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V3RO nllA~n3 ,\ mPROV:m :UT COMPAJlY '10
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ony OF V3RO
\"lARRAlITY D3:ID
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THIS IHD~!fTl'R3, made this 14th doy of Iiovember, A.D. 1924, between \taro Finance &:
Improvem:nt ~orpor6t1on.a ~orpornt1on exiot1ng under the lows of the jtute of Florido.
having its princlp~l place of businoss In the County of Jt. Luoie and 3tnte of Florida, party
of the first port and City of Vero, a ;:unioipal Corporation 01' the Stato of Florida, party
of the seoond port. '
WI 'I'll" ;"~'~m!l
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that the said party of the first part, for ond in oonsi de\rn tion of, the
SUI:! 01 Twenty-five thousand dollars (~26,OOO.OO), to it in hand paid, the reoeipt whereof is
hereby aoknowledgOd, has grbnted, bargained, Bold, aliened, remised, releoaed, oonveyed ond
oonfirmed, llnd by these presents doth grl.\nt. bargain, sell. olien. remise, releose, convey,
6lid confirm. unto the said party ot the se,Jond part and its successors and aosigns'1'orever,
all that cartoin parcel of land lying and being in the County >-f St. Lucie aud stato of Flor-
ida, wore pal.tlcularly described as follows;
3lo~ks 16 and ~l, ~ity of Vero. Florida, as sal1e are designated on the p~at of the
Indian iUver :'arC8 ~ompnny. 1-'iled in the office of the CIeri: l)f tho Circai t ~ourt of ~t. Luoie
County r'lorida.
':o(nTlgR with all the tenements, hereditmr.ents aud oppurtenances, with every privil-
ege, right, tit::.o, interest and estate, ro1ersion. remainder a110 eSl3en.el1t thereto belonging
or in 8D1w1Se appertaining.
TO J~V3 MiD TO HOLD the Scme in fee simple forever.
This deed is executed in aooordance with the provisions of ~h8ptar 129 of the Ordin-
ances of the City of Vero, Florida, approved Deoeober 26th, 1924, and is subject to the fol-
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lowing provioions 8S set out in i3aid ordinanc:-, to-wi t;
(a) That the property be used exolusively for city park a~ld civio center purposes,
provided, however, that the Ci ty of Vero may Rell to the Plorida 3ast Coast Railway CompaliY at
.
a reasonabJe pT1~~ en~ pertior. of tho P~Opurty,hbreinobove described for Usa in ereotil~ and
maintaining thereon a passenger rail.a:! statiol., and in tte event of the sble of a~ part
of said property for said purposes the Vero Finance Slid Improvement Corporation shall make,
execute and deliver a deed to the Flori.da E:ast Coast Railway JOIJpany conveying any interest
it may have in the propert;,' so purchased by said railwoy company.
(0) That the Oi ty of Vero sholl levy ond colleot by taxation each year a SUIn not
less than ~2,OOO.00 to be expended in cultivnting SlId improving the proporty h',reinabove d08-
cribed.
(c) Should the City of Vero at any ti~e cease or fbil to maintain and use the prop-
.,
. t th ..1d,p~~ertv shall revert
erty above described for.. city park or oivic cen er pwposes, e.. _ _ J
to the Vero Finanoe & Impr~vement Corporation, its suocessors cr assigns upon payment by it
f th of m."entv-five thousand dollars, plus tho oosts of all
within one year thereafter 0 e sum ~ft J
permanent improvements made upon said property and upon the further payment of six per oent.
interest annually on the purchase price of said property and the oosts of said improvements
a,~~.
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from this date.
And the said party of the ~lrst part do\h oovenant with the said party of the sooond
part th&t it 1s lawfully seized ot the 8aid premi8es; that they are ~ree of all inoumbranoes,
and that it bas good right and lawful authority to eell the same; and the said party of the
tirst part does hereby tully warrant the title to said land, and will 4efend the same asainet
the la~ful olalms of all personewhoms08T8r.
IN WITNESS lrdlREOP, the said party of the first part haa oaused these p~8aentB to
be signed in its nam9 by 1~9 Jresident, and its oorporato uta1 to be oftixed, attested by its
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. ':. ".<'::'.~f!::~&;R:~;~1r.