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61 <br /> matched or exceeded, closing must occur within 90 days of acceptance and the <br /> offer to purchase memorializing the agreement shall be devoid of closing <br /> contingencies. Notwithstanding, the non-selling party shall have a fair <br /> opportunity to inspect the property before entering executing the offer to <br /> purchase agreement. <br /> Section 2: If the non-selling party determines that it will not purchase the Unit or Units, it <br /> shall notify the selling party in writing and provide public record notice of the <br /> termination of the rights provided for hereunder, on or before the conveyance of <br /> the selling party Unit or Units to the third-party purchaser,but the non-selling <br /> party will retain its right of first refusal for any sale of the purchased Unit or <br /> Units by the third-party purchaser. <br /> Section 3: This right of first refusal shall be binding upon Parties, however the rights <br /> pursuant to this Article are "personal"to the Town and County and the Town <br /> and County shall have no obligation under the terms of this Article to any third- <br /> party purchaser, its successors and/or assigns. <br /> Section 4: If any clause, provision or paragraph of this Article, shall for any reason, be held <br /> illegal, invalid, or unenforceable, such illegality, invalidity, or enforceability <br /> shall not affect any other clause, provision or paragraph hereof, and this Article <br /> shall be construed and enforced as if such illegal, invalid, or unenforceable <br /> clause, paragraph or other provision had not been contained herein. <br /> Section 5: This Article shall be effective upon the recording of this Declaration and continue <br /> for a period of thirty (30) years, however, either party shall have the right to <br /> renew the first right of refusal for additional thirty(30) year periods by providing <br /> written public record notice on or before thirty (30) days prior to the end of the <br /> each thirty(30)year period. <br /> ARTICLE XI <br /> GENERAL PROVISIONS <br /> Section 1: All powers granted in the Declaration or the Bylaws to the Association shall be <br /> exercisable by the Executive Board, except as expressly provided in the <br /> Declaration, the Bylaws, or G.S. § 47-C. <br /> 19 <br />