APPLICATION
:9085.1
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This Instrument Was Prepared By:
Howard R. Schoulln. Esq.
Scharlin. Lanzen.a. Cohen. Cobb & Ebin
139Q S.W. FIrst Avenue, #400
Miami. FL 33130
JAN-:]3-1997 3:24Fm 97-003B83
ORB 9600 p~ 1.093
... . nil 111111 J II 11111'111 !!!!
~on 400,000.00 Doc Z,SGO.DC
WARRANTY DEED
THIS INDENTURE. made this c9fl'& day of December. 1900, between HOWARD R. SCHARLlN.
Individually and as Trustee under the provisions of a certain Trust Agreement dated December 11. 1986.
of the County of Dade, State of FlOrida, hereinafter called grantor. and THE WESTWIND GROUP, INC.,.
Florida corporation. hereinafter called grantee. whose post office address is 12555 High Bluff Drive, Suite 120.
San Diego, CA 92130.
WITNESSETH. that the grantor, for and in consideration of the sum of Ten Dollars and other good and
valuable considerations paid to gl"l!lntor by grantee, receipt whereof is hereby acknowledged, has granted.
bargajned and sold to the grantee and to the heirs. successors and assigns of the grantee, In fee simple
forever, the ree.1 property legally described as follows:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.
Folio No. 08-43-45-29-24-003-0000
In giving this conveyance the grantor attests that the realty concerned is vacant land, that it is not his
homestead, that he resides at 3615 Battersea Road. Miami, Florida 33133. and has been in residence at that
address continuously for more than the past ten years.
SUBJECT TO:
1. Taxes for the current and subsequent years;
2. Conditions. restrictions. easements, limitations. reservations
and zoning ordinances of record.
TOGETHER with all tenements. heritaments and appurtenances thereto belonging or in anywise
appertaining.
TO HAVE AND TO HOLO, the 58me in fee simple forever.
AND the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said land
in fee simple; that the Grantor has good right and lawful authority to sell and convey said land; that the Grantor
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. except taxes accruing subsequent to December
31, 1995.
IN WITNESS WHEREOF, the grantor has executed this instrument on the day and year first above
written.
Signed in the presence of:
( ~/J'/L' ~t2~~/
(signature of witness)
Nlln. of wltne_ M"'/~ ~... e.t. r'~
(legibly printed)
~ ---
HOWARD R. SCHARLlN
Individually and as Trustee
1399 S.W. First Avenue, #400
Miami, FL 33130
~~~--
(sign rure of wItness) tit.
name ofwl1ness c...r(~.J./~k.ricle7-.-
(I"glbly prlntAd)
STATE OF FLORIDA
COUNTY OF DADE
The foregoing instrument was acknowledged before me this <:::7]Cjt.. day of).(2.e~
Howard R. Scharlin. Individually and as Trustee, who is personally known to me.
{~~~
Notary Public. State of Florid n
name of Notary Public: ~~;11 . .... ~~... ~h r'" ~
(legibly printed)
,1900 by
My commission expires:
IClAL
KENlA SANCHEZ
, "'lYf ARY pUBLIC STATE OF FLORID
COMMlS5ION NO. CC381140
. ".~V '~:S.<;lON EXP, ULY 4,1998
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04/24/97 THU 14:05 FA! 15612410646
MORTON GROUP
!lJ 002
REAL ESTATE INvEs'l\ :.. CENEllAL CONTUCTOk$
,
, ~O".OD
Group
902 CLINT Moou ROAD. Sum 124-
BoCA RAToJ(, FLo1llllA 33487
Pa01'lJl: 561-994-3133 . FAX: 561-241-0646
April 24, 1997
Via Fax (561) 375-635'
Via Regular Mail
9~- 9.3?/
To: Tony Occhiuzzo
City of Boynton Beach
From: Michael Morton
Morton Group
Be: Burger King
Woolbright Place P.C.D.
Dear Occhiuzzo
At yesterdays meeting it was requested that we furnish proof of the sale on parcel
"C" to Bureer King. Please be advised the closing occurred on December 27, 1997,
between Howard Scharlin Trustee. as seller and Westwind Group, Inc., as purchaser; the
deed recorded in Palm Beach County on January 3, 1997 O.R. Book 9600; Page 1093.
..,
Ilrost you will inform those interested parties who inquired. //
/1 ,
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cc: Howard Scharlin Trustee
to) ~ @ U\'f (I ~
lJ1J APR 2 6 1991 IE)
BUilDING
. I This instrument was
Howard R. ~charlin,
, l Scharlin, Lanzetta,
'. \)J 1399 S. W. 1 Avenue,
V Miami, FL 33130
prepared by:
Esq.
Cohen, Cobb & Ebin
#400
jAN-23-1997 2:40pm 97-026994
ORB 9625 Ps 979
i .II S IS fa IIIII1 Em B!! Ii!
AGREEMENT
-.-
THIS AGREEMENT, is made by and between HOWARD R. SCHARLIN,
TRUSTEE (hereinafter referred to as "Scharlin") and THE WESTWIND
GROUP, INC., a Florida corporation (hereinafter referred to as
"westwind").
WIT N E SSE T H:
WHEREAS, Scharlin and Home Depot U.S.A, Inc. have heretofore
joined in a Reciprocal Easement and Operating Statement (the
"Original Agreement") as recorded in the Public Records of Palm
Beach County, Florida in Official Records Book 6378, Page 1953 on
the 8th day of March, 1990. A copy of the original Agreement is
annexed for convenience of the parties that may from time to time
deal with this instrument. The definitions established in the
Original Agreement when used here shall have the meanings
established in the Original Agreement; and
WHEREAS, Scharlin is selling a portion of the Out Parcels as
defined in Exhibit "A-1" of the Original Agreement to westwind
which portion is referred to here as the westwind Parcel and is
more particularly described in Exhibit "2" annexed; and
WHEREAS, as part of the consideration provided to westwind in
connection with the acquisition of the Westwind Parcel, the parties
have agreed as follows:
1. Assiqnment of Riqhts. Scharlin hereby includes the Out
Parcels as part of the Scharlin Parcel and assigns to westwind a
non-exclusive right to share in the non-exclusive easements over
and across the common areas within the Center as created in the
Original Agreement upon the terms for the use and enjoyment thereof
as provided for in the original Agreement. The site Plan, annexed
to the Original Agreement, identifies a primary access road for
ingress and egress to the common areas from S. W. 8th Street.
Scharlin in joining here agrees that he shall not join in any
instrument providing for the relocation of such primary access road
without the written consent of such modification given in
recordable form by westwind.
ORB 962~ '9 980
2. Access Road. Scharlin agrees to dedicate a non-exclusive
access easement over and across the 27' adjacent to and north of
the Westwind Parcel extending from S. W. 8th street to the Home
Depot parking area shown on the site Plan. Scharlin shall
construct an access road on such easement in accordance with the
specifications required for such construction by appropriate
governmental authorities. Westwind has reviewed the proposed plans
for such construction. The cost of the access road to be built by
Scharlin shall be shared equally by westwind and by Scharlin. At
closing of the Westwind Parcel, westwind shall deposit with the
Escrow Agent named below, an amount equal to one-half of the
estimated cost of construction of this access road over and above
the purchase price for the Westwind Parcel. Scharlin shall deliver
to said Escrow Agent and equal amount from the proceeds due to
Scharlin at closing. These funds shall be disbursed to Scharlin as
construction of the access road proceeds based on construction draw
requests in form ordinarily used by institutional lenders for
construction draw requests in Palm Beach County, Florida. The
estimated cost of construction of the road (including the
construction of the proposed cut in the existing median separating
the north bound lane from the south bound lane of S.W. 8 street) is
Thirty Thousand and 00/100 Dollars ($30,000.00). In the event the
$30,000.00 cost for construction of the access road and the said
median cut exceed the amount indicated above, then such costs shall
be assumed and paid for by the Scharlin. This access road shall
not be relocated without the consent of Westwind, which consent
shall not be unreasonably withheld.
3. Notice. For purposes of this Agreement, the parties
shall provide notice each to the other by delivery of written
notice as follows:
As to Seller:
Howard R. Scharlin
1399 S.W. 1 Avenue, #400
Miami, FL 33130
Westwind Group, Inc.
12555 High Bluff Drive, #102
San Diego, CA 92130
Each party shall have the right to change their address for
purposes of notice hereunder by giving written notice of change to
the other party at the address indicated.
As to Buyer:
4. Enforceabili ty. This Agreement shall be specifically
enforceable by appropriate action in the circuit Court, Palm Beach
County, Florida. The successful party shall be entitled to all
costs and fees incurred in the bringing of such action. Further,
with respect to the construction of the access road, in the event
of unreasonable delay in proceeding with such construction and upon
fifteen (15) days written notice for the curing of such delay,
westwind may undertake completion of construction in the nature of
self-help. In the undertaking such work, Westwind shall be
2
ORB 9625 Ps 981
entitled to draw on the escrow fund in the same manner as draws
were allowed by Scharlin.
5. Miscellaneous.
a. Governinq Law. This Agreement shall be governed by
and interpreted under the laws of the state of Florida and any
action with respect thereto shall be brought in the circuit Court
for Palm Beach County, Florida.
b. Execution of Agreement. This Agreement may be
executed in multiple counterparts each of which when taken
separately shall constitute an original and all of which taken
together shall constitute one and the same agreement.
c. Effective Date. This Agreement shall be effective
on the date of recordation thereof and the concurrent recordation
of a Warranty Deed conveying the Westwind Parcel from Scharlin to
Westwind in the Public Records of Palm Beach County, Florida.
IN WITNESS WHEREOF, the parties hereto have set their hands
and seals on this /~~ day of December, 1996.
Signed, sealed and delivered
in the presence of:
L~'-~d: JZ~~
~ ~a. SCV\C\.1~"Z.
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m 1i,Q. ~ I..JIt 12.J:::.
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MDl<E'A ~~
WESTWIND GROUP, INC., a
calif~iu corporation
Flot"tc:lo...
BY:~' 'te---
Les 8i99 ns, V e President
3
ORB 9625 P9 982
S~ATE OF FLORIDA
COUNTY OF DADE
The foregoing instrument was acknowledged before me this 16tb
day of Decembet", 1996, by Howard R. Scharlin, Trustee who 1=:1
personally known tome.
.~
da
otary Public, state
printed name~.eni.o.. S:.o..
commission N erJ
STATE OF CALIFORNIA
COUNTY OF ~'C'\ ~~C
The foregoing instrument was acknowledged before me this 16th
day of December, 1996, by Les Biggins as vice President of The
Westwind Group, Inc., a Florida corporation who is personally known
to me.
o FIClAL NOTA Y
KENlA SANCHEZ
NCYr ARY PUBUC Sf ATE Of FLOfllDA
COMMISSION NO. CC381140
:>1'1 COMMISSION EXP. ULY 4.1998
-"U.~=.-Ul
I. ~1~821
1 ----~
SCI'1 CIegO Ccu11y -
... _ _ ~~~~~1~ 1
~~~~~\~--o d).~
Notary Public
state of California
printed names c..\-\A~~\\'\.E \"-.l ~
COlJl1Uission Number: \e>qi 62-"7
4
ORB 9625 P9 983
Exhibit "2"
LeQal Description
A portion of Tract C, SHOPPES OF WOOLBRIGHT P.C.D., as
recorded in Plat Book 65, Pages 137 and 138, of the Public
Records of Palm Beach County, Florida, more particularly
described as follows:
Commencing at the Northwest corner of said Tract C, thence
Southeasterly along the West boundary of said Tract C and the
arc of a curve concave to the Southwest (radial line to said
point bears N84019'00"E), having a radius of 1851.74 feet, a
central angle of 04007011" and an arc distance of 133.15 feet;
thence S01033'49"E, 178.27 feet to the POINT OF BEGINNING
(last two (2) courses and distances being coincident with the
West boundary of said Tract C); thence N89050'25"E, along a
line 311.09 feet South of and parallel with the North boundary
of said Tract C, for a distance of 165.23 feet to a point on the
East boundary of said Tract C; thence SOoo09'35"E, along said
East boundary, for a distance of 239.26 feet to a point on the
South boundary of said Tract C; thence S7r30'21"W, along
said South boundary, for a distance of 61.50 feet; thence
S85045'32"W, 57.13 feet; thence N4r54'08"W, 57.88 feet to a
point on the West boundary of said Tract C (last three (3)
courses and distances being coincident with the South
boundary of Tract C); thence N01033'49"W, along said West
boundary, for a distance of 217.61 feet to the POINT OF
BEGINNING.
Said lands lying and situate in the City of Boynton Beach, Palm
Beach County, Florida, containing 40,000 square feet, 0.918
acres, more or less.
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".-=,,,378 r9 1953.:
THlS RECIPROCAL F.A~El'lF.NT ....'1t> OPERATION ACRE~:MF.NT (the "Aftreemcnt"), made as of
this . I day of FebruAry. 1990, between HOWARD R. SCIIARLIN. 411 Trustee, having
an office-.t 1399 S, W. Fiut Avenuf!, MIIlml. FloridA 33130 ("SCIIARLIN"',-.nd Ho.'11. .--',
DEPOT U.S...... ISC.. a DetA"are corporntlon, hnving nn oUlcc nl 2727 'aclt. Ferry
ROAIi, 7th Floor, ...llanln, Georgia 3033Q ("liD").
trr.!i.I!I.I_n".r~_ S.~,!.~~!!,~'l~.
Schnrlln is the owncr in fec of ccnnin rcnt propcrly located in Palm Beach
County. florida, comdsllng of 16.~1 acrclI morc l'articulacly described In
Schcdules "A" And "A-I" IlIlncxeli hereto, (collectlvcly "Schadin'lI Parcel").
s'ch~;i1n'i;l~d~-"to"rO~!llru,~t. on St:hMl In's Pnrccl, In nccordllnr.~ with plan.. nnd
speciClcallons agreed upon by th., I'ull!!s herelo, rel.ll1 IInd reliHed aervlce use
buIlding,; and relaled p.uking and site fac:illtlt!s thal are indicated on the site
plan attached ;\s ~~h....,'~IIJC ~:C:': (thc "Site PI.1n">, ..hich Site Plan II1<\Y be amended all
set forth hercin.
HD is the owner in fee of cert^in real property consist.ing of approximately
ten (10) acrell (the "HD Parcel"), localed contiguou!! to Srharlin's Parcel. The liD
Parcel is more parlicularly described in ~.chcdlllc..:~8':': annexed hereto. HD intends
to construct. on t.rle 110 Parcel a buildi"g conl..ining apvrOXilMlely l02,2~O square
Ceel oC ground rIoor area exclusivc of nc??anlnc, 3 gardcn area and truck loading
'dOI':KI'l, C\llIt.Cllllcr plrkul' And comp"rtllr r.,..l1llll!s 1\11<1 rrlnl",1 I'",'klna and 1I1le
tllcllltlnll III li,t! 1I1"l\~ I 11,11 <'II l.,,1 elll lh,. ~IL.. ,'I"n. :;dllll'II"',, 1'1Il't'.:1 AI'II the>'UII
Parcel II!! more' P'lrlicular!y desr:ril>ed III lh..' Site 1'1.11' ."It.. I ;1l1 "..m.: 1I1.1Y h,! cnl:tl"j;,',l
Crom tilllC lo lime an. hel'cin r.,llcclive:y rcf"rred lO ..~ lh.' "I';'rc,:Is" or lhe
"Center", and each in,Jividu.llLy as a "('.Irc.!I".
