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HomeMy WebLinkAbout1914 If the Association or the Manager is compelled to pay reasonable attorneys' fees in prosecuting or defending any action or proceeding instituted by reason of a default by the other, it will be reimbursed for such expense by the other defaultinq party. 8. DISSOLUTION OF ASSOCIATION, ETC.. In the event the Association is dissolved, or if its existence is otherwise terminated, or if for any reason it ceases to be responsible for the operation of any of the condominiums established by the Developer upon the land described in Exhibit "A" (after having first been responsible for such operation), or if any of said condominiums are terminated during the term of this Management~Agreement, the owners of all apartments in each such _ condominium apartment building that was formerl~ operated by the Association, their heirs, executors, legal representatives, successors and assigns, will as to their separate interests be bound by the provisions hereof; and the Manager will manage such interests pursuant to the terms and provisions of this Management Agreement, as the nature of such interests and the context hereof shall permit. 9. TERMS, ETC. TO BE COVENANTS RUNNING WITH THE LAND. The terms, conditions, pravisions and covenants set forth in this Management Agreement will be b3:nding upon the Association and the Manager, and upon their successors and assigns, and will be deemed to be covenants running with the land described in ~ i Exhibit "A" attached hereto. 10. NOTICES. Whenever a provision herein is made for written notice, it will be deemed sufficient if addressed to the Association or the Manager at their last known address and sent by U.S. Certified or Registered Mail, with postage prepaid. 11. RENEWAL. This Management Agreement may be renewed or extended after ~ its initial term and the first optional renewal provided for ~ ~ herein for such periods and upon such terms and conditions as may be mutually agreeable to the parties hereto. Said parties anti- ~ cipate that, if not renewed or extended, it will be useful in any ` negotiations by them for other Management Agreements. ~ 12. MISCELLANEOUS PROVISIONS. ~ ~ The Manager, if it so elects, will be entitled to use a portion of the facilities to be located upon the land demised to the Association under said Long Term Lease, not to exceed a reasonable area and not to interfere with the other use of said facilities, as an office in the performance of its duties here- ' under. There will be no cost to the Manager for such use and it ? may continue during the term of this Management Agreement. The entire~fiscal management of the Association will be governed solely by this Management Agreement during its term. < ~y The Manager will not be liable to the Association or its ~ members for any loss or damage not caused by the Manager's own ~ ~ gross negligence or willful misconduct; and the Association and ~ its members will, and do hereby, indemnify and save harmless the Manager from any liability, costs and expenses arising from } injury to any person or property upon or about any of the said ; - condominiums from any cause whatever, unless such injury shall ~ ~ ~ ~ ~ ~ -7- FEE. PARKER & FEE. P. A. ATTORNEYS AT LAW tO R r ~ POST OFFICE £OX 1000 DO~K PA{~F1(~~3 ; ~ FORT PtERGE. FLORiDA 33430 ( 9 ~ - ~ b _ .