HomeMy WebLinkAbout2020-016AGREEMENT TO PURCHASE, SELL, AND LEASE REAL ESTATE
BETWEEN INDIAN RIVER COUNTY
AND
ROBERT E. HALE & DAVID DEBERRY
THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is
made and entered into as of the 4th day of February , 2020, by and between Indian
River County, a political subdivision of the State of Florida ("the County"), and Robert E.
Hale and David DeBerry, ("the Seller) who agree as follows:
WHEREAS, Seller owns property located at 695 Old Dixie Highway SW, Vero
Beach, Florida 32962. A legal description of the property is attached to this agreement as
Exhibit "A" and incorporated by reference herein; and
WHEREAS, the County is purchasing the property for future stormwater and
drainage purposes; and
WHEREAS, in order to proceed with future stormwater and drainage plans, the
County needs to purchase property along Old Dixie Highway SW; and
WHEREAS, the Seller contacted the County to purchase the parcel of approximately
1.32 acres of property as depicted on Exhibit "A", 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 .
ollows:
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 695 Old Dixie Highway
SW, Vero Beach, Florida and more specifically described in the legal description attached
as Exhibit "A", fee simple, containing approximately 1.32 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 $175,000.00 (One Hundred Seventy Five Thousand and 00/100 Dollars).
The Purchase Price shall be paid on the Closing Date. The Effective Date of this
Agreement shall be the date upon which the County shall have approved the execution of
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.
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
2
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) The Seller shall have removed all of their personal property and equipment from the
Property and shall deliver possession of the Property to County in the same or better
condition that existed at the Effective Date hereof.
(c) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails
to do so, County may use a portion of Purchase Price funds to satisfy the encumbrances.
(d) If the Seller is 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.
(e) The Seller and the County shall each deliver to the other such other documents or
instruments as may reasonably be required to close this transaction.
6.2 Taxes. All taxes and special assessments which are a lien upon the property on or
prior to the Closing Date (including current taxes which are not yet due and payable)
shall be paid by the Seller.
7. Closing Costs; Expenses. County shall be responsible for preparation of all Closing
documents.
7.1 County shall pay the following expenses at Closing:
7. 1.1 The cost of recording the warranty deed and any release or satisfaction obtained by
Seller pursuant to this Agreement.
7.1.2 Documentary Stamps required to be affixed to the warranty deed.
7.1.3 All costs and premiums for the owner's marketability title insurance commitment and
policy, if any.
7.2 Seller shall pay the following expenses at or prior to Closing:
7.2.1 All costs necessary to cure title defect(s) or encumbrances, other than the
Permitted Exceptions, and to satisfy or release of record all existing mortgages, liens or
encumbrances upon the Property.
8. Miscellaneous.
8.1 Controllinq Law. This Agreement shall be construed and enforced in accordance
with the laws of the State of Florida. Venue shall be in Indian River County for all state
court matters, and in the Southern District of Florida for all federal court matters.
8.2 Condemnation. In the event that all or any part of the Property shall be acquired or
condemned for any public or quasi -public use or purpose, or if any acquisition or
condemnation proceedings shall be threatened or begun prior to the Closing of this
transaction, County shall have the option to either terminate this Agreement, and the
obligations of all parties hereunder shall cease, or to proceed, subject to all other terms,
covenants, conditions, representations and warranties of this Agreement, to the Closing of
the transaction contemplated hereby and receive title to the Property; receiving, however,
any and all damages, awards or other compensation arising from or attributable to such
acquisition or condemnation proceedings. County shall have the right to participate in any
such proceedings.
8.3 Entire Agreement. This Agreement constitutes the entire agreement between the
parties with respect to this transaction and supersedes all prior agreements, written or
oral, between the Seller and the County relating to the subject matter hereof. Any
modification or amendment to this Agreement shall be effective only if in writing and
executed by each of the parties.
