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CLEARWATER KEY ASSOCIATION CorporatJ Warranty. Dee.d INST # 96-080498 ~_ 26, 1996 10:47AM 1 ! This Indenture, made this 22nd day of March A.D. 19 96 Between CLEARWATER KEY SOUTH-BAY 1501 CONDO ASSOCIATION, A/K/A CLEARWATER KEY ASSOCIATION - SOUTH BAY, INC. PINELLAS COUNTY FLA, OFF.REC.BK 9288 PG 1893 8.$ ,,-,- 6::1 -co r f .. ~ whose post office address is: " . . " , " 1501 GULF BLVD., SUITE 306 CLEARWATER, FL 34630 -, , a corporation existing under the laws of the State of Florida , Grantor and CITY OF CLEARWATER, FLORIDA A Municipal Corporation of the St:ate of Florida ,whose post office address is: P.O. BOX 4748 CLEARWATER, FL 34618--4748 C/O CITY ATTORNEY Grantee, Witnesseth, that the said Grantor, for and in consideration of the sum of ( $10 . 00 ) Dollars, to it in hand paid by the said Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said Grantee forever, the following described land, situate, lying and being in the County of Pinell as , State of Florida, to wit: SEE EXHIBIT "A" ATTACHED HERETO AND BY REFERENCE MADE A PART HEREOF Documentary Tax Pd. $ d l\ \ ~ ~ 0 $ _ Intangible Tax Pd. Karleen F. De Blaker, Clerk, Pinellas County By ~' , Deputy Clerk l SUBJECT TO EASEMENTS AND RESTRICTIONS OF RECORD AND GENERAL TAXES FOR THE CURRENT YEAR AND THEREAFTER. Parcel #19/29/15/78643/000/0000 And the said Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. In Witness Whereof, the said Grantor has caused this instrument to be executed in its name by its duly authorized officer and caused its corporate seal to be affIxed the day and year first above written. Signed and Sealed in Our Presence: CLEARWATER KEY SOUTH-BAY 1501 CONDO ASSOCIATION, A/K/ A CLEARWATER KEY ASSOCIATION - SOUTH BAY,IINC By, ?I~!sc-6f:#:: Its VICE-PRESIDENT ** a/k/ a JOHN W. SCHAFFER ~~~~/ Name: M ari e LaB arb era a.J1 (fl~~/ ,-, AUd~Chester State of FLORIDA County of PINELLAS (Corporate Se.aU - The foregoing instrument was acknowledged before me this 22nd _day of JOHN SCHAFFER, VICE-PRESIDENT of CLEARWATER KEY SOUTH-BAY 1501 CONDO ASSOCIATION, A/K/A CLEARWATER KEY ASSOCIATION, SOUTH BAY, INC. a corporation existing under the laws of the State of He/She is personally known to me or has produced March ,u19 96 , by Florida drivers license , on behalf of the corporation, as identification. ~v Q-e- CWO.I 5/93 0'./' This instrument prepared by: Audrey Rochester Coastal Bonded Title Co. 501 S. Ft. Harrison, #203 Clearwater, FL 34616 File 4~ ~ 1>.""/ Print ame: Notary Public My Commission Expires: 1 CJr 6l/-J,~ .bI'~ 1/96-17438 /, 11 - C,.j J,., ./ ", /" , '.,.' ,::';":~fi~<{\ AUDREY ROCHESTER . ~\~ '.. ~ MVCGMMI3816N I ee431m5 EXPIRES 'J.':;U : c :~<S70l~ February 3, 1999 .:;;':9" 60NDclITHRUTROYFAININSURANCE,INC. ("1: ~ .I, _,\, '=' I I PINELLAS COUNTY FLA. OFF.REC.BK 9288 PG 1894 EXHIBIT "A" From the Southeast corner of Section 19, Township 29 South, Range 15 East for a point of reference; thence N.89004'07''W. along the south boundary of said section 2,293.45 feet to a point on the centerline of Gulf Boulevard (a 50.00 foot half right of waY)othence along said line by_theJollowi~~_three courses: N.31 58'20"E. 826.95 feet to a point of curve; along the arc of a curve to the left radius 1,909.86 feet, arc 304.27 feet, chord bearing N.27024'30"E. 303.95 feet, delta angle of 09007'41" to a point of tangency; N.22050'39''E. 71.06 feet; thence leaving said line S.67009'21"E. 146.52 feet; thence S.18009'21"E. 36.77 feet to the POINT OF BEGINNING; thence o S.67 09'21"E. 72.99 feet to the face of a concrete seawall; thence along said seawall S.23018'17''W. 83.19 feet; thence N.18009'21''W. 110.23 feet to the POINT OF BEGINNING. 9C2S5126 _ 03-26-1996 101i!h17 01 IEl-CLEARlATER REaIU. JOe ~ - E19 1 3 $10.50 t241.5O -- $252.00 $252.00 $.00 TOTII.: DECK AIIT .lEIIIERD: DIlHIlE: File No: 96-17438 , AL T A Own'ars Policy. with Florida Modifications (10-17-92) , Pt>licy o'fTitle'lnsuranqe Issued By lilt Nations Title Insurance of New York Inc. o 268-752209 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE BANDTHE CONDITIONS AND STIPULATIONS, NATIONS TITLE INSURANCE OF NEWYORK INC., a New York Corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2, Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a right of access to and from the land. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. By: Nations Title Insurance of New York Inc. Lill.t~ President lL,A(of~ Attest: Secretary By 2635 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy, 2, Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy but not excluding from coverage any taking which has occurred priorto Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3, Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value forthe estate or interest insured by this policy. 4, Any claim, which arises out of the transaction vesting in the Insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that is based on: (a) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or (b) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer except where the preferential transfer results from the failure: (i) to timely record the instrument of transfer; or (ii) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. 1, DEFINITION OF TERMS, The following terms when used in this policy mean; (a) "insured"; theinsured named in Schedule A, and, subject to any rights or defenses the Company would have had against the named insured, those who succeed to the interest of the named insured by operation of law as distinguished from purchase including, but not limited to, heirs, distributees, devisees, survivors, personal repre- sentatives, next of kin, or corporate or fiduciary successors, (b) "insured claimant"; an insured claiming loss or damage, (c) "knowledge" or "known"; actual knowledge, not constructive knowledge or notice which may be imputed to an insured by reason of the public records as defined in this policy or any other records which impart constructive notice of matters affecting the land, (d) "land"; the land described or referred to in Sched- ule A, and improvements affixed thereto which by law constitute real property. The term "land" does not include any property beyond the lines of the area described or referred to in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, _alleys, lanes, ways or waterways, but nothing herein shall _ modify or limit the extent to which a right of