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Parcel 132RDUE PROJECT: 68056 PARCEL No: 132RDUE FOLIO No: 37994840006 EASEMENT AGREEMENT THIS EASEMENT AGREEME~T (hereina~r referred to as the "Agreement") is made and entered into on this .)t!! day of W{j..f( 5 T , 2009, by and between MORTGAGE EQUITY INVESTORS INC., a Florida for profit corporation, whose mailing address is 2538 Jardin Drive, Weston, FL 33327, (hereinafter referred to as "Owner"), and COLLIER COUNTY, a political subdivision of the State of Florida, whose mailing address is 3301 Tamiami Trail East, Naples, Florida 34112 (hereinafter referred to as "Purchaser"). WHEREAS, Purchaser requires a perpetual, non-exclusive right-of-way, drainage and utility easement to enter upon and to install and maintain roadway, bike path and sidewalk improvements, drainage structures, including but not limited to ditches, swales, earthen berms, rip-rap and retaining wall systems, underground pipes, various types of water control structures, the right to remove and use any and all excavated material, and any and all manner of public and private utility facilities over, under, upon and across the following described lands located in Collier County, Florida, and described in Exhibit "A", which is attached hereto and made a part of this Agreement (hereinafter referred to as the "Easement"); and WHEREAS, Owner desires to convey the Easement to Purchaser for the stated purposes, on the terms and conditions set forth herein; and WHEREAS, Purchaser has agreed to compensate Owner for conveyance of the Easement. NOW THEREFORE, in consideration of these premises, the sum of Ten Doliars ($10.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, it is agreed by and between the parties as follows: 1. All of the above RECITALS are true and correct and are hereby expressly incorporated herein by reference as if set forth fully below, and all Exhibits referenced herein are made a part of this Agreement. 2. Owner shall convey the Easement to Purchaser for the sum of: $27,850.00 subject to the apportionment and distribution of proceeds pursuant to Paragraph 9 of this Agreement (said transaction hereinafter referred to as the "Closing"). Said payment to Owner, payable by County Warrant, shall be full compensation for the Easement conveyed, including all landscaping, trees, shrubs, improvements, and fixtures located thereon, and shall be in full and final settlement of any damages resulting to Owner's remaining lands, costs to cure, including but not limited to the cost to relocate the existing irrigation system and other improvements, and the cost to rut and :;ap ;r~:gat:cn lines 9xten~!~g into the Easement, arid to remo'/e all sprinkler valves and related electrical wiring, and all other damages in connection with conveyance of said Easement to Purchaser, including all attorneys' ~es, expert witness fees and costs as provided for in Chapter 73, Florida Statutes. 3. Prior to Closing, Owner shall obtain from the holders of any liens, excep~jons and/or qualifications encumbering the Easement, the execution of such instruments which will remove, release or subordinate such encumbrances from the Easement upon their recording in the public records of Collier County, Florida. At or prior to Closing, Owner shall provide Purchaser with a copy of any existing prior title insurance Page 2 policies. Owner shall cause to be delivered to Purchaser the items specified herein and the following documents and instruments duly executed and acknowledged, in recordable form (hereinafter referred to as "Closing Documents") on or before the date of Closing: (a) Easement; (b) Closing Statement; (c) Grantor's Non-Foreign, Taxpayer Identification and "Gap" Affidavit; (d) W-9 Form; and (e) Such evidence of authority and capacity of Owner and its representatives to execute and deliver this agreement and all other documents required to consummate this transaction, as reasonably determined by Purchaser, Purchaser's counsel and/or title company. 4. Both Owner and Purchaser agree that time is of the essence. Therefore, Closing shall occur within ninety (90) days from the date of execution of this Agreement by the Purchaser; provided, however, that Purchaser shall have the unilateral right to extend the term of this Agreement pending receipt of such instruments, properly executed, which either remove or release any and all such liens, encumbrances or qualifications affecting Purchaser's enjoyment of the Easement. At Closing, payment shall be made to Owner in that amount shown on the Closing Statement as "Net Cash to Seller, II and Owner shall deliver the Closing Documents to Purchaser in a form acceptable to Purchaser. 5. Owner agrees to relocate any existing irrigation system located on the Easement including irrigation lines, electrical wiring and sprinkler valves, etc., prior to the construction of the project without any further notification from Purchaser. Owner assumes full responsibility for the relocation of the irrigation system on the remainder property and its performance after relocation. Owner holds County harmless for any and all possible damage to the irrigation system in the event owner fails to relocate the irrigation system prior to construction of the project. If Owner elects to retain improvements and/or landscaping ("Improvements") located on the Easement, the Owner is responsible for their retrieval prior to the construction of the project without any further notification from Purchaser. Owner acknowledges that Purchaser has compensated Owner for the value of the Improvements and yet Purchaser is willing to permit Owner to salvage the Improvements as long as their retrieval is performed before construction and without interruption or inconvenience to the County's contractor. All Improvements not removed from the Property prior to commencement of construction of the project shall be deemed abandoned by Owner. This provision shall survive Closing and is not deemed satisfied by conveyance of title. 