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OPTION AGREEME~iT
In consideration of Ten-Dollars ($10.00) and
other good and valuable consideration, receipt of which
is hereby acknowledged, Shamrock Village Associates,"a
joint venture, the sole beneficiary of St. Lucie County
Bank, as Trustee under trust agreement dated the 25th
day of September, 1968, and known as Trt~,st No. nne (1), and '
St. Lucie County Bank as Trustee as aforesaid (both herein-
after sometimes terms "Seller"), hereby grant to Fort
Pierce Development Associates, an Illinois Limited Part-
nership (hereinafter sometimes termed "Buyer") an irre-
vocable option to purchase all of the real property
which is the subject of that certain lease dated the 18th
day of October, 1968, between St. Lucie County Bank, as
• Trustee as aforesaid, as Landlord, and Richard A. Pain -
and C. Robert Sutherlin, as Tenants (which lease is
hereinafter termed "Lease") for the property commonly
referred to as Shamrock Village and described on Exhibit A
and outlined generally on Exhibit B attached hereto,
which option shall be pursuant to the following terms
and conditions
1. The subject property has been divided into
three (3) tracts, as shown on the attached
Exhibit B and which tracts have been numbered 1. 2
and 3. The option may be exercised by Buyer for one (1) or
- more tracts at any time, and from time to time,
_ after January 1, 1970 until December 31, 1972, at which
time all options hereunder shall terminate. Buyer's op-
tion shall first be exercisable for Tract No. 1, then
Tract No. 2 an8 then Tract No. 3.
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