HomeMy WebLinkAbout0810 1'i.•1 t~' :rt~,.~~~,•, 1!,+ ~i•.~~ t.~ii~•:,' c>tvilcrr ~u:,y mc~rti~;ic~c~ his
.1F)~~1'tlit~•`.1 ~ ilt • i ,~I+1' .l (lt.i~ [ t"~ ~ 1~~ 1:. 1'J1 t~lOllt, c~~i~r~~v~,l C)t t.~l'l'
Ass~ci.~ t:~~~. ~c~~F~t t~~ t~.,~l~. , I i; i~ insur.,ncc: comp~ny or a
~~vinc~:, :~n~i 1:,.,c, ,~~,~c~ci.~t.i,~~~, ur tu s~ller to ~c:~ur~~ a
F~ort iun or .~_ll ~~t E.:~s-ct~.~~~.~ E~ric~~. ~Th~• approval of :~ny
UL~I~'C i11uTt,c1~.~)~ ~r I;I.i~/ 1~i: :1E><,tl c:ofl.~l t.l: [1S c~c' ~errnineci h~/ Lfl@
A~~oc:i~ition c~r m:iy l~Er ~~rt~itl.~rily vrithhi~ld. ,
1"s.`.~ ~•E.t i; i~•... "I~1,,• f~.i-~~~icir?~~ ~rovisions of thi~
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, ~~~cti~~i~ ~nti tl•~ ~"i~t.~int~~r~.~~~<<~ ~~t ~c~~n~nunity interests° sh~ll
nc~t .~~E:ly t_~-.,n~..t~~•i t.c, t~r E.~,rcl?.~s~~ by a b~nk, lifE~ insurance
~oinE,~~ny, ~.~vii~~~~. ~~n~~ lu;~n :=,uc i.~tion or othez institution that so
acyui. r~ ~ i`. t. i i 1 c ~ t.h~• r~•;u] t. c, l o~vning a n~artg~~ge up~n the
a~.,rtin~~nt c~~nc~•rn~•ci, ai~d tl~i ; sh~~ll be so whether the title is
acc~uir~~d by ,a~~~:~c~ i r~nl the lnortc~ayor, his successors or assigns,
or throuc~h for~~closur~~ rr~c~~e~iings; nor shall such provision
~-+F•.~;ly t:~ tr,,nsfer, ~:31~~ c;r lc~~e ~y a bank, lif~: insurance
cum~~any, s~viny5 ~n~.i lu~n :~s~uci~tion or other institution
that so ~cquirE~s its titl~•. !Veith~~r shall such provisions
requir~ tii~ .ir?E~Iuv~~? of purch.~ser wha ucquires thc: title to
' ~n apartu~.•nt at ~ duly a~iv~~rtised public sale with open bidding
providtid l,y 1<<w, such ~s but not liinited to execution sale,
foreclo~ur~• s.+l~, judici.-~1 sale or tax sale. Neither shall
' such prc.v.i ~ion~ ~E>Fly tc thc~ Developer, or any person who is
~n of fic~~r, stockholcier or ~iirec tor of th~ Developer, or to
~ny cc~r4~oi.=tion t~.~vinc~ su,n~- ~r .~11 of its directors, of:icers
or stoc!:ti~3lcl~~rs in conunon ~vith the Developer, and any such
~erson oi c:~~r~.ur<,tion ~h.~ll t?~ve the riyht to freely sell,
1~•~~se~, tr<~r~~£~•r c~r oth~~rv;i~~- dtsl with tt~e title and ~ossESSion
~ oE an ~f~~~rc,n~r~~t. unit sVitt?~:ut ~om~;lying v~rith the provisions of
thi~ Si:Cti~.!~~, :~t1~~ ~~ithout: tt~~_ .+(~prov~~l of the AsSOCl~tioR.
13.6 l~n.~uti~~~ri: ~~d t.i~~~,~suct.ions. Any sale, mortgage or
lease not ~~url~+~~r ~:<<~ ~,ur su ,r~t f.o t~f e Lcr;r?s of this Declaratio~
si~~all be v~: i~J u~?l~ ~s ~u~~~.~~yu~ntly .ipproved by tht H~sociation.
13.7 !i~~c~,i~c)inc1 .~~~~:rc,v~l. V'!}ienever in this section an =
' approval in r~cc.,i~cl~k~l~~ toi.~~ is required of the Association
~ in conr,.~c tiar~ ~:~i t.h t:h~ s~~~~, transfer or pledging of dn ~
~ ~partrnt~nt, it i~ un~ierst~od ~~nd agreed that the sale approval
; shall nu± b~ ic:cc;rd~d c~xce~,t :~t tlie same time and simultaneously ;
~ rrith the i~-cr,rdin~~ ot the D~ed or rnortgaye, as appropriate. ;
~ 1"i.t3 :1:~! ic~• i~f li~•r; c~r ;uit. ' i
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> i •_;E;artrn~ nt c~vmer shaZl give ne~ ice, in u~riting,
~ t_,, ti.•- %t~.;~.c~~ i~~ti~,n r;t ~v~~ry lien unon his apartment other
- t}~.+r~ i;_~T .~ULtIOIlI~•if r:;urtc~~~yes, taxes and special assessirk~nts
; ~:i t!~+ir~ : iv~• ) d<,ys C tc~r tf~e att~ching of the lier?.
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~ (,t,;i tJnt_ic:c- of ~tait., An apartment owner shall give
~ nc~ti: i:: .:ric.~ny, ~c: t~~~• Associ~tion of every suit or
~ ut?~~~r t.r~~, ,~~r~~1in~~ ~vt?ich in~~y af fect the title to his apart- '
~ n?~nt, ,..y .E~ r~~~tic~ t~- i~: c~iven within five (5) days aftcr
~ ;iF~.:; ::;;~~nt ovrr.tr st?~11 receive knowledge or nctice
~ th~, r .
_ ;
~ ( r. i=.,~ '~~r..• tc~ cninE:] y. E=ailure to comply vrith this ~
y -
. :;u1~-~~•::ti~.r~ ~-~,c~~rninc~ li.-ns will not atfect the validity ~
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~ OI ,;u.~1C_t.:! ;;.il~.
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- 13.~i ~',`t~E~n~.v~r in thi~:. sc•ctior, an approval is required of
= tt?e Associ.~t.i~n in conncction ~.~ith thc sale, transferring,
lea~in~~ or F~1~~~:lyinc~ of any .~p~+rtrnent, ~nd such approval shall
= nc' h~~v~- he~~n c>bt~int.:cj p~,r~:u.~nt to the provisions hereof, failure
- u~on t.4:~• F;,~rr of tt?~~ i1~ ~oci~ti~n to object in writinc~ to sueh
sale. tr~nst«~r, E~lecfginy or leasing within ninety (9G) days after
th~ d~~~~ tl~,~•r~•c,f, or vrithin t?~irty (3~)) days of the date upon
rrhich cf~c- E~urchasc~~r, tr~nsf ere~ ur lc JJ~:C~ shall t:~ke possession
- c~f thc~ c r~~~ri,:~~;, ~r:hich~~v~•r ci<,t~, sh :ll he ]at_er, shall constitute
° w~ivcr !~y t!~~~ ~~:.soci;;tic~n uf the v~ri~r.~n consent othe-rwise
'j reyui~:.~i by *_his ~~ction.
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