BELLALAGO CLUB MEMBERSHIP FEE SCHEDULE

THIS INSTRUMENT PREPARED BY: DENNIS J. GETMAN, ESQ. Avatar Properties Inc. 201 Alhambra Circle, 12 th Floor Coral Gables, Florida 33134 LARRY WHALEY OSCEOLA COUNTY, FLORIDA CLERK OF CIRCUIT COURT DLB Date 10/13/2003 11P OR 2359/1410 Time 10:47:14 BELLALAGO CLUB MEMBERSHIP FEE SCHEDULE AV A TAR PROPERTIES IN~ a corporation ("Club Owner") hereby declares that the area known as Bell al ago, as more specifican.u_o.,1t,-t1'\"?l'h. below, shall be subject to this Club Membership Fee Schedule. A. Club Owner is the owner B. C. This Club Membership Fee Schedule affects the real property described on Exhibit 1 attached hereto and made a part hereof (the "Affected Land"). NOW, THEREFORE, Club Owner hereby declares that the Affected Land shall hereinafter be subject to this Club Membership Fee Schedule, which shall be a covenant running with the title to the Affected Land. I. Definitions. All of the initially capitalized terms not defined herein shall have the meanings assigned to such terms in the Club Plan. 2. Affected Land. It is anticipated, but not guaranteed, that the Affected Land will contain up to 2,280 Homes. The Affected Land is subject to the Club Plan. Each Home within the Affected Land shall be subject to Club Membership Fees as follows: M:11.EGAL'JIOUSISG\DEll.AI.AGO'CI.UD PL,\S\ffE SCIIEDUU'5'Clu~~ff-ttScl,DOC ncllalago Membership fee Schedule 10/6/03

Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Monthly Payment $75 $77 $79 $81 $83 $85 $87 $89 $91 $93 $95 $97 $99 $101 $103 $105 $107 $109 $111 $113 $115 $117 SI 19 $121 $123 $125 $127 $129 $131 $133 OR 2359/1411 Thereafter, Club Membership Fees shall be S 133 per month and will not increase. Club Membership Fees arc payable to Club Owner as provided in the Club Plan. 3. Capital Contribution. A Capital Contribution of $150.00 per Home (or, in the case of a Builder, $150.00 per Home that may be constructed on a Parcel) shall be paid to Club Owner as provided in the Club Plan. 4. Conflicts. In the event of any conflict between this Club Membership Fee Schedule and the Club Plan, this Club Membership Fee Schedule shall control. Whenever possible, this Club Membership Fee M.\LEGAl.'JIOUSISG\ll!:11.AL\GO'CLU!l PLA!l.'JcE SCIIEDt:LES\Clu~~ff«SdiDOC Bellalago Membership Fee Schedule 10/6/03

Schedule and the Club Plan shall be construed as a single document. CL 20031 9 1978 DR 2359/1412 5. Amendment. Club Owner may amend this Club Membership Fee Schedule at any time with respect to any portion of the Affected Land owned by Club Owner. 6. Scvcrabilitv. Invalidation of any of the provisions of this Club Membership Fee Schedule by judgment or court order shall in no way affect any other provision, and the remainder of the Club Plan and this Club Membership Fee Schedule shall remain in full force and effect. 7. Headings. The headings within this Club Membership Fee Schedule arc for convenience only and shall not be used to limit or interpret the terms hereof. NO~t THEREFORE, Avatar Properties Inc., a Florida corporation has set its signature and seal below this 6-,. day of Oc.f-~ ht:. /I.., 2003. \VITNESSES: AVATAR PROPERTIES INC., a Florida corporation Name: Dennis J. etman,, : - ~ <:( Title: Executive Vice President...,-:,~.),l(},,_. \,-. {SEAL) /f{/1'?