PV - PELICAN WALK LLCPREPARED BY AND RETURN TO:
J. PAUL RAYMOND, Esq.
Macfarlane, Ferguson & McMullen
625 Court Street, Suite 200
Post Office Box 1669
Clearwater, Florida 33756
WARRANTY DEED
KEN BURKE, CLERK OF COURT
AND COMPTROLLER PINELLAS COUNTY, FL
INST# 2016395538 12/30/2016 at 11:40 AM
OFF REC BK: 19467 PG: 91 -92
DocType :DEED RECORDING: $18.50
D DOC STAMP: $79203.60
THIS INDENTURE, Made this �r t day of December, 2016, between PV- PELICAN
WALK, LLC, a Florida limited liability company, whose address is 2901 Rigsby Lane, Safety
Harbor, Florida 34695, grantor, and THE CITY OF CLEARWATER, FLORIDA, a Florida
municipal corporation and political subdivision of State of Florida, whose address is 112 South
Osceola Avenue, Clearwater, Florida 33756, grantee.
WITNESSETH, That said grantor, for and in consideration of the sum of Ten Dollars,
and other good and valuable considerations to said grantor in hand paid by said grantee, the
receipt whereof is hereby acknowledged, has granted, bargained and sold to the said grantee, and
grantee's heirs and assigns forever, the following described land, situate, lying and being in
Pinellas County, Florida, to -wit:
Condominium Unit PUB of NORTH BEACH PLAZA
CONDOMINIUM, a Condominium, according to the Declaration
of Condominium thereof, recorded in Official Records Book
19444, Page 145, and any amendments thereto, and the plat thereof
recorded in Condominium Plat Book 159, Page 91, of the Public
Records of Pinellas County, Florida, together with its undivided
share in the common elements appurtenant thereto.
SUBJECT TO taxes for the year 2017 and subsequent years.
Tax Parcel No.:
and said grantor hereby fully warrants the title to said land, and will defend the same against the
lawful claims of all persons whomsoever.
"Grantor" and "grantee" are used for singular or plural, as context requires.
1
IN WITNESS WHEREOF, Grantor has hereunto set grantor's hand and seal the day and
year first above written.
Signed, sealed and delivered
in our presence:
STATE OF FLORIDA
COUNTY OF PINELLAS
PV- PELICAN WALK, LLC, a
Florida limited li. ompany
By:
Charles A. Ernst, Jr.
Operating Manager
I HEREBY CERTIFY that on this day personally appeared before me, an officer duly
authorized to take acknowledgements, CHARLES A. ERNST, JR. as Operating Manager of
PV- PELICAN WALK, LLC, a Florida limited liability company, on behalf of the company,
who is personally known to me or who has produced as identification,
and he is We-person described in and who executed the foregoing Warranty Deed and he
acknowledged then and there before me that he executed the same as such Operating Manager on
behalf of said limited liability company for the purposes therein expressed; and that said Deed is
the act and deed of said limited liability company.
WITNESS my hand and official seal this 2.q day of December, 2016.
SAY Pf%�•. CAR1L MC
' MY COMMISSIONER 39990
„, a EXPIRES: October 21, 2m018
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My ission expires:
Owner's Policy
Owner's Policy of Title Insurance
(with Florida modifications)
ISSUED BY
First American Title Insurance Company
POLICY NUMBER
5011412- 829592
Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to
the Company at the address shown in Section 18 of the Conditions.
COVERED RISKS
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE
CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the "Company ") insures, as of Date of Policy against
loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of:
1. Title being vested other than as stated in Schedule A.
2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from
(a) A defect in the Title caused by
(i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation;
(ii) failure of any person or Entity to have authorized a transfer or conveyance;
(iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;
(iv) failure to perform those acts necessary to create a document by electronic means authorized by law;
(v) a document executed under a falsified, expired, or otherwise invalid power of attorney;
(vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means
authorized by law; or
(vii) a defective judicial or administrative proceeding.
(b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid.
(c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate
and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land
onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land.
3. Unmarketable Title.
4. No right of access to and from the Land.
(Covered Risks Continued on Page 2)
In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of
Date of Policy shown in Schedule A.