Scharlln ,tnd IIIl r.:rof:ul7.c lhat Cor the most lavnrahlc ",:,"cl(1(1"",,,t of lhe
Center, il ill ncceS!l:try lhal lhey ap-rce an" conl'eralt! ....ilh r.:sl'.,ct lo ~he
operation And n~tinll''';\rIr'' of ttwir P1\I'c!!l~ 111111 thl: COll,m"n areas ;",,1 facilillcs lo
be erected lh...r.,on .1ll i rill iCilt(',! io the Sile PI"., (lhe "Conu'",n An:a,,"). Scharll"
/lnd Ill) lhcr.dol'c inle-IId h"reln to /:r:lOl lo c;h'h oll..:r ""rlaill n:I'il'rllCill ('.ISI'mt'lits
{or pedeslri;", .1nd ','cllicu!;lr In~r'~s!l .1n,1 c~r'L'ss ;1lIt1 us" "v"r tilt' comrn(lrl curb cuI::,
roadw,lYs, drivc""ys, ;lislcs. r.:lcIIlion al'Cil5. walk...;,ys .Inti 5i.k...,1I:!! for a"cess
and for delivery .11111 lo r.r.lIIl certain rights III inslall ;HId In:lilllaln ulilily
lines, dr;1lna~c .\lId r.\le fat:llitic5 wit!.in tit" Conv",'" "rO:;ls. Sc!l;lrlin and III) 11150
Inlend hcreln tn provlrll! for c.nl.lin obli~i\lluns :11,,1 reslrit-lillns wIth respect. to
the operatioll and 11~linlenance (If lheir respecli"l. r;ln:,'ls .and the COmmoll I-reils and
facilities con,;truclell and t.o b.: con!llro.('tc.\ th.~r"('". Sm:h '"asl'm...,ts. obligations
and restrictlnns sh;tll run to' till; "...n"r[t of, allt! bitHI 1111, r<:spcCllvc Pi\rcl~ls, an,l
the O",lers frum l (II'" to lim'l 01 tht' Cen:I;r ..r ;IIlY !,urt ion th"r'''llf. Thc' terms 110
or SChill I In Ilh.d I be "",,"1t~d lo n:fer t\\ I<IlI'h part i,." ;\1,,1 till' rcsp';ctlvc heIrs,'
succcssorll, Knllllc.,~ ;lIld ;15SlgllS 1'1 ,",,,'" 1'.1rl i.'" .IS lh.: n....II..'.I< of 111:11<:: PDrcels,
and 11IIY n.'l lc!;sc:c of ;IIIY P.ln:el or l';lrt Ulcrc"f wh,l h.'15 ;I Sla 1m, "I all of thc
obligations of the UWllilll'. 1'.1rly (itlllivi.llI.ltly th,' "O"Il.,r", or collectively, thc
"Ownc rs").
.
I'
NOw.. TI1ERErOflF:, i /I (nn!! itleral iOIl oC lht: mutua I covt'nallts nlul I\grecmenlll
hcrelno1flcr sel forlh, Scharlin Ano Ill> herehy granl; c.wcnanl 01110 agrce as follo,!s:
~R_T1r..L~: . 1..- CR^~T OF EA~Er-1E~TS
~~~J.'2!'-!.._(n. ~~<:c1;,._~.1.S_CC"!'~I.\t~.
(a) Thc Owncrs of the 110 Parcel and Sckulin's rare-el herchy grant and
convey, each lo the olher, for lhe benefll oC the liD P.1rccl and .Scharl1n's Parcel,
. non-excluR I vo ClIllr.ment nnel rI ghl to the usn our! ng the Lcrm of thh Aarccmcnt of
the COlmlOn Areas lInd the cOlMlon curb cut,;, roadwnys, drl.ve""y", n Is Ie., ."a 1 kwnys
Rnd sldc"alks located on the HD Po1rccl and the Scharlin's Parcel 1\8 Inliiclltcd on
the Site Pian and loc:tted on the Parcel of the granting Owner, for purposes of
Ingrcs,;~ egrcss, pasRlIgc Imd delIvery, by vehicles Dnd ped'~!\lrlal\~.
RECORDER'S !vlEMO: Legibility of dccument
uns:!;;sfactory when received.
ORB
962539
6,
. "
985
B r~ 1954
(b) The OW"l"rs oC the NO Parcel' and Schad in's P,lrce I hereby grant and
convey, each to the other. for the benefit oC th~ HO Parcel and Schad in'. Parcel
a nun-exclusIve ~.3sement o1nd right to the ulle during th~ term of thb Agreement of
the parking are."1II from time to time lII3intained on the IIV Parcel and Seharlin'.
Parcel-and located on thO' Pnrcel of the grantinK Owner, for purpose. of vehicular
parking. Notvithlltandin" the for~going easements, ea~h Owner shall matntaln on .
its respectivp. Parcel the parking rlttio reql1ir..d pllrs'lanl to Section 3.01(c:)
hereof.
"
1
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I
(t.) The enscmentll gr.,nted hereby and gr:1ntecl In ~ect ion 1.02 shall be for the
bC!ncrlt or, but not ro'lltrlcted IInlcly to, thl" Cho'llI"'" "f thl' 1111 Pllrcol nnd
Scharlin's Pnrcel (except 811 otherwille specified Ln Section 1.02(b)) and~ac:h such
Owner In<IY gn"Il the h'lnd it of !iuch casemcnt lo the lcnllnls /lnd other occupants of
the an PArcel And Sch..rlin'l' P:lrc:el (except as oth'lnd!\c spcciClrd ill Section
1.02(b)) Cor the dur.,tiun of IlI1/"h occupancy. and to lhe cu"toRlcrs, employees,
A~ents nnd busines!\ invitecll therccC; but s:lme ill not inlqndcd nor shall it be
conl'truc:d as crentinjt on)" right!\ in or Cor the ben~fit of the Reneral public nor
sball it affecl nny re,,1 prop\'I"ty outllidc of the Cenl,'r. 5uch ea~cm.~nt arells arc
reserve,l for !;:aid n",.. for the tenl of t.his Agrcemmlt.
~ef..t,.iQI,-IJ1.2. Hi I i,ty, }~!!.~~l!'!~!l,l';. The O\o1lCrS of thr. 110 Parcel and Scharlln's
Parcel hereby grnnt and convey, ear:h to lhe other, Cor the benefit of the liD
Parcel IInd Schnl'l in'll Pnrcel an e.1SCn1<.'nt in, to, over, und\lr mlll across the Convnon
Arc.Js oC the flll Pn rce I and Sch'.Irl Ln' 5 Parcel Cor the purposes oC installation,
operation, Ull'!. mnlntenilncc, r"pair, replncc"It'nts, relnovill and relocation of
underR1"ound stann dr:lin:lf:p. nnd Sl......1" Ilnc:s, other pOltlnns of the storm ",..ter
drainllge syst\lm Inc1udinll the c1r.,in."1gc lake :In.l prc-trc:ltm\:nt pond, sanitary sewer
pipes, lift st"tion~ nnd related .lpl',.r:\tus, ''''ptic S}',;lI!II':;, water and g.,s "':lins,
electrir: po...er lincs, telephc:lc lines, and oth....r under~rnund utllity llnell
(collectively the "litility Lines") to serve th,' facilities locnted on tlw 110
Pnrrcl An.1 !kh"rllll'R r.,rt"r!. Th.~ Instnllntillll IIr f"f.ICl,'"tllln of :\IIY Utility Lln.",
Ahllll be llllhj.,ct, as to 10Ciltlllll, tu the ilpprllval "C thc OWIIl'r who ullll7."s or I~
!;C!rved by thl! Ut i Ii ty l.illcs (th" "v.r"nt illl: ()WI\,'r" J, ....:ddl :lpl',..,vnl IlhillJ not he
unre"son.,bly vithlwl.t or d'11I1y,:d.
Thl'! OWT",r~ of the IIIl P::.rccl ."..1 Schar! in's P.,rl'd or IIIIY dl'lli/lnee s,~r'''fld by
such Utility Lin.~l' IMY eper.lte, nuintilin, r.:p:,;r .1I1Ot rflI rWo1tl' SII/"" Utility 1.11"15,
provld~d slI~h rr:l'lair "lid mninten,'''('~' Is 1",'rlnnn,'.1 m,.'''r1i'.inusly and ollly .,fter
five CO,) bllllill".IS d:IYs' writt"n IhlLle" to th.. .:r.lIlll".: 0""10'1'. Refore nn OW1W" enn
rep:a\r or re]orate ,3 Uti I i ty line in .'.Iny p:tt"k i ".. ."'.'" n.. thc 1."lItl:r, said Owner
mUlil pnwi.I,~ w, ilten 'hllit',. to th: O....II~'r nf ;1I1~' I','I<'I'! with 0111 al'pllrlenant
casement ov('~ SOl id 1';lrldng "1",'" 1""'';'':lIIt tn ~,.',.t i,," I.fll (t.). The p"rty p'lrformlng
the repOllr or rclo/":.tioll sh.3II, lit its l'ost ."Illd ''"'<1'.,,, , , n'I','\il' lIn)' dnnl:'j;" Lo IIny
Improverlents all.1 restoP' th.... :""l" tn tilt: cunlliti,," :a:. ,"dsll''' prior tll SlIch rq..'.Iir
or relor.atioll worlc. r:"rh 0....11,,1' s'lall IlId..n,"i[" ,;,IV", d.,I,,,"1 :11111 hold the
grilntilljt OWIlf:r ",111 :IlIY O"/"lIpHllt nt tlIO.. J:"'lIItillC: O"',,,,r',; 1'....,.(..1 hllrmlcl'li Crom nllY
claimll. d:uno'I:" IIr 10';:; w"ich .IIay r"",alt C!'llln t"~' :Ictiviti"" in m;,klng slIch
IMlntnell:lllCe or repair!; or rclocllli..p, Its la..illtie>l, l'IO..1urlill~ without lImitntion
l:IJllmll. d.'In.I!:~s, IIlltl I",..; rcslllti,lY. frolll all illl,..l'ten'"c\' wllh thl' Ullc of the
grantIng OWTlCr's Parcl:l.
~f!ct.lon,\'OJ. If!~Ipor"r)' 1.1I11htnll'tlnn Fns"'''''I!. JII ('(III1I1'I'tloll with allY
conslructloll worlc to he pedOI'nll)" ~n thc d"vcloplncnl 'If the Ccntcr, ear.h OWller
hereby grants the other Owncr lCnll'tlr:\ry ellllcn:""t!l for III" idl:llt., 1 encrOAchments
upon the party's Parcel which mo.)' occur as a r':slIlt of eOll!:lrlll:tion, so long liS
such encro....t"h!!lcllts are Ie,'pt withi" th~ re""o,,;\hle re'l'Jir,'mcnts of constructiOll
worlc exp'ldltioullly pursued ami !i0 10n/l liS t"ulltumllry illsllr:allce is m:lintlllllcd
protecling th~ olher I':lrty from the rISkll invulv,."I.
Section \,0',. "yloll !lig'! E",,',u,,',"t.. The 1"" tlCII herd,y "I:"CC thlit lit> .h,\11
c"nlltnict.l....O (2) pylon lIien Iltr\ll:turo:s III lilt, nro::ls illllic:nted on the Site Plan, .
which shall be the only pylons In lhe Centt'r. SlIch I,ylous IIh.11I be (1) in
conCormance with the City of BOYllton Re:lch's Codc u,lIes!: 110 ohtalns a variation oC
the aforesaid City Code at thc p"rties' mutll.,1 COllt /lnd expense, and (li) dcsigned
substanllally as set forth In the sign exh!bi t allllex'~11 hel'eto liS ~ched~t!!. "U".
One pylon shall be located in thfl southeast corncr of the 110 I'nreel as designated
on thl! Site Pllln ("Sign ^") And shill I cuntnln lilt.' "Sh.)I'I"'" of Woolbright Place"
sign and llO'A sign as S(.t Corth Oil S~hedlllc "U". Th,~ seeulld pylon shllll be
located in l~c southw'~sl comer o[ "i.'h;; lHl P~,;cel IlS d,'!;I!:II.lll'.t 011 the Sitt) Plnn
.
al1411
"..&
-2-
I'
., - 63'Z8;:~ 1. c:'S5
("Sign a") .IIl'd shall c.:lnl"in the "ShUppCR of Wcolbright Pl.'lce" RIlln, the HD sign
and no IIOl"e than two (2) other' tenolnt signs designnted by Schadln, both oC which
shBll be in positions junior to the 110 sign all set forth on ~~~d~.e~:. The HD
Rign shAll hl1ve dimensions not lllss than ten (10) feet by ten (10) feet in she or
such smaller dimensions as may be required by the Ilror~said Corle uniess a variance
of same is obtained. and shall not utillr.e lcss than sixty (601) percent of the
signage area on each pylon, The other t...o (2) t""olnt signs on Sign ..B....hall use
their standardized lutu Ilnd colors. if nny, otherwisc the design. color and she
of .uch all".,. silins sh,lll It" auhjnct to th.. /Il'l rtlV/d or IIIl ","I "lIch llth"r .Ians
shall be IlIo'llnt:1lncd In good rcp<,lr lOt the sole ..xpellse of Schild In. Schadin
sh"ll ..:illlburse liD for ils proportion:\tc share of the rosts of constructing,
lightIng, mainl.,inillg and rcpiliring both pylons h.,scd on the. ratio of the area of
all signs on the pylnn cKrlurllnll liD's sign over thc tOlal arca or all signs on the
pylon. 80 m.,y make chang.,s to and/or replace such pylon itrl1cture:l and/or its HD
~ign~, so long as all necc~~nry governmental arprovals arr 0btailled therefor.
Schad in, 1\1' ~hc o......"'r n{ thl! Sehnr\ III Parcel f'xclllsivt. or thc Outp.lrccl, shill I
hllve rr3I1on.,hle .ICC(,~S tn 110'/1 r;'r,~"1 for purpCSt'" o{ e,'c.-clill/:, malnt.,lnl"K.
r~pairing and/or replacillg its lIign" on the si~" pylons,
Sertio,! l.f!.~. ~(,lItr:irtlo~.~. Thl! easC'mC'nt~ grillltp... hy thi" Article
subject to the coven,'ln!s and re"trictions set forth in Article Ill.
s ha 11 be
~RTrCtF,_}I .-...~.IA'~rt:,';^~C:E A~ll. OrEk!\.Tr()~
~.~~ t i on. ~~().I . ~1... i.n.~e'h.ln!:..e__a1!d_~!:l,."i. r.
