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Scction 4. No t~:aiver of R~ghts Tha failure of the 1lssoci-.~
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ation or of a unit owner to enforce any right, provision, covenant '
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or conaition which may be g:anted by the condominiwn docuraents ~
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, shall not constitute a waiver o: the right of the Association~or :.i~~
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unit owner to er,force such riqht,~ provision, covenant or condition
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of the future. ~ ~ { ~ ~
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Section 5. No Election of Renedies All riqhts, re~edies
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and privileqes qranted to the Association or unit owner pursuant
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to any terms , provis ior~s , covenants or conditions of the condo- ~ F
minium documents, shall be dee~ed to be cunulative and the_exercise -,':f
of au~y one or more shall not be deemed to constitute an election ;
of icemedies, - nor shall it precludo the party thus exercising t'~e
. same frora exercising such other and additional riqhts, reredies '
or privileges as may be granted to such other party by the condo-:.~.
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rsiniura documents, or at law, or in equity. .
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~ ARTICLE VIII . ACQUISITIO\T OF IJI~ITS ~ ~
Acct~isitio:~ on Foreclosure At any foreclosure sale of . a
unit the Board of Directors may,•with the authorization and ap- .
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proval, by the affirmative vote of Voti»q Members casting not less _
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~ than three-fourths of the total votes of the unit owr~ers, wharein~ .
~ said matter is voted upon, acquire in the name of the Corporation
or its-designee, a condominivm parcel beinq foreclosed. The term
"foreclosure" as used in this section shall mean and include any ~
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foreclosure ot any lien, includinq a lien for assessments. ;:~e~" _
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power of the Board of Directors to acquire a condaminium parcel_at
any foreclosure sale shall never be interpreted as any requireraent°~ ~
or obliqation on the part of the Board of Directors, or of t:e
Corporation, to do so at any foreclosure sale, the provisions ;
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hereof beinq permissive in nature and :or the purpose of setting
fortli the power in the Board of Directors to do so should the
requisite approval of the Votinq Me..-wers ba obtained.
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AR:ICL~ I X. A.~ti D.
SEI~IT TO THE EY-LAWS ~
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Sub ject to the provisions of Article XVI, Section 5 hereof ; ~r
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