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HomeMy WebLinkAbout2010-252 T 4 LEASE AGREEMENT This lease entered into on this 3rd day of January 2011 by the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY , FLORIDA , a political subdivision of the State of Florida , hereinafter called the " Landlord " , and RANDY AND LINDA KURPIL , hereinafter called the " Tenant" , in consideration of the mutual promises and agreements set forth below , hereby agree as follows : WITNESSETH : 1 . PROPERTY AND TERM , The Landlord hereby leases to the Tenant the property situated thereon , located at 4560 67th Avenue , Vero Beach in the County of Indian River , Florida , more particularly described as follows : See Exhibit "A" attached hereto . for a term of eighteen months commencing August 3 , 2010 and terminating on November 1 , 2011 . Since no buildings or improvements are involved , consideration for this lease is included in the purchase price of the property bought by the County . 1 . 1 Extension of Lease . This lease shall not be extended beyond the stated term unless agreed upon in writing , 30 days before expiration of this lease with the approval of the Board of County Commissioners . 1 . 2 Termination of Lease by Tenant . Tenant may opt out of this lease anytime during the lease period by providing written notice to Landlord as such . 2 . USE OF PREMISES . During the term of this Lease , the Tenant shall use the leased premises for uses associated with a private , single family residence , and for no other purpose . Tenant shall not use the premises , or any part thereof, or permit the same to be used for any illegal , immoral , or improper purposes ; not to make , or permit to be made , any disturbance , noise , or annoyance whatsoever detrimental to the premises or the comfort and peace of the inhabitants of the vicinity of the premises . 3 . PROPERTY LEASED " AS IS " . Tenant agrees that the property is being leased " as is " and that Landlord makes no warranty or guarantee of the condition of the property or any of the improvements . Tenant has examined the premises and has determined that the premises are suitable for Tenant ' s purposes . 4 . COMPLIANCE OF LAW . Tenant shall comply with all of the laws , rules , ordinances , and regulations of the County , State and Federal Governments , and 1 agencies regarding the use of the leased premises . Violation of any law , rule , ordinance or regulation may result in immediate termination of this lease . 5 . MAINTENANCE AND REPAIRS . The Tenant agrees to make any and all repairs and improvements to the leased premises and agrees to keep said premises in a safe , clean and attractive condition during the term of this Lease . Upon the expiration of the Lease , the Tenant shall surrender the premises quietly and peaceably in substantially the same condition as it was at the outset of this Lease , reasonable wear and tear and damage by the elements excepted . 6 . HOLD HARMLESS . The Tenant agrees to hold harmless and indemnify Landlord from any liability which may arise from the Tenant ' s use of the leased property . 7 . INSURANCE : The Tenant shall carry the following insurance coverage and shall furnish the Landlord a certificate of said coverage . 7 . 1 INSURANCE : Tenant agrees to keep and maintain at all time during the lease term , at Tenant ' s expense , an insurance protecting Landlord against damage to the part taken , and a general liability policy protecting Landlord against all claims and demands that may arise or be claimed on account of Tenant ' s use of the premises in an amount of at least $ 100 , 000 . 00 for individual injuries and $ 200 , 000 . 00 per occurrence . The policy shall be written by a carrier licensed to do business in Florida . 7 . 2 SPECIAL REQUIREMENTS : Ten days prior to the commencement of tenancy , a certificate of insurance shall be provided to the Risk Manager for review and approval . The certificate shall provide for the following : Indian River County shall be named as an "Additional Insured " on the general liability policy . Indian River County will be given thirty ( 30 ) days ' notice prior to cancellation or modification of any stipulated insurance . Such notice shall be in writing by certified mail , return receipt requested , and addressed to the Risk Manager . 8 . MAINTENANCE . Tenant agrees to mow grass and maintain the landscaping and shrubbery . 9 . RIGHT TO INSPECT . The Landlord may inspect the leased premises at all reasonable hours to insure the premises is being properly maintained and kept in good condition . 10 . ATTORNEY ' S FEES AND COSTS . In the event there arises any dispute or litigation over the terms and conditions of this Lease , the prevailing party shall be entitled to all attorney ' s fees , costs and suit money expended to resolve that dispute . 11 . NOTICE . Any notices which are required , or which either party may desire to serve upon the other , shall be in writing and shall be deemed served when hand 2 a delivered , or when actually received via U . S . Mail , postage prepaid , return receipt requested , addressed to Tenant at : Randy and Linda Kurpil 456067 th Avenue , Vero Beach Vero Beach , Florida 32967 Such notices to Landlord shall be addressed as follows : Board of County Commissioners of Indian River County Attention : Public Works Director 1801 27th Street Vero Beach , Florida 32960 These addresses may be changed by either party by providing written notification to the other . 