access to and from the land is insured by this policy, (e) "mortgage"; mortgage, deed of trust, trust deed, ,or other security instrument. , (f) "public records"; records established under state 'statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge, With respect to Section 1 (a)(iv) of the Exclusions from Coverage, "pub- lic records" shall also include environmental protection 2635 -.. CONDITIONS AND STIPULATIONS liens filed in the records of the clerk of the United States district court for the district in which the land is located, (g) "unmarketability of the title"; an alleged or appar- ent matter affecting the title to the land, not excluded or excepted from coverage, which would entitle a purchaser of the estate or interest described in Schedule A to be released from the obligation to purchase by virtue of a contractual condition requiring the delivery of marketable title, 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE. The coverage of this policy, shall continue in force as of Date of Policy in favor of an insured only so long as the insured retains an estate or interest in the land, or holds an indebtedness secured by a purchase money mortgage given by a purchaser from the insured, or only so long as the insured shall have liability by reason of covenants of warranty made by the insured in any transfer or convey- ance of the estate or interest. This policy shall not continue in force in favor of any purchaser from the insured of either (i) an estate or interest in the land, or (ii) an indebtedness secured by a purchase money mortgage given to the insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. The insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 4(a) below, (ii) in case knowledge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest, as insured, and which I might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if title to the estate or interest, as insured, is rejected as unmarketable. If prompt notice shall not be given to the Company, then as to the insured all liability of the Company shall terminate with regard to the matter or matters for which prompt notice is required; provided, however, that failure to notify the Company shall in no case prejudice the rights of any insured under this policy unless the Company shall be prejudiced by the failure and then only to the extent of the prejudice. 4. DEFENSE AND PROSECUTION OF ACTIONS; DUTY OF INSURED CLAIMANT TO COOPERATE. (a) Upon written request by the insured and subject to the options contained in Section 6 of these Conditions and Stipulations, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an insured in litigation in which any third party asserts a claim adverse to the title or interest as insured, but only as to those stated causes of action alleging a defect, lien or encumbrance or other matter insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the insured to object for reasonable cause) to represent the insured as to those stated causes of action and shall not be liable for and will not pay the fees of any other counsel, The Company will not pay any fees, costs or expenses incurred by the insured in the defense of those causes of action which allege matters not insured against by this policy, (b) The Company shall have the right, at its own cost, to institute and prosecute any action or proceeding orto do I (continued on inside back cover) . Policy Continuation Schedule~ (Cont'd) I I SCHEDULE (Continued) A A File No: 96-17438 Policy Number: 0 268752209 The southerly 82.68 feet of the following described parcel situate in Section 19, Township 29 South, Range 15 East, Pinellas County, Florida: Begin at the Southwest corner of Sand Key Condominium - South Bay: thence North 60 feet; thence East 70.74 feet; thence Northeasterly 61.49 feet; thence Southeasterly 19 feet; thence Northeasterly 86.64 feet to the face of a concrete seawall; thence Southeasterly 155 feet to the Mean High Water Line; thence Southerly along said line to a point in the most southeasterly corner of said condominium; thence Westerly, 180 feet; thence Northwesterly, 147 feet; thence Westerly 96.52 feet to the Point of Beginning. 670 Owner's Policy Schedule A (Florida) 1 I OWNER TITLE INSURANCE POLICY SCHEDULE A Amount of Insurance: $ 3 4 , 47 5 . 00 O 0 268752209 Policy No. Issued Pursuant to Commitment No, 18-038419 FileNo. 96-17438 Effective Date and Time of Policy Ma r c h 26, 1996 atlO:47:00 ~: 1. Na~frf?tln~lfedCLEARWATER, FLORIDA - A Municipal Corporation of the state of Florida, by virtue of that certain Warranty Deed filed, in O.R. BOOK 9288, Page 1893, Public Records of Pinellas County, Florida. 2, The estate or interest in the land described herein and which is covered by this policy is an estate or interest designated as follows: Fee Simple 3. The estate or interest referred to herein is at the effective date of policy vested in the insured. 4. The land described herein is encumbered by the following mortgage and assignments, if any: 5. The land referred to in this policy is described as follows: See Attached Owner's Schedule A Continuation This policy is not valid unless Schedule B is attached hereto, lilt 635 NM6 - Owner's Policy Schedule B Florida I I OWNER TITLE INSURANCE POLICY SCHEDULE B P I' N 0 0 2 6 ,. 7 t: ., ., n ^ o ICY 0, I tJ J L L, v ':J File No, 9 6 - 1 7 4 3 8 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorney's fees or expenses) which arise by reason of: 1. Rights or claims of parties in possession not shown by the public records, 2. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. 3. Easements or claims of easements not shown by the public records, 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 assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public record. Proceedings by a public agency which may result in taxes or assessments, or notice of such proceedings, whether or not shown by the records of such agency or the public record, Subject to taxes for the year 1996 and subsequent years which are not yet due and payable. 7. We do not hereby insure riparian rights, rights of accretion, reliction, submerged lands or any other water rights of any nature. 