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, <br /> ', ' ' • �I"II�I�'I�'����II���I"I�'��I�������'����I'�'I����I'�I��'� � <br /> � , • � 2077099197 <br /> Rept: 1893844 Ree: 35.5U � � <br /> - DS: 0.00 IT: 0.00 � <br /> 06/23/2017 eRecording ! <br /> I <br /> This Instrument Was Prepared , � <br /> By And Shoald Be Returned To: PAULA S.0'NEIL,Ph.D.PASCO CLERK 8 COMPTROLLER <br /> 06/23/2017 09:46 AM 1 of 4 � <br /> I,ee E.Nelson,Esquire OR sK 95�� pG 9g� � <br /> Shutts&Bowen LLP <br /> 4301 W.Boy Scout Blvd.,Suite 300 <br /> Tampa,Florida 33607 <br /> � � <br /> � � <br /> MEMORANDUM OF OPTION TO REPURCHASE • <br /> THIS MEMORANDUM OF OPTION TO REPURCHASE (the "Memorandum") is ; <br /> made and effective this Z 2-day of �us�z , 2017, by atad between DUNE FL LAND I <br /> SUB, LLC, a Delaware limited liability company ("Seller'� and LENNAR HOMES, LLC, a <br /> Florida limited liability company("Purchaser"). <br /> RECITALS: � <br /> WHEREAS, Seller and Purchaser have heretofore entered into a Lot Purchase and Sale j <br /> Agreement, with an effective date of July 7, 2015, as amended (collectively, the "Agreement"), <br /> for the purchase and sale of property located in Pasco County, Florida, as more particularly <br /> described therein,and � <br /> WHEREA5, Pursuant to�the Agreement, Purchaser has concurrently herewith, closed its <br /> purchase of the following: <br /> See Exhibit "A" attached hereto (each individually the "Lot" or collectively the I <br />� "Lots"). <br /> , i <br /> WHEREAS, Purchaser s purchase of and closing of the Lots is with the i.ntention and for <br />, the purpose of Purchaser's construction thereon of a single family home, and �' <br /> WHEREAS, pursuant to Paragraph 21 of the Agreemen�, and pursuant to the terms and : <br /> conditions set forth in this Memorandum, Purchaser has given and granted to Seller the option to � <br /> repurchase the Lot(s) in the event that Purchaser desires to sell such Lot(s) prior to its <br /> construction of a residence thereon, or prior to entering into a written contract to construct a i <br /> residence on such Lot(s)for its intended purchaser, <br />� NOW THEREFORE, for and in consideration of the premises hereo�the mutual covenants <br /> I <br /> herein contained and for other good and valuable considerations,the receipt and sufficiency of all of ' <br />�I which are hereby acknowledged,Seller and Purchaser do hereby covenant and agree as follows: i <br /> Section 1. Recitals. The above recitals are true and correct and constitute part of this <br /> Memorandum. <br /> i <br /> ..�-' <br /> I <br />