Loading...
Master Transfer Agmt of Utilities Volume 3 of 3 OKEECHOBEE UTILITY AUTHORITY TRANSFER OF UTILITIES September 27, 1995 Prepared for: CITY OF OKEECHOBEE Volume 3 of 3 Prepared By: W. LEE DOBBINS, ESQ. Dean, Mead & Minton 1903 South 25th Street, Suite 200 Post Office Box 2757 Fort Pierce, Florida 34954-2757 (407) 464-7700 CLOSING BINDER INDEX DMM CI CO OUA 1 . Deed by City - _Q 2 . Deed and Agreement transferring _.Q_ the City Groundwater Treatment Plant and related easements to OUA 3 . Deed by OBWA (recorded in Okeechobee C C C 0 County) 4 . Deed by OBWA (recorded in Glades C C C O County) 5 . Deed by Kings Bay C C C 0 6 . Easement from City for C C C 0 Old Wastewater Treatment Plant and Wastewater Connection 7 . Dedication of Easement and C C C 0 Bill of Sale by County for Okee-Tantie Plant 8 . Owners Affidavit by City C 0 C 0 9 . Owners Affidavit by County C C C O 1 0 . Owners Affidavit by OBWA C C C O 1 1 . Owners Affidavit by Kings Bay C C C O 1 2 . Property Interest Assignment C C C O and Assumption Agreement and Deed of Transfer by City 13 . Property Interest Assignment C C C 0 and Assumption Agreement and Deed of Transfer by OBWA (recorded in Okeechobee County) 1 4 . Property Interest Assignment C C C O and Assumption Agreement and Deed of Transfer by OBWA (recorded in Glades County) 15 . Property Interest Assignment C C C 0 & Assumption Agreement and Deed of Transfer by Kings Bay 16 . General Bill of Sale and C C C 0 Assignment by OBWA 17 . General Bill of Sale and C C C 0 Assignment by King' s Bay 1 8 . Deed of Transfer and C O C O Assignment of Rights by City 1 9 . Deed of Transfer and Assignment C O of Rights by OBWA 20 . Deed of Transfer and C C C 0 Assignment of Rights by County 21 . Short Form Deed of Transfer C 0 C 0 and Assignment of Rights by City 2 DMM CI CO OUA 2 2 . Short Form Deed of Transfer _Q and Assignment of Rights by OBWA (Okeechobee County) 23 . Short Form Deed of Transfer C C C 0 and Assignment of Rights by OBWA (Glades County) 24 . Short Form Deed of Transfer and C C C 0 Assignment of Rights by Kings Bay 25 . Assignment and Assumption C 0 C 0 Agreement assigning obligations of City 26 . Assignment and Assumption C C C O Agreement assigning obligations of OBWA 27 . Assignment and Assumption C C C 0 Agreement assigning obligations of County 2 8 . Assignment of Agreement by City C O C O assigning City agreements with: (i) HRS (ii) Eckerd Family Youth Alternatives (iii) Walpole, Inc . (iv) Williamson Cattle Company (v) Software Management, Inc. 2 9 . Assignment of Agreement by City C O C O (Speegle Construction, Inc. ) 30 . Assignment of Agreement by City C 0 C 0 assigning City agreements with Censtate Contractors, Inc. : (i) Water Distribution Improvement (ii) Lift Station Improvements 31 . Assignment of City Wastewater C C C 0 Treatment Plant lease from TIFF 32 . Assignment of Agreement C C C 0 between Digital Matrix Services, Inc . and OBWA 3 3 . Assignment of Agreement C C C O between LeWare Construction Company, Inc . and OBWA 34 . Notice of Termination of C C C 0 Third Party Beneficiary Contract, between Bay Utilities, Inc . and Kings Bay Homeowner' s Association, Inc . 35 . Satisfaction of three OBWA C C C 0 mortgages to FHA 36 . Confirmation of Municipal C C C 0 Purposes by TIFF 3 7 . Acknowledgment (that OBWA may C C C O dissolve) 38 . Easement from Stokes (rewitnessed) C C C 0* 39 . Easement from Mable Thomas C C C 0* (rewitnessed) 3 DMM CI CO OUA 40 . Easement from Alan Thomas C C C 0* (rewitnessed) 41 . Easement from Leggets (rewitnessed) C C C O* 4 2 . Certified Copy of Resolutions C C adopted by City Council authorizing the execution, delivery and performance of the Agreement 4 3 . Certified Copy of Resolutions C adopted by the Board of Directors of OBWA authorizing the execution, delivery and performance of the Agreement 4 4 . Certified Copy of Resolutions C C C C adopted by the Board of Directors of Kings Bay authorizing the execution, delivery and performance of the Agreement 4 5 . Certified Copy of Resolutions C C C C adopted by the Board of County Commissioners authorizing the execution, delivery and performance of the Agreement 4 6 . Certified Copy of Resolutions C C C C adopted by the Board of Directors of OUA authorizing the execution, delivery and performance of the Agreement 47 . Certificate of the Clerk of the C C C 0 City as to incumbency and signatures of the City officers 4 8 . Certificate of the Secretary of C C C C OBWA as to incumbency and signatures of the OBWA officers 4 9 . Certificate of the Clerk of C C C C the Board of County Commissioners as to incumbency and signatures of the County officers 5 0 . Certificate of the Secretary of C C C C OUA as to incumbency and signatures of the OUA officers 51 . Certified copy of Amended OBWA C C C 0 Franchise Ordinance 5 2 . OBWA Consent to Amended OBWA C C C C Franchise Ordinance 53 . Certified copy of OUA Consent to C C C 0 Amended OWBA Franchise Ordinance 54 . Interlocal Agreement between City C 0 C 0 and OUA Governing Facilities and Services to be provided by the City to OUA 5 5 . Opinion of City Counsel C C 5 6 . Opinion of OBWA Counsel C C C C 4 DMM CI CO OUA 57 . Opinion of County Counsel C C C C 5 8 . Opinion of OUA Counsel _c 5 9 . Opinion Letters from City Insurance C C C C Carrier 6 0 . Stipulation for Voluntary C C C C Dismissal by City, County & OBWA 6 1 . Petitioner' s Motion for C C C C Dismissal by City 6 2 . Public Service Commission C C C C Order Exempting OUA 63 . Certified copy of Final Judgment C C C 0 Validating Bonds (Okeechobee County) 64 . Certified copy of Final Judgment Validating Bonds (Glades County) C O 6 5 . Closing Statement 0 0 0 0 66 . Title Insurance Commitment C C C 0 0 = Original C = Copy 0* = Original delivered outside of Binder DMM = Dean, Mead & Minton CI = City of Okeechobee CO = County of Okeechobee OBWA = Okeechobee Beach Water Authority OUA = Okeechobee Utility Authority f:\data\rnk\index\214041s r.99 5 — -- — ;; Commonwealth. Land Title Insurance Company Commitment For Title Insurance COMMITMENT NUMBER 814 -151184 • COMMONWEALTH LAND TITLE INSURANCE COMPANY, a Pennsylvania corporation, herein called the company, for a valuable consideration,hereby commits to issue its policy or policies of title insurance,as identified in Schedule A,in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor;all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of this Commitment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate 120 days after the effective date hereof or when the policy or policies committed for shall be issued, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the I company. In Witness Whereof, the said Company has caused its Corporate Name and Seal to be hereunto affixed; this instrument, including Commitment, Conditions and Stipulations attached, to become valid when countersigned on Schedule A by an Authorized Officer or Agent of the Company. 4frs COMMONWEALTH LAND TITLE INSURANCE COMPANY n/rd W � � Attest: �JB�. y !l1�111//� ..�fyy ezi� 44:5, Secretary President o 3 s 403 1601' American Land Title Association Commitment-1966 Face Page Valid Only If Schedules A,B and Cover Are Attached Form 1004-34 ORIGINAL COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517 Agent File No. OKEECHOBEE Effective Date: AUGUST 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $19,600,000.00 Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: VARIOUS (SEE ATTACHED) 3. The land referred to in this Commitment is described as follows: VARIOUS (SEE ATTACHED) DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 - Countersigned: r 4 0 ,(a�ri ,"1\-Ak t ~ Autho d Officer Agent VALID ONLY IF F. - ,-AGE, SCHEDULE B AND COVER ARE ATTACHED 1 A90 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517A Agent File No. OBWA/TOUJAY Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517A Agent File No. OBWA/TOUJAY LEGAL DESCRIPTION Parcel 1: All that part of the South 100 feet of Lot 30, Eagle Bay Survey, lying East of the East right of way line of State Road 78, Section 17, Township 38 South, Range 35 East, Okeechobee County, Florida. Parcel 2: Commencing at the Northeast corner of Lot 31, Eagle Bay Survey, according to the plat of said Eagle Bay Survey, as recorded in Plat Book 1, Page 31, of the Public Records of Okeechobee County, Florida, run thence South 28 degrees 14'21" West along the State 17 foot contour line and the east boundary line of said Lot 31 for a distance of 140.04 feet for the Point of Beginning; thence continue South 28 degrees 14'21" West for a distance of 39.23 feet; thence run South 23 degrees 27' 21" West for a distance of 112 .25 feet; thence run North 88 degrees 34' 09" West parallel with the North boundary line of the aforesaid Lot 31, for a distance of 201 .28 feet, more or less to a point on the Easterly right of way line of S.R. 78, thence run North 23 degrees 29'06" East along the said Easterly right of way line of S.R. 78, for a chord distance of 150.00 feet; thence run South 88 degrees 34' 09" East for a distance of 204 .74 feet to the Point of Beginning. Parcel 3: All that part of the South 100 feet of the North 125 feet of Lot 31, Eagle Bay Survey, according to the Plat thereof recorded in Plat Book 1, Page 31, Public Records of Okeechobee County, Florida, lying Easterly of S.R. 78 . Lying in and comprising a part of Section 17, Township 38 South, Range 35 East, Okeechobee County, Florida. Parcel 4: All that part of the North Twenty-Five (25) feet of Lot 31, Eagle Bay Survey, lying east of the east R/W line of State Road No. 78, in Section 17, Township 38 South, Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517A Agent File No. OBWA/TOUJAY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide satisfactory evidence that OKEECHOBEE BEACH WATER ASSOCIATION, INC. is in existence in the State of Florida. 6 . Provide satisfactory evidence that OKEECHOBEE UTILITY AUTHORITY is in existence in the State of Florida. 7. Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to FARMERS HOME ADMINISTRATION, dated October 13, 1967, recorded October 18, 1967 in Official Records Book 104, page 527, of the Public Records of Okeechobee County, Florida, in the original principal amount of $60,000.00. 8 . Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to FARMERS HOME ADMINISTRATION, dated October 24, 1978, recorded October 24, 1978 in Official Records Book 223, page 229, of the Public Records of Okeechobee County, Florida, in the original principal amount of $275,000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517A Agent File No. OBWA/TOUJAY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $56.93; Tax ID# 1-17-38-35-0A00-00007-0000. NOTE: Gross amount of 1994 taxes were $3 .50; Tax ID# 1-17-38-35-0A00-00006-A000. 8 . Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, recorded in Deed Book 56, page 238, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, recorded in Deed Book 7, Page 428, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservation has been released by Section 270.11 F.S. 10. Oil, Gas and Mineral Reservation in favor of Trustees of the Internal Improvement Fund, as contained in Deed, recorded in Deed Book 25, Page 422, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270. 11 F.S. 11. The nature, extent, or existence of riparian rights are not insured. 4 Commitment No. Company File No. P9517A Agent File No. OBWA/TOUJAY 12. The right, title, or interest, if any, of the public to use any part of the land seaward and/or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 13 . Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9518B Agent File No. CITY #8 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER' S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest, and COUNTY OF OKEECHOBEE, a political subdivision of the State of Florida, as to fee interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9518B Agent File No. CITY #8 LEGAL DESCRIPTION A perpetual non-exclusive easement for the purpose of installing necessary potable water lines, including the right to maintain and repair all of said lines, across, through and under the following described property: The North 7.50 feet of the South 40 feet of Lot 10, Block 23, RIVERSIDE PARK, according to the plat thereof, as recorded in Plat Book 1, page 23, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9518B Agent File No. CITY #8 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors . 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9518B Agent File No. CITY #8 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $EXEMPT; Tax ID# 1-15-37-35-0030-00230-004A. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517C Agent File No. CITY #7 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947, (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517C Agent File No. CITY #7 LEGAL DESCRIPTION A non-exclusive easement for public utilities purposes in and over the 15 foot alleyway in Block 207, FIRST ADDITION TO CITY OF OKEECHOBEE, between Lots 1 - 3 and 9 - 11, as recorded in Plat Book 1, page 11, of the Public Records of Okeechobee County, Florida, as reserved in instrument recorded in Ordinance No. 676 on October 19, 1994 . END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517C Agent File No. CITY #7 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517C Agent File No. CITY #7 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY C CAME TALENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517D Agent File No. CITY/BONNELL Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517D Agent File No. CITY/BONNELL LEGAL DESCRIPTION The North 2 1/2 feet of Lot 20, Block 12, SOUTHWEST ADDITION, CITY OF OKEECHOBEE, FLORIDA, according to the plat thereof recorded in Plat Book 2, page 7, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517D Agent File No. CITY/BONNELL SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors . 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Partial Release of the insured land from that certain mortgage from ROSE MARIE BONNELL to SUN BANK/SOUTH CENTRAL FLORIDA, National Association, dated April 2, 1987, recorded April 8, 1987 in Official Records Book 285, page 1793, as modified in Official Records Book 314, page 1324, of the Public Records of Okeechobee County, Florida, in the original principal amount of $35,000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517D Agent File No. CITY/BONNELL SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $EXEMPT; Tax ID# 3-21-37-35-0170-00120-0200. 8 . Agreement by and between ROSE MARIE BONNELL and the CITY OF OKEECHOBEE, FLORIDA, a Florida municipal corporation, as contained in instrument recorded in Official Records Book 295, page 1089, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517E Agent File No. WASTE/BRO 2 DEV Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517E Agent File No. WASTE/BRO 2 DEV LEGAL DESCRIPTION The West 15.00 feet of Lots 7, 8 and 9, Block 16, SOUTH OKEECHOBEE, according to the plat thereof, as recorded in Plat Book 5, page 7, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517E Agent File No. WASTE/BRO 2 DEV SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors . 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517E Agent File No. WASTE/BRO 2 DEV SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $EXEMPT; Tax ID# 3-21-37-35-0040-00160-0070. 8. Reservation as contained in the Warranty Deed, recorded in Official Records Book 258, page 533, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517F Agent File No. SURFACE WTP Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517F Agent File No. SURFACE WTP LEGAL DESCRIPTION Lot "D" of Section 4, Township 38 South, Range 35 East, Okeechobee County, Florida, less and except all rights of way for public roads. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517F Agent File No. SURFACE WTP SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517F Agent File No. SURFACE WTP SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $EXEMPT; Tax ID# 1-04-38-35-0A00-00004-0000. 8 . Reservations as contained in the Deed, recorded in Deed Book 17, page 212, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517G Agent File No. CITY #26 Effective Date: August 12, 1994 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest, and DARRELL E. FERNEAU d/b/a COACHER INVESTMENTS, as to fee title 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517G Agent File No. CITY #26 LEGAL DESCRIPTION Perpetual, non-exclusive easement described in Official Records Book 253, page 1341, Public Records of Okeechobee County, Florida, for construction, installation and maintenance of utilities and drainage through, over, across and on the following described property: The North 12 feet of Lot 204, FIRST ADDITION TO OKEECHOBEE ESTATES, according to the plat thereof, as recorded in Plat Book 3, page 23, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517G Agent File No. CITY #26 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation, as to easement interest, and DARRELL E. FERNEAU d/b/a COACHER INVESTMENTS, as to fee title certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant(s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517G Agent File No. CITY #26 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $1,547.01; Tax ID# 3-22-37-35-0290-00000-2030. 8 . Restrictions, covenants and conditions as contained in the instrument recorded in Official Records Book 58, page 17, of the Public Records of Okeechobee County, Florida. 9. The nature, extent, or existence of riparian rights are not insured. 10. Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517H Agent File No. CITY/HARDING Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517H Agent File No. CITY/HARDING LEGAL DESCRIPTION The South 2 1/2 feet of Lot 13, Block 24, CITY OF OKEECHOBEE, FLORIDA, according to the plat thereof, as recorded in Plat Book 2, page 17, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517H Agent File No. CITY/HARDING SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517H Agent File No. CITY/HARDING SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $EXEMPT; Tax ID# 3-15-37-35-0010-00240-013A. 8 . Agreement by and between REBECCA HARDING and the CITY OF OKEECHOBEE, FLORIDA, a Florida municipal corporation, as contained in instrument recorded in Official Records Book 293, page 682, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517I Agent File No. OBWA/MINCEY Effective Date: August 7, 1995 at 8 :00 A.M. 1 . Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows : LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517I Agent File No. OBWA/MINCEY LEGAL DESCRIPTION Commencing at the Northeast corner of Lot 31, EAGLE BAY SURVEY, according to the plat of said Eagle Bay Survey, as recorded in Plat Book 1, page 31, public records of Okeechobee County, Florida, run thence S 28°14'21" W along the State 17 foot contour line and the east boundary line of said Lot 31 for a distance of 140.04 feet for P.O.B. ; thence continue S 28°14'21" W for a distance of 39.23 feet; thence run S 23°27' 21" W for a distance of 112.25 feet; thence run N 88°34' 09" W parallel with the North boundary line of the aforesaid Lot 31, for a distance of 201.28 feet, more or less to a point on the Easterly right of way line of S. R. 78, thence run N 23°29' 06" E along the said Easterly right of way line of S.R. 78, for a chord distance of 150.00 feet; thence run S 88°34' 09" E for a distance of 204.74 feet to the P.O.B. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517I Agent File No. OBWA/MINCEY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide satisfactory evidence that OKEECHOBEE BEACH WATER ASSOCIATION, INC. is in existence in the State of Florida. 6 . Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to FARMERS HOME ADMINISTRATION, dated October 24, 1978, recorded October 24, 1978 in Official Records Book 223, page 220, of the Public Records of Okeechobee County, Florida, in the original principal amount of $275, 000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517I Agent File No. OBWA/MINCEY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $3.50; Tax ID# 1-17-38-35-0A00-00006-A000. 8 . Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, recorded in Deed Book 7, page 428, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, recorded in Deed Book 25, page 422, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517J Agent File No. OBWA/ROWLAND Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. , as to easement interest, ROWLAND FOUNDATION, INC. , as to fee title 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517J Agent File No. OBWA/ROWLAND LEGAL DESCRIPTION Water Main easement described in Official Records Book 128, page 379, Public Records of Okeechobee County, Florida, for the perpetual right to enter upon the real estate hereinafter described, to construct, maintain and repair underground pipelines: Commencing at the 1/4 Section corner on the South boundary of Section 25, Township 37 South, Range 35 East, run thence West along the South boundary line of said Section 25, for a distance of 124.24 feet to the Southeast corner of Unit 5, Treasure Island Subdivision, thence run North 0°04' 30" East along the East boundary line of said Unit 5, Treasure Island Subdivision for a distance of 755.97 feet, thence run East for a distance of 595.00 feet for point of beginning; thence run N 0°04' 30" East for a distance of 466.00 feet, thence run East for a distance of 10.00 feet, thence run S 0°04' 30" West for a distance of 466.00 feet; thence run West for a distance of 10.00 feet to point of beginning. Lying in and comprising a part of Section 25, Township 37 South, Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517J Agent File No. OBWA/ROWLAND SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. , as to easement interest, ROWLAND FOUNDATION, INC. , as to fee title certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517J Agent File No. OBWA/ROWLAND SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $182 .94; Tax ID# 1-25-37-35-0A00-00009-0000. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY CO fluITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517K Agent File No. OBWA/DURRANCE Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. , as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517K Agent File No. OBWA/DURRANCE LEGAL DESCRIPTION Water Main Easement as recorded in Official Records Book 103, page 223, Public Records of Okeechobee County, Florida, over the following described property: All that part of the East 10 feet of the West 40 feet of the SW 1/4 of the SE 1/4 of Section 28, Township 37 South, Range 35 East, lying South of Wolff Road. AND The East 10 feet of the West 40 feet of the West 1/2 of NE 1/4 of Section 33, Township 37 South, Range 35 East. AND Commencing at the Northwest corner of the SE 1/4 of Section 33, Township 37 South, Range 35 East, run thence North 89°32'45" East along the north boundary line of said SE 1/4 for a distance of 30.00 feet for point of beginning. Thence run due South parallel with the West boundary line of said SE 1/4 for a distance of 660.27 feet to a point; thence run North 89°38' 00" East for a distance of 29.00 feet to a point; thence run due South for a distance of 977 .87 feet to a point; thence run North 89°46' 01" East for a distance of 270.36 feet to a point; thence run South 0°00' 34" West for a distance of 983 .58 feet more or less to a point on the South boundary line of the aforesaid Section 33; thence run North 89°54' 00" East along the South boundary line of said Section 33 for a distance of 641.60 feet to a point; thence run North 0°12' 30" West for a distance of 10.00 feet to a point; thence run South 89°54' 00" West parallel with the South boundary line of said Section 33, for a distance of 631.60 feet to a point; thence run North 0°00' 34" East for a distance of 983 .58 feet to a point; thence run South 89°46' 01" West for a distance of 270.36 feet to a point; thence run due North, parallel with the West boundary line of the aforesaid SE 1/4, for a distance of 977 .88 feet to a point; thence run South 89°38' 00" West for a distance of 29.00 feet to a point; thence run due North for a distance of 655.30 feet to a point; thence run South 89°32'45" West for a distance of 10. 00 feet to point of beginning. All lying and being in Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517K Agent File No. OBWA/DURRANCE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517K Agent File No. OBWA/DURRANCE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions of that certain Agreement and Easement for Water Main as contained in the instrument, recorded in Official Records Book 103, page 223, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517L Agent File No. CITY #16 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517L Agent File No. CITY #16 LEGAL DESCRIPTION Utility Easement contained in instrument recorded in Official Records Book 315, page 1614, of the Public Records of Okeechobee County, Florida, over the following described property: A Perpetual and exclusive right of way and easement for utility purposes with full authority to enter upon, excavate, construct and maintain, together with appurtenant electrical poles, telephone poles, wires, guy wires and appurtenances, water pipes, sewer pipes, gas pipes and mains, and any other utility facilities over, under, upon and through the following described property: The East 10 feet of Lot 1, Block 17, and the East 10 feet of Lot 20, Block 17, SOUTH WEST ADDITION TO OKEECHOBEE, FLA. , according to the plat thereof, as recorded in Plat Book 2, page 7, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517L Agent File No. CITY #16 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517L Agent File No. CITY #16 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed No. 203-EDD-J, recorded in Deed Book 43, page 77, of the Public Records of Okeechobee County, Florida, which provide as follows: a) "AS TO ALL LANDS, there is reserved unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products, and title to an undivided three-fourths of all other minerals which may be found on or under said land, together with the privilege outside any municipality, this date, to explore for and to mine and develop same. Said privilege to explore, mine and develop is to be conducted on and under lands inside any municipality, this date, only with the consent of the surface owner. " b) "RESERVING unto the State of Florida easement for state road right of way two hundred (200) feet wide lying equally on each side of the center line of any state road existing on the date of this deed through so much of any parcel herein described as is within one hundred (100) feet of said center line. " 9. Utility Agreement for Sewer Service as contained in the instrument, recorded in Official Records Book 314, page 622, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. 4 Commitment No. Company File No. P9517L Agent File No. CITY #16 END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517M Agent File No. CITY #14 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517M Agent File No. CITY #14 LEGAL DESCRIPTION A non-exlusive easement for public utilities purposes in and over the alleys or alleyways in Block 214, FIRST ADDITION TO OKEECHOBEE, FLORIDA, as recorded in Plat Book 1, page 11, and Block "C" of CENTRAL PARK, as recorded in Plat Book 2, page 39, all of the Public Records of Okeechobee County, Florida, as reserved in Ordinance No. 643, recorded in Official Records Book 333, page 1793 . END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517M Agent File No. CITY #14 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517M Agent File No. CITY #14 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5 . Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7 . Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517N Agent File No. CITY #13 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER' S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows : LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517N Agent File No. CITY #13 LEGAL DESCRIPTION A non-exclusive easement for public utilities purposes in and over the alleys or alleyways in Block 187, CITY OF OKEECHOBEE, according to the plat thereof, as recorded in Plat Book 1, page 10, of the Public Records of Okeechobee County, Florida, as shown in instrument recorded in Official Records Book 334, page 813 . END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517N Agent File No. CITY #13 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517N Agent File No. CITY #13 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P95170 Agent File No. CITY #38 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517O Agent File No. CITY #38 LEGAL DESCRIPTION Utility Easement set forth in instrument recorded in Official Records Book 98, page 531, of the Public Records of Okeechobee County, Florida, over the following described property: A permanent easement and right of way, including the perpetual right to enter upon the real estate hereinafter described for the purpose of clearing, excavating, construction and maintaining undergroud utilities, including municipal sewer pipe line and municipal water pipe lines in, upon and across the following described land: The South 10 feet of the East 100 feet of the following described property: Beginning at the intersection of the South right of way of North Park Street and the West right of way of Micanopee Street for a Point of Beginning, thence run South 150 feet to the southeast corner of Block R, TOWN OF OKEECHOBEE, according to Plat Book 1, page 10, of the Public Records of Okeechobee County, Florida, thence run West 300 feet to the Southwest corner of said Block R, thence run North along the West right of way of Hiwassee Street, 150 feet to the South right of way of North Park Street, thence run East along said right of way 300 feet to Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P95170 Agent File No. CITY #38 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517O Agent File No. CITY #38 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records . 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5 . Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Easement reservation as contained in the Warranty Deed, recorded in Official Records Book 98, page 303, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517P Agent File No. CITY #25 Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517P Agent File No. CITY #25 LEGAL DESCRIPTION Easement as set forth in instrument recorded in Official Records Book 260, page 143, of the Public Records of Okeechobee County, Florida, over the following described property: A perpetual non-exclusive easement for construction, installation and maintenance of utilities, through, over, across and on the following described property: Beginning at a point on the common boundary between Lots 5 and 6, Block 18, SOUTHWEST ADDITION TO OKEECHOBEE, according to the plat thereof, as recorded in Plat Book 2, page 7, of the Public Records of Okeechobee County, Florida, said point being 117.50 feet south of the northeast corner of said Lot 6; thence south along said common boundary 12.50 feet to a point; thence west, parallel with the north boundary of Lots 6 and 7 a distance of 83.35 feet to a point lying 16.65 feet east of the common boundary of Lots 7 and 8, thence northeasterly 84.28 feet to the POB. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517P Agent File No. CITY #25 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant(s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517P Agent File No. CITY #25 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment . 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Board of Commissioners of Everglades Drainage District as contained in the Deed No. 3972, recorded in Deed Book 42, page 509, of the Public Records of Okeechobee County, Florida. 9. Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed No. 204-EDD-J, recorded in Deed Book 43, page 78, of the Public Records of Okeechobee County, Florida, which provide as follows: a) "AS TO ALL LANDS, there is reserved unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products, and title to an undivided three-fourths of all other minerals which may be found on or under said land, together with the privilege outside any municipality, this date, to explore for and to mine and develop same. Said privilege to explore, mine and develop is to be conducted on and under lands inside any municipality, this date, only with the consent of the surface owner. " b) "RESERVING unto the State of Florida easement for state road right of way two hundred (200) feet wide lying equally on each side of the center line of any state road existing on the date of this deed through so much of any parcel herein described as is within one hundred (100) feet of said center line. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 4 OMMOMM wrsM OrMAMMWO you w . .ten ��w 4110M■M ----._. - -- - Commitment No. Company File No. P9517P Agent File No. CITY #25 Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 raT. COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517Q Agent File No. CITY #4 Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF PACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517Q Agent File No. CITY #4 LEGAL DESCRIPTION Easement as set forth in Official Records Book 360, page 1378, and as re-recorded in Official Records Book , page , of the Public Records of Okeechobee County, Florida, more particularly described as follows: An easement for ingress and egress to the lands described in said easement; to install and maintain utility service across, under or through the described easement, including within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility service of any and every nature as needed by the City, or its successors in interest, for any utility service to the public; said easement described as follows: The East 7 feet of Lot 1, Block A, EVANS ADDITION, according to the plat thereof, as recorded in Plat Book 2, page 31, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517Q Agent File No. CITY #4 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of MABLE THOMAS, nor was the insured land contiguous to the homestead of said party on OCTOBER 19, 1994 . END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517Q Agent File No. CITY #4 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment . 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Board of Commissioners of Everglades Drainage District as contained in the Deed No. 6498, recorded in Official Records Book 48, page 35, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 • COMMONWEALTH LAND TITLE INSURANCE COMPANY COZ fITMEMT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517R Agent File No. CITY #5 Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517R Agent File No. CITY #5 LEGAL DESCRIPTION Easement as set forth in Official Records Book 360, page 1382, and as re-recorded in Official Records Book , page , of the Public Records of Okeechobee County, Florida, more particularly described as follows: An easement for ingress and egress to the lands described in said easement; to install and maintain utility service across, under or through the described easement, including within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility services of any and every nature as needed by the City, or its successors in interest, for any utility service to the public; said easement more particularly described as follows: The East 7 feet of Lot 1, Block B, EVANS ADDITION, according to the plat thereof, as recorded in Plat Book 2, page 31, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517R Agent File No. CITY #5 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5 . Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of ALLEN H. THOMAS, nor was the insured land contiguous to the homestead of said party on OCTOBER 19, 1994. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517R Agent File No. CITY #5 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Reservations in favor of Board of Commissioners of Everglades Drainage District as contained in the Deed No. 6498, recorded in Deed Book 48, page 35, of the Public Records of Okeechobee County, Florida. 9. Terms and Conditions as shown on that certain Grant of Easement as recorded in Official Records Book 360, Page 1382 of the public records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517S Agent File No. CITY #6 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517S Agent File No. CITY #6 LEGAL DESCRIPTION Easement as set forth in Official Records Book 360, page 1380, and as re-recorded in Official Records Book , page , of the Public Records of Okeechobee County, Florida, and more particularly described as follows: An easement for ingress and egress to the lands described in said easement; to install and maintain utility service across, under or through the described easement, within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility service of any and every nature as needed by the City, or its successors in interest, for any utility service to the public, over the following described property: The East 7 feet of Lot 8, Block A, EVANS ADDITION, according to the plat thereof, as recorded in Plat Book 2, page 31, of the Public Records of St. Lucie County, Florida. END OF LEGAL DESCRIPTION 2 . Commitment No. Company File No. P9517S Agent File No. CITY #6 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Metropolitan Morgage Co. to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 338, Page 830, to that certain Grant of Easement as recorded in Official Records Book 360, Page 1380, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517S Agent File No. CITY #6 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Reservation in favor of Board of Commissioners of Everglades Drainage District as contained in the Deed No. 6498, recorded in Deed Book 48, page 35, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COAMfITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517T Agent File No. CITY #3 Effective Date: August 8, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517T Agent File No. CITY #3 LEGAL DESCRIPTION Easement as set forth in Official Records Book 360, page 1384, and as re-recorded in Official Records Book , page , of the Public Records of Okeechobee County, Florida, more particularly described as follows: An easement for ingress and egress to the lands described in said easement, to install and maintain utility services across, under or through the described easement, including within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility service of any and every nature as needed by the City, or its successors in interest, for any utility service to the public, said easement described as follows: The East 3 feet of Lot 8, Block B, EVANS ADDITION, according to the plat thereof, as recorded in Plat Book 2, page 31, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517T Agent File No. CITY #3 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from First Federal Savings and Loan Association of Fort Pierce n/k/a Harbor Federal Savings Bank to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 212, Page 439, to that certain Grant of Easement as recorded in Official Records Book 360, Page 1384, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517T Agent File No. CITY #3 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Board of Commissioners of Everglades Drainage District as contained in the Deed No. 6498, recorded in Deed Book 48, page 35, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517U Agent File No. OBWA/WELLFIELD Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517U Agent File No. OBWA/WELLFIELD LEGAL DESCRIPTION That part of Government Lot 6, Section 30, Township 37 South, Range 35 East, Okeechobee County, Florida, lying West of the centerline of SW 34th Terrace (Oak Park Road) extended. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517U Agent File No. OBWA/WELLFIELD SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Satisfactory survey, in conformity with the minimum standards for land surveys made for title insurance purposes, certified to the Company, and/or its agent, through a current date, disclosing the nature and extent of any encroachments, overlaps, boundary line discrepancies, or other matters adversely affecting title to the property to be insured. Additional requirements and/or exceptions will be made for any appropriate matters disclosed. 6 . The Company reserves the right to make additional requirements when additional facts are disclosed by the compliance of the requirements shown on Schedule B, Section 1 herein. NOTE: Prior Fund Policy shows an encroachment on Schedule B. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517U Agent File No. OBWA/WELLFIELD SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $7.55; Tax ID# 1-30-37-35-0A00-00012-0000. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COI'flIITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517V Agent File No. CITY/TUCKER Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517V Agent File No. CITY/TUCKER LEGAL DESCRIPTION The South 1/2 of Lot 1, Block 150, CITY OF OKEECHOBEE, according to the plat thereof, as recorded in Plat Book 5, page 5, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517V Agent File No. CITY/TUCKER SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Partial Release of the insured land from that certain mortgage from VERNON TUCKER to W. ALLEN MARKHAM AND ALICE M. MARKHAM, HIS WIFE, in Official Records Book 342, page 873, of the Public Records of Okeechobee County, Florida, in the original principal amount of $62,500.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517V Agent File No. CITY/TUCKER SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $NONE; Tax ID# 3-15-37-35-0010-01500-OO1A. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 • COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517W Agent File No. CITY #28 Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 • Commitment No. Company File No. P9517W Agent File No. CITY #28 LEGAL DESCRIPTION Perpetual easement and right of way described in Official Records Book 229, page 524, Public Records of Okeechobee County, Florida, for the purpose of clearing, excavating, constructing and maintaining public utilities in, under, upon and through the following described property: The South 7.5 feet of Lot 13 and the North 7.5 feet of Lot 14, Block 12, AND the South 7.5 feet of Lot 13 and the North 7.5 feet of Lot 14, Block 21, OKEECHOBEE CITY SUBDIVISION, according to the plat thereof, as recorded in Plat Book 1, page 10, Public Records of Okeechobee County, Florida, lying and being in the NE 1/4 of Section 16, Township 37 South, Range 35 East. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517W Agent File No. CITY #28 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation, as to easement interest certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517W Agent File No. CITY #28 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed No. 20685, recorded in Deed Book 59, page 389, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517X Agent File No. OBWA/TR. A Effective Date: August 7, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517X Agent File No. OBWA/TR. A LEGAL DESCRIPTION Tract A of TREASURE ISLAND UNIT 3, according to the plat thereof, as recorded in Plat Book 3, page 38, of the Public Records of Okeechobee County, Florida, LESS AND EXCEPT the East 110 feet, West 130 feet and the North 80 feet. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517X Agent File No. OBWA/TR. A SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517X Agent File No. OBWA/TR. A SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $3.50; Tax ID# 1-25-37-35-0040-00030-020B. 8 . Perpetual easement for the construction and maintenance of its distribution system, and egress and ingress in favor of Okeechobee Beach Water Association, Inc. as contained in the Warranty Deed, recorded in Official Records Book 89, page 661, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517Y Agent File No. WATERLINE EXT Effective Date: August 16, 1995 at 8 :00 A.M. 1 . Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY, as to easement interest LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, FLORIDA, a municipal corporation existing under the laws of the State of Florida 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517Y Agent File No. WATERLINE EXT LEGAL DESCRIPTION A parcel of land lying in the SW 1/4 of Section 21, Township 37 South, Range 35 East, Okeechobee County, Florida, and being more particularly described as follows: Commence at the Southeast corner of Block 8, of the Plat of OKEECHOBEE HEIGHTS, as recorded in Plat Book 1, page 12, of the Public Records of Okeechobee County, Florida; thence South 89°30' 53" East, along the North right-of-way line of SW 15th Street, formerly Old Dixie Highway, a distance of 25.00 feet to the Point of Beginning; thence North 00°42'24" East along a line 25.00 feet East of and parallel with the West right-of-way line of SW 10th Avenue, a distance of 1088 .34 feet; thence South 89°19' 59" East along the easterly extension of the North line of Block 1 of said Plat of OKEECHOBEE HEIGHTS, a distance of 30.00 feet; thence South 00°42'24" West along a line 55.00 feet East of and parallel with said West right-of-way line of SW 10th Avenue, a distance of 1088 .24 feet; thence North 89°30' 53" West along said North right-of-way line of SW 15th Street, a distance of 30.00 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517Y Agent File No. WATERLINE EXT SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Easement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5 . Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of Wardell E. Rogers, Dorette Rogers, Jack W. Rogers and Ethel D. Rogers, nor was the insured land contiguous to the homestead of said party on December 14, 1954. 6 . Corrective Warranty Deed from Frank Altobello and Ethel M. Altobello, his wife and Mildred Francis Altobello, a single person or joined by spouse if married to City of Okeechobee, Florida, a municipal corporation existing under the laws of State of Florida. Said corrective instrument is necessary to correct that certain Warranty Deed recorded in Official Records Book 351, page 618, of the Public Records of Okeechobee County, Florida, wherein Mildred Francis Altobello conveyed the described property without joinder of spouse or homestead clause. . END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517Y Agent File No. WATERLINE EXT SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: 1994 Real Property Taxes in the gross amount of $1, 925.83 are PAID. Homestead Exemption? YES Tax ID No. 2-21-37-35-0A00-00044-0000 (This tax ID# covers more land than the legal to be insured. ) 8 . Restrictions, covenants and conditions as contained in the Warranty Deed recorded December 30, 1993 in Official Records Book 351, page 618, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517Z Agent File No. OUA#37/CRABILL'S Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517Z Agent File No. OUA#37/CRABILL'S LEGAL DESCRIPTION Utility Easement set forth in instrument recorded in Official Records Book 98, page 533, more particularly described as follows: A Permanent easement and right of way, including the perpetual right to enter upon the real estate hereinafter described for the purpose of clearing, excavating, construction and maintaining underground utilities, including municipal sewer pipe line and municipal water pipe lines in, upon and across the following described property: The South 10 feet of the West 200 feet of the following described property: Beginning at the intersection of the South Right of Way of North Park Street and the West right of way of Micanopee Street for a Point of Beginning, thence run South 150 feet to the Southeast corner of Block R, Town of Okeechobee, according to Plat Book 1, page 10, public records of Okeechobee County, Thence run West 300 feet to the Southwest corner of said Block R, thence run North along the West right of way of Hiwassee Street, 150 feet to the South right of way of North Park Street, thence run East along said right of way 300 feet to Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517Z Agent File No. OUA#37/CRABILL'S SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from City of Okeechobee, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517Z Agent File No. OUA#37/CRABILL'S SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517AA Agent File No. OKEE DEV CORP Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. (As to an easement interest) 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 'Commitment No. Company File No. P9517AA Agent File No. OKEE DEV CORP LEGAL DESCRIPTION Perpetual Easement for the construction and maintenance of its distribution system, and egress and ingress as set forth in instrument recorded in Official Records Book 89, page 661, of the Public Records of Okeechobee County, Florida, more particularly described as follows: FOR A POINT OF BEGINNING, commence at the SW corner of the Canal shown on the plat of Treasure Island Unit No. 3, according to the plat thereof recorded in Plat Book 3, page 38, public records of Okeechobee County, Florida, and proceed in a Southerly direction along a line parallel to the West Boundary of Tract A of said subdivision a distance of 80 feet to a point; thence proceed in an Easterly direction along a line parallel to the Southern Boundary of said aforementioned Canal for a distance of 65 feet, more or less, to its intersection with the Western Boundary of the property owned by H.K. MINCEY, et ux; thence proceed in a Northerly direction in a straight line to the SE Corner of said aforementioned canal; thence proceed along the Southern Boundary of said aforementioned Canal to the POINT OF BEGINNING. (This property is Fee Simple and is not being conveyed) COMMENCE at the SW corner of the property described above, and proceed in a straight line in a Southerly direction to a point on the North Boundary of U.S. Highway 441; thence proceed in a Southeasterly direction along the Northern Boundary of said Highway a distance of 15 feet; thence proceed in a Northerly direction along a line parallel to the West Boundary of the property included in this easement to a point on the South Boundary of the Property conveyed in fee simple above; thence proceed in a Westerly direction along the South Boundary of the property conveyed above in fee simple to the POINT OF BEGINNING. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517AA Agent File No. OKEE DEV CORP SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517AA Agent File No. OKEE DEV CORP SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517BB Agent File No. #1 OLD WASTE TR Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY, as to easement interest LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned:_ Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517BB Agent File No. #1 OLD WASTE TR LEGAL DESCRIPTION From the Southwest Corner of Government Lot 6 Section 22, Township 37 South, Range 35 East, run thence North along West boundary line of Government Lot 6, a distance of 354.3 feet for point of beginning; thence North along West boundary of said Government Lot 6, a distance of 940.0 feet more or less, to a point on the South Right of Way Line of Fifth Avenue; thence East along extended South Right of Way Line of Fifth Avenue, a distance of 30 feet; thence South parallel to West boundary line of said Government Lot 6, a distance of 940 feet; thence West 30 feet to the point of beginning. All in Government Lot 6, Section 22, Township 37 South, Range 35 East. Note: This legal appears to be a road right of way and not the old wastwater treatment plant. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517BB Agent File No. #1 OLD WASTE TR SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Easement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant(s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517BB Agent File No. #1 OLD WASTE TR SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $This parcel not being taxed or assessed. ; Tax ID# n/a. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLR INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517CC Agent File No. #2 groundwater Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corportion 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517CC Agent File No. #2 groundwater LEGAL DESCRIPTION OKEECHOBEE UTILITY AUTHORITY PROPERTY - GROUND WATER TREATMENT PLANT (GWTP) A parcel of land lying in Section 15, Township 37 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commence at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 15, thence S 89°22' 53" W along the North boundary line of the NW 1/4 of the NE 1/4 of Section 15, a distance of 97.45 feet to the Point of Beginning; Thence continue S 89°23' 09" W along said North boundary line of the NW 1/4 of the NE 1/4 of Section 15, a distance of 1246.01 feet to the North 1/4 corner of Section 15; Thence S 89°23' 09" W along the North boundary line of the NW 1/4 of said Section 15, a distance of 1415.49 feet; Thence continue S 89°23' 09" W along said North boundary line a distance of 386 .89 feet to the intersection with the Easterly line of the Taylor Creek Watershed Easement, according to the Plat thereof recorded in Plat Book 3, page 26, of the Public Records of Okeechobee County, Florida; Thence S 31°33' 02" W along said easterly Taylor Creek Easement line, a distance of 50.86 feet to the beginning of a curve to the left in said easement line, said curve being concave to the East, having a radius of 190.00 feet and a central angle of 59°04'50"; Thence Southerly along the arc of said curve, a distance of 195.92 feet to the end of said curve; Thence S 27°31'48" E, continuing along said Easterly easement line, a distance of 209.86 feet; Thence N 89°23' 09" E, parallel with the aforesaid North boundary line of the NW 1/4 of Section 15, a distance of 327.54 feet; Thence S 00°36'51" E, perpendicular to the preceding course, a distance of 232.67 feet; Thence N 89°23'09" E, perpendicular to the preceding course, a distance of 513 .00 feet; Thence N 00°36'51" W, perpendicular to the preceding course, a distance of 400.00 feet; Thence N 89°23' 09" E, parallel with and 250.00 feet south of (as measured at right angles to) the aforesaid North Boundary line of the NW 1/4 of Section 15, a distance of 902.49 feet; Thence N 89°22' 53" E, parallel with and 250.00 feet south of (as measured at right angles to the North boundary line of the NW 1/4 of the NE 1/4 of said Section 15) a distance of 1244.51 feet; 2 Commitment No. Company File No. P9517CC Agent File No. #2 groundwater Thence N 00°16'18" W, a distance of 250.00 feet to the intersection with said North boundary line of the NW 1/4 of the NE 1/4 of Section 15 and the Point of Beginning. UTILITY EASEMENT An easement 20.00 feet in width, for the installation, maintenance, repair and replacement of utilities in, over, under, upon and across all that certain land lying in the West 1/2 of the NE 1/4 of Section 15, Township 37 South, Range 35 East, Okeechobee County, Florida. Being more particularly described as follows: Commence at the northeast corner of the NW 1/4 of the NE 1/4 of said Section 15, thence S 00°16' 18" E along the East boundary line of the West 1/2 of the NE 1/4 of Section 15, a distance of 230.00 feet to the Point of Beginning; Thence continue S 00°16' 18" E along said East boundary line, a distance of 1436.72 feet to the intersection with the westerly extension of the South line of the NE 12th Street right of way (40 feet wide) ; Thence S 89°43'42" W, perpendicular to the preceding course, a distance of 20.00 feet; Thence N 00°16' 18" W, parallel with the aforesaid East boundary line of the West 1/2 of the NE 1/4 of Section 15, a distance of 1416.59 feet; Thence S 89°22'53" W, a distance of 77.45 feet; Thence N 00°16' 18" W, a distance of 20.00 feet; Thence N 89°22' 53" E, a distance of 97.45 feet to the Point of Beginning. OKEECHOBEE UTILITY AUTHORITY G.W.T.P. INGRESS AND EGRESS EASEMENT An easement, 70.00 feet in width, for ingress and egress purposes lying in Section 15, Township 37 South, Range 35 East, Okeechobee County, Florida; said easement lies 35.00 feet on each side of the following described centerline with the sidelines of said easement extending or contracting as necessary to intersect a line that bears N 00°35' 11" W on the east end of said easement and intersect a line that bears N 89°23' 09" E on the north end of said easement; Commence at the Northeast corner of the NW 1/4 of the NE 1/4 of said Section 15, thence S 00°35'11" E along the east boundary line of said NW 1/4 of the NE 1/4, a distance of 1646 .67 feet to the intersection with the centerline of the N.E. 12th Street right of way (40 feet wide) for the Point of Beginning of aforesaid easement centerline; Thence along the aforesaid easement centerline which generally follows the center of an existing 20 +/- feet wide shell rock access road, the following courses: Thence S 89°20'27" W, a distance of 76.95 feet to the beginning of a curve to the left, said curve having a radius of 119.88 feet and a central angle of 17°29'40"; Thence Southwesterly along the arc of said curve, a distance of 36.60 feet to the beginning of a reverse curve to the right, said curve having a radius of 280.32 feet and a central angle of 09°49'50"; Thence Southwesterly along the arc of said curve, a distance of 48.10 feet to the end of said curve; 3 Commitment No. Company File No. P9517CC Agent File No. #2 groundwater Thence S 81°40' 37" W, a distance of 105.92 feet to the beginning of a curve to the right, said curve having a radius of 358.91 feet and a central angle of 16°29' 08"; Thence Westerly along the arc of said curve, a distance of 103.27 feet to the beginning of a reverse curve to the left, said curve having a radius of 600.00 feet and a central angle of 10°25'21"; Thence Westerly along the arc of said curve, a distance of 109.14 feet to the beginning of a reverse curve to the right, said curve having a radius of 405.89 feet and a central angle of 13°45'26"; Thence Westerly along the arc of said curve, a distance of 97.46 feet to the end of said curve; Thence N 78°29' 34" W, a distance of 150.18 feet; Thence N 82°06' 36" W, a distance of 132.08 feet; Thence N 87°46' 14" W, a distance of 100.15 feet to the beginning of a curve to the right, said curve having a radius of 130.67 feet and a central angle of 57°40' 05" ; Thence Northwesterly along the arc of said curve, a distance of 131.51 feet to the beginning of a compound curve to the right, said curve having a radius of 575.03 feet and a central angle of 18°31'29" ; Thence Northwesterly along the arc of said curve, a distance of 185.92 feet to the beginning of a reverse curve to the left, said curve having a radius of 314.80 feet and a central angle of 21°13' 59" ; Thence Northwesterly along the arc of said curve, a distance of 116.66 feet to the beginning of a compound curve to the left, said curve having a radius of 122.50 feet and a central angle of 36°15'46"; Thence Northwesterly along the arc of said curve, a distance of 77.53 feet to the intersection with a non-tangent line; Thence N 84°33'23" W along said non-tangent line, a distance of 198.47 feet; Thence S 85°35' 11" W, a distance of 975.07 feet to the beginning of a curve to the right, said curve having a radius of 294.17 feet and a central angle of 93°47'56"; Thence Westerly, Northwesterly and Northerly along the arc of said curve, a distance of 481.58 feet to the end of said curve; Thence N 00°36' 53" W, a distance of 308.23 feet to the end of aforesaid easement centerline. END OF LEGAL DESCRIPTION 4 Commitment No. Company File No. P9517CC Agent File No. #2 groundwater SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from CITY OF OKEECHOBEE, a municipal corportion to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by CITY OF OKEECHOBEE, a municipal corportion certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 5 Commitment No. Company File No. P9517CC Agent File No. #2 groundwater SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. The nature, extent, or existence of riparian rights are not insured. 9. The right, title, or interest, if any, of the public to use any part of the land seaward and/or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 10. Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. NOTE: Gross amount of 1994 taxes were $NONE (exempt) ; Tax ID# 2-15-37-35-0A00-00002-0000. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 6 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517DD Agent File No. OBWA LOT 31 Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517DD Agent File No. OBWA LOT 31 LEGAL DESCRIPTION All that part of the South 100 feet of the North 125 feet of Lot 31, Eagle Bay Survey, according to the Plat thereof recorded in Plat Book 1, Page 31, public records of Okeechobee County, Florida, lying Easterly of S.R. 78. Lying in and comprising a part of Section 17, Township 38 South, Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517DD Agent File No. OBWA LOT 31 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to FARMERS HOME ADMINISTRATION, dated October 24, 1978, recorded October 24, 1978 in Official Records Book 223, page 229, of the Public Records of Okeechobee County, Florida, in the original principal amount of $$275, 000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517DD Agent File No. OBWA LOT 31 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Note: Gross Amount of 1994 taxes were $56.93; Tax ID # 1-17-38-35-0A00-00007-0000 8 . Oil, Gas and Minerals Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, in Deed Book 7, page 428, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. Oil, Gas and Minerals Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, in Deed Book 25, page 422, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 10. The nature, extent, or existence of riparian rights are not insured. 11. The right, title, or interest, if any, of the public to use any part of the land seaward and/or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 4 Commitment No. Company File No. P9517DD Agent File No. OBWA LOT 31 12. Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517EE Agent File No. OBWA OFFICE SITE Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517EE Agent File No. OBWA OFFICE SITE LEGAL DESCRIPTION All that part of the North Twenty-Five (25) feet of Lot 31, Eagle Bay Survey, lying east of the east R/W line of State Road No. 78, in Section 17, township 38 South, Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517EE Agent File No. OBWA OFFICE SITE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to Farmers Home Administration, dated October 13, 1967 in Official Records Book 104, page 527, of the Public Records of Okeechobee County, Florida, in the original principal amount of $$60, 000.00. 6 . Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to Farmers Home Administration, dated October 24, 1978 in Official Records Book 223, page 220, of the Public Records of Okeechobee County, Florida, in the original principal amount of $$275, 000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517EE Agent File No. OBWA OFFICE SITE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Note: Gross amount of 1994 taxes were $56.93; Tax ID # 1-17-38-35-0A00-00007-0000 8 . Oil, Gas and Mineral Reservations in favor of Trustees of Internal Improvement Fund, as contained in Deed, in Deed Book 7, page 428, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. Oil, Gas and Mineral Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, in Deed Book 25, page 422, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 10. The nature, extent, or existence of riparian rights are not insured. 11. The right, title, or interest, if any, of the public to use any part of the land seaward and/or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 4 Commitment No. Company File No. P9517EE Agent File No. OBWA OFFICE SITE 12 . Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517FF Agent File No. JACOBSON_(9/17) Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. as to Easement Interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 . Commitment No. Company File No. P9517FF Agent File No. JACOBSON_(9/17) LEGAL DESCRIPTION Utility Easement as recorded in Official Records Book 130, Page 875 and also recorded in Official Records Book 143, Page 431 of the public records of Okeechobee County, Florida, more particularly described as follows: A perpetual easement and right of way for the purpose of clearing, excavating, construction and maintaining a water line utility in, upon and across a strip of land (5) feet in width lying east of and parallel to the following described line: Begin at a point 125.01 feet North 89 degrees 17' 56" from the NW corner of Government Lot 1, Section 34, Township 37 South, Range 35 East, and run South 0 degrees 00' 54" East for a distance of 50 feet and the Point of Beginning; thence continue South 0 degrees 00' 54" East for a distance of 775.63 feet to a point on the North Right of Way of State Road 15, Lying in and comprising a part of Government Lot 1, Section 34, Township 37 South Range 35 East and a part of marginal lands lying in the E1/2 of SE1/4 of the unsurveyed portion of the aforesaid Section 34, township 37 South Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517FF Agent File No. JACOBSON_(9/17) SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5 . Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of S. Monroe Rogers, nor was the insured land contiguous to the homestead of said party on September 20, 1956. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517FF Agent File No. JACOBSON_(9/17) SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Dedication by Richard S Jacobson recorded September 17, 1971 in Official Records Book 130, Page 871 public records of Okeechobee County, Florida. 9. Utility Easement in favor of Florida Power and Light Co. recored September 17, 1971 in Official Records Book 130, Page 873 public records of Okeechobee County, Florida. 