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HomeMy WebLinkAbout2019-150GAGREEMENT TO PURCHASE AND SELL REALEST -ATE BETWEEN INDIAN RIVER COUNTY AND PAUL EDWARD THOMPSON, JR. AND RENNIE SUE THOMPSON THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the Jo day of `September , 2019, by and between Indian River County, a political subdivision of the State of Florida ("County"), and Paul Edward Thompson, Jr. and Rennie Sue -Thompson ("Seller") who agree as follows: WHEREAS, Seller owns property located at 7125 66th Avenue, Vero Beach, FL, Vero Beach, Florida. A legal description and aerial photo of the property are 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 27,443 square feet or 0.63 acres of property as depicted on Exhibit "B", 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 being more specifically described in the legal description attached as Exhibit "B", fee simple, containing approximately 27,443 square feet or 0.63 acres, 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 $275,000.00 (Two Hundred Seventy Five Thousand 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 this Agreement, either by approval by the Indian River County Board of County Commissioners 1 at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority. 2.2 Unimproved Parcels. The County will convey two remainder parcels to the Sellers: a 0.26 acre parcel located immediately south of 7125 66th Avenue, Vero Beach, FL as depicted in Exhibit "C" attached and included by reference herein; and a 0.35 acre parcel of property located immediately north of 7125 66th Avenue Exhibit "D" attached and included by reference herein. In addition, the County will construct a 14' wide concrete driveway from 66th Ave to the remainder of Parcel 115, suitable to "service a residential dwelling. 2.3 Costs and Fees The County shall pay expert witness costs to Brent Simon Law Group in the amount of $13,610.00, and attorney fees of $41,250.00 on the Closing Date. Any claims for attorneys' fees for special benefits are waived by Brent Simon Law Group. 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. 2 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. 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. 3 -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:- 8.1.1 t-Closing: 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 or facsimile transmission, as follows: 4 --. ----....._..__If to Seller: - If to County: Paul Edward Thompson, -Jr.-and Rennie Sue Thompson 7125 66th Avenue Vero Beach, FL 32967 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 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, 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 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. 9.10 Lease -Back: The County shall execute and deliver to Seller a lease of the Property at the closing as the Property contains substantially all of the Sellers existing residence. In order to provide time for the Sellers to construct a new home on the remainder property, the term of the lease shall begin the day of the closing and end one year later. If the 5 Sellers new home has not received its certificate of occupancy during the one-year lease term, the lease may be extended for an additional 30 days. The lease payment shall be one dollar ($1.00) per month. The County has the right to inspect after the initial one year lease period and does not have to renew the lease. The terms of the lease shall be governed by a separate lease agreement. 9.11 "Seller acknowledges receipt of the "Notice to Owner" and understagds, his/her rights granted under Florida Law Chapters 73 and 74." nitials Initials IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date firstsetforth above .....BOARD OF COUNTYIC0 ;ss• , INDIAN RIVER COUNTY ORI ?°. N2S =W. • Bob Solari, Chairmai . Approved by BCC September 10, 2019 ATTEST: Jeffrey R. Smith, Clerk of Court and Comptroller By: Appr oek Deputy Clerk Jason Approved as t dministrator L: • . Sufficiency: William K. DeBraal, Deputy County Attorney Paul Edward Thomps /i IW • Jr 9 ate iaektittS.X15/9ennie Sue ThompsoJ161,644,61%. Date 6 EXHIBIT "A" 7Ae s trj*• vt- %ice' 4 -4 -or !e E5 r'F. r 4C7 i s 7Zaz.)1(J N fx- s; 4t erec, .c.#1>/x4 r -d 7"fes= f: ag,A tc e C'ra'y`'�"'t7r 72'1.41> 4c1C5, It46A.c. cslz hus7/410 r3,► P4de tilse.4-Ane 5 4 P":5 2- /z 5 5 .. .yap Commonly known as: 7125 66th Street, Vero Beach, FL 32967 Parcel ID Number: 32-39-06-00001-0090-00004.0 7 , .8/5/2619 Frint 1 BackslAn Indian Rivei County, Florida Property Appraiser - Printer Friendly Map 1 F Indian t 'nim ; itutri'da perty'-Appraistr Parceil 0 OwnerName PropertyAddress 323906000010090 ° Notes www.impa.org/PrintMap.aspx 50 • 100 GRAPHIC SCALE (1D - 50 FEEr) Sketch and Legal Description for/ND/AN RIVER COUNTY LEGAL DESCRIPTION Being the West 123.46 feet of the following described Parcel to wit: The South 90 feet of the South 355 feet of the East 10 acres of Tract 9, Section 6, Township 32 South, Range 39 East, Less the West 46.0 feet thereof, according to the Last General Plat of the INDIAN RIVER _.. FARMS .COMPANY ...SUBDIVISION, ._filed _in_the Office_of.the .Clerk _of the Circuit_Court .of.St._Lucie_ County,.____ Florida in Plat Book 2, Page 25; said land now lying and being in Indian River County, Florida. Containing 0.26 acres, more or less EXHIBIT "C" Surveyor's Notes 1). This Sketch and Legal Description wasprepared with the benefit of a Boundary Survey prepared by Indian River County Public Works Department, Survey Section, Job No. 1505, Dated May 23, 2018. Together with the Last General Plat of the Lands of the Indian River Farms Company Subdivision, Recorded in Plat Book 2, Page 25, Public Records of St. Lucie (now Indian River County), Florida. 2).This legal description shall not be valid unless: (a) Provided in its entirety consisting of 2 sheets , with sheet2 showing the sketch of the description. (b) Reproductions of the description and sketch are not valid unless signed and sealed with an embossed surveyor's seal. Legend and Abbreviations C.R. = COUNTY ROAD I.R.F.W.C.D. = INDIAN RIVER FARMS WATER CONTROL DISTRICT L = LENGTH OF ARC LLC = LIMITED LIABILITY COMPANY O.R.B. = OFFICIAL RECORD BOOK (P) = PLAT F.B. = PLAT BOOK PGE = PAGE PBS = PLAT BOOK ST. LUCIE A =DELTA ANGLE SQ. FT. = SQUARE FEET R = RANGE RAN = RIGHT-OF-WAY T = TOWNSHIP Certification (NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL OF A. FLORIDA LICENSED SURVEYOR AND MAPPER) I HEREBY CERTIFY THAT THE SKETCH AND LEGAL DESCRIPTION OF THE PROPERTY SHOWN AND DESCRIBED HEREON WAS COMPLETED UNDER MY DIRECTION AND SAID SKETCH AND LEGAL IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. 1 FURTHER CERTIFY THAT THIS SKETCH AND DESCRIPTION MEETS THE STANDARDS OF PRACTICE FOR SURVEYS SET FORTH BY THE FLORIDA PROFESSIONAL BOARD OF SURVEYORS AND MAPPERS IN CHAPTER 5J-17.052 FLO •A ADMINISTRATIVE CODE, PURSUANT TO SECTION 472.027 FLORIDA STATE STA S. DATE OF SIGNATURE ER PROFESSIONAL SURVEYS AND MAPPER FLORIDA CERTIFICATE. NO. 4864 AGENCY: /ND/AN RIVER COUNTY, FL PUBL/C WORKS DEPT./ENG/NEER/NG DH! DATE: 5/07/19 DRAWN BY: R. /NGL£TT SCALE: N/A APPROVED BY: D. SCHRYV£R SHEET: 1 OF 2 JOB NO: 1505 Sketch and Legal Description for.- /ND/4NR/VER COUNTY (7115 66th AVENUE) Sketch and Lega/Description for /ND/ANR/VER COUNTY 1TER - INDIAN LESS WEST 46 (0.R.B. 2343, PG. 842) m 1- 0 to w U O N w 0. 