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HomeMy WebLinkAbout0914 2()~~;-~~~ . LONG-TERM LEASE ~ THIS LEASE, made and entered into the 16th day of February , p.D, ?1 , by and between INLET HOU~E CONDOM- INIUM MANAGEMENT GORPORATION, a Flarid~? corporation, hereinafter ; called "Lessor", and INLET HOUSE CONDOMIIVIUM APARTMENTS, INC., a Florida corporation not for profit, hereinafter called "Lessee" ; W I T N E S S E T H: . . That said Lessor does this day lease unto the T,essee and the said Lessee• does hereby lease from the Lessor the following described premises, including all buildings, improvements, swimming pool, recrea- tional facilities, and personal property located on said premises, all being and lying in St. Lucie County, Florida, mQre particularly des- From the Northwest corner of Lot 1, MARAVILLA SUB- _ DIVISIQN, as recorded in Plat Book 7, page 31, public records o~ St. Lucie County, Florida, run East along the North line of said Lot 1 a distance of 155.00 feet to the Point of Beginning of the land here in described: From said Poin~ of Beginning, continue East along the North line of Lot 1 a distance of 195.00 feet; thence rur. South 65.20 feet; thence run We st 195.Q0 feet; thence run North 65.20 feet to the North line of Lot 1 and Lhe Point of Beginning; said land com- prising the property upon wh~c h the Inlet House Condominiums Recreational Area is situated. That the said Lessor and Lessee , for and in consideration of the covenants and conditions as here inafter set forth, as well as for Or.e Dallar ($Z.00) and other valuable considerations by each of the parties to the other, in hand paid simultaneously with the execution ~ and delivery of these presents, receipt of which is hereby acknowledge3, the fellow~in~ express conditions and stipulations are made a part of this T,ease and are hereby assented to by the Lessee : I. DURATION OF LEASE , The terni and duration of ~his Lease shall be for a period of r.inet;~-nine (99) years, commencing on the ? 6th day of February _ , t 19 , and continuing up t~ and including Februa~ 16 , 20 "'0 , unless this Lease be sooner terminated in accordance with its terms. aoa~~~0 . ~1~. ! . _ _ . _ _ S'Y ~r~i `.i+~ ~ „yrs~ ~:y,. Y" :6. ~ T a _ a -`~`'~'r+~?~