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2008-19ENDORSEMENT Attorneys' Title Insurance Fund, Inc. ORLANDO, FLORIDA Endorsement No. 1 to Commitment No.: C-2914469 Name of Original Insured: CITY OF CLERMONT Original Effective Date: 02 / 14 / 0 6 11:00.00 p . m . Original Amount of Insurance: $ 2 , 250, 000.00 Agent's File Reference: POOL-CLERMONT-N The policy is hereby amended as follows: 1. To change the effective date to April 6, 2008 at 11:00 pm. 2. To add Schedule BI, #4. Payment of the 2007 real estate taxes. (Continue text of endorsement on separate continuation sheet if necessary.) but in all other respects remains unchanged. ROBERTS & LAW, P.A. ATTORNEYS AT LAW Date Agent No. 04/14/08 2242 Name of Agent ~. ~ Attorney - A ent's Si ature Form F, (Rev. 6/89) 21:DS1003 Attorneys' Title Insurance Fund, Inc. By Charles J. Kovaleski President Serial No. (09/00 DisplaySoft Ol-W[N-1-PI: Ill) A• Settlement Statement U.S. Department of Housing and Urban Development , r OMB No. 2502-0265 B. T e of Loan 1.^ FHA 2.^ FmHA 3. ®Conv. Unins. 4.^ VA 5. ^ Conv. Ins. 6. File Number INLAND-CLRMT-N 7. Loan Number 8. Mortgage Insurance Case Number C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D. NAME OF BORROWER:.. CITY OF CLERMONT ADDRESS OF BORROWER: p, 0. Box 12019, Clermont, FL 34712 E. NAME OF SELLER: INLAND GROVES CORPORATION ADDRESS OF SELLER: Post Office Box 120186, Clermont, FL 34712 F. NAME OF LENDER: ADDRESS OF LENDER:.. G. PROPERTY LOCATION: Clermont, FL 34711 H, SETTLEMENT AGENT: ROBERTS & LAW, P.A., ATTORNEYS AT LAW 250 SOUTH MAIN AVENUE, P.O. BOX 57, GROVELAND, FL 34736-4057 PLACE OF 5ETTLEMENT: 250 SOUTH MAIN AVENUE, P.O. BOX 57, GROVELAND, FL 34736-0057. I. SETTLEMENT DATE: J• SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION lOO.GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER lO1.Contract sales rice 6 000 000.00 401.Contract sales rice 6 000 000.00 102.Personal ro ert 402.Personal ro ert 103.Settlement char es to borrower line 1400 25.00 403. 104. 404. 105. 405. Adjustments for items aid b seller in advance Adjustments for items aid b seller in advance 106.Cit town taxes to 406.Cit town taxes to 107.Count taxes to 407. Count taxes to 108.Assessments to 408. Assessments to 109. to 409. to 110. to 410. to 111. to 411. to 112. to 412. to 120.GROSS AMOUNT DUE FROM BORROWER ' 6,000,025.00 420. GROSS AMOUNT DUE TO SELLER ' 6,000,000.00 200.AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER 201.De osit or earnest mone 10 420.05 SO1.Excess de osit see instructions 202.Princi al amount of new loans 502. Settlement char es to seller line 1400 59 343.50 203.Existin loans taken sub'ect to 503.Existin loans taken sub'ect to 204. 504. Pa off of first mort a e loan 205. SOS.Pa off of second mort a e loan 206.Princi al amount of seller financin 5 900 000.00 506. Princi al amount of seller financin 5 900 000.00 207. 507. 208. 508. 209. 509. 209a 509a 209b 509b Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210.Cit town taxes to 510. Cit town taxes to 211.Count taxes 1 1 2008 to 4 23 2008 178.68 S11.Count taxes 1 1 2008 to 4 2 2008 178.68 212. Assessments to 512. Assessments to 213. to 513. to 214. to 514. to 215. to 515. to 216. to 516. to 217. to 517. to 218.. to 518. to 219. to 519. to 220.TOTAL AMOUNTS PAID BY OR IN BEHALF OF BORROWER ' 5 910 598.73 > > 520. TOTAL REDUCTIONS IN AMOUNT DUE SELLER ' 5 959 522.18 > > 300.CASH AT SETTLEMENT FROM/TO BORROWER 600. CASH AT SETTLEMENT TO/FROM SELLER 301.Gross amount due from borrower line 120 6 000 025.00 601. Gross amount due to seller line 420 6 000 000.00 302.Less amounts aid b for borrower line 220 5 910 598.73 602. Less reductions in amount due seller line 520 5 959 522.18 303.CASH ®From ^ To BORROWER ~ 89,426.27 603.CASH ®To ^ From SELLER ' 40,477.82 PA(;E 1 HUD-1 (3-86) RESPA, HB 4305.2 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT PAGE 2 700. TOTAL SALES BROKER'S COM. based on rice 6 00 000.00 % = Paid From Paid From Division of Commission line 700 as follows: Borrower's Seller's 701. to Funds At Funds At ,,,.,. .,. Settlement Settlement VVV. 11G111J 1 4 801. Loan Ori ination Fee % to 802. Loan Discount % to 80 . A r i al F