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t'~~~uit~•, Fl~~rida, nccl:u•ati~n ~f ('undominium and that the above described warranty deed shall i,~ xddition
t~~ th~~ ~mit d.•:rrih~~l alK?~•e nh~~ c~~m'ry' :tn undi~~ided intere~t in und to, as well as the right of use of, the com-
mu~? u<<~ ~~I~~n~ci~t. uP ~:~id condumiiii~im set forth in ~t~e same, induding the streets, electrical di:~tribution,
~~;~tr~• :uul ~r~~:?~,•r di.tril~ution ~~~~trm:~, and recreution~l facilities. In additian. the Purchaser shall t~ecome a
~ n~~~m~~.•r ~~i the r~~~i~l~uniniun~ .~~~~~~•iati~?i~ ,u~d enju~• iill of the rights, privileges and oUligations of such memUership.
'I'hr 1'«rrhu~e~~ .~~?rc~~ ih.Yt f~~om .u~d ~fter the date that the lot con~eyed herein as ready for occu-
~ },;?rn•~•, h~~ ~~ill ~?:i~• in r~unmon ~•ith all other o~~•ner~ of units in said condominium (on a pro rutu ownership basis)
th~~ n~:~intrn,u~~•r .~n~l ~~~?er.~tional charses le~ied by the condominium. including charges for water, electricity~
~ :~~~~~~~r.~,:r ~li.1N~.a1, tr:?.h .ind ~;:u•h,i~;e pickup~ building. ground and road maintenance and land rentals, all as
~f~•:r,•;~~~•~I i~~ the l~r~•I.u•:~ti~?n of Cundominium. Purcht?ser also agrees from and after date of purchase to pay all ~
~ t:?~~~~ and :INNC~~ilil'll~~ IP\'IeII A~;illll~t said lot.
~ (GI The lot ~~~hirh i. the subject mutter of this contract is restricted to ~use as a parking place for z
' .-ccr~~;etie~~zz! rti~hit•le el~~it~, ~~~~d indicated aforesaid, entitles the Purchaser to membership in a condominium ~
,i:.~?ciati~~n,~thcrel,~• p.u•ticipatih~,? in the ow~ership of certain common use properties, including. but not limited ~
~ to, ~~~•imn~in~; ~wul., I?.tth house~, tennis courts, shufileboard courts and other recreational facilities~ all as ~
~e.criLed in the l~~~c•l.~r:?tion of ('ondominium. The Owner shall also own a proportionate undivided interest in
cert~in common elementc. including a H ater distribution system, sewerage collection system~ electrical distri-
~ batiou cpstem .inct ,tr~.~et. illll~ piit~l\titij~ titiit~ittl the condomi:ti~m pmgerty. The actt~t~1 enct of operation of the
condominium a.ss~~riatic,n. tuch as gari~a~e collection, payment of utilities and insurance and general maintenance
.~re included in the expen~es for «hich right of assessment is granted to the condominium ~?ssceiation against
e.~rh lut oWner. The imuro~•ements !o t~e constructed by the Ow in a progressive schedule and will Ue completely
n ~n:tallc~l on or before ,3 , . q~~ ~ ~ ,
~ The Ow ner I,y its execution of h~ ag
eefii~nt, kn wledges that~as~ rmshed the Purchaser a copy
~~f the Ileclaration of Condominium. and the Purchaser, by his execution of the same, acknowledges that he has
~~xaminecl and has read the same and is familiar with the contents thereof. including all limitations as to use
~ ~~~f hi, lot. together with the rights and liabilities incurred as a result of his membership in the Association.
. The Purchaser conclusively acknowledges that he is not using and does not expect to use the lot as his
principal residence as referred to in the Consumer Credit Protection Act and in the regulationa thereunder.
(7) The Purchaser by the execution of this agreement acknowledges receipt of the delivery and the
opportunity to examine the Florida Public Offering Statement.
(8) The Purchaser warrants and represents that he has read and understands the provisions of this
agreement and that he has familiarized himself with the basic restrictions, covenants and conditions afTecting the
~ unit above described and all other units in said condominium and further warrants and represents that he will
~ comply with the same as set forth in the Declaration of Condominium at all times hereafter. The Purchaser
further warrants that the lot is not intended to be used for his principal residence.
~ (9) The Purehaser has the option to void the contract or agreement if he does not receive this property
report prepared pursuant to the rules and regulations of the Office of Interstate Land Sales R,egistration, U. S.
Department of Housing and Urban Development, in advance of, or at the time of. his signing the contract or
agreement. The Purchaser has the right to revoke the contract or agreement within 48 hours after signing the
contract or agreement if he did not receive the property report at least 48 hours before signing the contract or
, agreement. This revocation authority shall not apply in the case of a buyer who (1) has received the property re-
. .a a..a a~... l..a ...,..~ti,ovsvi ~r loseo~i in Af~VAflCP Af sienin¢ the contract or agreement, and (2)
yvi i aiiu ti?SEs£z.wu ~:.a.
acknowledges by his signature that he has made such inspection and has read and understood such report.
IN ~YITNESS WHEREOF, the parties have hereunto caused this agreement to be executed the day and
year first above written.
~ SSES: OUTDOO SOBTS F M INC.
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Purchasers
C
STATE OF
COUNTY OF
Before me. the undersigned authority~ personally appeared ~
to me well known to be the person described in and who executed the foregoing instrument as
of OilTD00R RESORTS OF AMEKICA, INC., a Tennessee corporation, and he acknowledged before me that
he executed such instrument as such oft'icer of said corporation and that the seal aftixed thereto is the corporate
seal of said corporation and that it was affixed to said instrument by due and regular corporate authority and
that said instrument is the free act and deed of said corporation.
Witness my hand and official seal at County, this day
of ~ 19 aoEO
l~ ~ M Notary Public ~ ~uc~E_~~~NaAS
My cammission e'res -.~1 ' l RD~i~ '~~y~~-,~ C4U~1
/ CLE~ yER'`~cv
STATE OF D~._. s~S nEt~a'~ 6~K+~~
' KA1 ~ S
COUNTY OF ~
ore me{~tha`undersi a t orit ~ person gd ~ ~ ~
to me ~vell k~~p ~jt ~ own to me to be the individ s) described in d who xecu e foregoing instru- ~
ment aeti ~n~c~weer{~7,~,~~'l~heY acknowledged before e at he/they e uted tN e free and voluntarily
ior the~o~tp . ~ • ~ !
' afficial seal this daq f •
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