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the unit owne~s as specified and set forth in 1te~-~1( j
herein below. The foregoing ratio of sha~i~g common
expenses and assessments shall ~emain rega~dless of the
purchase price of the Condominium parcels, their.location
o~ the square footage included in each condomi~ium unit.
Until all condominium parcels in the subdivision a~e sold
by the Developer, na pa~cels will be subJect to Condomin- ~
ium; however, expenses for the operation and maintenance
of the condominium parcels and all common use elements j
will be paid by the condomi~ium parcei owner in the amount ~
of 1/176 of the total amount the~eof per month, payable {
quarterly, including in such calculation the cost of ac-
counting therefor; provided, however, during the time of
sales and until such time as all lots have been sold or
are being rented by the Developer,'each owner shall pay a
proportional part of expense in ratio to total lots sold
at end of each month.
b. Any common surplus of the Association shall be
owned by each of the unit owners in the same proportion
as their percentege ownership interest in the common ele-
ments.
vii.
METHOD OF AHENDMENT OF DECLARATION
a. This Declaration may be amended after com- .
pletion of sales by the Developer at any regular or .
special meeting of the unit owners of this Condominium
called and convened in accordance with the By-Laws, by
the affirmative vote of the voting member.s casting not
; less than three-fourths (3/4) of the total vote of the
` members of the Association. As used herein, completion
~ of sales shall occur when the entire numbe~ of lots sub-
; mitted to the Declaration have been sold, or the Developer
~ has, in writing, deciared it has sold all lots it intends
to sell and the remaining lots belonging to it shall be
~ held for investment. Until the event of completion of
sales, the Declaration of Condominium may be amended by
~ the Develope~ to correct mechanical errors or to~add such
provisions as will more fully protect the Condominium
Parcel Owner.
b. Any amendments shatl be recorded and certif'ied
. as required by the Condominium Act. No amendments shall
change any Condominium parcel nor a Condominium u~it's
~ proportionate share of the common expenses of common sur-
~ plus, nor the voting rights appurtenant to any unit, unless
the record owner(s) thereof, and all record owners of
~ mortgages, or other voluntarily placed liens thereon, shall
' join in the execution of the amendment. No amendment shall
~ be passed which shall impair or prejudice the rights of any
~ Lessor's interest under any lease.
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