/i-::,(. : ili- r.,. -c-:- I' i"-.. 0, -... ~-. -o r/'"'\. 'J.',_., : ~. i~ : ~ -.~... ~ J. ; 'la!j. ~ ~-: :. ~- ~.; i,:. rt.._j!j " ' i.. ~:'f~j:-~)f( ;. ~ -,,... '.,, ~0 V.;J 1").',.;.; STATE OF FLORIDA COUNTY OF MIAMI-DADE ) ) SS.: ) /-f( r\ The foregoing instrument was acknowledged before me this ~<o~- day of Ufo b1::a., 2003 by Dennis J. Getman as Executive Vice President of Avatar Properties Inc., a Florida corporation, who is pcrsooolly known to me or who produced as identification, on behalf of the corporation. My commission expires: ~ 4J i.o0-6 NOARYPUBLIC, State of Florida Print name: f1m,'0 /i~mj~a ~f 'LEGAL\! IOUSl~G\BELI.ALAGO'.C:Ll!B PLAN\1-"EE SCI IEDl!LESIClu~~,r...,sc1,DOC llellalago Membership l'ee Schedule 10/6/03

DR 2359/1413 EXHIBIT 1 PARCEL "A": ALL OF BELLA.LAGO, according to the official plat thereof as recorded in Plat Book 14, at Pages 159-168, inclusive, Public Records of Osceola County, Florida, MORE PARTICULARLY DESCRIBED AS FOLLOWS: Commence at the Southwest corner of Section 28, Township 26 South, Range 29 East; Osceola County, Florida, thence North 76 21 '14 11 East, a distance of 409.37 feet to the POTh'T OF BEGTh'NING; thence North 20 07'12 11 West, a distance of 1,419.57 feet; thence North 07 01 '59 11 East, a distance of 44.41 feet; thence North 15 23'32 11 West, a distance of 89.05 feet; thence North 45 57'18 11 West, a distance of74.85 feet to a point of cun e to the left having a radius of 50.00 feet and a central angle of 119 12'04 11 ; thence Westerly along the arc a distance of 104.02 feet; thence South 14 50'38 11 West, a distance of 86.09 feet to the point of curve of a non tangent curve to the left, of which the r_adius point lies South 02 02'28 11 West, a radial distance of 555.47 feet; thence Westerly along the arc, through a central angle of 43 02'55 11, a distance of 417.35 feet; e nth 48 59'32 11 West, a distance of 30.87 feet to a point of curve to the right ha\'i g rad" of 1,350.00 feet and a central angle of 21 30'53 11 ; thence Southwesterly along th tance of 506.93 feet to a point of tangency; thence South 70 30'26 11 West, a distanc 6 eet; thence North 02 40'20 11 East, a distance of 117.02 feet; thence North 53~15'59 istance of 93.51 feet; thence South 67 28'34 11 West, a O distance of 99.95 feet; thenc 1 '20" East, a distance of 85.89 feet; thence North 65 55'41 11 West, a distance o hence North 85 34'24 11 West, a distance of 100.46 feet; thence North 89 36'41 11 W ce of 87.97 feet; thence North 86 05'10 11 West, a distance of 100.44 feet; the 8' 2 11 West, a distance of 114.38 feet; thence North 70 29'24 11 West, a distance o 34. ee ce North 58 11 '16 11 West, a distance of 179.92 feet; thence South 74 29'39 11 West, a dist 101.43 feet; thence South 54 07'44 11 West, a distance of 57.62 feet to a point o r~~-~ haying a radius of 50.00 feet and a central angle of 72 20'56 11 ; thence Southc,:.ljtjlllo.l:ig--tm:lii'C a distance of 63.14 feet to a point of tangency; thence South 18 13'12" East, a distance of 67.74 feet; thence South 35 50'24" East, a distance of 13.93 feet; thence South 44 08'21 11 West, a distance of 