First American Title Insurance Company
Dennis J. Gilmore
President
101,44,1".6,-/v
Jeffrey S. Robinson
Secretary
(This Policy is valid only when Schedules A and B are attached)
Copyright 2006 -2009 American Land Title Association. All rights reserved. The use of this form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 5011412 (7-1-14)
Page 1 of 6 I ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
COVERED RISKS (Continued)
5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting, or relating to
(a) the occupancy, use, or enjoyment of the Land;
(b) the character, dimensions, or location of any improvement erected on the Land;
(c) the subdivision of land; or
(d) environmental protection
if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the
extent of the violation or enforcement referred to in that notice.
6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement
action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice.
7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records.
8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge.
9. Title being vested other than as stated in Schedule A or being defective
(a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the
title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer
constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or
(b) because the instrument 9f transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state
insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records
(i) to be timely, or
(ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor.
10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or
has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of
transfer in the Public Records that vests Title as shown in Schedule A.
The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the
extent provided in the Conditions.
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 that arise by reason of:
1. (a) Any law, ordinance, permit, or governmental regulation
(including those relating to building and zoning) restricting,
regulating, prohibiting, or relating to
(i) the occupancy, use, or enjoyment of the Land;
(ii) the character, dimensions, or location of any
improvement erected on the Land;
(iii) the subdivision of land; or
(iv) environmental protection;
or the effect of any violation of these laws, ordinances, or
governmental regulations. This Exclusion 1(a) does not
modify or limit the coverage provided under Covered Risk 5.
(b) Any governmental police power. This Exclusion 1(b) does
not modify or limit the coverage provided under Covered
Risk 6.
2. Rights of eminent domain. This Exclusion does not modify or
limit the coverage provided under Covered Risk 7 or 8.
3. Defects, liens, encumbrances, adverse claims, or other matters
(a) created, suffered, assumed, or agreed to by the Insured
Claimant;
1 Form 5011412 (7 -1 -14) Page 2 of 6 I
(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 that would not have been
sustained if the Insured Claimant had paid value for the
Title.
4. Any claim, by reason of the operation of federal bankruptcy,
state insolvency, or similar creditors' rights laws, that the
transaction vesting the Title as shown in Schedule A, is
(a) a fraudulent conveyance or fraudulent transfer; or
(b) a preferential transfer for any reason not stated in Covered
Risk 9 of this policy.
5. Any lien on the Title for real estate taxes or assessments
imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or
other instrument of transfer in the Public Records that vests Title
as shown in Schedule A.
ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
CONDITIONS
1. DEFINITION OF TERMS
The following terms when used in this policy mean:
(a) "Amount of Insurance ": The amount stated in Schedule A, as
may be increased or decreased by endorsement to this
policy, increased by Section 8(b), or decreased by Sections
10 and 11 of these Conditions.
(b) "Date of Policy ": The date designated as "Date of Policy" in
Schedule A.
(c) "Entity ": A corporation, partnership, trust, limited liability
company, or other similar legal entity.
(d) "Insured ": The Insured named in Schedule A.
(i) The term "Insured" also includes
(A) successors to the Title of the Insured by operation
of law as distinguished from purchase, including
heirs, devisees, survivors, personal representatives,
or next of kin;
(B) successors to an Insured by dissolution, merger,
consolidation, distribution, or reorganization;
(C) successors to an Insured by its conversion to
another kind of Entity;
(D) a grantee of an Insured under a deed delivered
without payment of actual valuable consideration
conveying the Title
(1) if the stock, shares, memberships, or other
equity interests of the grantee are wholly -
owned by the named Insured,
if the grantee wholly owns the named Insured,
if the grantee is wholly -owned by an affiliated
Entity of the named Insured, provided the
affiliated Entity and the named Insured are
both wholly -owned by the same person or
Entity, or
(4) if the grantee is a trustee or beneficiary of a
trust created by a written instrument
established by the Insured named in Schedule
A for estate planning purposes.
(ii) With regard to (A), (B), (C), and (D) reserving, however,
all rights and defenses as to any successor that the
Company would have had against any predecessor
Insured.
"Insured Claimant ": An Insured claiming loss or damage.
"Knowledge" or "Known ": Actual knowledge, not constructive
knowledge or notice that may be imputed to an Insured by
reason of the Public Records or any other records that impart
constructive notice of matters affecting the Title.
