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MAURICE THAYER ~.j \ \ ct-\,.'k \J,jli , I I CITY DF CLEARWATER DEED OF CONVEYANCE / ~) I I / 4- !?~.~j -->"---.- STATE OF FLORIDA } t?P"f ?,;, I ~ J()rf- /1/ Y re; All of B1oo. 1'1.. (.1) "nil olPuk .~ol JIn. Suah Jte. .11. ..'. ..wl......L-:' ....N1M.. ... . to. .._... "'l.&t the....,. '. A' r..el"ded 1a Plat . .. 1 J!Ip .11, Pbella. c...t,. R_rd8 1... th. But rift? ,..1 (110') tile....' .Qd nhJeot to .lpt .f Vay 0' the _110 t.......u.... acro..th.lorthel'l, poI1:1.. tll8,.eo' .bewa uC1e..1ucl at.._t, 41.. nbjeot to tile 11Q'ht .fWayo' the "'11.0 .,...pta,.. aon..th. s.uthul, PN't1on tile,.', bMa... Puklt....t1 .it_t., ln-. aacl bel.. ill P.bel1uCo1lllt, .state.f nor da. 1.0. l., 11. .Y.. (11)_ SWlft . (11). Bloek J~ J!eaaol1a ParkS_cU...l.10. aocer..cUacr t. -'. ....1'.,14. .tt. tile. 1'''' .. recol'UCl 1. Plat Ieokl, '.... .', PUlle 1""., Hael1a. Coat,., P10,.1da, . TOGETHER WITH all and singular the tenements, hereditaments and appurtenances thereunto belonging or appertaining; and every right, title or interest, legal or eqUitable, of tj:Le said party of the first part of, in and to the same. TO HAVE AND TO HOLD' the same unto the said parL_7,...... of the second part, ...Jl1..., heirs and assigns, to ...hi..... own proper use, benefit and behoof forever. ' IN WITNESS WHEREOF,. the said party of the first part has caused these presents to be executed in its name by its City Manager and City Auditor and Clerk, countersigned 'by its Mayor-Commissioner, and its .corporate seal to be hereunto attached, the day and year first above written.' Countersigned: CITY OF CLEARWATER, FLORIDA (s) James R. Stewart By ;. ""..",c.,.....,~.."..,..,...",.."..m________...."".,.,m,...........,..,__.,.._...,....,,.......m City Manager (s) Alex D. Finch (s) R. G. Whitehead Mayor-Commissioner City ~\oo~ Clerk Signed, sealed and delivered in presence of: p----------------------:----------------------------------------------------------------------------- ~-------------------------------------------------------------------------------------------------------- Approved as to form and correctness ; (s) H. H. Baskin, Jr. City Attorney STATE OF FLORIDA } COUNTY OF PINELLAS . . I HEREY.i::jIFi ~ Tm~.~_.,...--.CJ;.--ntt~~~_...j.;..-,Jf:~9.....~,t before me person- ~~:P:~J::[;dC"i'ty.~M.~~ag;;.~~.~C'ity ..... aJ.cle~k~~d...rYiay.o.;:~C;;~~.~.~'i~ri.e~.-;;i'-th-e'.C'ity.;;T.c-j~a;;at~~~..~~rii.~ipai.'.~~.~I;;~~ti;;ri existing under the laws of th~tate ~f Florida, t~e known to be the .inj.ividuals and officers described in and who executed the . ....~.. B. ~7er. a .t.v~e .... foregoIng ,conveyance to.___.,...,....__.,----'.-..,.m..m...,...,...,_.....,_......".m.___...,..__._.__m'___,..,'...,..__,.._____.,...."..".....''__'____..,....",..."..____.____...".".",...,...,..,.'",.. _....m...............,..,_..mm_........__.........__c.....c____..c..............,.and severally acknowledged the execution thereof to be their free act and deed as such officers thereunto duly authorized; and that the official seal of said municipal corporation is duly affixed thereto, and the said convey- anCe is the act and deed of said corporation. WITNESS my signature and official seal at Clearwater in the County of Pinellas and State of Florida, the day and year last above written. Notary Public State of Florida at Large. My Commission Expires: /';)~OI8-01 f-/3) --T-- ~ ",,'. ~ ~ " f ~,o ,0 (,,(,,~- TUTBLANX REGISTERED U.S_t:-'ATOFFICE FORM Uo; WA~NIT