15-2792 Land Donation to City - Park Drive

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KEW 10 51 D10 i TES AGREEMENT is made as of this day of 2015 (the "Effective Date "), by and between ELIAS MANGIUAL, a married man, of P.O. Box 771986, Orlando, FL 32877, and RAFAEL CLAUDIO, a married man, of San Juan, Puerto Rico (the "DONOR ") and CITY OF CASSELBERRY, a Florida municipal corporation, of 95 Triplet Lake Drive, Casselberry, FL 32707, (the "DONEE "). WITNESSETH: WHEREAS, DONOR owns certain lands in the City of Casselberry, which lands are referred to herein as the "Property" and described as follows: Lot 12, Block B, CRYSTAL BOWL SECOND ADDITION, according to the plat thereof as recorded in Plat Book 12, Page 77, Public Records of Seminole County, Florida. WHEREAS, the parties intend that the Property be donated to the DONEE to be used in the future as DONEE wishes. NOW THEREFORE, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1. The DONEE agrees to convey title to DONEE and DONEE agrees to accept title to the property subject to the conditions contained herein. 2. The Property shall be free and clear of all liens, encumbrances, and taxes through the date of closing. DONEE agrees to pay taxes through the date of closing and clear any title matters that render the property unmarketable. DONOR agrees to keep any improvements on said property in good condition and repair. 3. The donation of the Property shall occur no later than days following the execution of this Agreement. 4. DONOR will execute and deliver to the DONEE a Warranty Deed. Such execution and delivery shall be at no cost to the DONOR and the DONEE shall bear the cost of any documentary stamp fees, transfer taxes, or recording costs that may be imposed by reason of the delivery or recording of such deed. DONEE shall also obtain and pay for title searches and title insurance. 5. Ri t of Inspection. During the term of this Agreement, DONEE, its agents, employees and representatives, may have access to the Property and the records of the Property (including those on file with any governmental agency) at all reasonable times subsequent to the Effective Date of this Agreement with the right, at DONEE's expense, to inspect the Property and to conduct all tests and borings thereon as DONEE, its licensed engineers, surveyors and the 1