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the Association or its assiqnee, shall have the right of first '
refusal to repurchase each lot, if, as and when the Owner ;
thereof, or his heirs or assigns, shall elect to sell said ~
property. The Association shall have sixty (60) days within }
which to exercise its riqht to repurchase said property on the :
same terms and conditions as any bona fide offer which the Owner -
may have for the purchase of said property. Said sixty-day ~
period shall comm ence upon written notice from the Owner to ~
Association of Owner's intention to sell, and enclosure of a copy ;
of the offer signed by the proposed purctaaser. This covenant
shall run with the land and be bindinq upon each Owner, his heirs
and assigns, and inure to the benefit of Developer, its
successors and assigns. The right of first refusal hereby given
and granted to Association may be waived by Association or by
Developer by endorsement of the approval of Association or
Developer of any conveyance on any deed from the Owner of any lot
of the words: "Conveyance approved and purchase riqht under
General Covenants and Restrictions waived"; followed by the
signature of the President of the Association or Developer. Such
endorsement shall bind Association and Developer, their
successors and assigns, and no grantee or mortqagee of any owner
shall be obligated to make further determination of Association's
waiver and approval but may rely upon the endorsement and waiver
; shown on the face of a deed by Developer or Association.
Further, no grantee or mortgagee of any Owner need make i~quiry
~ as to compliance with this covenant by any predecessor in title
~ of such Owner when the Owner has been in title of~record for
sixty (60) days or mvre. This provision shall have no force or
effect until Developer has caused to be recorded a copy of the
articles o£ incorporation of Association in the public records of
St. Lucie County, Florida.
VII. EXTERIOR MAINTENANCE ASSESSMENT ~
Section 1. Exterior Maintenance: In addition to mainten-
ance upon the Common Area, the Association may provide upon any ;
Got requirinq same, when necessary in the opinion of the Board of ~
Directors of the Association to preserve the beauty, qualfty of ;
the neiqhborhood, maintenance, including paint, repair, roof
repair and replacement, qutters, downspouts, exterior building
surfaces and yard cleanup and/or maintenance.
Section 2. Assessment of Costs: The cost of such
~ maintenance shall be assessed against the Lot or Lots upon which
~ such maintenance is performed or, in the opinion of the Board of
Directors of the Association benefitting the same. The
assessment shall be apportioned among the Lots involved in the
r~anner determined to be appropriate by the Board of Directors of
the A ssociation. If no allocation is made, the assessment shall
be uniformly assessed against all of the Lots in the affected
area. The exterior maintenance assessments shall not be
considered part of the annual or special assessments. Any
exterior maintenance assessment shall be a lien on the Lot and
the personal obliqation of the Owner and shall become due and
payable in all respects, together with inteLest and fees for the
7-16-85 Res Plt ~0~~4?•3 PAGE e~~`t
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