8. This land appears to be filled-in land and is subject to the rights of the State of Florida and the United States by reason of its control over navigation and commerce, especially in time of war for use for navigable purposes, and also rights reserved to the State of Florida and the United States in the permit under which said land was filled-in. 9. Any claim to any portion of the land described in Schedule A hereof, which lies below the mean high water line. See Attached Owner's Schedule B Continuation Items 1-6 are hereby deleted Iiif 636 - . Policy Continuation Schedule_ (Cont'd) I I SCHEDULE (Continued) B B File No: 96-17438 Policy Number: 0 268752209 10. All riparian, littoral and other water rights, together with the rights of the United states of America and the state of Florida in connection with authority over filled lands or lands lying beneath navigable waters, or above or below present or prior mean high water lines. 11. Easement to Florida Power Corporation filed in O.R. Book 5531, Page 1031, Public Records of Pinellas County, Florida. 12. Subject to Drilling Lease as filed in Deed Book 1135, Page 101, Public records of Pinellas County, Florida. 13. Subject to Trustee of the Internal Improvement Fund Deed recorded in Deed Book 1531, Page 351, Public Records of Pinellas County, Florida. 14. Subject to Co-Tenancy Covenant as recorded in O.R. Book 5960, Page 1618, Public Records of Pinellas County, Florida. 670 ., -, -' -..-'"" --,#-~-~,-"",.. any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest, as insured, or to prevent or reduce loss or damage to the insured, The Company may take any appropriate action J.mder the terms of this policy, whether or not it shall be liable hereunder, and shall not thereby concede liability or waive any provision of this policy, If the Company shall exercise its rights under this paragraph, it shall do so .diligently, (c) Whenever the Company shall have brought an 'action or interposed a defense as required or permitted by the provisions of this policy, the Company may pursue any litigation to final determination by a court of competent juriSdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. (d) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of the insured for this purpose, Whenever requested by the Company, the insured, at the Company's expense, shall give the Company all reasonable aid (i) in any action or proceeding, securing evidence, obtaining witnesses, pros- ecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful actwl1ich jn the opinion of the Company may be necessary or desirable to establish the title to the estate or interest as insured, If the Company is prejudiced by the failure of the insured to furnish the required cooperation, the Company's obliga- tions to the insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation, 5, PROOF OF LOSS OR DAMAGE, In addition to and after the notices required under Section 3 of these Conditions and Stipulations have been provided the Company, a proof of loss or damage signed and sworn to by the insured claimant shall be furnished to the Company within 90 days after the insured claimant shall ascertain the facts giving rise to the loss or damage. The proof of loss or damage shall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which constitutes the basis of loss or damage,and shall state, to the extent possible, the basis of calculating the amount of the loss or damage, If the Company is prejudiced by the failure of the insured claim- ant to provide the required proof of loss or damage, the Company's obligations to the insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such proof of loss or damage, In addition, the insured claimant may reasonably be required to submit to examination under oath by any authorized representative of the Company and shall pro- duce for examination, inspection and copying, at such reasonable times and places as may be designated by any authorized representative of the Company, all records, books,ledgers, checks, correspondence and memoranda, whether bearing a date before or after Date of Policy, which reasonably pertain to the loss or damage, Further, if requested by any authorized representative of the Com- pany, the insured claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all records, books, ledgers, checks, correspondence and memoranda in the custody or control of a third party, which reasonably pertain to the loss or damage, All information designated as confidential by the insured claimant provided to the Company pursu- ant to this Section shall not be disclosed to others unless, In the reasonable judgment of the Company, it is neces- sary in the administration of the claim, Failure of the insured claimant to submit for examination under oath, produce other reasonable requested information or grant permission to secure reasonably necessary information from third parties as required in this paragraph shall terminate any liability of the Company under this policy as to that claim, 2635 .~. -- '""""~......<....~~_. ........ ..,~"'" I CONDITIONS,AND STiPULATIONS (continued from"inside front cover) 6. OPTIONS TO PAYOR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. In case of a claim under this policy, #Ie Company shall have the following additional options: (a) To Payor Tender Payment of the Amount of Insurance. (i) To payor tender payment of the amount of insurance under this policy together with any costs, attor- neys' fees and expenses incurred by the insu red claimant, which were authorized by the Company, up to the time of payment or tender of payment and which the Company is obligated to pay. (ii) Upon the exercise by the Company of this option, all liability and obligations to the insured under this policy, other than to make the payment required, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, and the policy shall be surrendered to the Company for cancellation, (b) To Payor Otherwise Settle With Parties Other than the Insured or With the Insured Claimant. (i) to payor otherwise settle with other parties for or in the name of an insured claimant any claim insured against under this policy, together with any costs, attor- neys' fees and expenses incurred by the insured claimant' which were authorized by the Company up to the time of payment and which the Company is obligated to_pay;.or_ (ii) to payor otherwise settle with the insured claimant the loss ordamage provided for under this policy, together with any costs, attorneys' fees and expenses incurred by the insured claimant which were authorized by the Company up to the time of payment and which the Company is obligated to pay, Upon the exercise by the Company of either