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0464
? , ~ r. ~ . RECE~VEp MAY 141919 THIS LEASE AGRE:~?i:~;T, ~~r,tered into or, t:iia 1;~ day of ©e~ob?~ , 1972, by and betc.een LGCiL:.E V. COS':~1, hereinafter referred to ~-?s "Lr.SSO~t," and SAI:.^ LUCIE Etii~Z- . PRISES, IfiC., a Florida corporation, hereinafter referred to as "LESSEE," WIT~ESSETH: ' z. . Pkr::IS::S LE.1S.?7 Lessor hereby '_cases unto Lessee the followi,^,r des- cribed pre,-nises located i;. St. Lucie County, Florida, :Wore particularly describes as ~olio::;~ , to a:it The South S00 t of Tracts G, U , E , a:~d G of COR11L COVE: SUIIUTVISIOti, SECTION OtiE, lyi:~g in Section 25 , To.anship 3 ~i SoL: wit , ?an5e 40 East, as rr..~orded in Plat .IIoo:{ 11, pa5e 30 ~1 & B, St. Lucie County, Florida, Containing 9.662 acres, a_a more fully describ:~ti in the Survey .of Surveying Services of Fla., Inca dated 9/12/72, attached hereto as exhibit togetrer wi~11 the right to the unoastructed use of the Atlantic Ocean water front t:hich comprises the East boundary thereof , subject to the rights, if any, of the public and all state and governmental agencies to said water • front . Lessor covenants that at her expense s:~e will furnish water and sewera5e utilities stubbed-out to the west lot line of the leased prea-nises described above. Lessee covenants that it will pay all hook-up ar.4 connection charges from said stubb-out point and will further pay the monthly rates for all utilities. II. k.. 1 i. .'a Tho initial term of this lease shall con.;~ence December 1, 1973, and end tY~enty (20) years thereafter, unless renewed as hereinafter provic:e3, but in any event tae first :~oathly rent~~l u :3er this lease shall be clue and p~-~yable on Deeea•:~er z, l'~73. 3~0 ~a~F 46~ . ,...t~. .