA owners Policy of Title Insurance 6.17.06 (with Florida Modifications) 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT la► This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. Ib► Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim whether or not based on negligence shall be restricted to this policy. Ic► Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. Id► Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms. and provisions. Except as the endorsement expressly states, it does not li) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, liii) extend the Date of Policy, or (iv► increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM la) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles todeter- mine the applicable law. Ib► Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at 400 Second Avenue South, Minneapolis, Minnesota 55401-2499, Phone: 612-371-1111. Page 5 I -_ 10 b in.c�xks �s ," M .. s 4 4 OLD�REPUBLIG NAFTI% IR'"UL TITI;E INSURANCE. COMPANY1 110P Owner's7itle Insurance Policy Note: This policy consists of insert pages labeled "Schedule A" and "Schedule B" and is of no force or effect unless all schedules are included, along with any Rider pages incorporated by reference in the insert pages. SCHEDULE A Agent's File No: 41078679 Policy No: OXFL-08057284 Effective Date: September 15, 2011 at 12:46 PM Amount of Insurance: $118,335.00 Address: 5265 66t'' Ave., Vero Beach, FL 32967 L The Insured hereunder, in whom title to the fee simple estate is vested at the date hereof, is: Indian River County, a political subdivision of the State of IF 2. In addition to those referred to in Schedule B hereof, the land herein described is encumbered bY the following mortgage(s), and assignments thereof (if any): None! 3. The land referred to in this policy is situated in the County of Indian River, State of Florida, and is described as follows: A parcel of land being the East 112.00 feet of the following described lands: Commencing at the Southeast corner of Tract 1, Section 19, Township 32 South, Range 39 East, according to the last general Plat of lands of the INDIAN RIVER FARMS COMPANY SUBDIVISION, as recorded in Plat Boob 2, at Page(s) 25, of the Public Records of St. Lucie County, Florida; said lands now lying and being in Indian River County, Florida, thence run North on the East boundary line of said Tract 1, a distance of 792 feet to Point of Beginning; Poll -Policy Insert Page 1 OLD REPUBLIC,,NATIONAL.TITLE INSURANCE COMPANY Owner's Title Insurance Policy thence continue to run North on the East boundary line of said Tract 1, a distance of 264 feet; thence run West on a line parallel to South boundary line of said Tract 1, a distance of 330 feet, more or less, to the West boundary line of the East 10 acres of said Tract 1; thence run South on the West boundary line of the East 10 acres of said Tract 1, a distance of 264 feet; thence run East a distance of 330 feet, more or less, to the Point of Beginning. Signatory ATLANTIC COASTAL LAND TITLE COMPANY, LLC 3850 20' Street, Suite 4, Vero Beach, Florida 32960 Telephone: 772-5694364 Poll -Policy Insert Page 2 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Agent's File No: 41078679 Policy No: OXFL-08057284 Owner's Title Insurance Policy SCHEDULE B This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of GENERAL EXCEPTIONS: 1. (a) Any encroachment, encumbrance, violation, variation, or adverse circumstances affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments on the Land of the existing improvements located on adjoining land. (b) Easements, or claims of easements, not shown by the public records. (c) If the land described herein abuts a river, lake, stream or other waterway --- the nature and extent of riparian and/or littoral rights, title to any portion of the land which is submerged, title to any portion below the mean high water mark of a tidal waterway, and title to any portion which consists of "filled-in lands"; and/or any claim that any portion of said lands are sovereign lands of the State of Florida. (d) Taxes or special assessments which are not shown as existing liens by the public records. SPECIAL EXCEPTIONS: 2. The mortgage referred to in item 2 of Schedule A hereof, if any. 3. General and special real property taxes and assessments for tax year 2012 and subsequent years. 