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HomeMy WebLinkAbout2225 from the right of first refusal and right of redemption herein granted to ASSOCIATION. and further, the sale or leaee of any PRIVATE D~WELLING to a party approved by DEVELOPER shall be free of said right of firet refusal and right of redemptioh granted unto ASSOCIATION and shall be treated and regarded in the same manner as though such sale, purchaee and/or lease was made to or by DEVELOPER, the term "lease" including aublease. The DSVSLOPER shall have the right to select and designate Member or Membere of the Board of Directors of ASSOCIATION, and to remove and xeplace any person or persons selected by it to act and serve an said Hoard of Directors, all as is set forth and provided in the Articles of Zncorporatioa and By-Laws of ASSOCIATION. The Member or Membere of the Board of Directora of ASSOCIATION designatea an8 aelected by DSVELOPBR need.not be resident or residents in the CONDOMINIUM. Any representative of DEVELOPER serving on the Board of Directors of ASSOCIATION, shall not be required to disqualify himself upon any vote upon any management contract or other contract, or lease between DEVELOPSR and ASSOCIATION where said DEVELOPER may have a pecuuiary or other intereat. Similarly, DSVELOPSR, as a member of ASSOCIATION. shall not be reqnired to disqualify itself in any vote which may come- beforQ the membership of ASSOCIATION upon any contract or lease between DEVELOPER and ASSOCIATYON, where the said DEVELOPER may have ' a pecuniaryo ur other interest. The DEVBLOPER shall further have the right to use any PRIVATE D~FTELLING or PRIVAT$ DiWBLLINGS owned by it as model apartments and/or salee office in connection with DEVELOPER'S program to sell or lease said PRIVATE DWELLINGS or PRIVATE DWELLINGS owned by it, and in connection therewith shall have the right to place upon the crnmnon property signa designating DEVELOPER'S model apartments and/or sales office and advertising for sale or lease the said PRIVATS DWELLING or PRIVATE D~WELLINGS owned by DEVEI,OPER, any said sign or signs to be placed at DEVSLOPER'S expense and shall be in good taste. ~ s In the event of death of DEVELOPER, or merger of DEVSLOPSR into any bther entity which survives DSVELOPER, at a time when the DSVSLOPER shall be entitled to have and exercise any rights and privileges i ti,_~.. ....a..,.. ~s... ~s...s..~.. ~.,a ......a..: ..c TE~~7L+T ADQD a1.st 7.+~ee ~-r, anA _ ~ aaci~~i~iii~t ~ Ltiv 1.I~:yiii.S W~av i:i+v.::.c.y...~. va :si: ~~iiv~r:z :.s'~~.i ra:~:s ~a_= . may be exercised by his said successors or survivor, as the case may be. . ' . X~CI I I . ~ ~ . ~ SEVERABILITY _ ~ The invalidity in whole or in part of any covenant or restriction, ~ or any section, sub-section, sentence, clause, phrase or word, or t other provision of this Declaration of Condominium and the Articles of ~ Zncorporation, By-Laws and regulations of the ASS4CIATION shall not ~ affect the validity of the remaining portions. ~ X~~CIV. ~ ~ LIBERAL CONSTRUCTION * ~ The provisions of this Declaration of Condominiwm 8ha11 be ~ liberally construed to effectuate its pu~pose of creating a uniform ~ plan of Condominium ownership. ' 3IX3CV . - _ - DECLARATION OF CONDOMINIUM BINDING UPON DEVELOPER, ~ ITS SUCCESSORS AND ASSIGNS~ AND SUBSEQUENT OoWNERS ~ The restrictions and burdens imposed by the covenants of this Declaration of Condominium are intended to and shall constitute covenants running with the land, and shall constitute an equitable u.- ~ servitude upon each PRIVATE DiWELLID~G and its appurtenant undivided -28- ~ ~c~ ~~~,V ~~~6 io. is. 2 ° R _222~. ~y ~~U FACc " 800K `~~~'.b SPIELVOGEL. GOLDMAN AND CARUSO, F. A. - ATTOHNEYS AT LAW - MERRITT ?SLAND, FLORIDA ~ _ . - , .