(a) t:.,rll O"'le,' "hall mainlain, rep.,ir .,,,rl ...,plarc ,ll 1 iml'roved portionll of
the ConllKlII Arr:,ls Inr,lt,~r\ on it~ respeclive 1'.1reel. so as to ke.,p such nre.'s at all
times in a 5;lf.~, sightly, ~.11,,1 and {un,:tional condltioll to st.lllcl"r.l, of coml'arabl,!
commullity SllllPping c"nt",,; in th.: m.lI'k"t arca.
(b) ["..II O....ller $h;1I1 b~ rcsl'nnsihl~ for k,,~pi.ng th., (','"n:<1I1 An'.lS on its OWn
P.,rce) Cl<.'.lll ." d free frllrn reflls., .111<.1 rubhish. Any lall.ts,-,'p,.,l '11'''''' on the
rC"(JcC"t ivc Commol1 Art.....as sll.,11 toe nll)WL,.1 .Hld nl1l' ~.wi :;t~ tpf1fI.:t! tl'l t.y th.,: OWTH~r
therenl.
(c) E~1('h O....t".r stl;dl r'p:l\'(', re.slripl': .....f1I~ r",d,IC'I' ll1.tr~t"l~:: 011 lhr. surf:u;c of
the parlti"l~ ar'1,1" "".1 driv.~...."ys in its r..rco:l troll' t in'" to t im~ ;15 .m,1 whcn
nec~ssary SO ...s to I'rovi.It' fo" tI", orllo:rly 1';''" ill;~ 01 ""tll/lloh; I.,,, 'and $h,1I1 plal':C!
:1lld m",lnt"in ndr.qu.'ltc exit .11111 I!ntra",'c ill III 'ot!.,'r tr';,fl i,; ,:olllr,,! siRns to direct
trarrk in "...1 eut or S,lid p;arking <lr.:;tS, AllY "t!"il'in~ ,ltlll clht:r markingll IIhall
be consistenl with the Siltl l'lan. .1nd tht' li~htillg. pClvillr. .toll striping m<\tcrla)s
shall be cnn,,;~\"'nt with th..t us..,1 in th'1 Cent, ", ,,~ "".tll:1I I)' nr,rtle,!'ul'oll by the
O~'l',rs of the HIlI'..rr.,1 .1nd Sd",r1in ";'r"..1 (,.~.,'I,,~i\'L' ,,' lh,' 1111tl"H,'cl,,).
((I) t:;II'h C...."..r ~!..1I1 1I,)\"vi..... m,tilll..till. "1'.';' ,'lid t.:pl.,..... and fll'y 1I1f! cnilt
oi any fee,; or ch;lrg'~,; ill c'lll,,,'rtioll ..,ith lh.: It i I ity Line': IU".ct.:d on its Parcel
to ~he extcnt thal $uch Util ity Lines s.:rvicl.' th.: i"'l'\"uv':r.,,~nts 01: lh.,t Parcel or
service the Ccnter, incl",ling withuul limit...ticn th,: C'.lI"mull Area!'., as a whole if
such service!'. are nol provided by the "I'l'l ic.1hle Ilt i 1 i ty comp'lIIY, To thc extent
that any Utility Linc c)(du~lve]y ""rvicinl; allY Parr.:! crusses .1nolhC!r Owner's
Parcel, surh Utility Lil\~ s!l:111 be 110 maint1\in.,,1 by tlw party served by the
Utility Line, subject to the provision" of S~ctioll l.O~, ~laillteo,1ncC! of any
po"tlon of any Cli Ilty LInes servIng more than olle I'.Hee) sh.lll bl.' performed by
the Ovner of the Parce I cro~scd by the Ut i Ii ly I.tlle, but thO! cos t thereof shall be
sh:1red on an equitable b;t~I~ ba,,'~tI upon thl! ret;ltiv" cllllsumptlo" or usage of the
uti. lity Cu,'nished {rom "uch Uti} Ity Une.
(e) Each Ow-nl!r shall payor wi II c:nusc to bc p.lltl 1>y IIn O':l'lIp,,"t, prior to
any peo:11ty attaching thereto, all renl c~tatc taxc~, nS"C9smellt9 and personal
prC'perty taxcs, if any, implJscd upon the lalld "nd improvcmcnts and equlpmcnt
located on its respectivc Parcel, including. without limitation, the Impact fees,
if any. separately assessed and not pnrt of the development or "Off-Site"
Improvelll..nt Worle" under thnl deve\olllf,..nt nRr<:elll'lIt of "Vl!n d.lt" herewith br.twc..n
the parllf.'R recorded Slm1llt.ll1enllsly wIth lhls /'l:n"'II1L'llt (th.~ ")Ievelopmcnt
Agreemcnt").
-3-
01'411.
, , ". .
0
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CO
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Ul
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...0
0;1
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6:3".
~'! 1 9S 6
(n Eaeh OWller ~hAII Clluse the COllW11Cn Areal; ane! all bulldlnllA and
Improvements lotated en itll Parccl to co"ply with "II Applicable requirelllent. of
law and governmentftl regulntion applicabje thereto, provided howevcr, that an
Owncr may contest any lIuch IIIW or ref;ulatiorl 110 long liS I;ueh contest liould not
~rcllte any _ter!al danger of a loss of lltle to, or lml'l\lrm~nt In any WilY of the
usc of all or any portion of the ColtJflcn "rclls for their intended p'Jrposes:'
o
::0
CO
~'Lc..!J<!.!L.~Q2. 9r'1~~,t i'"I_~l}!U.!gh~i~lg.
..0
(to
~.,)
U1
(a) ::xcept on hnl i<lays during ...hich the Cllnl.:r i.. clo!:.~.l, ea.:h O"'Tler shall
;Cecp the rondways an.! 'Hlrk i ng arc..s of ltll resl'e" t i ve P:1f ....1 0\,r.1I 10 the CUlltomers
of tile Center ~,'Vf'n (7) ,lilY'; n week 1111111 tin".. :"", 111:"lr,1 "C11'r' ,ltlllk unlll
11100 p.m. on MoOn""y tl"''''t:h SlIturd"y un& f nlln ,h._k Ulllll 7 IOU ".1\1. on Suml,,)/'
("Nor"",1 :'lghlillg ""urs"). The Owner of elUIt:r tl\l~ "I> 1'".....:1 or S,:harlin's ('.HCel
(bul not the O"Tlcr of "ny Outp.lreel) ",,'y re,!uire th.; lights on any other Parcel to
~e kept lighted aftr.r N,'rllla] I.ighting lIo,"rs if su..h O'",,:r r(~iml:-urses the requ<1~Ir.d
O"T\er for the addilional electric,]1 COsU incurrc.l ther'clly, which cost sh."111 be
shared on a pro-rat., S'l":\t'.~ footage basi~ ....ith any O"'n",' or oceup:lnt of eithr.r'
P.,rcc! which rem.lins op.'n dl:rinf; su-:-h i\r1~ition.lI I>ollr~.
-0
LO
..0
Q:J
.....j
(b) Any fadliti~s ant! fixtures lo [.e U"t~ll in l!w lighting of the road\o'ilYs or
;>arking are,l'; of the C(:nt.~r sll.111 b... n.utl.illly cun'l'atihle ...ith th,~ overall dc~i&n
of the Cenler all a;;r,.~d up,'u by the Owncrs ilnu EO!;:" I h: ,.",,;..tructe,( in aeeord:IOCl'
wi lh plans and spec i f icat inns mutua Ill' il~rced Up"" by ll..~ O"'"ers nf the HIJ Parcel
.1I1U Seharlin's Pare"': (exclusive or the Outpar.;el,;). The Cl:llt"r'" lighting
~l\ciHties anti fixtures sh.lI1 be desi!:'lt~~ and installed wilh s"I'..r..te meters to
"IC.lsurc lhe eler:lrkity consul:lcd on the rcsp'~ctivo: ra,..<.;el". The Il.~ler!" and
lighting conlr,)1 switel...:s fur the exterior p.lrkin;: nnd ...,...<I.....y li~:"ling fur c:,,:h
?/lrcel stull\ be !tl!:;\le<l in :In eX'.crior', acccssihlc lo':aliull "11 c.'"II. Pl1r.:...l :11101
e.,r:h O..,ner of eilhl.r thc liD Parcel 01 5d:lrl in's Pare,,] (e)o.' lush'.. ot the
.Jutl'arcels) alld any OCCUp.1l1t occupyin!; ",t're th:1II JO,Onn "'i""C'': f",.t of Bui Iding
:1nor Area as herein:\fler udincd sh:dl te pru'lid.:c1 ""ill. 1<~y_. tll ",,("h cortlrol~.
?('c:~.i.O~l 2.03. !'e!!'!l.ll i.nn Of.,.t:!.ln,!!;"m,"t. The O""":"S II'''Y CIII. r illt" /In
.Igreel"ent, wilh lh.l conscnt of the O"'ner~ of all P"rc.-\" :If ','clc'! thereby,
.ll'poinlin& o no:' of lh'l O"'Tlcrs or " third I'",.ty lo perf 0'111 .d! or 1'",.tioIlS nf th~'
T:kJinlcnance n!lrt rt"pilir of the Conullon ^r',~;'s i\l,,1 It~!;'t,_'d filt, l: :lic....~ n( lhe Ct:lllt.:f
.llld lhat ~.49 ac"';: tract :Jf a<ldilional !:"ld owncd by :-;,-h,,1'l i!1 lo,."tcd Oil the
....estel.l\ side of S.\.I. 81h ~tr,'ct, nlur.~ 1M' l [C1l:',riy tk..,'r ;h'.l In SI'hc.du.1.!!,."f'"
att:lched herllto an.t by thi" rcfcr..n~c 1Il0l"1~ n P,lrt I,,'r.~.,f (th.' "I-'cstcrll P"rc:cl").
In ,;uch evenl c:tl;h O""ller ~I",ll 1>e rcsl'ulI' iLl" III p_'Y i lS I'~'''i;o.:':liv" Sh<lre (u,;.
!1<1rcinafl.:r dr.:f i'll:d) of Ll,,~ costs i""Ilrr,,1 hy lh.. oj..,. i!:n.lll'd piorly In rrr{llrlldllt~
~ur:h services, ...hi,:h cosl" shall i".:llltle lhe orc1j"",.y "P"'.lt in~ :1,,01 h1:ainten:I""'~
cxpcl.dltures illl'ur.."d as >-ell as capilal Cxp,,"ditllr.:" t" U',\ <:xt':111 so authol'i...etl,
;>rovided however, th.lt allY cxpel1dilur<.' ir. wllid, oI"cll. r u..",.,. musl share for"
rep"ir or repl:lCC;I\..HI of the desill""lt~e! rarty r:o"t ill.; Fi~',~ Thou".II:oI alld SoliDO
J"ll.,rs ($"OOO.orlj or ,ru"e shall rC'1uin' the prior "i'l"''''''<I: of e...:h such O....I1.:r.
As u"cd hcrcin th.' lerno ":-I1:...c" IIh,1I1 nl"i1n ., frll('l i<>Ii. lh. lI'lf,,,.:r.ll,,r of which
,h.l11 be the IIUlllt..,r o( S'Iu.tre.: feCI of f[t.ur 1\\,,,.. (ex,:l"si\'>: "f lflt,zz."dlles UIII:c1 for
slnrnge and r,~laled oCfic.: "lid flun's"les uses) in :111 ~ll"\l\'llJl"(:s ltlC'alcr! 011 sll(~h
O'mer's Parcel as Ill'~...s'''e'' f "0111 lIw ,~xlerior bolsc oC "flY "xt..ri,lr ....111 :\fld to tile
Cl'nlC'r line of any I':lrty ....,11 ("1\,,; l,\i,,& Floor An~.'\"), :1,,,\ the de'''"lllfll\tor or
...hich shall b.~ e'lu.~l to the agglt:t::llC of the Building Flc...r Arl'" (.IS so fllcasur~d)
In all buildings in lhe C(:lIler plus the f.l1ilding Flout. AI.:.. 'm th.' l.,'csl'lrn
(:!rcel. .
.
^~T.lCU-:..1.11_:- ~:UVE\',"TS A\I' k;Slklr;lID\~
Secllo" 3.01. Restrictions on COIlU'HJ1 Arcas. 1"10.: Centt:r Iih.IlI be subject to
lh,' fo-i-iowi~,'1i re.:slrlctl;;ns- ..i,ich 'sl;:~ll h. 't>ln.1iav. UII e.,,'1> O"'",er :1Il.1 e;tch of It.
tCI\"'n._~. Occl1}1.tl1tJo- t 1":"l'ld)'l:t.~, nr.l~nts 0.. inviteL's:
(a) No obslructlon to lh" fn:c flo"" of tr"ft ic :Ill,\ us,~ "f the (lurking
and delivery f/lcllitles shall be permlllcd, except 10 th,) CXlUll, if any,
illdicaleu on lhe Sile rlan or hcreln expressly pr.,vid.;d for.
, .
-10..
01)4...
, L... I
6-;-- S =0; 1957
(b) No bulldinll or other structure of 11ny klnd shall be permitted in
portions of the Center except In the "Bui Id I nil Areas" designated on the Site
Plan, nor shall nny building or structure In the Building Areas exceed the
""'xlrnum Bulldlnll Floor Areas" or the "~Inxlmum lIei,ht" (including parapet
valls or any other projections of any kind) Indicated thereon. No roof-top
sign.. ...hall be erected or permitted on the C~nter. The Pllrtles agree that the
building cDnr.ij;urntlon!l of the Site Pllln nllnched hereto IMY be revised by 110
or Schadln Up('ln the prior vrinen consp.nt and apPloval which approval vlll
not he unr"nl!l1n.,bly vithhel,l or dell1yed by the other. pnrty provided
tt-At the M.1xlmum lIui Idlng floor Areas ..Ind the Maximllm IIcightll lIet Corth on the
Site Plan shnll not hI! ch"nged, such revisiuns shn\l be at t.he sole cost and
eXI",nsc of the p.,rty revlslnf; th'l Site PI."1n, nnd Sitme shall not eff~ct th~
approvinp, r"rty's Ul'e ."1nd opcratlon of Its P.lrcel nor'the parking ratio of the
Center as sct fnrth herr.ln.
(c) /;0 bullllillg or olher lllructure sh.dl bc I"!rmllt.!d vi thin th~ Center
If J'ul'lt huil.IiIlK nl' utl..,r lltr'll:lure v"ul,1 r,'.lu,:,! lilt! I'l\rklhR r"tlo within th,!