O'W_""iJ]-' 602943A Tu"'eL,wprm.tP.Ub~Shers.R..UI/anci..I1... ~:::r ~bjg linbl'ntJrr O.R. 6tll Pi.GE 90 Madne this ~ r- -- day of Ju I y A. D. 1959 etween J. L. LOVITZ STORES, INC., a Florida Corporation of the County of Pine II as in the State of F lor Ida partl es of the first part, and FLORIDA, a CITY OF CLEARWATER/MUNICIPAL CORPORATION of the County of Pine II as in the State of F lor Ida partl~s of the second part, WItnesseth., that the said part i es of the first part, for and in consideration oj' the sum of-"'ONE DOLLAR AND OTHER VALUABLE CONSIDERATIONS--- Dollars, to them in hand paid by the said part I es of the second part, the receipt whereof is hereby acknowledted, have tranted, bartaincd and sold to the said partj es of the second part, the i r . heirs and assigns forever, the following described land, situate, lying and being in t;he County of Pine II as , State of Florida, to wit: All of Block 5 North of Park Street of MRS. SARAH McMULLEN'S SUBDIVISION, according to the map or plat thereof as recorded in Plat Book I, Page 41 of the Publ ic Records of Pinel las County; LESS the East 50 feet thereof, and subject to the right of way of the public thoroughfare across the Northerly portion thereof, known as Cleveland Street; also subject to the right of way of the publ ie thoroughfare across the Southerly portion thereof, known as Park Street; ,~ t"~'j SUBJECT to a Mortgage in the amount of $8,480.00 to MARGARET C. SHANNON over the East 36.6 feet of the West 136.6 feet of the North J25 feet of Block 5 and dated September 25, 1958, which the Purchasers assume and agree to pay. r.q. ffi :c 0... r-- ) c.:i 1.; oo::.t SUBJECT to a Mortgage to PAUL F. RANDOLPH in the amount of $25,000.00 over the remaining property, which the Purchasers assume and agree to pay. =-' _..;:) -:I And the said partl es of the first part do hereby fully warrant the title to said land, and will defend the same against the lawj'u.l claims of all persons wh01nsoever. In Witness Whereof., the said part I es of the first part ha ve hereunto .'let the i r hand s and seals the day and year first above written. Signed, Seale~ ,and Delivered if! Our Presence: ATTEST, ~. .~. ~~ . , Secr ary ~-:~J-. ~O~lt~T~~ INC....... ._ ~~sjdent . . ------------,--------------~.~~ ~.} .. ~.taie of Florid~ } CbuntyoL.P.inellas . ....__ .. ;.:~'W..l.iUEREBY CERTIFY, That on this day personally appeared before rne, an '~"~lfmotJrf:f1.~l}1 authorized to administer oaths and take acknowledgments, <':~'.'7;~"....4 "'" . .. . and PHYLL IS V LO_V I TZ. Secretary - ~,,"~\,;~UJ;-hU~t., LOV I TZ, Pres I den~/ of J. L. LOV IIZ STORES, I NC. : .It:b';JiJ:~_1iY'ezl known and known to me to be the individual described in and who l:e~edul'~a. iiui foregoing deed, and h.aYe acknowledged before me that J (t h~y eX"F!,cuted the same freely and voluntarily for the purposes therein expressed. ....,... Wrr~ss my hand and official seal at; C I ear~ater . ~r# "f~iqou,nty 'of Pine II as ' and State of Flonda, th~s .z, / ..... 'day of Ju I y , A. D. 1959 . ~ /",,"----:: '" - - - ~~-,-, My Comm.ission Expire.,; __.___ __~..___~__~_..___~~_._.. tary Public Nctcrv Public, St(j'e~,i c:c;rido 0 ~ :., ,':'~, Mv '"~A,,;'ntSS'on t~:o{;:);r2~ -....,.."';. . 4 I 'ndedby AmerlCCJ', .:'ur<,ry :.:': r-i ~~ ,', /0 J \ c ""''t''''\ Ci) ~-:2 ~.- c.':: :--. .::. 1"4"') t.() -.-.:-:. ~,~:: -~ SATISFACTION OF MORTGAGE I 635823A "...""...1.. .., ..,~~ 'M ?