10. Utility Easement in favor of Okeechobee Beach Water Association Inc. contained in instrument dated September 17, 1971 in Official Records Book 130, Page 875, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517GG Agent File No. JACOBSON 10/30 Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. as to a easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE S AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517GG Agent File No. JACOBSON 10/30 LEGAL DESCRIPTION A Utility Easement as recorded in Official Records Book 143, Page 431 of the public records of Okeechobee County, Florida, more particularly described as follows: A perpetual easement and right of way for the purpose of clearing, excavating, constructing and maintaining a water line utility in, upon and across a strip of land ten (10) feet in width lying east of and parallel to the following described line: Begin at a point 125.01 feet North 89 degrees 17' 56" East from the NW corner of Government Lot 1, Section 34, Township 37 South, Range 35 East, and run South 0 degrees 00' 54" East for a distance of 50 feet and the Point of Beginning; thence continue South 0 degrees 00' 54" East for a distance of 775.63 feet to apoint on the Right of Way of State Road 15, lying and comprising a part of Government Lot 1, Section 34, Township 37 South Range 34 East and a part of marginal lands lying in the E1/2 of SE1/4 of the unsurveyed portion of the aforesaid Section 34, Township 37 South Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 _ — Commitment No. Company File No. P9517GG Agent File No. JACOBSON 10/30 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of S. Monroe Rogers, nor was the insured land contiguous to the homestead of said party on September 20, 1956 . END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517GG Agent File No. JACOBSON 10/30 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Dedication by Richard S Jacobson recorded September 17, 1971 in Official Records Book 130, Page 871 of the public records of Okeechobee County, Florida. 9. Utility Easement in favor of Florida Power and Light contained in instrument dated September 17, 1971 in Official Records Book 130, page 873, of the Public Records of Okeechobee County, Florida. 10. Utility Easement in favor of Okeechobee Beach Water Association Inc contained in instrument dated September 17, 1971 in Official Records Book 130, page 875, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517HH Agent File No. WALPOLE-SEMINOLE Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517HH Agent File No. WALPOLE-SEMINOLE LEGAL DESCRIPTION Utility Easement as recorded April 14, 1993 in Official Records Book 344, Page 87, public records of Okeechobee County, Florida, more particulary described as follows: A perpetual non-exclusive easement for the purpose of installing necesary sewer or drainage lines, including the right to maintain and repair all of said sewer and drainage lines, across, through and under the land in Okeechobee County, Florida more particularly described as follows: An Easement for underground sanitary sewer, being the North 5.00 feet of Block 47 and the North 5.00 feet of Lots 7 through 16, incl. , of Block 48 and the North 5.00 feet of that part of the now abandoned R/W of N.W. 3rd Ave. , (Miamee St.) lying between said Blocks 47 and Block 48, all being in Okeechobee, according to the plat thereof recorded in Plat Book 5, Page 5 of the public records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517HH Agent File No. WALPOLE-SEMINOLE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of Jean Barber Godwin f/k/a Jean Barber, nor was the insured land contiguous to the homestead of said party on November 1st, 1983 . 6 . Subordination Agreement from Sun/Bank/MID Florida, National Association to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 343, Page 1217, to that Utility Easement as recorded in Official Records Book 344, Page 87, of the Public Records of Okeechobee County, Florida. 7. Provide satisfactory evidence that Seminole Land Co. was in existence in the State of Florida on October 2, 1992 and April 14, 1993. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517HH Agent File No. WALPOLE-SEMINOLE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, dated June 13, 1945 in Deed Book 42, page 176, of the Public Records of Okeechobee County, Florida, which provide as follows: a) "AS TO ALL LANDS, there is reserved unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products, and title to an undivided three-fourths of all other minerals which may be found on or under said land, together with the privilege outside any municipality, this date, to explore for and to mine and develop same. Said privilege to explore, mine and develop is to be conducted on and under lands inside any municipality, this date, only with the consent of the surface owner. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. b) "RESERVING unto the State of Florida easement for state road right of way two hundred (200) feet wide lying equally on each side of the center line of any state road existing on the date of this deed through so much of any parcel herein described as is within one hundred (100) feet of said center line. " Said reservation(s) have been modified by the instrument(s) recorded in Official Records Book Book 260, page 538, of said Public Records. 4 Commitment No. Company File No. P9517HH Agent File No. WALPOLE-SEMINOLE 9. Reservations in favor of Trustees of the Internal Improvement Fund, as contained in Deed, dated February 10, 1945 in Deed Book 41, page 399, of the Public Records of Okeechobee County, Florida, which provide as follows: a) "AS TO LANDS IN TRACTS OR COMPOSITE TRACTS AGGREGATING TEN (10) ACRES OR MORE: RESERVING unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products and title to an undivided three-fourths of all other minerals which may be found on or under the said land, together with the right to explore for and to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. b) "RESERVING unto the State of Florida easement for state road right of way two hundred (200) feet wide lying equally on each side of the center line of any state road existing on the date of this deed through so much of any parcel herein described as is within one hundred (100) feet of said center line. " Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517II Agent File No. HAMRICK 2/16 Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517II Agent File No. HAMRICK 2/16 LEGAL DESCRIPTION Utility Easement dated February 16, 1962 in Official Records Book 58, Page 595 of the public records of Okeechobee County, Florida, more particularly described as follows: A perpetual easement and right of way for the purpose of clearing, excavating, construction and maintaining a municipal water main in, upon and across the following described land: From the Northwest Corner of Block 70, Okeechobee, according to the plat thereof recorded in Plat Book 2, Page 17, public records of Okeechobee County, Florida; thence run North a distance of 40 feet to the Point of Beginning; thence West a distance of 50 feet to the East Right of Way line of the Seaboard Railroad Spur Tract; thence North along said East boundary a distance of 20 feet; thence East a distance of 50 feet; thence South 20 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517II Agent File No. HAMRICK 2/16 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors . 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Clerks Affidavit from the Clerk of the Circuit Court of St. Lucie County, Florida stating that there is no Plat Named Okeechobee Subdivision recorded in Plat Book 2, Page 17 in the Public Records of St. Lucie County, Florida, said Affidavit must be recorded in the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517II Agent File No. HAMRICK 2/16 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSUR.ANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517JJ Agent File No. HAMRICK 1/14 Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517JJ Agent File No. HAMRICK 1/14 LEGAL DESCRIPTION Utility Easement dated January 14, 1959 recorded in Official Records Book 28, Page 375 in the public records of Okeechobee County, Florida more particularly described as follows: A perpetual easement and right of way for the purpose of clearing, excavating, construction and maintaining a municipal sewer pipe line in, upon and across the following described land; From the Southeast corner of Lot N in Block 252, according to the plat thereof recorded in Plat Book 2, Page 4, Okeechobee County, Florida public records, thence run North and parallel to the west boundary of Lots 0, P, Q and R in said Block 252 to a point on the North boundary of Lot R in said Block 252 for a Point of Beginning; thence run Northeasterly to the Southeast corner of an unnamed Block, said Block being shown as Block K of Flagler Park according to the Plat thereof recorded in Plat Book 1, Page 10, Okeechobee County, Florida public records; thence run East along the South boundary of Block K, if projected, a distance of 30 feet; thence Southwesterly, to a point on the North boundary of Lot R in Block 252 aforesaid, said point being 30 feet East of the Point of Beginning; thence run West to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517JJ Agent File No. HAMRICK 1/14 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation, as to easement interest to OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) . 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517JJ Agent File No. HAMRICK 1/14 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions as shown on that certain Utility Easement as recorded in Official Records Book 28, Page 375 of the public records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COZ FITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517KK Agent File No. HAMRICK 12/6 Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517KK Agent File No. HAMRICK 12/6 LEGAL DESCRIPTION Utility Easement dated December 6, 1966, recorded in Official Records Book 98, Page 535 of the public records of Okeechobee County, Florida more particularly described as follows: A permanent easement and right of way; including the perpetual right to enter upon the real estate hereinafter described for the purpose of clearing, excavating, construction and maintaining underground utilities including municipal sewer pipe line and municipal water pipe lines in, upon and across the following described lands: From the SE corner of Lot N of Block 252 according to the plat thereof recorded in Plat Book 2, Page 4, Okeechobee County, Florida public records, thence run North and parallel to the west boundary of lots 0, P, Q, and R in said Block 252, to a point on the north boundary of Lot R in said Block 252, for the point of beginning, thence run west along the north boundary of said Lot R to the NW corner thereof, thence run north a distance of 10 feet, thence run east and parallel to the north boundary of said Lot R a distance of 242 feet more or less to the west boundary of a utility easement previously granted by the Grantors herein to the Grantee herein dated January 1959, thence Southwesterly a distance of 10 feet More or less to the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517KK Agent File No. HAMRICK 12/6 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517KK Agent File No. HAMRICK 12/6 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517LL Agent File No. ATTAWAY LUMBER Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517LL Agent File No. ATTAWAY LUMBER LEGAL DESCRIPTION Easement dated July 17, 1978 recorded in Official Records Book 218, Page 469 in the public records of Okeechobee County, Florida, more particularly described as follows: A perpetual non-exclusive easement for the installation of public utilities including the right to operate, maintain and repair same over, across, through and under the lands in Okeechobee County, Florida, more particularly described as follows: The Northerly 10 feet and the Easterly 10 feet of the North 100 feet of Cherokee Street (now North 3rd Avenue) lying between the South right-of-way of 14th Street (now North 8th Street) and Hale Avenue (now North 7th Street) as said street appears in the plat of Town of Okeechobee, recorded in Plat Book 1, Page 10, public records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517LL Agent File No. ATTAWAY LUMBER SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517LL Agent File No. ATTAWAY LUMBER SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COIdMITHENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517MM Agent File No. JAMES ATTAWAY Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517MM Agent File No. JAMES ATTAWAY LEGAL DESCRIPTION Grant of Easement dated December 22, 1993, recorded in Official Records Book 351, Page 796 in public records of Okeechobee County, Florida, more particularly described as follows: Easement for ingress and egress; to install and maintain utility service across, under or through the described easement, including within the right granted to include a utility corridor, for the construction, placement or other installation of utility service as needed by the City, or its successors in interest, for any utility; said easement more particularly described as follows: A certain portion of the closed street or alleyway adjacent to Block 55, and lots 11 & 12 thereof, City of Okeechobee, more particularly described as a strip of land twenty (20) feet in width from east to west, by one hundred (100) feet in length from north to south, within that closed street or alleyway between N.E. 7th street, and N.E. 8th street, City of Okeechobee, Florida, just to the west and adjacent to lots 11 & 12, Block 55. This easement, for clarification, would commence at the N.W. corner of lot 11, and extend out a distance of 20 feet to the west, and run south 100 feet, then back east a distance of 20 feet to the western boundary line of lot 13. END OF LEGAL DESCRIPTION 2 ....... Commitment No. Company File No. P9517MM Agent File No. JAMES ATTAWAY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Ralph R. Clark and Marjorie S. Clark, his wife to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 299, Page 834, and those certain Extension Agreements recorded in Official Records Book 305, Page 1586, Official Records Book 317, Page 623 and that certain Subordination Agreement recorded in Official Records Book 317, Page 626 of the Public Records of Okeechobee County, Florida to that certain Grant of Easement as recorded in Official Records Book 351, Page 796 of the Public Records of Okeechobee County, Florida. 6. Subordination Agreement from Big Lake National Bank to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 317, Page 628, as modified in Official Records Book 322, Page 1998, Official Records Book 346, Page 114 and Official Records Book 356, Page 1223, Notice of Future Advances recorded in Official Records Book 356, Page 1225 and Mortgage and Note Extension Agreement recorded in Official Records Book 367, Page 1564, to that certain Grant of Easement as recorded in Official Records Book 351, Page 796 of the public records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517MM Agent File No. JAMES ATTAWAY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Easement in favor of the City of Okeechobee dated July 17, 1978, recorded in Official Records Book 218, Page 469 in public records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517NN Agent File No. KINGS BAY Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: Kings Bay Water Company 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517NN Agent File No. KINGS BAY LEGAL DESCRIPTION Parcel E: (Water Plant) A portion of Block 2, Plat of Consolidated Farm Lands, according to the plat thereof as recorded in Plat Book 1, Page 5, Public Records of Okeechobee County, Florida, and also being shown on the Plat of Great Lakes Sub-division, Plat Book 1, Pages 36 through 45, inclusive, Public Records of Okeechobee County, Florida; and being more particularly described as follows: Commencing at the intersection of the Easterly Right-of-Way Line of Canal No. 1, according to the Plat of said Consolidated Farm Lands and the North Line of Block 2, Great Lakes Sub-division as recorded in Plat Book 1, Pages 36 through 45, inclusive, Public records of Okeechobee County, Florida, thence run North 31 degrees 19' 03" East along said Easterly Right-of-Way Line of Canal No. 1, a distance of 2005.75 feet; thence run South 56 degrees 38' 56" East, a distance of 2902.94 feet to the Point of Beginning; thence run South 33 degrees 21' 04" West, a distance of 295.16 feet; thence run South 56 degrees 38' 56" East, a distance of 295.16 feet; thence run North 33 degrees 21' 04" East, a distance of 295.16 feet; thence run North 56 degrees 38' 56" West, a distance of 295.16 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517NN Agent File No. KINGS BAY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from Kings Bay Water Company to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by Kings Bay Water Company certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide satisfactory evidence that Kings Bay Water Company was in existence in the State of Florida on May 15, 1992 and the date of closing. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517NN Agent File No. KINGS BAY SCSEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $3.63; Tax ID# 1-31-37-36-0A00-00002-E000. 8 . Reservations in favor of Everglades Drainage District, as contained in instrument, dated December 21, 1945 in Deed Book 43, page 319, of the Public Records of Okeechobee County, Florida. 9. Reservations in favor of Trustees of the Internal Improvement Fund, as contained in instrument, in Deed Book 14, page 453, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations hasbeen released by Section 270.11 F.S. 10. Restrictions, covenants, conditions and easements as contained on the Plat of Great Lakes, recorded in Plat Book 1, page 45, of the Public Records of Okeechobee County, Florida. 11. Restrictions, covenants, conditions and easements as contained on the Plat of North Shore Levee, recorded in Plat Book 2, page 83, of the Public Records of Okeechobee County, Florida. 12. Notice of Claim as to oil and Mineral interests recorded in Official Records Book 174, Page 205, public records of Okeechobee County, Florida. 4 Commitment No. Company File No. P9517NN Agent File No. KINGS BAY 13 . Easements for Canals in favor of the United States of America as recorded in Deed Book 32, Page 255, public records of Okeechobee County, Florida Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY CODfITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P951700 Agent File No. SPEAKS Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P951700 Agent File No. SPEAKS LEGAL DESCRIPTION Grant of Easement as recorded in Official Records Book 275, Page 1222 of the Public Records of Okeechobee County, Florida, more particularly described as follows: A perpetual non-exclusive easement and full and free right and liberty for the construction, installation, and maintenance of water and/or wastewater lines through, over, across, and on the following lands, more particularly described as follows: The South 7.5 feet of Lot 3, Block 161, Okeechobee, according to the Plat thereof on file in the Office of the Clerk of the Circuit Court in and for Okeechobee County, Florida recorded in Plat Book 5, page 5, said lands situate, lying and being in Okeechobee County, Florida. END OF LEGAL DESCRIPTION • 2 Commitment No. Company File No. P951700 Agent File No. SPEAKS SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5 . Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of Linden Lineberry A/K/A Roby Linden Lineberry, nor was the insured land contiguous to the homestead of said party on November 30, 1983 . END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517OO Agent File No. SPEAKS SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment . 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Note: Taxes for the year 1994 are shown as paid, Tax# 3-15-37-35-0010-01610-0010. 8 . Easement in favor of Florida Power & light Company, dated September 5, 1989 and recorded in Official Records Book 310, Page 1426 Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517PP Agent File No. DURRANCE Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517PP Agent File No. DURRANCE LEGAL DESCRIPTION Easement dated September 12, 1978, recorded in Official Records Book 221, Page 457 of the public records of Okeechobee County, Florida, more particularly described as follows : A perpetual non-exclusive easement for the maintenance and installation of a six (6) inch water line, including the right to operate, maintain, and repair the said waterline including valves and fittings over, across, through and under the lands in Okeechobee County, Florida, more particularly described as follows: An easement Ten (10) feet in width being Five (5) feet on either side of following described center line: Commencing at the SW Section corner of Section 33, Township 37 South, Range 35 East, Okeechobee County, Florida; thence continue North 00 degrees 11' 58" West along the West Section line 2604.88 feet to a point; thence North 89 degrees 34' 58" East 70.00 feet to a point; thence South 00 degrees 11' 37" East 688 .00 feet to a point; thence North 89 degrees 34' 58" East 2556.18 feet to a point; thence North 00 degrees 01' 10" East 760.00 feet to the Point of Beginning; thence North 89 degrees 34' 58" East a distance of 33 feet to a point and to the end of said easement. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517PP Agent File No. DURRANCE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by co certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517PP Agent File No. DURRANCE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 Commitment No. Company File No. P9517QQ Agent File No. OKEE SCHOOL BD LEGAL DESCRIPTION Grant of Easement dated February 21st, 1984, recorded in Official Records Book 260, Page 222 public records of Okeechobee County, Florida, more particularly described as follows: A perpetual exclusive easement and full and free right and liberty for the construction, installation and maintenance of a waste water lift station, sewer lines, and other materials or supplies necessary for the operation of a sewage system, above and below ground through, over, across, and on the following lands more particularly described as follows: Commence at the Southeast corner of the NE 1/4 of Section 9, Township 37 South, Range 35 East, Okeechobee County, Florida; thence South 89 degrees 44'43" West along the Southerly boundary of said Northeast 1/4 a distance of 301.66 feet to the Point of Beginning; thence continue South 89 degrees 44'43" West along said Southerly boundary line a distance of 50.00 feet to the Easterly Right-of-Way line of S.R. 15 (U.S. 441) ; thence North 00 degrees 08' 04" West along said Easterly Right-of-Way line a distance of 25.00 feet to a point; thence North 89 degrees 44'43" East a distance of 50.00 feet to a point; thence South 00 degrees 08' 04" East a distance of 25.00 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 M. Commitment No. Company File No. P9517QQ Agent File No. OKEE SCHOOL BD SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517QQ Agent File No. OKEE SCHOOL BD SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservation in favor of Hamrick & Sons Inc. dated September 10th, 1964, as shown in that certain Warranty Deed recorded in Official Records Book 86, Page 107 and rerecorded in Official Records Book 86, Page 311 of the public records of Okeechobee County, Florida. 