Center, or nny ''.H,'d, to fewer th."1n five (;) p....klllg 51'nCCIl for every 1,000
'sqlloHe feet of flour sp.Il:C (exo:luding 0) m'~7.1.'1nin~ level spnce used only for
5tor."1ge anrl rel"tfl,1 offiCI: :'11\(1 n~m-5nles lIS~S prnvitled t1",t. 5.1me are
incidentnlly rclnterl to a retail use and (Ii) the gardcn center on the UD
Parcel whlrh 511.111 h.,ve a mlnimun pnrking rtllio of "nl! (I) p.1rking sp.1ce for
every 5,000 5(IUOIP! fe.:t of [Io.,r 51'0ICC' excluslvc oC nem-sOIles areOls) located
thcr~on. nr to b,~lo... th" mam}-.cr of pnrkint~ SI'l\t'C:; rc"llIir,~'1 \\luler ."1l'pllcahle
It,O\'f!rUlflt.ont.,1 rul.'~,. r"J(ul;tt l('lIh :u..I urdlnanc....'i.
(,I) (,ny r.lll'; ~ rll.- t i nil ,;1,.1' I I.,' rOll,h,,'l.,,1 inn m.IllIl': r wid "h w III 11m! l lo
thl' m."(i,!,,u~ exl"nt. pr,;"',_ie:thlt:.,Iny illl.l~r.ll:n'1\II~ with lit., np,:r;llinu nf tht.:
hil1"lllr~e of thl-o C.:tltt:r.
(c) /;" p"rtilll' of th.: Cp.llt.:r sl1.111 he liSP.! 1111" a bll,;im'ss 01" u"" whiLh
cr(:.1ll.;:i strong. Utlll~',I.al or o(f.:nsive Of lor:;. r\lme~, ~llISl or~ vapors; i" :t puhlic
or priv"tc nlli~"u"'t:; cndt!. noi:,;,: or ~l')IIIl"S whir'"h .,r.~ nhjc(~!.inn;.hlc rl~t: tn
inl,'rmill.1ra"p., b'!dl, fr.\{tllf"r"'Yt shri Illlt'ss tHO lu,ullh'S";; ur crf~,..l.:s UI1I1~...,l
fir',~. ~'xploslvf' or utl..:r h:t....II.o\s.
(f) r.o p<,rtio" of ltll' C:e:tt"1" nl,'y I.c 1....,"...1. "".',. Ill' "CCUld"oI OIS a I"~,,I th
sp., or cx.~rds'! !.wilitYi thf':t:n'i ",,,vi.. It'....lrt:; ""wi ill~ alley; billiard
p:Jrlor; f"".~r.d "arIlIr; f 1".1 n~II'k"ti ;lIo1l1,;tr;;oI 1II;l!lllfOlctllrinlo;i OIl1tn",,,hil~
dC:Jlership (exc"pt II dealership whkh slilr,,:;, ,Ii"pl.,ys, ~.d Is nnd opcratell
entirely ftelm th" intcrior of :ls lHlil.Ii"r, p...,vill.,.1 1111's prior al'prov.11 of Its
plans ntul ~l'crifkaliollS Is ol,taltk..I); di",'uth''l"''i SkOltillg dnk; bar (ollu:r
than Inci.I,"tlll tll a bllsiri':ss "p"l'at.:,! pri,:.,,,.; Iy i\~ a rcist"urant). a
restn'"'allt or har/n:st,"1ul".II,t nMI'kctin~ a styl..' ('If "p.'r."1ll,,"s suhstOlntially
.lmII.II' tn lhn....r. hror/r.:"t:Ollr;t,.lH ,,("'rilt I",: """"" lI,.. 1111111.' III "nil .'ridaytl" ,
Chilli',;". or "1\""I1I~:,,"~", .Illll:l h"uk._lul.: ur ,'sl.ll.listu""lIl sellinI',. !lhovlnp',
exl.ihil inl; or distribllLi.,): purlloy.r':II,hir: III' "1,,,,,,,,",: m.lt,'ri.lIs: rn.ass:Jp,u pador:
a Inelllly which sells IlleKa) rlrlll~ p""lIl'herll.d ia cnllutll,nly rcr,!rred lo all n
'so-cdlle.1 "heOlrl shup"i unsupervised amllS':lIlelll "....;".1e 01' l:am" roomi bu,ly and
fender shol'; car w:lsh (excepl .15 Inrid,'nllll lo a R.1!lolllle fl1llng-st;ltlon)i
oU-track Lettlllg p"r1or; or rcstnur;lIIt or fOIst COIl.1 opllr.,tlon tncorporattllg
coln-opcr:ll tny, aUlllSI'mcnt,; or ,;howlnr, movi.:s tu Its c'l!;lon..,r5 thereof olher
than .'111 1111 inddclltnl or Illul1:at'Jrlnl p.lrt of It II hllSlllcl</l. Nolwlthstnndlnll the
Coregolng contained In this Sedlon 3.01(f) thnt fifly thollsllnd (50,000)
squnre fout spnce on Sr.hllrl ill's Pnrccl de,;ignnl'.'d nn Uti! Site PIIIII all "Anchor
Store 1" m.,y be u!;ed os a h"0I1 th sp" or J\ ex"rr.ls{' f ac IIlty or Itn indoor mov Ie
theatre prDvided th:ot nil oth"r obI iy,,"1t lOllS or provis Ions of this ^grcement
arc compl il',] with.
(g) ~o portion of th~' Centnr outsicl.! of the /II) l'ared'wlY be used Cor
(l) g,.ner:ll offic.:!! ngK...",~ntin& III cxee,;s of 1 ,'iOO 1l'lu."1l"e feet (exclulllve of
the office tipncc U5e,I for the n:llIag,,""'lIt of till' Ccntll(, vhlch splice shnll not
exceed 1,000 IIqunrll f~t)t In silc); (11) a restnurant In exceu of 4,300 sqllnre
feet; or (111) a home Improven\l'"t center ur for the 1I,11e of lwnber, hardware
Items, plun,blng '"'pI'II"5, electrlr.al "upplles. p.lInt, valll'npcr, carpetlns,
(loor coverings. c,'lbillfJts, sldinK, ceiling r.,ns, K.1rcJLolllllg !;upplles, nursery
products, furnllure an.! 1'001 supplies nn,l other rtd."1letl 1t"IRS cUlltomarlly
cnrrlccJ by 8 homc In.pruvllllt:lIl celll.'lr excepl fur the Inr.ldentlll sale of such
Ilems 50 long as the /lD Parccl ill usell fo,' a I,om'! in'provCllh'lIt center. No
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relllAurant .hall be pcrmitt~d to (\p~r..ll! 011 ~.~h.lrlln'. Parcel withIn 300 feet
of the Mill entrance of the bui l<ling to be cr.;ctcd un the HD P8rc~1.
~ot",llhlll.1ndlllg the fOreg:llllg. the ulle of lr.!', thllll 2.000 .quare fet!t for the
Sl\I~ of paint. w/lllpupcr or ,=clllng failS In t!lC ag"rcg.,te shall nol be dl.'emed
to constitute a vtolo1llon h~rcor. The partic, shall be responsible for any
special permits to bl: required by ordlnnn':e. Inw. rules or regulation .of any
goverrunental entIty for ccrtl1in UIlCII of Its Polrctd. lIur.h ns the .torage of
IUIl\bcr. &ardpn suppl ie._. p"lnl. cte.
(h) Tht'r'! 111,.111 be no promotion. entl'rl.1inmcnt. amusemcnt or other
ae' :"ilics in thc <:.'rr.lMn Areas. including 'the s i.le....dlc~ invnedi.,tely adjar.ent
to th~ pre,;t1S1" (\1'\:III';,'d t.y lIu<:h mc,'r:IulIll.-. ..~.i.'" ...."jl,t IlIt",'fere with the u"e.
of ll". Con.f.un Are"s "".I r..llItp..! fuelllti.!" h'r th,.l, IlIt':II.I.'.1 purpl'';':l'.
:-<otwilll"litll.II,'g tl,,: fllres"illg. 110 "illY uti I i7C tit.; "",ti""" III the Con.nOIl Are.ls
d'~5Ig".'t('d h)' Ilo in th,~ futllre in arclls on the 1(1) 1',Hl'I'I an'! on the Sitt. rl.t:l
which do not IMteri"lly "Iter the parking r""r.:ir.:n','ntl' set fnrth In this
Agrec"1ent for purposes of Chris lr:li1~ t rec sa: C.i nn.l ('.tll.'r se1l!<"II:II sa Ie,.,
(1) The architectural improvcmcllts (!n.::u.ling buildillg 1111<1 other
inlproVcmel1t5. utility IIn.,,;. drivcw"y'" IIIRn~. l",,'lcilljl. IIren!<, Ileht....
....II.b-culll. aCCCA" WilY". Inll,Illl.'''I'IIII!. 1I1111 lilt.. !,1'''I'I,,'allulI a 1..1 alte deveIClI'IIIl~lll
world erected or perform<:u on Sch..rlin's r"n',,1 from time to time shall be. ..
perforl\lCd In sl.cordance with detailed pl<lns a 'Ill sper.iflcations therefor.which
shall be submitted to HD or its suecessor~ or assigns as'the title holdel' of
the HI) Parcel prior to the comm"ncenlcnt of any work on Scharlin's Parcel.
(j) In thc cvent nn no lon~.~r uses th:. HO !'an'el for a home iml'ro....'!ment
cr.lltl'r. 1I11 shn 11 recoRII i 7..! ,lilY l,x,'l..~ i ve .;rl\ll~ e" hy !khl1f Iln to ;1 \1I'er of nlure
than 1(,,01)0 5'1U;1r" (,;"t of SI'''';'' pluvi.tr:,! lit;,: (i) "'1('11 II/a:' Is III opl'r.ltlon!l
in s;\id SpJCC for thilt pcrm:tte<l cxdusi....c. "...1 (j i) the pI'rmittcd exclusive
will 1I0l prevent till: u~e of the Ill) 1'.1n:d fur \'.""':I';d n"Hch,lIlisinil puqmse5.
Serlinn 3.02. Oullot I''lr.'.:l R""tri<-tion,:, 1~,,' p.ln i.,,; i1,:knu,,'lcd,;e and ..grcc
th"t-th~ee-(J) 'certain' outlot ~p'l1r'c;;(s 'cld~'t 'J!'..,,, S<:II.I,.lt"',, I'"r.:..: (r.ollcctlvdy
Lt,e "Outp'ln:el~" Indj.,'ldll.t11y referred to ns Outl'.....:d~ ;1:' i.llli.'.,l".1 011 the Site
'1'1...n) whkh .H'C ",orc l'arti,('1I1;\rly de!<r.t'ibctl in S<'l.....llIl.~ "A-I'" ..lill~.:<..tl hereto, 11.111
loe;Hed resl'c'c:t I\'ely liS rle"lgnat..,1 on the Sit.: ['i.,;,. . In ndrlit j,," to the term.. ..\llll
contoi lions of this Agr",!,"..::t which relat.: to U.... lut f';Ir",'I~ as ["I'l of the Cr.lIler.
the development of the Olltl':lrcc.ls shall be :;\lhj.:,... lo l!\l follo"ing r<!strit:tiolls:
(a) The OWIH.r(S) of the Outp...rccls <:O'''''.'':Il /lll.1 .,,:"c,! lo sut.mil'to IIlJ
for approv...1 rornplr.t., pl;lll!> and Sl",,:f i.:at iOll- loll' th,' ilPl'r<l\','",,:nts to I,,:
constructed 011 s..id Outp"rccl(s) which 111'1"')" t! '''list b.. .,I.t;!i",'d plor lu th.~
cOlllllencemcnt of IIny r.onstrucl ion upon lilt' suI :l."r:t OIl'-l..,r<:.:1 ...nd wi II not be
unrellsonably withheld by IIll provided th.\t (i) t'!." iml'.....vem~lIt" mlll laJlIls.:apinl;
shall not obstruct :IC.:css to, pill'jdlll: on. ntH d"...i...t., I nllll 1I..: :'I,Hlll\lUll
Building Hoor Arr:as and ~l:l)(imllJ1l lIei!;hl. s.:t t",'lh on t1..~ Sll.' !'lln!. be ill;: lh...t
no .blf.!ldlnr. cOllstruct,!d U\'"11 IIllY Oull'........1 "t,..! \ ..X....,..\ fl.... (I) Jl\llry 'lI"
twellty-five (2~) f.:r.l In hell:ht n"r mort! Lh,lIl ~.t1du ~'l"''''! r.:,.t In ,,17.":. (II)
tIll: building and other improv.:mcllts inclUllilli: L't i 1 ity Li'H::;. <Irivo:ways. signs,
curbing, parking arc.:!,;. IIKhlS, acCo!!!:"; ..'ays, lalltl"""pill~. 111\<1 ,;.ite prcparalion
alld sLtc developmenl ",,'rk crecled or rerforlll""! 011 L1,,,' Oulp:lrC'l:1 sholl be
p~rformr.d in a~cord"I1(,'~ wilh the ;1pprovcd pl.."s ..IId spl','ifi('.,lions. (ili) the
Owner of t!.e Oul!,arcel sh:111 I,rovide evi,lcllc,: of it.~ illltmtil1ll to illd\:ll\l~lfy.
defend. hold ","l !;"Ve the other OWller,;. and UIl';r ,'j:';lIls, scrv.ltlls; employce...
officers a,l.1 direclor!< hU'R11cs~ from /1ny all., .,11 In..s. dar":I~..~. IInblllty.
costs or expenscs al'i/dng or (Illcg~d to h"v..' .lris,'1I out uf I1ny' intcntionlllly
lort lous or rwr,ll,;cnl ..e'l or olllll;~lon of lIk l)1o"l..:r of llll' Dulparcel. its
agent,;. cHntl"Clr.tors, !'oubconlrilctors. SCI'Vi1IlL~, empIOyel'''. licenscs or iovllce"
111 conllecllon wi\1< allY c,'nstrucllolI work to h.' l',.,.r"rllled by d.. at the
dlrer:t"lon of the O..,,<:r uf the Outp(lrcelj (1\') th" construction llnd
improvemenls 011 th.: Olltparcel shall be perfon:le.1 In ncr.ordnn('c with it!;
.construction schedule '..hlch I'lIall be all eten,,'nl of th" plan.. and
specifications, (v) th,: balance of the Oulp.Hccl shall be pnved. striped.
lighted and landscaped in a manner subject to Hn's prior wrlllen 4ppro....41.
which approval shill I ,wt t.l' unre:lsoll<lbly with~ll:ld. (vi) the dl!.signBted pllrkll1g
for the Outp/lrce1& al'( self-l'uPl'ortlng, In ".Iuillon. n.) bulllling shnll be
constructed on the Olltf'.'lc<:1 olllsl,l.; the bu[luill~ /Jr"ll de,dj;lInt..-d 011 the Site
Plan: .
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(b) No pylon lIi~ns 5h311 be erected or permllted on the.Outparcels
how,~vcr the O...nl!r n:,y submlt planll to NO Cor It.!! opproval "h\ch IIp~roval liD
can ...!llthold In it. /lolc and nbsolutc ~1!lcr,~lIull;
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(c) The on-site parklnr. on tne Outparcels shall provl.l~ for lhe'mini-mum
amount required by I.,... (without varlnnr.e).