8.4 Assignment and Binding Effect. Neither County nor Seller may assign its rights and
obligations under this Agreement without the prior written consent of the other party. The
terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and
their successors and assigns.
8.5 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:
If to Seller: Robert E. Hale
695 Old Dixie Highway S.W.
Vero Beach, FL 32962
David DeBerry
553 SE 23rd Street
Vero Beach, FL 32962
If to County: Indian River County
1801 27th Street
Vero Beach, FL. 32960
Attn: Land Acquisition/Monique Filipiak
4
Either party may change the information above by giving written notice of such change as
provided in this paragraph.
8.6 Survival and Benefit. Except as otherwise expressly provided herein, each
agreement, representation or warranty made in this Agreement by or on behalf of either
party, or in any instruments delivered pursuant hereto or in connection herewith, shall
survive the Closing Date and the consummation of the transaction provided for herein.
The covenants, agreements and undertakings of each of the parties hereto are made
solely for the benefit of, and may be relied on only by the other party hereto, its successors
and assigns, and are not made for the benefit of, nor may they be relied upon, by any other
person whatsoever.
8.7 Attorney's Fees and Costs. In any claim or controversy arising out of or relating to
this Agreement, each party shall bear its own attorney's fees, costs, and expenses.
8.8. Counterparts. This Agreement may be executed in two or more counterparts, each
one of which shall constitute an original.
8.9. County Approval Required: This Agreement is subject to approval by the Indian
River County as set forth in paragraph 2.
8.10 Beneficial Interest Disclosure: In the event Seller is a partnership, limited
partnership, corporation, trust, or any form of representative capacity whatsoever for
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.
5
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first set forth above.
INDIAN RIVER COUNTY,
BOARD OF COUN CWMISISW S
sand dams, Chair an =
Date Approved by BCC 02/04/2o2atiR!vERg `
ik E. Hale to
David DeBerry
ATTEST:
Jeffrey . Smith, Cle of Court and Comptroller
By: 1".
Deputy Clerk
M
Jason EJ Brhwn, Coafffy Administrator
Approved as to FoR and L al Sufficiency -
County Atto'rne'y
-
M
+�1'2�
1*/:11-Amr-A
(BEING A PORTION OF PARCEL 2)
(PER O.R.B. 1420, PG. 1977)
Beginning at the Southwest Corner of the Northwest One Quarter of the Southwest One
Quarter of Section 19, Township 33 South, Range 40 East, and from thence running East
554.3 feet to the Right of Way of the Florida East Coast Railroad; Thence run
Northwesterly along said Right of Way, 339.7 feet; Thence West along the South line of
Elias Helseth as described in deed recorded in Deed Book 7, Pg. 55, on September 5,
1911, to the West line of said Northwest One Quarter of the Southwest One Quarter and
from thence run South 330 feet to the Point of Beginning, except the Right of Way of the
Old Dixie Highway, said Land lying and being in Indian River County, Florida.
LESS:
That portion of the Parcel as described above, lying West of the East Right of way of Old
Dixie Highway, As shown on the Florida Department of Transportation Maintenance Map
for State Road 605 (Old Dixie Highway) per Plat Book 9, Page 87, of the Public records of
Indian River County, Florida
ALSO LESS:
The Florida East Coast Railroad Right of Way, Being the Easterly 100 Feet of the Parcel
as described above.
Commonly known as: 695 Old Dixie Highway SW, Vero Beach, FL 3296
Parcel ID Number: 33-40-19-00000-5000-00008.0 — East of Old Dixie Highway SW
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Print I Back
Indian River County, Florida Property Appraiser
Page 1 of 1
ParcelID OwnerName PropertyAddress
33401900000500000008.0 HALE ROBERT E & 695 OLD DIXIE HWY SW VERO BEACH, FL 32962
Notes
http://www.ircpa.org/PrintMap.aspx 1/17/2020
Prepared by and return to:
Jason Beal
Atlantic Coastal Land Title Company, LLC
855 21st Street
Suite C
Vero Beach, FL 32960
(772)569-4364
File No 2020-5123
Parcel Identification No 33-40-19-00000-5000-00008.0
Above This Line For Recording
3120200015448
RECORDED IN THE PUBLIC RECORDS OF
JEFFREY R SMITH, CLERK OF COURT
INDIAN RIVER COUNTY FL
BK: 3285 PG: 34 Page 1 of 2 3/132020 8:09 AM
D DOCTAX PD $1,225.00
WARRANTY DEED
(STATUTORY FORM — SECTION 689.02, F.S.)
