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HomeMy WebLinkAbout2047 _1 4~8 MEMORANDUM OF OPTION AGREEMENT The undersigned, on June , 1980, gave SUN BANK OF ST. LUCIE COUNTY, an Option to purchase the following des- cribed lands in St. Lucie County, Florida: Lots 1 through 12, Block 1, of ELMER ROBB'S unrecorded plat of TOTTEN'S SUBDIVISION of the SW I/4 of the SW 1/4 • of Section 17, Township 35 South, Range 40 East, more particularly described as follows: : Frpm the SW corner of Section 17, Township 35 South Range 40 East, run North along the West line of said Section 17, a distance of 49.5 feet, thence run East parallel with the South line of said Section 17, a dis- tance of 25 feet to the point of beginning; thence con- tinue East a distance of 276.9 feet; thence to the North with a back angle of 87 deg. 54 min. a distance of 389.2 feet to the South side of State Road #8 (now State Road #70); thence run Southwesterly along the~South right of way line of State. Road #70 ( formerly State Road #8 to a point 25 feet East of the West line of said Section _ 17, thence run South 208.9 feet, more or less, to the Point of Beginning. SUBJECT TO a life estate held by ANNA RRAMER in a por- tion of the above described lands, viz: A portion of Lots 1 and 12 of the unrecorded Plat of TOTTEN'S SUBDIVISION, described as follows: From the SE corner of Lot 1, run West along the South line of said Lot 1, 70 feet to the Point of Beginning; thence with a back angle of 92 deg. 06~min. run North 38 _ feet.; thence with a back angle of 92 deg. 06 min. run West 90 feet; thence with a back angle of 87 deg. 54 I'~~ min. run South 38 feet; thence East along the South line j of said Lots 1 and 2, 90 feet to the Point of Beginning. i TOGETHER with the right of ingress and egress over the E South twenty-five (25) feet of said Lot 12. Said Option shall expire at 2:00 p.m. on June ~J~, 1981 ~ but may be extended for an additional period of one hundred ~ . eighty (180) days upon payment of additional option money as provided in the Option Agreement. The Option further pro- ~ vides that the closing of the transaction shall be held on the 60th day after exercise of the Option. IN WITNESS WHEREOF, the undersigned have cause this . nn tN ~ Memorandum to be executed this 0~~ day of June, 1980. Wi Hesse } ~ ~ (SEAL) heodore Theo oro u o s r ~ ~ (SEAL) Amy Theodoropou os aka AMY Z. THEODOROPOULOS M 4 ~ t(R j Nci~~ oRirr(N ~crraiEa : uoro aUOKt~ r~~~ CMARTEpEO ? O 90k 1270. FORT MERLE. FLORIDA 33450 - TEIEPMOME (303) 49~-9200