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Operating Company, herein~.~ter rei=~: ?-~ed to as "cvater company" ,
such easements for irrigation and drainage facilities as, in the
opinion of Beindorf & Damerow, engineers, or such other engineers
licensed or certified by the State of Florida as Operating Company
may designate, find to be necessary or convenient. Owner further
agrees to grant to Operating Company, or its designee, for the
' common use of Operating Company and each of the owners of land
inclu~eci in the iands described in Exhibit "C'~- atL~~neU iierett~
and made a part hereof by reference, such easements and rig~its af
~,ray as are necessary or convenient, in the judgmeiit of Beindorf &
Damerow, or such other ~nyiiieei5 lic:ei~5~d v~ ~:e~ ~ifi~~ uy ~hc ~tat~
of Florida, as Operating Company may designate, for the development,
maintenance and care of the citrus orchards and lands located in
said tract.
IX
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~ That Owner shall pay such initial and annual membership
fees and compensation and all other costsfand charges as are neces-
' sary to becorne and remain a member in good standing of said water
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company. i
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X
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That Owner shall, during the term of this Agreement and
caii~i Clil.C11j1.1~I'1 C3r icilLi%rc,t1 ~ii`c:i::t1~~ t:a~ r.~i z: :1 ~..;a ~_y-`;;..Ml ~r..__ ~
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~ perty taxes and assessments levied upon or canstituting a lien ~
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upon the l~and directly'to the taxing or assessing authority. ~
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! XI ~
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That time is of the essence of this Agreement. That in
the event the payments herein required to be made are not made :
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within thirty (30) day5 from the date upon which they fall due, I
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then a penalty shall be charged against ~nd paid by Owner in the
° amount of 10% of the delinquent payment; and, in addition, delin- ;
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quent payments s1~a11. bear interest at the rate of .833q~ per month. ~
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