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HomeMy WebLinkAbout2018-141A TRUE COPY ^ERTIFICATION ON LAST PAGE AGREEMENT TO PURCHASE AND SELL REAL ESTATER. SMITH. CLERK BETWEEN INDIAN RIVER COUNTY AND ELBERT IZQUIERDO THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 14 day of Aucgust , 2018, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and Elbert Izquierdo ("the Seller) who agree as follows: WHEREAS, Seller owns property located at 66th Avenue, Vero Beach, FL. A legal description of the property is attached to this agreement as Exhibit "A" and incorporated by reference herein; and WHEREAS, the County is scheduled to do road improvements on 66th Avenue between 49th Street and 81St Street in the future and the road expansion will impact the Seller's property; and WHEREAS, in order for the County to proceed with its road expansion plans, the County needs to purchase property to be used as right-of-way from landowners along and adjacent to 66th Avenue; and WHEREAS, the County contacted the Seller and offered to purchase right-of-way of approximately 19,460 square feet or 0.45 acres of property as depicted on Exhibit "B", and WHEREAS, the Parties agree this is an arm's length transaction between the Seller and the County, without the threat of eminent domain. 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 66th Avenue, Vero Beach, FL and more specifically described in the legal description attached as Exhibit "B", fee simple, containing approximately 19,460 square feet, all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property"). 2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $17,500.00 (Seventeen Thousand Five Hundred 00/100 Dollars) plus $3,630.00 in attorney's fees. 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 ATRUE COPY CERTIFICATION ON LAST PAGE ' J.R. SMITH, CLERK approved the execution of this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant 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. 2 A TRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK 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: 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 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. (b) 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. (c) 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. (d) 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. 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. Personal Property. 7.1 The Seller shall have removed all of its personal property, equipment and trash from the Property. The Seller shall deliver possession of the Property to County vacant and in the same or better condition that existed at the Effective Date hereof. 7.2 Seller shall deliver at Closing all keys to locks and codes to access devices to County, if applicable. 8. Closing Costs; Expenses. County shall be responsible for preparation of all Closing documents. 8.1 County shall pay the following expenses at Closing: 3 ATRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK 8. 1.1 The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement. 8.1.2 Documentary Stamps required to be affixed to the warranty deed. 8.1.3 All costs and premiums for the owner's marketability title insurance commitment and policy, if any. 8.2 Seller shall pay the following expenses at or prior to Closing: 8.2.1 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. 9. Miscellaneous. 9.1 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. 9.2 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral, between the Seller and the County relating to the subject matter hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties. 9.3 Assignment and Binding Effect. Neither County nor Seller may assign its rights and obligations under this Agreement without the prior written consent of the other party. The terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and their successors and assigns. 9.4 Notices. Any notice shall be deemed duly served if personally served or if mailed by certified mail, return receipt requested, or if sent via "overnight" courier service orfacsimile transmission, as follows: If to Seller: Elbert Izquierdo 9898 SW 4t" Street Miami, FL 33174-1973 If to County: Indian River County 1801 27th Street Vero Beach, FL 32960 Attn: Land Acquisition/Monique Filipiak Either party may change the information above by giving written notice of such change as provided in this paragraph. 