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1989-169
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1989-169
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Last modified
4/6/2022 3:22:12 PM
Creation date
10/2/2020 12:12:32 PM
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/26/1989
Control Number
89-169
Entity Name
Sea Oaks
Subject
PURCAHSE AGREEMENT AND IRRIGATION AGREEMENT
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• <br />0f <br />0 M <br />billing summary for potable water consumption. Coralstone <br />hereby authorizes Service Company to obtain directly from the <br />provider of the Property's water utility service the Property's <br />monthly consumption records. Coralstone shall reimburse <br />Service Company for all expenses incurred by Service <br />ascertaining said monthly consumption Company?in <br />records. Notwithstanding <br />any provision in this Agreement, Service Company may establish, <br />amend or revise, from time to time, in the future, and enforce <br />rules and regulations covering sewer services to the Property. <br />However, all such rules and regulations so established by <br />Service Company shall at all times be reasonable and subject to <br />such regulations as may be provided by law or contract. <br />Any such initial or future increased , <br />schedules and rules and regulations est blish d,ratesamendedraor <br />revised and enforced by Service Company from time to time <br />the future, as provided by law, in <br />shall be binding upon <br />Coralstone; upon any person or other entity holding by, throu <br />or under Coralstone; and upon any user or consumer of tghh <br />e <br />services provided to the Property by Service Company. <br />16. Binding Effect of Agreement This Agreement <br />shall. be binding upon and shall inure to � the benefit of <br />Coralstone, Service Company and their respective assigns and <br />successors by merger, consolidation, conveyance or otherwise, <br />subject to the terms and conditions of <br />contained herein. this Agreement as <br />Coralstone understands and agrees that <br />capacity reserved hereunder cannot and shall not be assigned by <br />Coralstone to third parties without the written consent of <br />Service Company, except in the case of a bona fide sale of <br />Coralstone, or other valid transfer or assignment of property, <br />including, without limitation, the transfer or assignment of <br />Coralstone as a result of a judicial proceeding, such as <br />mortgage foreclosure or sale, and assignment for the purposes <br />Of obtaining financing. In any such case, Coralstone shall <br />provide a Notice or evidence of such assignment, or partial <br />assignment as the case may be, to Service Company, and Service <br />Company shall have the right to renegotiate the terms of this <br />Agreement with assignee or the transferee. Such approval to <br />sale, transfer or assignment shall not be unreasonably <br />withheld. Nothing herein shall preclude sales of individual <br />units and assignment of rights of sewer service pertaining <br />thereto. <br />17. Notice o Until further written notice by either <br />party to the other, all notices provided for herein shall be in <br />writing and transmitted by messenger, by mail or by telegram, <br />and if to Coralstone, shall be mailed or delivered to <br />Coralstone at; <br />The Coralstone Utility Company <br />C/O Consolidated Vista Development <br />Corporation <br />200 Ocean Avenue, Suite 102 <br />Melbourne Beach, Florida 32951 <br />and if to the Service Company, at; <br />Sea Oaks Utilities, Inc. <br />Post Office Box 157 <br />Wabasso, Florida 32970 <br />18• Laws of Florida <br />governed by This Agreement shall be <br />the laws of the <br />and become effective State of Florida and it shall be <br />hereto, immediately upon execution by both parties <br />subject to any approvals which must be obtained from J <br />governmental authority, if applicable. <br />12 <br />
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