to 804. Credit Re ort to 8 5. Le der's I c ion t 806. Mort a e Insurance A lication Fee to 807. to 808. to 8 9. to 810. to 811. to 812. to 813. to 814. to R 1 5 t0 __ JVV. 1{.01110 1~{: --- 901. lntere t from 4 3 2 8 to 1 da 902. Mort a e Insurance Premium for months to 903. Hazard Insurance Premium for ears to 904. ears to onS years to 1008 11 11 204 ! n....f T„ 1308. to 1309. to 1400. Total Settlement Charges (enter on lines 103, Section J and 502, SectionK) ~ 25.00 59,343.50 CERTIFICATION DATE: 4/23/208 t have carefully reviewed the HUD - 1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all teceip s and disbursements made on my account or by me in this transaction. [further certify that 1 have received a copy of [he HUD - 1 Settlement Statement. CITY OF CLERM INLAND GROVES CORPORATION ~~._ By• °~'`'"`"- " Borrower B : (J "~' Seller HAROLD TURVILLE, JR., Mayor ROBERT J. POOL, ident Borrower Seller TRACY ACKROYD, City Clerk The tIUD-1 Settlement St t which I hive prepared is a<true and accurate account of this transaction. l have caused the funds to be disbursed in accord- ance with this statement. ROBERTS & LAW, P.A. ATTORNEYS AT LAW ~ ~ ~ ~ ~~Settlement Agent 4/23/2008 Date WARNING: It is a crime to kn wingly make Ise state ents to the United States on this or any other similar form. Penalties upon conviction can include a s;„o .....t : ~.~ o„t F'..r flAta' c c P• T,tla 1A ri C ('ndr Rertinn 1nn1 and Cectinn tnln. iNT Anln_r`T QA~ST_T THIS INSTRUMENT PREPARED BY: JULIA R. LAW Attorney at Law Roberts & Law, P.A. Post Office Box 57 Groveland, Florida 34736 STATE OF ~~~, ~~i„~t~";>, COUNTYOF ~, ~ ~' ": ~`;~._ ~.5. AFFIDAVIT BEFORE ME, the undersigned authority, personally appeared DANIEL J. POOL who, after being first duly sworn, deposes and says: 1. That affiant is the Trustee of that certain unrecorded Trust Agreement dated January 1, 1993. 2. That affiant is over the age of 18 years and has personal knowledge of the matters contained herein. 3. That the real property described in Exhibit "A" attached hereto and made a part hereof is held under the terms of the trust. 4. That the deed conveying the above described property to the trust as recorded in Official Records Book 1205, Page 2084, Public Records of Lake County, Florida, contains the powers of the trustee. The trustee has the power to sell the property described herein. 5. That the trust was in existence at the time the trust took title to the property described herein; the trust is still in full force and effect; and the powers of the trustee have not been revoked. 6. That affiant has made an examination of the trust and found no contradictory powers. FURTHER AFFIANT SAYETH NAUGHT. __~ DANIEL J. POOL This affid ~ -s~wern to ~ntl~subsedbed.pefore me this,-~ ~r "tlday of ~~ '~ir~ ~._ , 2008, b affian who is ersonall known to me_ar who has roduced his y p _,__ y _____.._ . -_- p as identification. •, ~t ~ .~ ,~ ~ G _ Notary Public `•, My commi$sion expires: ,. , ~ ~:~mmi~. pion DID 621895 •xpire; January 15, 2011 ~.~ ~m;aA Thi, ,:v. e.in Insuranc^.000-3PS701P EXHIBIT "A" THE NORTH ONE-HALF (1/2) OF THE FOLLOWING DESCRIBED PROPERTY, TO WIT: The East'/2 of Government Lot 3, ALSO DESCRIBED AS the East'/z of the West %2 of the SW '/4 of Section 14, Township 22 South, Range 25 East, LESS AND EXCEPT: From an iron pipe set in concrete on the West line of Section 14, Township 22 South, Range 25 East, Lake County, Florida, and lying 33 feet South of the center line of State Road 561-A, run thence South along said Section line 910.66 feet,-thence North 89°36'22.5" East 986.36 feet to a concrete monument at the Point of Beginning, thence run South 49°15'34" East 143.37 feet, thence run South 25°20'19" East 82.74 feet, thence run South 47°46'19" East 138.47 feet, thence run South 1°23'39" East 131.52 feet, thence run South 25°32'04" West 137.76 feet, thence run South 1°18'56" West 169.01 feet, thence run South 52°28' East 73.24 feet, thence run South 41°18'48" East 53.33 feet, thence run South 47°46'15" East 73 feet, more or less, to a point on the East line of Government Lot 3 in said Section 14, thence run Northerly to the Northeast corner of said Government Lot 3, thence run Westerly to the Point of Beginning, all in Section 14, Township 22 South, Range 25 East, Lake County, Florida. (Parcel No. 14-22-25- 000300002400) AFFIDAVIT (NO LIEN -GAP) STATE OF Florida COUNTY OF H~eird-ry ~;; Before me, the undersigned authority, personally appeared DANIEL J. POOL, Trustee on behalf of said Florida trust who being by me duly sworn, on oath, deposes and says: 1. That_it is the owner(s) of the following described property, to wit: ALL THAT REAL PROPERTY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. 