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455-vestcor fund XI, ltd.AGREEMENT BETWEEN CITY OF SANFORD AND VESTCOR FUND XI, LTD. PERMANENT DRAINAGE EASEMENT THIS AGREEMENT is made and entered into this '~Sv'd--day of August, 2000, by and betweerb, VESTCO R FUND XI, LTD., whose address is 3020 Hartley Road, Suite 300, Jacksonville~ ,,~ Florida 32257 (hereinafter referred to as "Grantor") and the CITY OF SANFORD, a Florid~ municipal corporation, whose mailing address is Post Office Box 1788, Sanford, Florida 32772~ 1788 (hereinafter referred to as "Grantee"). ~ -- WITNESSETH: WHEREAS, Grantor is the owner in fee simple of certain real property located in Seminole County, Florida, more particularly described on Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as the "Easement Area"); and WHEREAS, Grantee intends to maintain Rolling Hills Boulevard' (the "Benefited Property") (hereinafier also referred to as "Project") for both existing and future construction; and WHEREAS, certain easement rights over, under, through and across the Easement Area are needed for the Project; and WI-IEREAS, Grantor, as fee simple owner of the Easement Area, has agreed to create and grant an easement for drainage and retention purposes in, to, over, upon and across the Easement Area, upon certain terms and conditions more particularly set forth below. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein, and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. DRAINAGE EASEMENT; Grantor hereby declares, creates, grants, conveys and imposes, for the use and benefit of Grantee, the Benefited Property and every person who shall now or hereafter be a fee simple owner of the Benefited Property or any portion thereof, a perpetual, "': nonexclusive permanent easement for drainage purposes in, to, over, under, upon, across and through the Easement Area, for the purposes of providing for the conveyance of stormwater drainage and runoff from the Benefited Property into the Easement Area and providing for ~ the retention and storage of such stormwater drainage and runoff in the Easement Area for approximately 2.858 acres of the Benefited Property and to accommodate maintenance of c} facilities related thereto, with full right to use and enjoy the benefits of all pipes, culverts and other drainage facilities and equipment serving the Benefited Property (hereinafter referred to as the "Drainage Facilities") now or hereafter located or constructed within the Easement Area, and to enter upon the Easement Area for the purpose of installing, constructing, operating, inspecting, maintaining, repairing and replacing the Drainage Facilities, all on the terms and subject to the conditions hereinafter set forth. The Grantor, its successors and assigns agree not to build, construct, or permit others to build, construct, or create any fills iNSI RUMEN'I t"i<EPAR[D b'l ~ doc4m~t~,-~,, Tax Pd. $ f'/.~/... $ Intangible Tax Pd. k4~tyafm~, Morr.,e, Clerk Seminole Cr,~.~cek,,. lily: C~' rrl-,.q or"' buildings or other structure that may interfere with the location, excavation, operation or maintenance of the drainage or any structure thereon. 