This indenture made the 4L day of March, 2020 between Robert E. Hale, a/k/a Robert Hale, an unmarried man, and
David DeBerry, a married man, hose post office address is 695 Old Dixie Highway Southwest, Vero Beach, FL 32962, of the
County of Indian River, State of Florida, 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, of the County of Indian River, State of Florida, Grantee:
Witnesseth, that said Grantors, for and in consideration of the sum of TEN DOLLARS (U.S.$10.00) and other good and
valuable considerations to said Grantors in hand paid by said Grantee, the receipt whereof is hereby acknowledged, has granted,
bargained, and sold to the said Grantee, and Grantee's heirs and assigns forever, the following described land, situate, lying and being
in Indian River, Florida, to -wit:
Beginning at the Southwest corner of the Northwest 1/4 of the Southwest 1/4 of Section 19, Township 33 South, Range 40
East, and from thence running East 554.3 feet to the right of way of the Florida East Coast Railroad, thence run
Northwesterly along said right of way 339.7 feet; thence West along the South line of land of Elias Helseth as described in
Deed Recorded in Deed Book 7, Page 55, on September 5, 1911, to the West line of said Northwest 1/4 of the Southwest 1/4
and from thence run South 330 feet to the Point of Beginning, except the right of way of the Old Dixie Highway, said land
lying and being in Indian River County, Florida.
LESS:
That portion of the Parcel as described above, lying West of the East right of way of Old Dixie Highway, as shown on the
Florida Department of Transportation Maintenance Map of State Road 605 (Old Dixie Highway) per Plat Book 9, Page 87, of
the Public Records of Indian River County, Florida.
ALSO LESS:
The Florida East Coast Railroad Right of Way, Being the Easterly 100 feet of the Parcel as described above.
Commonly known as: 695 Old Dixie Highway SW, Vero Beach, FL 3296
Parcel ID Number: 33 -40 -19 -00000 -5000 -00008.0 -East of Old Dixie Highway SW
Grantor, David DeBerry warrants that at the time of this conveyance, the subject property is not his homestead.
Together with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.
Subject to taxes for 2020 and subsequent years, not yet due and payable; covenants, restrictions, easements, reservations and
limitations of record, if any.
TO HAVE AND TO HOLD the same in fee simple forever.
And Grantors hereby covenant with the Grantee that the Grantors are lawfully seized of said land in fee simple, that Grantors
have good right and lawful authority to sell and convey said land and that the Grantors hereby fully warrant the title to said land and
will defend the same against the lawful claims of all persons whomsoever.
Warranty Deed
He No.: 2020-5123 Page 1 of2
In Witness Whereof, Grantors have hereunto set Grantors' hand and seal the day and year first above written.
Signed, sealed and delivered in our presence:
Print Name:
Print Name:
STATE OF FLORIDA
COUNTY OF INDIAN RIVER
la-,�
Robert E. Hale a/k/a Robert Hale
David DeBerry
instrument7ak/a
owledged before me by means of ( hysical presence or O online notarization this 9 day of
by RobeRobert Hale and David DeBerry.
gfe of Notary
Type/Stamp T
Personally Known: OR Produced Identification:
Type of Identification 0
Produced:
Warranty Deed
File No.: 2020-5123
X, 01
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Page 2 of 2
WESTCOR POLICY NO.
LAND TITLE {NSURANCE COMPANY OP-25-FL1394-9075012
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 Comoanv.