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Cd) ^ccell!l td the Outp.ucelll sh.111 bp. by two (2) curb cuts as designatel!
on the Site rlnn.
. (e) Mon..: ot~..~.. UllP'!1 pe..mitted hy this A"..e,'ment, the Outpnrcels rn.'lY br
ullcll Cor nu m'He t!.at twu (2) rCllt;lur"ntr.. provldl'd hllw,~ver In no event shall
such restmoralltll b" the typc of rcst:lur"nt or har/ocslilllrnllt restricted by
Section 3.01Cf).
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Sectl~n )..03.. r!~wl~I'~.:nl ~f S~h.,rlin'lI Parccl: fh.! p....ti<:1I ngrec thilt. they
intend to develop the KO Parcel an,l Schnrlin'lI Parcel for shll(ll';ng center and
related uscs wi th corr.'I1.,n ro..lI....ays ']I\d parking nrcns as llullciltcd on the SiLe Plan
and other site r.,cilit:es. IoIhile the plnns alld specification!' for the developl\ICnt
of Sch:,rlln's Pa..cel h.lve not been flnilll7.pd nnd ,'rproved by the parties as of the
date of thi!' Agreemcnt. thl! parties Intcnd herein to p.'ovidc fllr the design and
cotllltr..rllon of the ..I:" lmprov"ml'ntll In~ln<lin~ without I Inti tilt Ion rondwny~.
pllrklng nr"/I". COlI1l.I<,n "lIlltlctl 111111 Iltt."r rOhu.ltll\ lilt!! Ihl('rUvclI,,'nts. Scluorlln
shall con"trll,.t nnl! d.!.,c\oI'C S~h:\r\ill's Parr"l all parl of t.h'l C.~ntcr in .'lCCOrdllllr.,
with all the terms nlld pnwisluns of this ARrc,.,u",nt nnd the pl..ns anll
spcclflCiltions s,~t for',h in ~c!\~~(!~!IIl. ..~t 3111lI.'X,:J hc..etu Lind m:ulf1 :1 part hereof
(the "Sit" Iml'nw"h'o.:l1t~"), llnd In a good "nd work"'"ln\ikc "':\IIncr reallonably
desig,)".l to mlni,"i7.t~ 'my i"t.,..f,~rt'n..e wi th the JIll l'ar<:.:I. Any 111",11 flClltions,
rcvlsions or ",ldltl"ns tn ~,'h,,'lule. ..r.... indnellng wi thU\lt I imit.ltlon the gr3ding,
lighting, 111I1I11I....I!>Iog .",.1 utility pldns nrlll r"tlsto'\lf"tillll "clll'dllle ..hilll rC1luirr.
the prior written app,'"v.,l of fHl. All IIIlf'h wlII'k call<:d fnr In the npprov('J plnn"
anrl sp",'ifir"tions :;h:,'\ I,,! dOllt::1t 5,h,,1'111l"S solI: CL,,,t 'I lit I eXP"Il:;" in nccordanrcl
with all requiremcnts .,f law. Inclndin~ :.11 rill",.;, rt'hul:\l illIlS, orrlinanc(;s,
st,ltutes nnd gl1lrl,,1 illt"> r)(')III1Jgatt~d I.ty any "1'1'1 ir.;IlJl" 1:0"1:1"11111""1..1 '01'
(l\1.;\st-r.o\,.t'rnm\~1\la\ :tulhurilic~. ta~':IIr.jr.S or C1t't..\lIi~.llilJr1s. SC!IHrlin will ,"'rply
(or arId oblain. .1l its owu t::<pcnsc, c1ny laud nil (It'C'..-SS.IfY ~nVt'rrUl1(.':lIl:tI approvf.ll:;
for the nn HUrl otf-sil.' irllprovcmc.nt ""o,'\( In S.~h.If'! ;l&fS I':,..(".~J lrH:hulin~ without
limlt"tillll the buil.lill, l'.~rntlt Cur ,'IIY of ils i"'pI",)\."",.."I", The dc"l!:" of the
site work 011 SCh,lrl III'~ Parr:cl "hall he Clll"ll'"t il>I,- in ..tll f"nr. illnal elclOcnts <II"l
Itenerally consiFtl'lIt In qu.,l it). IIf loo..klll."I,;loip ..lid ;lPI.....r.Il1f..~ Ioj lh the rc.'';~ of the
Centcr. 51:h:lrl in shal. indemnify. c\"f~'n,l. llnlll .\1111 SdVe IIIl ;11\.1 its a~cllt~.
servants, etnployees, offlcerll alld din!.:ttll'S har;"II'>.~ I n1l11 ,lilY and :111 lo..s.
d;lmngcs. Iiabllit.y. co~ls or eXpens"s ...ris;n,: ;l' .111.,,:,.11 l., h;"',, aris.m Ollt of .IIlY
illtt'ntilln;llly torllous 00' nel\1 ill""t ,1,:l or tlllJi""i,", 01 ~H'I,,".1 III, his ilgents,
contr,'lctor~. SUbf'ol1t.r.ll~lurs. s('rval1l'., elllplny,o,..;, 1 i""IISf"':-: or iuvilcc!i in
cOtlnet:timl w:tl, .IlIY CUllslnl':liul\ 10'01'" to \".. p,,,'I,,,,,:,'" h)' llr ,I~ lloe r1lrc"tlulI o[
SeII.1rl in.
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~cr.tion_.4..01. 1.!.,!dllt.Yi.ln,l~mni[.icll_tion. F.;lch Owner shnll Indcmnifyand
hold every allIer O.....le... tcnant, .1n'" occupant of the Ccnter hannless (eKcept for
loss or damalte rcsul11ng from the tortious ncts of such other p"rt les) from and
aF,ainl>t a'lY damages, liilbility actions, claimll, and expenses (including attorneys'
feell in 8 rClIlHlnnblo Mlount) in cOIIII.~rtioll vlth th.: 1",,11 oC life, personni Injury
lIlld/or dnln.1f,e to prorc~ty arlslnF, frum or out of n"y occurrence In or upon such
OWllcr's Parcel, or occ~I>loncd wholly or in P:Ht by any .let or omls.~lon of said
O"",'cr, itN tCllilntll, a!-l"llls, cOlltrlll~lo..s, <'1"l'loyo:cs. or licellsC'cs.
~~C.t.l_O!I,II.02.. hlllhility._Insl1r.ln,:c. Ear:h O....ner shnll m."lI"l.,in or clluse to be
lMint.,IIl~d cOhuncrc!.,l public 1l.1bllily insurant'\) insuring IIgnlnst claims on
account of lOGS of life. ho<111y injury or pI'III"."I'ty t!nm.,gc thllt m.1Y .arise from, or
be occ.asloned by the conJltion. Ulle ur occupallcy of the Common AreDol' in the Cenler
by thc Owner and its tenants, agcntll, contrnctors. employ.."es'. IlcclIl;ces, customers
and Invitees, of such Owner or t\.e occupants of itll Parcels except as hcreln
provided. Sald InllUrntlCe shall be carried by n replltuhle Inl>UrdllCe company or
.
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6:'" . 5 r9 1960
companies qunlified tu do b,",ln,,,.,, In the MiltI' of .-tudela And hAVinS llmlU for
10.. o( life or bodily injury In the amounts oC not le::s than One Million and
. No/IOO DoIIArll ($':000,000) single limit cover~ge for each occurrence and One.
Hillion IInd NollOO ~Ilar" ($1,000.000.00) for proper~y damAge Cor each
occurrence, or such IIrf'ater AII'OUnU as are typically carric'd Cor similar
__ ____ .dc.,,:clopments_..~n .~hc ..l'al~..!eClch CO~'!t'I, Fl~!!!~!,.~~..~:'!:.~_O_~_'..':r _s.~l.L~e._n.amed ali"._ ___. _ .-_."
an additionAl In.ured on each othC1r Ovnen policy. N.,twlthlltnndlnll the forelolnl.
a:lY Owner or v"rty r.."ponlllble to maintAln .uch inllurnnct' ",,1Y "self In,,uro'', or
provide Cor a d,'rlucllble from snld (,OVt~raRc related to the Pl\n:,~l, to the extent
of one percenl (1t) of the n'?t worth uf Ilald Owner or pnrty in ils la!lt annual or
flllc~l yenr all certIfied by an indepcndent certified 1~lhllc accountant and
computed in accordance with generally nr.cepted a,:counti..~ principles cOl\5istently
applied. Such inll..r""ll'e mny be c.,rried undl!r a "blnnkr.t" poli<:y or policies
covf'rlnl\ other properlles of the ".,ny nnel itl< "ub~leli"rics, cuntroll1ng or
affllinted corporallons. .:;\.:h OWller shall, IIp,)n wrlttcll rt~q,,,',;l from the oth.C
Owncr, fllrnl"h to lh.! p".-ty m.i1killJo; ,,"('"h re'l'lI'r,t r.r.rtifi,'''l(~s of insurnnce
evldcncln~ the c)(.lst~'II"c of the \II!o.lIrnnce requirc.! to bl! cnrri.!d purslIlIl:t to this
Section or 'evidc:l':e of n sr.I f-iIlSllriIIICr. c,'pile i ly .'s herr.illahove provided, as the
case IMY be. En,'h O"'l,!r hereby wnlv~s any riPi!'l" of n!covel'Y "lIainst any other
OW'T'er, i ls d i rt!ctors, or f kerl'. cR'll!nYt!\!!<, i');"111S n!HI 1Cl\ill1i." ill1<1 occllp"nts for
any dnrMRc or <:nnsc'llIp.nliill foss cov.:rcd hy s.,id polil'ics. ay,.tinst which Illl<:h
Owner ill prntt!t.tcd hy Insllr.1n"'I, to the elCt.'llt of the V"',_.:e.ls pny"blc un,ler- such
policies. wlwth,'r or Ilul such dn""lge ('r lo"s sh:1l1 have h:el1 c<lu"e,l by any acls 0"
omission" oC till' oth.~r O"'II"r or its direr.lors. ufficen;. eRll'loyees, <1gr.nts,
tenants or ",crlllHnt s.
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Sect.iul1 C, .(11. ~.~!<U."I !.ty.
(a) If nny of the bllildillgs locilled 011 ,lilY ran"!' i~ drtRl" 1:..,,1 or destroye,! by
fire or other c.,usc. the OWller of s",'h bllildil1~ sh.,.11 I""'mptly cause elth.!r: (i)
the rcp."\ir. rcstllratiolls, or rehlli!dtll~ of -lhe b.ti !,!il1!: so r\"I"';II~,!d or d~'stroYc,I,
or (iI) th~' r",dng of allY u3mitr;'!d huil.li",.;, th" fillin!: pf nllY ':lCt'.tv"tloll. nnd
pcrrorm."ltu..t~ of ;U1Y ()ilh!~ wnzk 11"(~t:~;~.lr,y lc) put SlIr h porl illU'O! the Ccnt~t' in it
r.1~ill1, sir,hlly . III 01 1>.1f.' ,'o"IlitlulI. .
(b) In th" c....'lIl ,,"'y r"nur.'''t Arr..t i"'I"""-""','nl:' .If"" .Lm.lr,".t Itr .J.~strllyeol, the
Oto'ncr of lI,"; Poll,'cl to ...~,I..h s....h .\,,"';...... h.,,, "-..,,,.,.,,\ f.b. I I pn""l'tly C~IIS" till:
lcp:Jir. rc.slc'r~.l.:C)n or z-,=builclin.: nf lh.' Ct-rlf"l": I\r"1 irTf:lv"If1I:ulS to thl~ cxt.~nl
nccess..ry t.n .,.:-t.,rc tht" .'In',t nUll;lI"t! c.'" tI'l" :'-oj ",- .'I,ln tl) il~ pn:";iously ili'ljlTl>\".'c.l
condilJolI ilnd n~~lol'c SUf-" c.'lt.,or ...,t.... t., tr,. .....:.' ~ (to"" ...~af'y to .Ivc)\d
iQlCrfcr'cl1cc wi t~1 tl,,' rc.a..dcit.... C:p""r. ,. ,\r"f",. o. I , .'.. r. "I"" to ;Jtlhrrc to 411Y
rr.quir(.'d par"in,: r.,\.i,--., r.~"lIi",,~ ly ,of'- ,.,.1 :1 ,.l t"~l :li.
SftrlJC'Ul c,.n:a. C;'S'I,",:t-/ I: .'~!,,!",I'. .q:,' 1'\,r=.I..I1:U11-C c.lf thp.ir
rc:;p~l'li\'c l1t,li~.,t\CJt\~ u',d: - ~.".'t ~ 't ~ l11t, r, "I't:~livl' riJrCt,:)';'
"h.,ll c.,u~': let \Jc cnni"'! Ii.. ..,.01 "!"...,, :.' i.. r.III"" on .ill buildingll
And iml'ru\'t'm"nts on th.:ir ro'"i''' tiv. 1.1:"'" ,-::! ,,""';': or tll,' replacelllcnt C'ost
of sue-It hnlll(lVel~~l\t". ;\,,,1 in IlIr,h,"t. ill l..,,-l "11: i. i. nt to ;1v.,j,1 the effect oC
<1ny co-ln,:;u['llOco: provision!' of Iillch p"l iri..~. .:~" ;.t if lh.' (l..,....r (If !lait! PllrcI~I,
or p:trty respollsihle (or nn)' r(''!lIirt'.1 rcstor.Hion'" j" p' rntill,',l to "self insur,,",
n!< h.!rein"ftcr Ii~t forth. ~ili" insurmH'l' sl,all Iw c~I"I".1 I'j ., Tt.:}lutilble
Jnliur:lnce ccn'l"UlY or cnml';lI1il!s '1".,1 if iet! tu <1... bus in."'1' in till' Slilte of Florid.,.