2. That the above described property is free and clear of all liens, taxes, encumbrances and claims of every kind, nature and description whatsoever, except for mortgage or mortgages, if any, described in the deed given between the parties named herein, and except for real estate and personal property taxes for the year _2008 . 3. That within the past 90 days there have been no improvements, alterations, or repairs to the above described property for which the costs thereof remain unpaid, and that within the past 90 days there have been no claims for labor or material furnished for repairing or improving the same, which remain unpaid, except the following: NONE 4. That there are no mechanic's, materialmen's, or laborer's liens against the above described property. 5. That the personal property contained in the buildings on said property, or on the said premises, and which, if any, is being sold to the purchaser(s) mentioned below, is also free and clear of all liens, encumbrances, claims and demands whatsoever. 6. That affiant(s), in the operation of said building and property, complied in all respects with the SALES TAX LAW of the State of Florida. 7. That there are no violations of Municipal Ordinances pertaining to the above described property. 8. That this affidavit is made for the purpose of inducing CITY OF CLERMONT, a municipal corporation existing under the laws of the State of Florida to purchase said property from affiant(s): DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 9. Affiant(s) agree(s) that in the event the current real estate and personal property taxes vary in amount from the figures used in making the prorations had in closing the transfer and conveyance of the above described property to said purchaser(s) then a new proration and a correct and proper adjustment will be made upon demand. 10. That no judgment or decree has been entered in any court of this state or the United States against said affiant(s), and which remains unsatisfied. 11. That there is no person in possession of the property or with a claim of possession to the property except the owner(s). 12. That there are no matters pending against the Seller that could give rise to a lien that would attach to the property between the date of the Commitment and the recording of the interest to be insured, and that the Seller has not and will not execute any instrument that would adversely affect the title or interest to be insured. I3. Affiant(s) further state that they are each familiar with the nature of an oath; and with the penalties as pro- vided by the laws of the State aforesaid for falsely swearing to statements made in an instrument of this nature. Affi- ant(s) further certify that they have read, or have heard read to them, the full facts of this affidavit, and understand its context. DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 ~ r _ ~,, d By ; '~_ ~; ~ ~...,' _ --~~~~-.~ SEAL) DANIEL J. PO_G~L-,, ~~~~~S7APLES '~~ ~ ~:,ommission DD 621895 STATE OF Florida ~~~~, ~xpirasJanuary15,2011 COUNTY OF He~rd~y ~~~~ , ;°~`` ~-~`n,l=.:f Thru Troy Fein lnsuranr,~800-3P5-7019 Sworn to and subscribed before me this 2 3rd day of Apr 11 ~ 2 0 ~ $ by DANIEL J. POOL, Trustee on behalf of said Florida trust he is~ersy onally known to me or he has produced his Florida driver ' S l~ ieense as ide Printed Name'; Notary Publxcj My Commission Expires: " itificaCion. ' ~ .