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HomeMy WebLinkAbout2016-134 ORIGINAL , AGREEMENT TO PURCHASE, SELL, AND LEASE REAL ESTATE A016 BETWEEN INDIAN RIVER COUNTY AND j MICHAEL STALLER THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 13 day of sentember , 2016, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and Michael Staller, ("the Seller) who agree as follows: WHEREAS, Seller owns property located at 2605 52nd Avenue,Vero Beach, Florida 32966. A legal description of the property is attached to this agreement as Exhibit"A"and incorporated by reference herein; and WHEREAS, the County is purchasing right-of-way for the future expansion of 26th Street; and WHEREAS, in order to proceed with road expansion plans, the County needs to purchase property to be used as right-of-way from landowners adjacent to 26th Street; and WHEREAS, the County was contacted by the Seller to purchase the parcel of approximately 0.36 acres of property as depicted on Exhibit "A", and WHEREAS, the County is currently purchasing property/right-of-way from willing sellers; and 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 County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this Agreement that certain parcel of real property located at 2605 52nd Avenue, Vero Beach, Florida and more specifically described in the legal description attached as ' Exhibit "A", fee simple, containing approximately 0.36 acres, all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property"). I 2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $167,000.00 (One Hundred and Sixty-Seven Thousand and 00/100 Dollars). The Purchase Price 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 I 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 F•\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc 1 1 1 I ORIGINAL to 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 Title 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"). Seller shall use best efforts to cure the defects within the Curative Period and if the title defects are not cured within the Curative Period, County shall have thirty (30) days from the end 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, Seller 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. 4.3.1 There are no existing or pending special assessments affecting the Property,which are or may be assessed by any governmental authority, water or sewer authority, school district, drainage 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 written notice 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 specific performance, damages, or otherwise against the County; or (ii) waive the County's default and proceed to Closing. I F-\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc i ORIGINAL 5.2 In the event the Seller shall fail to perform 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: E 6. Closing. 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 i the Board of County Commissioners. 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. i (b) The Seller shall have removed all of its personal property and equipment from the E 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. 1 (d) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the County an affidavit, in a form acceptable to the County, certifying that the Seller and any interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980. i (e) The Seller and the County shall each deliver to the other such other documents or instruments as may reasonably be required to close this transaction. I 6.2 Taxes. All taxes and special assessments which are a lien upon the property on or prior to the Closing Date (except current taxes which are not yet due and payable) shall be paid by the Seller. 7. Closing Costs; Expenses. County shall be responsible for preparation of all Closing E documents. 7.1 County shall pay the following expenses at Closing: E i t s F-\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc ` , I s ORIGINAL 7.1.1 The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement. 7.1.2 Documentary Stamps required to be affixed to the warranty deed. !' 7.1.3 All costs and premiums for the owner's marketability title insurance commitment and ' policy, if any. 7.2 Seller shall pay the following expenses at or prior to Closing: 7.2.1 All costs necessary to cure title defect(s) or encumbrances, other than the Permitted Exceptions, and to satisfy or release of record all existing mortgages, liens or ; encumbrances upon the Property. 8. Miscellaneous. i 8.1 Controlling Law. 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 Condemnation. In the event that all or any part of the Property shall be acquired or condemned for any public or quasi-public use or purpose, or if any acquisition or condemnation proceedings shall be threatened or begun prior to the Closing of this ' transaction, County shall have the option to either terminate this Agreement, and the obligations of all parties hereunder shall cease, or to proceed, subject to all other terms, covenants, conditions, representations and warranties of this Agreement,to the Closing of the transaction contemplated hereby and receive title to the Property; receiving, however, any and all damages, awards or other compensation arising from or attributable to such acquisition or condemnation proceedings. County shall have the right to participate in any such proceedings. , I 8.3 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 matter hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties. 8.4 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. s I I i i s F:\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15 16.doc I i ORIGINAL I 8.5 Notices. Any notice shall be deemed duly served if personally served or if mailed by i certified mail, return receipt requested, or if sent via"overnight"courier service or facsimile transmission, as follows: If to Seller: Michael Staller 2148 Buena Vista Blvd Vero Beach, FL 32960 If to County: Indian River County 1801 27th Street Vero Beach, FL. 32960 Attn: Land Acquisition/Monique Filipiak I Either party may change the information above by giving written notice of such change as provided in this paragraph. 8.6 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 parties hereto are made solely for the benefit of, and may be relied on only by the other party hereto, its successors i and assigns, and are not made for the benefit of, nor may they be relied upon, by any other I person whatsoever. 8.7 Attorney's Fees and Costs. In any claim or controversy arising out of or relating to this Agreement, each party shall bear its own attorney's fees, costs, and expenses. 8.8. Counterparts. This Agreement may be executed in two or more counterparts, each one of which shall constitute an original. 8.9. County Approval Required: This Agreement is subject to approval by the Indian River County as set forth in paragraph 2. 8.10 Beneficial Interest Disclosure: In the event Seller is a partnership, limited partnership, corporation, trust, or any form of representative capacity whatsoever for j others, Seller shall provide a fully completed, executed, and sworn beneficial interest disclosure statement in the form attached to this Agreement as an exhibit that complies r with all of the provisions of Florida Statutes Section 286.23 prior to approval of this Agreement by the County. However, pursuant to Florida Statutes Section 286.23 (3) (a), the beneficial interest in any entity registered with the Federal Securities and Exchange Commission, or registered pursuant to Chapter 517, Florida Statutes,whose interest is for sale to the general public, is exempt from disclosure; and where the Seller is a non-public entity, that Seller is not required to disclose persons or entities holding less than five (5%) percent of the beneficial interest in Seller. i F:\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc I i ORIGINAL � I I IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above. t INDIAN RIVER COUNTY, FLORIDA f BOARD OF COUNTY COMMISSIONERS �2� p►.w..rw p• E .. Seo Bob Solari, Chairman ,r' is del Staller Date i Approved by BCC september `?4� �°�%• ` ATTEST: Jeffrey R. Smith, erk of Cou nd omptroller By: 10, i D uty bellk i Approve Jason E. Br n, County Administrator i Approved as to Form and Lego Sufficiency: I �.. County Attor ,;ey i i F,\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc I j i i ORIGINAL i EXHIBIT "A" I ODGERTO"SUB _ l BLK CLOT 1 1 PBI 3-49 i Commonly known as: 2605 52nd