"Land ": The land described in Schedule A, and affixed
improvements that by law constitute real property. The term
"Land" does not include any property beyond the lines of the
area described in Schedule A, nor any right, title, interest,
estate, or easement in abutting streets, roads, avenues,
alleys, lanes, ways, or waterways, but this does not modify or
limit the extent that a right of access to and from the Land is
insured by this policy.
(h) "Mortgage ": Mortgage, deed of trust, trust deed, or other
security instrument, including one evidenced by electronic
means authorized by law.
(i) "Public Records ": Records established under state statutes
at Date of Policy for the purpose of imparting constructive
(e)
(f)
(g)
(2)
(3)
Form 5011412 (7 -1 -14) Page 3 of 6
U)
(k)
notice of matters relating to real property to purchasers for
value and without Knowledge. With respect to Covered Risk
5(d), "Public Records" shall also include environmental
protection liens filed in the records of the clerk of the United
States District Court for the district where the Land is located.
"Title ": The estate or interest described in Schedule A.
"Unmarketable Title ": Title affected by an alleged or apparent
matter that would permit a prospective purchaser or lessee of
the Title or lender on the Title to be released from the
obligation to purchase, lease, or lend if there is a contractual
condition requiring the delivery of marketable title.
2. CONTINUATION OF INSURANCE
The coverage of this policy shall continue in force as of Date of
Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation
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 warranties in any transfer or conveyance of the Title.
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 obligation 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 5(a) of these Conditions, (ii)
in case Knowledge shall come to an Insured hereunder of any
claim of title or interest that is adverse to the Title, as insured, and
that might cause loss or damage for which the Company may be
liable by virtue of this policy, or (iii) if the Title, as insured, is
rejected as Unmarketable Title. If the Company is prejudiced by
the failure of the Insured Claimant to provide prompt notice, the
Company's liability to the Insured Claimant under the policy shall
be reduced to the extent of the prejudice.
4. PROOF OF LOSS
In the event the Company is unable to determine the amount of
loss or damage, the Company may, at its option, require as a
condition of payment that the Insured Claimant furnish a signed
proof of loss. The proof of loss must describe the defect, lien,
encumbrance, or other matter insured against by this policy that
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.
5. DEFENSE AND PROSECUTION OF ACTIONS
(a) Upon written request by the Insured, and subject to the
options contained in Section 7 of these Conditions, 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 covered by this policy
adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters 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. It 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 that allege matters not
insured against by this policy.
ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
CONDITIONS
(b) The Company shall have the right, in addition to the options
contained in Section 7 of these Conditions, at its own cost, to
institute and prosecute any action or proceeding or to do any
other act that in its opinion may be necessary or desirable to
establish the Title, as insured, or to prevent or reduce loss or
damage to the Insured. The Company may take any
appropriate action under the terms of this policy, whether or
not it shall be liable to the Insured. The exercise of these
rights shall not be an admission of liability or waiver of any
provision of this policy. If the Company exercises its rights
under this subsection, it must do so diligently.
(c) Whenever the Company brings an action or asserts a
defense as required or permitted by this policy, the Company
may pursue the litigation to a final determination by a court of
competent jurisdiction, and it expressly reserves the right, in
its sole discretion, to appeal any adverse judgment or order.
6. DUTY OF INSURED CLAIMANT TO COOPERATE
(a) In all cases where this policy permits or requires the
Company to prosecute or provide for the defense of any
action or proceeding and any appeals, the Insured shall
secure to the Company the right to so prosecute or provide
defense in the action or proceeding, including the right 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 securing evidence, obtaining witnesses, prosecuting
or defending the action or proceeding, or effecting settlement,
and (ii) in any other lawful act that in the opinion of the
Company may be necessary or desirable to establish the Title
or any other matter as insured. If the Company is prejudiced
by the failure of the Insured to furnish the required
cooperation, 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 cooperation.
(b) The Company may reasonably require the Insured Claimant
to submit to examination under oath by any authorized
representative of the Company and to produce for
examination, inspection, and copying, at such reasonable
times and places as may be designated by the authorized
representative of the Company, all records, in whatever
medium maintained, including books, ledgers, checks,
memoranda, correspondence, reports, e- mails, disks, tapes,
and videos whether bearing a date before or after Date of
Policy, that reasonably pertain to the loss or damage.