~~ A '~ - *, --c~^ %~~!r~i~~~r s. srAP~Es • 1$95 Exoires Januar/ 15, 2011 ~'mru'~,~:-+ 7ha: Tray Tarn Insurance 000.385-701 S EXHIBIT "A" THE NORTH ONE-HALF (1/2) OF THE FOLLOWING DESCRIBED PROPERTY, TO WIT: The East % of Government Lot 3, ALSO DESCRIBED AS the East %2 of the West % of the SW '/4 of Section 14, Township 22 South, Range 25 East, LESS AND EXCEPT: From an iron pipe set in concrete on the West line of Section 14, Township 22 South, Range 25 East, Lake County, Florida, and lying 33 feet South of the center line of State Road 561-A, run thence South along said Section line 910.66 feet,•thence North 89°36'22.5" East 986.36 feet to a concrete monument at the Point of Beginning, thence run South 49°15'34" East 143.37 feet, thence run South 25°20'19" East 82.74 feet, thence run South 47°46'19" East 138.47 feet, thence run South 1°23'39" East 131.52 feet, thence run South 25°32'04" West 137.76 feet, thence run South 1°18'56" West 169.01 feet, thence run South 52°28' East 73.24 feet, thence run South 41°18'48" East 53.33 feet, thence run South 47°46'15" East 73 feet, more or less, to a point on the East line of Government Lot 3 in said Section 14, thence run Northerly to the Northeast corner of said Government Lot 3, thence run Westerly to the Point of Beginning, all in Section 14, Township 22 South, Range 25 East, Lake County, Florida. (Parcel No. 14-22-25- 000300002400) ENTITY(ies) OWNER'S AFFIDAVIT NON-FOREIGN CERTIFICATE AND REQUEST FOR TAXPAYER IDENTIFICATION NUMBER STATE OF Florida COUNTY OF H~e.~ ~,,,.:, ~, BEFORE ME, the undersigned authority, personally appeared DANIEL J. POOL, Trustee on behalf of said Florida trust (the "Seller"), ("Seller" refers to singular or plural as context requires) who, first being duly sworn, deposes and says: A. OWNER'S AFFIDAVIT Seller is the owner of the following described property (the "Property"): ALL THAT REAL PROPERTY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. Street Address: , Clermont, FL 34711 2. There is no outstanding contract for the sale of the property to any person or persons whomsoever, nor any unrecorded deed, mortgage or other conveyances affecting the title to the Property. 3. There are no liens, encumbrances, mortgages, claims, boundary line or other disputes, demands or security interests in, on or against the Property or any goods, furnishings, appliances, fixtures or equipment now installed in or which are to be affixed to the Property; (except for mortgages described in the deed given by the undersigned); that there are no unpaid taxes, levies, assessments, paving liens or utility liens against the Property (other than real estate taxes for the current year). 4. There have been no improvements made upon the Property within the past ninety (90) days for which there remain any outstanding and unpaid bills for labor, materials or supplies for which a lien or liens might be claimed by anyone. 5. There are no matters pending against Seller which could give rise to a lien that would attach to the Property during the period of time between the effective date of the title insurance commitment and the time of recording of the instruments evidencing the Buyer's fee simple or other interests in the Property; and that the Seller has not executed and will not execute any instrument that would adversely affect the title to the Property from the date of this Affidavit forward. 6. There are no judgments, claims, disputes, demands or other matters pending against Seller that could attach to the Property. Seller has complied with the Florida Sales Tax laws where applicable. Seller acknowledges responsibility for water, sewer and electrical consumption charges through date of closing or occupancy by Buyer, whichever first occurs. 7. Seller is in sole constructive or actual possession of the Property and no other person has any right to possession of the Property, or asserts any claim of title or other interests in it. 8. Seller represents there are no violations of governmental laws, regulations or ordinances pertaining to the use of the Property. Owner's Affidavit -Page 2 B. NON-FOREIGN CERTIFICATE AND REQUEST FOR TAXPAYER IDENTIFICATION NUMBER Section 1445 of the Internal Revenue Code provides that a transferee ("Buyer") of a U.S. real property interest must withhold tax if the transferor ("Seller") is a foreign person. For U.S. tax purposes (including section 1445), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the Seller of the property and not the disregarded entity. To inform the Buyer that withholding of tax is not required upon the disposition of a U.S. real property interest by Seller, the undersigned hereby certifies the following on behalf of Seller: 1. Seller's Legal Name Is: DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 2. Seller's Office Address is: P. O. Box 3026, La Belle, FL 33935 3. Seller is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations). 