WINDWARD REFLECTIONS
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INST :8: 91-129986
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OFF.~EC.BK 7571 PG 1"
WARRAN'l'Y DEED
THIS INDENTURE made this {5.J1... day of 1v1~" ,
1991, between WINDWARD REFLECTIONS, INC., a Florida Corp ation,
a corporation existing under the laws of the State of Florida,
having its principal place of business in the County of Pinellas,
State of Florida, Party of the First Part, and THE CITY OF
CLEARWATER, a Florida MuniCipality, whose mailing address is:
Post Office Box 4748, Clearwater, Florida 34618-4748, of the
County of Pinellas, in the State of Florida, Party of the Second
Part,
WIT N E SSE T H:
That the said Party of the First Part, for and in
consideration of the sum of Ten ($10.00) Dollars to it in hand
paid by the said Party of the Second Part, the receipt whereof is
hereby acknowledged, has granted, bargained and sold to the said
Party of the Second Part, forever, the following described land,
situate lying and being in the County of Pinellas, State of
Florida,
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to-wit:
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Lot 7, Block "D", UNIT 5, ISLAND ESTATES OF
CLEARWATER, according to the map or plat thereof as
recorded in Plat Book 51, Page 34, Public Records
of Pinellas County, Florida.
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Subject to 1991 real estate taxes, restrictions,
reservations and easements of record.
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T~;l~~~~~~ Parcel/Tax I.D. # 08-29-15-43380-004-0070
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. And the said Party of the First Part 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 Party of the First Part has
caused these presents to be signed in its name by its President,
and its corporate seal to be affixed, attested by its Secretary
the day and year above written.
Delivered
By:
Name1<a:!::( It 'Ti:::~
Attest:
~~ ~~~) (SEAL)
~ E. HAR, ~R,.. Se retary
I~~!~LE~:..N F,..... I~_E,BL.AKEF~, ~.LJ;:BK
hlLORD VEhl~IED BY. ~_
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Prepared by and return to: ~
J. PAUL RAYMOND, Esquire
MCMullen, Everett, Logan,
Marquardt & Cline, P.A. . ~
400 Cleveland Street Dommllntary Tax Pit I <.23(, Je'...-
P.O. Box 1669 .'
Clearwater FL 34617 $ . Inta~glble TsxPd.
, Karleen F.~. r, Clerk, Plnellas County
By '--_ Deputy Cieri; I
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PINELLAS COUNTY FLA.
OFF.REC.BK 7571 PG 1880
STATE OF FLORIDA
COUNTY OF PINELLAS
I HEREBY CERTIFY that before me personally appeared
THEODORE J. BAIR and REX E. HARPER, as President and Secretary,
respectively, of WINDWARD REFLECTIONS, INC., to me known to be
the persons described in and who executed the foregoing
instrument and severally acknowledged the execution thereof to
their free act and deed as such officers, for the uses and
purposes therein expressed, and that they affixed thereto the
official seal of said corporation and the said instrument is the
act and deed of said corporation.
WITNESS my hand and ot~ia1 seal a
sa id coun ty and s ta te, th is. .,;..- day of
City of Clearwater
, 1991.
My
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23092340 WJB
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RECORDING
DOC ST MIPS
05-16-91 17:02:58
$10.50
.2 $2,365.00
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TOTAL:
CHICK N1T. TEtI)ERED:
CHANGE :
$.2,375.50
$1 371\ C;";
~ , .J D -,U
$0.00
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COMPLIANCE AGREEMENT
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STATE OF FLORIDA
COUNTY OF PINELLAS
SELLER (S) :WINDWARD REFLEC~TON~. TNr
PURCHASER (S): THE CITY OF CLEARWATER
PROPERTY: LOT 7, BLOCK "D", UNIT 5, ISLAND ESTATES OF CLEARWATER
The undersigned, whether purchaser(s), seller(s),
mortgagor(s) or mortgagee(s), in consideration of McMULLEN,
EVERETT, LOGAN, MARQUARDT & CLINE, P.A., Attorneys At Law,
effecting closing and the disbursement of funds as to the above
referenced property, for themselves, their successors and
assigns, covenant and agree to hereafter fully cooperate, adjust,
initial, re-execute and re-deliver any and all closing documents,
including but not limited to any notes, mortgages, deeds,
affidavits, and closing statements, and to make further economic
adjustments thereto if deemed necessary or desirable by said
Attorneys to fully comply wi th the terms and prov is ions of the
Agreement(s) between the parties, including amendments thereto,
and of the requirements of any lender involved herewith.
