HomeMy WebLinkAbout2088 able to INDIAN RIVSR MINSRALS, INC., sufficient lands from which
said 200,000 tons of silica saiid can be mined and delivered to
BAHAMA CBMENT COMPANY as hereinabove set forth, said lands lying
immediately North and West of and be contiguous to the fifteen
(15) acres of land released, as hereinabove set forth, from that
certain mortgage, dated November 8, 1963, from INDIAN RIVSR
MINERAIS. INC., to MARAVILI+A D$VELOPM6NT CORPORATION, as recorde
in O.R. Book 74, at pages 617-623, of the public records of St.
Lucie County, Florida, and, in no event, lying within three hun-
dred (300) feet of the East right-of-way line of U.S. Highway No
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7. MARAVILLA DEVELOPMSNT CORPORATION, upon completion
of the shipment of said 200,000 tons of silica sand by IND?1!N
RIVER MINERAIS~ INC., to B~AFIAMA CEMENT COMPANY, shall, for ~nd
upon consideration of the mutual covenants and agreements herein
made, grant, transfer and set over to INDIAN RIVER MINSRriLSs INC ,
by good and sufficient deed, an additional five ~5) acre tract
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j of said lands in accordance with the provisions of Paragraphs
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~ 1(a) ,(b) and (c) on pages 4 and 5 of the mortgage deed, dated
~ November 8, 1963, given by IL~IDIAN RIVER MII~RALS, INC., to
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1~AgAVILLA DgVELOPMENT CORPORATION and recorded in O.R. Book 74,
at pages 617-623, of the public records of St. Lucie County,
Florida.
8. MARAVILLA DEVSLOPMBNT CORPORATION shall, immediate y
after the execution of this Agreement by all parties thereto,
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~ by stipulation and Order of Court, dismiss its said suit No. ;
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~ 68-82, in the Circuit Court of the Nineteenth Judicial Circuit
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of Florida, in and for St. Lucie County, entitled, MARAVILLA
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DEVELOPMENT CORPORATION, a Florida corporation, -vs- INDIAN
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