HomeMy WebLinkAbout1586 ~ .
~9 194
pro rata shares of the interest of the defaulting owner. ~Notice
of such asses~ment shall be given within 5 days after the day of
sale and the payment shall be due at 2:00 P.M., Eastern Standard
Time, on the lOth day after the day of sale; provided, however,
that Trustee in its discretion may advance such sums as shall
be then required to meet obligations of the trust and include
such assessment in the next assessment to be made. Any Owner
fa~ling to pay such further assessment will be in default, and
his interest shall be sold in like manner after not less than ten
days' notice thereof.
9. Title of Trustee, Trustee shall not beanswerable
or responsible for the validity o£ the conveyance to him of the ~
land nor the title thereto, nor for any subsequent encumbrances
other than such as may be caused by the acts of Trustee.
Trustee's only liability as to the title of the land ~hall be
to make lease or conveyance of the same or portions thereof _
upon i•mitten direction of Attorney-in-Fact as elsewhere provided
ljerein .
10. Possession of the Land. Possession of the land
~ shall be in Attorney-in-Fact, and neither the Trustee nor
i
i -
! any O~~rn~r shall have any right of possession or of management.
~ 11. Notices. All notices required hereunder ~hall be
~ -
given by Registered or Certified Mail, Return Receipt requested,
and ~::~11 be mailed in the State of Flortda and shall be effec-
tive IZ'O:il the date of mailing. Noti~es to Trustee shall be
~ ac~ares.ed to his principal place of business. Plotices to
0~•:rers and Attorney-in-Fact shall be addressed to the last
~ addre~s furnished by each of such parties to Trustee. Not~ce
~
~ to ht~orney-in-Fact Uhall be sufficient if addres~ed to the
~
` Attorney-in-Fact last acting unless Tru~tec shall have received -
~
~
~
~ notice in tvriting t~~at a suUstitute or successor Attorney-in- ~
~
4
~ Fact is acting. ~
~ ~
~ ~
~
G R 8 Pa~ 15 ~
s 3i2 15~4 BOOK ~ ~
F ~
~ ~ L'~~~~~i1
,
..-~,~:a:~sa.,_ T . . , . - - . _ . . ~ - --~c