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5. Section XVII, MISCELLANEOUS PROVISIONS, Subsection E,
shall read in its entirety as follows:
"XVII.
"MISCELLANEOYJS PROVISIONS
"In the event that any taxing authority shall assess
ad valorem taxes on a condominium unit (the individual
lot together with the lot owner's undivided interest in
the common elements), the Association will not assess
the member for real or personal property tax assessed ~ ;
against the condominium project nor will the Association ~
maintain the escrow account for payment of same as set
forth in subparagraph "A" hereof. Nothing herein shall
be construed, however, as giving to any unit owner the
right of contribution or any right of adjustment against
any other unit owner on account of any deviation by the
taxing authorities for the valuations herein prescribed,
each unit owner to pay such ad valorem taxes and special
assessments as are separately assessed against his "con-
dominium parcel" as set out het~snabove.
"For the purposes of ad valorem taxation, the
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interest of the owner of a"condominium parcel" in his ~
"condominium unit" and in the "common elements" shall ,
be copsidered as a unit. Th e value of said unit shall ~ ;
i be equal to the percentage of the value of the entire ~
,
~ condominium, including land and improvements as has
! been assigned to said unit and as set forth in this
i Declaration. The total of all of said percentages
~ equals 100% of the value of all of the land and improve-
~ ments."
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~ 6. Section?~JII, MISCELLANEOUS PROVISIONS, Subsection J, shall
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~ read in its entirety as follows: '
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"XVII.
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MISCELLANEOUS PROVISIONS
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"The Association, as Lessee, has entered into a long-
term lease (fifty years) with the Developer described in
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Exhibit "E" attached hereto and made a part hereof. The
- Developer has constructed or has agreed to construct
recreational facilities consisting of a swimming pool and
cabana club on the demised premises, subject to the terms
of the said long-term lease. Such recreational facilities ~
are for the use and benefit of unit owners, (but not
exclusively so) as the Developer reserves the right to t
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