~~ :.A~~4!9.. Jacksonville, Florida DREW'S FORM R.E. 22% r ,.' Jatisfaction of morlgagt Know RlIBlen Ju Jht~e 19re("nt(. ThaLIL. paul F. Randolph, individuall , and as ~ustee for l'r. f. rro:t'!{l:NS, W.welD. OWENS, H. H. BASKIN, SR. AN B. G. BRUMBY, JR., under declaration of trust dated Apr. 24, 1952, the owner and holder of a certain mortgage deed executed by J. L. LOVI TZ STORES, INC., a Florida Corporation, t~. Paul F. Randol~h, individually and as Trustee for N. W. Hopkins, w, D. Owenst H~ . Baskin~ Sr19~d B. G. Brumby , Jr. under declar tlon of trust ua ed Apr. .::4, ?~ bearing date the 1st day of August ,A.D. 1956 ' recorded in Mortgage Book 1171, page 525 , in the office of the Clerk of the Circuit Court of Pine lIas County, State of Florida; securing 5 certain note S in the principal sum of Thirty five thousand ------------ Dollars, and certain promises and obligations set forth in said mortgage deed, upon the property situate in said State and County described as follows, to-wit: That part of Block five (5) of SARAH MCMULLEN'S SUBDIVISION accord- ing to plat thereof as recorded in Plat book 1, page 41, of the pub lie records of PInellas County, Florida, described as: Beginning in the North boundary of said block at a point which is 86.6 feet west of its Northeast corner, measurement being along said North boundary, and running thence South parallel to the East boundary of sai~block 125 feet; thence East parallel to the North boundary of said block 36.6 feet to the West boundary of the plot of land described as the East 50 feet of said block; thence South along the said West boundary 157.5 feet, more or less to the North boundary right-of-way of Park Street in said Block; thence West along the North boundary of Park Street 136.6 feet, more or less, to the West boundary of said block; thence North along this boundar 282.5 feet, more or less, to the Northwest corner of said Block; and thence East along the NOrth boundary of said Block, 100 feet, more or less, to point of beginning. SUBJECT HOWEVER, to the plot of land thus described being occupied along its entire North boundary by the established right-of-way of Cleveland Street. hereby acknowledg~ full payment and satisfaction of said noteS and mortgage deed, and surrender S the same as cancelled, and hereby direcB the Clerk of the said Circuit Court to cancel the same of record. UUness my hand and seal ,this . 'h"'.CD ,.........,. STATE OF FLORIDA, COUNTY OF Pinellas } I HEREBY CERTIFY that on this day, before me, an .\.t?fii~.r_ ~U1VU. thorized in the Statt; afor~sai~ and in the County aforesaid to take acknowledgments, personally appeared ".-,Paul'~a~ Randolj)h~~ lndl vldually, and as Trustee for N. W. HOPKINS, Wor :p. {}YiENS, H. !t. BASKIN, SR. and B. G. BRUMBY, JR. under declara- \\ tioTI/(Q:f:('"trust dated Ap,ril 24,1952, t.I;l me known. to be the person deSCrIbed In and who executed the foregoing instrument and he acknowledged ,;;'fote lm~ ~hit~e executed the same. " '. ... , WITNEss.: my hand and official seal in the County and State last aforesaid this ".". OctQpa'r A. D. 19 59. . ~,' :. ,. ., ,- , 30th day of m'mmmmmm ..~'u~ Notary Publi~, State. of Florida ot 1196~~ My commiSSion expires Feb. 23, f N y. Bonded by American Surety Co. 0 . ~ _w 1~1 That J. L. LOVITZ STORES, INC., a Florida Corporation the ho I der of a certain mortgage given by THE CITY OF CLEARWATER, FLOR IDA, a Municipal Corporation, J. L. LOVITZ STORES, INC., bearin!l date the 24th day of Ju I y , .11. D. 19 59 , recorded in Official Records Book 661 pa~e 88 in the office of the Clerk of the Circuit Court of Pine I I as County, State of Florida; given to secure the sum of TW~f\JTY NINE THOUSAND FIVE HUNDRED. EIGHT AND 41\/100--------.