Snch lJ"".rm.,-" ....,y b., <:.,rrl.',1 UII,I.,. ., ""I.,nh'l" I'''llr'y "r 1',,11"1,," coverlnK otlter
pl-operlJ..~ of tllo: pltrty ,11111 It,; Iiull,d<l l"rlf'1i , l'ollt,olllll~'. l'l llffl1lnted
corpornlJolls. All surh inllUTJIICe I'h.d 1 indu,!'" l'rovldllo,; dl'lI)'ing to the inllurer
subrol\allon rights 1ll:~i"Sl the oth>!r I'ill.tlcs lo ll,.', ('xl"lIt "uell rights have been
"'Rived by the 11I5ure<l prior to the o.:currence of u;unnt:e ..r lo!;/.. Each OWller
shall, upon ",riUen re'1uesl from thc other eWlll.r, fnrni"h to lhl! party II1lIking such
,'cquest certificates of insurullr.e evidellcin~ the exlstctlt"e of the insurance
ro''lulrr.d to he ('"arrl".. pllrliullnt tt) tlllR Sl'cll'ln UI' evld"Il,:e of n I\clf-inllnrance
o:,,\>nclly nil l,c...,IIlRbovo: l','ovldcu, a'; tltc cn';t: m"y I",. Elich Ow""r hereby waives
:lay right!< of recovery i11~.,in.~l ,'''y ollH.'r O"'lIcr, its dircftllrs, ofCIt:crs.
t:l1Il'lo)'cl'~, .'!:l'lIts all<l t<:lIanls 111111 t""-UI';'lIts for ;IllY d"lIl.i1.:'~ "r I'IlIlS':'lul:llLlnl 101l1l
OJI411
, 1".1
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I =i 1<761
o
eg
cov~red by lllllrl pol icles. .,galnll:t which Auch O...ner III protected by InAurance, to
the extent oC the proceeds payable under aucn policies, whether or not such dsmag~
or 1065 ~hall have been caused by any arts or omissions of the other Owner or ita
directors. oCCicers. employeell. agents. tenants or occup.,nts. The Owner
relll'o".lhl" to 'Mlntnln ~ud\ In~\Iro1l\ce mny "Af!If-lnr.url'''. nr pro'ld" Cor ft
dcrlllctlb:e Crom ll:urh In"ur.,nce Crom BI"'" eoverap,e rclnted to lilt' l'oIrcel. to the
extent of one (11) of thl' net worth or said QW'tlcr or pllrty III i tll last. annuli I ur
(illcnl year liS cerLlfiecl by an indcpendent certified puhllc nccpuntant ~nd
compllt'!rl In acconlnnce with Rcnr.rlllly I\ccepted accounting prlnrlple conBis'ently
i3pplled. ..,
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!'ir.:Ll<'" ';~Ol. F'mitU'nt Onnnln. In the event the whole or IIny part. DC the
Centc; sh.ll'l be' t.,kl~n hy,'i!\hl 'of eminent dom.,ln or nny lIimllllr i1uthorlty of law
(8 "Ti3kin,r.>. the e!ltire llW.,n) Cor thp. value of the land ."lnd improvements 50 taken
shall belonR to the Owncr of the property so t.,k,~n or to 6ueh O....\er.s I\\Ort.R.\p,eeS
or tenantll. all their InL.~r,."tll\i1Y i3ppeilr. and no oLh~r O....II:r shall have a right to
claim any portion of ~urh it....,...l by virtull of .,ny In~cresL created by this
Agreement. Any 0"11.:r "f it r.1recl which is not the ~t1hje~t of <l taking may,
however. file a collater.d claim with the eonucrmin" authority over and above the
value of the land being so taken to the extcnt of any dilmage suffered by such
Owner re~lJltinll fro", the ~"Ve'i\n"e of the 1'"1<1 or iOlp"ol,'en1l:ntll ~o taken if 6uch
claim "hall tlot operate to reduee th" .,ward all,"'"llle to the Parcel t"ken. In the
event of "I'"rtl.,1 T.,lr.in!~. the Owner of the portion of the Cent,.., 110 t.,ke" shnll
restor.? ti,e lmpr'uv,-"ml!llls loc::.alucl nn the COOinh'll ^1'1::I~ of ll,., Own,'f's Parcel all
nenrly "" pos"ihle to the con,liti,," l.xi~tinr. prinr to the Titkin!; witho"t
contribution frllm any all,,,,. O"t\er ;\1\.1 ;\l1Y port 11111 nf an}' C1\1l1h"""ilLiol\ award
neces"ary tht',."r,'r sh,d I be h< lei in Lrllst ...,,1 ilp;>1 i.,,1 I,"' "lid. l'"rp(1"e, prnvillccl
however that in the event such procc~ds .lrc l.'lkl"':ll hy ,"l I1I0rt~.1~~(, to red'.lcc the
mortg"gc deht lInd..r su"h Pilr~e! sudt .fllnels "h;d! ",'t hc twlel ill trust for sll.:h
purpo~e" bllt the Par.:.:. I (),.",cr sh.d] rem,lin 1i.1I,1,. 1.11' 'lilt! "hi i!;;ll'~ to ~Udl
rc!;lor,'liC)n~.
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, .
Se,:lkn (,.Pi. ~." I lie-Il': 1.!.~u.Ribh~,., Di"rHl",;.
(a) If ;IllY O....ner roh;d I ",.fall] t in thl~ p..rfor""'"'.... or .111 ,,101 illatio'l of slleh
Ovtll'r (s\II:h O",".~r heill~ Iw"ein cnlle.1 a "llef",llli".: Own..'r"). ....ltieh deC.,ult .,ffects
Lhe O""1l'r of llllot1.cr 1';1 rCl: ! (uLl...r th;11l the "'T'\I,,,t.' O""O'r of L11" Outp"n~cl) (:In
"Affected I'.'rl;....'. su~h fLflect,!c1 P;Il'ty. ill atldili'''1 Lo ,d I otll,,,' re/lle,lie5 it n~'y
h.,ve at LJwor l:l C1lllity. "fL~I- t,.n (10' d.,y,;" prior writt,'n notice to the Default
(hn.cr nil" ,'''y f"irst ~lorti:;'.:e\: Ill' Sl. (,"'",,,or ~,. h<'r..;" ,!t.f ill"" (or {II the ev.:nt of
.'11 cn1f':'r.'':-:1I~Y i.t l,'r' surh IlOlirc :.IS is pl"ilf.titO;d lIod. r Lh,- f"irl'\ul1sLIUCt."S), shall
h;"'e the ri~hl Lo 1":1"1",,"" surla "IJli~"ti"" on h,.II.dl .t! Ihe [11..r.llalLill~ I)....ner.
~uhj\:("l tl) lht: r1L"l'ute rrllvisiuns 01 St~r~lif:lI 'J.I)f) llcor,:ill. In Sllr." event, lh~
DefaultinJl; O..."rr sh,1I1 p'nr.lpLly ro.'illllour~c thl' At fe, l,.t! I'.uty L1,,~ cost thereof,
to!;l'Lhcr 'lith interest thercoll I nun U".. d.lte of all'. LIY ill., rille e'l".,1 to the
les""r of (I) two percent in cxn.'s.o: of the primc !"Ildiny, r;lte ch;lrged by Cilibank.
S.A. for cOlltnercl:d IO:llls of It" mo"r perferr.:-d cOr.lll..,rei.,1 cusLolllers or (1I) Lhe
highe,;t rate l'<,'rmiLte<i hy ;lppli"able l:\w (th" "Int"r,,~t R.1"''').
(b) Any l;uch cIa:", for rcimhlll,,;,,,,,,,"t. to".:tll,'r with llltcro:"t thereon as
aforesaid. sh;.11 be secured by n I len Oil the rarccl ;lnd Improvemcnt" thereot) OWllc'd
by the Df'faultlng O...,ler. which lien sh.,ll be eff,.'ctlvc upoo the recording of n
notice thereof in the approprL,te rerording off ice for Palm Ika,,1t County.
Florida. The lien shall be subordinate to any fir~t mortgagc or deed oC trust n010l
or here.,fter affecting the subject Parcel (a "Firsl ~lurtg"Re") nlld Lo the interest
of BIlY pRrty who hAS purcllllBed tl", l'nrcel no,\ 11';\""(1 It bnck to the preceding
OWII<.r. or It II sut'sldL,ry or nlfill/lte. 011 n net le;\"e basis with the lessee
1I"lIuming al I ohl igatlons thercllIlIlp.r :.. whitt Is co"u"only referreel tu 1\11 n "sale
leaseback" transacL Ion (1\ "SL Lcasl~"): :\1Ic1 .,ny pllrcl!.'St:r at .,IIY IllreclosLirc or
trulItee'/l stile (as ....el I {I" any gr:IlILce by deed in 1 it:\1 of forcrlllsure or trustee's
snle) uncler any such First MOltg...ge or "",dgIH.'C of >ill('h SJ. l...I,,1' ~",l1l take title
6ubject only to liens then'nftcl' .,ecrlllng p\lrSll""t to this Seetin" 1>.01.
.
-9-
0%'''11
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62
J:~1962
(c) In lieu of llle nftlre.ald rl~lIl" in Section 1>.01(n) ur SCl:tlon 6.02
henlnbelow, if ,.. IJefnultin~ O,,"cr'!I.defau)l nrfeclll thl! Olltpnrcel O""t!r or any
occupanl thereof, then the OlJlpnrcr:l Owner or any occul',1nl therel,f shl111 hnve all
remedies aVllil.1hle In law or in equity.
~~!=tI~n .~.O.2. !,n.iu"c,liY,e..~l.1"_O.th.er,_~~.n.!.c'.I..i.e". In the event of a breach by lUlY
Owntr of any obi igation of this Agreement. the O""er,; 01 tile. HD or Seharl1n's
Pnrcp.I (exclusive of tht. Olltp"rC'r.\; shnll hI! entllle'.1 to ()lJlnlll ,," InjunctIon
8!,eclficnlIy cnforclnl! the performnnct' nf 1111('11 ohll!;;lllon: the O\iners herelJy
i\ckl:o..lcdl!;e 1I", in"dr.C;II.,(')' of lcr,nl rcm,,<Iics .",,! lhe irrep"rahlc h:lrm which woul.1
be caused by ,"IllY sucll brc.,,'h, and/or to rei ief by oth,-,' .1\";1 i l."lble legal and
e'lllili\ble remellies frc)m thf! cons'1'1I1"nrr.s of slid, bre.trh. Any ac! iOll tnken or
dor=ent executed in vinlalioll of lhis AKn,'~n..~nt sh;lIl he 'voi.1 and ",,"lY be !Ir.t
alll~e upon the !,ctitioll of the other Ow""rs of porlions of till! (.,nter. Any costs
o'1nrl eXI'C'ns("s of nn) sll('h pro"'~edjnr.. 111l'1u<lln~ .lttorll<')'s' fee" III n rc.,sollllhle
.:imo,"nt, sh.111 be p,"lid bl' 1J'1f.,ultinK Owner ."lnd, if rcC'ortled witholJt effecllve
Di~r\llp' liS provi,t.:,l in S,'rlion (,.06, "h:111 constillll,' 11 LI.!n al::1in!ll t1w I.1nd, i\lul
imp'ovem(,lIl~ ll..'r""ll, or lhe illtl)rC,lls ther"ill, unlil paid.
!i.ectlon ~...03. ~'1I! .1O.,iy.'!r:. :-Ou delny or omi"sinn of ."lny OWller in the exercisc
of Jny right ncc:rllill/l upun allY defnult of allY ot:,cr O""l.~r shall impair such right
or te con"tn,,~rl to bc n ....,dver lhereof, and every "1I('h right .m"y bc exercised o'1t
any time dllrillt, the cOlltill.lo"lllCt;: of such dcf:l:Jlt. A "'<Iiver hy nny O,,"cr of a
bre..ch of, or a default in. any o( the lerms and conrlitiun" of this Al:rcmcnl by
any 0ther O"'""r shall nol he c()lI~trued to bc' a ....liver of any sul,sequcnt bread, of
or cef."lult in 1I.., ","lme or ;IIIY olh':r provi"i'>I' of this A!l.n'"m"nt. Except o'1S
oth._rwise ~(l"c;fi".llly pro"i'!.:cl in thi,; A"r,""'" ilL, (i) nl) reln,~.ly pruvided in thi"
^r.rremt'lft ,;11;\11 h., f~~("llJ~:ivp 111,t. .',;\1.,.....11.,11 hI" /"ll1l1..I..tivp ....ith ,Ill uth,!r t-"n1r.ll.!'4
pro\l'lo!d In lid,; ,'~r""""'lIt IIlId (ll) :11 I ,', "', .I!" ,,'t I.,,,, ,lI III "1'lIty ,;!\1111 t.l!
av,lilahlc.
Scct.J.l~n (,.O~.. ;':"" -r.lmill:.t>l,~ ^gr,'.m"lll. :-;" hl"",,,'I. "t thl' r:'llvisioIlS of this
Agr, "".:nt sh.lll ent i t I r. ."lIlY Owner l'r (l.Il.ty t:l 1::l1:'-'~ I" r"~I' i lid or oth.!rwise
tt.r;"in.,lt.' lhi~ Agr.;t:1111.IIt, [,ul s,wh limiL.\til':1 sh.!ll lint ,lt1t'et., in i1UY m.tn;lcr. an;:
other right~ or rC.lr,<:'dj('~ which nny p.lf-ty 11!;.)' h;I':" h"'-I:I;::d. r by r.'.'~nn or .,ny
brenl.'h of lht' ptuvi~iOIl'" of lId~ ^~t':l'ml Ill. . :;ll hr. .1.'11 Id till' rr'lvisillllS ,Jf Lhts.
^r.rr("ml~nl ...h;lJ I ,1(.t'~:Il fir render illv.li it! tll(' 1;,:1 .d ~Ill'" fl'd' tr.t.... or (h,.cd ur lr'l~l
madt: in ~d,,(l f..if.h tor ,:..1\11' ('o\,._.til1~~ dllJ' i'.d'~ l'lol Il" 1:""1'1, ,111.1 .HI)' impr:l\.I.'nh_':\:'~;
thel,'oll. \
~ec;t iun b.n~. ~:nn.,' il.j,'11rl-. III lht. 1"."l1t .tll\ 11""'11' r 01' .In)' Illher p:1:rly shall
h~ ccL')'C:d or !dlltl\!J:"t.'d :n ,lr prevt:nt,"d fn'lt:'1 UII, i"': Illf:J:,,;h't.' or ilny ..el rC'luired tll
bl! ~crCor-nlf'd 11)' suell p.nt.y t'ly rt,',iI~:"n of I\C'" ul ("\11:, sl r i h.'~, l(),'koul~.
un/n.,il,,1ohil il)' of n:..ll.,.',II.t,;" fat lun: ot Ihl'...._.~', pr'ld.:bit i',;, ~11Vt~lallh~lllal "'"w,S or
r,:)-~\;It1tions, riul~, irl~'.lr'I't.t:tit)f\s, t.1tt; i,':l l'f" l.lil'll' t" d<.l of the other party,
.,dVt'rs(' ""~.\ltJ(:r I:ollditi:,ns p."'\'LIlt in,~ Ut'. 1" ..tnrt'I,t:ll' u, ......lll K ;L", c..:1....tifircl to by
~.n "rchil'~Cl, WHr 01' olLf.'r rt..'~'~tlll bt.'yolld ~llch jJ.tr~y's (~llllr(ll, t!lt:u the tinli! (.\r
perfornLIll('e of surh ;lcl roh:111 hI: cxt"lulo'd fen' .. I."..-j'"l t.:q"i\',l1el,~ to the period L{
~lIrt, del.,y. I",,'k of n,Io''1uate fllllcl" 01' rln.III,'i.,l ill"t.ility In p,'d"rln shtLII nol he
dec~.<!t1 to be ., cause bc)'ulIII the CClIllc)1 of 5a~h p;\t'l)'.
