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the Association or its assignee, 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 (6B) days within
which ta exercise its riqht to reptirchase said property on the
same terms and conditions as any bona fide offer which ~he O wner
may have for the purchase of said property. Said sixty-day
period shall commence upon written notice from the Owner to
Association of Ownet's intention to sell, and enclosure of a copy
of the offer signed by the proposed purchaser. This covenant
shall run with the land and be binding upon each Owner, his heirs
and assigns, and inure to the benefit of Developer, its
successors and assiqns. The right of first refusal hereby qiven
and qtanted 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 right under
General Covenants and Restrictions waived"; followed by the
signature of the President of the Associatio~ 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 qrantee or mortgagee of any Owner need make inquiry
~ 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 more. This provision shall have no force or
; effect until Developer has caused to be recorded a copy of the
articles of incorporation of Association in the public records of
St. Lucie County, Florida.
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f VII. EXTERIOR.MAINTENANCE ASSESSMENT
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~ Section 1. Exterior Maintenance: In addition to mainten-
ance upon the Common Area, the Association may provide upon any
Got requiring same, when necessary in the opinion of the Board of
~ Directors of the Association to preserve the beauty, quality of
the neighborhood, maintenance, including paint, repair, roof
repair and replacement, gutters, downspouts, exterior buildinq
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
~ Dixectors of the Association benefittinq the same. The
assessment shall be apportioned among the Gots involved in the
manner determined to be appropriate by the Board of Directors of
the Association. If no allocation is made, the assessment shall
b~ uniformly assessed against all of the L~ts in the affected
area. The exterior m~intenance 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 interest and fees for the
7-17-85 Res Crk BOOK`t~•J PaGE ~JU
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