6. Owner and Purchaser agree to do all things which may be required to give effect to this Agreement immediately as such requirement is made known to them or they are requested to do so, whichever is the earlier. 7. Owner agrees, represents and warrants the following: (a) Owner has full right, power and authority to own and operate the property underlying the Easement, to enter into and to execute this Agreement, to execute, deliver and perform its obligations under this Agreement and the instruments executed in connection herewith, to undertake all actions and to perform all tasks required of Owner hereunder and to consummate the transaction contemplated hereby. Page 3 (b) Purchaser's acceptance of the Easement shall not be deemed to be full performance and discharge of every agreement and obligation on the part of Owner to be performed pursuant to the provisions of this Agreement. (c) No party or person other than Purchaser has any right or option to acquire the Easement or any portion thereof. (d) Until the date fixed for Closing, so long as this Agreement remains in force and effect, Owner shall not encumber or convey any portion of the property underlying the Easement or any rights therein, nor enter into any agreements granting any person or entity any rights with respect to the Easement, without first obtaining the written consent of Purchaser to such conveyance, encumbrance, or agreement, which consent may be withheld by Purchaser for any reason whatsoever. (e) There are no maintenance, construction, advertising, management, leasing, employment, service or other contracts affecting the Easement. (f) Owner has no knowledge that there are any suits, actions or arbitration, administrative or other proceedings or governmental investigations or requirements, formal or informal, existing or pending or threatened which affect the Easement or which adversely affect Owner's ability to perform hereunder; nor is there any other charge or expense upon or related to the Easement which has not been disclosed to Purchaser in writing prior to the effective date of this Agreement. (g) Purchaser is entering into this Agreement based upon Owner's representations stated in this Agreement and on the understanding that Owner will not cause the physical condition of the property underlying the Easement to change from its existing state on the effective date of this Agreement up to and including the date of Closing. Therefore, Owner agrees not to enter into any contracts or agreements pertaining to or affecting the property underlying the Easement and not to do any act or omit to perform any act which would adversely affect the physical condition of the property underlying the Easement or its intended use by Purchaser. (h) The property underlying the Easement, and all uses of the said property, have been and presently are in compliance with all Federal, State and Local environmental laws; that no hazardous substances have been generated, stored, treated or transferred on the property underlying the Easement except as specifically disclosed to the Purchaser; that the Owner has no knowledge of any spill or environmental law violation on the property contiguous to or in the vicinity of the Easement to be sold to the Purchaser, that the Owner has not received notice and otherwise has no knowledge of: a) any spill on the property underlying the Easement; b) any existing or threatened environmental lien against the property underlying the Easement; or c) any lawsuit, proceeding or investigation regarding the generation, storage, treatment, spill or transfer of hazardous substances on the property underlying the Easement. This provision shall survive Closing and is not deemed satisfied by conveyance of title. 8. Owner shall indemnify, defend, save and hold harmless the Purchaser against and from, and reimburse the Purchaser with respect to, any and all damages, claims, liabilities, laws, costf.' and expensps (irc!uding withOl't limitation rea~onable paralegal and attorney fees and expenses whether in court, out of court, in bankruptcy or administrative proceedings or on appeal), penalties or fines incurred by or asserted against the Purchaser by reason or arising out of the breach of any of Owner's representations under paragraph 7(h). This provision shall survive Closing and is not deemed satisfied by conveyance of title. 