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HomeMy WebLinkAbout3602 13. The covenants and restrictions set forth in Para- graph 1 hereof shall cease, terminate and be of no further for~e ~r effect at such time as grantor, its successors or assigns, shall use any portion of the property presently owned by grantor abutting the man-made channel and not conveyed hereby for any sub- stantial purpose other than (i) marine research, scientific, - educati~nal purposes, (ii) commercial purposes similar to those for which such property is presently being used by grantor ~r its lessees, or (iii) single, one-family residential purposes. 14. Z'he covenants and restrictions set forth in Para- graphs 2, 7, 8 and 9, respectively, shall cease, terminate and be of no further £orce or effect at such time as grantor, its suc- cessors or assigns, shall fail to observe the same restrictions with respect to any of the property presentZy owned by grantor abutting the rnan-made channel and not conveyed hereby. Grantee accepts this deed to replace the deed between the parties, dated May 26, 1971 and recorded in Official Record Book 192, Page 2600, St. Lucie County Records. IN WITNESS WHEREOF, the parties have caused these pre- sents to be executed in their respective names, and their respective : cor~m~ate seals to be hereunto affixed, by their proper officers , - ;=ther~nnto duly authorized, the day and year first above written. ~ • - f ' _ S ic~n~d;_ sealed and del ivered MARINE SCIENCE CIIJTER, INC . t in~-t~ie=~Fesence of: ~ . . ' . , t ~ = , r; ' ('~OR~URATE SEAL) . - . : ' $y <.fi~~ ~ ~-f t~J~ ; ~ ~ : ~~ST , President t By, ~ -r ~ ' ..I . _ _ r ' - Secretary ~ ~ , ~ ~~4_C~-~cui.. ~~~.3- _ - As to Marine S'ence Center, Inc. HAR.BOR BRANCH FOUNDATION, a N~n-Pre.~it Foundation l , c~ ( ~ ~~'~3~~-C~~f.CLC -~4..~.~'-.~-L,~ gy ~/~--z~. ~ l~ ~t~l--- , Trustee _ 1~~ C~~ By direction of Trustees ~f~i.cdc/ As to Grantee -5- p~'~r~V~ ~=~E 59? ~ ~ _ _ - _ ~ _ ~ ~ ~ _