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10/10/1983 Lease LEA S E THIS LEASE made this ~ day of ~ , 1983 by and between MONROE COUNTY, FLORIDA, Hereinafter called "the Lessor", and OUTDOOR RESORTS AT LONG KEY, INC., Condominium hereinafter called "the Lessee". WIT N E SSE T H : That in consideration of the covenants, herein, contained on the part of said Lessee to be kept and performed, the said Lessor does hereby lease to the said Lessee the following described property: Situated on Long Key in the County of Monroe an State of Florida and known as being a parcel of land within Section 7, Township 65 South, Range 35 East, bounded and described as follows: Commencing on the northerly right-of-way line of U.S. Highway No.1 at its intersection with the East line of Section 7, Township 65 South, Range 35 East bear South 690-05'-00" West along the said northerly right-of-way line of U.S. Highway No.1 457.12 feet to the Southeasterly corner of Long Key Project Section II as shown by Plat recorded in Plat Book 6, Page 44 of Monroe County Public Records; thence bear North along the East line of said Long Key Project, Section II 55.89 feet to the POINT OF BEGINNING of the parcel of land herein intended to be described; thence continue North along the said East line of Long Key Project, Section II, 258.06 feet; thence bear East 197.76 feet; thence bear South 182.48 feet; thence bear South 690-5'00" West 211.71 feet back to the Point of Beginning and containing 1.00 acres of land. This parcel is further described as Parcel "A" on the survey attached hereto as Exhibit "A". TO HAVE AND TO HOLD the same for a term of thirty (30) years from the 10th day of November, 1983, the said Lessee paying therefore total rent of $22,500.00, subject to the conditions contained herein for an increase in rent. The said Lessee covenants with the said Lessor to pay the said rent in annual payments of $750.00 each on the 10th day of November of each year during the term of this lease, the first of said annual payments being payable upon execution of this lease. That the annual rental amount shall be tied to an increase in the Consumer Price Index in that the rent shall increase an equal amount to the percentage increase in said Consumer Price Index. Should the Consumer Price Index decrease, the annual rent shall also decrease on an equal percentage basis. The Lessor shall notify the Lessee in writing thirty (30) days prior to the annual due date of any increase or decrease in rent based on the Consumer Price Index. The Lessee hereby releases the Lessor of any and all claims and/or litigation which may arise out of this Lease Agreement, save for the enforcement of this Lease Agreement. The Lessee shall be allowed to make necessary improvements upon the leased premises so long as the necessary permits are obtained from the proper government agencies or authorities, and this lease is contingent upon the Lessee receiving said necessary permits and approval. The leased premises is to be used for the storage of recreational vehicles and related equipment, including, but not limited to boat trailers, unoccupied RV units and/or other type trailers. The Lessee shall see that the leased premises shall only be accessible to said Lessee via its property known as OUTDOOR RESORTS AT LONG KEY, INC., a condominium, and that said leased premises shall not be accessible via U.S. Highway No.1. The Lessee shall make no unlawful, improper or offensive use of the premises; shall not assign this lease or sublet any part of said premises without the written consent of the Lessor; shall not use use said premises for any purposes other than that stated herein; and shall quit and deliver up said premises at the end of said term in as good a condition as it now is, save for improvements placed thereon which shall be allowed to remain. Lessee shall provide a buffer from the highway and all roadways of planted vegetation that will be six feet high and four feet wide. Said Lessee hereby covenants and agrees that if default shall be made in the payment of rent as aforesaid or if said Lessee shall violate any of the covenants of this lease, then said Lessee shall become a tenant at sufferance, hereby waiving all right of notice, and the Lessor shall be entitled immediately to re-enter and retake possession of the demised premises. IN WITNESS WHEREOF, the parties hereto have hereunto affixed their hands and seals on the day and year first above written. BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By . (SEAL) Attest: ~fYV~ Signed, sealed and delivered in the presence of: OUTDOOR RESORTS AT LONG KEY, INC., A Condominium At tes t ~ ;,fJ.-A--<.'V.A..- ecre ar By Q~ S President ~ As to "Lessee" STATE OF FLORIDA ) ss COUNTY OF MONROE ) BEFORE ME, the undersigned authority, personally appeared WILHELMINA G. HARVEY and DANNY L. KOLHAGE to me known to be the Chairman and Clerk of MONROE COUNTY, FLORIDA, who after being duly sworn and cautioned, deposes and says that he executed the within and foregoing Lease for the uses and purposes therein expressed. WITNESS my hand and official seal on this ~S~U /1 jOtIf.1/tJg~ day of , 1983. / ,.:i,,); "-'~/i~~' c (~~/~' ,Notary Publi.c, St e of Florida My Commission Expires: ", ,I,,"',' "~"'.: I; "'w_"'- ~'AY lo~<~:,,-;;.,:,.t.~;';; ~,::-~".:::'.:, . ;.....~, i...-:, dJ5 ,Bonoed Jil1U TIOY fdin ' insLiI"',lo;.<:, lne. STATE OF FLORIDA ) ss COUNTY OF MONROE ) BEFORE ME, the undersigned authority, personally appeared ANN SAWYER and ERWIN J. BROWN to me known to be the President and Secretary, respectively, of OUTDOOR RESORTS AT LONG KEY, INC., A Condominium, who, after being duly sworn and cautioned, deposes and says that she executed the within and foregoing Lease for the uses and purposes therein expressed. WITNESS my hand and official seal on this ~day of ~~ , 1983. ---~ C-,_~~Q~~ Notary ublic, State f Florida My Commission Expires: APPROVED AS TO FORM ~~ LEGAL SUFFICIENJY. i1 '+' ,4 .~. ,j/ /) BY)~~~/; Attome'la Office ) l.-