Avenue, Vero Beach, FL 32966 Parcel ID Number: 32-39-33-00003-0003-00001.0 I 1 I I I I F:\Engineering\Monique Filipiak\2605 52nd Ave-Michael Staller\IRC Purchase Contract Michael Staller 08.15.16.doc i 1 3120160059602 RECORDED IN THE RECORDS OF JEFFREY R.SMITH,CLERK OF CIRCUIT COURT INDIAN RIVER CO FL BK: 2973 PG: 1959,10/20/2016 8:43 AM D DOCTAX PD$1,169.00 This Instrument Prepared by and Return to: Jason Beal Atlantic Coastal Land Title Company,LLC 855 21st Street,Suite C Vero Beach,Florida 32960 Our File No.:46082685 Property Appraisers Parcel Identification(Folio)Number:32-39.33-00003-0003-00001/0 Florida Documentary Stamps in the amount of$1,169.00 have been paid hereon. Space above this line for Recording Data WARRANTY DEED THIS WARRANTY DEED, made the day of October,2016,by Michael Staller,a married man, whose 1 post office address is 2148 Buena Vista Boulevard, Vero Beach, Florida 32960, herein called the Grantor, to Indian River County,a Political Subdivision of The State of Florida, whose post office address is 1801 27th Street,Vero Beach,Florida 32960,hereinafter called the Grantee: h terns "Grantor" and "Grantee" include all the parties to this instrument and the heirs, legal (Wherever used herein the Pa 8 representatives and assigns of individuals,and the successors and assigns of corporations) W I T N E S S E T H:That the Grantor,for and in consideration of the sum of Ten and 00/100($10.00)and other i valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee all that certain land situate in INDIAN RIVER County, State of Florida,viz.: Lot 1,Block C, DODGERTOWN SUBDIVISION, according to the Plat thereof,as recorded in Plat Book 3,at Page 49,of the Public Records of Indian River County,Florida. The Grantor herein warrants and avers that Grantor does not reside on the lands conveyed hereby, nor on contiguous land; nor does any member of Grantor's family dependent upon Grantor for support. Subject to easements, restrictions and reservations of record and taxes for the year 2016 and thereafter. 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. 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,and hereby 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 31,2015. File No.:46082685 Lh BK: 2973 PG: 1960 t t IN WITNESS WHEREOF, the said Grantor has signed and sealed these presents the day and year first above written. Sign ea ed and deliymd in a presence of: s i e f 1 me (Seat) , Mi ael Staller r I ess It re ` b Witness#2 Pri am State of Florida County of Indian River T swment was acknowledged before me this�day of October,2016,by Michael Staller who is pers Wally kno n to a or has produced as identification. N Public Printed Notary Name My Commission Expires: 'U""'' JASON A.SEAL e`�= Notary Public•Slate of Florida Commission#GG 017550 'sn. V',.= My Comm Expires Oct 11,2020 "• 9nn-i,--hm,igh NaMnat Notary Assn i File No.:46082685 L7F Schedule A OWNER'S POLICY Issued by Old Republic National Title Insurance Company 400 Second Avenue South * * Minneapolis, MN 55401-2499 * * (612) 371-1111 File No.:46082685 Policy No.:OXFL-08531370 Address Reference:2605 52nd Avenue,Vero Beach, Florida 32966 Amount of Insurance:$167,000.00 Premium:$910.00 Date of Policy- 10/20/2016 @ 8:43 AM 1. Name of Insured: Indian River County,a Political Subdivision of The State of Florida 2. The estate or interest in the Land that is insured by this policy is a Fee Simple. 3. Title is vested in: Indian River County,a Political Subdivision of The State of Florida. 4 The land referred to in this policy is described as follows: Lot 1, Block C, DODGERTOWN SUBDIVISION, according to the Plat thereof,as recorded in Plat Book 39 at Page 49,of the Public Records of Indian River County, Florida. Old Republic National Title Insurance Company Atlantic Coastal Land Title Company, LLC 400 Second Avenue South,Minneapolis,Minnesota,55401(612)371-1111 l Authorized Signatory ORT Form 4309 FL A Schedule A for ALTA Owners Policy of Title Insurance 6-17-06 Agent File No.•46082685 1 t OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY OWNER'S POLICY Schedule B File No.:46082685 Policy No.:OXFL-08531370 This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: 1. 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 on the Land of existing improvements located on adjoining land 2. Rights or claims of parties in possession. 3. Construction, Mechanic's, Contractors' or Materialmen's lien claims, if any, where no notice thereof appears of record. 4. Easements, or claims of easements, not recorded in the Public Records. 5. General or special taxes for the year 2016 and subsequent years. 6. Restrictions, reservations and limitations, according to that certain instrument recorded in O. R. Book 141, at Page 229. 7. Easement(s) for utility and drainage purposes over a strip of land 5 feet wide along the rear lot line(s) of the land to be insured hereby, as shown or reserved on Plat of Subdivision recorded in Plat Book 3, at Page 49. 8. The policy to be issued in accordance with this commitment will 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. i ORT Form 4309 for ALTA Owners Policy of Title Insurance 6-17-06 Agent File No. 46082685 OWNER'S POLICY OF TITLE INSURANCE (with Florida Modifications) * Policy Number OXFL-08531370 File Number: 46082685 ** ** 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 Florida 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 (a)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 by law; (v)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 by law;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 (a)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 855 21ST STREET,STE C OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CENTERSTATE BANK BLDG,2ND FLR AStockCompany VERO BEACH,FL 32960 PHONE:(772)569-4364 400 Second Avenue South,Minneapolis,Minnesota 55401 / (612)371-1111 By - President Authorized Officer or Licensed Agent ORT Form 4309 FL �[,a_c��n/ ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Attest �� _I Secretary 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. B.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 (a)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 (b)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 (i)to be timely,or (ii)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 (b)not Known to the Company,not recorded in the Public this policy,and the Company will not pay loss or damage,costs, Records at Date of Policy,but Known to the Insured Claimant attorneys'fees,or expenses that arise by reason of: and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an 1. (a)Any law,ordinance,permit,or governmental regulation Insured under this policy; (including those relating to building and zoning)restricting, (c)resulting in no loss or damage to the Insured Claimant; regulating,prohibiting,or relating to (d)attaching or created subsequent to Date of Policy;or (e)resulting in loss or damage that would not have been (i)the occupancy,use,or enjoyment of the Land; sustained if the Insured Claimant had paid value for the Title. (ii)the character,dimensions,or location of any improvement erected on the Land; 4.Any claim,by reason of the operation of federal bankruptcy,state (iii)the subdivision of land;or insolvency,or similar creditors'rights laws,that the transaction (iv)environmental protection; vesting the Title as shown in Schedule A,is or the effect of any violation of these laws, (a)a fraudulent conveyance or fraudulent transfer;or ordinances,or governmental regulations. This (b)a preferential transfer for any reason not stated in Covered Exclusion 1(a)does not modify or limit the Risk 9 of this policy. coverage provided under Covered Risk 5. (b)Any governmental police power. This Exclusion 1(b)does 5.Any lien on the Title for real estate taxes or assessments imposed not modify or limit the coverage provided under Covered Risk 6. by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument 2.Rights of eminent domain.This Exclusion does not modify or limit of transfer in the Public Records that vests Title as shown in the coverage provided under Covered Risk 7 or 8. Schedule A. 