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HomeMy WebLinkAbout0802 limited to the following items that are appurtenant to tlie several apartinen;s as indicateci: (a ) Common Elements and Common Surplus. The undivided ~ne-tenth (1/10) share in the land and other common elements and in the comr.~on surplus which are appurtenant to each apartment, ~vhich share, when multiplied by the ten (10) apartments, totals one hundred per cent (100%3 of such shares. (b) La~ndr3 and l~leter Room Area; Aircondition- ing Room Area. The common elements include a laundry and meter room area located on the first floor of the buiiding, ~vhich ~vill be ~assigned to the exclusive use of the apartment owner pursuant to the regulations of the Association, and al- so include an airconditioning room area located on the second floor of the building. (c) AUtomobile Parking Space. The common ele- m.ents include parking areas for automobiles of the apartment o~vners. Park- ing areas ~vill not be assigned but will be available for use pursuant to the re- gulations of the Association, ~vhich regulations shall provide that the occupants of each apartment shall be entitled to parking for one automobile without charge. (d) Association Membership. The membership of each apartrnent owner in the Association and the interest of each apartment o~vner in the funds and assets held by the Association. , (e) Beach Club Colonv On The Ocean, Inc. ~Ieni- bership. The membership of each apartment owner in Beach Club Colon3 On The Ocean, Inc. , a not for profit corporation organized and existing under the la~vs of the State of Florida,_ and the interest of each owner in the funds and as- sets held by that corporation. 4.4. Liabilit_y For Common Expense. Each apartment owner shall be liable for a proportionate share of the common expenses, such share being the same as the undivided share in the common elements appur- ' tenant to his apartment. I ~ 4. 5. Otivnership Of C:ommon Elements and Common f Surplus. The fee simple title to each apartment shall include both the con~o- minium unit and the above respective individual st~^.re in the common elements and in the common surplus, said undivided share to be deemed to be conveyed I or encumbered with its respective condominium unit even though the descrip- ~ tion in the instrument of conveyance or encumbrance may refer only t~ the 1 fee simple title to the apartment. Any attempt to separate the fee simple title ~ to the condominium unit from the undivided interest in the common elements and common surplus appurtenant to such condominium shall be null and void. ~ V. CONDOI•IINItiI4I BOAT DOCK AR.EA: ~ ~ - ~ 5. 1. Boat Docks. T'ne Developer reserves the right, ~ ~vithout restrictior~, to construct, operate, and sell, or other~vise transfer ! title to, boat docks to ~e 2ocated within the Cor.dominium Boat Dock Area, as ~ shown on the survey (Exhibit "D") and as more particularly described in Ex- ~ hibit "B", provided, ho~vcver, that .any such sale or transfer shall only be to ~ a member of BEACH CLUB COLONY CONDOMINIli11 ASSOCLATION, INC. Un- ~ til any such sale or transfer, title and o~vnership of each of the said docks shall ~ be vested in fhe Developer. ~ 5. 2. Subsequent Sale Or Transfer. FvIlotiving any sale ~ ~ or transfcr by ihe Developer, the member who has acquired title and ownership ~ ~t ~ ~ ~ -5- ' - ~ ~ GARL F. ELLWANGER ATTORNEY AT LAif/ P_ O. BOX f6t8 STUART. FLORtOA 33491 ~ ~ - ~ - - _ " ,,t . ; _ a ` - ~ - --.,y,- a..i-.°.~., ~ ~wavY~''ti2.~ ^ ' ' ` .t- "S.py.. d!