K & P CLEARWATER ESTATE, LLC (2)
Document Prepared by & return to:
KENNETH G. ARSENAULT, JR.
TITLE AGENCY OF FLORIDA, INC.
10225 Ulmerton Rd. Suite 2
Largo, FL 33771
Parcel #
File #06-066
KEN BURKE, CLERK OF COURT
PINELLAS COUNTY FLORIDA
INST# 200615842404128/2006 at 11:04 AM
OFF REC BK: 15085 PG: 2109-2109
DocType:DEED RECORDING: $10.00
D DOC STAMP: $3500.00
WARRANTY DEED
THIS INDENTURE, made this 3(Jf. day of March 2006, between K & P CLEARWATER EST ATE, LLC, a
Florida limited liability company, hereinafter called the Grantor, to THE CITY OF CLEARWATER, FLORIDA, a
Florida municipal corporation, hereinafter called the Grantee, having the principal address of:
112 S. Osceola Avenue Clearwater, FL 33758
WITNESSETH: That the Grantors, for and in consideration of the sum of Ten Dollars ($10.00), and other good and valuable
considerations, the receipt and sufficiency of which is hereby acknowledged, by these presents do grant, bargain, sell, alien,
remise, release, enforce, convey and confirm unto the Grantees, all that certain parcel of land lying and being in the County of
Pinellas, State of Florida, more particularly described as follows:
07-1'l.1~- 5~380- oc(). OS-G,O
The southerly 20.0 feet of Lot 55; TOGETHER WITH Lots 56 and 103 LESS The southerly 20.0 feet thereof;
TOGETHER WITH the southerly 30.0 feet of Lot 102, LLOYD-WHITE-SKINNER SUBDIVISION, as recorded in Plat
Book 13, page 12, public records of Pinellas County, Florida.
SUBJECT TO TAXES FOR THE YEAR 2006 AND SUBSEQUENT YEARS
SUBJECT TO RESTRICTIONS AND EASEMENTS OF RECORD.
TO HAVE AND TO HOLD the same in fee simple forever.
and the Grantor hereby covenants with said Grantee that it is lawfully seized of said land in fee simple; that it has good
right and lawful authority to sell and convey said land; that it hereby fully warrants the title to said land and will defend the
same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances.
IN WITNESS WHEREOF, Grantors have hereunto set Grantors' hands and seals the day and year first above-written.
SIGNED SEALED AND DELIVERED
IN OUR PRESENCE:
Witnes~ S'li'Af,
K & P. CLEARWATER ESTATE, LLC
A Florida limited liability company
By: K & P Partners Limited Partnership,
a Florida limited partnership
As its Managing Member
~ Q ~01.2-
Witness #2: rrv=..ll'<E;'So. A-. \~Ia _<..,
By: K & P HOLDING, L.c.,
A Florida limited liability company
Its sole Gen ral artner
STATE OF FLW)D~~
COUNTY OF ~A '
_.__.Tbs,,;tcroQQjnginstruffl&.,t vms auk'luwi~ged before me tnlS ~ay of i/a;;T:I;--'~-2066,bY KIRA~J-C. PA TEL-~ .",
and PALLA VI K. PATEL, as Managers of K & P HOLDING, L.C., a Floridalimited liability company, as the sole General Partner
of K & P PARTNERS LIMITED PARTNERSHIP, a Florida Limited Partnership as Managing Member of K & P CLEARWATER
ESTATE, LLC, a Florida limited liability company
..:f /l-t.dJ id2d--
Notary Public ~ /,J . _ _._ ..
, ----T:' '1iIlVl1-lI<E~
Print or type name of Notary
~rSOnallY known
Florida Driver's License
Other Identification Produced
(SEAL)
..,*"':r.!/.rt.~ . T. Ruth Walker
;*: ,.~.~~ MY COMMISSION (J 00214776 EXPIRES
;~~ June 7, 2007
"~,rff..~ BONDED THRU TROY FAIN INSURANCE, INC.
,
Policy of Title Insurance
Commonwealth Land Title Insurance Company
Schedule A
Order Number: 41315312CA
Policy Number: A02-1l86325
Reference Number: 06-066
Amount of Insurance: $500,000.00
Date of Policy: The date shown below or the date of recording of the instruments referred to in Item 3, whichever is the later.
April 28, 2006 at 11 :04 a.m.
1. Name ofInsured
THE CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation
2. The estate or interest in the land described herein and which is covered by this policy is:
Fee Simple
3. Title to the estate or interest in the land is vested in:
THE CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation, by virtue of Warranty Deed recorded in
Official Records Book 15085, Page 2109, of the Public Records of Pin ell as County, Florida.
4. The Land referred to in this policy is described as follows:
(See attached Exhibit A for legal description)
)~J}L1
10225 Ulmerton Road #2
Largo, FL 33771
This policy is invalid unless a cover sheet and Schedule B are attached.