9. Purchaser shall pay all fees to record any curative instruments required to clear title, all Easement recording fees, and any and all costs and/or fees associated with securing and recording a Release or Subordination of any mortgage, lien or other Page 4 encumbrance recorded against the property underlying the Easement; provided, however, that any apportionment and distribution of the full compensation amount in Paragraph 2 which may be required by any mortgagee, lien-holder or other encumbrance-holder for the protection of its security interest or as consideration for the execution of any release, subordination or satisfaction, shall be the responsibility of the Owner, and shall be deducted on the Closing Statement from the compensation payable to the Owner per Paragraph 2. In accordance with the provisions of Section 201.01, Florida Statutes, related to the exemptions against payment of documentary stamp taxes by Purchaser, Owner shall further pay all documentary stamp taxes required on the instrument(s) of transfer, unless the Easement is acquired under threat of condemnation. 10. This Agreement and the terms and provisions hereof shall be effective as of the date this Agreement is executed by both parties and shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, personal representatives, successors, successor trustees, and/or assignees, whenever the context so requires or admits. 11. If the Owner holds the property underlying the Easement in the form of a partnership, limited partnership, corporation, trust or any form of representative capacity whatsoever for others, Owner shall make a written public disclosure, according to Chapter 286, Florida Statutes, under oath, of the name and address of every person having a beneficial interest in the property underlying the Easement before the Easement held in such capacity is conveyed to Purchaser. (If the corporation is registered with the Federal Securities Exchange Commission or registered pursuant to Chapter 517, Florida Statutes, whose stock is for sale to the general public, it is hereby exempt from the provisions of Chapter 286, Florida Statutes.) 12. Conveyance of the Easement, or any interest in the property underlying the Easement, by Owner is contingent upon no other provisions, conditions, or premises other than those so stated herein; and this written Agreement, including all exhibits attached hereto, shall constitute the entire Agreement and understanding of the parties, and there are no other prior or contemporaneous written or oral agreements, undertakings, promises, warranties, or covenants not contained herein. No modification, amendment or cancellation of this Agreement shall be of any force or effect unless made in writing and executed and dated by both Owner and Purchaser. 13. Should any part of this Agreement be found to be invalid, then such invalid part shall be severed from the Agreement, and the remaining provisions of this Agreement shall remain in full force and effect arid not be affected by such invalidity. 14. This Agreement is governed and construed in accordance with the laws of the State of Florida. Page 5 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. AS TO PURCHASER: DATED: 8', t{. &7' ATTEST: DWIGHT E. BROCK, Clerk .( -- BOARD OF COUNTY COMMISSIONERS COLLIER CIfj,TY. FLORIDA I _ BY: ~ ~~ Donna Fiala, Chairman AS TO OWNER: MORTGAGE EQUITY INVESTORS INC., a Florida for profit corporation """-- s (Signature) By: #~' ~ - Ad!.; President! Vice President GLewl() II~ tefC~,v Name (Print or Type) /11 {" I;~ If S~lI '1\ Name (Print or Type) .A!P4 A-/ Witness (Signature) ~e~/; ~~~rJcA:'- Name (Print or Type) ~.. Z?]f )q/4.'1J)-'Vl Address /4J(J~ /C-]J/27 f Approved as to form and legal sufficiency: I ~ ?I c ...1 <> !\ ~ '" " " " '" 0 " ,. <: :;. '" a .i!\ ~ ~ ., r~ 8 ~ OJ ~ Q. ~q N W+E t--t- I I I I I I I ,- ..) I ~ " 0' TRACT 148 GOLDEN GATE ESTATES UNIT 27 PLAT BOOK 7, PAGE 17 I I i EAST 75' OF TRACT 148 8 OJ it -8 g ~- :.- ~ Q. ~ ~. ". o l~ -. ,t~ ~f ~' JONES or~ 3880/276 I I I PROPOSED ROADWAY EASEMENT PARCEL 132RDUE 4.500 SO. FT. I .... 1:. .~; . ~l ~ '" I~ I !Tl _ M. ,,\ I 3e+r=oo -t I -~ - i OR -1--- +00 39+00 ."" OFFICIAL RECORDS (BOOK/PAGE) PZ')(;j " /' [/LI PROPOSED ROADWAY, DRAINAGE, AND UTILITY EASEMENT (ROUE) EXISTING RIGHT OF WAY DEDICATED TO THE PERPETUAL USE OF THE PUBLIC PER PLAT BOOK 7, PAGE 17 I --_-1_.___ I 1 I TRACT 127 I I l I -1-- -- L - .:t--,_I~:~'~__l_~ -.-.-. -1-- --- -- - I PERPETUAL, NON-EXCLUSJVE ROAD RIGHT ..oF-WAY. OAAlNAGE ANO UTILITY EASEMENT EXHIBIT r\ Page at LEGAL DESCRIPTION FOR PARCEL 132RDUE A PORTION OF TRACT 148, GOLDEN GATE ESTATES, UNIT 27 AS RECORDED IN PLAT BOOK 7, PAGE 17 OF THE PUBLIC RECORDS OF COLLIER COUNTY. FLORIDA, LYING IN SECTIONS 11 AND 14, TOWNSHIP 49 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS. .." ": CONTAINING 4,500 SQUARE FEET, MORE OR LESS. THE NORTH 60 FEET OF THE SOUTH 90 FEET OF THE EAST 75 FEET OF SAID TRACT 148. ~,/JJlv:1~1 WICf<AEL A. "'AriD. P~OfESS'o.NAt. LAND SURVLYIlH FLDRIDA REGISTRATIDN CERTIFICATE NO.. 5~Dl SIGNINC DATE; NIlT VALID WITHOUT THE ORIGINAL SIGNATURE &< RA'SED EMBDSSED SEAL Of A fLDRIDA REGISTERED PROfESSIDNAL SURVE\'OR ANO MAPPER. o 10 00 SKETCH & DESCRIPTION ONLY I NOT A BOUNDARY SURVEY SCALE: 1"=80' FOR: COLLIER COUNTY GOVERNMENT GOAFm OF COUNTY COMMISSIONERS COLLIER BOULEVARD SKETCH & DESCRIPTION OF: PROPOSED RIGHT OF WAY PARCEL 132RDUE COLLIER COUNTY, FLORIDA JOB NUMBER 050106.0.00 0006 SCALE 1" == 80' 150 I .-. .~. .' ".. "," 0'X1 ^ lNC'~~fauon CONSUL TINO CivilEllglncuing ..L ...., , .L JL Surveying & MApping 6610 Willow Park Drive, Sulle 200 Naples. Florida 34109 Phone: (239) 597-0.575 FAX: (239) 59N)57B L8 No.: 6952 FILE NAME UN27 SK132RDUE SHEEr OF 1