Issued By: FL1394 * 2020-5123
WESTCOR LAND TITLE INSURANCE COMPANY
Atlantic Coastal Land Title Company, LLC
855 21st Street, Suite C sit u� By: M, 0`0A
Vero Beach, FL 32960 y SEAL fireside_qt
° 1993
a° Attest:
Secret, y
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; (c) resulting in no loss or damage to the Insured Claimant;
(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 goverrunental police power. This Exclusion 1(b) does not
modify or limit the coverage provided under Covered Risk 6.
(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.
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) (wurIC 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 11
of these Conditions.
(b) "Date of Policy": The date designated as "Date of Policy" in
Schedule A.
(c) "Entity": A corporation, partnership, trust, limited liability
company, or other similar legal entity.
(d) "Insured": The Insured named in Schedule A.
(i) The term "Insured" also includes
(A) successors to the Title of the Insured by operation of
law as distinguished from purchase, including heirs,
devisees, survivors, personal representatives, or next
of kin;
(B) successors to an Insured by dissolution, merger, 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 teen "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 pen -nit 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, (i i) in case Knowledge shall come to an Insured hereunder of
any claim of title or interest that is adverse to the Title, as insured,
and that might cause loss or damage for which the Company may
be liable by virtue of this policy, or (iii) if the Title, as insured, is
rejected as Unmarketable Title. If the Company is prejudiced by
the failure of the Insured Claimant to provide prompt notice, the
Company's liability to the Insured Claimant under the policy shall
be reduced to the extent of the prejudice.
4. PROOF OF LOSS
In the event the Company is unable to determine the amount of loss
or damage, the Company may, at its option, require as a condition
of payment that the Insured Claimant furnish a signed proof of loss.
The proof of loss must describe the defect, lien, encumbrance, or
other matter insured against by this policy that constitutes the basis
of loss or damage and shall state, to the extent possible, the basis
of calculating the amount of the loss or damage.
5. DEFENSE AND PROSECUTION OF ACTIONS
(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 in Its opinion may be necessary or desirable to
establish the Title, as insured, or to prevent or reduce loss or
damage to the Insured. The Company may take any 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
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.
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 govermnental 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 wider this policy, the Company shall have the
following additional options:
(a) To Pay or Tender Payment of the Amount of Insurance. 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 d<unage 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 detennined 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) (WLT1C 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 amoumt
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 of America or its
territories having appropriate jurisdiction.
18. NOTICES, WHERE SENT
Any notice of claim and any other notice or statement in writing
required to be given to the Company under this policy must be
given to the Company at: 875 Concourse Parkway South, Suite
200, Maitland, FL 32751.
OP -25 ALTA Owners Policy of Title Insurance 6-17-06 (with FLORIDA Modifications) (WIJIC 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
WESTCOR LAND TITLE INSURANCE COMPANY
ALTA 6-17-06 OWNER'S POLICY (With Florida Modifications)
SCHEDULE A
Name and Address of Title Insurance Company: Westcor Land Title Insurance Company, 875 Concourse Parkway
South, Suite 200, Maitland, Florida 32751, Phone No.: (407) 629-5842.
State: FL
County: Indian River
Address Reference: 695 Old Dixie Highway Southwest, Vero Beach, FL 32962
File Number: Policy Number: Date of Policy: Premium: Amount of Insurance:
March 13, 2020 at
2020-5123 OP-25-FL1394- 8:09 AM $950.00 $175,000.00
9075012
1. Name of Insured:
Indian River County, a political subdivision of the State of Florida sole owner
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:
See Exhibit A attached hereto and made part hereof.
Issued By:
Atlantic Coastal Land Title Company, LLC
855 21 st Street
Suite C
Vero Beach, FL 32960
w
Authorized Signatory
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 Owners Policy Schedule A and B (With Florida Modifications) (WLTIC Edition 6/24/15)
WESTCOR LAND TITLE INSURANCE COMPANY
ALTA 6-17-06 OWNER'S POLICY With Florida Modifications
SCHEDULE B
File #: 2020-5123
Policy #: OP-25-FL1394-9075012
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:
Exceptions:
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 Public Records.
