HomeMy WebLinkAbout1780 from the right of first refusal and right of redemption herein
granted to ASSOCIATION, and further, the sale or lease of any ~RIVATE
D~WELLING to a p~rty approved by DEVEL4PER shall be free of sa~d right
of firat refusal and right of redemption granted unto ASSOCIATION and
eha21 be treated and regarded in the same manner as though such $ale,
purchaee and/or lease was made to or by DEVELOPER, the term "lease"
includinq sublease. . ~
The DSVSLOpER ahall have the right to select and designate Member or
Members of the Board of Directors of ASSOCIATION, and to remove and ~
replace any peraon or peraona ~elected by it to act and serve on eaid
Board of Directors, all as is set forth and provided in the Articles
of Incorporation and By-Laws of ASSOCIATION. The Member or Membere
of the Board of Directora of ASSOCIATION designated ana selected by ~
DSVELOpBR neea.not be resident or residents in the CONDOMINIUM. Any
representatfve of DEVEI,OP~R serving on the Boarcl of Directors of
ASSOCIATION, ghall not be required to disqualify himself upon any
vote upon any management contract or other contract, or lease between
DE~ELOP$R and ASS~CIATION where said DEVELOPER may have a pecuniary
or other intereat. Similarly, D$VSIAPER, as a member of ASSOCIATION,
shall not be required to disqualify itself in any vote which ~ay come
before the memberehip of ASSOCIATION upon any contract or lease
between DEVELOPER and ASSOCIATYON, where the sa3d DEVELOPER may have
a pecuniary or other interest.
The DEVSLOPER shall further have the right to ase any PRIVATE D~WELLIN~G `
or PRIVATE DiWSI,LINGS owned by it as model apartments and/or sales -
office in connection with DEVELOPER'S program to se21 or lease said
PRIVATE D~WELLINGS or PRIVATE DWELLINGS owned by it, and in connection :
therewith shall have the riqht to place upon the crnmnon property '
siqns designatinq DEVELOPER'S model apartments and/or salea office ;
and advertising for sale or lease the said PRIVATB DWELLING or PRIVATE _
DiWEId~INGS owned by DEVELOPER, any said sign or signs to be placed at
DEVSLOPER'S expense and shall be in good taste. _
In the event of death of DEVELOPER, or merger of DEVSLOPSR into any
other entity which survives DSVELOPER, at a tiune when the DSVSLOPER ;
ahall be entitled to have and-exercise any rights and privileges
hereunder, the rights and privileges of DEVELOPER shall pass to and
may be exercised by his said successors or survivor, as the case may
be.
~xi~z.
i SEVERABILITY
` The invalidity in whole or in part of any covenant or restiicti~*~,
€ or any section, sub-section, sentence, clause, phrase or word, or
` other provision of this Decl~ration of Condominium and the Articles of •
~ Incorporation. By-Laws and regulations of the ASSOCIATION shall not
~ affect the validity of the remaining portions.
~ ~
~
' ~XIV •
~
~
~
~ LIBERAL CONSTRUCTION
~
~ The provisions of this Declaration of Condominium shall be
; liberally construed to effectuate its pu~pose of creating a uniform
plan of Condominium ownership.
~ 3IX'XV . - ;
t s
DECLARATION OF CONDOMINIUM BINDING UPON DEVELOPER, -
- ITS SUCCESSORS AND ASSIGNS, AND SUBSEQUENT O~WNSRS
~ _
; The restrictions and burdens imposec3 by the covenants of thia
~ Declaration of Condominium.are intended to and shall constitute
_ covenants running with the land, and shall constitute an equitable
servitude upon each PRIVATE T~WELLING and its appurtenant unc7ivided
~
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$ ~i ~.~~i
10.15. 2
- SPIELVOGEL, CipLD11AN A~1D CARUSO. P. A. • ATTORNEYS AT LAW - MERRITT ISLAND, FLORiDA