HomeMy WebLinkAbout0809 ( 1 ! it„• • , ,.1? ~_i 1 t~.. . 1~~•.,~~i ~:iti~i~~ Y.tlirty
( ;u) ,t.~y~~, .~I r~ : ~!~•l iv~•c•~ ~«.,il.ing c~f the ,,c~re~~m~nt
~,t,c..l~.,:,.•, ~,r ~~~,~~r~ t,l~~• c1.,c.c~ :lc:siyn~t~d in th~~
.i i~..~t ~ r c v,•~i ~:.;ii: r.:,. t, •..l~icii~v~~t ~f~: tc.• sh~l l b~ 1~ ter.
( ) .1 ,:~~r' i : i~ ; , : th•~ A:.scci~itiun ~xecut~d
i~•• .,r?y c t i~~: c~t t i~:~•~- ; in r~c.~rci~3UlE' f orm si~all be
. ; . . ~ri•d re, t:;~ ;.,,t c.li<~s.~~r,
(_s j i c tt,~~ „_.,:c.~~: i,: ~ ic~r, ~h~,] 1 f ai2 to F~urchase
c~i E. r~,v i~i~~ E>~:rc:h:~~.~•r u~,c>n dc:m~•nci of th~ ap~rLm~.~nt ~
c,:.~~~ t.t,~~ ;~,.,,~,~t~r E,rc.vi~.iz,~, ~r if the pur~ha~er
y Ul;il ~~ltttj lt~~ r1_~~(i~:1:tL10f1 `.~~1c311 C~E.'f7~Ult lfl f11S
~ .+~~r~~•~~~~~~•n~ t.c~ ~~urct~.,~~~, Ch~ propos~d transaction
~,IZ~l11 b~• dc~c~,n~~~! tc~ h~ve been approved, and the
~~_,_.r.;:i:,tic>n ~hall furnish ~ ccrtificate of approval
` ~1:~~~.~h~re pravi~l~•~i, ~in recordable form. ~
( h) l.t•;,s~ , I t tt~~ ~roposrc! transaction is lease,
t}~e <~r~:rt~n~•r~L c~r,nc'1' E'i}y,:] l 1~~ advised of the disapproval
ir~ ?vritin~~, ~?nd th~ l~~~s.~ ~h~ll not be made. . .
• ( c• ) i~i t~ t. ,.ls~vi~:e c~r inhf•rit~ncc~~ • other transfers.
I t ti~~_ .~E,.~i L~n~~nt o~~.~~~ x c~lviny nc.tice as acquire is title
t~y ~~i t t. ,.lr~vi c;r i nl;~-ri t:~ncc, or in any ot~er rnanr~er,
tt?~~n ~•.i thin ti~ir ty ( 3U )~tuys f ter receipt from tt~e
aE.~art.rn~•nt oti.~~~:1~ of tt~.~ notice ~nd inform~tion required to
k~e ~~:r~?ish~~~l, tt:E: As~:,c,~i:1rion sh~,ll ~deliver or mail by
r~~~i~t.~rc~~i m,.?il Lc, th~ a~,~,rtinent otivner an agr~ement to
E~ur~.l~~~~~<~ t,h~• :~E,<trt.in~:nt c~>r,c:~rnt~ by a purchaser a~proved ~
J)/ •.S~f~ ~~JJ~I(.1~,I ~lUtl '..fi~i ~•:111 purch:~~~ d(1Cj t0 whom t,fl@
,~F;~~r ~~n~•n t oti:~~~~: r ~nu ~ t ~;~~I 1 th~ ap~r tm~nt upon the
fc,;llt.:~i?,~~ [tns:
(1 ) Tte~ 3.~1c~ ~-,ric~:~ shall b~ the fair market
v.~) u~~ cl~~t~-~.,uir,~•ci Ly ~gr~~ement betv.een the seller and
, tt?~• E~ui~:t~~~~r ti.ithin thirty (3U) days from the delivery
~~~r rn~il:Lng c;i :;uch ayreernen~. In the absence of
_~,~r~~.~~n~-nt to 4,rice, the price shall be deterr^ined
t,y :~rV,i t~-.~ tion in ~~ccord.jnc~~ wi ti~ ~he then existing
c~.,ic~~:., ~~c~ ti~~: ~;cn~ric~n E;rbitration Association, except
{h~t t'?~ arbitr•~tors shall k,e twro appraisers appointed
t,y rt~~• I~r<<-ric~n ~irbitr~tion Association tivho shall base
'.t,~. ir ti~•t~rr~in~tic~ri upon an averaye of their appraisals
c,t tt~,~ ~,~;artrn~•~;t: anci a ju~ym.~nt af specific perform-
,+n~.f• ~~f tt~=- salt' ~?~on tr~ award renderc~d by the juris-
~li~: t i c~n. '['h~- F_~x~~c-nse of thc urbitrdtio~ shall be paid
i:~y !.1?~ E,ur ch~ s~ r. I{~ any sUCh ac tion fcr specif ic
~.~rt.,~~~r~~nce th+- ;:r;•v;?iliny p~,rty sha11 hc entitled tQ
r~~i:~v~,r his r~:~:;cn~blc~ ~ttc~rnc:ys' .fees ~nd court
~o~t~~ ir~currc:a. .
w
T}«• s:~irch,~ r-ricc• ~hall be p:sid in cash.
~ it?~• ...:1~: ~.t .:il i,~. clc,~~d ~vit~,in t.hirty (30)
c{~>; 1~,:•.'1(1~~ J~.r ~.Itl:i~~~,Lion Uf t~~E: SJ1~ price.
f=: j c~~rtit~c ~t.c~ of th.: Associatian E'XE'cuted
i,y ,°:~:~i it ~ cf t i~.er~: in rc~cc~rdable for~n shdll be ;
im..i-. ;1 to E~urc:l~~~~r.
i`-~) ii Lh~• t,~~~~~ciation ~hall fail ta prcvide
1;.+~,:'..:::L~r r~•c~ui.r~.~.l t~y this instrument, or if a
::t,.:~.:~.r : urr~i•.i~~~c~ !:y tt~c• /{ssociation shall default
i:. ':i~. :~ar~~~~.n.-:nt. to r,urci~~ase, then notvrithstanding the
:c , rc,v~~I ~:~,,,f. c,:-•;r~~~r~t~i~, ~t~iall be dec~med tc have
'~~•~•n .~rr;rcv~~ci, ,~n~~ ch~ Association shall furnish a
~ i: <<_~ t~.: U: .,r,~,rr.v~] ~s elseti•.here provided, in
. - t : :i~1~. ::,i: , t! • ~ ! ~inf ri}. C~~rn~rs,
' 600K ~i+G~J i7tL~ ~
_ l-;_ .