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� i � I IIIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII III��II IIII �� • ' 20770991�7 � � � Rept: 1873844 Rec: 35.50 I'� � DS: 0.00 IT. O.OQ I � 06/23j2017 eRecording ; I Tlus Instrument Was Prepared � By And Shonld Be Returned To: PAULA S.O'NEIL,Ph.D.PASCO CLERK�COMPTROLLER, 06J23�2017 09:46 gI3 1 of 4 � Lee E.Nelson,Esquire OR SK �� PG �� ' Shutts&Bowen LLP � '� , 4301 W.Boy Scout Blvd.,Suite 3a0 I �� Tampa,Florida 33607 i , I� � � � i I, I � I MEMORANDUM OF OPTION TO REPURCIiASE i I � I I i TIiIS MEMORANDi7M OF OPTION TO REPURCHASE (the "Memorandum") is i made and effective this Z Z day of �H e , 2017, by and between DUNE FL LAND I I SUB, LLC, a Delaware limited liability company ("Seller") and LENN.AR HOMES, LLC, a I Florida limited liability company("Purchaser"). � I RECITALS: WHEREAS, Seller and Purchaser have heretofore entered into a Lot Purchase and Sale Agreement, with an effective date of July 7, 2015, as amended (collectively, the "Agreement"), for the purchase and sale of property located in Pasco County, Florida, as more particularly described therein,and � j WHEREA5, Pursuant to�the Agreement, Purchaser has concurrently herewith, closed its � I� purchase of the following: �I See Exhibit "A" attached hereto (each individually the "Lot" or collectively the '' «��,�� , � � �� WHEREAS, Purchaser's purchase of and closing of the Lots is with the intention and for ' the purpose of Purchaser's consfruction thereon of a single family home,and WHEREAS, pursuant to Paragraph 21 of the Agreement, and pursuant to the terms and � conditions set forth in this Memorandum, Puichaser has given and granted to Seller the option to � � repurchase the Lot(s) in the event that Purchaser desires to sell such Lot(s) pri.or to its � construction of a residence thereon, or prior to entering into a written contract to conshuct a � . residence on such Lot(s)for its intended purchaser, I � NOW THEREFORE,for and in consideration of the premises hereo�the mutual covenants � herein contained and for other good and valuable considerations,the receipt and sufficiency of all of ! which are hereby acknowledged,Seller and Purchaser do hereby covenant and agree as follows: ' Section 1. Recitals. The above recitals are true and correct and constitute part of tlus �� , li Memorandum. I 'I �'� .