23.05 feet; thence South 34 10'11" West, a distance of 61.53 feet; thence South 07 39'40" East, a distance of 64.50 feet; thence South 02 27'34 11 West, a distance of 59.67 feet; thence South 32 50'46 11 West, a distance of 41.38 feet; thence South 46 40'47" West, a distance of 66.58 feet; thence South 43 08'51" West, a distance of 95.92 feet; thence South 29 51 '20 11 West, a distance of 103.56 feet; thence South 14 53'26 11 West, a distance of 96.57 feet; thence South 01 48"08 11 East, a distance of 103.54 feet; thence South 36 07'24 11 East, a distance of 112.56 feet; thence South 24 52'20 11 East, a distance of 75.24 feet; thence South 20 38'17 11 East, a distance of 123.98 feet; thence South 47 52'43 11 East, a distance of 110.18 feet; thence South 39 07'35 11 East, a distance of 46.23 feet; thence South 89 50'22 11 West, a distance of 38.60 feet; thence South 89 52'17 11 West, a distance of 1,545.40 feet; thence North 00 07'19" West, a distance of 499.82 feet; thence South 89 52'01 11 West, a distance of 346.99 feet to a point on the Easterly right of way line of Pleasant Hill Road, said point being a point on curve of a non-tangent curve to the left, of which the radius point lies North 85 52'47 11 West, a radial distance of 1,989.86 feet; thence Northerly along the arc, through a central angle of23 07'26 11, a distance of803.08 feet to a point of tangency; thence North 19 00'13" West, a distance of 836.80 feet; thence departing aforesaid right of way line, run North 75 25'59 11 East, a distance of l,00-t33 feet; thence South 18 35'45 11 East, a distance of 400.00 feet; thence North 76 03'35 11 East, a distance of 631.09 feet to the point of cun;e of a non tangent curve to the left, of which the radius point lies North 43 17'11 11 East, a radial distance of 750.00 feet; thence Easterly along the arc, through a central angle of 105 44'53 11, a distance of-1,384.24 feet; thence North 86 05'06'' East, a

distance of 1,730.02 feet; thence North 83 47'53 11 East, a distance of 1,957.07 feet to a point on the Safe Dc, clopment Line of West Lake Tohopckaliga; thence run along the Safe De\'clopmcnt Linc the following courses: South 06 57'18 11 East, a distance of78.83 feet; South 31 23'22 11 East, a distance of 284.07 feet; thence South 05 22'29 11 East, a distance of 213.71 feet; South 24 19'48" East, a distance of 221.62 feet; South 22 20'00" East, a distance of 204.93 feet; South 21 41 '20 11 East, a distance of 198.24 feet; South 23 13'12" East, a distance of 203.31 feet; South 26 32'26 11 East, a distance of 198.08 feet; South 29 27'08" East, a distance of 186.43 feet; South 35 27'35 11 East, a distance of 199.99 feet; South 43 21 '14 11 East, a distance of 179.86 feet; South 26 59'54" East, a distance of 201.71 feet; South 34 26'01" East, a distance of 218.36 feet; South 29 50'43" East, a distance of 198.99 feet; South 42 37'33 11 East, a distance of 187.09 feet; South 40 15'45" East, a distance of 201.33 feet; South 33 18'31 11 East, a distance of 174.26 feet; South 51 4'48 11 East, a distance of 204.63 feet; South 51 16'03" East, a distance of 262.08 feet; South 25 01 '34" East, a distance of 155.14 feet; South 53 50'31 11 East, a distance of 199.93 