12 . VIOLATION OF TERMS OF LEASE . If Tenant violates any of the covenants and conditions of this lease , then the Tenant shall become a Tenant at Sufferance , and in the event Tenant is evicted by suit at law , Tenant agrees to pay to Landlord all costs of such suit including a reasonable attorney ' s fee ; that no assent , expressed or implied , to any breach of one or more of the covenants and agreements shall be deemed to be a waiver of any succeeding or other breach . IN WITNESS WHEREOF , we , the Landlord and Tenant , hereunto affixed our hands and seals at Vero Beach , Indian River County , Florida , the day and year first above written . BOARD OF COUNTY COMMISSIONERS `°®$��'Y`p • OF INDIAN RIVER COUNTY , FLORIDA Quo S8 ° 0 0 °o ° T o o p U o o $ By • ,° Peter D . O ' Bryan , ChairOian ATTEST : ° , �'°: ° ' °°°° BCC Approved on October 12 , 2010 By : Je frey K . Barton Clerk of Court By : Witnessed by : Randy K rpil signature : �w ° printed namr: c, A, t h v signature : ` inda Kurpil printed name : j8\*\.1 3 is•; / / SKETCH TO ACCOMPANY .DESCRIPT1'ON . THIS IS NOT A SURVEY! LWATION MAF: N01 to s:cALE 14 618 _r i e, 151 -- n Io "OWNERS : - --P RANDY AND LINDA KURPfL d I sa . [SiteVw t�ipi t1 L R-IngVCROGIFFORd e , 145t 5. . . DELIMITED ARE' 2bI' 25 41 tH `%S Gif (ir. 27 , Ireyr 6. 29 13ortj.er Artt� IE OPAL �DESORIPTIOM . Ri4RCEL 1 fi 6 8 RNP ,A POSITION OF LOT 3 , , LATERAL 'A ' 5UBDWSION , P, D , , ACCbRD1NG TO THE PLAT' THEREOF, AS RECORDED ' IN PLAT BbOk 154 PAGES ° 1 AND 1 :A, PUBLIC 'R.EC;ORbS; : JPDIAN RIVER COUNTY, FLORIDA, BEING MORE IPARTIGULARLY MCRIBEb- A5 f7OLLOWS; BEGIN A? THE POINT OF INTER5WTI0N OF THE SOUTH LINE_ : 'F SAID LOT :2 AND THE W85T LINE OF A DEDIG'ATED RIGHT OF—WADI, 10:00 FEETAN WIpTH, PER SAID, PI T , OF IAT RAL `A' SU$ DIV.JSION, P D . T. t. , -II NdRTH as ' 51 "47 " WEST, ALONr; SAID , iDUTH LINE', A :C115TANGE dF: i 07, . 35 FEEfi; THENCE h10RTW 01' 24'33" EAST, A bl $Ti4IJCE OF 239 , 80 FEET ; THENCE NORTH OO'Q8'41 " EAST, ALONG A LINE . 1. 12 .00 FE f Ikl 7 OF SAS MEASUREb AT RIGHT ANGLE€) AND' PARAL1E.L WITH TI.HE . EAST Lt . E OF SAID LUT QISTAN OF 71', dG FEET TO q POINT ON THE NORTH LINE; OF SA1D :LOT° 3;: THENCE SOlJ7H 864;8,1 ' 47" dL.QNG SAID NORTH LINE, . A DISTANCE .OF 1O'1 .00 FEE�f; AMID w8OUTH i__ 't S ` 1.0 '` `wE57, ALONG SAID WEST LINE , A RISTANCE QF 31 1 ,:2p FEET `TO Tfi POINT ;OF HEGINNJNC , CONTAINING 034 :ACRES , MORE :;OR LESS . CEgeeTfnGAnom I , H ] REBY .CERTIFY THAT THE DESCRIPTION AND ATTACHE D SKETCH OF ;DESORiPTION WERE PREPARED 1N ACGORbANCE 1V(tH THE SURVEYING `yTANDARR� ; CHAPTER 61G17 =6 , 'FLfihIRA AD�IINISiFRAIVE �iODE, : AS . SET FORTH 9Y THE FLORIDA BOARD OF PRTIFES5fONAL SURVEYORS MAPPERS; .PUR5UANT TO SECTION,, 472 027, FLO910A'S.TATUTES„ AND Is; TRITE, AND CORRECT T() '1NI BEST- OF MY kNOWLEOG�E ANl? BES TEF; UNLESS IT liFiftS THE SIGNATURE :AND TFIE ORICtNAL RA15E0 SEAL OF A FLaRID'A LICENSED SURVEYOR AND . MAPPER, : 7Hi5 LEbAle bliSCRIPTIO'N AND SKETCH • IS FOR INFORMA .IONAL :PURPOSES! ONLY ' :AND IS NOT 'VALID. NOTE 7H►S I$' NOT A SKETCH OF :SURVEY,; 8lIT .ONLY A GRAPHIC DEP1b110N OF THE •DESCRIPTION. SHOWN HEREON. . THERE HAS HEEW NO HELD 'WORK, VIEWING . OF THE PERRY C: WHITE WITH) THE: p TION r , 1N Os ATION SO 0WN SON PIiOFE5510hIAL NAND SURVEYOR AND hIAPPER FIEREON, NOTE LANDS SHOWN HEREON WERE NOT LICENSE N0, 4213 , STATE OF FLORIDA ABSTRACTEb "POP, :aE$TRICTIONS , RIGHTS .bf-TYAY AND OATS: 12/6/06 REV i -22 =Q7 . 13EJ EASEMENTS, •OF :REGARD.. a " d APROJECT WAGER QEpm? � 'U ER SCALE CHEGKEO: EH S PC'b . PC4q I ' 8Q' PCS4 D1 tv 51ffCT TffLE °4TE QAAyM. BY, P/OM Bto , of ADDITIONAL R/1V PROJECT NUMBER bRA— 1 G W49CA ' 2081 Pa waY Tel: (b81):697.7000 fax; (561) G91.7751 WPOO1053 Qu YJenFpegn Bead a Flutda'33411 wwr w.a"rcndlvw;wm SHEET 1 or 2 SKETCH TO ACCOMPANY DES-•RIPTION . THIS, I $ NOTA 'S.U. RVEY ! EXHIBIT "':A' 130' LATERAL *I CANAL INbIAN RIVER. :FARMS CO. PLAT .OF LANDS Q PIA 2 , P64 s25 E¢ST 'LINE OF SE.GTION 19 -..32 =39 �- 'POINT Qr INTERSFGTION OF •SOUTH LINE OF LOT 3 AND 'WEST .Rj LINE= EAST LINE 'OP LOT 3 WEST LINE OF 10' R/W: PER PLAT OF QF IAT, I�I}L "A` _ -"'- ---- LATERAL ' Q' S08DIVI510N P. D . $1A 285.+81 . OFFSET' 1 �3 ; Q0 R ' 3a 1 .30'.Gl' 661„� AVENUE STAB 262 + 70:63: - (t, Rs 6 t OFFSET: 2 4 . 35 I FS0'0'Q8 � 0 :11 , 2D' a. a a' 266+ 0 � _ .264OQ.. s 1. 0' I7/W PER > F 5 � ' � :6 toaa . o w0. to LATEf2AL A SUBOIVISIbN, Vis .. :f r'? . LYS nv 23 1 M ti 10 LA-E . PER. PLAT OF o w 'p M `n "' : E LATERAL "A" SUBDIVISION , :RD . N n o v `�' g o J P B 15 PG 1 , LR.C.R W looO . o i `�. ULTIMATE WET' O/W` LINE r� «5'rn `. crcsq ,— + ; . Li N LATER AL "A° S .OBD1y1510N, P. D. w t;�I;o z, o OWNERS : RANDY AFID LINDA KUf�PII � � z 4'580 67th A NUE _ z VLRO BEACH, FL ., X29.67 SCALA 1 " 80' PID . 32-3�919_D,:0002C�OQg00003 . 0 p O . R. B . 15Q, PG... 28. LEC,ENO' 208 . 711" Dt?IdWENCEMIt-W �. P.Q B . -- POIO OF AEGINNING ,� ' I P. B. - PLAT B0'6K , o': I .PG.,. - PAGE "' SL,C(. R: - ST. =LUGIE COUNTY :REGOR6S 3`11 .20 ' PROJECT IMAGER 1.00MIM7 1KAu R SCALL CHECKED 8i PC4i PCtig' t '8O' PC41 . p � �y y� St ARn slat TITLE' DATE OWN DY Di CA, o 126%06 BEJ I RCAD,IS+ U. 8 , ( ne , � _ADDITIONAL R/W PROJECT MI6{DER D. WWG . WiIDER 2061 VIsFS'Qadwey Tel;(SBt) 697 iDQD Fez: (561 ) 691.7761 WPOO1 Ds3 1053SD �:6 p Wesl Palm Beach;Fb il.03' 111 w io�codls us,c m SHEET 2 o2 2083496 THIS DOCUMENT HAS BEEN RECORDED IN THE PUBLIC RECORDS OF INDIAN RIVER COUNTY FL BK : 2437 PG1619 . Pagel of 2 Prepared by and return to : 08110!2010 at 11 ' 54 AM , DOC STAMPS D Ralph L . Evans c?3n nn Attorney at Law JEFFREY K SARTON , CLERK OF COURT Stewart, Evans , Stewart & Emmons, P .A. 3355 Ocean Drive Vero Beach , FL 32963 772-231 -3500 Deed : $ 18 . 50 Pile Number: 13138 Doc Stamps : $ 330 . 40 Will Call No . : 80 Total : $ 348 . 