4. Seller is not a disregarded entity as defined in §1.1445-2(b)(2)(iii). In connection with the sale or exchange of the Property you are required by law to provide ROBERTS & LAW, P.A., ATTORNEYS AT LAW with your correct taxpayer identification number (TIN}. If you do not so provide your TIN, you may be subject to civil or criminal penalties imposed by law. 5. Seller's Taxpayer Identification Number is: DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 6. For purposes of reporting this transaction to the Internal Revenue Service on Form 1099-5, the property is Seller's (check one): Principal Residence x Other Real Estate This taxpayer identification number is being provided in connection with a real estate transaction. The undersigned understand that this Certificate maybe disclosed to the Internal Revenue Service by the Buyer and that any false statement contained herein could be punished by fine, imprisonment or both. Under penalties of perjury, I declare that I have examined this certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document as or on behalf of the Seller, and that the number shown on this statement is Seller's correct TIN. Seller states that this instrument is given for the express purpose of inducing CITY OF CLERMONT, a municipal corporation existing under the laws of the State of Florida to purchase the Property and to cause ROBERTS & LAW, P . A . , ATTORNEYS AT LAW as agents for to disburse funds and insure title to said property. This Affidavit is made under the full understanding of the law regarding liability for any misrepresentation herein. DATED this23rd day of April 2008 DANIEL J. POOL, as Trustee under that certain unrecorded Trust A~reement Dated January 1, 1993 __~ ,, r --~- DANIEL J. POOL, Trustee STATE OF Florida COUNTY OF ..13,ex~r~ 'r. Sworn to and subscribed before me [his 2 3rd day of Apr i 1 ~ 2 00 8 by DANIEL J. POOL, Trustee on behalf of said Florida trust he is personally known to me or he has produced his Florida driver `'S`1 1 ieense as jden[ifi~[ion. ~.:~.~ ~ ~ +'' .''~ Printed NamT~,, Notary Public My Commission Expires: ,.;~_P:~::P~d. ~3EVtRLY S. Sl"APLES "' h~ ~~= Commission DD 621895 ' ~a=' Expires January 15, 2011 '~ e of F~ ~~ Bondad Thro Troy Fain Insurance 00030S701f EXHIBIT "A" THE NORTH ONE-HALF (1/2) OF THE FOLLOWING DESCRIBED PROPERTY, TO WIT: The East'/z of Government Lot 3, ALSO DESCRIBED AS the East'/z of the West'/2 of the SW '/4 of Section 14, Township 22 South, Range 25 East, LESS AND EXCEPT: From an iron pipe set in concrete on the West line of Section 14, Township 22 South, Range 25 East, Lake County, Florida, and lying 33 feet South of the center line of State Road 561-A, run thence South along said Section line 91Q.66 feet,•thence North 89°36'22.5" East 986.36 feet to a concrete monument at the Point of Beginning, thence run South 49°15'34" East 143.37 feet, thence run South 25°20'19" East 82.74 feet, thence run South 47°46'19" East 138.47 feet, thence run South 1°23'39" East 131.52 feet, thence run South 25°32'04" West 137.76 feet, thence run South 1°18'56" West 169.01 feet, thence run South 52°28' East 73.24 feet, thence run South 41°18'48" East 53.33 feet, thence run South 47°46'15" East 73 feet, more or less, to a point on the East line of Government Lot 3 in said Section 14, thence run Northerly to the Northeast corner of said Government Lot 3, thence run Westerly to the Point of Beginning, all in Section 14, Township 22 South, Range 25 East, Lake County, Florida. (Parcel No. 14-22-25- 000300002400) AFFIDAVIT FOR DISBURSEMENT STATE OF Florida COUNTY OF Hei°td~y r...;..~`..