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HomeMy WebLinkAbout1993 - Title and Easement Copies�9,City of Sebastian sy9s8 ❑ SEBASTIAN, FLORIDA 32M TELEPHONE (407) 589-5330 ❑ FAX (407) 589-5570 October 29, 1993 Joel K. Goldman, Esq. Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, P.A. 1221 Brickell Avenue Miami, Florida 33131 Dear Mr. Goldman: Per instructions from the City Attorney, enclosed is the original Grant Of Easement which was executed at the City Council meeting of October 27, 1993. If you have any questions regarding this please contact: Charles I. Nash, Attorney 930 S. Harbor City Blvd. Riverside Center - Suite 505 Melbourne, Florida 32901 (407) 984-3300 Sincerely, Kathry lTa loran, CMC/AAE City C erk KMO:js enclosure c.c. Charles I. Nash City of Sebastian ST Z o SEBASTIAN, FLORIDA 3� p-eT pFjG9z TELEPHONE (407) 589-5330 ❑ FAX (407) 589-5570 October 28, 1993 Mr. C. I. Nash, Attorney 930 S. Harbor City Blvd. Riverside Center - Suite 505 Melbourne, Florida 32901 Dear Charlie: Enclosed are copies of the Grant Of Easement as executed by the Mayor and City Clerk. We will keep the original on file in this office until we hear from you about disposition of.the Purchase and Sales Agreement. Sincerely, Kathry M. O'Halloran, CMC/AAE City Clerk KMO:js enclosure r Prepared By: Joel K. Goldman, Esq. Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, PA 1211 Brickell Avenue Miami, Florida 33131 Reserved for Clerk of Court PARCEL LD. NO. TAXPAYER I.D. NO. KNOW ALL MEN BY THESE PRESENTS that THE CITY OF SEBASTIAN, FLORIDA, having its principal place of business at 1225 Main Street, Sebastian, Florida 32958 (the "Gtaatoe), in consideration of the sum of TEN DOLLARS ($10.00) and other valuable considerations, receipt of which are hereby acknowledged, does hereby grant to GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation, having its principal place of business at 2601 South Bayshore Drive, Miami, Florida 33133 (the "Grantee"), and to its successors and assigns, a non-exclusive perpetual easement ("Easement") for the construction, maintenance and repair of utility facilities over, upon, under, across and through the described lands of the Grantor, situated in the County of Indian' River and State of Florida, as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (the "Easement Parcel"). The Grantor, however, reserves the right and privilege to use the Easement in common with Grantee for all purposes except as herein granted or as might interfere with Grantee's use, occupation or enjoyment thereof, or as might cause a hazardous condition. In the event that Grantee, its employees, agents or contractors cause damage to the Easement Parcel in the exercise of the privilege granted in this Easement, Grantee agrees to restore the Easement Parcel so damaged to its original condition and grade. IN WITNESS WHEREOF, the Grantor has executed this Grant of Easement this o?V day of October, 1993. Signed, Sealed and Delivered in the presence of WITN Print Name: Kathryn M. O'Halloran Ci y lerl WITN Print Name - STATE OF FLORIDA ) Q ) SS: COUNTY OF(�, f .i�eo) [CORPORATE SEAL] Th forego instru/67 ment as acknowledged before me this a day of October, 1993, by G t as c of THE CITY OF SEBASTIAN, FLORIDA Sh is personallY- known to me or has prod as identification. "IM�IYIY I [ID[\ 1�111�.1\IO/It/O [NOTARIAL SEAL] Notary Priv[ N i �' - w— Notary Pu Gc, State of Florida Commission No: My Commission Expires: H JOANNE SANDBERG Notry Public -State 01 Florlde W Commission Expires APR 30,1934 Gomm 8 cc 00693a -LEGAL DESCRIPTION LEGAL DESCRIPTION: -// r i An easement for the installation and Maintenance of a sanitar lift station, being a portion of TRACT "P"� SEBASTIAN HIGHLANDS UNIT l6, according to the plat thereof as recorded Y sewer 45A through 45J of the Public Records of Indian Book B and being more , Pages 45, particularly described,as._•Follows: County, Florida, Commence at the Northeast corner of Lot 11 Block 560, as shown Plat; thence N 10.00'00" W, along the West right of wa Drive (a 50.00 foot wide right of way on said the East line of said TRACT "P" Y as shown on said y line of Kildare OF BEGINNING of a distance of Plat) and along N l0°00'00" W the herein described 25'62 feet, to the POINT along said right of way easement; thence continue, distance of 48.70 feet, to the point of cu�vaturee and of Southwester' along said East line, e 80'00'00"• y' having a radius of 25.00 feet and a central ana curve gle of OF said curve to the left, a and of 34.91 feet, to a South right of wayYr along the arc shown on said line of High Court (a 50.00 foot wide �_i Point on the said being and a point on the North line of a right OF way as point being a point of tangency of said said Sou ft right of Way„P n, a distance of 29.79 line and long curve) thence West,.along feet• g the North line of said TRACT right of wa , thence S 10'00'00” E, parallel wj N 84°02'50" Ey of said Kildare Drive, a distance of 74.9. th the West Containing S5<,eaSquarence feetf more or50-12 ejess.to the POINT feet; thence OF BEGINNING; NOTE: See Sheet 2 of 2 for Sketch to Accompany Legal Description and Surveyor's Notes. A LL I,J N I tiguicerirlglInc. F:NGINEF;RS - SIIRVEYOIfS 106 DIXIE IANE (P.O.11OX 121121 COCOA i1 mi. f1.ORmA 12912-1121 407/701-7441 SURVEYOR'S CERTIFICATION: I hereby certify 1110 attached properly description was prepared under my direction, In accordance will' the "Minimum Technical Standards" for surveys, described InChapter 21 HH -6, Florida Administrative Coda, pursuant to Chapter 472.027, Florida Statutes. ALLEN EN EER , 0 : Not valid unless embossed ROB ON with Surveyor's seal STAT ES p LAND SURVEYOR ORIDA. NO. 4262 ANO C(:T'TlF7L••0'FOl''. S TO ACCOMPANY LEGAI NOT A BOUNDARY SURVEY 0 N --CSTI' F=r; -kr cF WdY U�IE IJ.IGI_l a:�uer ti t 1 UOE CSF_i f DESCRIPTIO i1 1 �pO1�JgCX )d 1 I 0 �' �„ ��� b dpr .. .°JI' V, 8' G/s 4a _1 f � -TV-� „ L.C,--r 2 25 I 1 I SURVEYOR'S NOTES: •1. .O - Denotes change of direction only - no corners found or set. 2. The bearings shown hereon are based on the West right of way line of Kildare Drive bearing N 0.00'00"W, per plat. MLL E N 3. See Sheet 1 of 2 for Legal Description and Surveyor's Certification. g�i,'neering,Inc.: ENGINEERS - SURVEYORS 100 DIY12 um ,(p.0.D0T 321321) COCOA Bum. noR1Dl 32p32-13ft 407/7x3-7113 SHEET 2 OF 2 OR NO.cJ24�1 e C PREPARED AND CERTIFIED FOR: -1E -GAL DESCRIPTION LEGAL DESCRIPTION: //Cr43 An easement for the installation and 'maintenance of a sanitary sewer lift station, being a portion of TRACT "R", SEBASTIAN HIGHLANDS UNIT 17, according to the plat thereof as recorded in Plat Book 8 46A through 46P of the Public Records of Indian River and being more 1 Pages 46, particularly described as follows: County, Florida, Begin at the Southwest corner of said TRACT "R"; thence North, aloe West line of said TRACT "R" and along the East right of wa Caprona Street (a 50,00 foot wide right of wa g the distance of y as shown on saidplat) of 90.00 feet; thence East, parallel with the South line of said TRACT "R", a distance of 60.00 feet; thence South, parallel wit/7 the East right of way line of said Cap; Street, a distance of 40.00 Feet, to a point on the South line of said TRACT "R"; thence West said South line, a distance of 60.00 feet, to the POINT Contain(rng 7400 square feet r along more or less. OF BEGINNING; NOTE: See Sheet 2 of 2 for Sketch to Accompany Legal Description and Surveyor's Notes. xngInccT-1rig, Inc. ENGINEE S - Sl11tyFyoltS 105 DIXIE. IANF. (P.0.IIO2 121321) rOrOA 11FAr.11, FLORIDA 12732-1121 107/701-7111 SHEET .Z *OF e OAR l)It�AWN !!Y. SURVEYOR'S CERTIFICATION; 1 hereby certify Ilio attached property description was prepared under my direction, In accordance wllh the "Minimum Technical Standards" for surveys, described InChaptor 211411-6, Florida Administrative Code, pursuant to Chapter 472.027, Florida Statutes. ALLEN EN E RO Not valid unless embos ed . PROFE 10 ON with Surveyor's seal STAT p LAND SURVEYOR ORIDA, N0.4262 "I PRE- ARL -0 AND CH TO ACCO 1W I W NOT A BOUNDARY SURVEY L7'T P=,L� Cnt3 U"E C--)� -re:'v, 'f'kfL&GT 11e 41 N ��LEI_. ti./I-r�-1 sad-Tt_I. u1.1E 8 /� L`if 3 � ,� LJfJE <� CdPRG�I-14 S-i7z.EE�• ��-R3- Uije: C- -,T� Cn' P. V. -s" ! 4=L"�IIJ`l- Cit✓ — _ _ —_ C��G�II�1.11tJC� SC)U`IT-LWEST C'.L72�1t_JZ CSF 'Teac.`r' "2^ Ljr-�`1' PaLcY`*x-, LLs-t- 1Co Coil. SURVEYOR'S I. O - Denotes change of direction only - no corners found or set. 2. The bearings shown hereon are based on the East right of way line of Caprona Street bearing North, per plat. 3. See Sheet I of 2 for Legal Description and Surveyor's Certification. IILN E ngineering,Inc,,. ENGINEERS - SURVEYORS 100 DER uta (p.O.BOz 32,321) COCOA BBAC11, YWR1D1 32932-1321 407/783-7443 SHEET 2 OF 2 4TF__ 3- 4_Co - 9J2 W PREPARED AND CERTIFIED FOR: C NOT A BOUNDARY I 750 SO FEeT SCNUMA.V,(/ p,�jvE Sy SURVEYOR'S R_ S NOTES: p I: 0 - Denotes change or dlrectlon only - no corners found or set. t' I 7. The bearings shown hereon are based on the West right or way line or Schuman Drive bearing South, per plat. n LEGAL DESCRIPTION. a Ar'J TrY- 2 An easement for the installation and lift station, beingmaintenance of 17, according a Portion of TRACT "K,, a . sanitary., sewer g to the K , SEBASTIAN HIGHLANDS UNIT. - 46A through 46P of thetPublic°F as Records ofded in Plat Book 9 and being more , .Pages ;,'46, Particularly described as Indian River,'County,"Florida, fol I ows: .._. Begin at the Northeast corner of said TRACT ; thence South East line of said TRACT "K" and along the West right of Schumann Drive (an BO. 00 foot wide right of wa ' along the distance of 15.00 y as shown anf'saidl la of said TRACT feet; thence West, parallel with the. North �inelof "K", a.distance of 50.00 feet; thence North the West right of way line of said Schumann Drive feet, to a , Parallel with said Northpline on the North line of said TRACT ;, a distance of 15.00 of Nay, a distance of 50.00 feet, to a K ' thence East along Containing of said Schumann Drive and to Point on the West right g 750 square feet, more or less. POINT OF BEGINNING; ffLEN- SURVEYOR'S CERTIFICATION.• ngineering,Inc. I HEREBY CERTIFy THE ATTACHED PROPERTY ENGINEERSI P77ON WAS PREPARED UND - SURVEYORS IN ACCORDANCE W17 -HER MDIRECTN, THE "MINIMUM TAION loa DIM /ANS (p•o.sor S21321) STANDARDS" FOR SURVEYS, DESCRIBED IN CHAPTER cocoe Dace, ngxlot 22932-1321 407/783-7"321 HH -6, FLORIDA ADMINISTRATIVE CODE, PURSUANT TO CHAPTER 472.027, fZORIDA ATUTES SHEET / OF / ALLEN' E INC' l NOT VALID UNLESS OBERT -- EMBOSSED WITH PROFESS/ N L N SURVEYOR'S SE4L STATE OF LORL AN NOSURVEYOR PREPARED AND CERTIFIED FOR: E s/r'J/%z DRAWN BY. k4S �En/Ez9G asi��Ga� ' N0. Zz0(::;0-%6 SCALE. „ ' lr 7n 11:13 y�Ef'aERAL DEVELOPF11” UTILITIES LEGAL DESCRIPrIDN! An easement for the instal lift station, being a portion Block 598 and Lot 210 Blgck according to the plat thereof through 416p of the Public Recoi being more particularly descrit 'dtion and. maintenar, IF a Drainage Right as l recorSdedin pia t ds of Indian River I gd-as followsa along Begin at the Northwest corner of said Lot 30, Blocl Drain the West line of said Lot SO and along with nand 4o.0Of Ala, a distance of 40.00 feet,t ttg Drive fa SD feet South of, the South right o�1 OF 98,12 feet0 foot wide right ;of way as shown on the Wast ' to a point on the East line OF s East line of said Drainage Right of Way; t line of said Lot 21 and along the'West line o OF WaYr a distance of 40.00 feet, to a point an t line of said Crawford Drive; t!%nce East, along sal 1 ine„".4 a distance of qg, 12 feet, to the along sa 1 X25 'equare feet, more or 1 ass, 119111t See Sheat 2 of 2 for Sketch to Accompany XJLICi N I ngineeringjnc, F.NGINFgRS - SUIjVky01LS 106 DIM JAMp.0,00it COCOA 11lLACR, nORMA 3xt132r 12321 407/76.7-7443 SHEET Y OF e :�n rr: Description and Surveyor's 1 hereby certify the alta prepared under my diraC "Mlnlsnum Technical Stan In Chapter 21NN-6, Florlda to Chapter 472.027, Florida P. 4/e of a Sanitary sewer. Way between Lot 30, LANDS uNlr -- ly ok Of Pages 4,6 46A nty, Florida, and 5981 thence South, the Cast line of said ante West, parallel Slay line of Crawford P140 a distance .at 211 Block 1619 and rnce North, along the said Drainage Right le South right of way 1 South right of hay EGINNING, Containing property doscriptlon was In OCCordance with the ” for survoys, described inislrallve Code, pursuant Not valid unions embossedOFESSION/Cj/j with Surveyor's $eal ATE op F D SURVEYOR MNo.M AND C .rt''1'1r_7E0 r-01?.. ^uu ar •7d 11:13 GENERAL DEVELOP NOT A UTILITIES I�Ic,LIT GAF wz4:! ut-1� at= C2,bw4'2��t3 rig r�5 Lc>~r- 2p SURVEY f::7�?IVE t ��1-I.,1�1� Y✓FL�G6Y WES`r �3.12� 9 r �2 tj P.5/8 1SCRIPTIO tiJ'r' cam' �ii�.tf`J1til� Tuw�r rn�1.1� LC3T fin. uLiF- c�F -41�2E' E!IGLI�r ov SURVEYDsrs NOT S, I• 0 - Denotes change of direction only- no corners fo nd or Tho bear(ngs shown hereon are based o tet• �Y �• DrJvo bearing East, pnr pial.. n the Sout right of way line of Crpwford L .EN 3• See Sheet I of Z foi Legal Description and Surveyor -s Certification. ngineering,rne. ENGINEERS - SURVEYORS 106 OM 1IN[ ((P.OHOI 3i16f1) COCOA HI1CB, YI.bRiDl Jp012-16i! 40 7443 SHEET;? OF V to AND CERTIFIED Hui >r 'y3 11 11 GENERAL DEVELOPEMENt UTILITIES P.2/8 LEG L DESCRIPTION W6 LEGAL OESSCRIPTIONt An easement for the in lift station, bein stallation and maintenance Lot gothereofBloc% 595 017 SEBASTIANIHI>HLANOSDrainage Right of pl sanitary sewer Public as ds in plalit UNIT , a cordis lying South Of Records of Indian 400k 6l; pages 4(i g to the plat particularly described Rver County, Flori aA through 46P of the as full wsI > and bein Begin at 9 more the Southeast corner b Wast right Of way line OF f said Lot as shown on said Aleiris Street 9p then a South, along the with plat) a distahce o (a 50-00 out wide right of way the South line Of f 40.00 North, parallel with the saLot 9, a dlatan t enc4D,W�st% parallel distance of 40. West 'Light of w 49 OF .Feet thence East 00 feat, to a point on ay Zine of said Aloxis 6trehence Meet , along 'the South line of South l no of t c1 i > to the POINT OF BEGINNING said Cot said Lot qp less. I Cont.ginin • a distance of 40.00 dl�a 9 1600 s uare feet > more or NN—Oji See Sheet 2 of 2 for Sketch to Accompany Legal Description and Surveyor's Notes. -jEN T n inccr•ing,Inc• 1URVEYORMS rrr I hereby codify the attach, xM A1 kNGINEERS - Sl1RVEY01tS Prepared under my dlrectfo, IN6 DRIE IABE (p,0.80I 02p21) Minimum Technical Stand& COCOA REAM P ORMA 32932 -tail _ in Chapter 21HH^6, Florida A� 407/763-7410 to Chapter 472.027, Florlda 5 SHEEP• J OF 'Z Not valid unless em'. _. .... — with veyor'su seal -- - Property description was In accordance with the • for survoys, described Inlstrative Code, pursuant rcZF=A , AND SURVEYOR ATE F A. NO, 4262 nuv ar v.� aa:1G bLNLf4C OLVELOPEMEMT UTILITIES P.3/8 �A1 NOT A toUNDARY• SURVEY 1-mi`''l✓Ikjea $0.6.1.1_E`.ti F1,DL.cx,b:K WEt" r i<sr.!.-r of _jo�rr 12) -EXIT . -, t IE Ql~ lipP.�..aLLEI.. 1l%t�'t-1 {�tCit.li' qF. �•�j ul.SE Qt= ��4� S1r�Et✓i } t. 0 - Denotes change of direction only - no ornery found or set. ?• The bearings shown hereon are based on t West right of way line of Alexi Street bearing South. per plat. 3•See Shoat 1 of 2 for Legal Description and iurvoyor'a Certification. MAN ngineering,Inc. ENCINEERS - sURV&YORS 100 Dm ""((ppA.tlo7l a2112t cw" BUM 7WIIDL =2-1 1 /07/M -7",j SHEET 2 OF 2 I. J—_ _�_�.��•• --� _ 4• REPARED DRAWN BY.•G'+ p AND CERT/PIED FOR. �ArF 3—iso- g� /dA N0.921n sC�t Q 3q; 2OJ EXHIBIT "A" Legal Description (Force Main Easement) The North 15 feet and the West 15 feet of Tract "T", Highlands Unit 16, according to the plat thereof a in Plat Book 8, at Page 45 of the Public Records River County, Florida. Sebastian s recorded of Indian . LZGAL DESCRIPTION LIS 9Y/ LEGAL DESCRIPTION: An easement for the Installation and maintenance of a sanitary sewer lift station, being a portion of Lot 9, Block 625' SECOND REPLAT IN SEBASTIANaccordin Plat HIGHLANDSk I?, Page 71 of the Public Recong �dshof IlndlanYeRiver of AS .....County, dod Florida, and being more particularly described as follows: Commence at the Southwest corner OF said Lot 9; thence N 24'48'01" W' along the West line of said Lot 9, a distance of 56.00 feet, to thence N 65T11OF 'S9" E�EalNNING dist'nceoof 20h00 feet7lthencedescribed Ni24 d48e01"M,Gl parallel with the West line of said Lot 9, a distance of JO -00 feet; thence S 65'11'59" W' a distance OF 20.00 feet, to a point on the West line of ,aid Lo; thece S g the Wasline OF distancetof9JO-00nfelt, 2 to theI POINT aOFnBEGINNING; t Containing 600 square feet, more or less. Together with the following described Ingress and Egress easement: egresso ing a OF 15,00 footwide d62.5, SECOND for REPAATss INndSEBASTIANbeportion HIGHLANDS LINIT- 9, according to the plat thereof as recorded In Plat Book 8, Page 71 of the Public Records OF Indian River County, Florida, lying 7.50 feet on each side of the following described centerline: Comaence at the Southwest corner of said Lot 91 thence N 24'48'01" W, along the Nest line of said Lot 9, a distance of 56.00 feet; thence N 65.11159" E, a distance of 20.00 feet; thence N 24.48'01" W, parallel with the West line of said Lot 9, a distance of 15.47 feet, to the POINT OF BEGINNING of the herein described centerline; thence N 06.16'53" E, a distance of 47.20 feet, to a point on the South right of way line OF Caprol•Lane (a 50.00 foot wide right of way as shown on said plat) and the POINT OF TERMINATION of the herein described centerline. The sidelines of the above described easement are to be lenghtened or shortened as necessary to meet At angle points formed. f� Il �// d i T .a A NOTE: So. Shoat t or T for Skalch to Acc<mpany Legal Doscripllon and Suivoyor's Nolo$. MI9�1N ring,tiiC. MCINEF.IIS - SIIIM1y"S Ib �qS 4R (FAl 2un'( ma a,& novel mE-tm a,slrfwx 13 SHEET l OF 2 IL�: OItAWN UY.� ., __...._ ....... _..... . n NO. ^CAI f.': SURVEYOR4 CERTIFICATION: a. I harcey certify lha attached prop<rly'acurl6tion wa, preparod .odor my direction, IA YCLuit h, Or wIIR'tho Minimum Tachnlcal Standards".. ryiY'IdrvcyiV duicrlWd In Chaplar TIHH4, FI>Ida Admiglsi n llvc'Cdde, jnirwent V CWpaer aTTJTT, Fbid+SasN/ neAFRIEe IN By / ey - I HJ,h S.d ..r'. mboved STATE S11OF AC NO NO. SURVEYOR with Surreyo.Y $<al STATE OF L OA, NO. <Iai Phry,Am.0 ANO 0.1011110 W/": + rRPJA118O•RY AND RaNRN rO: RECORD VERIFIED DOCUMENTARY STAMPS • wvmo.rarML%D croR JEFFREY K.BARTON DEED s.7U ^a@IrJIAL Dav"WrN �. W. CLERK CIRCUIT COURF ` •'^ -I MI WVrit 9Annoae oRlVC rim PIAOR IN RIVER CO.. FLA ��� 1 NNW, PI MA ]]1313161 JM, K BARROK MR 0 0, CRANI OF tart TTY EASEMENT Ixoux nnEn COUNTY KNOW ALL MEN BY THESE PRESENTS that ATLANTIC GULF COMMUNITIES CORPORATION, a Delaware corporation, authorized to transact business in the State of Florida formerly known as GENERAL DEVELOPMENT CORPORATION, having its principal place _-I of business at 2601 S. Bayshore Drive, Miami, Florida 33133, hereinafter called "Grantor", in receipt m consideration of the sum of TEN DOLLARS ($10.00) and other valuable considerations, � ' of which is hereby acknowledged, does hereby grant to GENERAL DEVELOPMENT Cn UTILITIES, INC., having Its principal place of business at 2601 S. Bayshore Drive, Miami, Florida 33133, hereinafter called "Grantee", and to Its successors and assigns, a non-exclusive easement for ingress and egress and for the construction, maintenance and repair of utility facilities over, upon, across and through the'described lands of the Grantor, situated in the County of Indian River and State of Florida, and more particularly described in: EXHIBIT "A" ATTACHED m m The Grantor, however, reserves the right and privilege to use the above-described easement for ro all purposes except as herein granted or as might interfere with Grantee's use, occupation or enjoyment thereof, or as might cause a hazardous condition. 0 In the event that Grantee, its employees, agents or contractors, etc., cause damage to the property of the Grantor in the exercise of the privilege granted in this easement, Grantee agrees to restore any property so damaged to its original condition and grade. This is a non-exclusive easement, the Grantor reserving to itself and its successors or assigns the right to grant easements over the subject property for other purposes. _ IN WITNESS WHEREOF, the Grantor has executed this Grant of Utility Easement this day of February, 1993. Signed, sealed and delivered In the ATLANTIC G F CON 11 IES, presence of: CORPOR , a claw orporation WITNESSt�.I. �.� �J. PZaan Gro o : •... >'.. Print Name: i)Y.u.d. O. V NVI rela 1. 8 Y,. ;.4�; ' _ • , _ Vice President and Cor o [Corporate Seal] WITNESS: cf _(<.:•... ,:.ya' Print Name: C E�'— STATE OF FLORIDA) COUNTY DADE )ss. The foregoing instrument was acknowledged before me this Zday of February 1993, by Marcia H. Langley, Esq., Vice President and Corporate Counsel of Atlantic Gulf Communities, a Delaware corporation, on behalf of that corp ration. She is personally known to me. My Commission Expires: C ^, a� o Public, State of Florida at Large +e,"PY vOef£0-c-­­ -c-NOT s(u 14NNAN � NRfON COYYINION NUY""11 NotA WroComnt�m,�ftlwbjr SKETCH TO ACCOMPANY LEGAL DESCRIPTION NOT A BOUNDARY SURVEY S Izs 75 UQei�Gl1tr O I CVJI Ut-1E eE 1- � T�IfJT AJF f3Ff..�1/.-IL�IIJCi ALS#� �SIJG2E�F+/FL,Q.E�� L T2s L- 110- �T-. � �D P716JIJiIJG }' L (; CD pyo 9 WEST 1. Jr— I-C)141Y C:F CIg4-tM L�f-1C' EF -`l Eb.}T -1.x7niwcsT �cleJ� I..C�'T 13 c7c L.c1T �, r�sLx, c.pz5 LL7T Qj SURVEYOR'S NOTES: 1. O - Denotes change of direction only - no corners found or set. 1. The bearings shown hereon are based on the West right of way line of Lot 9, Block 62S bearing N24'40'01"W, per plat. . T T T T T 7. See Sheet I of 1 for Legal Description and Surveyor's Carll Ncatlon. ��i//////A\\\{{{iii't1LL��^l"'nngi�ineeering,Ine. ENGINEERS - SURVEYORS IN ODI LWT IP.O.IOI uluQ M01 3GCIL MRIDI 3"32-1321 607/70.1-7443 SHEET 2 OF 2 I. 2. J. — PREPARED AND CERTIFIED FOR.- 4. OR:4. DATE: -�S-ifc--J2 DRAWN RY.•C.f�.G. JOR NO— �-2�D SCAM��• MIMH 11 II I 1: 1 n \ '1' I. 1 N' fflflU� I G October 15, 1993 City Manager City of Sebastian, Florida City Hall 1225 Main Street Sebastian, Florida 32958 Re: City of Sebastian, Florida/General Development Utilities, Inc. Water and Sewer System Purchase and Sale Agreement Dear City Manager: Pursuant to Section 6 of the above-described, enclosed please find for your review copies First American Title Insurance Company Commitment for Title Insurance Nos. 381368 and 381370 along with copies of the exceptiogqss to title referred to therein. Also, enclosed please find an additional set for delivery to Marilyn Swichkow, Finance Director for the City of Sebastian, Florida. In addition, Pursuant to Section 3.4 of the above-described, enclosed please find the easement agreement referred to therein as the CITY Easements, for execution on behalf of the City of Sebastian, Florida. acel Heartsf3eld Legal Assistant cc: Joel K Goldman, Esq. Charles Ian Nash, Esq. w/enclosures GREENBERG. TRAURIG, HOFFMAN. LIPOFF. ROSEN & QUENTEL. P.A. 1221 RRICKELL AVENUE MIAMI, FLORIDA 33131 305-579-0500 FAX 305-579-0717 MIAMI FORT LAUDERDALE WEST PALM REACH JACKSONVILLE TALLAHASSEE FATIC-209 (6.69) Commitment No. FA -cc- 381368 ISSUED BY First American Title Insurance Company FIRST AMERICAN TITLE INSURANCE COMPANY, a corporation of California, herein called the Company, for a valuable consideration, hereby commits to issue its policy or policies of title insurance as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of this Commitment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate six (6) months after the Effective Date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the Company. This Commitment shall not be valid or binding until Schedule A has been countersigned by either a duly authorized agent or representative of the Company and Schedule B -I and B -II have been attached hereto. IN WITNESS WHEREOF, the Company has caused this Commitment to be signed and sealed, to become valid when countersigned by an authorized officer or agent of the Company, all in accord- ance with its By -Laws. This Commitment is effective as of the date shown in Schedule A as "Effective Date". First American Title Insurance Company BY PRESIDENT V ATTEST C. ;� SECRETARY A.L.T.A. COMMITMENT -1966 First American Title Insurance Company SCHEDULE A Customer Reference No.: Agent's File No.: 7931410-4 Commitment No. FAC 381368 JM Date Issued: October 6, 1993 Date Effective: September 21, 1993 @ 08:00 AM 2. Policy or Policies to be issued: Amount of Policy: To be (a) A.L.T.A. Owner's Policy Determined not to (4/6/90 with Florida Modifications) exceed $1,000,000.00 Proposed Insured: A NATURAL PERSON OR LEGAL ENTITY TO BE DESIGNATED (b) A.L.T.A. Loan Policy Amount of Policy: $ (4/6/90 with Florida Modifications) Proposed Insured: 3. The estate or interest in the land described or referred to in this Commitment and covered herein is an estate designated as follows: FEE SIMPLE 4. Title to the estate or interest in the land described or referred to in this Commitment and covered herein (and designated as indicated in No. 3 above) is, at the effective date hereof, vested in: GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation S. The land referred to in this Commitment is in the State of Florida, County of Indian River and described as follows: PARCEL I: All of Tract "D" as shown on the plat of SEBASTIAN HIGHLANDS LEGAL DESCRIPTION CONTINUED ON NEXT PAGE First American Title Insurance Company UNIT -17, as recorded in Plat Book 8, Page 46, Public Records of Indian River County, Florida. PARCEL II: A parcel of land located in the Northeast 1/4 of the Northeast 1/4; LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows: Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89°22136" West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00001124" West, along the West line of the said East 20 acres, a distance of 1325.55 feet, to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of said plat of Sebastian Highlands Unit 9, the following courses and distances: thence continue South 00001124" West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85020121" West; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 0901414811, departing said platted boundary; thence North 00001124" East, a distance of 54.11 feet; thence South 89019102" West, a distance of 71.5 feet more or less, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or less, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89015127" West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or less, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00001125" West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89022136" East along the said North line, a distance of 673.15 feet to the Point of Beginning. LEGAL DESCRIPTION CONTINUED ON NEXT PAGE First American Title Insurance Company PARCEL III: The East 200 feet of Tract "A", SEBASTIAN HIGHLANDS, UNIT 9, according to the plat thereof, recorded in Plat Book 6, Page 36 and 36A, Public Records of Indian River County, Florida. FIRST AMERICAN TITLE INSURANCE COMPANY By-- thorized Sig story First American Title Insurance Company SCHEDULE B-1 (Requirements) Agents File No.: 7931410-4 Commitment No: FAC 381368 JM The following are the requirements to be complied with: 1. Payment to, or for the account of, the grantors or mortgagors the full consideration for the estate or interest to be insured. 2. Payment of all taxes, assessments, levied and assessed against subject premises, which are due and payable. 3. Satisfactory evidence shall be produced that all improvements and / or repairs or alterations thereto are completed; that contractor, subcontractor, labor and materialmen are all paid in full. 4. Instruments in insurable form which must be properly executed, delivered and duly filed for record: a. Record proper Deed from GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation to A NATURAL PERSON OR LEGAL ENTITY TO BE DESIGNATED. b. Partial Release of Mortgage and Security Agreement from General Development Corporation, a Delaware corporation and Environmental Quality Laboratory, Incorporated, a Florida corporation, to Manufacturers Hanover Trust Company, a New York banking corporation, dated as of 3/31/92, recorded 3/30/93 in O.R. Book 928, Page 437, Indian River County Records. (As to Parcel III) c. Partial Termination of Financing statement given by General Development Corporation, a Delaware corporation, Cumberland Cove, Inc., a Tennessee corporation, Environmental Quality Laboratory, Incorporation, a Florida corporation, and Florida Home Finders, Inc., a Florida corporation to Manufacturers Hanover Trust Company, a New York banking corporation, as agent for the parties listed on Schedule 2 attached thereto, and made a part hereof, recorded 3/30/92 in O.R. Book 928, Page 730, Indian River County Records. (As to Parcel III) d. Partial Release of Subordinate Mortgage and Security Agreement from General Development Corporation, a Delaware corporation and Environmental Quality Laboratory, Incorporated, a Florida corporation to Manufacturers Hanover Trust Company, a New York banking corporation, dated as of 3/31/92, recorded 3/30/92 in O.R. Book 928, Page 1008, Indian River County Records. (As to Parcel III) First American Title Insurance Company SCHEDULE B-1 (Requirements Continued) e. Partial Termination of Financing Statement given by General Development Corporation, a Delaware corporation and additional debtors listed on Schedule 1 attached thereto and made a part hereof to manufactures Hanover Trust Company, a New York banking corporation, as agent for the parties listed on Schedule 2 attached thereof, and made a part hereto, recorded 3/30/92 in O.R. Book 928, Page 1301, Indian River County Records. (As to Parcel III) f. Termination of Financing Statement given by General Development Corporation, a Delaware corporation, and additional debtors listed on Schedule 1 attached thereto and made a part hereof to Manufacturers Hanover Trust Company, a New York banking corporation, as agent for the parties listed on Schedule 2 attached thereto and made a part hereof, recorded 7/21/92 in O.R. Book 941, Page 469, Indian River County Records. (As to Parcel III) g. Partial Termination of Financing Statement given by General Development Corporation, a Delware corporation, and additional debtors listed on Schedule 1 attached thereto and made a part hereof, to Manufacturers Hanover Trust Company, a New York banking corporation, as agent for the parties listed on Schedule 2 attached thereof, and made a part hereof, recorded 7/21/92 in O.R. Book 941, Page 475, Indian River County Records. (As to Parcel III) h. Partial Release of Mortgage and Security Agreement No. 1 in the amount of $50,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2281, Indian River County Records. (As to all Parcels) i. Partial Release of Mortgage and Security Agreement No. 2 in the amount of $50,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2330, Indian River County Records. (As to all Parcels) First American Title Insurance Company SCHEDULE B-1 (Requirements Continued) j. Partial Release of Subordinate Mortgage and Security Agreement No. 1 in the amount of $20,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2388, Indian River County Records. (As to all Parcels) k. Partial Release of Subordinate Mortgage and Security Agreement No. 2 in the amount of $20,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2438, Indian River County Records. (As to all Parcels) 1. Termination of Financing Statement given by General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as Agent for the parties listed on Schedule 1 attached thereto and made part hereof, recorded 9/17/92 in O.R. Book 946, Page 2497, Indian River County Records. (As to all Parcels) m. Termination of Financing Statement given by General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as Agent for the parties listed on Schedule 1 attached thereto and made a part hereof, recorded 9/17/902 in O.R. Book 946, Page 2530, Indian River County Records. (As to all Parcels) n. Record certified copy of Dismissal, or an Order Authorizing Sale of the subject property as entered in the Bankruptcy Proceedings filed in the Southern District of the State of Florida Bankruptcy Division on behalf of General Development Corporation, et al, Case Nos. 90 -12231 -BRC -AJC. (As to all Parcels) 5. Submit Certificate of Good Standing from the State of Florida for GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation. 6. Submit a proper Owner/Seller's Affidavit satisfactory to insure against unrecorded mechanic's liens. 7. Submit a proper survey certified to all parties involved in this transaction, including but not limited to, First American Title Insurance Company. First American Title Insurance Company SCHEDULE B -II (Exceptions) Agents File No.: 7931410-4 Commitment No: FAC 381368 JM Schedule B of this policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company. 1. Defects, liens, encumbrances, adverse claims, or other matters, if any, created, first appearing in the public records, or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Any owner's policy issued pursuant hereto will contain under Schedule B. the General Exceptions set forth at the inside cover hereof. Any loan policy will contain Schedule B General Exceptions 1,2,3 and 5 unless a satisfactory survey and inspection of the premises is made and will contain General Exceptions 4 and 6. 3. In the event this Commitment is issued with respect to a contruction loan to be disbursed in future periodic installments, then the policy shall contain an additional exception which shall read as follows: Pending disbursement of the full proceeds of the loan secured by the mortgage insured, this policy only insures the amount actually disbursed, but increases as proceeds are disbursed in good faith and without knowledge of any intervening lien or interest to or for the account of the mortgagor up to the amount of the policy. Such disbursement shall not extend the date of the policy or change any part thereof unless such change is specifically made by written endorsement duly issued on behalf of the Company. Upon request by the insured (and payment of the proper charges therefor) the company will search the public records subsequent to the date of the policy and furnish to the insured a continuation report showing such matters affecting title to the land as they have appeared in the public records subsequent to the date of the policy or the date of the last preceding continuation report, and if such continuation report shows intervening lien, or liens, or interest to or for the account of the mortgagor, then in such event this policy does not increase in liability unless such matters as actually shown on such continuation report is removed from the public records by the insured. EXCEPTIONS CONTINUED ON NEXT PAGE First American Title Insurance Company SCHEDULE B -II (Exceptions Continued) 4. The lien of the taxes for the year 1993 and all subsequent years, which are not yet due and payable. Parcel No.: 19-39-39-0001-0004-00001/0 - AS TO PARCEL I 1992 Taxes are PAID. Gross Amount $ 8,780.03 Parcel No.: 18-31-39-00000-100-00002/0 - AS TO PARCEL II 1992 Taxes are PAID. Gross Amount $ 3,646.57 Parcel No.: 18-31-39-00001-0001-00002/0 - AS TO PARCEL III 1992 Taxes are PAID. Gross Amount $ 447.43 NOTE: If subject property has been a rental unit or non -owner occupied property, it may be subject to Tangible Taxes, which are not covered by this policy, nor has an examination been made of said taxes. Upon request and payment of an appropriate search fee we will conduct an examination for tangible taxes. 5. Terms and Conditions shown in said Declaration of Restrictions, by General Development Corporation, a Delaware corporation, dated 6/29/71, recorded 7/22/71 in O.R. Book 389, Page 164, Indian River County Records. (As to Parcel I) 6. Terms and Conditions shown in said Declaration of Restrictions, by General Development Corporation, a Delaware corporation, recorded in O.R. Book 393, Page 522, Indian River County Records. (As to Parcel I) 7. Easement granted to American Telephone & Telegraph Company from Indian River Farms. Co., dated 3/8/26, recorded in Misc. Book 1, Page 199, Indian River County Records. (As to Parcel II) 8. Subject to reservations of oil, gas and minerals and/or rights-of-way to Trustees of the Internal Improvement Fund as set forth in instrument recorded in Deed Book 35, Page 337 Public Records of Indian River County, Florida. The right of entry in respect to any interest in phosphate, minerals, metals or petroleum has been released pursuant to Florida Statute 270.11. (As to Parcels II and III) 9. Easement granted to General development Utilities, Inc. from General Development Corporation, dated 4/27/76, recorded 6/24/76 in O.R. Book 522, Page 71, Indian River County Records. (As to Parcel III) EXCEPTIONS CONTINUED ON NEXT PAGE First American Title Insurance Company SCHEDULE B -II (Exceptions Continued) 10. Subject to Notice of Filing Bankruptcy Petition in the Southern District of the State of Florida Bankruptcy Division on behalf of General Development Corporation, et al, Case No. 90 -12231 -BRC -AJC, recorded 5/24/90 in O.R. Book 865, Page 1897, Indian River County Records. (As to all Parcels) 11. No title is insured to any personal property. STANDARD EXCEPTIONS FOR OWNER'S POLICY The owner's policy will be subject to the mortgage, if any, noted under item one of Item 4 of Schedule B-1 hereof and to the following general execptions: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey or inspection of the premises. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. Any adverse claim to any portion of said land which has been created by artificial means or has accreted to any such portion so created and riparian rights, if any. 6. Taxes or special assessments which are not shown as existing liens by the public records. CONDITIONS AND STIPULATIONS The term "mortgage," when used herein, shall include deed of trust, trust deed, or other security instrument. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commit- ment other than those shown in Schedule B -I and Schedule B-11 hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim, or other matter, the Company at its option may amend Schedule B -I and/or Schedule B -II of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies com- mitted for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B-11 or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions, the Exclusions from Cover- age and the Conditions and Stipulations of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the pro- visions of this Commitment. QST AMERI 1 �� First American Title Insurance Company COMMITMENT INSURANCE FATIC-200(6-89) Commitment No. FA -CC -381370 COMMITMENT FOR TITLE INSURANCE 54 AAIE$/ C 4 7 � 2 ISSUED BY First American Title Insurance Company FIRST AMERICAN TITLE INSURANCE COMPANY, a corporation of California, herein called the Company, for a valuable consideration, hereby commits to issue its policy or policies of title insurance as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of this Commitment or by subsequent endorsement. xThis Commitment is preliminary to the issuance of such policy or policies of title insurance I and all liability and obligations hereunder shall cease and terminate six (6) months after the Effective Date hereof or when the policy or policies committed for shall issue, whichever fust !" occurs, provided that the failure to issue such policy or policies is not the fault of the Company. This Commitment shall not be valid or binding until Schedule A has been countersigned by either a duly authorized agent or representative of the Company and Schedule B -I and B -II have been attached hereto. IN WITNESS WHEREOF, the Company has caused this Commitment to be signed and sealed, to become valid when countersigned by an authorized officer or agent of the Company, all in accord- ance with its By -Laws. This Commitment is effective as of the date shown in Schedule A as "Effective Date". First American Title Insurance Company y a riruq �' a BY / PRESIDENT 2 V A77EST SECRETARY A.L.T.A. COMMITMENT —1966 First American Title Insurance Company SCHEDULE A Customer Reference No.: Agent's File No.: 7931410-3 Commitment No. FAC 381370 JM Date Issued: October 12, 1993 Date Effective: September 14, 1993 @ 08:00 AM 2. Policy or Policies to be issued: Amount of Policy: To be (a) A.L.T.A. Owner's Policy Determined not to (4/6/90 with Florida Modifications) exceed $1,000,000.00 Proposed Insured: A NATURAL PERSON OR LEGAL ENTITY TO BE DESIGNATED (b) A.L.T.A. Loan Policy Amount of Policy: $ (4/6/90 with Florida Modifications) Proposed Insured: 3. The estate or interest in the land described or referred to in this Commitment and covered herein is an estate designated as follows: FEE SIMPLE 4. Title to the estate or interest in the land described or referred to in this Commitment and covered herein (and designated as indicated in No. 3 above) is, at the effective date hereof, vested in: ATLANTIC GULF COMMUNITIES CORPORATION, a Delaware corporation, f/k/a GENERAL DEVELOPMENT CORPORATION, a Delaware corporation (AS TO PARCEL I); and GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation (AS TO PARCEL II) 5. The land referred to in this Commitment is in the State of Florida, County of Indian River and described as follows: PARCEL I: That certain lot, piece or parcel of land designated as "PARR" LEGAL DESCRIPTION CONTINUED ON NEXT PAGE First American Title Insurance Company in Block 30 of VERO BEACH HIGHLANDS UNIT TWO, recorded in Plat Book 5, Page 77, Public Records of Indian River County, Florida; LESS AND EXCEPTING THEREFROM - PARCEL II(A) AND (B): PARCEL II(A): A portion of that area designated as "PARR" in Block 30 of VERO BEACH HIGHLANDS UNIT TWO, recorded in Plat Book 5, Page 77, Public Records of Indian River County, Florida, being more particularly described as follows: Begin at the most Northerly corner of said PARR; thence run South 29°42100" East along the Northeasterly boundary of said PARR, a distance of 82.5 feet to a point; thence run South 60018100" West 133 feet to a point; thence run North 29042100" West, 82.5 feet to a point on the Northwesterly boundary of said PARR; thence run North 60018100" East along the Northwesterly boundary of said PARR, a distance of 133 feet to the Point of Beginning. PARCEL II(B): Together with the sewage collection system, sewage disposal plant and lift stations to be constructed on the property described herein, including all appurtenances, such as manholes, pumping stations, etc., and the sewage treatment plant, including effluent line to a point of final disposal to be constructed by General Development Corporation, including easements over, under and along the streets, roads and avenues of said subdivisions. FIRST AMERICAN TITLE INSURANCE COMPANY By: -�04 ;tbthorized Signatory First American Title Insurance Company SCHEDULE B-1 (Requirements) Agents File No.: 7931410-3 Commitment No: FAC 381370 JM The following are the requirements to be complied with: 1. Payment to, or for the account of, the grantors or mortgagors the full consideration for the estate or interest to be insured. 2. Payment of all taxes, assessments, levied and assessed against subject premises, which are due and payable. 3. Satisfactory evidence shall be produced that all improvements and / or repairs or alterations thereto are completed; that contractor, subcontractor, labor and materialmen are all paid in full. 4. Instruments in insurable form which must be properly executed, delivered and duly filed for record: a. Record proper Deed from ATLANTIC GULF COMMUNITIES CORPORATION, a Delaware corporation, f/k/a General Development Corporation, a Delaware corporation to A NATURAL PERSON OR LEGAL ENTITY TO BE DESIGNATED. (As to Parcel I) b. Record proper Deed from GENERAL DEVELOPMENT UTILITIES, a Florida corporation, to A NATURAL PERSON OR LEGAL ENTITY TO BE DESIGNATED. (As to Parcel II) c. Partial Release of Mortgage and Security Agreement from General Development Corporation, a Delaware corporation, and Environmental Quality Laboratory, Incorporated, a Florida corporation, to Manufacturers hanover Trust Company, a New York banking corporation, dated as of 3/31/92, recordeed 3/30/92 in O.R. Book 928, Page 437, Indian River County Records. d. Partial Release of Financing Statement given by General Development Corporation, a Delaware corporation and additional debtors listed on Schedule 1 attached thereto and made a part hereof to Manufacturers Hanover Trust Company, a New York banking corporation, as agent for the parties listed on Schedule 2 attached thereto and made a part hereof, recorded 3/30/92 in O.R. Book 928, Page 730, as affected by: Amendment recorded 7/21/92 in O.R. Book 941, Page 469, Indian River County Records. First American Title Insurance Company SCHEDULE B-1 (Requirements Continued) e. Partial Release of Subordinate Mortgage and Security Agreement from General Development Corporation, a Delaware corporation, and Environmental Quality Laboratory, Incorporated, a Florida corporation, to Manufacturers Hanover. Trust Company, a New York banking corporation, dated as of 3/31/92, recorded 3/30/92 in O.R. Book 928, Page 1008, Indian River County Records. f. Partial Release of Financing Statement given by General Development Corporation, a Delaware corporation and additional debtors listed on Schedule 1 to Manufacturers Hanover Trust Company, a New York banking corporation, as agent for parties listed on Schedule 2, recorded 3/30/92 in O.R. Book 928, Page 1301, as affected by: Amendment recorded 7/21/92 in O.R. Book 941, Page 475 Indian River County Records. g. Partial Release of Mortgage and Security Agreement No. 1 in the aggregate amount of $So,o00,000. from General Development Utilities, Inc., a Florida corporation to Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2281, Indian River County Records. (As to the insured premises) h. Partial Release of Mortgage and Security Agreement No. 2 in the aggregate amount of $50,000,000.0o from General Development Utilities, Inc., a Florida corporation to Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2330, Indian River County Records. (As to the insured premises.) i. Partial Release of Subordinate Mortgage and Security Agreement No. 1 in the amount of $20,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking company, as successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2388, Indian River County Records. (As to the insured premises.) j. Partial Release of Subordinate Mortgage and security Agreement No. 2 in the amount of $20,000,000.00 from General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as successor by merger with Manufacturers Hanover Trust Company, dated as of 8/31/92, recorded 9/17/92 in O.R. Book 946, Page 2438, Indian River County Records. (As to insured premises.) First American Title Insurance Company SCHEDULE B-1 (Requirements Continued) k. Termination of Financing Statement given by General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as Agent for the parties listed on Schedule 1, recorded 9/17/92 in O.R. Book 946, Page 2497, Indian River County Records. (As to the insured premises.) 1. Termination of Financing Statement given by General Development Utilities, Inc., a Florida corporation to Chemical Bank, a New York banking corporation, as Agent for the parties listed on Schedule 1, recorded 9/17/92 in O.R. Book 946, Page 2530, Indian River County Records. (As to the insured premises.) m. Record certified copy of Dismissal, or an Order Authorizing Sale of the subject property as entered in the Bankruptcy Proceedings filed in the Southern District of the State of Florida Bankruptcy Division on behalf of GENERAL DEVELOPMENT CORPORATION, ET AL, Case No. 90 -12231 -BRC -AJC. S. Submit Certificate of Good Standing from the State of GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation. 6. Submit Certificate of Good Standing from the State of DELAWARE for ATLANTIC GULF COMMUNITIES CORPORATION, a Delaware corporation. 7. Submit a proper Owner/Seller's Affidavit satisfactory to insure against unrecorded mechanic's liens. 8. Submit a proper survey certified to all parties involved in this transaction, including but not limited to, First American Title Insurance Company. First American Title Insurance Company SCHEDULE B -II (Exceptions) Agents File No.: 7931410-3 Commitment No: FAC 381370 JM Schedule B of this policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company. 1. Defects, liens, encumbrances, adverse claims, or other matters, if any, created, first appearing in the public records, or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Any owner's policy issued pursuant hereto will contain under Schedule B. the General Exceptions set forth at the inside cover hereof. Any loan policy will contain Schedule B General Exceptions 1,2,3 and 5 unless a satisfactory survey and inspection of the premises is made and will contain General Exceptions 4 and 6. 3. In the event this Commitment is issued with respect to a contruction loan to be disbursed in future periodic installments, then the policy shall contain an additional exception which shall read as follows: Pending disbursement of the full proceeds of the loan secured by the mortgage insured, this policy only insures the amount actually disbursed, but increases as proceeds are disbursed in good faith and without knowledge of any intervening lien or interest to or for the account of the mortgagor up to the amount of the policy. Such disbursement shall not extend the date of the policy or change any part thereof unless such change is specifically made by written endorsement duly issued on behalf of the Company. Upon request by the insured (and payment of the proper charges therefor) the Company will search the public records subsequent to the date of the policy and furnish to the insured a continuation report showing such matters affecting title to the land as they have appeared in the public records subsequent to the date of the policy or the date of the last preceding continuation report, and if such continuation report shows intervening lien, or liens, or interest to or for the account of the mortgagor, then in such event this policy does not increase in liability unless such matters as actually shown on such continuation report is removed from the public records by the insured. EXCEPTIONS CONTINUED ON NEXT PAGE First American Title Insurance Company SCHEDULE B -II (Exceptions Continued) 4. The lien of the taxes for the year 1993 and all subsequent years, which are not yet due and payable. Parcel No.: 36-33-39-00002-00300-00000.1 Assessed Value $48,180.00 NOTE: This tax parcel is currently being assessed to Indian River County. NOTE: If subject property has been a rental unit or non -owner occupied property, it may be subject to Tangible Taxes, which are not covered by this policy, nor has an examination been made of said taxes. Upon request and payment of an appropriate search fee we will conduct an examination for tangible taxes. 5. The lien of taxes and assessments for any years prior to 1993 that may be assessed pursuant to Chapter 193 of the Florida Statutes. NOTE: See County Commissioners Minute Book 6, Page 26, and Book 22, Page 81, Indian River County Records. 6. Subject to easements and restrictions as recited on the Plat of INDIAN RIVER FARMS COMPANY recorded in Plat Book 2, Page(s) 25, St. Lucie County Records. 7. Subject to easements and restrictions as recited on the Plat of VERO BEACH HIGHLANDS UNIT TWO recorded in Plat Book 5, Page(s) 77, Indian River County Records. 8. Subject to reservations of oil, gas and minerals and/or rights-of-way to Trustees of the Internal Improvement Fund as set forth in DEED NO. 898 recorded in Deed Book 66, Page 189 Public Records of Indian River County, Florida. The right of entry in respect to any interest in phosphate, minerals, metals or petroleum has been released pursuant to Florida Statute 270.11. 9. Easement granted to General Development Utilities, Inc. from General Development Corporation, dated 2/19/62, recorded in Deed Book 143, Page 692, Indian River County Records. 10. Terms and Conditions shown in said Declaration of Restrictions, by General Development Corporation, a Delaware corporation, dated 6/5/59, recorded 6/11/59 in O.R. Book 71, Page 388, Indian River County Records. EXCEPTIONS CONTINUED ON NEXT PAGE First American Title Insurance Company SCHEDULE B -II (Exceptions Continued) 11. Terms and Conditions shown in said Declaration of Restrictions, by General Development Corporation, a Delaware corporation, dated 11/10/80, recorded 11/12/90 in O.R. Book 611, Page 1494, as affected by: Amendment to Declaration, dated 4/19/82, recorded 4/26/82 in O.R. Book 641, Page 2815; and Supplemental Declaration, dated 7/25/83, recorded 9/6/83 in O.R. Book 670, Page 1808; and Amendment to Declaration, dated 7/10/84, recorded 7/19/84 in O.R. Book 690, Page 215; and Amendment to Declaration, dated 1/23/85, recorded 1/28/85 in O.R. Book 701, Page 1714; and Supplemental Declaration, dated 6/14/85, recorded 7/12/85 in O.R. Book 713, Page 18; and Amendment to Amended Declaration, dated 11/29/88, recorded 11/30/88 in O.R. Book 816, Page 636; and Amendment to Amended Declaration, dated 11/29/88, recorded 11/30/88 in O.R. Book 816, Page 639; and Scrivener's Error Correction to Schedule A, dated 11/29/88, recorded in O.R. Book 816, Page 644; and Amendment to amended Declaration, dated 11/29/88, recorded 11/30/88 in O.R. Book 816, Page 648, Indian River County Records. 12. Certification of Original Articles of Incorporation of Vero Beach Highlands Property Owners' Association, Inc., dated 12/1/88, recorded 2/23/89 in O.R. Book 823, Page 1370; as affected by: Certificate of Amendment to the Articles of Incorporation, dated 12/1/88, recorded 3/10/89 in O.R. Book 824, Page 2656, Indian River County Records. 13. Certification of Original By -Laws, dated 12/1/88, recorded 2/23/89 in O.R. Book 823, Page 1385; as affected by: Certificate of Amendment to the By -Laws, dated 12/1/88, recorded 3/10/89 in O.R. Book 824, Page 2650, Indian River County Records. 14. Notice of Filing Bankruptcy Petition, Case No. 90 -12231 -BRC -AJC, in RE General Development Corporation, et al, recorded 5/24/90 in O.R. Book 865, Page 1897, Indian River County Records. 15. No title is insured to any personal property. 16. The Policy, when issued, will not insure any interest in Parcel II (2)• EXCEPTIONS CONTINUED ON NEXT PAGE First American Title Insurance Company SCHEDULE B -II (Exceptions Continued) 17. Rights of other than the insured in and to the herein described property by reason of the dedication of the same for Park purposes or the plat of "VERO BEACH HIGHLANDS NO. TWO", recorded in Plat Book 5, Page 77, Indian River County Records. STANDARD EXCEPTIONS FOR OWNER'S POLICY The owner's policy will be subject to the mortgage, if any, noted under item one of Item 4 of Schedule B -I hereof and to the following general execptions: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey or inspection of the premises. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Any adverse claim to any portion of said land which has been created by artificial means or has accreted to any such portion so created and riparian rights, if any. 6. Taxes or special assessments which are not shown as existing liens by the public records. CONDITIONS AND STIPULATIONS The term "mortgage," when used herein, shall include deed of trust, trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commit- ment other than those shown in Schedule B -I and Schedule B -II hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim, or other matter, the Company at its option may amend Schedule B -I and/or Schedule B -II of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies com- mitted for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B -II or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions, the Exclusions from Cover- age and the Conditions and Stipulations of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the pro- visions of this Commitment. 0AMERI Al � C-1 First American Title Insurance Company COMMITMENT FUR TITLE INSURANCE 1 _ \ ^r;'Ir!AI- RECORDre -:,.if)Ub -7 .i.Yli .`..F •.�l.i YAFRABTY DEM General Developmeat Corporation, a h :aware carporacioP authorized to transact business in Florida, the ,.cantor, i.. _on - .._,.oration of the sum of SIO and other valuabl, C. _. .xn.. received from General Development Utilities, inc., a riz-2a zor -rr L.c, the Grantee. >-'ho.e post office address is '823 .outhwcrt ]2e.<l , mi.', Flor Lda, hereby or. this 1st day of cantee the rea: nr.•?crt in the fei::'_icg c.w:nt;•_s )f S': oris described as. 1N 3RO.FARA COUNTY. FLORMA Parcel 1. The Northwest ;war: rr of the iootheas: vartc: of the Southeast Quarter (i. s. that part platted as 7'—It Foote 34, Page 38); and 'Che I;onheast Quarter of the iouthvest Iuarzer o•. the Southeast -;carter lying Fast of Cho Flori.la cast :o..t ;alluay; AL:. in Section 12, Township. -3 Sauth. .:arse .:as:. froward County, Florida. Parcel 2. A well site approxiaately 75 feet by i) f. lotat ed in the northwest corner of Trace rocapa-c Beach Highlands, 1st Section, as recorded in Plat 'oo: at Page 38, of the Public Records of 3roward County, Flortda. IN INDIAN RIVER COUNTY, FLORIDA: Parcel 1. A 35 foot by 35 foot parcel in the Northeast bs"• •� corner of lot 1, Block 6, Vero Shores '_'nit One (Plat Book 5. Page 52) - approximately 1,225 sq. ft. Parcel 2. A portion of that area designated as PARK in Block 30 of ^ERO BEACR HICF4AlWS UNIT TWO as recorded I in Plat Book 5. at Page 78 of the Public Records of > Indian River County, Florida, being more Particularly described as follows: Begin at the most northerly corner of said PARE; thence run S 29042'00" E along the northeasterly boundary of said '1•y PARE a distance of 82.5 feet to a point; thence run S 60618'00" N 133 feet to a point; thence rua N 29042'00. 4, 82.5 feet to a Point on the northwesterly boundary of said PARE; thence rum N 60018'00•' E along the 0orthwesterly > bousadary of said PARK, a distance of 133 feet to the Point of Beginning, containing 0.25 acres mre or less. IN CHARLOTTE COMM. FI.MnA-. Tract "A", Port Charlotte Subdivision Country Club Section. Part One, u recorded in Plat Book 6. Pages 35A through 35E, of the Public Records of Charlotte County, Florida. II BREV1tD COONTS. FLORID►: ' Lot' 12. Block 6, Port Malabar. TO&, trial Park, accord ing to the Plat thereof u recorded in Plat Book 13, Page 107, ., Vf the';Pahlfo Flie AW" of Breeard County, Florida. e reE �euo toptae.Z C°oep. A _ lJ *' ST. LuM COWTT, FLA. W ST, WCIZ COUNTS. FLORIDA: ♦.parcel of land lying in the lbrthoast Quarter omk) of Section 20, Township 36 South, Range 40 East, St. Lucia County, Florida, being wore particularly described as follows: - Begfunfog at the Southeast Comas of Section 20, Township 36 South, Range 40 Last, run N 00°17'51" V 4482.13 feet along the East line of said Section 20, Township 36 South, Range 40 wt; thence S 89042'09" V 25.00 feet to a pbiat; tbence S 89031'57" V 140.00 fact to a point, said point being the true point of beginning and the Southeast corner Of Tract A" as shown on the - ecorded plat of port St. Lucia, Section Sight; thence continue S 89031'57" V 594.17 feet to a point, said point being the Southwest corner of said Tract "A"; thence N 00028'03" V 771.18 feet to a point, said point being the Northwest corner of said Tract A"; thence N 89031'57" E 5%.46 feet to a point; said point beim the Northeast corner of said Tract "A"; them* 5 00817'51" E along the East line of said Tract A" 771.18 feet to the true point of beginning; all of the above des- cribed lands situated in St. Lucie Canty, plot ids. Thia conveyance is wade subject to taws for the year 1960 and subsequent years; zoning ordinances; and restrictions; limitations, conditions easements and reservation of record. and covenants that the property is free of all encumbrances, that lawful seisin of and good right to convey that property are vested in the Crantor, and that the Grantor hereby fully warrants the title to said Land and will defend the same against thelawful claisu of all person whooaoever. V1_nerses: GMUMAL DSt60"mID& C12OSATIM +4 By•, .• 9. President Attest: L A r� / Secretary 01717'rIAL REd6i7r - 2 - VON 25 661 4 37520 TRUSTEE'S DEED IOVOW ALL MEN ET THESE PRESENTS, that TIM FIRST NATIONAL BANK OF MIAMI. A NATIONAL BANKING CORPORATION. as Trustee, in consideration of ONE DOLLAR ($1,00) AND OTHER GOOD A,YD VALUABLE CONSIDERATIONS, the receipt whereof is hereby acknowledged, does hereby releaee, convey and quitclaim un - 2828 Coral Way, Mlaml, Florida 331}4, to GENERAL DEVELOPMENT UTILITIES. INC. ./ a Florida corporation, Its successors and assigns, all of the right, title, interest, claim or demand whatsoever it may have acquired, througho or by a certain Trust Deed tiered December 9th, 1958, recorded in Official Record. Book 67 at Page 110. of the Public Records of Indian River Cmnty. Florida, to the premises therein described, situated in Indian River County, State of Florida, as follows, To -wit: (A) Tract •'F" of VERO BEACH HIGHLANDS. UNIT ONE, according to the Plat thereof, recorded in Plat Book 5 at page 29 of the Public Records of In. dian River County. Florida, ' (B) The well or wells. plant, chemical treatment facilities, storage and distribution facilities, well fields and water plant situated on the above-describ- ed property. including the water mains and lateral lines constructed or to be constructed, including aD ea.ements over. under and along the streets, roads and avenues of the subdivisions of VERO SHORES, UNIT ONE. according to the Plat thereof recorded in Plat Book 5 at Page 52 of the Public Records of Indian River County, State of Florida, and VERO BE ACH HIGHLANDS. UNIT ONE, according to the Plat thereof recorded in Plat Book 5 at Page 29 of the Public Records of Indian River County. State of a 2• r F:orida, incidental to the ownership and operation 'ef said water.-(q) ater:(C) That portion of the South 1000 feet of the SW 1/4 _ t of Section 31. Township 33 South. Range 40 East, ' _ lying West of Caul "J", less the West 800 feet there. + of and less the South 75 feet thereof; containing 22.8 acres, more or less: lying tad being in Indian Riser County, Florida. That portion of the "PABX" in Bleck 30, "VERO BEACH HIGHLANDS. UNIT TWO, according to the Plat thereof, recorded in Rat Hook 5 at Page 77 of the Public Records_ of Indian River County, Florida. described as follows: 7FFiC(AL RECORC „ 8= w . a ti.iA�• w . ,o. 204 -wI 0 —�1C'AL RMOCE COAfME.NCE at the Northwest corner of Lot 13 of said Block 30; thence go South 60 degrees, IS minutes West, along the North line of said "PARK", for a distance of•114.25 feet. to a point; thence go South 29 degrees. 42 minutes East. parallel with the East it,, of said "PARK", for a distance of 10 feet, to the POINT OF BEGINNING: there con:iru< South 29 de- grees. 42 minutes East. for a distance of 14 feet, to a point; thence go South 60 degree, 18 minutes West, for a distance of 17,50 feet. to a point: thence go North 29 degrees, 42 minutes West, for a distance of 14 feet, to a point: thence go North 60 degrees, 18 minutes East, for a distance of 17.50 feet, to the POUT OF BEGINNING; containing 245 square feet. The North 50 feet of Lnt I of Block 6. of VERO. SHORES, UNIT ONE, as per plat thereof, recorded in Prat Book 5 at Page 52 of the Public Records of India,. River County. Florida. (D) The sewage collection system, sewage disposal plant and lift stations to be constructed on the property described in subparagraph (C) hereof, including all appurtenances, such as manholes, pumping stations etc., and the sewage treatment plant, including effluent line to a point of final disposal to be constructed by the Granter to the aforementioned Trust Deed. including ease- ments over. under and +tong the streets, roads and avenue. of said subdivisions. TO HAVE AND TO HOLD the same, together with all and singular the privileges and appurteraneee thereunto belonging forever. and furtxr that the said Trust Deed is by these presents to be con. sidered as fully and absolutely released, cancelled and forever dis- charged. _ IN WITNESS WHEREOF. The First National Bank of Miami, as Trustee a rational banking corporation/has caused these presents to be'ezetut. ed by its duly authorized ofEcars and its corpora" seat to be afCized. • this ^ y day o! .'