of the options provided for in paragraphs (b)(i) or (ii), the Company's obligations to the insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute or continue any litigation, 7, DETERMINATION, EXTENT OF LIABILITY AND COINSURANCE. This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the insured claimant who has suffered loss or damage by reason of matters insured against by this policy and only to the extent herein described, (a) The liability of the Company under this policy shall not exceed the least of: (i) the Amount of Insurance stated in Schedule A; or (ii) the difference between the value of the in. sured estate or interest as insured and the value of the insured estate or interest subject to the defect, lien or encumbrance insured against by this policy, (b) The Company will pay only those costs, attor- neys' fees and expenses incurred in accordance with Section 4 of these Conditions and Stipulations, 8. APPORTIONMENT~-- If the land described in Schedule A consists of two or more parcels which are not used as a single site, and a loss is established affecting one or more of the parcels but not all, the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole, exclusive of an'y improve- ments made subsequent to Date of Policy, unless a liability or value has otherwise been agreed upon as to each parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement or by an endorsement attached to this policy, 9. LIMITATION OF LIABILITY, (a) If the Company establish~s the title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right of access to or from the land, or cures the claim of unmarketability of title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, it shall have fully I performed its obligations with respect to that matter and shall not be liable for any loss or damage caused thereby, (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Com- pany shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom, ad- verse to the title as insured. (c) The Company shall not be liable for loss or dam- age to any insured for liability voluntarily assumed by the insured in settling any claim or suit without the prior written consent of the Company. 10, REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall re- duce the amount of the insurance pro tanto, 11, LIABILITY NONCUMULATIVE. It is expressly understood that the amount of insur- ance under this policy shall be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is taken in Schedule B or to which the ,.insured has agreed, assumW,-ortakensubjeet, or which- is hereafter executed by an insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy to the insured owner, 12, PAYMENT OF LOSS, (a) No payment shall be made without producing this policy for endorsement of the payment unless the policy has been lost or destroyed, in which case proof of loss or destruction shall be furnished to the satisfaction of the Company, (b) When liability and the extent of loss or damage has been definitely fixed in accordance with these Condi- tions and Stipulations, the loss or damage shall be pay- able within 30 days thereafter. 13, SUBROGATION UPON PAYMENT OR SETTLEMENT, (a) The Company's Right of Subrogation, Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and remedies which the insured claimant would have had against any person or property in respect to the claim had this policy not been issued. If requested by the Company, the insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect this right of subroga- tion, The insured claimant shall permit the Company to sue, compromise or. settle in the__oame,ot the insured claimant and to use the name of the insured claimant in any transaction or litigation involving these rights or remedies, If a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to these rights and remedies in the proportion which the Company's payment bears to the whole amount of the loss. If loss should result from any act of the insured claimant, as stated above, that act shall not void this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against by this policy which shall exceed the amount, if any, lost to the Company by reason of the impairment by the insured claimant of the Company's right of subrogation, (b) The Company's Rights Against Non.insured Obligors, The Company's right of subrogation against non- insured obligors shall exist and shall include, without limitation, the rights of the insured to indemnities, guaran- ties, other policies of insurance or bonds, notwithstanding any terms or conditions contained in those instruments (continued on back) which provide for subrogation rights by reason of this policy. 14, ARBITRATION. Unless prohibited by applicable law, arbitration pur- suant to the Title Insurance Arbitration Rules of the Ameri- can Arbitration Association may be demanded if agreed to by both the Company and the insured. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of' a policy provision or other obligation. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the insured, the Rules in effect at Date of Policy shall be binding upon the parties" The award may include attor- neys' fees only if the laws of the state in which the land is located permit a court to award allorneys' fees to a prevail- ing party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdic- tion thereof. I CONDITIONS AND"SnpULA TIONS (continued from inside back cover) I dating officer or authorized signatory of the Company. 16. SEVERABILITY. In the event any provision of the policy is held invalid- or unenforceable under applicable law, the policy shall be deemed not to include that provision and all other provi- sions shall remain in full force and effect. 17, NOTICES, WHERE SENT. All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be ad- dressed to the Company at its Corporate Headquarters, 6800 College Blvd., Suite 700, Overland Park, KS 66211. In the event there are any questions concerning the coverage continued herein or should the insured desire to communicate a complaint to the Company, please contact the Regional Office of the Company by calling 1 (800) 637-0487, Nations Title Insurance of New York Inc. The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. A copy of the Rules may be obtained from the Com- pany upon request. 15, LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, if any, allached hereto by the Company is the entire policy and contract between the insured and the Company. In inter- preting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest covered hereby or by any action asserting such claim, shall be restricted to this policy, (c) No amendment of or endorsement to this policy can be made except by a writing endorsed hereon or allached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or vali- Policy of Title I nsu ranee Issued By 6800 College Blvd, / Suite 700 / Overland Park, Kansas 66211 913-491-5585 2635 ~ RECEI~ED APR 111996 I CITY CLERK DEPT. ' C I T Y 0 F C LEA R W ATE R Interdepartment Correspondence Sheet ~ =- TO: Susan Stephenson, Documents & Records Supervisor FROM: Earl Barrett, Real Estate Services Manager~~ SUBJECT: Property Data reports - Sand Key property exchange COPIES: (with appropriate attachments only, if any) Bill Shepard, Engineering Drafting Supervisor Karen Miles, Accounting Manager DATE: April 10, 1996 Attached for your records is a CITY OWNED PROPERTY - ACQUIRED report, and a CITY OWNED PROPERTY - SOLD report relative to a March 22, 1996 property exchange between the City and Clearwater Key Association - South Bay, Inc. Attached regarding the parcel ACQUIRED: Original recorded deed Original title insurance policy Original settlement statement Original signed & sealed survey drawing & description Attached regarding the parcel SOLD: Copy of City deed of conveyance Original signed & sealed survey drawing & description Original settlement statement te ; F fLJl n fltArlY1j rintU1~ 1-10 I d Q' I I ?~ (j~/7/~ /rJ -Odd -00 ~/r ~~ 3)!2/7p , lr - ;'>. --r .A" U.s: D'EPARTMENT OF HOUSING AND URBAN rVELOPMENT . SETTLEMENT STATEMENT _ B. T P E 0 F LOA N 1. DFHA 2. 0 FMHA 3. 0 CONII. UNINS 4, VA ., CONV. INS. ~ 6'''Tl'if3"ll 7. LOAN NUMBER: B. MORTGAGE INS. CASE NO.: C. NOTE: This form is furnished to give you a statement of actual settlemen,t costs, Amounts paid to and by the settlement agent are shown, Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals, D.N,A~E ,OF BORROWER: ADDRESS OF BORROWER: CITY OF CLEARWATER, FLORIDA POST OFFICE BOX 4748, CLEARWATER, FL 34618-4748 E. NAME OF SELLER: ADDRESS OF SELLER: CLEARWATER KEY ASSOCIATION-SOUTH BAY, INC. 1501 GULF BOULEVARD, SUITE 306, CLEARWATER, FL 34630 F.NAMEOFLENDEFl: " ;,,;:~prij~$n~;~NO~{,. "(".^'f;-,;.:J~!,,-,' i ,~'\:~if:",,\n,-.:!:>,;,p!,l\ _',>, /h'\.~-; '~"f\".i'.~ ,', '~, ' ,,,~ ; '",.;':; ;<' ',", '0;'::':'>':,,;".,,-:'" G, PROPERTY METES AND BOUNDS LOCATION: XXXX GULF BOULEVARD CLEARWATE:R, .FLORIOA34618-47 48 1S~~~~.~M~N],:<: ,CO~T~':~Ofij)I~';~I"LE, CQ. OJ',;'; CLWJfATER '.q~9f:~ETT~EMEtfl:> 501S0U'l"~:;~~RISOM,~SUl'l'P; 203 :.i::;~~t\i: ',' CLEARWATER,'"FLORIDA 34616 " I. SETTLEMENT DATE: March 22, 1996 SUMMARY OF BORROWER'S TRANSACTION 401. Contract sales price 402. Personal property 403. 404. 405. ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: 406. City/town taxes to 407, County taxes to . 408. Assellsments to 409, 410, 411. 412. 207. 208. 209. 501. Excess deposit (see instructions) 502.settlem!tl)t pharges to seller (line 1400) 503. Existing loan(s) taken subject to 504. Payoff offlrstmortgage loan 505. Payoff of second mortgage loan 506. 507. 508, 509. 622'..00 201. Deposit or earnest money ?og;i\iitll)cJP,~t~mqqhtsQf;~eW,loan(s) . 20~.Existin9 loan(s)taken subject to 2Q4;(" ' ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: 210. City/town taxes to . 211. CoUnty taxes to 212, Assessments to 213EXCHANGE 214, 215. 216. 217. 34,475.00 34,475.00 II 30tGrossa~ount due from borrower (line ,'20) 302..l..ess~mo~nt paid by/for borrower (I/ne220) 34,475.00 601. Gross amount due to seller (line 420) 34 , 475 .OQ) 602. Lsss tQtal reductions in amount due seller (line 520) 34,475.00 35,097.00) 303. CASH (0 FROM) (IXJ TO) BORROWER: o .00 603. CASH (0 TO) (00 FROM) SELLER: ~ 622.00 8/89 . 904-398-8615 ~ 58,4,3538,000,' , r HUD.1 (3.86\ RESPA, HB 4305.:2 .,.~ 800 ITEMS PAYABLE IN CONNECTION WITH LOAN' CHARGES L. " ::) 1:11 L I: M I: N T . 700. TOT~L SALES/BROKER'S COMMISSIOt: I \;20t~$f" , :' i,' ,'_",,;.~.:,f' , 702. $ t~I!~92mf!lis~ionpaid atsettlelT\e~~.{.. 704. (;.~n(.>tigipalJ9n ,f~.);~.. -802. Loan Discount J;iijpp@i~~ltfeeto: 804.predit Report to: ,~~\"ndltr's Inspection fee 806, Mortgage Insurance application fee to g;;i1is4mptI911f~'.*>~:;ii8k': ;;!f~.~iJ;:>:.. 808. 809,;];; '. 810. "8f1~:' ~}'t{,~:t!Xl:;L'~~~,t~.~~~.:~ij)~fr4~:~~:-i:~tt~.g~~::-:'~:~~.i~$i~t:l~fi~?,;:~;&1~\tli!;ii!;~~1~.~~~~:',;i~. ;~- ~-, '. % 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE' ;~l~HfIlerest from 902. Mortgage insurance premium for mo. to .t~~~~~a(dln$\Jrlincepremrum for '.' 904. Flood Insurance Premium for yrs. to "90S.";> ,'"..', , . ."@llL,>.;~ 1000. RESERVES DEPOSITED WITH LEN DER' JQQ1~ltazard insurance 1002'M?rtQage.in~urance 1@!ClJy.pro,p@,tY:Jaxes 1o,9~;"j9?~~ty property taxes '1QQ~fiM!1ualassessment, 19O,?:EIRod Insurance 1007..::..' 1008, 1009. .{...:s..;,month, @$.... ; ;.~:,tt;j::;~;~~litjf,roQgt!\!frt\~}L~;;:D:f'i . months @ $ " per month ,,;:,::,~t"'-,Wi..~g;1'i;'\mM.....c'I'fiiS~i~~i~""'~t~~~,(i.;';;-~iltu~1~~l4i,;tj;'i:;;;' :.--:.,.~;'__:" -,~:(",l:'c,!i1i: ,.tA..",:",,~~'1~'~.~~ ' ,\i,:, ,:,." ",<",>-,,'~;..il;fl~_t:~l~~mF..t:t^,,~,I.-l. , months~ $" pe~month., ","", ",'. ~; >;;w 'in'"o;"hS'A'lt, ," ' ,'\;'M{tO:n"rri\t;;:;...ti~:t:~':l;;:;i;>{J'< , '. ,,' ...'.. . \II.NI' .... el! ,..' ~,c_~",~..."'''',, II~mM.V.u~~j" ",,,,,,,,ji,./:'/.\.rh. months @ $ months. $ months @ $ . ":;,tJ;.i;;i~i;;~.;~~t~~';;i~'~lY'~~~I?:;':;I;:; ". per month 1100. TITLE CHARGES: 1101. Settlement or closing fee to Coas ta 1102.Abstra~tor title search to Coastal 1103. Tille examination to Coastal l104.Titlelnsurance binder to 1105. Document preparation to 11~,?~QtarYfeesto 1107. Attorney's fees to (inc/udes above items Numbers: ,,1 itl~iins,u(an~e to, "".9~,!!~~~",~q~4~~\,r~H~~1i .' ,': (includes above itef1/$Wuf!l~iJ:i\\'~t; ~J. $~ (J.),~' 1109. lender's coverage $ 11;1~;9wner's coverage., $'34 ~ 1111. Bonded Title Co. B,o~ded ','1't tl ~/;~Q:~<''')::'i Bonded Ti t1 e "'e'er: ;,,,',d'd '._,r" 199112ati@~g,t~~~;;.~:,,$ 1202, City/county tax/stamps: 12%~~ta.t~ .taxJ!lt~ps: 1204, 1205. Deed $ D~'$ ,..,.;"Mi;irtliAtililil';!,; 11~~t7\(.;i~1)f~~ ,".' " 1 ,J ,; ~~/" ~",,'-,~~""rl'Wf~ ,,:;'ldJi:~U1.~~1~- - . i ".'.';" M?rtgage $. . ',' ." . ';,',241.50 i,>.i./iMQ6oatlA,$i}:~'i',>, ,"_,. :;" -_. ' .~ .,,.:~/, _,;, "",.>",.",..'!"'",.~.;:~~J.:...~..,:". ~':~'~l:}~bt ~~<~L.: ;/;:, ' . 