4. Subject to TIIF road easement reserved in Deed Book 35, at Page 393 (TIIF Deed Number 401). Note: These reservations have been partially or wholly released by instrument recorded in O. R. Book 172, at Page 446. 5 . Ditches, canals and road rights of way (if any), as reserved or described on the plat of INDIAN RIVER FARMS COMPANY, as recorded in Plat Book 2, at Page 25, of the Public Records of St. Lucie County, Florida. Poll -Policy Insert Page 3 A i � OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Owner's Title Insurance Policy In accordance with Title 42 United States Code, Section 3604, any covenants, conditions or restrictions referred to herein, which indicate any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin, are hereby deleted. Note 1: This policy does not insure against loss or damage arising as the result of unpaid charges for public utilities furnished by any county, municipality, or public service corporation, which may be or may become a lien upon the land insured hereby under any provision of the Florida Statutes including Section 159.17; and/or any county, municipal, or special taxing district assessment, including those levied under the provisions of Chapter 190, Florida Statutes, Note 2: All references herein to recorded instruments, refer to recordations contained within the Public Records of the county in which the land is located. Reference to instruments among the Public Records refer to the first recorded page of the instrument, but include by reference all pages recorded under the Clerk's File Number assigned to the instrument referred to. Poll -Policy Insert Page 4 m z14 A. Settlement Statement Prepared by: Atlantic Coastal Land Title Company, LLC (HUD -4) 3850 20th Street, Suite 6, Vero Beach, Florida 32960 U. S. Department of Housing and Urban Development OMB 1140. 2502-0265 B. Tvve of Loan 1. 13 FHA 2. ❑ FmHA 3. ❑ Col Un1nS. 6. File Number 1. Loan Numba S. Mongage Insumm Calve No. 4. ❑ VA 5. ❑ Conv. Ins. 41078679 C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. MN MDADDRMOPHUYEFL Indian River County, a political subdivision of the State of Florida 180127th St Vero Beach, FL 32960 �" "¢"N1A0D0.�9OP'H`aa James Eric Lewis, as Personal Representative of the Estate of Erma L. Lewis, deceased 5265 66th Ave Vero Beach, FL 32967 F.NN.E AMUMOFLWDM' a PROPE0.T UXATM: 5265 66' Ave., Vero Beach, FL 32967 (Portion of) J. WffV;¢NTOAT - K seruam+rAaYur: Atlantic Coastal Land Tide Company, LLC PLMMOFYtT"ME T' 3850 20th Street, Suite 6, Vero Beach, Florida 32960 September 2011 ffs ' 101. Contract Sales Price $ 118,335.00 act Sales Price $ 118 335.00 102. Personal Property nal Property - -- ------ --103. Settlement charges to BUYER: $ 7,229.29 104 L405* 105I �'?kBY" 4�SYitGE 107. County Taxes Closin Date to 12/31 $ 0.00 407. County Taxes Closing Date to 12/31 ; $ 0.00 '108. Assessments to 408. Assessments to 109.. 409. ---- --- -- 110. - - -- ------------- --- . _._ _ 410. ----- - ----- - -- - -- - - -- - - -.. ----- --�- . 411. 112. I 412. 120. GROSS DUE FM BUYER: $ 1251564.29 4209 GROSS DUE TO SELLER: $ 118,335.00 201. Deposit or earnest money 501. Excess deposit (see instructions) 202. Principal amt of new loan $ 0.00 502. Settlement Charges to seller $ 0.00 - - 203 Existing loans taken subject to 503 Existing loans taken subLect to _ _- 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 506. 2060 207_ 507 -- -...__ ._. _. _ _..- _.._--- 208. 508. 209. 509. 211. County Taxes 1/1 - Closing Date-� $ 0.00 511. County taxes 1/1 - Closing Date - $_ 0.0.0 _ 212. Assessments to 512. Assessments to 213. 513. _ 214. 514. 215. 515, 216, 516. 217, 517, 218, 518, 519. 219, 520. TOTAL REDUCTIONS IN 220. TOTAL PAID BY/FOR BUYER: $ 0.00 1 $ 0.00 AMOUNT DUE TO SELLER: 301. Gross amt due from BUYER $ 125,564.29 1 601. Gross amt due to seller $ 118,335.00 302. Less amt'paid by/for BUYER $ 0.00 602. Less reductions in amt due seller $ 0.00 303. CASH FROM BUYER: $ 125,564.29 603. CASH TO SELLER: $ 118,335.00 HUD -1 (3-86) RESPA, HB 4305.2 .. d"� L• SETTLEMENT CHARGES 700. TOTAL SALES/BROKER'S COMMISSION: $, BASED ON PRICE OF $i 18,335.00, PAID FROM PAID FROM � �' - $ BUYER'S SELLER'S FUNDS AT FUNDS AT 701. $ to _ 'V SETTLEMENT SETTLEMENT 702. $ to _ _ 703. Commission paid at settlement 801. Loan Origination fee 46 to 802. Loan Discount % to - - 803. Appraisal Fee to: 804. Credit Re ort to: 805. Lender's Ins ection fee ta: 806. Mortgage Insurance a lication fee to: 807. Assumption fee to: 808. 