HomeMy WebLinkAbout1189to implement the decision and/or award of the arbitrators, a judqment
thereon shall be entered in a court of competent jurisdiction in
accordance with Florida law.
XVII
APPLICABLE LAW
This Agreement and the rights of the parties thereunder shall
be interpreted in accordance with the laws of the State of Florida.
XVIII
ATTORNEY'S FEES AND COSTS
In connection with any litigation or arbitration arising out
of this Agreement, the prevailing party shall be entitled to recover
all costs~incurred, including reasonable attorney's fees; provided,
however, the sum total of such costs and legal fees recovered shall
not excee3 30$ of the total recovery of the prevailing party.
XIX
LIEN ON PARTNERSHIP INTEREST
If any Partner does not pay any sums required to be paid to
preserve the Partnership property or to pay any obligation affecting
Partnership property, and any Partner advances ~ny sums_to protect
their interest or to protect the Partnership property, the person
advancing the money sha11 have a lien upon.the Partnership interest
of the Partner who did not advance his share, plus interest at ten
per cent (IO$) per year on all sums advanced, plus all costs and
attorney's fees incurred by the Partner(s~ advancing the money, whether
suit be brought or not; provided, however, that the Partner(s~ ad-
vancing the money shall give the defaulting Partner(s) fifteen (15?
days notice written or oral, to make all. required payments.
XX
MORTGAGE PAYMENTS AND RELEASES
The Partners agree to use the proceed monies from any sales
or partial sale of the property to reduce the mortgage lien or obtain
mortgage releases, unless ZANKL and TOMECEK shall uhanimously agree
otherwise.
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