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) Page 2 CONDITIONS 1.DEFINITION OF TERMS purchase,lease,or lend if there is a contractual condition requiring The following terms when used in this policy mean: the delivery of marketable title. (a)"Amount of Insurance" The amount stated in Schedule A,as may be increased or decreased by endorsement to this policy,increased 2. CONTINUATION OF INSURANCE by Section 8(b),or decreased by Sections 10 and 11 of these Conditions. The coverage of this policy shall continue in force as of Date of (b)"Date of Policy". The date designated as"Date of Policy"in Policy in favor of an Insured,but only so long as the Insured retains Schedule A. an estate or interest in the Land,or holds an obligation secured by (c)"Entity" A corporation,partnership,trust,limited liability a purchase money Mortgage given by a purchaser from the Insured, company,or other similar legal entity. or only so long as the Insured shall have liability by reason of (d)"Insured The Insured named in Schedule A. warranties in any transfer or conveyance of the Title. This policy shall not continue In force in favor of any purchaser from the (i)The term"Insured"also includes Insured of either(i)an estate or interest in the Land,or(ii)an (A)successors to the Title of the Insured by operation of law as obligation secured by a purchase money Mortgage given to the distinguished from purchase,including heirs,devisees,survivors, Insured. personal representatives,or next of kin; (B)successors to an Insured by dissolution,merger,consolidation, 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT distribution,or reorganization; The Insured shall notify the Company promptly in writing(i)in case (C)successors to an Insured by its conversion to another kind of of any litigation as set forth in Section 5(a)of these Conditions,(ii) Entity; in case Knowledge shall come to an Insured hereunder of any claim (D)a grantee of an Insured under a deed delivered without of title or interest that is adverse to the Title,as insured,and that payment of actual valuable consideration conveying the Title might cause loss or damage for which the Company may be liable (1)if the stock,shares,memberships,or other equity by virtue of this policy,or(iii)if the Title,as insured,is rejected as interests of the grantee are wholly-owned by the Unmarketable Title. If the Company is prejudiced by the failure of named Insured, the Insured Claimant to provide prompt notice,the Company's (2)if the grantee wholly owns the named Insured, liability to the Insured Claimant under the policy shall be reduced (3)if the grantee is wholly-owned by an affiliated to the extent of the prejudice. Entity of the named Insured,provided the affiliated 4. PROOF OF LOSS Entity and the named Insured are both wholly-owned In the event the Company is unable to determine the amount of by the same person or Entity,or loss or damage,the Company may,at its option,require as a condition (4)if the grantee is a trustee or beneficiary of a trust of payment that the Insured Claimant furnish a signed proof of loss. created by a written instrument established by the The proof of loss must describe the defect,lien,encumbrance,or Insured named in Schedule A for estate planning other matter insured against by this policy that constitutes the purposes. basis of loss or damage and shall state,to the extent possible,the (ii)With regard to(A),(B),(C),and(D)reserving,however,all rights basis of calculating the amount of the loss or damage. and defenses as to any successor that the Company would have had against any predecessor Insured. 5. DEFENSE AND PROSECUTION OF ACTIONS (e)"Insured Claimant': An Insured claiming loss or damage. (a)Upon written request by the Insured,and subject to the options (f)"Knowledge"or"Known Actual knowledge,not constructive contained in Section 7 of these Conditions,the Company,at its knowledge or notice that may be imputed to an Insured by reason of own cost and without unreasonable delay,shall provide for the the Public Records or any other records that impart constructive defense of an Insured in litigation in which any third parry asserts a claim covered bythis policy adverse to the Insured.This obligation notice of matters affecting the Title. is limited to only those stated causes of action alleging matters (g)"Land' The land described in Schedule A,and affixed improvements insured against by this policy The Company shall have the right to that by law constitute real property. The term"Land"does not select counsel of its choice(subject to the right of the Insured to include any property beyond the lines of the area described in object for reasonable cause)to represent the Insured as to those Schedule A,nor any right,title,interest,estate,or easement in stated causes of action. It shall not be liable for and will not pay abutting streets,roads,avenues,alleys,lanes,ways,or waterways, the fees of any other counsel. The Company will not pay any fees, but this does not modify or limit the extent that a right of access to costs,or expenses incurred by the Insured in the defense of those and from the Land is insured by this policy. causes of action that allege matters not insured against by this policy (h)"Mortgage": Mortgage,deed of trust,trust deed,or other security (b)The Company shall have the right,in addition to the options instrument,including one evidenced by electronic means authorized contained in Section 7 of these Conditions,at its own cost,to by law. institute and prosecute any action or proceeding or to do any (i)"Public Records': Records established under state statutes at other act that in its opinion may be necessary or desirable to Date of Policy for the purpose of imparting constructive notice of establish the Title,as insured,or to prevent or reduce loss or matters relating to real property to purchasers for value and without damage to the Insured. The Company may take any appropriate Knowledge. With respect to Covered Risk 5(d),"Public Records' 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 shall also include environmental protection liens filed in the records admission of liability or waiver of any provision of this policy. of the clerk of the United States District Court for the district where If the Company exercises its rights under this subsection,it must the Land is located. do so diligently. (j)"Title": The estate or interest described in Schedule A. (c)Whenever the Company brings an action or asserts a defense (k)"Unmarketable Title" Title affected by an alleged or apparent as required or permitted by this policy,the Company may pursue matter that would permit a prospective purchaser or lessee of the the litigation to a final determination by a court of competent Title or lender on the Title to be released from the obligation to jurisdiction,and it expressly reserves the right,in its sole ORT Farm 4M FL discretion,to appeal any adverse judgment or order. ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Page 3 CONDITIONS(con't) 6. DUTY OF INSURED CLAIMANT TO COOPERATE policy In addition,the Company will pay any costs,attorneys'fees, (a)In all cases where this policy permits or requires the Company and expenses incurred by the Insured Claimant that were authorized to prosecute or provide for the defense of any action or proceeding by the Company up to the time of payment and that the Company is and any appeals,the Insured shall secure to the Company the right obligated to pay;or to so prosecute or provide defense in the action or proceeding, (ii)to pay or otherwise settle with the Insured Claimant the loss or including the right to use,at its option,the name of the Insured for damage provided for under this policy,together with any costs, this purpose. Whenever requested by the Company,the Insured, attorneys'fees,and expenses incurred by the Insured Claimant that at the Company's expense,shall give the Company all reasonable were authorized by the Company up to the time of payment and that aid(i)in securing evidence,obtaining witnesses,prosecuting or the Company is obligated to pay. defending the action or proceeding,or effecting settlement,and (ii)In any other lawful act that in the opinion of the Company may Upon the exercise by the Company of either of the options provided be necessary or desirable to establish the Title or any other matter for in subsections(b)(i)or(ii),the Company's obligations to the as insured. If the Company is prejudiced by the failure of the Insured under this policy for the claimed loss or damage,other than Insured to furnish the required cooperation,the Company's obligations the payments required to be made,shall terminate,including any to the Insured under the policy shall terminate,including any liability or obligation to defend,prosecute,or continue any liability or obligation to defend,prosecute,or continue any