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Section 5. No Election of Remedies. All rights,
remedies and privileges grante to t e Assoc ation or
unit owner pursuant to any terms, provisions, covenants
o~ conditions of the co~dominium documents, shall be
deemed to be cumulative and the exercise of a~y one or
mo~e shall not be deemed to constitute an election of
remedies* nor shall it preclude the party thus exercis-
- ing the same from exercising such othe~ and additional
rights, remedies o~ privileges as may be g~anted to such i
other party by condominium documents, o~ at law, or in
equity.
ART{CLE V111. ACQUISITION OF UNITS
Ac uisitio~ on Foreclosu~e. At any fareclosure
sale of a un t the Board of Directors may, with the ~
authori2ation and approval by the affirmative vote of ;
voting members casting not less tha~ three-fourths of
the total votes of the unit owners, whe~ein said mat- .
ter is voted upon, acquire in the name of the corpora-
tion or its designee, a condominium pa~cel being fo~e-
closed. The term "foreclosu~e" as used in this section ~
shall mean and include any foreclosure of any lien, in- ;
cluding a lien for assessments. The power of the Board `
of Directors to acquire a condominium parcel at any fore-
closure sale shall never be interpreted as any require-
ment or obligation on the part of the Board of Directors, i
or of the corporation, to do so at any foreclosure sale, ~ .
the provisions hereof being permissive in nature and fo~
the pu~pose of setting forth the power in the Board of
Directors to do so should the requisite approval of the
voting members be obtained.
ARTICLE 1X. AMENDMENTS TO THE BY-LAWS i
f
{
~ These By-Laws may be altered, amended o`r added to
~ at any duly called meeting of the unit owners, provided:
f
~ (1) Notice of the meeting shall contain a state-
ment of the proposed Amendment.
(2) If the Amendment has received the unanimous
approvai of the full Board of Directors, then it shall
- be approved upon the affirmative vote of the voting mem-
bers casting a majority of the total votes of the 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
~ (3/4ths) of the total votes of the unit owners; and ~
(4) Said Amendment shall be recorded and certi-
5 fied as required by the Condominium-Act. Notwithstanding
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