HomeMy WebLinkAbout2857 (a) The total number ot condoiainiumt units
. included in_. ~,he condominium upon such amendment beir~g
recorded.
(b) A survey o!' the land and a graphic deacription
' , of the improvements in which units are located which
identifies each unit by letter, name, or number, so that
no unit bears the same designation as any other unit, ,
and a plot plan thereof, or in suPficient detail to ~
identify the common elements of each unit arui their
ielati~?•e locations and approaimate dimensions, as to
the additional lands and the improvements located
thereon aubmitted to condominium oxnerahip by such amend-
ment. ~
(c) The undivided share and interest in the condominium ~
property appurtenant to each apartment, and the percentage ~
obligation for common expensea attributable to each con- ~
dominium apartment, folloxing such amendment. ~
18. Association and Non-bcclusive Ninety-Nine Year Lease A reement. !
The Associa~ on as en~d~~n a on- c uI
s~ve ong erm ~ gree- ?
ment with FIRST NATIONAL BANK OF FORT PIERCE, as Trustee, w~der Trust {
Agreement dated the 17th day of November, 1970, an~d known as Trust ~
Number 1, as Lessor, whereby certain possessory and use interest are ~
granted in the Demised Premises described therein. The Non-Eacclusive y
Ninety-Nine Year~Lease Agreement ia for the en~oyment, recreation, use ~
and benefit of the member8 oP the Asaociation in accordance ~rith the ~
terma thereof. ~
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19. Termination. The Condominium may be.terminated in the '
Pollo~ring manners,'""~ri addition to the manner provided by the Condominiwa
Aat:
; 19.1 Destruction. If it is deteradned as elsewh~ere provided _
E ~ that the apar~men~u'rlding shall not be reconstructed because of
~ ma~or damage, the Condominiwn plan of oNnership Nill be teYminated
~ without agreement.
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~ 19.2 Agreement. The Con~iominium may be terminated at any
; time by the approva in writing oP all record owners of apartments
~ and all record owners of mortgages on apartments. Notice oP a
~ meeting at which the proposed ternd.nation is to be considered shall
~ be given not less than thirty (30) days prior to the date of such
~ meeting. Provided that the approval of owners of not less than
~ seventy-five (75~) percent of the comr~on elements, and the approval
~ of all record owners of~mortgages u n the apartments, are obtained
at the meeting or within thirty (30~days thereafter, then the
~ approving ownera shall have an option to buy all of the apartments
~ of the owners not approving of termination, said option to continue
~ for a period of sixty (60) days from the date of such meeting.
Approval by an owner oP an apartment unit, or o~ a mortgage en-
~ cumbering an apartment unit, shall be irrevocable until expiratio n
'ay
' of the aforerecited option to purchase the apartment of owners n4t
so approving, and if the option to p~~chase such apartment is
exercised, then such approval shall be irrevocable. The option to
_ purchase the apartments or unita not approving of termination shall
be ezercised upan the following terms:
(a) Exercise of option. The option shall be
- exercised y e very or ma ling by registered mail
to each of the record owners of the apartments to be
purchased an agreement to purchase signed by th~ re-
cord ownere of apartments who will participate in the
purchase. Such agreement ahall indicate which apart-
- ments will be pwc~ahaaed by each partiaipating awn~er
and shall require the purahaes of all apartme»ts awrr
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u?W OFFIG[~ Q~ GOW~T[1N, FRANK~IN, GI40MIN • KHRANK. r. A.. ~020 N011TMEAfT ts~~o iT11E[T, NORTM MIAMI BEAGN, F~Ga+o~ 3y f c a
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