90 [Space Above This Line For Recording Data] Warranty Deed This Warranty Deed made this 3rd day of August, 2010 between Randy Kurpil and Linda Kurpil , husband and wife whose post office address is 4560 67th Avenue, Vero Beach , FL 32967, grantor, and Indian River County, a Political Subdivision of the State of Florida whose post office address is 1801 27th Street, Vero Beach , FL 32960 , grantee : (Whenever used herein the terms " grantor" and " grantee " include all the parties to this instrument and the heirs, legal representatives, and assigns of individuals, and the successors and assigns of corporations , trusts and trustees) Witnesseth, that said grantor, for and in consideration of the sum of TEN AND NO/ 100 DOLLARS ($ 10 . 00) and other good and valuable considerations to said grantor in hand paid by said grantee , the receipt whereof is hereby acknowledged , has granted, bargained , and sold to the said grantee , and grantee' s heirs and assigns forever, the following described land, situate, lying and being in Indian River County, Florida to-wit : Being a portion of Lot 3 , Lateral " A " Subdivision , P . D . , according to the Plat thereof, as recorded in Plat Book 15 , Page 1 and 1A, Public Records of Indian River County, Florida , being more particularly described as follows : Begin at the Point of Intersection of the South line of said Lot 22and the West line of a dedicated Right of Way ; 10 . 00 feet in width per said'Plat of Lateral " A " Subdivision , P.D . ; thence North 89 degrees 51 ' 47 " West, along said South line a distance of 107. 35 feet ; thence North 01 degrees 24 ' 33 " East, a distance of 239 . 80 feet; thence North 00 degrees 08 ' 41. " East along a line 112 . 00 feet West of (as measured at right angles) and parallel with the East line of said Lot 3 , a distance of 71 . 46 feet to a point on the North line of said Lot 3 ; thence South 89 degrees 51 ' 47 " East , along said North line, a distance of 102 . 00 feet ; thence South 00 degrees 08 ' 10 " West, along said West line, a distance of 311 . 20 feet to the Point of Beginning, Containing 0 . 74 acres , more or less . Parcel Identification Number : Subject to easements , reservations , restrictions and right- of-way of record , and taxes accruing subsequent to December 31 , 2009 . Together with all the tenements , hereditaments and appurtenances thereto belonging or in anywise appertaining . To Have and to hold , the same in fee simple forever. DoubleTime® Q K And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple ; that the grantor has good right and lawful authority to sell and convey said land ; that the grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances, except taxes accruing subsequent to December 31 , 2009 . In Witness Whereof, grantor has hereunto set grantor's hand and seal the day and year first above written . Signed, sealed and delivered in our presence : i t ` eal) it ess Name : Randy Kurpil lUl/ ( Seal) Witness arae : ,/ FOP 0 ' Linda urpil State of Florida County of Indian River The foregoing instrument was acknowledged before me this 3rd day of August, 2010 by Randy Kurpil and Linda Kurpil , who [_] are personally known or [X] have produced a driver's license as identification . [Notary Seal] Nota y Public �avvvvveeoaoaeevevavvvvaaovaoevveavvvavovaeveam JESSICAA. LUMLEY e �. �?'��., 2:omm# DD�102T9 ? Printed Name : Jessica A Lumley Expires 10/30/2010 -o; � rt ;. Ftoddallotc+ryAmn., Inco My Commission Expires : October 30 , 2010 I'.caia a9Yvaa a atl ao a e a a oo as a s a a ago a a a a as ao a a e a aa0 Warranty Deed - Page 2 DoubleTime® y it FJ 2094673 THIS DOCUMENT HAS BEEN RECORDED IN THE PUBLIC RECORDS OF INDIAN RIVER COUNTY FL BK: 2449 PG : 1502 , Pagel of 2 10/05/2010 at 02 : 15 PM , D DOCTAX PD Prepared by and return to: $0 . 70 Ralph L. Evans Attorney at Law JEFFREY K BARTON , CLERK OF COURT Stewart, Evans , Stewart & Emmons, P. A . 3355 Ocean Drive Vero Beach , FL 32963 772- 231 -3500 Deed : $ 18 . 50 File Number : 13138 Doc Stamps : $ . 70 Will Call No . : 80 Total : $ 19 . 20 [Space Above This Line For Recording Data] Corrective Warranty Deed This Corrective Warranty Deed is being recorded to correct the Lot reference in the legal description . This Warranty Deed made this LQ of September, 2010 between Randy Kurpil and Linda Kurpil , husband and wife whose post office address is 4560 67th Avenue , Vero Beach , FL 32967 , grantor, and Indian River County , a Political Subdivision of the State of Florida whose post office address is 1801 27th Street, Vero Beach , FL 32960 , grantee : ( Whenever used herein the terms " grantor" and "grantee " include all the parties to this instrument and the heirs , legal representatives , and assigns of individuals, and the successors and assigns of corporations , trusts and trustees) Witnesseth , that said grantor, for and in consideration of the sum of TEN AND NO/ 100 DOLLARS ($ 10 . 00 ) and other good and valuable considerations to said grantor in hand paid by said grantee , the receipt whereof is hereby acknowledged , has granted , bargained , and sold to the said grantee , and grantee 's heirs and assigns forever, the following described land , situate, lying and being in Indian River County, Florida to- wit : Being a portion of Lot 3 , Lateral " A " Subdivision , P . D . , according to the Plat thereof, as recorded in Plat Book 15 , Page 1 and 1A, Public Records of Indian River County , Florida , being more particularly described as follows : Begin at the Point of Intersection of the South line of said Lot 3 and the West line of a dedicated Right of Way ; 10 . 