--- Dol~ars, emdenceil by that. ceiImn nole , 'Upon the follow~ng descnbed property, situate, lying and being in Pine II as County, State of Florida, to wit; to Block Five (5) North of Park Street, of Sarah McMul len's Subdivision, according to the map or plat thereof as re- cordedin Plat Book I, Page 41, Publ ic Records of Pinel las County, Florida, LESS the East Fifty (50) feet thereof, subject to the right-of-way of the publ ic thoroughfare known as Cleveland Street, across the Northerly portion of said Block and also subject to the right-of-way of the publ ic thoroughfare known as Park Street, across the Southerly portion of said Block. () c.-. i_,.~... !.::J <~ ~F~ --.! ~-":" ~.." -.-.j ~ ',- -i:2 ""- ,. ,~':v ~", '" <::) - <<:t" 'i_" __ (~;, ~..:.~ ':~,~ ha1.!e ~eived lull payment of said indebtedness, and do hereby acknowledge satis- faction of said mortgage, and hereby direct the Clerk of the said Circuit Court to cancel the same of record. Witness .11. D. 19 59 my hand and seal this ~~;r# day of October J. L. LOVITZ STORES, By: r)~ oe~~ #res i dent INC. J:... .,.' -I" .r:-~ tate of Florida, County of PI NELLAS } i.:J fJ . :. - i' .'1' .-~ I HEREBY CERTIFY, That on this day personally appeared befoteme,an.,@fficer d""'yauthorized to administer oaths and take acknowledgments, }, . ""'~':"~":f".. J. L. LOV I TZ to me well known-to be ~ j ~ "-- ..'? t ,..the"per.'UJlL described in and who executed the foregoing .<latisfaction piece, and .' has'" \, acknowledged before me that he executed the same for the p'utpo$e~therein expressed. IN(.- WITNESS WHEREOF, I have hereunto set my hand and affixed my official .' j, .;seal\at. .:Clearwater , said County and Stat, this ..:z t::r1ff of '..,. 'i:",~:tQ~er ,.11. D. 1.959 ~, Not ry Pu,blic M Commission Expires ,"lotory P..;h,t:.: State of F!arid., at Jorge t~~.~;~:~nD~,;,~):_,,'-:'P~T': },\c 'r- }\;, 1~::.,1 10 ~x " \ 58'fi2'\ TUTBLANX REGISTERED U.S,PAT.OFFICE Form 1116 Florida SATISFACTION OF MORTGAGE. 63... .);["1.;, .1,. Tuttle Law Pnnt,Publlshers,Rut/and, Vr .. ~!nlHtn~QIhal:~A:4n9 That MARGARET C. SHANNON, the holder and owner of a certain mortgage given by J". L. LOVITZ STORES, INC., a Florida Corporation, to the said ~~GARET C. SHANNON, hp-arin!! date the 25th day of September , A. D. 1958 ,recorded in Official Records'Book 426 page 494 in the office of the Clerk of the Circuit Court of Pinellas Co~nty, State of Florida; given to secure the sum of $8,480.00 ----------------------------- Dollars, evidenced by one certain note , upon the following described property, situate, lying and being in Pinellas County, State of Florida, to wit: The East 36.6 feet of the West 136.6 feet of the North 125 feet of Blook 5 of fumS. SARAH Mo1ITT.LLEN'S SUBDIVISION, aooording to the map or plat thereotasreoorded in Plat Book 1, Page 41, of the pUblio reoords of Pinellas County, Florida. LESS AND EXCEPr whatever portion of said plot along its North Boundary is oooupied by the public thoroughfare known as Cleveland Street. cC'") < L..-p-.1 (' :~ c: "-. ' - ~') ; rl_ Ci._ I' "" C f't") I.() - 0 "-~ ~ , ~ ['.:: <.( ha1!e received full payment of said indebtedness, and do hereby acknowledge satis- faction of said mortgage, and hereby direct the Clerk of the said Circuit Court to cancel the same of record. Witness my A. D. 19 59. hand and seal this 2nd day of November Signed~ Sealed and Delivered in Presence of; .'1 ~.