HomeMy WebLinkAbout2292 WHBRBAS, the Fort Piarce Port an8 Tenainal Company has
failed to complete phese one of the plan of Port dsveloplaent within
the period of three yeare, as atated, or within the pariod of time
of the extensions approved by the Trueteee= and ~
WHSRFAS, the Fort Pierce Port and Terminal Company, in
recoqnition of this failure to perform and discharqe the obliqations
aet forth in the trust aqreement, above referred to, has paid to
the Trustees the swn of Fifty Thousand and 00/100 Dollare ~$50,000.00)
in full payment and satiafaction of all financial obliqations required
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under the.terms of thie truet aqreementf ancl
WHERBAS, the Trueteee, by action taken at their meeting
of Auqust 16, 1966, approved the issuance of a quitclaim deed to
release the restrictive provisione of the above-numbered Trustees'
Deedf
NOW, THEREF'OR.B, the underaiqned Trustees of the Internal
Improvement Fund of the State of Florida, for and in consideration
of the sum of Fifty Thousand and 00/100 ($50,000.00), to them in
hand paid, have remiaed, released and quitclaimed and by theae
presents do rezaise, release and quitclaim unto Fort Pierce Port
and Terminal Company, A Florida Corporation with offices at Fort
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Pierce, Florida, and asaigns, all of the right, title, interest,
claim ana a~a ariainq out of the following restrictive pro- ~
viaions contained in Truatees' Deeda No. 21592, dated July 15,
1957, ancl 21592-"A", dated September 24, 1957s
"OT~iER R8S8RVATIONS: As further consideration for this
' conveyance by Grantors, the Grantee covenant8 and agreea with the
Grantora that the use of said lands shall be limited to port and
terminal facilitiee and other aseociated commercial and induetrial
projects. This covenant shall run with the land and be binding
upon Grar?tee, its successors and aesigne, but may be released by
Grantors upon the execution and delivery of a quitclaim deed to
Grar~tee, its succeBeors or assigne."
insofar ae said reservations affect the follawing described lands:
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aQ~1~ P~ 489 ~
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