•November .1964. In the City of Mlaml, • -.Dade'County, Florida.. .`�•:+'�� ,ic".•tut.... THE FIRS ! DNAL BANK OF MIAMI. as y ,y Trustee jSaalioi"1i} 'I g (SEAL) Vice resident . 1'-V C e lio a•. a• • . .. � e11wlirttr're r . t STATE OF FLORIDA SS! COUNTY OF DADE 1, the anderqjg�zd oMcet, duly authoriv_: -.0 take, and of deed, in said State and C -anty, here-. and by certify that before me 7 Vict.P Wiif� The 1%1-1 Lt,nal-saak of Mumis a national banking ...—istion, as Trustee; ttAt said per- sona era...a so appearing before meare the Lndjviduals sod'the officers of the aforementioned corporation descriucl in and who executed the foregoing instrument. and that then in -a there said lodividuffils&I aLixed there- tosaid officers acknowledged before me that the 00 to is the corporate cost of said corporation, that their names are by them reepectisely subscribed thereto, and that the same 19 tha free act and deed of said cGrP0r&t'oM WITNESS my signature and Official -eelat M'aml, in the County of Dad. and State of Florida. this 'day o 1964. NOTARY PUBLIC STATE. 01 IDN AT C.E is t7 Expires: My a 'ter Y 1MCIAL R--rr-,c* 204 171 I t z 731210 92f;r30 37 r 13;Lo i Thi, %t npze by and after reco,dinx rctn=m: 7.0 Paula McDowM A.hede,, EMVim Calm . F, W,. Wad. Emmanuel, Smitb 3 Culkr. P.A. Ooa H.r Peace ,, Tampa, florida 31602 - RECORD YE111FIED JEFFREY K. BARTON CLERK CIRCUIT COURT INDIAN FIVER CO. FLA THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANUATION CONF7ILVZED PLRSUANT TO THE ORDER ISSUED BY THE UNITED STATES BAN70tUPLCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN CASE NOS. 90.1=1-BKC-AJC, 90.12232 -BRC -AJC, 90.12233-BKC-A1C, 90-122314-BKC-AJC, 90.122.35-BKC-AJC, 90-12336-BKC-A1C, 90.12237-BKC-AJC and 90.12239-BKC-A1C, AND IS 77iF1 _EFORE EX VVMr FROM DOCUME: ST —M7 AND INTANGIBLE PERSONAL PROPERTY TAR LIABILITY PURSUA.\T TO SEC77ON 1146(C) OF THE UNTIED STATES BAN'yRUPTCY CODE. K :tA a : l_ THIS MORTGAGE AND SECURITY AGREEMENT (14c"11232 '), dated as of March 31, 1992, from GENERAL DEVELOPMENT CORPORATION, a Delaware corporation (the "Com lly') and ENVMONV1ENTAL QUALITY LABORATORY, INCORPORATED, a Florida corporation ('170 L2 '), each having an office at 2601 South Bayshore Drive, Miami, Florida 33133. (the Company and EQ Lab being referred to collectively as the 'Mnnvaeors' and individually each a 'Morlga^,4I ). to N A.NITACTURERS HANOVER TRUST COMPANY, a New York banking corporation, having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) (' V` ortzaSCC')• WITNESSETH: WHEREAS, the Company is the owncr in fee simple of the parcels of real property particularly described in Exhibit A -I attached hereto and made a part hereof (the 'Co m2any Land") and all buildings and improvements presently located thereon; WHEREAS, EQ Iab is the owner in fee simple of the parcels of real property particularly described in Exhibit A-2 attached hereto and made a part hereof (the 'FO Lab jmd') and all buildings and improvements presently located thereon; WHEREAS, pvrntant to that certain Working Capital and Term Loan Agreement dated 0 o of even date herewith (together with any and all modifications, amendments, replacements, %.0 renewals and extensions thereof, the 'AgI=mcnY) executed by and among the Company, tv Mortgagee and certain Banks, as defined in the Agreement (the 'Banks') the Banks have agreed to make certain term loans to the Company in the aggregate principal amount of 550,000.000 c� 0 r Co 0VN 06.1 12 0711]!COM" LEW LIST MIM 8]VE1 COM WITi$ION ANNE LOT TOOT a[ ItMiE t r na'°^^`^^"ert�'«r�rerte�n�"�m"'nm*"�'rtrm�.�rrmm��m��rtr�i�� T A 05.100 R25,i11I SWUM XIMAIOS MIT / t OS,1/ MS.i117 SEUSTIM NIMEMDS UNIT 1 0 OS,11 MS.F1U SEUSTIAN NIMEMDS MIT 1 A 05,2+ M1,F11/ FIRST RMAT 11 VM COCA NTMAPOS 0111 UE / 21,21 M6,F11/ VENO BEACH RIMAADS 0171 0E 06 05,21 /R1.F11A VENO KACX XIMAMS UNIT ONE N 06 05,29 . A • TM BIT" NIMEMDS 0711 On 05 06 05.21 I1 M6.FII/ VENO BEACH NIMANDS UNIT ME 06 �; 07 05,21 NK,FIII TE" BE" XIMAMS OMIT ONE 01 ' 07 05,21 M6,Fll1 VM IEACR NIMAMS UNIT OK 02 07 05,29 /.Ftu VENO OWN NTMAMS UNIT ONE 01 07 05,21 MN,FIl1 VENO tEACN NIM AMS UNIT UE 01 07 Os,21 MI,f11/ TE" OEACN XIMODS MIT ONE OS TEM OEKIA NIMANDS MIT IN ]0 101 05.10 05,17 N2S,F111 MS,F117 $EWIIM NIMUINDS UNIT 6 OS 110 05,17 MS,FI1) SEUSIIM M16KMp5 UNIT 6 M tt1 05,17 MS,Fll7 SEDASTIM N19KMOS WIT 6 01 A 06,01 MS,FII7 SESASIIM NIM ANDS WIT 7 01.17 NSS,F117 SEBASTIAN NIDURDS WIT 0 B 8 06,13 MS,FI17 SEMSTIM AIMlM OMIT I C 06,1 MS.FII] SEBASTIAN XI6KWS WIT 0 07 107 06,1 ❑ N25.1113SEBASTIAN NIMEANOS WIT 1 A 06.76 MS,f 117 SEBASTIAN NIMEARDS UNIT 1 0 All 06,76 MS,F1I3 SEIAS71AA MIMEARDS MIT 6 112 06,]6 125,F117 SEBASTIAN NIMAMS UNIT 1 Ov 9RAWAIN PiGWANDS "1; 11 -4trF--F725NFH7 }t+ -0536-N35;+.-SS7 1 06.56 M5,Fli) SEBASTIAN NISKAMS UNIT 10 C 07,56 N25,F117 SEBASTIAN XIMCAJ*S WIT I] 0 07,56 M5,F117 SEUSTIM XIMEWS MIT 11 [ 07,56 MS.Fi17 SEBASTIAN XIMARCS MIT Il A 762 07,51 /VS7,FIAl SEBASTIAN N16XLANDS MIT 11 1 212 07,56 NS7,F111 SEBASIIM N16KAX0$ MIT Il 361 01,M /725,111] SEBASTIAN NIMWS MIT 11 11 A 07,57 N57,/111 SBASTIIN NIMAMS MIT 12 0 07,57 NS],FUI SEBASTIAN NIMEARM MIT 12 RO 07.57 /V25,FI17 SEBASTIAN MIMEAXD6 MIT 12 S7 IM 07,57 N2S.F113 SEUSTIAN XICNLANOS MIT I2 $1 110 07,57 M5,F713 SEBASTIAN NIMEMMS MIT 12 61 SEUSTIM NIMANDS MIT 17 Cit, 07,82 MS,FI13 SEBASTIAN NIMEMDS MIT 17 13 33] 777 07,62 07,62 MS,FIl3 MS,F11] "STIM "IMAMS MIT 13 33 A 01178 M6,FIl1 VENO tENO NIMAMS MIT FOR C 00.38 N26,F111 VE" BEACH $IMEAMDS MIT FOM 0 01.76 N26,FI1/ VENO KACX NIM AMS MIT FOR E 00.78 M61FII4 VENO 1EACN R16K RDS UNIT FOR F 01,)1 M6,F111 VE" BEACN XIMEARDS MIT FOM B 08,78 M6,F111 VENO IEACX KIMAMS MIT FOUR N 08,18 MAI/f1& VENO 1EACX M1MEM05 MIT FM A 0 M6,F11/ 9 TERO 1EACX KIM& OS MIT THEE H.0 O C 007 MSF117 SEU511AN XIMMDS UNIT 1/ I ,1, 01,11 N2S,F113 N RUSTIAR NIM JAMS MIT IS 01,11 NIS fill co SEBASTIAN MIM AOS RIl 1S S I10 c� 0 i 0 Of 5 08,15 NIS Fill r0 NIS Fill SEUS710A NIMMDS UNIT 16 SSI OI,IS N25.Ft17 $EUSTIM KIMAWS MIT 16 11 S63 01.05 /R25,Fll) SCUSIIM NIMEMOS WI 16 41,41 AN Sf+YS%W�iMSWi•MiB-1 rW N� N 04 64U r.A1 ~ an 0 .f OU734V .lilt LIST MIM mu COi6111MMSIM WE . BOT 1X1[1 OLE IB/1'AIi I I 0 9 O tD N m O CTT t 1), 1 L a,u ms,rw ;EWI1M NIMANDS UNIT 17 a,u ms.nn .TBASTIM NIMM DS UNIT 17 1 �cAt u..t ,1i fi a,µ mS,fI1J ;EUS1IAN N10tum UNIT 1) sOmlim NI .'(*.4}15 %Wl 7 WwTim NI SS7 08,46 IMIT113 SEBASTIAN 916KM ONIT 17 a 565 01,16 ms,rll3 SEBASTIAN NIMAIDS UNIT 17 03 566 08,16 ms,f11) SEBASTIAN NIMANDS UNIT 17 08 SU 00,16 7Y2S,FtU sE ilm N2MM4s UNIT 17 U 564 00,16 mS,FII) SEBASTIAN KlVtWS UNIT 17 15 514 00,1{ m5,F113 SEBASTIAN NiptANK UNIT 17 17 566 08,46 m5,1117 SEMSIIM NIMMOOs UNIT 17 11 561 08,16 m5,F113 SEBASTIAN wivtm UNIT 17 12 SM 00,16 mS.F11J SEUSTIM NIOLMDS MIT 17 11 561 00,1{ m5,i113 SEBASTIAN NIVI.W MIT 17 03 $61 06,16 SEBASTIAN NiMANOS UNIT 17 08 $1 00,16 MS,Fll) m5,F113 SEUSTIM N1iKAN7S MIT 17 10 08,1{ SEBASTIAN NIOLMM UNIT 17 11 %1 56 1 08.16 MS,Flll S,Flll SEBASTIAN 11MAL" MIT 17 12 00,16 M5,F113 SEBASTIAN NIMANDS MIT 17 it 61 5O S a,/6 /YIS,FII) SEBASTIAN 8190"s MIT 17 i5 $70 01,46 /YIS,Ft❑ SEBASTIAN NIMAN05 UNIT 17 01 570 08,16 mS,r117 SEBASTIAN NIMANOS MIT 17 21 511 00,16 mS,F117 SEBASTIAN IPt ANDS UNIT 17 f 10 572 00,1{ Fll7 SEBASTIAN NISKUDS MIT 17 01 572 08,16 ms,Fll3 IM SEBASTIAN Inot K MIT 17 00 08.16 M2S,F117 SEUSTIAII NIMANOS MIT 17 11 $71 577 08.16 SEBASTIAN NIMANDS UNIT 17 07 Mrf2S,F113 m5,F113 SEBASTIAN KlUtOM MIT 17 07 $71 571 06.46 00,16 7tt5,r113 SEBASTIAN N1btOM UNIT 17 12 STS 01,16 mS.Fll3 SEBASTIAN Nimm MIT 17 02 57S 08.16 M.S,il1) MAN SEBASTIAN NIDS 0917 17 l0 S)5 00,16 r125,F117 SEBASTIAN NIiKA105 UNIT 17 11 57S 00,16 mS,f 117 SEPSTIAN 816MOM UNIT 17 13 $15 O8,46 MS UNIT SEBASTIAN NIMMDs UNIT 17 11 575 00.16 7YIsrif117 SEBASTIAN NIMMM MIT 17 15 $76 08,16 frS,FIO SEBASTIAN NIMM UNIT 17 01 576 00,16 ff25,FI13 SEBASTIAN NI4tMD5 MIT 17 05 576 04,16 fY25,FI17 SEBASTIAN N1iKMD3 UNIT 17 07 $76 00.46 m5,F113 SEBASTIAN NIMANOS UNIT 17 00 $76 00,46 m5,r11] SEBASTIAN NIMMCS MTI 17 SO $76 00116 m5,11O SEBASTIAN NIVLMM MIT 17, 13 $76 04,16 mS,illl SEBASTIAN NIANLMOS MIT 17 SS $76 08,16 mS,F113 SEBASTIAN NIMMOs MIT 17 16 S76 00,16 mS,TIU SEBASTIAN NIOLM MIT 17 17 516 00,16 MS,Fl17 SEBASTIAN NIMANDS MIT 17 21 516 00.46 mS,itl3 SEBASTIAN NIMAACS MIT 17 II S10 00,16 m5,f11) SEBASTIAN NIMMOS UNIT 17 10 510 00,16 m5,FI13 SEBASTIAN IIISKMCS MIT 17 11 511 00,16 /Y25,r11] SEBASTIAN NIMMM TAUT 17 07 SII 06,16 m5,F117 SEBASTIAN N2MAND5 9917 17 07 $11 08.16 /Y25.F117 SEBASTIAN NIMUM MIT 17 11 $11 00,16 mS,it17 SEBASTIAN NISR-M MIT 17 02 512 Of 46 mS,Flll SEBASTIAN NIMANOS Uri' 17 12 513 SEUSTiAN N1MMM MIT 17 00 513 a,/6 DO Mrf2S,fl13 fill SEBASTIAN NIMMOS MIT 17 11 S13 00,16 /Y15,Fill fm SEBASTIAN NIKW UNIT 17 16 SM a,16 MS,Flll SEBASTIAN NIMA70S 9917 17 01 SM a,l{ mS,Fil] MUSTIM NIPtM UNIT 17 a 600 00,1{ /N'.S,FIl7 SEBASTIAN NIMMOS MIT 17 01 608 08.14 mS,Ftt7 SEAM NIFAlANDS oil 17 11 6 01,14 l RUSTIM NIOLOM OTT 17 11 1 601 08,14 rm.Tl ms./11lJ RBASTIM NIMMgS WIT 17 01 WI 08,14 m5.111) ;(USTI& NIMMCS UNIT 17 02 101 a!{ mS,F113 ;Eusllm NIMA DS UNIT 17 00 601 00,16 "'Fin iEUSTIM NIKOM MIT 17 10 601 08,46 /Y15,Ft17 AUSTIAN NIMMOS OW 17 14 0 9 O tD N m O CTT t 1), a+ 0476 e7mm A LIST MIAP LI1R CMlil LOT TIACT ILS M/W 1 i t01n51UN UK .......... ,..,,...n.,..,..,.,.,.n..,, • /1Is.,.`m, .............................+,.,,,n..,,..,.,,.,,.,,,,.,,,,,.,,,n TS 401 04,44 3ASTIM KPLM01 WIT 17 w] ORA MS,F11) MSTIM NIOtMOS WIT 17 I6 01 04.61 /RS.Flll USTiM MAWS WIT 17 17 641 04,44 MS,FII) MSTIM NIVILMOS WIT 17 Is 02 H,16 M5,i117 3ASTIM laUtMOS WIT 17 05 404 08,66 /m F11) 3MTIM M1GtAIRS WIT 17 08 wl 04,44 ms.ril) :MSIIAII KlUtAI05 UNIT 17 10 601 04,4{ /rS,F11) STIM NIGtAWS WIT 17 EMS 12 _ Aa 00,44 MS.FIt) S ilm NIMMM WIT 17 17 w4 0$,66 /12S,f11) SLMSTIM NIGIMM WIT 17 14 60S04,44 nz,ra) SCMSTIMI Nl67tMM WIT 17 02 ADS 04,46 /Y25,F117 SWIM 11191. 05 UNIT 17 OJ 105 00,16 MS,FII) "SITAR NI6KMM WIT 17 a w5 04,11 IRs,F117 SEMSTIM NIGtMOS WIT 17 07 w5 04,11 MS,FII) Muslim NIGIMOS WIT 17 10 w5 00,16 MS,1113 "$TIM NIGLMIDS WIT 17 11 w5 04,16 MS,ill) VUSTIM NI6NLMOS oil 17 13 w5 a,/6 MS,F11) "STIM NIGLMDS WIT 17 17 604 08,16 !725,4117 SEIASTIM NIGKANDS UNIT 17 Ol 604 06,46 MS,l11) SEBASTIAN NI6KM05 WIT 17 02 604 04,16 K25,F11) SUASTIM NIMANDS UNIT 17 O] 604 04,16 MS �I17 STIM NIGlM05 WIT 17 EMS 05 606 04,16 /125.411) SEMSTIM NI6KMM WIT 17 OL 601 04,11 MS,i117 smilm NI6KMM Wil 17 OS w7 04,11 MS,f11) SEIAS71M KIVI.AOS WIT 17 If 604 04,11 MS,FI I] SEIASTIM MI6KMM tall 17 04 601 04,16 MS,F117 SLBASIIAM M16KMM WIT 17 06 601 08,46 /Y2S,F117 SEBASTIM MlOtMOS WIT 17 Ol 601 06,16 MS,F11J SEBASIIM NIGtMDS WIT 17 03 601 04,16 MS,f11) SEBASTIAN NIGIMM WIT 17 07 w1 08,16 /125,1117 SEBASTIAN N16KAMDS UNIT 17 04 601 04,16 SEBASTIAN N1GtMg5 WIT 17 06 601 04,/1 fm,FII) MS,/11) SEMSTIM NIGLMOS WIT 17 01 4" 08,46 MS,F117 SEUSTIM N166tMM MIT l7 12 601 04,16 MS.F117 SEBASTIAN N16KAN7S MIT 17 16 610 0111; /12S,F117 SEBASTIM NIG AR% MIT 17 07 410 04116 M5,I11] SUASTIAM MI6KANM MIT 17 05 AID 01,46 MS,F117 SEMSTIM MFG MOS MIT 17 06 UO 04,46 MS,F11] SEBASIIM NIMMS WIT 17 a 610 01.16 M5,FI13 SEBASTIM NIGtMM MIT 17 10 610 00,16 MS,FII7 SEIASTIM NIGKKS MIT 17 11 610 00,16 RIS,FIU SEIASTIM NI6KAg5 WIT 17 14 610 00,46 MS,FIIJ SEBASTIAN NI6KANO5 MIT 17 15 611 00.16 MS,FII] SEIASTIM NIGLMOS MIT 17 a fill 00.46 M5,FI17 SEBASTIAN NIMANDS OII 17 a 611 04,16 M5,l117 "VIM NIGKMOS MIT 17 11 411 04,16 MS,i11) SEMSTIM NI6KMM WIT 17 12 611 00,46 MS,lIU SEBASTIAN MIGLAMS MIT 17 13 611 04,11 MS,l117 SEMSTIM NIGIMOS WIT 17 .. 7;.+g 14 Ill a,/{ MS,f117 "STIM MIGIMM WT 17 2l 411 04,11 MS,FII) SEBASTIAN NIGIMOS WIT 17 I) 411 04,16 MS,FII) sEsAS11M NIG AXS UNIT 17 n All MS,Fl17 SEUSTIM NIGUMDS WIT 17 I7 411 Do At 06 /Y25,F11) SMSTiM1 NIGLMDS WIT 17 26 611 . 04.446 6 MS.FIi7 SEBASTIM MIGIMOS OFT 17 31 611 04,46 /125,!117 SEMSTIM RIOLUDS UNIT 17 n 615 04,16 MS,fl17 IAJ SEU$TIM NIGO$ UNIT 17 05 617 6 25,FIU SEIASIIM MAMAS UNIT 17 OJ 617 Do 4 01,46 MS,F11] SEBASTI AN NIM ANDS MIT 17 De 617 00,16 M5.FI17 y SEIASTIM MIGLMOS UNIT 17 a 617 MS,F111p SEMSIIM NIGUMDS UNIT 17 17 617 CI,16 00 A MS,FII]tD SEMSTIM NiGUMDS UNIT V 11 617 04,11 MS,l7N SEIASTIM NIGIMM UNIT 17 22 120 04.4 MS.Fll7 CD SUASTIM NIGLAIOS OIT 17 25 A 01.50 M6,F114 VENO NAMNIGIMM UNIT FIVE 1 04.54 p RIO 1EA(FI N2GLA10S FIT 411E C 04.70 IM14 M6.FIFll/ cii MEIC K" IQ61tODS FIT I1VE A 04,70 MSjll) r OF SETIM Nl6KMOS UNIT 13 It OF A FUN11UN BAS N EXHIDrT -A- VOLUME 14 - FTC# 15 - SH -1 - FL-rt1ING GRANT VAR"OUSE STRVC21URE Lots $ through 13. 15 and 16 (less the Southwest 100 fret for road Right -of -Way. an less the Southeast 100 feet of the Northwest 176.30 feet of said Lot 7 for road Right- GrantyRevisLots ed From , ThedCarrterall Survey. Township 30Plat andD3i SouthDORangeo� and 39F East,. Brevard an St. Lucie Counties. Florida CountyFloridgerry.PublJuly6,Records.13,said Plat filed in Plat Book 2. 9 l4 Said lands situate, lying and being in Indian River County. Florida and containing 82.50 acres. more or less. All acreage referred to herein is for informational purposes only. EXHIBIT 'A' VOLUME 14 - FTC1 96 - SH.2 - SEBASTIAN MODEL SITE All of LOTS 1 through 6. BLOCX 406 and TRACT 'A' as shown on the plat of SEBASTIAN HIGHLANDS UNIT 7 as recorded in Plat Book 6. Page 6 of the Public Records of Indian River County. Florida. Said lands situate, lying and being sore the City less, of Sebastian, Indian River County. Florida and Containing 1.48 acres, All acreage referred to herein is for informational purposes only. EXHIBIT 'A' VOLUME 15 - FTC# 11 - VHS.4 - INORIO BLVD. AT 6TH AVE. (750) A portion of Sections 31 and 36. Township 33 South. Range 39 East. Indian River County, Florida. being bounded as follows: ` On the Horth by the South right -of -war line of INDIAN RIVER FARMS DRAINAGE DISTRICT RIGHT-OF-WAY (Z.R.F.D .O.) J-4, on the Northeast by the Southwesterly right-of-way line of I.R.F.D.D. Plat Of J-5. on the Southeast by the Northeasterl vaQeu bondof of thehpublic Records0 BEACH HIGHLANDS UNIT TWO'. as recorded in plat Book 5. arof thele atnofi"VEROBEACH HIGHLANDS Rver County, Florida, a UNITnd nTHREE'. the southwestaecordedh InPlatBook r BY d PageS. of the Public Records of Indian River County. Florida. LESS AND EXCEPT that certain parcel of land described in a Special Warranty Deed dated July 29. 1985. and recorded in Official Record Book 71d. Page 445. of the Public Records of Indian River County. Florida. Said lands situate, lying and being in Indian River County. Florida and containing 22 acres. more or less. All acreage referred to herein is for informational Purposes only. - 0 C7 Vo IV CD v c -i C7 C.Ft Z_ C.0 LIDIItIT 'A' VOfOQ aP - PTV 137 - STQ. 71 - TTRO STOMS UST (732) PAM'S. A. The Southeast 1/4 of the southeast 1/4 of Section 70, Tounship 22 south, Rama 40 Tart, Indian River County, Florida. PARCH •s• The Worth 10 acres of the Wortheast 1/4 of the Northeast 1/4 of Section 71, Township 11 South, pangs a0 Tart, Indian River County, Florida. TOCITIQR MITW SMG portion of the flowatDrti lTLORIDA MAST CD ST XAILpoAD 4 of said andoctiOn 31, Southerly of the Plat Zmatesof ovZ*0 tSWONTS rNIT CWT, as recorded In Plat Sock S, Page 32, of the Public Records of Indian River County, Florida. PARCTL C. All of Oo.ernsent Lot 3, lying In Section 29, To ship 31 South, Ranger 40 test, Indian Ai.et County, Florida. PARCH. 'D• All of Section 32, Township 11 South, San" 40 Iaat, Indian River County, Florida, Litt AND TICIPTINO ofT70<RTFROM that uoundecertain oL celIndof land Raver Muner sheen Official Record Boot SSa, page 911, the of VfRO tWORIt - DNIT dtT, as recorded in Plat Sock S, Tage S2, of the Public Records of Indian River County, Florida. LSSS AND IICTPTINo TRON ALL Of TNI A3042 Any State Rud, lateral ditch, boat channel and any rlghts-of-aY of record. Said lands situate, lying and being in Indian RS•er County. Florida and containing 233 acres, son or leu. All emerge referred to herein is for informational purposes only. 0 s O tD N (D G� O CJI r t t.e*r sMSIM•c+T ca.al.rtw t•a•ctaKs .vcslm •e•T t.sntc t<cTtw K n KtTam n K•r wa • r.ol: r s M •aaK Ktaef •. 1(1P• tx•vn. Kw1M ROa »N.IMl » • D • K o[1K vmtM•f+T c0•4•.Tiw - t.oevlae.ce wcslm IWOI », I••I fMfTlr •1ewt..lA ftSr1O• 11 Y KtvOm I• K.T IM ) •.00 H S M N•lK Ktaef a I,OIr n.a Opynv, Kwln. Rea ""].tory f. a. s. •. •. ».li .Ir. 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Baysh=e Drive arr Miami STAT[FL 33133-5461 a i YytTVIE D(aro. M•N+1 M1w1Yw r.l. n. rrsan r NAY( SEE SC MUMS 1 ATD�= BEIZOM ADD NADE 18 A PART HERIXF FOR ADDITIalUll DEBTORS YA1lR •oP.eSE aTY STATE ---- Wli+rl[0(f+W M•Nn y�1 Mr.rr�la.IM+p.I MAV[ 1C Y.VLI•q ALOI(L • Cl" STATE — SECV•tD I•IT' M1 . Mara rnl n. � N•YED9\NUF7'CI 'P2pS HANOVER TRUST Oav,%W, A 2ANew York banking corporation, as agent for t31� listed on Schedule 2 attached hereto and made a part hereof. 27A Park Avenue STAM ----- ---- YDlilllt Sf l oI.IRT OA" ILM�MI1 rn•...I.TI NAY( 2B YYLIMo AOO M ry STATE •yygM(ta MOD DIA1 MAMn y..I N.n•.nl •.Ir.M_ MW( 3 YAIIwO AOt U an STATE SPACE 1p V" W ,R•rD p Pct• 1aY_w aI"O RECORD VEAIFW JLOF'FI4Ey K. BARTON CLERK CIRCUIT COU" INDIAN RIVER CO.. FLA r4i0ArgM wroNYAEgM VT•R 4. Tlw. rw•MOMo sT•TEY[MT Ew✓. eY •Oro++`p M19M O rlMl N N.O."1 IK4rF I.K'•^M N rw• Nelr•, M N4+.[.NI N.MN N »OV. /..�• n..••II 11 n0', p[. M •.Mb rYC•i .M'1MY VMr tN' • 11• SEE EXHIBITS A-1, A-2, A-3, A-4 and B attached hereto and made a part hereof. :: This financing statement covers fixtures. j, ric..•. N ewr.r w ea..a r r..•eM •+ f.cn.�..n tot w an toe [ s Yes *� 7. N• N..o-.Mrrs+MN. rwa». e. ...e.M• Cleilc o> Circuit -t, Indian Fdvtr County .�.w» Saga• t PWG HE R a Irnd o•e.+.r•n ssr Tr ,..1 wu..e�_ �ffitChi AIXCN�ING IN TtO: REAL 9, rn..rw+.+.e..M..lw.•elol[I.M+•er.�l..cv+r •M.w•.•m....r a•.a _/.s 10. CST C•.w ❑ r..af sella a. N.vMT .•wN w ra^n M.0'C*.•` •+a• i1 .•. p.C•N^I +ro n..w r eels. C osYr.. l•i.`Y+nM .r+r ru.a e*r�I.E » 1•w rw a' I»raY r e.wr w <•+•. C .+.• . r«..a. r STY ••r•Y cw.+ ewoed.eo+.• wtl•...cr+. a+.w• .« Frx•.e C r a.as• w. "ti �...»r C ..••.•.• N.•..•.^/. N +•+.. •IaM.1. r .r.rat .l•MCNw r 1+. v •rrr�-. ..n,M Mr•r a a�R a a w oS .... ww I. saNAnrYmro(nolAs, SEE SIGNATURE SIGNATURE PAGE ATBNOM III:!;= ADD DALE A PART F& Xp 12. •aN.nF+a. of u o �..•I.wr o• •sroNEt 111 /.I;nt 0111cM Cour STANDARD FOAM — FORM UCr l Aw•.ww L. 110%» 1» I ' aD CD 0 .o W CD • 0 0 lD N Co 0 C-) C7 c.i O SIGNATURE PAGE To THE UCC -1 FINANCING STATEMENT, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND OTHER PARTIES LISTED IN SCHEDULE I HERETO, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. •a • GENERAL DEVELOPMENT C• • • Delaware corporation By. Margaret . Graff, its Senior Via President and Treasurer rTAN' ENVIRONMENTAL QUALITY LABORATORY. INCORPORATED. a FI da corporation MargardA. Guff Vice President and Treasurer FLORIDA HOME FINDERS, INC., a FlcTida corporation By: Graff o Vice President and Trmurrer o N co v c� O J W /N9Jr2 Y.A 14 rm KM.� q SCHEDULE 1 TO THE UCC -1 FINANCING STATEMENT, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES LISTED BELOW, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS ISSTED IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. MULTIPLE DEBTORS: CUMBERLAND COVE, INC. 2601 South Bayshore Drive Miami, Florida 33133 ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED 2601 South BayAore Drive Miami, Florida 33133 FLORIDA HOME FINDERS, INC. 2601 South Bayshore Drive Miami, Florida 33133 0 O N CD -o c� .O J nrias si.6 74 Nrt rzu W N i g.� a• an almM LEW LIST IIOIM IIYU CWT LOT IUCT RL M/W 5 F Stl0D1Y]SSM NM( •.,.,•unnvuv.umnn•n•m.n....n,•..n.n.,.•...•...mu.n.u,..»...t ....••,.nn,•....o•...,n•.n05,100 •..N2Vlll X00571111 NIAMOS UNIT 0 1 05.1/ MS,FIII "Slim 4191 S MST 1 p 05,14 MS,Fill SEUSTIOM NIpLMM UNIT 1 1 MITI 7776,/111 FAST RIAM 11 VM ROU NIpLOIM UNIT OIC 05,25 (V16,F11/ 5EM IEOCX NIaMUS UNIT ME O 06 05,71 7Y21,NI1, VE" KO XIpLM05 UNIT MC p 0 05,71 MS ':11 TEM CEO NIpLMDl M11 ME p 0 Os, 21 M6,FS11 YMVO41OLMpS MIT MC 0 07 05.21 /V20114 RM KONIPIMDS OKil UNC 06 07 05,21 M6,F111 ftp KONIpLMOS MIT MIE 01 07 05.21 7Y20,F114 RM OEOCN N1OlMCS MIT 0R 01 07 05,25 M6,F111 "1EOCX XipLMOS MIT MC 03 07 Os,N M61FIl1 RM KOXlpton UNIT OR OS 10 Os6 M6,1116 VE" ROCX X1pLMDi MIT TOOOS 111 03,17 ".Fill SEWTIM Nictm UNIT / Ip OS,T7 MS,/117 XUS11M NiPIMOS UNIT 6 05 IM 03.17 MS,FI17 SEUSTIM NlM1pS MIT 6 01 O 06,01 1175,1111 XUSTIM N1GtARS MIT 7 Its 06,17 M1.7117 X00STIM NIPILMO1 MIT 1 0 06,11 7Y25,1117 XUSTIM 11101.WS MIT 0 C 06,11 MS,FII) sEUSTIM 11ISKM01 MIT 1 101 06,11 7Y7S,F111 SEUSIIM NIpLONOS MIT 1 p7 0 06,16 N25,1111 SCUSTIM NipLMM UNIT / 0 All 06.16 172S,FIII XUSTIM NiplONOS UNIT 1 012 06,11 MS,FIII SEUSTIM XlpLM05 UNIT 1 01 l -w1cmici PAP is ---1F15i---�Y25FF02 s l+a --.w6-AYs;fill l 06,56 P/IS,Flll XUSTIM NISKAMS UNIT 10 C 07,56 MS,FIII XUSTIM NIJIMOS MIT 11 0 07,56 7725,F111 XUSTIM NIGIA.W MIT 11 1 07,56 MS.FI17 XUS11M NI6l6NOS MIT 11 0 202 07.56 /YS3,F141 XUSTIM XIGKW MIT II 1 712 07,56 /v57,F141 XUSTIM NIKANOS UNIT 11 363 07,56 /Y2S,F177 XUSTIM NIpLM05 MIT 11 16 0 IMF 7Y57,F111 XUSTOIN MIALn1 MIT 12 1 07,57 MI1TI41 XUSTIM N1pLMDS Vol? 12 IH 01,57 MS.FiII XUSTIM XIMMOS MIT 12 57 NO 07,57 MS,FIIT XUSTIM XIQLMD1 MIT 1111 31 110 07.17 MS.FIII XUSTIM XIPLMOS MIT U 1 07,12 Ms.Flll SEUSTIM IIIpLNOS MIT 17 777 07,02 /Y25,F117 XUSTIM NIpIMDS M IT 11 11 773 07.12 N25,EIil XUSTIM NIpLMOS MIT 13 17 1 0,M 7726,/114 0 SENO R0C11 910.MOS MIT FM C 00.70 rv26,/116 O CIO EEOC71 NIpLMOS MIT FM 0 0,11 7Y26,FI14 MS MIT FM VEM S,FOCN NIpLD E 01 ,10 M6,/114 N: VEXO IEOCN NIP OS 0I1 FM F 0,10 7Y26,F1I4 YEM ROCK NIPLMOS UNIT FM 1 0,I1 /126.F114 TEM EENCN NIGKMH UNIT FM 0,10 M6,/114 AM IEOCX Nip(MOS MIT FM N 1 0!1 M6,FII1 Q TEM 0E1Cn NIpLO.OS MIT TWH MWHAP 1 OfM5,FI17 t XUSTIM XIpIONOS MIT 14 E 0,44 /Y25,1111 XUSTIM Nj;X-W UNIT IS S p,14 /Y25,F113 XUSTIM XIKW MIT IS H 0 0!s MS.FIll XUSTIM r.9001 S MIT 16 S52 ,15 0 "!ill SEWTIM XIPLMOS UNIT 16 14 547 0,15 7,FIU 725U XUSTIM NIPLMOS MIIT 16 a• %1.6: AIR -161046 NIILI+X� 1FV51WM -4 Ago, tou, t STir MK/Ot aCTiw s u KCa Oro IF Kar PICOT 1 aaa tl b M KKIC KCPIOS b 1r '. 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FLA r 6 an n.n b Yy.xYwt naltK NNm xawr.r.}xr1YYw Y.Y{ IC YN.M.Ce.le N o^ n.n ------------- iIANOVEA TRUST CagentY, a wYa NAHUFAC3VRER5 a New York banking corporation as agent for on oie N _ 2A thwNShed Am-'- hereto and ed Mand a part hereof ' 270 Park Avenue nn NY 10017-2070 — -� ----- o^ New York - Yu.nna lea.eo r.nn n.um u'1.^'."'x."'v^ - Y.LM.neY N1°M1.reY 41 M.MI 28 Y.wNa.WNu 1 em n•n •. n '11n MlxY.xn n a n -Y=11YTT'rilwwe\/WM1IYIMw�W wYI.vM.YMw.IM✓MWn/Yw YV..MIYM.MW �. fsw.YiY. 4. ❑C3 4.PwldWwV lww.wx n.w9 WwnCw rxw.Ywl. S. ❑./.MWI a.N.IrwlrNbnwtwN.NYrrl nw./'..MM1Mp'l wp'.xbWY.OM.1bN n.WMWw1I..w bar S• r ❑Y�.wx te�wt.r..r rrx/l �Yw�.rM1rwwq}YwwilY.rb.n •Y.OMI�rIM1MYwY.MYIYN..M-b'IYYY VIbbn Nall W nN'.. M..MrNNtlbw.A V brnn14.11. 7. ❑ rM.TwK Nl11ablMM!^INYM�NIw.'V'lll.wnMM.Nw�'I'Nb YYwrMYIYNIYVM�wMII.IO'M.YDbbVlnVb.xMI.wINr+NY. S. SI YY'yNM. r.weW PMM1.W^IWYb.w b lNN^le Kily.10W ]IM.. YMM1dMYn..bY.xw MlllTWIWY'lYrwl NwF Mti�4n Ybw. M. a. ❑IWW Ye/Mr/ry..�w NYIIW PM1Y`1b QA.•AI R..I MIMI.d. /D. ❑Gd xN YMMn Y.nYu.N.wlr.IYYIYOmAY O O SEE OMM= A ATfALILTH'D HERETO AND HERESY FADE A PART O SEE SIGNATURE PACE ATTACHED RE-`-TQJ AND RADE A PART HEREOF mY.luenla xm.eo..Yr..a}a.>maa Y STANDARD FORM - FORM UCOr A�wY1Ra....yra}w,tN..wrr.r nl RAM Offlo Cc Pr SIGNATURE PAGE TO THE UCC•3 STATEMENT OF cHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND ATTACHED HERE170, MANUFADEBTORS, AND OTHER CTURERS LI RANO SCHEDULEIN TRUST COMPANY, A NEW AYORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. DEBTORS: ATLANTIC GULF COMMUNITIES CORPORATION, f/k/a General Development Corporation, a Delaware corporation By: Margaret . Graff, its Senior Vice President and Treasurer CUMBERLAND COVE, INC., a nessee Corpoati n BY: t Margare \. Graff Vice President and Treasurer ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED, a �cotpo.ratiranBy:f Via President and Treasurer FLORIDA HOME FINDERS, INC., a Flgdda eorpoatiog . V By: o= Margare . Gaff o Vice Pre Witt and Treasurer r 0 J O SCHEDULE 2 TO THAT CERTAIN UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND OSHATRUSTCOMPANY, IN SCHEDULE ATTACHED, ANEW A MANUFACTURERSS DEBTORS, AND NOVER YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED BELOW, AS THE SECURED PARTY, PURSUANT TO OAN AGREEMENT DATED AS OF WORKING ND TERM L OF MARCH 3AT CERTAIN 1992, AMONG THEDEBTORSAAND CREDITORS NAMED HEREIN. 1. Manufacturers Hanover Trust Company 270 Park Avenue New York, New York 10017 2. Chemical Bank 277 Park Avenue New York, New York 10172 3, NCNB National Bank of Florida 400 North Ashley Drive Tampa, Florida 33602 4. NationsBank of Georgia, N.A., f/k!a The Citizens and Southern National Bank 400 North Ashley Drive Tampa, Florida 33602 5. The Bank of New York One Wall Street Newyork, Newyork 10286 6. Midland Bank PLC, New York Branch 156 West 56th Street New York, New York 10019 7. Carteret Savings Bank, F.A. 10 Waterview Boulevard Parsippany, New Jersey 07054 8. Berliner Handels-Und Frankfurter Bank 55 East 59th Street New York, New York 10022 Si AD do (WORKING CAPITAL AND TERM LOAN] EXHIBIT A to the UCC -3 Statement of Change amending the UCC -1 Financing Statement naming General Development Corporation, a Delaware corporation, and other parties named therein, as Debtors and Manufacturers Hanover Trust Company, a New York banking corporation, as Agent, as Secured Parry i"Financing Statement'). The Financing Statement Is hereby amended as follows: 1. Debtor. The name of one of the Debtors, General Development Corporation, a Delaware corporation, Is changed to 'Atlantic Gulf Communities Corporation', a Delaware corporation. 2. Secured Party. The name and address of the Secured Party are changed to'Chemicai Bank, a New York banking corporation, as Agent for those parties listed on Schedule 2 attached hereto and made a part hereof, 200 Jericho Quadrangle, Jericho, N.V. 11753." UNNE -73 rrmi"I a. Item 1 of Schedule 2 Is replaced in its entirety with the following: Manufacturers Hanover Trust Company, now known as Chemical Bank 270 Park Avenue New York, New York 10017 b. Item 2 of Schedule 2 I replaced in Its entirety wlth the following: Chemical Bank 270 Park Avenue New York, New York 10017 C. Add the following to the end of Schedule 2: 'AND THEIR SUCCESSORS AND ASSIGNS" d. The word 'CORPORATIONS" on line 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 Is deleted and replaced with 'CORPORATION,'. e. The word 'BELOW" on line 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 Is deleted and replaced with "IN SCHEDULE 2 ATTACHED HERETO'. Insert as the last paragraph In Exhibits A-1 and A-3 the following: Provided, however, the collateral comprising fixtures Includes only those fixtures located on the Real Property described In, and encumbered by, the Mortgages, as the terms 'Real Property" and 'Mortgages' are defined In Exhibit A-3 to this Financing Statement. g. In Exhibit A-2, the words 'therefrom, reserves and credit balances arising' are Inserted on line 6 of the last paragraph between the words "arising' and -thereunder% h. On line 3 of the definition for "Claims Disbursement Account" found in Exhibit A-4, a "I" is Inserted after the words "Reorganization Plan", and "Section 2.13' Is deleted and replaced with "Article 1". 1. On the last line of the definition of "Excluded Property" in Exhibit A-4, the following Is Inserted between the words "personal property.' and 'and the Trust Property' and all Homesite Contracts Receivable arising from the sale of such real and personal property If and to the extent that the agreements now existing with respect to such Liens require that Cumberland Cove, Inc, grant Liens In such Homesite Contracts Receivable to First Union, 1. On line 4 of the definition of 'Lien' In Exhibit A-4, "lease' Is deleted and replaced with 'Financing Lease'. V k. The following Is added to the list of definitions In Exhibit Ad: 'Financlna Lease": any lease of property, real or personal, the obligations of the lessee in respect of which are required In accordance with the generally accepted accounting principles In the United States of America to be capitalized on a consolidated balance sheet of Debtor and Its subsidiaries. o c� C=) V~97.3 u • ) sa° 731213 92 MAR 30 f.:; St 39 Thi. S.SW dlrufe MortVae — pnYr•d by rod anrr rocrenin bo }'f RECORO VERIFIED JEFFREY K. BARTON Pwta McDonald Ilhodn, EK-im CLERK CIRCUIT COURT Urllaa, FKW., wW, Emmaaurl. INDIAN RIVER CO.. FLA Smith A Culler, P.A. 0. Itar6wr PI., Tampa. Florida 33602 JJ Sol THIS SUBORDINATE MORTGAGE IS GIVEN PURSUANT TO A PLAN OF RF.ORGA.NIZATION COATm%,[ED PURSUANT TO THE ORDER ISSUED BY THE UNTIED STATES BAN-KRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA INCASE NOS. 90.12231-BKC-A1C, W12232.BKC-AIC, 90.12233-BKC-AJC, 90.12234-BKC-AJC, 90.12235-BKC-AJC, 9012336BKC-AJC, 90.12237-BKC-AJC and 90. 122_1E-BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILTIY PURSUANT TO SECTION 1136(C) OF THE UNITED STATES BA.NKRUPTCY CODE a:s •:3F.M ImmiliaV 1. THIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT ('Subordinate Mortgage'), dated as of March 31, 1992, from GENERAL DEVELOPMENT CORPORATION, a Delaware corporation (the 'Conttya 1y'), and ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED, a Florida corporation ('EQLab*), each having an office at 2601 South Bayshore Drive, Miami, Florida 33133, (the Company and EQ Lab being referred to collectively as the'tjQngdCLrB' and individually each a'rjgtlgig ') to MAN-UFACTLRERS HANOVER TRUST COMPANY, a New York banking corporation, having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ('Mong3gi4'). THE LIEN ON THE MORTGAGED PROPERTY GRANTED PURSUANT TO THIS SUBORDINATE MORTGAGE AIN'D SECURITY AGREEMENT IS SUBORDINATE AKD LNFERIOR TO THE LIEN ON THE MORTGAGED PROPERTY SECURING THE WORKING CAPITAL AND TERM LOAN INDEBTEDNESS AND ANY REPLACEMENT OFTHE WORKING CAPITAL LOANS NOT TO EXCEED S20,000,000OUTSTA.`DLNG AT AN -Y TIME AND TO THE LTEN SECURING THE DEFERRED ADMINISTRATIVE CLAIMS, IF ANY, AS DESCRIBED IN THE AGREEMENT, AS DEFINED HEREIN. WITNESSETH WHEREAS, the Company is the owner in fee simple of the parcels Of real property particularly described in Exhibit A-1 attached hereto and made a pan hereof (the 'Comm (aid-) and all buildings and improvements presently located thereon: /WTI a T. IT..51r 9 WHEREAS, EQ lab is the owner in fee simple of the parcels of real property particularly desenbed in Exhibit A-2 attached hereto and made a part hereof (the 'FO ab LAad') and all buildings and improvements presently located thereon; ,AWEREAS, pursuant to that certain Secured Floating Rate Note Agreement dated of even date herewith (together with any and all modifications, amendments, replacements, renewals and extensions thereof, the '') executed by and among the Company. Mortgagee and certain Banta (as defined in the Agreement) (the 'Banks'), and pursuant to the Reorganisation Plan (as defined in the Agreement) the Company shill issue aurin Secured Floating Rate Notts (as defined in the Agreement) to the Banks (together with any and ill modifications, amendments, replacements, renewals and exwsir�+s thereof, the 'jZ=') (ill capitalized terms not otherwise defined herein shall have the ma_iing given such terms in the Agreement); WHEREAS, EQ Lab has executed certain Guam toes dated of even date herewith for the bereft of each of the Banks guaranteeing the payment and performance of the Company's obligation under the Noes, the Agreement and all other Secured Floating Rate Note Doeuments, as defined in the Agreement; WHEREAS, pursuant to the Reorganization Plan and the Agreement, it is required that the Mortgagors provide, as collateral security for the payment of the Notes and Guarantees, a mortgage lien upon the Mortgaged Property (as such term is hereinafter defined). NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, Mortgagor hereby agree as follows: TO SECURE, a. all obligation of payment and performance by Mortgagors pursuant to the Notes and Guarantees, the terms of which arc hereby nude a part of this Subordinate Mortgage, including, without limitation, the repayment of principal and Payment of interest thereon evidenced by the Notes (the foregoing being hereinafter collectively referred to as the 'indebtedness ), b, the payment and performance of all covenants, agreements. obligations and liabilities of Mortgagors under or pursuant to the Agreement, this Subordinate Mortgage, and all other Sacred floating Rate Note Documents, and C. all future or additional Notes on future advances as described in Article o 9 39 of this Subordinate Mortgage, o s0 Mortgagors hereby convey. grant, assign, transfer. mortgage and set over to Mortgagee, all of rsa Mortgagors' right, title and interest in and to the following (collectively. the 'Mortgagsd CC) O IfNMI Y.d T. 11m �Ar •i• CD tD " NM 0101 elmn7 lLiA4 1.nT IIOtM NtTQ coon, SOlflMSla AW( CDT !NKT it li/1AR T F mrmmn.uurnmmnmrmrnnrurnnn.emm�nrrrrrrnn.nvnrnrm.nnrnrmn+nmrrrrrrrrrn04.100 nr R25,F117 SEbkS1IM WIPL S PIT / T 1 05.11 /X25,7117 SE)KTIM RIVIWOS gill S D 11 m.54117 stusliM AIOWOS UNIT t 15, A DS,25 /l FIRST a"T In VM REPO AISKAMS PIT OK A OS,r NA.F114 nri,F"IFIIA VEn KACA Rlvtw gill OK 04 05,29 TEN0 1[ACR RIGLAVA gill ON 04 06 Os,r /X7/.FI11 /".FllA TERO aNR KaAN S OBIT OK 05 0 05.21 9721, 111 VENO KKN RISALM05 gin OK 06 077 05,r /X21,11!11 aro REX%NIMAIDS UNIT OK OI 07 0519 " TUC% RICTUS PIT W 02 07 05,21 /".Flt! VE" KAOl LTptm gill OK n 17 n.r /M.FI11 VEIN IEACC RIVLMS PIT OK 04 07 05,21 fM,F111 ITIS.". VENO IEAC11 Rlptm WIT OK Is 10 OS,17 *20 1E9A XIVLWOS PIT TO IM /M.F11/ /X25,1117 XIASTIWI Himm04 PIT 6 01 QS,11 05.97 /X9,7117 SESASItWI A1pLWOS CRIT 6 » in 101 05,11 $EWTIM RIGKWOS gi:T 1 01 A 01,01 /M.FI17 SEMSTIWI RIPLWOS WIT / It) 06,1) N?S,FI17 S[ TIM NIMMi UNIT 1 1 00,11 N25,T117 n25,T117 SESASIIM NIp4m UNIT 1 C 00,17 7X25,111] SCSASTIM NIPLANOS UNIT 1 lel 06,17 /5'25.1111 SEIASTIAII 41M M5 UNIT I 07 1 04.70 /X25,FII1 S[IASTIM NI;KARDS PIT 1 0 Ill 06,% n2S,Flu SEMSTIM MIVLANDS UNIT 1 112 06,M nI5,Tt17 SMSTTAII RISKMS WIT 1 0, SHIPW "4104 -5717 1 01,50 IRS,i117 XGSTIM NIS04AR05 UNIT 10 C 07,50 MS.FII7 SESASTIM RIWLMS UNIT 11 D 07,51 n2S,F117 SEDASTIM NIPtMS UNIT 11 [ 07.56 /XSS,Fll7 SEBASTIM RICNUIOS WIT 11 A 212 01151 /XS7,FI41 SUASTIM NIKAKS UNIT 1l 0 292 07,51 /XS7.Fill SEGSTIM NISNUN7S UNIT 11 710 07,57 n25,g11 SEIASTIAII NICKAROS UNIT It 11 A 07,57 SEIASTAIR x1mm5 all 12 1 O),S7 NS7,F111 SEIASTIWI NIS74WOS UNI! 12 110 07.57 N2S.F111 /X75,1117 SEIASIIM N1pLm UNIT 12 $7 I/O 01,57 SEDASTIM NIGKMn UNIT 12 S1 110 07,57 N2$,F117 M5,F117 SLIASTIM KIPt 5 UNI1 12 U I7 12 .. _.. C 07,97 /RS.TI17 UJASTIW NIVLMS UNIT 17 17 777 07,12 M5,1111 SEDASIIM 41JKMM WIT 17 333l 07.12/S NZ5.F117 SEIASTIM AIGKWOS UNIT 17 77 A 04.71 n21,TIA TERO 6F,SCR RIOLAMS UNIT IOW C 00.71 NK,TIII IENO KACN KlGKWOS WIT FNA D 04.71 21,F11A P [1M KXX MICKWOS WIT FIRM [ 01,71 n2/,T111 T[00 ![NIC RIGKMM UNIT FOUR F 04.70 n21,F11/ tERo REACH NIPLMOS WIT FOA i 04.71 M/,FIII VENO IENN HIQRM5 WIT FDA N 00.71 /X21,FI11= vM IENR NIpLMS WIT FWD A 04,11 r21,F11A VEn RNR 91KNOS WIT TNIIC[ C 01,17 /X25,FI1P-' SEIASTtAR MIMM gill 11 [ 04,11 7X25,T117� SCUSTIM AIPLUM UNIT 1S S 00,11 rt25,T111c�i S[4SUAR IOpLMDS UNIT IS si 1 04,15 n25.F111- SEMSTLM RIMMOS gill 16 S 04,15 SEUSTIAR RIKWOS UNIT ID II 507O 04,15 m.F117 0r725,1117 WUSTIM %AIOS PI IpLT 11 KIAciE P u it; lsatlA.Icr.NK ON �7' r,..uc•w .er a.w / UNIFC n �rurtttw.u.ra�..no+w.v'•rrwr.l�^•w r.\.•w.'.�b... c`... -— � �.. STATE OF FLORIDA )MMERCIAL CODE — FINANCING STATEMENT — FORM UCO -1 REV. 1901 iO 4?.Tf wf M ..»..•o b • M.a encs. b M.V erlar. V T U. Crnt+cM coo. 1A Dels+are Corporation •.aro .mKl\ 2601 S. Bays2ore Drive a+. Mi=d n.nFL 33133-5461 Y.a.atra. o(nv rum .�+... •......». Y .uw SEE 5=UU 1 ATIACBf9 HERETO A`ID ?ALE Is A PARI BIIffX.F FCR AMITICTAL 003TORS a v.. n.n .aa*+n(o(no. rum ..r.✓. •..•...». .uR 1C u.a..u.eo.rr ott n.n aeCuaeo .•.n a.n ..E ........o. .,, NC4N[hX71RER5 HAS7C7JF72 TR[ST CLT4lAVY, a 2A New York banking corporatim, as agent for *fie listed o1 Schedule 2 attached " and IDade a part hereof. 270Par Avem)e ot. New Yorkwn NY 10017-2070 .un 20 •K..O .LO'lY REC ORO VERIFIED JEFFREY K. BARTON CLERK CIRCUIT COURT INDIAN RIVER CO_ FLA On n.n .W+I[Y YM[O.un. r..n ,ra.✓. r......... ._ _�Mb^O+rY+•ro+ M.Y( b.t n.n own .. . .•K�nO (r.n...r aw. nn `w.^( �t.. ✓ s� r ✓w✓�r ww..n.�r ✓ w ✓w.^. � �-�t..nw w •.�✓ ✓ wwI M .•.�..1 ....... �. wrM I.aC^.YAM 1'�a \'t' . aa' SEE EXHIBITS A-1, A-2, A-3, A-4 and B attached hereto and made a part hereof. This financing statement covers fixtures. S_..rr. r.w+r r.aw..rTrr=ra...nslmwlna r• Yea 7. ..rrw.4.✓. r..w a..r... Clerk_of t C1 Circuio1at,_Indian Rim CM]ntY ' - .--- a.u»CIG.•�+».. w,rr...e.rwrww•.1.�nn.1 . w» TO BE8 IIED D6 FW HEIMFOM IN_TAE.RFAL_ 9. n.s+•.•r.w✓ww.o.. w�...r rnn.uu....r�w.enw..v.e _•r jIII 10. o.e'r» C.,r.r..a..rtr+r.rwr.ww........rw •.r r.,"..... ».r w• I Or�.•.'✓.'+a•Y..i. G .+.\. r.r.. r w rrr rw. r,uw rw.......a✓w.wr .« .....r i..11.1✓..Yp r �. »»t I.I..'r..YM ✓.V u rrrr ;.s»rn v W N L- FMru ..f . I Ryi, 12. ro..v(n W. D III TNM ONr.. Lon STANDARD FORM — IONI UCC.1 SIGNATURE PAGE To THE UCC -1 FINANCING STATEMENT, NAMING RATION, AND OTHER PARTIES LISTED IN SCHEDULE SCHEDULE IDELAwARE HERETO. AS DEBTORS. AND O ANU PARTES TISTID TRUST COMPANY, CORPORATION, ASGENT FORRTTHOSE CREDITORS LISTED IN SCHEDULE 2 HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMENT DATED AS OF MARCH 31, 1992 AMONG DEBTORS AND CREDITORS NAMED HEREIN. DEBTORS: GENERAL DEVELOPMENT CORPORATION, a Delaware corposatiat By.. �x-,r c nuc, .b"f,4_ Muyuet A� Graff, in Senior Via President and Trmsorer CUMBERLAND COVE. INC., a T corporation N BY 'y Name: J Title: ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED. a Fflj& CorpoMb0n Br. Muyarc(,)k. Graff Via President and Treutrter FLORIDA HOME FINDERS, INC., a ' Corporation Madam Graff — Vice Prendent and Tremm r lwennno. 0 9 O tJ N co C.3 0 N M Ntf 07/7]/12 Ili& LIST I701M Ire Cam" LSI RK1 R[ MAKE [ F SI ilSIM NAE n..rn+n.m.mnrn,.nnnnumn.m.nm.mnn• ^^05..^.++050505.+.^^.^^^^^^^•"" 05.100 (M.Fll) mmmnnn..... SEBASTIAN 11G14D5 MIT 1 T [ 05.11 /R5.Fll7 SEUSTIM NIGIM UNIT I XB !f!AMp 05.14 tm,Flll SEUSTIM 1110lMM MIT I leopwal q! twi 94f; . 05.29 "IFI14 A FIRST IMAT 11 ME10 IEICN N16LANM 0117 7ME A 05.29 f".F11/ SEIO KAE1 NIGLAMM MIT UK a 05.29 /X26,T114 1E1G KAa NIsKM05 MIT ONE 06 a 0554 ".111/ R10 R4CM M1G141M p411 ONE 04 a 05.29 /R{,FII4 IEIO KACM Xi6KMM MIT ONE a 07 05,29 /Will YERO BEACH KIG MM MIT ONE 01 O7 05,21 /".1114 1Et0 IEFCII xlGKLM MIT art O2 01 05.29 2926,1111 IE7ro RKM NIGlA IDS OMIT ONE 07 07 05,29 126,i11A VETO BEACH KIDMLANM MIT art 04 07 05.21 "'Fl7/ 1ER0 RACM Mt6KMM MIT ONE 05 30016HAM -1 30 05.71 /126,1114 VENO RACM RIGLrOS MIT 700 lb 05.17 rM FIII SEM TIM MIGKAMM MIT 6 0S in 05.17 /RS,FII] SEBASTIAN MISKLVS MIT 6 0• 113 05.17 fM,Fll] SEBASTIAN XIGIAMOS MIT 6 01 A 06,01 2125,Fi1] SEBASTIAN WIPtM05 09I1 1 I'll 04,17 /'RS,Fill sEUSTIAM M16MLMM UNIT 1 0 06,17 n25,F113 SEBASTIAN KIGIANOS MIT 1 C 06,13 M5,II1] SEMSTIM XI6MANM MIT 1 117 06.1] RS /,F117 SEBASTIAN MIp4ANM MIT I 07 A 04.36 Irs'FII] SEBASTIAN MIG AKS MIT 1 0 411 04,34 rm,Fill SEBASTIAN M16KMOS MIT 5 412 06.36 M25,F111 SEIASTIAM M16LANM MIT 1 SfWHAP MK 01 ----Obr56----A -µe56--pMF{n 4+29,56 ,.. i] 06,54 ms,nu SEBASTIAN MNKMM MIT 10 C 07.56 MS.Flll SEBASTIAN MIDKMOS MIT 11 0 01.56 rM.FII] SEBASTIAN MIGlAN01 MIT 11 E 07,56 rMIF11] SEBASTIAN 41;K&KS MIT 11 A 292 07.56 367,1141 SEBASTIAN MIGKANM MIT 11 1 292 07.54 NS] FIAT SEBASTIAN MI;KWS MIT 11360 07,54 /125,FIO7 SEBASTIAN NIDKMM MIT Il 16 A 07,57 M7,F10= SEMSTAIN MIKAN% MIT 12 0 07,S7 M1.r I1KD SEBASTIAN XI6KARDS UNIT 12 410 07.57 /72S.FII]N SEUSTSM MISKM MIT 12 S7 110 07,57 /[25.1117 C) SEBASIIM MI6KMM MIT 12 51 A" 01.57 /12S,F11] I SEBASTIAN MIGIMM UNIT 12 61 W If C 07.12 2[25,1117 d - SEBASTIAN slothoOS MIT 13 144 W Cs ]]] 07.12 ms,rlll SEBASTIAN MIGIANDs MIT 17 I7 m 07.12 /M5,F117 SEBASTIAN NI6KANM MIT 17 17 A 06,71 M4,F114 1E" KACR MIDKAMM MIT FOUL C 04,71 /R6.FLlA IE" RACX notANNIS MIT FOOT 0 01.71 //26,1114 [CIO RAC77 MIKA"$ MIT FOM F 09.70 M6.Fll1 TE10 RACK NIGM.MM MIT FOM F 36.71 T.6,Fll4 [EIO RACM MIGI.MOS MIT FOLIO 0 04,71 N26,FII1 1Ero CLACX MIGIMM MIT 10 M 04,71 NZ6,F114 YM BEAN MIDLANDS MIT FOM A ".AT /126,FI11 If" RKM MIMAA9S MIT iNIEE C 04,13 2[25.1113 SEBASUAN MILLM Oil 14 E 04,44 2125.111] SEBASTIAN Crokw "it IS 0 06,11 2125,F113 SEBASTIAN MI6KANOS MIT 1S Its ".111] 1 01,45 SEIASIir N1G1Y40 MIT 16 SSI 01.45 /RSM] SEBASTIAN NISKMM MIT I6 1' p1 547 a,AS rm.11U SEBASTIAN NiV[IFOS P11 16 N 36NI+i !M\•MYA•Pb 11w waw.•... w.....w r�ACMw1 trl1l�TR yyMW.lOw. n.Trwr� rw Tw ww wrw j rv. v!•� M•.iry LO.•�. w..•• Ii1 Yw qi. i1O l Celt rM Tcv 4lw vim.\ v.rw.^v v.^rW _----- —� � — - ------ STATE OF FLORIDA py UNIFORM COMMERCIAL CODE—STA MM �OF�C�MA�XwE� t �R M rt.n re.Y.O.ta VATEIMW Y tr\•..tra 71 'i'• we.�n.....w�w:l.E��nwwsrr•w\•+�"'• nu v.at .attar or ata o..rta .u.q GEtffAAL DEVEIAPMf2TT CORPORATION. IA a Delaware corporation \,a•.a .aoas 2601 S. Bayshore Drive a.• Miami n.n rL 33133-5461 quat..e txnoa w..m u.\.w•.r...... ffi SCRFDDLE 1 ATTAMM RER£rO AHI7 M 1B A PART KEREOf TOR ADDITIOIAL DEBTORS * n.M1E.•.aatto• a T.n u tMtN D(•r0• w..m aa+Wrw •.w......e. W.q 1C W41'•O.0PRlf nm J r J N RECORD YERIFIED JEFFREY IL BARTON- C.Tt •ectwm r..trACTUR RS RAr•r. TZ3ST CC!af a •.tn MANUPACI[JRFJiS RAt70PER New York Donkiny corporation as a nt for 2Athe parties listed on Schedule 2 attached r..M •oo.eu Dereto and made a part Dereof .w. 270 Park Avenue n.n 10017-2070 of New York - — ttta..�eua.�or.w+ w.wn M..•�-w....... •.aa.a wro..•ra 29 \.1r•e .OYR• nn rw 0. g, Book 128 Pax 1701fan 7. \ .�•w ��„� ti,,,,,w, w.y w » nw.�+...... 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HM.am� t.F)I p— Bolt 239 �z�.t.v/,r�� STANDARD FORM - FORM UCC -3 r..rwterwrrwr wrr.t.v A) IMM Mtk'w Caul SIGNATURE PAGE TO THE UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND OTHER PARTIES LISTED IN SCHEDULE 1 HERETO, AS DEBTORS. AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED IN SCHEDULE 2 HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMENT DATED AS OF MARCH 31, 1992 AMONG DEBTORS AND CREDITORS NAMED HEREIN. DEBTORS: ATLANTIC GULF COMMUNITIES CORPORATION, fi'kh General D"doprnent Corporation, a Delaware corporation Margaret . Gnfr, its Senior Vitt President and Treasurer 00160103WAI MEMO ENVIRONMENTAL QUAIM I-ABORATORY. INCORPORATED, a F7 'da Corporation By I Margarct . Gnrf Vice Prardent and Treasurer FLORIDA HOME FINDERS, INC., a Rprida Corporation Br• . Margai A. Graff o Via Peident and Trc2-w%T sD O_ niw i J Q� SCHEDULE 1 TO THE UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES LISTED BELOW, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THE CREDITORS LISTED IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. MULTIPLE DEBTORS: CUMBERLAND COVE, INC. 2601 South 113yshore Drive Miami, Florida 33133 ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED 2601 South Bayshore Drive Miami, Florida 33133 FLORIDA HOME FINDERS, INC. 2601 South Bayshore Drive Miami, Florida 33133 At" I SCIIEDULE 2 TO THE UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMEVT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES UWM IN SCHEDULE 1 ATTACHED HERETO, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CRED17 ORS LM -ED BELOW, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMENT DATED AS OF MARCH 31, 1992, AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. 1. Manufacturers Hanover Trust Company 270 Park Avenue New York, New York 10017 2. Chemical Bank 277 Park Avenue New York, New York 10172 3. NCNB National Bank of Florida 400 North Ashley Drive Tampa, Florida 33602 4. NationsBank of Georgia, N.A., f/k/a The Citi.:r,s and Southern National Bank 400 North Ashley Drive Tampa, Florida 33602 5. Pearl Street L.P. 85 Broad Stred, 27th Floor New York, New York 10004 6. Midland Bank PLC, New York Branch 156 West 56th Street New York, New York 10019 7. Carteret Savings Bank, F.A. 10 WatwAew Boulevard Parsippany, New Jersey 07054 8. Berliner Handels-Und ' o p Frankfurter Bank 55 East 59th Street New York, New York 10022 n o_ Flw.l (30 n [SECURED FLOATING RATE NOTE) EXHIBIT A to the UCC -3 Statement of Change amending the UCC -1 Fwmrcing Statement naming General Development Corporation, a Delaware corporation, end other Parties fisted therein. es Dstrtor end Manxrfacturers Hanover Trust Company, a New York banking corporation. as Agent, as Secured Party ('Firwxing Statement-). The Financing Statement Is hereby amended as follows: 1. jags. The name of one of the Debtors. General Developrnem Corporation. a Delaware Corporation, Is Ganged to 'Atlantic Gulf Communities Corporation', a Delaware corporation. 2. Secured Partv. The nems and address of the Secured Party are charged to 'Chemical Bank, a New York banking corporation, as Agent for those parties listed on Schedule 2 attached hereto and made a pert hereof, 200 Jericho Ouadrengle, Jericho, N.Y. 11753.' lff ml a. Item 1 of Schedule 2 is replaced in its entirety with the following: Manufacturers Hanover That Company, now known as Chemical Bank 270 Perk Avenue New York, New York 10017 b. Item 2 of Schedule 2 is replaced it its entirety with the fcaow*V: Chemical Bank 270 Perk Avt:rxte New York, New York 10017 C. Add the following to the end of Schedule 2: 'AND THEIR SUCCESSORS AND ASSIGNS' d. The word 'CORPORATIONS' on tape 5 of the heading in Exhibits A.I. A-2, A-3 and Ad Is deleted and replaced with •CORPORATION; . a. The word 'BnCW on line 5 of the headig in E)Nbits A-1, A-2, A-3 and Al Is deleted and replaced with 'IN SCHEDULE 2 ATTACHED HERETO% o I. On WV 8 of the fast paragraph below the headI g in Edxbit A-1, the a. O word 'Subord"' is Lhserted prior to 'Pus* PrCPO ty Secraft7 Agreement% L - g. M Exhibit A-1, Paragraph h. is deleted, and Paragraphs i. and j. we _ p relettered to become Paragraphs h. and i., respectively-, provided, however, the r deletion of paragraph h. does not remove fixtures from ow Ming, and foaures —J "If continua to be kohidsd in the fdng as set forth on Edxbrts A-1 and A-3 1-0 to the origkal fnanchV statement being amended by this UCC -3. 40 C7 C7 L.L- etxl h. The following is inserted as the last paragraph in 6dubits A-1 and A-3: Provided, however, the collateral comprising fixtures includes oNy those fixtures located on the Real Property described in, and encumbered by, the Mortgages, as the terms 'Real Property' end 'Mortgages ere defined in Extuibit A-3 to this Frwsirg Statement. L In Exhibit A-2, the words 'reserves and credit balances arising thereunder' are inserted on fine 6 of de last paragraph between the words 'therefrom: and 'arid as Cash'. j. In the first paragraph below the hearing in Edsbit A-3. the word 'Subordnute' is inserted in from of the words 'Mortgage and Saetrhy Agreemertt' on fine 7, and the word'Subordnero' is inserted in front of 'Dead of Trust and Security Agreement' on fine 9. IL On line 3 of the definition for "Claims Disbursement Accent' food in Exhibit A-4, a 'I' is inserted after the words "Reorganization Plan', and 'Section 2.13' Is deleted and replaced with 'Article I'. 1. The following is inserted in the defrition of 'Excluded Property' in Exhibit A.a on the last line, between the words 'personal property. and 'and If* Trust Property - and an Homesite Convects Receivable arising from the sale of such real and personal property if and to the extent that the agreenenb now existing with respect to such Lien require ttet Cumberland Cove, Inc. grant Liens in such Homesite Contracts Receivable to Frst Union. M. On fine 4 of the definition of Lien' in Eldsbit A-4, 'collateral' is deleted end replaced with'condrtional', and 9ease' is replaced with'Fnarxing Lease.' n. The following is added to the fist of definitions in ExtwNt A-4: 'Fnancino Lease': any lease of property, real or personal, the obligations of the lessee in respect of which are rewired in accordrnce with the gerereity accepted accounting Ixinciples In the United States of America to be capitalized on a consolidated balance sheet of Debtor e WW its subsidwies. o �o 0. M the definition of 'Reserve Accords' h Exhsbit A-4, the word 'proposed' is inserted prior to the words 'Division Securties' on 6e 9, and the words Oto be executed after the Effective Date' are inserted after the word C'+ 'Agreement' on fine 13. P. On Ens 2 of the defritim of "Trust Property' in Exhibit A-4, the number C:) '0"1-00999-6082101' b deleted and replaced with '06-01-009-6082101'. ';, This Mortgage was prepared by D a' Paula McDonald Rhodes, Esquire RECORD VERIFIED e�a Carlton, Fields, Ward, Emmanuel, J2FFREY K. BARTON Smith d Cutler, P.A. CLERK CIRCUIT COURT One trarbour Place INDIAN RIVER CO.. FLA Tamps. Florida 33602 THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION CONFIRMED PURSUANT TO THE ORDER ISSUED BY THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN CASE NOS. 90-12231-BKC-AJC, 90-12232-BKC-AJC, 90.12233-BKC-AJC, 90-12234-BKC-AJC, 90-12235-BKC-AJC, 90-12336-BKC-AJC, 90.12237-BKC-AJC and 90-12238-BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE. MORTGAGE AND SECURITY AGREEMENT NO, 1 THIS MORTGAGE AND SECURITY AGREEMENT NO. 1 ("Mortgage"), dated as of August 31, 1992, from GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation ("Mortgagor") having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY ("MHT"), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ("Mortealz ')• WITNESSETH: WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property particularly described in Exhibit A attached hereto and made a part hereof (the 'j r Q") and all buildings and improvements presently located thereon; WHEREAS, pursuant to that certain Working Capital and Term Loan Agreement dated as of March 31, 1992, executed by and among General Development Corporation; a Delaware corporation, now known as Atlantic Gulf Communities Corporation (the 'Comoanv"), certain Banks, as defined therein ( such Banks and their permitted successors and assigns being hereinafter collectively called the 'Banks"), and MHT, as Agent for the Banks, as modified pursuant to that certain First Modification of Working Capital and Term Loan Agreement dated of even date herewith executed by and between the Company and Mortgagee ("Aercement") , the Banks made certain term loans to the Company in the aggregate principal amount of $50,000,000 ("Term Loans') and made and agreed to make certain working capital loans to the Company in an aggregate principal amount not to exceed $20,000,000 outstanding at any one time, on a revolving basis ('Working Capital Loans') (collectively, 'Loans') evidenced by a rrmrzs.7 RETURN TO: M. MORGAN FLAGLERTRLECOMPANY y4 189.' PALM r -EACH LAKES CLVC., 9f25 WEST PALM aEACH, FL M409 J 01 r t .c" series of promissory notes dated as of March 31, 1992, and with a maturity date of December 31, 1994 for the Term Loans and December 31, 1993 for the Working Capital loans (together with any and all modifications, Amendments, replacements, renewals and extensions thereof, the 'Notes') (all capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreement); WHEREAS, as required by the Agreement, Mortgagor has executed certain Guarantees dated of even date herewith for the benefit of the Banks guaranteeing the payment and performance of the Company's obligations under the Notes, the Agreement and all other Loan Documents, as defined in the Agreement ("Guarantees'); WHEREAS, as required by the Agreement, Mortgagor has agreed to provide a first mortgage lien upon the Mortgaged Property (as such term is hereinafter defined) as collateral security for the payment and performance of all of Mortgagor's obligations under the Guarantees. NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, Mortgagor hereby agrees as follows: TO SECURE: a. r1l obligations of payment and perfrrmance by Mortgagor pursuant to the Guarantees ("Guarantee Obligations"), the terms of which are hereby made a part of this Mortgage, including, without limitation, Mortgagor's guarantees of the repayment of principal (including not only existing indebtedness but also all future or additional advances as described in Article 38 of this Mortgage) and payment of interest thereon evidenced by the Notes, and b. the payment and performance of all covenants, agreements, obligations and liabilities of Mortgagor under or pursuant to the Agreement, this Mortgage and all other loan Documents, Mortgagor hereby conveys, grants, assigns, transfers, mortgages and sets over to Mortgagee, all of Mortgagor's right, title and interest in and to the following (collectively, the "Mortgaged Procertv"): The Land TOGETHER with the right, title and interest, if any, of Mortgagor, now owned or hereafter acquired, in and to the streets, the land lying in the bed of any streets, roads or avenues, opened or proposed, in front of, adjoining, or abutting the Land to the anter tine o thereof and strips and gores within or adjoining the Land, the air space and right to use said air space above the Land, all rights of way, privileges, liberties, hereditaments, all easements or = rights-of-way now or hereafter benefitting the Land or the operation of Mortgagor's business ' thereat including, without limitation, those easements granted pursuant to those instruments N N rrmns.� -2- CC) N recorded at the official record books and pages listed on Exhibit B attached hereto and hereby made a part hereof, all royalties and all rights appertaining to the use and enjoyment of said Land, including, without limitation, all alley, vault, drainage, mineral, water, oil and gas rights; TOGETHER with the buildings, structures and improvements now or hereafter erected or located on the Land (the 'Improvements') (the Land, together with the Improvements are hereinafter collectively called the 'Real Estate'); TOGETHER with all and singular the tenements, hereditaments and appurtenances belonging or in anywise appertaining to the Real Estate, and the reversion or reversions, remainder or remainders, rents, issues, profits and revenue thereof, and also all the estate, right, title, interest, dower and right of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both in law and equity, of Mortgagor, of, in and to the Rea] Estate and of, in and to every part and parcel thereof, with the appurtenances, at any time belonging or in anywise appertaining thereto; TOGETHER with all of the fixtures of every kind and nature whatsoever currently owned or hereafter acquired by Mortgagor, and all appurtenances and additions thereto and substitutions or replacements thereof, now or hereafter attached to, the Real Estate (said fixtures of every kind and nature whatsoever, and all appurtenances thereof, are hereinafter collectively referred to as the "Fixtures'), including, but without limiting the generality of the foregoing, all plumbing, ventilating, air conditioning ane! air-cooling apparatus, refrigerating, incinerating, and escalator, elevator, power, loading and unloading equipment and systems, sprinkler systems and other fire prevention and extinguishing apparatus and pipes, pumps, tanks, conduits, fittings and fixtures; it being understood and agreed that all Fixtures are appropriated to the use of the Real Estate and, whether affixed or annexed or not, for the purposes of this Mortgage shall be deemed conclusively to be Real Estate and mortgaged hereby; and Mortgagor hereby agrees to execute and deliver, from time to time, such further instruments (including financing statements), as may be requested by Mortgagee to confirm the lien of this Mortgage on the Fixtures, TOGETHER with all unearned premiums, accrued, accruing or to accrue under insurance policies now or hereafter obtained by Mortgagor and Mortgagor's interest in and to all proceeds of the conversion and the interest payable thereon, voluntary or involuntary, of the Mortgaged Property, or any part thereof, into cash or liquidated claims, including, without limiting the generality of the foregoing, proceeds of casualty insurance, title insurance or any other insurance maintained on the Real Estate and the Fixtures, and the right to collets and receive the same, and all awards and/or other compensation including the interest payable thereon and the right to collect and receive the same (in the alternative and collectively, 'Awards'), heretofore and hereafter made to the present and all subsequent owners of the Real Estate and the Fixtures by the United States, the State of Florida or any political subdivision thereof, or any agency, department, bureau, board, commission, or instrumentality of any of them, now existing or hereafter created (collectively, 'Governmental Authority') for the taking by eminent domain, condemnation or otherwise, of all or any part of the Real Estate and Fixtures or any easement or other right therein, including, without limiting the generality of the N N rr✓rms.r -3- ca 40 40 1/3 EXHIBIT 'A' Indian River County PAR= 13 (FTC PARCEL 2) Easement rights as to the following: A 35 foot by 3S foot parcel in the Northeast Corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book S, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River county, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot S, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. M 1 1/3 EXHIBIT 'A" Indian River County PARCEL 19 (FTC PARCEL 53) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 1B, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follower Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89. 22' 36" Nest, along the North line of the Said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/41 thence South 00" 01' 24" West, along the West line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/41 said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Floridal thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distancest Thence continue South 00. 01' 24" West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21" Weatl thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09° 14' 48'1 departing said platted boundary thence North 00. 01' 24' East, a distance of 54.11 feet; thence South 89. 19. 02" West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lakel thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15. 27" West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00" 01. 25" Went, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/41 thence North 81° 22' 36" East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or less. (AL1 acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following: A portion of that area designated as "PARR", in Block 30 of VERO BEACH HIGHLANDS, UNIT Two, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described an follower Begin at the most Northerly corner of said 'PARR"1 thence run South 29. 42. 00" East, o along the Northeasterly boundary of said "PARR", a distance of 82.5 feet to a point; thence run South 60° 18. 00" west, 133 feet to a point; thence run North 29. 42. 00" O West, 82.5 feet to a point on the Northwesterly boundary of said "PARR"; thence run v' North 60. 18. 00" East, along the Northwesterly boundary of Said "PARR', a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or less. n (All acreage referred to herein is for informational purposes only.) (17 M II 1/3 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follows, COMMENCING at a 3' x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17' 47" East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of "VERO BEACH HIGHLANDS UNIT FIVE", as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41' 37" East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89. 41. 37' East, for 1933.79 feet to the intersection with the westerly right-of-way line of Indian River Farms Water Management District Lateral Canal J -S7 thence North 14° 00. 00" West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89. 42. 34" west for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17. 47" west for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or lees. (All acreage referred to herein is for informational purposes only) L "r EXHIBIT "B" BRF,VARD COUNTY (cont') Property O.R. Book I= WELLS #25 & 26 2923 594 WELL /52, 53 & 54 2923 603 IS FLOW METER 2966 2855 WELL 1#23 2976 2133 WELL 024 2976 2135 WELL /49 2976 2137 WELL A28 2976 2139 RAW MATER MAIN 2976 3196 WELLS #52, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL A27 3008 1187 IS #40 3019 2012 IS #41 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 IS #38 3035 230 LS #34 3040 4701 IS k35 3040 4703 WATER & SEWER MAIN PM 55 3042 1965 IS #24 3071 2588 IS #21 3071 2592 IS #30 3071 2594 IS #25 3073 990 IS #10 3073 993 WELL SITE "D" 3093 3368 IS #27 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS N6 & 7 2478 2798 WELLS R6 & 7 2266 2719 WELLS #11, 12 & 13 1676 696 LS A8 (PART B) 3114 1707 IS #8 (PART A) 3114 1709 FORCE MAIN ILOSP. MALABAR RD. 3119 2153 FORCE MAIN HOSP. MALABAR RD. 3119 2156 FORCE MAIN LIOSP. MALABAR RD. 3119 2159 FORCE MAIN HOSP. MALABAR RD. 3119 2161 FORCE MAIN IIOSP. MALABAR RD. 31'19 2163 FORCE MAIN HOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. - 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 INDIAN RIVER COUNTY O.R. Book P1m VERO SIIORES, IS N1 143 691 VERO HIGHLANDS, IS #1 143 692 VERO IIIGIILANDS, WATER LINES 0658 0539 VERO IIIGIILANDS, FORCE MAIN 0919 2112 CHESSER'S GAP SUB 0933 2263 PELICAN ISL. SCI). WATER LINE 0727 0173 GDU RECORDED EASEMF7V PS WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property particularly described in Exhibit A attached hereto and made a part hereof (the ');aud") and all buildings and improvements presently located thereon; WHEREAS, pursuant to that certain Working Capital and Term Loan Agreement dated as of March 31, 1992, executed by and among General Development Corporation, a Delaware corporation, now known as Atlantic Gulf Communities Corporation (the "Com2m *), certain Tbis Mortgage was prepared by hereinafter collectively called the "DAOks"), and MHT, as Agent for the Banks, as modified pursuant to that certain First Modification of Working Capital and Term Loan Agree hent dated �D RECORD vrFIFIEO the Banka made certain term loans to the Company in the aggregate principal amount of Pauh McDomld Rhodes. Esquire BARTON JEFFREY 550,000.000 ("Term Loans') and made and agreed to make certain working capital loans to the <Ids. Ward, Emmanuel, T CCOURT Carnoo, Fields. CIRCUIT O J time, on a revolving basis ("Working Ca2ital Loans") (collectively, "j&g") evidenced by a Smith 3 Cuder, P.A. INDIAN RIVER CO.. FLA Doe Harbour Place v C.J RF-TU!l.`f TO: M. MORGAN Tampa, Florida 33602 C= THIS MORTGAGE IS GrVEN PURSUANT TO A PLAN OF REORGANIZATION cn CONFIR.titED PURSUA.\-f TO THE ORDER ISSUED BY THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA LY CASE NOS. 90.12231-BKC-AJC, 90.12232-BKC-AJC, 90-12233-BKC-AJC, 90.12234-BKC-AJC, 90.12235-BKC-AJC, 90.12336-BKC-AJC, 90-12237-BKC-AJC and 90.12238-BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABlLrrY PURSUANT TO SECTION 1146(C) OF THE UNTIED STATES BANKRUPTCY CODE. N M M v MORTGAGE AND SECURITY AGREEMENT NO 2 THIS MORTGAGE AND SECURrrY AGREENI NT NO.2 ("I ortea¢e"), dated as 1 of August 31, 1992, from GENERAL DEVELOPMENT UTU rTffS, ]NC., a Florida corporation ("Morteaeor') having an office at 2601 South Bayshore Drive, Miami, Florida CD 33133, to CHENUCAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY (-MHT"), having an officeat 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ("Mortgagee*). WITNESSETH: WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property particularly described in Exhibit A attached hereto and made a part hereof (the ');aud") and all buildings and improvements presently located thereon; WHEREAS, pursuant to that certain Working Capital and Term Loan Agreement dated as of March 31, 1992, executed by and among General Development Corporation, a Delaware corporation, now known as Atlantic Gulf Communities Corporation (the "Com2m *), certain Banka, as defined therein ( such Banka and their permitted successors and assigns being hereinafter collectively called the "DAOks"), and MHT, as Agent for the Banks, as modified pursuant to that certain First Modification of Working Capital and Term Loan Agree hent dated of even date herewith executed by and between the Company and Mortgagee (*Agrccros0Y) , the Banka made certain term loans to the Company in the aggregate principal amount of o 550,000.000 ("Term Loans') and made and agreed to make certain working capital loans to the Company in an aggregate principal amount not to exceed $20,000,000 outstanding at any one time, on a revolving basis ("Working Ca2ital Loans") (collectively, "j&g") evidenced by a TTafl94 3 v C.J RF-TU!l.