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<br />For such case the OWNERS shall succeed to all rights of <br /> <br />DEVELOPER hereunder and' be liable for all duties of DEVELOPER <br /> <br /> <br />related to portions of property owned by OWNERS arising <br /> <br />after such termination. <br /> <br /> <br />C. If title by any owner of all or part of i'ts portion of the <br /> <br /> <br />Property shall be transferred, such transfer shall not effect <br /> <br />this Agreement :and operati on thereofagai nst the Property herei n <br /> <br /> <br />before described; and in such case the new owner shall succeed to " <br /> <br /> <br />the rights and be bound by any obligations of the prior owner <br /> <br /> <br />hereunder as to the Property conveyed 4nd the prior owner shall <br /> <br /> <br />be rel eased therefrom";_o, <br /> <br />D. This Agreement shall remain in full force and effect with respect <br /> <br />to the Property, but the obligations hereunder of the DEVELOPER <br /> <br />and the OWNERS shall terminate ,when the development described in <br /> <br />Exhibit B shall have been completed. <br /> <br /> <br />E. No owner shall be effectedby-any default by-or with respect-to <br /> <br /> <br />the- Property of another owner. The non-defaulting owner shall <br /> <br />have the absolute'right at its sole option; to ~ndertake the duties <br /> <br /> <br />and-responsJbiJ ities,oLthedefalilUng:..ow.ner:-.and mayo-act on the <br /> <br /> <br />defaulting owner's. behalf' to carry out the punpose oL this 'Agree- <br /> <br /> <br />ment. <br /> <br />Page 8 <br />