feet; South 45 00'00 11 East, a distance of 188.48; South 36 52'16 11 East, a distance of 169.34 feet; South 37 15'03 11 East, a distance of 210.37 feet; South 34 48'56" East, a distance of 196.54 feet; South 33 08'21" East, a distance of 79.89 feet; thence departing said Safe Development Linc run South 89 50'22" West, a distance of 2,559.12 feet; thence North, a distance of 750.59 feet to a point of cur\'c to the left having a radius of 750.00 feet and a central angle of 59 01 '30"; thence Northwesterly along the arc a distance of 772.64 feet; thence North 40 35'23 11 West, a distance of 539.84 feet; thence South 72 43'13 11 Wes a distance of 713.79 feet to the POINT OF BEGINNING. DR 2359/1414 LESS AND EXCEPTL - PHASE lx, a propose PARCEL"B": Q) ALL OF BELLALAGO - Pl-l~oscd plat of a portion of the abo\'e described PARCEL "A", MORE PAR~j SCRIBED AS FOLLOWS: LEGAL DESCRIPTION: TRACTS "F",', 'PG", "PH", "L-16", AND A PORTION OF TRACT "K" OFBELLALAGO SE w~t..-pl.i,recorded IN PLAT BOOK 14, PAGES 159-168 OF THE PUBLIC RECOM~WiO'Si~OLA COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: CO:Ml\lENCE AT THE SOUTHWEST COR.i"'l'ER OF SECTION 28, TOWNSHIP 26 SOUTH, RANGE 29 EAST OSCEOLA COUNTY, FLORIDA; THENCE RUN NORTH 89 50'22 11 EAST ALONG THE SOUTH LINE OF SAID SECTION 28, A DISTANCE OF 1340.58 FEET TO THE POINT OF BEGINNING; THENCE RUN NORTH 40 35'23" WEST, A DISTANCE OF 236.82 FEET; THENCE RUN NORTH 49 24'37" EAST, A DISTANCE OF 29.89 FEET; THENCE RUN NORTH 64 30'10 11 EAST, A DISTANCE OF 100.00 FEET TO A POINT OF CURVE OF A NON-TANGENT CURVE TO THE RIGHT, OF WIIICII THE RADIUS POINT LIES NORTH 64 06'19" EAST, A DISTANCE OF 25.00 FEET; THENCE NORTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 80 41 '09", A DISTANCE OF 35.21 FEET TO A POINT OF TANGENCY; THENCE RUN NORTH 54 32'58" EAST, A DISTANCE OF 7.39 FEET TO A POINT OF CURVE TO THE RIGHT, HAVING A RADIUS OF 725.00 FEET; THENCE NORTHEASTERLY ALONG THE ARC THROUGH A CENTRAL ANGLE OF 24 50'36", A DISTANCE OF 314.56 FEET TO A POINT OF TA..""'l'GENCY; THENCE RUN NORTH 79 09'03 11 EAST, A DISTA.i""'l'CE OF 0.74 FEET TO A POINT OF CURVE TO THE LEFT, HA YING A RADIUS OF 525.00 FEET; THENCE NORTHEASTERLY ALONG THE ARC THROUGH A CENTRAL A..""GLE OF 32 14'17", A DISTANCE OF 295.40 FEET TO A POINT OFT ANG ENCY; THENCE RUN NORTH 46 54'46 11 EAST, A DISTA.."'lCE OF 36.85 FEET TO A POINT OF CURVE TO THE RIGHT, HA YING A RADIUS OF 225.00 FEET; THENCE NORTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 15 11'32", A DISTANCE OF 59.66 FEET TO A POINT OF TANGENCY; THENCE RUN NORTH 62 06'18" EAST, A DISTANCE OF 74.67

DR 2359/1415 FEET TO A POINT OF CURVE TO THE RIGHT, HAVING A RADIUS OF 250.00 FEET; THENCE EASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 61 08'47", A DISTANCE OF 266.80 FEET TO A POINT OF REVERSE CURVE TO THE LEFT, HAVING A RADIUS OF 329.20 FEET; THENCE SOUTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL A.'lGLE OF 22 59'51 ", A DISTANCE OF 132.13 FEET TO A POINT OF REVERSE CURVE TO THE RIGHT, HAVING A RADIUS OF 173.00 FEET; THENCE SOUTHEASTERLY ALONG TUE ARC, THROUGH A CENTRAL ANGLE OF 68 07'25 11, A DIST A.l"lCE OF 205.69 FEET TO A POINT OF COMPOUND CURVE TO THE RIGHT, HAVING A RADIUS OF 890.91 FEET; THENCE SOUTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 05 18'50", A DISTANCE OF 82.63 FEET TO A POINT OF REVERSE CURVE TO THE LEFT, HAVING A RADIUS OF 247.