4 ATRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK 9.5 Survival and Benefit. Except as otherwise expressly provided herein, each agreement, representation or warranty made in this Agreement by or on behalf of either party, or in any instruments delivered pursuant hereto or in connection herewith, shalt 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 and assigns, and are not made for the benefit of, nor may they be relied upon, by any other person whatsoever. 9.6 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. 9.7 Counterparts. This Agreement may be executed in two or more counterparts, each one of which shall constitute an original. 9.8 County Approval Required: This Agreement is subject to approval by the Indian River County Board of County Commissioners as set forth in paragraph 2. 9.9 Beneficial Interest Disclosure: In the event Seller is a partnership, limited partnership, corporation, trust, or any form of representative capacity whatsoever for 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 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. 10.0 Zoning Confirmation Letter: Seller acknowledges and accepts the Zoning Confirmation Letter attached hereto, and incorporated herein as a part of this Agreement. 5 ATRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above. INDIAN RIVER COUNTY, FLORIDA B D OF COUNTY COMMISSIONERS Peter D. O'Bryan, ChairmAn Approved by BCC Izquierdo ATTEST: Approved Jeffrey R. Smith, erk of Court d Comptroller By: By: Deputy glerk A re Jason F. Blown, County Administrator Approveg as to Fop and LegalSuffi 'ency: wZ J., ' - 44 William K. DeBra I, Deputy County Attorney Form and Diaz, Date I Sufficiency: for Mr. Izquierdo A TRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK EXHIBIT "A" INDIAN RIVER FARMS CO SUB - S 10 AC OF TRACT 1 PBS 2-12 Commonly known as: 66th Avenue, Vero Beach, FL 32967 Parcel ID Number: 32-39-06-00001-0010-00005.0 7 EXHIBIT "B" CURVE TABLE CURVE LENGTH I RADIUS ITANGENTI CHORD I BEARINGDELTA P.O.C. C1 343.42 2917.00 171.91 343,22 NO6'41'26"E 06'44'44" N NURTH LINE SOUTH 10 TRACT 1 W >)) E o�o TRACT 1 GRAPHICSCALE INDIAN RIVER FARMS CO. PLAT BOOK 2, PAGE 25 (ST, LUCIE) C1j32390600001001000005.0 ' ORB 674, PG 2434 PARCEL 120 19,460 SQ.FT. 0.45 ACRES SOUTH LINE TRACT 1 FDOT R/W LINE PER R/W MAP LEGAL DESCRIPTION SECT. 88530-2250 RIGHT OF WAY PARCEL M M I T50' z I L L�.j n COQ � m N O WU w a z�mta m< EL w1 Q Nw o I v) Q m I w m P.O.B. I LU C7 U) Z y O � Z W aU F— O U LU [L- g trwr[ Q U —i ALL THAT CERTAIN PIECE, PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING A PORTION OF TRACT 1, SECTION 6, TOWNSHIP 32 SOUTH, RANGE 39 EAST, ACCORDING TO THE LAST GENERAL PLAT OF LANDS OF THE INDIAN RIVER FARMS COMPANY AS RECORDED IN PLAT BOOK 2, PAGE 25 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA; SAID LANDS BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO WIT; BEGINNING AT THE SOUTHEAST CORNER OF SAID TRACT 1, THENCE, BEARING NORTH 89'43'26" WEST, A DISTANCE OF 78.85 FEET TO A POINT; SAID POINT BEING THE BEGINNING OF A NON TANGENT CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 2,917.00 FEET, A CENTRAL ANGLE OF 06'44'44', A CHORD LENGTH OF 343.22 FEET BEARING NORTH 06'41'26" EAST; THENCE, NORTHERLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 343.42 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 10 ACRES OF SAID TRACT 1; THENCE, BEARING SOUTH 89'43'25" EAST, ALONG SAID NORTH LINE, A DISTANCE OF 42.04 FEET TO THE NORTHEAST CORNER OF THE SOUTH 10 ACRES OF SAID TRACT 1; THENCE, BEARING SOUTH 00'32'02" WEST, ALONG THE EAST LINE OF SAID TRACT 1, A DISTANCE OF 341.08 FEET TO THE POINT OF BEGINNING_ THE ABOVE DESCRIBED PREMISES CONTAIN AN AREA OF 19,460 SQUARE FEET OR 0.45 ACRES, MORE OR LESS. SUBJECT TO ALL EASEMENTS, CONDITIONS AND RESTRICTIONS AS CONTAINED WITHIN THE CHAIN OF TITLE. PROPOSED ACQUISITION PARCEL ACREAGE = 0.45 ACRES PORTION OF THE ACQUISITION PARCEL THAT IS ENCUMBERED BY THE FDOT = 0.21 ACRES RIGHT-OF-WAY SURVEYORS NOTES 1) THIS IS A SKETCH OF LEGAL DESCRIPTION ONLY, NOT A BOUNDARY RETRACEMENT SURVEY. 2) THE BEARING BASE FOR THIS SURVEY, IS THE EAST LINE OF SECTION 7. SAID LINE BEARS NORTH 00'00'25' EAST. 3) THE SCALE OF THIS DRAWING MAY HAVE BEEN DISTORTED DURING REPRODUCTION PROCESSES. 