00 feet in width per said Plat of Lateral " A " Subdivision , P .D . ; thence North 89 degrees 51 ' 47 " West, along said South line a distance of 107.35 feet ; thence North 01 degrees 24 ' 33 " East, a distance of 239 . 80 feet ; thence North 00 degrees 08 ' 41 " East along a line 112 . 00 feet West of (as measured at right angles) and parallel with the East line of said Lot 3 , a distance of 71 . 46 feet to a point on the North line of said Lot 3 ; thence South 89 degrees 51 ' 47 " East, along said North line , a distance of 102 . 00 feet ; thence South 00 degrees 08 ' 10 : West, along said West line , a distance of 311 . 20 feet to the Point of Beginning. Containing 0 . 74 acres , more or less . Parcel Identification Number : Subject to easements , reservations , restrictions and right- of-way of record , and taxes accruing subsequent to December 31 , 2009 . Together with all the tenements , hereditaments and appurtenances thereto belonging or in anywise appertaining . DoubleTimea To Have and to Hold , the same in fee simple forever. And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple ; that the grantor has good right and lawful authority to sell and convey said land ; that the grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances , except taxes accruing subsequent toDeeember 31 , 2009 . In Witness Whereof, grantor has hereunto set grantor' s hand and seal the day and year first above written . Signed , sealed and delivered in our presence : Orn I o ( Seal ) Wit ess Name : Randy Ku tl itness Name : ;;�� � 44 U � ( Seal ) Wit less Name : e> nmr � , /� , / /mow Linda Kurpil j �Vr it ess Name : State of Florida County of Indian River The foregoing instrument was acknowledged before me this ZZh4 day of 10Fhn C2010 by Randy Kurpil , who [_] is personally known or [X] has produced a driver's license as ide ification . [Notary Seal ] !?avvvvfvv�ESSICAALUMLG , WCCCCtYamp Nota Public Comm# DD0610271Is EK;Ires1013012010 p Printed Name : Jessica A Lumley ;•,,. Flod a NctaayAssn., Inc 4 - ..< cvmamamaavaacvmmmsmvammvmmcvamcamafl My Commission Expires : October 30 , 2010 State of Florida County of Indian River The foregoing instrument was acknowledged before me this Za-�J day of2t�, 2010 by Linda Kurpil , who [� is personally known or [X] has produced a driver's license as ide tification . [Notary Seal ] uomvmvnvvvevavveavvvvvvavevvvmvvaamavvvmaavavo Nota Public JESSICAPL LUMLEY Co DD0610271 Printed Name : Jessica A Lumley ystrt a Expires 10/3012010 � . `-'W �'"` Flodeaho?e ^� Assn., Inc aC:,a Ina.. amCoosa cticaaopacampcaa aaa a comma coma 0'2 My Commission Expires : October 30 , 2010 Warranty Deed - Page 2 DoubleTimeo y (American Land Title Association Owner's Policy - 10- 17-92) (With Florida Modifications) Old Republic National Title Insurance Company OWNER 'S TITLE INSURANCE POLICY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPU - LATIONS , OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minne - sota corporation, herein called the Company , insures , as of Date of Policy shown in Schedule A. against loss or damage , not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: 1 . Title to the estate or interest described in Schedule A being vested other than as stated therein ; 2 . Any defect in or lien or encumbrance on the title ; 3 . Unmarketability of the title ; 4 . Lack of a right of access to and from the land . The Company will also pay the costs , attorneys' fees and expenses incurred in defense of the title , as insured, but only to the extent provided in the Conditions and Stipulations . 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 . OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY y A Stock Can:pany `7[" 4T4i C2�.Jr<a Fi18nllB Stilli. MinnBapolils �vf�mpw' ta 5,5Z.? 1540 3714 111 8y A 78Sf SERIAL OPM -8039908 FORM OPM ( rev . 05/ 10 ) File Number: 13138 DoubleTime® 5 . 1 . 6 6 fi Old Republic National Title Insurance Company OWNER 'S POLICY Schedule A Policy No . : Effective Date : Agent's File Reference : OPM - 8039908 August 10 , 2010 @ 11 : 54 AM 13138 Amount of Insurance : 547 , 150 . 00 1 . Name of Insured : Indian River County, Florida, a Political Subdivision of the State of Florida 2 . The estate or interest in the land described herein and which is covered by this policy is a Fee Simple and is at the effective date hereof vested in the named insured as shown by instrument recorded as Document No . 2083496 in Official Records Book 2437 , Page 1619 , of the Public Records of Indian River County , Florida and as Document No . 2094673 in Official Records Book 2449 , Page 1502 , of the Public Records of Indian River County , Florida . 3 . The land referred to in this policy is described as follows : Being a portion of Lot 3 , Lateral " A " Subdivision , P . D . , according to the Plat thereof, as recorded in Plat Book 15 , Page 1 and 1A , Public Records of Indian River County, Florida, being more particularly described as follows : Begin at the Point of Intersection of the South line of said Lot 3 and the West line of a dedicated Right of Way ; 10 . 00 feet in width per said Plat of Lateral " A " Subdivision , P . D . ; thence North 89 degrees 51 ' 47 " West , along said South line a distance of 107 . 35 feet; thence North 01 degrees 24' 33 " East, a distance of 239 . 80 feet ; thence North 00 degrees 08 ' 41 " East along a line 112 . 00 feet West of ( as measured at right angles ) and parallel with the East line of said Lot 3 , a distance of 71 . 46 feet to a point on the North line of said Lot 3 ; thence South 89 degrees 51 ' 47 " East, along said North line, a distance of 102 . 00 feet ; thence South 00 degrees 08 ' 10 : West, along said West line , a distance of 31 1 . 20 feet to the Point of Beginning . Containing 0 . 