litigation, litigation. with regard to the matter or matters requiring such cooperation. (b)The Company may reasonably require the Insured Claimant to g,DETERMINATION AND EXTENT OF LIABILITY submit to examination under oath by any authorized representative This policy is a contract of indemnity against actual monetary loss or of the Company and to produce for examination,inspection,and damage sustained or incurred by the Insured Claimant who has suffered copying,at such reasonable times and places as may be designated loss or damage by reason of matters insured against by this policy. by the authorized representative of the Company,all records,in (a)The extent of liability of the Company for loss or damage under whatever medium maintained,including books,ledgers,checks, this policy shall not exceed the lesser of memoranda,correspondence,reports,e-mails,disks,tapes,and (i)the Amount of Insurance;or videos whether bearing a date before or after Date of Policy,that (ii)the difference between the value of the Title as insured and the reasonably pertain to the loss or damage. Further,if requested by value of the Title subject to the risk insured against by this policy. any authorized representative of the Company,the Insured Claimant (b)If the Company pursues its rights under Section 5 of these shall grant its permission,in writing,for any authorized representative Conditions and is unsuccessful in establishing the Title,as insured, of the Company to examine,inspect,and copy all of these records (i)the Amount of Insurance shall be increased by 10%,and in the custody or control of a third party that reasonably pertain to (ii)the Insured Claimant shall have the right to have the loss or the loss or damage. All information designated as confidential by damage determined either as of the date the claim was made by the Insured Claimant provided to the Company pursuant to this the Insured Claimant or as of the date it is settled and paid. Section shall not be disclosed to others unless,in the reasonable (c)In addition to the extent of liability under(a)and(b),the Company judgment of the Company,it is necessary in the administration of will also pay those costs,attorneys"fees,and expenses incurred in the claim. Failure of the Insured Claimant to submit for examination accordance with Sections 5 and 7 of these Conditions. under oath,produce any reasonably requested information,or grant permission to secure reasonably necessary information from 9.LIMITATION OF LIABILITY third parties as required in this subsection,unless prohibited by (a)If the Company establishes the Title,or removes the alleged law or governmental regulation,shall terminate any liability of the defect,lien,or encumbrance,or cures the lack of a right of access Company under this policy as to that claim. to or from the Land,or cures the claim of Unmarketable Title,all as insured,in a reasonably diligent manner by any method,including 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; litigation and the completion of any appeals,it shall have fully TERMINATION OF LIABILITY performed its obligations with respect to that matter and shall not In case of a claim under this policy,the Company shall have the be liable for any loss or damage caused to the Insured. following additional options: (b)In the event of any litigation,including litigation by the Company (a)To Pay or Tender Payment of the Amount of Insurance. or with the Company's consent,the Company shall have no liability To pay or tender payment of the Amount of Insurance under this for loss or damage until there has been a final determination by a policy together with any costs,attorneys'fees,and expenses court of competent jurisdiction,and disposition of all appeals, incurred by the Insured Claimant that were authorized by the adverse to the Title,as insured. Company up to the time of payment or tender of payment and that (c)The Company shall not be liable for loss or damage to the the Company is obligated to pay. Insured for liability voluntarily assumed by the Insured in settling Upon the exercise by the Company of this option,all liability and any claim or suit without the prior written consent of the Company. obligations of the Company to the Insured under this policy,other than to make the payment required in this subsection,shall terminate, 10.REDUCTION OF INSURANCE;REDUCTION OR TERMINATION including any liability or obligation to defend,prosecute,or contin- OF LIABILITY ue any litigation. All payments under this policy,except payments made for costs, (b)To Pay or Otherwise Settle With Parties Other Than the Insured attorneys'fees,and expenses,shall reduce the Amount of Insurance or With the Insured Claimant. by the amount of the payment. (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 4309FL ALTA Owners Policy of Title Insurance 6.17-06(with Florida Modifications) Page 4 CONDITIONS(con't) 11.LIABILITY NONCUMULATIVE 15.LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE The Amount of Insurance shall be reduced by any amount the Company CONTRACT pays under any policy insuring a Mortgage to which exception is taken (a)This policy together with all endorsements,if any,attached to it in Schedule B or to which the Insured has agreed,assumed,or taken by the Company is the entire policy and contract between the subject,or which is executed by an Insured after Date of Policy and Insured and the Company. In interpreting any provision of this which is a charge or lien on the Title,and the amount so paid shall be policy,this policy shall be construed as a whole. deemed a payment to the Insured under this policy. (b)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 12.PAYMENT OF LOSS negligence shall be restricted to this policy. When liability and the extent of loss or damage have been definitely (c)Any amendment of or endorsement to this policy must be in fixed in accordance with these Conditions,the payment shall be made writing and authenticated by an authorized person,or expressly within 30 days. Incorporated by Schedule A of this policy. 13.RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (d)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. (a)Whenever the Company shall have settled and paid a claim Except as the endorsement expressly states,it does not(i)modify under this policy,it shall be subrogated and entitled to the rights of any of the terms and provisions of the policy,(ii)modify any prior the Insured Claimant in the Title and all other rights and remedies endorsement,(iii)extend the Date of Policy,or(iv)increase the in respect to the claim that the Insured Claimant has against any Amount of Insurance. person or property,to the extent of the amount of any loss,costs, attorneys'fees,and expenses paid by the Company. If requested 16.SEVERABILITY by the Company,the Insured Claimant shall execute documents to In the event any provision of this policy,in whole or in part,is held evidence the transfer to the Company of these rights and remedies. invalid or unenforceable under applicable law,the policy shall be The Insured Claimant shall permit the Company to sue,compromise, deemed not to include that provision or such part held to be invalid,but or settle in the name of the Insured Claimant and to use the name all other provisions shall remain in full force and effect. of the Insured Claimant in any transaction or litigation involving these rights and remedies. 