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KNOW ALL MEN BY THESS PRESfiNfS, THAT WHfiREAS on August
24, 1954, EDWARD 8. TRAUB, SR. and ETHBI. M. TRAUB, his wife,(here-
inafter referred to as ~'Traub") and whe~ referred to by pronoun
the singular masculine gender will be used, executed ~?nd delivered
unto SINCLAIR RBFIMIVG CON~ANY, a hiaine corporation, duly authorized
to transact business as a foreign corporation in the State of
Florida, with its princip~?1 business office at 600 Fifth Av~nue,
New York, New York,(hereinafter referred to as "Sinclair"), a lea's~"
for a term of ten (10) years, commencing January 26, 1955, cover- -
ing the premises and gasoline and oil fil2ing and service statxon _
improvements located thereon, situate~at the southeast corner of
the intersection of Orange Avenue and 15th Street, in the City of
Fort Pierce, County of St. Lucie an3 State of Florida, more particu-
larly described in said lease, of record in Deed Book 194, pages
381-398, inclusive, in the office of the Clerk of the Circuit
Court of St. Lucie County, Florida; and
WNEREAS, in Article XIII of said lease Sinclair was
granted the exclusive option and privilege of extending the term
. thereof for five (S) years beginning at the expiration of the
original term thereof, provided Sinclair served notice on Traub
of its exercise of such option at anytime during the said original ~
term;and
WHEREAS, said lease expired by its own terms as of the
close of business on January 25, 1965, thereby cancel~.ng and revok-
ing the aforesaid option to extend and all other~o~i-ons contained
in said lease in favor of Sinclair, including the right of purchase
refusal contain~d in Article XV Qf said lease; and
WHERFAS, notwithstanding the foregoing Traub has report- ~
ed to Sinclair that in his attempts to negotiate a sale or another
~ lease of said premises and improvements he has experienced diffi-
culty in so doing because of the public recording of such~lease
containing the aforesaid options and has requested that, and here-
by requests, Sinclair.to execute and record an instrument specifi-. ~
~ cally canceling and revoking said options.
;
NOW~ THERSFORfi; in consideration of the premises Sinclair ~
hereby declares that the options contained in Article XIII ("Ex- !
tention Option") and Article XV ("Purchase Refusal") are cancelled
and revoked as of the close of business on January 25, 1965, the
; date on which said lease expired and by which date Sinclair sur-
' Zendered and delivered possession of the prem~ses covered thereby
~ to Traub.
~
Signed and sealed this the ~ day of February, A. D.,
1967.
E , ~
Sworn to and subscribed ~ SINCL.AI R REFIIVING QOM~A~VY ( SEAL~
- in the presence of : : ~ ~'ti =
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