4) THIS LEGAL DESCRIPTION AND SKETCH IS BASED ON THE PRELIMINARY RIGHT OF WAY MAP FOR 66TH AVENUE PREPARED BY BURDETTE AND ASSOCIATES, DATED 10-10-06, AS DIRECTED BY INDIAN RIVER COUNTY, FLORIDA. LEGEND SECTION LINE EASEMENT LINE PROPERTY LINE PROPOSED RIGHT OF WAY This certifies that a legal descrlptlon and sketch of the property shown hereon was made under my supervision and that this legal description and sketch meets the standards of practice set forth by the Florida Board of Professional Surve,r . and Mappers /n Chapter 5J-17, Florida Administrative Code, pursuant to Section 472.027, Florida Statutes and that this drawing is a true and accurate representation thereof to the best of my knowledge and belief. Subic o notes and notations shown hereon. / C r lam. c— E.C. DEMETER, P.SM. Ra r72 B, 2O1.v DATE jj ��J �! "T / Not valid without the and the original raised seal of a Florida scrtF ' HFROJECT LEGAL DESCRIPTION AND SKETCH OF SHEET NUMBERe. 1 OF 1 RAAN BY UFDPARCEL120� � Eco u!�� mrerm „� INDIAN RIVER COUNTY, FLORIDA wffx—Hmkcom PARCEL — — RIGHT OF WAY LINE P.O.C. POINT OF COMMENCEMENT P.O.B. POINT OF BEGINNING R/W RIGHT OF WAY ORB OFFICIAL RECORDS BOOK PG PAGE FOOT FLORIDA DEPARTMENT OF TRANSPORTATION SECT. SECTION This certifies that a legal descrlptlon and sketch of the property shown hereon was made under my supervision and that this legal description and sketch meets the standards of practice set forth by the Florida Board of Professional Surve,r . and Mappers /n Chapter 5J-17, Florida Administrative Code, pursuant to Section 472.027, Florida Statutes and that this drawing is a true and accurate representation thereof to the best of my knowledge and belief. Subic o notes and notations shown hereon. / C r lam. c— E.C. DEMETER, P.SM. Ra r72 B, 2O1.v DATE jj ��J �! "T / Not valid without the and the original raised seal of a Florida scrtF ' HFROJECT LEGAL DESCRIPTION AND SKETCH OF SHEET NUMBERe. 1 OF 1 RAAN BY UFDPARCEL120� � Eco u!�� mrerm „� INDIAN RIVER COUNTY, FLORIDA wffx—Hmkcom BOARD OF COUNTY COMMISSIONERS OFFICE OF COUNTYATTOIZNEY Dylan Reingold, County Attorney William K DeBraal, Deputy County Attorney Kate Pingolt Cotner, Assistant County Attorney June 20, 2018 Mr. Elbert Izquierdo 12865 SW 50th Lane Miami, FL 33125-5449 Re: Parcel No. 32390600001001000005.0 66th Avenue, Indian River County Dear Mr. Izquierdo: Please accept this letter as confirmation that after the County purchases the 0.45 acres of your property to be used as right-of-way for the 66th Avenue Improvement Project, you will be able divide the remaining 9.38 acres into two legal lots consisting of more than 200,000 square feet, consistent with A-1 zoning district size and dimensional criteria. This will also confirm that you may divide the remainder parcel into two lots using a "one time lot split" without the necessity of going through the platting process. Should you have any questions concerning this matter, please do not hesitate to contact me. Sincerely yours, 9Z, . William K. DeBraal Deputy County Attorney cc:. Stan Boling, Director of Community Development John McCoy, Chief of Current Development FLORIDA v RIVER COUNTY -i ,- iS TO CERTIFY THAT THIS IS ?UE AND CORR CT COPY OF E ORIIGINA r LOV ILE IN THIS GrrtcYFii . SMITH, CL K l 1801271h Street, Vero Beach, Florida 32960-3365• (772) 226-1424• Fax (772) 569-4317 ircattomey@ircgov.com 3120180058388 RECORDED IN THE PUBLIC RECORDS OF JEFFREY R SMITH, CLERK OF COURT INDIAN RIVER COUNTY FL BK: 3150 PG: 1840 Page 1 of 3 9252018 9:45 AM D DOCTAX PD $122.50 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.: 48084134 Property Appraisers Parcel Identification (Folio) Number: 32-39-06-00001-0010-00005.0 Florida Documentary Stamps in the amount of $122.50 have been paid hereon. Space above this line for Recording Data WARRANTY DEED THIS WARRANTY DEED, made they of September, 2018, by Elbert Izquierdo, whose post office address is 9898 SW 4th Street, Miami, FL 33174, herein called the Grantors, to Indian River County, a political subdivision of the State of Florida, whose post office address is 1801 27th Street, Vero Beach, FL 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 Grantors, 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.: PARCEL 120: All that certain Piece, Parcel or Tract of land situate, lying and being a portion of Tract 1, Section 6, Township 32 South, Range 39 East, according to the last general Plat of lands of the Indian River Farms Company as recorded in Plat Book 2, Page 25 of the Public Records of St. Lucie County, Florida, now lying and being in Indian River County, Florida; said lands being more particularly described as