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NINETY-NINE YEaR LEASE
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THIS L^AaE entered into b~r and between ~'IRST NATIONAL BANK OF €
FORT PI~ Rr,E, as Trtzstee, ~~rxier Trust Agreement Cutcd Noveniber , 1970, ;
and knot-~n as Trust Number 1, hereir?s~'ter ePllad ~he "Lessor", and
GOIANNADES r'ONDOMTNIUMS ASSOCIA~TTOi~' N~. 3, IhC. , a corporation not
2~or profit under the laws of thn State of F:or:da, hereinaft~r c91?.ed ~
the "Ix.ssee",
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W ITNESS~;TN: ' ~
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1. Deraise. Upon the terr~~s ~r~i COY1C1~t~O118 her~ir. ~et Porih aryd
in consi e~~'on of the prompt pay,7ent fram time to timG by thc Lessee
o~ the rents ~~d ather sums ~f money herelnaftEr set forth, ancl in con-
siderat3 on of
the prompt and cor,tinuous per~'~rr.+.ance Uy the Lessee oP
each and every of its covenant3 and agreements hersi:z ~rade to be kept
and per~ori~d, the Leas~r doea t~ereby leasa, let and r.e;~is~-: unto the
Lesaee, anc. the "Lessee 3oes hereby lease c!' and P:om the Les~or, the
folloF~in~ described property, l~ing arx; baing s3tuate in St. Lucie
County, Florida, to wit:
Be~iiining ai: the Southwest corner of Iat 1, B~ys:~ore Esthtes,
Unit ~,ro, S~. Lucie County, Florida, as per plat• *.hereof ~
rec:orded in :lat B~ok 14, Page 25, St. Lucie County, Fierida,
Public Records, run South. E9 degr~e:i 49' 30" West alon~
the North right-of-way of Baysh~re Dr~ve a distance of 1SOs'feet
to 1;he Point of Curvature of a curve concuve to the nortl:east and
haviiig a central anglP of 41 dEt :^ees 05 ~ aixt a radiu~ of 265. ~7
feet; thence run alot~; ~aid curve an arc distance of 22.03 fe~t;
thence run North 21 degrees 22' 30" East, 112.61 fePt; *hence
_ •run North 32 degrees 36' 30" West, 7?.73 i'eet; thenca run North ~
57 degrees 58' West; 110.0 feet; thenc~ I~un H~rth 32 dp~rees `
02' East, 60.0 feet; thence run North 69 degrees 47~ 3J" Last,
300.0 feet; tnence run South 60 de~rees 52' 30" East, ~75.0
feet; i.:zence run So~.~th 0 degrees 10' ~O" East, 64.37 Y'eet ~o a
~.~oin~; thence run South 89 degrees 49~ ;0" West, 150.02 t'e~:t tc
a~~oir.t; then~e run South O degrees 1•~' 30" East, 23 fee`: to the
?~10~ ~hr-.est corner of Lot 4, Bayshore ~st.:?tes, Unit ~vo; thenc~ '
run So~ith 8S degrees 49~ 30" West, 225 ~'eet along ~Y,e *:c~ri;h li~es
of' :~ots 3, 2 and 1, Bayshore Estates, Unit Two, to tne NorLY~west
coraer• oi' Lot l, Bay4hore Estatea, Unit Two; thence ~un :auth
0 degrecs 10' 30" East along the Wes4 line of said Lc~t 1~0.0
feet to ~he Point of Beg~nning o~" i.he lands herei~ desc;rib~c~.
A13 of said p-roperty, together with thc: ap~,urtendnces ~her~tc and to-
gether with all im~rovements, buildings fir3 structures now or here-
after pla~zd thereon, and ail furniture, furr?ishi.n~s, ~`ixtures, m~:-
chiner,ti- an~i equipment, now thereon, and 81~ 8dd3t1~3!'~4 thereto and re-
placements trsreof, being hereinafter calle.i, refArred to ~nd included
within th~ term "Demised Premises".
2. ':erm. The terms of this Lea~e sr.alx comman::e as ~he date
upon whiaF-i ~Fie Declaration ef Condominium t+f ~OLGNNADES C~N~ONINIUMS
3 hereinafter referr•ed to as ~he "Gondo?ninium'', shalt be reccrc~~d
anongst tha Public Records oi' 3t. I.~..;;ie County, Flor'.du, ar~d shall
continue th~reafter for a period of nir.ety-ni.ne (99) years. _
3. Use of Premises. Thc ! s~;,ec~ is the associatio:~ i'ormed pur- ~
svant to '~~e app~ ca e provi~inn3 of the Rl.or:da Statvt~s for the '
purc•~~se of r~,anagir,g the aff~irs of t,he Cur~~mi~iiuir~. The L~ssee has en-
tered into tn; s Lease to make ava11ab1P the d~mi~ed r.remis~:s for ~he
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