`f TO: M. MORGAN C° C= series of promissory notes dated as of March 31, 1992, and with a maturity date of December 31, 1994 for the Term Louts and December 31, 1993 for the Working Capital Loans (together with any and all modifications, amendments, replacements, renewals and extensions thereof, the 'Notes') (all capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreement); WHEREAS, as required by the Agreement, Mortgagor has executed certain Guarantees dated of even date herewith for the benefit of the hanks guaranteeing the payment and performance of the Company's obligations under the Notes, the Agreement and all other Loan Documents, as defined in the Agreement ('Guarantees'); WHEREAS, as required by the Agreement, Mortgagor has agreed to provide a first mortgage lien upon the Mortgaged Property (as such term is hereinafter defined) as collateral security for the payment and performance of all of Mortgagor's obligations under the Guarantees. NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration. Mortgagor hereby agrees as follows: TO SECURE: a. all obligations of payment and performance by Mortgagor pursuant to the Guarantees ('Guarantee Obligations'), the terms of which are hereby made a part of this Mortgage, including, without limitation, Mortgagor's guarantees of the repayment of principal (including not only existing indebtedness but also all future or additional advances as described in Article 38 of this Mortgage) and payment of interest thereon evidenced by the Notes, and b. the payment and performance of all covenants, agreements, obligations and liabilities of Mortgagor under or pursuant to the Agreement, this Mortgage and all other Loan Documents, Mortgagor hereby conveys, grants, assigns, transfers, mortgages and sets over to Mortgagee, all of Mortgagor's right, title and interest in and to the following (collectively, the "Mortgaged Prooertv"): The Land ; TOGETHER with the right, title and interest, if any, of Mortgagor, now owned or hereafter acquired, in and to the streets, the land lying in the bed of any streets, roads or avenues, opened or proposed, in front of, adjoining, or abutting the Land to the anter line o thereof and sui s and ores within or adjoining the Land, the air C p g j g span and right to use said ate o space above the Land, all rights of way, privileges, liberties, hereditaments, all easements or 1-0 rights-of-way now or hereafter benefitting the Land or the operation of Mortgagor's business c� thereat including, without limitation, those easements granted pursuant to those instruments c-� ,v rrnrsrr.r W recorded at the official record books and pages listed on Exhibit B attached hereto and hereby made a part hereof, all royalties and all rights appertaining to the use and enjoyment of said Land, including, without limitation, all alley, vault, drainage, mineral, water, oil and gas rights; TOGETHER with the buildings, structures and improvements now or hereafter erected or located on the Land (the "imyrovements") (the Land, together with the improvements are hereinafter collectively called the 'Real Estate'); TOGETHER with all and singular the tenements, hereditaments and appurtenances belonging or in anywise appertaining to the Real Estate, and the reversion cr reversions, remainder or remainders, rents, issues, profits and revenue thereof; and also all the estate, right, title, interest, dower and right of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both in law and equity, of Mortgagor, of, in and to the Real Estate and of, in and to every part and parcel thereof, with the appurtenances, at any time belonging or in anywise appertaining thereto; TOGETHER with all of the fixtures of every kind and nature whatsoever currently owned or hereafter acquired by Mortgagor, and all appurtenances and additions thereto and substitutions or replacements thereof, now or hereafter attached to, the Real Estate (said fixtures of every kind and nature whatsoever, and all appurtenances thereof, are hereinafter collectively referred to as the 'Fixtures"), including, but without limiting the generality of the foregoing, all plumbing, ventilating, air conditioning and air-cooling apparatus, refrigerating, incinerating, and escalator, elevator, power, loading and unloading equipment and systems, sprinkler systems and other fire prevention and extinguishing apparatus and pipes, pumps, tanks, conduits, fittings and fixtures; it being understood and agreed that all Fixtures are appropriated to the use of the Real Estate and, whether affixed or annexed or not, for the purposes of this Mortgage shall be deemed conclusively to be Real Estate and mortgaged hereby; and Mortgagor hereby agrees to execute and deliver, from time to time, such further instruments (including financing statements), as may be requested by Mortgagee to confirm the lien of this Mortgage on the Fixtures; TOGETHER with all unearned premiums, accrued, accruing or to accrue under insurance policies now or hereafter obtained by Mortgagor and Mortgagor's interest in and to all proceeds of the conversion and the interest payable thereon, voluntary or involuntary, of the Mortgaged Property, or any part thereof, into cash or liquidated claims, including, without limiting the generality of the foregoing, proceeds of casualty insurance, title insurance or any other insurance maintained on the Real Estate and the Fixtures, and the right to collect and receive the same, and all awards and/or other compensation including the interest payable thereon and the right to collect and receive the same (in the alternative and collectively, 'Awards'), heretofore and hereafter made to the present and all subsequent owners of the Real CD Estate and the Fixtures by the United States, the State of Florida or any political subdivision o thereof, or any agency, department, bureau, board, commission, or instrumentaliy of any of them, now existing or hereafter created (collectively, 'Governmental Authority') for the taking m by eminent domain, condemnation or otherwise, of all or any part of the Real Estate and Fixtures or any easement or other right therein, including, without limiting the generality of the v w rrn»se.r -3- Cl) r1) foregoing, Awards for any change or changes of grade or the widening of streets, roads or avenues affecting the Real Estate, to the extent of all amounts which may be secured by this Mortgage as of the date of receipt, notwithstanding the fact that the amount thereof may not then be due and payable, and to the extent of reasonable attorneys' fees, costs and disbursements incurred by Mortgagee in connection with the collection of such Awards; provided, however, the lien in the Awards in favor of Mortgagee created pursuant hereto is subject and inferior to the lien granted or to be granted by Mortgagor to secure the funding of S10,000,000 from the Awards into the utility reserve and the corresponding utility program established under the Homesite Program pursuant to Section 7,7 of the Reorganization Plan in the first $10,000,000 in the Awards remaining after (a) payment of fees and expenses incurred in connection with the litigation of such proceedings or other closing costs incurred in connection with the taking or acquisition and (b) repayment of any outstanding indebtedness of the Mortgagor to the Company, in a principal amount not to exceed $4,000,000, plus accrued and outstanding interest thereon; provided that such prior payment of the indebtedness of the Mortgagor to the Company for purposes of this clause (b) shall be permitted only if Mortgagor shall have first certified to the Florida Department of Business Regulation, Division of Land Sales, Condominiums and Mobile Homes ('Division') that, in its reasonable judgment, after payment of such indebtedness, there wi!I be sufficient addition Awards to satisfy the obligation of Mortgagor or the Company to contribute S10,000,000 to the Utility Trust Account pursuant to Section 7.7 of the Reorganization Plan. Mortgagor hereby assigns to Mortgagee, and Mortgagee is hereby authorized to collect and receive such Awards (subject to Mortgagor's right to be paid directly and apply certain Awards as expressly provided by this Mortgage), and to give proper receipts and acquittances therefor and, subject to the other provisions hereof, to apply the same toward the Guarantee Obligations, notwithstanding the fact that the full amount thereof may not then be due and payable; Mortgagor hereby agrees, upon demand of Mortgagee, to make, execute and deliver, from time to time, such further instruments as may be reasonably requested by Mortgagee to confirm such assignment of said Awards to Mortgagee, free and clear and discharged of any encumbrances of any Itind or nature whatsoever; TOGETHER with all right, title and interest of Mortgagor in and to all substitutes and replacements of, and al! additions and appurtenances to, the Real Estate and the Futures, hereafter acquired by or released to Mortgagor or constructed, assembled or placed by Mortgagor on the Real Estate, and all conversions of the security constituted thereby, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the lien of this Mortgage as fully and completely, and with the same effect, as though now owned by Mortgagor and specifically described herein; TOGETHER with all proceeds, both cash and noncash, of the foregoing which may be 0 sold or otherwise be disposed of', a 0 c� v rrOervee.r 4- W W co OR • � . 2/4 EXHIBIT "A" Indian River County PARCEL 13 (F -:C PARCEL 2) Easement rights as to the following: A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6. VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract "F", VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book S. Page 29, Of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D", as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book B, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (AL1 acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded In Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. 2/4 EXHIBIT 'A" Indian River County PARCEL 19 (FTC PARCEL 58) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Townehip 31 South, Range 39 East, Indian River County. Florida, and being more particularly described as follower Begin at the Northeast corner of maid Section 18, Township 31 South, Range 39 East? thence South 89. 22. 36• West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00. 01' 24" Weet, along the west line of the maid East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Floridal thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distancees Thence continue South 00. 01. 24' West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21" Weat) thence westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14. 48'1 departing said platted boundary thence North 00. 01' 24" East, a distance of 54.11 feet/ thence South 89' 19. 02' West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lakel thence Northwesterly, Westerly, Southerly, Southeasterly, Southwosterly, westerly and Southerly meander the. waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4l thence South 89° 15' 27" West, along the South line of the said Southeast 1/4 of the Northeast 1/40 a distance of 97.9 feet, more or less, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4) thence North 00° 01' 25" West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/41 thence North 89. 22' 36• East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or less. (All acreage referred to herein in for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the followings A portion of that area designated as •PARR•, in Block 30 of VERO BEACH HIGHLANDS, UNIT Two, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being wre particularly described an follows, Begin at the most Northerly corner of said 'PARE'; thence run South 29. 42. 00' East, along the Northeasterly boundary of said -PARK-, a distance of 82.5 feet to a point; thence run South 60. 18' 00" West, 133 feet to a point; thence run North 29e 42. 00' West, 82.5 feet to a point on the Northwesterly boundary of said "PARR'; thence run North 60. 18' 00' East, along the Northwesterly boundary of said 'PARK", a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or lees. (All acreage referred to herein in for informational purposes only.) 2/4 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follows, CCMLNCING at a 3' x 3- concrete monument marking the Southwest corner of said Section 31, run North 00. 17' 47- East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of -VERO BEACH HICHI.ANDS WIT FIVE-, as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Floridal thence leaving said centerline, run South 89. 41' 37 - East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEG INNINGI thence continue South 89. 41' 37- East, for 1933.79 fest to the intersection with the Westerly right-of-way line of Indian River Farms Water Management District Lateral Canal J -SI thence North 14. 00' 00- West, along said right-of-way line for 961 51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat# thence North 89. 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.# thence South 00. 17. 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or leas. (All acreage referred to herein is for informational purposes only) s a BREYARD COL7•TY (conr) Property O.R. Book Po -e WELLS #25 & 26 2923 594 WELL #52, 53 & 54 2923 603 IS FLOW METER 2966 2855 WELL #23 2976 2133 WELL #24 2976 2135 WELL #49 2976 2137 WELL 928 2976 2139 RAW MATER MAIN 2976 3196 WELLS #52, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL #27 3008 1187 IS #40 3019 2012 IS #41 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 IS #38 3035 230 IS #34 3040 4701 LS #35 3040 4703 WATER & SEWER MAIN I'M 55 3042 1965 IS #24 3071 2588 LS #21 3071 2592 1S #30 3071 2594 IS #25 3073 990 IS #10 3073 993 WELL SITE "D" 3093 3368 IS #27 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS #6 & 7 2478 2798 WELLS #6 & 7 2266 2719 WELLS #11, 12 & 13 1676 696 IS #8 (PART B) 3114 1707 LS #8 (PART A) 3114 1709 FORCE MAIN IIOSP. MALABAR RD. 3119 2153 FORCE MAIN IIOSP. MALABAR RD. 3119 2156 FORCE MAIN HOSP. MALABAR RD. 3119 2159 FORCE MAIN IIOSP. MALABAR RD. 3119 2161 FORCE MAIN HOSP. MALABAR RD. 3119 2163 FORCE MAIN HOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 INDIAN RIVER COUNTY O.R.Boo Pau VERO SHORES, IS #1 143 691 VERO HIGHLANDS, IS #1 143 692 VERO HIGHLANDS, WATER LINES 0658 0539 VERO HIGHLANDS, FORCE MAIN 0919 2112 CHESSER'S GAP SUB 0933 2263 PELICAN ISL. SCH. WATER LINE 0727 0173 CDU RECORDED EASFMFNIS 0 a 0 t� rn n P-0 C.0 a This Suberdinaro Mortgage w i prepared by Paula McDonaM Rhodes. Esquire RECORD VERIFIED iV Cwhoo, Feld,, Ward, Emmanuel, JBFFREY K. BARTON a� 5 Smith Q Culler, P.A. CLERK CIRCUIT COURT One Harbour Plage INDIAN RIVER CO.. FLA Tampa, Florida 33602 TATS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION cn CONFIRMED PURSUANT TO TILE ORDER ISSUED BY THE UNITED STATES L" BANKRUPTCY COURT FOR 77TE SOUTHERN DISTRICT OF FLORIDA IN CASE r, NOS. 90-12231-BKC-AJC, 90-12232-BKC-AJC, 90-12233-BKC-AJC, 90.12234-BKC-AJC, rn 90-12235-BKC-AJC, 90-12336-BKC-AJC, 90-12237-BKC-AJC and 90-12238-BKC-AJC, AND IS TIIEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF TILE UNITED STATES BANKRUPTCY CODE. SUBORDINATE MORTGAGE AND SECURITY A REEMFNT NO I e N N THIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT NO. 1 � ('Subordinate Mortearc"), dated as of August 31, 1992, from GENERAL DEVELOPASEhT UTILITIES, INC., a Florida corporation (the "Mortgagor"), having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST = COMPANY ('MHT"), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ("Mortgagee"). 771E LIEN ON THE MORTGAGED PROPERTY GRANTED PURSUANT TO THIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT IS SUBORDINATE AND INFERIOR TO TITE LIENS ON TITE MORTGAGED PROPERTY SECURING MORTGAGOR'S GUARANTEES OF THE WORKING CAPITAL AND TERM LOAN INDEBTEDNESS AND ANY REPLACEMENT OF 111E WORKING CAPITAL LOANS NOT TO EXCEED $20,000,000 OUTSTANDING AT ANY TIME AND TO 771E LIEN SECURING THE DEFERRED ADMINISTRATIVE CLAIMS, IF ANY, AS DESCRIBED IN TIIE AGREEMENT, AS DEFINED HEREIN. cm WITNESSETH: c G, WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property ' particularly described in Exhibit A attached hereto and made a part hereof (the " Und") and all W buildings and improvements presently located thereon; C0 CID Trmrn.7 Rg7(I^N TO: AR MORGAN rI:�FG✓,,%PANY ,'. Lf Cu -CH, FL 234,^.9 r U WHEREAS, pursuant to that certain Secured Floating Rate Note Agreement dated as of March 31, 1992, executed by and among General Development Corporation, now known as Atlantic Gulf Communities Corporation (Ne ' omo ny), certain Banks, as defined therein (such Ranks and their permitted successors and assigns being hereinafter collectively called the 'Banks'), and MHT, as Agent for the Banka, as modified pursuant to that certain Secured Floating Rate Note Agreement dated of even date herewith executed by and between the Company and Mortgagee ('Agreement'), and pursuant to the Reorganization Plan (as defined in the Agreement), the Company issue! certain Secured Floating Rate Notes (as defined in the Agreement) to the Banka (together with any and all modifications, amendments, replacements, renewals and extensions thereof, the 'iY=') (all capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreement); WHEREAS, as required by the Agreement, Mortgagor has executed certain Guarantees dated of even date herewith for the benefit of each of the Banka guaranteeing the payment and Performance of the Company's obligations under the Notes, the Agreement and all other Secured Floating Rate Note Documents, as defined in the Agreement ('Guarantees'); WHEREAS, as required by the Agreement, Mortgagor has agreed to provide a mortgage lien upon the Mortgaged Property (as such term is hereinafter defined) as collateral security for the payment and performance of all of the Mortgagor's obligations under the Guarantees. NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the Mortgagor hereby agrees as follows: TO SECURE: a. all obligations of payment and performance by Mortgagor pursuant to the Guarantees ('Guarantee Obligations'), the terms of which are hereby made a part of this Subordinate Mortgage, including, without limitation, Mortgagor's guarantees of the repayment of principal (including the guarantee of not only presently outstanding Notes, but also all future or additional Notes as described in Article 38 of this Subordinate Mortgage) and payment of interest thereon evidenced by the Notes, and b. the payment and performance of all covenants, agreements, obligations and liabilities of Mortgagor under or pursuant to the Agreement. this Subordinate Mortgage, and all o other Secured Floating Rate Note Documents, 9 0 Mortgagor hereby conveys, grants, assigns, transfers, mortgages and sets over to Mortgagee, all of Mortgagor's right, title and interest in and to the following (collectively, the m 'Mortgaged Propr y'): e, tv The Land; CID co rrrrM8.7 -2- TOCETLIER with the right, title and interest, if any, of Mortgagor, now owned or hereafter acquired, in and to the streets, the land lying in the bed of any streets, roads or avenues, opened or proposed, in front of, adjoining, or abutting the Land to the center line thereof and strips and gores within or adjoining the Land, the air space and right to use said air space above the Land, all rights of way, privileges, liberties, hereditaments, all easements or rights-of-way now or hereafter benefitting the Land or the operation of Mortgagor's business thereat including, without limitation, those easements granted pursuant to those instruments recorded at the official record books and pages listed on Exhibit B attached hereto and hereby made a part hereof, all royalties and all rights appertaining to the use and enjoyment of said Land, including, without limitation, all alley, vault, drainage, mineral, water, oil and gas rights; TOGETHER with the buildings, structures and improvements now or hereafter erected or located on the Land (the 'Improvements') (the Land, together with the improvements are hereinafter collectively called the 'Real Estate'); TOGETHER with all and singular the tenements, hcroditaments and appurtenances belonging or in anywise appertaining to the Real Estate, and the reversion or reversions, remainder or remainders, rents, issues, profits and revenue thereof; and also all the estate, right, title, interest, dower and right of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both in law and equity, of Mortgagor, of, in and to the Real Estate and of, in and to every part and parcel thereof, with the appurtenances, at any time belonging or in anywise appertaining thereto; TOGETHER with all of the fixtures of every kind and nature whatsoever currently owned or hereafter acquired by Mortgagor, and all appurtenances and additions thereto and substitutions or replacements thereof, now or hereafter attached to, the Real Estate (said fixtures of every kind and nature whatsoever, and all appurtenances thereof, are hereinafter collectively referred to as the 'Fixture s•), including, but without limiting the generality of the foregoing, all plumbing, ventilating, air conditioning and air-cooling apparatus, refrigerating, incinerating, and escalator, elevator, power, loading and unloading equipment and systems, sprinkler systems and other fire prevention and extinguishing apparatus and pipes, pumps, tanks, conduits, fittings and fixtures; it being understood and agreed that all Fixtures are appropriated to the use of the Real Estate and, whether affixed or annexed or not, for the purposes of this Subordinate Mortgage shall be deemed conclusively to be Real Estate and mortgaged hereby; and Mortgagor hereby agrees to execute and deliver, from time to time, such further instruments Including financing statements), as may be requested by Mortgagee to confirm the lien of this Subordinate Mortgage on the Fixtures; 0 TOGETHER with all unearned premiums, accrued, accruing or to accrue under insurance policies now or hereafter obtained by Mortgagor and Mortgagor's interest in and to M all proceeds of the conversion and the interest payable thereon, voluntary or involuntary, of the Mortgaged Property, or any part thereof, into cash or liquidated claims, including, without 'Na limiting the generality of the foregoing, proceeds of casualty insurance, title insurance or any w other insurance maintained on the Real Estate and the Fixtures, and the right to collect and 0 rrmar.r -3- 1/3 EXHIBIT "A" Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the following, A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract "F", VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract "0", as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book S. Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract "A", SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3), Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, O Florida. V' c1 N N U'. 1/3 EXHIBIT 'A' Indian River County PARCEL 19 (FTC PARCEL 53) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows, Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89. 22' 36' West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/41 thence South 00. 01' 24' West, along the Went line of the said East 20 acres, a distance of 1325.55 feet to a point In the South line of the said Northeast 1/4 of the Northeast 1/41 said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Floridal thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and dintanceel Thence continue South 00. 01' 24' West, a distance of 130.66 feet to a point in a Curve concave to the Southwest having a radius of 435.64 feet, the chard of which bears North 85. 20. 21' Westj thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09' 14' 48'; departing said platted boundary thence North 00. 01. 24' East, a distance of 54.11 feed thence South 89' 19. 02' west, a distance of 71.5 feet, more or less, to the Easterly waters edge of Schumann Lakel thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lase, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15. 27' West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lase, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/41 thence North 00' 01' 25' West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/41 thence North 89' 22' 36' East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or lase. (All acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the followingf 12' A portion of that area designated as 'PARK-, in Block 30 of VERO BEACH HIGHLANDS, WIT TWO, as recorded in Plat Book S. Pages 77 and 78, of the Public Record, of Indian River County, Florida, being more particularly described as follow,, Begin at the cost Northerly corner of said 'PARK -1 thence run South 29' 42. 00' East, along the Northeasterly boundary of said 'PARE', a distance of 82.5 feet to a point; thence run South 60' 18. 00' West, 133 feet to a points thence run North 29. 42. 00' West, 82.5 feet to a point on the Northwesterly boundary of said 'PARE'; thence run North 60• 18' 00' East, along the Northwesterly boundary of said 'PARE', a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or less. (All acreage referred to herein in for Informational purposes only.) 1/3 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being mors particularly described as followst COMMENCING at a 3' x 3' concrete monument marking the Southwest corner of maid Section 31, run North 00. 17. 47' East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of -VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book 8, Page S6, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 09. 41. 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89. 41. 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Farms water Management District Lateral Canal J-5; thence North 14. 00. 00' West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89. 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17. 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or lees. (All acreage referred to herein is for informational purposes only) .s..,. . ,.,.R� z O Q0 N J EXHIBIT "B" RRFVARD COL�'Ty (cont') put WELLS 125 & 26 2923 594 WELL X52, 53 & 54 2923 603 IS FL0W METER 2966 2855 WELL X23 2976 2133 WELL X24 2976 2135 WELL X49 2976 2137 WELL X28 2976 2139 RAW MATER MAIN 2976 3196 WELLS X52, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL X27 3008 1187 LS X40 3019 2012 IS 141 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 IS X38 3035 230 IS X34 3040 4701 LS X35 3040 4703 WATER & SEWER MAIN PAI 55 3042 1965 IS X24 3071 2588 IS X21 3071 2592 LS X30 3071 2594 IS X25 3073 990 IS X10 3073 993 WELL SITE "D" 3093 3368 IS 127 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS X6 & 7 2478 2798 WELLS X6 & 7 2266 2719 WELLS 011, 12 & 13 1676 696 IS X8 (PART B) 3114 1707 LS X8 (PART A) 3114 1709 FORCE MAIN IIOSP. MALABAR RD. 3119 2153 FORCE MAIN IIOSP. MALABAR RD. 3119 2156 FORCE MAIN IIOSP. MALABAR RD. 3119 2159 FORCE MAIN IIOSP. MALABAR RD. 3119 2161 FORCE MAIN HOSP. MALABAR RD. 3119 2163 FORCE MAIN IIOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRFSS 3189 4019 GAS LINE EASEMENT 3189 4064 INDIAN RIVER COUNTy Q.R.Book FM VERO SIIORES, LS X1 143 691 VERO IIIGHLANDS, IS X1 143 692 VERO HIGILLANDS, WATER LINES 0658 0539 VERO IIIGILLANDS, FORCE MAIN 0919 2112 CI(ESSER'S GAP SUB 0933 2263 PELICAN ISL. SCII. WATER LINE 0727 0173 GDU RECORDED FA FMFN'L'S C./Cjo Thi, Subordinate Mortgage, prepued by r q C� Paula McDonald Rhodes.a, Esquire JEFF RECORD �EO . BARTONCulton, Fan eld,, word, Emmanuel, CLERK CIRK AR Smith At Corder, P.A. INDIAN RIVER C SAT One Hubour Placa CO.. F Tampa, Florida 33602 THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION CON MNIED PURSUANT TO THE ORDER ISSUED BY THE UNITED STATES BA,ti'KRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN CASE NOS. 90-12231-BKC-AJC, 90-12232-BKC-AJC, 90.12233-BKC-AJC, 90-12234-BKC-AJC, 90.12235-BKC-AJC, 90-12336-BKC-AJC, 90-12237-BKC-AJC and 90-12238-13KC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE. SUBORDTNATE MORTGAGE AND SECURITY AGREESTENT NO, 2 TT11S SUBORDINATE MORTGAGE AND SECURITY AGREEMENT NO. 2 ('Subordinate Mortgnee"), dated as of August 31, 1992, from GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation (the 'Mortgagor'), having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY ('MHT'), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ('Mor gaeee'). THE LIEN ON THE MORTGAGED PROPERTY GRANTED PURSUANT TO TMS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT IS SUBORDINATE AND INFERIOR TO THE LIENS ON THE MORTGAGED PRWERTY SECURING INTORTGAGOR'S GUARANTEES OF THE WORKING CAPITAL AND TERM LOAN INDEBTEDNESS AND ANY REPLACEhTENT OF THE WORKING CAPITAL LOANS NOT TO EXCEED $20,000,000 OUTSTANDING AT ANY TIME AND TO THE LIEN SECURING THE DEFERRED ADMLN-ISTRATTVE CLAIMLS, IF ANY, AS DESCRIBED 1N THE AGREEMENT, AS DEFINED HEREIN. WITNESSETH: WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property particularly described in Exhibit A attached hereto and made a part hereof (the 'Land") and all buildings and improvements presently located thereon; rrm 7.3 RETURW 70: M. MORGAN rt/Gc'^ 177LE COP fPANY :.t r, --'CH U..KF_S ELVV-. 0125 FL 33409 J CPI t WHEREAS, pursuant to that certain Secured Floating Rate Note Agreement dated as of March 31, 1992, executed by and among General Development Corporation, now known as Atlantic Gulf Communities Corporation (the 'COMM '), certain Banka, as defined therein (such Banka and their permitted successors and assigns being hereinafter collectively called the '&nkt'). and MHT, as Agent for the Banka, as modified pursuant to that certain Secured Floating Rate Note Agreement dated of even date herewith executed by and between the Company and Mortgagee ('Agreement'), and pursuant to the Reorganization Plan (as defined in the Agreement), the Company issued certain Secured Floating Rate Notes (as defined in the Agreement) to the Banks (together with any and all modifications, amendments, replacements, renewals and extensions thereof, the'Notes') (all capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreement); WHEREAS, as required by the Agreement, Mortgagor has executed certain Guarantees dated of even date herewith for the benefit of each of the Banks guaranteeing the payment and performance of the Company's obligations under the Notes, the Agreement and all other Secured Floating Rate Note Documents, as defined in the Agreement ('Guarantees'); WHEREAS, as required by the Agreement, Mortgagor has agreed to provide a mortgage lien upon the Mortgaged Property (as such term is hereinafter defined) as collateral security for the payment and performance of all of the Mortgagor's obligations under the Guarantees. NOW, TIIEREFORE, in consideration of the premises and for other good and valuable consideration, the Mortgagor hereby agrees as follows: TO SECURE: a. all obligations of payment and performance by Mortgagor pursuant to the Guarantees ('Guarantee Obligations'), the terms of which are hereby made a part of this Subordinate Mortgage, including, without limitation. Mortgagor's guarantees of the repayment of principal (including the guarantee of not only presently outstanding Notes, but also all future or additional Notes as described in Article 38 of this Subordinate Mortgage) and payment of interest thereon evidenced by the Notes, and b. the payment and performance of all covenants, agreements, obligations and liabilities of Mortgagor under or pursuant to the Agreement, this Subordinate Mortgage, and all o other Secured Floating Rate Note Documents, 0 Mortgagor hereby conveys, grants, assigns, transfers, mortgages and sets over to t Mortgagee, all of Mortgagor's right, title and interest in and to the following (collectively, the as 'Mortgaged Prooertv'): N The Land; ' w to TT. V.r -2- TOGETHER with the right, title and interest, if any, of Mortgagor, now owned or hereafter acquired, in and to the streets, the land lying in the bed of any streets, roads or avenues, opened or proposed, in front of, adjoining, or abutting the Land to the anter line thereof and strips and gores within or adjoining the Land, the air space and right to use said air space above the Land, all rights of way, privileges, liberties, hereditaments, all easements or rights-of-way now or hereafter benefitting the Land or the operation of Mortgagor's business thereat including, without limitation, those easements granted pursuant to those instruments recorded at the official record books and pages listed on Exhibit B attached hereto and hereby made a part hereof, all royalties and all rights appertaining to the use and enjoyment of said Land, including, without limitation, all alley, vault, drainage, mineral, water, oil and gas rights; TOGETHER with the buildings, structures and improvements now or hereafter erected or located on the Land (the 'improvements') (the Land, together with the Improvements are hereinafter collectively called the *Real Estate'); TOGETHER with all and singular the tenements, hereditaments and appurtenances belonging or in anywise appertaining to the Real Estate, and the reversion or reversions, remainder or remainders, rents, issues, profits and revenue thereof; and also all the estate, right, title, interest, dower and right of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both in law and equity, of Mortgagor, of, in and to the Real Estate and of, in and to every part and parcel thereof, with the appurtenances, at any time belonging or in anywise appertaining thereto; TOGETHER with all of the fixtures of every kind and nature whatsoever currently owned or hereafter acquired by Mortgagor, and all appurtenances and additions thereto and substitutions or replacements thereof, now or hereafter attached to, the Real Estate (said fixtures of every kind and nature whatsoever, and all appurtenances thereof, are hereinafter collectively referred to as the 'Fixtures'), including, but without limiting the generality of the foregoing, all plumbing, ventilating, air conditioning and air-cooling apparatus, refrigerating, incinerating, and escalator, elevator, power, loading and unloading equipment and systems, sprinkler systems and other fire prevention and extinguishing apparatus and pipes, pumps, tanks, conduits, fittings and fixtures; it being understood and agreed that all Fixtures are appropriated to the use of the Real Estate and, whether affixed or annexed or not, for the purposes of this Subordinate Mortgage shall be deemed conclusively to be Real Estate and mortgaged hereby; and Mortgagor hereby agrees to execute and deliver, from time to time, such further instruments (including financing statements), as may be requestedby Mortgagee to confirm the lien of this Subordinate o Mortgage on the Fixtures; TOGETHER with all unearned premiums, accrued, accruing or to accrue under insurance policies now or hereafter obtained by Mortgagor and Mortgagor's interest in and to ry all proceeds of the conversion and the interest payable thereon, voluntary or involuntary, of the — Mortgaged Property, or any part thereof, into cash or liquidated claims, including, without Z7 - limiting the generality of the foregoing, proceeds of casualty insurance, title insurance or any limiting CD other insurance maintained on the Real Estate and the Fixtures, and the right to collect and rrirrsn.s -3- receive the same, and all awards and/or other compensation including the interest payable thereon and the right to collect and receive the same (in the alternative and collectively, 'Awards'), heretofore and hereafter made to the present and all subsequent owners of the Real Estate and the Fixtures by the United States, the State of Florida or any political subdivision thereof, or any agency, department, bureau, board, commission, or instrumentality of any of them, now existing or hereafter created (collectively, 'Governmental Authority') for the taking by eminent domain, condemnation or otherwise, of all or any part of the Real Estate and Fixtures or any easement or other right therein, including, without limiting the generality of the foregoing, Awards for any change or changes of grade or the widening of streets, roads or avenues affecting the Real Estate, to the extent of all amounts which may be secured by this Subordinate Mortgage as of the date of receipt, notwithstanding the fact that the amount thereof may not then be due and payable, and to the extent of reasonable attorneys' fees, costs and disbursements incurred by Mortgagee in connection with the collection of such Awards; provided, however, the lien in the Awards in favor of Mortgagee created pursuant hereto is subject and inferior to the lien granted or to be granted by Mortgagor to secure the funding of SI0,000,000 from the Awards into the utility reserve and the corresponding utility program established under the Homesite Program pursuant to Section 7.7 of the Reorganization Plan in the first 510,000,000 in the Awards remaining after (a) payment of fees and expenses incurred in connection with the litigation of such proceedings or other closing costs incurred in connection with the taking or acquisition and (b) repayment of any outstanding indebtedness of the Mortgagor to the Company, in a principal amount not to exceed 54,000,000, plus accrued and outstanding interest thereon; provided that such prior payment of the indebtedness of the Mortgagor to the Company for purposes of this clause (b) shall be permitted only if Mortgagor shall have first certified to the Florida Department of Business Regulation, Division of Land Sales, Condominiums and Mobile Homes ('Division') that, in its reasonable judgment, after payment of such indebtedness, there will be sufficient addition Awards to satisfy the obligation of Mortgagor or the Company to contribute SI0,000,000 to the Utility Trust Account pursuant to Section 7.7 of the Reorganization Plan. Mortgagor hereby assigns to Mortgagee, and Mortgagee is hereby authorized to collect and receive such Awards (subject to Mortgagor's right to be paid directly and apply certain Awards as expressly provided by this Subordinate Mortgage), and to give proper receipts and acquittances therefor and, subject to the other provisions hereof, to apply the same toward the Guarantee Obligations, notwithstanding the fact that the full amount thereof may not then be due and payable; Mortgagor hereby agrees, upon demand of Mortgagee, to make, execute and deliver, from time to time, such further instruments as may be reasonably requested by Mortgagee to confirm such assignment of said Awards to 0 Mortgagee, free and clear and discharged of any encumbrances of any kind or nature whatsoever; rn TOGETHER with all right, title and interest of Mortgagor in and to all substitutes and tv replacements of, and all additions and appurtenances to, the Real Estate and the Fixtures, hereafter acquired by or released to Mortgagor or constructed, assembled or placed by Mortgagor on the Real Estate, and all conversions of the security constituted thereby, — immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, Trm 3 -4- 2/4 EXHIBIT 'A' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights na to the following: A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit NO. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book B, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein In for informational purposes only) PARCEL 16 (FTC PARCEL 251 WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being In the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. O G� .7 N c� N 2/4 EXHIBIT "A" Indian River County PARCEL 19 (FTC PARCEL SB) SEBASTIAN RICHLANDS WASTE WATER TREATMENT PLANT A parcel of land located In the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as followae Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89° 22' 36" West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00° 01' 24" West, along the Went line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances; Thence continue South 00. 01' 24" West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21" West; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14. 4B"; departing said platted boundary thence North 00" 01' 24" East, a distance of 54.11 feet; thence South 89. 19' 02" West, a distance of 71.5 feet, more or leas, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Laks, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27" West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or leas, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00° 01' 25" Went, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89. 22. 36" East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or lees. (All acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following; A portion of that area designated as "PARK', in Block 30 of VERO BEACH HIGHLANDS, UNIT TWo, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described an follows;' Begin at the most Northerly corner of said -PARR"; thence run South 29. 42' 00" East, along the Northeasterly boundary of said "PARK", a distance of 82.5 feet to a point; thence run South 60. 18' 00" West, 133 feet to a Point; thence run North 29. 42. 00" West, 82.5 feet to a point on the Northwesterly boundary of said "PARK"; thence run North 60. 18' 00" East, along the Northwesterly boundary of said "PARR", a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or lees. (Ali acreage referred to herein is for informational purposes only.) a O Q1 co W 1/4 EXHIBIT 'A' Indian River County PARCEL 21 (FIC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County,,Florida, being more particularly described as follows, COMMENCING at a 3' x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17' 47' East for 175.36 feet along the Nest line of said Section 31, being also the centerline of 6th Avenue S.N., as shown an the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Floridan thence leaving said centerline, run South 89. 41. 37' East, along a line parallel with the South line of said Section 31, for 40.00 feat to the POINT OF BEGINNING! thence continue South 89. 41' 37' East, for 1933.79 feet to the intersection with the westerly right-of-way line of Indian River Fame Nater Management District Lateral Canal J -Si thence North 14. 00. 00' went, along said right-of-way line for 961.51 feet to the intersection with the Easterly Prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said platy thence North 89. 42' 34' west for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.w.J thence South 00. 17. 47' Nest for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or lees. (All acreage referred to herein in for informational purposes only) L9 EXHIBIT "B" BREVARD COUNTY (cont') Prooerl O.R. Book ED= 143 WELLS 125 & 26 2923 594 WELL 152, 53 & 54 2923 603 IS FLAW METER 2966 2855 WELL 23 2976 2133 WELL 124 2976 2135 WELL 149 2976 2137 WELL 128 2976 2139 RAW MATER MAIN 2976 3196 WELLS 152, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL 127 3008 1187 LS 140 3019 2012 LS 141 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 LS 138 3035 230 IS 134 3040 4701 IS 135 3040 4703 WATER & SEWER MAIN PM 55 3042 1965 LS #24 3071 2588 IS 121 3071 2592 IS 130 3071 2594 IS #25 3073 990 LS 110 3073 993 WELL SITE "D" 3093 3368 IS 127 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS 16 & 7 2478 2798 WELLS 16 & 7 2266 2719 WELLS 111, 12 & 13 1676 696 LS 18 (PART B) 3114 1707 LS 18 (PART A) 3114 1709 FORCE MAIN lIOSP. MALABAR RD. 3119 2153 FORCE MAIN HOSP. MALABAR RD. 3119 2156 FORCE MAIN ]IOSP. MALABAR RD. 3119 2159 FORCE MAIN lIOSP. MALABAR RD. 3119 2161 FORCE MAIN lIOSP. MALABAR RD. 3119 2163 FORCE MAIN IIOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 INDIAN RIVER COUNTY O.R. Book PiZL VERO SHORES, IS 11 143 VERO HIGILLANDS, LS 11 143 VERO HIGIILANDS, WATER LINES 0658 VERO HIGIILANDS, FORCE MAIN 0919 CIIESSER'S GAP SUB 0933 PELICAN ISL. SCII. WATER LINE 0727 CDU RFCORDFD EASEMFNi'S 691 692 0539 2112 2263 0173 I INSNS FORM M`T•1 O UNIFORM 1 rLEVEr ALL MIOAUATUM.H AV -r an M"W Sq^ 'MyHa"A Mr•'^e an'L.r Cf0'n . 2. C w F.'" WI IM 1Y K"nuM Y FAA' 11 ur1VM•IrT •.... r.owe.r'e STATE OF FLORIDA CODE — FINANCING STATEMENT — OLe*DR I W I nw r•m.r • nrRax N.ME FERAL DE4'E nRLMn ITCZX=, LIC., 1A a Florida corporation 1 MAILIROADDRESS 2601 Bayshore Drive Cm \li=i STATE Fl 33133-5461 4 ..nn.nrwrm nr ANTI M1ul ro.•,FnInAMa •� NAME i t8 Z MMIINp ADDRESS >, pTl STATE OE MYli10.L MGTOR Di AMq N•I M•M•Lglrl•EMenl MAYE 1C MAILIxa ADDRESS • CDT STATE SIACE loo USE OF noxa OrFKER T.n. xYMew a Fnnp oRc. ubn &chedule �t�heorhhereof and made a Ix MARa ADDRESS 200 Jericho Quadrangle On Jericho STATE N.Y. 11753 - MYLTRESECUREDRARN pFRxq NMx•M•fmur•Ma••I NAME 1981 j �71 RETURN TO. M. MORGAN FLAGLER TITLE COMPANY 1897 PALM BEACH LAKES BLVD., 5125 WEST PALM BEACH, FL 33409 ZB MAM1Ma ADDRESS AYdI CT NAME 3 MAIUNO ADDRESS STATE RECORD VERIFIED JEFFREY K. BARTON CLERK CIRCUIT COURT INDIAN RIVER CO.. FLA CTT STATE 4. T"n {I"A .O STATEAIW. H• IM IOIIpwxrE lTp•• M IMM• el plapMT IM<NY. p...... M el ry•I ppnrl, en IrM e..H el n[ypNMrnurrWl li ngr•ROK•r\IKulr•p. HIKn •OC'IgnH •In•n eN ,11• SEE EXHIBIT A-1 THRoUGH A- 3 ATfACHFII HEREiID AND HERESY MADE A PART HERECIF. H SEE ALSO EXHIBIT B ATTACHED HERETO AND HEREBY MADE A PART HEREOF. n VACATE J J� Co Wim IC .R o � r�I •- y n NH erge'twrw 5"nn M,rnln' �N rNN� ..p -.III fINNNI rl ++ll •OIOAAaax".MHv rlHro mn Wrwp FryreNw wm+w•.'r. ....+s.lw eon pra a •.�1 m 0 �.o i. Ic"K "�i`i%'�'ior recording'ui ! w .a IMNr o«Ir11Mnl.n slw T.. n Ibl nmm0 eal a..tate-record ; x w . rnn Lulwnl n MK.msul M• e•SIRINgrMlun b MKI • •Kunly Inwnl M ep"•nln NrKR O •1 ql 10. IC"KL O n.e) E8 ORmMI•uplM 1p•NCMIb InIHNIM•Wlnw lurlbklbnwM"nwn HKb"unp M.W. ❑/pKlKnnnmrnnnrp moor r -I ✓ Q 1DD� NtHgn cnprEM b Mn n•n. rp RgpyLIL el COe.IMI •n [Mop - A Q ❑ .nNn N p%•nI O11N P1QML1 Cen•Nnl pnCnen •eP• In.MCn • •Kurllr MI•npl NI pMKIIp d IFa ' V 0 h", hat Mp•N. 11. SIaxATYREm os DieroRnl � �p ❑ KewN mw A FnpyA a IwM. MHxlry, w ewpw•u rmrpmn pl Mr GENERALL,1 DEVEVJPMENT UTILITIES,DN` 2 ❑eKrord ❑NCw•ppH11. �__ l /,� f-� �ii.� STANDARD FORM — FORM UCC -1 71117, y: n UCC EXHIBIT 'B' Indian River County _ PARCEL 13 (FTC PARCEL 2) Easement rights as to the following: A 35 foot by 35 foot parcel In the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHI.Af1D5 UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida.. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATKENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS VNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book B, Page 29, of the Public Records of Indian River County, Florida. o O tJ L� N CJ1 G: Ucc EXHIBIT "B' Indian River county PARCEL 19 (FTC PARCEL SB) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows: Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South B9. 22' 36' wase, along the North line of the said Northeast 1/4 of of the said East TO Section 18, a distance of 657.45 feet to the Northwest corner acres of the Northeast 1/4 of the Northeast 1/4; thence South 00. 01' 24' West, along the West line of the said East 20 acres, a distance of 1325.55 feet to a Point In the South line of the said Northeast 1/4 of the Northeast 1/4; said aidIn e pintlat also 6,beage 36A, the Northwest corner of Sebastian Highland, Unit 9, e Public Records of Indian River County, Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances: Thence continue South 00. 01' 24" West, a distant: of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21" west; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14' 48'; departing said platted boundary thence North 00. 01. 24' East, a distance of 54.11 feet; thence South 89. 19' 02' West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to te South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' West, along the South line of the said Southeast 1/4 of the h Northeast 1/4, a distance of 97.9 feet, more or less, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00° 01' 25' West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89. 22' 36" East along the 3.15 t to the nt of 29.10Nacres11moreaori lessee (All 7acreage ereferred toiherein e is l for informational containing nformational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the followings A portion of that area designated as "PARR", in Block 30 of VERO BEACH HIGHLANDS, UNIT O TWO, as recorded in Plat Book 5, Pages 77 and 78, of the Public Record@ oL Indian tD River County, Florida, being more particularly described as follow@: Begin at the most Northerly corner o1 said 'PARR'; thence run South 29. 42. 00' East, along the Northeasterly boundary of said 'PARR', a distance of 82.5 Leet to a point; ti 133 Leet to a point; thence run North 29. 42' 00' thence run South 60° 18' 00' West, West, 82.5 feet to a point on the Northwesterly boundary of said "PARR'; thence run North 60. 18. 00' East, along the id 'PARR'. a distance of Northwesterly boundary of a 133 feet to the Point of Beginning, containing 0.25 aeras, mote or leas. (All acreage referred to herein is for informational purposes only.) 40 ft DCC EXHIBIT 'B' Indian River County PARCEL 21 (FIC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follows: COMMENCING at a 3" x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17. 47' East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book B, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41. 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNINGI thence continue South 89. 41. 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Farms Water Management District Lateral Canal J-51 thence North 14. 00. OO- West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89. 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17' 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or less. (All acreage referred to herein in for informational purposes only) IF ,—G INSTPUfgNI: 1 1, PLEASE TTVE ALL INFORMATION. na .qn wln yn w.11 en "ii hi To "FAR. RAN CNKw CwNL .)H 1 Chi F." OAKx b M wMGM a wnNM• nAynm— • •. N STATE OF FLORIDA - - UNIFORM COMMERCIAL CODE - FINANCING STATEMENT - FORM UCC -1 REV. 1991 THIS FINANCING STATEMENT I\ OMnIIA01. • fill, ."I" 10.11111E CXAFI M IO 1M Uh11nm COmmnClAl Ce01: R tun NFrrn Flnl I A FMwI..tFACE FM LET M MING OFFYEROFAfO ..ME DwELOPmENT UrILNrIESE Im., IA a Florida corporation MAILING AOORESS 2601 Bayshore Drive Cm ,1.shTIi !TATE ri 111114Q6i- MULTIPLE OEITOP IIF ANn ILMIMMNF.nIn. %nV^I NAME 1B MAILING ADORES! Cm STATE MUInPLE oiEroR nF.Nn NLN N\M Fwnn\PFnCn NAME 1C MAILING ADDRESS Cm STATE tFIN. r RETURN TO: Al. MORGAN FLAGLER TITLE COMPANY 1997 PALM BEACH LAKES BLVD., 5125 WEST PALM BEACH, FL 33409 RECORD VERIFIED JEFFREY K. BARTON INDIAN CIRCUITERK IIAN Ft VERCO. FLA BY' r STANDARD FORM - FORM UCC -1 MAILING ADORES! Lam' I.- w � 200 Jericho Quadrangle • � • E DITN jericbQ MMLb RESECVAEOEA.1 OFF", NLIbMEMId\EMO^I NAME AND HEREBY MADE A PART HEREOF. 29 •� " ^ S AUDIT uro.TE IF p MAILING ADDRESS 2 O M V N SI Zll MONNI \ DOc~AFF ST. Tu MMI sish, Cm STATE 9. iNNWWhhAh,N"hq.lnwlMeMroh.NgNhN\rofIH1.C1AM vlN ImMn INxWFWM MMMA 0.I.x 1I FNIFmisa.On\a ❑O.eIMnAMMmIAI^Q Hhn. 6 AlSIGN[E OE SECMED PMA PMMTI GPn M.M Fnn e. Pi iii VAL,ATION INFORMATION C7 O NAME W... "wh w Ie I N nx\ CD ❑.hKh l\OIOC.w\OIIM OnQMn CM.IMIONChpw.0P.1^.ANN \.Kun1.InIMn ..\QMwtw. Ej, E.1 MANINOADDPESS Q.. IO.Ms. VIA M." A. NQM 11. $XIM�ANI IyhOF D/E�ETOMMI 11 CT' STATE ❑KOVVw.hn.CAMQ\e1 nYn.,,xn11T.TCONMl.1. nNC1VNYIIM uCJYLtYW DY�+^.����E 4• Ol q\IOgMrIYM.^N^IOLHw A1 NNGSTA This FINANCING a JBY: ^MNQVVM Ign\\M11I NQVNw.H,wN wOAiIgnTH1^IMeN IM•nplgn P.mm len m' Paula NcDcnald Rhodes BY' r STANDARD FORM - FORM UCC -1 w � HImOGH SEE EXHIBIT A-1 TiTACF® • � • HFREM AND HEREBY FADE A PART HEREOF. SEE ALSO EXHIBIT B ATTACHED HERETO a a AND HEREBY MADE A PART HEREOF. •� " ^ S Proe n enNE nalw s IAM en Tm.w en Tro.Fs. _Yoe lh ,e.• ctnm4v As 7. 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NQM 11. $XIM�ANI IyhOF D/E�ETOMMI 11 ❑KOVVw.hn.CAMQ\e1 nYn.,,xn11T.TCONMl.1. nNC1VNYIIM uCJYLtYW DY�+^.����E y,�'• 0 do AN JBY: T3- P.mm len m' Paula NcDcnald Rhodes T.— � N � BY' r STANDARD FORM - FORM UCC -1 r SCHEDULE 1 TO THE UCC -1 FINANCING STATEMENT, NAMING GENERAL DEVELOPMENT UTILITIES, INC., A FLORIDA CORPORATION, AS DEBTOR, AND CHEMICAL BANK, A NEN YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED BELOW, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEd/F.NT DATED AS OF MARCH 31, 1992, AMONG GENERAL DEVELOPMENT CORPORATION, NOW KNOWN AS ATLANTIC GULF COMMUNITIES CORPORATION, A DELAWARE CORPORATION, AND THOSE CREDITORS NAMED BELOW OR THEIR PREDECESSORS IN INTEREST, AS MODIFIED. 1. Manufacturers Hanover Trust Company, 7. First Boston Special Situations now known as Chemical Bank Fund, Inc., as successor in 270 Park Avenue interest to New York, New York 10017 Lehman Spm Seances, Inc" as successor in intent to 2. Chemical Bank Carteret Savings Bank, F.A. 270 Park Avenue 12 East 49th Street New York, New York 10172 32nd Floor New York, New York 10017 3. NationsBank of Florida, N.A., as successor 8. Berliner Handels-Und by merger to NCNB National Bank of Florida Frankfu55 East rter 59th Street 400 North Ashley Drive Tampa, Florida 33602 New York, New York 10022 4. NationsBank of Georgia, N.A., f/k/a and the successors and assigns of each The Citizens and Southern National Bank of the foregoing 400 North Ashley drive Tampa, Florida 33602 5. Pearl Street L.P. 85 Broad Street, 27th Floor New York, New York 10004 6. Midland Bank PLC, New York Branch 156 West 56th Street New York, New York 10019 ITIM60-3 UCC EXHIBIT 'B' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the f011Owing: A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A'. SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian. Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. CD t9 Q1 G� N Cil CJl UCC EXHIBIT "8" Indian River County PARCEL 19 (FTC PARCEL 50) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located 1, the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows; Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89. 22. 36" West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00' O1' 24" West, along the West line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances; Thence continue South 00' 01' 24" West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21" Went; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14' 48"; departing said platted boundary thence North 00. 01' 24" East, a distance of 54.11 feet; thence South 89. 19' 02" West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or less, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00. 01. 25" West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 890 22. 36" East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or less. (All acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following; A portion of that area designated as "PARE", in Block 30 of VERO BEACH HIGHLANDS, UNIT C3 TWO, an recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described as follows; .G" Begin at the most Northerly corner of said "PARE'; thence run South 29° 42' 00" East, along the Northeasterly boundary of said "PARE". a distance of 82.5 feet to a point; thence run South 60. 18' 0o" Went, 133 feet to a point; thence run North 290 42. 00" C') west, 82.5 feet to a point on the Northwesterly boundary of said "PARE"; thence run Ln North 60. 18' 00" East, along the Northwesterly boundary of said "PARE", a diet ance of Lrl 133 feet to the Point of Beginning, containing 0.25 acres, more or lase. N (All acreage referred to herein in for informational purposes only.) DCC EXHIBIT "S" Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follows: COMMENCING at a 3' x 3• concrete monument marking the Southwest corner of said Section 31, run North 00. 17' 47^ East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of "VERO BEACH HIGHLANDS UNIT FIVE•, as recorded in Plat Book B, Page 56, of the Public Records of Indian River County, Florida; thence leaving said Centerline, run South 89. 41' 37• East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89. 41' 37• East, for 1933.79 feet to the Intersection with the Westerly right-of-way line of Indian River Farms Water Management District Lateral Canal J-5; thence North 14. 00' 00• West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89. 42' 34• West for 1696.35 feet to the Intersection with the Easterly right- of-way line of *aid 6th Avenue S.W.; thence South 00. 17' 47• West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or less. (All acreage referred to herein in for informational purposes only) Li'�' Y� ' i i MAR ,175 STAii t'Jr `.-,,:IDA COUNTY . 1'. iS 1 TO CERTIFY THAT THIS FSS P.I!r! CC. RL'T C7�Y OF I I•I ��i:i Glhi4L ON Fila. IN i!i6 OFF::. JEFFREY K. 6ARTDt,I, CLERK - dY—�-� D.C. DATE La`� l•SY_�SS� _ _ WILLIAM BEVAN, AREA MANAGER FOR GENERAL DEVELOPMENT CORP. APPEARED INFORMING THEBOARD THAT IN 1958 GENERAL DEVELOPMENT RECORDED A PLAT OF VERO BEACH HIGHLANDS _ UNIT 2 AND AT THAT TIME THEY DEDICATED A PARK SITE TO THE PERPETUAL USE OF THE PUBLIC. SINCE THAT TI14E THIS PARK SITE PROPERTY HAS BEEN EXEMPT FROM COUNTY TAXES AND A COMMUNITY CENTER WAS BUILT ON THIS PARK PROPERTY, MR. BEVAN STATED THAT SINCE THIS PROPERTY WAS DEDICATED TO THE COUNTY IT SHOULD BE THE RESPONSIBILITY OF THE COUNTY TO MAINTAIN IT. MR. BEVAN STATED THAT THERE IS NO DEED CONVEYING THIS PROPERTY TO THE COUNTY AND THE COUNTY ACCEPTING IT. ,. COMMISSIONER SIEBERT SUGGESTED THAT THIS PARK BELONG TO THE PROPERTY OWNERS ASSOCIATION, BUT MR. BEVAN STATED THAT THE PROPERTY OWNERS ARE TOO FEW AND COULD NOT MAINTAIN THE PROPERTY AND THE BUILDING. ATTORNEY COLLINS STATED THAT IF GENERAL DEVELOPMENT CORP. MADE REPRESENTATION TO THE PUBLIC THAT THE PROPERTY WOULD REMAIN AS A GENERAL DEVELOPMENT CORP. PARK, THEN THEY WOULD HAVE TO CONTINUE TO MAINTAIN IT. COMMISSIONER SIEBERT STATED THAT ACCEPTING THE PLAT DOES NOT MEAN THE COUNTY ACCEPTED THE PARK, THAT IS WHY THERE IS NO DEED ON RECORD. THIS PROPERTY IS STILL OWNED BY GENERAL DEVELOPMEN-, CORPORATION. MR. BEVAN STATED THAT IF THE STATE LAND SALES BOARD FINDS THAT A COMMUNITY PARK WAS PROMISED TO PURCHASERS OF PROPERTY, HE WILL WITHDRAW HIS REQUEST THAT THE COUNTY ACCEPT THIS PARK. HE SUGGESTED THAT THIS MATTER BE TABLED UNTIL HE CHECKS WITH THE STATE LAND SALES BOARD. ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER MASSEY, THE BOARD UNANIMOUSLY AGREED TO TABLE THIS REQUEST UNTIL MR. BEVAN CHECKS WITH THE LAND SALES BOARD, COMMISSIONER WODTKE VOLUNTEERED TO ATTEND A MEETING WITH TH, PROPERTY OWNERS AND MR. BEVAN WILL NOTIFY HIM OF WHEN THE NEXT ONE IS SCHEDULED, AT THE SPECIAL MEETING ON FEBRUARY 27, 1975, THE BOARD ACCEPTED TWO INSURANCE PROPOSALS, ONE WAS FROM ARDEN INSURANCE SERVICES AND THE OTHER WAS FROM WARREN T. ZEUCH INSURANCE AGENCY, I 0 BOUT( 22 pv.; 81 - DIM-1tIM D[sD NO. 898 MKIDA 711:01709 las "DANT FUND Or THE STAT: Or FLORIDA, GRANTOR sisals District ---- - - - - - mtyoC Sndian_River State of Florida G7tANTEF. Soctka f of Ciupter 18M ues of Fiords. Acts er 1977. title en the Stab of rlorldti Lnd the sad Stale by said Sectlon a a" all rid had, through the Tvuateea of the latsroal lrnpeo.eownt m by said Trostees of the Internal lmprorement rund. the I" derrlbed was offered for axle on tba26 dal of Xarch , 1991 . t - r"Y'c,"the aad'huatees having secepted the hl;hr.t arded the ria of the Laid lead to the person nuking such bd. said I; Tbmfom That the State of Florida, theou[h the T7uetere Of the Int.real ander authority of Section 9 of Chapter MX V" a mF1kwr�,� e aocun nt of. fifteen -Hundred Twenty/Nine amd 700 00 oalpt of which Is hereby sckm ledged. have granted, bLrgai nd errLin, aell and Convey all of the right title and Interest of the of Chapter Inn unto the sad GRANTEE, it%.* , suocavors I had, slltat , bleu and being in the County of Indian ,R17er utd described by Stab aM County tag Lok cartlAutr town: I Ser. Tb. Re. Ae. a.ra e 26 33 39 40.54 130.00 .ase canal) 26 33 39 40.58 130.00 'ract 15 26 33 39 10. 32.50 2 (lona canal) 36 33 39 19.33 45.00 7 36 33 39 19.78 50.00 cc canal) 36 33 39 38.47 8C.00 9 36 33 39 79.11 200.00 36 33 39 40. 100.00 ^act 14 (lees 26 33 39 30. 97.50 .' Tract 14 (leas 26 33 39 10.54 32.50 ,as canal) 36 33 39 36.38 100.00 Ing V of Lat. J )1 33 40 35.40 53.10 31 33 40 80.2 120.00 Ing Y of Lat. J 31 33 40 21.42 99.10 27 33 39 40. 130.00 Tract 7 27 33 39 20.72 65.00 tet 7 27 33 39 20. 65.00 1 �" Fm y�� Sb2k U8 W100 E tbeew Y teeea'red into the abate of r xeLdL the tltl to as emd sided we half of all pehx eedaets, aad title to ra ®d eded tLeea+ foartd of an otbw mineral whkh may be fo=d $24 weather With the pdyDnw mb&iio any memSdpA.M. Mae data wwqb for aed ta eama BaSd a to ewpkg% me and may? 1s to be eodmfad can and Bahr elpaBb. tbY data mb with tis m t otthe eozfia�y i 7d v � , ertalde at say t V. u d !h4 data ew thrY m(o the State d t toed titbt d tsy. term hwdred feet (200) feet wide, Wnl eatery a each vide of ' Mata sed eedvttq tb at. d tlaa drd theowde r reek d -W iatoat hecwta er beamed (100) Get of rad eats' line. ( tip antes ersatd aad deacmed promisee —to the rN CEANTEX —& it x Dvewreq aL to �armaroa d Battle, 0 at Captar IUM afw%aA ..,[a0.'ialdTtasew d the )nterel fa,pro emat rd d the abate, d r"saa Lan teed Mmod the off -dol veal d ,M Trwveeae, and Lan eased the av4 Of tSe (SOW d rlorida to be bew,,b mob, 4 at the Cuttak In the GV of !"APft 3O1"' +--•. -Via•.--. ,, d(nzni7f 1t�'AA�j(�N;: �e�re�nfL. �•'r . ��y �• � r! (u<fa (RaIJ \rA.W =L14 Ptt ((9L74 O tOatCVL14A7 Med Qo b ` 1 • r t. { v=or v uw run r ,t,,t;� rued and reertdwd 7Cs� 16r 1951•c m� ALL -. m w Imdur to me6v ted )Gd• taoide� (4) AS r, Ali E tbeew Y teeea'red into the abate of r xeLdL the tltl to as emd sided we half of all pehx eedaets, aad title to ra ®d eded tLeea+ foartd of an otbw mineral whkh may be fo=d $24 weather With the pdyDnw mb&iio any memSdpA.M. Mae data wwqb for aed ta eama BaSd a to ewpkg% me and may? 1s to be eodmfad can and Bahr elpaBb. tbY data mb with tis m t otthe eozfia�y i 7d v � , ertalde at say t V. u d !h4 data ew thrY m(o the State d t toed titbt d tsy. term hwdred feet (200) feet wide, Wnl eatery a each vide of ' Mata sed eedvttq tb at. d tlaa drd theowde r reek d -W iatoat hecwta er beamed (100) Get of rad eats' line. ( tip antes ersatd aad deacmed promisee —to the rN CEANTEX —& it x Dvewreq aL to �armaroa d Battle, 0 at Captar IUM afw%aA ..,[a0.'ialdTtasew d the )nterel fa,pro emat rd d the abate, d r"saa Lan teed Mmod the off -dol veal d ,M Trwveeae, and Lan eased the av4 Of tSe (SOW d rlorida to be bew,,b mob, 4 at the Cuttak In the GV of !"APft 3O1"' +--•. -Via•.--. ,, d(nzni7f 1t�'AA�j(�N;: �e�re�nfL. �•'r . ��y �• � r! (u<fa (RaIJ \rA.W =L14 Ptt ((9L74 O tOatCVL14A7 Med Qo b ` 1 • r v=or v uw run r ,t,,t;� rued and reertdwd 7Cs� 16r 1951•c r(.=,CL12S cti,c•-IT CC--tS .Lra 1 • r r �' OFrC& RECORRD EASEMENT " 1 • •-02 11:(flt:f-1 Vero !Each H10aandf_ 11 A Fetraa->•9i_ n� I1tt1 ht, _54 - 21-1 Vlll %I, Lift Station 2-1 (.1 %1 It%L I)t:\KI(11'SII:%T 1111.11 IC+ IM 15.,•.l u,.. IL n 1. 11. Ida..1, 1 L.nl., (. wu". " 1..........LGbe .2 t6 1� nr r.. .... 1'. lti, .d SI n.. ;r ur l•-., ...le ,I ..I .. .I .•.r ..d...lA.o,....L•.den,., L.h ...� I�.v m. ,.1, w.•. ,+n SSSS .rel rb..