It is the intent of this Agreement that all documents shall
comply with, and accurably reflect the transaction(s) agreed to,
and the parties hereto agree to execute corrective documents
submi tted to them and make necessary adjustments wi thin 10 days
of mailing to them. Any party hereto, inCluding said Attorneys,
shall have the r igh t to br ing su i t to en force the prov is ions
hereof, and the prevailing party shall recover all costs and fees
incurred therein.
Dated effective this
THE CITY OF CLEARWATER
91
day of May 19~~.
WINDWARD REFLECTIONS, INC.
~
President
BY:
Purchaser
Purchaser
Seller
BY:
ETT, LOGAN,
~A.
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CITY OF CLEARWATER
Interdepartmental correspondence Sheet
TO:
Cynthia E. Goudeau, City Clerk
M. A. Galbraith, Jr., city Attorney ~
Exchange of land between City of Clearwater and
Windward Reflections, Inc. for future development
FROM:
RE:
DATE:
June 12, 1991
The subject exchange of land has been completed, and enclosed are
the following documents:
Contract for exchange of property for both properties
Copy of Assignment of Contract and option Agreement for both
properties
For Hillsborough County property:
Copy of Buyer's (Jacobsen) closing statement
Copy of Seller's (City) closing statement
Copy of warranty deed (City to Jacobsen)
Copy of Seller's (City) affidavit ("gap")
Copy of Seller's (City) no-lien affidavit
Copy of Florida Dept. of Revenue Transfers of Interest filing
form
For Island Estates Dropertv:
Closing statement for Island Estates property
Copy of warranty deed (Windward Reflections to City)
Title Commitment # C-1518023 issued by Attorney's Title
Insurance Fund, Inc. for Island Estates property
Survey of Island Estates Property
Copy of tax proration agreement for Island Estates property
Copy of compliance agreement for Island Estates property
I will forward the original warranty deed to the City and the title
policies to you when I receive them.
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CITY OF CLEARWATER
Interdepartmental Correspondence Sheet
TO:
Cynthia E. Goudeau, City Clerk
M. A. Galbraith~ Jr., City Attorney ~
Exchange of land between City of Clearwater and
Windward Reflections, Inc. for future development
FROM:
RE:
DATE:
July 2, 1991
As a follow-up to my memo of June 12, 1991, enclosed are the
following documents:
Original warranty deed (Windward Reflections to City for
Island Estates property)
Title Policy for Island Estates property
Copy of recorded warranty deed (City to Jacobsen for
Hillsborough County property)
Seller's closing statement for Hillsborough County property.
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Enclosures
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(American Land Title Association Owner's 1'01 icy - Form B 1970 - Amended 10-17-84)
OWNER'S TITLE INSURANCE POLICY
Attorneys' Title Insurance Fund, Inc.
ORlANDO, FLORIDA
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONTAINED IN
SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS
HEREOF, ATTORNEYS' TITLE INSURANCE FUND, INC., a Florida corporation, herein called
The Fund, insures, as of Effective Date of policy shown in Schedule A, against loss or damage,
not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and
expenses which The Fund may become obligated to pay hereunder, sustained or incurred by
the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested otherwise than as
stated therein;
2. Any defect in or lien 'Or encumbrance on such title;
3. Lack of a right of access to and from the land; or
4. Unmarketability of such title.
In Witness Whereof, ATTORNEYS' TITLE INSURANCE FUND, INC. has caused this policy to be
signed and sealed as of the date of policy shown in Schedule A, the policy to become valid
when countersigned by an authorized signatory.
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Attorneys' Title Insurance Fund, Inc.
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Charles J. Kovaleski
President
SERIAL
OPM- 537051 i
FUND FORM OPM/MO&059 (2/89)
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.OWNER'S FORM
.
Schedule A
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Policy No.: OPM 537051
Effective Date: May 16, 1991
at 5:40 p.m.
Agent's File Reference: #7052-B JPR
Amount of Insurance:
$ 430,000.00
1. Name ofInsured: THE CITY OF CLEARWATER, a Florida Municipa1i, ty
2. The estate or interest in the land described herein and which is covered by this policy is a fee simple (if other, specify
same) and is at the effective date hereof vested in the named insured as shown by instrument recorded in Official
Records Book 7571 ,Page s 1879 and 1880 , of the Public Records
of Pine1las County, Florida.
3. The land referred to in this policy is described as follows:
Lot 7, Block "0", UNIT 5, ISLAND ESTATES OF CLEARWATER,
according to the map or plat thereof as recorded in
Plat Book 51, Page 34, Public Records of Pinellas
County, Florida.
ISSUED BY
NAME OF AGENT
1455
AGENT NO,
McMULLEN, EVERETT, LOGAN,
MARQUARDT & CLINE, P.A.