~. The undersigned (hereinafter referred to singularly or collectively as "Affiant"), being first duly sworn, deposes and says: 1. That Affiant is the sole owner, in fee simple, and in possession of that certain real estate situate in the County of Lake , State of Florida legally described as follows: ALL THAT REAL PROPERTY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. 2. Affiant certifies that from April 6th, 2008 at 11 :00 p.m. (date of most current title certification) no lien, encumbrance, or other document has been filed of record which adversely affects the title to the above described property. 3. In the event any documents which adversely affect title to the above described property are filed of record subsequent to the date and time set forth in paragraph 2 above, through the date and time of recording of title to any purchasers and/or recording of any mortgages, Affiant agrees to assume FULL LEGAL RESPONSIBILITY for satisfaction and/or removal of same. 4. Affiant further agrees to indemnify ROBERTS & LAW, P.A., ATTORNEYS AT LAW and for any loss or damage, including court costs and attorneys fees, arising from any intervening liens or other matters which adversely affect the title to the above described property. 5. Affiant understands that the figures set forth on the settlement statement relating to mortgage payoffs, mortgage assumptions, taxes, utilities, rental prorations, maintenance fees, special assessments, and/or any other charges are based upon the best information available; and in the event said figures differ from the actual figures, Affiant agrees to promptly pay all additional sums owing which are necessary to fully satisfy said outstanding balances. 6. Affiant gives this Affidavit ROBERTS & LAW, P.A., ATTORNEYS AT LAW to disburse, at the time of closing, proceeds, and/or disbursements made between the parties hereto. for the purpose of inducing any proceeds of sale, any mortgage in accordance with any agreements 7. Affiant understands whoever makes a false statement which they do not believe to be true, under oath, not in an official proceeding, in regard to any material matter, shall be guilty of a misdemeanor of the first degree, punishable by a definite term of imprisonment not exceeding one (1) year, as provided in Chapter 775 of the Florida Statutes. DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 `. -~ ) , , p, DANIEL J. POOL,~'Trustee STATE OF Florida COUNTY OF H'emd~ry' ~..~;.ii~. Sworn to and subscribed before me this 23rd day of April 2008 by DANIEL J. POOL, Trustee on behalf of said Florida trust he is personally known to me or he haslproduced 'his~;Flori;da driver's license as identification. ES ~ ~.y ,F `, " ~ ~ E~ ~~ ,.\ / ~ ~~ ~~C ~ L:'~~' '3EVERLY S. STAPL ,_. ~~ .i., ~ ~ . _ T-- t . . ~``~~'k`~=`:.. Commission DD 621895 ~ Printed Nam$'~ , ~' ~, r ~ c • ' _xpiras January 15, 2011 ~ n Rro~ao~,a,c Trny , nin Inautd qa . icd 7hm Notary Publiic, . t ~ ~ ~~~~~ . •: n My Commission Expires EXHIBIT "A" THE NORTH ONE-HALF (1/2) OF THE FOLLOWING DESCRIBED PROPERTY, TO WIT: . The East %2 of Government Lot 3, ALSO DESCRIBED AS the East %2 of the West''/2 of the SW '/4 of Section 14, Township 22 South, Range 25 East, LESS AND EXCEPT: From an iron pipe set in concrete on the West line of Section 14, Township 22 South, Range 25 East, Lake County, Florida, and lying 33 feet South of the center line of State Road 561-A, run thence South along said Section line 910.66 feet,-thence North 89°36'22.5" East 986.36 feet to a concrete monument at the Point of Beginning, thence run South 49°15'34" East 143.37 feet, thence run South 25°20'19" East 82.74 feet, thence run South 47°46'19" East 138.47 feet, thence run South 1°23'39" East 131.52 feet, thence run South 25°32'04" West 137.76 feet, thence run South 1°18'56" West 169.01 feet, thence run South 52°28' East 73.24 feet, thence run South 41°18'48" East 53.33 feet, thence run South 47°46'15" East 73 feet, more or less, to a point on the East line of Government Lot 3 in said Section 14, thence run Northerly to the Northeast corner of said Government Lot 3, thence run Westerly to the Point of Beginning, all in Section 14, Township 22 South, Range 25 East, Lake County, Florida. (Parcel No. 14-22-25- 