� L.L b..; !Ln e.th ,., e•.nr . rel to � ro .n.l . ... Ilr nthl m nnf a rm Lr. ^rue lnr. ..I r .pp vtrn.n.� '•• .mh a..•.bm al. r..l'r.r'1. 4.,V tn..nrl. sal th- ight M Ir. nnr tt--.naJm.+a~J ,...Lnr. ahh. .. P.1. ..L.. nl .r,l• Le. tn..ry 1. rel thn e.rnrn) rr am Mhn . .n -.m . • ;.. .. al... r. n1ht b. urf, h.ni aryl 1..p .Lvr tee., 4n.h. pa.. an.l nn1-rte... th that m,cht rnI,n,* tlr...... ;r... 1n n,. oC.....m.md men.' -mase• rel .ael ,.nlih .Mrn..e, r,n rwm lrrgv.Ty and tknniMl u I..,'I...... A oort!en of t^.at area :.-:rat•: as Park in Plo.k 3J cr .0 °-acre aa --co^!.: In Fiat ?eta 5 a: ?a:- "a of the Public r. -cora of l.-.aar..'.1r-r. _ounty. Florida. t -en: -ore partltalarly :-.cr:o-1 lr fello-,; P -Pin at the Inst \orth-rly corner or sail Park; to-nc- r4n S2404VOO'E avers tee hnrt),easterly Eoun Ery of satd Para, a ,11.etanc- of A2.5 •---t to a point; theme• ran :.6J°19':1'?•• 133 fest to a noirt: trrnc- run V2904210()e-. +2.5 -r-t to A M60°19'00.5 alone the lorth.r-at-rly homdary of sltd =ars, a distance of 133 feet to the Point of Pagim.in4, eentA'r.tr9 0.25 acres non or less. In dw• prtsmce of; STATE OF FLORIDA AND COVN7T OF I HERESY CERTIFY that bdve the. s. tMtaAL O9MOPSAOiT COer0eAVOM RS.e *•_�� Asstataot Srcretsrr XPIMIUM xMw As i cue seempaq, or General Derdopee st Corporatlnq a oorponfbe or)Pttaed tmdee the La..s of the State d' Ile 1—re so me ism, b he the prions ducfbed Is sad who eacuI the roeedo6g fmtrmrnt and sertraRy a3e°.4da•d t� �.....•..m �..°r to be ".rir !Tx ace r+d .!r -d r e--4 rt—+. ftr 0- nom, cant • �r�'-ie _ . f . seed that they amatd that to the Af I sed of add awrc adore sal that said hntrlunem b the act sad deed d asW °apeeetis %'rt _-A r.a-e.t rl V -0 re —t��O.r��. 142_ 14n "Ase. 5otr d tails .1 lops /�ll2.i •�1t_1 YT l/1:,J�fa�- e Y- re.06Ino. Yeti 19, I961_Nra f.6h, der s/. /iesss a Leer I a Nlaev-, corporation CP . RESTRICTICWS TC A40M IT RAY CMWX . . . . . eine . . MZFA 3. GCNERAL DEVnnp,, HT CC.-,pCRATIGN. a Delaware Corporation, tIt,.rL,.d to transact NJ st-1919 In !Inr Ida, is the a r of the f011eefial ... ribed pr,P-rtY, Sit -Its- lyloo end m1w in I'dt"' RlV'r C.Mty' ;:;,H HICKLANW, UKIT 2. A nbdivilinm 11 Ile -Am ZcAAaty. Florida- to the -plat tharanff-- fqcord.d In P! -t S,,k 5, at pages 77 and " If the ptmi-c I.c.ris of lmtan River County, Florld., WEREAS. the Property &hc,f* doserlhad 11 net Saki1-Ct to S-Y.1`"%TScU~ oj rel,a.dl and. it Is now 4ostred by CENMRAL D°rl.CPRENT CMPMATrW to Pill; r.1trictiIns and f retard as t, each and ".,y of the /at$ latItmf in VETO HIGHLA,S$ '.1;IT 2. excepting ther.ftee, the Park &"4 leasi ed in Black 3C and tn iteitt the use for.titch .'ch and vr,!" of the !at, located in V!RC BEACH 'ICKI.A.-W, UNIT 2T 711MUCREo GZNBAL DZVEMPMUT CCRPOKATION, a Niagara corporatlons der, hereby Cee lays that each and an,*,y of the let., exeeptieq. therefrom. the park .r.. lot4ted In Black 3C located In the follamlr4 &'arlbod pmp.rty, situate. .,vim and "Jove In Indian It", 6unty, Florida, to felt, V-0 n,,N H13MAAD5, UNIT 2. A wbdivLst" in Indian River :mnty. Florida. according to the plat tSeeaft recorded in Plat Book 0. at P-915 77 And '71, of �4- PhIL, Records of jm 3., River Coonty, Flo-11dai are h*re%y-f-.p -let' tctims and limitatilm, — are--_ - .r ad ., fall ., and all of Botch restr jot.ndod to to and shall be take. a. A c ... ld*ratl,n for any Agreement for dead or any dead of cdaveys;ice hereafter mad a. and am of the express conditions thereaff rStjjd,;rS liitatiois am Intended to bs,7K"&"Sh&IL'b@ t21t@"# eav,nents to run .1th the land. ra shakl be as f.Il.-S1 to lilt. Each emd'wmry of the lata altuatod In said VERO BEACH HIGROND7. UNIT 2, excepting. therefrom. the park area located In Black 30 shall be Inces, anddescilbtd as reslde;" lots. and ne 'atmctIre ',hall be ionotructod- . or erected an arry 'rewidenco building lot other then on, datached'single family difilling not to excescr two stories in %eight, and a on, or t;P) car 2 He building shalif be MK ted an ainterior ny of the Intior late in YM.'BEAM 1RIGHLAND9I UNIT 29 nearer then twenty flVe (25) foot to Me front lot lima of said lets', nor Bearer tharieannen and em half (7j) feet to any 6MdAt RECORD ohne a1 zt389 "Ida lot 11th, nor NHH than tent• flyb (37) fall to tb aVH�lel line} of as i! 1Ms. ?a <erner Sels ne Dy4ldfuq shall b .»lick Nam than aenty ! fly (25) !.•t is the irort lot 11" of e.t4 lots. our nearer. than flftHn SID) feet to tl.. old, let 11th stottinq the street. Nr nearer than t.enty five (9) fart t0 the rear lot line of olid lets. far the purpose of this eeve�wt.aaaw. deck ,to,, and opo Porches stall net N tonalMrd as a part of • bul Shcrq. p+�/S h9.rr.r. that this Shall net be mnslfved to per.it any portlm of hsilding nn a Int to e11'70aeh upon another let. ' 1. Nr ridden -e lot shall re reaubdl�lded Snt- building lets havltq leu than seven !.:maand_!lve hpndred (7.Df^) aware-feet_,er n.etr.�a.•Sa9Lo�ihLLhm.—_- a.+•aty five (7D) ta•t sEthe -•I:il:v+buSTdiid'ZtiaLt-ifFr� ah�Il-ion/ , hullding ee erected m a" resid.nee 'building let having an oras of less than s1< hmdred (Nkl) sq.an feet for a one (t) story sulldlng, ner'iks� thanliven - suet -.t (7ry') Swore tut (grnuM ane) for • deal,," OFWor- 6-- one (1) j •+ A. llock 3C locate' in VM -C BEACH NICICACI, l3ilT 2 is reserved !or the !e1 U.Sng 1. ccs nity -arks, recraattm centers, playgrounds and the blldlnes necessary far Noe vis (mb11- ass.at•ly tulldings). 2. 4oidenttal use in cmfemance .tth other sectiem of tMso ' re.trt-t3-ns. I. Ne-aasa-Y utility ease^.ents sod utility tutldlua7a..--- D. Nr trailer. basa•ent, tent, shack, parago. Darn or other-wt='ot ldlnq HecleC m any int >hall at 8" he ucsd as a residence, tercorartly or per.anentlys_ n•r shall any nstdmce of a temporary character to pomitted. 5. Nn frMbSdual •ell dll N pe+ittd on any lat..ithln_UI s_rvld!vt don eaeepR - fur L-rtge!ton, s.i�lnn pool, or air condittming- This restriction shall be en 'r.o.m, so larsg a the utility sYstr is operated to the u!Sstartlen of the - 5tate Board of Health. 7. Na sign of any kind shall be displayed to the Public 'its'" any lot. entapt �^'T"�1"'„'onl (1) profmteNl sign of net scare Nan one (lj a";r- jaot, or eN A)`}lq of net sora than five (D) square'teet advertising the property for 5410 eF rmt. or signs used by a builder to advertise N0 prepertY during Na censtn ctim aha sales period. - _ - • ..,.: - ;-i'; :?. M. No 011 drilling. all �d0lepslnt ipnttm� ail'YeflMngy �gHr7lrq er.Intnq « .. '- evocations of serf, kind shall be p0 Itted upon H In M.j• lel: Nr-thall. eFt,.01L.. •..a tanks, tunnals, eirnrsl esemtiurror'ahaft, b peiwitfd upon or in a,ry�aL. No derricks dr other stmcty o designed tar use in boring for oil H nee reel qhs--'-*? i .i. shall be eroeted.'ialntatned eibenelLt�d npari arty lot: - - (2) . - 1 a.3.J'•w• t�.i :..:a.i5l:a+n?rn. •fwi�y" �l'�"�sr-:a41 sS, :s.CM_LX+7r. i ... r _ 3 ff 1 f i ' . t ,; OFFICUIL RECb�D ` .•� -- halo •seapt hat deaf. cab or rther household pats say N kept, croetdd that they are not Hpt. brei or "Intaino. for any eocsa i, porgase.• 1C. No lot'shall be used me Mintatnd as a dumping gr?md far rubbish. Trash. garbage or other erste 0a11 not be kept except !n unitery <ehtelmrs. Al! t Snclmiatara or :iMr eaulpm fit for tee iterage'or dlspoaltion of web 'starts, • shall be sept in a dean and sanitary condition. - 11. Ns building shall be orietd on and residence lot until the design and locsticn Nereus he sxen apprwd. Sn m,iting. by a cws•Stteesppolntd by C AMAl- _ .pcYay+ps•-�,^(f 'SSP7lAT 10Ms a IYlewere-eeeparatl•an, a eland by a rlert!v-s1-tJre o.nera if the property first hereinabove deseribedl Prevldds b-1- in tb event such C.Itte, if not in existence. a falls to oppr.sas er di.."rm4 mach r than web appe,.1 •ill net be reWired. design or location slthln thirty (3C) days. p,tded the desoea ign fnd ltlen of the lot eonfam to and are in harmony with ' • aalsting atrv-tu: es an the lots first h.relnabove described- In any ua, �t hrr .Fth or wt Neu! .pproe.I of the cov lttve. the colt of fold »aitlance shall vt less than ST.f^I:•�"'. bud upon not 1;..Is prevslllM +n the data of !h. racerfation +f these restriction't and the ground floor square fest of and - hu11d1rq ilall net be less than six hundred (W) square feet In the ease of A eta story stvetcre, we less than are hundred (7M) 'quare feet (ground area) Sn the ease of a om and one half or bo story strveture. 12. N.+ fent., wall or hedge or shrub planting which obstructs slobt lines at I.- vrtiens Mt.een top (2) and six (b) feet abwa the road.aya shall be placed nr ynittd to 'chin m any earmr lei .ithln the 'trlanevll s, -!0.1 d'•r -t street property llm$ and a 11m came ctlM Nam at potnts t.enty ft— (25) feet fr on the Snte-soction of the street isms. er in the case of • rounded property sight It. lieitatlons $hall apply •on any lot wtthin ten (10) feat free the I torNatlon of:s, street property Jim with the edge of a drlvv ay or alley paawnent.: Na tree still he Permitted to rosutn .•!Nin sues d1slandsot rveh '• Snters.cU on unless the !ollags ISm > maintained at sufficient Might to prevent n 'obsWction, of dch sight It"$.. — 1 f3. - Tho eafmaenta shown on thi'plat or estd YE110 SUCH MOND UNIT 2.-raeaded in .. Plat look 5, at'pagos 77 and 7R of the public Reels a ef, Indian Rleer h'natyr Florida. err. hereby reservd for GESf9AL DEYt3lRVFM RApQtAT20R for utility _ SnftsllStIM and ndntemMs, 1'A. TbeN covenantsl� n;trfctienssars•ta tun .tN,Na l&nd. and shell N binding m {t i • all the parti.e.srd ,all persons claiming vnder them unt Jam la 1964. at nhich time laid aor.nants.,and restrictions *Shall Ntautically M extended for sgeeeeeive ry'1,+ (3)..'r •: � beriada of tan �10) Tan.. Sialefi.by inti .d i ar7orlq, at the : taYaatlolt_; _ _ __.:eu.�.�: ..... u.a•.L�,rdl�kasO &PCIAI. RECORD s_ Chen owoera of the lets. St to agreed to charge said covenants to ehele or. Se Part. Ih. In lh. overt of • violation or breach of any of these restrictions N any peeler, _ or . onc•rn clal*tog by, thrnu,h er uMer GvSNMAL DcV1CPV£fr-MPbtATI_I1. cr Fy vl: tu. of rmf Judicial o: r... JLga GEN -MAL DEVELCM r COPFCWICH, aM tho 3Ot u.as•ra, or arty of the+ Jointly or severally. shall hove the right to Pieeeed at Iv or inenul :y to co•oel a eowpllane• with the t.6, hereof or to prevent v th• vlolatlen or breach of any of then. In additlom to the forryolog. GENAL ' -_V-LA Wr G:.eitRATlsfa, shall have the right eshanevef therf-ah111 her leen - tullt in any lot amy structure which is in vlofation of these restrictions, to i enter urcn the property *hers such violation exists and avmartly orate or rrr..va .h..a•• .t th. e•p•nu of the carver, and iurh entry and aF N.e-sot yr r,v•vrl sha:l n,t be 0,,.d • tt.snass, The fallura to amf.rc• any right, r, - r e•MStl On cintilned In this deelarstlon cf restrictions, hovrvar lnno mntima.d. shall not `e d.1,,d a •a1v-r of the rtgh; to do an thereafter as to the sane b..aeh Or at to a :each cecurring prior to or subaetvent ther.to . sM slsall nit bar or affect Its enforCn nt. 16. Invalldallon of any ooe o! these covenants by Judg went, decree or ^. curt order . Y shall In nowise affect any of the other Provisions .hIch shall re.ain In full fore' am effect. IM .TTY;.;.; eN_.°CF, GEY�TAL DccV:L P Err CCRPORATIDfr, a Delaware corporation. ' r has •rvsM the.. present. to he executed M Its proper Officers, ,bo are thereunto duly auth:artzed and Its corporate seal to be affixed. at Vianl. Dade Cevnty.,` _ ___--F3nrtdaZ!sts 'd'eGd�r[ [...r--sna : - GENE -ML DtV°LCF%'--1T CCAPCRATICN., a 1q Its President y� )y�•• ••'''c'+ Attests o IIrts secretary -- lei— r s r t:sa::a �? '•s'v i RE - ' -_ -- - - .-til •�3x- - •/ • ZAT_ OF FLORIDA; __--__..__._ _____ - - .- cMW, ' OF 'JIDS i +) /3 - at 'thls.S dry /� �.. 1999, b.f0» w Nan of 7— ' 1 ilER1Py WTIFT _ MCKU. Sac' t.rT. F.E. MWQJI. JR. and E.J. M+idant+Id r lly appaaied el:D L pcyFlFYa�1!T CWPOIATICII; • D.3aaa» ceiperatlen. to as - r.specti»ST. n *� [naan to iw the p.nen, d.serSbad in and .be .+.ut'd the ferpotnq-ln.0 uPA` t N. e,autlnn Irwf to N their I-- yrtAnflieaza. end aaaarallT-a<kmal.d9ed effleara for thi'v+aa and porPosn. Noratn rMlenad. an ad.ct, and daod a wCh the effleld +aal of ,a1E eorpOn[1en. and Nat tN�-T that ti..q affivad Nor.fa -- . add inatr.wnt St Ne net and *ad elf said ter0Titlbn.—' .')I C� { official wal at rim,. Sn the Cuey of Dad. _ ATN° -3 •Y, +39^aturs and •^ state of Florida. Ne day and year last a!ortutd. - and `7Akti111 • . t At - Notary Nbll I. a1d{,�Lr�.• • 4 i F Cominien arpi».,%✓ �. {'..p 1 "�+�' + 5,�'. Y` �y � yet ��51` yIy ] 1 •.�.,y. i J4A ia.��_Q`i►'+f'YS4r-�w�tW'n'•T o 265413 p D MIMAL DEVEWMEHT CORPORATION ) A Del.ware Corporation ) To '"'NOH IT :AT CCNCER.v AlatarL RM:v,C ewwa.c tcv,u@I GDeec�v"t Cpppsay UI711 DECLARATION OF COVENA.yfS AVD RES?RICTIONS THIS DECt.AAATION, Slade this -46E day of iYortNtGP. 1980 by GENERAL DEVMCPMM CORPORATION, a Delaware corporation, its successors and assigns, hereinafter jointly referred to as 'Developer". W I T N E S S E I H: %'MLvAS, Developer is the owner of the real property described in Schedule@ "A", "B" sad "D" attached to this Declaration and desires to create thereon a planned residential community with recreational areae, open spaces, greenbelts and other common facilities for the benefit of the said community; and VHEREAS. Developer desires to provide for the preservation of the values in said cos®tnity and for the maintenance of said open spaces, green- belts, and other coenon faeillties; and to this end, desires to subject the real property described in Schedules "A", "B" and "D" together with such additions as may hereafter be made thereto (as provided in Article II) of the Covenants, and Restri,tlons, hereinafter set forth, each and all of which is and are for the benefit of said property and each ower thereof; and WHMM S, Developer has deemed it desirable for the efficient preser- vation of the values in said comvunity, to create an agency to which should be delegated and assigned the powers of maintaining and administering the community properties and facilities and administer'ng and enforcing the covenants and (r ' restrictions and collecting and disbursing the assessments and charges herein- after created; and WHPRRPAS, Developer has incorporated under the laws of the State of p Florida, as a non-profit corporation, VERO BRACH HIGHLANDS PROPERSf OWNERS' h � ASSOCIATZOA, INC. for the purpose of exercising the functions aforesaid. R q � NOW T®tEPORE, the Developer declares that the real property described In J 5Schedules "A^, ^B^ and ^D" and each eddicione thereto as may be made pursuant to i Article ZI, hereof, Ss end shall be held, transferred, sold, conveyed and A W � FN occupied subject to the covenants, restrictions, easements, charges and liens (sometimes referred to as "Covenants and Restrictions-) hereinafter set forth. JRA 4 r d 0bIIPAR Ik0k ARTICLE I. DEFINITIO`75 Section 1. The following words, when used in this Declaration or any Declaration (unless the context shall prohibit), shall have the following meanings: (a) "Association" shall Bran and refer to VERO BEACH HICHLA.RDS PROPERTY C% -;YRS' ASSOCIATION. INC. (b) "The Properties" shall scan and refer to all such existing pmperties. and additions thereto. an are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof. (c) "Common Properties" shall ran and refer to those areas of land shown. described In this Declaration and intended to be devoted to the common use and enjoyment of the owners of The Properties. as more fully described on Schedule "B" attached hereto. (d) "lot" shall man and refer to any plot of land which is presently show upon any recorded subdivision asp of The Properties. or which my hereafter be platted or otherwice created. with the exception of Common Properties as heretofore defined. (e) "Living Unit" shall man and refer to any portion of a building situated upon The Properties designed and intended for use and occupancy on a residence by a single family. (f) ^!felt Sfemily Structure" shall man and refer to any building containing two or more Living Units under one roof except when such Living Unit is situated upon its own individual Lot, such as cluster homes. (g) "Ower" shall man and refer to the record owner, whether one or more persons or entities, of the fee simple title to any lot or Living Unit but notwithstanding any applicable theory concerning a mortgage encumbering any Lot or Living Unit, shall not man or refer to the mortgagee unless and until Such mortgagee has acquired title pursuant to foreclosure or any proceeding in lieu of foreclosure. (h) -Member" shall mean and refer,to all those Owers who are members of the Association as provided in Article III, Section 1 hereof. ARTICLE II p1tOPERTr SUBJECT TO THIS DECLARATION: Section 1. Existing Property. The real property which is, and shall be, -2- held, transferred, sold, cones led, and occupied subject to this Declaration J. located in Indian River County, Florida, and is sore particularll described as follovar Lots and blocks situated in the folloving Plate a• show m Schedule "A" attached hereto, to—wit: P£AO BEACH HIQUhQDS MT ORE, according to the plat thereof recorded in Flat Book 5 at Page 19 of the Public Records of Indian River County. Florida. VERO BEACH HICBI.VmS OBIT IVO according to the plat thereof recorded in Flat Book 5 at Page 77 of the Public Records of Indian River County. Florida. VERO BEACH HIC1UAlfDS UMT THREE according to the plat thereof recorded in Plat Book g at Page 37 of the Public Records of Indian River County. Florida. VM BEACH HIGHLANDS CHIT FOUR see ording to the plat thereof recorded in Plat Book B at Page )g of the Public Records of Indian River County, Florida. VERO BEACH RICM.A.VDS UNIT' FIVE according to the plat thereof recorded in Plat gook g at Page 56 of the Public Records of Indian River County, Florida, and The tracts or parcels of land as sore particularly described in Schadule "D" attached hereto. all of vhich said lots and tracts shall hereinafter be referred to as "The Properties". Section 2. Common Properties. The properties described in Schedule "B" attached hereto, shall be referred to as Common Proplerties, be dedicated as recreational and/or park areas and for ingress and egress and for drainage and that the use of said common properties be restricted and devoted to the common use and enjoyment of the overs of "rhe Properties" as herein defined. Section B.- Additions to Existing Property. Additional land my became subject to this Declaration in the following manner: (a) AMitlons. Upon approval in writing of the Association pursuant to a vote of its members as provided in its Articles of Incorporation, the over of any property who desires to odd to the acbeme of this Declaration and to subject it to the jurisdiction of the Association my file or record a Supplemental Declaration of Restrictions. ' (b) Mergers, Upon a merger or consolidation of the Association with another association as provided in its Articles of Incorporation, its properties, righty and obligations my, by operation of law, be added to the properties, _3_ WWbIIN144b rights and obligations of the Association as a surviviog corporation pureuxnt to a merger. The surviving or consolidated •ssocist ton say administer the covenants and restrictions established by this DeeLTation within the Existing properties except as hereinafter provided. ARTICLE III IWMERSMp AMD "T110C RIGHT" IM -,'HE ASSOCIATION Section 1. Membership. Every person or entity who is a record Owner of a fee or undivided fee interest in any Lot or Living Unit which is subject by these covenants of record to •ssesasant by the Association shall be a member of the Association, provided that any such person or entity who holds such interest merely as a security for the performance of an obligation shall not be a member. Sectio, 2. voting Rights. The Association shall have two classes of voting membership. CLASS A. Class A members shall be all those owners as defined in Section 1 with the exception of the Developer. Class A members who are current in the payment of their maintenance aseesements shall be entitled to one vote for each Lot or Living Unit in which they hold the interests required for member- ship by Section 1 of this Article. When more than one person holds such interest or interet^.a to any Lot or Living Unit, all such persons shall be members, and the vote for such lot shall be exercised aI they among themselves determine, but in no event shall more than one vote be cast with respect to any such Lot or Living unit. CLASS a. Claes a members shall be the Developer. The Class a member shall be entitled to three votes for each Lot, trert or parcel of land in which it holds the Interests regoired for membership by Section 1 of this Article and for every Living Unit in any Multifamily Structure owed by it until such unit is first sold. provided that the Class a member.tip shall cease and become converted to Class A Membership with all voting rights of Claes "Ap Membership on the happening of the following event: When the total votes outstanding in Class A membership equal the total votes outstanding in the Class a membership; and the Developer is prepared to convey title to the Common properties as provided in Article Iv, Section 2 hereof. From and after the happening of this event, the Class 3 member shall be deemed to be a Class A member entitled to one vote for each Lot or Living -4- W61 I pla 1491 hit in which it holds t" interests required for membership under Section 1 of this Article. For purpose of determining the votes alloyed under this Section vhen Living hits are counted, the int or Lots upon vhich such Units are situated shall not be counted. Section J. Turnover. Likevtse, upon the happening of this event, or at such earlier date as the Developer may determine, a meeting of members shall be called for the purpose of electing officers and directors, the then officers and directors shall submit their written resignations, the Class A members shall elect their own officers and directors and assume control of the corporation. Provided, hoyever, than so long as General Development Corporation is the ower of one Lot or Living Unit or tract or parcel of land included in the said Properties. it shall be entitled to appoint one member of the board of Directors, who shall be removable and replaced only by the Developer. The Developer can turn over control of the Association to members by calling a meeting for the election of any directors prior to the time it Duns fewer than 25% of the Lobs, in its sole discretion, by causing all of its appointed directors to resign. At such time as the Developer's directors resign or the Developer is otherwise obligated to turn over control of the Association or call the first meeting of members for the election of directors, it shall be the affirm- ative obligation of the members to elect directors and assume control of the Association. Providedatleast 30 days notice of Developer's decision to cause its directors to resign or CO hold the first meeting for the election of directors is given to members, neither the Developer nor such directors shall be liable in any manner in connection with such resignations even if the members refuse or fail to assume control or to attend such meeting. Within a reasonable time after members first elect the members of the Board of Directors of the Association (but not more than SO days after such event), the Developer shall relinquish control of the Association and shall deliver to the Association all property to be awned -or controlled by the Association then held by or controlltd by the Developer. Notwithstanding the foregoing, the Developer may vote in respect of its lots at all meetings .of members whether annual or special. _5_ I _ aI'Ipa Section 4. quo, Etcept as Provided in Article V, S"ctians 5 � and 6 h,reo[, the presence at any regular or special meeting of members entitled i I to cast, or of proxies entitled to cast, one-third of the combined "tea of both 1 ' Classes of membership shall constitute • Quorum for any •<[Son governed by the I Articles of Incorporation or by the syLawe of this Corporation. I I ARTICLE -III A I ADDITIONAL ML'BER.c Prior to turnover of control of the Association, the Developer alone may admit to membership. persons other than the record owners of lots described In Schedules "A" and "D" and shall determine the initiation fee for such membership. Such members shall pay the same assessments as other Clue A members. After M control has been turned over to the members, the Association may, by majority r vote of its members at a meeting duly called for that purpose, admit to mcm- bershlp, persons or entities who are record owners of lots adjoining or in the vicinity of those lots more particularly described in Schedules "A" and "D" attached hereto, and the Association shall itself determine the initiation fee, but such new members shall be considered Class A members and be responsible ,17p for the same assessments as other Class A members. I. ARTICLE Iv pROPERTr RIGHTS IN THE COMMON PROPERTIES IMSection 1. Members' Easements of Enjoyment. Subject to the 1� provisions of Section 3, every Member subject to assessments as provided in Article V, Section 4 hereof. shall have a right and easement of enjoyment in and to the Common -Properties and such easement shall M appurtenant to and shall pass with the title to every Lot or Living Unit. Section 2. Title To Common Properties. The Developer may retain the legal title to the Cemon Properties -st11 such time as it has completed improvements thereon and until such time, as in the opinion of the Developer, the Association is able to maintain the same, but, notwithstanding any provisions I herein, the Developer hereby coveosnte, for itself. Its successors and assigns that subject to the foregoing, it shall convey the Common Properties to the Association not later than the date an which control of the Association is turned over to the Class A Members as provided in Article III, Section 2 hereof, free and clear of all liens cad encumbrances, except real property tales for the.year in which the conveyance takes place and any easements granted by -6- J& a 11414 41 the Developer pursuant to Section 6 of this Article. Section 3. Us, of Common ProPert.'.es for Drainage. The Co n Properties may be used for drainage and the temporary retention of store water run-off from the Properties and other contiguous property, as well a for open space, recreation, rights of ingress and egress, and other related activities. b •tratvre. planting or ether material shell be placed or permitted to remain in the Common Properties which sight impair or interfere with the drainage or temporary retention of atom water run-off of The Properties or other contiguous property. Seetioo d. Extent of Members' Pavements. The rights and easements of enjoyment created hereby shall be subject to the following: (a) the right of the Developer and of the Association, in accordance with its Articles and bylaws, to borrow money for the purpose of improving the Coamon Properties and in aid thereof to mortgage said properties. in the event of a default upon any such mortgage, the lenders' right hereunder shall be limited to a right. after taking possession of such properties, to charge admission and other fees as a condition to continued enjoyment by the members, and, if necessary, to open the enjoyment of such properties to a wider public until the mortgage debt is satisfied whereupon the possession of such properties sna'_1 be returned to the Association and all rights of the Members hereunder shall be fully restored; and (b) the right of the Association to take such steps as are reasonably necessary to protect the above-described properties against foreclosure; and (c) the right of the Association, as provided in its Articles and byLsw,. to suspend the enjoyment and voting rights of any Member for any period during which any assessment remains unpaid, and for any period not to exceed thirty (30) days for any infraction of its published rules and regulations; and (d) the right of the Association to charge reasonable admission and other fees for the use of the Coon Properties; and (e) the right of individual Members to the exclusive use of perking spaces as provided in Section S of this Article;' and (f) the drainage and temporary ietention of storm water run-off uses of the Coen Properties referred to in Section 3 of this Article; and (g) the right of the Association to dedicate or transfer all or any part of the Cuamon Properties to any public agency, authority, or utility for much purposes snd*subject to such conditions a My be agreed to by the Members, provldrd that no such dedication or transfer or determination ss to the purposes or as to the conditions hereof, shall be effective unless an Snstrumeut signed by the President and Secretary of the Assoclatlon be recorded, cettlfying that at a special or regular meeting of members called for such purpoty, of which thirty (30) day, vritten notice was sent to each member, ■ two-thirds (2/1) vote of each Claes of members was obtained, either in person or by proxy, agreeing to much dedication or transfer. Seetlom 3. Parking Rights. The Association my designate and maintain upon the Coesaon Properties certain parking spaces for the exclusive use of the Members, their families and guests. She use of any such parking space by any other person may be enjoined by the Association or the Members entitled thereto. no parking shall be permitted in other than designated parking areas. Section 6. Utility Easements. :here is reserved unto the Developer until the date on which control of the Association is turned over to the Class "A" Member as provided in Article III, Section 2 hereof, the right to grant ease- ments for the installation and maintenance of temporary roads and public utilities on the Common Properties in addition to those already reserved. Mo such grant shall require the removal or relocation of any improvements existing on the Coon Properties on the date of the grant. Section 7. Patty Walls. Each wall which is built as a part of the original construction of a cluster home or a multlfrmily structure upon the Properties and placed on the dividing line between portion, of the Lots shall constitute a party wall, and, to the extent not inconsistent with the provisions of this Article, the general rules of law regarding party —118 and liability for property damage due to negligence or willful acts or omissions $hall apply thereto. (a) Sharing of Repair and Maintenance. The cost of reasonable repair and maintenance of a party wall shall be shared by the Owners Oho make use of the wall In proportion to such use. (b) Destruction by Fire or Other Casualty. If a party wall is destroyed or damaged by fire or other casualty, any owner who has used the wall may restore it, and if the other Owers thereafter make use of the wall, they shall contribute to the cost of restoration thereof in proportion to such use wi•hout prejudice, however, to the right of any such Risers to call for a larger -8- nontributlon from the others under any rule of lav regarding liability for negligent or willful act, or oals,fona. (c) Vea[heryroofiag. gotwiiM[And1Og any other prow islet of this Article, on Owner who by his negligent or willful act ..uses the party wall to be exposed to the eluents shall bear the whole cost of tarnishing the necessary protection against such eluents. (d) Easement. Each un it owner grants to the owners of adjoining units and to the AstOCistiOn an easement over, upon, and across his land for the Purpose of performing much maintenance a, may be required including, but not liaised to repairing party walls, painting and lawn and mprinkler maintenance. (e) tight to Contribution Runs With Land, The right of any Owner to contribute from any other Ower under this Article shall be appurtenant to the land and shall pass to such Ower's successors in title. (f) Arbitration. In the event of any dispute arising concerning a party wall, or under the provisions of this Article, each party shall choose one (1) arbitrator, and much arbitrators shall choose one (1) additional arbitrator, And the decision stall be by a majority of all the arbitrators. ARTICLE V COVEN&NT FOR MAINTEWCE ASSESSLVrS Section 1. Creation of the Lien and Personal Obligation of Assessments. Eacept as hereinafter more fully provided, the Developer. for each Lot or Living Unit Owed by it within the properties, hereby cowenarz and each Ower of any Lot or Living Unit by acceptance of a deed therefore, whether or not it ,hall be o expressed in any such deed or other conveyance, shall be deemed _ to covenant and agree to pay to the Association: (a) Annual msees events or chargee; and (b) special assesavents for capital improvements, such assessments to be fixed, established, and colle-�.d from time to time As hereinafter provided. The annual and special assessments, together with such interest thereon And costs of collection thereof as hereinafter provided, shall be a charge on the '_and And shall be a continuing lien upon the property against which each such useesment is made. Each such assessment, together with such interest thereon and cost of collection thereof as hereinafter provided, shall also be the personal obligation of the person who we the Ower of such `property at the time when the essesevent fell due. . Section 2. Purpose of Assessments. The assessments levied by the Association -9- A% b I Im 1502 q_ %bIIm1501 shall be used exclusively for the purpose of promoting the recreation, health. ssfcty, and welfare of the residents in The Properties and in particular for the improvement and maintenance of properties, services and facilities devoted to this purpose and related to the use and enjoyment of the Common Properties and of the homes situated upon the Properties, including but not limited mo, the Payment of taxes and insurance on the Common Properties. and repair, replsce nt. and additions thereto, and for the cost of labor, equipment, materials, manage' and supervision thereof. Section 7. Date of Coemencement of Annual Assessments: Due Dates. The annual assessments provided for herein shall cosmence on a date (which shall be the first day of a month) fixed by the Board of Directors of the Association herein called the Date of Commencement. The first annual assessment shall be levied for the balance of the calendar year in which it in imposed, and shall become due and payable on the Date of Commencement. The assessments for any year, after the first year, shall become due and payable on the first day of January of said year. The amount of the first annual assessment shall b- an amount which bears the same relationship to the annual assessment provided for in Section 4 hereof as the comber of months remaining in the year of the first annual assessment (from and including the month of the Date of Commencement) bears to twelve. The same reduction in the amount of the assessment shall apply to the first assess- ment levied against any property which is hereafter added to the properties now subject to assessment at the time other than the beginning of any assessment period. The due date of any special assessment under Section 5 hereof shall be fixed in the resolution authorizing such assessment. Section 4. Basis and Maximum of Annual Assessments. The initial annual assessment per Lot or Living Unit shall be determined by the Board of Directors at the time such assessments are imposed, provided, however, that such assessment shall not be leen than Two Hundred Forty and 001100 ($140.00) DOLLARS per Lot or Living Unit for all Class "A" Members. For purposes of determining the basis and maxima of annual assessments, when a single Living Unit is situated upon a single Lot, or when more than one Living Unit is situated upon a single Lot, tract or parcel, each such unit shall be assessed separately, but there shall be to assessment for the Lot, tract or parcel. Except as hereinafter provided all assessments shall be payable from the date determined by the Board of Directors -10- 611- 150 3 ,9ifi99ll #A l5§J i as provided in Section 3 of this Article. prior to turn over of control of the Association to the Class "A" Me -dere, the Board of Directors of the Association 0417, after consideration of current maintenance costs and future needs of the Association, fix the actual assessment for any year at a lesser or greater amount. Dntil control of the Association is delivered to the Claae "A" Members, as Provided in Article I1I. Section 2 hereof, the Developer *hall pay the difference in cost between the amounts collected from the Class "A" Members and the actual cost of maintenance. Thereafter, the Developer shall be obligated to pay the same assessments as paid by other Class "A" ?embers but shall not guarantee_ any deficiencies. Prom and after the date of such "turn over" the annual assessment may be adjusted by vote of the membership, as hereinafter provided, for the next succeeding year and at the end of each such period of one year for each succeeding period of one year, or, at the discretion of the Board of Directors, the annual assessment may be Increased annually provided, however, that such increase shall not be in excess of 102 above the assessment for the previous year. Section S. ^:,ectal Assessment for Capital Improvements. In addition to the annual assesaeents referred to in this Article, the Association may levy in any assessment year a special assessment, applicable to the time required for payment, for the purpose of defraying, in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Common Properties, including the necessary fixtures and personal property related thereto, provided that any such assessment shall have the assent of tom -thirds (2/3) of the votes of each class of Members who are voting 1n person or by proxy at a meeting duly called for this purpose, written notice of which shall `r sent to all Members at least thirty (30)-d-ys in advance and shall set forth the purpose of the meting. Section 6. Change in Basis and Maximum of Annual Assessments. Subject to the limitations of Section 4 hereof, and for the periods therein specified, the Association may change the maximum and basis of the assessments fixed by Section 4 hereof prospectively for any such period provided that any such change shall have the assent of tom -thirds (2/3) of the votes of each class of Members, who are voting in person or proxy, at a meting duly called for this purpose. Written notice shell be sent to all Members at least thirty.(30) days -11- WbIIK1594 in advance and shall set torch the purpose of the meeting, provided further that the limitations of Section 6 hereof Shall not apply to any change in the wamimm and begin of the assessments undertaken as ad incident to a xrger or consdlfdatton in which the Assoclatfon is authorized to participate under its Articles of Incorporation and under Article II. Section 3 hereof. Provided, further that no change in sesesaments affecting the Developer shall be made without the consent of the Developer first had and obtained. Section 7. Quorum for any Action Authorized Under Sections 5 and 6. The quorum required for any action authorized by Section 5 add 6 hereof shall be as follows: - At the first meeting called, as provided in Sections 5 and 6 hereof, the presence at the meeting of ?%embers, or of proxies, entitled to cast sixty (60) percent of all the votes of each class of membership shall constitute a quorum. If the required quorum is not forthcoming at any meeting, another meeting may be called, subject to the notice requirement set fortb in Sections 5 and 60 and the required quonm at any such subsequent meeting shall be one-half (1/2) of the required quorum at the preceding meeting. Section 8. Duties of the Board of Directors The Board of Directors of the Association shall fix the Date of Commencesnnt and the amount of the assessment against each Lots Living Unit or Business Unit for each assessment I period at least thirty (30) days In advance of such date or period and shall, at that ties, prepare a roster of the properties and sssesements applicable thereto � which shell be kept In the office of the Association and shall be open to inspection by any Ower. Written notice of the aseessment shall thereupon be sent to every Owner aubject thereto. The Association shall, upon demand at any tile, furnish to any owner liable for said assessment a certifl�eto in writing signed by an officer of the Association setting forth whether said assessment has been paid. Such certificate shall be conclusive evidence of payment of any assessment therein stated to have been paid. Section 9. Bffect of Noo-Payment of Assessment; She Personal Obligation of the Owner; The Lien; Remedies of Association. If the assessments are not paid on the date when due (being the dates specified in Section 3 hereof), then such assesament shall become delinquent and shall, together rich such interest thereon and cost of collection thereof as hereinafter -12- aid b I IM 1585 r provided, thereupon becca,e a continuing lien on the property which shall bind such Drr; rt7 In the tusd of the theo Meer, his heirs, devises. personal representative and &,signs. The Lot Meer (except the Developer) agrees that it shall be liable for and promptly pay a& and when due 20 the Association all a,eessoents and special assesssents a• provided in the Articles of the Association and the Dy -Laws. The Lot owner agrees and understands that in 1 the event that a Lot Owner fails to sake paywnt as and when due, the Association �! shall have the right to record • 11" against the Lot owner's Lot in the fors ,I of a stat event signed b7 the President or Vice President of the Association in h recordable Cors. The As soclation shall have the right to enforce the lien In �I the Benner provided under Florida law for foreclosure of mortgage liens. The r� Lot owner shall pay interest on the awunt owed at the highest rate permitted by lav and all court costa and attorneys' fees incurred in collection, as well as all fees incurred In foreclosure of such lien. This lien shall be subordinate to the lien of wrtgages recorded prior to the recording of the lien hereunder. The personal obligation of the then Ower to pay such assessment, however, shall remain his personal obligation for the statutory period. Provided, however, that no voluntary sale of any Lot or Living Lolt shall be effective, nor shall any msrketatle title be conveyed unless and until the Seller has obtained Eros the proper officers of the Association a certificate, in recordable form, attesting to the fact that the Seller has paid all assessments to date. If no such cert locate is obtained and recorded, the Purchaser shall be con - elusively presumed to have asstned such past due assessments and shall become forthwith liable therefor. If the assesement is not paid within thirty (70) day, after the delinquency date, the as,esmnent shall bear interest from the date of delinquency at the highest rate permitted by law, and the Association rosy bring an action of law against the Ower personally obligated to pay the same or to foreclose the lien against the property and there shall be added to the amount of such sa,ea®ent the costs of preparing and filing the complaint in such action, and in the event a judgment 1, obtained, such judgnent shall include interest on the ssseasment as above provided and a reasonable attorney's fee to be fixed by the Court together with costs of the action. Section 10. Subordination of the Lien to Hort Rages. The lien of the assessment, provided for herein ,hall be subordinated to the ISen of any first mortgage or mortgages now or hereafter placed upon the properties subject to MM �illel fl�19�6 assessment; provided, however, that such subordination eball apply only to the. assessments which have become due and payable prior to a sale or transfer of such property pursuant to a decree of foreclosure. Such sale or transfer shall not ielieve such property fros liability for any assessments thereafter becoming due, nor from the lien of any such subsequent assessment, which again will be subordinated to the lien of a new first mortgage placed upon The Property or Properties. Section 11. Exempt Property. The following property subject to this Declaration shall be exempt from the assessments, charges and liens created herein: (a) all properties to the extent any easement or other interest therein is dedicated and accepted by the local public authority and demoted to the public use; (b) all Common Properties as defined in Article I. Section 1 hereof; and (c) all properties exempt from taxation by the laws of the State of Florida upon the terms and to the extent of such legal exemption. ARTICLE VI ENVIRONMENTAL CONTROL COMMITTEE Section 1. Appointment of Committee. There shall be appointed by the Board of Directors of the Association, an Environmental Control Committee, which comaittee shall consist of three or more members. During the time that the Developer Is in control of the Association, the Committee will consist of the follwing: the Secretary of the Association, the Assistant Vice President of the Environmental Planning and Design Office of General Development Corporation, and the General Manager of the community in which the subject property is located. 7 Section 2.. Review by Committee. After "turnover". the Committee, in its review of all proposed modifications or alterations to existing structures shall be guided by the following standards of environmental control, to -wit: those - i included in Article IE hereof, and (a)Architectural Control: No building, fence, wall, or -other addition or modification to existing structures shall be ccmmenced, erected or maintained upon The Properties, nor shall any exterior addition to or change or alteration therein, including patio covers, be made wtll the plane, draw to appropriate scale, and speclf "tions shoving the nature, kind, shape, height, material and location of the same Including exterior color scheme shall have been submitted to and approved in writing as to harmony of external design and location -14- aSDbIIFaISO I 9 : in relation to surrounding structures, topography and vegetation by the Environmental Control Committee. Approval or disapproval of the same shall be made by the Committee and returned to the applicant within a reasonable time, not to exceed 45 days after receipt therof. (b) Existing Trees: Existing trees on the property will not be removed unless their removal proves to be necessary due to the emplacement of the structure or structures. Location and sire of all existing trees, including those proposed to be removed, shall be Indicated on landscaping plane and specifications, and subject to the approval of the Environmental Control Committee. (c) Landscaping Approval: No trees, bushes, shrubs or plants which at maturity and without clipping or pruning thereof, would exceed the height of the dwelling house on any lot or in common areas shall be planted or emplaced until the plane and specifications for the placement of any such trees, bushes, shrubs or plants have been submitted to and approved by the Environmental Control Committee as to the preservation of the natural view and aesthetic beauty which each Lot or Living Unit and the community is Intended to enjoy. Said plane as submitted shall show in detail and to scale the proposed elevations and locations of said trees, bushes, shrubs or planta, including the location of same in relation to all other Lots or Living Units subject to these restrictions. (d) Committee Approval: Approval of said plana by the Environmental Control Committee may be withheld if In the opinion of the Committee the view of any Lot or Living Unit would be impeded by the location of such tree, bush, shrub or plant, or in any other manner. In any event, the Committee shall have the right to require any member to remove, tris, or prune any tree, or shrub, which in the ressonable belief of the Committee impedes or detracts from the view of any lot. Section 3. Variances. The Board of Directors of the Association or the :.nvirommental Control Committee appointed by the Board may, with the approval of the Indian River Zoning Board, approve variances to the requirements of Article IS, Section 2. Section 4. Attorney's Fees. In all litigation involving architectural or environmental control, the prevailing party shall be entitled to collect and shall be awarded attorneys' fees and court costs. -IS- �iabiiise� A ARTICLL VII 1l MrmlOR KArN'E`h.&iCL f' Section 1. Exterior NaiHt � �----� Pursuers[ to upon dtte agttt#nt Kth a"+e r, or ntnatlon by the Assoclatlon that an Owner has failed to Aalntain the as tenor of his Living Nit in ' accordance with and 0076 and general Standards of the coemnitr ond ILII general furnished by Association, then, atter resAona5le j notice to - the owner specifying such fail, re and upon owner's neglect or refusal to cc rrett the •sae, then, In Such event, and In Addition, to rintreance the Cotm Prope "Ies, the Association �y provide exterior maintenance upon each Inch Living Coit as toll ovs; Paint. repair, replacement and urs of roofs, cutters, dovnepoutq exterior building surfaces, trees, shrubs, and other exterior faprovenents. grass, vales, 'rhe Cost thereof Shall be AS aesaed to the owner and Shall be added to and become a part of the maintenance s..e,Seent as more Particularly deet lied In Section 2 hereof. Section 3. Aeeessment of ems• The cost of such exterior shall be aseeved against the Lot or Laving Unit mintenance Is done and e upon vhich Such maintenance hall be added to and become part of the annual maintenance asses Sment or charge to vhlth such Lot or Living Unit is eubj etc under Article V hereof and, as part of such annual assessment or Charge, it 'hall be a lien And obligation to the Owner and Shall becoae due and payable fo all ...Pette as Provided in Article V hereof. Provided the Hoard of Director. of the Association when establishing the annual assessment against each Lot or Living Unit for any ...element year as required under Article V hereof, may add thereto the estimated cost of the e thereafter' zte 4�. rlor maintenance s shall make' for that year but, such adjustment with the Owner ae SS necessary to reflect the actual cost thereof. - Section 3, Access at Reasonable Hours. For the performing the exterior min Purpose solely of [.Hance authorized by this Article, the Association, through its duly authorized agents or employee,, shall have the right, after reasonable notice to the Owner, to enter upon any Lot or the exterior of Any Living Unit at reasonable hours on any day except Sunday. Section 6, Common Ar-�nce. Colson Area YAintensnce may but is not necessarily limited to, the following Stemsinclude,; (e) Crouods maintenance of the common area including -16- ` A roving, fertilizing. insecticides, etc. (b) Irrigation system mintenance. (c) Pool mlntenance Including cleaning, chemlcals, minteamce of puaps. Pool heating, including gas and mintenance of beating props. etc. (d) Air conditioning mintenance of recreation building. (el Parking lot cleaning and mlntenance. (f) Waste rtuoval from cocoon areas. (g) Maintain perimter wall, 1f any. (h) Utilities for eoaoon areae Including water, sever and electricity. (1) Taxes and Insurance including red and personal property taxes for cosoon areas and liability and fire Insurance. (j) Other adacellaneous iters which my be Included such as exterminating services, security system m lnte,ance and fire extinguisher services. (k) A reserve for future mintenance and repairs. (1) Maintain the private streets and roads. Section 5. Additional Maintenance Obligations. The Developer has agreed to plant trees, shrubs and other landscaping in the radian of S. W. 20th Place and along either side of said street in the public right-of-vay for a distance of approximtely 1,000 feet from D. S. No. 1. This obligation will continue for a period of three years from February 6, 1980. Fron and after February 6, 1983, this obligation in herewith transferred to the Property Owners' Association and the Property Owners' Association, by the acceptance of this Declaration of Covenants and Restrictions, agrees to continue to mintain the landscaping in the radian of S. W. 20th Place and along either side of said street In the public right-of-vay far a distance of approximately 1,000 feet from D. S. No. 1. This obligation on the part of the Property Owners' Association shall continue indefinitely. Section 6. Additional Maintenance Obligations. jn addition to the obligation of the Property Owers' Association to mintain such landscaping as above described in Section 5, the Property Owers' Association shall and herewith agrees to obtain liability insurance on the subject property commncing from and after February 6, 1983. This policy shall show the board of County Commissioners of Indian River Umnty as an additional Insured. In addition to the foregoing, the Property Ovners' Association agrees as follows: (a) to establish a priority budget for purposes of mintenance of the -17- AuYI 1041910 referenced landscaping; (b) to maintain liability insurance 10 an amount of no les.' i than $300,000/500,000 for any injury resulting out of said landscaping which liability policy shall, as hereinabove provided, show Indian River County as an additional insured; (c) It is understood and agreed that the Prop±rty Owners shall. at no time. amend the Covenant• and Restrictions with reference to the foregoing condttions without the specific consent of the hoard of County Comlzslnners of Indian River County. ARTICLE VIII WATER AND SEWER UTILITIES Section I. Mandatory Connectlon. Developer and its wholly owed subsidiary General Development Utilities, Inc. (hereinafter referred to as "Utilities"), and their respective successors and assigns, hereby declare that. Developer, and all persons claiming by, through, and under Developer as overs of Lots or Living Units shall, vlthin not more than sixty (60) days after the water distribution mains and/or sewage collection lines become available to serve a particular Lot or Living Unit be required to connect to and make use of the water and/or sever services furnished by Utilities and shall pay to Utilities, in addition to the prescribed connection charges and monthly service charges then in effect under the rules, regulations and rate schedules of Utilities, a utilities extension fee (for plant capacity and main lines). Section 2. Prohibition of Individual Wells and Septic Tanks. No Individual water wells, septic tanks or other individual sewage disposal facility shall be permitted on any Lot or Living Unit from such time ss central water and/or sever service or services are rade available. This provision, however, shall not be construed to prohibit private water wells for irrigation, swimming pools or air condi""- ing. Section 3. Enforcement. The extension of water and/or sever lines by Utilities into The Properties shall, as to each Lot or Living Unit and to the extent of the utilities extension fees referred to in Section 1 above, constitute and shall be deemed an improvement to each such Lot or Living knit. In the event that developer or ower of Lots or Living Units claiming by, through or _. under Developer, fail or refuse to connect to and utilize the water and/or sewer systems of Utilities, when same become available and make payment of the utilities extension fees and/or charges as prescribed above, Utilities -18- .edit 6 1 1 Mai 15 1 1 1 I� w) enforce the obligation to cormect and to make such ps)ment, together with all costs of enforeesent and collection, including a reasonable attorney's el fee. Utilities shall, in addition to other remedies available to it as I� prescribed by Florida las, be entitled to leve and enforce • sethavie's Ilan and give notice thereof among the Public Records of Indian River County. Section a. It shall be a requirement that no eater closet be installed in any h~ to be constructed on any of The Properties having a capacity in 1 execs, of 1.5 gallons. Section S. General Development Corporation, as the Developer, reserves to itself and its successors and assigns all water rights below 600 feet in depth order all of the properties described in Schedules "A" and "B" attached hereto but with no right of surface access thereto. ARTICLE IT UNIFORM CEYPRAL REQUIRE -MOTS �. Section 1. Use and Minicar Square Footage Requirements. All Lots in the Properties included within Schedule "A' are designated as single family residence lots, and no principal building shall be constructed or erected on any single family residence lot other than one detached single family dwelling not to exceed two (2) stories in height. No single family residence lot shall be resubdivSded Into building lots containing less than ten thousand (10,000) aquae feet. No principal structure shall be erected having a living area of lees then eight hundred (800) square feet for a one-story, building, nor lege than one thousand (1000).square feet living area for more than a one-story, building on any single family residence lot in the Existing Property. (a) Multi -Family Use. The Developer reserves to itself, its successors and/ov assigns, the right to use the tracts or parcels of land more particularly described in Schedule "D" attached hereto r"r "Multi -Family" use. Such use shall include cluster housing, condominiums and such other multi -family use as "-,',veloper msy'determine. All units to be contained in -buildings constructed therein shall be subJect to this Declaration of Covenants and Restrictions in addition to such covenanta and restrictions that may be Imposed by any condominium association that may be established thereon by Developer. its successors end/or assigns. The owners of each ouch wit shell be a Class "A" member and entitled to one vote for each such wit owed. Sention 2.A. Building Set -heck Requirements for structures on single I- �ribIIPe1512 family residence lots shall be In accordance with the requirements of the Indian River County Zoning Regulations as the same may be amended and/or superseded frog time to time. Section 2.6. Provided however, that the Board of Directors of the Association or the Environmental Control Committee, upon written application thereto as provided in Article VI, say, with the approval of the Indian River County Zoning Board, approve Individual variances from the requirements of this Article Ix, Sections 2A and 2B. Section J. Recreational Vehicles. No travel trailer, mobile home, recreational vehicle, boat, tent, storage building, garage, barn or out building erected on any lot shall at any time be used as a residence, temporarily or permanently. Provided however, that recreational vehicles such as travel trailers, motor homes, tent trailers, boats, etc. not exceeding ten (10) feet in height and thirty-two (32) feet in length may be stored on the premises at the rear or side of the residence situated thereon upon the following conditions: (a) No such vehicle shall be permitted within the front or aide line set -Mack areas. (b) All such vehicles shall bear a current State registration or inspection tag. Section 4. Parking. No truck exceeding one ton capacity or recreational vehicle or boat shall be parked overnight in areas zoned residential unless the truck is employed In the construction of neu residential units. Section 5. Signs. No sign of any kind shall be displayed to the public view on any Lot, except signs permitted by Indian River County, or signs used by a builder to advertise the property during the construction and sales period, all of which shall be approved by the Board of Environmental Control Committee. Section 6. Animals. No animals, livestock or poultry of any kind shall be raised, bred or kept on any lot except that dogs, cats or oiher domestic pets may be kept, provided that they are not kept, bred or maintained for any commercial purpose. Section 7. Trash Storage. No lot shall be used or maintained as a dumping growd for rubbish. Trash, garbage, or other waste moat be kept in sanitary containers and placed in the trash enclosures, if provided In the project. No lot on which improvements have been constructed or erected shall be allowed to become or remain overgrown and/or unsightly. Section 8. Planting. No hedge or shrub planting which obstructs -20- . a n, 1 I e.n ( a f! t sight lines at elevation• between two (2') and six (6') feet above the roadways shall be placed or permitted to remain an any corner lot within the triangular area formed by the street property lines and a line connecting thea at point@ twenty-five (25') feet from the intersection of the street lines, or in the case of a rounded property corner, from the intersection of the street property lines extended. The same might line limitations shall apply as any lot within ten (10') feet from the intersection of a street property line with the edge of a driveway or alley pavement. No tree shall be permitted to remain within the above described limits of intersections unless the foliage line is maintained at or above six (6') feet above roadway Intersection elevation to prevent obstruction of sight lines. Section 9. Tree Preservation. No large trees measuring six (6") inches or more in diameter at ground level may be removed without the written approval of the Environmental Control Committee, unless located within ten (10') feet of the approved site for such building. No trees shall be removed from any lot without the consent of the Environmental Control Committee, until the owner shall be reedy to begin construction. Section 10. 