P.O. Box 1669
MAILING ADDRESS
Clearwater
CITY
, Florida
34617
ZIP
Form OPM-SCH A (Rev, 2/89)
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FUN.D .oWNER'S FORM
, Schedule B
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Policy No.: OPM 537051
This policy does not insure against loss or damage by reason of the following exceptions:
1. Taxes for the year of the effective date of this policy and taxes or special assessments which are not shown as
existing liens by the public records.
2. Rights or claims of parties in possession not shown by the public records.
3. H~Kd\~~:i~~~Ei~)iK~~~~kBft(W>>KbdJb)f)U6KlJ(&m~)lKX~H<<'X
~~XUiH~Ui>>K>>f<<1U!~~*'XX
4. ~~Qtl(~~~~~I6}ft()1(Nx>~tJan(t>>kx~Jmx
5. AH~H~~~~XXlKIfl)(~M:ofoo:tx)XketIafcexmxoo~>>~ged~XiHK~
s~~HWJc)f~~
6. Covenants and restrictions contained in O.R. Book 586, Page 235 and
Plat Book 51, Page 34, both of the Public Records of Pinellas County,
Florida.
7. Reservations contained in TIIF Deed No. 17452 "F" to North Bay Company
dated May 15, 1959, recorded May 21, 1959, in O.R. Book 607, Page
361, Public Records of Pinellas County, Florida.
8. The premises herein described being artificially filled land in what
was formerly navigable waters, this policy is subject to any and all
rights of the United States Government and of the State of Florida
arising by reason of the United States Government control over navigable
waters in the interest of navigation and commerce and the inalienable
rights of the State of Florida in lands and waters of such character.
9. Riparian and littoral rights are not insured under this policy.
10. Subject to matters as shown on the survey prepared by Lloveras, Baur
and Stevens, dated May 2, 1991, under Job Number S-148370-V.
FUND Form arM - SCH. B (rev.10189)
Conditio~s ~I!d Stipulati,ns
. insured, and The Fund may take any appropriate action
under the terms of this policy, whether or not it shall be liable
thereunder, and shall not thereby concede liability or waive
any provision of this policy,
(d) Whenever The Fund shall have brought any action or
interposed a defense' as required or permitted by the
provisions of this policy, The Fund may pursue any such
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.
(e) In all cases where this policy permits or requires The
Fund to prosecute or provide for the defense of any action or
proceeding, the insured hereunder shall secure to The Fund
the right to so prosecute or provide defense in such action or
proceeding, and all appeals therein, and permit The Fund to
use, at its option, the name of such insured for such purpose,
Whenever requested by The Fund, such insured shall give
The Fund all reasonable aid in any such action or proceeding,
in effecting settlement, securing evidence, obtaining wit-
nesses, or prosecuting or defending. such action or proceeding,
and The Fund shall reimburse such insured for any expense
so incurred.
4. Notice of Loss - Limitation of Action
In addition to the notices required under paragraph 3 (b) of
these Conditions and Stipulations, a statement in writing of
any loss or damage for which it is claimed The Fund is liable
under this policy shall be furnished to The Fund within 90
days after such loss or damage shall have been determined
and no right of action shall accrue to an insured claimant until
30 days after such statement shall have been furnished,
Failure to furnish such statement of loss or damage shall
terminate any liability of The Fund under this policy as to
such loss or damage,
5. Options To Payor Otherwise Settle Claims
The Fund shall have the option to payor otherwise settle
for or in the name of an insured claimant any claim insured
against or to terminate all liability and obligations of The Fund
hereunder by paying or tendering payment of the amount of
insurance under this policy together with any costs,
attorneys' fees and expenses incurred up to the time of such
payment or tender of payment, by the insured claimant and
authorized by The Fund.
6. Determination and Payment of Loss
(a) The liability of The Fund under this policy shall in no
case exceed the least of:
(i) the actual loss of the insured claimant; or
(ii) the amount of insurance stated in Schedule A
(b) The Fund will pay, in addition to any loss insured
against by this policy, all costs imposed upon an insured in
litigation carried on by The Fund for such insured, and all
costs, attorneys' fees and expenses in litigation carried on by
such insured with the written authorization of The Fund,
(c) When liability has been definitely fixed in accordance
with the conditions of this policy, the loss or damage shall
be payable within 30 days thereafter,
7. Limitation of Liability
No claim shall arise or be maintainable under this policy
(a) if The Fund, after having received notice, of an alleged
defect, lien or encumbrance insured against hereunder, by
litigation or otherwise, removes such defect, lien or encum-
brance or establishes the title, as insured, within a reasonable
time after receipt of such notice; (b) in the event of litigation
until there has been a final determination by a court of
competent jurisdiction, and disposition of all appeals therefrom,
adverse to the title, as insured, as provided in paragraph 3
hereof; or (c) for liability voluntarily assumed by an insured in
settling any claim or suit without prior written consent
of The Fund,
I
1, Definition of T eons
The following terms when used in this policy mean:
(a) "insured": the insured named in Schedule A, and,
subject to any rights or defenses The Fund may have had
against the named insured, those who succeed to the interest
of such insured by operation of law as distinguished from
purchase including, but not limited to, heirs, distributees,
devisees, survivors, personal representatives, next of kin, or
corporate or fiduciary successors,
(b) "insured claimant": an insured claiming loss or damage
hereunder.