~".~ .. ~ S---z-- ~~. cfhannon. ... State of Florida, County of PINELLAS I HEREBY CERTIFY, That on this day personally appeared before me, an offi,cer duly authorized to administer oaths and take acknowledgments, } - -M1\RG:ARE"r"'U ~- SHANNON, t~'~e well known to be the peNlOn described in and who executed the foregoing satisfaction piece, and she acknowledged before me that she executed the same for the J1urposes therein expressed. IN WITNESS WHEREOF, I have hereunto. set my hand and affixed my official ,seal at Clearwater , said County and State, this 2nd November , A. D. 1.959. . JA,',lp(, ~\ ~ .'"'''' ,:.:' c ..'~,- >:'~ "<"'" '''w. , < . :::~ .;- ..-t_~ Jt . ~ ,-,:, 0-" ,~ ... <-----')} '1 ;;/ la<h~<l .N'otary P lic_ My Commission E.xpires \ , (/_ -. iJ J i, J ~~I \ I , .-"" '- 9'> >- . . .:' . 'l.' ~"'" ,...',' _ ~ L ;' , ,...... '\':J \'.) r ~ \J ' Notary Public, State of f"lorlda at llit<<~ My Commission Expires March 22.1962 Bonded by' American Sureq Co.. of N.Y. \... "', <tI ,'Ji" TUTBLANX REGISTERED U,S. PAT. OFFICE Tv Ille La w Pni7r, Pub'!ish ers, RttlIBnd. Vt . S"( AT E-;;F FL o-j::fii)A OO~ENTAD: 'STAMP TAX ~ SEPZ9'S8 ~(> f,~_ "'l:. ~. == "" - ~ '1ij - 8 5 0 - I' = ~ r:: .," -- = ~, i COMPTROlLER ~ --.... ==..., '.. P.8.ISOl2-4 -= 0 I': .~ "". . ,. ~ - , ~~:m'~t:1~~~~- "~ . " ,~.. ~.~,~ Form 1111 MORTGA.GE NOTE. J. . $ 8 ,4.80.00 C I earwatel'J.~1 or jda, September 2519-.iL I prijm{se to pay to the order of MARGARET C. SHANNON the sum of EIGHT THOUSAND FOUR HUNDRED EI GHTY ~nd no/lOO DOLLARS ($8,480.00) at 103 South Fort Harrison Avenue, Clearwater, Florida, in the following manner: $l,800.00 due for four (4) consecutIve years on the "n an n1 versar.y.date of.th i s note-an-d $1, 280 . 00 due f j ye (5) ears from the anni yersar y date of this note an ' ~ Interest at the r e of six (6) perc nt per annum on the balance due nd owing shall be a~d along with the pr j MC ipa I paym ts. !'v CA The prom i sor- sha II have the pI' I ~ lege <1f. pr,pay jOg any port Ion or a II of is oote on any an~rs arYlt.. da:J. by g jy i...n.... 9 at dayS wr.~tte .. no. tie f i nten iV~ to make SlAC pre- payment befon an\ i r ary ~/ on' e. port i ,0 prep .1 . I n the ~.. ... YEe of ~feu~t of au ~ ay.ent default i~ made ~ withi~~hirty du date thereof, then nt ire pI' ~ci pa I hCl.11 forth"Jt.~. . ecome Ie with at the opti of~f the h an atto~r\~, , the. . rsi, ~d, Whet. her maker, security or \ er, het\~~ severally gr7~topay all costs and expenses of cO'~.icti(>n,n~udin9 a rea /able attorney's fee. The drawers wClive presentment for and days after the notice, or thereafter e payment of this note and to collect the same payment, protest and n ~e of protest and non-payment of this note. 'I..' ._......,..~. - -."- J. L. LOV.! TZ STORES, 'NC. By O,;f. oZ:..~. J . . Pres i dent ATTEST: ( ~li-4 ~. '.' ecretaryy-:./,l.,.. 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II ,., I . il ,ClU'.'IAtllll'" T LOt 1'1 '. lAt.l te C." Of cur,AI'" It I ftlICIAMU.rATINCI' - MU.' .14.' 9. .,....... .'... ..... - P.-I_. # . ,-. Own 'P.,.en-.. '.. I, '/l , ! ..., .", ,~.... ,- \ --' - "'1 . '-' '~ 't 'r''',. . $ 9,,_.00 ", Pp I. i plI.' ad '....ce. , \ I . Sh4Jftno.. ......... I ftt8,...tt. ... "..., ph ,.....~..# Iftt4t,...t 'to .,.. '.....,..tl." of e.... (421..",) ';" Cc .~1t:=' 21' 010.00 -H4.16 336. .4' .......~f~. frcHD City of C t.,~..... telcwl t&~ " 29,508.45 c" / ...... a..... .It O.ed i.... r......1 i,"i,.