EX-10.1 2 c82855_ex10-1.htm

Exhibit 10.1

EXHIBIT “B”

PERMITTED EXCEPTIONS

| 1. | The lien for all taxes for the year 2015 (which are not yet due and payable), and all subsequent years thereafter.
| 2. | Any adverse ownership claim by the State of Florida by right of sovereignty to any portion of the lands insured hereunder, including submerged, filled and artificially exposed lands, and lands accreted to such lands.
| 3. | Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises, as to matters subsequent to the date of the survey filed with the Declaration of Condominium of Island Beach Club, as recorded in Official Records Book 343, at Page 732.
| 4. | Terms, provisions, covenants, liens, conditions and options contained and rights and easements established by the Declaration of Condominium of Island Beach Club and all exhibits attached thereto and recorded in Official Records Book 343, at Page 732; amended in Official Records Book 390, at Page 113; Official Records Book 563, at Page 532; Official Records Book 974, at Page 320; Official Records Book 974, at Page 322; Official Records Book 1120, at Page 893; Official Records Book 1629, at Page 2825; Official Records Book 2793, at Page 2342; Corrective Certificate of Amendment in Official Records Book 3044, at Page 2223; Official Records Book 3172, at Page 2605; Official Records Book 3471, at Page 1460; Official Records Book 3728, at Page 2982. Such Declaration and/or Amendment(s) establishes and provides for easement, liens, charges, assessments, an option to purchase, a right of first refusal and the prior approval of a future purchaser or occupant.
| 5. | Rules and Regulations of Island Beach Club recorded in Official Records Book 1277, at Page 843.
| 6. | Resolution No. 97-238 recorded in Official Records Book 1109, at Page 920.
| 7. | Riparian and littoral rights are not insured.
| 8. | The rights, if any, of the public to use as a public beach or recreation area any part of the land lying between the body of water abutting the subject property and the natural line of vegetation bluff, extreme high water line, or other apparent boundary lines separating the publicly used area from the upland private area.
| 9. | This policy does not insure any portion of the insured parcel lying waterward of the mean-high water line of the Atlantic Ocean.
| 10. | Easement contained in instrument recorded in Official Records Book 1018, at Page 1373.
| 11. | Temporary Construction Easement recorded in Official Records Book 3447, at Page 1617.

| 12. | Encroachment Agreement recorded in Official Records Book 3427, at Page 528.
| 13. | Resolution No. 05-038 recorded in Official Records Book 2188, at Page 303.

All of the recording information contained above refers to the Public Records of ST. LUCIE County, Florida, unless otherwise indicated.