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Sect~ion 3. Costs and Attornevs Fees. In any pFOCeedinq
axisinq because of an alleqed default by a unit owner, the prevailinq party
shall be entitled to recover the costs of the proceeding and such ~reasonable .
attorney's fees as may be determined by the- cour~
Section 4. No Waiver of Riqhts. The fa3lure of the Association
or of a unit owner to enforce
any riqht, provision, covenant or condition
which may be qranted by the condominium documents slla.ll not constitute a
waiver of the right of the~Association or unit owner~ to enforce such right,
provision, covenant or condit~on of the future.
Section 5. No Election of Remedies. All rights, remedies ar~d
privileges qranted tso the Association or unit owner pursuant t~o any terms,
provisions, covenants or conditions of the condomini.um documents, shall
be deemed to be cumutative and t~e exercise of any one or more shall not be
deemed to constitute an election of remedies, nor sha.ll it preclude the party
~ thus exercisinq the same from exercisinq such other and additional riqhts,
remedies or privileges as may be qranted to such other party by condomini
documents, or at law, or in equity.
ARTICLE VIQ. ACQUISITION OF UN~TS.
~ Acquisition on Foreclosure. At any •foreclosure sale of a unit
th~ Board of Directors may, with the authorization and approval, by the
afHrmative vote of Voting Members casting not less than three-fourths of
the total votes of t~e unit owners, wherein said matter is voted upon, acquire
' in the name of the corparation or its designee, a condominium parcel being
foreclosed. The term "foreclosure" as used in this section shall mean and
~ include any foreclosure of any lien, including a lien for assessments. The
power of the Board of Directors to acquire a condominium pa,rcel at any
foreclosure sate shall never be interpreted as any requirement or obliqation
~ on the part of the Board of Directors, or of the corpora~ion, to-do so at anp
~ foreclosure sale, the p~ovisions hereof being permissi~e in nature and for
the purpose of setting forth the power in the Board of Directors to do so
should the requisite approval of the votang members be obtained.
ARTICLE VI~. AMENDMENTS TO THE BY-LAWS, -
These By-Laws m~v be altered, amended or added to at any
duly called meeting of the unit owners, provided: -
(1) Notice of the meet3ng shall conta3n a statement of the
proposed amendment.
( 2J If the Ameadment ha.s r eceived the unanimous approval of
the full Board of Directors, then it shall be approved upon the affirmative vo of
~ the voting members casting a majority of the total votes of t,he unit owners.
(3) If the Amendment has not been approved by the unanimous
vote of the Board of Directors, then the Amendment shall be approved by the
affirmative vote of the voting members casting not less than three-fourths
(3/4t,hs) of the total votes of the unit owners; and,
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