011, Cas and Kineral Operations. No operations with respect to oil, gas and minerals, including, without limitation, drilling, development, refining, exploration, Quarrying, mining or extractions of any kind shall be permitted upon any lot or parcel, nor shall oil or gas wells; tanks, tunnels, mineral excavations or shafts be permitted upon any lot or parcel. No derrick, drilling rig or other stricture designed for use in drilling for oil or gas shall be erected, maintained or permitted on any lot or parcel. Section 11. Easements. Easements for the installation and malnt mance of public utilities and drainage facilities are reserved as noted on the recorded plat. Within the" easements, or my easement granted by the Developer pursuant to Article IV, Section 6, no structure, planting or other material shall be placed or permitted to remsto which may damage, Impair or Interfere with the installation and maintenance of utilities. The easement area of each lot, tract, or parcel and all permitted improvements within said easement areas shall be maintained continuously by the owner of the lot, tracts or parcel, except for those improvements for which a public authorityorutility company is responsible. Section 12. Encroachments on lots. In the event that any portion of any -21- ak.h n.I Iba I0Ik i roadway, walkway, parking area, roof drainage system, water lines, scum lines, u' '.ity lines, sprinkler system or any other structure as originally constructed S•: Developer or its designee, successor or assign encroaches on any Lot, it shall he deemed that the Owner of such Lot has granted a perpetual easement to the CVner -f the adjoining Lot or the Association as the case my be, for continuing ma incenance and use of such encroaching roadway, walkway, parking area, roof drainage system, j water line, sever line, utility line, sprinkler system or atmcture. The foreg—,g shall also apply to any replacements of any such roadway, walkway, parking area, roof drain ge system, water lines, sever lines, utility lines, sprinkler system or structure if same are constructed in substantial conformance to the original. Other 1 encroachments may hereafter be maintained as provided in a Supplemental Declaration. The foregoing conditions shall be perpetual in duration and shell not be subject to amendment of these covenants and restrictions. Section 13. It is understood and agreed that said premises may not and shall not be used for convalescing or custodial care as a home occupation. Section 16, Additional Rules and Regulations. So long as it retains control, y� the Developer, and thereafter the Board of Directors of the Association, may "s establish such additional rules and regulations as may be deemed to be for the best interests of the Association and its members. ARTICLE x GMRAL PROVISIONS Section 1. Amendments. Anything in this Declaration to the contrary not- withstanding, this Declaration of Covenants and Restrictions may be amended from 1 time to time by recording among the Public Records of IndianRiverCounty, Florida, an instrument executed by the President and attested to by the Secretary of the Association indicating that at a meeting called for that purpose, the fee owners of two-thirds (2/3) of the Lots or Living Units, In the hereinabove described property have approved such amendment. Provided, however, no such amendment may be made subsequent to the date on which control of the Association is turned over to the Class "A" Members as provided herein, without written consent of General Development Corporation, its successors and/or assigns; and provided further that no such amendment shall affect or interfere with vested rights previously acquired by Lot or Living Unit Owners. Section 2. Duration. Except as provided in Section 1 hereof, the covenants and restrictions of this Declaration shall run with and bind the land. and shall inure to the benefit of and be enforceable by the Association, _22- �911Ad ISIS C ti or the Owner of any land subject to this Declaration and their respective legal representatives, helm, successors, and assigns, for a tern of twenty (20) years frw the date this ?eclarstlon is recorded, unless the ease be &,,ended, sodifled or revised pursuant to the provlalona of Section 1 of this Article. Thereafter, and after the expiration of said initial twenty (20) year period, said covenants shall be ■utorwatically extended for successive periods of ten (SO) years unless amended, modified, or revised as provided In Section 1 of this Article. Section 1. Wotiees. Any notice required to be sent to any Member or Owner under the provisions of this Declaration shall be dewed to hews been no properly sent when oiled, postpaid, to the last known address of the "roan who appears as Mesber or Owner on the records of the Association at the tise of such mailing. Section 4. Enforcenent. Enforeenent of thea covenants and restrictions shall be by any proceeding at law or in equity against any person or persons violating or attempting to violate any e,,enmt or restriction, either to restrain the violation or to recover damges, and against the land to enforce any Jim created by these covenants; and failure by the Association or any Amer to enforce an7 covenant or restriction herein contained shell in no event be deemed a waiver of the right to do so thereafter. In addition, Developer shall hews the right, whenever there shall have been built on any lot any structure which is in violation of these covenants and restrictions, to enter upon the property where such violation exists and eunne&rily abets or remove the nam at the expense of Owners; and such entry and abatement or resaval shall not be deesed a treapasa.. Sectio[ 5. Severability. Invalidation of any one of these covenants at restrictions by judgsent or court order shall to no wise affect any other provision hereof, which shall remain in full force and effect. Saction 6. Easement 'for Walkways. The Developer reserves to itself end its successors and assigns the right to construct walkways between multifaswlly structures or the cluster homes for the benefit of the occupants and their guests, as well as for the purpose of asinterance of the lawns adjoining such areas. To this extent and for this purpose the Developer reserves an easement over and across said walkways. _27_ mail I I W 1516 ARTICLE g2 There is attached to this Declaration and incorporated heft in by reference u Schedule 'C". a budget which shall be in full force and effect for the first year of operation of the said Aesocia.fon. The"eafter, and pursuant to the provisions of Article V. Section A. p:,tagraph 2, the board of Directors may increase the aunt of the annual assesaeent. IN WITNESS WHEREOF. GENERAL DEVMP!= CORPORATION, a Delavare corpora[ .n, ham caused these p"a"ta to be "executed by its proper office" who are thereunto duly authorized• and its corporate seal to -r affixed, at Miami, Dade Comity, ylorida, this ,Ox day of NA ✓FNB f.� 1980. GENERAL DEPE.OFMLNT CORPORATION f i t�'• By: Senior VfcePree� nt ATTEST: 1 STATE OF FLORIDA ) ) SS C0o`Yff OP DADE ) I HEREBY CERTIFY that on this -Zday of A'0✓jr/1B£"" , 1980, before w pe"ooally appeared C. C. CRU4P and SACL J. SAC[, Senior Vice President and Aaeletant Secretary respectively of General Developxnt Corporation, knovn to be the persona described In and who executed the foregoing Declaretfon of Restrictions as such officers of said corporation for the uses and purposes therein mentioned, and that they affixed thereto the official meal of veld corporation, and that the said instrument is the act and deed of said corpotT- ation. YI'1'RESS q signature and official meal at MSeml, In the County of Dade and State of Florida, the day and year last aforesaid. aff'o�nre'said. �A�sr7y� NO"I'ARY YUHLIC My Co®Sesion Expires: .rte..•.., .;yt...KTzfr�yA 0 NO®a At Up li '•,. b�, ►s6 mfm CC.16 see •'' C♦ttORID�: °ii4�11o1Q15t1--- -_ _-- SCHEDULE 'A' Those certain lots and blocks situated in VERO BEACH HIGHLANDS in the following plats recorded in the Public Records of Indian River County. Florida are hereby designated as 'The Properties', to wit: VERO BEACH HIGHLANDS UNIT ONE according to the plat thereof recorded in Plat Book 5 at Page 29 of the Public Records of Indian River County, Florida. BLOCK LOT 40. 1 1,2 2 11 4 1 5 1 7 1 VERO BEACH HIGHLANDS UNIT TWO according to the plat thereof recorded in Plat Book 5 at Page 77 of the Public Records of Indian River County, Florida. BLOCK LOT NO. 19 3, 4, 6, 7, 8 27 2-10, 12, 15, 17-24 28 1, 2, 3, 7, 8, 12, 14, 16-19 29 4, 14, 16, 20, 23 66 6-10, 16, 17 67 1-3 69 1-9 70 1-18 71 1-6, 8-10, 11-14, 15-17 72 2, 8, 9, 10, 16 73 1, 2, 8-12, 14, 15 VERO BEACH HIGHLANDS UNIT THREE according to the plat t.ereo recon a in Plat B��f at Page 37 of the Public Records of Indian River County, Florida. BLOCK LOT NO. 74 3, 4, 5, 7-14, 19-21, 23, 24, 27 75 7-11, 14-16, 18 76 2, 3, 4, 17, 18, 19, 22 77 1-4, 6-11, 16, 18 78 2, 4, 5, 6, 8, 9, 13, 15, 16-23 79 1-14, 21-27 SCHEDULE 'A' (Cont'd.) v - y uti d.st ... a at Paye 38 of the RilLic kr-'.:ch of ie=WdZ:Yyn Rives Canty, Flory. 119 120 121 122 123 124 12S '126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146- 147 148 149 ls0 151 152 153 154 155 1.56 4-6, 11-D, 16-18, 11, 23, 27 3, 7, 10, 14, 22, 23, 25, 26 3-6, 8. 11, 12, 15-19, 21, 25, 4, 6, 14, 16,'20, 23, 25, 26 7, 8, 9, 10, 20, 23 2, 4, 11-14, 17-19, 22-25, 28 4,9. 11, L7, 14 1. 3, 4, 6, 7, 12, 18. 19• 6. 20 1. 3-6, 13-17 5-8, 14-20 1, 4-12, 14, 15, 17, 18, 21 1, 3-7, 8, 9, 11, 14-15, 17, 3, 4, 11, 15, 15, 17 4,5. 6, 14, 16-21 lo, 12. 13-18, 22 4, 7, 8. 9, 12-14, 20, 22 3. 5. 7. 9, 11, 15, 16 7,9,11,15,16 3 5. 15, 18, 20 1, 5, 9, 10, 11. 15, 24, 25 1, 2, 4, 5, 6, 15, 16, 17 3,. 4, 8, 12, 14, 18, 20 5, 6, 7, 9, 19, 20, 21, 22 5. 8, 9 1, 16, 20, 21, 24 2, 11, 13, 14 9-13, 16-22, 25, 26 5-7, 17, 18, 20-26 6, 7, 10, 1-`, 14. 13, 19, 2' 1, 5. 9, 1C-12, 14-18 4, 5, lo, 16, la, 19. 20, 2 1, 3, 10, 11, 14, 15, 16 B 26 18 24 2,. 6, 7, 10, 1L 17, 20, 25, 27 2, 4, 5, 6, 8, 9-12, 15, 17, 18 1, 2. 7-12, 17, 20, 21, 22, 26 X41 IN 1511 6C8ED= 'A' (Cont'd.) 7FM SFrYR A1Gi'.: NCB �;, .M ac-rordinq to ::e plat L`_ersof i recorded >n pjAt Boat -at-Page 56 of c9e Rolle Pe=ws of Indian River C=tY, Florida. 44 - 2, 3, S. 10, 11, 13. 17-26 I 45 1-6, 10-12. 16. 13, 19, 20 46 li, 11, 14, 16, 20 47 8, 9, 12, 13, 16-18 Y 58 1-4, 6i, 12-15, 17, 18, 22, 23, 26-29. 32 59 1, 2, 5, 7-13, 18, 19, 21-24 6o 3, 5, 10, 11, 13, 16, 17, 20-24 3-11, 14-24 I 62 2-9. 12-19 m 1, 3-22 81 1-22 82 10-12, 5. 17-19, 21, 22, 25, 26 83 3-22 84 6-11, 13-20 85 2. 3, 7-10, 12-22 66 1-22 67 3-8, u-20 : •• Be 1-6, 8, 9, 12r 14-18, 20-22 89 1, 16-20, 22-25, 27 90 7-12, 18, 19, 21, 23, 24, 28 110 1-13, 15, 20-26 3ll 1-16, 18, 22, 24, 25, 27, 28, 29 1u 1-30 171 1-22 114 1-16, 18-22 i 115 2-4, 6-29 116 1-4, 6,9,11,13-5,17-19, 23, 25.26.28,29 117 2-7. 9-22 ! 118 1-5. 17-28 ! TOM - 1063 lots x6 b I I pia 1521 SCHEDULE "B" CDIM4 PROPERTIES The following described properties are designated as Ce®on Properties as more fully defined in Article I1, Section 2 of this Declaration. A. Amenity Area All that certain tract or parcel of land lying in Section 36, Township 33 South, Range 39 East and Section 31, Township 33 South, Range 40 East, more particularly described as follows: - BEGINNING at the intersection of the Easterly Right of Way line of 6th Road S.W. and the Southerly Right of Way Line of 23rd STREET S.W. as shown on Plat of "VERO BEACH HIGHLANDS UNIT FIVE" according to the Plat thereof, recorded in Plat Book B. Page 56 of the Public Records of Indian River County, Florida, thence; N 60'-40'-00" E, along said Southerly Right of Way line of 23rd STREET, 998.27 feet to the Inter- section with the Westerly Right of Way line of 6th AVENUE S.W., thence; S 29'-20'-00" E, 180.88 feet, thence 225.34 feet Southeasterly along the are of a curve to the right having a radius of 446.01 feet and a central angle of 29'-20'-00" , to a point of compound curvature, thence; 308.07 feet Southwesterly along the art of a curve to the right having a radius of 560.00 fact and a central angle of 31'-3l'-12" , to a point of reverse curve, thence; 161.99 feet Southwesterly along the are of a curve to the left having a radius of 340.00 feet and a central angle of 27'-17'-52" , to a point of reverse curve, thence; 37.55 feet Southwesterly along the are of a curve to the right having a radius of 25.00 feet and a central angle of 86'-04'-06" , to a point on the Northerly Right of Way line of 23rd PUCE S.W. as shown on said plat of "MO BEACH HICKLOL40S UNIT FIVE", thence; N 890-42'-34" W. 860.95 feet to the intersection of the Easterly Right of Way line of said 6th ROAD S.W., thence; N 0'-17'-26" E, 351.44 feet to the POINT OF BEGINNING. All lying and being in Indian River County, Florida. -Containing 13.67 Acres, more or less. The above deaMbed Parcel of land is shown as Parcel "E" Amenity Area, on sketch marked EMBIT "0", Page 2, attached hereto. B. The following described Tracts situated in VERO BEACH HIGHLANDS UNIT ONE according to the plat thereof recorded in Plat book 5 at Page 29 of the Public Records of Indian River county. Florida, to wit: 1. A portion of Tract "A" being more particularly de.cribed as follows: Beginning at the Southeast comer of said Tract "A"; thence N. 89--37'-00" W., along the south boundary of said Tract "A", also being along the north right-ef-way line of S.X. 20th Place, a distance of 99.50 feet to a point; thence N. 13'-12'-30" E., a distance of 96.12 feet to a Point of Curvature of a circular curve to the right; thence northeasterly and easterly along the are of said `curve having a radius of 25.00 feet and a central angle of 55'-47'-00" for an arc distance of 24.34 feet to a Point of Tangency; thence N. 686-59'-30" E., a distance of 20.67 feet to a point on the westerly right-of-way line of U.S. Highway No. 1, also being a point on the easterly boundary of said Tract "A"; thence S. 19'-46'-00" E., along the westerly right. of -way line of U.S. Highway No. 10 also being along the easterly boundary of said Tract "A", a distance of 124.75 feet to the Point of Beginning. Said lends situate, lying and being in Indian River County, Florida, and containing 0.17 acres, more or lees; and 3@b I Ipg1521 SCHEDULE "B" (Con.!nued) i .. Tract "a plus one-balf of Sovlirveet Vat Street that is the vacated ' righcbf-w7 of Southvest list Street betwen U.S. Route Ho. 1 and the East rlgbt-of-vay of the Florida Poet Coast Railroad. C. Tracts "A" and "B" in VERO BEACH HICHLAIIDS UNIT TOUR according to the plat tbereof recorded in Plat Book 8 at Page 18 of the Public Records of Indian giver County, Florida; and D. Casal tracts described as follows: i Tract "A" containing 1.66 acres, more or less, situated in -VERO BEACH HIGHLANDS UNIT THREE" according to the plat thereof recorded in Plat I Book 8 at Page 17 of the Public Records of Indian River County, Florida; and *tact "P" eonufeing 7.19 acres, more or leve, Tract 'b" containing 1.00 acre, more or less, Tract "F„ containing 2.37 acres, more or leas, Tract "G" containing 2.18 acres, more or less, Tract "C" containing 0.28 acres, more or lees, Tract "H" containing 2.32 acres, more or lees, all situated in "VERO BEACH HIGHLANDS UNIT FOUR" according to the plat thereof recorded in Plat Book 8 at Page 38 of the Public Records of Indian River County, Florida; and ` Tract "A" containing 1.99 acres, more or lees, Tract "B" containing 2.36 scree, more or less, tract "C" containing 2.36 acres, more or lees, all situated in "VERO BEACH HIGRIANDS UNIT FIVE" accord-ing to the plat thereof recorded in Plat Book 8 at Page 56 of the Public Records of Indian River County, Florida. - O zlsIIN 1522 I VERO BEACH HSCHIJJ.US PROPOSED P.O.A. ASSESSMENTS Ilea Description Yearly Expense Expense Per Unit Pair nt- A) Fecreatlon Cmbltx Salaries 60,000 33.44, 2.78 , Payroll Tames and Insurance 15,000 3.36 .70 Stationery and Supplies 6,000 3.34 .28 Telephone 3,600 2.01 .17 Repairs S Maintenance - General 15.000 8.36 .70 Utilities 15,000 t.36 .70 Pool Heating S Chemicals 20,000 11.14 .93 Outslde Services 20,000 11.15 ,93 Property Taut 9.000 5.02 .42 Insurance 6.000 3.34 .28 Grounds Maintenance 21.000 13,38 I'll Sub -Total 193,600 107.90 9.00 S) lagoon, loth Piaci. Sion Entre S ►asstys park Grounds Melntenance 160,000 69.20 7.43 Perking Lot Maintenance 5,000 7.34 .78 Utilities - (lagoon S Park) 28,000 15.62 1.30 General Repairs, Plumbing, etc. 10,000 " 11.15 .93 Lights, fMet, and other 18,000 10.03 .83 Mlscallaneous .. 4,960 t.76 .23 Sub -Total 2g.960 132.10 _11.90 TOTAL AJp •560 240.00 20,00 SCHEDULE 'C' Work Description 4 People P 15,000 per year. 251 of Basic Salaries. Office Supplies and Stationery 2 Telephones P $150 par ncnth. Electric, Wear, Sewer. Chemicals for 2 Pools, 8 Heating 011. Garbage Collation, Exterminating, Cleaning, etc. Land. Real Estate 5 ImVrov"nts. Property S Liability Insurance Amenity areas only, Mowing, Fortillztng, etc.- Mowing, Trimming, Fertilizing, etc. Parking Lot ReDain or Repaving as needed. Lights, Water, Pumps to Lagoon, S Entrance area. Repairs to Equipment 1n Entrance lagoon Lighting entrants, Park, etc. Misc. Expense of general nature an N Lys J SCIMULE "D" All these certain tracts or parcels of land lying to Section 36, Township 33 South, Range 39 East and Section 31, Township 33 South, Range 40 East, rare Particularly bounded and described as follows: - PARCEL "A" Bounded on the North by 19th PLACE S.W. as Shan on Plat of *VERO BEACH HIGHLANDS UNIT FIVE" as recorded 1n Plat Book 8. Page 56 of the Public Records of Indian River County. Florida; on the East by 8th AVENUE S.W. as shorn on Plat of "VERO BEACH HIGHLANDS UNIT TAO" as recorded to Plat Book Z. Page 77 Of the Public Records of Indian River County; an the South by the North Right of Way line of CANAL '9-100; on the West by 12th AVENUE S.W. as shown on Plat Of 'VERO BEACH HIGHLANDS UNIT I=" as recorded in Plat Book 8. Page 38 of the Public Records of Indian River County. Containing 54.93 Acres, more or, less. PARCEL "Be Bounded on the North by the South Right of Way line of CANAL '8-10"; on the East by 6th AVENUE S.W. as shown on Plat of "VERO BEACH HIGHLANDS UNIT TWO" as recorded in Plat Book 2, Page 77 of the Public Records of Indian River County; on the South by 23rd STREET S.W. as shown on Plat of "VERO BEACH HIGHLANDS UNIT FIVE" as recorded in Plat Book S. Page 56 of the Public Records of Indian River County,. on the WEST by 12th ROAD S.W. and 12th AVENUE S.W., each in part, as shown on Plat of "VERO BEACH HIGHLANDS UNIT FOUR" as recorded in Plat Book 8, Page 38 of the Public Records of Indian River County. Containing 125.5 Acres. more or less. PARCEL "C" Bounded on the North by the South Right of Way line of Canal "J-5'; on the Southeast by 23rd STREET S.W., as shown on Plat of "VERO BEACH HIGHLANDS UNIT TWO" as recorded in Plat Book 2, Page 77 of the Public Records of Indian River County; on the West by 6th AVENUE S.W. as show on said Plat of "VERO BEACH HIGHLANDS UNIT TWO". Containing 8.7 Acres, more or less. PARCEL "D" Bounded on the North by 23rd STREET S.W., as shown on Plat of "VERO BEACH HIGHLANDS UNIT TWO• as recorded in Plat Book 20 Page 77 of the Public Records of Indian River County, and the South Right of Way line of Canal 'J-5', each 1n part; on the East by the West Right of Way line of Lateral Canal "J"; on the South by General Developnent Utility :.o. property; and on the West by 6th AVENUE S.W. Containing 35 Acres,'miore or less. All lying and being in Indian River County, Florida. m my� N Cj� Ar,•- r`nz meati N MOD= e Page 1 of Schedule '•➢" �ftblIRA 151t i WENT L ROSMCO'V— ss ravad 314495o..�p.-•c�.�e e.,t�amn I DD GENERAL DEVELOPMENT CORPORATION ) A DELAWARE CORPORATION ) TO WHOM IT NAT CONCERN ) AMENDMENT TO DECLARATION OF COVENANTS 8 RESTRICTIONS, WHEREAS, General Development Corporation, a Delavare corporation authorized to do business in the State of Florida, hereinafter referred to as 'Developer' is the majority owner of the following described properties situate, lying and being in Indian River County, Florida to -it: 0 Lots and blocks situated in the following Plate. to -wit: VERO BEACH HIGHLANDS dNIT ONE, according to the plat thereof recorded in Plat Bonk 5 at Page 29 of the Public Records of Indian River County. Florida. VERO BEACH HICRLANDS UNIT TWO. according to the plat thereof recorded in Plat Book 5 at Page 77 of the Public Records of Indian River County, Florida. MO BEACH HIGHLANDS UNIT THREE, according to the plat thereof recorded in Plat Book 8 at Page 77 of the Public Records of Indian River County. Florida. -,ERO BEACH HIGHLANDS UNIT FOUR. according to the plat thereof recorded 1n Plat Book 8 at Page 78 of the Public Records of Indian River County, Florida. MO BEACH HIGHLANDS UNIT FIVE, according to t; • plat thereof recorded in Plat Book 8 at Page 56 of the Public Records of Indian River County, Florida. WHEREAS, the Developer has caused to have recorded a Declaration of Covenants and Restrictions covering the entire subdivision above-descrtb- ed, which Declaration vas executed on November 109 1980, and filed and recorded in the Public Records of Indian River County, Florida, on November 12, 1980, in official Record Book 0611 at Pages 1496 through 1525; and WHEREAS pursuant to Article R. Section I of said Declaration of Covenants and Restrictions it is provided in substance that said Declaration of Covenants and Restrictions may be altered, amended or rescinded -in vhole or in part at any time by the then fee owner or fee owners appearing of record of two-thirds (2/I) of the lots affected by the respective provisions of these restrictions; and _ to _ _ a �� N VR£RFAS the Developer at present 1s the owner of more than tvo- thirds (2/7) of the lots described Sn the said Declaration of Covenants and Restrictions; and ' WHEREAS at a special meeting Of members and directors of Vero Beach Highlands Property Owners' Association, Inc. held on April 9, 1982, at which meeting the necessary and required quorum was Present. the following amendments to the Declaration of Covenants and Restrictions were unanimously approved. NOW THEREFORE, the Developer does hereby and herewith file this Amendment to the Declaration of Covenants and Restrictions to amend Article X. Section 1, as follows, to-vlt: Amendments. Anything in this Declaration con trery notwithstanding. to the this Declaration of Covenants and Restrictions may be amended from time to time by the Developer and, after "turrover", by recording among the Public Records If Brevard County, EY o: tde, an instrument executed by the President and attested to by the Secretary of the Association Indicating that at a meeting e.,lled for that Purpose, two-tb Lrds (213) of each class of fee owners have approved such amendment. Provided, however, that no amend- m,.nt affecting the rights or obligations of General Development Corporation, Sts successors or assigns, may be ma4e after the "turnover" without written consent of General Development. - In all other respects Che terms, covenants and conditions contained in the Declaration of Covenants and Restrictions executed on November 10, 1980, and filed and recorded in the Public Records of Indian River County, Florida, on November 12, 1980, in Official Record Book 0611 at Pages 1496 through 1525; and be, and the same are hereby ratified approved and, confirmed. IN '"'TRESS WHEREOF, General Development Corporation has caused these presents to be executed by Sts proper offices hereunto duly authorized LEG/95.46 - 2 - -O and its corporate corporate seal to be affixed at Miami, Dade County, Florida this day of April. 1982. :"'4t1 rf c'♦ ,1 GENERAL By - Senior VicyFr 4*%K........ Attes Sul J. S Assistant eatery ' STATE OF FLORIDA ) )SS COUNTY OF DADE ) The foregoing instrusent vas acknovledged before me this /S day of April. 1982 by C.C. CRUMP and SAUL J. SACK, vho are the Pres, ant and O Assistant Secretary, respectively, of GENERAL DEVELOPMENT CORPORATION, a Delaware corporation authorized to conduct business in the State of Florida, on behalf of the Corporation. a nE,T 3 1. NO Y PUBLIC _ � a i 1 S e of Florida qyt ;!Large My Coemission Expires: �' .� )_..i yu v n,a IC naR O D.ralsA At LAW , r•.1: ,a 1151oe10916 ray 74 1917 s � .: •r., ;4 ut nb. uepr 'Tsa r m N i LEG/95.46 c m•s o a� DO THIS rNSI MEET PREPARED BY 359J41Peter L. Bretons Esq. General Development Corp. 1111 South Bayshore Drive Miami, Florida 33131 GENERAL DEVELOPMENT CORPORATION a a a SUPPLEMENTAL DECLARATION OF To Whom It May Concern a COVENANTS a RESTRICTIONS axxxfeff Nafxxxa}xxf RMNNHHxx KNOW ALL -MEN BY THESE PRESENTS THAT: WHEREAS, General Development Corporation, ■ Delaware corporation authorized to do business in the State of Florida, whose addresss is 1111 South Saysbore Drive, Mimi. Florida (hereinafter "General"), caused to. be recorded a Declaration of Covenants and Restrictions at O.R. Book 0611, Page 1494 of the Public Records of Indian River County. Florida (hereinafter the "Detlaratton"), which Declaration affects Inter alts, certain lots end tracts in Vero Highlands subdivision; and WHEREAS, General is the 'Developer" with respect to the Declaration; and WHEREAS. General is also the Owner of real property described In Schedule "A" attached to this Supplemental Declaration (hereinefter the "Subject Property"); and WISREAS, Article IIIA, ADDITIONAL MEMBERS, of the Declaration provides that "Prior to turnover of control of the Association. the Developer alone, may admit to membership, persons other than the record owners of lots described in Schedules A and D"; and WHEREAS. General currently controls the As•ociatlon. NOW, THEREFORE. General declares that the Subject Property is and shall be held, transferred, sold. conveyed and occupied subject to the covenants and restrictions, easements, charges and liens set forth in the G: :laration. and that every person or entity who to a record owner of a fee or undivided fee interest in the Subject Property shall be a member of the .Vero Beach Highlands property Owners' Association. Inc. and subj act: ito its jurisdiction. t, , -� IN WITNESS WHEREOF, General Development Carport on.. a Delaware corporation, has caused these presents to b exeouted by its proper officer and its corporate goal to be affixed this�day of 3� . 198!7 . Signed, sealed and delivered In the presence of: •1 GLTIERAL DL'1RIEPf CORPORATION STATE OF FLORIDA ) COUNTT OF DADE )ss. The foregoing instiument was acknowledged before me this Soh day of a�i�y¢ 1983, .by C. C. CHIMP and SAUL J. SACK. Senior Vice Pr�eht and Assistant Secretary. respectively, of GENERAL DEVELOPMENT CORPORATION, rn. behalf of the Corporation. L'^t NOTARY PUBLIC My Commission Expires: v. hOTAm MLIC SrAlt OF nCLIDA AT LAIM Mt COBMOIION WIAS U. 019$4 ICtM DOU PLNUAL IM, UV D: ODMS IM POP16FIAnA S=ULE "A" those certain lots and blocks situated in A Resubdivision of Portions of Block 65 through 69 Pero Beach Highlands Unit Tiro a subdivision according to the plat thereof as recorded in Plat Book 6, Page 70 of the Public Records of Indian River County Florida, ere hereby designed as the Subject Property". to-n'lt: BLOCK LOT V. 65 3 . 65 a 65 6 65 7 y 65 B 21 67 12 gq ]6 Those certain Sots and blocks situated in Vero Beach "IRhlards Unit Two, a subdivision according to the plat thereof es recorded in Ple[ Book 5. Page 77 of the Public Records of Indian River County Florida, are hereby designed as the Subject Property", to-vit: BLOCK LOT 72 6 J Those certain lots and blocks situated in Vete Beach Highlands Unit thereof as recorded Sn Plac gook Four, a 8, Pege subdivision according to the plat 55 14 3H of the Public Records of Indian River County Florida, are hereby designed as the Subject Property", to -wit: BLOCK LOT W 119 22 129 12 129 130 13 3 •/ 132 1 132 2 136 6 n z nz Those certain lots and blocks eltuet.d in Veto Beech Highland"_ Unit Five, a :.c= to the plat thereof e" recorded Sn Plat Book B, Pege 56 of the Public Records of Indian Heacro*ding River County Florida, are hereby designed ae the Subject Pioperty". to -wits r BLOCK LOT 55 14 111 17 W o, r, r n z nz :.c= Q rimz r _ 2 _ LEc/3/06ro2/e3 90670PAGE I An Q 3Wss 3�j• This Instrument Prepared By: Ned M. Shandloff, Esq. 1111 South Bayshore Dr. Miami, FL 33131 SENERAL DEVELOPMENT CORPORATION) A DELAWARE CORPORATION ) TO WHOM IT MAY CONCERN ) - � AMENDMENT TO DECLARATION i OF COVENANTS b RESTRICTIONS WHEREAS, General Development Corporation, a Delaware corporation author- ized to do business in the State of Florida, whose address is 1111 South Bay shore \\QQ Drive, Miami, Florida 33131, hereinafter referred to as "Developer" has caused to �C have recorded a Declaration of Covenants and Restrictions, which Declaration was executed on November 10, 1980 and recorded in O/R Sook 611 at pages 1494-1525, as \� amended April 15, 1982, and recorded in O/R Book 641 at pages 2815-2817; as amend - ad by a Supplemental Declaration of Covenants t Restrictions on July 25, 1983 and I recorded in O/R Book 670, pages 1808-1809 all being of the Public Records of Indian r River County, Florida; and, ' . V WHEREAS, pursuant to the Amendment to Article X. Section 1 of said ti Declaration of Covenants and Restrictions it is provided, in substance, that the \ pe Declaration of Covenants and Restrictions may be amended from time to time by the Developer prior to "turnover" of the Vero Beach Property Owners' Association, Inc. ("Association"); +end, -C WHEREAS, Oeveleper is also the owner of real property described in Sched- ule "D" attached to this Amendment to the Declaration of Covenants and Restrictions. WHEREAS, the Developer at present as Class B Member has more total votes outstanding than the Class A Members and Developer currently controls the said v Association. NOW THEREFORE, the Developer does hereby and herewith file this Amend- ment to the Declaration of Covenants and Restrictions to amend the Declaration of Covenants and Restrictions in the following respects: That every and all reference to Schedule "D", and Parcel "A", Parcel "B", Parcel "C" and Parcel "D" contained therein of the Declaration of Covenants and Restrictions above-described, be deleted in its entirety from the Decla-ation of Covenants and Restrictions above-described. IN WITNESS WHEREOF, General Devrlopment Corporation has caused these 1 presents to be executed by its proper officer hereunto duly authorized and its corpo- rate seal to be affixed at Miami, Dad-�F e County, Florida this day of July, 19&6. 1, 'GENERAL DEVELOPMENT fsCSinf4M�'• By: Attest C. Cru r ; r .. . Senior Vice UJ ident � �, ;'�.7 UJ � os a Na 61 Tr o&I r i +'tiO3 c_v. -. nn,an9I5 9 LAW/1070.0141/0002.0.0 _2_ ..0690PA6E021 b' State of Florida ) County of Dads ) I HEREBY CERTIFY that on this y of }�i"s,Q�, 1984, before me personally appeared C.C. CRUMP and NANCY H. DEN, S for ice President and Secretary, reapectlyely, of GENERAL DEVELOPMENT CORPORATION, a Delaware corporation, to me known to be the persons described In and who executed the foregoing Amendment to the Declaration of Covenants and Restrictions as such officers of said corporation for the uses. and purposes therein mentioned, and that they affixed thereto the 1 official seal d said corporation, and that the said Instrument Is the act and deed of said corponfion. WITNESS my signature and official seal at Miami, In the County of Dade, State of P Florida, the day and year last aforesaid. R y�tt` 1 Jf t. w9 lA.L +!• Cy ,,1 O RY PUBLI ; �� s St a of Florida at Lang My Commission Expires: NOTARY DOLOE STATE O< LLORDIC C ne' GP My Mv WIM Y 241916 9 LAW/1070.0141/0002.0.0 _2_ ..0690PA6E021 b' All those certain tracts or parcels of land lying in Section 36, Township 33 South, Range 39 East and Section 31, Township 33 South, Range 40 fast, more particularly bounded and described as follows: - PARCEL 'A' Bounded on the North by 19th PLACE S.M. as shown on Plat of -VERO BEACH \� HIGHLANDS UNIT FIVE' as recorded in Plat Book 8, Page 56 oP the Public Records \YY` of Indian River County, Florifa; on the East by 8th AVENUE S.W. as shown on r0 Plat of •VERO BEACH HIGHLANDS UNIT TWO' as recorded in Plat Book 2. Page 77. of the Public Records of Indian River County; on the South by the North Right of Way line of CANAL 08-100; on the West by 12th AVENUE S.W. as shown on Plat Q of 'VERO BEACH HIGHLANDS UNIT FOUR' as recorded in Plat Book 8, Page 38 of the Public Records of Indian River County. Containing 54.93 Acres, more or less. v PARCEL '8' �1 Bounded on the North by the South Right of Way line of CANAL 'B-10'; an the East by 6th AV4'UE S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT TWO' as recorded in Plat Book 2,.Page 77 of the Public Records of Indian River County; on the South by 23rd STREET S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT FIVE' as recorded in Plat Book 8, Page 56 of the Public Records of Indian River County; on the WEST by 12th ROAD S.W. and 12th AVENUE S.W., each in part, as shown on Plat of 'VERO BEACH HIGHLMCS UNIT FOUR* ` q as recorded in Plat Book S. Page 38 of the Public Records of Indian River c�,l ojji County. Contlining 125.5 Acres, more or less. PARCEL 'C' Bounded on the North by the South Right of Way line of Canal '04'; on the V Southeast by 23rd STREET S.N., as shown on Plat of -VERO BEACH HIGHLANDS UNIT TWO' as recorded in Plat Book 2, Page 77 of the Public Records of Indian River County; on the West by 6th AVENUE S.M. as shown on said Plat of 'VERO BEACH 1� HIS:ZANDS UNIT TWO'. Containing 8.7 Acres, more or less. PARCEL 'D' Bounded on the North by 23rd STREET S.W., as shown on Plat of 'VERO BEACH HIGHLANDS UNIT TWO' as recorded in Plat Book 2, Page 77 of the Public Records of Indian River County, and the South Right of Way line of Canal 'J-5', each in part; on the East by the West Right of Way tine of Lateral Canal 'J% on the South by General Development Utility Co, property; and on the West by 6th AVENUE S.W. Containing 35 Acres, more or less. All lying and being in Indian River County, Florida. Page 1 of 2 ;�0690PASE0211' 0 b �S 0 3 a n < n u �ro a s H VERO BEACH HIGHLANDS UNIT FIVE M P.B.6 r PB. 56 N • 8 0 2 18 r fN f) to 1 —moi r ... ..`� 1l.A K. Sm w n m n r4�5 u > z r.rz n �` c E40 AS sw r0,r _4 0 m m va r Ca 1 Nmr � p 246PLSA cT z ri 23111n" — 1 1 01 -- —COUNTY LINL CANAL---_ ' I • VERO BEACH HIGHLANDS UNIT FIVE PH.8,PG.56 1�at ? #/ �� 3 'Z/¢IZCIJ�iG7L' w'1�3�- SE U$ (.I LD A&ae Z�' • r O _ _ m m E JE L LA —a No n- .1 . N p a 3 s < n �' 3 VERO BEACH HIGHLANDS UNIT TWO A O_ i♦ I z A = i✓i • m r < P.O. 2 , N �� P0.77 °� m �� q�A Pr I a oO P zNl us _________ CANAL 6-10 nr si s>r P* m m � - `V _____-______""-"_________ -__ (NOT UICLUDED) ------------------ — --'�----------�—=------ _____� GeN• LNQriN��uoS41___ ___ _ v A `\11� a' m m 0 ➢ . 0 b �S 0 3 a n < n u �ro a s H VERO BEACH HIGHLANDS UNIT FIVE M P.B.6 r PB. 56 N • 8 0 2 18 r fN f) to 1 —moi r ... ..`� 1l.A K. Sm w n m n r4�5 u > z r.rz n �` c E40 AS sw r0,r _4 0 m m va r Ca 1 Nmr � p 246PLSA cT z ri 23111n" — 1 1 01 -- —COUNTY LINL CANAL---_ ' I GENERAL DEVELOPMENT CORPORATION) A DELAWARE CORPORATION ) TO WHOM IT MAY CONCERN ) This Instrument Prepared By: Ned M. Shandloff, Esq. 1111 South Bsy.hoca Dr. Miami, FL 33131 AMENDMENT TO DECLARATION OF COVENANTS 6 RESTRICTIONS WHEREAS, General Development Corporation, a Delaware corporation author- Ized to do business in the State of Florida, whose address is.1111 South Bayshora Drive, Miami, Florida 33131, hereinafter referred to as "Developer" has caused to have recorded a Declaration of Covenants and Restrictions, which Declaration was executed on November 10, 1980 and recorded in 0/R Book 611 at pages 1494-1525, as amended April 15, 1982, and recorded In O/R Book 641 at pages 2815-2817; as smen•1- ed by a Supplemental Declaration of Covenants L Restrictions on July 25, 1983 and recorded In O/R Book 670, pages 1808-1809 all being of the Public Records of Indian River County, Florida; and, WHEREAS, pursuant to the Amendment to Article X, Section 1 of said Declaration of Covenants and Restrictions it Is provided, in substance, that the Declaration of Covenants and Restrictions may be amended from time to time by the Developer prior to "turnover" of the Vero Beach Property Owners' Association, Inc. ('Association"); and, WHEREAS, Developer is also the owner of real property described in Sched- ule "D" attached to this Amendment to the Declaration of Covenants and Restrictions. WHEREAS, the Developer at present as Class B Member has more total votes outstanding than the Class A Members and Developer currently controls the said Association. NOW THEREFORE, the Developer does hereby and herewith file this Amend- ment b the Declaration of Covenants and Restrictions to amend the Declaration of Covenants and Restrictions in the following respects: That every and all reference to Schedule "D", and Parcel "A", Parcel "B", Parce! "C and Parcel "D" contained therein of the Declaration of Covenants and Restrictions , above-described, be deleted in its entirety from the Declaration of Covenants and Restrictions above-described. IN WITNESS WHEREOF, General Development Corporation has caused these presents to be executed by Its proper officer hem,,nto duly authorized and its corpo- rate seal to be affixed at Miami, Dade County, Florida thisie� day of July, 1960. GENERAL DEVELOPMENT CORPdRATION By F. Crumpr Senior Vice ident i a0690PAH 021q ? 1 State of Florida ) County of Dade ) _j �7 i HEREBY CER Ti.`Y that oa :Sit oaY c' .� 15Mw^^e ,ne xnonaliy appeared C.C. CRUMP and NANCY H. ROEN, 5 ie odi rice President and Secretary. respectively, of GENERAL DEVELOPMENT CORPORATION, ■ Delaware corporation, to me known to be the persons described in and who executed the foregoing Amendment to the Declaration of Covenants and Restrictions as such officers of said corporation for the uses and purposes therein mentloned, and that they affixed thereto the official seal of said corpontlon, and that the said Instrument Is the act and deed. of sold corporation. WITNESS my signature and official seal at Miami, in the County of Dade, State of Florida, the day and year last aforesaid. z 41 O zz PUBLIC State of Florida at Larg My Commission Expires: POTAtY IMZK STATE OF ROtmR scrap n+.� crasat siAxn.4 vn. Ah [exrisvon onus AAS :. fres LAW/1070.0141/0002.0.0 -2- - _....,'M a 9n u n S� 1D" All those certain tracts or parcels of land lying in Section 36, Township 33 South, Range 39 East and Section 31, Township 33 South, Range 40 East, acre particularly bounded and described as follows: - PARCEL 'A' Bounded on the North by 19th PLACE S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT FIVE" as recorded in Plat Book 8, Page 56 of the Public Records of Indian River Canty, Florida; on the East by 8th AYENUE S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT TWO" as recorded in Plat Book 2, Page 77 - of the Public Records of Indian River County; on the South by the North Right of Way line of CANAL "B-101; on the West by 12th AVENUE S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT FOUR" as recorded in Plat Book S. Page 38 of the h1r6,, Public Records of Indian River County. "J Containing 54.93 Acres, more or less. k PARCEL 'B" , ` •% Bounded on the North by the South Right of Way line of CANAL "B-10"; on 91\ the East by 6th AVENUE S.W. as shown on Plat of 'VERO BEACH HIGHLANDS UNIT D TWO" as recorded in Plat Book 2. Page 77 of the Public Records of Indian River County; on the South by 23rd STREET S.W. as shown on Plat of "VERO JJJ G BEACH HIGHLANDS UNIT FIVE' as recorded in Plat Book 8, Page 56 of the Public Records of Indian River County; on the WEST by 12th ROAD S.W. and 12th AVENUE S.W., each in part, as shown on Plat of 'VERO BEACH HIGHLANDS MIT FOUR" as recorded in Plat Book 8, Page 38 of the Public Records of Indian River County. V pN Con'aining 125.5 Acres, more or less. �l PARCEL 'Co Bounded on the North by the South Right of Way line of Canal "J-5'; on the Southeast by 23rd STREET S.W., as shown on Plat of "VERO BEACH HIGHLANDS UNIT TWO' as rem-ded in Plat Book 2, Page 77 of the Public Records of Indian River County; on the West by 6th AVENUE S.W. as shown on said Plat of "VERO BEACH HIb;SANDS UNIT TWO". Containing 8.7 Acres, more or less. PARCEL "0" Bounced on the North by 23rd STREET S.W., as shown on Plat of 'VERO BEACH HIGHLANDS UNIT TWO. as recorded in Plat Book 2, Page 77 of the Public Records O (k of Indian River County, and the South Right of Way line of Canal "J-5', each J� U in part; on the East by the West Right- of Way line of Lateral Canal "J on the South by General Developnent Utility Co. property; and on the West by 6th AVENUE S.M. Containing 35 Acres, more or less. All lying and being in Indian River County, Florida. Page 1 of 2 aoo:0 69 0 PA6E 0 2 2 1 -- -- scEM= -c^ s- SCALE I". 600• r! I I PARCEL "F" GENERAL I CZVCLCPMENT 1 aI; PARCEL "D" UTILITIES I 1 1 d jPARCEL PARCEL "0" 1 �1 �� � RGF- 40 E. +", _0 _ _ r Ar-"r 1 6 26136 1 RGE. 39 E. J I •� 9 �r-iI t ppb " AMENITY r' � = 4SAL • AREA al ti A w I I m eT� It PARCEL � II .E. v 4 LI �arn no. S.W. Z• = i I L� = II ^a•n*Ar SM, Z m I I P A R C E L l' I " B " • � r I I `7 i 11 .. �I 'I I ' JIL___) I 1 61hAV S.M. ain AVE-S.W. I 1O i l n II > a II Iia � m W OI IW r > nl�lo m IOM AVE SX PARCEL `•1 �? IOta AVE.S.W = m J 11 a 2 Irl W u II m - 2 S II W • Cv II > N m 1 i •-' > C VERO BEACH MJGN_ANOS n. 1 I.MT FOI.'R PA B , PG.3E $ Page 2 of 2 THIS INSTRUMENT PREPARED By P-✓ 405026 NED M. SHANDLOFF, CSQ. N' `f F,t) 1111 South Bayshore Drive [+� Miami, Florida 33131 GENERAL DEVELOPMENT CORPORATION) A DELAWARE CORPORATION ) .0 WHOM IT MAY CONCERN )AMENDMENT TO DECLARATION OF COVENANTS E RESTRICTIONS WHEREAS, GENERAL DEVELOPMENT CORPORATION, a Delaware corporation authorized to do business in the State of Florida, whose address is 1111 South Bayshore Drive, Miami, Florida 33131, hereinafter referred to as -Developer' has caused to. have recorded a Declaration of Covenants G Restrictions of Vero Beach Highlands Property Owners' Association, Inc., executed on November 10. 1980 and recorded in O/R Book 611 at pages 1494-1525: as amended April 14, 1983, and recorded in O/R Book 641 at pages 2815-3817: as amended by a Supplemental Derinra- tion of Covenants s Restrictions on July 25, 1933, and recorded in O/R Book 670 at pages 1808-1809; as amended July 10, 1984 and recorded July 19, 1984, in O/R Book 690, pages 215-222 of the Public Records of Indian River County, Florida: and, WHEREAS, pursuant to the amendment to Article X. Section I of said amended Declaration of Covenants G Restrictions says, in substance, that the Declaration of Covenants and Restrictions may be amended from time to time by the Developer prior to -turnover" of the Vero Beach Property Owners' Association, Inc.; and, WHEREAS, the Developer at present as Class B MemSer has more total votes outstanding than the Class A Members and Developer currently controis the said Association. NOW THEREFORE, DEVELOPER does hereby and herewith amend the aforesaid amended Declaration of Covenants L Restrictions of Vero Beach Highlands Property Owners' Association, Inc. by deleting from the second paragraph of Article V, Section - 3 the following sentence: "The assessments for any year after the first year shall become due and payable , on the first day of January of said year." and suhstituting therefore the following sentence: "Assessments for any year after the first year shall become due and payable in .two semiannual payments. The first such payment shall become due and payable on the first day of February of said year and tits second such payment shall become due and payable on the first day of August of said year." In all other respects the terms, covenants and conditions contained in said Declaration as amended be and the same are hereby ratified, approved and confirmed. IN WITNESS WHEREOF, GENERAL DEVELOPMENT CORPORATION has caused this Amendment to the Declaration to be duly executed and its corporate seal to be here- unto affixed this 23rd day of January, 1985. Signed, .sealed and delivered In the presence of:' 1•Gl STATE OF FLORIDA) COUNTY OF DADE )ss. GFNERAL DFVELOPMENT CORPORATION h.• r BY: C. CR NIP %i SENIOR V CE P ESIDENT•7'.i;;: < il'• THE FOREGOING AMENDMENT TO DECLARATION was acknowledged before -me this 23rd day of January, 1985 by C.C. CRUMP, Senior Vice President of GENERAL DEVELOPMENT CORPORATION, to me known to be the person described In and who executed the foregoing Amendment to the Declaration of Covenants and Restrictions as s such officer of said corporation for the usesand purposes therein mentioned: and str that he affixed thereto the official seal of said corporation, and that the :to ... . u- ment is the act and deed of said corporation. WITNESS my signature and official seal at Miami, in the County of--p>tdeaQSfatg—of� g Florida, the day 'and year last aforesaid. _y t. o.e O --@ •r4 J ,: c , e My commission expires: 9"A peal Ic rae•'C � of- Florida at Laroe � +auw AIt ^+n r n^e•^, �1�� J��l}�l �41ai2�i1�5� .: -� oo� � � u �� a g�.� � ��_, 1 3 ¢tom— L v'iy CG> to 2.c',z.. 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SHANDLOFF, ESQ. 1111 South Beyshore Drive �7 Miami, Florida 33131 General Development Corporation ) A DELAWARE CORPORATION ) TO WHOM IT MAY CONCERN AMENDMENT TO AMENDED DECLARATION OF COVENANTS r RESTRICTIONS OF Vero Beach Highlands Property Owners' Association, Inc. WHEREAS, General Development corporstion. a Delaware corporation authorized to nbusiness in whose 1111 Sos hore Dritransact e MImi, Foda,hereinafter referred to as "DEVELOPER", has "Used thave rawrded a Declaration of Covenants 6 Restrictions of Vero Beach Highlands Property Owners' Association, Inc., executed November 2 980recorded , and Ind In Book Book 611, pages 1494-1525; as amended April 15, 198 pages 2815-2817; as amended by a Supplemental ��Declaration in R. Covenants v nantspa es and Restrictions, executed July 25, 1983, and 1808-1809; as amended July 10, 1984 and recorded twice on July 19, 1984, in O/R 46- Book 690, Pages 215-222; as amended January 23, 1985 and recorded on January 28, c7 19&5 in O.R. Book 0701, Page 1714; as amended by a Supplemental Declaration of N Covenants and Restrictions on June 14, 1985, and recorded July 12, 1985, In O.R. N 800 k 713, Page 18, all of the Public Records of Indian River County ("AMENDED 94 DECLARATION-). 4�— S WHEREAS, DEVELOPER Is a fee owner of portions of the following described end being in Indian River �yTV,subdivision plats, which properties are situate, lying County, Florida to -wit: 9 W VERO BEACH HIGHLANDS UNIT ONE, recorded in Plat Book 5, Page 29, ,d 4 u4(§ VERO BEACH HIGHLANDS UNIT TWO, recorded in Plat Book 5, Page 77, VERO BEACH HIGHLANDS UNIT THREE, recorded �e Plat Book 8, Page e37, VERO BEACH HIGHLANDS UNIT FOUR, ��� in Plat Book 8, Page 5 8 oq n7 J VERO BEACH HIGHLANDS UNIT FIVE, V all of the Public Records of Indian River County, Florida (hereinafter "VERO SUBDIVISION PROPERTIES"); WHEREAS, Article X, Section 1, as amended on April 15, 1982, of said AMENDED DECLARATION says, In substance, that "this Declaration of Covenants and 12 Restrictions may be amended from time to time by the Developer ... "; and, WHEREAS, Article IIIA of the aforesaid AMENDED DECLARATION provides that 'l "Prior to turnover of control of the Association, the Developer alone may admit to membership persons other than the record owners of lots described In Schedules A" and "O" of the AMENDED DECLARATION; and, on Exhib�EA", and wishess to add them toLOPER Is the er of the schemse certain lots e of he Declaration; and, attached NOW THEREFORE, DEVELOPER does hereby and herewith amend the aforesaid AMENDED DECLARATION by the following: The properties listed In Exhibit "A" ("Subject Property"), attached hereto and by reference made a part hereof, aro and shall be held, transferred, sold, conveyed and occupied subject to the aforesaid AMENDED DECLARATION, and that every person or entity who is a record owner of a fee or undivided Interest In any of the lots In the said Subject Property shall be aamember of subjectthe Vero Beach Might ts anda Property owbit ners' Association, Inc., jurisdiction; and said E as emanded,rof the AMENDEDA' shaft be added to DECLARATIONd become a part of the In all other respects the terms, covenants and conditions containedIn sold and AMENDED DECLARATION be and the some are hereby ratified,approved confirmed. O.R. 0816 P6 0636 IN WITNESS WHEREOF, General Development Corporation has caused this Amendment to the Declaration to be duly executed and its corporate seal to be here - es unto affixed this g — day of November 1938. • Signed, sealed and delivered General Development Corporation In the presence of: 3 BY: • HA OLD W. FENNO SENIOR VICE PRESIDENT STATE OF FLORIDA) COUNTY OF DADE )ss. THE FOREGOING AMENDMENT TO DECLARATION was acknowledged befora me thisIQ day of November 1988, by HAROLD W. FENNO, Senior Vice President of Genera'Development Corporation on behalf of the corporation. t My commission expires: . NO Y PUBLIC a' - am nrrc u.n w - Sta of Florida at Large — - o® naa aoa rn. ec. - S' LAW -1000/0002.0.0 - 2 'i ' n--nckr on 006 7 � o P -SOT ^g �xT o •rc i Sic 1r � O � LAW -1000/0002.0.0 - 2 'i ' n--nckr on 006 7 Y:. is EXHIBIT "A" ADD GDC OWNED followeing platscertain l�recorded blockss and nthe PubblilicinVERO Records BEACH Ind Indian RiverS In the County, Florida. VERO BEACH HIGHLANDS UNIT TWO, according to the plat thereof, reco in Plat Boo 5, Page 77 of the Public Records of Indian River County, Florida. BLOCK LOT VB2 TOTALS 65 17 1 66 51 67 15-25 11 68 1-21 21 TOTAL LOTS VB 2: 34 34 VERO BEACH HIGHLANDS UNIT FOUR, according to t e plat thereo , recorded in Pat Boo aY Page Florida. the Public Records of Indian River Coun BLOCK LOT VB4 TOTALS 126 14 1 132 9 1 137 20 1 TOTAL LOTS VB 4: 3 3 VERO BEACH HIGHLANDS UNIT FIVE, according to the p at the record in Plat Book Page 56 of the Public Records of Indian River County, Florida. BLOCK LOT VB5 TOTALS 44 6 1 47 1-3, 19, 20 5 61 13 1 TOTAL LOTS VS 5: 7 TOTAL VERO BEACH: 44 111 I11< 1 1 -1- nn�n nn n(�qn . 2 �yQy1U 577140 THIS INSTRUMENT PREPARED BY: NED M. SHANDLOFF, ESQ. 1111 South Bayshore Drive Miami, Florida 33131 General Development Corporation ) A DELAWARE CORPORATION ) TO WHOM IT MAY CONCERN ) AMENDMENT TO AMENDED DECLARATION OF COVENANTS b RESTRICTIONS OF Vero Beach Highlands Property Owners' Association, Inc. WHEREAS, General Development Corporation, a Delaware corporation authorized to transact business in the State of Florida, whose address is 1111 South Bayshore Drive, Miami, Florida, hereinafter referred to as "DEVELOPER", has caused to have recorded a Declaration of Covenants L Restrictions of Vero Beach Highlands Property Owners' Association, Inc., executed November 10, 1980, and recorded In O.R. Book 611, pages 1494-1525; as amended April 15, 1982 and recorded in O.R. Book 641, pages 2815-2817; as amended by a Supplemental D eclaraded In atti R. ofCovenants venantsand 670, pa9es Restrictions, executed July 25, 1983, 1808-1809; as amended July 10, 1984 and recorded twice on July 19, 1984, In O/R Book 690, pages 215-222; as amended January 23, 1985 and recorded on January 28, 1985 In O.R. Book 0701, Page 1714; as amended by a Supplemental Declaration of QCovenants and Restrictions on June 14, 1985, and recorded July 12, 1985, in O.R. v Book 713, Page 18, and as amended November 29, 1988 and recorded in O.R. Book Pages M2C, through��, all of the Public Records of Indian River y n County (-AMENDED DECLARATION ). J WHEREAS, DEVELOPER is • fee owner of portions of the following described subdivisionplats, which properties an situate, lying and being in Indian River County, Florida to-wit: d VERO BEACH HIGHLANDS UNIT ONE, recorded In Plat Book 5, Page 29, bra VERO BEACH HIGHLANDS UNIT TWO, recorcrcd In Plat Book 5, Page 77, �yy�v VERO BEACH HIGHLANDS UNIT THREE, recorded in Plat Book B, Page 37, vVERO BEACH HIGHLANDS UNIT FOUR, recorded In Plat Book 8, Page 38, VERO BEACH HIGHLANDS UNIT FIVE, recorded in Plat Book B. Page 56, 49 all of the Public Records of Indian River County, Florida (hereinafter -VERO SUBDIVISION PROPERTIES-); those portions of which properties set forth In Exhibits "A" and "B" aro covered by said AMENDED DECLARATION, and, WHEREAS, Article X, Section 1, as amended on April 15, 1982, of said AMENDED DECLARATION says, In substance, that "this Declarstlon of Covenants and Restrictions may be amended from time to time by the Developer ... "; and, WHEREAS, the DEVELOPER is the DEVELOPER under the Amended Declaration and DEVELOPER Is in control of the Board of Directors of the Association. WHEREAS, DEVELOPER Is the owner of those certain lots and tracts listed on the attached Exhibit "A", and Exhibit "B", and wishes to remove them from the scheme of the Declaration. NOW THEREFORE, DEVELOPER does hereby and herewith amend the aforesaid AMENDED DECLARATION by the following: A. Every and all reference to the Iota listed In Exhibit "A", attached hereto and by reference made a part hereof, are and shall be 'deleted in their entirety from the AMENDED DECLARATION above-described, and, mora specifically from Schedule "A", as amended of the AMENDED DECLARATION; and that every person or entity who is a record owner of a fee or undivided Interest in any of the lots in the said Exhibit "A" shall be removed from the Jurisdiction of the Vero Beach Highlands Property Owners' Association, Inc. B. Every and ell reference to the Common Properties listed In Exhibit "B", attached hereto and by reference made a part hereof, an and shall be deleted in their entirety from the AMENDED DECLARATION above-described, and, mon specifically from Schedule "B", as amended of the AMENDED DECLARATION; and that the Common Properties in the said Exhibit "B" shall be removed from the Jurisdiction of the Vero Beach Highlands Property Owners' Association, Inc., and all rights of Owners and Members to the Common Properties In the said Exhibit "B" aro hereby terminated. O.R. am'PG 0639 In all other respects the terms, covenants and conditions contained In said AMENDED DECLARATION be and the same aro hereby ratified, approved and confirmed. IN WITNESS WHEREOF, General Development Corporation has caused this Amendment to the Declaration to be duly executed and its corporate seal to be here- unto errunto affixed this Z� day of November 1989. Signed, sealed and delivered In the presence of- STATE OF FLORIDA) COUNTY OF DADE )ss. General Development Corporation H BV. � HAROLD W. FENNO SENIOR VICE PRESIDENT THE FOREGOING AMENDMENT TO DECLARATION was acknowledged before me this cZ4 day of November 1988, by HAROLD W. FENNO, Senior Vice President of General evelopment Corporation on behalf of the corporation. My connnlssion expires: r--- - -- _ _ U l y PUBLIC- enw nnn sm[ o na:.a Stat of Florida at Large w ammra m mr n.rm r... scsas tin aRsn M. M. . O.R. 0816 P6 _0640 m m u m T`r Iep 5 o -0S 'y O O.R. 0816 P6 _0640 EXHIBIT "A" ' LOTS DROPPED FROM POA Those certain lots and blocks situated In VERO BEACH HIGHLANDS in the following plats recorded in the Public Records of Indian River County, Florida. VERO BEACH HIGHLANDS UNIT ONE, according to the plat thereof, record in Plat Book 5, Page 29 of the Public Records of Indian River County, Florida. BLOCK LOT VB1 TOTALS 1 1, 2 2 2 11 1 4 1 1 5 1 1 7 1 1 TOTAL LOTS VB1 6 6 VERO BEACH HIGHLANDS UNIT TWO, according to the plat thereof, recorded in Plat Book 5, Page 77 of the Public Records of Indian River County, Florida. BLOCK LOT V82 TOTALS 19 3, 4, 6-8 5 27 2-10, 12, 15, 17-24 19 28 1-3, 7, 8, 12, 14, 16-19 11 29 4, 14, 16, 20, 23 5 TOTAL LOTS V82 40 40 VERO BEACH HIGHLANDS UNIT THREE, according to the plat thereof, recorded in Plat Book 8, Page 37 of the Public Records of Indian River County, Florida. BLOCK LOT VB3 TOTALS 74 3-5, 7-14, 18-21, 23, 24, 27 18 75 7-11, 14-16, 18 9 76 2, 3, 4, 17-19, 22 7 77 1-4, 6-11, 16, 18 12 78 2, 4-6, 8, 9, 13, 15-21 14 79 1-14, 21-27 21 TOTAL LOTS VB3 81 VERO BEACH HIGHLANDS UNIT FOUR, according to t e p at thereo , recordedin P1. book 8, Page 38 of the Public Records of Indian River County, Florida. BLOCK LOT 138 3 139 5. 15, 18, 20 140 1, 5, 9-11, 15, 24, 25 141 1, 2, 4-6, 15-17 142 3, 4, 8, 12, 14, 18, 20 143 5-7, 9, 19-22 144 51 81 9 145 1, 16, 20, 21, 24 146 2, 11, 13, 14 147 9-13, 16-22, 25, 26 148 5-7, 17, 18, 20-26 149 6, 7, 10, 11, 14, 18, 19, 25 150 1, 5, 9, 10-12, 14-18 151 4, 5, 10, 16, 18-20, 23, 24 152 1, 3, 10, 11, 14-16 133 6 154 2, 6, 7, 10, 11, 17, 20, 25, 27 153 2, 4-6, 8-12, 15, 17, 18 156 1, 2, 7-12, 17, 20-22, 26 TOTAL LOTS V134 V84 TOTALS 1 4 8 8 7 ,a 3 5 4 14 12 8 11 9 7 1 9 12 13 144 744 LAW -1000/0006.0.0 - 1 O.R. 0816 P6 0641 ' VERO BEACH HIGHLANDS UNIT FIVE, according to the �thereof, reco in at Book 8, Page 56 of the Public Record: of Indian River County, Florida. BLOCK LOT V85 TOTALS 80 1, 3-22 21 81 1-22 22 82 10-12, 15. 17-19, 21, 22, 25, 26 11 83 3-22 20 84 6-11, 13-20 14 85 2, 3, 7-10, 12-22 17 86 1-22 22 87 3-8, 11-20 16 88 1-6, 8, 9, 12, 14-18, 20-22 17 89 1, 16-20, 22-25, 27 11 90 7-12, 18, 19, 21, 23, 24, 2R 12 TOTAL LOTS VB5 183 183 TOTAL LOTS VERO BEACH 451 LAWy-1000/0007.0.0 • O.R. 0816 P6 0642 !V :.j .. _. ...�—.�. tutu_... ..__. ... EXHIBIT "B" COMMON PROPERTIES DROPPED FROM POA Those certain tracts situated in VERO BEACH HIGHLANDS in the following plats recorded in the Public Records of Indian River County. Florida: A The following described Tracts situated in VERO BEACH HICRIANDS UNIT ORE according to the plat thereof recorded in Plat gook 5 at Page 29 of the Publit Records of Indian River County. Florida, to wit: 1. A portion of Tract "A" being acre particularly described as follows: Beglnning at the Southeast corner of said Tract "A"; thence R. 89'-37'-00" W., along the South boundary of Said Tract "A", alae being along the north right-of-way line of S.W. 20th Place, a distance of 99.50 feet to • point; thence R. I3'-12'-00^ E., a distance of 96.12 feet to a point of Curvature of'a circular curve to the right; thence northeasterly and easterly along the arc of said carve having a radius of 25.00 feet and a central angle of 55"-07'-00" for m arc distance of 24.34 feet to a Point of Tangency; thence It. 68 59'-30" E., a distance of 20.67 feet to a point on the westerly right-of-way line of O.S. Highway NO. 1, also being a point on the easterly boundary of said Tract "A"; thence S. 19'-46'-00" E., along the westerly right- of-wsy line of U.S. Righway No, 10 Alan being along the easterly boundary of said Tract A". a distance of 126.75 feet to the Point of Beginning. Said lands situate, lying And being in Indian River Canty, Florida, and containing 0.17 acres, sore or less; and 2. Tract "B" plus one-balf of Southwest 21st Street that is the vacated right-of-way of Southwest 21st Street between U.S. Route ft. I and the East right-of-way of the Florida East Coast Railroad. g, Tract "A" in VERO REACH AICHI-ANDS UNIT FOUR According to the plat thereof recorded In Plat Book 8 At Page 38 of the Public Records of Indian River County, Florida; And C. Canal tracts described an follows: Tract "A" containing 1.64 acres, more or less, situated In "VERO)REACR RICBI.MNDS UNIT TARES" according to the plat thereof recorded in Plat Book 8 at Page 37 of the Public Records of Indian River County, Florida; And Tract "E" containing 3.19 Acres, cure or less, Tract "D" containing 1.00 acre, more or less, Tract "i' centaining 2.37 acres, more or less, Tract "C" containing 0.28 acres, mon or less, all situated in ^7ERO BEACH HICHIANDS UNIT FOUR" According to the plat thereof recorded in Plat Book 8 at Page 38 of the Public Records of Indian River County, Florida; and Tract "A" containing 3.99 acres, more or less, Tract "B" containing 2.36 acres, sere or less, all situated in "VENO BEACH RICHLANDS UNIT FIVE" according to the plat tharaof recorded is Plat Book 8 at Page 56 of the Public Records of Indian River County, Florida. R:. O.R. 0816 P6 0643 577141 THIS INSTRUMENT PREPARED BY: NED M. SHANDLOFF, ESQ. 1111 South Bayshore Drive Miami, Florida 33131 SCRIVENER'S ERROR CORRECTION TO SCHEDULE A OF THE DECLARATION OF COVENANTS AND RESTRICTIONS OF VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, 'NC. THIS SCRIVENER'S ERROR CORRECTION revises Schedule 'A' to the Declaration of Covenants and Restrictions of the Vero Beach Highlands Property Owners' Association, Inc. (hereinafter "Declaration'), which Declaration was made on November 10, 1980, by General Development Corporation (hereinafter called the "Developer"), and recorded in O.R. Book 611, Pages 1494 through 1525; as amended April 15, 1982 and recorded in O.R. Book 641, Pages 2813 through 2817; as amended by a Supplemental Declaration of Covenants and Restrictions on July 25, 1983 and recorded In O.R. Book 670, Pages 1808 and 1809; as amended July 10, 1984 and recorded twice on July 19, 1984 In O.R. Book 890, Pages 215 through 222; as amended January 23, 1985 and recorded on January 28, 1985 in O.R. Book 0701, Page 1714; as amended by a Supplemental Declaration of Covenants and Restrictions on June 14, 1985 and recorded July 12, 1985 In O.R. Book 713, Page 18, and as amen ed November 29, 1988 and recorded in O.R. Book OAI(. Pages (X'i(�through and in O.R. Book OAl6, Pages¢ through all of the Public ecords of Indian River County, Florida ( Amended Declaration WITNESSETH ' V WHEREAS, Article X, Section 1, as amended on April 15, 1982, of said AMENDED DECLARATION says, in substance, that "this Declaration of Covenants and ARestrictions may be amended from time to time by the Developer ... "; and, WHEREAS, Developer is the Developer under the Amended Declaration and ' DEVELOPER currently controls the said Association. WHEREAS, Developer recorded Schedule A attaching properties that aro within �. the control of the Declaration of Covenants and Restrictions of the Vero Beach Highlands Property Owners' Association, Inc., as Initially recorded In O.R. Book 611, Pages 1494 through 1525 and subsequently amended; and, '04 y9 WHEREAS, the tot owners (hereinafter referred to as 'Additional Members') on O S the attached Exhibit A" to this Scriveners Error Correction at the time they Purchased their lots from the Developer signed contracts Indicating that they would be bound by the Vero Beach Highlands Property Owners' Association, Inc.; and, f WHEREAS, since the time of the purchase by said Additional Members, and at all / times since, the Additional member have been treated In all respects as members of the Vero Beach Highlands Property Owners' Association, Inc.; and, WHEREAS, said Additional Members have been paying the normal dues and charges associated with membership in the Vero Beech Highlands Property Owners' Association, Inc.; and, WHEREAS. Developer has treated said Additional Members as being In the Vero Beach Highlands Property thenen' Association, Inc., and at all times believed said Additional members were In fact included in the recorded documents of the Vero Beach Highlands Property Owners' Association; and, WHEREAS, It Is desired to formally Include said Additional Members in the said Declaration which clearly sets out their rights and responsibilities within the Vero Beach Property Owners' Association, Inc.; and, WHEREAS, it Is desired to delete from the above-described Declaration those certain tots listed on the attached Exhibit B. which lots are reflected on the original Schedule A of the Declaration of Covenants and Restrictions ■e recorded In O.R. Book 6511, Pages 1494 through 1525, because said lots do not exist, nor did the said tot- exist at the time of recording said Declaration. O.R. 0816 P6 0644 NOW THEREFORE, for and In consideration of the sum of 510.00 and other good and valuable consideration to It in hand paid, the Developer declares: 1. That the real property described In Schedule A attached hereto shall be Included under the Declaration of Covenants and Restricticns, as amended, of the Vero Beach Highlands Property Owners' Association, Inc., and shall be held, transferred, sold, conveyed and occupied subject to the covenants, restrictions, easements, changes and liens set forth In said Declaration of Covenants and Restrictions. 2. That the lots contained in Exhibit B attached hereto are deleted from tha Declaration of Covenants and Restrictions as though they never appeared therein and aro not considered to be a part of the Declaration of Covenants and Restrictions for any purpose. IN WITNESS WHEREOF, General Development Corporation has caused this Amendment to the Declaration to be duly executed and its corporate seal to be here- unto affixed this X-�- day of November 1988. Signed, sealed and delivered In the presence of: yP� C STATE OF FLORIDA) COUNTY OF DADE )ss. General Develo-xnent Corporation SY: HAROLD W. FENNO SENIOR VICE PRESIDENT THE FOREGOING AMENDMENT TO DECLARATION was acknowledged before me this -OZ-y_ day of November 1988, by HAROLD W. FENNO, Senior Vice President of General evelopment Corporation on behalf of the corporation. My corranission expires:^ 40TY21�'UBLIC '°"^'acre nm s nems it, of Florida at Urge w cr•r..:a [e, wts r..ina O •1 - sovo . 2 oc O lII�C SOr C -T 7 W � .r~ O l LAW/1000/0002.0.0 2 0816 P6 6645 EXHIBIT "A" Those certain lots and blocks situated in VERO BEACH HIGHLANDS in the following plats recorded In the Public Records of Indian River County, Florida. VERO BEACH HIGHLANDS UNIT TWO, according to the plat thereof, recorded in Plat Book 5, Page 77 of the Public Records of Indian River County, Florida. BLOCK LOT VB2 TOTALS 65 2, 5 2 69 12-15, 17, 18 6 8 8 VERO BEACH HIGHLANDS UNIT FOUR, according to VB5 TOTALS the plat thereof, recorded in Plat Book 8, Page 38 of 1 the Public Records of Indian River County, Florida. 1 BLOCK LOT VB4 TOTALS 120 8 1 126 2, 5, 15 3 127 10, 15-18 5 129 2 1 133 15, 22 2 137 2-5, 18, 26 6 S3 18 18 VERO BEACH HIGHLANDS UNIT FIVE, according to the plat t ereof, reco ed in Plat Boo , Page 55 of the Public Records of Indian River County, Florida. BLOCK LOT VB5 TOTALS 44 16 1 46 18 1 53 20 1 59 15 1 60 19 1 61 2 1 110 19 1 —7 ) TOTAL S3 3- ^a•�'; LAW/1070.0141.21/05/05/88 0. R. 0816 P6 �0646�' , EXHIBIT 'B' VEROBEACH HIGHLANDS UNIT FOUR, according to the plat the recorded in Plat Book , Page 38 of the Public Records ••\ - of Indian River County, Florida. BLOCK .LOT 136 g 136 it 136 15 136 16 L 1� !�' •, .