HomeMy WebLinkAbout0536 ~or counsel shall be paid by the grantee, his heirs or assigns, and
~the grantor, its successors or assigns, shall have a lien upon such
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11. Grantor expressly reserves the right to release
grantee from any or all of the restrictions, conditions, reservations
and-covenants herein impos~d at any time, by written instrument in such
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form as to entitle it to be placed of record in the public records
of St. Lucie County, Florida.
12. All of the conditions, covenants, restrictions, and
reservations set fortn herein $hali ~un w~~i th~ ~ar=~ a:~ ~~e gr3nt~p,
by accepting the deed to said premises, accepts the same, subject to .
---~uch-conditions.,_ cnvenants~__r_estrictions, and reservations and agrees
for himself, his heirs and assigns, to be bound by each of such
conditions, covenants, restrictions and reservations jointly, separately
and severally.
1~: the covenants and restrictions 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 substantial pur-
i
; pose 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
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F (iii) single, one-family residential purposes.
~ 14. The covenants and restrictions set forth in
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~ Paragraphs 3, 7, 8 and 9, respectively, shall cease, terminate
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~ and be of no further force or effect at such time as grantor, its
~ successors or assigns, shall fail to observe the same restrictions ;
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~ with respect to any of the,property presently owned by grantor
abutting the man-made channel and not conveyed hereby. ~
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~ 15. Grantor warrants and covenants that grantee will at
ra
all times have water ingress to and egress from the described
~ property through the channel described in that certain Channel
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