74 acres , more or less . OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Agent No . : 19769 Issuing Agent : Stewart, Evans , Stewart & Emmons , P . A . 3355 Ocean Drive ,y Vero Beach , FL 32963 Agent' s Signature Ralph L. Evans Attorney at Law Page I of 2 Form OPH SCH. A (rev. 07/09) DoubleTime(? 5 . 1 . 6 Old Republic National 'Title Insurance Company OWNER 'S POLICY Schedule B Policy No . : Agent' s File Reference : OPM - 8039908 13138 This policy does not insure against loss or damage by reason of the following exceptions : I • Taxes for the year of the effective date of this policy and taxes or special assessments which are not shown as existing liens by the public records . 2 . Rights or claims of parties in possession not shown by the public records . 3 . Encroachments , overlaps , boundary line disputes , and any other matters which would be disclosed by an accurate survey and inspection of the premises . 4 . Easements or claims of easements not shown by the public records . 5 A" lien, -or4igE 4o -a4ien,-fer serNti s , labor -e .„ nter-ial " eretefore -&F-hereafter-furnished; imposed -by-law-a++d -net- s,h DELETED A*y adverse ownership Elanm -by -the State - f F ler+da -by -right -ef severe gnty -te -any pof-tion -of-the -lags -i n sin-ec# - hereunder—inslud • n ^ submerged , r ed-and ar�oially exposed-lands, o�uslrlanc�s . DELETED , aui � �s-tea v � � � crbca�rr 7 . All matters contained on the Plat of Lateral " A ” Subdivision , P . D . , as recorded in Plat Book 15 , Page 1 , Public Records of Indian River County , Florida . Page 2 of 2 Form OPM SCH. B (rev. 07/09) DoubleTime® 5 . 1 . 6 b 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 which arise by reason of: 1 . (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i ) the occupancy, use, or enjoyment of the land ; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land ; (iii ) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv ) environmental protection , or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy . (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy . 2 . Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy , but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge . 3 . Defects, liens, encumbrances, adverse claims or other matters : (a) created, suffered, assumed or agreed to by the insured claimant; (b) 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 ; ( c) resulting in no loss or damage to the insured claimant; ( d ) attaching or created subsequent to Date of Policy ; or ( e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy . 4 . Any claim , which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that is based on : ( a) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or (b) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer except where the preferential transfer results from the failure : (i) to timely record the instrument of transfer; or (ii) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. CONDITIONS AND STIPULATIONS 1 . Definition of Terms This policy shall not continue in force in favor of any purchaser from the The following terns when used in this policy mean : insured of either ( i) all estate or interest in the land, or ( ii) all indebtedness (a) " insured " : the insured named in Schedule A, and, subject to any secured by a purchase money mortgage given to the insured . rights or defenses the Company would have had against the named insured , 3 . Notice of Claim To Be Given by Insured Claimant those who succeed to the interest of the named insured by operation of law The insured shall notify the Company promptly in writing ( i) in case of as distinguished from purchase including, but not limited to, heirs, any litigation as set forth in Section 4(a) below, (ii ) in case knowledge distributees, devisees, survivors, personal representatives, next of kin, or shall come to an insured hereunder of any claim of title or interest which corporate or fiduciary successors is adverse to the title to the estate or interest, as insured, and which might ( b) " insured claimant" : an insured claiming loss or damage . cause loss or damage for which the Company may be liable by virtue of ( c) " knowledge " or " known " : actual knowledge, not constructive this policy, or ( iii) if title to the estate or interest, as insured, is rejected as knowledge or notice which may be imputed to an insured by reason of the unmarketable . If prompt notice shall not be given to the Company, then as public records as defined in this policy or any other records which impart to the insured all liability of the Company shall terminate with regard to constructive notice of matters affecting the land . the matter or matters for which prompt notice is required ; provided , (d) " land " : the land described or referred to in Schedule A , and however, that failure to notify the Company shall in no case prejudice the improvements affixed thereto which by law constitute real property The term rights of any insured under this policy unless the Company shall be " land " does not include any property beyond the lines of the area described prejudiced by the failure and then only to the extent of the prejudice . or referred to in Schedule A. or any right, title, interest, estate or easement in 4 . Defense and Prosecution of Actions ; Duty of Insured Claimant abutting streets, roads, avenues, alleys, lanes, ways or waterways, but To Cooperate nothing herein shall modify or limit the extent to which a right of access to (a) Upon written request by the insured and subject to the options and from the land is insured by this policy . contained in Section 6 of these Conditions and