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i <br /> , i <br /> ' <br /> OR BK ���� PG ��� I <br /> + � 2 ot 4 �' <br /> , ' II <br /> Section 2. Option. Purchaser does hereby ratify and confirm those provisions of I <br /> Paragraph 21 of the Agreement pursuant to which Purchaser has granted to Seller, and Purchaser , <br /> does hereby grant to Seller, the option to repurchase any Lot�in the event that Purchaser desires � <br /> to sell such Lot (a)prior to its construction 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 Party � <br /> Buyer"). , <br /> Section 3. Term of Option. Purchaser and Seller agree that the option rights described in <br /> Section 2 of this Memorandum shall immediately 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 pertnit from Pasco County, Florida for the residence on such Lot (the � <br /> "Termination Date"). For the avoidance of doubt, the Ternunation Date shall be established as a i <br /> matter of public record upon Purchaser's conveyance by deed of the Lot to a third party buyer. <br /> . i <br /> Section 4. Bindin�ect. The provisions of this Memorandum and Paragraph 21 of the � <br /> Agreement shall run with title to each Lot, as the case may be, and shall hereafter be binding � <br /> upon Purchaser and its successor and assigns until the Termination Date. <br /> ' IN WITNESS WHEREOF, the parties hereto have caused this Memorandum of Option <br /> to Repurehase to be executed as of the date first written above. <br /> WITNESSES: ASSIGNOR: '� <br /> DiJNE FL LAND I SUB,LLC, a Delaware ' <br /> limited liability company ' <br /> ��� � � j <br /> By: � <br /> Print Name ohn M.Ryan,Manager � <br /> I <br /> � <br /> Print Name � <br /> � <br /> STATE OF FLORIDA ) � <br /> ) ss.. � <br /> COUNTY OF HILLSBOROUGH ) I <br /> �I <br /> The foregoing instrument was acknowledged before me this�day of � <br /> 2017, by John M. Ryan, as Manager of DUNE FL L�AYH I SUB, LLC, a elaware limited <br />, liability company on behalf of the company, who �1s personally known to me or (� has <br /> produce or identificarion. - <br /> . i <br /> � <br /> I <br /> Not y Public � <br /> My Commission Expires: y'��� , <br /> • .��.....--•�-��+..`-' <br /> r�.•���y�' KELIEYREMMEL <br /> �4���� <br /> ,: MY COMMISSION�GG 0731T! <br /> cr' i I <br /> 'sw,.f .g EXPIRES:Mey 31,2021 <br /> �'.�go� �P.• 8ordedThiuNota+YP�CUr�d� i <br /> .,�f.t•'' . I <br /> � <br /> , � <br />