~..!:[,,;J',1ii:~l~11:!'. iaMh.'.' C.eoh t8 1M pe I cf by C I ~r .~ 0' ....... .. i.k) ';~, ,...,;,.,::l}..~'::~j~if*~'C"' .""i;""~"'''i-'''r-'.4~'~',~'~'~ &1.'lOA~"" 1 r UP r1 L 1 ~: " '! .~ r ", ',: . c . , - . : ~ , i . "".., ",." .,.,.. . .,..., . ''''''. :~\.,;, .\.: ,';- : . ::' ,.' /. .......... UlOI.l!ll 'It IT IIJI1~~" ' . :;1 ., :"-"'-\ ",: ; / 1. ' 1 . ! I I COUNTY OF :FINELLAS l STATE OF FLORIDA Before me, the undersigned authority, personally appeared Jill IllS I _ I OV I Tz sworn depose (s) and say (s): 1, ThatJ. L. LOVITZ STORES INC.f a Florida Corporation the owner (s) of the following described property: who first being duly All of Block 5 North of PaM< Street of MRS. SARAH McMULLEN'S SUBDIVISION ilccordtng to the aap 0" plat thereof as recQrded in Plat Book I, Page 41 of the Public Records of Plnella. Co..nty; . LESS the..Ews.t50...feet thereof I. and subject to the r t ght of way of the public thoroughfare across the Northerly portion thereof, known as Cleveland Street; also subject to the right of way of the public lhoroughfare across the Southerly portion thereof, known as Park treat. 2. That except as indicated herein affiant (s) ha~ good, merchantable title to said property, and that there are no recorded liens, mortgages, deeds or other conveyances affecting the title to s aid property, other than i:a~Ag -FoP the clIPpent yeap 3. That there is no outstanding unrecorded contract for the sale of the above described premises to any person or persons other than the purchaser (s) described herein, nor any unrecorded lien, mortgage, deed or other conveyances affecting the title to the above mentioned and described property. 4. That there have been no improvements erected upon said above mentioned and described premises within the past 3 months or any repairs made to any then existing improvements for which a lien _,might, be perfected by_re.c.ordatlon by any laborer or_..mat.eri.e.lmAnfor,--..q labor performed or materials furnished in and about the erection of any improvements or any repairs made thereon. 5. That this sworn statement is made for the express purpose of inducing CITY OF CLEARWATER MUNICIPAL CORPORATION to purchase sai d property and accept a deed of conveyance ther~:t.o.... Further affiant (s) sayeth not. ~. ~ t. . _ < . ~ By: J. L.. UlV 1 TZ STORES, .INC. ~.~ ~ ....(SEAL) P ident~- ( SEAL.) .- .' - - ""' .'- _."Fe...' 4.. -. .... --. , "'-". ,,- -- - ~ -~ : this 195,2 Notary Publi~, State of Florida at large My commiSSion expires May 14 1960 Bonded by ~rican Surety Co, of N,y, I I .... ~ . '- OPTION TO PURCHASE J. L. LOVITZ STORES, INC., a Florida corporation, the WOptionor", in consideration of the SUII of Two Thousand Dollars ($2,000.00) and other good and valuable consIdera- tions received from CITY OF CLEARWATER, FLORIDA, a municipal 11..' corporat ion, the .Optionee., hereby on this ~'f-day of Novem- ber, 1958, gives the Optionee the privilege of purchasing, within the time hereinafter stated, for the purchase price of Ninety-Five Thousand Dollars ($95,000.00), to be paid as hereinafter provided, of which the consideration paid for this Option is a partl the following real property located in Pinel- las County, Florida, to-wit:iTH OF A\R.