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HomeMy WebLinkAbout0623 completed within two years from the date hereof and at such time as said items are completed the Developer shall f ile an amendment of this Declaration with a Survey attached reflecting the final , location. dimensions and size o£ said comp~eted items. Such ~ Amendment shall be f iled and recorded in compliance with the Condo- 3 minium Act. The provisions of this paragraph are paramount to and ~ supercede the foregoing~provisions in the preceeding paragraphs of this Article VII. • VIII BY-LAWS The operation of the condominium property shall be gover- ned by the By-Laws•of the Association which are set forth in a document which is annexed to this Declaration, marked "Exhibit No. 2", and made a part hereof. No modif ication of or Amendment to the By-Laws of said Association shall be valid unless set forth in or annexed to a duly recorded-Amendment to this Declaration. The By-Laws may be amended in the manner provided for therein, but no Amendment to said By-Laws shall be adopted which would affect or impair the validity or priority of any mortgage covering any condominium parcel(s) without the written approval of the affected mortqagees of record. No amendment shall change the rights of the Developer withaut the Developer's written approval; however, the requirement for the Developer's approval as herein provided shall terminate as of February 5, 1979, or sooner at the Developer's option. IX . THE OPERATING ENTITY The name of the Association responsible for the operation of the Condominium appears at the end of this Declaration, as "Association", said Association is a non-profit Florida corporation, organized and existing pursuant to the Condominium Act. The said Association shall have all the powers and duties set forth in the Condominium Act, as well as all of the powers and duties granted to or imposed upon it by this Declaration, the By-Laws of the Association, and its Articles of Incorporation, which Articles of ! Incorporation are attached hereto, marked "Exhibit No. 3", and ; made a part hereof. Every owner of a condominiwa parcel, whether he has i g acquired his ownership by purchase, by gift, conveyance, or trans- fer by operation of law, or otherwise, shall be bound by the By-7~aws of said Association, by the Articles of Incorporation of the Asso- ciation,•~and by the provisions of this Declaration. X ~ ASSESSMENTS The Association, throuqh its 8oard of Directors, shall have the power to fix and determine, from time to time, the sum or sums necessary and adequate to provide for the common expenses of the condominium property, and such other assessments as are specif ically provided for in this Declaration and the By-Laws attached hereto. The procedure for the determination of such assessments shall be as set forth in the By-Laws of the Association ~ and this Declaration. ~ The common expenses shall be assessed against each Condo- ~ minium parcel owner, as provided in Article VI of this Declaration. -5- . . ~ _ BOOK ~.J~ fAl~ ~ - - - ~ ~ ~"rt'~' .rr~ , h. k :.y Y, V . . - '~C ~ 2 . - . . ..r ~ ~ , " .e .