APPLICATION FOR PERMISSION TO TRANSFER
REAL ESTATE/_/ MEMBERSHIP AND -REAL ESTATE/_/
In accordance with the provisions of Article VII, Sec. 5, of the Bylaws of the Lake Forest Association, Inc., which provide that "In the event any member desires to sell his real estate, it shall first be offered to the association upon the same terms, and conditions as any valid offer as has been made to said member by any other party."
I,______________________________________ AND __________________________________________
(Member's full name) (Spouse s full name, if none, show "None")
a member in good standing of the Lake Forest Association, Inc., desiring to sell
Lot No. __ , as shown on the maps of the Lake Forest Sub-division in Windsor
Township, Lawrence Co., Ohio recorded in Plat Book No. 6 at Page No. 52 and
following pages, in the Lawrence Co., Ohio, Record of Plats, and having received
an offer from whose address is_________________________________ for the sum of ____________________________($_________________), do now offer the said Lot No /___/ to Lake Forest Association, Inc. for the same amount.
If the Lake Forest Association, Inc., does not exercise its option to purchase this real estate within a reasonable length of time, and in no case later than at the next regular meeting of the Board of Directors following the receipt of this signed application, I then request permission, in accordance with the provisions of Article VI, Sec. 1, of the Bylaws, to transfer my membership back to the association and/or real estate as designated above to ___________________________ provided that he or she is or has been approved as a member of the Lake Forest Association, Inc., by the Board of Directors of the association, and at such time that all indebtedness appurtenant to my membership and the said Lot(s)/____/ is satisfied, including but not limited to the prorated share of the current year's dues and assessments for the period to date if dues and assessments have not yet been paid, and where applicable. I further understand that all key cards issued to me are to be handed in to the secretary.
I understand and agree that in the event that this requested transfer, as designated above, constitutes a termination of any and all of my properties in Lake Forest and I desire to maintain my membership, I must indicate my intent herein and firm up on the purchase of another lot, in no event before, but within 30 days from this date. /_/ I intend to purchase another share (with lot).
------------------------------------------------------
Date______________ Member's Signature_______________________________
Transfer recommended ____________________________________, Secretary; date_____________
I certify that the above option to purchase the above real estate was declined and the request for permission to transfer the above mentioned real estate as indicated was approved by the Board of Directors, Lake Forest Association, Inc. at its meeting held on _____________20___.
Date_________ Officer, LAKE FOREST ASSOCIATION, INC._________________________