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NINETY-NII~ YEAR LEASE
THIS LEASE e~tersd into by and betMeen FIRST NATIONAL BANK OF ~
P~ORT PIERCE, as Truatee, under Trust Agreement datQd November 1?, 1970,
and knoMn as Truat Number 1, hereinafter called the "Lesaor", and
CO~IANNADES CONDOMINIUMS ASSOCIATION N0. 3, INC., a corporation not
for protit under the laxa of the State of Flarida, herainntter called
th@ "IA88@e"s
W ITNESSETH:
l. Demiae. Upon the terma and conditiona herein set Porth ar~d
in consi ac~ra~~on of the proaipt payment trom time to time by the Leseee
of the rents and other sums of moneq hereinafter set forth, ar~d in con-
aideration of the prompt and continuoua performdnee by the Lesaee of
each and every oP its covenants and agreements hereim m~de to be kept
and perfora~ed, the Leasor does hereby lease, let and demiae unto the
Lesaee, and the Lesaee does hereby lease of and from the Lessor, the -
folloxing deacribed property, lying and being situate in St. Lucie
County, Florida, to Mit:
Beginning at the Southwest corner of Lot 1, Bayshore Fstates,
Unit 'I1io, St. Lucie County, Florida, aa per plat thereof
recorded in Plat Book 14, Page 25, St. Lu~ie County, Florida,
Pub1lc=Records, run South 89 degreea 49' 30" West along
the North right-of-Naq of Beyshore Drive a distance oP 150Sfeet
- to the Point of Curvature oP a curve concave to the northeaat and
having a central angle of 41 degreea OS' and a radius of 266.87
feet; thence run along said curve an arc distance of 22.Q3 feet;
thence run North 21 degrees 22' 3~" East, 112.61 feet; thence
run North 32 degrees ~6' 30" Weat, 77.73 feet; thence run North
57 degrees 58' Weat; 110.0 feet; thence run North 32 degrees
02' East, 60.0 feet; thence run North 69 degrees 47' 30" Faat,
300.0 feet; thence run South 60 degreea 52' 30" Eaat, 375.0
Ik feet; thence run South 0 degreea 10' 30" East, 64.37 feet to a
point; thence run South 89 degrees 49' 'i0" West, 150.02 feet ~o
~ point; thence run South O degrees 10' 30" East, 23 2'eet to the
Northatest corner of Lot 4, Bayaho: e Estates, Unit Z1~ro; thence
run South 89 degreea 49' 30" West, 225 feet along the North lines
of Lots 2 and 1, BAyshore Eatatea, Unit 'Iti+o, to the Northrrest
corner of Lot 1, Bayahore Eatates, Unit 'I'rio; thenee run South
O degreea 10' ?0" East along the Weat line of said Lot 1, 110.6
feet to the Point of Beginning of the lands herein described.
Al1 of said property, together xith the appurtenances thereto and to-
gether ~vith all improvements, buildings and structures noM or here-
after placed thereon, and all furniture, turniahings, fixturea, ma-
chinery and equipme~t, noW thereon, and all additiona thereto ar~d re-
placements thereof, being hereinafter called, referred to and included
within the term "Demised- g-~emises".
2. Term. 'I'he terms of this Lease shall commence as of the date
upon MhicFi-~ie Declaration of Condominium of COIANNADES CONDOMINIUMS
NO. 3 hereinaPter referred to as the "Condominium", shall be recorded
amongst the Public Records of St. Lucie County, Florids., ar~d shall
continue thereaPter Por a period of ninety-nine (99) years.
3. Use of Premises. ?he Lesaee is the aasociation formed pur-
suant to app ca e provisions oP the Florida Statutes i'or the :
purpose oP mariaging the affairs of the Condominium. The Lessee has en- '
tered into this Lease to mak~e available the dem.tsed premises i'or the
.
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lAW OFFICES OF GOLOST~IN. FRANKL:N. CMONIN S SCHRANK. P A. 2020 NORTHEAST 163ac. STRSET. NCRTH MIAMI BEACH. FLORIDA 33162