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i <br /> . <br /> � OR BK ���� PG g9� <br /> , ' 2 of 4 <br /> Section 2. Ontion. Purchaser does hereby ratify and conftrm those provisions of <br /> Paragraph 21 of the Agreement pursuant to which Purchaser has granted to Seller, and Purchaser � <br /> does hereby grant to Se11er, the option to repurchasc any Lot�in the event that Purchaser desires <br /> to sell such Lot (a)prior to its construc#ion of a residence thereon, or{b)prior to entering into a <br /> written contract to construct a residence on such Lot for its intended purchaser(the "Third Parly i <br /> Buyer"). � <br /> Section 3. Term of Option. Purchaser and Seller agree that the option rights described in , <br /> Section 2 of this Memorandtun shall 'unmediatety terminate as to each Lot without the necessity � <br /> of recording a termination hereof in the Public Records of Pasco County, Florida upon the <br /> issuance of building permit from Pasco County, Florida for the residence on such Lot (the <br /> "Termination Date"). For the avoidance of doubt, the Termination Date sha11 be established as a <br /> matter of public record upon Purchaser's conveyance by deed of the Lot to a third party buyer. � <br /> Section 4. Binding Effect. The provisions of thi.s Memorandum and Paragraph 21 of the '�� <br /> Agreement sha11 run with title to each Lot, as the case may be, and shaIl hereafter be binding � <br /> upon Purchaser and its successor and assigns until the Termination Date. <br /> . I <br /> ' IN WITNES5 WHEREOF, the parties hereto have caused this Memorandum of Option <br /> to Repurchase to be executed as of the date first written above. <br /> WITNESSES: ASSIGNOR: <br />� I3UNE FL LAND I SUB,LLC,a Delaware <br /> limited liability company <br /> ���� ~ � i <br /> By: <br /> Print Name ohn M.Ryan,Manager � ! <br /> i <br /> I <br />� Print Name " I <br /> STATE OF FLORIDA ) <br /> )ss.. <br /> COUNTY OF HILLSBOROUGH ) <br /> The foregoing instrument was acknowledged before me this�day of � � <br />' 2017, by John M. Ryan, as Manager of DUNE FL L I SUB, LILC, a elaware limited <br /> liability company on behalf of the company, who is personally known to me or (� has � <br /> produce or identification. - ' <br /> . ' � <br /> I <br /> � <br /> Not y Pnblic � <br /> � <br /> My Commission Expires: y'��2f � <br /> • ..,a...... , <br /> '"�• KELLEY REMMEL <br /> =��•:�� MY COMMISSiON#GG 0731T7 <br /> - r_ <br /> i��, •'o EXPIRES:Mey 31,2021 <br /> ��"g,°:��t�".••• BoodedThruNota�YP+�NCIMderwrdeis <br />