Further, if requested by any authorized representative of the
Company, the Insured Claimant shall grant its permission, in
writing, for any authorized representative of the Company to
examine, inspect, and copy all of these records in the custody
or control of a third party that reasonably pertain to the loss or
damage. All information designated as confidential by the
Insured Claimant provided to the Company pursuant to this
Section shall not be disclosed to others unless, in the
reasonable judgment of the Company, it is necessary in the
administration of the claim. Failure of the Insured Claimant to
submit for examination under oath, produce any reasonably
requested information, or grant permission to secure
reasonably necessary information from third parties as
required in this subsection, unless prohibited by law or
governmental regulation, shall terminate any liability of the
Company under this policy as to that claim.
Form 5011412 (7 -1 -14)
(Continued)
7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;
TERMINATION OF LIABILITY
In case of a claim under this policy, the Company shall have the
following additional options:
(a) To Pay or Tender Payment of the Amount of Insurance.
To pay or tender payment of the Amount of Insurance under
this policy together with any costs, attorneys' fees, and
expenses incurred by the Insured Claimant that were
authorized by the Company up to the time of payment or
tender of payment and that the Company is obligated to pay.
Upon the exercise by the Company of this option, all liability
and obligations of the Company to the Insured under this
policy, other than to make the payment required in this
subsection, shall terminate, including any liability or obligation
to defend, prosecute, or continue any litigation.
(b) To Pay or Otherwise Settle With Parties Other Than the
Insured or With the Insured Claimant.
(i) To pay or otherwise settle with other parties for or in the
name of an Insured Claimant any claim insured against
under this policy. In addition, the Company will pay any
costs, attorneys' fees, and expenses incurred by the
Insured Claimant that were authorized by the Company
up to the time of payment and that the Company is
obligated to pay; or
(ii) To pay or otherwise settle with the Insured Claimant the
loss or damage provided for under this policy, together
with any costs, attorneys' fees, and expenses incurred
by the Insured Claimant that were authorized by the
Company up to the time of payment and that the
Company is obligated to pay.
Upon the exercise by the Company of either of the options
provided for in subsections (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.
8. 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.
(a) The extent of liability of the Company for loss or damage
under this policy shall not exceed the lesser of
(i) the Amount of Insurance; or
(ii) the difference between the value of the Title as insured
and the value of the Title subject to the risk insured
against by this policy.
(b) If the Company pursues its rights under Section 5 of these
Conditions and is unsuccessful in establishing the Title, as
insured,
(i) the Amount of Insurance shall be increased by 10 %, and
(ii) the Insured Claimant shall have the right to have the loss
or damage determined either as of the date the claim
was made by the Insured Claimant or as of the date it is
settled and paid.
(c) In addition to the extent of liability under (a) and (b), the
Company will also pay those costs, attorneys' fees, and
expenses incurred in accordance with Sections 5 and 7 of
these Conditions.
Page 4 of 6 I AL1A Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
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
Unmarketable Title, all as insured, in a reasonably diligent
manner by any method, including litigation and the completion
of any appeals, it shall have fully performed its obligations
with respect to that matter and shall not be liable for any loss
or damage caused to the Insured.
(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, adverse to the Title, as insured.
(c) The Company shall not be liable for loss or damage to the
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 reduce the Amount of
Insurance by the amount of the payment.
11. LIABILITY NONCUMULATIVE
The Amount of Insurance shall be reduced by any amount the
Company pays 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 executed by an
Insured after Date of Policy and which is a charge or lien on the
Title, and the amount so paid shall be deemed a payment to the
Insured under this policy.
12. PAYMENT OF LOSS
When liability and the extent of Toss or damage have been
definitely fixed in accordance with these Conditions, the payment
shall be made within 30 days.
13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT
(a) Whenever the Company shall have settled and paid a claim
under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights
and remedies in respect to the claim that the Insured
Claimant has against any person or property, to the extent of
the amount of any loss, costs, attorneys' fees, and expenses
paid by the Company. If requested by the Company, the
Insured Claimant shall execute documents to evidence the
transfer to the Company of these rights and remedies. 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 and remedies.
If a payment on account of a claim does not fully cover the
loss of the Insured Claimant, the Company shall defer the
exercise of its right to recover until after the Insured Claimant
shall have recovered its loss.
(b) The Company's right of subrogation includes the rights of the
Insured to indemnities, guaranties, other policies of insurance,
or bonds, notwithstanding any terms or conditions contained in
those instruments that address subrogation rights.