1') M 0 NORTH UNE OF THE SOUTHEAST 1/4 SECTION 8, S 1 3 SO ANGE 9 EAST NORTH LINE OF TRACT 9 NORTH UNE OF THE SOUTH 355 OF EAST 10 ACRES TRACT 9 • ll RIVER FARMS COMPANY TRACT 9 (PBS 2, PGE 25) //////////, WEST 123.46 v O 1 0 11,112 SQ. FT. jo (0.26 ACRES±) 01 D 0 V) NORTH UNE TRACT 16 NOT TO SCALE 999 '0N 0330 'd'rrL d0 3Nl 1SV3 156' 32-39-06-00001-0090-00005.0 INDIAN RIVER COUNTY SITE ADDRESS: 7115 66th AVENUE O.R.B. 2343, PG. 842 SOUTH UNE OF TRACT 9 30' — • a U v � 30' 20' 1 70' 70' Legend and Abbreviations C.R. = COUNTY ROAD I.R.F.W.C.D. = INDIAN RIVER FARMS WATER CONTROL DISTRICT L . = LENGTH OF ARC LLC = LIMITED LIABILITY COMPANY O.R.B. = OFFICIAL RECORD BOOK (P) = PLAT P.B. = PLAT BOOK PGE = PAGE AGENCY: /ND/AN RIVER COUNTY, FL PUBL/C WORKS' DEPT./ENG/NEER/NG DIV. 3N11 AVM 40-1H9121 PBS = PLAT BOOK ST. LUCIE A =DELTA ANGLE SQ. FT.= SQUARE FEET R = RANGE RNV = RIGHT-OF-WAY T = TOWNSHIP DATE: 5/07/19 DRAWN BY: R. /NOLETT SCALE: SHEET: N/A APPROVED BY: D. SCNRYVER 2 OF JOB NO: 1505 Sketch and Lega/Description for /ND/ANR/VER COUNTY (71/5 66th AVENUE) Sketch and Legal Description for/ND/AN RIVER COUNTY LEGAL DESCRIPTION Being the West 169.46 feet of the following described Parcel to wit: The North 90 feet of the South 355 feet of the East 10 acres of Tract 9, Section 6, Township 32 South, Range 39 East, INDIAN RIVER FARMS COMPANY SUBDIVISION, according to the Plat thereof, as recorded_ in. Plat Book 2, atPage(s)25, of the Public Records of St. Lucie County, Flonda,_saidlands now,. Tying and being in Indian River County, Florida. Containing 0.35 acres, more or less EXHIBIT "D" Surveyor's Notes 1). This Sketch and Legal Description was prepared with the benefit of a Boundary Survey prepared by Indian River County Public Works Department, Survey Section, Job No. 1505, Dated May 23, 2018. Together with the Last General Plat of the Lands of the Indian River Farms Company Subdivision, Recorded in Plat Book 2, Page. 25, Public Records of St. Lucie (now Indian River County), Florida. 2).This legal description shall not be valid unless: (a) Provided in its entirety consisting of 2 sheets , with sheet 2 showing the sketch of the description. (b) Reproductions of the description and sketch are not valid unless signed and sealed with an embossed surveyor's seal. Legend and Abbreviations C.R. = COUNTY ROAD I.R.F.W.C.D. = INDIAN RIVER FARMS WATER CONTROL DISTRICT L = LENGTH OF ARC LLC = LIMITED LIABILITY COMPANY O.R.B. = OFFICIAL RECORD BOOK (P) = PLAT P.B. = PLAT BOOK PGE ='PAGE PBS = PLAT BOOK ST. LUCIE n =DELTA ANGLE SQ. FT. = SQUARE FEET R = RANGE RAN = RIGHT-OF-WAY T = TOWNSHIP Certification (NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER) I HEREBY CERTIFY THAT THE SKETCH AND LEGAL DESCRIPTION OF THE PROPERTY SHOWN AND DESCRIBED HEREON WAS COMPLETED UNDER MY DIRECTION AND SAID SKETCH AND LEGAL. IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. I. FURTHER CERTIFY THAT THIS SKETCH AND DESCRIPTION MEETS THE STANDARDS OF PRACTICE FOR SURVEYS SET FORTH BY THE FLORIDA PROFESSIONAL BOARD OF SURVEYORS AND MAPPERS IN CHAPTER 5J-17.052 FLORIDA ADMINISTRATIVE CODE, PURSUANT TO SECTION 472.027 FLORIDA STATE STATU S. DATE OF SIGNATURE AVID W. SCH Ai ER PROFESSIONAL SURVEYS AND MAPPER FLORIDA CERTIFICATE NO. 4864 AGENCY: iND/AN RIVER COUNTY, FL PURL/C WORKS DEPT./ENG/NEER/NG D/V. DATE: 5/07/19 DRAWN BY: R. /HOLETT SCALE: N/A APPROVED BY: D. SCHRYVER SHEET: 1 OF 2 JOB NO: 1505 Sketch and Legal Description fora /ND/ANR/VER COUNTY (7135 66th AVENUE) Sketch and Legal Description for: IND/AN RIVER COUNTY /��WEST 169.4 2 NORTH LINE OF THE SOUTHEAST 1/4 SECTION 6, TOWNSHIP 32 SOUTH RANGE 39 EAST NORTH LINE OF TRACT 9 INDIAN RIVER FARMS COMPANY TRACT 9 (PBS 2, PGE 25) O,. i o'er 15,252 SQ. FT or1 (0.35 ACRES±); z, 156' 3 SI PARCEL 116 (0.32 ACRES) 39-06-00001-0090-00003.0 INDIAN -RIVER COUNTY_. _. - ADDRESS: 7135 66th AVENUE O.R.B. 2096, PG. 1040 30' 30' O CO X mV, w --iO -4-4 O �m D 4.0 SOUTH UNE OF TRACT 9 0 -47 m 1' IC m NOT TO SCALE 899 'ON 4334 'A'111 o 0f 5 rri G1 70' 20' l NORTH LIE iWAETT Legend and Abbreviations C.R. = COUNTY ROAD I.R,F.W.C.D. = INDIAN RIVER FARMS WATER CONTROL DISTRICT = LENGTH OF ARC = LIMITED LIABILITY COMPANY = OFFICIAL RECORD BOOK = PLAT = PLAT BOOK = PAGE L LLC O.R.B. (P) P.B. PGE 3N11 AVM 4O-1H9Ib PBS = PLAT BOOK ST. LUCIE A =DELTA ANGLE SQ. FT.= SQUARE FEET R = RANGE RNU = RIGHT-OF-WAY T = TOWNSHIP AGENCY: /ND/4N RIVER COUNTY, FL PUBL/C WORKS DEPT./ENG/NEER/NG D/K DATE: 5/07/19 DRAWN BY: R. /NOL£TT SCALE: N/A APPROVED BY: D. SCHRYV£R SHEET: 2 OF JOB NO: 1505 Sketch and Legal Description for: /ND/ANRIVER COUNTY (713566th AVENUE) 11/27/2019 Landmark Web Official Records Search 31 201 900641 88 RECORDED IN THE RECORDS OF JEFFREY R. SMITH, CLERK OF CIRCUIT COURT INDIAN RIVER CO FL BK: 3251 PG: 357,11/1/2019 3:40 PM D DOCTAX PD $0.70 Prepared by: Office of County Attomey Indian River County 1801 27th Street Vero Beach, FL 32960 772-226-1425 COUNTY DEED INDIAN RIVER COUNTY, FLORIDA THIS DEED, made this 21st day of October, 2019, by INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, party of the first part, whose mailing address is 1801 27th Street, Vero Beach, Florida 32960, and PAUL EDWARD THOMPSON AND RENNIE SUE THOMPSON, husband and wife, party of the second part, whose mailing address is 7125 66th Avenue, Vero Beach, FL 32967. WITNESSETH that the said party of the first part, for and in consideration of the sum of Ten Dollars ($10.00) to it in hand paid by the party of the second part, receipt whereof is hereby acknowledged, has granted, bargained and sold to the party of the second part, its successors and assigns forever, the following described property in "as is, where is" condition, with no warranties express or implied, Tying and being in Indian River County, Florida: Being the West 169.46 feet of the following described Parcel to wit: The North 90 feet of the South 355 feet of the East 10 acres of Tract 9, Section 6, Township 32 South, Range 39 East, according to the last general Plat of lands of the INDIAN RIVER FARMS COMPANY SUBDIVISION, as recorded in Plat Book 2, at Page(s) 25, of the Public Records of St. Lucie County Florida; said lands now lying an being in Indian River County, Florida. IN WITNESS WHEREOF the said party of the first part has caused these presents to be executed in its name by its Board of County Commissioners, acting by the Chairman of said Board, the day and year aforesaid. Attest: Jeffrey R. Smith, Clerk of Court and Comptroller By: () t (I04A) Deputy Clerk Approved as to form and Legal Suffici y: • illiam K. DeBraal Deputy County Attorney BCC approved: September 10, 2019 (Official Seal) https://ori.indian-river.org/search/index?theme=.blue&section=searchCriteriaName&quickSearchSelection=# 1/1 LEASE AGREEMENT This lease entered into on thisc---> 412day ofi 019 by the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, hereinafter called the "Landlord", and Paul Edward Thompson and Rennie Sue Thompson, hereinafter called the "Tenant", in consideration of the mutual promises and agreements set forth below, hereby agree as follows: WITNESSETH : 1. PROPERTY AND TERM. The Landlord hereby leases to the Tenant the property located at 7125 66th Avenue, Vero Beach, in the County of Indian River, Florida, more particularly described as follows: See Exhibit"A" attached hereto. For a term of 12 months commencing from the date of closing, terminating one year hence, for a total rental of Twelve Dollars ($12.00) payable at the rate of $1.00 per month payable in advance. The lease is being granted in order to provide time for the Tenants to construct a new home on the remainder property. 