+ t LAW/1070.0141.21/05/05/88 - - - `• - 3 ��S r�� i, +�r` r� •" � � �J - � �t 4 t i;. .sir: 'i _� . �4 X•..1 O.R. 0816 PG 0647 ' l _J1 577142 THIS INSTRUMENT PREPARED BY: _ LEVINE AND FRANK, P.A. 70 Royal Palm Blvd, Suite C Vero Beach, Florida 32960 General Development Corporation ) A DELAWARE CORPORATION ) TO WHOM IT MAY CONCERN ) AMENDMENT TO AMENDED DECLARATION OF COVENANTS 6 RESTRICTIONS OF Vero Beach Highlands Property Owners' Association, Inc. WHEREAS, General Development Corporation, a Delaware corporation authorized to transact business In the State of Florida, whose address Is 1111 South Bayshore Drive, Miami, Florida, hereinaftee referred to as "DEVELOPER", has caused to have recorded a Declaration of Covenants E Restrictions of Vero Beach Highlands Property Owners' Association, Inc., executed November 10, 1980, and recorded In O.R. Book 611, pag-s 1494-1525; as amended April 15, 1982 and recorded in O.R. Book 641, pages 2815-2817; as amended by a SupPlemental Declaration of Covenants and Rest1808-1809; as amended July 10, 19849 And and recorded mcorded twice ion Ojuly 9, 1984, �inp O/R Book 690, Pages 215-222; as amended January 23, 1985 and recorded on January 28, 1985 In O.R. Book 0701, Page 1714; as amended by a Supplemental Declaration of Covenants and Restrictions on June 14, 1985, and recorded July 12, 1985, In O.R. No Book 713, Page 18, all of the Public Records of Indian River County, and as o\ Prevlously amended three times November 29, 1988 and recorded In O.R. Book ^� Pages through 0. R. Book Pages OF':4 through rvj and 0. R. Book 1 Pages through all of the Public Records o Indian River County ( AMENDED DE RATION ), t, WHEREAS, Article X, Section 1, as amended on April 15, 1982, of Bald AMENDED `DECLARATION says, In substance, that -this Deciaratkm of Covenants and Restrictions may be amended from time to time by the Developer ... and, 44 WHEREAS, DEVELOPER Is the DEVELOPER under the Amended Declaration and DEVELOPER is In control of the Board of Directors of the Association; and, ah WHEREAS, upon agreement with the Members of the Association the following agreed changes arc to be made to the Amended Declaration. N NOW, THEREFORE, DEVELOPER does hereby and herewith amend the aforesaid 1I Amended Declaratlon by the following. m ...c T v f zn_i v mm 70 O.R. 0816 P6 0648 ;:1S, AS used herein the following shall apply: A. lore, In the text which are lined through with hyphens (—) Indl Cate deletlon, frau the present text. B. words in the text which are underlined Indicate additions to the present text. 1. A new Section 1(I) shall he added to Article 1 of the Declaration. which shall provide at follows: 2. A new Sectlon 1()) Shall be added to Article 1 of the Declaration, which shall provide at foil owS: g. A new Section 1(k) Shall be added to Article I of the Declaration. which shell provide as follows: -2- O.R. 0816 P6 0649 r i i AS used herein the following shall apply: A. lore, In the text which are lined through with hyphens (—) Indl Cate deletlon, frau the present text. B. words in the text which are underlined Indicate additions to the present text. 1. A new Section 1(I) shall he added to Article 1 of the Declaration. which shall provide at follows: 2. A new Sectlon 1()) Shall be added to Article 1 of the Declaration, which shall provide at foil owS: g. A new Section 1(k) Shall be added to Article I of the Declaration. which shell provide as follows: -2- O.R. 0816 P6 0649 a. Article 11 of the Declaration shall to deleted In Its entirety and replaced with the following provisions: 'ARTICLE II PROPERTY SUBJECT TO THIS DECLARATION: ADDITION AND REMOVAL OF LOTS: Seetlon 1. Addition to Existing Property. Additional land may bec subject to this Declaration In the following manner: (a) Addlticns. Upon approval In writing of the Association pursuant to a vote of 1erPan at leh, two-thirds of those Owners present In person aM by prory At an Owners' Meeting, the owner Of any property who oeslras to aha to the sohaae or this Declaration and to subject It to the jurltelctlon Of the Association my file or record a Supplamntai Declaration of Restrlctlom. a end i, eunm lzed On Rndsed Schedule B which is attached to thin Atp_Odnmt. -3- O.R. 0816 P6 0650 w JOINDER OF COUNTY OF INDIAN RIVER TO DECIMATION OF COYENAHTS ANO RESTRICTIONS FOR VERO BEACH HIGHLANDS The County of Indian River hereby Consents to and lolm In the Amendments to the Declaration of Covenants and Restr lct loco for VERO BEACH HIGHLANDS as to Sectlons S and B of Article V11 o' thn s:laratlm. Said Joinder Is required pursuant to Sections B and B of Article VII Of the Declaration which rowlres the Joinder and consent of the Board of County Corm lsslomrs of Indian River County as to amendments of said Sections of Article VII. IN WITNESS WHEREOF the County Of Indian River by and through the Indian River County COafleslon eseCautes this dOCUMent. this 7th day of November. tgea. COUNTY OF INDIAN RIVER INDIAN RIVER COUNTY COswON. Chairperson Attest:.;,' ' F-,9r Circuit COtlrClADDroved"as to legality and fon: , County Attorney STATE OF FLORIDA ) COUNTY OF INDIAN RIVER ) I HEREBY.CERTIFY that on the 7th day of November , 19". before m personally appeared Don C. Scurlock, Jr. , Chalrawn, Indian River County Cosmisslon, and to We Rnrml to be the Individual described In and also esecuted the aforesaid Certlflcation as'>'r4.ii free act and deed as such duty authorized. - ljr- NOTARY PLV IC. Stat of Flo do at Large -' AIVEROa02.1S sly Conalafion Explresl 5 n � ip i •:," <<�.... �' F•. pn,r non scot Is nacos .- sr tn. etr s,Ins '•Y ••�. . . aA rRre Iw, Rn4 O.R. 0816 P6 mi . • .l � .. ...'7'/m, The Amendalent shalt be effective upon recording thereof In the Public Records of Indian River County, Florida. The Owner(s) of the Lot suet Day to the ASeoc latlon, the prorated Annual and any Special Aasessmente OUe and ow Ing (prorated from, the date of the Owner(s)' eietnitlon of the Certificate of Amenonent (Schedule 'F'); payment of same shall be a condition precedent to the ASSOCIetIOn's consent to the addition of the Lot t0 the Declaration of Covenants and Restrictions.' b) Mergers. Upon a merger or consolldatlon of the Assoclatlon with another association as provided for In ;to Articles of Incorporetl on, Its properties, rlghtO and obligations may, by operation of law, be added to the real and personal property, rights and obligations of the Assoclatlon as a lgryiying corporation garauent to a merger. The surviving or consolidated assoclatlon my sam lnlater the covenants and restrictions eetabllahed by Shia Declaration etcaot as may be otherwise provided In this Declaration. S. Article I11 -A of the Declaratlon shall be Mended to provide as follows, *ARTICLE - III A ADDITIONAL VMERS; CLUB uEtBERS AM VEI6ERSHIPS - t O.R. 0816 PG 0652 Section 2. CLUB Wn BER(S) AND W MBERSHIPS. The Assoclatlon shell be entitled, from time t0 time. by and through Its Board of Directors to create and offer annual mhhbarships to CLUB MEMBER(S). Said Anmbal Membefenlps shall be Issued only at the discretion of the Board of Directors of the Alsoe latlon, with such dues structure, and providing such benefits and privileges to • utilize the recrestlonal facilities of the Association as the Board of Directors deama aopropriate tram time to tlm. . (I) Proviso. The tCLUBoms Mcally HIPcon referred to In Section mom 2(D)(I) below 1s automatically Conferred wltnaut any approval from the Board of Directors. (b) The following limitations and provlsoe apply with respect to the . foregoing: There shall be two (2) types of CLUB MEMBERS. e. Article V. Section a of the Declaration shall be deleted In Its entirety and substituted with the following provlsl"i 'Section A. Basle and list? m% Of Annual A9"31h 0nte. —S_ O.R. 0816 P6 6653 (b) Developer's Subsidy. The Developer (end Its successors and asslono) shall be obligated to pay assessments for all Lots and Units owned by it, and shall also bay to the Assoc latIM the follow Ing for the period of two (2) Years from the date on which the Owners other than the Developer_ elect a majority to the Board of Directors Of the Association. (III) Notwlths !!no '!N the ealN tat ion Of LM Developer's Subsidy as provided for In tnls Artlole V, Seot ion �(p)(1I and (11), the Developer shall nonetheless Day to the Assoc lotion an Incentive sUbsldy In each of the aforesaid two (2) Year Derlods as follows - (A) If M Major Is rewired Dursoent to the calculations In Sectime 4(b)(I) for the first Year and A(b)(II) for the second year, es tM Cee0 slant De than the Developer shell pay to the Aesocla%lon. es en than WtIS14Y the Into of 110.000.00, (D) If a subsldY Of ewal to or creator then fifty (Soft) percent Of the subaldy Is rewired ourcuanl to the cal Mations In Sections 4(b)(1) In the first rear and 4 b)(II In the seconO rear then the Deve later atoll not be revel In to oar am incantivs suDsldy. gut will only tq rewired to per %net suosldY rewired pt,rwant tO the calculatlans In Sections s(b)(I) and s(o)(II) above as the case might be. O.R. 0818 P6 0654 • M M 7. The lest sentence In Article V. Section 8 of the Decleratlon shall he deleted In Its entirety es follows, 8. Sections 5 and 8 of Article VII of the Declaration shalt be deleted In Its entirety as follows: O.R. 0816 P6 0655 silo 1 dier A, a Dad 15 as a add! Ma lei 1 ad ad. fe) 11 me III do steel III ver-ead 15r Tne consent of the Board of County CaenI"I onere of Indian 9. Article X, Sectlon 1 of the Declaration, as previously mnendad, shall be meended to provide as follars: •Sactlon 1. Amendments. at ItIsts dlig. th a This Declaration of Ccvenants.and Restrlctloma may be emended frog Live to tine by the peaelopaaoprlor to •tuznovez• end eftar t,az'nwer recording WMOW the Public Records of Brevard Indian River County, Florida, an Inatrument arecuted by the President and attested to by the Secretary of the Assoc latlon Indicating that at a meeting called for that purpose, a majority of the voting Interests of the owners have approved such amendment. P less. however - (a) ►rovleoe. (1) All Amndments shall he directed to alt Umbers equally. 10. A new Section 7 shall be added to Article X of the Crelaration, which shall provide as follows, (a) Florida Statutes which apply (b) This Declaration (C) The Articles Of Irrofporatlon (d) The By -Laws (e) The Rules and Regulations Dronllasted by the Board of Directors of the Association 11. A new Article XII shall be added to the Declarations which shalt provide as follows, -AIRTIME X11 PROVISIONS REGARDING SALLFIELD VERO BEACH HIGHLANDS UNIT T. accordlne to the Plat thereof recorded In Plat BOOK a at Pace 29 Of the Public Re Corse of Indian River County, Florlas. O.R. 0816 P6 0656 VERO BEACH HIGHLANDS (MIT "FE, aecording to the Plot thereof recorded In Plat Book 8 at Page 77 of the PUDIIC Racoma of Indian River County, Florlds. VERO BEACH HIGHLANDS (MIT FOUR, according to the Plat thereof recorded In Plat Book 8 at Page 08 of the PUollc 9ecords of Indlan River County, Florida. VERO BEACH HIGHLANDS UNIT FIVE, according to the Plat thereof recorded In Plat Book 8 at Pade 58 of the PUDIIC Racorde Of Indian Rlver County, Florida. All such Lots which are not subject to this Declaratlon, as amended, are ,erelnefter referred to ae 'NON VERO BEACH HIGHLAND LOTS'. Except as otherwise amended hereby, the Declaration of Covenants and Restrlctlons shall ramiln unchanged and In full force and effect. AiVER0700-708(11/29/65) Page 9 O.R. 0816 P6 0657 IN WITNESS WHEREOF, Gene"! Development CorporatiM. has caused this Amendment to the Declaration to be dozy executed and Its corporate seal to be here- unto affixed this .4�- day of November 191St. Signed, sealed and delivered General Develop', nt Corporation In the presence of: 3Y: HAROLD W. cENNO SENIOR VICE PRESIDENT STATE OF FLORMA) COUNTY OF DADE )ss. THE FOREGOING AMENDMENT TO DECLARATION was acknowledged before'me this 1-q- day of November 1988, by HAROLD W. FENNO, Senior Vice President of Genera Develeprt nt Corporation on beha of the corporation. '•.! My.c lssion expires; wn.. MR Mn a nnmr OT Y UBLP IC w m�ssstn m wv wsm St, of Florida at Large c® r•w stfa•. sr..o. .. •;i LAWI000/0002.0.0 -10 - O.R. 081 6 0 6 0658 REVISED SCHEDULE A TOTAL NEW VERO BEACH (ORIGINAL, AMENDS, GDC t CONTRACTED) (NO VOLUNTEERS OR RETIRED) These certain lots and blocks situated In VERO BEACH HIGHLANDS In the following plats recorded In the Public Records of Indian River County, Florida. VERO BEACH HIGHLANDS UNIT TWO, according to the plat f e recorded in Plat 9;3W-5, Page 77 of the Public Records of Indian River County, Florida. BLOCK LOT V82 TOTALS 65 2-9, 17 9 66 2, 5-70, 16, 17 9 67 1-3, 12, 15-25 15 68 1-21 21 69 1-91 12-18 16 70 7-18 18 71 1-6, 8-17 76 72 2, 6, 8-70, 16 6 73 1, 2, 8-12, 14, 15 9 TOTAL LOTS VB2: -f1199 VERO BEACH HIGHLANDS UNIT FOUR, according to the pat thereo , recorded in Plat Book 8, Page 38 of the Public Records of Indian River County, Florida. 119 BLOCK LOT VB4 TOTALS 119 4-6, 11-13, 16-17, 21-23, 27 12 120 3, 7, 8, 10, 14, 22, 23, 25, 26 9 121 3-6, 8, 11, 12, 15-19, 21, 25, 26 15 122 4, 6, 14, 16, 20, 23, 25, 26 8 123 7-10, 20, 23 6 124 2, 4, 11-14, 17-19, 22-26, 28 15 125 4, 9, 11, 13, 14 5 126 1-7, 12, 14, 15, 18, 19 12 127 6, 10, 15-18, 20 7 128 1, 3-6, 13-17 10 129 2, 5-8, 12-20 14 130 1, 3-12, 14, 15, 17, 18, 21 16 131 1-9, 11, 14, 15, 17, 18 14 132 1-4, 9, 11, 15-17 9 133 4-6, 14-22 12 134 10, 12-18, 22 9 135 4, 7-9, 12-14, 20, 22 9 136 3, 5, 6 3 137 2-5, 7, 9, 11, 15, 16, 18, 20, 26 12 TOTAL LOTS VB4: T47 197 VERO BEACHIGH LA HIGANDS UNIT FIVE, according to the p at t e recd in lat Boo Page 56 of the Public Records of Indian River County, Florida. BLOCK LOT VBS TOTALS 44 2, 3, 6, 8, 10, 11, 13, I6-26 18 45 1-6, 10-12, 16, 18-20 13 46 1-9, 11, 14, 16, 18, 20 14 47 1-3, 8, 9, 12, 13, 16-20 12 58 1-4, 6-9, 12-15, 17, 18, 20, 22, 23, 26-29, 32 22 59 1, 2, 5, 7-15, 18, 19, 21-24 18 60 3, 5, 10, 11, 13, 16, 17, 19-24 13 61 2-11, 13-24 22 62 2-9, 12-19 16 110 1-13, 15, 19-26 22 111 1-17, 18, 22, 24, 25, 27-29 24 112 1-30 30 113 1-22 22 114 1-16, 18-22 21 113 2-4, 8-29 27 116 1-4, 6, 9, 11, 13-15, 17-19, 23, 25-26, 28-29 18 117 2-7, 9-22 20 118 1-15, 17-28 2739 TOTAL LOTS VBS; -3 359 TOTAL VERO BEACH -3 LAW -300/10/14/88 O.R. 0816 P6 0659 REVISED SCHEDULE 8 COMMON PROPERTIES The following described properties aro designated as Cormron Properties, as more fully defined In Article 11, Seeticn 2 of this Declaration. A. Amenity Arca All that certain tract or parcel of land lying in Section 36, Township 33 South, Range 39 East and Section 31, Township 33 South, Range 40 East, mora particularly described as follows: BEGINNING at the intersection of the Easterly right of way line of 6th Road S.W. and the Southerly Right of Way Line of 23rd STREET S.W. as shown on the Plat of "VERO BEACH HIGHLANDS UNIT FIVE" according to the plat thereof, recorded in Plat Book S. Page 56 of the Public Records of Indian River County, Florida, thence: N60a40'00'E, along said Southerly right of way line of 23rd STREET, 998.27 feet to the intersection with the Westerly Right of Way line of 6th AVENUE S.W., thence; S29e20'00'E, 180.88 feet, thence 228.34 feet Southeasterly along the arc of s curve to the right having a radius of 446.01 feet and a central angle of 29020'00", to a point of compound curvature, thence; 308.07 feet Southwesterly along the arc of a curve to the right having a radius of 560.00 feet and a central angle of 31'31'12", to a point of reverse curve, thence; 161.99 feet Southwesterly along the arc of a curve to the left having a radius of 340.00 feet and a central angle of 27°17'52', to a point of reverse curve, thence; 37.55 feet Southwesterly along the arc of a curve to the right having a radius of 25.00 feet and a central angle of 86'04'06', to a point on the Northerly right of way Ilne of 23rd PLACE S.W. as shown on said plat of VERO BEACH HIGHLANDS UNIT FIVE, thence; N89°4234 -W, 860.95 feet to the intersection of the Easterly right of way line of said 6th ROAD S.W., thence; NOe17'26'E, 351.44 feet to the POINT OF BEGINNING. All lying and being In Indian River County, Florida. Containing 13.67 acres, more or less. The above described Parcel of land is shown as Parcel 'E" Amen!ty Area, on sketch marked EXHIBIT "D", Page 2, attached hereto. B. Tract "B" in VERO BEACH HIGHLANDS UNIT FOUR acrading to the plat thereof recorded In Plat Book 8, Page 38 of the Public Records of Indian River County, Florida; and, D. Canal tracts described as follows: Tract "G" containing 2.38 acres, more or less. Tract "H" containing 2.32 acres, more or less. Situated In VERO BEACH HIGHLANDS UNIT FOUR according to the plat thereof, recorded In Plat Book 8, Page 38 of the Public Records of Indian River County, Florida; and, Tract 'C' containing 2.36 acres, mora or less. Situated in VERO BEACH HIGHLANDS UNIT FIVE according to the plat thereof recorded In Plat Book 8, Page 56 of the Public Records of Indian River County, Florida. LAW -501/10/24/88 I O.R. 0816 P6 0660 T SC1IL "E' 0 SCHEDULE 'F' CERTIFICATE OF AVENMIENT TO THE DECLARATION Of COVENANTS AND RESTRICTIONS - VERO BEACH HIGHLANDS - ADDING LOT WHEREAS, the Undersigned ('OWNER') to/are the O.ner(s) of the follow Ing oescrlbed real property situated In Indian Rlver County. Florida: (hereinafter referred to AS the 'LOT') WHEREAS, the Undersigned desires) to amJect the LOT to the covenants, restrictlons, easements, charges and hens set forth In the Declarstlon of Covenants and Restrictions as recorded In Official Record BOOK 0611, Page 1494, Publ lc Records of Indlan Rlver County, Florida ('DECLARAT101f')s the Articles of Incorporations the BY-Lawst and the Rules and Regulations of the Vero Beach Hlghlandf Property Owners' Assoclatlon, Inc.s as same have been heretofore amended and sane are Emended from tine to Tlaes WHEREAS, the Undersigned further deelre(s) to become Class 'A' Member(s) of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. NOW THEREFORE. by execution and recordatlon of this Certif lcate With Acceptance pursuant to the applicable provislons of the DECLARATION, the LOT described herein shall Decoee mIDJect to the documents and rules and regulations referred to above, and the Undersigned shall bease Clan 'A' Member(s) of the Association. DATED this _ day Of , 19_. WITNESSM OWNER: STATE OF ^_ ) Ise COUNTY OF ) The foregoing Certificate of Amendment Was acknowledged before me this day of 19_, by and NOTARY PUBLIC. State of Florida at Large Pty Commission Expires, ACCEPTANCE The VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION. INC., by and through Its Board of Directors, does hereby consent to the msbalesion of the foregoing LOT to the Declaration of Covenants and Restrictions. Articles of Incorporation, By-laws and Mules and Regulatlons Of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC., as previously amended and as amended free PAGE 1 t` C.R. 0816 FV 0662 tlee to tlae, pursuant to the applleable provisions of the Declaretlon of Covenants and Restrictions; and ccnaents to the Ow r(s) thereof bec alrq Clan W Yenber(s) Of the VERO BEACH XIGHLAMJS PROPERTY OWNERS' ASSOCIATION, IHC.; and ecknow ledge• Dayment by Said Oensr(s) of prorated Assessments due and awing ., at raculrad by the applicable provisions of the Declaration of Covenants and RntrlctlaM. DATED this _ day Of , 19—. WITNESSES: STATE OF FLORIDA ) )n COUNTY OF INDIAN RIVER) VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. by: PRESIDENT: attest: SECRETARY: 1 HEREBY CERTIFY that on this day of 19_, before we personally appeared and President and Secretary respectively, of VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC., a Florida not for profit Corporation, to ae kr» to to the Indlvldulls and officers described In and who etamted the aforesald ACceotance as their free We and deeds as such duly authorized officerat and that the official seal of the Corporation Is qtly afflzed and the InStrueent Is the act and deed of the Corporation. WITNESS my signsturo and off total seal at , In the County of Indian River, State of Florida, the day and year lest aforesaid. A:VEROAOO.Od-QT NOTARY PUBLIC, State of Flor Ida at Large My Commission Eaplresw PAGE 2 p:p.�0816 P6 0663 x�f: r'%.. •-t>wr ' .:rte.,. .. :.5�.._: `, �a�.�r.,, ;,.. ,, �.. ,. _ • SCHEDULE 'G' CERTIFICATE OF AMENDMENT TO THE DECLARATION OF COYEHANTS AND RESTRICTIONS - VERO BEACH HIGHLANDS - REMOVING LOT • WHEREAS, the Undersigned ("OWNER') Ie/are the Owners) of I follow l ng descrloed real property situated In Indian River Cotrn ty, Florida: 411110 ID (hereinafter referred to as the 'LOT*). WHEREAS, the Undersigned desire(*) to remove the LOT from the Jurisdiction Of the covenant*, restrlctlom, easements, charges and Ileus set forth In the Declaration of Covenants and Restrictlorn a* recorded In Off lcial Record Book 0811. Page 1494, Put, IIC Records of Indian River County. Flor Ida (-DECLARATION,); the Articles of Incorporatlon; the By -taws; and the Rulss and Regulatlorre of the Varo Beach Highlands Property Owners' Assoc latlon, Ind.; es same have been heretofore amended and are amended from ties to time; WHEREAS, the Undersigned further deflre(s) to coax to be Class 'A' Member(*) of the VERB BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. NOW THEREFORE, by sxacutlort and recordation of this Certlf lute with Acceptance pursuant to the applicable provl*lom of the DECLARATION, the LOT described herein *hell become removed from the Juri*diction of the dDoaento and rules and regulatlom referred to above, and the Undersigned shall cease to be Class 'A' Member(s) of the Assoc lotion. DATED this day of 19_. WITNESSESt OWNER: STATE OF ) )n . - - COUNTY OF ) The foregoing Certif lcate of Amendment ns acknowledged before me this day of to_, by and NOTARY PUBLIC, State of Florida at Large MY Ca®lini Explrest TM VERO BEACH RICHLANDS PROPERTY OWNERS' ASSOCIATION, INC., by and through Its Board of Directors, time hereby consent to the removal or the foregoing LOT from the Jurisdiction of the Declaration of Covenants and Restrlctlxrs, Articles of Incorporation. By -Lm and Rules and nsguiatlons of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC., as previously PAGE 1 t- • O.R. 0816 P6 0664 STATE OF FLORIDA ) )as COUNTY OF INDIAN RIVER) I HEREBY CERTIFY that om thisday of 19—. before b personally appeared and President and Secretary respectively. or VERO BEACH HIGHLANDS PROPERTY ORNERS' ASSOCIATION, INC., a Flor Ida not for profit Corporation, to me know to be the Individuals and officers described In and who examtted the aforesaid Acceptance as their free acts and demes as ouch duly authorized offIcerai and that the official seat of the Corporation Is duly affixed and the If:ftr%XWht Is the act and deed of the Corporation. WITNESS my signature and Official seal at , In the COumty Of Indian River, State Of Florida, the day and year last aforesaid. A:YER04DO.06-09 NOTARY PLIBLIC. State of Florida at Large My Comisslon Expires, PACE Z . O.R. 0816 PG-- 0665,_;; amended and a amended frm LING to t1m. pursuant to the IW ICaDla Drorly! n* of the Declaration of Covenants and Reatrlctlo : and consents to the O"r(s) thereof ceasing to be Class 'A' Member($) Of the VERO BEACH HIGHLANDS PROPERTY M;ERS' ASSOCIATION. INC. DATED this day of t9_. WITNESSES, VERO BEACH Hl^.R.A)DS PROPERTY OWNERS ASSOCIATION, INC. by: PRESIDENT: attest: SECR97ARY: STATE OF FLORIDA ) )as COUNTY OF INDIAN RIVER) I HEREBY CERTIFY that om thisday of 19—. before b personally appeared and President and Secretary respectively. or VERO BEACH HIGHLANDS PROPERTY ORNERS' ASSOCIATION, INC., a Flor Ida not for profit Corporation, to me know to be the Individuals and officers described In and who examtted the aforesaid Acceptance as their free acts and demes as ouch duly authorized offIcerai and that the official seat of the Corporation Is duly affixed and the If:ftr%XWht Is the act and deed of the Corporation. WITNESS my signature and Official seal at , In the COumty Of Indian River, State Of Florida, the day and year last aforesaid. A:YER04DO.06-09 NOTARY PLIBLIC. State of Florida at Large My Comisslon Expires, PACE Z . O.R. 0816 PG-- 0665,_;; L) CERTIFICATION OF ORIGINAL .587661 ARTICLES OF INCORPORATION OF VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. WE HEREBY CERTIFY that the attached photostated Document constitutes a true and correct dopy of the original Articles of Incorporation of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. The By-laws shall run with the real property subject to that Declaration of Covenants and Restrictions for VERO BEACH HIGHLANDS as recorded In Official Record Book 811, Page 1494, Public Records of Indian River County, Florida, and as emended thereafter; and shall be binding on all parties having any right, title or Interest In the said real property or any part thereof, their heirs, successors and assigns, and shall Inure to the benefit and burden of each Owner and occupant thereof. DATED this /Sf day of December, 1988. Y WITNESSES: VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. �!�;�„'•��•.,, Iy BY: President: A'fNM _;Tx o w'a h ry I AA �.ir' Jam•- t o STATE OF FLORIDA .. ) ....... • `. o r�27-R. a�s,�J COUNTY OF INDIAN RIVER ) "'d>•i•. I HEREBY CERTIFY that on this lstday of December, 1988, before me personally appeared l�ddfW r &V& President and �o,(QG[T�. �fJSia'. Secretary of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC., a Florida not-for-proflt Corporation, to me known to be the Individuals and officers deicrlbed Nand who executed the aforesaid Certification as their free acts and deeds as such duly authorized officers; and that the official seal of the Corporation Is duly affixed and the 's?• Instrument Is the act and deed of the Corporation. WITNESS my Signature and of -ficial seal at����gaak In the County of Indian River, State of Florida, the day and year last aforesaid. _ A' A:VERO616 My Commission Expires: THIS INSTRUMENT PREPARED BY: iA LEvioy AND FRANK, P.A. 70 Royal Palm boulevard, Suite C Vero Beach, FL 02960 Telephone: (407) 569-2405 r .',Y• hwl: tu4 i 1JY .. Mala 1,., ”^w4 Y !V 11 WpA in. W. . O.R. 0623 P6 DIV. to of 1f0r, taIaa Epprimmd of Otatr I certify that the attached is a true and correct copy of the Articles of Incorporation of VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION INC., a corporation not for profit organized under the Laws of the State of Florida, filed on June 2, 1980, as shown by the records of this office. The charter number for this corporation is 752747- C IK aw. 4" Afbm umber mp banb mb for orrat &al of tilt Matt off lanae. it sallafy ar, for trapital, t1li8 thr 4th bapof June, 1980. offra�t0[gt �iTPBtORr tY Of Wmr O.R. 0823 PG 1371 At O.R. 0823 PG 1373 _ - - � i - _ � _ - �� _ Y _ � - - _ _ � l _ _ _ M.� _ -- « _ — -- j �_ _ � _ v. - � rTg 1 •... - - 3 v Ir u• 1 5- ' � F. ., � . -, .., �.-..- - — - — — 3 — . �.. •.a.• - � =� .-.. Y { .y �.. • . €. _ f, _ . _ - ,i s s , � . _ - j �. 9� • _ .. . -. . � • • . rl • La•. E .r. •. r •• •u.� . �� " n a r•a r _ _ _ � .� �. �. ' . 1 1' � � 1' -- :t Directors _ termination of the Class Imigna- tion. t• t in Article •hereof,rd of • - - - _. Q shal I be elected for a +-- of two years, and t1m of %bom shall be elected .: .: thm (3) Directors shal I be elected for a t-- of t1m (3) years. �•r • r _ The nmes and ad2resses of these persons %ho are to act as 1 t t Q �•r • r _ 1 _ ,� _ f ;, . .{ �. - d l • 1. i r #,I � f �I ll f ol ■ r •� Y� ,- _ J t F } -- --. _ .. - a� - ,' , - t �: "'i. �; -� — 3 z �.. f �.: a i F.. j !, . t SCFM nr W P.R= 10T P0. 7 1 B7l37C for Va. 19 3,4,6,7,8 . 27 2-10, 15, 17-24 28 3 . 71 n-14 . 72 91 10,16 77 1, 2, 8-12, 14, 15 VEiO BFALF fIIciII E = MU= aco2ding to the plat theseof 1n P t at Page 37 W tin Public Reca[ds Of L -Alm River County, 17.ocids. 8tfxji 2or PRI. 74 3. 4, 5, 7-14, 18-21, 23. 24, 27 75 7-11, 14-16, 18 76 = 2, 3, 4, 17, 18, 19, 22 77 1�4. 6-11, 16, 18 73 2, 4, 5, 6, 8, 9, 23, 15, 16-21 79 1-14, 21-27 VF70 Bsxm Faoc cs W= T= amxdirq to the plat thereof in P tat Page 38 of the Public RW=ft Of Intim River axmtT, P'lsl6e. 1Dr 7R1. 119 4-5, 11-17, 16-18, 21, 23, 27 120 3, 7, 10, 14. 22, 23, 25, 26 121 3-6, 8, 11. 12, 35-19, 21, 25, 26 ..- • . .. 122 4, 6, 14, 16, 20, 23, 25, 26 123 7, 8, 9, 10, 20. 23 . 124 2, 4, 11-14, 17-19. 22-26. 28 • 125 4. 9, 21, 13, 14 . 126 1. 3, 4. 6, 7, 22, 18, 19 127 6. 20 128 1, 3-6. 11-17 129 5-8, 24-20 130 1, 4-12, 14, 25, 17. 18, n 231 1, 3-7, 8, 9, 21, 14-15, 17, 18 172 3, 4. 21, 25, 16, 17 133 5, 6, 14, 16-21 N 134 10, 12, 13-18. 22 co m 135 4, 7, 8, 9, 22-14, 20, 22 136 3, 5, 7, 9, 11, 15, 16 277 7. 9, 11, 15, 16 238 3 O 9" 139 5, 15, 18, 20 140 1, 5, 9. 10, 11, 15, 24, 25 , P9 141 1, 2, 4, 5, 6, 15, 16, 17 Coo 142 3, 4, 8, 12, 14, 18, 20 143 5, 6, 7, 9, 19, 20, n, 22 144 5. 8, 9 CC 145 1, 16, 20, 21, 24 146 2, 11, 13, 14 C to 147 9-13, 16-22, 25, 26 148 5-7, 17, 18, 20-26 149 6, 7, 10, 11, 14, 18, 19, 25 150 1, 5, 9, 10-12, 14-18 151 4, 5, 10, 16, 18, 19, 20, 23, 24 • _ 152 1, 3, 10, U. 14, 15, 16 153 8 154 2, 6, 7, 10, 11, 17, 20, 25, 27 155 2, 4, 5, 6. 8, 9-12, 15, 17, 18 • 156 1, 2, 7-12, 17, 20, 21, 22, 26 v e Iioa 44 2, 3, 8, 10, 11, 13, 17-26 45 1.6, 10-12, 16, 18, 29, 20 46 li, 11, 14, 16, 20 47 8, 9, 12, 13, 16-18 58 1-4, 6-9, 12-15, 17, 18, 22, 23, 26-29, 59 1, 2, 5, 7-13, 18, 19, 21-24 60 3. 5, 1D, 11, 13, 16, 17, 20-24 61 3-11. 14-24 62 2-9, 12-19 80 1, 3-22 81 1-22 82 10-12, 15, 1x19. 21, 22, 25, 26 83 3-22 84 6-11, 13-20 85 2, 3, 7-10, 12-22 86 1-22 87 3-0, u-20 88 1-4, S. 9, 32, 14-18, 20-22 ' 89 1, 16-20, 22-25, 27 90 7-12, 18, 19, 21, 23, 24, 28 110 1-11, 15, 20-26 111 1-16, 18, 22, 24, 25, 27, 28. 29 212 1-30 113 1-22 u4 1-16, 18-22 115 2-4. 6-29 226 1-41 6,9,u,13-15,13-19, 23, 25.25.28.29 117 2-7. 9-22 u8 1-15, 17-28 7= - 960 lc's O.R. 0823 P6 1383 7FA= `B' plus ane-bal£ of Soathw!Tt 21st Street that Is the vacated right of wap of Soffit 21st Street betmm IIS. soxte 11 and the East riot cf may of the Fioci& East Qomt railr al;- ul of TOCT r: O.R. 0823 PG 1384 m V T ��C� Irl -o_ i\nom A,�c�•',� aNi opo O.R. 0823 PG 1384 589711 CERTIFICATE OF AVERMENT To THE ARTICLES OF INCORPORATION OF • VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. • • CJD A/ WHEREAS, the Articles Of Incorporation of the VERO BEACH HICHLAND�`�WPE�' ^ OWNERS* ASSOCIATION, INC. were recorded on FebrU :7 23. 1989 In off Record BookPape Public Records of Indian River Countyii,,=; ,, Florida; ��• ��—• WHEREAS, Article E of the Articles Of Incorporation COUDled with Sectlods��'i `• `� 677.017 and 807.781, Fiorlda Statutes Provide that the Articles of Incorporat�ooslF may be amended by a majority of the voting Interests of the entire membership oL"�• the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATIN, INC. ('ASSOCIATION'); WHEREAS, a meeting of the Board of Directors of the ASSOCIATION was held on DIf-e- 6 ER f f� 9B6 • at which a majority of the entire membership of the Board of Directors of the ASSOCIATION, with Quorum present, did vote to amend the Articles of Incorporation as set forth In Exhibit '1' attached to this Certificate; i WHEREAS, a meeting of the Members of the ASSOCIATION was held on December 1, 1988, at which a majority of the voting Interests of the entire membership of 4 the ASSOCIATION, with quorum present, did vote to amend the Articles of Incorporation In the various particulars as set forth In Exhibit '1• attached to 1 this Certiclate; ' WHEREAS, the Amendments and this Certificate shalt be filed with the Secretary of State and then recorded In the Public Records of Indian River County, Florida. , NOW, THEREFORE, the Articles of Incorporation be and Is hereby amended In the particulars as stated In Exhibit '7' attached hereto; said amendments shall run with the real property subject to that Declaration of Covenants and Restrictions for VERO BEACH HIGHLANDS as recorded In Official Record Book 611, Page 1494. Public Records of Indian River County, Florida, and as amended thereafter; and shall be binding on all parties having any right, title or Interest In the said real property or any part thereof, their heirs, successors and assigns, and shall Inure to the benefit and burden of each Opfer and _ occupant thereof; and except as otherwise amended hereby, the Articles of incorporation shall remain unchanged and In full force and effect. CERTIFICATE OF ADOPTION OF AUEHMNTS WE HEREBY CERTIFY that the attached Amendments were duty adopted as Amendments to the Articles of Incorporation, and that a majority Of the entire membership of the Board of Directors of the Association, and that a majority of the entire membership of the ASSOCIATION; at which quorums were present; did vote and approve some. DATED this ` day of December, 1988. ' WITNESSES: 4 1 ray( A� THIS IHSTRWENT PREPARED By, f LEVINE AND FRANC, P.A. 0 70 Royal Palm Boulevard, Suite C Vero Beach, FL 32960 Telephoner (407) Seg -2403 nl� VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. by: ..t... .. PRESIDENT: fPa4yrf .4. JUESSA ae m a CD Sj 124 f'+ O m O.R. 0824 P6 2656 o PACE 2 O.R. 0824 P6 2657 STATE OF FLORIDA ) COUNTY OF INDIAN RIVER ) rAwARy wsv I HEREBY CERTIFY that on this day of Deeeeber, 49W before me %"I ++. personalty aDDeared '., +,o'•I��'llr h President end •+.11.1 ,iy; Secretary of the VERO BEACH HIGHLANDS PpOPERTY OWNERS' ASSOCIATION, INC., a Florida not -for -prof It Corporation, to me known to be the Individuals and officers described In and who executed the aforesaid Certification es their free acts and deeds as such duly authorized officers; and that the official seat of • the Corporation Is duty affixed and the Instrument Is the act and deed of the Corporation. OO / WITNESS my signature and official seal at ar J7L�3al In the County of i 40 Indian River, State of Florida, the day and year last aforesaid. I NOTARY PUBLIC, State of Florida at Large A:VER0800-801 I!y Comm lesion Expires: n•^>.".Am 01 =m�zc F AMR4P fn, +A,}r,l/+1 Kl a.em *rt 4alY 1R. at. F o PACE 2 O.R. 0824 P6 2657 EXHIBIT '1' • AYENOUENTS TO THE ARTICLES OF INCORPORATION OF TME VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. As used herein the following shall apply: A. Words In the text which are lined through with hyphens (—) Indicate deletions from the present text. B. Words In the text which are underlined Indicate additions to the present text. 1. Article 11, Including Section (a) thereof, shall be deleted In Its entirety and replaced with the following provisions: 'ARTICLE II — PURPOSES. The Corporation does not contemplate pecun lary gain or profit, direct or Indirect, to Its members. The purposes for which It is formed are: To promote the health safety, and welfare of the property owners In those certain lots or blocks of land more particular described In the revised Schedule 'A' attached to the Declaration of Covenants and Restrictions as No leis, "EA9 GEAGII ImIV4:,,tIDq L411; FIVE sees do : is 11 a Diet !#a oaf see 11ad 1 Piet Beelt a at Pago so eF the pub He "see ds eF Indian 111 01 Geurb, Fiepida. and such additions thereto as may hereafter be provided In Article XII herein, herinafter referred to as 'The Properties', and for this purpose to: (a) own, accuire, build, operate and maintain certain areas for the benefit of property owners, and CLUB MEMBERS as delineated In the _ Declaration, Including but not limited to: commons, green belts, open spaces, buildings, structure and personal properties Incident thereto, hereinafter collectively referred to as 'the common properties and facilities' all as Indicated on the revised Schedule 'B' attached to the Declaration of 2. Article III—A of the Articles of incorporation shalt be deleted In Its entirety. jig Ca sievel sispammy ad It to a be q0am 4.400 fee For odeh Pape 1 O.R. 0824 P6 2658 be, kiekfleri� ease Assee*011151 Mail but seeh ne" �e bars Mail b&te amdered Giese " MMIbels slid he 0 for the as 3. Article IX of the Articles of Incorporatlon shall be amended to provide as follows: ARTICLE IX - BYLAWS. The Bybews of the Corporation may be made, amended, altered or rescinded meeting eF the memb Prevision- OF !he 8) ea 00-stle I a) In the manner provided for In the By -Laws." A. Article X of the Articles of Incorporation shall be amended to provide as follows: -ARTICLE X - AYEHWENTS TO THE ARTICLES OF INCORPORATION. These Articles may be amended altered or rescinded in accordance with the law, by the members, provided that the voting and Cuorum - requirements specif led for any action under the provisions of Article IX shall apply also to any amendment Of won provision, and provided further that no amendment shall be effeeHve-!e on! a d lute sm� ;,his OF tembers that III a ge 01 Med by t4& In conflict with the Declaratlon of Covenants and Restrictions, as amended and supplemented from time to time.' S. Article X11 of the Articles of Incorporation shall be amended to provide as follows: 'Article XII - ADDITIONS To PROPERTIES. Additions to the . properties described In Article It may be wade only In accordance . with provisions of the Declaration of Covenants and Restrictions, IRt�SZ:ZF�3•}l Page 2 O.R. 0824 P6 2659 M. 587662 ' CERTIFICATION OF ORIGINAL BY-LAWS OF VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. WE HEREBY CERTIFY that the attached phOtostated Document constitutes a true and correct Copy of the original By -Laws of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION. INC. The By-laws shall run with the real property subject to that Declaration of Covenants and Restrictions for VERO BEACH HIGHLANDS as recorded In Official Record Book 811. Page 1494. Public Records of Indian River County. Florida, and as amended thereafter; shall be binding on all parties having any right. title or Interest In the said real property or any part thereof. their heirs, successors and assigns, and shall Inure to the benefit and burden of each Owner and occupant thereof. DATED this /OT' day Of December. 1988. WITNESSES, iu 1/•�/ f�..� f .� _y VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION. INC. President: KE„I we;..c..7.+X` 51 I HEREBY CERTIFY that on this /.et day of December. 1988. before me personally appeared 64: rw % I F . President and r�q.64ss�. Secretary of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION. INC.. a Florida not-for-profit Corporation, to me known to be the Individuals and officers described In and who executed the aforesaid Certification as their free acts and deeds as such duly authorized officers; and that the official foal of the Corporation Is duly affixed and the Instrument Is the act and deed of the Corporation. WITNESS my signature and off lclat seal at In the County of Indian River. State of Florida. the day and Xi last aforesaid. AIVEROBIS My Commission Exolresm 'THIS INSTRUMENT PREPARED BYm 1,0 LEVINE AND FRANK. P.A. Al 70 Royal Palm Bouiward. Suite C .(`T Vero Beach. FL 32980 QS' M Telephonel (407) 889-2408 Florida at tiyp� Mr Mn e.T a nPus w er•fww w. wus,mw wwO ww ati.•t 4. R n Us e .O O.R. 0823 P6 1385 6 i. i rt i e , i - i e i I i i L8£I 9d CZ80 .8.0 AT[mF4vjcqm ai Timp s9*TTAT2d Pw w46i3 FN 'ate 4mw 3o waww U)dm wq tVAgT3 bq40A:o BOOT agpnouT wodm uTma3 an uar PoT3ad aR F-ri ammoarm an Io Lar4.w A4 D aT Amu ' Wcs As' a4 Pau&TTW 61[vrasrad aT ai iou ao saaa A 'L un-4nw 'III wrjr;aK Spa spimmauY a4 4m;gw sT sapvadoid oLQ uT 4S&=*q arae aocad 6rw )o GW*p dTtmsaim 041 'C uaryo66 'aPTMU 'AL3un0 'mRt wfPra 3o SP=KM urtw Ma 30 abed *Xq"ur PaPMWQi w axv SWr4X Jaid aa, 4DTWr a4 aaT3oT3isw Pw Gwuarub 3o and 30 A OTURIV ki PaPIA -Gad se Ww a= Cjwamame qxz gDly% 3aRs6a A zxb i an .uxbm um v rammaq Pw 7o arso cpua 4wpbe Pzodal ST SlUAW&MM 47T4% 3o tap v f] w io aoug1mgad an =g AT3ma. v se ATasam 45axwuT Ww DK04 alT A;pm jo wsmad rpm dw aaA PWP&Old 'vr4Paos j ap Io XAV— v aq rru4s Lapupo"Y aFy 14 sumomme w P,— io q --,m Aq 3_QG4rs ST WS4^ 3TUa &ITAFi 30 WX AM uP jGaMaquT a°i PWTATPLC 30 wi v yo Sano p3 v sT cLpL 14T3ra so rncaad .Cm3 'T UD'i3W6 `L= uvpou 'Torw 'a&T3Q ammwAaa 47006 rm 4m Pa3coT aT TTais wrWPosw a R Jo Wmo ToapuP-d a L 'T rnT7oa6 tory80oZ II 21=1HY r 0 a en¢eeI thirty (lo) days. �_1f"� _:,I XM'ar..aT�:*s-L=iTZ;sR's--.^7 for the s asseswwrts as oder arta A neabets. ARr= IP Voting Rights Section 1. Voting rdghts The Association loll have two cleme� of voting eimberdo. Cies A. C1aas A Ph bers Ball be all Vrox cmaers as defined in Article in, Section 1 and Article IIIA with the exoept T of the Developer. Class A ttnbers loll be entitled t4 one vote for each lot O.R. 0823 PG 1388 that the r. r A MoTbership on the happening of the following event. Mvn the total m catsbanding in the M� A Membership equal the total m outstanding in the Y From and after the happening of this �, , the Y Stoll be q 4 to be a c' A Meter entitled to one for each lmt Of Article Im I Section 2. Turnover. Ll)aewl�, upon the happening of this even or at such earlier date as the Developer met.- debendi , a meting of the then officers CA directors shall Rdbmit their written resignations, the r atsme control of the corporation. Provided, hmever, that so long as Owmeral . Corporation is the owner of one Lot or Livinq thit in the said mixi'visicn, it shall be entitled to elect one rywtxr of the I. - Developer can turn over control of the Association to werber by O.R. 0823 PG 1389 Mb r to cause its directors to resign&,cisjon - y is Developer the election of direftom givenfor _ be liable in any marr%er in connecticn with such e nor auth directors sh&31 it resigutticrts even if the refuse or fail to assume control or S to - such meeting. idthin a reasonable time After med)ers first elect the of Association aafter xt riot more than 30 days the Buwd of Directors of the _h event), the Developercontrolled « . I deliver to the Association all property to be o*ied or t aticM aria shal by the Association then bald by cc controlled by the Developer. a .. ,. - E i O.R. 0823•1 .... V. property rdghts and rights of Enjoyment of Comm Property Section 1. Each enjoyment of the com= properties and fmcilities as pro�d by deed of de-dicatim and Article 17, Declartition Of .._Properties - Section the Common Properties and Facilities reside upon •properties tenants Qio reside 9xh ma,ber shall notify the Secretary in writing of the name of any gucd, person and of thh relationship of the mober to such person. The rights and privileges of vxh person axe subject to mmPmsim -K3er Article .. as tl of the Section 3. Party Hills Cal oeneral Pule of IAv to 4ply. Each Casualty.pert of the Original cmatruciton of the I rpm the Properties and placed on the dividing line between the Lots stall c0nffti� A PMXtY 7 wall, and4 to the exten rot irconsistent with the provisions of this Article, the general rules of law regarding par ty val I and liability for property due to regligence or vUlful or cord-gsions stall (b) Sharirq of Pepair and Mintermice. 7he cost of reasonable repair ard maintenance of a party wall she' I be ed giz by the 04*xs who make we of the wall in proportion to mxh use. Cc) Des� by Fire or Other destroyed or damaged by fire or other c&sualty, any • used the wall my xembor it, ard if the other 0AWTS thereafter MOOe use Of the wall, they shall contribute to the coo of restoration thereof in O.R. 0823 PG 1391 v ,IQLJ � Y i �. i ,{ F (d) enforce any and all covenants, restrictions and agreements an-Ainghi to The properties: (e) Pay ta>@s and inmamlce, if any, on the ammon ptupertics and facilities: (f) snfiMain grocnda Of the ancon area including moving, ferti- lizing, insecticides, etc.: (9) m or&&in Pool, if applicable, incluling clewdM, d1mi,w13, maintenance of panps, Pool heating, including gas and mintaaxz of besting props, etc-: (i) clean and m dee ain perking lot, if Ohl• 40-0 ' (j) rerove waste from courn are"; QV saint in perimeter wall if appl.![abl (1) Pay the utilities Costa for Comm arms irrludim water, seer and elertriritp; (a) Pay for Other alscel lareCUS seT V sldch my be rewired. such as eNtensirAting services, seas Ity system maintenance and fire e3Min uLsher services; (n) nwintatn a reserve f= finlsac miafa>ahee and r7-'mirs,- (o) insofar as pmmitted by lar, to do anY otlherthing that in the ;=�r� ?..r•!..:,r; opinion of the Board of DireCtm-e. will Ptorothe the Oamsm - z'"h'� - - benefit and enjoymht of the re Ldmts Of Me properties. SectIm 2. A&Utims to the PrOPErties described in Article 2 nay be made Only in accordance with the MmisiCM Of the rvox4 tovessM person Or by PrMT at a RmUng duly called for this P=Posa, written notice of which mhall be mulled to all seaDexs at least thirty (70) dys in advance ad which written notice zM1I set forth the phapose of the A. O.R. 0823 PG 1393 u. n. %rw&w m 91 40 U] initial Board of Director3 *hall cloruist of three Directors %ft *hell hole office until the teradnation of the M— 'B' ra*=S•dp and until the election of their soxrsocs at the angel mMd'I9 of nn..eI or until their prior resig+athm. Open the te=irotim of the elass B mmbernlnipr as hereinbefore provided in article 17 hex the Boon! of Director* Ball be incree*ed to nine (9) mom, flame of .eco shall be elected for a tern of thrix (1) Years, three of rem shad be elected for a o! talo (2) yearn, and tins of %sa halt be for a term of one W year. Thereafter, at each anaal veetl 4 of the three • (1) Directors shalt be elected for a t-- of three'(3) peers. One tm5as and a9res*es of the persous +eo are to act as Direr for one year and until the election of their scccessoo are: C.C. Crtmp llll South Bayedore adve w Pummi Plovda 71731 Mayne L Allem 12th 9ooth Ray ore Ddve lila it Florida I -nm Rarold K. Pa. o 1211 St th Brf*me Drive xiant, Phorida 712.71 9e 2. Vacancies in the Road of Directors shell be filled by a pont by the other Directors at a specialaeetin g duly called far that pnrpox. 9x2 appointed Director shallserve until the riot au*nal meeting of ambers. - a O.R. 0823 P6 1395 dune, but not less flan the Of vRONCitl tbet ae to be filled. 9xh ncednatiens my be td! frm MYq tis Or ncei- a , m the Carmines in ib dig=vtim dail determine. bleiratims stall be placed on written ballot as provided in 9ectim S and *all be made in aivace of tte tine fixed in 9eetim S for tle tiling of such ballots to O.R. 0823 PG 1396 meeting Called for elections) - Section G. Each neoI shall receive as nw7 ballots as be has votes. robd tat waing that a aeiI ant be entitled to several votes. he shall esrdae on any are ballot only ane volt flx each vacancy shwa thereon. 7here shall be no cumulative voting• An voting shall be by t ballot Section 7. vacancies and Aenval. (a) Erccept as to vaoandes resulting from removal of Directors by mm- , vacancies in the Hard of Director oo=rirq between aaml meetings of shall be filled by the reamining Dire ctOICS. Prcewed that all vacancies in direchomtdFa to .ankh Directors were appointed by the Developer . shall be filled by the Developer withont. the necessity of any meeting. Cb) ?eq Director may be xvsoved with or vithoat Come by oor=mane of a majority of the unbar of the at a special meeting called Ls that purpose. ew vecency in the Board of Directors so created *all be filled by the ambers at W the same meeting, ass su . Director was appointed by the Developer, in vldch came the Developer *all appoint another Director Witt . the necessity of ay meeting. (c) provided, hmmver, that affil a majority of the are elected by the ambers otic tint - O.R. 0823 PG 1397 (c) To estdAigh, levy and assess, and collect the as,•.ry•m•'• or charges refm to in Article la. Stic*1rn 2, in Article vz and elw0v=e in the Fiy- lewe and Declaration of Cove mod Festzlctlat+. (e) 1b exercise for the Association all powers, datieS and authorities vested in or delegated to this Association, eee+gc those reserved to the aeetim or to ambers in the cv.vatts. (f) lh the em t that any ember of the Dowd of Directors of this Association Ball be abaett from U. (3) oomanitive regalar wetie of the Moan! of Cdrector's, the Moerd my by action takm at the msetim daing vhi.ch said abewce oa=?t, declare the office of O.R. 0823 P6 1398 (a) To cmme to be bept a Corplete -- of all its thereof to the , I at the mmal meeting of metex or at any special meeting when such is reTuested in writing by ane--fouxth (1/4) of the voting vmvter*dP- Cb) 7b StAiervise all officers, 8951 and aVloyeft of this AsSoCistim, and to see that their d�l are properly per (c) As rore fully provided in Article V of the Declarsm— b. i. To fix the awan of thie I against each 100t, (Mvperty) for I I period at least thirty (30) days in adm of such d&be or perJcd and, at the Sam t1w, IL 7b prepax a roster of thie j-,4— and assessments applinahl them- tibich elm" be kept in L -ie offic . e of the Association and shall be open to inspectim by any and, at the same tive; iii. To meind vritt3n notice of each to iv. 7b iwoe, cc CEM an appropriate Off I to getting fattl %dether any I has been have been paid. secticn 1. After %,� of control of the Association by the DL�, the m".ml voeting of the fter4 of Directors shall be held as mom after the Annual meeting of as is fffiam:W . Provided that t�e Board of Directors MOY. by remlutkn, dunge the any and how O.R. 0823 PG 1399 rm C be as valid as thoo;h made at a meetirg duly te]d atter regular call and notice if a gaorm Is presact ad. if either Deface or atter the meeting, each of the dlreetm not presets signs a written waiver of entice, or a carnat to the holding of such meting, or an appcwal of the wd 1 thereof. All such waivers, asaa+b or approvals stall be filed with the aorpoxnte recorZ+ and wade a peat of the mates of the meeting. Section S 7`e sajedty of the Boned of Directors stall anstitate a go=m thereof. AM= TS Officers Section 1. The officers shall be apresidaet, a vice-president. a seecstary and a txaewaer. The president- *ell be a weer of the (hoard of Directors and stall act as Chairman unroof. Other officers may, but are not required to be Gerber's of the Board of Directors. Section 2. The officers stroll be dosed by a majority wee of the directors. section ]. All officers dill hold office during the pleasure of Rhe Board of Directors. O.R. 0823 PG 1400 proceedings in a bock to be kept for that parPOSe. Be mb slgrmzjL certificmtes of MmAxwship. Be shall bmr Ue m= of the Association - He stgal recom In a bock kept for that Purpose the Dams Of a3 -I I of em Anociatimn boget2rt with tMir 41 as registered by such X=, appointed by the Board of Directors to per the dutJ of t!* Secr&xr.' in his absence. Section 7. • treasurer shall receive and deposit bank accounts an monies of tYe Association and shall di much '. rds as directed by resolution of the Board Of Directors, Ptowid9d h"'ever that a resolution of Ue Dowd Of DireCbws stall not be namessary cw lirdto of a budge adopted by the Board. Mm traftwer *01.1 SIX ILYI d and , of the Association, provided that such d and r^' &W I also be signed by the president or the vice-pmsident. Section B. The tzaaw=ex stall keep proper books of � " I' for the Association and ste" prepare an annual statement of cash receipts and dUb=swrntx &s of the end of esich fism' year, such stabamen to be O.R. 0823 ;_ Y its discret!eeL eek. Section t. M;* Architectural ao<htrnl as+dttee stall hne the duties and fnrnct mns described in Article VI of the Declaration of aDvefmts and restrictions avO111ble to The Properties, It Stell .I for amf els, progrmm, or activities n dC h My adhIersely affnet the residential velm of 7te Properties and stela advise the Board of Di ectas regrading Association action on sodnsettees. Section S. 7Ae Publicity Ommittee lull infam the nmt+ers of all activities mid hnctian of the Association and !esti, atter consulting with Ua Board of Directors, cele such p&aic .elmses and m:ois+oeme+ts as are in the best interests of the Aesxiatim. O.R. 0823 PG 1403 bobs od ezoo '8.0 VEN aq nap &4;aaa .aaq= iwj+a un 'a*nw-M aw Aa var[m amgwa iD bsRaaj vri aA xa r •z aora�ae 'UZriasarap aA ur PWT;w as Iswi QLR 3D tsz URA aana; as.D zxbrauC aaA w amP Wm MLS a� Im sodacawo acA k7 ia4lb aq Limp ;=ap aDRDu Dm a*nwaa an Aq Aiuo WRao a4 Am wiWw amara 3D wRaKa aYi 3D3 buRaoa wu as TRm vm aq rraw aragm 3D &rte a+ 'Pwaza vF..nQ , an D; &AWAN FR>tiaRS^ t 'i UYr;,Za6 aa*r.w 3D •� atliacrt I 1A 11 involve an electionni ygmem by Article VM oT aaction 9MRM I <7 by Om Articles of Incorporation o[ by the Q7mwt! A+TT/"I to it,e properties, notice of such meeting shell be given or sent as therein 1 1: s pb Z t i. C, i 1A 11 involve an electionni ygmem by Article VM oT aaction 9MRM I <7 by Om Articles of Incorporation o[ by the Q7mwt! A+TT/"I to it,e properties, notice of such meeting shell be given or sent as therein 1 1: i 1 k L y. f; � O i f 'F 8 t 4 section 5 Emmpt as cdrxwise him" provided, the presence at 1 em meeting Of I entitled to cas or of ptoxies entitled to `ct�—� k 7 ") of tbe votes of each cl of umber*d stall -ti Y, a for any action governed by U Br-Imm. 70 action i quoxm Properties! Shen m7uir a qtcxm as therein provided. i M Xr7. proxim Section L At all I maetimp of each I May3 9 vote in persen or by ptuxy. gection 2. An be In writinq and 51 the ... I _dyLU _with Secre y. M proxy sball extsi; .. sale the member of his .- ' bme or other interest in Tie PDOperties. r = 27. Dod3 arid Papers { Settion 1. 71* 1 and papers at all. 0-4 during ramsmvble business of the Association stan ho=s, be md*m to the .. fA== inspection of Orly Carmrsts 9501 Section 1. em Association dull his" a owl In circuljw fbm having within its ciraxnferesm the um i profit corporaticn. incorporated Florida, IM. O.R. 08231. t i e .; �, e' .. _ ., F: �. � p' i. �' ,� �. al .. .. _ qC { t } ._ p P. i F� IY S t i e • ,am= 'B� c+•rbsSn bb ad E3cd�a t1E�Ed 1n P_� Do%= =8111 2n a7 0a17o.N4 0%� t+mald 2n 1Ee M11e ft=& d L• 12tt! C2ma. flarfA u7 E d, Asasgmtod = Ta TeWwrtW'. to ldtr ' CC aomtdbw to a put mw mmdCCS >e ASle lb.r Canty. 72ed&. ` La 2m A 7 1 71.10 SOS S+C7 SO A !D the DLR emrwe . E.OLe RI -W C t, floes&. : rapn of t AE13e Romm d tm-313, 27 3. 4, t. 7, t . 27 2-1O. 23. 17-H 283 71 13-N 72 S. 30. Y 73 L Z. 9-M M. 13 wJ0 IOLR 1¢vo4'n 0R 9!S_ .off to 1Eo NR emmot • SSJa IIR Cael7. flo4S! R 27 a m AiEI# a a[ tm . 74 3. 4. S. 7-14, 11-21. 22. 24. 27 75 7 U. it -M. 31 74 L 3. t. V. L. 17. 22 77 N. SAL Y. L ' 77 S. S. 4 f. 13; IS. lo -n 79 1-L. 22-71 71)D 10fa 3CC0 e45f ORT f001e m 0b SL7t awwwor ins" l2w m. Haile 3 d ffi . 132 14. 31-32. 37••11. 26 D. 27 _ - 310 3. 7. 30. 14. 22. 23. 2S. = 122 ". L 21. 12. 13-25. n. 25. 21 123 4. 4. 34. 27. 20. 23. 23. 21 is 7. M •. W. 20. 23 114 2. 4. 11-U. 12-17. 22•aX. M 4, 1. 11. 0.14 S1X L 3, 4. 4. 7. 32. 21. 2% 12- /.20 327 L 3-91131-17 127 S•/, 1440 ' 127 L 4-12. 14: 25, V. 21. 21 LU L 3-7. /. S. 1L 14-13. 17. L 132 IL 23. 14.17 LD L, W -ft ut 10. 12. 13-11. 22 173 4. 7. 1. S. fru. 20. 22 114 2.%7. S. 3L 13. is 121 7. 7. 11. 13. u 331 3 L" 5.13.12.20 to L S. 7, 10. LL 23. 24. 23 141 L 2. 4. S. L. 13. I7. 17 142 3. 4. S. U. 3A. L. 20 m S. 4. 7. S. U, 30. SL 22 1M S. 819 lh L 17, A. 21. 24 iM 2. U. 23. 1t O.R. 0823 PG ' vu O.R. 0823 PG 1409 ' �S •R• t3�:!'27 7R 41. . 117 9-13. 13-02. 25"m la 9-1. 17. m 20.71 - y7 s. 7. 20. U. 11. 221. b. 29 10 20-M 14-12 in : S. . 39.. M L9, 2% 21. 21 1s: . L. 1. Y. U. 3/. 73. is 39 Lu 3 2, s. 7, M. 11. V. 20. 25, 27 - is z. 4 S. s, 2. 9-12, 73. 17.•13 273 L 2. 7-12. 17. 20, 22. a. E vmp soot x--mxm W..- RIs sm=, tns m Cr vase "Mce ac K a[ Cn Hetle seas d L.al� Xt-W Ol.7. 11OCWb. tLCt - M 2. 1. 410. 1L D. 17-23 as H. 10-12. Y. L. n. 20 , is H. 1L 2/. W. 30 12, U. M -n so H. 12-73. 27. 14 II. a. 2-27. 22 • - T L L S. 7-U. 23. n. a -N i 2. S. 20. 1L 11. Is. V. 2" s1 3-7L 16-03 Q H. 7249 s/ L0 -a 32 3-a O Ta s7 ♦1L 10-10 a 2,1.0-70. a -II k -92O v �_ 1140 - H. k4 s.II. 1M13. 20--a}L.22x T12. 19, L. . H. 23 I 320 2-U. 73.2 a 131 1413. 14. a. 21. 21. 27. 23. 27 112 1-10 M3 I�m f^F-'•p�7wr. ..'. 321 1-16.21.0 . 113 2-s. 3473 • 113 !Y. s.7.I1SY:S.I7'n. II. 73.71.2f.29 . 117 2-7. f•it2 U3 1-13.37-22 - wm •'sa foel O.R. 0823 PG 1409 589710 CERTIFICATE OF NIEHMIEXT TO THE BY-LAWS OF VM BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, _INC. WHEREAS, the By -Laws of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC. were recorded on February 23, 1989 In Official Record Book 0823 , Page 1385 , Public Records of Indian River County, Florida; WHEREAS, Article IR of the Articles of Incorporation and Article XVII, Section 1 of the Sy -Lar, of the VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATIN, INC. ('ASSOCIATION') provide for Amendment to the By -Laws by an approval of not less than two-thirds (2/3) of the voting Interests of those members of the ASSOCIATION present In person and by proxy at a meeting of the members of the ASSOCIATION; 3)4:WHEREAS, a mating of the Board of Directors of the ASSOCIATION was held on X 1980 . at which a majority of the entire membership of the Board of Directors of the ASSOCIATION, with Ouorto present, did vote to amend the By -Laws as set forth In Erhlblt '1' attached to this Certificate; WHEREAS, a meeting of the Members of the ASSOCIATION was held on December 1, 1988, at which two-thirds (2/3) of those voting Interests of the entire membership of the ASSOCIATION present In person and by proxy at said meeting, with quorum present, did vote to amend the By -Laws In the various part]culars as set forth In Exhibit '1' attached to this Certiclate; WHEREAS, the Amendments and this Certificate shall be recorded In the Public Records of Indian River County, Florida. NOW, THEREFORE, the By -Laws be and Is hereby emended In the particulars as stated In Exhibit '1' attached hereto; said amendments shall run with the real property subject to that Declaration of Covenants and Restrictions for VERO BEACH HIGHLANDS as recorded In Official Record Book 611, Page 1494, Public Records of Indian River County, Florida, and as amended thereafter; and shall be binding on all parties having any right, title or Interest In the meld real property or any part thereof, their heirs, successors and assigns, and shall Inure to the benefit and burden of each Owner and occupant thereof; and except as otherwise amended hereby, the By -Laws shall rema In unchanged and In full force and effect. CERTIFICATE OF ADOPTION OF AMENDMENTS �\ WE HEREBY CERTIFY that the attached Amendrtbnts were duly adopted as ,rX1� Amendments to the By -Laws, and that a majority of the entire membe•ahlp of the p Board of Directors of the Assoclatlon, and that two-thirds (2/3) of those voting Interests of the entire membership of the ASSOCIATION present and voting In person and by proxy; at which quorums were present; did vote and approve same. ,r DATED this isr day of WITNESSES: 44 December, 1988. p Se THIS INSTRXENT PREPARED BY: LEVINE AHD FRANC, P.A. 70 Royal Palm Boulevard, Sults Vero Beach, FL 32960 Telephone: (407) 669-2405 VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION. INC. .. I '.r h, attest: '' :'•f{' SECRETARY: o A?Re2r A. C"3^sn� ..�'• _oma PTx O ` V z l o m O.R. 0824 PG 2650 i. STATE OF FLORIDA ) )n COUNTY OF INDIAN RIVER) x: I HEREBY CERTIFY n t on t +s day of NB? D.ero�s �e personally appearedX-�. Preslaent and X = Secretary of the VERO BEACH HI S ROPERTY OWNERS' ASSOCIATION, INC., a Florida not-for-profit Corporation, to ne known to be the Indirl duals and officers described In and who executed the aforesaid Certification as their free acts arid deeds as such duly authorized officers; and that the off lelal seal of the Corporation Is duty afflxed and the Instrument is the act and deed of the Corporation. l �,Su::.>: . WITNESS my signature and off lelal seal at U.�- �1_�!`J In the Cou+Ry'dtf Indian River, State of Florida, the day and year assstt stores Id. �� �V p t `: NOTARY PUBLIC, State of Florida at Large �� ,.•- V �'trt -mu Sr�n s r�4""�*% A:VERO8O2-BO3 My Coemlealon Expires: wew n. "w. .w.a.lan, =t•'';:' Kx wn mi w M. PAGE 2 y.' O.R. 0824 P6 2651 EXHIBIT '1' AYENDYENTS TO THE BY-LAWS OF THE VERO BEACH HIGHLANDS PROPERTY OWNERS' ASSOCIATION, INC!_ As used herein the following shall apply: A. Words In the text which are lined through with hyphens (—) Indicate deletions fres the present text. B. Words In the text which are underlined Indicate additions to the present text. 1. Article I of the By-.awa shall be amended to provide as follows: 'ARTICLE 1. Def lnitlone 2. Article IIIA of the By -Laws shall be deleted In Its entirety: Article IIt-A 3. Article VI, Section 2 of the By-laws shall be amanded to provide as follows: 'Section 2. Additions to the Properties described In Article 1 may be wde only In accordance with the provisions of the eable to Be d 0 ape ties, Declaration of Covenants and Restrlctlons, as amended or supplemanted from time to Lime. Page 1 O.R. 0824 P6 2652 C: Y - •r {. Article IX, Section 1(d) of the OX -La" Shall be amended to Proylde as follows: 'ARTICLE IX Powers and Duties of the Board of Directors Section 1. The Board of Directors shall have power: (d) To adopt and publish rules and regulations governing the use of the common properties and facilities and the Lots and Unite and the personal conduct of the members and their guests thereon. Proviso. S. Article XVII, Section 1 of the By -Laws shall be amended to provide as follows: *ARTICLE XVII Amendments Section 1. These By -Laws may be amended, at a regular or special meeting of the mens»re, by a vote of two-thirds of oath-e4s0e-ef those members present In person or by proxy, provided that +he" .01 jams, Such amendments shall not be In 6. A new Article XVI 11, Section 1 shall be added to the By -Laws, which shall provide as follows: 'ARTICLE XVIII MISCELLANEOUS Section 1. Leasing Approval. The following Shall apply to leasing and subleasing of Unite. Any reference herein to lease and leasee shall also Include sublease and sublessees. (b) Articles of Incorporation of the Vero Beach Highlands Property owners' AveoelatlM, Inc., as amended and suppl smarted from time to time. Page 2 O.R. 0824 P6 2653 (c) By -1.2" of the Vero Beach HlphlandS Property owners' Association Inc as amended and Supplemented from time to time. (d) Rules and Repulatlons of the Vero Beach Highlands Property Urners' Association Ina., es amended and Supplemented from time to time. 1.5 Exceptions. The forego Ing provisions of this Section 1. shall not apply In the follow Ind Instances: 1.6 Effective Date. This Amendment Shell be effective upon recordation In the Public Records of Indian River County, Florida. Any lease made on or after the effective date shall be bound by the provision$ of this Section 1.- Page 7 O.R. 0824 P6 2654 • 7. A,mvf ArtlCle XVIII. Section 2. shall be added to the By -Laws. which 4hall Drovlde ■a follows: A:VS080e-814 Pape a O.R. 0824 P6 N55 D� This Instrument prepared by: ii �� • NEDM. SHANDLOFF, ESQUIRE ?\' QM65 1111 So. Bayshore Drive s^w.r�illhh// Miami, Florida 33111 GENERAL WARRANTY DEED \ti THIS GENERAL WARRANTY DEED Made and entered this 9th day of October 1983 by GENERAL DEVELOPMENT CORPORATION, a corporation existing under the laws of Delaware, and having it, principal place of business at 1111 South Sayshore Drive, Miami, Florida 33131, hereinafter called the Grantor, to GENERAL DEVELOPMENT UTILITIES, INC., whose post office address is 1111 So. Bayshore Drive, Miami, Florida 33131, hereinafter called the Grantee: IV, (Wherever used herein the terms 'grantor' and "grantee include all the parties to this Instrument and the heirs, legal representatives and assigns of Individuals, and the successors and assigns of corporations.) WITNESSETH: That the Grantor, for and In consideration of the sum of s1O.OD and other valuable considerations, receipt whereof is hereby acknowledged by these presents does grant, bargain, sell, alien, remise, release, convey and confirm unto the Grantee all that certain land situate in Indian River County, Florida. As fully described on Exhibit 'A' attached hereto and made a part hereof by reference. - - This Dead Is executed subject to taxes assessed for the year 1985 and all subsequent years and to conditions, easements, limitations and restrictions of record. TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or In anywise appertaining. TO HAVE AND.TO HOLD, THE SAME IN FEE SIMPLE FOREVER. ANDtheGrantor hereby covenants with said Grantee that it Is lawfully seized of sold land in fee simple, that it has good right and lawful authority to sell and convey said land; that It hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons wdwomswver, and that sold lard Is fres of all encumbrances except as above set forth. IN WITNESS WHEREOF, the Grantor has "used these presents to be executed In its name; and Its corporate awl to be hereunto affixed, by its proper officers thereunto duly authorized, the day and year first above written. 'Signed, sealed and delivered In the presence o1: '`07 STATE OF FLORIDA) COUNTY OF DADE ) GENERAL DEVELOPMENT CORPORATION B HAROLD W. FENNO—�—Pres. ' (CORPORATE SEAL) I HEREBY CERTIFY that on this day, before me, an -officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared HAROLD W. FENNO, Senior Vice President of the ai'i1012 0 tliE l 1 9 ��" .ter FARCM 24 LLCM• DESCRIPTION (Sebastian Righlands New Vater Treataent plant) All of TRACT 'D' as shove no the plat of SMkSTIAN RICKLMS OMIT -17 as recorded in ?Let look 6 at page 46 of the hblit Records of Ldian River County. Florida. All lands situate, lying and being in the City of Sebastian. Indian River County. rl.orida. �yNrprT A R.