HomeMy WebLinkAbout2732 2ien, shall be pmya~ie by t~e unit owner aza securea by ~uch lien.
The Association's lie~c~a shall also include t2-?ose aum~ advanced on
behal! ot a unit owner on paymer.t of h~a ob:~ga~ion.
The Board of Directora may taka suc:~ action as tney oeem
necessary to co~lect asaessment8 by personal action, or by en-
forci~g and foreclosing said liens, anc3 :aay se~tle and ca~npromise
tbe same, if in the best intereats of t:~e Associatioa. Said liena
shall be effective as and in the manner provided ~or by the Condo-
minium Act, ancl ahall have the priorities estab~ished by said Act,
except as herein prQVided. The Association s:~all 3~e entitled to
bid at any sale helcl pursuant to a s~it to ~oreclose an assess-
ment l~en, and to apply as a cash c~eait against its bid, all sums
due the Association covered by tY.e lien en~orcec3. I» case of sLCh
foreclosure, the unit owner shall be requirec3 to pay a reasonable ~
rental for the condominium parcel, anc7 t:~e Plaintiff ir~ such fore-
cloaure shall be entitled to the appo~ntment of a Receiver to col-
lect sarae from the unit ov~mer and/or occupant.
The Association sr.all have the right, in lieu of foreclosure,
i~ it deems it prudent, to take possessioa of the~said condominium
unit and offer the same for. rental. From the proceec7s of such
rental, if any, the Association shall crec3it one-half of the income
therefrom to the arrearages and in payment of the lien established
by the. default of the sa~a . ~onao~?~i~ owner, and to pay the other
one-half to the Developer as its charge for acting as_rental agent.
The Association ~hall likewise, if necessary, in order to carry out
this right of rental, remove any travel trailer in place on such
condominium parcel and place the same in storage, all without lia-
bility to the owner. T'he selection of this mode of procedure in -
payment of the:lien established by said arrearages and delinquen-
cies shall not be excius~ve, and the Association may, at any ti.-ne,
proceed in foreclosure shoulc7 it deem the s~.me necessary, or exped-
ient, or prudent, and no question of judy~ment may be raisec7, as
this right of rentinq is an absolute right and a part of this De-
claration. ~
Any person who acquired an interest in a unit including with- .
out limitation persons acquix ing title by operation of law, incluaing
purchasere at judicial eales, ehall not be entitled to occupancy of
~e unit or enjoyment of the co~mon elements until such time as all un-
paic3 aesesements due and owinq by the former unit ownsr have been paici. t
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AZ • i
PROVISIONS RELATING TO SALE OR RENTAL
' UF CONDOMINIIAK UNITS
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No restrictions are placed herein as far as selling any condomin-
itun unit. The Developer, however, shall have the exclusive right to
rent lots which are a part of the Declaration at scheduled rates gro-
runlgated from time to time by the Developer. T'he Developer shall retain ~
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for its services 5096 of the gross amount of the rental collected or, any ~
lot with the remaining 5096 reservec7 for the benefit of the lot owner. ~
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As partial consideration for the aforesaid, the Developer shall unnertake~
an advertising program to promote the rental of said ur~ita, both those ;
wc~it6 ownec3 by the Developer and those units sold and in private ownershi~
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XII.
INSURANCE PROVISIONS ~ ' ~
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A. Liabilitv Insurance ~ X~~V P~~~ (
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