HomeMy WebLinkAbout0025 17.~ Executian and recordin . A~opy of each ~mendment
shall be attac e to a certzticate certifyir,g that the amendment
was ~u1y adopted, and the said certificate shall b~ executed
b~ the President of the Associatian and attested to by the
Secretary with the fcrmalities of a deed, and shall be
e£fective upon recordation thereof in the Public Records of
S~. Lucie Coun~y, Florida.
17.5 Amer~dment to submit additional lan~s ~d con~ominium ~
uvv!Zershi~. Anyt ng ta t e contrary n~twit s~ar. ing, t s
Dec aration of Condominium ~ay be amended for the purpose of
submitting additional lands ~to condominiu~ ~v~mership by the
Developer recording such amendnient in the Public Records of
St. Lucie County, Flo~ida, executed and attested with~the
formalities of a Deed, and said doc~ments to~ specify and
include the following:
(a) The total numk~er of candominium units included
in the condominium upon such amendment heing xecorded.
(b) A survey of the land and a graphic description
of the improvements in which units are located ~.vhich
identifies each unit by letter, name, or number, so
that no unit bears the same designation as any other
u~it, and a plot plan thereof, or in sufficient detail
to identify the common elements of each unit and their
relative locations and approximate dimensions, as to
the addi~ional lands and the improvement~ locat~d
thereon submitted to condominium ownership by such
amendmQnt.
(c) The undivide3 share and interest in the ~
condominium property ap~urtenant to each apartment, and
the percentage oblig~tion for co~nmon expenses attributable
to each condominium apartment, following such amendment.
1£, Association and Non-Exclusive Ninet -Nine Year Lease
, hqreement. .e r~ssocza 41cn as entere ~nt4 a on-Ex~ us~.ve L~ng Te~
Lease A~=_eement with Ft. : ierc? Constru~.ti~n Gc~rpora~ior~~ a~iori~ia
~ corporati~n, a~ LessQa: w~l~rebj cerLain possess~ry and use interest
. are grartted in ~he Demised ~remi5es described therein. The I~'~n-
~ Ex~~u~ive Ninety-Nine `fF~~ L.ease AgrE?~ent is for the en3oyr,tent,
Z'EGl@a~,1~n, use and benefit ~f t~e m~mbers of the Association in
' accordance -~}~ith the ~ersns ~h~reof .
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! 19. ~1'ermination. Tl-ie Condomir.iur: ~?ay be terminated in t~e
t ~ following mar.ners, in addi'..~on ~c the manner pr~vided by th~
~ Condominium Act:
~
°r 19.1 n~struction. If it is determined as elsewhere
~ provided that the apartment buil~ing shall not be reconstructed
~ b~cause of major damage, the Condominium plan of owriership
~ vrill be terminaied without agreement.
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! 19.2 Aqreement. T1:e Condominium may be t~rmirated at
~ any time by the approval in ~~rriting of all record owners of
~ apar+ments and al3 record owners of mortgages on apartments.
' Notice of a m~eting at wrich the proposed termination is to
be considered shall be given r.ot less than thirty (30j da~s
~ prior to the date of such meeting. F~ovided that the approval
; of owners Qf not Iess than seventy-five (75~) percen~ c:
~ the common elements, and the approval of all record owners of
~ mortgages upon the apartments, are obtained at the meeting or
~ withzn tnirty (30) days thereafter, then the approving owners
~ shall have an op±ion to b>>y +h~ ~Yar~.;,, nts of the o~mers
' not arp~oving of termination, said option to cont~nue for a
~ period of sixty (6G) days from the date of such meeting.
; , Approval k+y an owner of an apartment unit, or of a mortgage
~ enc~~mbering an 3partmenf unit, shall be irrevocable urtil
; expirGtion of the aforerecited option to purchase the
~ apartment of owners not so approving, and if f:he option to
e purchase such apartment is exer;:ised, the sucin appr~val shall
i be irrevocdLle. 11~e aption to purchas~ the apartments or
; units not approving of termination shall be exercised u~on
i ±he folloeving te~ms: ~ ~ ,
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