•RL WL Rog MW. gtRk d we* NOK W Far Osr1 • w '=M• J �Zp �J•Y.�'1''l_^t. ; GTT •: •.art ' 1g'f _ � _ D f "7 cr O 579961 This instrument prepared by: NED M. SHANDLOFF, ESQUIRE 7 '1 1111 So. Bayshore Drive Miami, Florida 33131 y� WARRANTY DEED THIS WARRANTY DEED Made and entered this 13th day of December I= by GENERAL DEVELOPMENT CORPORATION, a corporation existing under the laws of Delaware, and having its principal place of business at 1111 South Bayshore Drive, Miami, Florida 33131, hereinafter called the Grantor, to GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation, whose post office address is 1111 So. Bayshore Drive, Miami, Florida 33131, hereinafter "lied the Grantee: (Wherever used herein the terms "grantor' and "grantee- include all the parties to this instrument and the heirs, legal representatives and assigns of Individuals, and the successors and assigns of corporations.) WITNESSETH: That the Grantor, for and in consideration of the sum of $10.00 and other valuable considerations, receipt whereof Is hereby acknowledged by these presents does grant, bargain, sell, alien, remise, release, convey and confirm unto the Grantee all that certain land situate in Chariotte County, Florida, vis: As more fully described in Exhibit 'A- attached hereto and nude a part hereof by reference. This Deed is executed subject to taxes and special assessments assessed for the year 1989 and all subsequent years and to conditions, easements, limitations and restrictions of record. TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD, THE SAME IN FEE SIMPLE FOREVER. AND the Grantor hereby covenants with said Grantee that it is lawfully seized of said land in fee simple; that it has good right and lawful r authority to sell and convey said land; that it hereby fully warrants the title to said land and will def-nd the same against the lawful claims of all persons whomsoever, and that said land is free of all encumbrances except as above set forth. pY IN WITNESS WHEREOF, the Grantor has caused these presents to be executed In Its name, and Its corporate seal to be hereunto affixed, by its proper officer thereunto duly authorized, the day and year first above \\Y written. O m- Signed, sealed and delivered In the presence of: GENERAL DEVELOPMENT CORPORATION )VBY: HAROLDW. FENNO. SR. VICE PRES (CORPORATE SEAL)'. ; s-•r� C '. 'i�� i STATE OF FLORIDA) • ; `� ��� ,�.. ; ,=� COUNTY OF DADE ) ie- ..,�"• r I HEREBY CERTIFY that on this dry, before M. an officer dory authorized! In the Stab and County aforssaW to I acknowladgnw+b, VM IT. - Ia1L 1 •�+� FRM Latw. Oat of Oe/ Ori tram a>.e Gtaq' • At6eefjefz 0818 PG 0341 EXHIBIT "A" .i LEGAL DESCRIPTION COUNTY isAIDTOWNSAARB31 11 H:'UATIOR E07HEFS. EEM [O��tHE R'[ I/;. FOLLDrWS. IP As N{DP RE!Hu II'tfbR[RAHDE 3D EAST INDIAN 'A} FLDkIDA PARTIc " . e. L MDR[ OR LFS3, 0. R. 0818 P6 03C2- Oen+M appeared HAROLD W. FENNO, Sailor Vkm President of the corporation messed as Grantor in the foregoing deed and Met he acknowledged executing the same M the presence of two subufbming wiL+esses freely and Woluntanly under authority duty Was in him by said corporation and that the seal affixed thereto is the bus corporate Seel of said corporation. WITNESS my hand aid official seat in the County and State last: aforesaid this 12th day of December Im. My Caproission Expires: 'r r PUBLrC- Yl % recce srer a nn.:a 5 of Florida at Large . 0 1 N m a �1 r, r 3$ a m J M 2 LAWI7T OFFKX4kL RECORD Marrantu Drrb 11. hiS .3nbrr1t=. v.R., rA:. °th A...! April .4.n W,2 �i C ..p .nr;wt ..lw •A. M..{rA. [•.r../ Del al err •A"r n.( Dsde—1......{ Florida , l.11...rA..:s.1 •w n.wrt Aa,:...r :. rA. .40..( RL..l� p t .r rA. f,.r p r. J ______________ r71nAL DF':ZOFX.=:T :':!LIT::` ____ ______________ �' ....r.+r:_.:...n•r J.. •A. h.J •1r S.r../ Flor, ift .A..:.r :.. r{ � '+� r.:..:e.l ra'./h...... :. •A. r..,•../ Prcvyrd w/trw .f Florida J I.II..wA..:rl w •r..rt A..+.� :. •k 4r..� Flrh �.. ..( M......J ra•. FUNK- F.Tll: Th. A, _:! r..•..1 •A. :w—gid..." TEN V;D `1'0/1^0 (S1O.0O)__________________________________ •. a .w A.w/ r...l A. rA. _:! r.n..( rA. •n�,l r.••, •A. ....:rr .A.....I ,. A...M r1.�l.Jr.l. H. r. ,.t A_A+.! r.d -a w A- .;d r.•t..1 •A. r._.J P.r. ;•. �..�.. J .r•. /....... 4..,.:Ad1.al alar". r.:.R J{.:.R la rA" C�.7 Indian River i The East 100 feet less the East PO feet thereof of Tract "A" Unit Rine, Sebastian Highlands, as recorded in Plat Book 6, at Pages 36 and 36A of the Public Records of Indian River County. Florida. —�=-- T..r'.y{+r,'..'y.:Lr..r..W+rA....Fl- 1 ;. r' arlpAli lY'Lr%a}.: ;..�Jta�irw,a. < +.r... �a�fle,�.p. '• i `?1Ic ..�5."Y�-i. _ i� t S�ihiLS✓.d. LT'�i\'��.','�at "_KL. _ a. :1 .,11111 :�.yyy, ,, .:, ! I , r'>ti••..t::�.., �:. ��,I. ��.:.��... , .. ••M T�`�.f�/•HA�`�I'/1 •,(' il MI.t:41MY ..". 39arrunYg IDrrb •+oto n ; r .•:� } �� Y f:�..,,,o,,,.� "'�: I IIROY CORPORATION TO [OAl'ORIiIONI FROM Its -C .I{t ' {�..<�O,rj 1l' .moi {p to 1.''�. > , ; AWRACT OF OESCRIPTIO.N b ✓ '1 F ►• e O L la R.utJ the day of � In Ih P.11ic NrcotJ• of t �t•'• f'J • ° �QQ Q� ° �;�R11 Coual, FIaiJ., in 011,ci.l Rccord• 14w1 Pap a T i T --- � E. � � 11rt1 M360 x4f/ am UL M=nF W Ca"WIQ, Jamn'�• .La n61.. ...../..ate rrvriy �. i.Iro./ de S.r Dalarw� / "'W A"../ ►...r i .►. firs ./ Dada a.d Sr { Florida i � Lrf.Q. r ria ij.r. Y aL !w• �/ ►L:4 Py ': +' AW pat a =a= DL9IIAPl W UTII.nffi, M' a.�parr: webi.t a.ir al. Lr./i. Sar../ Tlorlda r PY^✓d ►V, q i.d.. 1. d. C+ -f IIrOman d rd 3m w f Florida - Ff .d LriA i A. S + f lLai m6' PaM MFTG4LTR. TL i ..Y try .f i F- p— TDI LID 70/100 (tio.00) - - - - - - - - - - - - - - - - - - - - - •8i. » . i. L.W pa1 F Ai -a pry -f .L. r.— /.n. i ..--ip .i...f i. L.4.A..rL+pt ►.. a.....4 bw,.d.4 or ..W r rL W ry •f .1..-..d part h...n.s. rad rJl•a P...... rL f.Q..:.R M.iLl Ld :a....� Fria 1 Lia i d.Cr7•l I7mLU RIM r d S..r..1 F%w"m. h • The Fut 80 f.at of Tract •la. Unit 9, SSILSTLII HIIB'.A=, aocordin( to the Plat tb root, as recorded in Plat Dont 6. at Palet 76 and 761, of the Public Roccrda of Ind -aft I' Rirar Cotmty, P•lorida. I.INII.\. 11 ONtP.' rry./a4. frr/r. L. L --at J.a ,:i r m tA..& iA/`f..t rL IF p. f(1Al RECO ^ - we 116 rnt45I L OMC(AL RLCC--- s is lthwu 3*rroL w r•ef d rM f+r P-- r ..! r1^ P. :, .�.. by 4. r r../+r.....d :a r—rrre ..+1 » k duel• rr.v t F ► s.:irr. ,a: L..d y laj Rlili'.!f � l..r: /'rli� e.3ly} • I u btdr ac 31nr1Da. — t arc, of _ FADE 1 A. a n61 . 1./r. ^ P,---& -pp---d T. E. YACF.I v, R. .d L d. YACELE h.�l..r ..l t.e.e.r7 ...ree:•`�•''� 0_v4ERAL DrfnxF.,= CD!ulo°A-I@: eM Jrre./ D.1+.rar. 6..t r ..# ./:,... (r l.......f r•r—• d...1 w:..l .l rr M.../:L.1 rA...w..,...! .l ./:..a r., r Y; lens Dade rM Le o.l .er Lr . f..•.i1 / / / .. /\ a /l� IS . .A i •F h 55514. , .•rata.. •a« f.% \ty' • a...ij�.ra! �iw` ..... Warranty ,erg cys Nbrnturr. meal.,hi. 16th J. -1 December I'll' 1�C6 1 n"T MIN GRIMAL DEV -:10M IT COR"'R '1OR � . a nwpwri.. rairuf adrs rA. 6.r../ Ih. 3rw .1 Del ware . Ani.f ira pri..ipd ptr .J A.d...ri.. lhr C..n.l Dade Red Sww./ 'Florida . .d I.rJ.Ih ..rFrisJ n rrar+ A.a:— i. rh. Srw .4 F1.rida p— .1 1h. F•+ p.". r GENERAL DEVELMOCT UmITIM'. INC;- " - .rrprui.. r+iari.R.d.r rM 6.l elrM Surr.J Florida. .Mara!w. et &,r Cor a1 w�•. Dade a dSwr Florida pri.r:pJ pl....l A.a;.wf rh. C..n .J Dade 1 el.d 6.Jdir .rAs.a.d r. rw.w b z.,M o. rh. sl'. .1 FI>:da p.nl .l rM .....d p.. - R'IT.NMSF.T!!: Thu rM -id p.nr .! rh. Fan parr. /.r ..d ;..�..;d.wri.w rE17 DOLLARS AND 07'FEli 0007 ASD YALDA.a IUNStM7..A7I0:1 - - - - - - - - - - r. n :. h.d "id h, rAr w:d p. ... .( rh.• ....d pan. rM r. P, rh.....J :. Ar..br A.. pr..r..l. A.rf.i..d ad .Ad I- 'A, mid pm el h. "'d pan. in ar..r.. ad rhr /dlw.:.f d-. i" lad air.... I.i.f ad A.i.f i. rh.c...p -1 Indian River .ad S,.,. .1 Fbmm: SEBASTIAN a2RHIGHIA1tl =1, Tract9, Re less xeorded In Flat feet Bookt6 ator''. Pares 76 and 36A of the Pa611r Records of Indian RSvar Coanty, Florida. Sl>1 is r•rLu 1.1 u4 •-\�rir O- IddrWp.",.JrA.Frn pan J... fi."y Idly.wrr.rrA.ran. r.'a"J (rF .:n J"...# WArh. pns..A...., 24" nx 40 OFFICIAL RECORD i S ' l I � : I- i G' .. � � I� `,JC 1.,,; � E '•..f'"� ��" �' "�J �itrrc�lltlJ 1�, PP1� r t (FROM COIOWR 4TION To CORPORATION) FROW AY w TO Uzarb ABSTRACT OF bf:�l.KIVTION Vt 18 F.w I., H .... 4 the day of :2 mmjed th, pAtic K,c.,Js t•f .5 'S County, Elcaij.. i. 0166.1 Aecotj. D.6 ch IL Jt 1.1 'idlvi t D.C. E 1:6 WV L 1 833 L551 skom 43A Ulu Thi. Mortgage sou prepared by RECORD VERIFIED ? • Paula McDoodd Rbodes. Esquire JtL'FFREY K. BARTON '? Cvi,uu, Fields, ward. Emmanuel, RIVER Smith A Cutler. P.A. CLERK COURT INDIAN RIIIVER CO.. FLA One Harbour Place Tampa, Florida ))602 THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION CONFIRMED PURSUANT TC THE ORDER ISSUED BY THE UNITED STATES BANERUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN CASE NOS. 90-12231-BKC-AJC, 90.12232-BKC-AJC, 90.12233-BKC-AJC, 90.12234•BKC-AJC, 90.12235-BKC-AJC, 90-12336-BKC-AJC, 90.12237-BKC-AJC and 90.12238-BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE MORTGAGE AND SECURITY AGREEMENT NO 1 THIS MORTGAGE AND SECURITY AGREEMENT NO. 1 ("Mortgage'), dated as of August 31, 1992, from GENERAL DEVELOPMENT UTILIT ES, INC., a Florida corporation (' rta r') having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY ('MHT'), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) (' rta '). WITNESSETH; WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property particularly described in Exhibit A attached hereto and made a part hereof (the *Land") and all buildings and improvements presently located thereon; WHEREAS, pursuant to that certain Working Capital and Term Loan Agreement dated as of March 31, 1992, executed by and among General Development Corporation, a Delaware corporation, new known as Atlantic Gulf Communities Corporation (the 'S'ommart % certain Banks, as defined therein ( such Banks and their permitted successors and assigns being hereinafter collectively called the ' r kks'), and MHT, as Agent for the Banks, as modified pursuant to that certain First Modification of Working Capital and Term Loan Agreement dated of even date herewith executed by and between the Company and Mortgagee (' ment') , the Banks made certain term loans to the Company in the aggregate principal amount of $50,000,000 ('Term Loans') and made and agreed to make certain working capital loans to the Company in an aggregate principal amount not to exceed $20,000,000 outstanding at any one time. on a revolving basis ('Working, Capital Loans') (collectively, 'J=') evidenced by a rrmrzs.r RETURN TO: M. MORGAN R.AGLER MIE C0MPANY 1897 P/'.LIA BEACH LAKES BLVD., 6125 WEST Pr'.Lid BEACH. FL 33409 0 r CD IUD CM c'> 7V N CO 1/3 EXHIBIT 'A' Indian River County PARCEL 13 (FIC PARCEL 2) Easement rights as to the following, A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 10 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot S, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. Is 1/3 EXHIBIT 'A' Indian River County PARCEL 19 (FTC PARCEL 5B) SEBASTIAN HICHLANOS WASTE WATER TREATMIEENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly describ&, as follows Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East) thence South 89. 22' 36' Went, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00. 01' 24' West, along the West line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida, thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances, Thence continue South 00. 01' 24' West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21' West; thence Westerly along the arc of said curve, a distance of 70.30 _feet, through a central angle of 09. 14' 48'; departing said platted boundary thence North 00. 01' 24' East, a distance of 54.11 feet; thence South 89. 19' 02' West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees. to the South line of thu said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00° 01' 25' West, along the West lire of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89. 22' 36' East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, core or lees. (All acreage referred to herein Is for informat!nnal purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following: A portion of that area designated as 'PARK', in Block 30 of VERO BEACH HIGHLANDS, UNIT ` TWO, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described as follows: Begin at the most Northerly corner of said 'PARR'; thence run South 29. 42' 00' East, along the Northeasterly boundary of maid 'PARE', a distance of 82.5 feet to a point; thence run South 60. 18' 00' West, 133 feet to a Point; thence run North 290 42' 00' O West, 82.5 feet to a point on the Northwesterly boundary of said 'PARR'; thence run v' North 60. 18' 00' East, along the Northwesterly boundary of said 'PARE', a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or less. c� (All acreage referred to herein is for informational purposes only.) W i� f 1/3 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follwei COK-EENCING at a 3' x 3- concrete monument marking the Southwest corner of said Section 31, run North 00' 17' 47' East for 175.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE-, as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida) thence leaving said centerline, run South 89. 41' 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING) thence continue South 89. 41' 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Fame Water Management District Lateral Canal J-51 thence North 14. 00' 00' West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat) thence North 89' 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17' 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 scree more or lees. (All acreage referred to herein is for informational purposes only) u AINAUD a11V A• x11 S3I1u31ONd 1N31%3SV3 a3Q1100311 ,ONI 's311CIIJn ,Lk3iG1O13A3Q'1Vu3N3O .0., 110IHX3 • e 8582 V16Z 'QZI 11VIIV'IVIV NIVW 3OtIO3 S58Z 616Z *uu uV11V1VW NIVIN 3OHOd Z58Z 016Z 'Q1111VUV'IVW NIVW 301103 19LZ S58Z 'Qu AVII W'IV41 NIVN 1131VA1 1611 0582 LS lid 113M3S 19 1131VM rl 961Z ZZBZ LS Wd 'NM S.LIIOI,�1�I N m Z61 ZZ8Z S3I.LriILCI 3 -LIS NO Iv ZSI 85LZ S31.11111f131IS NO P60I ZSLZ 6# n 01 OZ# SI - NIVIV 301103 65LZ 817LZ 'IVNVOI0'NIVW 1131VAt.9I OISZ 86LZ 6# n 01 OZ# SI - NIVW 301103 C 896 S6LZ S3I1I'111f131IS NO SSIZ £DLZ S311i'IILfl MIS NO ISIZ £174Z S3I11111fl 311S NO SLSZ Z17LZ S31.i nI.Lfl 31IS NO 899Z £ZLZ uSV v 91#'1,13A1 L9Z IZLZ S Wd '.V. 1OVN1 SI£I OILZ 'Qu AV3 WZVd MVW d31VA1 ZIIZ 80LZ 'Q1111VUY'IVW NIVW 301103 8552 LOLZ 'GA-If1 Wd NIVW 301103 6Z6I 069Z 'QA'I0: Wd NIVW 301103 L6SI Z89Z LI# S'I ZZ91 099Z L# SI 'S311I711fl 3115 NO £S£I 6t9Z '4A19 IVd NIVW 301103 It, 6C9Z 'QA IO: Iva NIVW 3OuOd 6L9I SD9Z 8# SI - Z -u 'L OOM 8SZ £09Z S713A178 NIVW 1131VM IlLS OC9Z S311I71Jn 3115 NO 966 Z65Z 53111'II1fl 31IS NO 666 Z9DZ I O3Wd 'E x la L6£Z Of6Z 'ZS XOOO5IV0; NIVW 1131VM 56EZ OEPZ 'ZS X003ava NIVW 1131VA1 WZ OEOZ 'SS XOOOilVII NIVIV 1131VA1 £I £L£Z 'ZS 31000M NIVW 1131VM OI £LEZ 1S X003aVR NIVIV 1131VM L £L£Z '1S XOOOIIVfI NIIVIV u31VA1 f, £LEZ '1S X0O0IIVG NIVI+I U31VM I EL£Z '1S NOOJIIVII NIVIV 1131VAt 6662 ZL£Z .LS XOOOIIVO: NIVW HUM 966Z ZL£Z '1S XOOOfIVR NIVIV 1131VA1 fZ£Z 89£Z US XO003Va NIVIV 1131VA1 OZ£Z 89£Z IS XOOOIIVfi NIVIV 1131VA1 91fZ 89£Z 'ZS XOOOIIVII NIVIV 1131VM £I£Z 89£Z 'SS XO6OUVa NIVIV 1131VM LZS CZ£Z S IVd NIVIV 113A13S t6Z IZZZ d1IVd Is X'IO: 001 6tOZ 113M3S XUVd AVdI'IOII OI6 ££OZ I dIIVdNIVIV 1131VA1 £09 LSLI I Mi 1.00.'8 MUM S1OV111 6L9 Z06 I OOIVd '.Q. J.OVUL zz 0yL tr8 I Oowd'S3NI'I u3M3S 9ZL v Wd'.O. J.0V111 ZSS SLt Z IVd lz# SI SLt £ 1Vd'f# mISS 08S SLt Z m I# n .1. Uojl u TO AWOaOJd AINAUD a11V A• x11 S3I1u31ONd 1N31%3SV3 a3Q1100311 ,ONI 's311CIIJn ,Lk3iG1O13A3Q'1Vu3N3O .0., 110IHX3 • e EXHIBIT "B" 1 a : • • 1►�11 7 Ft=l WELLS 1125 & 26 2923 594 WELL 152, 53 & 54 2923 603 L FLOW METER 2966 2855 WELL #Z3 2976 2133 WELL 124 2976 2135 WELL 149 2976 2137 WELL 128 2976 2139 RAW MATER MAIN 2976 3196 WELLS 152,53&54 2977 4130 FORCE MAIN BABCOCK ST. 2981 I815 WELL 127 3008 1187 IS 940 3019 2012 IS 141 3019 2016 ON SITE UTILITTFS 3022 2708 ON SITE UTILITIES. 3035 227 IS A38 3035 230 IS 134 3040 4701 LS #35 3040 4703 WATER & SEWER MAIN PM 55 3042 1965 LS 124 3071 2588 LS 121 3071 2592 IS A30 3071 2594 IS 125 3073 990 LS 910 3073 993 WELL SITE "D" 3093 3368 IS p27 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS A6 & 7 2478 2798 WELLS 16 & 7 2266 2719 WELLS 111, 12 & 13 1676 696 LS #8 (PART B) 3114 1707 LS 18 (PART A) 3114 1709 FORCE MAIN IIOSP. MALABAR RD. 3119 2153 FORCE MAIN IIOSP. MALABAR RD. 3119 2156 FORCE MAIN HOSP. MALABAR RD. 3119 2159 FORCE MAIN HOSP. MALABAR RD. 3119 2161 FORCE MAIN IIOSP. MALABAR RD. 3119 2163 FORCE MAIN HOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASE11ENT 3189 4064 IYDTAN RIVER COUNTY O.R.Rn —P= VERO SIIORFS, LS Al 143 VERO IIIGIILANDS, LS NI 143 VERO IIIGIILANDS, WATER LINES 0658 VERO I11GHLANDS, FORCE MALN 0919 CIIESSER'S CAP SUB 0933 PELICAN ISL SCII. WATER LINE 0727 CDU RECORDFD F.ASQvTF7V75 691 692 0539 2112 2263 0173 0 O m N w N CD 40 Thls Mortgage — P -Pared br .� aa6a0w.0wWaaw�: F' RIFIED RECORDBAR Paula McDonald RSodea. &Wirt JEFpp,EY K..BARTON Carlton, Fields, ward. Emmanuel. CLERK CIRCUIT COURT FlA J Smith & Cutler, P.A. INDIAN RIVER CO.. Ln Coe Harbour Place Tampa, Florida 33602 .G' THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION ul CON-FIRNIED PURSUAN-r TO THE ORDER ISSUED BY THE UNITED STATES BAN-KRUFTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA LY CASE NOS. 90-12231-BKC-AJC. 90.12232-BKC-AJC, 90.12233-BKC-AJC, 90.12234-BKC-AJC, 90-12235-BKC-AJC, 90.l2336-BKC-AJC, 90.12237-BKC-AJC and 90-12238-BKC-AJC, AND IS THEREFORE EXENIPT F RONI DOCUMI-y-TARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE. ro . M M v MORTGAGE AN -D SECURITY AGREEMENT NQ,2 z THIS MORTGAGE AND SECURITY AGREEMENT NO.2 (*MorteagC'). dated as of August 31, 1992, from GENERAL DEVELOPMENT UTU T[ES, INC., a Florida ('Morteaeor') having an office at 2601 South Bayshore Drive, Miami, Florida N corporation 33133, to CHF-*vHCAL BA -N -K, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY (-MHT'), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) ('Morteaaee-)• WITNESSETH: WHEREAS, Mortgagor is the owner in fee simple of the parcels of rel property particularly described in Exhibit A attached hereto and made a part hereof (the 'Laud') and all buildings and improvements presently located thereon; t4TIEREAS, pursuant to that certain Working Capital and Term Lean Agreement dated as of March 31, 1992, executed by and among General Development Corporation, a Delaware '), corporation, now ]mown as Atlantic Gulf Communities Corporation (the 'S.ompan certain Banks, as defined therein ( such Banks and their permitted successors and assigns being called the *Bgnkf'), and MHT, as Agent for the Banta, as modified hereinafter collectively pursuant to that certain First Modification of Working Capital and Term Loan Agreement dated o of even date herewith executed by and between the Company and Mortgagee ('Ag=tIlCI1I') , a the Banta made certain term loans to the Company in the aggregate principal amount of o $50,000.000 ('Term Loans') and made and agreed to make certain working capital loans to the o Company in an aggregate principal amount not to exceed 520,000,000 outstanding at any one GIN time, on a revolving basis ('Work rte Capital Loans') (collectively, 'j&aM') evidenced by a IV Term x cz W RETURN TO: M. MORGAN o 11 t RiCL F'T7R�C0'dPANY -,•;H i-4 FS BLVD., #125 do 2/4 EXHIBIT 'A' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the follwingi A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat th-reof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) ' Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands Neu Nater Treatment Plant) All of Tract "D", ae shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (All acreage referred to herein is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A", SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (PTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof an recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. dP 0 � . 2/4 EXHIBIT 'A" Indian Riwr County PARCEL 19 (T.0 PARCEL 5B) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as followr, Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 Ease; thence South 89' 22' 36' West, along the North line of the said Northeast 1/4 of Section 28, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/41 thence South 00. 01' 24' Went, &long the West line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/41 said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances, Thence continue South 00. 01' 24' West, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85' 20' 21" West; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09' 14' 48"1 departing said platted boundary thence North 00. 01' 24' East, a distance of 54.11 feet; then" South 89. 19' 02' West, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lake; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00. 01' 25' West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/41 thence North 89. 22' 36' East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, more or lees. (All acreage referred to herein in for informational purposes only) PARCEL 20 (TC PARCEL 4) Easement rights an to the followings A portion of that area designated as 'PARE", in Block 30 of VERO 9EACR1 Two, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described as follows; Begin at the most Northerly corner of said 'PARE'; thence run South 29' 42' 00' East, along the Northeasterly boundary of said 'PARE', a distance of 82.5 feet to a point; thence run South 60' 18' 00' West, 133 feet to a point; thence run North 29' 42' 00' West, 82.5 feet to a point on the Northwesterly boundary of said "PARE'; thence run North 60' 18. 00" East, along the Northwesterly boundary of laid 'PARE", a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or lees. (All acreage referred to herein is for informational purposes only.) 0 a C7 N W 40 2/4 EMIBIT 'A' Indian River County i PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more Particularly described as follows' COY-`[ENCING at a 3' x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17. 47' East for 1,5.36 feet along the West line of said Section 31, being also the centerline of 6th Avenue S.W., as shown on the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41. 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING? thence continue South 89. 41' 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Farms Water Management District Lateral Canal J-5; thence North 14. 00' 00' West, along said right-of-way line for 961 51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89. 42' 34' Went for 1696.35 .feet to the intersection with the Easterly right- of-way line of ea id 6th Avenue S.W.; thence South 00. 17' 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or lees. (All acreage referred to herein to for informational purposes only) • • EXHIBIT "B" BREVARP MUSTY (U121') Pio>x11X O.R. Book Part WELLS 125 & 26 2923 594 WELL 152, 53 & 54 2923 603 LS FLOW METER 2966 2855 WELL 123 2976 2133 WELL 124 2976 2135 WELL 149 2976 2137 WELL 128 2976 2139 RAW MATER MAIN 2976 3196 WELLS 152, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL 127 3008 1187 IS 140 3019 2012 IS 141 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 IS A38 3035 230 IS #34 3040 4701 IS 135 3040 4703 WATER & SE11'ER MAIN PM 55 3042 1965 IS 124 3071 2588 IS 121 3071 2592 IS 130 3071 2594 IS 125 3073 990 LS 110 3073 993 WELL SITE "D" 3093 3368 LS 127 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCII. SQ. 3103 363 WELLS 16 & 7 2478 2798 WELLS 16 & 7 2266 2719 WELLS 111, 12 & 13 1676 696 LS 18 (PART B) 3114 1707 LS 18 (PART A) 3114 1709 FORCE MAIN 1IOSP. MALABAR RD. 3119 2153 FORCE MAIN IIOSP. MALABAR RD. 3119 2156 FORCE MAIN HOSP. MALABAR RD. 3119 2159 FORCE MAIN IJOSP. MALABAR RD. 3119 2161 FORCE MAIN HOSP. MALABAR RD. 3119 2163 FORCE MAIN IIOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 INDIAN RIVER COUNTY Property O.R. BQQ PACS' 0 C V' VERO SIIORES, IS 11 143 691 r VERO HIGHLANDS, LS 11 143 692 VERO 111GIILANDS, WATER LINES 0658 0539 N VERO HIGHLANDS, FORCE MAIN 0919 2112 w CHESSER'S GAP SUB 0933 co PELICAN ISL. SCII. WATER LINE 0727 0173 Ci GDU RECORDED FASEMEN'I'S `J) Thi, Subordinate Mortgage ens Prel'ared by ..NdimF.smu RECORD VERIFIED Paula McDonald Rhodes. Esquire JEFFREY K. BARTON Carhoo, Fields. ward. Emmanuel, CLERK CIRCUIT COURT C- Smith R Cutler, P.A. INDIAN RIVER CO.. FLA One Harbour Place j Tamp+. Florida 33602 J UANT TO A PLAN OF RGANIZATION CONFIRMED, PURSUANT TO TMORTGAGE IS GIVEN HE EU HEB ORDER IS THE UNITED STATES r BANKRUPTCY COURT FOR TITE SOUTHERN DISTRICT OF FLORIDA IN CASE J " NOS. 90.12231-BKC-AJC, 90-12232-BKC-AJC, 90.12233-BKC-AJC, 90.12234-BKC-AJC, rn 90.12235 -127.35 -AJC, 90.12336-BKC-AJC, 90-12237-BKC-AJC and 90.12238-BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE. SUBORDINATE MORTGAGE AND SECURITY AGREEMENT NO. 1 ao, N THIS SUBORDINATE MORTGAGE AND SECURITY AGREENU24T NO.1 N ' 0 (-Subordinate Mortgage"), dated as of August 31, 1992, from GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation (the "Mortgagor"), having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking MANUFACTURERS HANOVER TRUST corporation, as successor by merger with COMPANY ("MHT"), having an office at 270 Park Avenue, New York, New York 10017, as c cn for the Banks (as hereinafter defined) ("MQrtraSss )• agent THE LIEN ON THE MORTGAGED PROPERTY GRANTED PURSUANT TO TIIIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT IS SUBORDINATE AND INFERIOR TO THE LIENS ON THE MORTGAGED PROPERTY SECURING GUARANTEES OF THE WORKING CAPITAL AND TERM LOAN MORTGAGOR'S AND ANY REPLACEMENT OF THE WORKING CAPITAL LOANS LNDEBTEDNESS $20,000,000 OUTSTANDING AT ANY TIME AND TO THE LIEN NOT TO EXCEED DEFERRED ADMINISTRATIVE CLAIMS, IF ANY, AS DESCRIBED SECURING THE IN THE AGREEMENT, AS DEFINED HEREIN. C WITNESSETH: tT WHEREAS, Mortgagor is the owner in fee simple of the parcels of real property ci N described in Exhibit A attached hereto and made a part hereof (the "Ian ") and all particularly buildings and improvements presently located thereon; Co Co TrrRTn.T FO: M. MORGAN pi, _T(M.N t i,_.g:-'Tlr,, G✓.PAW IVD..S1=+ .•_:T F ;." f LEACH, FL 3 9 113 EXHIBIT 'A' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the followings A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Pegs 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F'. VERO BEACH HIGHLANDS, Unit No. One, an recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book B, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein is for informational purposes only) PARC --L 16 (FSC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, an recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) there RiverCountyyo,,frecorded in Lot g to Florida. platlBook 5k Page 52,Sof8the Public RecordsrofnIndianht PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Record, of Indian River County, CD 9 Florida. c-, N_ N CJI 1/3 EXHIBIT 'A' Indian River County PARCEL 19 (FTC PARCEL 5B) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 the Southeast 1/4 of the Northeast 1/4 of Section 18, scree thereof and a portion of Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows; Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 Eastt thence South 89. 22' 36' West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4' thence South 00. 01' 24' West, along the Weet line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the held Northeast 1/4 of the Northeast 1/4, said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in plat Book 6, page 36A, Public Record, of Indian River County, Florida, thence continue along the boundary of f Sebastian Highlands Unit 9 the following courses and distances' Thence said Plat o ' West, a distance of 130.66 feet to • point in a curve continue South 00. 01' 24 concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21' West; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14' 48'; departing said platted boundary thence North 00• of 24' East, a distance of 54.11 feet; thence South 89. 19' 02' West, a distance of 71.5 feet, more or leas, to the Easterly waters edge of Schumann La`.e; thence Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' West, along the South line othe said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the f said Southeast 1/4 0`_ the Northeast 1/4; thence North 00. 01' 25' West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89' 22' 36' East along the t to the nt of �91dONorth ecresline, inroze orilesece oAl l73-15 acreagereferred!oihereinBiei forninformational9 purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following: A portion of 30 of BEACH SP Two, a, recorded tin plat eBook a5, Pages ted as P77Nand i78H, lOfkthe PublicORero ds of Indian T area ian River County, Florida, being more particularly described as follows' Begin at the moat Northerly corner of said 'PARR'; thence run South 29. 42' 00' East, along the Northeasterly boundary of said 'YARN', a distance of 82.5 feet to a point; thence run South 60' 18' 00' West, 133 feet to a point; thence run North 29. 42' 00' West, 82.5 feet to a point on the Northwesterly boundary of said 'PARR -1 thence run North 133 feet toetheOPointtof Beginningthe t,ocontainingy0.25na�e fmoresaid orP�s, a distance of (All acreage referred to herein is for informational Purposes only.) 1/3 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A Parcel of land lying and being in section31, Township oshSouth, follows East, Indian River County, Florida, being more particularly deecribed as COMMENCING at a 3' x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17. 47' East for 175.33 feet along the Hest line of said Section 31, being also the centerline of 6th Avenue S.M.. as shown on the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41. 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89. 41. 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Farms water Management District Lateral Canal J-5; thence North 14. 00. 00' West, along said right-of-way line for 961.51 fest to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.M., an shown on said plat) thence North 89. 42. 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17. 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or lees. (All acreage referred to herein is for informational purposes only) EXHIBIT "B" BRF,VARD COUNTY (cont') WELLS 125 & 26 2923 594 WELL 152, 53 & 54 2923 603 LS FLOW METER 2966 2855 WELL 123 2976 2133 WELL 024 2976 2135 WELL 149 2976 2137 WELL #28 2976 2139 RAW MATER MAIN 2976 3196 WELLS 152, 53 & 54 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL 127 3008 1187 IS 140 3019 2012 LS 141 3019 2016 ON SITE UTILITIES 3022 2708 ON SITE UTILITIES. 3035 227 LS N38 3035 230 IS 134 3040 4701 LS 135 3040 4703 WATER & SEWER MAIN PM 55 3042 1965 IS 124 3071 2588 IS p21 3071 2592 LS 130 3071 2594 IS 125 3073 990 LS 110 3073 993 WELL SITE "D" 3093 3368 LS 127 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCIL SQ. 3103 363 WELLS 16 & 7 2478 2798 WELLS 16 & 7 2266 2719 WELLS 111, 12 & 13 1676 696 LS 18 (PART B) 3114 1707 LS 18 (PART A) 3114 1709 FORCE MAIN ITOSP. MALABAR RD. 3119 2153 FORCE MAIN IIOSP. MALABAR RD. 3119 2156 FORCE MAIN IIOSP. MALABAR RD.3119 2159 FORCE MAIN HOSP. MALABAR RD.3119 2161 FORCE MAIN HOSP. MALABAR RD.3119 2163 FORCE MAIN HOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESSIEGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 TNDTAN RTVFR COUNTY O.R.Ruh EOi t VERO SHORES, LS 11 143 691 VERO HIGIILANDS, LS 11 143 692 VERO HIGIILANDS, WATER LINFS 0658 0539 VERO HIGHLANDS, FORCE MAIN 0919 2112 CHESSER'S GAP SUB 0933 2263 PELICAN ISL. SCII. WATER LINE 0727 0173 GDU RECORDED FASFMENT'S 0 a O n N CJ a CP Tbie Subordinate Mortgage vv prepared by ��t+✓o. RECORD VERIFIED �. Pada McDonald Rhodes, Esquire JEFFREY K SARTON Carlma. Felda, Ward. Emmanuel, CLERK CIRCUIT COURT Smith d Cutler, P.A. INDIAN RIVER Co.. FLA Oce Harbour Place Tempe, Florida 33602 THIS MORTGAGE IS GIVEN PURSUANT TO A PLAN OF REORGANIZATION CONFIRMFD PURSUANT TO THE ORDER ISSUED BY THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN CASE NOS. 90-12231-BKC-AJC, 90.12232-BKC-AJC, 90.12233•BKC-AJC, 90-12Z34•BKC-AJC, 90.12235 -BRC -AJC, 90-12336-BKC-AJC, 90.12237-BKC-AJC and 90.12231<BKC-AJC, AND IS THEREFORE EXmyr FROM DOCUMENTARY STAMP AND INTANGIBLE PERSONAL PROPERTY TAX LIABILITY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BANKRUPTCY CODE. RDINATF MORTGAGE AND SECURITY AGREEMINT NO, 2 THIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT NO, 2 (-Subordinate Mort¢a¢e"), dated as of August 31, 1992, from GENERAL DEVELOPMENT UTILITIES, INC., a Florida corporation (the-MQng;aggr'), having an office at 2601 South Bayshore Drive, Miami, Florida 33133, to CHEMICAL BANK, a New York banking corporation, as successor by merger with MANUFACTURERS HANOVER TRUST COMPANY ("MHT"), having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinafter defined) (' iv�rteaeee')• THE LIEN ON, THE MORTGAGED PROPERTY GRANTED PURSUANT TO THIS SUBORDINATE MORTGAGE AND SECURITY AGREEMENT S SUBORDINATE A.ND INFERIOR TO THE LIENS ON THE MORTGAGED PROPERTY SECURLtiG MORTGAGOR'S GUARANTEES OF THE WORKING CAPITAL AND TERM LOAN L\DEBTEDNESS AND ANY REPLACEMENT OF THE WORKING CAPITAL LOANS NOT TO EXCEED $20,000,000 OUTSTANDING AT ANY TIME AND TO THE LIEN SECURING THE DEFERRED ADMINISTRATIVE CLAIMS, IF ANY, AS DESCRIBED IN THE AGREEMENT, AS DEFINED HEREIN. WHEREAS, Mortgagor is the owner in fee simple of the pawls of real property particularly described in Exhibit A attached hereto and made a part hereof (the land") and all buildings and improvements presently located thereon: Timm" RETURN TO: M. MORGAN NGL er TMr COMPANY rC?7 F/d_:.1 -EACH LAKES BLVD, 9125 14,ES, p;.,,l f CEACII, FL 3349 Cn r r dip � 2/4 EXHIBIT 'A' Indian River County PARCEL 13 (FTC PARCEL, 2) Easement rights as to the following! A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (n'C PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New Water Treatment Plant) All of Tract 'D', as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (All acreage referred to herein in for informational purposes only) PARCEL 16 (PTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 16 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, o 9 Florida. O l7 C� c7 N F O N r: 2/4 0 EXHIBIT 'A' Indian River County PARCEL 19 (FTC PARCEL SB) SEBASTIAN NICHIANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Twnshlp 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows' f said tion hip 31 South, thenceaSouth 89- 22' 36'ro ent,oalong thecNorthl line ofethe said Northeast eZesty l/4 of Section 18, s distance of 657.45 feat to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00. 01. 24' West, along the West line of the maid East 20 acres, a distance of 1325.55 feet to a Point in the South line of the said Northeast 1/4 of the Northeast 1/41 said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County. Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances, Thence cor.ticas Sr,:h r.0' 01' 24' West, a distance of 130.66 feet to a point in n curve concave to the Southwest having a radius of 435.64 feet, the chord of which bears North 85. 20' 21' west; thence westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14. 48'; departing said platted boundary thence North 00. 01' 24' East, a distance of 54.11 feet; thence South 89' 19. 02' west, a distance of 71.5 feet, more or less, to the Easterly waters edge of Schumann Lake: thence Northwesterly, westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15. 27' west, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or less, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00. 01. 25' west, along the west line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89' 22. 36' East along the maid North line, a distance of 673.15 .feet to the Point of Beginning. Containing 29.10 acres, more or leas. (All acreage referred to herein Is for Informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following; o 9 A portion of that area designated as 'PARK', in Block 30 of VERO BEACH HIGHLANDS, UNIT O TWO, as recorded in Plat Book 5, Page, 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described as follwe; Begin at the most Northerly corner of said 'PARA': thence run South 29. 62. 00' East, along the Northeasterly boundary of said 'PARK', a distance of 82.5 feet to a point: U thence run South 60. 18. 00' West, 133 feet to a point; thence run North 29. 42' 00' .- west, 82.5 feet to a point on the Northwesterly boundary of said 'PARE'; thence run 0'.J North 60. 18. 00' East, along the Northwesterly boundary of said 'PARS', a distance of 0..7 133 feet to the Point of Beginning, containing 0.25 acres, more or lees. (All acreage referred to herein Is for informational purposes only.) 40 1/4 EXHIBIT 'A' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more Particularly described as follows, COLMENCING at a 3- x 3' concrete monument marking the Southwest tomer of said Section 31, run North est line of being also the00centerlins Of 6thor 17S.36 feet along Avenue S.W., as shownhonNthe Plat of said ROSBEACCH 31, HIGHLANDS OMIT FIVE', as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41' 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING? thence continue South 89' 41' 37' East, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Farms Water xanagement District Lateral Canal J-5; thence North 14. 00' 00' West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as sham on said plat) thence North 89. 42' 34' West for 1696.35 feet to the intersection with the Easterly right- ent the POINT2 feet to nOF BEGINNING- Avenue containing' 38.82thence acresSouth moOre•or7less. W(All facreage or 2referred to herein is for informational purposes only) EXHIBIT "B" j iII0p1�Z•til�l►�i 11'LtZ.7' f Yl WELLS d2S & 26 2923 594 WELL 1152, 53 & 54 2923 603 IS FLAW METER 2966 2855 WELL A23 2976 2133 WELL #21 2976 2135 WELL /49 2976 2137 WELL #29 2976 2139 RAW MATER MAIN 2976 3196 WELLS AS2, 53 & S4 2977 4130 FORCE MAIN BABCOCK ST. 2981 1815 WELL #27 3008 I197 IS A40 3019 2012 IS A41 3019 2016 ON SITE UTILITIFS 3022 2708 ON SITE UTILITIES. 3035 227 IS A38 3035 230 IS ;134 3040 4701 IS ;135 3040 4703 WATER & SEWER MAIN PM 'S 3042 1965 LS 924 3071 2588 LS #21 3071 2592 LS #30 3071 2594 LS 1125 3073 990 LS #10 3073 993 WELL SITE "D" 3093 3368 IS k27 3098 2895 WATER MAIN MINTON RD. 3098 2897 SEWER LINE, INTERCH. SQ. 3103 363 WELLS A6 & 7 2478 2798 WELLS #6 & 7 2266 2719 WELLS 11, 12 & 13 1676 696 IS #8 (PART B) 3114 1707 IS A8 (PART A) 3114 1709 FORCE MAIN HOSP. MALABAR RD. 3119 2153 FORCE MAIN HOSP. MALABAR RD. 3119 2156 FORCE MAIN HOSP. MALABAR RD. 3119 2159 FORCE MAIN HOSP. MALABAR RD. 3119 2161 FORCE MAIN HOSP. MALABAR RD. 3119 2163 FORCE MAIN HOSP. MALABAR RD. 3119 2165 SABAL PALMS SQ. 3133 544 ON SITE WATER MAINS 3174 1630 GAS INGRESS/EGRESS 3189 4019 GAS LINE EASEMENT 3189 4064 O.R.BookPasC VERO SHORES, IS #1 143 VERO HIGHLANDS, LS #1 143 VERO HIGHLANDS, WATER LINES 0658 VERO HIGHLANDS, FORCE MAIN 0919 CHESSER'S GAP SUB 0933 PELICAN ISL. SCI. WATER LINE 0727 CDU RECORDED EASEMEN'T'S 691 692 0539 2112 2263 0173 0 a O rn IV Ln I npfN A4rz1 O JJ \. IIwE rl1( ILL MEOnN1nLM. NV .P wl. W OTI nw AO".\�..N10• NN•N T Irli• Or11\! CION. 2 (a.Ya Aiwe Orr ✓ b M rVAM a.nurw nbna.T ..... rA•.• . Air"�� STATE OF FLORIDA — FINANCING STATEMENT — FORM UCC -1 REV. 1981 \VOro•nlwq orna'✓bnllnO anu.M bn\e UNEarM C..rlw •r CO - I` iw0 YALE ION raE Or MM 0•MA �U WAVE GENERAL DL%MAP.%= UTILITIES, INC-, O 1A a Florida COrPOrat'm NANn.O •OONE11 2601 Ba db=e Drive VAW F1 33133-5461 $ Nu,nKE ns*oN ns•Nn nAN wV+.Inin. Kno.l `s w.NE 19 i YAR. AOONtn O Or'I EEAi VOEnKE DEBTOR NAYS 1C .AMMO A� • M, TArz RETURN TO: M. MORGAN FLAGLERTTTLECOMPANY 1897 PALM BEACH LAKES BLVD. #125 WEST PALM BEACK FL 33409 ybA%F*O>�e part �f-hereto and made a 200 Jericho Quadrangle =M Jericho VAn N.Y. 11753 NN.nKE SECVNm PAM OFANn ryI.\N.MI•.1a.Iaan MAYS ZB VAkM AOONEii AO WAW r QgtE Or RE EO IAM ✓Awn M\NOw I.O.r•r..dy •AIOAnO. NAME .AMMO AOONEeE C" WAV 1. EN.IINAMC1MO er•rz.\ENEEw.M•.✓••NE N•M ✓M.Naawarr aeww MMOrv.✓• ' aV.w✓iMw•.M.we•.•N.N•w wNNNwanr.cw ✓M\swO aNN. eM-. n• SEE EXHIBIT A-1 THROUGH A- 3 ATS REM0 AND HUM MULE A PART HMIECF. SEE ALSO EXHIBIT B ATTACHED HERETO AND HEREBY MADE A PART HEREOF. RECORO VERIFIED JEFFREY K. BARTON CLERK CIRCUIT COURT INDIAN RIVER CO.. FLA N n 3- en>aa rS Yes 17. ra.a.SSnwISMa.v...n.s 8 rlurir of ri if rZM-t Txlian Rive' 03mty=m lIe 8. ie.N. 010 A.Maw+.dr..wrNM.a✓.a ewsNar}r.eFeon�NrEiv=a++yl7llo\a ra. ww e..�we X10 rN.a OOe.vrrfslNTn N.aNWMO -the-real- ester 9.rN..NNrw.NN.e.ww\a.a.a✓.Vp.r+.an.Nc...cn\r�N+NN�•+V \o.V•OA.w 10. E ON.N Oa+.EE•Wa\ro...n.Nr NiVwrNaeww MN.NNa^.w..N... VaRM n\s MN mNVa.eN.•e ❑D.a�a•w NNV�NVNM M.N saN• arrq.n b \Ar..\a. di•NANN a cO.aM w taw.e O ✓Mn N a.A•.e. a N. aq.r....N.a Ma.aO.e.+•� wcA. MA.a•.nn..r.M.O\.IN• O MNaN:N M. MVy IV. Ns..a 11. egwana[pi Or xsroNv O.w..na\w.a�.�v.aw.Na�Mr.aeon>a•.meN.a a. GENERAL /� D�EVELOOPIP/7'� I: Ry ObUkIaD MM.0 Mwr e E_/V `-_• - J Ln r r co Q+TLTFS r +�•"J n ., (. STANDARD FORM — FORM UCC -1 +'abbe'.L6.�sdE"A s\d•,SP.7et IV,N. 10 DCC EXHIBIT -B' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the followin93 A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded In Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New hater Treatment Plant) All of Tract 'D-, as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or less. (All acreage referred to herein Is for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A-, SEBASTIAN HIGHLANDS UNIT 9, as recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. PARCEL 17 (FTC PARCEL 1) Lot 1, Black 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FSC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. a O ci U C.'1 CT: UCC EXHIBIT 'B' Indian River County PARCEL 19 (FTC PARCEL SB) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of lend located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 Eaet, Indian River County, Florida, and being more particularly described as follows: Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89. 22' 36' Neat, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 of the Northeast 1/4; thence South 00. 01' 24' West, along the West line of thesaid East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of ses and distances: Thence said Plat of Sebastian Highlands Unit 9 the following cour continue South 00° 01' 24' West, a distance of 130.66 feet to a point in a curve ius of 435.64 feet, the chord of which bears concave to the Southwest having a rad North 85. 20' 21' West; thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09. 14' 48'; departing said platted boundary thence North 00. 01' 24' East, a distance of 5 o 11 feet, thence South edge•of9- 02.hum.nn West, a distance of 71.5 feet, more or less, Y Lake; thcnce Northwesterly, Westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89' 15' 27' West, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 fest, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00. 01' 25' West, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89. 22' 36' East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 acres, core or less. (All acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following; A portion of that area designated as 'PARE', in Block 30 of VERO BEACH HIGHLANDS , UNIT TWO, as recorded in Plat Book Sr Page, 77 and 78, of the Public Records of Indian River County, Florida, being more particularly described as follows; Begin at the most Northerly corner of said 'PARK'; thence run South 29. 42. 00' East, along the Northeasterly boundary of said 'PARK', a distance of 82.5 feet to it point; thence run South 60. 18' 00' West, 133 feet to a point; thence run North 29. 42' 00' West, 82.5 feet to a point on the Northwesterly boundary of said 'PARK'; thence run North 60. 18' 00' East, along the Northwesterly boundary of said 'PARR', a distance of 133 feet to the Point of Beginning, containing 0.25 acres, more or less. (All acreage referred to herein is for informational purposes only.) M DCC EXHIBIT 'B' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follower COMMENCING at a 3' x 3' concrete monument marking the Southwest corner of said Section 31, run North 00. 17. 47' East for 175.36 fxt along the West line of said Section 31, being also the centerline of 6th Avenue S.W., an shown on the Plat of 'VERO BEACH HIGHLANDS UNIT FIVE', as recorded in plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89. 41' 37• East, along a lire parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89' 41' 37' East, for 1933.79 feet to the intersection with the westerly right-cf-way line of Indian River Farce Water Management District Lateral Canal J-5; thence North 14. 00' 00' West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way line of 23rd Place S.W., as shown on said plat; thence North 89' 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 00. 17' 47' West for 931.22 feet to the POINT OF BEGINNING. 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WYU. x3n w'YOLL.wWaw Tr 3u13cYfL'4 I S.OYQIY{Lfw . DCC EXHIBIT 'B' Indian River County PARCEL 13 (FTC PARCEL 2) Easement rights as to the follwingi A 35 foot by 35 foot parcel in the Northeast corner of Lot 1, Block 6, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book S, Page 52, of the Public Records of Indian River CounLy, Florida. PARCEL 14 (FTC PARCEL 22) Tract 'F', VERO BEACH HIGHLANDS, Unit No. One, as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. PARCEL 15 (FTC PARCEL 24) (Sebastian Highlands New water Treatment Plant) All of Tract 'D', an shorn on the Plat of SEBASTIAN HIGHLANDS UNIT 17, as recorded in Plat Book 8, Page 46, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida and containing 9.08 acres more or lees. (All acreage referred to herein In for informational purposes only) PARCEL 16 (FTC PARCEL 25) WATER TREATMENT PLANT (OLD) All of Tract 'A', SEBASTIAN HIGHLANDS UNIT 9, an recorded in Plat Book 6, Pages 36 and 36A, of the Public Records of Indian River County, Florida. Said lands situate, lying and being in the City of Sebastian, Indian River County, Florida. .. PARCEL 17 (FTC PARCEL 1) Lot 1, Block 1, VERO SHORES, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 52, of the Public Records of Indian River County, Florida. PARCEL 18 (FTC PARCEL 3) Lot 5, Block 6, VERO BEACH HIGHLANDS, UNIT ONE, according to the Plat thereof as recorded in Plat Book 5, Page 29, of the Public Records of Indian River County, Florida. O U� c� v C.n (. 40 40 UCC EXHIBIT 'B' Indian River County PARCEL 19 (FTC PARCEL SB) SEBASTIAN HIGHLANDS WASTE WATER TREATMENT PLANT A parcel of land located in the Northeast 1/4 of the Northeast 1/4, LESS the East 20 acres thereof and a portion of the Southeast 1/4 of the Northeast 1/4 of Section 18, Township 31 South, Range 39 East, Indian River County, Florida, and being more particularly described as follows. Begin at the Northeast corner of said Section 18, Township 31 South, Range 39 East; thence South 89. 22' 36' West, along the North line of the said Northeast 1/4 of Section 18, a distance of 657.45 feet to the Northwest corner of the said East 20 acres of the Northeast 1/4 0`. the Northeast 1/4; thence South 00. 01' 24' west, along the West line of the said East 20 acres, a distance of 1325.55 feet to a point in the South line of the said Northeast 1/4 of the Northeast 1/4; said point also being the Northwest corner of Sebastian Highlands Unit 9, as recorded in Plat Book 6, Page 36A, Public Records of Indian River County, Florida; thence continue along the boundary of said Plat of Sebastian Highlands Unit 9 the following courses and distances: Thence continue South 00. 01' 24' west, a distance of 130.66 feet to a point in a curve concave to the Southwest having a radius of 435.64 feet, the chard of which beare North 85. 20' 21' west, thence Westerly along the arc of said curve, a distance of 70.30 feet, through a central angle of 09' 14' 48'; departing maid platted boundary thence North 00' 01' 24' East, a distance of 54.11 feet; thence South 89. 19' 02' Went, a distance of 71.5 feet, more or lees, to the Easterly waters edge of Schumann Lake; thence Northwesterly, westerly, Southerly, Southeasterly, Southwesterly, Westerly and Southerly meander the waters edge of Schumann Lake, a distance of 1847 feet, more or lees, to the South line of the said Southeast 1/4 of the Northeast 1/4; thence South 89. 15' 27' west, along the South line of the said Southeast 1/4 of the Northeast 1/4, a distance of 97.9 feet, more or lees, to the Southwest corner of the said Southeast 1/4 of the Northeast 1/4; thence North 00. O1' 25' Went, along the West line of the said East 1/2 of the Northeast 1/4, a distance of 2652.47 feet to the aforesaid North line of the Northeast 1/4; thence North 89. 22' 36' East along the said North line, a distance of 673.15 feet to the Point of Beginning. Containing 29.10 ares, more or lees. (All acreage referred to herein is for informational purposes only) PARCEL 20 (FTC PARCEL 4) Easement rights as to the following: A portion of that area designated as 'PARE', in Block 30 of VERO BEACH HIGHLANDS, UNIT TWO, as recorded in Plat Book 5, Pages 77 and 78, of the Public Records of Indian O River County, Florida, being more particularly described as follows: Begin at the most Northerly corner of said 'PARE'; thence run South 29. 42' 00' East, a along the Northeasterly boundary of said 'PARE', a distance of 82.5 feet to a point; thence run South 60" 18. 00' West, 133 feet to a point; thence run North 29° 42' 00' ,Q West, 82.5 feet to a point on the Northwesterly boundary of said "PARR'; thence run �111 North 60. 18' 00' East, along the Northwesterly boundary of said 'PARA', a distance of cn 133 feet to the Point of Beginning, containing 0.25 acme, more or lose. ti (All acreage referred to herein in for informational purposes only.) 40 tL EXHIBIT 'B' Indian River County PARCEL 21 (FTC PARCEL 23) A parcel of land lying and being in Section 31, Township 33 South, Range 40 East, Indian River County, Florida, being more particularly described as follows, COMMENCING at a 3- x 3' Concrete monument marking the Southwest corner of said Section 31, run North 00. 17. 47' East for 175.36 feet along the West line of said Section 31, being also tie centerline of 6th Avenue S.W., as shown on the Plat of -VERO BEACH HIGHLANDS UNIT FIVE', as recorded in Plat Book 8, Page 56, of the Public Records of Indian River County, Florida; thence leaving said centerline, run South 89° 41' 37' East, along a line parallel with the South line of said Section 31, for 40.00 feet to the POINT OF BEGINNING; thence continue South 89° 41. 37' Eaat, for 1933.79 feet to the intersection with the Westerly right-of-way line of Indian River Fame Water Management District Lateral Canal J-5; thence North 14. 00' 00' West, along said right-of-way line for 961.51 feet to the intersection with the Easterly prolongation of the Northerly right-of-way lire of 23rd Place S.W., an shown on said plat; thence North 89. 42' 34' West for 1696.35 feet to the intersection with the Easterly right- of-way line of said 6th Avenue S.W.; thence South 000 17' 47' West for 931.22 feet to the POINT OF BEGINNING. Containing 38.82 acres more or leas. (All acreage referred to herein is for informational purposes only) i . t _ F F- F— — Om7:L RECORD 9 F. GENERAL DEvm,omm# co"ORAT504 • DECLAM770N or A OsY... Cwpw.em RErmcnQ6 TO RPI014 rr N— Y COWEILM .... . v16JtEAT, (L�ML DEVELONE T COR2 M710N, . Ifb.ne cvpwetleq wrt.whvd ro dv bvE.. b V. Sten d FTodda Y me o.nr d m. fo0o.b3 de.amed pvPdy. Ime., tylq .d Debt b Wien Rl.a Ce ty. F7 & to.Ir SELASIIAN MGN ANM DMT SEV ENfEEv a =mt Im b IvNw Rha C. y. S. emw H to till pLd dm7m! tm it Tw llod a .. tipAlf mn wiPd d. wbee Retwd. d r Rha Comtf, fle.Ne: ..d v REAS.0.,1-11.hvee dexdbedbeo1 nbYvt to letektbrveM 6ndtafe�e learned; M WHEREAS. It Y .e. demN b, GENERAI. DEVELOM(t !. (70"() An7 . b PY �ad cminnon. of rtoaed . ro Ou v. of ed .M way om d me 1a a nd p h bested b old .bd Wm Nov TKEREFORE C ''ERAL DEVELOPMENT CORPORATION dee. bait, ded"t eNt ect .nd e,e., are d dr .robe, bn ert n. " eaebsd . fe0v.1: 1. M ro .6 Inn b Hbd+ 399. 600. 601: lee 7 tf IR. 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All bn wa dezribed b 1L�N 1 .bwe, .e I.de fwify 1aweew b0. nd w pdedpl bu0dbt en.D a aa.eenM a ertaed m to single f.v0y lddeew hit erns mn vee bbdM eSnpr r. fty d UfM me ro newd t.o (2) eptly b Wght Nv Inde fimDy teddeew M dn0 tr w.bdhideA mt. watli,< loe f.•Y{ b mm tee tfav (Ill.000) taum fwL nw dull ny it, 6e ertted m.N bn Mb 9 in . d len W n eipu nvrdrtd f600) qu.e fwt (tiebn w) lw a enaawy bafl t9t; ev b tom a< mw.M (hoot tart ( t i1m, w) !w env.e torn . o m bv6dbs 77 z,:�r.v :�-:^• ori II11 11Ye�.. I �=t With 11, to d of dv foeaeaer " for tM lu• — of the ram.nb t<t ll A M Au De Iioo or Rntkbom the mMYeum tnua fouta[r Moeda naulrtmae the be aYbBahed eM cat is to ben, ¢Curie a mDur4 MRL acltermd poodle, lubot .M oubda aronp . Ptwked. bouts, MM too dA Wt ba eovbud to permit M portlm a flu, b.Uiot to h r..ees, Mc open pttla ed wns,N4 M, to emedl upon emrhm lot or Mro ¢ upon M eaeltutn 3. /ul,flnr SetE Reovhemmt.: Oa A be b A Nodi m pincptl bddMr rola uodord . .mlu[ pod d.0 bt et m my of uo bb mm nim cent " M) het to the front lot lb, . n h Ae lbre .Wtdn[ the that; na mete Aon r ,Y -n,, (23) fen to the tee la li,e or the Wtt .bulo., a ovl; . nMr tlnn ten (10) het to the ode )et Htm. npr �r than t o -C US) fat to the tido .nen line m ume Ion Dnen ,&. .dmmn[ pooh mp be cyecte l rouo" no. (Id) I ut a Ae w lot one ¢ the W. aburct, . ¢vL In aMitim to At forcronr mtektlms with man to numbere IoM GENERAL DEVELOPMENT, CORPORATION don bbeby lobo Ad b aM mm ate of IM lot' ttcn a lunch of Md tyMa .iAn vE vbdkidm ue mtrkbd a knee: e. No but bmr or oat Wi16nr than bt canned on or M) kl tory a tht lute M SEBASTIAN HIGHLANDS UNIT SEVEN=V but a dost ¢ern Aer[ ouch a dbnue hum tl !m a Ae hi h u,tbr Iv rk of At urrhont loth to may bt .".. by poenmmW .[mein ha.inr IveWletl.n .M GENERAL DEVELOPMENT CORPORATION, ivy be p Md: aM ro bat bMM[. doer a pia dol be _.bueted un b3 the Nae and opal tiara the of null ban b¢n"ora M u,rltMp W CENTRAL DEVELOMIENT CORPORATION r wnaturtlun permit lard by at9eop M aR , No boar, uvl a ahe uu , than be dor or ¢canted Into aey a the tetfrant Ion No moorw pot t bt placed rrvte than uary (20) far bead the hih .am maA a M rekrhent Wt. " nu moodnr PBe dA bt pbed Ilam dun tight (s) far to a Wee fo� by the pr.yettiat of tM tide Bin of tr, ware feint WL No lot or P.mJ thA be boclo.d in da by MUM In ds caner m NlkJt It dun No t¢ u,ui; dA be eoaead or embacnd MAY sIDdkma .oleo aM .nen In b dm dtda. Ivtnisk .buctue, enmrlh ee, .hA b.n *bau .,pad M .titin{ by Rteemoenbl geode b¢ber laYdkdal cod GENERAL DEVELOPMENT CORPORATION .M aauboutku peendt Icad by .ppeophb aitncl. . S. No W00nr or oNty uru,t. NB bt e d on any la until Ae phv aNa aavtr.tk n for Ae du gra .td locatlot d -'W hen ban .,peered. M WtltlnL by . cv-m .,Io(nM by GENERAL DEVELOPMENT CORPORATION or tkeed by th, e.eeee a It. or • maiedty a tM loo, Mt be.dvbeee dernbd:'. M , ... r r xl or db.ppaal a. - tied, a lonuon Y M fomdd ro the .,pliant writbn deny 1301 dry. to, daft or etyuen to, appord, tltm ou,b W. OFMCM RECORD ••<a 993.1:165 r'k%J Or, CX RECORD M, 9s`J ,�A66 .! eol bt ra9ako4 Rorer � «� a.d Imtlm d dv Eo0dt�t ®faa m vk h h e.tmmf �Im th nl.my •da'^^m m m. lab feJ ev.beew OeeE.d .M m.. m.eens 6 No b.al bvler. Inobie emu, teaadmi aabid...nt .w_• IR+F• Ena a a.r bAdbV vacrtd n tnf M thad .t tq me. De uad a . rddma tempan+df 9vr••'rmd1. 1'toid.d. hoaara. dvt aavtfmi .dfdn .a.e v ttnd baOR nnae kae., rent tr.YM1 tm4 .t bot vmdbt to (101 Mt b MlA* � mewae (33) M h INm oue b iad m Ew pR^� .t er tan a tN. d tb nidm naiad merem uim ma fo0ouht onMltMre b. w> tmd ultlin Rr hm\ a tN. my ..[e.d um "k, ahtl Em. eveten\ Sub rritrb.tbn a kwa bK T. No .tn d nT tint iud ee dbohF'i ro 1N wbt .k. e..A tbld. hntus en dapke Mdma lot na9t aw'tV d m\ mom th.n tuo Fk.drn0.bt m. 9tr�perr> fa d a rtnt a Jpu �sd M . bdldce ro .deatbt me PMR dwht di mmtrvntm urd vle Riad. tl d . h amn b wPw� D7 me .. a, er, d No ad di0lvb. m deabpnmt W n.Ha\'. W mflN\Y. 9o•m�^t m mwb/ o ,J— d vn' ked am0 b I'nnllie'd apo^ a b .nf M. mr JW m . tb, mak tn.tdt mOn.I crnnlan a Juga E. R^^'\M "Co^ a b� of M No dmlct w aWs anrnort deJtwd lar v+e b Doint fa of a mtari /. m.d Ee errtred, m.bnbed a pennitted upon .nr M. 9. No .rJnJ\, tl.vtmk m t'aall*f Or of tbd Jun b nlud, bd a kW — of M <.trpt \Nt do an w nha dnme.rk t old pen .7 b kmt 1"a d inn ..e rot tint Eyed a moafm .nY a rnn r v wrwa t0. Nn b\ \tu0 a rued or m.'nnned v . domwtt F M fm mbbl True, t~ a amvr dab rtua Ee k pt b .1u" mnnirc No M an . kh enVw b Ent Fan cmarvntd a sated mtl b.no.ne \o Femme a mtmin o�etvo�^ ed/a n Shd1' Na w, > J b pbnbY uNch obttam JP), da. .t cl.e R) .b ds (6') fat .Ewe me to.d�.Ya .Iu0 h duel a Rtmind ro rcnuvl n nY miner M ulmb me m.kuly .a. r.t by me abtet PrOP r tl� vtd . We mNtenW man .t wine tuentyGre (15) far Ran the mtmmdm d tie mat hsi a b tee cnc d . mundd omRiY mmar Goin me b\auodar or ow .beet RORnf Ibex ext dM. Th .urm iPr One EmibNan. tlud .poly m nT bt .linin tee (107 feet ltan d\e Ethna\ian d .mat otmtrtf tlne.im tM dE d. d dmfb-d a .def' p.remmt No ba mtl bs oe*ndr� ro am.io .IWn m<.�o�e tEad emin of bmrcEa^ wle me (oe.F Ibe 6 m.btdmd i a .Eos i (6j fen .Fort tovF.rt b\eraecdm iendm \o pte.enr nbmcim d J,,\ tbu J 11. Eyernenb fill Ne Inmll.np and imam.we d pubbe unLtim and drahuR "a"" +rt le> u nomd m the e". I'd Pill. Vlaht Ness tee+e m no+bueturt. Pimthl( w mh. rpledd dull h Piand w pemdthd to rineain .btN may ii m hnpek w annhn edlM1 Ne hmanadm Md m. d,. d vt01En Tlm ea+erilmt bm d aadl bL bssl a preel and a0 pennittM Wliyl"awnb .bba ud eaabpnt bel r1uE h enheuh.d mridnnoudY by tlm limn d the 10. b , ir prmL nwp b rho. impmamrnb fa .hkM1 • Wb& amhaeity m mmw tnenpm b mpndbla 12. AAam+er GEVERAL DEVELOP%IENT UTILITIES. INC., • obudWY d GENERAL DEVELOINLNT CORPORATION, ib pnemn wavimt than loss m h ceebmeAa .am dembution ad neer woke ywfld n fill Ne eadom Wm 'y"" end pemh of hM encvmpad by Ness iy Mlliw Ne fn dmpk o.nee r a Io4 bam, w pmel d Ivd p ,hich illi a enb Ibee baen Mn<pmM. M,:!w do lege wcapYvrt ami NilL upon bunt F. they 1701 day+.nnrn mNe. a tmdnd m py • mem Md ill, aasanr ch-iV and iidi a th .ata and w.e +r^iw+ fumbled by GENERAL DEVELOAIENT LTLMES. NC. No adieidml ertih m u.a6 dbpoml ry+tem sill h pmnilted m my Wildif¢ db film ad alter date p width +coke b made n+dabk m ome. 71" pmddwr+ d did, pmfaph hn'^ef. Nen eM h mmtmM m nelude oe pevhNl -tN fa iniption, a -"d pooh and br mnditibeind. t7. Tl m' mb wd mtdcnonr art to mn . di IM Imd bd Nan h badin( upm a0 penin and N Denan cfavniM uMa Nem vnbi thhry (70) Ysan from the date d RcwdiN hill thpicd. at which dme ud meeenbib and merkdbb Nall mtomaiallY he nrrndd foe +uwemn 'a d ten (10) year; 'MMld, ho.nef. Ibat naniN+bndin( Ne fort(oin( date rtfertae mnbimd a the W Waph. vN mmmn Md mldeuma meept pnpmh 12 hrnef. lmY h dteeed, amended a nssiNed a erhde w M pft a any a. by the then five a.ar m fn c,,,m appeam( of mpd d a majonp of rhs loo dfMed by Ne mpaNe ptmmwn of Ness rnbinbnt N. In Ne e.mt d •eii,iildun w beeadl d mY d Mee mvierip+ by MY Pn>a w emmn chbain( by. NmufA a uedv GENERAL DEVELOPMENT CORPORATION. b mmemon, w imsi p% and the Nen b mm or recor& w my d than Idntly w ae.mM NN hoe Ne ddtt to proceed at be m a mdry b rnmpl a mmpWnm .IN the h lli W.'a a tp preeenr Ne eioieb iia b .! d My, d Nem. In edditlm to Nefm iji4 GENERAL DEVELM. LENT CORPORATION. in pneemn "l "P% Nen hie Ne dpn 41, n Nae dun int hen Wit a my bl. my mptun .Nthb Y+lahtip d thio me -m tommapp Ne Paperry.hm mcb dolatlm eWb ecd mmmadly abate w leinoes NI ami at the npe+ea of the mm .bed A+eh miry and abhment a mnoN"nor be d.W • tmpaa TM fdme to inform any d.,l eexnatlm. rnnkllon w mndidm cmtah+d H this Dedvatlan d Aneiniwi4 ho.aa bot mntaued. NN .1 h deamd • .abrn Or Ne right m it. m IhmOa, n to Ne umr brtacM1 w as m • bwech amara( prima Rrb+muem IM1fMo and dun nd Nr m aRM Ib enfortalnenl C.7, CA.iL RECORD s -h 359 =e'{167 s - — - ------ -- -- OfFICtA RECORD moi! .isg �F 1us i( 1 S. [nMERlon d ury Orb" d !wr mann 11 loEormr hay of aoae[wSr !tl V yo.he AIfia1 �1 d tb oQ.r f � aan W.K tb NNww Y fall fart+ bld .!fact IN WITNESS WHEREOF, GENERAL OEVUWAENT COMPAnCH. a D -h mrpvyWtt isy NNNI 0s ayynb m IN yaambd by In paapv d6va4 y w An dby NN, duh �IAala4 yad IN a ,ft W m b afNy4 r I Nk Dyh ONN". Florida R T! dq .1971. GENERAL DEVELOFME+F CORPORATION .. I�•. _ Saoy STATE OF FLORIDA 1 SS COLR+TY OF DADE 1 1 NERERY CERTIFY trot a tl8t 29 day d i . 1971. Wan ane penondT . ayavad r.ydyri<k [. b.cn yN Owl! A. Oanany P,.idmt ' ynd Smnbry. tay[.atl.ah. d GENERAL DEVELOPMENT CORPORATION. • Dala mrptaatbn ro me tnan ro In IM paint d T In and .too necuM d fon[oht[ hetrmneyt • bids dfimn ror tb u+e and por tlen[a myntmna4 o " t , dMUNI Cveto ft oM.W Na d eN eor}enom. wd NM M ted mfn ' b a c bid d -(-W mtpan WITNESS my eNty^ ynd ofTMrl d V Mi . M do C.q d ph v.d SUN d Fbrida 0n dal M 7Taa baa afonsi6 NOTARY Pt.'ILIC,,9TATE OF FLORIDA AT LARGE my Cammadm Ezpnv wi)n nne, fnA F nM\ f1 Yqa s Loa^ OPT, GENERAL DEVELOPPIEW CORPORATION • WOR 393 Nam A Mlr•r Ceneratlan ARNONENT TO ' TOW" ITrhV CONCERN DECLARATION OF RESTRICTIONS •.a•e.e.eee.. ee.. ' WEREAS, GENERAL OEYCLOPRNT CORPORATION, a B•Iwsre eener«I°n authorised DO transact bualMa In the State or Florida, hereinafter referred to as GENERAL. as aver of the fella.1n9 descrl Md aroo.r, +Itwt - lying and Ming In Indian River Coenty, Florida, to•rIR SEBASTIAN NIDnWIDS MIT SEVENTEEN, a fWdlv1slon River CotT. Florida, according to the plat thereof ret -'Bae In PI« In Indlan Con Sock 8, at Page 46, of the Pectic Records of Indian River County. Florid., did heretofore .. S. to Na recorded certain B«1•ratlw of Restrictions dated .+•, f ° Jw. 29. 1971, fl I•d J.IT 21. 1971 In O.R. Sons 399. at par, 164 thr 168, cef of IndlRhe' Canty. ilerld•: •M of the P,011c ReNsn Ya r IMCR[AS, G[NFML «the enfant tree rtYlnf the fee or,sr 01 all Or the IOtf in the subdivision plat afa'esNMd; and Z •V ae VMEREAS, GENERAL doe, rear stoops. to wend .•Id Declaration of Restrictions as Are particui.rll hereinafter .R forth. rC xCN,' f aftFDar. P.r.graoh 1 of the aforesaid Declaration of Restrictions Is s.e.dad to read of fol ltrs: �w e Mrd 1. A. To 1I1 Leta In 61«4. 999. 600, 601; Lots 7 16, 01«4 600; , ^ 3 6thru07. 607. 608. 609. 610; Lot+ ini1.al Lots 2 Nru 18. Block,Block = Wilding and Lets 6 this )4, .the 611; no ori«loaf Mnding sh•n M tediNd •- 11: to or amct.d M any af the aferePentlomd Iota other than °..e ae«hee •� i ns (1) rani IY ?+I l Ing not to uceed er0 (1) stories In height, or cre O detached single really dwll I" not to *.teed tan (1) ftorFa+ In Might. NOM e/ the aforwnt raised lots shall M reed ,ulefividInto 6ulldlnq lets haviam fast nor of t tM.wniwn leash than.sav,,ty.flveh(75) feet aand Wilding nt4ec4 IIM for shell any +tr«tun M er«ted on any of the °fers.entlawd lets henrl g w area Of less than .even hundred (700) ,wan feet (living ane) per 11.1.9 unit for • lb (2) fwil, dwelling• or eight hundred (800) swan fast living arta for • singh /wily du°Iling, E.cept as Jenin wt forth, the Oectaratlan °f Aestrlctions heretofore rererd°d In O.R. Beet 389. at page+ 164 lhn 168. I.C1.1,N. of the hdlg R«ord+ of Indian Pl,.r Count,, Florid., .r. ..dried, canfirowd and nl.Oa+<d, IN VIMSS NNEREDF, GENERAL OEVELOPe[NT CORPORATION, has cwsed these present, n M ...Fated b, it. proper officers and It+ complete real to M ✓need at Rlwt, Bade Cow ty, Florida. thh.tst par of DC[aMr 1971. GENERAL fOM�fCORTTIIgI:: /DEVELOPRENT ATTEST: nSldent y,e / Secy. t.F STATE Of FLORIDA �.