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THIS WARRANTY DEED Made and executed the llth day ofAp ril A.D. 1972
~y GENERAL DEVELOPMENT CORPORATIOr, a corporation existing under the
laws of Oelaware, and having its pxincipal place of business at
1111 South Bayshore Orive, Miami, Florida hereinafter called the
Grantor, to CHARLES N. WEBB and OLIVE WEBB, his wife, whose post office
address is P. O. Box 190, Rural Route #5, Wilmington, Ohio, 45177
hereinafter called the Grantee:
WITNESSETH: That the Grantor, for and in consideration of the sum of
$10.00 and other valuable considerations, receipt whereof is hereby
acknowledged, by these presents does grant, bargain, sell, alien, remise,
release, convey and confirm unto the Grantee, alZ that certain ~and
situate in St. Lucie County, Florida, viz:
- A Parcel of land lying in Tract "D"; RIVER PARK UNIT 3,
Plat Book 10, Page 80 of the Public Records of ~St. Lucie
County, Florida, being more particularly described as
follows:
Commencing at the most Easterly corner of said Tract "D"; thence
run S62°22'00"W, along the Southerly boundary of said Tract "D"
a distance of 307.82 feet to the Point of Curvature of a circular
curve to the right having a radius of 1011.10 feet; thence
Westerly along the arc of said curve thru a central angle of
14°56'34" a distance of 263.69 feet to the Point of Beginning
of the Parcel of land hereinafter described; thence continuing
Westerly along the arc of said curve thru a central angle of
6°23'Ol" a distance of 112.65 feet; thence run N6°18'S?"k~ a
distance of 194.04 feet; thence N62°22'00"E a distance of 36.65
feet; thence S27°35'03"E a distance of 215.81 feet to the Point '
of Beginning. Containing 0.344 acres more or less.
SUBJECT TO:
1. Ad Valorem real property taxes.for the current year and all
subsequent years.
2. Conditions, restrictions, easements, limitations and
reservations appearing of record, if any; this reference,
however, shall not operate to reimpose same.
3. Zoning and regulatory~ordinances of governmental agencies
having jurisdiction over the premises.
4. The following additional restrictions which shall be deemed
to be a covenant running with the land:
The Grantees named herein are required to commence
construction of improvements on the subject property
- not later than six months from the date hereof.
Construction of such improvements shall be in accordance
with reeorded Deed Restrictions and applicable zoning
regulations and shall be pursued diligently to completion.
~ In the event that Grantees fail to commence and pursue
' sr E OF FLORIDA to completion such construction, the Grantor, at its
~ UMENTARY sole option and discretion may elect to repurchase the
; a suRTAX subject property for the sum of $9,000. In the event of
j such election to repurchase, the Grantees herein, or its
;11•~ successors and assigns, shall reconvey the subject property
~
to the Grantor free antl clear of any liens, encumbrances
~ ~~,~p or any other defects in title arising out of Grantees'
t o ownership of the subject property. Any expenses incurred
i - to eliminate, discharge, cancel or release encumbrances or
~,55 -clouds on title created as a result of Grantees' ownership,
shall be born by the Grantees. If Grantees fail or refuse
to reconvey title in accordance with the foregoing, Grantor
may elect to bring an action for specific performance and,
in such event, Grantees shall be responsible for all costs b
thereof including reasonable attorneys fees. Q~ ~
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