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Lakeview Property or the Oceanview Property, secure a
binding and enforceable agreement with Utility Company
providing for an adequate supply of sewer treatment
capacity for the development of phase one of the Lakeview
Project with enforceable provisions, subject to customary
contributions in aid of construction by developers and
applicable regulations for the enlargement of the capacity
of said plant to accommodate the sewage needs of the ,
remaining stages or phases and recreational facilities
contemplated to be constructed upon the Lakeview Property
and. Lakeview represents and warrants that such agreement
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and all rights thereunder will be coupled with an interest
and run with the Lakeview Property and Oceanview Property #
for the benefit of all subsequent owners and be binding on ~
subse uent owners and o erators of the sewer lant and
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which agreement is subject to the prior approval of
Bankers, which approval will not unreasonably be withheld,
and Lakeview agrees that it will not alter, cancel, waive
r or otherwise limit or amend its rights pursuant to said
agreement as approved by Bankers or the nature of the
~ agreement or cause the same to be or become in default
without the same constituting a material default under the
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Lakeview mortgage or without the express advance written
consent of Bankers.
BOOK~4~ PMGE~7~4
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M[11sNOM. lAIrT[M. JONNlTON, OYN110011 • COL[. 1.00 /111lT NATIONAL •ANK OYII.OINO. MIAMI, /1OI110A
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