1.1 Extension of Lease. If the Tenants new home has not received its certificate of occupancy during the one-year lease term, the lease may be extended an additional 30 days. 1.2 Termination of Lease. Tenant may opt out of this lease anytime during the lease period by providing written notice to Landlord as such. 2. USE OF PREMISES. During the term of this Lease, the Tenant shall use the leased premises for a private, single family residence, and for no other purpose. Tenant shall not use the premises, or any part thereof, or permit the same to be used for any illegal, immoral, or improper purposes; not to make, or permit to be made, any disturbance, noise, or annoyance whatsoever detrimental to the premises or the comfort and peace of the inhabitants of the vicinity of the premises. 3. PROPERTY LEASED "AS IS". Tenant agrees that the property is being leased "as is" and that Landlord makes no warranty or guarantee of the condition of the property or any of the improvements. Tenant has examined the premises and has determined that the premises are suitable for Tenant's purposes. 4. COMPLIANCE OF LAW. Tenant shall comply with all of the laws, rules, ordinances, and regulations of the County, State and Federal Governments, and agencies regarding the use of the leased premises. Violation of any law, rule, ordinance or regulation may result in immediate termination of this lease. 1 5. MAINTENANCE AND REPAIRS. The Tenant agrees to make any and all repairs and improvements to the leased premises and agrees to keep said premises in a safe, clean and attractive condition during the term of this Lease. Upon the expiration of the Lease, the Tenant shall surrender the premises quietly and peaceably in substantially the same condition as it was at the outset of this Lease, reasonable wear and tear and damage by the elements excepted. 6. INSTALLATION AND REMOVAL OF EQUIPMENT AND FIXTURES. Tenant shall have the right to install on the premises such equipment, fixtures and other items necessary or convenient for its use of the premises. All equipment and property purchased by the Tenant and placed in, on, or about the leased premises, including equipment not affixed to the realty, shall remain the property of the Tenant. Tenant may remove same on or before the termination of the Lease, provided that if removal results in damage to any part of the leased premises, the Tenant shall return the leased property to a condition suitable for the original intended use of that part of the leased property. In addition, any and all personal property not attached or installed in any building or structure shall remain Tenant's property and may be removed on or prior to termination of this Lease. 7. PUBLIC UTILITIES. The Tenant will pay within time allowed for payment without penalties, all charges for water and electricity and all other public utilities which may arise from the Tenant's use of the leased property. The Tenant agrees to hold the LANDLORD harmless from any interruption in the use and services of such commodities. 8. HOLD HARMLESS. The Tenant agrees to hold harmless and indemnify Landlord from any liability which may arise from the Tenant's use of the leased property. 9. INSURANCE. The Tenant shall carry the following insurance coverage and shall furnish the Landlord a certificate of said coverage. 9.1 Renters Insurance. Tenant agrees to keep and maintain at all time during the lease term, at Tenant's expense, a renter's insurance policy protecting Landlord against any internal damage to the premises, and a general liability policy protecting Landlord against all claims and demands that may arise or be claimed on account of Tenant's use of the premises in an amount of at least $200,000 for individual injuries and $300,000 per occurrence. The policy shall be written by a carrier licensed to do business in Florida 9.2. Special Requirements. Ten days prior to the commencement of tenancy, a certificate of insurance shall be provided to the Risk Manager for review and approval. The certificate shall provide for the following: A. Indian River County shall be named as an "Additional Insured" on the general liability policy. B. Indian River County will be given thirty (30) days' notice prior to cancellation or modification of any stipulated insurance. Such notice shall be in writing by certified mail, return receipt requested, and addressed to the Risk Manager. 2 9.3 Lapse in Coverage. If the tenant allows insurance coverage required under this lease to lapse, expire or be canceled it shall be an immediate breach of the lease and grounds for eviction. 9.4 Damage by Fire or Other Causes. That in the event the premises are destroyed or so damaged by fire or other casualty as to be unfit for occupancy or use, then this Lease shall thereby be determined ended. Landlord shall not be liable to rebuild, replace or repair said premises. 10. MAINTENANCE OF EXTERIOR. Tenant agrees to mow grass and maintain the landscaping and shrubbery. Tenant agrees to maintain the automobile parking areas, driveways and the exterior of the building. 11. RIGHT TO INSPECT. The Landlord has the right to inspect the property after the initial one year lease period and does not have to renew the lease. 12. ASSIGNMENT OR SUBLEASE. Tenant shall not assign, sublease or transfer any part of this Lease without prior written consent of the Landlord which may be withheld for any reason. This lease is entered into with the knowledge that 2 adults shall reside in the house. No additional residents, whether permanent or temporary shall be permitted to move into the house during the term of the lease without Landlord's written consent. Tenant shall not mortgage the leased premises. 13. ATTORNEY'S FEES AND COSTS. In the event there arises any dispute or litigation over the terms and conditions of this Lease, the prevailing party shall be entitled to all attorney's fees, costs and suit money expended to resolve that dispute. 14. NOTICE. Any notices which are required, or which either party may desire to serve upon the other, shall be in writing and shall be deemed served when hand delivered, or when actually received via U.S. Mail, postage prepaid, return receipt requested, addressed to Tenant at: Paul Edward Thompson, Jr. and Rennie Sue Thompson 7125 66th Avenue Vero Beach, Florida 32967 Such notices to Landlord shall be addressed as follows: Board of County Commissioners of Indian River County Attention: Bob Solari, Chairman 1801 27th Street Vero Beach, Florida 32960-3388 These addresses may be changed by either party by providing written notification to the other. 15. RADON GAS. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon testing may be obtained from you county public health unit. This paragraph is included pursuant to the 3 requirement of Florida Statutes Chapter 404.056 for the purpose of public information and notification. 16. VIOLATION OF TERMS OF LEASE. If Tenant violates any of the covenants and conditions of this lease, then the Tenant shall become a Tenant at Sufferance, and in the event Tenant is evicted by suit at law, Tenant agrees to pay to Landlord all costs of such suit including a reasonable attorney's fee; that no assent, expressed or implied, to any breach of one or more of the covenants and agreements shall be deemed to be a waiver of any succeeding or other breach. IN WITNESS WHEREOF, we, the Landlord and Tenant, hereunto affixed our hands and seals at Vero Beach, Indian River County, Florida, the day and year first above written. ''jr co;tr' � .... .. .: 274i% . . /..„, j V INDIAN RIVER COUNTY, FLQ EDA *q •aul dward Thompson, Jr. RD OF COUNTY COMMIl,ON * • •.�•:'y 41 / / a ypQ-. d,/ W/.Ar1 ,10 Bob Solari, Chairman . outITY, ;.