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 at the time of a controversy or claim. Arbitrable
CONDITIONS (Continued)
IForm 5011412 (7 -1 -14) Page 5 of 6
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, and 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 to it
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 that arises out of the status of the
Title or by any action asserting such claim whether or not
based on negligence shall be restricted to this policy.
(c) Any amendment of or endorsement to this policy must be in
writing and authenticated by an authorized person, or expressly
incorporated by Schedule A of this policy.
(d) Each endorsement to this policy issued at any time is made a
part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it
does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsement, (iii) extend the Date of
Policy, or (iv) increase the Amount of Insurance.
16. SEVERABILITY
In the event any provision of this policy, in whole or in part, is held
invalid or unenforceable under applicable law, the policy shall be
deemed not to include that provision or such part held to be invalid,
but all other provisions shall remain in full force and effect.
17. CHOICE OF LAW; FORUM
(a) Choice of Law: The Insured acknowledges the Company has
underwritten the risks covered by this policy and determined
the premium charged therefor in reliance upon the law affecting
interests in real property and applicable to the interpretation,
rights, remedies, or enforcement of policies of title insurance of
the jurisdiction where the Land is located.
Therefore, the court or an arbitrator shall apply the law of the
jurisdiction where the Land is located to determine the validity
of claims against the Title that are adverse to the Insured and to
interpret and enforce the terms of this policy. In neither case
shall the court or arbitrator apply its conflicts of law principles to
determine the applicable law.
(b) Choice of Forum: Any litigation or other proceeding brought by
the Insured against the Company must be filed only in a state
or federal court within the United States of America or its
territories having appropriate jurisdiction.
18. NOTICES, WHERE SENT
Any notice of claim and any other notice or statement in writing
required to be given to the Company under this policy must be given
to the Company at First American Title Insurance Company,
Attn: Claims National Intake Center, 1 First American Way,
Santa Ana, California 92707. Phone: 888. 632 -1642
ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
A M E R /
C
\y�
First American TitleTM
ISSUED THROUGH THE OFFICE OF:
Firs t American TitleTM
FIRST AMERICAN
TITLE INSURANCE
COMPANY
Corporate Office
1 First American Way
Santa Ana, CA 92707
800.854.3643
Fit American
Schedule A
Owner's Policy of Title Insurance
ISSUED BY
First American Title Insurance Company
POLICY NUMBER
5011412- 829592
Name and Address of Title Insurance Company:
FIRST AMERICAN TITLE INSURANCE COMPANY
1 First American Way, Santa Ana, California 92707
Customer Reference Number: PV- Pelican /City of Clearwater
First American File Number: 2061 - 3642108
Address Reference: 483 Mandalay Avenue, Clearwater, FL 33767
Amount of Insurance: $11,314,800.00 Premium: $
Date of Policy: December 30, 2016 at 11:40 A.M.
1. Name of Insured:
The City of Clearwater, Florida, a Florida municipal corporation and political subdivision of State
of Florida
2. The estate or interest in the Land that is insured by this policy is:
Fee Simple
3. Title is vested in:
The City of Clearwater, Florida, a Florida municipal corporation and political subdivision of State
of Florida
4. The Land referred to in this policy is described as follows:
See Exhibit "A" attached hereto and made a part hereof
MacFarlane Fer Mullen
By:
1
Authorized ountersignature
(This Schedule A valid only when Schedule B is attached)
Form 5011412 (7 -1 -14)
Page 1 of 5 ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
First American
Exhibit A
Agent File Number: PV- Pelican /City of Clearwater
FAST File Number: 2061 - 3642108
Owner's Policy of Title Insurance
ISSUED BY
First American Title Insurance Company
POLICY NUMBER
5011412 - 829592
The land referred to herein below is situated in the County of Pinellas, State of FL, and described as follows:
Condominium Unit PUB of NORTH BEACH PLAZA CONDOMINIUM, a Condominium, according to the Declaration of
Condominium thereof, recorded in Official Records Book 19444, Page 145, and any amendments thereto, and the plat
thereof recorded in Condominium Plat Book 159, Page 91, of the Public Records of Pinellas County, Florida, together
with its undivided share in the common elements appurtenant thereto.