follows, to wit; Beginning at the Southeast Corner of said Tract 1, thence, bearing North 89 degrees 43 minutes 26 seconds West, a distance of 78.85 feet to a Point; said Point being the Beginning of a Non Tangent curve Concave Westerly, having a Radius of 2,917.00 feet, a central angle of 06 degrees 44 minutes 44 seconds, a chord length of 343.22 feet bearing North 06 degrees 41 minutes 26 seconds East; thence, Northerly along the are of said curve, a distance of 343.42 feet to a Point on the North Line of the South 10 Acres of said Tract 1; thence, bearing South 89 degrees 43 minutes 25 seconds East, along said North Line, a distance of 42.04 feet to the Northeast Corner of the South 10 Acres of said Tract 1; thence, bearing South 00 degrees 32 minutes 02 seconds West, along the East Line of said Tract 1, a distance of 341.08 feet to the Point of Beginning. The Grantor here in 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 2018 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 Grantors hereby covenant with said Grantee that the Grantors are lawfully seized of said land in fee simple; that the Grantors have good right and lawful authority to sell and convey said land, and hereby warrant 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, 2017. File No.: 48084134 LTF IN WITNESS WHEREOF, the said Grantors have signed and sealed these presents the day and year first above written. Signe d nd ed in the presence of: Witness #1 Signature -j- [,4,, dlaAJ 2-4 Witness #1 Printed Name itness #2 Sign re 5f�plNN saw ( o Witness #2 Printed Name Elbert Izquierdo (Seal) State of Flori.4a County of -ff. The foregoing instrument was acknowledged before this day of September, 2018, by Elbert Izquierdo, who are personally known to me or have produced as identification. `""v?°rys WARREN ORTIZ •_ Notary Public - State of Florida • • Jrc My Comm. Expires Oct 5.2018 Notary P c F ;;�'• Commission M FF 130654 �[Print►edlNotary Name My Commission Expires: ��'' �.,p/S File No.: 48084134 LTF W3 y 42,04° S$9°43'2 50'50' "E T:'r� CURVE TABLE .URVE LENGTH I RADIUS TANGENIJ CHORD I BEARING I DELTA C; 343.42 12917.001 171.91 343.22 L N06'41'26"E 1 06'44'44" W NORTH LINE SOUTH 10 ACRES 4 TRACT 1 W: E If S TRACT i OHCS INDIAN RIVER FARMS CO. PLAT BOOK 2. PAGE 25 CD (ST, LUCIE) 32390€ GGO01001000005.0 ORB 674. PG 2434 PARCEL 120 19,46D SOFT. ----- I OA ACRES SOUTH LINE TRACT 1 FDOT RINE LINE PER R MAP W3 y 42,04° S$9°43'2 50'50' "E T:'r� 66TH PARC z =1 W cLo Q W W 4 oo LJ Cre N r f a a CD Q o 30' , rj � J I C1 20,8 ¢ Q z z v ci 1 I IN EAST ¢ M z 1� t I p B. 489'43'46"W. PIW SECT. 88530-2250 + s.E Ct?K[tGF TRACT I� LPJEaTL 08FL WAY PARCEL ALL THAT CERTAIN PIECE, 'PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING A PORTION OF TRACT 1, SECTION 8 TOWNSHIP 32 SOUTH, RANGE 39 EAST, ACCORDING TO THE LAST GENERAL PLAT OF LANDS OF THE INDIAN RIVER AWS COMPANY AS RECORDED IN PLAT BOOK 2, PAGE 25 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA; SAID LANDS BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO WT; .................... BEGINNING AT THE SOUTHEAST CORNER OF SAID TRACT 1, THENCE, BEARING NORTH 89'43'26" WEST, A DISTANCE OF 78.85 FEET TO A POINT; SAID POINT BEING THE BEGINNING OF A NON TANGENT CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 2,917.00 SET, A CENTRAL ANGLE OF 08'44.44", A CHORD LENGTH OF 343.22 FEET BEARING NORTH 06'41'26" EAST;. THENCE, NO RtIMLY ALONG THE ARC OF SAID CURVE, A DISTANCE OF 343.42 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 10 ,ACRES OF SAID TRACT 1; THENCE, BEARING SOUTH 89'43'25" EAST, ALONG SAID NORTH LINE, A DISTANCE OF 42.04 FEET TO THE NORTHEAST CORNER OF THE SOUTH 10 ACRES OF SAID TRACT 1; THENCE, BEARING SOUTH 00032`02" WEST, ALONG THE EAST LINE OF SAID TRACT 1, A DISTANCE OF 341.08 FEET TO THE POINT OF BEGINNING. INCSUIBJECT TO ALL DESCRIBEDBOVE ASEMENTS, CONDI IONS AND RESTRIICTIOTAIN AN AREA OF NS6ASSCUARE FEET OR 0.45 CONTAINED WITHIN THE CHAIN OF TITMORELE. LESS. a: .............................................. ............................................. .............................. WESTCOR POLICY NO. AND TITLE INSURANCE COMPANY OP-25-FL1394-7135412 OWNER'S POLICY OF TITLE INSURANCE (with Florida Modifications) ISSUED BY WESTCOR LAND 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, Westcor Land Title Insurance Company, a South Carolina 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- Title f 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. COVERED RISKS CONTINUED ON NEXT PAGE In Witness Whereof, WESTCOR LAND 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 signa- tory of the Company. WESTCOR LAND TITLE INSURANCE COMPANY Issued By: FL1394 * 48084134 Atlantic Coastal Land Title Company, LLC By: /YI 0 AWO 855 21st Street, Suite C Vero Beach, FL 32960 '�%gE�4L�j eside t s Attest: Secre ry OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WLTIC Edition 12/1/17) Page 1 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 zon- ing) 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. