HomeMy WebLinkAbout2118 written instY•ument in such form as to entitle it to be placed
of record in the public records of St. Lucie County, Florida.
8. 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 severally.
9. 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
the Grantor abutting the man-made channel, as described in that
certain Channel Easement Agr~ement dated December 20, 1972, and
recorded in Official Record Book 209, Pages 588-592, public
records of St. Lucie County, Florida, and not conveyed herein
for any substantial purpose other than (1) marine research,
scientific, educational purposes, (2) commercial purposes~similar
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~ to those for which such property is presently being used by
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~ Grantor or its Lessees, or (3) single, one-family residential
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~ purposes.
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% 10. The covenants and restrictions set forth in
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~ Paragraphs 2, 4 and 5, respectively, shall cease, terminate
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~ and be of no further force or effect at such time as Grantor,
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~ 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 conveyed
~ hereby.
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Y} IN WITNESS WHEREOF, the Grantor has caused these
presents to be executed in its name, and its corporate seal to
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