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AtrtFi~IDED ~~1IBTT E TO I~EC TION F(~DN~IINIi1M ~a'~
~ ' OF COLONNAOES CONDOMINI[1MS NO_Ll C°s's:c`~'. ~r'.:' .G:-•: : : ~ ~~a:~
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, NINETY-N2~1E YEAIt LEASE Noth t.:ws~?i .^•c:.c.ti. f:w'.:s++:GZ
This lease entered into by and between FTtST NATIa~1L &'ti`y G^ ~C.~T
P~RCT~ AS TRUS~E~ under Trust AgrEemeat doted 2tavamber • , 1970 au~d Y.n~.m a~
~rust Nwaber 1 , hereinafter called the "Lessor," and COLOI~-
NADES CONDOMiNIUMS ASSOCIATiON NO. 1, iNC., a corporation not for
. profit under the _laws of the State of Florida, hereinafter called
~1e ~I+e8889 ~ ~ ~ .
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W I T N ls S S~ T H : '
1. Demise. Upon the terms and con~itions herein set forth and
in consider tla
on of tho prompt payment from timQ to time by the Le~see
of the rents and othcr sums of monoy hereinafter set forth, ~nd in con-
~ sideration of thQ prompt and continuous performance by the Lesseo of
i each and every of its covenants and aqreemonts herein mado to be kept
~ ar~d performod, thQ Lessor does hereby leaso, let ~nd demiso urito ~t2~.o
Lessee, ~nd the Lessee does hereby lease of and from-the Lessor, the
followinq described property, lyinq and beir?q situate in St. Lucie ~
County, Florida, to wit: _
~ Beginning nt the Southxest corner of Lot 1, Bayshore Estat~s, Unit 2wo, St.
~ Lucia Cownty, Florida, as per plat tbercoP record~d in Plat Book 14, Pafie 25,
St. Lucie County, Florida, Public Records, run South 89° 49' 30" Wcst alon~
the north right-of-wqy oP Bayshore Drive a distance of 150.5 feet to tr.e •
' Foint of ~irvature of a cwrve concave to th~ northeast and havinL{ a c~ntral
an~le oY 41' 05• c~nd e? radius of 2b6.8? feet; thence run along said curve an
•~arc distance of 22.03 feet; thence run North 21' 22' 30" East, 132.6+ feet; ~
thence run North 32` 36' 30" W~st,~77.73 feet; thence run North 57' S8' ~~est;
110.0 feet; thence run North 32' 02• East, 60.0 feet; ~hence run ~cr~h.69•
47' 30" East, 300.0 feet; thence run South 60' S2' 30" East, 375•0 fee~;
thence run South 0' 10' 30" East, 64.3? Peet to a poin~; thence r-..n Sou~P.
j ~+9' 30" West, 150.Q2 feet to a point; tYence run South 0' 10' 30" : as~,
23 Peet to the Noocth~rest corner of I~ot 4, Bayshore Es~ates, Unit Tao; tnence
~ run South 89' ~9' 30" West, 225 feet along '~~?he :~ortb lin~es of I.o~s 3, 2 a:.~ l,
' Bsyshore Estates~~ IInit 21~0~ to the Korthwest corner oP Lo~ l, Bays~ore Es`~•ai~.er,
i Unit 11~ro; theace rua South 0• l0' 30" Esst_along the West line of said Lot 1,
, 110.0 leat t.o t.he Peint of Beginning ot the 3s~oda, herein 8re~cribed.
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All of said property, toqether with the appurtenances thereto and to-
' gether with all improvements, buildinqs and structures now or here-
after placed thereon, and all furniture, furnishings, fixtures, raa-
chinery and equipraent, now thereon, and all additions thereto and re-
placements thereof , beinq hereinafter called, -iceferred to and included
within the term "Deaaised Premises."
' 2. Term. The term of this Lease shall commence as of Septer.ibe~
22, 1970,~e
nq the date upon which the Declaration of Condomi. iur.1 of
COLONNADES CONDOMINIUMS NO. 1, Zt~C., hereinafter referred to as the
~ "condaminiuia," was recorded amongst the Public Records of St. Lucie
Cour~ty, Florida,- and shall continue thereafter. for a period of ninety-
nine (99) years. ~
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3. Use of Premises. The Lessee is t'~e associa~ion forr:.ed pur-
suant to the applicable provisions of the Florida S~atutes for ,
the purpose of managing the affairs of ;he Conda,?inii:m. The-:.es~ee
has e~tered into this Lease to make available the demised prer.tises
~ for ~r.e recreation; leisure time activity, :~ealth, use, benefit and
enjoynent o~ the apart;?ent unit owners and/or the apartment unit
occupants of the Condorainium as they may from time to tir~e exist
durinq the terms of this Lease. Use of the Demised Pre~ises by
the Lessee shall be non-exclusive, it beinq hereby ackr.owled,ed
and agree8 that the Lessor has hereto~ore or shall hereaf ter eyter
into similar non-exclusive ninety-nine year leases with o~her.con-
daminium associations. formed for the purpose of aclrainisterinq the
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