1300. ADDITIONAL SETTLEMENT CHARGES: '3IH6,~t:Jl'\'eyt() ".. 1302. Pest inspection to 1303..;> 1304. ,1365> 1306. 1307. 1400. TOTAL SETTLEMENT CHARGES (Enter on line 103, Section J - and - line 502, Section K) ~ 622.00 BO"OW'ffi::~V ~ Sellers The HUD.1 Settlement Statement which I have prepared is a true and accurate account of this t disbursed in accordance wi Jl this statement. Settlement Agent Date March 22, 1996 , AUD EY ROCH R File No. 96-17438 WARNING: It is a crime to knowlingl make false statements to the United States on this or any other similar form. Penalties upon conviction =;~.":; a "", 0' Imp,'so"m,"1. Fo, d".lIa "" Till. lB U.s. COd1i 1001 aod 5'0110" 1010. Page 2 -- " -,. '~I " , ~,";i.c. ' 1'ta ';~.~",JJIP..,1.~ '.. S. Rng. ...!2.- E. t;);;C"f"b.,,, O~.o7'4'" ~t>ilJo!:.'" I")~. &u.' Az.C. ... S04.:z-r' ~,~oEP" 3o~.~5' ~P2.P e;.e:A1UN6 &1J27~eO'& :=louT"" l!toUWl:>Aa"", o~ :l5IB4'T"ION I'"). 1!!iOf"lTl-CElMoT 6o&IJe1r. o'F ~"'Iolo.l Ia:>. LEGE"D: FeM ,. Found Concrete Monument 4"x4" LS 2607 FIR ,. Found Iron Rod FCIR ,. Found Capped Iron Rod '/.2" ~8 12168 SCIR - Set Capped Iron Rod 1/2 L.8, 12768 A/C - Air Conditioner and Concrete Pad PCP ,. Permonent Control Point PC - Point of Curvature C8 - Chord 8eoring FL ,. Flow Une 1:':":':;:';.,-] "" Concrete , CERTIFIED TO: City of C1earwlilter, F 'd." " Nations Title Insurance Comp~ of New York, Inc. Coastal Bonded Title Insuranc. Company of ct..rwater . 0, I Job No. 047":) ~l/I7.~'li'-,"e- 1A-u.,'~Z' ~' 1 10 ~\..E:: ,"= '2D' 1 zo F~. ~,,_\.. ...o~ vJtn-\ Po. 0.l1'1' , '" ~A.y.J,..u.. 6\.te:~T I Or Z (P) ,. Platted (M) ,. AltHlsurfld (F) - Field (R) ,. Radial (C) - Colculatfld FND, ... Found )( 2J.47 - Elevation TC ... Top of Curb Notes: 1. B..rlt[1 .,' . .,',' be~h Boundary of Sect 191, r~:,OU 1\ Range 15 eallt, Said L ne Pft'l'lJ' . 2. Elevations are based on N,G.V,D. Datum Mean Sea Level = 0,00, ' of 1929, TIIS SURVEY NOT VALID Ull.ESS IMPRINTED W1THAN,EII8OSSED SEA . HUDIFIA F.I.R.M. COMMUNITY~ll~~ ~Q. If.~ 0014 ~ TYPE OF SURVEY D.ifE ~ '." :'()F SURVEY DATE PROP. HQUSE LaC. FI"8lt HOUSE s1 ~K~OUT UP I VACANt eouI.1P~"1' 'Z- t~"'u, Fa NDA TIO ; L.S. 12(f " REGISTER SURVEYOR ZONE: A- n (f#l..tr:N. It) . CUMB$V & FAIR, INC. I, ENGINEE;' G e LAND au . 2463 Q~R ROAD CI.EA~WA, ~ Ii' IDA 34623 CL " '~'" 1ft'. 223.4333 ; !i "' . ~ '.- ~.. I I I III', , r.,~GAL o~CRtnION SM'ID G1' '1'AAWSPER 'to 'm cttn' ,OF ~ , ifrom tbe. ~.8t. ~Jlel' of $ecttlon 19, ~. at South, ~. ,115 But flKa poiUt..1 tefer~, th~ .,,~""'.O~. &.long .~ fJ'QUth bo....-, ., W4' MetiOft 2; .,93 .4! ... .. . point ot,1'''' '~enter~",,_ ~. ~.vard (a 50.00 foot. h6t.f dgtlt of ..,.l' *henoe ,alAl_ ,..... l~fte by. tme ~llo~ ~ ~.t ..3-1....:...... "... teet to a pt)4.at qf ~~ .... the are 01 ~ 'FE:" " \ '00 .. ,.,. .....tll8 1,909.M ~..... ' ... ...... feet, cbo,' ~ , ,aring, .~2?-"''''.' 303.95 f..,., , !' .......01' 41" ~o .. 1,"., O!'~..urr'Clff ..a.$0'39....'r1~, ...,::.!, ~.l ~f."" ..1,.,' ~ S.61.....tt.. U. .12 feet, .....,"', ", ' " '. M."'" f,,~ _0 thet'OlHT tW _il.1Ml40, then<* S.. ,.,.... ... 'It ~ eeet to tile f.~' of a ccmcttete seawail; theriee, al0n9 .aU .~.11. 8.23018117"". .83 '.19 feet: thence N .19 0 09 I 21"". 110.23 feet to the POINT OF BEGINNIMt). !C01'1ta'1n1f1g O. 07 aeres , more or lees. NOTES CONTINUED: 3._SUBJECI_TO- A ,10', FLORIDA POWER DISTRIBUTION. EASEMEtfi,l.'lJN(a..1i'-EACHSIDE OF THE FACILITIES AS RECORDED IN O.R. BOOK 5531, PAGE 1031 OF tHE PUBLIC RECORDS OF PINELLAS COUNTY, FLORIDA. 4. SUBJECT TO TRUSTEE OF THE INTERNAL I,*ROVEMENT FUND DEED RECORDED IN DEED BO, OK '531, PAGE 351. P.Y, BLlC ~E, CORDS OF PINJ;LLAS COlJm"Yj' FLORIDA. 5. LEGAL DESCRIPTION WAS PRePARED BY CUMBEY &FA'R, INC. 6. EASEMENTS OEPICTED HEREON REFLECT NATIONS tm.., E, IN. SUR. ~"CE OF NEW YbRK, INC; COMMITMENT NO. 18-038419 DATED 1-31-96 AS PREPARE" BY dOAt;._l. BONDED TITLE COMPANY OF CLEARWATER. 7. ALL DISTANCES ARE RECORD AND MEASURED UNL~SS OTHE~WISE NOTED. 2483 ENTI!RPRI8E RQAQ. CL~ARWATER. FLOlhbA 34623 . AL. I":: 2d I ,I ',I I :il ~O. . No.04 ?:J CITY lLuE..I....r co. N 120&4 < Ii <~, 1 I ~(Q)[PY TIllS SPECIAL WARRANTY DEED Made this /~!J- day of ~~ , A.D. 1996 by the CITY OF CLEARWATER, FLORIDA, a Municipal corporation of the state of Florida hereinafter called the Grantor, to CLEARWATER KEY ASSOCIATION - SOUTH BAY, INC., a Florida corporation whose Post Office address is: 1501 Gulf Boulevard, Unit 804, Clearwater, Florida 34630, hereinafter called the Grantee: (Whenever wed herein !be term .grantor. aDd .grantee. incJude all !be parties to this instnuneot and the heirs, legal represeo1Atives Jnd assigns of individuall. and !be successon and assigns of corporatioos) witnesseth, that the grantor, for and in consideration of $10.00 and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the grantee, all that certain parcel of real 'property situate in pinellas County, Florida, viz: A PORTION OF SECTION 19, TOWNSHIP 29 SOUTH, RANGE 15 EAST, PINELLAS COUNTY, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO. Together with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. IN COMPLIANCE WITH SEC. 2.665, CODE OF ORDINANCES OF THE CITY OF CLEARWATER, FLORIDA, THE PARTIES EXPRESSLY COVENANT AND AGREE AS FOLLOWS: A. Neither Grantee nor any successor grantee in title or interest shall use the property described herein for any purpose or purposes for which ad valorem property tax exemption would be available. B. Application by the Grantee, or any successor grantee in title or interest, to the property appraiser of pinellas County, Florida, for ad valorem tax exemption shall cause title to the property described herein to revert to the City of Clearwater automatically as of the date the application is filed and regardless of whether the application is ultimately granted or denied. C. This restriction and reverter shall run with the land and reverter hereunder shall be to the city absolutely and not to any intervening owner of the property. D. All subsequent deeds or other instrument of conveyance shall contain this restriction. This restriction and reverter shall run with the land in perpetuity. To Have and to Hold, the same in fee simple forever. Pag.e 1 of 2 . ~ I 1 subject to nondelinquent ad valorem taxes and current installments of special assessments not yet due and payable, to highways, rights-of-way, mineral reservations, licenses, easements and restrictions of record generallY, zoning ordinances and other governmental limitations, or others which might be disclosed by an accurate inspection and architectural survey. And the said Grantor does specificallY warrant the title to said land and will defend the same against the lawful claim of all persons claiming by, through or under Grantor except taxes for the year 1995 and subsequent, and subject to the matters hereinabove mentioned. 