Secllon.6.0b. ~illp"t.". in lh,~ I!\'c,nl of ;lny disl'lIl.' ".: to th" Iweer.llily 01
any required o'1ctiOll or the pr'opricty of nny action tak,'n ..ith rO:;f'ect tho::relo or
lhe approprinlc cost or expense of Slid, ,,:;,tion ...hich is l!u, ,..uhj'~ct of
rcirr,bursemenl, if any, or any othel' cl.,irns or displIt" 'Il"kr this Agreement
("Dispule") lhe di5plltll1~ l'''rty.(''Di~:l'lItllll( P.uty") ~h:dl ""Iify the other (lo'1rty
.In "rltllll: 1111 to tho nalllr" of "ny RlIl'h fll"I"'t.. wlthlll II r(","hull"l>lo limo .ont I>y
any Affected Parly or Olo'lIl'r or OCCUI'.lll! o( tht' Cenll'l", In lhe ,"vent of a DIspule
against the UIl or Scharlill's Parcel (exdushc of the Outpar,:el). allY action taken
by the Affecled Pllrly or lhe owner or OCCUp.1I1t ot the Oulp."ll'cel shllll be subject
to Lhe righls of the Disput ing P'1rty in ,,11 resp,'ets and no I i"" or notice thereof
shall pecome effective unlil lhe judit.j;ll detel"ll1ill.ltion of Slleh Dispute or
settlemenl agreed to by the ",1rt les. Any ccsts and eXI'"nsC's lIf .lilY litlgallon
c.letcrmllllnr. ~U,",l nll'pulI'. IIlClu<llll~ IlLt""",'y'N ff-"" llll" f,,",s of nil lectlol\ in Q
rCi"o"oIblc anlullllt, shHl1 1>" p:dcl by ll,,' I"Hty judi,-i.-ally cI,'l,~rl1,;"".t to be at falllt
or in error. Notwlthsl.ll1din!: the forr'f"dlll;, If iln "m"I",;"II"y exi.;t" or if the
(Allur" lo t."l~C :IIlY aCli"" mi",lIt :;Ilhj"l"l. II 1'.lrty to (In,: or PHls"t'utloll Cor a
crirre or ronslilutc a th:Llult ul}llC"r i1ny ntorlf.a.~.~ or deed of t.r'II~,t, the rarty whnsl~
P,"lrcel ili so ..:f"ctC',1 s":lll h:Jve tlie l'il;lit. priLlr to a.ljucJic.ltioll lIf the Dispute
o Z I" lit
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aa aforeR~id, lo tAke renRonnble 5l~p~ RO ~R to protecl its pORIllon. lhe
propriety of ~hlch 118 ~ell liS the reiJ:lbursemenl oC lhe resulting costs shall be
adjudlcaled liS a(oreG~id to be in defAult or error In such Dispute.,
~~TICL~~~I~ :- n:K~
Thh Agrl'cn,rnt 11"" the rI'Sr!menls, rlghls, olJlig.Hinn!l and liabilities cr-.nted
herelly sh..,ll be perpelu.,1 lo the exlenl permitted hy la~.
~K:r~Cl~E .Yll.1 .::.P~I::~ELOF I~S!IH"lr:i~
Section 8.01. ~I"d&ag~ Suhnrdlnat Ion. Any mortC.'K'! or dco',1 of lrulIl
Afrecll~g nny purti':';, of lh'r Ccn'l~!'r'sh;i'(i al .,11 lim.!s be lillhj':':l nnd suhordlnAte
to the lerms oC tid R All: rcemcnt, except to the extenl ~xpress Iy otherwise providerl
herein, IInd IIny p~rty foreclosing nny such mortRn~e or deed of trust. or acquiring
till~ by deed in lieu oC Coreclosurc or lrustec's sa.c shall Acquire title subject
to all oC the terms and provisions of this Agreement. subject to Section 6.01
hereof. F.nch party hereto reprflsr.nls and w;II'r"nts to the other parties lh.,t lhr.re
is no presently existin" mortg,'ge or de<::d oC trust lip.n on itll Pa~cel. other th<ln
""'.'~;,..ge or dccd of trul't licn" thAt are exprt::,;sly "ubordin.,tc to the lien of :hls
Agreement.
~e_clinn_!I.0:!. B.incl!ns.F.U.ect. Every nKrcr-rnent, 1~('''''::':lIlt, promi"e,
underl.,kin". con,lilinn. casement. rll:"t, privileRO:, lll'tl'H' .,ncl restriction nlado!,
grilnl"d or """"n'"c!, as the C.1!H, mOlY Ill', by eitli'"I' I'''rty to thi" 'Agreement Is m.'clc
by Sl1c-h p:1l"l)' lIo1 nnl)' p,'rs,,,,.,lly Cor the lwllt.! it of Ihe ,.th.:r I'"rty hereto but
also...s n""er IIf" portir)1I of tlil"' C,'ol"r ,,,,.\ "h.tll cnll.-tilul', ,III equitable
servitude on the rort iOIl oC t;..! r.enter oWl'l.:cl h)' slleh p.II I)' aPI'IlI'tcnilllt to 0'111<1 tor
the benef; t of U,.: other port iOlls of the Cellt..r. AllY t r,,,,sf,,,',,,, of any I'"rt of
the C~'nter ~1i,,11 .lutnrt",tir..llly b" del.r.':d, hy .'..Ci,pla".... ot the litle to ...ny
portion of the Celit"r, tn I,.,vc ;151'''111'-'' .,11 (,hi i~: It i,,".< "f thi" Al\r.:t;,,,'nt rl!lnt;"I:
lh."cto to th,' ",(I.."t "I It. I"t,'r,'st I" It. ".11",.1 ,,,..1 III h.\\'.' 11111''''''. with tl,.:
th,.,n 0...,\.", 01' Owo. r" of ;111 oth.,r 1'''' t ;11"" of Ih.; C.'"t.". to ex..,'ut,! ""y :JII.1 ill I
In"trum,,"t,; .1".1 to .i" ",,)' ;lIld "II thil:~" r";'f,,".tldy r.... I'd r.,cl to c.,rry out the
'intention of tlds ^g.."""";,,t .m.1 the' tr;l"st.:rnr ,,11.111 'II'"'' the .:nmplelion of su,~1I
trn",;fer he r"lieH,t1 vI ;111 lurth':r Ii.,hility ,,",10.1' thi,; !'~I""o:I:":nt except.
llnblllty with r"'I",et tn m~tt"rs that mi'Y 11,1\".. ;"'i".',, "uri"njr\ its period of
ownership of till: p,".ti"" of the Co,,,ter sc e""..,.).:" tll..\ r.:rtlidn "n""ti"Cip.d.
S...r.tion !I.OI. :ion-[J"dirnlilln. ~..thil1l: ,.""t.lill..,1 ill thi,; ^I:r.:.:mt'nt sh,lIl be
deem;!,1 to he ;, ~ilt'or ,kdir.,'ti"n IIf ;.ny pllrl ill" ..I li... I.,'ntl'" to U,"' 1;':'111'1",,1
puhlic or fllr a,,}' public use or I'lIq)""'~ what",). \":1, it I...inl: tht' inlcuti.,ll of lhl'
partie~ h'!rclo .Ind lht~ir S.UI~c:css"r.s alII) ;'~sig'::~ ;1:1,1 th,t 1Ullhiul. in this
A~rccrn\'~nl. ~xpn~5.c;,cu or impl ictl. ~h.,1 ~ l~()ld':l' I:l'l'!1 ,In:, ~H r:~nll~ ulh...!r lhfill lhc
parlit!s hl.'l".~tn nul! lh.:i.. SIlI"I:f'~;St'r~; .ILl! i's:-;i~:II"" .1I1}' ri,.:ldS or n.~Ull"4Jic::; ulltlcr or
by reason of thi" Agl"":lr..'nt.
~~ctlon ~.04. R""l''''I"lldllly. Nl1t....llh"t;II'dill.; an}'thiu.: tll the contrary
contained In this In"trument, ('neh party lo this t,gn'O:lI1r'nt sh;1I1 he IInble IInd
rel'ponslblc" for the obI i/:atio:,,,, coven,'!'ts, "~:r"l:rt,,'nts nil" n!"l'onsibllitles
cre:ated by llds Agrcelllcnt .,n,' for .,ny jurlr.ment rent!t'r<:r1 herelln nnly lo th.:! extent
of itll re"pcctiv(; Int':l"rst In L1,t; 13"d ;1 ,"l impruveln""''; UII tll<.' SChi1r!in's rare.:!l
and the 1Il1 Par""I, n" th.: c.,,,'c m"y be.
~RTlCJ.!:_ I,X - ~(J rIns
Any notice, rl'po,.t or demand required. I'cnllitted or desired lo be given under
this Agrel'ment ..hnll be in wrlllllK .",.1 IIhnll be scrvcd, for nil purpollell, by
rCKINtercd or cl'nIC led 111/1\ I, return rec-Id!'t rC'Inr."tl!\I, or delIvered by courier or
expcdl!.ed IMil "ervlcc, ;m" ah..!ll be deemed to h,lV'! h'~':11 sufficlenlly Klven 011 the
date of delivery or relns.,1 thcreol, to the p,"'tlC!s' at thp. below listed address or
such other' nrltl""'B 'I" tllt, respective "ilrtl",; milY from tlmc to lime desIgnate by .
like notlee:
If to Scharlin:
Howard R. SdHld in. Trustec
1399 Southwl,.;t First Av':n"..
ML,ntl, t'loridll 303)'1
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6..J78 P9 1964'
"'lth 1\ COr)' tn:
The Trndewlnd5 Croup
Congress Corporate PlatA
902 Clintmorc Ro~d, Suit~ 12~
Boca P~ton, Florida 33487
Attention: Mr. MichAel Murtan
With .1 ,:o\,y 1111
L~o Roae, Jr., E~q"lrft
Thcrrel Ral~dcn & Meyer Wel~~
1111 1.lncoln RO;J,I, Suitt~ <,00
:-1L,ml Belich, Flnrid:! J3119
IC to liP:
lIome Ilepot U.S.A., Inc.
7727 P3~e~ ~cr'y Ro~d
7th nonr
At lnntll, ,,"""1( ill 301.1'1
Attn: l.cl:i\1. 1)"I"lrl,"~nt
Wi th .\ copy ~ll:
~L'Irk J. Levick, f.s'l'dre
Allmon, Kritzer & L~virk, P.C.
6400 Power Ferry Road, N.W.
Su I te 224 - Po"'crs ferry LAnd i "f:
htlftnLil, Ctorgia 30339
ARTlCl.E X
~: I SCEI.\,,1,:-;~~(~l'S
l'l'r"t ion IO,IH.
(.'1) If illlY pro\'l.;jll" of llti~ "~re,.II'l::.t. or portillll ll..,,..,,,r, or the
Ilppl ic"tiol1 llll:rt:o[ t,) ,\flY IH:I'S"1l or circ'lln"t;II\t'I:S, sh.,ll, tn ;\flY eKtellt he held
Inv"lld, inoperative or ullcn[llrcc.lhle, tlw relllainder uf lhl!' /\\\reeml:nt, or the
:lppllc:!tioll of such p",vlsion ~r porlion tllt'l'l;ul to allY other persuns or
clrcumst:lllCe~, sh"ll :\01 U': affeele.1 lh'~rd',~'; it shill 1 nol he <lc(:lIIcd th:!t any Sllrh
ill\l;ll i<l .pro\"is inn .,ff.,rts tl,.~ COII< idl'ral i"" for this ^RI'f:ernt"II[; IInd ench provl~inll
nf lid" ^v.rll.",.."t ..h..!1 l)f~ v.lIld .lIlfl c"f"f"" olol..' tn II..' I"1I11,.,t .',<t'mt p"I"I"ltt,:<I
by 11Iw.
(h) This t\~Ct:t'Il1' "t shall hr: ",IlISU'III'oI ill .Io""'cr!.",,',' with tht: li\wS of lh.:
SUite of Horiela.
(e) Tilt: ^rli.,I.' 1o(,Hli,,!;s ill lhis ^!:",,,,,"..,,t .lre (,,,. cOII\"O:I.ienre only, Shill! in
nn WilY .Icf ;,,,, lIr I lOll: tit,: "r('I'" Ill' ('I1111""l ot tld" f'i'.,','r"Io,"l, ami Khall not \.II'
cons Idercd in .fIIY l'.,",ll'lll.'l inll or i"t"/"I'r..tat i"" ,:1" [hi., ^1:l"':"lIIent or .,ny purl
1,,' n:ll r .
(d) r-;"t1dll~ ill tld..; ^f:I't:':l1h,lIl sh.1I1 !". ,',,,,,t r ,..01 t" rr...k... tI,,: pllrtlcs hereto
pdl"tl1prS or jl.,int vt.:uturcrs or rf:ru.lt!" .dt'If-"- or ~..d.! P:lI t i.:s I iabliC foc th~ dchls
or oul Ir,....t iuns or the other I'"rty.
(e) This A!:recmL'nl shall run wlLh tlH.! 1.,,,J aOlI sh.,1l be hindlng upon and
illIJI'C to lhe "e,":flt of lh" ~II"CCSSOI"!; Ilnc\ lIs."il;n.. of lh" l'"r"-l<<:1I hereto.
(f) This ^~I'O!cmenl \11:1)' bo: omcn.\ed, m...d'Hi.:.l, or termlnuted Ilt any time by a
"c~~'::;-illion in writing, cxeclIlcd .",,\ ackn()wlc<lgcd by al] the \,rirties to the
Agre.:men.. or their sucr""snrs or ,'s~iJ:ns; this ^f;rel'ment shilll not bl! otherwise
an'l'ndcd. modifi"rl or terml'lII[t.,\ dllrinK lll" It:rrn l"'n',,f.
(g) The term "p",tle,:" Il~ use,l ill this ^I.l,:!':nenl I;hall mL'an thc fee sImple
title holders of the r;trcels. It I,; specifically understood and agreed lhat there
shall be nopersonnllLlb\.lllyof thc partl('~ in respect lo.myof thecovenanlf;,
conditions or provision" of tho: Agfe"lI1cnl. In the cvcnt of .. breach or default by
a parly of Any of ilN ohl lr.ntion" IIn,"'r this '^ltrl'"mctll, the otll"r porty ..hall Ionic
.'llcly to tI", "'1ulty of lhL' party III Its "a,.,.,..1 Illr Ihe ....tl..r:\Ctlon Q( Its
rcmedief;.
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63
.) F~ 1965
~~.! ,(!."-L1..J11.