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 21 52'13", A DISTANCE OF 94.28 FEET TO A POINT OF COMPOUND CURVE TO THE LEFf, HAVING A RADIUS OF 539.34 FEET; THENCE SOUTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 13 22'01 ", A DISTANCE OF 125.83 FEET TO A POINT OF REVERSE CURVE TO THE RIGHT, HAVING A RADIUS OF 113.00 FEET; THENCE SOUTHEASTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 24 00'42 11, A DISTANCE OF 47.36 FEET TO A POINT OFT A.l"l'GENCY; THENCE RUN SOUTH 17 32'04" EAST, A DISTANCE OF 67.03 FEET TO A POINT OF CURVE TO TUE LEFT, HAVING A RADIUS OF 135.00 FEET; THENCE SOUTHEASaE ALONG TIIE ARC, THROUGH A CENTRAL ANGLE OF 21 30'46 11, A DISTANC. 9 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH 39 02'51 11 EA T AD.ANCE OF 147.58 FEET; THENCE RUN NORTH 50 57'09 11 EAST, A DI 50.00 FEET, THENCE RUN NORTH 55 14'27 11 EAST, A DISTANCE OF 206.18 NCE RUN SOUTH 42 37'33" EAST, A DISTANCE OF 30.00 FEET; THENCE RU OUT 0 15'45 11 EAST,.A DISTANCE OF 201.33 FEET; THENCE RUN SOUTH 33 ', A DISTANCE OF 174.26 FEET; THENCE RUN,..,.,.,..,&:.<vF 204.63 FEET; THENCE RUN SOUTH E 2. 8 ~ET; THENCE RUN SOUTH 25 01 '34 11 EAST, 17U 1 i:'t..--fl1lie1. E UN SOUTH 53 50'31" EAST, A DISTANCE OF " EAST, A DISTA1"l'CE OF 188.48 FEET; TANCE OF 169.34 FEET; THENCE RUN 'r'/',c,,,~1.j't-3~7 FEET; THENCE RUN SOUTH 34 48'56" EAST, A DISTANCE ; THENCE RUN SOUTH 33 08'21 11 EAST, A DISTANCE OF 79.89 FEET; THENCE RUN SOUTH 89 50'22" WEST, A DISTANCE OF 2559.12 FEET; THENCE RUN NORTH, A DISTA.l~CE OF 750.59 FEET TO A POINT OF CURVE TO THE LEFT, HAVING A RADIUS OF 750.00 FEET; THENCE NORTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 59 01 '30", A DISTA!"lCE OF 772.64 FEET; THENCE RUN NORTH 40 35'23" WEST, A DISTANCE OF 138.40 FEET TO THE POINT OF BEGINNING. LEGAL DESCRIPTION: THAT PART OF TRACT "I", BELLALAGO PHASE ONE, AN UNRECORDED PLAT, BEING l\lore PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHWEST COR.t"lER OF SECTION 28, TOWNSHIP 26 SOUTH, RANGE 29 EAST OSCEOLA COUNTY, FLORIDA; THENCE RUN NORTH 73 58'23 11 EAST, A DISTA.t"l'CE OF 1609.21 FEET TO THE POINT OF BEGINNING AND THE BEGINNING OF A CURVE TO THE RIGHT, OF WHICH THE RADIUS POINT LIES NORTH 14 10'55" WEST, A RADIAL DISTANCE OF 25.00 FEET; THENCE NORTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 88 55'11 ", A DISTANCE OF 38.80 FEET TO THE POINT OF COMPOUND CURVE TO THE RIGHT, HAVING A RADIUS OF 225.00 FEET; THENCE NORTHERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 24 33'58", A DISTANCE OF 96.47 FEET; THENCE RUN NORTH 09 18'14" EAST, A DISTANCE OF 4.72 FEET; THENCE RUN NORTH 74 21 '56" EAST, A DISTA.t"l'CE OF 124.25 FEET; THENCE RUN NORTH 61 16'29" EAST, A DISTANCE OF 79.84 FEET; THENCE RUN NORTH 48 39'25" EAST, A DISTANCE OF 140.70 FEET; THENCE RUN NORTH 62 06'18" EAST, A DISTA.t"' CE OF 187.21 FEET;