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 officers thereunto duly authorized, the day and year first above written. countersigned: CITY OF CLEARWATER, FLORIDA By: -#k~~-- Eli et M. Deptula city Manager ita Garvey Mayor-commissioner . ~. fl bJ'{r hia E. Goudeau, city Clerk STATE OF FLORIDA ) COUNTY OF PINELLAS ) , BEFORE ME, the undersigned, personally appeared Rita Garvey, the Mayor-commissioner of the city of Clearwater, Florida, who executed the foregoing instrument and acknowledged the execution thereof to be her free act and deed for the use and purposes herein set forth, and who is personally known to me. WITNESS my hand and official seal thisM-day of ~~ 1996. ~ ~. . Jf)l.lt. ') ..,,,,,... . /'~or.v fst-. DENISE A, WILSON otary PUbl(}.1 :{:::;? t ~ ! 'iJ ;~~Id.')j 1M """'SS'''H ~ 2O~'.JfX"RES pr lnt/type name: . ~'d>.~., JJne 15, 1990 -...'?r,,';;.... BONDED TH'lU TROY FAiN INSli1ANCE,11C STATE OF FLORIDA ) COUNTY OF PINELLAS ) BEFORE ME, the undersigned, personally appeared Elizabeth M. Deptula, the city Manager of the city of Clearwater, Florida, who executed the foregoing instrument and acknowledged the execution thereof to be her free act and deed for the use and purposes herein set forth, and who is personally known to me. WITNESS my hand and official seal this.bl. day of JJ f) ^ f\ 1-; 1996. . l~-:i'lf~~ DENISE A. WILSON '~:.: :.~ !IN COMMISSION' CC, 201408. EXPIRES ....., ,.:"~l June 18, 1996 '0. ,: if.... BONOED THRU TFiCV FAIN INSL'1ANCE,IIC. Approved as to form and legal ~~ ,," J n Carassas, ASslstant city sufficiency: - Attorney page 2 of 2 ~, 1 Sec, 1 9 Twp,~S, Rng.~ E. EXIllBIT "A" R = '909.86' t:. = 09'07''''. L = J04.27' C = 303.95' C.B. = N 2724'30.[ ~ ~'1- ~ ~. ~ ~, ~~ ~ ~ ~ ~ ~~ vi %''''' o \J', I N 22"50'39.[ 71.06' GULF BLVD. 4' CONC.N 22"50'39"E 27.75' F.C.I.R. 1/2" L.B. 2168 ~ SOUTHEAST CORNER or SECTION 19- 29- 15 J . 20 10 0 20 I r~ I SCALE IN fEET -~ ()) 4" lIGHT-d.. POLE 'P' JTl )> VI " :I: ~ o U. (() '0'1 () U, o ~ z " () () c ;0 w LEGAL DESCRIPTION CITY OF CLEARWATER TRANSfER TO SAND KEY CONDOMINIUM SOUTH BAY - 1501 GULf BOULEVARD From the Southeast corner of Section 19, Township 29 South, Range 15 East for o point of reference; thence N.89'04'01'W., along the South boundary of said Section 19, 2293.45 feet to a point on the centerline of Gulf Boulevard (0 50.00 foot half right of way): thence along said line by the following three (3) courses: (1) N.31'58'20"E., 826.95 feet to a point of curve: (2) along the arc of said curve to the left, hoving a radius of 1909.86 feet, an arc of 304.27 feet, a chord bearing and distance of N.2724'30" E., 303.95 feet and a delta angle of 09"07'41" to a point of tan~ency: (3) N.22"50'39"E., 71.06 feet: thence leaving said line, S.6709'21 E., 50.00 feet to 0 point on the Easterly right of way line of said Gulf Boulevard and the POINT Of BEGINNING: thence continue 5.67'09'21"E., 0 distonce of 96.52 feet; thence S,18'09'21"E,. 36.77 feet; thence N.67'09'21"W.. 120.64 feet to said right of way line; thence along said right of woy'line, N.22'50'39"E., 27.75 feet to the POINT OF BEGINNING. Containing 0.07 acres, more or less. CERTIFIED TO: ~. .. ''J ~ ;.......:.-' SAND KEY CONDOMINIUM SOUTH BAY - 1501 GULF BOULEVARD 1 ' , Job No. 0479 Sec, 1 9 TwP.~S. Rng.~ E. N If' ~~ ~(jl ~. ~ q.. ~ ~. (:) . ~~ ;J... o~ '" <.P u' ~ .)? (1 0'. F,C.I.R, 1/2" l.B, 2168 N R = 1909,86' 6. = 09'07'41" L = 304.27' C = 303,95' C.B. = N 27"24'30" E (/) 4' CONC.N 22.50'39"E 27.75' ~ (J) SOUTHEAST CORNER 4" LIGHT to OF SECTION 19-29-15 POLE '$. ~ (]1 N l"'1 0 ~ \J (.Jl to :r: CYI )> () (]1 ~ J 0 N z 0 . () c ;;0 CD \ 20 10 0 20 I r=~ I SCALE IN FEET SHEET 1 OF 2 LEGEND. FCM = Found Concrete Monument 4"x4" LS 2607 FIR = Found Iron Rod FCIR= Found Capped Iron Rod 1/2" LB #2168 SCIR = Set Capped Iron Rod 1/2" L.B, #2168 A/C = Air Conditioner ar:d Concrete Pad PCP = Permanent Contre'l Point PC = Point of Curvature CB = Chord Bearing POB = Point of Beginning LB = Licensed Business (P) = Platted (M).. =. .Measured (0 = Field (R) = Radial (C) = Calculated FND, = Found x 23.4/ = Elevation TC = Top of Curb CONC = Concrete SEE SHEET 2 OF 2 FOR DESCRIPTION AND NOTES THIS SURVEY NOT VALID UNLESS IMPRINTED WITH AN EMBOSSED SEAL HUD/FIA F.l.R.M. COMMUNITY PANEL NO. 125096 0014 B TYPE OF SURVEY DATE TYPE OF SURVEY PROP. HOUSE LOC. FINAL , HOUSE STAKEOUT UPDA TE V ACANT BOUNDARY FOUNDATION ~u~ o KATHLEEN C. LANZNER, L.S, #5120 FLORIDA REGISTERED SURVEYOR DATED, JUNE 1,1983 ZONE, A-11 (El.11) CUMBEY l F AIR, INC. ENGINEERING EI1 LAND SURVEYING 2463 ENTERPRISE ROAD EE) 2/29/96 CLEARWATER, FLORIDA 34623 CLWR. 797-8982 TPA. 223-4333 I HEREBY CERTIFY THIS SURVEY MEETS THE MINIMUM TECHNICAL STANDARDS AS SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL LAND SURVEYORS AND MAPPERS IN CHAPTER 61 G 17 -6, FLORIDA ADMINISTRATIVE CODE, PURSUANT TO SECTION 472.027, FLORIDA STATUTES. DATE - ':;':""c_' ...--""-:),. I , ' I Sec. 1 9 Twp.~S. Rng.~ E. Job No. 0479 LEGAL DESCRIPTION CITY OF CLEARWATER TRANSFER TO SAND KEY CONDOMINIUM SOUTH BAY - 1501 GULF BOULEVARD From the Southeast corner of Section 19, Township 29 South, Range 15 East for a point of reference; thence N.89"04'07"W., along the South boundary of said Section 19, 2293.45 feet to a point on the centerline of Gulf Boulevard (a 50.00 foot half right of way); thence along said line by the following three (3) courses: (1) N.31"58'20"E., 826.95 feet to a point of curve; (2) along the arc of said curve to the left, having a radius of 1909.86 feet. an arc of 304.27 feet, a chord bearing and distance of N.27"24'30" E., 303.95 feet ar.d a delta angle of 09"07'41" to a point of tangency; (3) N.22"50'39"E., 71.06 feet; thence leaving said line, S.67"09'21' E., 50.00 feet to a point on the Easterly right of way line of said Gulf Boulevard and the POINT OF BEGINNING; thence continue S.67"09'21"E., a distonce of 96.52 feet; thence S.18"09'21"E., 36.77 feet; thence N.67"09'21"W., 120.64 feet to said right of way line; thence along said right of way: line, N.22"50'39"E., 27.75 feet to the POINT OF BEGINNING. Containing 0.07 acres, more or less. ) Survey Notes: 1, Bearings are based on the South baundary af Section 19, Township 29 South, Range 15 East. Said line bears N,89"04'07" W, 2. Subject to a 10 foot Florida Power Distribution easement lying 5 feet each side of the facilities as recorded in O.R. Book 5531, Page 1031 of the Public Records of Pine lias County, Florida. 