••°' ( ' 'nature) ' (Date) Approved by BCC September 10th, 2019 Rennie Sue Thompson 1/4-6(//m4A_L 5. J-10--n, ignature) I (Date) ATT ST: =ff =, R. S i h, Cler,of Court and Comptroller Witnessed by i Deputy Clerk (P name) (Date) \ ,..7 ..5 oil 4 Oeg App . • A Jason :. Bro n, County inistrator Ap r ved to Fr a g S iency: County Attorney 4 EXHIBIT "A" Ti' £, 7N 3-5'F or- TA- 44m- /o .4a.e65 z'f 7,e,9crr 7, 5,.,-arse 6, 3 z- 4-4 k f - 37 E'9 67; #GrCo 4e- csy r"o 7/51G 071j6Af t 24 P47 0% A.)12/ot.v Jaiv -a- 5 c 9PPr tl-- ?,i" C /��' o 7-110F CLEC k. of Pied- ,& yr crax'7 o F .571 a CJQ7").. R11.�.9, 7-41)..e> 4c/��5 .clb,ec <5,2 .0�s , J��QC►�i /v z� a6-32-3y'-00006 - o /Np'f4N Ri. e 2 Hs 4,Am-4 tr.e09,1.- •o.y Past-/2 5 35 P7 OP A/ 123-P7 ops 3g'45 J`! oi67491' /o 4 6f 7'4 ACT `T /-(iC'4 43 IiGG'R Coe/Air F620.21 PA P.¢l c1L /17 ?g-39-06 - /- 'f '-. 0000 3. Commonly known as: 7125 66th Avenue, Vero Beach, FL 32967 Parcel ID#: 32-39-06-00001-0090-00004.0 5 3120190064186 RTHE ROF JEFFREYRECODED R SMITHIN ,CLERK PUBLIC OF RECOCOURTDS INDIAN RIVER COUNTY FL BK: 3251 PG:353 Page 1 of 3 11/12019 3:40 PM D DOCTAX PD$0.70 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.:49084887 Property Appraisers Parcel Identification(Folio)Number: Portion of 32390600001009000004.0 Space above this line for Recording Data WARRANTY DEED THIS WARRANTY DEED,made the Z Sday of October,2019,by Paul Edward Thompson,Jr.and Rennie Sue Thompson,husband and wife,whose post office address is 7125 66th Avenue,Vero Beach,FL 32967,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) WITNESSETH: 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.: The East 156 feet of the following described parcel as recorded in Official Records Book 1880, Page 2221,of the Public Records of Indian River County,Florida. The South 355 feet of the East 10 Acres of Tract 9,Less the South 90 feet and Less the North 90 feet, Section 6, Township 32 South, Range 39 East, Indian River County, Florida, according to the Plat of Indian River Farms Company as recorded in Plat Book 2, Page 25,of the Public Records of St. Lucie County,Florida,said lands now lying and being in Indian River County,Florida. SEE ATTACHED EXHIBIT"A" Subject to easements,restrictions and reservations of record and taxes for the year 2020 and thereafter. Pursuant to Rule 12B-4013,F.A.C., this Warranty Deed is given to a governmental entity under threat of condemnation or as part of an out-of-court settlement of condemnation proceedings, and is not subject to tax. 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 31,2018. File No.:49084887 LTF IN WITNESS WHEREOF, the said Grantors have signed and sealed these presents the day and year first above written. Signed,sealed and delivered in the presence of: Witness#f'' ature Witness# Pri• ed Name �i t✓ � l(Seal) r 9 P .1 dward Thompson, Witn-ss •;• .Vgnature iie ifi.A• -. /4 • (Seal) $4i- SiMa� ennie Sue Thompson Witness#2 Printed Name State of Florida County of Indian River ,� The foregoing instrument was acknowledged before me this ��day of October,201 , P.ul Edward Thompson, Jr. and Rennie Sue Thompson, who are personally known to me or •- -_ . oduce. M1 as identification. iiii„„1„SEAL I�%LiR.. i ����'••SS��42023/RFs drPe / Off.����1 ••. Prin .tary ame My Commission Expires cr 18.i‘" 1 Q 5. — S, • N Bond!Jcp ///���j���8 YPUBI.I 1,` JIIIIII1N File No.:49084887 LTF 66TH AVENUE N I PARCEL 115 ZI EAST LINE �I col TRACT 9 z C7 W E T-s� Z r 'Y` t F z 0 20' -t- N ED• 0 S 100' m 9o' 10' -- w n a 50' zoo O m 'J to Z GRAPHIC SCALE a 15600' r1 N a w CO / o PARCEL 115 W J¢ 3239060ORB 00010090000 9G 222214.010 27,300 SQ.FT. $ Z Q 0 0.63 ACRES iii "' w U ' > 355' L Q j Q co _, TRACT 9 1 156.00' - C.0INDIAN RIVER FARMS CO. t PLAT BOOK 2, PAGE 25 I (ST, LUCIE) 90' a o WaN z 1 SOUTH LINE TRACT 9 1 1 °,E,01 73 w ={a�k �f '33a0 m �n � OONU cc, M c.zm�J e ?A < u7Z� -ate _ W- a �I I -50'+50 LEGAL DESCRIPTION RIGHT OF WAY PARCEL THE EAST 156 FEET OF THE FOLLOWING DESCRIBED PARCEL AS RECORDED IN OFFICIAL RECORDS BOOK 1880, PAGE 2221, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA THE SOUTH 355 FEET OF THE EAST 10 ACRES OF SAID TRACT 9, 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 LESS THE NORTH 90 FEET AND LESS THE SOUTH 90 FEET THEREOF. a ICONTAINING 27,300 SQUARE FEET OR 0.63 ACRES MORE OR LESS. s, I PROPOSED ACQUISITION PARCEL ACREAGE = 0.63 ACRES s i OF THEON ISI THAT PORTIONISENC MBEREDUBYnTHE FDOT PARCEL = 0.12 ACRES 6 RIGHT-OF-WAY 4 I P. 1 SURVEYORS NOTES 1) THIS IS A SKETCH OF LEGAL DESCRIPTION ONLY, NOT A BOUNDARY RETRACEMENT SURVEY. g 2) THE BEARING BASE FOR THIS SURVEY, IS THE EAST LINE OF SECTION 7. SAID LINE BEARS NORTH 00'00'25" EAST. E 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 UNE PROPERTY UNE This certifies that a legal description and sketch of the property sham < PROPOSED RIGHT OF WAY hereon was made under my superNson and that this legal description and eketch meets the standards of practice set forth by the Florida PARCEL Board of Professional Surveyors and Mappers In Chapter 3.1-17,Florida S — — RIGHT OF WAY UNE Administratie Code,pursuant to Section 472.027,Florida Statutes, and 8 P.O.C. POINT OF COMMENCEMENT that this drawing le a true and accurate representation thereof to the P.O.B. POINT OF BEGINNING best of my knowledge and belief.Subject to notes ••coons shown I R/W RIGHT OF WAY n. a ORB OFFICIAL RECORDS BOOK 0 _ IRA. PG PAGE EC Dt7IE7Eh P.SM-N0.51 9 FDOT FLORIDA DEPARTMENT OF } 2017 TRANSPORTATION JUL.TUR DALE: SECT. SECTION Not wild without the s(gnature and the original raised seal of a Florida Licensed Surveyor and Mapper. M eCac r-loc DATE LEGAL DESCRIPTION AND SKETCH OF SHEETs" `NUMBER I n WE KimIey *Horn 7/10/17 DRAIN BY DID ca � xe4I a .Er. oro*A�.IS. - PARCEL 115 1 OF 1 tle1EpT Em Me^TM�T a say matoa �moo P"aE°T"°• INDIAN RIVER COUNTY,FLORIDA vex°772-7''-4100 FAC 772-794-4772-794-41772-794-41300 47 03 50 41 rxrausax-xoex.cas c WESTCOR POLICY NO. LAND TITLE INSURANCE COMPANY OP-25-FL1394-8049587 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: 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. 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. Issued By: FL1394 * 49084887 WESTCOR LAND TITLE INSURANCE COMPANY Atlantic Coastal Land Title Company, LLCBy: /4 Q`On^ ,^QM 855 21st Street, Suite C Vero Beach, FL 32960 z „g SEA ',�c (resident S Attest: � /i wa Secretary 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- l. (a)Any law,ordinance,permit,or governmental regulation cords at Date of Policy,but Known to the Insured Claimant (i(incthose relating to building and zoning)restricting,regular- and not disclosed in writing to the Company by the Insured ncinc prohibiting, elor relating to Claimant prior to the date the Insured Claimant became an ing, Insured under this policy; (i)the occupancy,use,or enjoyment of the Land; (c)resulting in no loss or damage to the Insured Claimant; (ii)the character,dimensions,or location of any improve- (d)attaching or created subsequent to Date of Policy;or ment erected on the Land; (e)resulting in loss or damage that would not have been sus- (iii)the subdivision of land;or tamed if the Insured Claimant had paid value for the Title. (iv)environmental protection; 4.Any claim,by reason of the operation of federal bankruptcy,state or the effect of any violation of these laws, ordinances, insolvency,or similar creditors'rights laws,that the transaction or governmental regulations. This Exclusion 1(a) does vesting the Title as shown in Schedule A,is not modify or limit the coverage provided under Covered (a)a fraudulent conveyance or fraudulent transfer;or Risk 5. (b)Any governmental police power.This Exclusion 1(b)does not (b)a preferential transfer for any reason not stated in Covered modify or limit the coverage provided under Covered Risk 6. Risk 9 of this policy. 