Introduction
( continued)
with the exception of the POA Administrative Office, Owner
has deeded to the POA all of its right, title and interest
in and to the recreational facilities and buildings that
Owner and sic erected on the Property. The timing of
delivery of a Deed to the POA conveying Owner's title to the
Administrative Office building is governed by the
Declaration.
Owner is in the process of closing out its interest in the
Lakemont Shores development. That interest extends to over
1,400 lots which remain under its ownership. In order to
dispose of these lots as swiftly as possible, Owner has
embarked upon a three-step plan of action as follows:
Introduction
(continued)
Owner is willing to reimburse the POA for all expenses
incurred in coordinating the purchase of any lot made
available by Owner, including the compilation and up-dating
of a list of available lots and the transport of prospective
purchasers to the lot sites.
Agreement
(continued)
IN WITNESS WHEREOF, the undersigned parties have caused their
4f ' 19 a-.
respective c~rporat. e names to be signed to this instrument on
Owner:
B~~~
SOUTHWEST BENEFICIAL FINANCE, INC.
POA:
LAMONT SHORES PROPERTY OWNERS
ASSOCI~
B~Ç1
Chairman Directors
;k....~.~~
W;fu u
My Comíni~siori .Ëxpir-es
July -27, .1992.:.-