HomeMy WebLinkAbout3610 or assigns, shall have a lien upon su~h property to secure pay-
ment of all such accounts.
12. Grantor expressly reserves the right to release
grantee from any or all of the restrictions, conditions,
~ reservations and covenants herein imposed at any time, by
written instrument in such form as to entitle it to be placed
of record in the public records of St. Lucie County, Florida.
13. All of the conditions, covenants, restrictions
and reservations set forth herein shall run with the land and
the grantee, by accepting the deed to said premises, accepts
the same, subject to such conditions, covenants, restrictions,
and reservations and agrees for itself, its successors and
assigns, to be bound by each of such conditions, covenants,
restrictions and reservations jointly, separately and sever-
ally.
14. The covenants and restrictions set forth in
Paragraph 1 hereof shall cease, terminate and be of no further
force or 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 st~bstantial purpose other than (i) marine research,
scientific, educational purposes, (ii) commercial purposes
similar to those for which such property is presently being
used by grantor or its lessees, or (iii) single, one-family
residential purposes.
15. The covenants and restrictions set forth in
Paragraphs 3, 8, 9 and 10, respectively, shall cease, terminate
' and be of no further force or effect at such time as grantor,
its successors or assigns, shall fail to observe the same
restrictions with respect to any of the property presently
owned by grantor abutting the man-made channel and not con-
veyed hereby.
IN WITNESS WHEREOF, the grantor has caused these
presents to be executed in its name, and its corporate seal
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