2. Rights of eminent domain. This Exclusion does not modify or 5.Any lien on the Title for real estate taxes or assessments imposed limit the coverage provided under Covered Risk 7 or 8. by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other 3.Defects,liens,encumbrances,adverse claims,or other matters 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 without Knowledge.With respect to Covered Risk 5(d),"Public The following terms when used in this policy mean: Records"shall also include environmental protection liens filed in the records of the clerk of the United States District Court (a)"Amount of Insurance": The amount stated in Schedule A, as for the district where the Land is located. may be increased or decreased by endorsement to this policy, increased by Section 8(b),or decreased by Sections 10 and 11 (J)"Title":The estate or interest described in Schedule A. of these Conditions. (k)"Unmarketable Title":Title affected by an alleged or apparent (b) "Date of Policy": The date designated as "Date of Policy" in matter that would permit a prospective purchaser or lessee of Schedule A. the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition (c) "Entity": A corporation, partnership, trust, limited liability requiring delivery of marketable title. company,or other similar legal entity. (d)"Insured":The Insured named in Schedule A. 2.CONTINUATION OF INSURANCE (i)The term"Insured"also includes 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 (A)successors to the Title of the Insured by operation of an estate or interest in the Land,or holds an obligation secured by a law as distinguished from purchase, including heirs, purchase money Mortgage given by a purchaser from the Insured, devisees, survivors, personal representatives, or next or only so long as the Insured shall have liability by reason of war- of kin; ranties in any transfer or conveyance of the Title.This policy shall (B)successors to an Insured by dissolution, merger, con- not continue in force in favor of any purchaser from the Insured solidation,distribution,or reorganization; of either(i) an estate or interest in the Land, or(ii)an obligation (C)successors to an Insured by its conversion to another secured by a purchase money Mortgage given to the Insured. kind of Entity; 3.NOTICE OF CLAIM TO BE GIVEN BY INSURED (D)a grantee of an Insured under a deed delivered without CLAIMANT payment of actual valuable consideration conveying the The Insured shall notify the Company promptly in writing (i) in Title case of any litigation as set forth in Section 5(a) of these Condi- (I) if the stock, shares,memberships, or other equity tions,(ii)in case Knowledge shall come to an Insured hereunder of interests of the grantee are wholly-owned by the any claim of title or interest that is adverse to the Title,as insured, named Insured, and that might cause loss or damage for which the Company may (2) if the grantee wholly owns the named Insured, 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 (3) if the grantee is wholly-owned by an affiliated En- the failure of the Insured Claimant to provide prompt notice, the tity of the named Insured, provided the affiliated Company's liability to the Insured Claimant under the policy shall Entity and the named Insured are both wholly- be reduced to the extent of the prejudice. owned by the same person or Entity,or 4.PROOF OF LOSS (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the In the event the Company is unable to determine the amount of loss Insured named in Schedule A for estate planning or damage,the Company may,at its option,require as a condition purposes. of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect,lien,encumbrance,or (ii)With regard to(A),(B),(C),and(D)reserving,however,all other matter insured against by this policy that constitutes the basis rights and defenses as to any successor that the Company of loss or damage and shall state,to the extent possible,the basis would have had against any predecessor Insured. of calculating the amount of the loss or damage. (e)"Insured Claimant":An Insured claiming loss or damage. 5.DEFENSE AND PROSECUTION OF ACTIONS (f) "Knowledge" or "Known": Actual knowledge, not construe- (a)Upon written request by the Insured,and subject to the options tive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart contained in Section 7 of these Conditions, the Company, at constructive notice of matters affecting the Title. its own cost and without unreasonable delay,shall provide for the defense of an Insured in litigation in which any third party (g)"Land":The land described in Schedule A,and affixed improve- asserts a claim covered by this policy adverse to the Insured. ments that by law constitute real property. The term "Land" This obligation is limited to only those stated causes of action does not include any property beyond the lines of the area alleging matters insured against by this policy.The Company described in Schedule A,nor any right,title,interest,estate,or shall have the right to select counsel of its choice(subject to the easement in abutting streets,roads,avenues,alleys,lanes,ways, right of the Insured to object for reasonable cause)to represent or waterways,but this does not modify or limit the extent that the Insured as to those stated causes of action. It shall not be a right of access to and from the Land is insured by this policy. liable for and will not pay the fees of any other counsel. The (h)"Mortgage":Mortgage,deed of trust,trust deed,or other secu- Company will not pay any fees,costs,or expenses incurred by rity instrument, including one evidenced by electronic means the Insured in the defense of those causes of action that allege authorized bylaw. matters not insured against by this policy. (i) "Public Records": Records established under state statutes at (b) The Company shall have the right, in addition to the options Date of Policy for the purpose of imparting constructive notice contained in Section 7 of these Conditions,at its own cost, to of matters relating to real property to purchasers for value and 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 in its opinion may be necessary or desirable to or tender payment of the Amount of Insurance under this policy establish the Title, as insured, or to prevent or reduce loss or damage to the Insured.The Company may take any appropri- together with any costs,attorneys'fees,and expenses incurred by the Insured Claimant that were authorized by the Company ate action under the terms of this policy,whether or not it shall up to the time of payment or tender of payment and that the be liable to the Insured. The exercise of these rights shall not Company is obligated to pay. be an admission of liability or waiver of any provision of this policy.If the Company exercises its rights under this subsection, Upon the exercise by the Company of this option,all liability it must do so diligently. and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, (c) Whenever the Company brings an action or asserts a defense shall terminate,including any liability or obligation to defend, as required or permitted by this policy,the Company may prosecute,or continue any litigation. pursue the litigation to a final determination by a court of competent jurisdiction,and it expressly reserves the right, (b)To Pay or Otherwise Settle With Parties Other Than the