(c) "knowledge": actual knowledge, not constructive
knowledge or notice which may be imputed to an insured by
reason of any public records,
(d) "land": the land described, specifically or by reference in
Schedule A, and improvements affixed thereto which by law
constitute real property; provided, however, the term '1and"
does not include any property beyond the lines of the area
specifically 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 oftrust, trust deed, or other
security instrument,
(f) "public records": those records which by law impart
constructive notice of matters relating to said land.
2. Continuation of Insurance After Conveyance of Title
The coverage of this policy shall continue in force as of
Effective Date of policy in favor of an insured so long as
such insured retains an estate or interest in the land, or holds
an indebtedness secured by a purchase money mortgage
given by a purchaser from such insured, or so long as such
insured shall have liability by reason of covenants of warranty
made by such insured in any transfer or conveyance of such
estate or interest; provided, however, this policy shall not
continue in force in favor of any purchaser from such insured
of either said estate or interest or the indebtedness secured by
a purchase money mortgage given to such insured,
3. Defense and Prosecution of Actions - Notice of Claim
To Be Given by an Insured Claimant
(a) The Fund, at its own cost and without undue delay, shall
provide for the defense of an insured in all litigation consisting
of actions or proceedings commenced against such insured, or
a defense interposed against an insured in an action to enforce
a contract for a sale of the estate or interest in said land, to the
extent that such litigation is founded upon an alleged defect,
lien, encumbrance, or other matter insured against by this
policy.
(b) The insured shall notify The Fund promptly in writing
(i) in case any action or proceeding is begun or defense is
interposed as set forth in (a) above, (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 might cause loss or damage for which The Fund
may be liable by virtue of this policy, or (iii) if title to the estate
or interest, as insured, is rejected as unmarketable, If such
prompt notice shall not be given to The Fund, then as to such
insured all liability of The Fund shall cease and terminate in
regard to the matter or matters for which such prompt notice
is required; provided, however, that failure to notify shall in
no case prejudice the rights of any such insured under this
policy unless The Fund shall be prejudiced by such failure and
then only to the extent of such prejudice,
(c) The Fund shall have the right at its own cost to institute
and without undue delay prosecute any action or proceeding
or to do any other act which in its opinion may be necessary or
desirable to establish the title to the estate or interest as
CONDmONS AND STIPULATIONS (continued on reverse side)
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(piln1l!fuOJ) SNOllVII1dI.LS aNY SNOIJ1aNO;)
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(American land Title Association Commitment - 1966 Rev,)
,.,.,
COMMITMENT
Attorneys' Title Insurance Fund, Inc.
ORlANDO, FLORIDA
Commitment To Insure Title
ATTORNEYS' TITLE INSURANCE FUND, INC., a Florida corporation, herein called The Fund,
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; 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
Fund, 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 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 Fund.
In Witness Whereof, AITORNEYS' TITLE INSURANCE FUND, INC. has caused this Commit-
ment to be signed and sealed as of the effective date of Commitment shown in Schedule A, the
Commitment to become valid when countersigned by an authorized signatory.
11111111111.""
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Attorneys' Title Insurance Fund, Inc.
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Charles J. Kovaleski
President
SERIAL
c.. 1518023
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I FUND C6i;1MlTMENT FORM I
Schedule A
Commitment No.: 1518023 Effective Date: April 10, 1991
at 11:00 p.m.
Agent's File Reference: # 7052 - B JPR
1. Policy or Policies to be issued:
Proposed Amount of Insurance
OWNER'S: $ 430,000.00
Proposed Insured: THE CITY OF CLEARWATER, A FLORIDA MUNICIPALITY
MORTGAGEE: $
Proposed Insured:
2, The estate or interest in the land described or referred to in this commitment is a fee simple (if other, specify same)
and title thereto is at the effective date hereof vested in: WINDWARD REFLECTIONS, INC.
3. The land referred to in this commitment is described as follows:
Lot 7, Block "0", UNIT 5, ISLAND ESTATES OF CLEARWATER,
according to the map or plat thereof as recorded in Plat
Book 51, Page 34, Public Records of Pinellas County, Florida.