9. Reservations in favor of Hamrick & Sons Inc. as shown in that certain Warranty Deed recorded in Official Records Book 88, Page 687 of the public records of Okeechobee County, Florida. 10. Oil, Gas and Mineral Lease in favor of Amoco Production Company recorded in Official Records Book 130, Page 327 of the public records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COIQKITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517RR Agent File No. HOSPITAL CORP Effective Date: August 16, 1995 at 8: 00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517RR Agent File No. HOSPITAL CORP LEGAL DESCRIPTION Easement dated July 24, 1978 and recorded in Official Records Book 220, Page 279 of the public records of Okeechobee County, Florida more particularly described as follows: A perpetual non-exclusive easement for the maintenance and installation of utilities including the right to operate, maintain and repair the existing and future water lines, valves, meters and fittings up to the outlet side of the meters over, across, through and under the lands more particularly described as follows: Lying in and comprising a part of Sections 9 and 10, Township 37 South, Range 35 East, Okeechobee County, Florida, and being more particularly described as follows: Parcel I : Commence at the Southeast corner of said Section 9, bear North along the East line of said Section 9 a distance of 325.12 feet to the Point of Beginning; thence continue along aforedescribed line a distance of 600.00 feet; thence bear South 89 degrees 59' 53" West a distance of 351.69 feet to the East right-of-way of State Road 15 and U.S. 441; thence bear South 00 degrees 00' 07" East, along said right-of-way, a distance of 600.00 feet; thence bear North 89 degrees 59' 53" East a distance of 351.67 feet to the Point of Beginning. Parcel II: Commmence at the Southwest corner of Section 10, Township 37 South, Range 35 East, Okeechobee County, Florida, bear North along the West line of said Section 10 a distance of 325.12 feet to the Point of Beginning; thence continue along aforedescribed line a distance of 600.00 feet; thence bear North 89 degrees 59' 53" East a distance of 398 .31 feet; thence bear South 00 degrees 00' 07" East a distance of 600.00 feet; thence bear South 89 degrees 59' 53" West a distance of 398 .33 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517RR Agent File No. HOSPITAL CORP SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517RR Agent File No. HOSPITAL CORP SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Oil, Gas and Mineral Lease in favor of Sun Oil Company dated October 25, 1965 and recorded in Official Records Book 91, Page 771, Public Records of Okeechobee County, Florida. 9. Reciprocal Easement Agreement between Hospital Corporation of America and Okeechobee Health Care Facility LTD dated November 8th, 1983, recorded in Official Records Book 258, Page 756, public records of Okeechobee County, Florida. 10. Easement in favor of Florida Power & light recorded in Official Records Book 331, Page 142 of the public records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517SS Agent File No. BLAIR Effective Date: August 16, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517SS Agent File No. BLAIR LEGAL DESCRIPTION Easement dated February 6th, 1989 as recorded in Official Records Book 302, Page 194 of the public records of Okeechobee County, Florida more particularly described as follows: A non-exclusive perpetual easement for the construction, operation and maintenance of underground sewage collection and water distribution utility facilities (including pipes, conduits, lift stations and appurtenant equipment) to be installed from time to time; with the right to reconstruct, improve, add to, and enlarge, and remove such facilities or any of them, on that certain property in Okeechobee County, Florida, described or identified as follows: Strips of land in that certain unrecorded subdivision known as Palm Village Ranch Mobile Home Park lying in and comprising a part of the SW1/4 of Section 33, Township 37 South, Range 35 East; said easements being.the rear 10 feet of each perimeter lot, the rear 5 feet of each interior lot, front 10 feet of each lot, 5 feet on the sides of each lot and a 10 foot wide strip through lots 2, 64, 89, 114, 139, 164, 189, 214, and 249; and in addition thereto strips of land being 10 feet in width in the roads adjoining the front of each lot. The unrecorded subdivision known as Palm Village Ranch Mobile Home Park is now known as The Plat of Palm Village Ranch recorded in Plat Book 6, Page 34 of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517SS Agent File No. BLAIR SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation, as to easement interest to OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) . 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Suborination Agreement from Frank Horkett and Ardis Aleta Horkett to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 255, Page 730, to that Easement recorded in Official Records Book 302, Page 194, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517SS Agent File No. BLAIR SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment . 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Agreement between City of Okeechobee and Leo Blair and Joan Blair dated January 29, 1986 and recorded in Official Records Book 280, Page 934 of Public Records of Okeechobee County, Florida 9. Restrictions, covenants and conditions as contained on the Plat of Palm Village Ranch, recorded in Plat Book 6, page 34, of the Public Records of Okeechobee County, Florida. 10. Terms and Conditions as shown on that certain easement in favor of City of Okeechobee as recorded in Official Records Book 302, Page 194 of the Public Records of Okeechobee County, Florida. 11. Easement in favor of United Telephone Company of Florida as recorded in Official Records Book 327, Page 15 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY CO1lMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517TT Agent File No. RICHARD VEST Effective Date: August 31, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 =mom. Commitment No. Company File No. P9517TT Agent File No. RICHARD VEST LEGAL DESCRIPTION Utility Easement dated March 2nd, 1990 as recorded in Official Records Book 312, Page 669 of the public records of Okeechobee County, Florida more particularly described as follows: A perpetual and exclusive right-of-way and easement for utility purposes, with full authority to enter upon, excavate, construct and maintain, the water pipes, sewer pipes, gas pipes and mains, and any other utility facilities over, under, upon and through the following-described lands: The East 10 feet of the following described property: Commencing at the Northeast corner of Section 28, Township 37 South, Range 35 East, run thence South along the East Boundary line of said Section 28 for a distance of 859.70 feet; thence run West parallel with the north boundary line of said Section 28, for a distance of 65.79 feet for the Point of Beginning; thence continue West for a distance of 295.00 feet, more or less, to a point on the East right-of-way line of Parrott Avenue (U.S. 441) ; thence run South along said right-of-way line a distance of 100.00 feet; thence run East parallel with the North boundary line of the aforesaid Section 28, for a distance of 295.00 feet; thence run North 100.00 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517TT Agent File No. RICHARD VEST SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Barnett Bank of Okeechobee County to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 311, Page 1439 and that certain Receipt of Advance recorded in Official Records Book 316, Page 63, to that certain Utility Easement as recorded in Official Records Book 312, Page 669, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517TT Agent File No. RICHARD VEST SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions as shown on the certain Utility Easement recorded in Official Records Book 312, Page 669 of the public records of Okeechobee County, Florida. 9. Utility Agreement between the City of Okeechobee and Richard D. Vest dated February 20th, 1990 and recorded in Official Records Book 312, Page 928 of the of the Public Records of Okeechobee County, Florida. 10. This Commitment and/or the Policy to be issued hereunder, does not insure access to the insured land. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517UU Agent File No. GADOURY 3/28/90 Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: _ Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 • Commitment No. Company File No. P9517UU Agent File No. GADOURY 3/28/90 LEGAL DESCRIPTION Utility Easement dated March 23rd, 1990 as recorded in Official Records Book 312, Page 665 and recorded in Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual and exclusive right-of-way and easement for utility purposes, with full authority to enter upon, excavate, constuct and maintain, poles, telephone poles, wires, guy wires, and other appurtenances, pipes, sewer pipes, gas pipes and mains, and any other utility facilities over, under, upon and through the following described lands: A strip of land being 10 feet in width, 5 feet on both sides of the following described centerline: Commencing at the NE corner of Section 28, Township 37, South, Range 35 East and run South along the East Line of said Section 28 for a distance of 859.70 feet; thence run West parallel with the north line of said Section 28 a distance of 70.79 feet; thence South a distance of 100 feet to the beginning of said line; thence continue South a distance of 150 feet, more or less, to a point lying West of and 5 feet South of the North wall of an existing lift station; thence run East to the existing lift station and the end of the centerline. END OF LEGAL DESCRIPTION 2 • Commitment No. Company File No. P9517UU Agent File No. GADOURY 3/28/90 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Barnett Bank of Palm Beach County to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 269, Page 1963, and Collateral Assignment of Leases and Rents as recorded in Official Records Book 269, Page 1968 to that certain Utility Easements recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 6. Subordination Agreement from First National Bank and Trust Company of the Treasure Coast to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 294, Page 1220, and that certain Receipt of Advances recorded in Official Records Book 308, Page 1203 and modified in Official Records Book 308, Page 1204 to that certain Utility Easements as recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 7. Subordination Agreement from First National Bank and Trust Company of the Treasure Coast to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 298, Page 432, to that certain Utility Easements as recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 �IM.. ..�... _E Commitment No. Company File No. P9517UU Agent File No. GADOURY 3/28/90 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Terms and Conditions as shown on that certain Utility Easement as recorded in Official Records Book 312, Page 665 of the Public Records of Okeechobee County, Florida. 9. Terms and Conditions as shown on that certain Utiltiy Easement as recorded in Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 10. Utility Easement between James P. Gadoury and Lucille C. Gadoury, his wife and James B. Magnum and Elaine C. Magnum, his wife and the City of Okeechobee as recorded in Official Records Book 304, Page 497 of the Public Records of Okeechobee County, Florida. 11. Easement in favor of Florida and Power Light as recorded in Official Records Book 300, Page 1204 of the Public Records of Okeechobee County, Florida. 12. This Commitment and/or the Policy to be issued hereunder, does not insure access to the insured land. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517W Agent File No. MAGNUMS Effective Date: August 31, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517W Agent File No. MAGNUMS LEGAL DESCRIPTION Utility Easement dated March 23rd, 1990 as recorded in Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual and exclusive right-of-way and easement for utility purposes, with full authority to enter upon, excavate, constuct and maintain, poles, telephone poles, wires, guy wires, and other appurtenances, pipes, sewer pipes, gas pipes and mains, and any other utility facilities over, under, upon and through the following described lands: A strip of land being 10 feet in width, 5 feet on both sides of the following described centerline: Commencing at the NE corner of Section 28, Township 37, South, Range 35 East and run South along the East Line of said Section 28 for a distance of 859.70 feet; thence run West parallel with the north line of said Section 28 a distance of 70.79 feet; thence South a distance of 100 feet to the beginning of said line; thence continue South a distance of 150 feet, more or less, to a point lying West of and 5 feet South of the North wall of an existing lift station; thence run East to the existing lift station and the end of the centerline. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517W Agent File No. MAGNUMS SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE UTILITY AUTHORITY to CITY OF OKEECHOBEE, a municipal corporation. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Partial Release of the insured land from that certain mortgage from James P. Gadoury and Lucille Gadoury, his wife and James B. Magnum and Elaine C. Magnum, his wife to Barnett Bank of Palm Beach County, dated June 13th, 1985 in Official Records Book 269, page 1963, of the Public Records of Okeechobee County, Florida, in the original principal amount of $525, 000.00, and that certain Collateral Assignment of Leases and Rents recorded in Official Records Book 269, Page 1968 of the Public Records of Okeechobee County, Florida. . 6. Partial Release of the insured land from that certain mortgage from James P. Gadoury and Lucille Gadoury, his wife and James B. Magnum and Elaine C. Magnum, his wife to First National Bank and Trust Company of the Treasure Coast, dated April 14th, 1988 in Official Records Book 294, page 1220, of the Public Records of Okeechobee County, Florida, in the original principal amount of $1,550,000.00, and that certain Receipt of Advances recorded in Official Records Book 308, Page 1203 and that certain Mortgage Modification Agreement recorded in Official Records Book 308, Page 1204, all recorded in the Public Records of Okeechobee County, Florida. . 7. Partial Release of the insured land from that certain mortgage from James P. Gadoury and Lucille Gadoury, his wife and James B. Magnum and Elaine C. Magnum, his wife to First National Bank and Trust Company of the Treasure Coast, dated September 7th, 1988 in Official Records Book 298, page 432, of the Public Records of Okeechobee County, Florida, in the original principal amount of $140,000.00. 3 Commitment No. Company File No. P9517W Agent File No. MAGNUMS END OF SCHEDULE B-SECTION 1 4 Commitment No. Company File No. P9517W Agent File No. MAGNUMS SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions as shown on that certain Utility Easement as recorded in Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 9. Utility Easement between James B. Magnum and Elaine C. Magnum, his wife and the City of Okeechobee recorded in Official Records Book 312, Page 665 of the Public Records of Okeechobee County, Florida. 10. Utility Easement between James P. Gadoury and Lucille C. Magnum, his wife and James B. Magnum and Elaine C. Magnum, his wife and the City of Okeechobee as recorded in Official Records Book 304, Page 497 of the Public Records of Okeechobee County, Florida. 11. Easement in favor of Florida and Power Light as recorded in Official Records Book 300, Page 1204 of the Public Records of Okeechobee County, Florida. 12. This Commitment and/or the Policy to be issued hereunder, does not insure access to the insured land. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517WW Agent File No. GADOURY 10/31/88 Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 • Commitment No. Company File No. P9517WW Agent File No. GADOURY 10/31/88 LEGAL DESCRIPTION Utility Easement dated October 31st, 1988 as recorded in Official Records Book 304, Page 497 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual non-exclusive easement for the maintenance of a gravity and forced main sewer line and sewer lift station, including the right to operate, maintain and repair said line, lift station, valves, fittings, tanks, pumps and electrical connections, over, across, through and under the lands more particularly described as follows: A 10 foot easement extending 5 feet on either side of a center line: said center line also being the centerline of the now existing water and sewer lines beginning on the East Right-of-Way of U.S. 441 South and extending Easterly to point of termination. Said easement being located on and being a part of the following described tracts: Parcel No. 1: Begin 157.5 feet north of the Southeast corner of the NE1/4 of the NE1/4 of Section 28, Township 37 South, Range 35 East, thence run West a distance of 365 feet, more or less, to the east boundary of Parrott Avenue, thence run North a distance of 100 feet, thence run East a distance of 365 feet, more or less, to the east boundary of said Section 28, thence run South a distance of 100 feet to the point of beginning. Parcel No. 2 The S1/2 of the SW1/4 of the NW1/4 of the NW1/4 of Section 27, Township 37 South, Range 35 East, all lying in Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517WW Agent File No. GADOURY 10/31/88 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant(s) to mortgage or convey the insured land. 5. Subordination Agreement from Barnett Bank of Palm Beach County to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 269, Page 1963, and Collateral Assignment of Leases and Rents as recorded in Official Records Book 269, Page 1968, to that certain Utility Easements recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 6. Subordination Agreement from First National Bank and Trust Company of the Treasure Coast to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 294, Page 1220, and that certain Receipt of Advances recorded in Official Records Book 308, Page 1203 and modified in Official Records Book 308, Page 1204 to that certain Utility Easements as recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 7. Subordination Agreement from First National Bank and Trust Company of the Treasure Coast to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 298, Page 432, to that certain Utility Easements as recorded in Official Records Book 312, Page 665 and Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 3 - Commitment No. Company File No. P9517WW Agent File No. GADOURY 10/31/88 8. Satisfactory survey, in conformity with the minimum standards for land surveys made for title insurance purposes, certified to the Company, and/or its agent, through a current date, disclosing the nature and extent of any encroachments, overlaps, boundary line discrepancies, or other matters adversely affecting title to the property to be insured. Additional requirements and/or exceptions will be made for any appropriate matters disclosed. END OF SCHEDULE B-SECTION 1 4 Commitment No. Company File No. P9517WW Agent File No. GADOURY 10/31/88 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Terms and Conditions as shown on that certain Utility Easement as recorded in Official Records Book 304, Page 497 of the Public Records of Okeechobee County, Florida. 9. Utility Easement between James B. Magnum and Elaine C. Magnum, his wife and the City of Okeechobee recorded in Official Records Book 312, Page 667 of the Public Records of Okeechobee County, Florida. 10. Easement in favor of Florida Power and Light as recorded in Official Records Book 300, Page 1204 of the Public Records of Okeechobee County, Florida. 11. Utility Easement Between James P. Gadoury and Lucille Gadoury, his wife and the City of Okeechobee as recorded in Official Records Book 312, Page 665 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517XX Agent File No. SARAH HAMRICK Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517XX Agent File No. SARAH HAMRICK LEGAL DESCRIPTION Easement dated October 5th, 1992 as recorded in Official Records Book 340, Page 436 of the Public Records of Okeechobee County, Florida more particularly described as follows: An easement to pass and repass for ingress and egress and all lawful use, along the provided roadway or roadways; the right granted to include a utility corridor, for the construction, placement or other installation of utility service as needed by the City or its successors in interest, for water or sewer, said easement described more particularly as follows: A strip of land 100.0 feet in width, lying in Section 15, Township 37 South, Range 35 East, Okeechobee County, Floida, being more particularly described as follows: Begin at the Southeast corner of Block 1, City of Okeechobee, according to the Plat thereof as recorded in Plat Book 5, Page 5, public records of Okeechobee County, Florida, said point of beginning is also shown on survey of Riverside Drive, according to the plat thereof as recorded in Plat Book 1, Page 22, public records of Okeechobee County, Florida; said point of beginning is also a point of intersection of the Northerly right-of-way line of N.E. 13th Street, (formerly nineteenth street) , and the Westerly right-of-way line of Riverside Drive; thence bear North 89 degrees 56'33" East along the Eastward projection of the North right-of-way line of said N.E. 13th Street a distance of 108.33 feet to the intersection with the Easterly right-of-way line of Riverside Drive, thence bear South 22 degrees 40'26" West along the aforesaid Easterly right-of-way line of Riverside Drive a distance of 108.33 feet; thence bear South 89 degrees 56' 33" West parallel with the aforesaid northerly right-of-way line of N.E. 13th Street to the intersection with the said Westerly right-of-way line of Riverside Drive a distance of 108.33 feet; thence bear North 22 degrees 40'26" East along the said Westerly right-of-way line of Riverside Drive a distance of 108.33 feet to the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517XX Agent File No. SARAH HAMRICK SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant(s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517XX Agent File No. SARAH HAMRICK SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Terms and conditions as shown on the Grant of Easement as recorded in Official Records Book 340, Page 436 of the Public Records of Okeechobee County, Florida. 