Form 5011412 (7 -1 -14)
Page 2 of 5 ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
First American
Schedule B
Owner's Policy of Title Insurance
ISSUED BY
First American Title Insurance Company
POLICY NUMBER
5011412- 829592
Customer Reference Number: PV- Pelican /City of Clearwater
First American File Number: 2061 - 3642108
EXCEPTIONS FROM COVERAGE
This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees,
or expenses that arise by reason of:
1. Any rights, interests, or claims of parties in possession of the land not shown by the public
records.
2. Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title
that would be disclosed by an accurate and complete land survey of the land.
3. Any lien, for services, labor, or materials in connection with improvements, repairs or renovations
provided before, on, or after Date of Policy, not shown by the public records.
4. Any dispute as to the boundaries caused by a change in the location of any water body within or
adjacent to the land prior to Date of Policy, and any adverse claim to all or part of the land that
is, at Date of Policy, or was previously under water.
5. Taxes or special assessments not shown as liens in the public records or in the records of the
local tax collecting authority, at Date of Policy.
6. Any minerals or mineral rights leased, granted or retained by current or prior owners.
NOTE: Exceptions numbered 1, 2, 3, 4, 5 and 6 above are hereby deleted.
7. Taxes and assessments for the year 2017 and subsequent years, which are not yet due and
payable.
8. Restrictions, dedications, conditions, reservations, easements and other matters shown on the
plat of CLEARWATER BEACH PARK FIRST ADDITION, as recorded in Plat Book 21, Page(s) 21,
but deleting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, handicap, familial status or national origin to
the extent such covenants, conditions or restrictions violate 42 USC 3604(c).
9. Drainage and utility easement reserved by the City of Clearwater, Florida by virtue of Ordinance
4535 -88 recorded in Book 6688, Page 1361.
10. Unit Development Rights conveyed by that Warranty Deed Transfer of Density Unit Development
Rights recorded in Book 14011, Page 1743.
Form 5011412 (7 -1 -14)
Page 3 of 5 ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
11. All of the terms, provisions and conditions as contained in that Agreement for the Development
of Property (Pelican Walk) dated August 26, 2014 entered by and among The City of Clearwater,
Florida, a municipal corporation and political subdivision of the State of Florida and PV- Pelican
Walk, LLC, a Florida limited liability company recorded in Book 18508, Page 1479, as amended by
that First Amended and Restated Agreement for the Development of Property (Pelican Walk)
dated September 1, 2015 recorded in Book 18915, Page 2185.
12. All of the terms, provisions and conditions as contained in that Tri -Party Agreement entered by
and among PV- Pelican Walk, LLC, a Florida limited liability company, (the 'Borrower "), The City
of Clearwater, Florida, a municipal corporation and political subdivision of the State of Florida
( "the City") and USAmeriBank, a Florida banking corporation ( "the Lender ") dated November 16,
2015 recorded in Book 18990, Page 17.
13. Easement granted to Duke Energy Florida, Inc., d /b /a Duke Energy, a Florida corporation by
instrument recorded in Book 19232, Page 2213.
14. Terms, provisions, restrictive covenants, conditions, reservations, rights, duties and easements
contained in Declaration of Condominium of NORTH BEACH PLAZA CONDOMINIUM, and any
Exhibits annexed thereto, including all amendments and modifications thereto, including, but not
limited to, provisions for a private charge or assessments and a right of first refusal or the prior
approval of a future purchaser or occupant, recorded in Book 19444, Page 145.
Form 5011412 (7 -1 -14)
Page 4 of 5 ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)
Agent File Number: PV- Pelican /City of Clearwater
Issuing Office File Number: 2061 - 3642108
Note: All of the recording information contained herein refers to the Public Records of Pinellas
County, Florida, unless otherwise indicated. Any reference herein to a Book and Page is a reference to
the Official Record Books of said county, unless indicated to the contrary.
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 the Company, Attention:
Claims Department, 1 First American Way, Santa Ana, CA 92707.
Service, Quality and Availability
First American Title Insurance Company cares about its customers and their ability to obtain information
and service on a convenient, timely and accurate basis. A qualified staff of service representatives is
dedicated to serving you. A toll -free number is available for your convenience in obtaining information
about coverage and to provide assistance in resolving complaints at 1 -800- 929 -7186. Office hours are
from 8:30 a.m. through 5:30 p.m. Monday through Friday.
Form 5011412 (7 -1 -14)
Page 5 of 5 ALTA Owner's Policy of Title Insurance (6- 17 -06) (with Florida modifications)