2. MAINTENANCE OF DRAINAGE FACILITIES. Grantor, at its sole cost and expense, shall be responsible for and hereby agrees to perform all maintenance and repair activities necessary or required in order to keep and maintain all drainage facilities within the Easement Area in good order and repair. In addition, Grantee shall have the right to maintain the drainage facilities should Grantor fail to properly do so. m 3. DURATION. The easement hereby granted, created and declared shall be perpetual in~n duration and may not be changed, amended, modified, cancelled or terminated other than asrd~ expressly provided herein, except by an instnunent in writing, executed by the then ownerS. of the Bene~ted Property and the Easement Area. r-- INCIDENTAL RIGHTS. The easement hereby created and granted includes the creation of all incidental rights reasonably necessary for the use and enjoyment of the Easement Area for its intended purposes, including, specifically, the right of entry for purposes of maintenance, operation, repair and construction within the Easement Area of any Drainage Facilities now or hereafter located therein, subject to the limitations set forth herein. The Grantor shall have the right to discharge stormwater drainage and runoff to the Easement Area from the Grantor' s contiguous property. , DEFAULT AND REMEDIES. In the event either party fails to perform any of the covenants or meet any obligations imposed pursuant to this easement, the non~defaulting party shall be entitled to all rights and remedies permitted by law, including without limitation, the fight to proceed in equity with an action for injunction or specific performance to enforce its rights under this Agreement. Evidence of such relocation may, if necessary, be evidenced by a recorded amendment to this easement describing the new easement location. NOTICES. All notices required or permitted hereunder shall be in writing and shall be deemed to be given when delivered personally or by receipted ovemight delivery service or three (3) days after mailing by registered or certified U.S. Mail, Return Receipt Requested, postage prepaid, addressed to the party for whom it is intended as follows: Grantee: Bob Walter, City Engineer, City of Sanford Post Office Box 1788 Sanford, Florida 32772-1788 With a copy to: Steams Weaver Miller Weissler Alhadeff & Sitterson, P.A. 150 West Flaglet Street, Suite 2200 Miami, Florida 33130 Attention: Brian J. McDonough, Esq. Grantor: Vestcor Fund XI, Ltd. 3020 Hartley Road, Suite 300 Jacksonville, Florida 32257 ENTIRE AGREEMENT. This easement constitutes the entire agreement and understanding between the parties relating to the subject matter hereof. This easement may not be amended, waived or discharged, except by instrument in writing executed by the party against which enforcement of such amendment, waiver or discharge is sought. 8. SEVERABILITY. The validity of any one of the covenants, agreements, conditions or provisions of this easement, or any portion hereof shall not affect the remaining portions hereof or any part hereof, and this easement shall be construed as if such covenant,r~ C:~ agreement, condition or provision had not been included herein. :x 9. FURTHER ASSURANCES. Grantor contracts with the Grantee that: the Grantor lawfully~ owns the Easement Area in fee simple; the Grantor has good, right and lawful authority t~ " sell and convey this Permanent Drainage Easement; the Grantor fully warrants the title to the" Easement Area and will defend the Easement Area against the lawful claims of all person; and the Easement Area is free and clear of all liens and encumbrances. 