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Home My WebLink About2189 hypothecate or mortgage his grove as security for any obligation, ~ without the consent of any other arson. The Owner shall r P p ior. to any hypothecation, inform and give notice to the security holder of t-his Management And Operating Agreement. (b) The Owner may,, by gift to a member of his immediate family, transfer, assign or devise his grove, or any portion thereof, free of any obligation to sell his grove to any of the other Owners or Operator as required by subparagraph i (a) immediately preceding. "Immediate family" for purposes of this agreement shall be deemed to mean Owner's spouse or issue, or a trust for his, her or their benefit; provided, however, such member of Owner's immediate family shall hold such property 't - ~ subject to all of-the terms and provisions hereof and shall make no further transfer, other than as herein provided, except for transfers by way of gift or devise to such a trust or to members of said donee's immediate family. (c) Any option which becomes a contract for. sale ~ and purchase shall-be enforceable as if the same were a contract for sale and a purchase on the form approved by the Florida Association of Realtors and The Florida Bar, Copyright 1978, a copy of which is attached. 12. During the term hereof, Operator shall be exc-l u- i sively in charge of water control and management (including ~ without being limited to irrigation, drainage and Common - Property operation) and all road maintenance, at cost. for the F benefit of all persons owning groves in the Grove, and the costs ~ and ex enses thereof shall be P pro rata among all such owners.. ~ 13. The title to the Common Property shall be held by f - ~ Operator in its name as Trustee for the benefit of all persons ~ owning groves in the Grove, each of whom shall have an undivided interest therein equivalent to the proportion that acres in his grove bear to the entire number of acres in the Grove; and the costs of management and maintenance of the Common Property shall be borne by all of the owners in the same proportion. - -8- - i ~c~ - 600JJJ P~6E~8~ , i. - oar,-~.~~/ _ - - - - - r";