4. Taxes or special assessments, if any, not shown as existing liens by the Public Records.
5. Taxes and assessments for the year 2019 and subsequent years, which are not yet due and payable.
6. Subject to the Easement, recorded in Book 793, Page 1098 in the official records of the Official Records
Department.
7. Subject to the Right of Way of Old Dixie Highway
8. Actual acreage is neither guaranteed nor insured.
*The following items, as listed above, are hereby deleted: NONE
OP -25S / ALTA 6-17-06 Owner's Policy Schedule A and B (With Florida Modifications) (WLTIC Edition 6/24/15)
WESTCOR LAND TITLE INSURANCE COMPANY
ALTA 6-17-06 OWNER'S POLICY (With Florida Modifications)
EXHIBIT A
File No.: 2020-5123
Agent No.: FL1394
Policy No.: OP-25-FL1394-9075012
Beginning at the Southwest corner of the Northwest 1/4 of the Southwest 1/4 of Section 19, Township 33 South, Range
40 East, and from thence running East 554.3 feet to the right of way of the Florida East Coast Railroad, thence run
Northwesterly along said right of way 339.7 feet; thence West along the South line of land of Elias Helseth as described in
Deed Recorded in Deed Book 7, Page 55, on September 5, 1911, to the West line of said Northwest 1/4 of the Southwest
1/4 and from thence run South 330 feet to the Point of Beginning, except the right of way of the Old Dixie Highway, said
land lying and being in Indian River County, Florida.
LESS:
That portion of the Parcel as described above, lying West of the East right of way of Old Dixie Highway, as shown on the
Florida Department of Transportation Maintenance Map of State Road 605 (Old Dixie Highway) per Plat Book 9, Page 87,
of the Public Records of Indian River County, Florida.
ALSO LESS:
The Florida East Coast Railroad Right of Way, Being the Easterly 100 feet of the Parcel as described above.
Commonly known as: 695 Old Dixie Highway SW, Vero Beach, FL 3296
Parcel ID Number: 33 -40 -19 -00000 -5000 -00008.0 -East of Old Dixie Highway SW
OP -6S / ALTA 6-17-06 Owner's Policy Exhibit A
-EFtCAry
(WLTIC Edition 4/3/14)
CLOSING AGREEMENT
Seller(s): Robert E. Hale a/k/a Robert Hale and David DeBerry
Buyer(s): Indian River County, a political subdivision of the State of Florida
Closing Agent: Atlantic Coastal Land Title Company, LLC
Property Location: 695 Old Dixie Highway Southwest, Vero Beach, FL 32962
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 ASSOCIATIONS) (IF APPLICABLEZ 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
File No.: 49084907 Page 1 of 2
LTF
fees may be more or less than the amount collected on the closing statement. Any shortfalls or overages
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 Seller acknowledges 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 Seller agrees
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.
