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1 ` • . OR BR ���� PG <br /> _ ' ' 2 of 4 <br /> Section 2. Option. Purchaser does hereby rarify and confirm those provisions of ' <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 pnrchaser(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 permit from Pasco County, Florida for the residence on such Lot (the ' <br /> "Tezmination Date"). For the avoidance of doubt, the Ternunation Date sha1l 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. Bindin Effect. The provisions of this Memorandum and Paragraph 21 of the I <br /> Agreement shall 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 /> ' IN WITNESS 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: ASSTGNOR: i <br /> I <br /> DUNE FL LANll I SUB,LLC,a Dela.ware �' <br /> limited liability company i <br /> /(�Z�`" ^ g � ; <br /> Y= <br /> Print Name ohn M.Ryan,Manager � <br /> � <br /> Print Name - , <br /> i <br /> STATE OF FLOR.IDA ) <br /> )ss.. <br /> COUNTY OF HILLSBOROUGH ) ; <br /> � <br /> The foregoing instrument was acknowledged before me this�day of � �, <br /> � <br /> 2017, by John M. Ryan, as Manager of DUNE FL L�AYD I SUB, LLC, a elaware limited ' <br /> liability company on behalf of the company, who (�is personally known to me or (� has <br /> produc or identification. - � <br /> ' I <br /> - � <br /> I <br /> i <br /> I <br /> Not y Pnblic <br /> My Commission Expires: y���� <br /> saar�+��r��'�'Y�� <br /> •,��"•, KELLEY REMMEL <br /> :��'��': <br /> :+: :,: MY COMMISSION�GG 0731T! <br /> iw�. :o�: p(PIRES:May 31,2021 <br /> �'•�j,oc�o:•`'BOfK1Cd TtItU Noiffiy P,�C�nd�►� I <br /> ,�,��•' • <br />