3. Legal Description prepared by Cumbey, & Fair, Inc, 4. All distance are record and measured unless otherwise noted. .... TYPE OF SURVEY PROP. HOUSE LOC. HOUSE STAKEOUT VACANT FOUNDA TION DATE TYPE OF SURVEY FINAL UPDATE BOUNDARY SHEET 2 OF 2 DA TE CUMBEY & FAIR, INC. ENGINEERING EI1 LAND SURVEYING 2463 ENTERPRISE ROAD EEl 2/29/96 CLEARWATER, FLORIDA 34623 CLWR. 797-8982 TPA. 223-4333 1r ,-,101'-' I ~v '-,"-,v_ ~--''-' i: ~ ,V.s. DF.PARTMENT OF HOUSING AND URBAN IEVELOPMENT . ~. ' . smLEMENT STATEMENT .,.." B. T PE OF LOA N 1. 0 FHA 2, 0 FMHA 3. 0 CON V. UNINS VA 5. CONY. INS. 6. FILE NUMBER' 96-17437 7. LOAN NUMBER' e, MORTGAGE INS. CASE NO.' C. NOTE: This form is furnished to give you a statement of actual settlement costs, Amounts paid to and by the settlement agent . are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. ;:!ij:;;~O~ROWER; "";"1': " SS~OFBORROWER: CL~WATER KEYA.S~OCIATION","SOUTH BAY, INC 15.01, GULF ..BOQXrEVUI),SUITE"" 306" CLEARWATER, FL 34630 ,',:' '. _' " ',j :",'" '" 'J' , :'1 ~ E, NAME OF SELLER: ADDRESS OF SELLER: CITY OF CLEARWATER, FLORIDA P. O. BOX 4748, CLEARWATER, FL 34618-4748 F.NAME ,OF LENDER: :~PR~,E~~()F. LENDER: !,"'?i','S.~~~,;~:-:.',' 0 - H.SE1JLEMENT AGENl: .J1 (;~,OFSETTLEMENl: METES AND BOUNDS XXX X GULF BOULEVARD CLEARWATER, Florida 34630 COASTAL BONDED TITLE CO. OF CLEARWATER 501 SOUTH FT~HARRISON, SUITE 203 CI,.EARWA'J.'IiiR,,'fLQRIDA 34616 I. SETTLEMENT DATE: March 22, 1996 SUMMARY OF BORROWER'S TRANSACTION G, PROPERTY LOCATION: 1Q~lf~.t4lff sales price 102. Personal property 103.1'~ttlemenrcha:~gestoborrower:' : ." ((rOl'1}ini3 ,,14PO) ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: 106~;9iiy/town taxes to 107. County taxes to 108. Assessments to 109. 1.10. 111. 112. 404. 405; ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: 406. City/town taxes to 407. County taxes to 408. Assessments to 409. 410. 411. 412. 207. 208.n 209. II . I 501. Excess deposit (see instructions) 502. ~ttle,nent charges to seller (line 1400) 503: Existing loan(s) taken subject to 504.~yoff of first mQrtgage loan 505. Payoff of second mortgage loan 506",,,,,' . " 507, 508. 509. 201. Deposit or earnest money ~0~!R{!\l9JP~ka,mouflt. of pew ,Ioan(s) , 20~.. Existing Ipan(s) taken subject to 204/' ,'.' , ' 210: City/town taxes 2ti.Co~,n,t'.Y.'"t, axes ;,-:..""'<",_!>,,,,',;:. 212, Assessments 21:f.:XCHANGE 214. 215, 216. ~.1.7- to to to ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: 510. City/town taxes to 511. County taxes to 512. Assessments to 34,475.00 51:EXCHANGE 514. 515. 516, 517. 518. 519. 520. TOTAL REDUCTIONS 34,475.00 IN AMOUNT DUE TO SELLER: ~ ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: 34,475.00 220. TOTAL PAID BY/FOR BORROWER: 35 101 50 300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TO FROM SELLER: 30t:~rp~sarT)oynt~ue from borrower (line 120) 30?'.bl~ambl,Jl'ltpaid by/for ' borrower (line 220) 34, 475 . 00 601. Gross amount due to seller (line 420) ( 34 , 475 . 00) 602. Less tQtal reductions In amount due seller (line 520) 34,475.00 35,101.50 ) 303. CASH (0 FROM) (~TO) BORROWER: o .00 603. CASH (0 TO) (KJ FROM) SELLER: ~ 626.50 8/89 . 904-398-8615 ~ S8,4-3538,ooO-1 , r HUD.1 (3-86) RESPA, HB 4305.2 CHARGES ~ ~ . ;~;701~;$( ",,:,'ct:,,",o,' 702. $ JQ3",Commission paid at settlement ,704. ~,g2~lPanOrjglnation fee' .802. Loan Discount 803tAppralslilFee to: 804. Credit Report to: 805ilJ.ender'~)nspecUon fee 806, Mortgage Insurance application fee to 807;;Assumptionfee 808. " IlI\Q '~''i'' .U)lf(r....~~,t;~",; , 810. 811Ji;);r 900, ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 991~:fnterestfrom@$Y: ' 902, Mortgage insurance premium for mo. to .,'99~~~g.r~J~~lJr.Q~epr~ml\llllf9~:;i,~",~;;;'b;;;;j3.,t ;1~W,';',';~l";Gj(~lii;,';;;;:,..l~~::':~I~~j,;A1J;;;;f.j;~~t:>it~~i!i~~~'~,'*1::1l' ~~., ' 904. Flood Insurance Premium for yrs. to 905~1*~;, 1000, RESERVES DEPOSITED WITH LEN DER: 1001:JHazard insurance 1002. Mortgage insurance 1oo~;Clty' property taxes 1001,County,property taxes 1005. Annual assessments 1006, Flood Insurance ;':",,;.J 1ooV';, 1008, 1009. months @ $ months @ $ months @ $ months @ t months @ $ months @ $ months @ $ months @ $ per month : per month per month, per month per month per month petmonth, ~., :,i . per month 1100, TITLE CHARGES: 1101. Settlement or closing fee to Coastal Bonded Ti tl e Co. 11021~iI\l:Istractor t1tleIl911I'Cnto Coastal $ondedlf:i.tle 110:Crltle examination to Coas tal Bonded Tit I e Co. "'1M!~!.!l.ln~lJr~n~~ipro4fti:;t9, 1~05',Document prep~rati?n to 1~jI.9!~J~~t,O,.I;,);i,ilf 1107. Attorney's fees to (includes above items Numbers: ,1 '" , " 'j~le,}rllura,pce~() ..';",.','.',... ;' ;,' ,r.~~!.~f;!.i~~9Ad.~cf.tl'~tl.~~'-~ ~;i:R~!: ., / '>';(incIUdep:~booje;ltsmSWq~}'i~~r~JtX~~::P~EI\ItW<<;.!~J.:9~ti1, 1109, Lender's coverage $ 111Q!9wner's coverage $34.1475. .00 1111- 1112., 1113. 1200, GOVERNMENT RECORDING AND TRANSFER CHARGES: 12WRecordingfees: Deed $ 1202, City/county tax/stamps: 1~~;~!~t~". ta)(/llta,nps: 1204. "'.;;<1:<; 12()5.;!:;:,' 15.00 Deed $ De6d$ ; Mortgage $ ; Mortgage $ 241.50 ; MortgageS ; Releases $ 1300, ADDITIONAL SETTLEMENT CHARGES: 1Mti~fY~y;t9';' . 1302. Pest inspection to 1303'-~f~-fitI "-!'"":;;--r7~0";. 1304, 1~~;;(k 1306. 1ao7~~;i 1400. TOTAL SmLEMENT CHARGES (Enter on line 103, Section J - and - line 502, Section K) .. PAID FROM BORROWER'S FUNDS AT SmLEMENT PAID FROM SELLER'S FUNDS AT SETTLEMENT 15.00 241. 50 626.50 I have carefully reviewed the HUD.1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of HUD.1 Settlement Statement. .,,,,w,,,::~fu :;:::tLjU'IN~. ""em ::~y ~~~ The HUD-l Setlla:em,"1 wh;,h I h", "eo,,'" ;, a I", "d """ate ",,,,", 'I !hI, ""'",11'0. I h", 03'''''' w;1I '"""!h, I""" I, b, disbursed in accordance wit this statement. Settlement Agent Date March 22 1996 AUDR ROCHEST File No. 96-17437 WARNING: 11 is a crime to knowlingly ake false statements to the United States on this or any other similar form. Penalties upon conviction :;~.o:: a "0'" Im"",,,omool. Fa, detail, "., Tltl, ,. u.s. Coda 1001 BO' ."'floo 1010. Page 2