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EXHIBIT ~~jr~~
Terms and Cdnditions af Che
G~NEItAL DBVELOPMEN~ INVESTORS PLANS 4
As Amended Bffective July 1, 1S65
1. Ge~eral Development Investore Plana, Inc., hereiaafter referred
to as "Plgne, Inc." will act as the excluiive reatal and ~anagement
agent to rent Plan Holder's hoa~e d~ring the per3od owned by the Plan
Ho?der at rentals fixed by Pl~en~, Inc. annually in advarice. Plan
Holder shall have the right in each rental year to nccupy his home
for a four weeka period (or for a gxeater or lesaer period than four
weeke) aelected by Plaa Holder by inritten natice to Plane, Inc. gi.ven
at least b0 days prior to the opening of each rental pear. If Plan
Holder doee not give euch written natice psi~or ta the aforesaid 60
days period, Plan Holder shall have the right to occupy hia home only
during a fou r week period eeZecte@ by Plsns, Inc. Al:l inQt~iriee to
Plan Halder for rental of the i~ome ahall be referred to Plan~, Ync.
and all aegotiations connected thereyith ehall be conducCed solely by
~'lans, Inc. Except during the period the home is occupied by Plan
HoXder, Plans, Inc. shall have c~stody at the keys to the home and shall
hsve the right of aceesa at all timea to the home.
2A. Plan Hol~der will pay Plans, Inc., a commisacion on rentals
equal co 25x for fiscal year 1966 (commencing July 1, 1~65) with a
right thereafter to increase by 2X per ann.~m but in na evemt more
, Ch~n 35x. PZan~, Inc., at its option and expenae, may enliat the
~ services of travel agents and real estate brokere.
~ 3. All rentals received by ~la~ta, Inc. for the acco~nt of Plan .
r Holdere shall be eegregated from the funds of Plsr~s, Inc, and shall
b~ depasited in an~ or mare tranafer banks for ultimate deposit to
The Firat National Bsnk of Miacni, Miactti, Florida or any oth~r bank
having a capital and surplus of over $S,Q00,000 w~ich may be ~elect~d
by ~lans, Inc. to act ae cuetodisa of such funds. Such acca~nt is
hereinafter referred to ae th~ "C~etodign Acco_nt". ~lane, Inc.'~
emgloyees Who handle r~ntal mor~i~~ ahstll be bonded by a fidelity bond.
Robber~ inaurance shall also be pxovided.
4, Plans, Inc. will maintain a separate account for each Pl~n
Hoider and will accal?nt to each Plan Holder ae soon se practicable
after each January 1sC and ~une 30th and cancurrently rem it ~~ry
aums due ta t~e Plan Holder.
5A. ~1ens, Inc., shala maintain and keep in govd repair the home
at the cost gnd expenee af the Plan H~l~ier, provide telephone service
to the hoae of the ~lan Aolder t~rough a central telephoae ewitch-
board, axu~ iregpecC the premisea p~riodically during periods of un-
OCCUpBi1C~? and ahal~ charge therefar ±n accordance wiCh the S~hedule
o€ Services aet forth in Exhibit "A", attached hereCo and made a
part h~reof, tihich ahall be sub,ject ta reviaion annually. xhe retea ,
EXI~BIT "II~~ gQGK 1~O ~~.,~U
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