17.CHOICE OF LAW;FORUM If a payment on account of a claim does not fully cover the loss of (a)Choice of Law- The Insured acknowledges the Company has the Insured Claimant,the Company shall defer the exercise of its underwritten the risks covered by this policy and determined the right to recover until after the Insured Claimant shall have recovered premium charged therefor in reliance upon the law affecting interests its loss. in real property and applicable to the interpretation,rights,remedies, (b)The Company's right of subrogation includes the rights of the or enforcement of policies of title insurance of the jurisdiction Insured to indemnities,guaranties,other policies of insurance,or where the Land is located. bonds,notwithstanding any terms or conditions contained in those Therefore,the court or an arbitrator shall apply the law of the instruments that address subrogation rights. jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to 14.ARBITRATION interpret and enforce the terms of this policy. In neither case shall Unless prohibited by applicable law,arbitration pursuant tothe Title the court or arbitrator apply its conflicts of law principles to deter- Insurance Arbitration Rules of the American Arbitration Association mine the applicable law. may be demanded if agreed to by both the Company and the Insured at (b)Choice of Forum: Any litigation or other proceeding brought by the time of a controversy or claim.Arbitrable matters may include,but the Insured against the Company must be filed only in a state or are not limited to,any controversy or claim between the Company and federal court within the United States of America or its territories the Insured arising out of or relating to this policy,and service of the having appropriate jurisdiction. Company in connection with its issuance or the breach of a policy provision or other obligation.Arbitration pursuant to this policy and 18.NOTICES,WHERE SENT under the Rules in effect on the date the demand for arbitration is Any notice of claim and any other notice or statement in writing made or,at the option of the Insured,the Rules in effect at Date of required to be given to the Company under this policy must be given to Policy shall be binding upon the parties.The award may include the Company at 400 Second Avenue South, Minneapolis, attorneys'fees only if the laws of the state in which the Land is Minnesota 55401-2499,Phone:612-371-1111. located permit a court to award attorneys'fees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s)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 Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon request. ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Page 5 3120160059602 RECORDED IN THE PUBLIC RECORDS OF JEFFREY R SMITH, CLERK OF COURT INDIAN RIVER COUNTY FL BK-2973 PG: 1959 D DOCT,gX Page 1 of 2 This Instrument Prepared by and Return to: pp$1,169 00 10202016 8.43 AM Jason Beal Atlantic Coastal Land Title Company,LLC 855 21st Street,Suite C Vero Beach,Florida 32960 Our File No.:46082685 Property Appraisers Parcel Identification(Folio)Number:32-39-33-00003-0003-00001/0 Florida Documentary Stamps in the amount of$1,169.00 have been paid hereon. Space above this line for Recording Data WARRANTY DEED THIS WARRANTY DEED, made the 4' day of October, 2016, by Michael Staller, a married man, whose post office address is 2148 Buena Vista Boulevard, Vero Beach, Florida 32960, herein called the Grantor, to Indian River County, a Political Subdivision of The State of Florida, whose post office address is 1801 27th Street,Vero Beach,Florida 32960,hereinafter called the Grantee: (Wherever 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) W I T N E S S E T H:That the Grantor,for and in consideration of the sum of Ten and 00/100($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee all that certain land situate in INDIAN RIVER County, State of Florida,viz.: Lot 1, Block C, DODGERTOWN SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 3,at Page 49,of the Public Records of Indian River County,Florida. The Grantor herein warrants and avers that Grantor does not reside on the lands conveyed hereby, nor on contiguous land; nor does any member of Grantor's family dependent upon Grantor for support. Subject to easements, restrictions and reservations of record and taxes for the year 2016 and thereafter. 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. 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,and hereby 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 31,2015. File No. 46082685 LTF IN WITNESS WHEREOF, the said Grantor has signed and sealed these presents the day and year first above written. Sign ed and deli+ d in a presence of: s i e 1 P me A (Seal) Mi ael Staller r ess#2 re 1 Witness#2 Prin am State of Florida County of Indian River T ' strument was acknowledged before me this�day of October, 2016,by Michael Staller who is pers natty kno n to a or has produced as identification. N ay Public Printed Notary Name My Commission Expires: y P••• JASON A.BEAL e`�; Notary Public-State of Florida JNPI Commission#�GG 017550 My Comm Expires Oct 11,2020 Aond0'!!hrn,9t NaUnnalNotaryAssn File No. 46082685 LTF OWNER'S POLICY OF TITLE INSURANCE (with Florida Modifications) * Policy Number OXFL-08531370 File Number:46082685 * * ** 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 Florida 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 (a)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 by law; (v)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 by law;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 (a)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 855 21ST STREET,STE C OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CENTERSTATE BANK BLDG,2ND FLR an Com A Stock VERO BEACH,FL 32960 Company PHONE:(772)569-4364 400 Second Avenue South,Minneapolis,Minnesota 55401 (612)371-1111 BY President Authorized Officer or Licensed Agent 4' ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Attestu �5� Secretary tf f3til F(E °�` 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 (a)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 (b)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 (i)to be timely,or (ii)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 (b)not Known to the Company,not recorded in the Public this policy,and the Company will not pay loss or damage,costs, Records at Date of Policy,but Known to the Insured Claimant attorneys'fees,or expenses that arise by reason of: and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an 1. (a)Any law,ordinance,permit,or governmental regulation Insured under this policy; (including those relating to building and zoning)restricting, (c)resulting in no loss or damage to the Insured Claimant; regulating,prohibiting,or relating to (d)attaching or created subsequent to Date of Policy;or (e)resulting in loss or damage that would not have been (i)the occupancy,use,or enjoyment of the Land; sustained if the Insured Claimant had paid value for the Title. (ii)the character,dimensions,or location of any improvement erected on the Land; 4.Any claim,by reason of the operation of federal bankruptcy,state (iii)the subdivision of land;or insolvency,or similar creditors'rights laws,that the transaction (iv)environmental protection; vesting the Title as shown in Schedule A,is or the effect of any violation of these laws, (a)a fraudulent conveyance or fraudulent transfer;or ordinances,or governmental regulations. This (b)a preferential transfer for any reason not stated in Covered Exclusion 1(a)does not modify or limit the Risk 9 of this policy. coverage provided under Covered Risk 5. (b)Any governmental police power This Exclusion 1(b)does 5.Any lien on the Title for real estate taxes or assessments imposed not modify or limit the coverage provided under Covered Risk 6. by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument 2.Rights of eminent domain.This Exclusion does not modify or limit of transfer in the Public Records that vests Title as shown in the coverage provided under Covered Risk 7 or 8. Schedule A. 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) Page 2 CONDITIONS 1.DEFINITION OF TERMS purchase,lease,or lend if there is a contractual condition requiring The following terms when used in this policy mean: the delivery of marketable title. (a)"Amount of Insurance": The amount stated in Schedule A,as may be increased or decreased by endorsement to this policy,increased 2. CONTINUATION OF INSURANCE by Section 8(b),or decreased by Sections 10 and 11 of these Conditions. The coverage of this policy shall continue in force as of Date of (b)"Date of Policy The date designated as"Date of Policy"in Policy in favor of an Insured,but only so long as the Insured retains Schedule A. an estate or interest in the Land,or holds an obligation secured by (c)"Entity": A corporation,partnership,trust,limited liability a purchase money Mortgage given by a purchaser from the Insured, company,or other similar legal entity. or only so long as the Insured shall have liability by reason of (d)"Insured": The Insured named in Schedule A. warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the (i)The term"Insured"also includes Insured of either(i)an estate or interest in the Land,or(ii)an (A)successors to the Title of the Insured by operation of law as obligation secured by a purchase money Mortgage given to the distinguished from purchase,including heirs,devisees,survivors, Insured. personal representatives,or next of kin; (B)successors to an Insured by dissolution,merger,consolidation, 