HomeMy WebLinkAbout0483 . ` ~o~g ~
!
PARKING LEASE ;
~
LEASE made this ~ day of August, 1977, between OUTDOOR `
RESORTS OF AMERICA~ INC.~ City of Nashville. State of Teru~essee,
hereinafter referred to as OUTDOOR RESORT3 and FIRST FEDERAL SAVINGS
& LOAN ASSOCIATION OF MARTIN COUNTY, 989 South Federal Highway,
Stuart, Florida, hereinafter referred to as FIRST FEDERAL.
The parties agree as follows:
1. OUTDOOR RESORTS is the owner of the following describe~-
real property as shown in Exhibit "A"~ and FIRST FEDERAL is the ~
owner of the following described real property as shown in Exhibit
"B". Contained on OUTDOOR RESORTS' property is a pool complex
and parking lot to serve the users of the pool and on FIRST FEDERAL'S
property is located a motel and parking lot to serve the users
of its facilities. Since the parking lots are contiguous. it is s
4
the desire of the parties to enter into a parking lease of OUTDOOR ~
;
RESORTS' parking lot to handle the overflow parking from the motel i
. ~
property.
THEREFORE, OUTDOOR RESORTS hereby leases to FIRST FEDERAL
that cer~ain property owned by OUTDOOR RESORTS as described in ~
a
Exhibit "A", for the use as a parking lot, f
2. For the sum of ONE HUNDRED DOLLARS ($100.00) per month, ~
and other good and valuable consideration, the receipt of which
is acknowledged, the parties have entered into the above-mentioned j
lease contained in paragraph 1.
3. DURATION. The term of this lease shall be for a
~
i
period of fifty (50) years, beginning August 1, 1977. Each party ~
covenants to keep the other party in quiet possession and enjoyment
_ ;
of the premises during ~he term of this lease. ;
4. SUBLET OR ASSIGNMENT. This lease may be assigned
. t
to successors in interest of Lessee.
~
- °~2~~y--482 ~
~