809. 810. 811. ------- 901. Interest from to @ $ /day 902. Mortgage insurance remium for mos ta 903. Hazard insurance remium for yrs to 904. Ftood insurance. remium for yrs to 905. - ------- 1001. Hazard insurance months @ $ er month 1002. Mortgage insurance months C� $ er month 1004. County pro erty taxes months @ $ er month _ __ 1006. Flood insurance months @ $ per month 1007. Aggregate Adjustment Amount 1101. Settlement or closin fee.to Atlantic Coastal Land Title Company, LLC $ 185.00 $ 0.00 1102. Abstract or title search to AUantic Coastal Land Title Com an i $ 85.00 $ 0.00 ,LLC 1103. Title Examination to Atlantic Coastal Land Title Com an $ 0.00 ,LLC 1104. Title insurance binder to 1105. Documentpreparadonto 1106. Notary fees to 1 I_07.,Attomey's fees to Simon & Holllo_way, P.A. $___6,212.59 __ 1108. -Title insurance to Atlantic Coastal Land Title Company, LLC $667.00. $ 667.00 $ ___ __ _ 0.00 1109. Lender's coverage $_-____ _ 1110.Owner's cover e $ 118,335.00 11 I L_Florida Comprehensive Endorsement (Form 9) !__.__ - 1112. ALTA Environmental Protection Lien Endorsement Form 8.1 -----...__._ 1113 1114. 1115. 1201. Recording fees:.Deed $18.50 _ _ _ _ - $ 44•� $-__--__ _0•�_ __ 1203. State tax/stamQs_ Deed $.70 $ 0.70 $ __________0.0_0 _ -___ ___- _-�_ _._ 1204. Intangible tax on Mortgage $ 0•� 1205. 1206. 1301. Survey to 1302. Pest inspection m � 1303. Express delivery fees to Atlantic Coastal Latnd Title Company, LLC _ __ _ 1304. Digital Arehive/File Scanning Fee to Forensis $ 20.00 $ 0.00 1305. Wire Transfer Fee to CenterState Bank $ 15.00_ _-_ _-_ _ _ _ _ _ _ _ , __ 1306. --- ----------_...---- 1307. ---- -------- - --- 1308. -_.__-_ �- - - _- - 1309. _ 1310. -_ 1311. _ ___. 13 t 2. ---- 1400. TOTAL SETTLEMENT CHARGES (enter on ane t03, Semon � •and • tine 502, Secaoa K) $ 7,229.29 $ �.QQ M11T�H .I:iNE � ..'.: t I � �� . � �. s . • I I - Nr:eiX.. I !aawsu N � � � � I � $. � � l �� � �� . �� .1 � $: � ���� ,� 1 � ��� � �� I � i. I ���� �� �. � I � �}. i/ii Ao'a-.4 �� - � � b I .� h �; I �. ,� ��. P \Na,{RI, � f �A .�.� I. �. 1 1�x� � i i�' ? : a4: � tit �s.;�3 I � , �� 1 � ► �� � , I r�F I � � �� ;. I �� � �� ii��1. �� �� � I '� . � r � � � ,Ilii. 1 - :• ' � �� � 'x x�� i' � 1 , �g��. � ` �g�. � 1,� � � � J X .R� {f _... _L� � 1 _____________ ___ x � 165 xATe ar+xt►Io�un � � �I� � � 4 �� 'a er nnat/rsun I)""� N+IhN YpNk A1uI N>w. N' >% —.r- ,. , �: y t�I I b '-�� gC� � bt � ��; ff �i4 �� i � � �. , � $ � �� { t_,; A4, 91 YNiNO�y`Y� IJ � � g � � ,I.y.. � E �� MATCH Llh I have carefully reviewed the HUD -1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of HUD -1 Settlement Statement Sellers: James Eric Lewis, as Personal Representative of the Estate -of Erma L. Lewis, deceased Buyers: Indian River County, a political syl'idi�i,�t�n qf�e State of Florida By: William Ii. DeBraal its Deputy County Attorney Some costs reflected hereon may be based on good faith estimates that require post -closing adjustment. Any variations in actual costs from those reflected hereon that result in overcharges or underchazges not in excess of $25.00 [o any party shall be credited to or debited against closing fees charged by Atlantic Coastal Land Title Company, LLC. Itis further understood, and the parties hereto agree, that all funds received by Atlantic Coastal Land Title Company, LLC may be placed in escrow accounts that may be subject to Overnight Repurchase Agreements between Atlantic Coastal and its depository bank. Interest earned as the result of such agreements, if any, is the property of Atlantic Coastal Land Title Company, LLC. The HUD -1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with this statement Atlantic Coastal Land Title Company, LLC (Settlement Agent) Closing Date: September_, 2011 WARNING: It is a crime to knowingly make false statements to the United States on this or any other similaz form. Penalties upon conviction can include a fine or imprisonment. For details see: Title 18 U. S. 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