-'
Exhibit A
Policy Number: A02-1186325
PARCEL "E"
The southerly 20.0 feet of Lot 55; TOGETHER WITH Lots 56 and 103, LESS the southerly 20.0 feet thereof; TOGETHER WITH the
southerly 30.0 feet of Lot 102, LLOYD-WHITE-SKINNER SUBDIVISION, according to the map or plat thereof as recorded in Plat
Book 13, Pages 12 and 13, Public Records of Pin ell as County, Florida.
.'
Schedule B
Policy Number: A02-1186325
This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by
reason of:
1. Taxes and assessments for the year 2006, after date of recording the deed described in Schedule B, Section 1, Item 2, and
subsequent years, which are not yet due and payable.
2. Easements or claims of easements not shown by the Public Records, boundary line disputes, overlaps, encroachments, and
any matters not of record which would be disclosed by an accurate survey and inspection of the premises.
3. Terms, conditions, and provisions contained in Agreement For Development of Property between THE CITY OF
CLEARWATER, a Florida municipal corporation, and K & P CLEARWATER ESTATE, LLC., dated March 3,2005 and
recordediriOfficiil Records Book 1416g-,Page 2397. -
NOTE: All recording references in this commitment/policy shall refer to the Public Records of Pin ell as County, Florida, unless
otherwise noted.
NOTE: In accordance with Florida Statutes section 627.4131, please be advised that the insured hereunder may present inquiries,
obtain information about coverage, or receive assistance in resolving complaints, by contacting the Commonwealth Land Title
Insurance Company Regional Office, 201 South Orange Avenue, Suite 1350, Orlando, FL 32801 Telephone 407-481-8181.
OWNER'S POLICY OF TITLE INSURANCE
Issued by Commonwealth land Title Insurance Company
~~ LandAmerica
... Commonwealth
Commonwealth Land Title Insurance Company is a member of the
LandAmerica family of title insurance underwriters.
POLICY NUMBER
A02-118b325
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE BAND
THE CONDITIONS AND STIPULATIONS, COMMONWEALTH LAND TITLE INSURANCE COMPANY, a Pennsylvania 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 also will 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.
IN WITNESS WHEREOF, COMMONWEALTH LAND TITLE INSURANCE COMPANY has caused its corporate name and seal to be
hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or agent of the
Company.
COMMONWEALTH LAND TITLE INSURANCE COMPANY
Atlest:
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By:
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President
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 ttle 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 prior to 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 for the 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.
ALTA Owner's Policy (10/17/92) with Florida Modifications
Form 1190-21 B
Valid only if Schedules A and B are attached
ORIGINAL
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'~--~-..-==-~-=----=::-~~
-. ~!
CONDITIONS AND STIPULATIONS - continued
7. DETERMINATION AND EXTENT OF LIABILITY.
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 insured 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, attorneys' fees and
expenses incurred in accordance with Section 4 of these Conditions and
Stipulations.
8. APPORTIONM ENT.
If the land described in Schedule A consists of two or more parcels
which are n01used as_a singLe ~it~Lal1d aJoss i$~$tal:>li?l}edaffecJing()ne
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 any improvements 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 establishes 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 un marketability 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 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 Company 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, adverse to
the title as insured.
(c) The Company shall not be liable for loss or damage 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 Jhis_.policy~.excepLpaymentsmade for costs,
attomeys' fees and expenses, shall reduce the amount of the Insurance
pro tanto.
11. LIABILITY NONCUMULATIVE.
It is expressly understood that the amount of insurance 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, assumed, or taken subject, 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 Conditions and Stipulations,
the loss or damage shall be payable 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 subrogation. The insured
claimant shall permit the Company to sue, compromise or settle in the
name of 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
slJbrogatlol1. ___ ___ ___.___._ _ .
(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, guaranties, other policies of insurance or bonds,
notwithstanding any terms or conditions contained in those instruments
which provide for subrogation rights by reason of this policy.
14. ARBITRATION.
Unless prohibited by applicable law, arbitration pursuant to the Title
Insurance Arbitration Rules of the American 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
attorneys' fees only if the laws of the state in which the land is located
permit a court to award attorneys' fees to a prevailing party. Judgment
upon the award rendered by the Arbitrator(s) may be entered in any court
having jurisdiction thereof.
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 Company upon
request.
15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE
CONTRACT.
(a) This policy together with all endorsements, if any, attached
hereto by the Company is the entire policy and contract between the
insured and the Company. In interpreting 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 attached hereto signed by either
the President, a Vice President, the Secretary, an Assistant Secretary, or
validating 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 provisions 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 addressed to: Consumer Affairs Department, P.O.
Box 27567, Richmond, Virginia 23261-7567.
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