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforce- ment 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 at- tached 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 (a) created, suffered, assumed, or agreed to by the Insured of this policy, and the Company will not pay loss or damage, costs, Claimant; attorneys' fees, or expenses that arise by reason of: (b) not Known to the Company, not recorded in the Public Re - 1. (a) Any law, ordinance, permit, or governmental regulation cords at Date of Policy, but Known to the Insured Claimant (including those relating to building and zoning) restricting, regulat- and not disclosed in writing to the Company by the Insured ing, prohibiting, or relating to Claimant prior to the date the Insured Claimant became an Insured under this policy; (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improve- ment erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (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 that would not have been sus- tained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors'rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WLTIC Edition 12/1/17) Page 2 CONDITIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Amount of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and I 1 of these Conditions. (b) "Date of Policy": The date designated as "Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A. (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, con- solidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly-owned by an affiliated En- tity of the named Insured, provided the affiliated Entity and the named Insured are both wholly- owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": An Insured claiming loss or damage. (f) "Knowledge" or "Known": Actual knowledge, not construc- tive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improve- ments that by law constitute real property. The terns "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other secu- rity instrument, including one evidenced by electronic means authorized bylaw. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 0) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of war- ranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given"to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Condi- tions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition ofpayment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 5. DEFENSE AND PROSECUTION OF ACTIONS (a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WLTIC Edition 12/1/17) Page 3 CONDITIONS - CONTINUED other act that to its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropri- ate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceed- ing and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representa- tive of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or dam- age. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claim- ant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (ii) to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any li- ability or obligation to defend, prosecute, or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (i) the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) if the Company pursues its rights under Section 5 of these Con- ditions and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by 10%, and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b), the Com- pany will also pay those costs, attorneys' fees, and expenses in- curred in accordance with Sections 5 and 7 of these Conditions. 