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purchase. Such aqreement ahall indicate which units wf 11 be pur-
chased by each participatinq owner and shall require the purchaser
of all units owned by owners not approving the termination, but
the agreement shall effect a separate contract between each seller .
and his purchaser.
(b) Price. The sale price for each unit shall
be the fair market value determined by agreement between the seller
and purchaser within thirty days from the delivery or mailing of ~
such agreement,_and in.the absence of agreement as to price it shall
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be determi.ned by arbitration in accordance with the then existing ~
rules of the American Arbitration Association, except that the • '
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arbitrators shall be two appraisers appointed by the American
Arbitration Association who shall base their'determination upon an ~
average of their appraisals of the unit; and a judgnnent of specific ~
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gerformance of the sale upon the award rendered by the arbitrators ~
may be entered in any court of competent jurisdiction. The expense
of the arbitration shall be paid by the purchaser.
(c) Payment. The purchase price shall be paid in
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cash . . ~
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i (d) Closing. .The sale shall be closed within ten
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~ days following the determination of the sale price.
~ 14.3. Certificate. The termination of the condominiwn
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~ in either of the foregoing manners shall be evidenced by a certificate
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of the Association executed by its president and secretary certifying ~
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as to facts effecting the termination, which certificate shall become ~
~ effective upon being recorded in the public records of St. Lucie
~ County, Florida.
~ 14.4. Shares of Owners After Termination. After termina-
~ tion of the condominium uni~ owners shall own the condominium property
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~ and all assets of the Association as tenants in oommon in undivided
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shares that shall be the same as the undivided shares in the common
~ ments a urtenant to the owners' unita, rior to the termination.
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