� SS r ,t•\ COWTT OF DADE ) 1 HEREBY CERTIFY that m this Lt dr e1 OawOar . 19 71, before parewflly I 1 "posted!}rad.rt.R R. Reach and David A. D Pnsldent and Secretary, Dol--mC°reorattw. to w j nap«[Le1y, of Gone r.1 pevelopent Coryor•tl°n. • to M the saran' described In and eno ea«and the fare9olrq A+andvent to .. Flown Mcieralbe ah A"Ctl.% a, Such officer of old corporation for the v.., and aid purposes th.reln .enli..d, and that they arrived thereto the official fear of and deed or +aid C01per.tlpn. CerpomtlOn. and in the fold ln,trlRnt 1+ the «t VITIIESS an .1r.t°r and orf lCial seal at nivel In the C tT of Dad.yJ4141Rter Florida the dq and Tear last alerefai d. �i_1 1 t• ly� RL .i[L,• "L: iLORIDA IqT RY PUBLIC, STATE OF FI LMCE b Calwhstw Eg1n.: ✓ •.1r: TRtr•n 111aN: sten Far Hewn Hua ' Nr repcnrern... .r�,rnRl[Ny rte. `f. sun .••• . est.v,a Ne.� afa r seed RI frD,n, a ..'I'm ivN+w rw� fryer a•+w+e torvv0 His 1 panes a. tnwnL rr min , ID 0 RECORD VERIFIED ' - gEFFREY K BARTON CLERK CIRCUIT COURT INDIAN RIVER CO- FLA 'r J In re GENERAL DEVELOPMENT CORPORATION, et al., Debtors. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA CASE NOS. 90-12231-BXC-AJC CHAPTER 11 JOINTLY ADMINISTERED NOTICE OF FILING BANKRUPTCY PETITION GENERAL DEVELOPMENT CORPORATION ("GDC") and its Debtor affiliates (collectively, "the Debtors"), by and through their undersigned counsel and pursuant to Bankruptcy Rule 2015(a)(5), hereby give notice of the following: 1. On April 6, 1990 CDC filed a Voluntary Petition for relief under Chapter it of the United States Bankruptcy Code, it U.S.C. 41101, et secr., in the United States Bankruptcy Court for the Southern District of Florida, Case No. 90-12231-BKC-AJC. 2. in connection therewith, certain of GDC's affiliates, also filed Voluntary Petitions for Relief under Chapter 11. A list of the affiliates, together with the individual case numbers and the dates on which they filed their respective petitions, is attached as Exhibit "A" hereto. 3. By Order dated April 8, 1990, the Court granted Debtors' Motion for Joint Administration, thereby consolidating the cases listed in Exhibit "A" hereto for procedural purposes only. 4. The Debtors are the owners of certain real property located throughout the States of Florida and Tennessee. A list of the counties ("The Counties") in which the Debtors own real M r J lD D1 N 0 a CD CO Q1 r -n c� CO L'J v property are contained in Exhibit "B" hereto. The legal descriptions for all property owned by the Debtors in the Counties are too voluminous to attach hereto. Accordingly, the Debtors have attached as Exhibit "C" a general description of the property subject to the jurisdiction of the above -referenced Bankruptcy Court, pursuant to 28 U.S.C. 41334 and Section 541 of the Bankruptcy Code, 11 U.S.C. 4541. 5. From and after the aforesaid date, any conveyance of said real property of the Debtors is void and unauthorized pursuant to Section 549 of the Bankruptcy Court, 11 U.S.C. 4549, unless approved by the above -referenced Bankruptcy Court. DATED this IL day of May, 1990. WILMER, CUTLER 6 PICKERING 2445 M Street, N.W. Washington, D.C. 20037-1420 (202) 663-6000 Attorneys for Debtor 05/07/90\Oa\GDC-00T.F$P GREENBERG, TRAURIG, HOFFMAN, LIPOFF, ROSEN S QUENTEL, P.A. co -counsel for Debtors 1221 Brickell Avenue Miami, Florida 33131 Telephone: (305) 579-0500 By: 6'i t' f)1 aco'%Z'n� l�t2 MARK D. BLOOM VTC !�* x*NDp mcrs..a . �cb 7 0 s 0 m CJ -I cam'. CO, l0 CO 0 k ENTITY General Development Corporation General Development financial Services General Development Resorts Florida Residential Communities Five Star Homes Group GVV Financial Services Environmental Quality Laboratory Inc.' Five Star Homes Inc. Florida Home Finders k DATE FILED CASE NUMBER 4/6/90 90-12231-BKC-AJC ' 4/6/90 90-12232-BKC-AJC 4/6/90 90-12233-BKC-AJC 4/6/90 90-12234-BKC-AJC 4/6/90 90-12235-BKC-AJC 4/6/90 90-12236-BKC-AJC 4/12/90 90-12337-BKC-AJC 4/12/90 90-12338-BKC-AJC 4/12/90 90-12339-BKC-AJC * By order dated April 8, 1990 all of the above cases are being jointly administered under this case number. .� EXHIBIT 'A" — 0 a CD Co Cn v c-> CO lD lD 0 FLORIDA Brevard County Broward County Charlotte County De Soto County Hendry County Hillsborough County Indian River County Marion County Martin County Orange County Palm Beach County St. Johns County St. Lucie County Sarasota County Seminole County Volusia County t COUNTIES EXHIBIT 'B' TENNESSEE Cumberland County Putnam County 0 O co M Cil c� <D O O dip It l 1) All of the real property, if any, owned by General Development Corporation located in any of the counties listed in Exhibit "B". 2) All of the real property, if any, owned by General Development Resorts, Inc. GDRI Land Co., and Southeast Banks Trust Company, N.A. as Trustee Under trust agreement dated November 18, 1980 and Known as Trust No. 12038006 located in any of the counties listed in Exhibit "B". 3) All of the real property, if any, owned by Five Star Homes Inc. located in any of the counties listed in Exhibit "B". 4) All of the real property if any, owned by Florida Residential Communities, Inc., Country Point Associates, Ltd. a Florida Limited partnership, Lucerne Park, Ltd. A Florida Limited Partnership and Brighton Lakes, Ltd. A Florida Limted Partnership located in any of the counties listed in Exhibit "B". 5) All of the real property,if any, owned by General Development Corporation or General Development Corporation of Tennessee located in any of the Counties listed in Exhibit "B". EXHIBIT "C" RETURN: CARLA M. BARROW, ESQ. QMXM Mm ROF)H X L RM 8 QUOM DA E221 R UM AYWJE _ t�apu, r1QR)oA 13)3t ..,,.lCi\oY. , .U.� Tv(1tl I11�r•\�OIr. P'• Y't^ I^� � •I^^ .1^ i,^Y.....Y .. y+b •..-, onr. �.. ... _ � u µ .. o.�.A\ r-. orwv ..... K.rr. r r.lwr .r�..\r\ .i•..o: , rtw• r.\w .._. STATE OF FLORIDA Lks% UNIFORM COMMERCIAL CODE — FINANCING STATEMENT — FORM UCC -1 REV. 1081 r.... awlAA.riMn aTATT FW n v W49d b • MMp OR'co har INUS VWKI b I Won. co•+Mcw Coen. ocarontM1`w\rnYI1n\�•rrwEr )•[rr.O�.4I OOIU�IDR� 1A Delaware corporaticn YAX.A ADDet7N 2601 S. Bayshore Drive an Miami n.nFL 33133-5461 w.Yt SEE SaM= 1 ATTA(3= HELM AND M t8 A PART HERECF FCR ADDTPIC AL TfS1VF>S YA� ADORN Cj}T V An Y.Y( 1C YAA..W ADOKti YAYtPP.N XACIuRE S H NOVE R TR= O2MPANY, A 2., cw York banking corporation, as agent for tt g;;;.Wp listed on Schedule 2 attached hereto and made a part hereof. 2t Park Avenue n. Nee Yt1rkh' 1nD17j207�_ YVLnRI!•C oPAIR. OAY M1rY.�rn\.Ir P�•In HAY( 28 YULIYd ADC M CT VAn .ILOYtt DI UO oPAIR+ 0.YTl �\AY[ 7 Y.11rIC AOCKSa CT'r V.tt YAd •Or\ ua[ Or •\t.r0 0•rKt• Tw. r.1a. a r.y Orrq RECORD VERIFIED JL•FFREY K. 13ARTON CLERK CIRCUIT COURT INDIAN RIVER CO., FLA AY }\y IIYAY(j4Q tiAnYt Yi (.� M1I'III�M \Ir11 O �»^\ OI rAlni VK411 MM1M M wY rM.^r n ..R• »f/M w1 A� M wO� �. wI�M Y .s. MLI w w•./IU Y\•c. W^ W Y»w1 tY � I \\' Y n SEE EXHIBITS A-1, A-2, A-3, A-4 and B attached hereto and made a part hereof. .19 .+ This financing statement covers fixtures. s_ Yes- -- f c+ o JT nb b vrr-+ n n W N E. IL*e G I G Aa •rp......1A.'w r.» ar Yr •w!w r»' RELnFmII'1C IN THE FTAL 3 E. 8 o a Y11A•1) EVK a r.wr e. Yww.T sem. ,........ • �f ] W C=) y, t.M •YY.+^ w wr.nw. w rr• wYM r r.�rR • rY.r •w.\ � •....Y A��. _ • •Y 10. ae G.. r b C i .a i \u O � ❑ •r•wtr ul•\Ia » •Mery Yww n rrnr ✓'•.c^r' cow. w �• •••.r\ •+• ^•• MF r wwMr• -' Drr w • Iw+^rry ."'r w+� o.�pa r rM s ]i narcw r A•M.r w ••..r yq� w\ co G .,,.. w ►«�• r nw rrr •.In.r e•.rra •ssn +..wAA • r.cr+r I^w•Y I•• rn'•A.•d 65 V � G . Y r.c+ M Pry Y Y•�P 11. 1110YAtt/rt6101 Dt•TOw6� O G .w.r w • n+.I r cow, r+ r. r •r+•^ • Yns r. r Pw SEE SIL2FkTSII7E PACE ATTACFM V y �ArI ..r YRV•a•M, CO M= AM F41>E A PART F==r �. wrr•ewr. O nowl\iPAas T /!CVRD P..*r.ar v AaAa+tt (1) hbog 011itrl Copy STANDARD FORM — FORM UCr-1 Arr. Wbw. Tr•Mw +rwr..' SIGNATURE PAGE To THE UCC -1 FINANCING STATEMENT. NAMING GENERAL, DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND OTHER PARTIES LISTED IN SCHEDULE 1 HEREI.O, AS DEBTORS, AND MANUFACTURES HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. DEBTORS:GENTERAL DEVELOPMENT C• •' • Dchwam corpomtion 1' a' • • 1 ... ENVIRONMENTAL QUALITY LABORATORY. INCORPORATED. a Fl da corporation By: Margar x. Graff Vice President and Trean= la !'n • 1 1 •a• 1 a Flaridl gy. Margaret Graft o vice President and Trsasurer o Qo N O n O J /7►= M.& )k rM 1214. SCHEDULE 1 TO THE UCC -1 FINANCING STATEMENT, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES LISTED BELOW, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, - AGENT FOR THOSE CREDITORS LL= IN SCHEDULE 2 ATTACHED HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992 AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. CUMBERLAND COVE, INC. 2601 South Bayshore Drive Miami, Florida 33133 ENVIRONMENTAL QUALITY LABORATORY, INCORPORATED 2601 South Barftre Drive Miami, Florida 33133 FLORIDA HOME FINDERS, INC. 2601 South Bayshore Drive Miami, Florida 33133 N q q C.J #M= Mp* )k M7 2$4 N SCHEDULE 2 TO THAT CERTAIN UCC -1 FINANCING STATEMENT, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES LISTED IN SCHEDULE I ATTACHED HEREM AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED BELOW, AS THE SECURED PARTY, PURSUANT TO THAT CERTAIN WORKING CAPITAL AND TERM LOAN AGREEMENT DATED AS OF MARCH 31, 1992, AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. Manufacturers Hanover Trust Company 270 Park Avenue Newyork, New York 10017 Chemical Bank 277 Park Avenue New York, New York 10172 NCNB National Bank of Florida 400 North Ashley Drive Tampa, Florida 33602 NationsBank of Georgia, N.A., f/k/a The Citizens and Southern National Bank 400 North Ashley Drive Tampa, Florida 33602 The Bank of New York One Wall Street New York, New York 10286 0 N C7 c� O J W MSJr1 sb+F.tm t2Y� Cl) Midland Bank PLC, New York Branch 156 West 56th Street New York, New York 10019 Carteret Saving Bank, F.A. 10 Waterview Boulevard Parsippany, New Jersey 07054 Berliner Handels-Und Frankfurter Bank 55 Fart 59th Street New York, New York 10022 0 O N Q c-� O I OM"2 tit A Her MUM C� hl 01t. 07mn2 UK LIST 1101AR LITP CWT LOT TUCT !e n/1RE 1 F MIYISI%t SOME ^••......................... ...I ...... ....I" MS./117 ..•••••••••••• T OS.Ia SEUSTIAR RIKM05 MIT 1 OS,I/ MS,r117 SEUSTtM R[G m 0111 I 0 05,11 NIS ,r11) SEIISTIM RIKMM MTT 1 me MAN Ift"D5 11 IT A 05.21 "Jill IInT n1UT 211 TM IEA" 11191MDS OMIT OK A 05.21 /126,FI11 WE" Kh" IIIGaMAS MIT ME 04 OS.21 M1,F111 7[00 I " Rlmm MIT ONE 04 04 MIT mn ":;1 TER) tEKm IIKMOS MIT ME OS It 05,21 M1,F111 Tin IEACR UPLANDS MIT TME a %07 05121 /726,1111 Ir KKx R1KM05 WIT TK R) 17 05,21 ME.rlll " R6CR LIKMOS MIT ONE 02 01 05.21 MS,r111 TER) IEM71 NIKMCS MIT 0[ 02 07 05,21 M1,E111 RR) KOLIKMOS MIT TNR 01 07 05.21 M1,F111 RR) IELS KIVLNM MIT ONE OS 70 05,71 /12611116 It" I[ACR N1tKM05 MIT TIC In 05.17 MS.Fl17 smytm LIPLMOS MIT 8 OS In 05M MS./l17 sIsAST1M RIKAICS MIT 6 M In 05,17 M5,FI17 SEI/STIM AIKm MIT 1 Ol A 04,01 M5.F117 SEIASIIM RIPLN1Cs OCT 1 117 04.17 MS,Fl17 SMSTIM OIKMCs MIT 1 1 06,17 /72S,FI17 SES15TIM 01KMOS MIT 1 C 04,17 /725d117 SCOASTIM KISKOM MIT 1 117 06.11 M5,7117 SEUSIIM RIGO.M01 MIT t 01 A 04.76 M.5.S117 SELSTIM LIKMCS MIT T 0 111 01,76 MS.FIII SERASTIM IIIGLMCS MIT 1 112 06,36 MS,FI17 CS M SEWTIM RIPLMIT 1 D• „ f+ 7 tAIRS Vol' b% 1 1 06,51 /RS,FII7 sLUSTIM RIPIMCS MIT 10 C 07,56 Ms.Tll7 SESASTIM RIKMCS MIt 11 D VIM Ms.F1:) "STIM IIIPEMCS MIT Il E 07,56 11715,FII7 StuSTIM e7GlMIDS MIT 11 A 212 07,51 /7S7,f111 SEIASTIM AIKW MIT 11 E 212 07,51 /TS7,F111 SUASTIM 111000% MIT 11 711 07,54 /T2S,Fll) SEMSTIM e1GSMOS MIT 11 16 A 07,57 /PS7,F111 SEUSTAIA RIKMOS MIT 12 E 07,57 /157 rlll SESASTIM TIGIMCS MIT 12 110 07,57 /T25,F117 S(/6STIM XIKMCS MIT 12 07 110 07,57 MS.FII) MOS SCIASTIM KIPLMIT 12 S/ Hp 07.57 MS.FII7 SEMSTIM CKAKS MIT 12 /1 E 07.12 PRS,FIU "$TIM RIPORCIS MIT 17 •1] 777 07.02 S,F1 M ❑ s2µSTIM RIKNCS MIT 17 777 07.12 /725,1113 SEIASTIM RIPLMCS MST 17 D A 06.71 M1.FI11 VM IRIPLMCS MIT FUN UE)1 C 06 M1,FI11 T;R) III" IrTWLM MIT 10M 0 05.31 /726,F111 1ER) E,101 ITIPLMCS MIT IOM E "I" rv26.r 111 RR) K" L16KAIM MIT TOM F 01,78 /726,F 111 Tm RMT LIPLMCS MIT FOO L 04.71 M6,F111 FEND EEAOI LIPLM05 MIT FOM I 06.78 020111 RR) KALI RlPLMCS MIT T01M A 06,11 M6.F111 RR) MAC71 RIG7.6T05 MIT TIOU E 06,17 InS,F11) SEUSTIM XiKMCS MIT 11 E 06,16 /925,F11) SWST16R 01KMCS MIT t5 S 08,11 MS,F;U SESASTIM IIKMCi 9917 15 y / 01,15 m .nu SEMSTIM RIKINM MIT 16 su 04 ,/5 M Sj117 SCWTIM RIPLUCS MIT 1/ 11 547 04.11 MS,FiI] SMSTIM IIKACS MIT 14 M U Se/1i7± 6 I 3 RS m. wlfTl•LOf SM11" 47 r M H " RCR» IR••a�r IWIh• not" KaQ IMAM » fll•fTir wt MDS f Iw r•a[ t. .L _. 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FLA FLA Cunaa, F,eld+, ward, Emmaaoel, ti Out Hs"boar Pt.n Tamp.. Florida 7760! TFM MORTGAGE IS GIVEN PURSUANTTO A FLAY OFREORGAITLA77ON CONFT1.11ED PURSUANT TO THE ORDER ISSUED BY THE UNITED STATES BANKRUPTCY COURT FOR THE SOLTHEILN DISTRICT OF FLORIDA LV CASE NOS. 90-12231-BKC-AJC, 90.1=2-BKC-AJC, 90.1=3-BKC-AJC, 90.12234-BKC-AJC. 90-12235-BKC-AJC, 90-12336-BKC-AJC, 90-12237-BKC-AJC and 90.1223&BKC-AJC, AND IS THEREFORE EXEMPT FROM DOCUSIE\TARY STA117 AND LWAONGIBLE PERSONAL PROPERTY TAX LIABM TY pURSUAIT TO SECTION 1146(C) OF THE UNTIED STATES BANKRUPTCY CODE. • ; . R . �• IaIJI THIS MORTGAGE AND SECURITY AGREE'%M%T ('Aj4IIgap '), dated as of March 31, 1992, from GENERAL DEVELOPMENT CORPORATION, a Delaware corporation (the 'Csmlz *) and EN-VIRON,NfE1TAL QUALITY LABORATORY, LNCORPORATED, a Florida corporation ('170 ab"), each having an office at 2601 South Bayshore Drive, Miami, Florida 33133. (the Company and EQ Lab being referred to collectively as the -,12ggU=" and individually each a 'Mortpa" ), to tiL4.NUFACTURERS HANOVER TRUST COMPANY, a New York banking corporation, having an office at 270 Park Avenue. New York, New York 10017, as agent for the Banks (as hereinafter defined) ('.%jorleny *). WITNSSFTH* ,A-HEREAS, the Company is the owner in fee simple of the parols of real property particularly described in Exhibit A-1 attached hereto and made a part hereof (the 'CLIMP22 Land') and all buildings and impr wements presently located thereon; WHEREAS, EQ Lab is the owner in fee simple of the parcels of real property particularly described in Exhibit A-2 attached hereto and made a part hereof (the 'CQ_126 land•) and all buildings and improvements presently loafed thereon; 0 ,AIM EAS, pursuant to that certain Working Capital and Term Lean Agreement dated c of even date herewith (together with any and an modifications, amendments, replacemerns. vc renewals and extensions thereof, the 'ArrwfncnI') executed by and among the Company, ry Ffortgagee and cerasin Banks, as defined in the Agreement (the 'Banks") the Banks have agreed c to make certain trrm loans to the Company in the aggregate principal amount of s5omo.000 0 W next a ss.a r. rwr . n ra —1 RN1 We 07/73711 LIM LIST D DIM REPO c01RT 5061RSIUN AWL l01 ttKt R�....kvS r * 05.100 fm.FI17 SLIASTIM pqT t t 05.14 /RSjltl SEMSTIAN NIGRAICS UNIT 1 D 05,16 /RS.F717 SEBASTIMI NIPLMCS GIRT 1 FIRST IDLAT IN PEM RAq lawjxs UNIt Ort A 05,21 05.71 /M,Fi16 M6,r111 PEM RKN NIPLAADs UNIT owA ; 06 05,21 /R6,F,111 PEM RKN NIPLOCS UNIT DIE a - 04 05.21 PEM BERN RIpLAA60S PRT UNE 05 06 05,21 /126.1111 VOO RAM NICLMC5 PILI ONE 06 = 07 OS.n M6.FI14 PEM RACM NU7LARM UNIT ONE 01 ! 07 05.21 RI6,Ft11 PEM RACK RIPLAIMS UNIT OK 02 07 05.21 /1 VIII RM RKN N]PLMOS UNIT PE 03 07 05.21 /126,FII1 Tm RACK MUthxCs UNIT DIE a 07 05.29 M6,F11A PEM RACK NIMMCS UNIT ONE 0s 1EN0 RACM NIMMCS 0N11 100 M 101 05.71 05,17 /126.III4 /173,FII1 SEBASTIAN NIPLM DS UNIT 1 OS 101 05,17 MS,r117 SEBASTIAN RIPLMCs UNIT 6 O1 IN 05,17 tM,F113 $MSTIAII NIGKMCS UNIT 6 01 A 04,01 MS,FM SEBASTIAN NIAOLAICS UNIT 7 11] 04.17 MS,F113 SEBASIIM NIPLABOS UR11 1 t 06,17 7RS,F117 SEBASTIAN NIPtARDS UNIT 1 c 06.17 /12S.FI17 SEBASIIAN MI6ILMDS UNIT 1 07 lel 06,11 MS,f117 SEBASTIAN MIMA"S UNIT 1 A 06,76 MS,TII7 SEBASTIAN NIMMDS UNIT 1 D 111 06.76 M5,FI17 SEIASIIAN NIMMfjS UNIT 6 ON 292 06.36 MS,rI17 SEBASTIAN MIPLMDS UNIT 1 -:•nor r fill " -m.56--�`Y�1i 17 SEBASTIM MIGMLANDS UNIT 10 J 06.56 /125,FI17 SEBASTIAN MIMANDS UNIT 11 c 01,S6 M5,FI17 SEBASTIAN NIPLMCS UNIT 11 0 07,56 MS,FI13 SEBASTIAN M1OLAMS UNIT 11 E 0',% MS,ti:? SEBASIIM MIPLAMS UNIT Il A212 07,56 M7,FIC SEBASTIAN MIGMLANM UNIT 11 B 212 07,56 /157,1111 SEBASTIAN MIMMOS MIT 11 16 761 07,56 07,57 /125,F117 /1SM141 SBSTAIN MUMLACS UNIT 17 A 1 07,57 /VSI.F111 SEBASTIAN NIMMCS UNIT 12 57 610 07,51 MS,F117 SEBASTIAN MIMMS UNIT II 610 01,17 /12S.FIl7 SEBASTIAN NIPLAMS UNIT 12 51 110 07,57 MS.F117 SEBASTIAN NUILAMS MIT 12 61 SEBASTIAN RICKARDS UNIT U C 01,12 M5,TI17 SEBASTIAN NIPLM UNIT 11 13 777 07,82 M5,FI17 SEBASTIAN MIPLMCS UNIT 17 37 777 07,02 M5,F117 VLM RKN RTPLAICS UNIT YOM A 04,78 M6.t114 VERO RKN NUMEARDS GRIT FPM c 08.70 M6,FIIA PFM RAO1 NIMMCS MIT Foo 0 08.71 /1761FI14 vM RACK NIPLAAOS UNIT F10 [ 01.78 M61T1:1. PCM OEKT NI6KM UNIT FCM F Ot,]$ M6,FII1 RM RKN NIMAACS UNIT FON C 01,38 M6,FIIA VENO RKM IIIMARM UNIT FGUN N 08.38 /126.F11A o RM RAG MUKAAOS UNIT YOU A ".AT M6.FIIA CD C 08,17 MS,FiI] tD SEBASTIAN MISOLMCS UNIT 16 E 08,17 MS,F1O p SUASIIM NIPLM UNIT IS MS,Fj13 SEMSTIM NIGILARDS UNIT 15 s 04,47 0 cn 1 OI,A MS.111 r I,III SEMSTIM NIPLMOS PRI 16 SS2 01,65S Ms RUSTIM RUAlMO6 UNIT It 16 367 a,AS MS.113 SMSTIM RUIMICS PRT 16 6G6ALi{RAW 0• - - .,u lrrsuAN+6G■6Jrs+■6L1 0 O 6D N d n O Ln Jz IRN Ore 1;27/177 2tX LIST MAP Im OWT SOBDMSIM A7lL LOT TUBI ILL n/ha 1 T nm��enm m+mmfn��m�nn�nr��.+m�mmmam�m�+nn�.nn.��rmm+��.rm+m+•. ,.7 1 04,16 /175,111] SEUSTIAN RIOLMDS MIT 17 1 01,4 R25l117 ,TIA1TIM RIOLADS OMIT 17 / 4-caL u.+1 4As l3 01,4 RA,F117 NIOLS MIT 17 SEUSTIM MD rs2G{3J7 SEWHAAFNi <75ck1! BNASNIA.N-MSmfOMHtiIN 7 %WTiM Ili N SS7 00,16 /125,1117 %U$TIM NIOLAA77S MIT 17 US 01,16 MS,F117 SEUSTIM RSOtMDS MIT 17 O) 566 01,16 /125,F117 SEBASTIAN NI6MLM7S UNIT 17 06 SAI 00,4 NS.FIII SEWTIAII RIPILM MIT 17 14 54 00.16 /175.F:17 SWAM RIOLAIDS PIT 17 15 54 00,16 /125.F117 SEUSTIM RIOLMES MIT 17 17 S4 04.16 /115,1117 SEWTIM NIOLAIDS Nil 17 11 56N 01,16 /721,1117 SWSTIAII KICKAMS MIT 17 12 54 01,16 /M,FI17 SFBAITIAN NIQLARS MST 17 14 - 561 00,16 K25,F11) SEUSTIM NIOLMDS MIT 17 07 %1 00,16 /175./117 SEBASTIAN NIKARM MIT 17 It 561 00,4 /12S,Fll) SEBASTIAN NTokum MIT 17 10 561 01,16 MITI13 SEBASTIAN RIOLMDS MIT 17 11 561 O8,44 MS.F117 SEBASTIAN MIMArs UNIT 17 12 561 00,16 /T7S,FI17 SEBASTIAN NIPUMS MIT 17 13 S61 OB.46 /n5,F117 SEBASTIAN N1OLAR:5 LFII 17 IS 570 00.16 N25d117 SEBASTIAN M16AANDS MIT 17 02 570 08.46 /25,11:7 $FUSTIAN RIKMS MIT 17 21 571 00116 /12S,F117 SEBASTIAN RIOLAnS MIT 17 ]0 572 CIA MS.F117 SUASTIAR RI47LMD5 MIT 17 Ol $72 01,16 /n5.F117 SEBASTIAN MI6MLAIDS MIT 17 ON $72 OI.46 /175,1117 SEBASTIAN RIKAMS MIT 17 14 577 00.46 /17S,F111 SEBASTIAN NI6NLANDS UNIT 17 07 574 %46 MS,FI17 SEBASTIAN MIKAN95 MIT 17 07 SI OIA 717S.F117 SEIASIIAN NIKAR05 MIT 17 12 US 0N.44 /RS,Flll SEBASTIAN Nlutm MIT 17 02 S7S M.16 /12S,F111 SEBASTIAN MIKANDS p]I !7 10 575 08,4 MS.F:17 SEBASTIAN RIKAXM MIT 17 11 575 00,46 /T2S,FI17 SEBASTIAN MIKAOS MIT 17 13 575 00,46 M.5,F:17 SEUSTIM MIOLA4DS UNIT 17 14 57S 00,16 /n25.T111 SEBASTIAN MIOLMOS MIT 17 SS $76 08,46 /125,1117 SEBASTIAN RIOLMDS pIi 17 04 576 00,16 F1 /725.F1I3 SEBASTIAN NIKMDS MIT 17 OS 576 01,46 MS SEBASTIAN RIKAPM MIT 17 07 S76 05.44 /175,FI17 SEBASTIAN MIMARDS MIT 17 as 576 00.46 /nS,F113 SnASTIAII RIKAN05 MIT 17 10 176 01,16 M.VII SEBASTIAN NIOLADS O IT 17 y� t y' I7 IS $76 01.46 STIAR MOLARS OBIT 17 EBAS 576 00.46 SI MF117 FI, SEBASTIAN RIKARM MIT 17 IL 17 574 01,46 M8.1117 SEBASTIAN RIVILM MIT 17 574 00,46 1725,1117 SEBASTIAN IFIOLMUS MIT 17 T $76 00,16 772S,FI17 SEBASTIAN RIOLUM MIT 17 32 519 08,46 /Y15,F 1:7 SEBASTIAN RIOLM05 MIT 17 10 Sb 00.16 /f,'S,FII7 SEUSTIM RIOLMOS MIT 17 11 511 O1.0 7125,FI17 SEBASTIAN RIKMOS ONI1 17 02 51t 00,16 /175,F117 SEUITIAN RIOLA DS MIT 17 07 511 06.16 /175,FI1) SEBASTIAN RIKMDS MIT 17 11 572 ".466 SEUSTIM NIOIAMDS UNIT 17 02 512 01,146 M,F113 I175,f 117 SEBASTIAN RIKANOS p2! 17 12 517 01.4A /175.F113 SEBASTIAN I1OLMOS MIT 17 01 517 01.4 11M.F117 SENSTIAN NIKMO7 UNIT 11 11 Stl 01,16 /125.1117 SEBASTIAN RIOLAIDS pii 17 It SM 01,4 /175,1117 SEBASTIAN NIOLMOS MIT 17 04 SM ".At /125.1117 $FUSTIAN RIKANDS pit 17 06 67 600 01.46 /1:5./117 SEBASTIAN NIOLAOS MIT 17 it 600 11.4 /125,1117 SEBASTIAN 9799ADS MIT 17 17 Am It,4 /175,11:7 SEBASTIAN RIPLA4DS MIT 17 01 601 010,4 /M.FI11 RBASTIM MIOLMOS MIT 17 02 401 CO." IMIT11) RUSTIAN NIKANOS pit 17 0/ 671 ".at /175.111) 1EUSTIM RIOLA05 UNIT 17 10 401 "A /175.1117 SEBASTIAN RIKMOS pit 17 601 CO." /175,1117 ;EUSTIAN NIKMDS UNIT 17 14 0 O 6D N d n O Ln Jz 77) trN SN;1 e7r..m. YL 1111 I1DIM IIT¢ COONtl WITISIM NArt LOT TRACT It PVVAG[ I F air.mn�n�me'n�mmmnemmmn�mr����n�ntn�nnmm���mn�n�m�+*�em�nnnen*'^ct is 601 00.n`^'mom. 01,44 ms 111 3ASTIM N.PL M MIT 17 tat 06.44 jll7 mS,/Il7 BASTIAN NIPIMM MIT 17 16 601 04,46 ,TI17 'BASTIAN KlWtAWS UNIT 17 17 tel 08.44 fmF117 NIG LMIT 17 US1IM M OM 10 602 04,44 /M.I7 7AS11MF ]UPLANDS UNIT 17 e5 608 01,51 fvn 30TIM NIPIMM MIT 17 04 A0/ 08,44 MmT."1I17 ,1117 1AS11M N7pUNIT 17 lMM 10 606 04,44 M.1`113SEBASTIAN NIPIMM UNIT 17 12 606 08,14 F111 S7IM N1pLMM UNIT 17 EMS 17 601 08,44 m5f117 fM. 6AC5 SEBASTIAN NIMUNIT 17 1/ 605 01,44 SEBASTIAN NIPLMDS UNIT 17 02 605 00,46 N251FI13 PI25,f1U SF4STIM NIIAMM UNIT 17 07 60S 04.46 2$,F117 SMSTIM NIPIAAS UNIT 17 a 605 04.44 N ms,ill7 SEBASTIAN NIPLAMS UNIT 17 07 Eos 04.44 Fll7 SETIAN M05 NIGKMIT 17 BAS 10 601 01.46 M. TII7 SmTIM N1HllFM ail 17 Il 605 04,44 r5/T2S,F117 SEBASTIM Nimm UNIT 17 17 605 04.46 mS,F111 SEUSTIM NIGKAPVS MIT 17 17 606 09,46 F SEUSTIM NRKANDS UNIT 17 01 A% 08.44 /M.fil1 l7 SE9ASTIM N7GKMDS UNIT 17 02 04,44 mS.Fl17 fm SEBASTIAN WIPI.MM UNIT 17 07 4 601 0 04,66 /Y2S,Fl1] SEBASTIAN NIPIANDS MIT 17 os 606 04,64 mS,FI SEBASTIAN NSPLMM UNIT 17 a 407 01,44 /725,F117D SEBASTIAN NIPtNIM UNIT 17 OS 407 01,14 /5.1117 SEBASTIAN NIGRMOS MIT 17 1T A01 04.16 /RS,FII) SEUSTIM NIPLMM MIT SI a t01 04,46 ms,FID SEBASTIAN NIGKMCS MIT 17 01 601 00,46 /72S,FIl SEUSTIM NIGKW MIT 17 01 601 01.66 /72S.F11l SEBASTIAN IIIPLMDS UN17 17 02 601 00.44 /123,1117 SWIMNIVIIANDS toll 17 07 A01 01,46 mS,Fll7 SEBASTIAN NIMANDS MIT 17 01 601 01,16 m5,F117 SEUSIIAN NIVEMDS UNIT 17 a 601 08.46 m5,T117 SEBASTIAN NipLMVS UNIT 17 01 601 08,16 /725.1117 SEUSTIM HIMMM UNIT 17 12 601 01,16 /125,111] SESA571A4 N16r Aqt UNIT 17 16 610 04,4'• /5.1117 SEBASTIAN NIp1.MM UNIT 17 07 610 08,14 ms,Fill SEBASTIAN NIGKACS UNIT 17 OS 610 08,16 m5 ,FI17 SEUSIIM NiPLAN05 UNIT 17 06 610 01,46 /12s,F117 SEBASTIAN NIGKMDS UNIT 17 00 410 01.66 ,11U SEBASTIAN NIGKMDS MIT 17 10 610 08.46 f,f11] TIS m SEIAS110 NIGKAC5 UNIT 17 17 610 08,16 m5,F11 SEBASTIAN NIpIMM UNIT 17 11 610 01,16 2125.11171 SEBASTIAN NIGKMM UNIT 17 15 611 01.A6 mS,FIi7 SEBASTIAN NIGKMOS UNIT 17 06 611 04.4/ mS,FiII SEBASTIAN NIGILMDS UNIT 17 0B 09.46 2125,1117 SEUSTIM NIGKMM UNIT 17 It All 611 04,16 /5,1117 SEBASTIAN NI6KMM UNIT 17 12 611 04,16 /125,!717 SEUSTIM NIGKMM UNIT 17 1] All 01.46 m5.F117 SEBASTIAN NIPLAIDS MIT 17 .• IB l 08.14 /RS,Fll7 SEBASTIAN NIVLMM MIT 17 21 All 6 04,16 mS,F SEBASTIAN NIPLANDS MIT 17 27 611 /'F25,F11717 SEBASTIAN NIGKAVS UNIT 17 K All "4 ,At 01.4 /Y2s,F117 SEBASTIAN NIQ4.W MIT 17 27 l 00,44 rvu,FI17 SEBASTIAN NIVLMM MIT 17 21 611l A 08,16 m$,FI17 SEBASTIAN RIPIMDS MIT 17 71 611 00,44 SEBASTIAN NIPLADS MIT 17 A AIS 01.46 rr117 m$,F5,/117 SEWIIM NiPLA 05 UNIT 17 as Ill 01.46 M.S,Fl7 SEBASTIAN NIPLAN01 MIT 17 07 6fI 08,16 M.S,Fli7 SEBASTIAN NIPIANDS MIT Il at 617 08,44 ms.FlU SEBASTIAN NIPIMM UNIT 17 a 617 08, mS,F117p SEBASTIAN NIptADS UNIT 17 17 til 08,446 4 ms,1117tD YUSTIM NIPLMM UNIT 17 11 417 04,46 /82S.FI17N SEBASTIAN KIGKhvS MIT 17 22 620 01.44 2125l CD SEBASTIAN NIPLMM MIT 17 2S A 04.56 m4 11f � TIRO RACK NIPLMM UNI? FIR 1 04.51 frN.F114 O TIM RACK NIGKMM UNIT FIVE C 06,70 /N6,1113 rI T!" KKR NIPLARDS Pill FIVE A 08.10 T.S jl1) r - r 1A Of A PORTION IN SEWiTIM NIVLMOs PIT 17 N 77) EXHI9Ir 'A' VOLUME 14 - FTU 95 - SH.1 - FL -`AIM GRANT YARE1bVSf STRUCTURE_ Lots 5 through 13. 15 and 16 (less the Southwest 1Do feet for road Right -of -WAY, and less the Southeast 100 feet of the Northwest 176.30 feet of said Lot 7 for road Right- GrantyRevised Fro Lots g ThedCarrterall Survey. Township 30Plat and 31SSouth. Rangesion of The 3838 and 39F East. Brvard And Ine ePlat BookS2. page COUntl ", 14. St. Lucie County. FloridaePublicu Records. said Plat filed Said lands situate. lying and being in Indian River County. Florida and containing 82.50 acres, more or less. All acreage referred to herein is for informational Purposes only. EXHIBIT 'A' VOLUME 14 - FTC@ 96 - SH.2 - SEBASTIAN MODEL SITE All of LOTS 1 through 6. BLOCK 406 and TRACT -A' as shown on the Plat of SEBASTIAN HIGHLANDS UNIT 7 as recorded in Plat Book 6. Rag' 6 Of the Public Records of Indian River County. Florida. said lands situate. lying and being minethe City less, of Sebastian. Indian River County. Florida and containing 1.48 acres, All acreage referred to herein is for informational Purposes only. EXHIBIT 'A - VOLUME 15 - FTC# 99 - vms.4 - INORIO BLVD. AT 6TH AVE. (750) A portion of Sections 31 and 36. Township 33 South, Range 39 East. Indian River County, Florida. being bounded as follows: On the North by the South right -of -war line of INDIAN RIVER FARMS DRAINAGE DISTRICT RIGHT-OF-WAY (I.R.F.D.O.) J-4, on the Northeast by the Southwesterly right -of -WAY line of I.R.F.O.O. J-5. on the Southeast by the Northeasterly boundary of the Plat of 'VERO BEACH HIGHLANDS UNIT TWD'. as recorded In Plat Book 5, Page 77, Of the Public Records of the ary of Indian nlver County. Florida. and -VERO BEACH HIGHLANDS UNITnTHREE% aswrecord dest by h inNPlat eBook r Br Paged thePlat of37. of the Public Records of Indian River County. Florida. LESS AND EXCEPT that certain Parcel of land described in A Special Warranty Deed dated July 29, 1985, and recorded in Official Record Book 714, Page 445, of the Public Records of Indian River County, Florida. Said lands situate. lying and being in Indian River County. Florida and containing 22 acres, more or less. All acreage referred to herein is for informational purposes only. 0 O to N CD O CJI r w iJ ZIOIIIIT -A- VW.na 49 - TRV 137 - Sig• 73 - VISO SSosta SAST (75I) FAR= •A- TM Southeast 1/4 of the SeNheast 1/4 of Section 70, Township 73 South. Range 40 tan-, Indian R1ver County. Florida. . TARCII. •S• The North 30 acres of the Southaast 1/4 of the Northeast 3/4 of SetOtiou 31, TOhiP 33 South, Rema 10 Zest. Indl A River County, Florida, TOOZTM WITH that portion of the Io" the yL of the Southeast 1/4 of wand Southerly of the Plat id Section 31, lying rly Of e� S. RICR"T PO- SSORSS CIIIT 1 and the TS.rd d ZASS COAST 3, page OR, as recorded In Tat bet S. Page 53, of CM public Records of Zndlae Ricer Cooney. rlorsda. FAR,= C. All of aorertrsnt Lot 3, lying In Section 29, Twnehlp 33 South, Range So test. Indian u.ar County, Florida. PAR= D. All of taction 33. Township 33 South, Range 10 fast, Indian Ryer Nally Florida, LZIS AND ZZQTTI"a TKKpM ,0K that certain parcel of land •s described in Official Record sock 5S4, page 98, of the Public Records of Indian River county. Florida, and LlSf ell Plae of VSRO SNORn - MIT 0". as recorded in Plat Rook S. Page 51, of the Public Va rda of Indian Ryer County, Florida. LZSS AND =CtPTINO rRON AIS. of TA ADOrt Any State Road, lateral ditch, boat channel and any rights -of- ay of record. Said lands situate, lying and Wing In Indian River County, Florida and containing 2S3 arrear bre or lees. All acreage referred to herein is for informational purposes only. 0 O N CD c� CD U7 r r �+i.RR O �a1�M •Tl�l WP T. IT! MILL LIT[Ll[ lCTiKI K b 1[Cvr'+m n •l•T smc • l+R •• I TK MLR L(COtOf IM. owT+. R�iY. Kea riH.lm ) . a . r . 1a KOa KK.Lm 11 . b . N pC+4 a[L'alO1.RIR CR.>•TIOI Irocl+lo.rn Tvc)Im IILIa n. IIq f[T+iTir g11+rA ftRlel 11 of KtE1Oa 1. h•I ba I .•! Y I T1C MaRR •[NLO! v 1•eu. 11.0 cMM+.. halt KOC[ 11f.1m S. 1, S. • . e . tt . It . I! . 1• . is . 1. 1• . 11 tal)Ttr Ila.a.Ia1• fLCTn.I 1• Y Km0 1. h•T bel • M.t b O TIC MIRK Ia�at v Suit'..11.0 CMMn. ILRIY KM sll.lm • : it KOCK 11II.1m • • , T KOC{ •u.tm a . a . f . + • a . u . I) . la . t• ITS • O • 11 li . 11 . Is . 1• . V . t• . T . al . Rea B1.L • , Kea sls.lm s , a , • . a . t1 . ri Kea s11.LIR a , s . 1` Kea 1V.lm / . . { . . is .17 . 11 . T Kea sl•.lm a , : • . • . 1• . 11 . ll . 1*. i• Kea fl•Am sT.lm ! . a ) . 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"IY Kea SISAM a Kea 33[.ten Kea 131.1m 1• q 11 U 11 Sf:LSTir wtOl•.Of YRie+ Ia u Keo•0t9 Iw h•r fCd a 1•ee •3 I M /Ya1C a(CQei I I.Otr a1Kf IART., RPIIY flea StSAM It Kea SII.ITt l , • . 3.11 . I} . 14 . I) Kea fM.len ) , • , 1 U .11.1• Kea fn,tm 1 3 %TIw Iridt•wea 1RT10w IS a Kevecn Iw n•r fea a 1.1( •. v M ISa1l Ic Kt9ref lilr a1K1 fq•ITT. RItM Kea "TAM N Kea aSa.ltrtS n 1t1N11•w Mblap ><cTts H a KC Iw h•i feet f 1•e[ •S I M IaK it KCf1ft 1141r. sIK1 3wITT, RIiM KDa SSPAM la KIR. KS.afn 1 �C ICK}Y KKSe..c.T ({fKlr•,tal KKaoKn ,u.cstm IILfTIw MOl•IOf f[CTID• 1 C KN•Kf Iw h•T 3(>Q f MQ la I M r3KIC Rcl'DttK v twlr a1K1 cel3n., RaIY tea f.teT3 la Mea I},len ! 1W 1. lrtsaa IICTiew ! tl KCO•IID Iw h•T feta( f 1•D[ K I M IrIIC KMM v 1 E1. wlK tYY•tT. nv10a Kea )..len la KDa llaaen : KYSTiw wlf.lniOS mtw f tl KMD[D Iw h•T fea f wa[ IS! I M INtIC atRttD! O IaOlw KKl aaMlT, R>IY KDOt ISI.IOn 31 1RLiTiw wla.lra3f nTIO» 1 V KCPKf Iw har feet 1 IK TS I M hNI< aslatn Ct IweIW tl.a N.Mri. Rf1I10• Keal I)a.len n f!S•STIr MK• IICi1M u KCD•Ke Iw h•r feet ♦ !•a[ Ilnlr .IVO CWf*V, RMID• Kea nl.tfn !} KDOI M.IIn M II %TIr.1KU IIRIW •i KCTA C(D Iw R•T fC0[ ♦ !.(IC v 14)ir a1Kf cu•nT, Hato. Kaa }••,ten Koa Hawn 3• Koa Koa nr.tenACTS W ) Kw h}.ten 1? I 1 I Tri h lc atcalD3 is 31 I M h fc ICCarK RK KKSeh(wT Ca. Tl0 RKlOK01oC31Kf n.fW n. IVK i[f•Silr w101a.O3 IIRID•I 11 u K[a OCD Iw R•T fG't ) IaR 31 I M hlal l[ KfPtei ItOtw a1K1 Ceenlr, RealY KDa "SAM K KD[i UTAM n , M Kea K•.teR 1 Kea 3•S.avn I} Kea }a).aon }a Kaa a1l.aen } s • ! 1 I! . is Ia H II 1. IS ti KCP Iw h•, Ileo[ )tial: an I M h Ic wR Imlr t)K] �. "IY Kea SISAM a Kea 33[.ten Kea 131.1m 1• q 11 U 11 Sf:LSTir wtOl•.Of YRie+ Ia u Keo•0t9 Iw h•r fCd a 1•ee •3 I M /Ya1C a(CQei I I.Otr a1Kf IART., RPIIY flea StSAM It Kea SII.ITt l , • . 3.11 . I} . 14 . I) Kea fM.len ) , • , 1 U .11.1• Kea fn,tm 1 3 %TIw Iridt•wea 1RT10w IS a Kevecn Iw n•r fea a 1.1( •. v M ISa1l Ic Kt9ref lilr a1K1 fq•ITT. RItM Kea "TAM N Kea aSa.ltrtS n 1t1N11•w Mblap ><cTts H a KC Iw h•i feet f 1•e[ •S I M IaK it KCf1ft 1141r. sIK1 3wITT, RIiM KDa SSPAM la KIR. KS.afn 1 �C 40 Kea S••.lm 1 • ! • a • ' KOR f•L.Lbr! t • a Kea fN.lara 11 . t) • 13 • T hOt r..lm 1 • a hOn SII.Lm 11.11 - Kaa s•l.tm l Kan MAM 7 • 11 1} a O r la KWKE HL • • . It . V Ken a01.1m l . • • ) . • , 13 IT KRt "Am a ' KRi n.Lan It . Ia KOa •N.\m KOo, •v,am • . P .11.11.1• . 11 . it . 1• NOn 410.Im S KKIM •t1.LOM 1 . • . 0.11 • I} , is .14 r 1?. a• KOM Alts.lm S KeR •I..LM I- K= 117.lm a a . '• ! It I] • Il . Ia . IT . is T Ken Al«.aan T Kon 1b.La IS . IS •fle K.P ..I drll.01 } m1Ol 1 n KLV019 ,.. n.. •0aL 1 ..at «K•. KKL. 1. tte ATM Iblw aIK LP/r1, neer Kea Kea Kea IAM I . } . a , ) • ro. J•. I«f het i.lall 1 . 31w111. 31w111. WI MIMI t IW 11 Rtalaa3 s . .f R[Or0m N rL.r •Da • IaK M I M MLK hoa ..len 1 s iblar Itaa ta•r1•, Halt '• S • • • . 1• . It . 11 ft. •LL•Ti I • l • i . IS • KIWI aM.LML • - T hoot aAm S • „ hOt Ilan 1 • J • a • . • 3 • t KOo[ NOa HS.LOK 11•.Lpli 16 • • t 1 • } • 1 • • • i • • • • • . ll . 11 3. If Ken hea 1• t• l a Ken W A WQI.L 7 KOn LSL.LMS Y KCn 111.Lm Il • M T NOn Yl.tm ) • • . II . Il . 17 . i} . NOR Kant M.A m r•.L 21:1,%. • Il la IS . I• . I1 . t• NOR .LMI a . • . 11 . I! . . . hOa M) Sll.lm 1• KOR f)}.L 1: • • la Kft=1>7.LM KM. M1 SI1.lm it • Il . 7 . IS 1 . S . • • . 11 r 11 . IS . 1• . I) Is. 14. IS . T Kea faAm I! m 1: 2. f .. s . • . r . .. 1• .11.1! . 12 13 It 11. 71 .11.1• Kea S••.lm 1 • ! • a • ' KOR f•L.Lbr! t • a Kea fN.lara 11 . t) • 13 • T hOt r..lm 1 • a hOn SII.Lm 11.11 - Kaa s•l.tm l Kan MAM 7 • 11 1} a O r la KWKE HL • • . It . V Ken a01.1m l . • • ) . • , 13 IT KRt "Am a ' KRi n.Lan It . Ia KOa •N.\m KOo, •v,am • . P .11.11.1• . 11 . it . 1• NOn 410.Im S KKIM •t1.LOM 1 . • . 0.11 • I} , is .14 r 1?. a• KOM Alts.lm S KeR •I..LM I- K= 117.lm a a . '• ! It I] • Il . Ia . IT . is T Ken Al«.aan T Kon 1b.La IS . IS •fle K.P ..I drll.01 } m1Ol 1 n KLV019 ,.. n.. •0aL 1 ..at n v M h Ic O[aalO1 Iblw aIK LP/r1, neer Kea Kea Kea IAM I . } . a , ) • • . het i.lall 1 . I . a . s . 11 hoa ..len 1 ) . IS } • 7 . 3 • t • • • • . 1• . It . 11 ft. •LL•Ti I • l • i . IS • It • 11 . V • 1• . t• • T + KOt •.lan 1 . J . 1 h0a ft= A "4•3 hOt Ilan 1 • J • a • . • 3 • t SrrtaaKn .a•cl,m Idea n. 1«! Kat, K1a •Itaar03 Knlr 1 •i KtalKe ,• Ia.i •at,t 3 a1K T I M aLKIC K4fM e Ib,.. •IRi m.l.r., nalw OLO •.Lm 1• K00 KC+ n101YO3 KftIW } 11 KCCIKa 1• n11 Ya S •.O[ )1 I M •11•t IC Kco,e1 I Ib,. •IKa cKrr+. nrlr Kea Kea II.LMS• . It • t • • . 1• . 1! KOo, J).LOn t . a . . J 3 I . . . • IJ . H . N • V • 1• Kett Ken "Am T.Lm 1 • • • . • • 11 • IAl . b • , }1 NeCt M.1-1 } • 7 . 3 • t • • • • . 1• . It . 11 �.,lj^.µ:. K•n •LL•Ti I • l • i . IS • It • 11 . V • 1• . t• • T + 1 / . a • 1 • • • 3 • • • I • • • • . U h0a ft= A "4•3 }I Kea )I.Lm M 3. la K•d )I.aen 3. If hea 73.l•i1 Kat, Ka w101 KRIM Ali K[PItT 1• Mr •ea • 1W Ibt. KKa nl•lr•. R41Y KCIM I•.LMf 18 ft= )•.LMS } . 1 Kao KnO. IrIR�Of f}CIIOa .f KCTaCD 1.. n.L Oeet • la4 s Ib,r •IKt 0•I•r•, R41Y NOC1 IT.Lm Il Kea lu.am } Kan IMMa a . S Ken IKA.Lm f 13•.\m t• f= 1 . a Kao,= W11tA.\M I} ftoo,Isldm a ft= IY.Im la Raa ft= IY.Im l is I M •OKIC a1=0 t >. I M rlwa le IKCa•pf u 1• }1. T.T. M, IS 11 . It . 13 . 11 . If . 1• . 11 . Is . 19 . T !SKlK 2[T(t0..tr1 MbI.KF .. .. IIC16MO .vcann r(fe Mpl MIORYbf RCTior 1 u KaretD Ir rt.• m . � F s M nKit tfCVM tbl� UKS CWrI). Ro11F Kea . "Am 1 . ! • 1 . H . » 0,001 T.IOR f KMS KO]I AGIAMIs . » KOOUM I ".LM 21 OLOCE .IOK IS ft= KMS M.IOK I.ftoac • If . KOCt on 1 . ♦ . 2 • • . 11 9,00tt "Aon . Kea uawn IF lR1F 1 Y K Ir R.T m 2 I+i 1f S M F,Atlt KCQCS M iblM ti)211 CM«, ROI1F Kea 'Aarl • 1.. 11 . If 14 Kea IbaeTi 2 • t . ! KMt IS.IOK I ! e S 1 RLL R.'Ro..O1T C}/0•.)IF OMao.[2 botrzs Cttie+ lM nrait KCOIo2 .1 KCao[o Ir R.T m fIQ V M Kea }kaon • , ) Kea 1 KMS '#AO » Kea ».aT) "ACMI s Kea .LICK 1 KMi •1a . KOC[ KOOK M4 I Ka e "AAA « M 2 e S ,• M ggs l 1•(+n aKK0R1TIM .1•Kv3Le.[o »rc3trti re• T. I»3 fnL¢1 ffal.a)f vaet tmis f of K[?O}D 1" Ra) aaa •'1a[ > M fOaL it KR•el v r1w Own•. Rule. KCa NT.Im I . t • 1 . a . S . L . ) • a . 1 . If , 11.12 • 13 Kea In.lm 1 } . 3 . a f 1 . T . • • if 11 . IT I3 . la IS . It 1I It . 1♦ » KOa IM,lefs !1 Koa 111.1m 1. t. 3. a. S. 1. r. •. •.If Kea n1.lm 1 it i. a f. 1, T. •. 1, u KLICa )1Llm 1 . } • i . a . f . 1 . ) . • . ♦ . 11 . II • Il . is. IS. O . 11. V . U , 11 . IS, Kea T AVIS 31.312 KOOK H3.Lm 1 } , i t f / f • • • H II r 1} IS 10 . IS r H • V H H » Kea )1},lm }I . n Kea TM.Lm 1. 1. 1 • a • S, / • I • a • • • 11 • 11 . I! , Il . Ia . I! . if , V , 11 . H . }I Kea 714.lm ll • n , IS • K • a . K . IF . T . T . H , )t , Y . H , H r if • H , 1) , H » . waa Tw.lm al • a1 . b . K . b wea TI).Lm 1 • } • l • a • f • 1 • ) • • • 1 , If . Il . IS . n . Ia , If . 11 . IT . If . N , T K= 117,Lm 11 . }I • O , U . 11 r n , n r Ia r if Kaa TM.Lm 1 • } • 3 • a • S , 1 • r wOR rT,lm 1 • t r 1 r f . f • O r I • • 11 , it • IS r 11 if . V . 10 . H . T KK[ 711.Lm f! • n Kea 71011.0"S IT . 11 . la • If . 11 , IT . If . t1 . jr, . tl • n . n . H • T . T , n • T • T • H • 31 Kea 119.1.9sY H • S . H , ST • H . f• al • I} • 13 • k • f • Y , a1 r Y • N • H 31 ft=Ill.lm 1 . t • f • f • f . 1 • ) • • . f • If , 11 . t1 . 13 • 10 , If • If • IF . Is , 11 . » KOa 711•lm tl Kea Tn,lm 1 • t , 1 r a .' f • f . T . • 3 . IS. It . 12 . is . Il ft= )ISA" I • It • l . a . f • f . ) • • . 1 , 11 . 11 , 12. IS . la , If KOa Tia.lm 1 . } • 3 • a . f . • I . • . • , 11 , 11 . Is • 13 • Ia . If r It . V . IS OIL— 3If.Lm I r l • f . a f 1 . T • • . 1 . 11 . 11 . IS . 13 . Ia , If KOa TI I.Lm 1 • } . 3 . a • f . f . 1 . • • 1 . 1• . 11 . 13 . 13 . 1a . IS . 11 r 1) , la Il . T1 algia I11,Lm TI r n . n Kea IIT,LM 1 . t . i . a , S . a . ! • • , 1 • 10 , 11 . Il • 13 , to . 11 , 11 r II la • KOa IIT.LOtf tl SItK va..m3 fRKI f im T ai ftc a I. ft"T a J Vsa/; III OF M R Ic ""a"S s r1O+ Iggag T, Rv1Y K0a m"m H . it . u . IS • K . a• . 11 . al . IS • M . "S wtct al1,Lm 1. S. S. a. S sllKf fwlra s•an stc+Ia. n ai 1w 1. /LaI rK Stat ISS I M •31K IC Ku.K So, .1w Oaa1.1. RIa1r am IarO,lm 1 . 0 • If • to . T . If . 11 . n • T • T • T • IS, w.ol HH.Lm IS . 11 . Is . la . Is . 11 wv w..Lm 1 r f . .. 1 • 33 . If was I•u.LOff 4. 1 KOa I.33.Lm 1n . K . >• . w ft=IaH.lm 1 . 13 . 14 . la , n . H . T . T Df ••e � � {KsaL 3M1.0•RS.f (3�.Iaa3tP. � - `-: aCC1p0.0 • 1'O ' rp T• 199 1111 sew"?KD vg� =�•K[ IY M M ..flK KCRSS ! f0a 0• IMIIW •IKa a . ROAM KOOI ",! . a , I . • • Il . If • Is . I0 It n T IS. T . T ft=HI.LM 1 . 1 . IS , la . H . 11. T . . KOOK Hl.lm a • V. 1. . Il . IS . is. 11 • H . A". T KOOt w.lm 11. T . n . T - Kea W,lm I 8. 11.14 KOOt fafdm I . a . S • I . 11 13 a H 1T . L . 11. 11. t2. a . T KOOK W.lm1 KOQ W"'.lm t • • • • . 11 . 1I "Sm IT . Is. 19. T • It. n . n . T • n • M • T . H . 31 is. la KOOK a . f • 11 . n . H • . S�AKOat sM.lm H. u. H. T. K KOa fM.lm It . I a 1 • 3 1.10.11.1! IS . P . IS H . U . T . 31 n n » - KOUI f".Lm 1 3. • • • KOR fM.LM T . K . ST . T T . 3• • 31 ) I3 is IS • t1 •13.10. H • T • n . n • n • T • ri • » KOa Sq,LDn 1 • t . 3 • • • 1 • • . . KO00 sn.lm n. T.T.31.n KOOK 11"Am 1 . [ . S . a . f . • . 1.11.11•u,H,v.n.a,T.a.T•n.T.» K= SMA" H • . so KLSfIM "1010.03 llftllft IRS b KCPpCa I" RIf WOR 0Y[ So M .SK IC KOOIat w IMI" 0IVU1 OOHS. RO•IOL KOOt aM.%M 1 • MKYO3 SMIGw t b e KD 1" m,' seal f 1 IT M M TlK1t 3tCMD C' I.CIM a11C1 aOMT'. Ra1K KOOt n,lm la , ,• M ggs l 1•(+n aKK0R1TIM .1•Kv3Le.[o »rc3trti re• T. I»3 fnL¢1 ffal.a)f vaet tmis f of K[?O}D 1" Ra) aaa •'1a[ > M fOaL it KR•el v r1w Own•. Rule. KCa NT.Im I . t • 1 . a . S . L . ) • a . 1 . If , 11.12 • 13 Kea In.lm 1 } . 3 . a f 1 . T . • • if 11 . IT I3 . la IS . It 1I It . 1♦ » KOa IM,lefs !1 Koa 111.1m 1. t. 3. a. S. 1. r. •. •.If Kea n1.lm 1 it i. a f. 1, T. •. 1, u KLICa )1Llm 1 . } • i . a . f . 1 . ) . • . ♦ . 11 . II • Il . is. IS. O . 11. V . U , 11 . IS, Kea T AVIS 31.312 KOOK H3.Lm 1 } , i t f / f • • • H II r 1} IS 10 . IS r H • V H H » Kea )1},lm }I . n Kea TM.Lm 1. 1. 1 • a • S, / • I • a • • • 11 • 11 . I! , Il . Ia . I! . if , V , 11 . H . }I Kea 714.lm ll • n , IS • K • a . K . IF . T . T . H , )t , Y . H , H r if • H , 1) , H » . waa Tw.lm al • a1 . b . K . b wea TI).Lm 1 • } • l • a • f • 1 • ) • • • 1 , If . Il . IS . n . Ia , If . 11 . IT . If . N , T K= 117,Lm 11 . }I • O , U . 11 r n , n r Ia r if Kaa TM.Lm 1 • } • 3 • a • S , 1 • r wOR rT,lm 1 • t r 1 r f . f • O r I • • 11 , it • IS r 11 if . V . 10 . H . T KK[ 711.Lm f! • n Kea 71011.0"S IT . 11 . la • If . 11 , IT . If . t1 . jr, . tl • n . n . H • T . T , n • T • T • H • 31 Kea 119.1.9sY H • S . H , ST • H . f• al • I} • 13 • k • f • Y , a1 r Y • N • H 31 ft=Ill.lm 1 . t • f • f • f . 1 • ) • • . f • If , 11 . t1 . 13 • 10 , If • If • IF . Is , 11 . » KOa 711•lm tl Kea Tn,lm 1 • t , 1 r a .' f • f . T . • 3 . IS. It . 12 . is . Il ft= )ISA" I • It • l . a . f • f . ) • • . 1 , 11 . 11 , 12. IS . la , If KOa Tia.lm 1 . } • 3 • a . f . • I . • . • , 11 , 11 . Is • 13 • Ia . If r It . V . IS OIL— 3If.Lm I r l • f . a f 1 . T • • . 1 . 11 . 11 . IS . 13 . Ia , If KOa TI I.Lm 1 • } . 3 . a • f . f . 1 . • • 1 . 1• . 11 . 13 . 13 . 1a . IS . 11 r 1) , la Il . T1 algia I11,Lm TI r n . n Kea IIT,LM 1 . t . i . a , S . a . ! • • , 1 • 10 , 11 . Il • 13 , to . 11 , 11 r II la • KOa IIT.LOtf tl SItK va..m3 fRKI f im T ai ftc a I. ft"T a J Vsa/; III OF M R Ic ""a"S s r1O+ Iggag T, Rv1Y K0a m"m H . it . u . IS • K . a• . 11 . al . IS • M . "S wtct al1,Lm 1. S. S. a. S sllKf fwlra s•an stc+Ia. n ai 1w 1. /LaI rK Stat ISS I M •31K IC Ku.K So, .1w Oaa1.1. RIa1r am IarO,lm 1 . 0 • If • to . T . If . 11 . n • T • T • T • IS, w.ol HH.Lm IS . 11 . Is . la . Is . 11 wv w..Lm 1 r f . .. 1 • 33 . If was I•u.LOff 4. 1 KOa I.33.Lm 1n . K . >• . w ft=IaH.lm 1 . 13 . 14 . la , n . H . T . T Df IEGAr, LIS! INDIAN 1ttVEN COONV C yobaioisioe Name Lot Tract nlock �_Pe/Peae v/F' Lota 1-t t06 # 6/6 dabaatian-unit 7 - dD • 1, 3a°'5� 731213 92 HAR 30 r„ 9: 3)9 Teo S.F Ndiw. Mo uW w Prep by W •nrr rw diaS "m v f RECORD VERIFIED JEFFREY K. BARTON Pula McDoo.ld ahodet, &quirt CLERK CIRCUIT COURT Wd . Reale, Wrd. Emmanuel, INDIAN RIVER CO.. FU Smim A Cutler, P.A. P � 3„ ._ J•7 One HYbmr Plat. Tampa.FlarWx 33602 J3 Aol THIS SUBORDINATE MORTGAGE IS GIVEN PURSUANT TO A PLAY OF REORGA.N'IZATION CONFDL.MFD PURSUANT TO THE ORDER ISSUED BY THE UNTI-ED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF FLORIDA LN CASE NOS. 90.1=1-BKC-AJC, 9O-l"3LBKC-AJC, 90-12233-BKC-AJC, 90-1234-BKC-AJC, 90-123.SBKC-AJC, 90-12336-BKC-AJC, 90.12237-BKC-AJC ■nd 90. 12233-BKC-AJC, AND IS TIIEREFORE EXFITPT FROM DOCUMENTARY STANTP AND LNTANGIBL£ PERSONAL PROPERTY TAX LIABTLrrY PURSUANT TO SECTION 1146(C) OF THE UNITED STATES BA.N'KRUPrCY CODE. THIS SUBORDINATEMORTGAGEAND SECURITYAGREEMENT ('Subordinate Mortgage'), dated as of March 31, 199:, from GENERAL DEVELOPMENT CORPORATION, a Delaware corporation (the -Eompan -). and EN•NDRONITLNTAL QUALrrY LABORATORY, INCORPORATED, a Florida corporation CEQ Ub'), each having an office at 2601 South Bayshore Drive, Miami, Florida 33133, (the Company and EQ Lab being referred to collectively as the 'Mmtcapnn' and individually each 2 Wortgar ') to MANUFACTURERS HANOVER TRUST CONTPANY, a New York banking corporation, having an office at 270 Park Avenue, New York, New York 10017, as agent for the Banks (as hereinaller defined) ("Mortrap '). THE LIEN ON THE MORTGAGED PROPERTY GRANTED PURSUANT TO TFTLS SUBORDINATE MORTGA GE AND SECURITY AGREEMENT IS SUBORDINATE A`.D L%TMOR TO THE LIEN ON THE MORTGAGED PROPERTY SECURrgG THE WORKING CAPITAL AND TERM IRAN INDEBTEDNESS AAD ANY REPLAMTENT OF THE WORKING CAPITAL LOANS NOT TO EXCEED 520,000,000 OUTSTANDING AT ANY TIME AND TO THE LILNN SECURING THE DEFERRED ADMLN STRATIVE CLAIMS, IF ANY, AS DESCRIBED IN THE AGREL'NM-,T, AS DEFLNED HEREIN. W ITNN _SAH: %TTFAFAS, the Company is the owner in fee simple of the parcels of real property particularly described in Exhibit A-1 attached hereto and made a part hereof (the 'COmva0y LWd') and all buildings and improvements presently located dmreon: ro A arra T. Iw1.)er s c G.7 40 WHEREAS, EQ Lb is the owner in fee simple of the ptarcels of real property particuhrly described in Exhibit A-2 attached hereto and made a part hereof (the 'FO Tab Lud') and alt buildings and improvements presently located thereon; ,A-HEREAS. pursuant to that certain Secured Floating Rate Note Agreement dated of even date herewith (together with any and all modifications, amendments, replacernenb, renewals and extensions thereof, the 'Ogroemen ") executed by and among the Company. Mortgagee and certain Banks (as defined in the Agreement) (the 'Banks'), and pursuant to the Reorganization Pian (as defined in the Agreement) the Company shall issue aurin Secured Floating Rate Noes (u defined in the Agreement) to the Banks (together with any and all modifications, amendments, replacements, renewals and extensions thereof, the 'L(=') (alt capitalized terms not otherwise defined herein shall have the meaning given such terms in the Agreenent); WHEREAS. EQ Lab has executed certain Gua ntees dated of even date herewith for the benefit of each of the Banks guarantecing the payment and performance of the Company's obligations under the Notes, the Agreement and all other Secured Floating Rate Not Documents, as defined in the Agreement; WHEREAS, pursuant to the Reorganization Plan and the Agreement, it is required that the btortgagors provide, as collateral security for the payment of the Notes and Guarantee, a mortgage lien upon the Mortgaged Property (as such term is hereinafter defined). Now, THEREFORE, in consideration of the promises and the mutual covenants herein contained, Mortgagors hereby agree as fOliows: TO SECURE, a. all obligati ms of payment and performance by Mortgagors pursuant to the Notes and Guarantees, the terms of which are hereby made a part of this Subordinate Mortgage, including, without limitation, the repayment of principal and payment of interest thereon evidenced by the Notes (the foregoing being hereinafter collectively referred to as the 'Indd dress'), b. the payment and performance of all covenants, agreenrnts, obligations and liabilities of Mortgagors under or pursuant to the Agreement, this Subordinate Mortgage, and all other Secured Floating Rate Note Documents, and C. all future or additional Notes on future advances as described in Article 39 of this Subordimte Mortgage, Mortgagors hereby convey. grant, assign, transfer. mortgage and set over to Mortgagee, all of Mortgagors' right, title and interest in and to the following (collectively, the *MOnga" B==*): nnw r.n r+. nee AM n -2- a 0 N CO O O LEOt UST DOW ITO %WM _ - M all Olml , MITISION MMt to T7KT 11 nt"a 1 T 00,11 21..21.21, mmm.m........+.. m....n..n m.n..n mm�.. nm.......... o.+rm...mms..m..v.vm.......v..... smsiIM NIOIMOS UNIT IS es,100 71'75,11:7 /175 x:11c smiIM N117tum UNIT I r 1 00.11 tM,rll7 n,STIM NIOIMOS UNIT 1 1 01,15 SEMSTIM 11Otm UNIT 16 S57 01,15 /175,!117 SWSTIM O1plYM OMIT 16 0 517 01.15 05,11 7125 j117 a SMSTIM 1IOlM00 UNIT I u HW IWKi go; SEasu.MtN fW114 ila Fitly tEIt1T 11 ItNO RI0 1IOlMM wit OM / OS.n 05,21 Im KK1 NIOtum UNIT ME 1 44 es,21 ,r 1, Im�7t xIIA VE" 1:90 NIOI.MOS UNIT OR a 44 K.21 Tri,i 111 • " KKN 11O1MM W17 M11 OS 06 OS,n 7/7/x111 vm UE n NIOIMOS UNIT ME 06 07 OS." 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AIIt n.� LL1 YM...r4. w T r. V r.� r 1.'i.. •.� Yi 1•r � ar, V.� ti� � _ .� Nr� iN. — t{r�Y.10...4rr O./iI V•..r.Y^'.^ STATE OF FLORIDA UNIFORM COMMERCIAL CODE — FINANCING STATEMENT — FORM UCC -1 REV. tfft TMS I1ILl.1Q.10 ST•TFNCMi h y..w.M b • O.KI. b •1.9 prw/r1 b ll.. (a.b.. Cr+.+cV C%•! p!•rp. M1� �+. r.r .. r... M f•C! ,O.IO[ d.lr.G brrfx. .•r! CENM;AL DEVEZCPwZC , a . rw..r.•. C r.�y.w 1A R^iware corporation r.••.• .cnos 2601 S. Baysho¢e Drive on 2d.mi n.n FL 3 313 3-54 61 . •• •1r•.a• •• a, a .. •>: •.•�. .urf TC WIM .LV 11• • or. n•n w< MA`AIFPCIIIF>FSiS HA,`7C7JFR TRCST CWANY, a ZA New York pp��kkl]rr��qq co-poratim a agent for tie r cn Safe 2 attached �� and >mde apart hereof. 270 Average York New n'^ NY 10017-2070 uu.+u Mrxor.•.. r..n vwr.....rw 28 •.u+c .nota RE ,('ORD VERIFIED JEIFFREY K BARTON CLERK CIRCUIT COURT INDIAN RIVER CO, FLA .tYO+fI O. NOICD..w. r.+n •s..�.w�.. ti... .hb.•O•....T.rP .w..a .no•!ss v n t� N 111 14" 01, C..rr iTANWRD 1001ftl - FOP! IIC(T t.. ...o.o ••.r..t...�....+.� �.�. .—.�... �......... SEE EXHIBITS A-1, A-2, A-3, A-4 and B attached hereto and made a part hereof. • This financing statement covers fixtures. mN/'1 ' nn _ S_r•swrrrw,.�r rr�r.•.....mlmwma.! Yea _ _ 7. ..rw.�•.r•�.w�.r d b a rw. clerk _Of_oxcuit_R1 St,_IItS1Ln Rive =ILY__. 8 a. a.a r.i; .. rs��.T...�rw ��rtra.�. wr.�...r.r.�lcn rs r 28£ y -• • TO BER'.F, }EIS7SJ.IIt. IN 1�1U. o S(...•.. ate.•.+. a..� r� ..w �r RBO _ _ - 9.Tr.�....r..�nw.rv..��.... r.`..•...��M � 10. Ue •� a � cO�. tr „^,wr..r.nt.�r...�.r. ��.•.r'.V�ww. �a.y..ww.�.V.I. .�ar�...r�\^n L o �8 r�Nt.. m. 7C.....rr•�r w..w �� G. - r t.�... i..t .� t,�r T 7. 40..••11rCy � at1•otl. _ .. rr'•..•�, SEL SD29am Ply ATIACFID 111 14" 01, C..rr iTANWRD 1001ftl - FOP! IIC(T 1i.. Y• w i 1i.. Y• w M OI:T 71727lT: LLHI LIST 1XIM IITF7 COUNTY L.. 71K1 t[ M/TIIf T F SamIr1SIM NAR m......n..n.•rmmrrr.m.rnrnnr..m..nm.nnn..nm.mnn..n...nmmr. 05.100 ,,,,..... MV 117 SISAS71M MIOIAAAM 01(11 / i 1 5.11 /Tn 1117 SEW110 MIOIMM PIT I • • - 0 OS.II /m.rill SIVSAM RIOIRCS PIT t .. - A M.21 /r71,F11/ FAST M[MUT 11 TEMO KKM RIOIMCS UNIT WE A 05.21 T,S,FIfA TM Khn RIIOKAACS PIT WE 06 05.21 1".F111 TEn K"MIOKMM PIT PE 06 06 0S,24 /TS1111 TEMO KAU RIOKANOS UNIT ONE is 06 05.24 1",F1I/ TERO KKK MIaM05 PIT 01E 06 07 05.24 ",fit& TIRO 1110 KIOKMM PIT PK OS 07 05,24 /rlS.flll VM KALK MI;KAKI PIT ONE .2 07 05.21 TS,1111 TIRO KKK NIMAKS PIT PE 07 07 M.24 /".Flt/ IM KKK NIOKMCS PIT ONE 06 07 os.n MS,Flt/ TERO Kath Himm Pli ONE 05 70 05.71 /TS.FIIA TM KKM RIOKMCS PIT 110 in 05.17 /'r1S1117 SmIlM RIOUICS PIT S M 111 05.11 MWI17 SUASITI11 MIOKAICS PIT S M in 05,17 T.S,Flll UUSTIM RIMANDS PIT S 01 A 01,01 rm,Fill SEUSTIM MIOKMM PIT 7 1.7 06.17 /TJI13 SEUSTIAm XIGIMOS PIT 1 1 01,17 /TS.r117 StU511M XIMANDS PIT 1 t 06,13 rM.1111 SMIlM X14KMOS MIT 1 117 %.17 /r25,r117 SEUSTIAN XIMANN MIT I p7 A 06,34 /TS.rlll SEUSTIM XIS7KMM PIT 1 0 All 06,34 /rI5.r113 SEIASIIM MIOKMCS PIT S 112 06.34 MS,F117 SEIASTIM MIOKMM PIT 1 09 A -A Fit) 16-,55 1'11 7 01,51 rm.Flll SEIASIIM MIOKMOS PIT 10 t 07,55 rTS,r1:7 SEUSIIM MIOKMOS PIT 11 0 0.1.51 rm.Flil SEUSTIM MIOIMM PIT II E 07,5& /TS.rll7 SEKASTIM RIOKMOS PIT It / 212 07.5. MIJ141 SEUSTIM KIPLARM PIT 11 1 212 07,5& /TS3,F111 SEIASTIM XIOKMOS MIT 11II 341 07,51 rrn,F117� SEUSTIM MIDKMM PIT 11 A 07.57 /YS7,r1UO UJASIAIN HIMAN7S PIT 12 1 07,57 MI.FMI-D SEIASTIM MIMA M PIT 12 Iso 07,57 A'25,F113fV SEUSTIM MIOKMM PIT 12 57 110 07,57 MS,F117O SEUSTIM MIOIRCS PIT 17 i1 01,57 /1251111 SESASIIM MIMMS P11 12 61110 E 07,12 /TS,FI17 CJ MUSTIM MIOKMCS PIT 17 WA-� 777 07.12 /TS.Flll Si4STIM MIDI -MCS MIT 17 ti 777 07,n rm.F 117 SEUSTIM M16KMM PIT 17 17 A 01,71 /TI.F I14 TEM" KKK NIOKM S PIT FPR E 00.71 M6,1`114 TEMO BE KM NIKMCS MIT FOM 0 06.71 ",Tl!A TU0 KlU NIOUNCS PIT FOM F 01.70 MS. FI to TEM KKIN NIOKMCS PIT Fox F 05,71 TVIIA TEMO KKOI Ml4KM75 POi FMX A 01,71 /R2S.FlIA RMO SIKX MILIANM PIT FPA N 01,71 MVIIA TEMO KKR NISKMM PIT FOA A 04,11 /TS.F; IA TEta KKR M14KM95 PIT 11KEE .. 0 01143 M5,FI II SIUSIIM RISIKMM PIT 11 E 01,11 /v25,r 117 SCUSIIM MINKMM V11 Is S 01.11 m1i17 SEIASTIM RIOKMCS PIT IS IM4•" 1 "As /m1w SEUSIIM 111OUN05 oil 16 SS2 a./s ".r 111 SIUSTIM 111OKMgS PIT 11 11 5&7 41.1s".,IoMUSitM N1M1l1Ms WIT IS IM u WWI uZ ' !C!! --�— wlAIC.CV IRI•errrl•LLWY•al•lr•Tr'Vn'�r, ! Ir r rr. M,re1 MTV• ✓W F• M sea ] �.rw ar•... r.....r�...+.++••'n^ STATE OF FLORIDA UNIFORM COMMERCIAL CODE - STATEMENT Tr�a nwaeCiMe rt>nrern N rr•rer• Y ! nM !r•> _.,•1 -...rte........, r..r. +.-l.s-.... �,�.•..umYV••YM rw O...r/F v v....v •.• F r•> VrF t..v. ..r _____ OF CHANGE FORM M UCo�•RErV. 19/8 M Is1 •.•!,r•'n na wa•a ulara.ra ana. .• w �f' rrl GENERAL D6VEIAPlff11'f CORPOAATIONr 15. laves a uoirtn wm %o•AYn.rl 7' to a oelavare Corporation W L•N •aL1f �1 3601 S. Bayahore Drive J- �. Kieml M•n FL 33133-5461 M.M1ORl glrO! Mwn arr.:rw. n: RECORD VERIFIED N 51 •Aril SS SCHEIAILE 1 ATTACHED HEREM AND HAD JEFFREY K. BARTON A PAA, HEREOF FOR ADDITIONAL DEBTORS CLERK CIRCUIT COURT r i IS INDIAN RrvER CO., FLA an vn .w•r�l Ylra n. wa ,u�wr.. ••••�'• .•rR 1C u•;n9 •CORY �• !f•fl ti TRUST CCKPANYr a er York orporaR Nee YDrk benkin corporation as a99eat for ae _ 2 t heched 3A the Vries listed on S=de reof "8'°0•!!! hereto and Leede a part hereof •�.• _ 370 Perk Avenue r n•• n•n 10017-2070_ Nee York _ - --- ---- --° uKnRl rlCV.IO.•rl• r •n.l ,rw.•r.w•r•�a+ •lT•ry.. .rw•rc+ W V•ul 2B .r•M1..a •CORu C ❑ C.�+F rn..r••...�.•.�....�.+.e...nwr•..m��Y... �......�..........w... wr F+.,..r s. • ew �.. r...�...�..• r•.w r.r.. m... �.. T. O rr..w..•. rwl�.r..v.�.�•.r.r..o�w�.+i,..r...w,rr...F.r••.,��.. a. E raw,+••.�a.w.�•l�wr.....w.,r,..r�++F.r rr..... rrlwr•ro.�rr..�.•...r,. 10. 7na•.r NF.�.u••�••r r. •ws r•r+••o'a mire llwrlr H. •w �.•�.+. rum •F�.r r.�P.. n. E H= A ATDQDD lm= AND HERESY HAZE A PART REIDDF. SIGIO`= rY.•+.r •.... 14. wWrmrulra a•rarw+....r. oma. rr - ..ICK em tinl n.r•+ 5 ,0 SEE INRE PALL ATTACHED AND KADE A PART HEREOF 15. laves a uoirtn wm %o•AYn.rl d_^= 87Y DO M� W rpm -r �a , STANDAR" FORM -FORle ACOA .•�.wlrm.alrrY.rw.... AI MMM Olean COPF µHWM' ,..)er��.+•..y„ _ ��".`w.m��i�"�'_:ar'�-� .....a. _.��. ", tY !1CY.t�xT.. -. .. aR-"^`�.^3"�"• :T� �s.�'nf.�z+�+S _'•K�'�'. .--. ��� --'M i SCHEDULE 2 TO THAT CERTAIN UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND ATTACHED HERETO BTORS, AND MAOSE PARTIES NUFACTURERSLISTED HANOVER TRUSTIN SCHEDULE COMPANY, A NEW AYORKK BANIaNG CORPORATION, AGENT FOR THOSE CREDITORS LISTED BELOW, AS THE SECURED PSOF MCH 3 HAR1,,01992, AMONGCAPITAL THE DFBTORSLOND AGREEMENTENT DATED A CREDITORS NAMED HEREIN. 1. Manufacturers Hanover Trust Company 270 Park Avenue New York, New York 10017 2. Chemical Bank 277 Park Avenue New York, New York 10172 3. NCNB National Bank of Florida 400 North Ashley Drive Tampa, Florida 33602 4. NationsBank of Georgia. N.A., f/k/a The Citizens and Southam National Bank 400 North Ashley Drive Tampa, Florida 33602 5. The Bank of New York One Wall Street New York, New York 10286 6. Midland Bank PLC, New York Branch 156 West 56th Street New York, New York 10019 7, Carteret Savings Bank, F.A. 10 Waterview Boulevard Parsippany, New Jersey 07054 S. Berliner Handels-Und Frankfurter Bank 55 Fast 59th Street New York, New York 10022 Aim s OR 40 • [WORKING CAPITAL AND TERM LOAN] EXHIBIT A to the UCC -3 Statement of Change emending the UCC -1 Financing Statement naming General Development Corporation, a Delaware corporation, and other parties named therein, as Debtors and Manufacturers Hanover Trust Company, a New York banking corporation, as Agent, as Secured Party ('Financing Statement'). The Financing Statement is hereby emended as follows: 1. Debtor. The name of one of the Debtors, General Development Corporation, a Delaware corporation, Is changed to 'Atlantic Gulf Communities Corporation', a Delaware corporation. 2. Secured Pam. The name and address of the Secured Party are changed to "Chemical Bank, a New York banking corporation, as Agent for those parties listed on Schedule 2 attached hereto and made a part hereof, 200 Jericho Quadrangle, Jericho, N.Y. 11753.' �e72M "016197.3 a. Item 1 of Schedule 2 is replaced In Its entirety with the following: Manufacturers Hanover Trust Company, now known as Chemical Bank 270 Park Avenue New York, New York 10017 b. Item 2 of Schedule 2 Is replaced In Its entirety with the following: Chemical Bank 270 Park Avenue New York, New York 10017 C. Add the following to the end of Schedule 2: 'AND THEIR SUCCESSORS AND ASSIGNS' d. The word "CORPORATIONS' on line 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 Is deleted and replaced with 'CORPORATION,". e. The word 'BELOW" on line 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 Is deleted and replaced with 'IN SCHEDULE 2 ATTACHED HERETO'. M • Insert as the last pamgroph In Exhibits A-1 and A-3 the following: Provided, however, the collateral comprising fixtures Includes only those fixtures located on the Real Property described in, and encumbered by, the Mortgages, as the terms 'Real Property' and 'Mortgages' are defined in Exhibit A-3 to this Financing Statement. g, In Exhibit A-2, the words 'therefrom, reserves and credit balances arising- are inserted on line 6 of the last paragraph between the words 'arising- and -thereunder'. h. On line 3 of the definition for 'Claims Disbursement Account' found In Exhibit A-4, a '1' is inserted after the words 'Reorganization Plan', and 'Section 2.13' Is deleted and replaced with 'Article 1'. I. On the last line of the definition of 'Excluded Property' in Exhibit A-4, the following Is Inserted between the words 'personal property,' and 'and the Trust Property' and ell Homesite Contracts Receivable arising from the sale of such real and personal property If and to the extent that the agreements now existing with respect to such Liens require that Cumberland Cove, Inc. grant Liens In such Homesite Contracts Receivable to First Union, J, On line 4 of the definition of 'Llan' In Exhibit A-4, 'lease- Is deleted and replaced with 'Financing Lease'. v It. The following Is added to the list of definitions In Exhibit A-4: 'Financina Lease': any lease of property, real or personal, the obligations of the lessee In respect of which are required In accordance with the generally accepted accounting principles In the United States of America to be capitalized on a consolidated balance sheet of Debtor and its subsidiaries. o c. CD _ Trnerrr.s , wirt ewa Au.rV'wAI�OR..lwn•••r.n. n+arr.+•rrrlr,nw.I P.er<ww �.,��, =.� lei. aia 3Cr•r.rl0vrraw.Yr�rr'�` ---------OF FLORIDA --- OF CHANGE—FORM UCC -3 REV. 1%9 UNIFORM COMMERCIAL LODE—STATEMENT ww.uAwwti,,,.rer- � TXR rlwalrewO ttATill[NT r A•r'e•e w . ee.n •fllrr wr aM rw•.r+ ...�. 5 s15ICNAI9RE PACZ ATIAQtID R}:°` "- Atm ?=I: A PARE maxr //N ...r—�....�.. 39 Ib.1 ST"DaaO Fp11Y—EOMI VCGt .w.awa.e.rrr�Y..rn..Y RI Rana Oekw Cap orRa u. r...... ...t GL'•IEpALRAL Di•7>'..OPL1= CORPORATIOtt, 1A a Delaware cosporatian J _ ...a}.a.oam J 2601 S. Sayehoze Drive fV u.. Hiami R.n TL ]]1]]-$461 CORD VERIFreD n.rn u••••••••••••�•• JEFFREY K RWTON EF cn A SFl IOLC 1 ASTACI{::D tD71FT0 lm 70 1D S COURT S #1I MZVX CST 18 A PART HEAffi TOR ADDrTlc AL DEBTORS MV" prat CO- FLA Aua.o Aaoo .Aw 1C r.a.a ADO[a1 •,v a c b� RM r— rc�.AA^ AC UR r A wrw HOAR N 315 FLAorporaR TAD ST COMPANY, a S .A..T YorkFba:kl New York Mnkinaa eorporatlon an agent for ZA tM nazcSen 1lafed on Schedule 2 attached a hes f .,o. _ ......E .oa..w hereto and made Past 270 Park Avenue rn' Rev York RAS My 10017-2070 e w.�ruanee..... nA+n .a w:.w ...:�. .u.o..o+...er•�o+ +.w 29 .Aanq ARI[Y Cn RAR n•'••'^ ..... O.R Book 929 Pane 1]013. - yn P1 k 1 i fnta� n.Tr..s�w....«rw..0.r.t.1..Yr�/..Y.pY.'�r.i.rr�r.. A. ❑ e.��w «..r���. r..�r..r er.r t lerr nor r.. �.•s.r.�w.a 3. ❑ .�.r w +r www..ww _ T Inr./ arY. •Ir rr w wq Lrr. r. r ^r. !. ❑� n. `I n. Yr.rr «rr..Y�r•.. r�w.n.ww.w. r.t,. T. ❑ MA.Tw11. Y/W�..M.7YIV.«N.rs�l..�.r..�Y.��.•.r�'�Ir�....rrw..M,. M..�. a. s YTr• r.w.Fr.. �.�w�...�r.. r�Y1Y M ,t nf.r.IPrn...r�rr. . 4r rf. Y14 rrr ir..• „r..«Y.'T �.Yr1r,.Y�nr ✓•� Q v ❑ ,.� er.r r.ti r�.F«Y•r. Yv.. L 11. ..w wr.+.r. we.rw► r.w..Y. n. C� SFE EX== A ATIP= RUM AND REREBY !ACS A PART EE71QF. � ...�. 5 s15ICNAI9RE PACZ ATIAQtID R}:°` "- Atm ?=I: A PARE maxr //N ...r—�....�.. 39 Ib.1 ST"DaaO Fp11Y—EOMI VCGt .w.awa.e.rrr�Y..rn..Y RI Rana Oekw Cap SIGNATURE PAGE TO THE UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVE OPMEN'I' CORPORATION, A DELAWARE CORPORATION, AND OTHER PARTIES LISTED IN SCHEDULE 1 HERETO, AS DEBTORS. AND MANUFACIVRERS HANOVER TRUST COMPANY, A NEW YORK RANKING CORPORATION, AGENT FOR THOSE CREDITORS LIST -ED IN SCHEDULE 2 HERETO, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMlWr DATED AS OF MARCH 31, 1992 AMONG DEBTORS AND CREDITORS NAMED HEREIN. DEBTORS: ATLANTIC GULF COMMUNITIES CORPORATION, Okh General DenkpTent Corporation. a Delawam corporation Margarcr . GrafT, its Senior Vice President and Trc mrr CUMBERLAND COVE, INC., a Tqr&me corporation BJLd 4Y = Namc-M.4i�aret A. Graff rue: VY A T. �'Af ENVIRONMENTAL QUALITY LABORATORY. INCORPORATED, a Florida Corporation By I Margaret' . GrarT Vice President and Treasurer FLORIDA HOME FINDERS, INC., a'da Corporation BY: m= A. Gran o Via P A. and Treasurer v' n 0 wlw.r J C'� • SCIIEDULE 2 TO THE UCC -3 STATEMENT OF CHANGE, NAMING GENERAL DEVELOPMENT CORPORATION, A DELAWARE CORPORATION, AND THOSE PARTIES LISTED IN SCHEDULE I ATTACHED HERETO, AS DEBTORS, AND MANUFACTURERS HANOVER TRUST COMPANY, A NEW YORK BANKING CORPORATION, AGENT FOR THOSE CREDITORS LISTED BELOW, AS SECURED PARTY, PURSUANT TO THAT CERTAIN SECURED FLOATING RATE NOTE AGREEMENT DATED AS OF MARCH 31, 1992- AMONG THE DEBTORS AND CREDITORS NAMED HEREIN. M" n 1. Manufacturers Hanover Trust Company 270 Park Avenue New York, New York 10017 2. Chemical Bank 277 Park Avenue New York New York 10172 3. NCNB National Bank of Florida 400 North Ashley Drive Tampa, Florida 33602 4. NationsBank of Georgia, N.A., Okla The Ci��Ls and Southern National Bank 400 North Ashley Drive Tampa, Florida 33602 5. Pearl Street L.P. 85 Broad Street, 27th Floor New York, New York 10004 6. Midland Bank PLC, New York Branch 156 West 56th Street New York. New York 10019 7. Cartuct Savings Bank F.A. 10 Watvview Boulevard Parsippany. New Jersey 07054 8. Berliner Handels-Und Frankfurter Bank 55 East 59th Street New York, New York 10022 aw do n [SECURED FLOATING RATE NOTE] EXHIBIT A to the UCC -3 Statement of Change amending the UCC -1 Fxencirg Statement naming General Development Corporation, a Delaware corporation. and other Parties rated therein. as Debtor and Manufacturers Hanover Trust Compary. a New York banking corporation. as Agent, as Seared Party I-Fmmring statarrent']. The Financing Statement Is herelry amended as follows: 1. )moi, The name of one of the Debtors. Genre Development Corporation. a Delaware corporation, is lunged to "Atlantic Gulf Communities Corporation'. a Delaware corporation. 2. Secured.PAIDC. The name and address of the Secured Party aro charged to 'Chemical Bank, a New York banking corporation, as Agent for those parties fisted on Schedule 2 attached hereto and made a part hereof, 200 Jericho DuednMte..bricho. N.Y. 11753.' e. Item 1 of Schedule 2 is replaced in its entirety with the lodowig• Manufacturers Hanover Trust Company, now known as Chemical Bank 270 Park Avenue New York, New York 10017 b. Item 2 of ScledJe 2 is replaced in its entirety with the followig: Chemical Bank 270 Park Avaae New York, New York 10017 C. Add the fo'.nowing to the end of Schedule 2: 'AND THEIR SUCCESSORS AND ASSIGNS' d. The word 'CORPORATIONS' on lie 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 Is deleted and replaced with 'CORPORATION. a. The word 'BELOW' on ire 5 of the heading in Exhibits A-1, A-2, A-3 and A-4 is deleted and replaced with 'IN SCHEDULE 2 ATTACHED HERETO'. f. On fine 8 of the fest paragraph below the hsadrq n Eith,b'rt A-1, the word 'Subordinate' Is inserted prior to 'Pa sor ►ro"ty Sserrhy g. In Exhibit A-1, Paragraph h. Is deleted. and Prsgrapfs 1. and j we ralatterod to bacon Pxsprsp►s h. and i., fespectivelY, provided, however, the deletion of peragrsph h. does not remove fixtures from the fang. and £ochres Own continue to be kckded n the frog as art forth on Ext bits A-1 and A-3 to the otgkuf financing statement being amerdod by this UCC -1 40 40 wMIW h. The following is inserted as the last paragraph in Exhibits A-1 and A-3: Provided, however, the collateral comprising fixtures Includes orgy those fixhres located on the Red Property described in. and enambered by. the Mortgages. as the terms 'Real Property' and 'Mortgages' are defined in Exhibit A-3 to the Fwmx* g Stat rme tt. L n Exhibit A-2, the words 'reserves end credit balances wisvg thereunder' are inserted on fine 6 of the lest paragraph between the words 'dw from.' and 'and all cash'. 1. In the first paragraph below the heading in Exhibit Aa, the word 'Subordinate' is inserted in front of the words 'Mortgage and Secrhy Agreement' on fine 7. end tie word 'Subordinate' is nsm t n front of 'Deed of That and Security Agreement' on fine 9. t On fine 3 of the defirition for'Claims Disbursement Account' found in Exhibit A-4, a ')' is inserted after the wads 'Reorganization Plan'. and 'Section 2.13' is deleted and replaced with 'Article I'. 1. The following is asserted in the definition of 'Excluded Property' in Exhibit A-4 on the last fine, between the words 'personal property.' and 'and the That Property' and ell Hanesite Contracts Reeewabte a+isk from the sale of such real and personal property if and to the extent that the egreernents now existing with respect to such Lianas require that Curnberfad Can, fn c. grant tors in such Homeshe Conoacts Receivable to Fist union, M. On fine 4 of the dafrtition of 'Lien' in Exhibit A-4,'cofWerrat' is deleted and replaced with *conditional'. and lease' is replaced with'Froneing Lease.' n. The following is added to the fist of definitions; in Exhibit A-4: 'Financino Lease': any base of property, real or personal, the obligations of the lessee in mspxt of -lith ars required in aceordn" with the generally accepted accenting principles in the LWrted State of Arnancs to be capitaraed on a consolidated We ce sheet of Debtor and its Subsidiaries - 0. In the definition of 'Reserve Acco rrts' in Exhibit A-4, the word proposed' is inserted prior to the wads 'DrviSiOn Sectrities' an ire 9, and the words 'to be executed after the Effective Dae' are inserted after the word "Agreement' on fine 13. P. On line 2 of the definition of'rru st Property' in Exhibit Ai, the number '06-01-00999-082101' is deleted and replaced with *0"1-00-5082101".