Insured in its sole discretion, to appeal any adverse judgment or or With the Insured Claimant. order. (i)to pay or otherwise settle with other parties for or in the name 6.DUTY OF INSURED CLAIMANT TO COOPERATE of an insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, (a) In all cases where this policy permits or requires the Company attorneys'fees,and expenses incurred by the Insured Claim- to prosecute or provide for the defense of any action or proceed- ant that were authorized by the Company up to the time ing and any appeals,the Insured shall secure to the Company of payment and that the Company is obligated to pay;or the right to so prosecute or provide defense in the action or (ii)to pay or otherwise settle with the Insured Claimant the loss proceeding, including the right to use, at its option,the name or damage provided for under this policy,together with any of the Insured for this purpose. Whenever requested by the costs,attorneys'fees,and expenses incurred by the Insured Company,the Insured,at the Company's expense,shall give the Claimant that were authorized by the Company up to the Company all reasonable aid(i)in securing evidence,obtaining time of payment and that the Company is obligated to pay. witnesses,prosecuting or defending the action or proceeding, or effecting settlement, and(ii)in any other lawful act that in Upon the exercise by the Company of either of the options provided the opinion of the Company may be necessary or desirable to for in subsections(b)(i) or(ii), the Company's obligations to the establish the Title or any other matter as insured.If the Company Insured under this policy for the claimed loss or damage,other than is prejudiced by the failure of the Insured to furnish the required the payments required to be made,shall terminate,including any li- cooperation, the Company's obligations to the Insured under ability or obligation to defend,prosecute,or continue any litigation. the policy shall terminate,including any liability or obligation 8.DETERMINATION AND EXTENT OF LIABILITY to defend,prosecute,or continue any litigation,with regard to the matter or matters requiring such cooperation. This policy is a contract of indemnity against actual monetary loss (b)The Company may reasonably require the Insured Claimant to or damage sustained or incurred by the Insured Claimant who has submit to examination under oath by any authorized representa- suffered loss or damage by reason of matters insured against by tive of the Company and to produce for examination,inspection, this policy. and copying, at such reasonable times and places as may be (a)The extent of liability of the Company for loss or damage under designated by the authorized representative of the Company, this policy shall not exceed the lesser of all records,in whatever medium maintained,including books, (i)the Amount of Insurance;or ledgers,checks,memoranda,correspondence,reports,e-mails, disks,tapes,and videos whether bearing a date before or after (ii) the difference between the value of the Title as insured and Date of Policy, that reasonably pertain to the loss or damage. the value of the Title subject to the risk insured against by Further, if requested by any authorized representative of the this policy. Company, the Insured Claimant shall grant its permission, in (b)If the Company pursues its rights under Section 5 of these Con- writing, for any authorized representative of the Company to ditions and is unsuccessful in establishing the Title,as insured, examine,inspect,and copy all of these records in the custody or (i)the Amount of Insurance shall be increased by 10%,and control of a third party that reasonably pertain to the loss or dam- age.All information designated as confidential by the Insured (ii)the Insured Claimant shall have the right to have the loss Claimant provided to the Company pursuant to this Section shall or damage determined either as of the date the claim was not be disclosed to others unless,in the reasonable judgment of made by the Insured Claimant or as of the date it is settled the Company,it is necessary in the administration of the claim. and paid. Failure of the Insured Claimant to submit for examination under (c)In addition to the extent of liability under(a)and(b),the Corn- oath,produce any reasonably requested information, or grant pany will also pay those costs,attorneys'fees,and expenses in- permission to secure reasonably necessary information from curred in accordance with Sections 5 and 7 of these Conditions. third parties as required in this subsection, unless prohibited 9.LIMITATION OF LIABILITY by law or governmental regulation,shall terminate any liability of the Company under this policy as to that claim. (a) If the Company establishes the Title, or removes the alleged OPTIONS TO PAY OR OTHERWISE SETTLE defect,lien,or encumbrance,or cures the lack of a right of ac- 7.CLAIMS;TERMINATION OF LIABILITY cess to or from the Land,or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any In case of a claim under this policy, the Company shall have the method,including litigation and the completion of any appeals, following additional options: it shall have fully performed its obligations with respect to that (a) To Pay or Tender Payment of the Amount of Insurance.To pay 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 Corn- Arbitration pursuant to this policy and under the Rules in effect pany or with the Company's consent,the Company shall have on the date the demand for arbitration is made or,at the option of no liability for loss or damage until there has been a final deter- the Insured,the Rules in effect at Date of Policy shall be binding mination by a court of competent jurisdiction,and disposition upon the parties. The award may include attorneys' fees only if of all appeals,adverse to the Title,as insured. the laws of the state in which the Land is located permit a court (c)The Company shall not be liable for loss or damage to the to award attorneys' fees to a prevailing party.Judgment upon the Insured for liability voluntarily assumed by the Insured in set- award rendered by the Arbitrator(s) may be entered in any court tling any claim or suit without the prior written consent of the having jurisdiction thereof. Company. The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. 10.REDUCTION OF INSURANCE;REDUCTION OR TERMINATION OF LIABILITY A copy of the Rules niay be obtained from the Company upon request. All payments under this policy,except payments made for costs, attorneys'fees,and expenses,shall reduce the Amount of Insurance 15.LIABILITY LIMITED TO THIS POLICY; POLICY by the amount of the payment. ENTIRE CONTRACT 11.LIABILITY NONCUMULATIVE (a) This policy together with all endorsements,if any,attached to it by the Company is the entire policy and contract between the The Amount of Insurance shall be reduced by any amount the Corn- Insured and the Company.In interpreting any provision of this pany pays under any policy insuring a Mortgage to which exception policy,this policy shall be construed as a whole. 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 (b)Any claim of loss or damage that arises out of the status of the Policy and which is a charge or lien on the Title,and the amount Title or by any action asserting such claim whether or not based so paid shall be deemed a payment to the Insured under this policy. on negligence shall be restricted to this policy. 