THENCE RUN NORTH 77 12'37 11 EAST, A DISTA.J."lCE OF 118.02 FEET; THENCE RUN SOUTH 84 40'17 11 EAST, A DISTANCE OF 41.71 FEET TO A POINT ON A CURVE CONCA VE TO THE WEST, OF WHICH THE RADIUS POINT LIES NORTH 84 40'17 11 WEST, HAVING A RADIUS OF 873.32 FEET; THENCE SOUTHERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 00 49'55", A DIST A.i.~CE OF 12.68 FEET TO THE POINT OF REVERSE CURVE TO THE LEFT, HAVING A RADIUS OF 137.00 FEET; THENCE SOUTHERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 33 09'40 11, A DISTANCE OF 79.29 FEET TO A POINT OF REVERSE CURVE TO THE RIGHT, HAVING A RADIUS OF 25.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 117 13'25", A DISTANCE OF 51.15 FEET TO A POINT OF REVERSE CURVE TO THE LEFT, HAVING A RADIUS OF 300.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 28 07'06", A DISTA.~CE OF 147.23 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH 62 06'18 11 WEST, A DISTANCE OF 74.67 FEET TO THE POINT OF CURVE TO THE LEFT, HAVING A RADIUS OF 275.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL Al~GLE OF 15 11'32 11, A DISTANCE OF 72.92 FEET; THENCE RUN SOUTH 46 54'46" WEST, A DIST Ai~CE OF 36.85 FEET TO THE POINT OF CURVE TO THE RIGHT, HAVING A RADIUS OF 475.00 FEET; THENCE SOUTHWESTERLY ALONG THE ARC, THROUGH A CENTRAL ANGLE OF 24 29'56 11, A DISTANCE OF 203.10 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTII 7 '03" WEST, A DIST Al~CE OF 0.74 FEET TO A POINT OF CURVE TO THE LEF, 1 'GA RADIUS OF 775.00 FEET; THENCE SOUTHWESTERLY E ARC, THROUGH A CENTRAL ANGLE OF 03 19'58 11, A DISTANCE OF 45.0 THE POINT BEGINNING. DR 2359/1416 PARCEL "C" ALL OF GOVERNMENT AT PORTION OF GOVERNMENT LOT 3 LYING SOUTH OF THE '-"" 1 """''~LA...,,,...~,.,.,.,,,_'TY PROPERTY AS DESCRIBED IN DEED BOOK 1174, AT PAGE 1288, LY THE HIGH WATER :MARK OF LAKE TOHPEKALIGA, IN SECTION 28, TO\: 1 IP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA. AND ALL OF SECTION 29 LYING SOUTH OF THE NORTH LINE OF MAC OVERSTREET ROAD AND EAST OF THE EASTERLY RIGHT OF WAY OF PLEASANT IIILL ROAD, LESS Ai~ EXCEPT THE FOLLOWING: FROM THE SOUTHEAST CORNER OF THE SOUTHWEST¼ OF SECTION 29, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA, RUN WEST ALONG THE SOUTH LINE OF SAID SOUTHWEST 1/4, 1545.3 FEET TO THE POINT OF BEGINNING; RUN THENCE NORTH AT RIGHT ANGLES TO THE SAID SOUTH LINE, 500.0 FEET; RUN THENCE WEST, PARALLEL TO SAID SOUTH LINE, 347 FEET MORE OR LESS TO THE EAST RIGHT OF WAY LINE OF PLEASANT HILL ROAD; RUN THENCE SOUTHERLY ALONG THE EAST RIGHT OF WAY OF SAID ROAD, TO THE SOUTH LINE OF SAID SOUTHWEST¼; RUN THENCE EAST, 441.41 FEET l\1ore OR LESS TO THE POINT OF BEGINNING. ALL OF THE EAST½, AND THE NORTHEAST ¼ OF THE SOUTHWEST ¼ OF SECTION 32, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA. AND f)/j

DR 2359/1417 ALL OF THE WEST ½, A.i"ID GOVERi~MENT LOTS 1 A.1~D 2, ABOVE THE ORDINARY HIGH WATER LINE OF LAKE TOHOPEKALIGA, OF SECTION 33, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA. AND A PARCEL OF LAND LOCATED IN SECTION 29, TOWNSHIP 26 SOUTH, RANGE 29 EAST, IN OSCEOLA COUNTY, FLORIDA; BEING DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHWEST COR..'JER OF THE NORTHWEST¼ OF SECTION 29, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE NORTH 89 DEGREES 43' 56" EAST ALONG THE NORTH LINE OF THE NORTHWEST ¼ OF SAID SECTION 29, A DISTANCE OF 110.00 FEET TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF PLEASA.i~T HILL ROAD (CR-531}; THENCE DEPART SAID NORTH LINE ON A BEARING OF SOUTH 01 DEGREES 02' 01" EAST ALONG SAID RIGHT OF WAY LINE, A DISTANCE OF 642.58 FEET; THENCE SOUTH 00 DEGREES 59' 19" EAST, ALONG SAID RIGHT OF WAY LINE A DISTANCE OF 646,44 FEET; THENCE SOUTH 00 DEGREES 07' 22" EAST ALONG SAID RIGHT OF WAY LINE, A DISTANCE OF 835.64 FEET TO THE POINT OF CURVATURE OF A CURVE CONCA VE NORTHEASTERLY, SAID CURVE HAVING A RADIUS OF 2220.00 FEET; THENCE SOUT,i~J~,~RL Y ALONG SAID CURVE A.i"ID SAID RIGHT OF WAY LINE, A DISTANCE ET THROUGH A CENTRAL A.i'JGLE OF 18 DEGREES 52' 51" (CHORD DIST r,t,,,,p,-h-6.26 FEET; CHORD BEARING SOUTH 09 DEGREES 33' 47" EAST} TO THE POL GENCY; THENCE SOUTH 19 DEGREES 00' 13" EAST ALONG SAID RIG F W LINE, A DISTANCE OF 416.25 FEET TO THE POINT OF BEGINNING; T\f' JlX,~NTINUE SOUTH 19 DEGREES 00' 13" EAST ALONG SAID RIGHT OF\.1, DISTANCE OF 400.20 FEET; THENCE DEPART SAID RIGHT OF WAY LINE Al ~RJNG OF NORTH 75 DEGREES 13' 36" EAST, A DISTA.i~CE OF 1002.89 FE EN.1 ORTH 18 DEGREES 35' 45" WEST, A DISTANCE OF 400.00 FEE T ~75 DEGREES 13' 36" WEST, A DISTANCE OF 1005.75 FEET TO THE P I OF BEGINNING. AND THAT PORTION OF THE NORTHWEST ¼ AND THE NORTHWEST¼ OF THE SOUTHWEST ¼ OF SECTION 32, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA, LYING EAST OF PLEASANT HILL ROAD; LESS AND EXCEPT: BEGINNING AT THE NORTHWEST COR.i'i'ER OF THE SAID NORTHWEST¼ OF THE SOUTHWEST ¼ OF SAID SECTION 32, THENCE NORTH 89 DEGREES 59' 51" EAST, ALONG THE NORTH LINE OF SAID NORTHWEST¼ OF THE SOUTHWEST 1/4, A DISTANCE OF 420.00 FEET; THENCE SOUTH 00 DEGREES 10' 19" EAST, PARALLEL WITH THE WEST LINE OF SAID NORTHWEST¼ OF THE SOUTHWEST¼, A DISTANCE OF 420.00 FEET; THENCE SOUTH 89 DEGREES 59' 51" WEST, PARALLEL WITH THE NORTH LINE OF SAID NORTHWEST¼ OF THE SOUTHWEST¼, A DISTANCE OF 420.00 FEET TO THE WEST LINE OF SAID NORTHWEST ¼ OF THE SOUTHWEST¼; THENCE NORTH 00 DEGREES 10' 19" WEST, ALONG SAID WEST LINE, A DISTANCE OF 420.00 FEET TO THE POINT OF BEGINNING. ALSO LESS THE WEST 60.00 FEET THEREOF FOR RIGHT OF WAY OF PLEASANT HILL ROAD. ALSO LESS AND EXCEPT: (CEMETERY ENCROACHMENT AREA) BEING DESCRIBED AS FOLLOWS: CO:\I:MENCE AT THE NORTHWEST CORNER OF THE NORTHWEST¼ OF THE

SOUTHWEST¼ OF SECTION 32, TOWNSHIP 26 SOUTH, RANGE 29 EAST, OSCEOLA COUNTY, FLORIDA; THENCE NORTH 89 DEGREES 59'51" EAST, ALONG THE NORTH LINE OF SAID NORTHWEST¼ OF THE SOUTHWEST 1 /4, A DISTA.i~CE OF 420.00 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE NORTH 89 DEGREES 59' 51" EAST, ALONG SAID NORTH LINE, 34.16 FEET; THENCE SOUTH 00 DEGREES 06' 59" WEST, A DISTA.i~CE OF437.29 FEET; THENCE SOUTH 89 DEGREES 39' 03" WEST, A DISTANCE IF 391.96 FEET TO THE EAST RIGHT OF WAY LINE OF PLEASANT HILL ROAD; THENCE NORTH 00 DEGREES 10' 19" WEST, ALONG SAID EAST RIGHT OF WAY LINE 19.66 FEET; TIIENCE NORTH 89 DEGREES 59' 51 " EAST, PARALLEL WITH THE NORTH LINE OF SAID NORTHWEST¼ OF THE SOUTHWEST ¼, A DISTANCE OF 360.00 FEET; THENCE NORTH 00 DEGREES 10' 19" WEST, PARALLEL WITH THE WEST LINE OF SAID NORTHWEST 1 /4 OF THE SOUTHWEST 1 /4, A DISTANCE OF 420.00 FEET TO THE POINT OF BEGINNING. OR 2359/1418 LESS A.i~D EXCEPTING FROM THE ABOVESAID PARCEL "C": THE ABOVESAID PARCELS "A" & "B", BEING THOSE LANDS PLATTED AS fj# BELLALAGO, according to the plat thereof as recorded in Plat Book 14, at Pages 159-168, inclusi\'e, Public Records of Osceola County, Florida, & the proposed plat of BELLA LAGO - PHASEIX,beingunr~ ~