000300002400) THIS INSTRUMENT PREPARED BY: JULIA R. LAW Attorney at Law Roberts & Law, P.A. P. O. Box 57 Groveland, Florida 34736 Parce-ID Number: 1422250003-000-02400 Warranty Deed This Indenture, Made this 2 3rd day of DANIEL J. POOL, as Trustee under Agreement Dated January 1, 1993 of the County of Hendry CITY OF CLERMONT, a municipal co: the State of Florida whose address is: POSt Office BOX 120219, April , 2008 A.D., Between that certain unrecorded Trust , Slate of Florida ,grantor, and rporation existing under the laws of Clermont, FL 34712 of the County of Lake , State of Florida ,grantee. Witnesseth that the GRANTOR, for and in consideration of the sum of ------------------------TEN DOLLARS ($lO)----------------------- DOLLARS, and other good and valuable consideration to GRANTOR in hand paid by GRANTEE, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said GRANTEE and GRANTEE'S heirs, successors and assigns forever, the following described land, situate, lying and being in the County of Lake S[a[e of Florida to wit: ALL THAT REAL PROPERTY DESCRIBED IN EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. and the grantor does hereby fully warrant the title to said land, and will defend the same against lawful claims of all persons whomsoever. In Witness Whereof, the grantor has hereunto set its hand and seal the day and year first above written. Signed, sealed and delivered in our presence: DANIEL J . POOL, as Trustee under that certain unrecorded Trust ~ _ Agreement Dated January(1, 1993 N ~ ,' ,~ gy; ~~_. `~Z., ~ ~ - ~ ~ \ , (Seal) Prin ed Name : -~~,; : ,f %1. .~;;w • DANIEL J. PO(~' L, Trustee WltlneS S P.O. Address: P. O. Box 3026, La Belle, FL 33935 ~ ~~ ~ ~ .~ ~ ~~ E- Printed N1~e~ . '~'~' Sri ~; ~ 1 ~C,_t~~r ~> Witness ! a STATE OF Florida COUNTY OF I Lake The foregoing instrument was acknowledged before me this 23rd day of Apr1.1 , 2008 by DANIEL J. POOL, Trustee on behalf of said Florida trust he is personally known to me or he has produced his Florida ~„ ~ i ;~Fil_Y S. STAPLES ~~ , ~z ,, ;oi emission DD 621201 ~ ~=:<rnres ~lanuary 15, . . ~ ..w _„~, c,,~n moumnoa 900.325~701t driver's license as identifica~lon. ~~ ~ ., ~ i1'' ++a y ~/ ~ t... •~~. ~' E._~ ` ~, ~ 1, t ,^..Y':...:-+r " Printed Name`., Notary Pubk.ic, My Commission Expires: , EXHIBIT "A" THE NORTH ONE-HALF (1/2) OF THE FOLLOWING DESCRIBED PROPERTY, TO WIT: The East'/2 of Government Lot 3, ALSO DESCRIBED AS the East'/2 of the West'/2 of the SW '/4 of Section 14, Township 22 South, Range 25 East, LESS AND EXCEPT: From an iron pipe set in concrete on the West line of Section 14, Township 22 South, Range 25 East, Lake County, Florida, and lying 33 feet South of the center line of State Road 561-A, run thence South along said Section line 910.66 feet,•thence North 89°36'22.5" East 986.36 feet to a concrete monument at the Point of Beginning, thence run South 49°15'34" East 143.37 feet, thence run South 25°20'19" East 82.74 feet, thence run South 47°46'19" East 138.47 feet, thence run South 1°23'39" East 131.52 feet, thence run South 25°32'04" West 137.76 feet, thence run South 1°18'56" West 169.01 feet, thence run South 52°28' East 73.24 feet, thence run South 41°18'48" East 53.33 feet, thence run South 47°46'15" East 73 feet, more or less, to a point on the East line of Government Lot 3 in said Section 14, thence run Northerly to the Northeast corner of said Government Lot 3, thence run Westerly to the Point of Beginning, all in Section 14, Township 22 South, Range 25 East, Lake County, Florida. (Parcel No. 14-22-25- 000300002400) PAID IN FULL 6/12/08 (~ ~.~ PROMISSORY NOTE $1,500,000.00 !~ mac- ~ 1 ~~?> , 2008 Clermont, Florida FOR VALUE RECEIVED, the undersigned, CITY OF CLERMONT ("Maker") promises to pay to the order of DANIEL J. POOL, as Trustee under that certain unrecorded Trust Agreement Dated January 1, 1993 ("Holder") or order, at its place of business at Post Office Box 3026, LaBelle, Florida 33935, or at such other place as the Holder of this Note may designate in writing, the principal sum of ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,500,000.00), together with interest, if any, thereon at the Interest Rate, in lawful money of the United States, which shall be legal tender in payment cf all debts and dues, public and private, at the time of said payment, said principal and interest to be payable as set forth below. 