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`~'i~is Icase entered iiZto by and between ST, LUCIE COL'I.TY ii~NK, `
as '1'rus tee , under a Trus t Agreemen t dated Septer~ber 2 S, 19 6 ~ a.~d ~
known as Trust ~o. 1, liereinaft~r called the "Lessor", ar.d COLO;S-
NAD~:S CO~DO~iINIUMS ASSOCIATION NO. 1, INC., a corporation not ror
profit under the laws of the State of Florida, hereinafter calleu
the "Lessee",
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I~Y 1 1 v ~ v u i, il :
1. Ucmise. Upon the terms and conciitions herein set forth and
in consideration of the prompt payment from time to time by t:.~ Lessee
of the rents and other sums of money hereinafter set forth, ar.ci in con-
sideration of the prompt and continuous performance by the Lessee o~
each and every of its covenants ar.d agrAements ~Prein made to be kent
~and performed, the Lessor does hereby lease, let and ~emise ur.~o t:~e
Lessee, and the Lessee does hereby lease of and from the Lessor, the
following described property~ lying and being situate in St. Lucie
County, Florida, to wit:
;
4
,
BEGIIVNING at the Southwest corner of Lot 1, BAYShORE
::S~ATES, UNIT TWO, St. Lucie County, Florida, as per ~
plat thereof recorded in Piat Book 14, Page 25, St. f
Lucie County, Florida, Public Records, run South
89°~49' 30" West along the north right-of-way of nay-
shore Drive a distance of 150.5 feet to the Point of
Curvature of a curve concave to the northeast and
~iavinq a central angle of 41° OS' and a radius of
266.87 feet; thence run along said curve an arc dis-
tance of 22.C3 feet; thence run North 21° 36' 30"
West, 77.73 feet; thence run Nortti 57° 58' West,
110.0 feet; thence run :vorth 32° 02' East, 64.0 feet;
thence run North 69° 47' 30" East, 300.0 feet; thence
run South 60° 52' 30" ~:ast, 375.0 feet; thence run
South 0° 10' 30" East, 90.0 feet to the ?~ortheast ;
corner of Lot 4, BAYSHO~:: ESi'ATES, liNIT :'WO; thence
rur. South 89° 49' 30" West along the north line o~
BAYSFiOR~ ~:STA`t'ES, UNIT TP70, 375.0 feet to the :~orti?-
west corner of Lot 1, BAYSF:ORE ESi'ATES, UvIT T~~70;
thence run South 0° 20' 30" East along the West line
of said Lot 1, 110.0 feet to the Point of Beginning
of the lands herein describec:.
~ll of saic property, together with the appurtenances t:zereto ar.a to-
gether with all improve::Ants, ~u~?i?n~s and structures now or here-
a:ter placea thereon, and all furniture, furnishings, fixtures, ma-
chinery and equipraent, now there~n, and aII additions thereto and re- 3
placenents thereof, being hereinafter called, referred to and included €
within the term "Demised Premises".
2. '~erm. The term of this Lease shall com.m,ence as of ~he date
upor. wnicii tze Declaration of Condontinium of COLO`::ADES CO~DO:•lI~IIiMS
.:G. i, ~tiC, nereinafter referred ~o as the "Comdominiw-n" , shal~ be
recorded a:.ongst tne Public ~ecords of St. Lucie County, ?iorida, and
shali contir.ue thereafter for a period of ninety-nine (99) years.
3. ;;se of Pre~,ises. The Lessee is the association ~or.a~d
~ursua~t to ihe applicable provisior.s of the Florida Statutes ior
t::~ _~urpose of managing the affairs of the Condo^tinium. 'it:e :,.~ssee
::as e:ter~c ~ato this Lease t~ make available t;:e demised pr~: ~ises
fcr t7e recreation, leisure time activity, healtn, use, ~e;.e~i~
a:.d en;oy.:,cr.t of t;~e apart,-;~ent unit owners ar.d/or the apar~-~~:~~
uni ~ occu~~ants of the Condo.:.init:.r: as they may from time to ~i.:.~
~xist darizg t:e tern.s of tnis Leas~. Gse of the De:r.isec :~re:,:ises ~
by tn~ Le~see sr.all be non-exclusive, i~ being Y~ereby ack:;ewledg~:d
a:.6 agreec ~hat t:~e :.essor has iiereto:ore or stiall herear ~~:r ~er
ir.to si:: ilur non-exclusive ninety-r.ine year Ieases with o~::er con-
dominiu.T, assoeiations forried for 41:e purpose of ac3~i~:' ~:nc; ttie
- 8001(~~~ P~N;E
LAW O/FtCEi 0/ GOI.DbTEihi, FR/. I
h K L i N, C H O N f N 4 S C H R A N K, p. A., 2 G 2 0 N O R T H E A S
T 1G3no 67R:.Ci, NORTH At1~Mi 'uLA~_ ~~ORIOA 331V2
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