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operation of the comanon ~lements. Each unit owner shall
be responsible and liable for an equal share of the com-
mon expenses regardless of the purchase price of the unit,
ite location or the square footage of the same. Until all
1585 units have been submitted to thia Declaration, ae pro-
vided in Section III hereof, each unit owner's ahare of
the common expenses shall be in the same proportion aa
the owner's unit bears to the total nuwber of units sub-
mitted to this Declaration at the time of assessment.
After all 1585 units have been submitted to this Declar-
ation, each unit owner shall be liable for a 1/1585 share
of the common expenses.
"Any coa~crwn surplus of the Association shall be awned
by each unit owner in the same proportion as the owner's
contributions to the common expenses and assessments of
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4. Section XI shall read as follows:
~~XI ~
"PROVISmNS RELATING TO SALE OR
RENTAL OF CONCOMI I~TIUM iJNI TS
"No restrictions are placed herein as far as sellinq.
any condominium unit. The developer, however, shall have
for a period of ninety-nine (99) years fran the date of
this Declaration the exclusive right, in the absence of
use by the Owner oi his designated guest, to rent lots
which are a part of the Declaration at scheduled rates pro-
mulgated from time to time by the Developer. The Developer
; ~ shall retain for ita services 5096 of the gross amount of
; the rental collected on any lot with the remaining 5U96
~ reserved for the benefit of the lot awner. As partial
~ consideration for the aforesaid, the Developer shall under-
:
` take an advertising program to promote the rental of said
~ units, both those units awned by the Developer and those
~ units sold and in private ownership.
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"This exclu9ive right of the Developer to rent lots
which are a part of the Declaration shall be binding on
each member, his successors and assigns, and shall con-
stitute a covenant running with the land of each
~ condominium unit"
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