9. Oil, Gas and Mineral Lease in favor of Sun Oil Co. as recorded in Deed book 57, Page 377 of the Public Records of Okeechobee County, Florida. 10. The Right-of-Way for Riverside Drive. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND 7.I'm INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517YY Agent File No. TREASURE ISLAND Effective Date: August 7, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517YY Agent File No. TREASURE ISLAND LEGAL DESCRIPTION PARCEL 1: For a Point of Beginning, commence at the SW corner of the canal shown on the plat of Treasure Island Unit No. 3, according to the plat thereof recorded in Plat Book 3, Page 38, of the Public Records of Okeechobee County, Florida, and proceed in a Southerly direction along a line parallel to the west boundary of Tract A of said subdivision a distance of 80 feet to a point; thence proceed in an Easterly direction along a line parallel to the southern boundary of said aforementioned canal for a distance of 65 feet, more or less, to its intersection with the western boundary of the property owned by H.K. Mincey, et ux; thence proceed in a Northerly direction in a straight line to the SE corner of said aforementioned canal; thence proceed along the southern boundary of said aforementioned canal to the Point of Beginning. PARCEL 2 : Tract A of Treasure Island Unit 3, according to the plat thereof, as recorded in Plat Book 3, Page 38, of the public records of Okeechobee County, Florida, Less and Except the East 110 feet, West 130 feet and the North 80 feet thereof. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517YY Agent File No. TREASURE ISLAND SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1 . Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Production of a cancelled note and satisfaction or release of that certain Mortgage from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to Farmers Home Administration, dated July 15, 1965 in Official Records Book 89, page 663, of the Public Records of Okeechobee County, Florida, in the original principal amount of $365, 000.00. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517YY Agent File No. TREASURE ISLAND SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Note: Taxes for the year 1994 are being shown as exempt; Tax ID # 1-25-37-35-0040-00030-020B 8 . Covenant as shown on the Plat of Treasure Island Unit No. 3 as recorded in Plat Book 3, Page 38, of the Public Records of Okeechobee County, Florida. 9. The nature, extent, or existence of riparian rights are not insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517ZZ Agent File No. EASE ALTOBELLOS Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517ZZ Agent File No. EASE ALTOBELLOS LEGAL DESCRIPTION Easement dated February 9th, 1995 as recorded in Official Records Book 363, Page 1571 of the Public Records of Okeechobee County, Florida more particularly described as follows: An easement for ingress and egress to the lands described in said easement; to install and maintain utility service across, under or through the described easement, including within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility service of any and every nature as needed by the City, or its successors in interest, for any utilities service to the public; said easement described more particularly as follows: Being a 20.00 foot utility easement lying in Section 21, Township 37 South, Range 35 East, Okeechobee County, Florida and being more particularly described as follows: Begin at the Southeast corner of lot 63, Block 202 of the Plat of Okeechobee as recorded in Plat Book 5, Page 5 of the public records of Okeechobee County, Florida for the Point of Beginning; thence along the east boundary line of Block 202 of the plat of Okeechobee as recorded in Plat Book 5, Page 5 of the Public Records of Okeechobee County, Florida to the north right of way of Southwest 10th Avenue as recorded on the Plat of Okeechobee Heights in Plat Book 1, Page 12 of the Public Records of Okeechobee County, Florida also being recorded in Official Records Book 351, Page 618 and 619 of the Public Records of Okeechobee County, Florida South 00 degrees 00' 00" East a distance of 225.59 feet; thence along the north right of way of said Southwest 10th Avenue North 90 degrees 00' 00" East a distance of 20.00 feet; thence 20.00 feet East of and parallel with the East boundary line of Block 202 of the Plat of Okeechobee as recorded in Plat Book 5, Page 5 of the Public Records of Okeechobee County, Florida North 00 degrees 00' 00" East a distance of 225.59 feet; thence to the point of beginning North 90 degrees 00' 00" West a distance of 20.00 feet. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517ZZ Agent File No. EASE ALTOBELLOS SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Grant of Easement from Frank Altobello and Ethel M. Altobello, his wife and Mildred Francis Altobello, joined by spouse if married to the City of Okeechobee to correct that certain Grant of Easement recorded in Official Records Book 363, Page 1571 of the Public Records of Okeechobee County, Florida, to show the marrital status of Mildred Frances Altobello or non-homestead clause. 6 . Provide proof by affidavit alleging sufficient facts to show that the insured land did not constitute the homestead of Wardell E. Rogers, Dorette Rogers, Jack W. Rogers and Ethel D. Rogers, nor was the insured land contiguous to the homestead of said party on December 14, 1954. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517ZZ Agent File No. EASE ALTOBELLOS SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517AAA Agent File No. IDA VIRES Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517AAA Agent File No. IDA VIRES LEGAL DESCRIPTION Easement dated March 10th, 1976 and recorded in Official Records Book 183, Page 959 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual easement for the construction and maintenance of a water line under and through the following described parcel: Commencing at the Southwest corner of the NE1/4 of NW1/4 of NE1/4, Section 28, Township 37 South, Range 35 East, thence run North along the east boundary line of said NE1/4 of NW1/4 of NE1/4 for a distance of 120.00 feet for Point of Beginning; thence continue North along said east boundary line of NE1/4 of NW1/4 of NE1/4 for a distance of 145.50 feet; thence run South 89 degrees 17'40" West for a distance of 299.00 feet; thence run South 00 degrees 23'20" East a distance of 58 .30 feet; thence run South 85 degrees 36'40" West for a distance of 52.32 feet; thence run South 04 degrees 23'20" East for a distance of 10.00 feet; thence run North 85 degrees 36'40" East for a distance of 61.68 feet; thence run North 00 degrees 23' 20" West for a distance of 57.70 feet; thence run North 89 degrees 17'40" East for a distance of 278 .93 feet; thence run South for a distance of 135.50 feet; thence run North 89 degrees 17'40" East for a distance of 10.00 feet to Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517AAA Agent File No. IDA VIRES SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Easement from Ida F. Vires, a single adult or joined by spouse if married to City of Okeechobee to correct that certain Easement recorded in Official Records Book 183, Page 959 of the Public Records of Okeechobee County, Florida to show the marital status of the grantor or non-homestead clause and to correct legal description. (Legal in third paragraph should begin "Commencing at the Southwest corner. . . ") END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517AAA Agent File No. IDA VIRES SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions as shown on that certain Easement recorded in Official Records Book 183, Page 959 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 • COMMONWEALTH LAND TITLE INSURANCE COMPANY COITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517BBB Agent File No. ABNEY CLARK ATTA Effective Date: August 31, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517BBB Agent File No. ABNEY CLARK ATTA LEGAL DESCRIPTION Utility Easement dated August 31st, 1990 as recorded in Official Records Book 317, Page 550 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual, non-exclusive easement for utilities on the following described property: Beginning at the point of cusp formed by the arc of the southerly line of Lot 4, Block 30, Woodland Park, according to the plat thereof as recorded in Plat Book 2, Page 28, of the Public Records of Okeechobee County, Florida and the arc of the Westerly line as calculated with a 612.767 foot radius, thence northerly and easterly along the said southerly line of Lot 4 and arc distance of 40.0 feet; through a central angle of 04 degrees 10' 04" subtended by a 550.00 foot radius; thence bear North 71 degrees 58' 36" West a distance of 22.015 feet to the intersection with the arc of a non-tangent curve, said curve having for its element a central angle of 03 degrees 04' 06"; thence southerly and westerly along said arc a distance of 32.815 feet to the above described point of cusp and the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517BBB Agent File No. ABNEY CLARK ATTA SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517BBB Agent File No. ABNEY CLARK ATTA SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms and Conditions as shown on that certain utility easement as recorded in Official Records Book 317, Page 550 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMTETMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517CCC Agent File No. PEARSON Effective Date: August 31, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER' S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517CCC Agent File No. PEARSON LEGAL DESCRIPTION Utility Easement Deed dated January 9th, 1975 as recorded in Official Records Book 169, Page 381 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual easement and right of way to construct, lay, re-locate, operate, repair and maintain a water pipe line or pipe lines for the transportation of water upon, over, across and through the following described property: Commencing at the Northeast Corner of the NW1/4 of Section 27, Township 37 South, Range 35 East; thence run South along the East Boundary of said NW1/4 for a distance of 1550.26 feet; thence run South 36 degrees 28' 15" East for a distance of 1.53 feet; thence run South 53 degrees 31'45" West for a distance of 50.00 feet for the Point of Beginning; thence run North 36 degrees28' 15" West for a distance of 978.05 feet; thence run North 53 degrees 31'45" East for a distance of 50.00 feet; thence run North 36 degrees 28' 15" West for a distance of 161.00 feet; thence run South 53 degrees 31'45" West for a distance of 2.00 feet; thence run South 36 degrees 28' 15" East for a distance of 160. 00 feet; thence run South 53 degrees 31' 45" West for distance of 48.00 feet; thence run South 36 degrees 28' 15" East for a distance of 979.05 feet; thence run North 53 degrees 31'45" East for a distance of 1. 00 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517CCC Agent File No. PEARSON SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Easement Deed from L.M. Pearson Jr. and Frankie Z. Pearson, his wife and Lucille B. Pearson a single person or joined by spouse if married to the City of Okeechobee, to correct that certain Utility Easement Deed recorded in Official Records Book 169, Page 381 of the Public Records of Okeechobee County, Florida, to join Lucille B. Pearson on said easement . END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517CCC Agent File No. PEARSON SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY CO?t FITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517DDD Agent File No. ROCKEY Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517DDD Agent File No. ROCKEY LEGAL DESCRIPTION Easement Deed dated August 26th, 1993 as recorded in Official Records Book 347, Page 1782 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual right of way and easement (maintenance easement) , for ingress and egress and for the maintenance of City owned water and sewer lines and other proper and appropriate purposes in connection therewith, in, over, upon and along the following described lands: A utility easement 10.00 feet in width with the sidelines extending and contracting, as necessary, to intersect the west line of tract 14, Tropical Acres, an unrecorded subdivision lying in a portion of Section 7, Township 37 South, Range 35 East and a portion of Sections 11 and 12, Township 37 South, Range 34 East, Okeechobee County, Florida. Said easement lying 5.00 feet on either side of the following described centerline; Commencing at the Northwest corner of said Tract 14, bear South 00 degrees 08' 00" West along the West line of Tract 14, a distance of 5.00 feet; thence bear South 88 degrees 20' 00" East a distance of 107.00 feet; thence bear South 03 degrees 34' 53" East a distance of 110.04 feet; thence bear North 88 degrees 20' 00" West a distance of 10.04 feet; thence bear South 03 degrees 34' 53" East a distance of 149.93 feet; thence bear South 88 degrees 20' 00" East a distance of 76.47 feet; thence bear South 01 degrees 40' 00" West a distance of 216.00 feet; thence bear South 88 degrees 20' 00" East a distance of 196.00 feet; thence bear North 01 degrees 40' 00" East a distance of 154.00 feet; thence bear South 88 degrees 20' 00" East a distance of 120.00 feet to the Point of Beginning; thence continue South 88 degrees 20' 00" East a distance of 150.32 feet; thence bear South 00 degrees 08' 00" West a distance of 90.13 feet to the point of terminus of said centerline. Together with an Easement for ingress and egress ( ingress and egress ) through the private and unplatted roads of Edward Rockey Mobile Home Park A/K/A 46th Avenue Village, for access to the easement described above. Edward Rockey Mobile Home Park A/K/A 46th Avenue Village, is situate in Okeechobee County, Florida in Tract 14 and 15 of Tropical Acres an unrecorded subdivision lying in a portion of Section 7, Township 37 South, Range 35 East and a portion of Sections 11 and 12, Township 37 South, Range 34 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517DDD Agent File No. ROCKEY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Barnett Bank of Lake Okeechobee to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 335, Page 447, as modified in Official Records Book 340, Page 351, Official Records Book 343, Page 1279, Official Records Book 356, Page 778, and Receipt for Future Advances recorded in Official Records Book 356, Page 777 and Assignment of Leases, Rents and Profits as recorded in Official Records Book 356, Page 780, to that certain Easement Deed recorded in Official Records Book 347, Page 1782, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 �.,. .--.. mom! Commitment No. Company File No. P9517DDD Agent File No. ROCKEY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Right of Way Easement in favor of United Telephone Company of Florida as recorded in Official Records Book 339, Page 589 of the Public Records of Okeechobee County, Florida. 9. Terms and Conditions as shown on that certain Easement Deed as recorded in Official Records Book 347, Page 1782 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517EEE Agent File No. GRIFFIS Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517EEE Agent File No. GRIFFIS LEGAL DESCRIPTION Utility Easement Deed dated January 8th, 1976 as recorded in Official Records Book 179, Page 97 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual easement and right of way to construct, lay, re-locate, operate, repair and maintain a water pipe line or pipe lines for the transportation of water upon, over, across and through the following described property: For a point of beginning commence at a point on the East Boundary line of Section 20, Township 37 South, Range 35 East which is 370 feet North of the South East Corner of the NE1/4 of the NE1/4 of the NE1/4 of said Section 20, Township 37 South, Range 35 East; thence proceed in a northerly direction along the East Boundary line of said Section 20 a distance of 40 feet; thence proceed in a westerly direction on a line parallel with the northerly boundary line of said Section 20 to a point on the West Boundary line of the NE1/4 of the NE1/4 of the NE1/4 of said Section 20; thence proceed in a southerly direction along the said western boundary a distance of 40 feet; thence proceed in an easterly direction along a line parallel to the eastern boundary of said Section 20 to the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517EEE Agent File No. GRIFFIS SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant(s) to mortgage or convey the insured land. 5. Corrective Utility Easement Deed from Okeechobee Non-Profit Housing Inc. to The City of Okeechobee to correct that certain Utility Easement Deed recorded in Official Records Book 179, Pgae 97 of the Public Records of Okeechobee County, Florida, to correct the Grantors of said easement, Charles Griffis and Alberta Griffis, his wife were never in title to the property described in said easement. 6. Provide satisfactory evidence that Okeechobee Non-Profit Housing Inc. is in existence in the State of Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517EEE Agent File No. GRIFFIS SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 E.S. 8. Deed of Right of Way between G.W. Clay and Lenda Clay, his wife to Charles Griffis and Alberta Griffis, his wife as recorded in Official Records Book 195, Page 653 of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE LEGAL DESCRIPTION Grant of Easement dated November 15, 1994, recorded in Official Records Book 363, page 1467 and Official Records Book 363, page 1473, of the Public Records of Okeechobee County, Florida, more particularly described as follows: A perpetual exclusive easement and full and free right and liberty for ingress and egress to the lands described in said easement; to install and maintain utility service across, under or through the described easement, including within the right granted to create or maintain a utility corridor, for the construction, placement or other installation of utility service of any and every nature as needed by the City, or its successors in interest, for any utility service to the Public; said easement described more particularly as follows: Description (15' wide utility easement adjacent to L.S. Esmt. ) An easement, for public utilities, lying in Section 21, Township 37 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commence at the Southeast corner of said Section 21, thence North 00°01' 05" West along the East boundary line of Section 21, a distance of 243.00 feet to the Northeast corner of Block 150, First Addition to South Okeechobee, according to the Plat thereof recorded in Plat Book 1, page 17, of the Public Records of Okeechobee County, Florida; Thence South 89°48' 02" West along the North boundary line of said Block 150, a distance of 360.27 feet to the East line of the S.R. £15/U.S. Hwy. £441 right-of-way (100.00 feet in width) ; Thence North 00°08' 32" East along said East R/W line, a distance of 191.00 feet to the Northwest corner of that ingress and egress easement described in ORB 273, page 656 of aforesaid Public Records, for the Point of Beginning of this description; Thence continue North 00°08' 32" East along said East R/W line, a distance of 15.00 feet; Thence North 89°48' 02" East, parallel with said North boundary line of Block 150, First Addition to South Okeechobee, a distance of 329.70 feet; Thence South 00°01' 05" East, a distance of 15.00 feet to a point on the North line of aforesaid easement described in ORB 273, page 656; Thence South 89°48' 02" West along said North easement line, a distance of 329.74 feet to the Point of Beginning. Description (Lift Station Easement) An easement, for public utilities, lying in Section 21, Township 37 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commence at the Southeast corner of said Section 21, thence North 00°01'05" West along the East boundary line of Section 21, a distance of 243.00 feet to the Northeast corner of Block 150, First Addition to South Okeechobee, according to the Plat 2 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE corner of Block 150, First Addition to South Okeechobee, according to the Plat thereof, recorded in Plat Book 1, page 17, of the Public Records of Okeechobee County, Florida; Thence South 89°48' 02" West along the North boundary line of said Block 150, a distance of 360.27 feet to the East line of the S.R. £15/U.S. Hwy. £441 right-of-way (100.00 feet in width) ; Thence North 00°08' 32" East along said East R/W line, a distance of 191.00 feet to the Northwest corner of that ingress and egress easement described in ORB 273, page 656, of aforesaid Public Records; Thence continue North 00°08'32" East along said East R/W line, a distance of 15.00 feet; Thence North 89°48' 02" East, parallel with said North boundary line of Block 150, First Addition to South Okeechobee, a distance of 329.70 feet for the Point of Beginning of this description; Thence North 00°01' 05" West, parallel with the aforesaid East boundary line of Section 21, a distance of 15.00 feet; Thence North 89°48' 02" East, a distance of 30.00 feet to a point on said East boundary line of Section 21; Thence South 00°01' 05" East along said East boundary line; a distance of 30.00 feet to a point on the North line of aforesaid easement described in ORB 273, page 656; Thence South 89°48' 02" West along said North easement line, a distance of 30.00 feet; Thence North 00°01' 05" West, a distance of 15.00 feet to the Point of Beginning. Description (15' Wide Utility Easement) An easement, for public utilities, lying in Section 21, Township 37 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commence at the Southeast corner of said Section 21, thence North 00°01' 05" West along the East boundary line of Section 21, a distance of 243 .00 feet to the Northeast corner of Block 150, First Addition to South Okeechobee, according to the Plat thereof, recorded in Plat Book 1, page 17, of the Public Records of Okeechobee County, Florida; Thence South 89°48' 02" West along the North boundary line of said Block 150, a distance of 360.27 feet to the East line of the S.R. £15/U.S. Hwy. £441 right-of-way (100.00 feet in width) ; Thence North 00°08' 32" East along said East R/W line, a distance of 175.50 feet to the centerline of that particular ingress and egress easement described in ORB 273, page 656, of aforesaid Public Records; Thence North 89°48' 02" East, along said easement centerline, parallel with said North boundary line of Block 150, First Addition to South Okeechobee, a distance of 331.63 3 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE feet; Thence South 00°11' 58" East, perpendicular to the preceding course, a distance of 15.50 feet to a point on the South line of aforesaid easement described in ORB 273, page 656, for the Point of Beginning of this description; Thence South 06°08' 15" East, a distance of 52.76 feet; Thence South 83°51'45" West, perpendicular to the preceding course, a distance of 15.00 feet; Thence North 06°08' 15" West, perpendicular to the preceding course, a distance of 54.32 feet to the aforesaid South line of that easement described in ORB 273, page 656; Thence North 89°48' 02" East along said South easement line, a distance of 15.08 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 4 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Subordination Agreement from Gordon V. Leggett and Marjorie C. Leggett, His Wife to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 273, Page 1005, to that Grant of Easement as recorded in Official Records Book 363, Page 1467, of the Public Records of Okeechobee County, Florida. 