If. after HO inItially opens for bu~lness o~ the HO Parcel. the HO Parcel
shllU become and cont i"tie for a period of olle (l) yellr or mort' t.> be unleased and
unoccupied, a5 extended by the period of any delay thnt iR due to force majeure or
other causes beyond the reasona~1 e cant rol of lID (the "Unoccupied Date"). then
Scharlln shall have the optIon to repurchase the HO Parcel for a repurcha.e price
equal to the appraised \'alue of the 110 Parcel, including the HO Store, a.
hereinafter determined plus nny Incld'!nt/11 cnst!' to nil In IIc.:qlllrlng the 110 Parcel
Inc1uciinR without limitation the cost pAid ty liD for thfl off-Site Improvement Work
u,,,I"r lh.. n..vrllll'",rnt ^~rr,'rn..nt IIn.1 1111 1:11"'" \',11.1 \ly liP l'IU'''"llflt. to till'
"~qul"ltl"n of the nn PArcel ("O"tlon"). S,;~h Optlun sllllll be elCercll1l1ble. If and
only if Schar! in del ivers written notice to IIIl wi thin forly-{ Ive (4S) days after
the Unoccupied D.He elCercislng Its Option. If SC~l;.r1in (.,ils to give such notice
wlthill the forty-I Ive (~S) d.,y period, then Scll.lr1 in sh,,11 be deemed to have
,.,aived the Option and such Option shall be r.ull an,l voill. In the evcnt'th.1t .
Schadin t>>cerci!'..,; the Option pun:u.,nt to this Section ILl, th~n Scharlin shall
designAte In it.' notic(" .1n ~1A1 al'pr:,i,;cr h,'\'lnp;-~t I~,;t five 0) yenr,; experlr.n<:e
in IlPl'rl\ildnlt ["("II ("01" rty In th,~ Plllm 'l.",\<h. Florida ar"ll. 11\\ IIholl then
appoint nn npprl\l,;,'r with such minimum credential!: within flftcen (IS) days after
receipt of Sch.ulin'!; rr'I"Jnh;l!:c n.>lict~. Tt.c two appr.,i!:l'r!: I':h.dl invnedi..tely
"ppolnt a third .,('pr"II':(,r with I':uell mil.imum cre'lenti"l,; nnd nil ';llch appraisers
sh..11 All pnlmpt ly attempt to ,'gr.!.! u"..n till, tllen fair m;\,.I,'!t v.,lu.. of the HO
raree1. In the event tl-e three ()) ""I>r.:tls(rs I\re un..ble to ...g,.ec upon... f.,ir
monket v"lue. then the .;ppralsers shall Indcpeout>ntly npl,,.ai.,e the liD r...rc~l nnd
the f...lr m.1rket v., I \1(' 1'1:.,11 be the avernge ef ';\lcll .,,,,,ra;,,.1Is provided th...t and
npprl\i,;er tlHlt I.. ten plrcent (Jot) grC'...ter or les!'l'r th"" the' mid.lle appr:1i 5.' I
"h.,11 he dis,...t;.,r,kr! f,'r purpo",,,' of aver:lginr,. F.,,'h F.llty ,;h.1l1 P"Y the feell :lIId
e><pC'o,;e" of it,; uwn ".l'l'l"iscr mId divld.. eqt..llly thO' f..~'" M.d ''':p'~nSf'S of the
third 3I'I,,,,,.cr.
Clllo;:n~ o;h;lll b.' "iLldn sixty (60) d...ys of (:xt:rdsl' of ~..h.lrlin's Option
provi.le.1 that S..'I.lrl in I",'y elect to vit;:\tc tlll' ""<'l'cis" of .its o\Jtiun witil\ sixty
(bO) d...ys .,ft"r the c!d,'rml".,tlon of the fair O\:"kt..t \..,1..... If liD le:l';c,; or
occupieR th~ HO Pare..1 friar to th~ end of the Curty-five (4~) dl\Y period or sixty
(bO) d.,y ""rio,l. thC'n 11(, Option 511.,11 be viti.1t...d. The p"reha"..., price sh..1\ lie
paid in c:lsh.ll dO'li",.:. HU sh.,] I convey title at c1osill,: tJ)' limited w...rr.'nty.
deed Ilubject to the S.ln'" re~trictions anti e"se",,'nts af' w,'re Ilc,=cptcd from Scharl in
:lOd Ilurh ollu'r r.\I'r.mpnt~ .1ncl rr.,;triction,; .,,, :Ill' :.'"til'il','tP<lnr pr.rmltted I'ur!lllnl\t
to thla Recl"nH'.\1 F."","","t DIHI O","";,tlo,, h:rt'l ",.."t .."',) tht! fJ,,':...,lop",cnt
Agreement, ll\:ILl."s vI r~(,\lnl or disct.'fllible ("rulll .. "i'.Il,1l in"p,','lion I\t clo~lng,
or as Scll.,rl ill s!..,1I 11;,,(: approved ill wr i t ili':. R..,d L"t;llr. t",<..s sh..l1 be
proratea to the .1.,te of closino;. AI J dOClUl1'"l;,ry st.a,''('" ",. t;\)(,." or tr.:tllsfer
tAxes and rc(~clrd costs P..t111 title il\sur.'nc'~ iri'n,illl"S sil.dl h~ p.,~,\ hy Sch;lrli.n.
(SIGNATURES ON SfXT PAGK)
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./.: 637.0 =:J 1966
IN WITIJf.SS WIIEREOF. lhc FRrlleR herelc have ,:aused thlll Agreemenl to be
executed aa of the dAY and yenr first above written.
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Witness
STATE OF FLORIDA
COUNTY Of DAD!::
:":" ",I":'t:'~ ~
y . r:I1:d-:' I ... ,__.___..
Lawrence A. Smith, Er.'lulre
Vi,:e President - Lt'gal
The fon.""inl: instnu1/l'lIl was ndmowlcdi:I''' lWI()re me lhis
~,-.:.:..:_. d',lY of. I .. ......: , 19'/0, by 1I(l\.;,\!\11 fl. SCIIARLlN, Trllsl~".
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:1y COl1ulIlssi."{l1\ Expire..l"
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STAT!:: Of GEORGIA
COUNTY OF CORII
The forcgt)ill~ in,;lrum':lll ...,,,s .1,:kl1L,wl.:d,;"" 0..:",. "',. this /z.i!id"y
cf F~I:>.-.-....., ,1990. hy 1."...,rc'\I-" A Smith. Vi,'" J'r,'~i<l"lll - Lf'g;t1 of nom:
(lFl'OT 1J.5.^J. 1:'>1:.. /I 11"1"":,,,, (""I'"t,'ll,,", ,11\ b,'h..! I III 1I1l.. L:llll,,'rtlllllll.
q.J.~ --r-> /l
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My Cournission Expires:
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" 637<5 ='.1 1966
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IN WITIlf.SS WHEREOf, the f'nrtlell hereto have c:au,;ed thb Agreement to be
executed aa of the dAY and year first above writlen.
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Witness
STATE OF FLORIDA
COUNTY or OAD!-:
:":": "'I'~t:'~ ~
Y . r:I1:d~' ... .____...
l,nwl'cnl'~ A. Smith, ~:r.'1111re
Vice President - Lcg~1
The for\'~()il1l; inslnulI"IIt was ;l<'kllow1e"~I.'cl l",(ore !lie lIds
~<.:"::~. d',1}' of. · '....h..... _.. ...... 19'10, by II(JI,j.\llfI R, SCIIARl.lN. Trust"".
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:-ly COJ1UlIlssi..on Exptrc~i"
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STATE OF CEORGIA
COUNTY or COBII
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The foregl)il1~ inslrum':lIl "'''5 ;ll:kllL'",It~.!h"c1 t>"~l'" "',' lh;~ ./2..~d;IY
Cor E.~.6~. ,19')0. hy l...wrclI('" A Smith, Vi,'" I.r..~iol.'nl - 1.r.~;1I of 110m:
IlFl'ln U.S.A/. I~l:.. 1\ Il"I"""I/" (""I"""lll\lI, '''I t"'h..I I III L1w ':"II'"rnl\lll1.
t:j7~ ~ /J
Notnry P~l i~ ./ ~
~Iy COllvnission EXl'i res:
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~~!.nr.! !!! ~!. !'!!!:s!!Uont Iml!!!
(!h~_O'.!H~!rss.h)
11lat Pare...! of /...11.1 allu..l" III Sc,.tl.... ~'J, Town.hll' I,,, South, lIant. 10] Eaat,
P.ll1 Ilenl'" COllllly, norl,l.I, ,..d..!: 11"11'" l'al"llclll"r1y de.cribed '.. follo'olll
.ColIWIIencl..g III the Iwl,1 ""ull..,.,,,. ....""I. IIf S~ellon 29, Tllwnahlp 105 South,
Range 4] t:....t. I'al.., 1I~4ch C......ly, ~'I," ,....; lI."nce alollg 11111 .outh line of .ald
Section 2'1 SHtI'02'J1"W, II ,11"'.1111" ..1 Hh'J.61 ("ell thencII depal'tln. aald
.ectlon ""tI ..u.1 peq'","II.,,"... '" II.., I"'"cedlllg COliI'll. tlOloS7'2]"W, .II dfatance
of 14S. 12 feel lu II..: 1'"lnt ..r ""I:i....lng. t'n"" II..: I'ollll III BI:IIIII"III" thence
577.30'21"\.1, II ,llsllllll:C ..I hl.'J! /0:0;1; lI...:IWIl ::;8.,.'.')']2"W, .s dllill111ct: uf ~1.1J
feet; lhl!llCII N""",,'lIH"II, iJ ,Ii:'!.....'" ,.1 '1/.1It! t"t:o:t; lhllllCt: NOloJ]'47"W, a
dlalanee lit ]')'1.1111 (o.:el tu III.: 1"'1:1""'"1: uf .. curvu having a redlu. of 18S1.74
feet frolll whld. II 1'/1111111 11,", t..".... Sl!H'26'1 )"W, lhellc" lIorlhw.aterly .10118
the arc of aul.1 elll'V!!, a..l>t......lI"1: a ceutlal angle uf 04'07'12", . dlatanee of
133.15 feel lo A 1I0n-l~lI&elll 11110:; thellc!! N89'5U'2)"E. . d..tanCe of 117.64
feet; thell~e SOO.09'3S"E, a c11e;tallce of 550.35 feet Lo the Point of Reslnolng.
The above descrlhed parcel cOlllulllli 2.1] Bcrea of land IIOre or lea..
RECORDER'S MEMO: Letribility
0{ Writioc. Typi.Da or Printin,
un.JI\~frodDry in thl.. dnc)lm~nt
",hpn ~ved.
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That Parc...! 01 I,un.. .Illlal" III S".'li.." :1'), Town.hlp I,., South, lIante 1t3 r.lt,
P.1111 lieuI'll r.Clunly, Florl.I,., I":!"ll ''',.1',' I'anlcularly tleacdbeLl'.. follow..
.....
1.1)
.Corrwnenclllll al lIle 6.11,1 li"..lI..:,,,.1 .B.I\o;l' tlf 5~clloll 29, TllWlIshlp itS South,
Range 4] t:..ll;l, I'al... B~ach CtI.."ly, FIB, 1,1,,; lh..nce alollg tht! aoulll Une of ..Id
Section 2') Stltl'02' 37"W, u ,11..1,,,,,,, ,,/ t1h'J.61 Ie:et I lhenctl .lepaE'lln. ..Id
.ectlon IIII~ ..".1 I'crl'"".II"..I.II I.. II,,: 1.I'cce.lIl111 COilE'''" HOI.~7'2]"W, . dlatanee
of 14:>.12 feel I.. Ihe 1'..(..1 ../ 1..,.;i.."I"Il' ~'l'lllll lhe: I'olnl IIf Ilcl'nu'nil thence
577'30'21"W, II .1Istlllll:" III hI,'" /0:0:1; lI,,,n.:,, :>H.,'I,.,'32"II, il dhlUII\:" uf 57.13
feet; thelle!! N',l..,/,'IlIl"W, OJ ,li:iI,II"'" .11 ~/,tltl feet; lhene" NOI"33'ft7"W, .
dhtance lit ]'}~,IiH ("el tll the l"'l;illlllllg tlf II ClIrVll havllIg a rad'ulI of 1851.74
teet fcolII ",hld'll rll.llul 1\"" ".:.11" M!H'2b'IJ"W, lht:llctllloE'lhwe.terly .101lg
the .re of sul.l CIIl'V", 511hlclI.111l!: a cClIllal angle of 04'07'12", a dlatance of
133.15 feel to a 1I00-t..ngo:nl lill", lhellco: N89'50'2Y'E, a dJ.tanco of 177.64
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SCHEDULE: rE-
PLANS AND SPECIFICATIONS
:~2. 6378?i 1973
(The' parties hereto hereby agree that t!'l~ pla.'s and spe"cifications
for Scharlin's Parcel shall be approved by inltialling by HD prior
to construction)
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78 ':'f 1974
ORB 9625 Ps 1005
DOROTHY H. WILKEN, CLERK PB COUNTY, FL
LL~gIlL!::C?r._Th.~.J!~s_te r.n. ~~~_r~t' U
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Thllt Parcel oC I."n<l !llllI.lte! In Stlcefon 29, Township I,') Soulh, Rllnle I,) f./I8l, Palm
Bel\ch Cou..tl. Flori.!a, beIng more l'arllcuI<lrly <k'!lcrlbc.\ as Col.lows:
Conmenclllg At thl! ,,,11<1 ,;C)uthe.'\~t corner oC SC'~lloll 2'1. Tow'Illlhip 4S South, Range 4)
East. Palm Bench COllllq', Florida, then.ce along th" SOllth 1 ille of said SectIon 29
58S'OZ')7"W, a di"lallr.. of 1175.28 fect; thence departing s31d Section Hne and
pcrpcndicul.1r to the pre,'cdlng course NOl"57'Z3"W, a distance of 124.09 feet to
th~ Point oC 8cr,inninr.. From the Point of 8CRinnin,li lIlf~ncc 5115'45')2""', a
distance of 2t5.84 fcet; NOO'2/.'il"~, a distance of 191.'12 fcet; thence
N20'~4'51"W. a dist..1I1<:f.: of 513.9Z fcet; thence ~81l'28'13"F., a distance of 45).50
feet to thl! heRlnnlnr. ('( a lIon-tnnR<,nt curvo h:winR " 1':'11\\\11" of 171.).74 feel, from
Which" 1'I..lInl 1111" ,,,.,,t... 5111"12'02"10'; thence ,;outht'lI..l,'r1y "IIlIIIC lhl! art' of .,,(<1
curve. suhtcnding a cC'ntral. 3ngle of 07"14'U", a disl,ln.'c of 220.23 fect; thence
SCI'J)'47"I::, a dist'lllr., of 40'..87 feet; thelll"~ S/.Z'O,',Z"I.:, a ,li~l"llc" of ,)S.2J
feet to the Poillt of e.gilllling.
nlfl ahnvc clcscri!>.:,l P;I"o,'l COI1.L.lill.; ,.'.9 .117""'; of \'lIIcI ",or.! nr Ics~.
RECORD VERIFIED .
PALM BEACH COUNTY. FLA
JOHN B. DUNKLE
CLEnK CIRCUIT COURT
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