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT distribution,or reorganization; The Insured shall notify the Company promptly in writing(i)in case (C)successors to an Insured by its conversion to another kind of of any litigation as set forth in Section 5(a)of these Conditions,(ii) Entity; in case Knowledge shall come to an Insured hereunder of any claim (D)a grantee of an Insured under a deed delivered without of title or interest that is adverse to the Title,as insured,and that payment of actual valuable consideration conveying the Title might cause loss or damage for which the Company may be liable (1)if the stock,shares,memberships,or other equity by virtue of this policy,or(iii)if the Title,as insured,is rejected as interests of the grantee are wholly-owned by the Unmarketable Title. If the Company is prejudiced by the failure of named Insured, the Insured Claimant to provide prompt notice,the Company's (2)if the grantee wholly owns the named Insured, liability to the Insured Claimant under the policy shall be reduced (3)if the grantee is wholly-owned by an affiliated to the extent of the prejudice. Entity of the named Insured,provided the affiliated 4 PROOF OF LOSS Entity and the named Insured are both wholly-owned In the event the Company is unable to determine the amount of by the same person or Entity,or loss or damage,the Company may,at its option,require as a condition (4)if the grantee is a trustee or beneficiary of a trust of payment that the Insured Claimant furnish a signed proof of loss. created by a written instrument established by the The proof of loss must describe the defect,lien,encumbrance,or Insured named in Schedule A for estate planning other matter insured against by this policy that constitutes the purposes. basis of loss or damage and shall state,to the extent possible,the (ii)With regard to(A),(B),(C),and(D)reserving,however,all rights basis of calculating the amount of the loss or damage. and defenses as to any successor that the Company would have had against any predecessor Insured. 5. DEFENSE AND PROSECUTION OF ACTIONS Insured claiming loss or damage (a)Upon written request by the Insured,and subject to the options le►"Insured Claimant": or contained in Section (f)'Knowledge"or"Known' Actual knowledge,not constructive knowledge or notice that may be imputed to an Insured by reason of own cost and withoutt unreasonable delay,shall provide for the of these Conditions,the Company,at its the Public Records or any other records that impart constructive defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured.This obligation notice of matters affecting the Title. is limited to only those stated causes of action alleging matters (g)"Land": The land described in Schedule A,and affixed improvements insured against by this policy. The Company shall have the right to that by law constitute real property. The term"Land"does not select counsel of its choice(subject to the right of the Insured to include any property beyond the lines of the area described in object for reasonable cause)to represent the Insured as to those Schedule A,nor any right,title,interest,estate,or easement in stated causes of action. It shall not be liable for and will not pay abutting streets,roads,avenues,alleys,lanes,ways,or waterways, the fees of any other counsel. The Company will not pay any fees, but this does not modify or limit the extent that a right of access to costs,or expenses incurred by the Insured in the defense of those and from the Land is insured by this policy causes of action that allege matters not insured against by this policy (h)"Mortgage": Mortgage,deed of trust,trust deed,or other security (b)The Company shall have the right,in addition to the options instrument,including one evidenced by electronic means authorized contained in Section 7 of these Conditions,at its own cost,to by law institute and prosecute any action or proceeding or to do any (i)"Public Records' Records established under state statutes at other act that in its opinion may be necessary or desirable to Date of Policy for the purpose of imparting constructive notice of establish the Title,as insured,or to prevent or reduce loss or matters relating to real property to purchasers for value and without damage to the Insured. The Company may take any appropriate action under the terms of this policy,whether or not it shall be Knowledge. With respect to Covered Risk 5(d►,"Public Records" liable to the Insured. The exercise of these rights shall not be an shall also include environmental protection liens filed in the records admission of liability or waiver of any provision of this policy. of the clerk of the United States District Court for the district where If the Company exercises its rights under this subsection,it must the Land is located. do so diligently (j)"Title": The estate or interest described in Schedule A. (c)Whenever the Company brings an action or asserts a defense (k)"Unmarketable Title":Title affected by an alleged or apparent as required or permitted by this policy,the Company may pursue matter that would permit a prospective purchaser or lessee of the the litigation to a final determination by a court of competent Title or lender on the Title to be released from the obligation to jurisdiction,and it expressly reserves the right,in its sole ORT Form 4309 FL discretion,to appeal any adverse judgment or order. ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Page 3 CONDITIONS(con't) 6. DUTY OF INSURED CLAIMANT TO COOPERATE policy In addition,the Company will pay any costs,attorneys'fees, (a)In all cases where this policy permits or requires the Company and expenses incurred by the Insured Claimant that were authorized to prosecute or provide for the defense of any action or proceeding by the Company up to the time of payment and that the Company is and any appeals,the Insured shall secure to the Company the right obligated to pay;or to so prosecute or provide defense in the action or proceeding, (ii)to pay or otherwise settle with the Insured Claimant the loss or including the right to use,at its option,the name of the Insured for damage provided for under this policy,together with any costs, this purpose. Whenever requested by the Company,the Insured, attorneys'fees,and expenses incurred by the Insured Claimant that at the Company's expense,shall give the Company all reasonable were authorized by the Company up to the time of payment and that aid(i)in securing evidence,obtaining witnesses,prosecuting or the Company is obligated to pay. defending the action or proceeding,or effecting settlement,and (ii)in any other lawful act that in the opinion of the Company may Upon the exercise by the Company of either of the options provided be necessary or desirable to establish the Title or any other matter for In subsections(b)(i)or(ii),the Company's obligations to the as insured. If the Company is prejudiced by the failure of the Insured under this policy for the claimed loss or damage,other than Insured to furnish the required cooperation,the Company's obligations the payments required to be made,shall terminate,including any to the Insured under the policy shall terminate,including any liability or obligation to defend,prosecute,or continue any liability or obligation to defend,prosecute,or continue any litigation, litigation. with regard to the matter or matters requiring such cooperation. (b)The Company may reasonably require the Insured Claimant to g.DETERMINATION AND EXTENT OF LIABILITY submit to examination under oath by any authorized representative This policy is a contract of indemnity against actual monetary loss or of the Company and to produce for examination,inspection,and damage sustained or incurred by the Insured Claimant who has suffered copying,at such reasonable times and places as may be designated loss or damage by reason of matters insured against by this policy by the authorized representative of the Company,all records,in (a)The extent of liability of the Company for loss or damage under whatever medium maintained,including books,ledgers,checks, this policy shall not exceed the lesser of memoranda,correspondence,reports,e-mails,disks,tapes,and (i)the Amount of Insurance;or videos whether bearing a date before or after Date of Policy,that (ii)the difference between the value of the Title as insured and the reasonably pertain to the loss or damage. Further,if requested by value of the Title subject to the risk insured against by this policy. any authorized representative of the