6 . Corrective Grant of Easement from Big Lake Financial Corporation to The City of Okeechobee to correct that certain Grant of Easements rcorded in Official Records Book 363, Page 1467 and Official Records Book 363, Page 1473 of the Public Records of Okeechobee County, Florida, to correct the Grantor in said easements, or a certified copy of the articles of merger between Big Lake Financial Corp. and Big Lake National Bank to be recorded in the public records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 5 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Term and Conditions as shown in the Grant of Easements recorded in Official Records Book 363, Page 1467 and Official Records Book 363, Page 1473 of the Public Records of Okeechobee County, Florida. 9. Grant of Easement in favor of Gordon V. Leggett and Marjorie C. Leggett, his wife, as recorded in Official Records Book 233, Page 458 of the Public Records of Okeechobee County, Florida. 10. Easement in favor of Florida Power and Light as recorded in Official Records Book 252, Page 1032 of the Public Records of Okeechobee County, Florida. 11. Easement in favor of The City of Okeechobee as recorded in Official Records Book 273, Page 655 of the Public Records of Okeechobee County, Florida. 12. Grant of Easement in favor of Robert A. Delucia as recorded in Official Records Book 273, Page 656 and rerecorded in Official Records Book 273, Page 913 of the Public Records of Okeechobee County,. Florida. 13. Easement as shown in that certain Warranty Deed recorded in Official Records Book 273, Page 1003 of the Public Records of Okeechobee County, Florida. 14. Easement in favor of Florida Power and Light as recorded in Official Records Book 298, Page 1417 of the Public Records of Okeechobee County, Florida. 6 Commitment No. Company File No. P9517FFF Agent File No. BIG LAKE Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 7 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM Effective Date: August 16, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: Kings Bay Water Company 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM LEGAL DESCRIPTION Parcel F: (Water Plant Easement) An Easement described as follows: A portion of Block 2, Plat of Consolidated Farm Lands, according to the Plat thereof as recorded in Plat Book 1, Page 5, Public Records of Okeechobee County, Florida, and also being shown on the Plat of Great Lakes Sub-division, Plat Book 1, Page 36 through 45, inclusive, Public Records of Okeechobee County, Florida, and being more particularly described as follows: Commencing at the intersection of the Easterly Right-of-Way Line of Canal No. 1, according to the Plat of said Consolidated Farm Lands and the North line of Block 2, Great Lakes Sub-division as recorded in Plat Book 1, Pages 36 through 45, inclusive, Public Records of Okeechobee County, Florida; thence run North 31 degrees 19' 03" East along said Easterly Right-of-Way line of Canal No. 1, a distance of 1590.45 feet; thence run South 51 degrees 30' 19" East, a distance of 1339.51 feet to the Point of Beginning; thence run North 31 degrees 19' 03" East, a distance of 527.46 feet; thence run South 56 degrees 38' 56" East a distance of 1573.09 feet; thence run South 33 degrees 21' 04" West a distance of 10.00 feet; thence run North 56 degrees 38' 56" West a distance of 1562.73 feet; thence run South 31 degrees 19' 03" West a distance of 518.45 feet; thence run North 51 degrees 30' 19" West a distance of 10.00 to the Point of Beginning. Parcel J (Access and Utility Easement) An Easement described as follows: A strip of land 30.00 feet in width and being a portion of Lot 11, Block 2, Plat of Consolidated Farm Lands, according to the Plat thereof as recorded in Plat Book 1, Page 5, Public Records of Okeechobee County, Florida, and being more particularly described as follows: Beginning at the intersection of the North line of Block 2, Plat of Great Lakes Sub-division, according to the Plat thereof as recorded in Plat Book 1, Pages 36 through 45, inclusive, Public Records of Okeechobee County, Florida, and the Easterly line of said Lot 11; thence bear North 31 degrees 29' 59" East along said East line a distance of 2204 .04 feet; thence bear North 56 degrees 38' 56" West a distance of 62.51 feet; thence bear South 33 degrees 21' 04" West a distance of 30.00 feet; thence bear South 56 degrees 38'56" East a distance of 33.48 feet; thence bear South 31 degrees 29' 59" West a distance of 2173.48 feet to the North line of said Block 2, Great Lakes Sub-division; thence bear South 55 degrees 36' 37" East along said North line a distance of 30.02 feet to the Point of Beginning. Parcel K: (Well and Supply Line Easement) An Easement described as follows: A strip of land 10.00 feet in width being a portion of Lot 11, Block 2, Plat of consolidated Farm Lands, according to the Plat thereof as recorded in Plat Book 2 Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM 1, Page 5, Public Records of Okeechobee County, Florida, and having its boundary described as follows: Commencing at the intersection of the North line of Block 2, Plat of Great Lakes Sub-division, according to the Plat thereof as recorded in Plat Book 1, Pages 36 through 45, inclusive, Public Records of Okeechobee County, Florida, and the Easterly line of said Lot 11, thence bear North 31 degrees 29' 59" East along said Easterly line a distance of 2183.53 feet; thence bear North 56 degrees 38' 56" West a distance of 46.60 feet to the Point of Beginning; thence bear North 31 degrees 08'44" East a distance of 557.14 feet; thence bear North 40 degrees 07'29" East a distance of 203.80 feet; thence bear North 40 degrees 18' 39" East a distance of 181.88 feet; thence bear North 49 degrees 41'21" West a distance of 10.00 feet; thence bear South 40 degrees 18' 39" West a distance of 176 .82 feet; thence bear North 49 degrees 19'45" West a distance of 242.33 feet; thence bear South 40 degrees 40' 15" West a distance of 10.00 feet; thence bear South 49 degrees 19'45" East a distance of 242.41 feet; thence bear South 40 degrees 07'29" West a distance of 199.68 feet; thence bear South 31 degrees 08'44" West a distance of 547.53 feet; thence bear North 56 degrees 38' 56" West a distance of 6.18 feet; thence bear South 33 degrees 21' 04" West a distance of 10.00 feet; thence bear South 56 degrees 38' 56" East a distance of 16 .57 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 3 Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: A) Property Interest Assignment and Assumption Agreement from KINGS BAY WATER COMPANY to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by Kings Bay Water Company certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Provide satisfactory evidence that Kings Bay Water Company was in existence in the State of Florida on May 15, 1992 and the date of closing. END OF SCHEDULE B-SECTION 1 4 Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Everglades Drainage District, as contained in instrument, dated December 21, 1945 in Deed Book 43, page 319, of the Public Records of Okeechobee County, Florida. 9. Reservations in favor of Trustees of the Internal Improvement Fund, as contained in instrument, in Deed Book 14, page 453, of the Public Records of Okeechobee County, Florida. The right of entry for mining and exploration in said reservations hasbeen released by Section 270.11 F.S. 10. Restrictions, covenants, conditions and easements as contained on the Plat of Great Lakes, recorded in Plat Book 1, page 45, of the Public Records of Okeechobee County, Florida. 11. Restrictions, covenants, conditions and easements as contained on the Plat of North Shore Levee, recorded in Plat Book 2, page 83, of the Public Records of Okeechobee County, Florida. 12 . Notice of Claim as to oil and Mineral interests recorded in Official Records Book 174, Page 205, public records of Okeechobee County, Florida. 13 . Easements for Canals in favor of the United States of America as recorded in Deed Book 32, Page 255, public records of Okeechobee County, Florida 5 Commitment No. Company File No. P9517GGG Agent File No. KINGS BAY EASEM Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 6 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517HHH Agent File No. STANLEY Effective Date: August 31, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. ( As to an easement interest) 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517HHH Agent File No. STANLEY LEGAL DESCRIPTION Utility Easement dated May 19th, 1969 as recorded in Official Records Book 143, Page 403 of the Public Records of Okeechobee County, Florida more particularly described as follows: A perpetual easement and the right of way for the purpose of clearing , excavating, constructing and maintaining a water line utility in, upon and through the property described as follows: Beginning at the south west corner of land described in Official Records Book 111, Page 401-402 and run North 89 degrees 52' 00" East a distance of 120.04 feet for a point of beginning; thence run North a distance of (10) ten feet; thence run North 89 degrees 52' 00" East a distance of 150 feet more or less to a cul-de-sac; thence run Southwesterly to the south boundary of land described in Official Records Book 111, Page 401-402 aforesaid; thence run South 89 degrees 52' 00" West a distance of 146 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517HHH Agent File No. STANLEY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant(s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Certified copy of death certificate of George D. Stanley be recorded in the public records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517HHH Agent File No. STANLEY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. The nature, extent, or existence of riparian rights are not insured. 9. The right, title, or interest, if any, of the public to use any part of the land seaward and/or lakeward of the most inland of any of the following: a) the natural line of vegetation; b) the most extreme highwater line; c) the bulkhead line; and d) any other line which has been legally established as relating to such public use. 10. Title to no portion of the insured land below the mean high water line (mark) of any navigable waterbody is insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517III Agent File No. ORDINANCE 585 Effective Date: August 20, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517III Agent File No. ORDINANCE 585 LEGAL DESCRIPTION A non-exclusive easement for public utilities purposes in those alleys or alleyways lying within Block 230, First Addition to Okeechobee, Florida, according to the plat thereof, as recorded in Plat Book 5, page 6, of the Public Records of Okeechobee County, Florida, as reserved in that certain Ordinance No. 588 (585) , recorded in Official Records Book 263, page 788, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517III Agent File No. ORDINANCE 585 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517III Agent File No. ORDINANCE 585 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517JJJ Agent File No. ORDINANCE 612 Effective Date: August 20, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517JJJ Agent File No. ORDINANCE 612 LEGAL DESCRIPTION An easement for maintenance of existing utilities or installation of utilities as shown in that certain Ordinance No. 612 as recorded in Official Records Book 302, Page 1269 of the Public Records of Okeechobee County, Florida, more particularly described as follows: That certain alley lying between Lots 3,4, 5 and 6 of Block 154, of the City of Okeechobee, according to the Plat thereof, recorded in Plat Book 2, Page 17, of the public records of St. Lucie (now Okeechobee) County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517JJJ Agent File No. ORDINANCE 612 SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517JJJ Agent File No. ORDINANCE 612 SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1 . Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5 . Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. PP9517KKK Agent File No. TIIF LEASE Effective Date: August 20, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to a leasehold interest only as shown in that certain Lease Agreement between The State of Florida and City of Okeechobee as recorded in Official Records Book 260, Page 164 of the Public Records of Okeechobee County, Florida. 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. PP9517KKK Agent File No. TIIF LEASE LEGAL DESCRIPTION A parcel of land lying within Sections 26, 27, 34 and 35, Township 36 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commencing at the Northeast corner of said Section 34, bear South 02 degrees 03' 31" West along the east line of said Section 34 a distance of 3485.82 feet to the Point of Beginning (northwesterly right of way line of Cemetery Road, Old abandoned F.E.L. Railroad right of way) ; thence bear North 48 degrees 24' 00" East along said north westerly right of way line of Cemetery Road and abandoned F.E.L Railroad right of way line a distance of 3644.55 feet to the east line of the west one-half of said Section 35; thence bear North 02 degrees 02' 02" East along the east line of the west one-half of said Section 35, a distance of 1078.71 feet to the north line of said Section 35; thence bear North 01 degrees 18' 00" East along the east line of the west one-half of said Section 26, a distance of 1322.20 feet; thence bear North 63 degrees 27' 00" West a distance of 2915.20 feet to the west quarter corner of said Section 26; thence bear South 01 degrees 19' 02" West along the west line of said Section 26, a distance of 2239.76 feet; thence bear South 44 degrees 00'40" West a distance of 2379.11 feet; thence bear South 08 degrees 48' 09" East a distance of 1314.91 feet; thence bear South 80 degrees 49'23" West a distance of 483 .48 feet; thence bear South 03 degrees 54' 31" West a distance of 2549.47 feet to the north westerly right of way line of Cemetery Road; thence bear North 48 degrees 24' 00" East along said right of way line a distance of 2632 .36 feet to the Point of Beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. PP9517KKK Agent File No. TIIF LEASE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors . 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Assignment of Lease from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY assigning the Lease described in Schedule A, Item 2. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. PP9517KKK Agent File No. TIIF LEASE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Terms, Conditions and Provisions of that certain Lease agreement as recorded in Official Records Book 260, Page 164 of the Public Records of Okeechobee County, Florida. 9. The nature, extent, or existence of riparian rights are not insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517LLL Agent File No. SURVEY Effective Date: August 20, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE COUNTY, A FLORIDA CORPORATION 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 .-M.., Commitment No. Company File No. P9517LLL Agent File No. SURVEY LEGAL DESCRIPTION A Parcel of land lying within a portion of fractional Section 19, Township 38 South, Range 35 East, Okeechobee County, Florida, being more particularly described as follows: Commencing at the Willis 17 foot contour line meander corner as shown on the State of Florida Department of Transportation Right of Way (R/W) Map for State Road £78, Section No. 91010-2501, sheet 1 of 1 dated June 1961; thence North 00 degrees 11' 06" East along the west line of said Section 19, a distance of 756 .30 feet to the intersection with the centerline of aforesaid S.R. £78 (150' Wide R/W) ; thence North 57 degrees 49' 00" East along said centerline of S.R. £78, a distance of 3156.93 feet to the point of curvature of a curve to the left, said curve being concave to the northwest, having a radius of 1910.08 feet and a central angle of 31 degrees, 48 minutes, 30 seconds; thence northeasterly along the arc of said curve a distance of 1060.40 feet to the point of tangency of said curve; thence North 26 degrees 00' 30" East continuing along said centerline of S.R. £78 a distance of 38 .34 feet; thence South 63 degrees 59' 30" East perpendicular to the preceding course a distance of 157.80 feet for the point of beginning; thence North 84 degrees 16' 02" East a distance of 237.34 feet; thence South 14 degrees 04' 15" East a distance of 282.20 feet; thence South 57 degrees 24' 54" West a distance of 221 .43 feet; thence North 17 degrees 44'49" West a distance of 387.73 feet to the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517LLL Agent File No. SURVEY SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors . 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Easement from OKEECHOBEE COUNTY, a Political Subdivision of the State of Florida to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517LLL Agent File No. SURVEY SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations, Conditions and Easements as shown in that certain QUITCLAIM DEEDS as recorded in Official Records Book 323, Page 1875 and re-recorded in Official Records Book 351, Page 1691 and Official Records Book 353, Page 218 of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY' COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517MMM Agent File No. WILLIAMS GAINES Effective Date: August 20, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER' S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517MMM Agent File No. WILLIAMS GAINES LEGAL DESCRIPTION Grant of Easement in Official Records Book 244, page 1317, of the Public Records of Okeechobee County, Florida, to place a water line in and under the following described parcel: Commencing at the Northeast corner of the NE1/4 of the SE1/4 of the NW1/4 of Section 29, Township 37 South, Range 35 East; thence South 00 degrees 16' 33" East along the one-quarter section line of said Section 29 for a distance of 592.27 feet; thence run North 89 degrees 48' 04" West for a distance of 494.71 feet; thence run South 00 degrees 16' 33" East for a distance of 70.00 feet; thence run South 89 degrees 48' 04" East for a distance of 494 .71 feet; thence run North 00 degrees 16' 33" West for a distance of 70.00 feet to Point of Beginning. Lying in and comprising a part of Section 29, Township 37 South, Range 35 East, Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517MMM Agent File No. WILLIAMS GAINES SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by CITY OF OKEECHOBEE, a municipal corporation certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Grant of Easement from Eva Mae Williams, a single woman or joined by spouse if married, to City of Okeechobee to correct that certain Grant of Easement recorded in Official Records Book 244, Page 1317 of the Public Records of Okeechobee County, Florida. 6 . Assignment of easement rights to Okeechobee Utility Authority by Robert A. Gaines and Lauran H. Gaines. The Gaines appear to have been the grantees in that certain easement recorded in Official Records Book 244, page 1317, of the Public Records of Okeechobee County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517MMM Agent File No. WILLIAMS GAINES SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Restriction that placement of water line does not interfere with or disturb the existing pavement as contained in the instrument, recorded in Official Records Book 244, page 1317, of the Public Records of Okeechobee County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMITITAWIT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517NNN Agent File No. HERITAGE PLACE Effective Date: August 20, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to an easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: CITY OF OKEECHOBEE, a municipal corporation, as to easement interest 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517NNN Agent File No. HERITAGE PLACE LEGAL DESCRIPTION A ten foot permanent easement, extending five feet on either side of a center line of now-existing water and sewer lines in place at Heritage Place Development, as set forth in Official Records Book 308, page 1476, of the Public Records of Okeechobee County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517NNN Agent File No. HERITAGE PLACE SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from CITY OF OKEECHOBEE, a municipal corporation to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Corrective Easement from Heritage Place, Inc. to Okeechobee Utility Authority which relfects the correct legal description and to delete reverter contained in Official Records Book 308, page 1477, of the Public Records of Okeechobee County, Florida. 