Stipulations, the (e) " mortgage " : mortgage, deed of trust, trust deed, or other security Company, at its own cost and without unreasonable delay, shall provide instrument for the defense of an insured in litigation in which any third party asserts a (f) " public records " : records established under state statutes at date of claim adverse to the title or interest as insured , but only as to those stated Policy for the purpose of imparting constructive notice of matters relating to causes of action alleging a defect, lien or encumbrance or other matter real property to purchasers for value and without knowledge . With respect to insured against by this policy . The Company shall have the right to select Section I (a)( iv) of the Exclusions from Coverage, " public records " shall also counsel of its choice (subject to the right of the insured to object for include environmental protection liens filed in the records of the clerk of the reasonable cause) to represent the insured as to those stated causes of United States district court for the district in which the land is located . action and shall not be liable for and will not pay the fees of any other (g) " unmarketability of the title " : an alleged or apparent matter affecting counsel . The Company will not pay any fees, costs or expenses incurred the title to the land , not excluded or excepted from coverage, which would by the insured in the defense of those causes of action which allege entitle a purchaser of the estate or interest described in Schedule A to be matters not insured against by this policy . released from the obligation to purchase by virtue of a contractual condition (b) The Company shall have the right, at its own cost, to institute and requiring the delivery of marketable title . prosecute any action or proceeding or to do any other act which in its 2 . Continuation of Insurance After Conveyance of Title opinion may be necessary or desirable to establish the title to the estate or The coverage of this policy shall continue in force as of Date of Policy in interest, as insured, or to prevent or reduce loss or damage to the insured . favor of an insured only so long as the insured retains an estate or interest in The Company may take any appropriate action under the terms of this the land , or holds an indebtedness secured by a purchase money mortgage policy , whether or not it shall be liable hereunder, and shall not thereby given by a purchaser from the insured , or only so long as the insured shall concede liability or waive any provision of this policy . If the Company have liability by reason of covenants of warranty made by the insured in any shall exercise its rights under this paragraph , it shall do so diligently . transfer or conveyance of the estate or interest. (c) Whenever the Company shall have brought an action or interposed a (i ) to p ay or in the defense as required or permitted by the provisions of this policy, the name of an insured claimant any claimherwiseeinsu ed with againsther � u�nderothis policy, Company may pursue any litigation to final determination by a court of together with any costs, attorneys' fees and expenses incurred by the competent jurisdiction and expressly reserves the right, in its sole discretion, insured claimant which were authorized by the Company up to the time of to appeal from any adverse judgment or order. payment and which the Company is obligated to pay ; or (d) In all cases where this policy permits or requires the Company to ( ii) to pay or otherwise settle with the insured claimant the loss prosecute or provide for the defense of any action or proceeding, the insured or damage provided for under this policy, together with any costs , shall secure to the Company the right to so prosecute or provide defense in attorneys' fees and expenses incurred by the insured claimant which were the action or proceeding, and all appeals therein, and permit the Company to authorized by the Company up to the time of payment and which the use, at its option, the name of the insured for this purpose. Whenever Company is obligated to pay . requested by the Company, the insured, at the Company's expense, shall give Upon the exercise by the Company of either of the options provided for in the Company all reasonable aid (i ) in any action or proceeding, securing paragraphs (b)(i) or (ii ), the Company 's obligations to the insured under evidence, obtaining witnesses, prosecuting or defending the action or this policy for the claimed loss or damage, other than the payments proceeding, or effecting settlement, and (ii ) in any other lawful act which in required to be made, shall terminate, including any liability or obligation the opinion of the Company may be necessary or desirable to establish the to defend, prosecute or continue any litigation . title to the estate or interest as insured . If the Company is prejudiced by the 7. Determination , Extent of Liability and Coinsurance failure of the insured to furnish the required cooperation, the Company ' s This policy is a contract of indemnity against actual monetary loss or obligations to the insured under the policy shall terminate, including any damage sustained or incurred by the insured claimant who has suffered liability or obligation to defend, prosecute, or continue any litigation, with loss or damage by reason of matters insured against by this policy and regard to the matter or matters requiring such cooperation . only to the extent herein described . 