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' OPT~ON AGRE~~iENT .
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THIS AGR IENT made and e~tered into this
day of Ta~C-'JZ- , 1970, by and bettveen C. E. ALLEN &
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COI~PANY, a Florida corp~ration, hereinafter calied ALLEN, and~ ~
GORDON S. b~U"~'T, as Trustee, and/or Assigns, hereinafter called ~
TRUST~ s
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'~J~TNESSETH: That ALLEN, for and in consideration oF '
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the sum of ONE TKOUSAND AND NO/100 DOLLARS ($1,000.00) and other ~
valuable considerations to it in hand paid, the receipt whereof
is hereby acknowledged, do~s hereby give and grant unto the
TRUSTEE the privilege and option of purchasing the Following
described property in St. Lucie County, Flurida, to-wit:
~11 those certain lands lying in
Section lo, Townsnip 35 Sourh, ~ _
R:~~ge 40 East, as described in
Schedule A at~ac"Y~ed hereto and
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maae a part hereof, at and for a
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o N ou.~chase price and upon ~~?e terms and . .
condi ~ions hereinafter set Fc~rth,
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M 1. The TRUSTEE shall be required to exercise this ~ ~
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~ On~ion u;-~n a~?d purchase a mi~imum of 30 acres on or before ~
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120 day~s after the date of this Agreement anci a minimum oF
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~ x- 30 acres on or before one year after d~te o£ closing of the
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~ y,~ sale on the first 30 acres and a minimum of 30 acres on or before
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~o o:o the same day of each year thereaFter. This Op~ion shall be
e-r.ercised by TRUSTEE ~iving written notice of his election to
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z pr:rchase said property on ea~h 30-acre tract within the times
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~ 4oove ::eL forth, specifying in each notice a description of -
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~ ;;:.e pro~ e^ty to be purcY;ased and ~hall deliver with said notice
a. ce: ~~ficate of a re~istereci Surveyor certifyin~ to the total
~:;re~4e conLained in said descrlption excludin~ fr~m said
~cre~~e computa~ion any existing and/or recorded ri~;iit-oi'-ways
~:d e~sc.~ents, provided nowever that t'r.ere sha12 be ;ncludec ~
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: ~~c acrea~e cor.?putation any piatted stre~ts on exist3n;;
=•~ccrcic:i subdivision plats covering portions of said oro~erty
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