5. Satisfactory survey, in conformity with the minimum standards for land surveys made for title insurance purposes, certified to the Company, and/or its agent, through a current date, disclosing the nature and extent of any encroachments, overlaps, boundary line discrepancies, or other matters adversely affecting title to the property to be insured. Additional requirements and/or exceptions will be made for any appropriate matters disclosed. 6. The Company reserves the right to make additional requirements when additional facts are disclosed by the compliance of the requirements shown on Schedule B, Section 1 herein. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517NNN Agent File No. HERITAGE PLACE SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517000 Effective Date: September 17, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. 3. The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517OOO LEGAL DESCRIPTION Tract A of THIRD ADDITION TO BUCKHEAD RIDGE SUBDIVISION, according to the plat thereof, as recorded in Plat Book 3, page 25, of the Public Records of Glades County, Florida. LESS AND EXCEPT the East 40 feet and the West 90 feet of said Tract A. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517OOO SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Warranty Deed from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Warranty Deed from Buckhead Ridge Inc. to Okeechobee Beach Water Association inc. . Said corrective instrument is necessary to correct that certain Warranty Deed recorded in Official Records Book 37, page 30, of the Public Records of Glades County, Florida, wherein the legal description needs to be corrected to accurately describe the less out parcels. . NOTE: 1994 Real Property Taxes in the gross amount of $exempt are exempt. Homestead Exemption? no Tax ID No. S36-38-34-00A-000A-00A2 END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517OOO SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. NOTE: Gross amount of 1994 taxes were $exempt; Tax ID# S36-38-34-00A-000A-00A2. 8 . Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, dated May 22. 1919 in Deed Book 153, page 286, of the Public Records of Glades County, Florida, which provide as follows: a) "AS TO LANDS IN TRACTS OR COMPOSITE TRACTS AGGREGATING TEN (10) ACRES OR MORE: RESERVING unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products and title to an undivided three-fourths of all other minerals which may be found on or under the said land, together with the right to explore for and to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, dated February 1, 1926 in Deed Book 12, page 436, of the Public Records of Glades County, Florida, which provide as follows: 4 Commitment No. Company File No. P9517OOO a) "AS TO LANDS IN TRACTS OR COMPOSITE TRACTS AGGREGATING TEN (10) ACRES OR MORE: RESERVING unto the State of Florida the title to an undivided one-half of all petroleum and petroleum products and title to an undivided three-fourths of all other minerals which may be found on or under the said land, together with the right to explore for and to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. b) "RESERVING unto the State of Florida easement for state road right of way two hundred (200) feet wide lying equally on each side of the center line of any state road existing on the date of this deed through so much of any parcel herein described as is within one hundred (100) feet of said center line. " 10. The nature, extent, or existence of riparian rights are not insured. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 5 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517PPP Effective Date: September 17, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. (As to easement interest) 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517PPP LEGAL DESCRIPTION Easement for the construction, operation and maintenance of underground water facilities as set forth in Official Records Book 73, page 1155, of the public records of Glades County, Florida, over the following described property: Said easement to be ten feet (10' ) in width running from the easterly property line of Lot 94 where the same intersects with the right of way line of State Road No. 78 and running in a southeasterly direction and abutting that portion of Lot 94, and Lots 93, 92, 91, 90, 89 and 88 on the westerly side of Bass Drive; thence the easement runs in a westerly southwesterly and northwesterly direction along the north side of Bream Avenue and adjacent to Lots 69 to 87 both inclusive; this said easement is further granted from a point on the southerly property line where Lots 86 and 87 intersect on Bream Avenue and extending southerly across Bream Avenue along the westerly side of Perch Street and abutting Lots 49 through 46, both inclusive; this easement is further extended in a westerly direction on Perch Street abutting the southerly property line of Lots 46 through 43, both inclusilve; this easement is further granted in an easterly direction commencing at that point where this easement turns from southerly to westerly at the southeasterly point on the arc of Lot 46 and extending easterly across Perch Street and along the southerly lot lines of Lots 27 through 30, both inclusive, all of which are located in OKEE-SIMMEE DEVELOPMENT SUBDIVISION, located in Section 19, Township 38 South, Range 35 East, Glades County, Florida. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517PPP SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517PPP SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, dated October 26, 1931 in Deed Book 25, page 383, of the Public Records of Glades County, Florida, which provide as follows: a) "SAVING AND RESERVING unto the Trustees of the Internal Improvement Fund of Florida and their successors an undivided three-fourths interest in and title in and to an undivided three-fourths interest in all the phosphate, minerals and metals that are or may be in, on or under the said above described lands and an undivided one-half interest in and title in and to an undivided one-half interest in all the petroleum that is or may be in or under the said above described land, with the privilege to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. 9. All road rights of way as shown on the Plat of Okee-Simmee Development as recorded in Plat Book 3, Page 24 of the public records of Glades County, Florida. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517QQQ Effective Date: September 17, 1995 at 8 :00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to easement interest) LOAN: $ Proposed Insured: 2 . The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. (As to easement interest) 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517QQQ LEGAL DESCRIPTION An easement for the construction, operation and maintenance of underground water facilities as set forth in Official Records Book 73, page 1153, of the public records of Glades County, Florida, over the following described property: Said easement to be twenty feet (20' ) in width, being ten feet (10' ) on each side of the centerline lying ten feet (10' ) northeasterly and ten feet (10' ) southwesterly of the common lot line between Lots 67 and 68, OKEE-SIMMEE DEVELOPMENT SUBDIVISION, recorded in Plat Book 3, page 24, of the Public Records of Glades County, Florida. Said easement extends from the existing southeasterly right of way line of S.R. No.78 to the northwesterly right of way of Bream Avenue, or more properly described as follows: A parcel of land lying in Section 19, Township 38 South Range 35 East, Glades County, Florida, being more specifically described as follows: Commence at the intersection of the west line of Section 19, Township 38 South, Range 35 East, and the southerly right of way line of State Road No. 78 and run N 57°48' 15" E along said southerly right of way line of State Road No. 78 a distance of 1,145.54 feet to the northwesterly corner of OKEE-SIMMEE DEVELOPMENT as recorded in Plat Book 3, page 24, Public Records of Glades County, Florida, and point of beginning of the tract of land herein described; thence continue N 57°48' 15" E a distance of 263.23 feet; thence along the boundary of OKEE-SIMMEE DEVELOPMENT, S 43°59' 00" E, 196.72 FEET, N 54°39'21" E, 419.29 FEET, and N 36°37'29" W, 144.98 feet to the southerly right of way line of State Road No.78; thence N 57°48' 15" E, along said right of way line a distance of 186 .65 feet to the westerly right of way line of the Kissimmee River Canal (also known as Central and Southern Florida Flood Control District Canal C-38) ; thence S 29°45' 00" E, along said C-38 Canal right of way line, a distance of 1, 192.66 feet to the northerly right of way line of the Central and Southern Florida Flood Control District Levee L-48; thence S 44°12' 00" W along said L-48 Levee right of way line, a distance of 992.47 feet, more or less, to the shore line of a canal; thence run N 27°10'55" W for a distance of 1054 .69 feet to a point on the 17 foot contour line (said point identified as the point of beginning of the parcel of land described in O.R. Book 32, page 303, Glades County records) ; thence run N 56°48'26" E along the 17 foot contour line a distance of 208.56 feet to a point on the southerly boundary of OKEE-SIMMEE DEVELOPMENT; thence N 88°06' 45" W along said boundary of OKEE-SIMMEE DEVELOPMENT a distance of 242.13 feet; thence N 28°24'45" W along the westerly line of OKEE-SIMMEE DEVELOPMENT a distance of 260.00 feet to the point of beginning. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517QQQ SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant(s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517QQQ SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, dated October 26, 1931 in Deed Book 25, page 383, of the Public Records of Glades County, Florida, which provide as follows: a) "SAVING AND RESERVING unto the Trustees of the Internal Improvement Fund of Florida and their successors an undivided three-fourths interest in and title in and to an undivided three-fourths interest in all the phosphate, minerals and metals that are or may be in, on or under the said above described lands and an undivided one-half interest in and title in and to an undivided one-half interest in all the petroleum that is or may be in or under the said above described land, with the privilege to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517RRR Effective Date: September 17, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. . (As to easement interest) NOTE: SEE REQUIREMENTS VESTED EASEMENT INTEREST IS NOT CLEAR FROM INSTRUMENT CREATING INTEREST) 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517RRR LEGAL DESCRIPTION A perpetual non-exclusive utilities easement as set forth in Official Records Book 125, page 311, as recorded in the public records of Glades County, Florida, more particularly described as follows: A strip of land in fractional Section 35, Township 38 South, Range 34 East, Glades County, Florida, described as follows: Commencing at the northeast corner of said Section 35, thence South 89°33' 39" West along the north boundary line of said Section 35 a distance of 178.18 feet to an intersection with the southeasterly right of way line of State Road No. 78; thence South 57°47'54" West along the said right of way line a distance of 775.05 feet to an intersection with the southwesterly right of way line of Lake Drive, as shown in Plat of Buckhead Ridge Subdivision, 5th Addition, Unit Two, as recorded in Plat Book 3, page 43, Public Records of Glades County, Florida; thence continuing South 57°47' 54" West along the said right of way line of State Road No. 78 a distance of 100.00 feet; thence South 32°12' 06" East a distance of 151.04 feet to the POINT OF BEGINNING of this description; thence continuing South 32°12' 06" East a distance of 15.00 feet; thence South 57°48'53" West a distance of 150.00 feet; thence North 32°12' 06" West a distance of 15.00 feet; thence North 57°48' 53" East a distance of 150.00 feet to said POINT OF BEGINNING. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517RRR SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2 . Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4 . Provide an affidavit by OKEECHOBEE UTILITY AUTHORITY certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Corrective Easement from Jimmie R. Blevins and Betsy C. Blevins, his wife to OKEECHOBEE UTILITY AUTHORITY to correct that certain easement recorded in Official Records Book 125, Page 311 of the public records of Glades County, Florida, said easement omitted the grantee. 6 . Subordination Agreement from Albert A. Hazell to OKEECHOBEE UTILITY AUTHORITY, subordinating that certain mortgage recorded in Official Records Book 111, Page 976, to that certain easement as recorded in Official Records Book 125, Page 311, all of the public records of Glades County, Florida. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517RRR SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3. Easements or claims of easements not shown by the public records. 4 . Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8. Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, recorded February 7th, 1990 in Official Records Book Book 122, page 600, of the Public Records of Glades County, Florida, which provide as follows: a) "SAVING AND RESERVING unto the Trustees of the Internal Improvement Fund of Florida and their successors an undivided three-fourths interest in and title in and to an undivided three-fourths interest in all the phosphate, minerals and metals that are or may be in, on or under the said above described lands and an undivided one-half interest in and title in and to an undivided one-half interest in all the petroleum that is or may be in or under the said above described land, with the privilege to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. Company File No. P9517SSS Effective Date: September 17, 1995 at 8:00 A.M. 1. Policy or Policies to be issued: OWNER'S: $ Proposed Insured: OKEECHOBEE UTILITY AUTHORITY (As to easement interest) LOAN: $ Proposed Insured: 2. The estate or interest in the land described or referred to in this Commitment and covered herein is a fee simple, and title thereto is at the effective date hereof vested in: OKEECHOBEE BEACH WATER ASSOCIATION, INC. (As to easement interest) Note: SEE REQUIREMENTS VESTED EASEMENT INTEREST IS NOT CLEAR FROM INSTRUMENT CREATING INTEREST 3 . The land referred to in this Commitment is described as follows: LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF DEAN, MEAD AND MINTON 1903 SOUTH 25TH STREET SUITE 200 FT. PIERCE, FL 34947 (407) 464-7700 Countersigned: Authorized Officer or Agent VALID ONLY IF FACE PAGE, SCHEDULE B AND COVER ARE ATTACHED 1 A91 Commitment No. Company File No. P9517SSS LEGAL DESCRIPTION A perpetual non-exclusive utilities easement as set forth in Official Records Book 125, page 313, of the Public Records of Glades County, Florida, upon and across the following described land: A strip of land 15' wide, as measured at a right angle to the sidelines thereof, in fractional Section 35, Township 38 South , Range 34 East, Glades County, Florida, lying southeasterly of and adjacent to the following described line: Commencing at the northeast corner of said Section 35; thence South 89°33' 39" West along the north boundary line of said Section 35, a distance of 178.18 feet to an intersection with the southeasterly right of way line of State Road No. 78; thence South 57°47'54" West along the said right of way line a distance of 775.05 feet to an intersection with the southwesterly right of way line of Lake Drive, as shown on Plat of Buckhead Ridge Subdivbision, 5th Addition, Unit Two, as recorded in Plat Book 3, page 43, Public Records of Glades County, Florida; thence South 32°12' 06" East along the said southwesterly right of way line of Lake Drive a distance of 151.07 feet to the POINT OF BEGINNING of this easement description; thence South 57°48'53" West a distance of 1,804.77 feet to an intersection with the northwesterly right of way line of LAKE DRIVE WEST, as shown on Plat of "WESTLAKE", as recorded in Plat Book 3, pages 129 and 130, Public Records of Glades County, Florida, and the POINT OF TERMINUS of this description. LESS AND EXCEPT: A strip of land in fraction Section 35, Township 38 South, Range 34 East, Glades County, Florida, described as follows: Commencing at the northeast corner of said Section 35; thence South 89°33' 39' West along the north boundary line of said Section 35 a distance of 178.18 feet to an intersection with the southeasterly right of way line of State Road No. 78; thence South 57°47' 54" West along the said right of way line a distance of 775.05 feet to an intersection with the southwesterly right of way line of Lake Drive, as shown in Plat of Buckhead Ridge Subdivision, 5th Addition, Unit Two, as recorded in Plat Book 3, page 43, Public Records of Glades County, Florida; thence continuing South 57°47' 54" West along the said right of way line of State Road No. 78 a distance of 100.00 feet; thence South 32°12' 06" East a distance of 151.04 feet to the POINT OF BEGINNING of this description; thence continuing South 32°12' 06" East a distance of 15.00 feet; thence South 57°48' 53" West a distance of 150.00 feet; thence North 32°12' 06" West a distance of 15.00 feet; thence North 57°48' 53" East a distance of 150.00 feet to the said POINT OF BEGINNING. END OF LEGAL DESCRIPTION 2 Commitment No. Company File No. P9517SSS SCHEDULE B-SECTION 1 The following are the requirements to be complied with: 1. Payment of the full consideration to or for the account of the grantors or mortgagors. 2. Instrument (s) creating the estate or interest to be insured must be approved, executed and filed for record: a) Property Interest Assignment and Assumption Agreement from OKEECHOBEE BEACH WATER ASSOCIATION, INC. to OKEECHOBEE UTILITY AUTHORITY. 3 . Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable. 4. Provide an affidavit by OKEECHOBEE BEACH WATER ASSOCIATION, INC. certifying 1) that there are no liens against the insured land other than as disclosed by this commitment; 2) that there are no outstanding or pending claims against the affiant (s) that may constitute the basis for a lien against the insured land; 3) that other than as disclosed by this commitment there are no matters which constitute defects in affiant (s) ' title to the insured land, and 4) that there are no matters existing at this date which would adversely affect the ability of the affiant (s) to mortgage or convey the insured land. 5. Record a corrective Easement from Leland Pearce, a single adult or joined by spouse if married to OKEECHOBEE UTILITY AUTHORITY, to correct that certain easement as recorded in Official Records Book 125, Page 313, of the public records of Glades County, Florida, wherein the grantee of said easement was omitted. END OF SCHEDULE B-SECTION 1 3 Commitment No. Company File No. P9517SSS SCHEDULE B-SECTION 2 Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2 . Rights or claims of parties in possession not shown by the public records. 3 . Easements or claims of easements not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey or inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6 . Any claim that any part of said land is owned by the State of Florida by right of sovereignty, and riparian rights, if any. 7. Taxes for the year of the effective date of this Commitment and taxes or assessments which are not shown as existing liens by the public records or which may be levied or assessed subsequent to the date hereof. Said taxes become a lien as of January 1 of each year, but are not due and payable until November 1 of that same year, pursuant to section 197.333 F.S. 8 . Reservations in favor of Trustees of the Internal Improvement Fund of the State of Florida, as contained in Deed, recorded February 7th, 1990 in Official Records Book Book 122, page 600, of the Public Records of Glades County, Florida, which provide as follows: "SAVING AND RESERVING unto to said Trustees of the Internal Improvement Fund of the State of Florida, and their successors, title to an undivided three-fourths of all phosphate, minerals and metals, and title to an undivided one-half of all petroleum that may be in, on or under the above described land, with the privilege to mine and develop the same. " The right of entry for mining and exploration in said reservations has been released by Section 270.11 F.S. Item(s) 6 is/are hereby deleted. END OF SCHEDULE B-SECTION 2 4 Commitment For Title Insurance STANDARD EXCEPTIONS The policy will be subject to the mortgage, if any, noted under item two of Section I of Schedule B hereof and to the following exceptions: (1) rights or claims of parties in possession not shown by the public records;encroachments,overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises; (2) unrecorded easements, or claims of easements, not shown by the public records;(3)any lien,or right to a lien, for services,labor,or material heretofore or hereafter furnished, imposed by law and not shown by the public records. CONDITIONS AND STIPULATIONS 1. The term mortgage,when used herein,shall include deed of trust,trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of any defect,lien,encumbrance,adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing,the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly,but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof,or(b)to eliminate exceptions shown in Schedule B,or(c)to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions, the Conditions and Stipulations, and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. American Land Tale Association Commitment-1966 Cover Page Form 1004-38