ISSUED BY
McMULLEN, EVERETT, LOGAN,
MARQUARDT & CLINE, P.A.
1455
NAME OF AGENT
AGENT NO.
Clearwater
34617
P.O. Box 1669
, Florida
MAILING ADDRESS
CITY
ZIP
FUND Form C-SCH, A (rev. 1/90)
I FUND cOMMriMENT FORM I
Schedule B
Commitment No.: 1518023
I. The following are the requirements to be complied with:
1. Payment of the full consideration to, or for the account of, the grantors or mortgagors,
2. Instruments creating the estate or interest to be insured which must be executed, delivered and filed for record:
(a) Satisfa of Mortgage properly executed and recorded releasing
subject D perty from those certain Mortgages further described in
Schedu I " in.
properly executed and recorded from Windward
lections, Inc., conveying subject property to the City of Clearwater,
Municipality.
II. Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are
disposed of to the satisfaction of The Fund:
2.
fects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public
cords ac mg s sequent e ec e date ut prior to ensure acquires
fo ~~e !o~, co" rd the e e or interest or mortgage thereon covered by this commitment.
57/r;t'~Z:/
Any owner p~cy issued pursuant hereto will contain under Schedule B the standard exceptions set forth at the
inside cover hereof. Any mortgagee policy will contain under Schedule B the standard exceptions unless an
affidavit of possession and a satisfactory current survey are submitted, an inspection of the premises is made, it
is determined the current year's taxes or special assessments have been paid, and it is determined there is
nothing of record which would give rise to mechanics' liens which could take priority over the mortgage (where
the liens would otherwise take priority, submission of waivers is necessary).
SEE ATTACHED FOR ADDITIONAL EXCEPTIONS...
FUND Form C-SCH, B (rev 6/90)
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Exceptions continued...
bject to mortgage executed by Clearwater Marine Science
Inc., in favor of First Florida Bank, N.A., dated June
, recorded July 10, 1986, in O.R. Book 6267, Page 1929,
Public R cords of Pinellas County, Florida. Said mortgage was
modified that certain Agreement for Assumption and
Modificati of Mortgage, dated November 23, 1987, recorded
November 25, 1987, in O.R. Book 6629, Page 2238; further modified
by that certa'n Extension Agreem dated December 30, 1988,
recorded Janua 26, 1989, in .R. Book 6924, Page 1679; further
modified by that certain E ension Agreement dated June 14, 1989,
recorded June 27, 989, , O.R. Book 7030, Page 352; further
modified by that ce ta' Agreement dated November 13, 1989,
recorded De em r 19 1989, in O.R. Book 7156, Page 1855; further
modif'e b t c ta'n Agreement for Extension, Renewal and
Modi c f rtgag and Note, dated June 14, 1990, recorded
Ju 90, n O.R. Bo k 7304, Page 2363; further modified by
th in reement for xtension, Renewal and Modification of
M t ~o e dated Nove er 21, 1990, recorded December 5,
1990 .ok 7441, Page 036; further modified by that
cert l' f Future Advan e, recorded January 8, 1991, in
O.R. B 6,~age 745, all as ecorded in the Public Records
of Pine ounty, Florida.
and Rent by and
and First Florida
in O.R.
Florida.
Mar ine Sc ience
Inc., dated June
6267, Page 1935,
6. Covenants and restrictions contained in G.R. Book 586, Page
235 and Plat Book 51, Page 34, both of the Public Records of
Pinellas County, Florida.
7. Reservations contained in TIIF Deed No. 17452 "F" to North
Bay Company dated May 15, 1959, recorded May 21, 1959, in O.R.
Book 607, page 361, Public Records of Pinellas County, Florida.
8. The premises herein described being artificially filled land
in what was formerly navigable waters, this policy is subject to
any and all rights of the United States Government and of the
State of Florida arising by reason of the United States
Government control over navigable waters in the interest of
navigation and commerce and the inalienable rights of the State
of Florida in lands and waters of such character.
9. Riparian and littoral rights are not insured under this
policy.
