HomeMy WebLinkAbout2812 . 4`~~il I i~ Return To ,3 ~
Norman Dean Kohl, Jr.
DeSantis, Cook, Meehan,
Cohen, Gaskill b Silverman,
P.A.
AGREEMENT NOT TO ENCUMBER OR 860 U.S. Highway One
TRANSFER PROPERTY N. Palm Beach, Fla. 33408
THIS AGREEMENT (hereinafter the "Agreement") made and
entered into this 11th day of April, 1979, by and between
ANGLO AMERICAN DEVELOPMENT CORPORATION (hereinafter referred
Aa Idaww~S oc ?ss~~rS.
to as "Optionor") and E.G. GREEN, TRUSTEE^(hereinafter referred
to as "Optionee").
W I T N E S S E T H:
WHEREAS, the Optionor and the Optionee have entered into
an "Option Agreement" of even date hereof, covering the property
("Property") described in Exhibit A attached to this Agreement;
and
WHEREAS, the parties desire to record this Agreement as
record evidence of the outstanding Option Agreement.
NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements contained in the said Option
Agreement, THE PARTIES HERETO AGREE AS FOLLOWS:
1. This Agreement Not to Encumber or Transfer Property
has been prepared in accordance with the Option Agreement of
even date hereof. Any conflicts between the terms of this Agree-
went and of the Option Agreement shall be resolved in favor
of the OPtion Agreement.
2. The Optionor agrees that so long as the Optionee per-
f -
f
formed each and every term, covenant and condition of the Option
Agreement, and so long as the said Option Agreement shall remain
in full force and effect, the Optionor will not: (1) create or
permit any lien or other encumbrance to exist on the Property
or (2) transfer, sell, or in any manner whatsoever dispose of the
Property, or any interest therein.
3. This Agreement may be cancelled and discharged of
record by the recordation of a Quit-Claim Deed from the Optionee
i
I
5b
9,
k~307 ac.2~11
scU..
Prepared By: Elliott B. Barnett ,
RUDEN, BARNETT McCLOSKY 6 SCHUSTE R, ATTORNEYS AT LAW, 25 SOUTH ANDREWS AVENUE, FORT LAUDERDALE, FLORIDA 3
s I
_ ~ Y