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within Manager's discretion, be
averaqed by it, and said charqes sh$11
be apportioned among the several condo-
minium Associations and/or buildinqs to
which such costs and expenses are qeneral,
pursuant to the provisions of this paraqraph.
3. Application of Collections. All assessments and
other revenues, if any, of the Association which Manager shall
collect shall be applied as follows:
(a) Insurance. First to the payment of premiums
on insurance policies carried by the Association.
(b) Manager. Next to the payment of the Manager of
its fee as hereinafter provided.
(c) UtilitYes. Next to the payment of all utilities
chargeable against the condominium. •
(d) Balance. The balance shall be utilized, applied,
disbursed and otherwise expended or reserved by
the Manager to pay the cost and expenses of
j , the services rendered by Manager under this
~
~ agreement. "Cost and expenses of services"
~ as herein used is defined to include any and
~
_ all costs or expenses incurred by Manager in
the performance of any of its duties or the
exercise of any of its pow~ers hereunder. .
4. ~Compensation of Manager.
(a) Direct Costs. All services performed by
Manager hereunder, including those services
and the exercise of those powers set forth
in paragraph 2 hereof, shall be at no cost
~
or expense whatever to itself but solely for
~ the account and at the expense of the Association.
Manager shall not be obligated to make any
~
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~QOK PASf ~UG?~O
MEILL ORIFFIN Jl~FRICS i LLOYO
CMARTEREO
P O. OOX 1270. fORT MERCE, FlOfi1DA ~3450 - TEIEPHONE ~~05) 464'A200
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