9. LIMITATION OF LIABILITY (a) If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of ac- cess to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WLTIC Edition 12/1/17) Page 4 (b) In the event of any litigation, including litigation by the Com- pany or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final deter- mination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in set- tling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Com- pany pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Com- pany of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Unless prohibited by applicable law, arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbitration As- sociation may be demanded if agreed to by both the Company and the Insured at the time of a controversy or claim. Arbitrable mat- ters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, and service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the Insured, the Rules in effect at Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of the state in which the Land is 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. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (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 negligence shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (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 provi- sions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States ofAmerica or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at: 875 Concourse Parkway South, Suite 200, Maitland, FL 32751. OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WLTIC Edition 12/1/17) Page 5 OWNER'S POLICY OF TITLE INSURANCE (With Florida Modifications) WESTCOR LAND TITLE INSURANCE COMPANY OWNER'S POLICY OF TITLE INSURANCE HOME OFFICE 875 Concourse Parkway South, Suite 200 Maitland, FL 32751 Telephone: (407) 629-5842 ALTA 6-17-06 OWNER'S POLICY (WITH FLORIDA MODIFICATIONS) SCHEDULE A File Number; Policy Number: Date of Policy: Premium: Amount of Insurance: 48084134 OP-25-FL1394- 9/25/2018 @ 9:45 AM $100.63 $17,500.00 7135412 Property Type: State: Florida, County: INDIAN RIVER Address Reference: 66TH AV, Vero Beach, Florida 32967 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: 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: PARCEL 120: All that certain Piece, Parcel or Tract of land situate, lying and being a portion of Tract 1, Section 6, Township 32 South, Range 39 East, according to the last general Plat of lands of the Indian River Farms Company as recorded in Plat Book 2, Page 25 of the Public Records of St. Lucie County, Florida, now lying and being in Indian River County, Florida; said lands being more particularly described as follows, to wit; Beginning at the Southeast Corner of said Tract 1, thence, bearing North 89 degrees 43 minutes 26 seconds West, a distance of 78.85 feet to a Point; said Point being the Beginning of a Non Tangent curve Concave Westerly, having a Radius of 2,917.00 feet, a central angle of 06 degrees 44 minutes 44 seconds, a chord length of 343.22 feet bearing North 06 degrees 41 minutes 26 seconds East; thence, Northerly along the arc of said curve, a distance of 343.42 feet to a Point on the North Line of the South 10 Acres of said Tract 1; thence, bearing South 89 degrees 43 minutes 25 seconds East, along said North Line, a distance of 42.04 feet to the Northeast Corner of the South 10 Acres of said Tract 1; thence, bearing South 00 degrees 32 minutes 02 seconds West, along the East Line of said Tract 1, a distance of 341.08 feet to the Point of Beginning. Note: This policy is of no force and effect unless Schedule A and Schedule B are attached together with any added pages incorporated by reference. OP -25S / ALTA 6-17-06 Owner's Policy Schedule A and B (With Florida Modifications) (WLTIC Edition 1/26/11) Our File No.: 48084134 LrF-, ALTA 6-17-06 OWNER'S POLICY (WITH FLORIDA MODIFICATIONS) Policy No. OP-25-FL1394-7135412 File No.: 48084134 SCHEDULE B EXCEPTIONS FROM COVERAGE Except as provided in Schedule B - Part II, 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. Rights or claims of parties in possession not shown by the Public Records. 2. Encroachments, overlaps, boundary lines disputes, and other matters which would be disclosed by an accurate survey and inspection of the premises. 3. Easements or claims of easements not shown by the Public Records. 4. Taxes or special assessments which are not shown as existing liens by the public records. 5. Taxes and assessments for the year 2018 and subsequent years, which are not yet due and payable. 6. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 7. Rights or claims of parties in possession not shown by the Public Records. 8. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete 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 the adjoined land. 9. Easements or claims of easements not shown by the Public Records. 10. Taxes or special assessments which are not shown as existing liens by the public records. 11. Taxes and assessments for the year 2018 and subsequent years, which are not yet due and payable. 12. Any lien provided by Chapter 159, Florida Statutes, in favor of any city, town, village or port authority for unpaid service charges for service by any water, sewer or gas system supplying the insured land. 13. Reservation of all existing canals, ditches and rights-of-way by the Indian River Farms Drainage District, and all other matters disclosed in Deed recorded in Deed Book 51, Page 331, of the Public Records of Indian River County, Florida. Note: This policy is of no force and effect unless Schedule A and Schedule B are attached together with any added pages incorporated by reference. OP -25S / ALTA 6-17-06 Owner's Policy Schedule A and B (With Florida Modifications) (WLTIC Edition 1/26/11) Our File No.: 48084134 IrF-I A. Settlement Statement U.S. Department of Housing OMB Approval No. 2.502-0265 1r and Urban Development B. Type of Loan � 8. Mortgage Insurance Cees Number 1. ❑ FHA 2. O RHS 3. ❑ Con, Unins. 6. File Number 7. Loan Number I 48084134 14. ❑ VA S. ❑ Conv. Ins. Amounts paid to and by the settlement agent aro shown. Items C. Note; This forth Is furnished to give you a statement of actual settlement costs. here for Information purposes and are not included in the touts. ._ -� marked '(p.o.c.)' were paid outside the dosing: they are shown E. Name and Address of Seller F. Nems and Address d Lender D. Name and Address of Borrower Indian River County, B political subdivision of the State of Florida Elbe, ",uierdo 1801 27th Street 9898 SW 4N Street Vero Beach, Florida 32960 Miami, Florida 33171 I I H. Settlement Agent G. Pmpe,y Location Atlantic Coastal Land Title Company, LLC 66TH AV 855 21st St Suite C. Vero Beach. FL 32980 Vero Beach, Ponds 32967 Place of Settlement I I. Setlkment Data 855 21 st Street I 09112/18 Suite C INDIAN RIVER Vero Beach, Florida 32960 K SUMMAAY OF SELLER'S TRANSACTION: �J SUMMARY OF BORROWER SUMMARY OF BORROWER'S TRANSACTION: �00. 400. GROSS AMOUNT DUE TO SELLER GROSS AMOUNT DUE FROM BORROWER 17500.00 401. Contract sale rice 17500.00 101. Contred sal"es oe 402. Personal property 102. Personal 103. Settlement as to borrower (line '1400) 4,332.13 403. 104. 105. Ad ustmerrts for Items p0d by seller In advance Ad ustments for Reay paid by sellar in advance to to 406. C Aown taxes 108 Aowa1 taxes 407. Coun taxa- to 107. Cou taxes to Assessments to 108. Aaeassments to40609. . 4 121 . 410. 110. 411. - 412. 112. 120. GROSS AMOUNT DUE FROM BORROWER 21 532.13 420. GROSS AMOUNT DUE TO SELLER 1 1750000 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER 501. Excess Deposit (see instructions) 201. Depotit or earnest money 502. SetlfemeM dy es to seller Ina 1400) `�•� 202. Princi I amount of new k)an s 503. Existing loans When subject to 203. Existing kmn(s) taken subject to 504. payoff of first mortgage loan 204. 205. 505. Payoff of second mortgage loan 506. 206. 207. 507. 208. 508. 509, 209. Adjustments for Rema On d by seller Adjustments for Items unpaid by seller to 210. Ci Itovm taxes to 510. Ci Acwn taxes b taxes to 511. Coun taxes , 211. Coun 512. Assessments to 212. Assessments to 513. 213. 514. 214. 515. 215. 516. 216. 517. 21T 578. 218, 579. 278. 54.001 520. TOTAL REDUCTION AMOUNT DUE SELLER 220. TOTAL PAID BY I FOR BORROWER 600. CMH SETTLEMENT TO OR FROM SELLER 300. CASH AT SETTLEMENT FROM OR TO BORROWER 17 500.00 301. Groes amount due from borrower line 120 21 832.13 601. Gross rtwunt due to selbr line 420 a �,� 802. Leu reductltm amount due to caller Eine 520 302. Less amount' id trAor borrower line 220 3D3. CMH FROM BORROWER 21,832.13 803. CMH TO SELLER 17.446.00 030&2018 at 4:41 PM U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT PAGE 1 L. SETTLEMENT CHARGES: File Number. 48034134 700. TOTAL SALESIBROKER'S COMMISSION based on S Division of commission line 700 as follows: PAs) FROM BORROWER'S FUNDS AT SETTLEMENT r�u rr<u ra SELLER'S FUNDS AT SETTLEMENT 701. p 702. S to 703. Commission paid at Settlement 704. 800. ITEMS PAYABLE IN CONNECTION WTrH LOAN P.O.C. 801. Loan Origination Fee 802. Loan Disom I % 803. Appraisal fee to 804 Credit report to 805. Lender's Ins on fee to I 808. M . fns. application fee to 807. Assumption fee to _ 808. 811. 