Robert E. Hale a/k/a Robert Hale- Seller
David DeBerry
Date:
Indian River County, a political sub ivision of the
State
L
Y4� a
By• K . 4 L/24U
William K. DeBraal, Deputy County Attorney - Buyer
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.: 49084907
LTF
Atlantic Coastal Land Title Company, LLC ALTA Combined Settlement Statement
855 21st Street
Suite C
Vero Beach, FL 32960
(772)569-4364
File #: 2020-5123 Property
695 Old Dixie Highway Settlement Date 03/09/20
Prepared: 02/28/20
Southwest Disbursement Date 03/09/20
Escrow Officer: Jason Beal
Vero Beach, FL 32962
Buyer
Indian River County, a
Debit
political subdivision of the
State of Florida
Seller
Robert E. Hale and David
DeBerry
Lender
Sales Price of Property
Seller
Buyer
Debit
Credit
Debit
Credit
Primary Charges & Credits
$175,000.00
Sales Price of Property
$175,000.00
2020 Real Estate Taxes
$503.83
Prorations/Adjustments
$503.83
County Taxes 01/01/2020 to 03/09/2020
$503.83
Government Recording and Transfer Charges
Government recording charges
$18.50
Transfer taxes
$1,225.00
$20.00
State tax/stamps Deed $1,225.00 Mortgage $ to Official Records
Department
Title Charges
Owner's title insurance to Westcor Land Title Insurance Company
$950.00
Title Search Fee to Old Republic/Westcor
$85.00
Closing Fee to Atlantic Coastal Land Title Company, LLC
$300.00
Digital Archive/File Scanning Fee to Forensis Technologies
$35.00
Wire Fee to Atlantic/Center5tate
$16.00
Miscellaneous Charges
$20.00
Reimbursement for Death Certificates to Atlantic Coastal Land Title
Company, LLC
$20.00
Seller
Record Death Certificates to Official Records Department
g
_
Buyer
Debit
Credit
Debit
Credit
$563.83
$175,000.00
Subtotals
$178,133.33
$503.83
Due from Buyer
$177,629.50
$174,436.17
Due to Seller
$175,000.00
$175,000.00
Totals
$178,133.33
$178,133.33
Produced by Atlantic Coastal Land Title Company, LLC
Using Qualia Page 1 of 2
2020-5123
Printed on 02/28/20
Acknowledgement
We/I have carefully reviewed the Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my
account or by me in this transaction and further certify that I have received a copy of the Settlement Statement.
We/I authorize Atlantic Coastal Land Title Company, LLC to cause the funds to be disbursed in accordance with this statement.
IndifflNen olitical suvision he a f Flor' aBy: — �j _.���_ - _ �._.. _. ® �_.. .. _Robert E. Hale a/k/a Robert Hale Date
DeBraal, Deputy County Attorney Date
..........
David DeBerry Date
SettlementAgent - � Date
Produced by Atlantic Coastal Land Title Company, LLC
Using Qualia Page 2 of 2
2020-5123
Printed on 02/28/20
INDIAN RIVER COUNTY, FLORIDA
MEMORANDUM.
TO:
Jason E. Brown, County Administrator
THROUGH:
Richard B. Szpyrka, P.E., Public Works Director
FROM:
Monique Filipiak, Land Acquisition Specialist
SUBJECT:
Advance Acquisition of Right -of -Way
695 Old Dixie Highway SW, Vero Beach, FL 32962
Owners: Robert E. Hale and David DeBerry
DATE:
January 17, 2020
DESCRIPTION AND CONDITIONS
Robert E. Hale and David DeBerry own a 1.32 acre parcel of property located at 695 Old Dixie Highway
SW, Vero Beach, FL 32962. Staff was approached by Mr. Hale and Mr. DeBerry who want to sell the
property. The subject property consists of a vacant commercial site that is located along the east side of
Old Dixie Highway, north of Oslo Road. The property is zoned CL, Limited Commercial District. Indian
River County is purchasing the property for future stormwater and drainage purposes.
The County obtained an appraisal of the property indicating a value of $175,000.00. The County offered
$175,000.00 to purchase the property. After a few weeks of negotiations all parties agreed on the
$175,000.00 purchase price.
FUNDING
Funds for this expenditure are budgeted and available from Optional Sales Tax/Road & Bridge/Right
of Way, Acct# 31521441-066120.
RECOMMENDATION
Staff recommends the Board approve the Purchase Agreement for the 1.32 acre of property located at
695 Old Dixie Highway SW, Vero Beach, FL 32962, and authorize the Chairman to execute the purchase
agreement on behalf of the Board.
ATTACHMENTS
Purchase Agreement
Boundary Survey
Aerial Location Map
APPROVED AGENDA ITEM FOR: February 4, 2020