12.PAYMENT OF LOSS (c)Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person,or expressly When liability and the extent of loss or damage have been definitely incorporated by Schedule A of this policy. fixed in accordance with these Conditions, the payment shall be (d)Each endorsement to this policy issued at any time is made a made within 30 days. part of this policy and is subject to all of its terms and provi- 13.RIGHTS OF RECOVERY UPON PAYMENT OR sions. Except as the endorsement expressly states,it does not SETTLEMENT (i) modify any of the terms and provisions of the policy, (ii) (a) Whenever the Company shall have settled and paid a claim modify any prior endorsement,(iii)extend the Date of Policy, or(iv)increase the Amount of Insurance. under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights 16.SEVERABILITY and remedies in respect to the claim that the Insured Claimant In the event any provision of this policy,in whole or in part,is held has against any person or property,to the extent of the amount invalid or unenforceable under applicable law,the policy shall be of any loss, costs, attorneys' fees, and expenses paid by the deemed not to include that provision or such part held to be invalid, Company.If requested by the Company,the Insured Claimant but all other provisions shall remain in full force and effect. shall execute documents to evidence the transfer to the Com- pany of these rights and remedies.The Insured Claimant shall 17.CHOICE OF LAW; FORUM permit the Company to sue,compromise,or settle in the name of (a) Choice of Law: The Insured acknowledges the Company has the Insured Claimant and to use the name of the Insured underwritten the risks covered by this policy and determined Claimant in any transaction or litigation involving these rights the premium charged therefor in reliance upon the law affecting and remedies. interests in real property and applicable to the interpretation, If a payment on account of a claim does not fully cover the loss rights,remedies, or enforcement of policies of title insurance of the Insured Claimant,the Company shall defer the exercise of the jurisdiction where the Land is located. of its right to recover until after the Insured Claimant shall Therefore,the court or an arbitrator shall apply the law of the have recovered its loss. jurisdiction where the Land is located to determine the validity (b)The Company's right of subrogation includes the rights of the of claims against the Title that are adverse to the Insured and Insured to indemnities,guaranties,other policies of insurance, to interpret and enforce the terms of this policy.In neither case or bonds, notwithstanding any terms or conditions contained shall the court or arbitrator apply its conflicts of law principles in those instruments that address subrogation rights. to determine the applicable law. 14.ARBITRATION (b)Choice of Forum:Any litigation or other proceeding brought by the Insured against the Company must be filed only in a Unless prohibited by applicable law, arbitration pursuant to the state or federal court within the United States of America or its Title Insurance Arbitration Rules of the American Arbitration As- territories having appropriate jurisdiction. sociation may be demanded if agreed to by both the Company and the Insured at the time of a controversy or claim.Arbitrable mat- 18.NOTICES,WHERE SENT ters may include,but are not limited to,any controversy or claim Any notice of claim and any other notice or statement in writing between the Company and the Insured arising out of or relating required to be given to the Company under this policy must be to this policy,and service of the Company in connection with its given to the Company at: 875 Concourse Parkway South, Suite issuance or the breach of a policy provision or other obligation. 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: 49084887 OP-25-FL1394- 11/1/2019 @ 3:40 PM $1,450.00 $275,000.00 8049587 Property Type: State: Florida, County: INDIAN RIVER Address Reference: 7125 66th Avenue, 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: The East 156 feet of the following described parcel as recorded in Official Records Book 1880, Page 2221, of the Public Records of Indian River County, Florida. The South 355 feet of the East 10 Acres of Tract 9, Less the South 90 feet and Less the North 90 feet, Section 6, Township 32 South, Range 39 East, Indian River County, Florida, according to the Plat of Indian River Farms Company as recorded in Plat Book 2, Page 25, of the Public Records of St. Lucie County, Florida, said lands now lying and being in Indian River County, Florida. Issued By - Atlantic Coastal Land Title Company, LLC / 855 21st Street, Suite C l Vero Beach, Florida 32960 772-569-4364 Telephone 772-569-8688 Fax LTF-I ALTA 6-17-06 OWNER'S POLICY (WITH FLORIDA MODIFICATIONS) Policy No.OP-25-FL1394-8049587 File No.:49084887 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. 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. 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 2020 and subsequent years, which are not yet due and payable. 6. 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. 7. Restrictions, dedications, reservations, setbacks and easements, if any, as indicated and/or shown on that certain Plat recorded in Plat Book 2, at Page(s) 25, of the Public Records of Saint Lucie County, Florida, said lands now lying and being in Indian River County, Florida. 8. Actual acreage is neither insured nor guaranteed. 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.:49084887 LW-, CLOSING AGREEMENT Seller(s): Paul Edward Thompson,Jr. and Rennie Sue Thompson Buyer(s): Indian River County,a political subdivision of the State of Florida Closing Agent: Atlantic Coastal Land Title Company,LLC Property Location: 7125 66th Avenue,Vero Beach,Florida 32967 The undersigned hereby acknowledge(s) and understand that contracts, affidavits, deeds, loan documents and similarly related documents associated with a real estate transaction are legal and binding documents. The closing agent is here to facilitate and close the transaction but does not represent the parties as legal counsel. If at any time I(we) do not understand the meaning and consequences of any document and its terms and obligations, I(we) have been advised not sign any document before the seeking the advice of an attorney. TAX RE-PRORATION AGREEMENT: If the property tax Bill for the year of closing has not been issued by the Tax Collector at the time of closing, then the tax prorations set forth on the closing statement are based upon an estimate, and that the actual taxes for the calendar year in which "closing"takes place could represent an amount substantially different from that upon which the proration was based. If such a difference is realized, the parties agree that upon demand of the other, to, without unreasonable delay, re- prorate said taxes based on the actual amount of the bill rendered, using formulae standard in the industry, and to make an appropriate,monetary adjustment between themselves.The Closing Agent is not responsible to make further adjustments. AGREEMENT TO COOPERATE: If requested by Lender(if any) or Closing Agent, the parties agree to fully cooperate and adjust for clerical errors, including the execution or re-execution of any reasonable document and/or the remittance of any additional sum. The parties further agree that any amounts of money due others for services rendered in conjunction with subject "closing" (such as balances owed to existing mortgagees, loan costs associated with a new mortgage, survey, termite or roof inspection fees, or other such costs or fees due), not collected or paid for out of closing