HomeMy WebLinkAbout2211 aad/or Inw~csrrea Trust~w, aa th~ caN a~ay b~. Lo all o~n~ra ot
~ItIVl1~'! D1f~LLI~GS aAd thoir r~~p~ctiv~ ~crtQaqN or a~ort9+~q~~.
as tn~ir ie~t~r~~t ~y ~pp~~r. its t!?~ rana~r u~ i~ t2s~ pc~opor-
tion• h~s~i~?bow provid~d, or at ~t?~ •l~ctiou o! tha 1~1880CS~?Ztt~lt.
such ins~ucaaca procNd• may b~ h~~4 by th~ 7~~OC2AZZOA for th~
fotus~ repLc~was~t ot th~ p~r~o=?al prop~rty lo~t or d~daqsd or say
A~ srtaiuu~d and n~d a• aa a~itional operatiaq or r~plac~nt
r~~~tw or ~ay b~ as~d !or th~ pwrpo~~ of r~ducinq th~ co~woa au-
p~xsa~ oi th~ 11S80CIi1~I01rt or a• th~ Board o! Hirsctor• o! I1l~a0C21t?ZOY
shall d~~a s~t and prap~r, all notvith~tandinq anytbing h~r~fnb~ior~
to t!~ contrary. Coatract• for r~psir, raplaca~ant os r~ca~t~tsvetioa
o! los• or daaaq• ~hall D~ l~t by Doard of Dir~ctor• in swN o!
1~?aSOCIA?IGi~ at~d said eoard o! Dir~ctor• •hall anthoriz~ p~y~nt~
to b~ t2~r~nnd~r Dy Iasurancr Trust~e. Soard o! Dir~ctors ~y
eat~s i~ato ~uoh aq~r~~a~nt s vith Taawranc~ Trnsta as it 'ay !l~se
i~ b~~t intarost o! 1~i~8Q~2~1TI~0~i !or purpoao ot afftctaatis~g th~
intsat h~riol.
sxsv.
~DGHT OF ~IRiT ~iFVBi~L TO AQSOC~71?I~!!t
Yi ~lli~~~
~+~~..°~r
Kfth t~~ ~xc~ptioa o! tr~n~fera of ownorahip of any PRIVA?E
D1f~Lt.7~ ~ oe?~ ~p~n~~ to at~otb~r, ahouLcl th~ owner of aay PRIVATB
~If~LLt~ be d~~irons of l~aaiaq or s~~linq snch lRlva?T~
11B80C=J?s'ZOMt i~ h~r~b~ giwa and grantwd th~ ri~ht ot tirat r~in~al
to leao• or purche~• sncR PRIVATE LMELL~~iG, as tn~ ca~• a~ay b~, on
tha t~ras an~d co~ditfoa~e h~rain stat~d, and no c~~~ of a lftlVATz
1~~P8I.~IlIG_ s2~a11 leep or a~ll the sam~ to any party witho~t tis~1:
qivinq A880C31sTIO11 notic• in ~+ritinq of such l~asa or sela aa b~r~in
grovidsd, thsrs?sy qlvirn3 ~?B80C=1?Tiwt th~ op~portunity to d~t~raia~
w3~sthar i.t xill ex~rci~e ths riq3~t of first reluaal to laa~s os
purahaN ~aid Puvl~TS DMSLLI~i on th~ wao t~noa ~nd conditioas -
a~e thc~s~ coAtain~d in any boz~a fid~ otfer ~+'hich th~ cnrn~= of ouch
p1tIV~1?g DII~LL't~G aay have r~ceiv~d for the loass or purc~?so o!
hf• ~tid P~ZVATE 1rhQn?w~r th~a~en~r of any PRIitATS
~ DM~~.LI~ h~s rac~ind a boaa ~id~ offer to i~a~~ or purebat~ his
; p1tlt~llTi DN~Id,I'~G and i• d~sirous o! acc~ptinq sucb bossa lid~ off~r,
; a bon• ff~ of!'~r being dafin~d h~r~in a~ at? vff~r ~ iti xrititsq.
; binding upon th~ otf~roz and contafninrq all ~of th~ peetiaant te~su
~ and conditions d! ~ur.]~ las~o or sale, a~ accospanf~d Dy ~n earn~st
~ aonay d~posit ia an aaount equal to at l~a~t 10% ot the ~uxc2~as~
p Pric~ if th~ sa~ is an otf~r for th~ pnrcha~• o! •ach !ltlYAS'i D1ttLL-
~ ~tG, tl~ avnor of st~ech PR~VATE nltiiS.ri10 ~hall aotily t3~ Soaril o~
~ Dizectora of A880C2J?4'I~ ia rsiting by r~gistssed or ds~iti~d ~ai2
~ s~?t to ~ oftic~s of ~atd ~i880CV1sZCit. ot by poroonal ~liwry ~ade
~ to the Fr~sid~nt or B~cr~ta~cy o! aai!! AB~OCI7~?IOIA~ o! hi• dosir• to
~ acc~gt such ott~s ~or th~ leaso or purcha~~ ot his l~.Z~?Ai'~ ~M~LLDlO.
d atatiaq t!?~ na~a~, addr~ss, bwi~~s, occupstio~ ~r iwpiioyatnt, i!
~ ar:y, o! th~ o~f~ror, an ~xecu<<rd copY of th~ bona lid~ o!!~s loac
•aid l~ass or purc3~~ to b~ ~nclos~ltirith suoh uotic~. If
AB~CI~ITIOI~i is dssirons ot s~rcising ft• vptian to l~ras~ or pureh~a+M
~ said PRIVl~i'= DIf~.~c3 on th~ sam~ t~rAS ~?nd co~litia~ as~ coe-
tai~d ia ~i+d bo~s~? tlda affar, th~n 14880CL?TIA~ shall notify th~
~ ownes of saf8 P~RZttATE DMiISS~i d~~iriag to l~sa~ or ssll th~ ~a~rr
~ o! tha wx~rcis~ Dy A980C=ATIO~ o~ its •1~ction to so Z~is~ or pnrehaa~
p aaid ~IV1~T'B ~7MEI.i.Z~10. •neh notia~ to b~~a xriting andd poat~d by
~ r~qist~r~d or certi~fod tiafl to sait! a+n,~r vrithir fonrtesn (14) days
- frau r~c~ipt by AB~OCIIITIOOi o! a~rnar's notice to said ASSOCIA?I0~ ~a
- h~r~iuabow rec~ir~d, Or oafd aotic~ in ~+~cittaq m~y b~ pvsso~lly
~ d~liverid to ~a~d o++~~r within said tourts~n (1~) dsy p~riod. i!
l1RSOCZl1TI0~1 ha~ el~ctsd to l~a~e or p~urchas• ~uch PRIV~I?S DM~.i.Z~,
~
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~ -14-
10.15 . 2 ~ ~ k FAGi (
40GK
:r.
220 ~i62
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SPIELVOGEL. GOLDMAN AND CARUSO. P. A. - ATTC)RNEYS AT LAW • t~tERR1TT lSLAND, FLORIDA
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