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Standarlt Exceptions
I
The owner policy will be subject to the mortgage, if any, noted under item two of Section I of Schedule
B hereof. All policies will be subject to the following exceptions: (1) taxes for the year of the effective date
of this Commitment and taxes or special assessments which are not shown as existing liens by the
public rec",ds; (~p~s :..t~';;:~ ~::~~:' ~.::: :~:, ~~:~ :.t::':,l,~,'~dr' (3)
e:c:...-:: ~b:~i'=;~ ~~~~. .~ d ;;;;; ;;''';::;'~ :::;~ ~d by
:::;::.&~;J: (ec:~~:1..ec ~r~::t~~~:L:~ ~~:~~~.:::~~,~-::~~:;!,
N~~'7;~h~:~~
Conditions an;{g~ations
1. 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
Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge
to The Fund in writin& The Fund shall be relieved from liability for any loss or damage resulting
from any act of reliance hereon to the extent The Fund is prejudiced by failure to so disclose such
knowledge. If the proposed Insured shall disclose such knowledge to The Fund, or if The Fund
otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other
matter, The Fund at its option may amend Schedule B of this Commitment accordingly, but such
amendment shall not relieve The Fund from liability previously incurred pursuant to paragraph 3 of
these Conditions and Stipulations.
3. Liability of The Fund 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 committed 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, 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 Coverage 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 Fund 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 provisions of this
Commitment.
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CONTRACT FOR EXCHANGE OF PROPERTY
THIS CONTRACT is made and entered into as of the /~~day of
1991, by and between the Ci ty of Cl ea rwater, a Flori da
ipality (referred to herein as the "CITY") and Windward Reflections, Inc.
(referred to herei n as the "COMPANY") for the purpose of exchangi ng two
parcels of real property.
The parties hereto agree as follows:
1. Exchange of Property.
(a) The COMPANY shall sell and the CITY shall buy the property
described as Lot 7, Island Estates Subdivision, Unit 5, City of Clearwater,
upon the terms and conditions set forth herein.
(b) The CITY shall sell and the COMPANY shall buy the property
described in Exhibit A attached hereto (herein, "Parcel 2"), upon the terms
and conditions set forth herein.
2. Definitions.
In this Contract, "Seller" shall mean the COMPANY with respect to Parcel
1 and the CITY with respect to Parcel 2. "Purchaser" shall mean the CITY with
respect to Parcel 1 and the COMPANY with respect to Parcel 2.
3. Purchase price.
It is mutually agreed that Parcel 1 is valued at $430,000 and Parcel 2
is val ued at $430,000. The transfer of each parcel by one party to the other
shall constitute the full and sufficient consideration for the transfer of the
other parcel.
4. Closing date.
This transaction shall be closed and the deeds and other closing papers
delivered no later than fifteen (15) days after approval by the Clearwater
City Commission.
5. Title evidence.
Each party agrees to purchase, at its expense, a title insurance policy
from a Florida-licensed title insurer, and to deliver to the other party, not
less than ten (10) days prior to closing, a commitment for title insurance in
the amount of $430,000 for Parcel 1 and $430,000 for Parcel 2, which
commitment shall show a marketable, unencumbered fee simple title to the
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parcel in the Seller thereof, subject only to liens, encumbrances, exceptions
or qualifications set forth in this contract and those which shall be
di scharged by the Sell er at or before cl osi ng. The Purchaser shall have not
less seven (7) days after the del ;very of the ti tl e commi tment for the
examination thereof, and within said period shall notify the Seller in writing
of any objections to the title. If this notification is not given at least
three (3) days prior to closing, then said title shall be conclusively deemed
to be acceptable to the Purchaser. In the event that the title of the Seller
is not good and marketable, the Seller shall have a reasonable time
thereafter, but not more than one hundred twenty (120) days from receipt of
notice from the Purchaser, to make a diligent effort to protect the title; and
if the defects are not cured within such time, the Purchaser may either cancel
this contract or waive the defects and accept the property without deduction
on account of said defects.
6 . Survey.
Within the time allowed for delivery of the title insurance commibnents,
each parcel shall be surveyed by a registered Florida surveyor, and the costs
thereof shall be borne by the CITY for Parcel 2 and by the COMPANY for Parcel
1. If the surveys show any encroachment on a parcel or that improvements
intended to be located on the parcel in fact encroach on setback lines,
easements, lands of others, or violate any restrictions, contract covenants or
applicable governmental regulations, the same shall be treated as a title
defect.
7. Excavation and Du.ping of Refuse.
Sell er warrants and represents that it has not performed and has no
knowledge of any excavation, dumping or burial of any refuse materials of any
nature whatsoever on the property other than treated municipal waste treatment
plant sludge as permitted by the Florida Department of Environmental
Regulations and said sludge will not impede or adversely effect residential
development. In the event of a breach of thi s wa rranty, the Company I S remedy
shall be limited to payment of the purchase price in the amount of $430,000.00
by the Ci ty to the Company or its successor in titl e and interest, upon
reconveyance of the property to City.
8. Costs.
The CITY agrees to pay for the documentary stamps to be placed on each
of the warranty deeds and the costs for recording the same for Parcel 2. The
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COMPANY agrees to pay for documentary stamps to be p1 aced on each of the
warranty deeds and the costs for recording the same for Parcel 1.