5. Proof of Loss or Damage (a) The liability of the Company under this policy shall not exceed In addition to and after the notices required under Section 3 of these the least of: Conditions and Stipulations have been provided the Company, a proof of (i ) the Amount of Insurance stated in Schedule A ; or, loss or damage signed and sworn to by the insured claimant shall be ( ii) the difference between the value of the insured estate or furnished to the Company within 90 days after the insured claimant shall interest as insured and the value of the insured estate or interest subject to ascertain the facts giving rise to the loss or damage. The proof of loss or the defect, lien or encumbrance insured against by this policy . damage shall describe the defect in, or lien or encumbrance on the title, or (h) (This paragraph dealing with Coinsurance was removed frons other matter insured against by this policy which constitutes the basis of loss Florida policies.) or damage and shall state, to the extent possible, the basis of calculating the (c) The Company will pay only those costs, attorneys' fees and amount of the loss or damage. If the Company is prejudiced by the failure of expenses incurred in accordance with Section 4 of these Conditions and the insured claimant to provide the required proof of loss or damage, the Stipulations Company ' s obligations to the insured under the policy shall terminate, S . Apportionment including any liability or obligation to defend, prosecute, or continue any If the land described in Schedule A consists of two or more parcels which litigation, with regard to the matter or matters requiring such proof of loss or are not used as a single site, and a loss is established affecting one or more damage . of the parcels but not all , the loss shall be computed and settled on a pro In addition, the insured claimant may reasonably be required to submit to rata basis as if the amount of insurance under this policy was divided pro examination under oath by any authorized representative of the Company rata as to the value on Date of Policy of each separate parcel to the whole, and shall produce for examination , inspection and copying, at such exclusive of any improvements made subsequent to Date of Policy , unless reasonable times and places as may be designated by any authorized a liability or value has otherwise been agreed upon as to each parcel by representative of the Company, all records, books, ledgers, checks, the Company and the insured at the time of the issuance of this policy and correspondence and memoranda, whether bearing a date before or after Date shown by an express statement or by an endorsement attached to this of policy, which reasonably pertain to the loss or damage . Further, if policy . requested by any authorized representative of the Company, the insured 9. Limitation of Liability claimant shall grant its permission, in writing, for any authorized (a) If the Company establishes the title, or removes the alleged representative of the Company to examine, inspect and copy all records, defect, lien or encumbrance, or cures the lack of a right of access to or books, ledgers, checks, correspondence and memoranda in the custody or from the land , or cures the claim of unmarketability of title, all as insured , control of a third party, which reasonably pertain to the loss or damage . All in a reasonably diligent manner by any method , including litigation and information designated as confidential by the insured claimant provided to the completion of any appeals therefrom, it shall have fully performed its the Company pursuant to this Section shall not be disclosed to others unless, obligations with respect to that matter and shall not be liable for any loss in the reasonable judgment of the Company, it is necessary in the or damage caused thereby . administration of the claim . Failure of the insured claimant to submit for (b) In the event of any litigation, including litigation by the Company examination under oath, produce other reasonably requested information or or with the Company' s consent, the Company shall have no liability for grant permission to secure reasonably necessary information from third loss or damage until there has been a final determination by a court of parties as required in this paragraph shall terminate any liability of the competent jurisdiction , and disposition of all appeals therefrom , adverse Company under this policy as to that claim . to the title as insured . 6. Options To Pay or Otherwise Settle Claims ; Termination of (c) The company shall not be liable for loss or damage to any insured Liability for liability voluntarily assumed by the insured in settling any claim or In case of a claim under this policy, the Company shall have the following suit without the prior written consent of the Company . additional options : 10. Reduction of Insurance ; Reduction or Termination of Liability (a) To Pay or Tender Payment of the Amount of Insurance. All payments under this policy, except payments made for costs, To pay or tender payment of the amount of insurance under this policy attorneys' fees and expenses, shall reduce the amount of the insurance pro together with any costs, attorneys' fees and expenses incurred by the insured tanto . claimant, which were authorized by the Company, up to the time of payment 11 . Liability Noncumulative or tender of payment and which the Company is obligated to pay . It is expressly understood that the amount of insurance under this Upon the exercise by the Company of this option , all liability and policy shall be reduced by any amount the Company may pay under any obligations to the insured under this policy, other than to make the payment policy insuring a mortgage to which exception is taken in Schedule 13 or required , shall terminate, including any liability or obligation to defend , to which the insured has agreed , assumed , or taken subject, or which is prosecute, or continue any litigation, and the policy shall be surrendered to hereafter executed by an insured and which is a charge or lien on the the Company for cancellation . estate or interest described or referred to in Schedule A, and the amount (b) To Pay or Otherwise Settle With Parties Other than the Insured so paid shall be deemed a payment under this policy to the insured owner. or With the Insured Claimant. 