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HomeMy WebLinkAbout1888 , PA~tT 1 PROPBRTY: Resorta at Neltlea laland, lnc.~ which is a nonpmfit Aaso- ciatio~. and in Lhia Association certsin voting righta are Outdoor Reaorta of Americs at Nettlea Ialar?d. Inc.. a reserved to each lot owner oi one vote for the period of Co~dominium. is located appmximately Lhree mi?ea north ownership. The actusl cost of operation oi the Association~ oi Jenaen Beach, Sk Lucie County, Florida, and appm:i- such as garbage coUection, payment of utilities and in- mately nine miles fmm Stuart, D~arti~ County. Florida. aurance. maintenance of the recreational emaa. bath houses the latter town having a population oi approximately b,800 and poola. are i~cluded in the espenae for which right ot residents. The patcela oQered hereby are for the excluaive assessment ia granted to the Aasoc~ation against each lot reatricted uae aa recreational vehicle parking sitea. A owner proportionately. NO OWNER OF A CONDOMlN- typical lot haa dimensiona of 30' s 60'. The property IUM PARCEI. MAY EXEMPT HIMSELF FROM Ll- ia traversed by U. S. Highway A-1-A. A ~umber of ABILITY FOR CONDODdINIUM EXPENS~S UNDER atreets are under conatniction in the subdiviaion. and ANY CIRCUMSTANGES. theae atreeta are a psrt of the common uae elements (aee Declsration ot Condominium below). Developer owns Paragraph X oi the Dectaration of Condominium pro- apprnximately twenty acres of land adjacent to the platted vides for asseasment with respect to the aforesaid ex- portiona of the aubdivision. Thia land is reaetved for penses of the operation of the Condominium facilitiea. and commercial use and will not be oRered for sale under the further it empowers the Board of Directqia of the Associa- aeme plan described herein. The property has access to tion with the power to ftx and determine irom time to the Atlantic Ocean on ita east boundary and frnnts on time the auma ot money necessaty to provide for these the Indian Rivei on the weat boundary oppoaite Nettlea e:penaea. Such assesamenta are due when billed and are laland. delinquent Sfteen (15) days thereafter with interest at 10~l~ per annum, and st the diacretion oi the Board of Directora a late charge ot Five Doltara (;5.00) may be ENCUMBRANCES: asseased. The Aaaociation haa a lien on each Condominium The lota being offered hereby are presently subject to Parcel to aecure payment of all asseasmenta. together with a mortgage of record. This mortgage contains random. e lien on all tangible personal property located thereon. noncontigaoua lot rnieaae proviaions. All lots in thia aub- The Board of Directors of the Association may take such division sre additionally subject to the provisiona of the +~ction aa it deemed necessary to effect collection of the Declaration of Condominium. deacribed more fully below. assessmenta. including a personal action against the delin• quent owner. foreclosure as provided by the lawa of the State of Florida, or tfie rental of such delinquent units ACCESS• with one-half of the proceeda of such rentala to be applied ~ against the delinquent assessmenta then owing. Acceas to the pmperty is via U. S. Highway A-1-A which traverses the aubject pmperty. Paragraph IX of the Declaration reserves to the De- veloper the excluaive right to rent lots in the development LAND USE OR CONDOMINIUM• when such lots are not in use by the owner (unless the • owner directs the Developer not to rent) and to retain for All lots otfered hereby are mstricted sa to uaability for l~ ~rvice 507c of the grosa amount of rental so collected. recreational camp sites for camping trailers. As used The remaining 50 /o is reserved for the benefit of the unit herein recrnational camp sitea for camping trailers in- owner. clude within such category tent type folding trailers. Outdoor Resorta of america, Inc. rnpresents to pro- pick-up campers, motor homes, modern travel trailera and spective Purchasers that it has neither prior experience