< S't(ht Block Five (5~of SARAH McMULLEN'S SUBDIVISION, according to the Map or plat thereof, as recorded in Plat Book I, Page 41, Publ Ic Records of Pine I I.. Cott'J:l'ty, I eas the Ea.t 50 feet thereof. Subject to the right- of-way of the publ ic thoroughfare known as Cleveland Street across the Northerly portion of said block, and also subject to the right-of-wilY of the pub I i c thoroughfare k"own as Park Street across the Southerly portion of said block. under the following terms and conditions: (I) This Option shall continue in force for a period of six (6) months froll the date hereof and shall be exercised by the de I i very, dur i n9 S.a i d ter., of the SUM of Seven Thousand Five Hundred Dollars ($7,500.00) by the Optionee to the Optionor, whereupon this Option sh.11 then becoMe an Executory Contract. (2) Within twenty (20) days froll the exercise of the Option, the Optionor agrees to del iver to the Optionee an. abstract of title to said real estate, or it. written cOIIIJllit.ent issued by SOlie recognized title insurance compan)' doing business in the Sta.te of Florida binding that cOllpany to insure the title In . .' I ,". .- I the Optionee Upon the consu..ation of this agreement. If except as herein otherwise provided. The Optionee shal I have fifteen (15) days after the del ivery of sa i d abstract for the eXilmination thereof, and within said period, shall notify the Optionor In writing of any objections to said title. If this notification is not given within the time stated, then said title shall be conclusively dee.ed to be acceptable to the Optionee. In the event that the title of the Optionor is not good and aarketable, the Optionor shal I have a reasonable time thereafter to perfect the title and wil I, in good faith, exer- cise due diligence to do so; and if the defects are not cured ~ithin a reasonable time, then the Optio.nee May demand a return of a.l I SUMS paid1ind... this Option, including the considera- tion paid for this Option, or waive the defects and accept the property without de~ctlon on e.ccount of said defects. (3) In the event that this Option is exerclsed, this sale shal I be closed nQt later than sixty (60) days froM the date of the exercise of this Option. (4) At the time of closing, the purchase price shal I be paid as follows: (A) By credit of Nine Thousand Five Hundred Dol lars($9,500.00) previously paid. By the aaSUlIPtion by Optionee of existing Mortgage.. on said pret!lises. The bal~ce in cash upon closing. (B) (e) (5) At thethlle of closing, Optionor shall execute and del iver to Optionee a good and sufficient Warranty Deed, con- veying to Optionee a fee aimple, merchantable title to the real estate, free and clear of all encu.brances. -2- .. ~. I I -- (6) This ilgreelllent shall be binding upon the successors and assigns of the respective parties hereto. SIGNED, SEALED AND DELIVERED IN THE PRESENCE OF: ..A~ Ol'. f/J.:...I(,. ~1. .., 7\w~ J. L. LOVITZ STORES, IN~___----~~;:;_~:~"'" n .,J:J -.0 t;! ~----~-."- ~ ~- ~-"~~ . By }1' ~.o(~ '; ~.~' '""'- -':..-~ :.:: -:~ V' J. L. Lov i - P"'a:~~~nt >:>~ --- ......' -' ..,.. - < ". .... - - - .... ....~ STATE OF FLORIDA COUNTY OF PINEllAS ~ Before me, the undersigned authority, personally appeared J. L. LOVITZ, as President of J. l. LOVITZ STORES, INC., who after being by .e first duly sworn, on oath deposes and says that he executed the above and foregoing Option to --~~ """ .,~~)?!lrf.hase for the purposes there inset out. Sworn to and subscribed before me this ~~~day of ~~I'C-'C. l1 t~ Notary p~ - - -..... .::: _ }tQy.e~~er.! I 958. . ...... ." .....;... .' '- : . . . . . - . . ~ ..', - ~ MyCo....ission Expires: Notary Public. State of FlorIda at 1a1'Ol My commission expires Feb. 24, 1961. Bonded uy ,American Surety Co. of N.V. -3-