Company,the Insured Claimant (b)If the Company pursues its rights under Section 5 of these shall grant its permission,in writing,for any authorized representative Conditions and is unsuccessful in establishing the Title,as insured, of the Company to examine,inspect,and copy all of these records (i)the Amount of Insurance shall be increased by 10%,and in the custody or control of a third party that reasonably pertain to (ii)the Insured Claimant shall have the right to have the loss or the loss or damage. All information designated as confidential by damage determined either as of the date the claim was made by the Insured Claimant provided to the Company pursuant to this the Insured Claimant or as of the date it is settled and paid. Section shall not be disclosed to others unless,in the reasonable (c)In addition to the extent of liability under(a)and(b),the Company judgment of the Company,it is necessary in the administration of will also pay those costs,attorneys'fees,and expenses incurred in the claim. Failure of the Insured Claimant to submit for examination accordance with Sections 5 and 7 of these Conditions. under oath,produce any reasonably requested information,or grant permission to secure reasonably necessary information from 9.LIMITATION OF LIABILITY third parties as required in this subsection,unless prohibited by (a)If the Company establishes the Title,or removes the alleged law or governmental regulation,shall terminate any liability of the defect,lien,or encumbrance,or cures the lack of a right of access Company under this policy as to that claim. to or from the Land,or cures the claim of Unmarketable Title,all as insured,in a reasonably diligent manner by any method,including 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; litigation and the completion of any appeals,it shall have fully TERMINATION OF LIABILITY performed its obligations with respect to that matter and shall not In case of a claim under this policy,the Company shall have the be liable for any loss or damage caused to the Insured. following additional options: (b)In the event of any litigation,including litigation by the Company (a)To Pay or Tender Payment of the Amount of Insurance. or with the Company's consent,the Company shall have no liability To pay or tender payment of the Amount of Insurance under this for loss or damage until there has been a final determination by a policy together with any costs,attorneys'fees,and expenses court of competent jurisdiction,and disposition of all appeals, incurred by the Insured Claimant that were authorized by the adverse to the Title,as insured. Company up to the time of payment or tender of payment and that (c)The Company shall not be liable for loss or damage to the the Company is obligated to pay Insured for liability voluntarily assumed by the Insured in settling Upon the exercise by the Company of this option,all liability and any claim or suit without the prior written consent of the Company obligations of the Company to the Insured under this policy,other than to make the payment required in this subsection,shall terminate, 10.REDUCTION OF INSURANCE;REDUCTION OR TERMINATION including any liability or obligation to defend,prosecute,or contin- OF LIABILITY ue any litigation. All payments under this policy,except payments made for costs, (b)To Pay or Otherwise Settle With Parties Other Than the Insured attorneys'fees,and expenses,shall reduce the Amount of Insurance or With the Insured Claimant. by the amount of the payment. (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) Page 4 CONDITIONS(con't) 11.LIABILITY NONCUMULATIVE 15.LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE The Amount of Insurance shall be reduced by any amount the Company CONTRACT pays under any policy insuring a Mortgage to which exception is taken (a)This policy together with all endorsements,if any,attached to it in Schedule B or to which the Insured has agreed,assumed,or taken by the Company is the entire policy and contract between the subject,or which is executed by an Insured after Date of Policy and Insured and the Company In interpreting any provision of this which is a charge or lien on the Title,and the amount so paid shall be policy,this policy shall be construed as a whole. deemed a payment to the Insured under this policy. (b)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 12.PAYMENT OF LOSS negligence shall be restricted to this policy When liability and the extent of loss or damage have been definitely (c)Any amendment of or endorsement to this policy must be in fixed in accordance with these Conditions,the payment shall be made writing and authenticated by an authorized person,or expressly within 30 days. incorporated by Schedule A of this policy. 13.RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (d)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. (a)Whenever the Company shall have settled and paid a claim Except as the endorsement expressly states,it does not(i)modify under this policy,it shall be subrogated and entitled to the rights of any of the terms and provisions of the policy,(ii)modify any prior the Insured Claimant in the Title and all other rights and remedies endorsement,(iii)extend the Date of Policy,or(iv)increase the in respect to the claim that the Insured Claimant has against any Amount of Insurance. person or property,to the extent of the amount of any loss,costs, attorneys'fees,and expenses paid by the Company If requested 16.SEVERABILITY by the Company,the Insured Claimant shall execute documents to In the event any provision of this policy,in whole or in part,is held evidence the transfer to the Company of these rights and remedies. invalid or unenforceable under applicable law,the policy shall be The Insured Claimant shall permit the Company to sue,compromise, deemed not to include that provision or such part held to be invalid,but or settle in the name of the Insured Claimant and to use the name all other provisions shall remain in full force and effect. of the Insured Claimant in any transaction or litigation involving these rights and remedies. 17 CHOICE OF LAW;FORUM If a payment on account of a claim does not fully cover the loss of (a)Choice of Law: The Insured acknowledges the Company has the Insured Claimant,the Company shall defer the exercise of its underwritten the risks covered by this policy and determined the right to recover until after the Insured Claimant shall have recovered premium charged therefor in reliance upon the law affecting interests its loss. in real property and applicable to the interpretation,rights,remedies, (b)The Company's right of subrogation includes the rights of the or enforcement of policies of title insurance of the jurisdiction Insured to indemnities,guaranties,other policies of insurance,or where the Land is located. bonds,notwithstanding any terms or conditions contained in those Therefore,the court or an arbitrator shall apply the law of the instruments that address subrogation rights. jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to 14 ARBITRATION interpret and enforce the terms of this policy In neither case shall Unless prohibited by applicable law,arbitration pursuant tothe Title the court or arbitrator apply its conflicts of law principles to deter- Insurance Arbitration Rules of the American Arbitration Association mine the applicable law may be demanded if agreed to by both the Company and the Insured at (b)Choice of Forum: Any litigation or other proceeding brought by the time of a controversy or claim.Arbitrable matters may include,but the Insured against the Company must be filed only in a state or are not limited to,any controversy or claim between the Company and federal court within the United States of America or its territories the Insured arising out of or relating to this policy,and service of the having appropriate jurisdiction. Company in connection with its issuance or the breach of a policy provision or other obligation.Arbitration pursuant to this policy and 18.NOTICES,WHERE SENT under the Rules in effect on the date the demand for arbitration is Any notice of claim and any other notice or statement in writing made or,at the option of the Insured,the Rules in effect at Date of required to be given to the Company under this policy must be given to Policy shall be binding upon the parties.The award may include the Company at 400 Second Avenue South, Minneapolis, attorneys'fees only if the laws of the state in which the Land is Minnesota 55401-2499,Phone:612-371-1111. located permit a court to award attorneys'fees to a prevailing party Judgment upon the award rendered by the Arbitrator(s)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 Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon request. ORT Form 4309 FL ALTA Owners Policy of Title Insurance 6-17-06(with Florida Modifications) Page 5 Schedule A OWNER'S POLICY Issued by Old Republic National Title Insurance Company 400 Second Avenue South * * Minneapolis, MN 55401-2499 * * (612) 371-1111 File No.: 46082685 Policy No.: OXFL-08531370 Address Reference: 2605 52nd Avenue,Vero Beach, Florida 32966 Amount of Insurance: $167,000.00 Premium: $910.00 Date of Policy: 10/20/2016 @ 8 43 AM 1. Name of Insured: Indian River County, a Political Subdivision of The State of Florida 2. The estate or interest in the Land that is insured by this policy is a Fee Simple. 