9. Documents for closing.
With respect to each parcel, the Seller thereof shall furnish the deed,
mechanic's lien affidavit and any corrective instruments that may be required
in connection with perfecting the title thereto.
10. Conveyance.
As to each parcel, the Sell er thereof shall convey ti t1 e to the parcel
by a statutory warranty deed, subject only to zoni ng, restri cti ons,
prohibitions and other requirements imposed by governmental authority, and
public utility easements of record; provided, however, that there exists at
closing no violation of the foregoing.
11. Contract not recordable; persons bound; notice.
Nei ther thi s contract nor any noti ce thereof shall be recorded in any
public records. This contract shall bind and inure to the benefit of the
parti es hereto and thei r successors in interest. Notice gi ven by or to the
attorney for any party shall be as effective as if given by or to said party.
12. Occupancy.
As to each parcel, the Seller thereof represents to the other that there
are no parties in occupancy other than the Seller, and that the Seller agrees
to deliver occupancy of the parcel at the time of closing.
13. Contract Assignable.
This contract may be assigned by the Company to William L. Jacobsen,
17000 Patterson Road, Odessa, Florida 33556.
14. No brokers.
Each party affi rmative1y represents to the other party that no brokers
have been i nvo1 ved in thi s transacti on and that no broker is enti t1 ed to
payment of a real estate commission because of this transaction.
15. Prorations.
Taxes and assessments shall be prorated through the day prior to
closing. Cash at closing shall be increased or decreased as may be required
by said prorations. Taxes shall be prorated based on the current year's tax
with due allowance made for maximum allowable discount and homestead or other
exemptions if allowed for said year. If closing occurs at a date when the
current year's millage is not fixed, and current year's assessment is
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available, taxes will be prorated based upon such assessment and the prior
year's mi 11 age.
If current year's assessment is not available, then taxes
wi 11 be prorated on the pri or year's tax. Any tax prorati on based on an
estimate may at the request of either party be subsequently readjusted upon
receipt of the tax bill.
The provi si ons of thi s paragraph shall survi ve
closing.
16. Radon Gas Notice.
Radon is a naturally occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks
to persons who are exposed to it over time. Level s of radon that exceed
federal and state guidelines have been found in buildings in Florida.
Addi ti onal i nformati on regardi ng radon and radon testi ng may be obtai ned from
Pinellas County Health Department.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals on
the dates set forth above and their respective signatures.
CITY OF CLEARWATER, FLORIDA
Countersigned:
By
Approved as to form
and correctness:
Attest:
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WINDWARD REFLECTIONS, INC.
Date of Execution:
BY~~'~
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'il'~': EXHIBIT A
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05/16/91
15:56
'5'1020
McMULLEN, EVERETT
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~e.id WILL1Al-'. ...
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4, ,"\U ,,-.:presentations an(j wcu~D.llti$8 lllade by the CITY
OF CLEARWATER to WINDWARD REFLECTIONS, INC. shall be de.med to be
[it] 004
, 05/16/91
15:57
,/' ~
'5'1020
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McMULLEN, EVERETT
J
tu WILLIAM L. JACOBSEN upon the
.':-:~ ;'":,,,,:ideJflti()I, fCI s',Jc::l, <J:;~~iQnment.
W 1 r.[),.; :'. r<.:) Ren. Be'I I UNS .
TNC,
and
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~,,-,l,J9 (j!'"j rU?dl.s on the date
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A ,~,... 05/16/91 15:57 '6'1020 McMULLEN. EVERETT I4J 005
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WI!'lDWAr.O RE:FLb.;C':'IONti;
UK. and
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r.<..tli:,lut ~3{ran'.y, t..,', WILLIAM L. JA(~OaSEN upon the
:.; ,,,\ , (Hill ,t I.) i '. r le':~)H:)1Je r at 1 t_H I f 01 'HH':~ .'} FHJl g=llllen t ,
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U*'t" t.01"t.n :ll.;)(t' t.J ,.;.....r I,Anu'~~
WINOWARD REFLeCTIONS, INC,
;':.Qt eo:
By:
note.
,
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WI LLI1\M L. ,IN.-ORSEN
v
I I
C LOS I N G S TAT E MEN T
McMullen, Everett, Logan, Marquardt & Cline, P.A.