10. MISCELLANEOUS. With or without specific reference thereto, the conveyance of an interest in any portion of the Easement Area or the Benefited Property shall be subject to the respective burdens and benefits of the easement hereby created and granted to the same extent as if all of the terms of this instrument were set forth in such conveyance in full. The easement, covenants, agreements and conditions contained or expressed herein shall not be personal (except as otherwise expressly provided herein) but shall run with the land and shall be binding upon and inure to the benefit of the owners of all or any portion of the Benefited Property and the Easement Area, their mortgages, any purchaser at a foreclosure sale, each of the successors and assigns of all such parties, as well as the agents, employees, contractors, licensees, guests and invitees of each of them. IN WITNESS WHEREOF, Grantor and Grantee have caused these presents to be executed in manner and form sufficient to bind them as the day and year first above written. Witness: Printed Name VESTCOR FUND XI, LTD., a Florida Limited Parmership By: VESTCOR PARTNERS XI, INC., a Florida Corporation, as sole general partner By: ~ Kristen K. Packard o Vice President rn STATE OF FLORIDA ) SS: COUNTY OF DUVAL ) The foregoing instrument was acknowledged before me this ~!.~rtJ-- day of August, 2000, by Kristen K. Packard, as Vice President of VESTCOR PARTNERS XI, INC., a Florida corporation, the sole general partner of VESTCOR FUND XI, LTD., a Florida limited partnership, on behalf of the corporation and as an act of the partnership. Personally Known /OR Produced Identification 4 ROLLING HILLS DRAINAGE EASEMENT A PORTION OF GOVERNMENT LOTS 1, 2, AND 3, SECTION 12, TOWNSHIP 20 SOUTH, RANGE 30 EAST, SEMINOLE COUNTY FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF THE SOUTHWEST ¼ OF SAID SECTION 12, PROCEED SOUTH 01 deg. 36'04" WEST, ALONG THE WESTERLY LINE OF SAID SECTION 12, A DISTANCE OF 820.47 FEET; TI-!ENCE SOUTH 36 deg. 17'52" EAST, DEPARTING SAD WESTERLY LINE OF SECTION 12, A DISTANCE OF 201.25 FEET; THENCE NORTH 47 deg. 54'35" EAST, A DISTANCE OF 57.62 FEET; THENCE NORTH 64 deg. 48'38" EAST, A DISTANCE OF 110.90 FEET; THENCE NORTH 64 deg. 40'54" EAST, A DISTANCE OF 75.11 FEET; THENCE NORTH 74 deg. 00'54" EAST, A DISTANCE OF 114.94 FEET; THENCE NORTH 63 deg. 31'27" EAST, A DISTANCE OF 59.74 FEET; THENCE SOUTH 75 deg. 52'49" EAST, A DISTANCE OF 59.74 FEET; THENCE NORTH 74'25'20" EAST, A DISTANCE OF 55.31 FEET; THENCE SOUTH 68 deg, 16'58" EAST, A DISTANCE OF 64.44 FEET; THENCE SOUTH 79 deg. 51'53" EAST, A DISTANCE OF 87.51 FEET; THENCE SOUTH 62 deg. 49' 51" EAST, A DISTANCE OF 76.65 FEET; THENCE SOUTH 61 deg. 06'38" EAST, A DISTANCE OF 72.46 FEET; THENCE SOUTH 72 deg. 55'07" EAST, A DISTANCE OF 49.11 FEET; THENCE SOUTH 59 deg. 20'31" EAST, A DISTANCE OF 49.20 FEET; THENCE NORTH 86 deg. 35'40" EAST, A DISTANCE OF 65.20 FEET THENCE SOUTH 35 deg. 14'43" EAST, A DISTANCE OF 93.83 FEET; THENCE SOUTH 16 deg. 39'22" EAST, A DISTANCE OF 59.89 FEET; THENCE SOUTH 13 deg. 58'11" EAST, A DISTANCE OF 73.56 FEET; THENCE SOUTH 13 deg. 53'26" EAST. A DISTANCE OF 99.17 FEET THENCE SOUTH 19 de~. 