3. Title is vested in: Indian River County, a Political Subdivision of The State of Florida. 4. The land referred to in this policy is described as follows: Lot 1, Block C, DODGERTOWN SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 3, at Page 49,of the Public Records of Indian River County, Florida. Old Republic National Title Insurance Company 400 Second Avenue South,Minneapolis,Minnesota,55401(612)371-1111 Atlantic Coastal Land Title Company, LLC ORT Form 4309 FL A Schedule A for ALTA Owners Policy of Title Insurance 6-17-06 Agent File No. 46082685 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY OWNER'S POLICY Schedule B File No.:46082685 Policy No.:OXFL-08531370 This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: 1. 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 on the Land of existing improvements located on adjoining land 2. Rights or claims of parties in possession. 3. Construction, Mechanic's, Contractors' or Materialmen's lien claims, if any, where no notice thereof appears of record. 4. Easements, or claims of easements, not recorded in the Public Records. 5. General or special taxes for the year 2016 and subsequent years 6. Restrictions, reservations and limitations, according to that certain instrument recorded in O. R. Book 141, at Page 229. 7. Easement(s) for utility and drainage purposes over a strip of land 5 feet wide along the rear lot line(s) of the land to be insured hereby, as shown or reserved on Plat of Subdivision recorded in Plat Book 3, at Page 49. 8. The policy to be issued in accordance with this commitment will 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. ORT Form 4309 for ALTA Owners Policy of Title Insurance 6-17-06 Agent File No. 46082685 A. Settlement Statement U.S.Department of Housing and Urban Development OMB Approval No.2502-0265 B.Type of Loan 1 ❑ FHA 2.❑ RHS 3.❑Conv.Unins. 6.File Number 7 Loan Number 8.Mortgage Insurance Case Number 4.❑VA 5.❑ Conv.Ins. 46082685 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 information purposes and are not included in the totals. D.Name and Address of Borrower E.Name and Address of Seller F Name and Address of Lender Indian River County,a Political Subdivision of The State of Michael Staller Florida 2148 Buena Vista Boulevard 1801 27th Street Vero Beach,Florida 32960 Vero Beach,Florida 32960 G.Property Location H.Settlement Agent 2605 52nd Avenue Atlantic Coastal Land Title Company,LLC Vero Beach,Florida 32966 855 21 st St.Suite C,Vero Beach,FL 32960 Place of Settlement I.Settlement Date 855 21st Street 10/13/16 INDIAN RIVER Suite C Vero Beach,Florida 32960 J.SUMMARY OF BORROWER'S TRANSACTION: K.SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales price 167,000.00 401. Contract sales pdce 167 000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower line 1400 2,492.78 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. Cit/town taxes to 406. Cit/town taxes to 107. County taxes to 407. County taxes to 108. Assessments to 408. Assessments to 109. 409. 110. 2016 Real Estate Taxes 476.72 410. 111. 1 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 169 969.50 420. GROSS AMOUNT DUE TO SELLER 167 000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER 201 Deposit or earnest money 501 Excess Deposit(see instructions) 202. Principal amount of new loan(s) 502. Settlement charges to seller(line 1400) 95.00 203. Existing loan(s)taken subject to 503. Existing loans taken subject to 204. 504. Payoff of first mortgage loan 97,500.00 Bellefrau Holdings II Inc 205. 505. Payoff of second mortgage loan 206. 506. 207 507 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. Cit/town taxes to 510. Cit/town taxes to 211 County taxes 01/01/2016 to 10/13/2016 443.00 511. County taxes 01/01/2016 to 10/13/2016 443.00 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY I FOR BORROWER 443.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 98,038.00 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER 301. Gross amount due from borrower line 120 169 969.50 601. Gross amount due to seller line 420 167,000.00 302. Less amounts paid by/for borrower line 220 443.00 602. Less reduction amount due to seller line 520 98,038.00 303. CASH FROM BORROWER 169,526.50 603. CASH TO SELLER 68,962.00 10 13-2016 at 9:05 AM form HUD-1(3/86)ref Handbook 4305.2 U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT PAGE 2 L.SETTLEMENT CHARGES: File Number:46082685 PAID FROM PAID FROM 700. TOTAL SALES/BROKER'S COMMISSION based on price$ @ _ BORROWER'S SELLER'S FUNDS AT FUNDS AT Division of commission line 700 as follows: SETTLEMENT SETTLEMENT 701. to 702. $ to 703. Commission paid at Settlement 704. 800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C. 801. Loan Origination Fee 802. Loan Discount 803. Appraisal fee to 804. Credit report to 805. Lender's inspection fee to 806. Mtg.ins.application fee to 807. Assumption fee to 808. 809. 810. 811. 812. 813. 814. 815. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest from to @$ /day 902. Mortgage insurance premium to 903. Hazard insurance premium yrs.to 904. 905. 1000. RESERVES DEPOSITED WITH LENDER FOR 1001. Homeowner's insurance mo.@$ /mo. 1002. Mortgage insurance mo.@$ /mo. 1003. City propertvtaxes mo.@$ /mo. 1004. County property taxes Mo.@$ /mo. 1005. Annual Assessments mo. $ /mo. 1006. mo.@$ /Mo. 1007. mo.@$ /mo. 1008. Aggregate Reserve for Hazard/Flood Ins,City/County Prop Taxes,Morta e Ins&Annual Assessments 1100. TITLE CHARGES 1101. Settlement or closing fee to Atlantic Coastal Land Title Company,LLC 250.00 1102. Abstract or title search to Atlantic Coastal Land Title Company,LLC 85.00 1103. Title examination to 1104. Title insurance binder to 1105. Document preparation to 1106. Notary fees to 1107. Attorney's fees to (includes above item No: 1108. Title insurance to 910.00 (includes above item No: 1109. Lender's coverage 1110. Owner's coverage 167,000.00---910.00 1111. Digital Archive/File Scan Fee Forensis 25.00 1112. Government Surcharge Old Re ublic/Westcor 3.28 1113. Wire Fees CenterState Bank 32.00 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordinq fees Deed$ 18.50 Mortgage$ ,Releases$ 10.00 18.50 10.00 1202. City/county/stamps Deed$ Mortgage$ 1203. State tax/stamps Deed$ 1,169.00 Mortgage$ 1,169.00 1204. Intangible Tax Deed$ Mortgage$ 1205. Record UCC 3 Termination 10.00 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest inspection to 1303. 1304. Prepare Satisfaction Atlantic Coastal Land Title Company,LLC 75.00 1305. 1306. 1307. 1308. 1400. TOTAL SETTLEMENT CHARGES (enter on lines 103 and 502,Sections J and K) 2,492.78 95.00 10-13-2016 at 9:05 AM form HUD-1(3/86)ref Handbook 4305.2 HUD- 1 SETTLEMENT STATEMENT File Number: 46082685 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 the HUD-1 Settlement Statement. Buyer Indian Pjjver o my My William DeBraal, County Attorney In the event a proration of taxes is necessary when the tax bills for the current year are prepared, the parties agree to handle said re-prorations between themselves. Seller Michael Staller Settlement Agent 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 By: Date: October 13th,2016 HUD-1 SETTLEMENT STATEMENT File Number:46082685 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 the HUD-1 Settlement Statement. Buyer Indian 'ver o my c William DeBraal,County Attorney In the event a proration of taxes is necessary when the tax bills.for the current year are prepared, the parties agree to handle said re-prorati'ons between themselves. Seller Mi hael Staller Settlement Agent 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 --- Date: October 13th,.2016