Seller: WINDWARD REFLECTIONS, INC., A FLORIDA CORPORATION
Purchaser: THE CITY OF CLEARWATER, A FLORIDA MUNICIPALITY
Date: MAY 15, 1991
Description of Property: LOT 7, BLOCK nD-, UNIT 5, ISLAND
ESTATES OF CLEARWATER
CREDITS TO SELLER:
Total Purchase Price
$430,000.00
CREDITS TO PURCHASER:
Taxes for 1991, prorated
$ 1,758.06
$428,241.94
$430,000.00
Balance to close
$430,000.00
STATEMENT TO PURCHASER:
Balance to Close
$428,241. 94
$428,241.94
Total required to close
STATEMENT TO SELLER:
Balance to Close
$428,241. 94
Expenses:
Documentary Stamps on Deed
Record Deed
Title Insurance premium
Record Release of Mortgage
Payoff First Florida Bank
c.r.s. Search Fee
Survey
$ 2,365.00
10.50
2,325.od
6.00
346,463.90
12.50
POC
Check attached:
77,059.04
$428,241. 94
$428,241. 94
SELLER:
PURCHASER:
WINDWARD REFLECTIONS, INC.
THE CITY OF CLEARWATER
BY:
~~~ c.~~.
SECTION
8 TOWNSHIP 29 SOUTH, RANG
15
EAST
PREPARED FOR:
Windward Reflections. nc
. I .
c/o r1r. Rex E. Harper
Harper, Van Scoik & Co.
2111 Drew Street
Clearwater, FL 34625
DESCRIPTION:
Lot 7, Block 0, Unit 5, ISLAND ESTATES OF CLEARWATER,
according to the plat thereof recorded in Plat Book 51,
Page 34 of the Public Records of Pinellas County,
Florida.
CERTI FI ED TO:
Windward Reflections, Inc.
and
City of Clearwater
and
~ullen, Everett, Logan,
r,1arquardt & Cline, P.A.
and
~orneys' Title Insurance
Fund
IJ07C:
71-1/& Lel /f:} /,(j ZOI../E 4/Z (ti,/Z), ,PER FLOOD
//J5(J/?~1tU'(Y R4TE M4P, COMM{/,(j/TV-/WJE!.
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LLOVERAS, &AVR AND Sf EVENS
ENIINEEIt. - IUItVI'tORI
uru U,I, HW't, II 1I0ltTH CLEARWATIIt, 'LORIDA
PHOIlI!: 7I4-S'"
OUWN tv ,4#
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5,~'91 .,..,.. ~
14811
ItEVISIONS
W.O. No.
5- /48571J-V
B-/4f/tl- V
APPROVED tv f~
DATI: SEPT: ~8, /'1?tJ
SCALE: !"=3tJ'
P. t. - T. 'wae~:. _\. c
P.<J, - DEdi DAti TeItM,tMI
BOUNDARY SURVEY
~
I
M~MULLEN, EVERETT, LOGAN, MARQUARDT & CLINE, P. A.
FIRST NATIONAl. BANK BUII.DING
400 CI.EVEI.AND STREET, CI.EARWATER, FI.ORIDA 34615
P. O. BOX 1669
.JOHN TWEED M"MUI.I.EN
FRANK C.1.0GAN
EM II. C. MAROUARDT, JR.
HARRY S. Cl.INE
.J. PAUl. RAYMOND
.JAMES A.MARTIN..JR.
STEPH EN 0, COI.E
MARGOT PEOUIGNOT
R. NATHAN HIGHTOWER
ROBERT C. DICKINSON, III
THOMAS C. NASH, II
NANCY S. PAIKOFF
CLEARWATER, FLORIDA 34617
(813) 441-8966
OF COUNSEL
JOE S. EVERETT
.JOHN P. SOUTHMAYD
WII.I.IAM E. NODINE
PAI.M HARBOR OFFICE
(813) 785-4402
33801 HWY.19 NORTH
PAI.M HARBOR, FI. 34684
FAX (8131 442-8470
TAX PRORATION AGREEMENT
RE: WINDWARD REFLECTIONS, INC. sale to THE CITY OF CLEARWATER
Lot 7, Block "D", UNIT 5, ISLAND ESTATES OF CLEARWATER
It is understood and agreed by the undersigned parties to the
above referenced transaction that the proration of taxes for the
current year as stated in the closing statement is an estimate
based on information available at the time of Closing.
Upon the request of any party,
hereto that the proration will
closing between themselves when
the current year's taxes.
it is agreed between the parties
be adjusted as of the date of
the tax bills are received for
The parties hereto agree that McMullen, Everett, Logan, Marquardt
& Cline, P.A. shall in no way be liable for the difference
between the tax proration shown on the closing statement and that
resulting from the actual tax bill themselves. Neither shall
said firm be liable should either of the parties fail or refuse
to abide by the terms of this agreement.
Purchaser
THE CITY OF CLEARWATER
BY: ~