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804 AGREEMENT THIS AGREEMENT, Made this May 7, 1963, by and between JOHN M. BOYETT and wife, DOROTHY E. BOYETT, First Parties, and CITY OF CLERMONT, a Municipal Corporation, Second Party, all of Lake County, Florida, WITNESSETH: WHEREAS, First Parties are the owners of the following described real property in Clermont, Lake County, Florida: Lots 258 to 269, inclusive, as represented on the OFFICIA L MAP of the City of Clermont, filed 2/4/26 and recorded in Plat Book 8, pages 17 to 23, inclusive, Public Records .of Lake County, Florida, LESS and EXCEPT, Fractional Lots 258 and 268 lying within the right-of-way of State Road 50, and Fractional Lot 269 lying within and North of the right-of-way of State Road 50 and the Second Party has requested of the First Parties that they grant an easement for right-of-way for an alleyway extending East and West between Bloxam Avenue and Hampton Street across the North 20 feet of Lots 261 to 265, inclusive; or across the South 20 feet of Lots 261 and 266, and, WHEREAS, First Parties plan to develop the lands South of State Road 50 (they also own the lands North of State Road 50 and South of Almond Street which will be developed) but have not decided as to the type of development that will be made on the lots South of State Road 50, but want to assure the Second Party that such an alleyway will be available when they begin the development of the property' or will be preserved to the Second Party in the event they sell or dispose of said above described lots; THEREFORE, In consideration of ONE ($1. 00) DOLLAR and other valuable consider- ations paid by the Second Party to the First Parties, the receipt of which is hereby acknowledged by the First Parties, these parties do hereby MUTUALLY AGREE: 1. That at the time the First Parties begin the development of the above described pr'operty they will grant and convey to the Second Party an easement or right-of-way for an alleyway which shall be located across the North 20 feet of Lots 262 to 265 inclusive, or across the South 20 feet of Lots 261 and 266, as above more fully described. 2. That said grant or easement will give the Second Party the right to grade, pave, improve, or otherwise maintain and repair the said alley- way in perpetuity, and said Second Party may construct, install and main- tain and repair underground pipelines, and over-head transmission lines for all utilities, services provided by said Second Party, or by any other person, firm or corporation under a franchise from the Second Party. 3. That in the event First Parties should sell or convey any part or parcel of Lots 261 to 266 inclusive, such conveyance shall be made . subject to the terms and conditions as this Agreement. 4. In the event said grant or easement or right-of-way is conveyed to the Second Party and the Second Party fails to build, or construct said alleyway, or if after so built or constructed, the Second Party closes or abandons same, the Second Party agrees that it will enter into an agreement with the First Parties to annul, cancel, and revoke this Agreement. Further, that during the existance of this Agreement and during the existance of the grant, easement or right-of-way hereinable provided for, the Second Party will pay all real property taxes on the lands embraced within said grant, easement or right-of-way. 5. This Agreement shall be binding upon and shall inure to the benefit of the heirs, executors, administrators, assigns and successors of the respective parties hereto. IN WITNESS WHEREOF, the CITY OF CLERMONT has caused its common seal to be hereunto affixed, and the said First Parties have here- unto set their hands and seals, all as of the day and year first above written. WITNESSES: As to First Parties (SEAL) (SEA L) CITY OF CLERMONT By STATE OF FLORIDA, I HEREBY CERTIFY, That on this day personally appeared before me, an officer duly authorized to administer oaths and take acknowledgments, JOHN M. BOYETT and wife, DOROTHY E. BOYETT, First Parties, to me well known to be the persons described in and who executed the foregoing instrument and acknowledged before me that they executed the same freely and voluntarily for the purposes therein expressed. . -2- WITNESS my hand and official seal in the County and State last aforesaid this 7th day of May, 1963. State of Florida t large COUNTY OF LAKE. I, an officer authorized to take acknowledgments according to the laws of the State of Florida, duly qualified and acting, HEREBY CERTIFY that Joseph Bon Jorn and A. M. Johnson, respectively as Mayor and City Clerk of CITY OF CLERMONT, a Municipal Corporation, to me person- ally known, this day acknowledged before me that they executed the fore- going instrument as such May and City Clerk of said Municipal Corporation, and that they affixed thereto the official seal of said Municipal Corporation; and I FURTHER CERTIFY that I know the said persons making said ac- knowledgment to be the individuals described in and who executed the said instrument IN WITNESS WHEREOF, I hereunto set my hand and official seal in the County and State last aforesaid this 22nd day of May, 1963