OR 2359/1419 EXHIBIT 1 DESCRIPTION BELLALAGO WEST POINCIANA ESTATES SECTION D, lying East of Poinciana Boulevard, according to the plat thereof as recorded in Plat Book 3, Pages 222 through 230, of the Public Records of Osceola County, Florida. TOGETHER \VITH: A parcel of land being a portion of Section 6, Township 27 South, Range 29 East, Osceola County, Florida, being a portion. of POINCIANA OFFICE AND INDUSTRIAL PARK IV, according to the plat thereof as recorded in Plat Book 3, Pages 259 through 262, of the Public records of said Osceola County, more particularly described as follows: Commencing at the southeast corner of said Section 6, thence South 89 44'58" West, along the south line said Section 6, a distance of 156.00 feet to the west right of way line ofh' na Boulevard; thence North 00 15'37" West, along said west right of Ii, a distance of 1,983.61 feet to the POINT OF BEGINNING; thence t 9 59'54" West, departing said west right of way line, a distance of 1,958. ~ a point on the easterly right of way line of P_oinciana Boulevard; th ce rth 00 00'06" West, along said easterly right fa way line, a distance of 4 o a point of curve to the left having a radius of 4,075.00 feet and a_ centrav;aru=~ of 21 08'18"; thence northerly along said easterly right of way lin_\ e c of said curve, a distance of 1,503.40 feet to a point on said curve d boundary line of aforesaid POINCIANA OFFICE AND INDUSTRIAL PAR ; hence North 89 42'50" East, along said north boundary line, a distan e feet to the aforesaid west right of way line of Pleasant Hill Road; thence South 00 16'51" East, along said west right of way line, a distance of 1320.91 feet; thence South 00 15'37" East, continuing along said west right of way line, a distance of 657.31 feet to the POINT OF BEGINNING. LESS AND EXCEPT: Tract L, POINCIANA OFFICE AND INDUSTRIAL PARK IV, according to the plat thereof as recorded in Plat Book 3, Pages 259 through 262, of the Public records of said Osceola County, Florida. ALSO LESS AND EXCEPT: Tracts A, I,_ J and K of POINCIANA ESTATES, SECTION D, according to the plat thereof as recorded in Plat Book 3, Pages 222 through 230, of the Public Records of Osceola County, Florida. ALSO LESS AND EXCEPT: Begin at the northeast corner of Tract b, POINCIANA ESTATES, SECTION D, as recorded in Plat Book 3, pages 221 through 229, of the Public Records of Osceola County, Florida, said point being on the westerly right-of-way line of

Pleasant Hill Road; thence run North 71 30'1 O" West, along the north line of said Tract b, a distance of 350.00 feet; thence run South 35 11 '19" West, along the northwesterly line of said Tract b, a distance of 377.37 feet; thence run South 71 30'1 O" East, a distance of 458.39 feet to a point on the westerly right-of-way line of Pleasant Hill Road; thence run North 18 29'50" East, along said right of way line, a distance of 361.47 feet to the POINT OF BEGINNING. Containing 400.69 acres, more or less. DR 2359/1420