funds, remain the responsibility of the contracting party to so pay, and the collection and remittance of such fees, costs or indebtedness by the closing agent is a courtesy service provided by the closing agent,with the contracting party remaining liable for payment of any such fees,or shortages,not collected from the obligated party coincident to the"closing". HOMEOWNER'S/CONDOMINIUM ASSOCIATION(S) (IF APPLICABLE): The Buyer acknowledges the existence of any homeowners and/or condominium association(s) and is aware that monthly, quarterly or annual maintenance assessments may be due to said association(s). Said association(s)may also have the authority to regulate and enforce community covenants and restrictions. PROPERTY CONDITION: Closing Agent does not make any representations or warranties nor assume any liability with respect to the physical condition of the property, and any repairs to the property. SURVEY(IF REQUIRED OR OBTAINED): The Buyer hereby acknowledges receipt of a copy of any survey prepared for the subject transaction.The Buyer has reviewed said survey and accepts title subject to the matters set forth on said survey. CLOSING/SETTLEMENT STATEMENT: Closing Agent does not adjust and/or assume liability for charges for water, rents, gas, electricity, taxes on personal property, garbage taxes or fees, license taxes, association assessments or dues, or estoppel information furnished by mortgagees or others. Sometimes recording fees and courier/express mail fees may vary due to the unknown amounts at the time of closing. Therefore, the parties acknowledge hereto, that monies collected for recording and courier/express mail fees may be more or less than the amount collected on the closing statement. Any shortfalls or overages Page 1 of 2 File No.:49084887 LTF shall be considered the cost of doing business. Closing Agent will neither refund or collect said differences The closing/settlement statement has been reviewed and approved, and the Closing Agent is irrevocably authorized to make disbursements in accordance therewith. CURRENT MORTGAGES AND REAL ESTATE TAXES: The Sellers acknowledge that the payoff statement received by the Closing Agent from the current mortgagees may be subject to final audit after receipt of the payoff funds resulting in a demand by said mortgagee for additional funds and Sellers agree to hold Atlantic Coastal Land Title Company,LLC harmless for the loss or damage incurred due to any inaccurate payoff balance whether in writing or given verbally and agrees to pay the shortage immediately to Atlantic Coastal Land Title Company, LLC. The Seller further agrees that responsibility for unpaid real property taxes and/or assessments not collected or prorated coincident to closing, notwithstanding any error or omission on behalf of the closing agent in reporting, collecting, or discovering same, shall remain the responsibility of Seller. PARTIES: "Seller" and"Buyer" indicate singular or plural, as the context so requires or admits. Ins' • erC nth :/1 Paul Edward Thompson,Jr. - Seller A illiam K. DeBraal,Deputy County Attorney - Buyer Rennie Sue Thompson - Seller y Date: Date: 7- Z ' r� Date: Date: SELLER(S)ADDRESS AND PHONE NUMBER(S)AFTER CLOSING Address: Phone Number(s) Home: Work: E-Mail Address: Other: Page 2 of 2 File No.:49084887 LTF A. Settlement Statement U.S.Department of Housing and Urban Development OMB Approval No.2502-0265 47 r B.Type of Loan 1.❑ FHA 2.❑ RHS 3.D Cony.Unins. 6.File Number 7.Loan Number 8.Mortgage Insurance Case Number 49084887 4.❑ VA 5.❑ Cony.Ins. 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 Florida Paul Edward Thompson,Jr. 1801 27th Street Rennie Sue Thompson Vero Beach,Florida 32960 7125 66th Avenue Vero Beach,Florida 32967 G.Property Location H.Settlement Agent 7125 66th Avenue Atlantic Coastal Land Title Company,LLC Vero Beach,Florida 32967 _-855 21st St.Suite C,Vero Beach,FL 32960 Place of Settlement I.Settlement Date 855 21st Street 10/21/19 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 275,000.0.0 401. Contract sales price 275,000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower(line 1400) 56,794.40 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. City/town taxes to 406. City/town taxes to 107. County taxes to 407. County taxes to 108. Assessments to 408. Assessments to 109. 409. 110. _ 410. 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 331,794.40 420. GROSS AMOUNT DUE TO SELLER 275,000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER 201. Deposit or eamest money 501. Excess Deposit(see instructions) 202. Principal amount of new loan(s) 502. Settlement charges to seller(line 1400) 120.00 203. Existing loan(s)taken subject to 503. Existing loans taken subject to 204. 504. Payoff of first mortgage loan 4,401.87 Carolyn Y.Storey 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. City/town taxes to 510. City/town taxes to 211. County taxes to 511. County taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER 520. TOTAL REDUCTION AMOUNT DUE SELLER 4,521.87 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER 301. Gross amount due from borrower(line 120) 331,794.40 601. Gross amount due to seller(line 420) 275,000.00 302. Less amounts paid by/for borrower(line 220) 602. Less reduction amount due to seller(line 520) 4,521.87 303. CASH FROM BORROWER 331,794.40 603. CASH TO SELLER 270,478.13 10-24-2019 at 10:04 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:49084887 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 property taxes 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,Mortgage Ins&Annual Assessments 1100. TITLE CHARGES 1101. Settlement or closing fee to Atlantic Coastal Land Title Company,LLC 300.00 1102. Abstract or title search to Westcor Land Title Insurance Company 85.00 1103. Title examination to 1104. Title insurance binder to 1105. Document preparation to 1106. Notary fees to 1107. Attorney's fees to Brent Simon Law Group 41,250.00 (includes above item No: 1108. Title insurance to Westcor Land Title Insurance Company 1,450.00 (includes above item No: 1109. Lender's coverage 1110. Owner's coverage 275,000.00---1,450.00 1111. Digital Archive/LandTech Fee Forensis/LandTech 35.00 1112. Wire Fee CenterState Bank 16.00 1113. Courier Fees Federal Express 100.00 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording fees Deed$ 27.00 ;Mortgage$ ;Releases$ 27.00 1202. City/county/stamps Deed$ ;Mortgage$ 1203. State tax/stamps Deed$ ;Mortgage$ 1204. Intangible Tax Deed$ ;Mortgage$ 1205. Satisfaction of Mortgage 10.00 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest inspection to 1303. 1304. Expert witness costs Brent Simon Law Group 13,610.00 r. 1305. Record Deeds to Seller Indian River County 21.40 1306. Record Continuous Marriage Aff Indian River County 10.001 1307. 1308. 1400. TOTAL SETTLEMENT CHARGES (enter on lines 103 and 502,Sections J and K) _- 56,794.40 120.00 10-24-2019 at 10:04 AM form HUD-1(3/86)ref Handbook 4305.2 HUD-1 SETTLEMENT STATEMENT File Number: 49084887 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 Coun ,, iGlliam 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. Sellers Paul Edward Thompson,Jr. Rennie Sue Thompson 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 21st,2019 HUD-1 SETTLEMENT STATEMENT File Number:49084887 I have carefully reviewed the HUD-I 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 illiam 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. Sellers Paul Edward Thompson,Jr. ennie Sue Thompson 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: 74000. Date: October 21st,2019