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EXHIBIT 11
i '~~o CONDOMINIUM SPECIAL WARRANTY DEED
THIS INDENTURE, made this /S-~ day of 1'av~, 19~ between
HIGH POINT EQUITIES, INC. , a Florida corporation, ereina ter referred to
as "Grantor", and ORLANDO MASSENZIO and LAURA M
whose post office address is 7 C Crooked Lake Lane, Fnrt pierce •
State of Florida 33450 ,hereinafter referred to as "Grantee".
WITNESSETH•
That Grantor, for and in consideration of the sum of TEN (510.00)
DOLLARS and other good and valuable consideration paid by Grantee, the
receipt of which is hereby acknowledged, has granted, bargained, and sold to
Grantee and Grantee's heirs and assigns forever the following described real
property situated, lying and being in St. Lucie County, Florida, to wit:
The Condominium Parcel known as Apartment 5170 of
Phase 1 of HIGH POINT OF FORT PIERCE CONDOMINIUM
SECTION II (the "Condominium") according to the Declara-
tion of Condominium thereof, recorded in Qfficial Records
Book 304 at Pages ~ 3Q~ through 1508 of the Public
Records of St. Lucie County, Florida as such Declaration
may have been amended by any amendments thereto
hereto filed in the Public Records of St. Lucie County,
Florida including, but not limited to, any amendment to
add the aforesaid Phase to the Condominium (if such
Phase be other than Phase I thereof).
Grantee, by acceptance hereof, and by agreement with Grantor hereby
expressly assumes and agrees to be bound by and to comply with all of the z
covenants, terms, conditions and provisions set forth and contained in the E
aforedescribed Declaration of Condominium, including, but not limited to, the
obligation to make payment of assessments for the maintenance and operation
of the Condominium which may be levied against the above described Apart-
ment. Grantee expressly acknowledges the existence of a -Settlement Stipula-
! tion and Agreement for and Grant of Easements and Other Rights (the "Settle-
ment Stipulation") and a Declaration of Protective Covenants and Restrictions
(the "Protective Covenants"), as hereinafter set forth. The Settlement Stipu-
~ lation provides for this Condominium to be served by certain facilities of High
~ Point of Fort Pierce Condominium Section ~ 1 and the Protective Covenants
{ provides for certain land use covenants upon the land areas described therein
(including, but not limited to, portions of the land areas included within this
Condorr?inium) and provides for certain drainage easements and other ease-
ments and rights inc]uding, but not limited to, the "Roadway Easement",
"Sev~age System Rights", "~~'ater System Rights" and "Future Development
Property Drainage Easement", all as are more particularly described therein,
all in addition to the other matters set forth in the Settlement Stipulation and
Protective Covenants, which other matters include, but are not limited to, the
obligation to pay certain "Assessments" as are respectively set forth in the i
i Settlement Stipulation and Protective Covenants. Grantee expressly acknowl-
~ edges and assumes the obligation to pay the amounts assessed against the
Apartment under both the Settlement Stipulation and Protective Covenants and
_ acknowledges that "Assessments" under both the Settlement Stipulation and
Protective Covenants .against all properties now or hereafter included within
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