HomeMy WebLinkAbout1408 apportiornie~t of expenses (inclading accounting costs). all rig~ts granted
the Oeveloper hereunder or under the 6y-Laws, the By-laws and Assessments
shall apply. All By-Laws regulating the use of the Property by the Owners
and providing remedies for the violation thereof shall be in full force and
effect prior ta the Cessation of Developaient and the Developer shall be
entitled to all remedies and inmunities provided the Association therein.
IV.
OWNERSHIP OF COM+ION ELEMENTS
and
COMMON CO-USE AREAS ~
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A. Each Owner shall own a proportionate undivided interest ;
in the Caman Elements and Common Co-Use Areas equal to 1/99 for eacti=-Unit _j
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owned, except as such interest may be hereafter modified as provided in ~
,
Section XVI hereof.
6. The fee title to each Parcel shall inc'fude both the Unit
and the above described undivided interest in the Common Elements and
Caman Co-Use Area, said undivided interest in the Carmon Elements and
Caman Co-Use Area to be deemed to be conveyed or e^~~~~rPd with its
respective Unit, even though the description in the instrument of conveyance
or encumbrance may refer only to the fee title to the Unit. Any ~
attempt to separate the fee title to a Unit from the undivided interest
in the Common Elements or Common Co-Use Area appurtenant to such Unit
shall be null and void. It is expressly understaod that the Developer's
retained non-exclusive easement over, under and through the Cambn
'
Co-Use Areas is divisible and assignable.
, C. Common Co-Use Areas include the water distribution system ~
f ~
and the sewage coilection system; also the roads within the Candominium ~
property so designated in Schedule "B" hereof and on the recorded Condominium
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~ and a non-subdivision plat; exclusive easement for the use of the areas and
i
f facilities so designated and described in Schedule "A". ~ -
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