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OONS$NT AGRTs~N T
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WHBREAS, a certain Mortgage datad the 7th day o~ Decem- ;
ber, 1965, was eaecuted by ARNOID ~NT~SRPRISSS, IiVC,, a Florida ~
corpore~tion, to the under$igned, FIRST FSD~RAi.. SAVINGS Atm IAAi~i :
AS90CIATION OF FORT PITRCB, a carporation under the la~rs of the t
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United States of ~merica, of Fort Pierce, Florida, which mort~age
is of record in Official Record Book 133, Pa~e 64, in the ofYica }
of the Clerk of the Circuit Court o~ St. Lucie Coun , Florida, {
and Ras given to secure an indebtedness of I~tINETY-T~EB THOUS~AND ~
AND iY0/100 ($93, 000.00 ) DOLI~ARS and cove rs pr emi se s o f whi ch tho se
. hereinafter described are a part; and ~
WHEREAS, the said ARNOLD ENTERPRISES, INC., the present ~
oxner of the premises hereinafter described, has leased the same
to SINCLAIR REFII~IING OOMPANY, a Maine corporation dul~r authori~ed
to transact business in the State of Florida, for a term of fifteen
(15) years, beginning on a d~te as in said lease providad, at a
rental of FOUR HUNDRED SEVENTY-FIVE ~ND NO/100 ($475.00) DOLLARS
per month during the first ten (10) year~ of the term an,d the sum
of SIX HIII~IDRID ~iNENTY-FIVE AND NO/100 ($625.00) DULI.~RS ~er month
during the next five (5) ~rears of the initisl term of said lease;
and ~
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+I~iEREAS, the lien created by said i~ortgage is superior to ~
said lease agreement;
~l(}W Tf~ftEFOR$, in con8ideration of SINCLAIR RBFI~tING COM- ;
PANY entering into said lease a~reement with said ~tNOI~D ENTTRPRISES, ~
INC., covering said premises which are described as situate in the
City of Fort Pierce, County of St. Iucie and State of Florida, to-~it:
Co~aence at the intersection of the presently ~
existing north right-of-way line of Orange lvenue
and the Southeast corner of Lot 9 of Home Acres
Unit i1o. 2 as per the plat thereof on file in Plat
Book 7 at page 28 of the St. ~icie County, ~lorida,
public records, thence run ilorth along the East €
line of aeid Lot 9 a distance of 96 feet to a ;
point; thence turn and run ~Yest a distance o~ 150 ;
, feet more or less to the right-of-~a~r of Augle Road;
thence run Southeasterly along the East right-o~-
~ ,~ay line of Angle Road a dis tance of 104 feet more
or less to the intersection of the East right-of-
way. line of Angle Road rrith the North ri~t-of-Aay
line of Orange Avenue; thence run East a ong the '
North right-of-Ray line of Orange.Avenue a aistance
of 104.2 feet to the point of beginning;
the undersigned consents to the terms and provisions of said lease ;
and agrees that in the event said dem.ised premises are sol~ by reason
of any default under said Mortgage or because of default in the pay-
ment of said indebtedness for Rhich said ~dort~age was eaecuted to
secure, or by reason of euc~y other default, said demised premi~es ~
shall be sold subject to said lease, proYided Sinclair Refining Com- '
panq, or its assignees, have kept, maintained and performed the
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