12 . Payment of Loss 14 . Arbitration (a) No payment shall be made without producing this policy for Unless prohibited by applicable law, arbitration pursuant to the Title endorsement of the payment unless the policy has been lost or destroyed, in Insurance Arbitration Rules of the American Arbitration Association which case proof of loss or destruction shall be furnished to the satisfaction may be demanded if agreed to by both the Company and the insured of the Company . Arbitrable matters may include, but are not limited to, any controversy (b) When liability and the extent of loss or damage has been definitely or claim between the Company and the insured arising out of or fixed in accordance with these Conditions and Stipulations, the loss or relating to this policy, and service of the Company ill connection with damage shall be payable within 30 days thereafter. its issuance or the breach of a policy provision: or other obligation. 13 . Subrogation Upon Payment or Settlement Arbitration pursuant to this policy and under the Rules in effect oil the (a) The Company ' s Right of Subrogation . date the demand for arbitration is made or, at the option of the insured, Whenever the Company shall have settled and paid a claim under this the Rules in effect at Date of Policy shall be binding upon the parties. policy , all right of subrogation shall vest in the Company unaffected by any The award may include attorneys ' fees only if the laws of the slate in act of the insured claimant. which the land is located permit a court to award attorneys ' fees to a The Company shall be subrogated to and be entitled to all rights and prevailing party. Judgment upon the award rendered by the remedies which the insured claimant would have had against any person or Arbitrator(s) may be entered in any court having jurisdiction thereof. property in respect to the claim had this policy not been issued . If requested The law of the situs of the land shall apply to an arbitration under the by the Company, the insured claimant shall transfer to the Company all Title insurance Arbitration Rules . rights and remedies against any person or property necessary in order to A copy of the Rules may be obtained from the Company upon request. perfect this right of subrogation . The insured claimant shall permit the 15. Liability Limited to this Policy ; Policy Entire Contract Company to sue, compromise or settle in the name of the insured claimant (a) This policy together with all endorsements, if any, attached hereto and to use the name of the insured claimant in any transaction or litigation by the Company is the entire policy and contract between the insured and involving these rights or remedies. the Company . In interpreting any provision of this policy , this policy shall If a payment on account of a claim does not fully cover the loss of the be construed as a whole . insured claimant, the Company shall be subrogated to these rights and ( b ) Any claim of loss or damage, whether or not based on remedies in the proportion which the Company' s payment bears to the whole negligence, and which arises out of the status of the title to the estate or amount of the loss. interest covered hereby or by any action asserting such claim, shall be if loss should result from any act of the insured claimant, as stated above, restricted to this policy . that act shall not void this policy , but the Company, in that event, shall be (c) No amendment of or endorsement to this policy can be made required to pay only that part of any losses insured against by this policy except by a writing endorsed hereon or attached hereto signed by either which shall exceed the amount, if any, lost to the Company by reason of the the President, a Vice President, or Agent of the Company . impairment by the insured claimant of the Company' s right of subrogation . 16. Severability (b) The Company ' s Rights Against Non -insured Obligors . In the event any provision of the policy is held invalid or unenforceable The Company 's right of subrogation against non- insured obligors shall exist under applicable law, the policy shall be deemed not to include that and shall include, without limitation , the rights of the insured to indemnities, provision and all other provisions shall remain in full force and effect. guaranties, other policies of insurance or bonds, notwithstanding any terms 17. Notices , Where Sent or conditions contained in those instruments which provide for subrogation All notices required to be given the Company and any statement in rights by reason of this policy . writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company at its principal office at 400 Second Avenue South, Minneopolis, Minnesota 55401 , (612) 371 - llll . ._................................_............................__............................................................_......__.._._........__._.......................................-.... _._...._.-.........._........__...._..................._ _..._............................_.._._..................... _... _. (n O _ (n 0 Olt 0n rte. ;f O O fD 1A+ • 0 (J) a