912. 813. 814. 815. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE - 901. Interest from to S Ida 902. Mortgage insurance premium to 903. Hazard Insurance premium Lm to 904. _ 905. - 1000. RESERVES DEPOSITED WRH LENDER FOR 1001. Homeown insurance mo. $ I rap• 1002. MSLM gageinsurance mo. S rtp• 1003 City property taxes mo. S / rap• 1004. Cour taxes mo. S I rm. 1005. Annual Assessments mo. $ I rap• 1006. mo. $ /rap 1007 mo. S I rap• 1008. Ancregate Reserve for HazardfFloed hr's, WC*unty Prop Taxes. Modow Ins 6 Annual Assessments 1100, TITLE CHARGES 1101. Settlement or closino fee to Atlantic Coastal Land Title Compny, LLC 300'00 1102 Abstract or thle search to Westcor Lend Tile Insurance Compeny BLOC 1103. Title exam6ation 1D 1104. Title Insurance binder to 1105. Document retlon to 1106. Nota fees to 1107. Attorney's fees to Gaylord, Merlin Ludovici 3 Diaz 3 ' includes above item No: 1103. Title insurance to Atlantic Coastal Land Tile Company, LLC 1 includes above hem No: 1109. Lender's coveWs 1110. Owner's coverage 17 500.00 -100.63 1111. Digital Archive&andTech Foren6l"antlTech 36.00 1112. Wire Fees Center5tate Bank' 32. 1113. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordingfees Deed $ 27.00 Mortgage $ Releases $ 27.00 1202" C Icou /dam Deed S : M $ 1203. State taWstemPs Deed S 122.50 M $ 122'50 1204. Intan be Tax Deed $ Mortgage $ 1205. Record Affidavit of DC 3 Continuous Mania 54.00 1300, ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest inspection to 1303. 1304. 1305. 1306. 1307. 1308. 1400. TOTAL SETTLEMENT CHARGES enter on tines 103 and 502. Sect ons J arld K 4332.13 54.00 0306-2018 at 4:41 PM form HUD -1 (3186) ref Handbook 4305.2 HUD -1 SETTLEMENT STATEMENT File Number: 48084134 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 River County William K. DeBraal, Deputy 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. Elbert Izquierdo Sellers 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. Date: September 12th, 2018 HUD -1 SETTLEMENT STATEMENT File Number: 48084134 I have carefully reviewed the HUD -1 Settlement Statement and to the best of guy 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 ftuther certify that I have received a copy of the HUD -1 Settlement Statement. Buyer 14 &GAZ Indian Riv AeBrial,.Deput4y rIIiiamK. 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 -proration between themselves. Elbert bquierdo Seller 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. Date: September 12th, 2018 INDIAN RIVER COUNTY, FLORIDA MEMORANDUMyy TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: Monique Filipiak, Land Acquisition Specialist SUBJECT: Right -of -Way Acquisition - 66th Avenue Widening Project Owner: Elbert Izquierdo - 66th Avenue, Vero Beach, FL 32967 DATE: July 17, 2018 DESCRIPTION AND CONDITIONS Public Works is progressing with Right -of -Way acquisition for the planned improvements of 66th Avenue between 491h Street - 691h Street. The proposed improvements include widening the existing two-lane roadway to a four lane divided roadway, traffic signals, bridge replacement, drainage improvements, grassed or landscaped median and sidewalks. Elbert Izquierdo own a 9.83 acre unimproved parcel which is zoned A-1. To accommodate the future planned improvements on 66th Avenue, the County needs to acquire 0.45 acres of the parcel for right-of- way purposes. The County obtained an appraisal of the property indicating a value of $6,500.00. Land Value Part Taking $ 6,500.00 Estimated Value of Improvements $ -0- Total Just Compensation $ 6,500.00 The County offered $6,500.00 for the 0.45 acres of right-of-way. Mr. Izquierdo's attorney Andrew Diaz counter -offered $27,500.00 for the right-of-way. After several weeks of negotiations all parties agreed to $17,500.00 for the ROW plus attorney's fees of $3,630.00. FUNDING Funding is budgeted and available in Account No. 31521441-066120-16009 Optional Sales Tax/ROW 66th Ave/651h —83 rd RECOMMENDATION Staff recommends the Board approve the Purchase Agreement of $17,500.00 for the 0.45 acres of property located at 66th Avenue, Vero Beach, FL 32967, approve $3,630.00 for attorney's fees, and authorize the Chairman to execute the purchase agreement on behalf of the Board. ATTACHMENTS Purchase Agreement APPROVED AGENDA ITEM FOR: August 14, 2018 F:\PubIicWorks\ENGINEERING DIVISION PROJECTS\1505-66th Ave Widening_49th St to 81st St\2-Right of Way\BCC Agenda Memos\Elbert Izquierdo\Staff Report.doc