1. INTEREST RATE AND PAYMENTS. (a) Interest shall accrue during the term of this Note at the rate of 4% (four percent) per annum or the Applicable Federal Rate as established by the internal Revenue Service for the month any payment is made as set forth below, whichever is greater. There shall be no penalty or consequence to Maker for pre or early payment. (b) Interest shall be calculated on the basis of a 360-day year, actual days elapsed. (c) Until such time as the Note is paid in full, Maker shall make quarterly interest payments to Holder of FIFTEEN THOUSAND AND NO/100 DOLLARS ($15,000.00) beginning on the first business day after the expiration of 90 days from the date of execution of this Note and continuing each 90th day thereafter until the Note is paid in full. 2. TERMfMATURITY DATE. The term of this Note is ccmpri~ed of a distinct loan period: (a) The loan period shall commence on the date of this Note and extend through and including April 23, 2011, or at such time Maker has obtained disbursement of applied for grants for the amount enabling it to pay off this Note, whichever occurs first (herein the "Maturity Date"). 3. ATTORNEYS' FEES. All parties liable for the payment of this Note agree to pay the Holder in addition to the principal and interest due and payable hereon, reasonable paralegal fees, attorneys' fees and costs, whether or not an action be brought, for the services of counsel employed after maturity or default to collect this Note or any principal or interest due hereunder, or to protect the security, if any, or enforce the performance of any other agreement contained in this Note or in any instrument of security executed in connection with the loan evidenced hereby, including, but not limited to costs, paralegal fees and attorneys' fees and costs on any trial, or appellate proceedings, or in any proceedings under the United States Bankruptcy Code or in any post judgment proceedings. 4. EVENTS OF DEFAULT. The failure of any Obligor to pay any principal, interest or any other sums required hereunder when due under this Note shall constitute a default or Event of Default hereunder. 5. ACCELERATION. If a default or Event of Default shall occur hereunder and such default shall continue for ten (10) days then at the option of the Holder, the entire principal sum then remaining unpaid and accrued interest shall immediately become due and payable without notice or demand, and said principal shall bear interest from such date at the highest legal rate permitted by law; from time to time, to be charged by Holder, it being agreed that interest not paid when due shall, at the option of the Holder, draw interest at the rate provided for in this paragraph. Failure to exercise the above options shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. If this Note is payable upon demand, then no terms or provisions contained in this paragraph shall be deemed or interpreted to alter or abrogate the demand nature of this Note or the right of Holder under a demand instrument. 6. FLORIDA LAW. This Note is executed under seal and constitutes a contract under the laws of the State of Florida, and shall be enforceable in a Court of competent jurisdiction in that State, regardless of in which State this Note is being executed. 7. HEADINGS. The headings of the paragraphs contained in this Note are for convenience of reference only and do not form a part hereof and in no way modify, interpret or construe the meaning of the parties hereto. PRE-PAYMENT PENALTY: THE LOAN MAY BE PRE-PAID IN WHOLE OR IN PART AT ANY TIME WITHOUT PENALTY. MAKER AND HOLDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE AND ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, OR COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER PARTY. THIS PROVISION IS MATERIAL INDUCEMENT FOR HOLDER ENTERING INTO THIS AGREEMENT. CITY OF CL MONT y~ H41? LD URVILLE, JR., Mayor MAKER ADDRESS OF MAKER: 685 West Montrose Street Clermont, Florida 34711