30'24" EAST, A DISTANCE OF 43.0 FEET, TO THE POINT OF BEGINNING OF SUBJECT ROLLING HILLS DRAINAGE EASEMEI(T THENCE NORTH 69 deg. 50'30" EAST, A DISTANCE OF 37.62 FEET; THENCE NORTH 85 deg. 36' 17"EAST, A DISTANCE OF 47.14 FEET; THENCE NORTH 42 deg. 43'54" EAST, A DISTANCE OF 51.15 FEET; THENCE NORTH 09 deg 37'38" WEST, A DISTANCE OF 86.47 FEET; THENCE NORTH 00 deg. 58' 18" WEST, A DISTANCE OF 42.63 FEET; THENCE NORTH 85 deg. 55' 03" EAST, A DISTANCE OF 20.30 FEET; THENCE NORTH 04 deg. 16'16"WEST, A DISTANCE OF 97.08 FEET; THENCE NORTH 62 deg. 36'26", A DISTANCE OF 26.44, TO A POINT ON A CURVE, CONCAVE EASTERLY AND HAVING A RADIUS OF 945.54 FEET, SAID POINT BEING THE WESTERLY RIGHT OF WAY LINE OF ROLLING HILLS BOULEVARD, AN ARC DISTANCE OF 81.28 FEET; THENCE ALONG THE ARC OF SAID CURVE AND WESTERLY RIGHT OF WAY ( A 60 FOOT RIGHT OF WAY AS NOW ESTABLISHED) SAID ARC BEING SUBTENDED BY A CHORD BEARING AND DISTANCE OF SOUTH 29 deg. 39'45"EAST, 81.25 FEET; THENCE ALONG SAID RIGHT OF WAY SOUTH 32 deg. 17'45" WEST, A DISTANCE OF 123.65 FEET; THENCE DEPARTING SAID RIGHT OF WAY SOUTH 57 deg. 42'16" WEST, A DISTANCE OF 36.00 FEET; THENCE SOUTH 32 deg. 17'47"EAST, A DISTANCE OF 36.35 FEET; THENCE SOUTH 57 deg. 42'lE"EAST, A DISTANCE OF 252.14 FEET, THENCE NORTH 03 deg. 29'49"WEST, A DISTANCE OF 6.42 FEET; THENCE NORTH 19 deg. 30'24"WEST, A DISTANCE OF 64.31 FEET , TO THE POINT OF BEGINNING. JOINDER BY MORTGAGEE The undersigned The Bank of New York Trust Company of Florida, N.A., as Trustee, a National banking association, Mortgagee, under that certain Mortgage and Security Agreement dated as of September 1, 1999, by Vestcor Fund XI, Ltd., a Florida limited partnership, to the Florida Housing Finance Corporation, recorded September 30, 1999, in Official Records Book 3731, Page 1169, of the Public Records of Seminole County, Florida, (the "Mortgage") as assigned to The Bank of New York Trust Compan~ of Florida N.A. by Assignment of Mortgage and Security Agreement, UCC Financing Statements, Promissory Note and Collateral Assignment of Leases, Rents and Contract Rights dated as of September 1, 1999, and recorded on October 29, 1999, in Official Records Book 3748, Page 27, of the Public Records of Seminole County, Florida, coveting all or a portion of the property described in the foregoing Easement (the "Easement"), does hereby consent to the terms of the Easement and acknowledge that the Mortgage is subordinate and inferior to the Easement and shall be binding upon the undersigned and its successors in title. IN WITNESS WHEREOF, these presents have been executed this Z~¥L day of August, 2000. Witnesses: Prillt NalIle Print Name THE BANK OF NEW YORK TRUST COMPANY OF FLORIDA, N.Ao, AS TRUSTEE Paula Williams-Pormondo Vice President STATE OF FLORIDA ) ) COUNTyOF"'i~xt0-C~ ) SS~ I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to take acknowledgements, personally appeared Paula Williams- Portuondo, well known to me to be the Vice President of The Bank of New York Trust Company of Florida, N.A., as Trustee, on behalf of the Bank as Trustee. She is personally known to me or has produced dri '~e~ as .... e an oath. idenf~n and d~~ Notary Pub and for the State of Florida O~ rn POINT OF COMMENCEMENT DRNNAGE EASEUENT NORTHWEST CORNER OF THE SOUTHWEST 1/4 OF' .,S~C~ION 12 ..~. MAP SHOWING SKETCH OF: A DRAINAGE EASEMENT BEING A PORTION OF' GOVERNMENT LOTS 1, 2, AND 3, SECTION 12, TOWNSHIP 20 SOUTH, RANGE 30 EAST, SEMINOLE COUNTY, FLORIDA. LBIBILITY UNSATISFACTORY FOR MICROFILMING T,, LOGAN HEIGHTS APAR TMEN TS AMERICANA 8L / 15' CITY SER~CES EASEMENTI PROPOSED DRAINAGE EASEMENT ..... ~ CONSTRUCTION SERVICBS, INC. 3020 HARTLBY ROAD, SUITB 300 3ACKSONVILLE, FL 32257 PROPOSED LIFT STATION EASEMENT [EI~IBILITY UNSATISFACTORy FOR MICROFILMING · .~ ~85'55'03'E o ' Z o 6.42' A/03°29, H/ CONSTrUCTiON 8~-R. VICES, 3020 ~LR. TLE¥ ~OAD, SUtl'~ 300 JACKSONVILLE, FL 32257