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Association, unless such Amendment shall change any right of the
Developer hereunder which change shall require the consent of the Developer.
Until Cessation of Development, ~he Declaration of Condominium may be
amended by the Developer to correct mechanical errors, to add additional
Property to the Condomin~um, or to add such other provisions as will
benefit the Owners.
B, Any amendments shall be recorded and certified as required
by the Condominium Act. No amendments shall change any Parcel nor any
Unit's proportionate share of the Common Expenses, Common Surplus, or
the voting rights appurtenant to any Unit, except as set out in Paragraph
A and Section XVI hereof, unless the Owner and all record owners of
mortgages, or other voluntarily placed liens thereon, shall join in the
execution of the amendment. Prior to Cessation of Development, Owners or-
such mortgagees or lienholders shall notify Developer of any such lien
or.mortgage and, if Developer is not so notified, then such lienholder or ~
mortgagee's consent shall not be required.
VIII.
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~ ~ BY-LAWS
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A. The operation of the Condominium property after Cessation
of Development shall be governed by the By-Laws which are set forth in a
document entitled "By-Laws of VER?URE OUT AT INDIAN RIVER, a CONDOMINIUM",
herein called "By-Laws", marked Schedule "C" attached hereto and made
a part hereof. ~
6. No modification of or amendment to the By-Laws shall be
valid unless set forth in or annexed to a duly recorded amendment to this
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- Declaration. The By-Laws may be amended in the manner provided for herein,
but no such amendment shall be adopted which would affect or impair the
validity or priority of any mortgage covering any parcel. (
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