other similar types of camping trailers and equipment that nor knownedge of the experience of comparable de- are mobile, but not included within auch categoriea are velopments relative to any possibility of rnntal income to tolding tents not mounted on wheels and permanent or be derived from these lots; therefore, a pro~pective Pur- semi-permanent structures, all as defined in the Declara- chaser is advised that aKgregate rentals. if any, v~hich tion of Condominium Section XIII, Uae and Occupancy. A he rnceivea, will in most cases be nominal, and no assur- condominium is a type of ownership of land and improve- ances are made that such rentals. if any, will be suflicient ments which entitles ownera of lots to participate in the to cover his shate of the condominium expenses~ much o~+nership of certain common uae prnperties. Section IV le~ ~SUIt in a net return to him. Any rental possibility of the Declaration of Condominium provides that the fee must be considered purely incidental to a purchase pur- title to each Condominium Unit shall include both the suant hereto. deacribed lots and additionally. a proportionate, undivided interest in the common elements, such as a water distribu- By Paragraph XYI~ the Developer has retained the tion ayatem, aewerage collection system. electrical distribu- ownership of certain lands in the Condominium (See plat tion system, streets vrithin the Condominium property. attached to Condominium) which it intends to use as a pool, bath houses, recreational areas, all as shown on the marina, otf'ice. Isundry, Krocery store or uther commercial recorded plat. An Association has been created pursuant uses. The Developer v~ill pay at the meter a rnasonable to the Declaration of Condominium known as Outdoor charge for utilities to these areas. I f ~ i ~ PAftT II AREA FACILITIES: STREETS: The site ia located in close pmzimity to the incorpo- The roads throa~thout the project will be installed of rated tov?ns of Stuart (9 miles). Fort Pierce (ll miles), hard surface asphait and shall be of a uniform width of and Jensen Beach (4 miles), Florida. Ceneral sfiopping twenty-two (22) feet. The cost of maintaining the rosds facilities, including qrocery, clothin~. etc. are located after completiun of the project shall be part of the com- within these communities. Schouls, hospitals and churches mon expenses of the Association. are located aithin the city limits of Stuart and Fort Pierce, Florida. ~'ATER A\U ELECTRICAL StTi'PLI': Ii1PROVEMF\7'S• The property oRernd herein will be served by Southern ' Galf Utilities Company for water, and electricity will be The compieted pn~ject ~siU provide tor sewer, v~ater, pro~ided by Florida Power sud Light Company_ Water electricity, and for each indicidual lot a drivewa~, conemte and electricity ~vi11 be delirered to each lot by li?:r~ and patio. tabie and benches. The prnjrct will contain fifteen pipes iustalled as part of the cost of the developn:ent. bath huu~es, a mcmational cent~r, tHO tennis courts, a The !ot ow•ners will he assessed bF the Condominium As- sw imming pool, boat launching rarnp and access to the suciati~n as part uf th~ condominium maintenanrp expense Atlan:ic Ocean beach. ascessment a s::m oi muney~ sufficient Lo pay for the water anJ electrica' ser~ice to ttie assvciation members. ` EXISTIV(:, PROFOSF.U ANU COMPLETION DATE: ~ ~EWENAG~ UI~P()~AL E'ACiLITIFS: F The existinR improvrment~ti to date •cnnsist rnly of ~ gradin~, filiing, and stakinR of ruads anJ loGg. The im- A•scweraKe dis{wsal s}•stem «ill be constructed durir.q ~ pro~ements mentiuned in the prior paragraph v~ill be the pruKressf~•e construction sche~iule mentioned abo~•c and insta)ied on a progreasive sehedule and Hill be completed pipes iustalled to each condnminium lo~ The construction ~ on or before June 30, 1972. . and installation uf this s}~Lem shall be part of ihe cost ~ 1'aKc ~~f a ~ * ~ ~ 600K~~~1 PACE~v~ _ _ - - - _ ~r - ~ ~ .t t.-...«ti d ' "cd>` _c~~-~.~~;, s`.: ~~~-~'G^~~=~