HomeMy WebLinkAbout2018 of the exterior of the apartment building without the
prior approval, in writing, of the owners of record of
fifty-one (51°~7 percent of the apartment units, and
the approval of the Association.
(3) To prom~?tly report to the Association any
defect or need foi• repairs for which the Association
is responsible.
7.2 Parking Spaces., The Association shall r~iaintain and
repair at the Association's expense all parking spa~es.
7.3 Recreation Area. Maintenance, repair, replacement,
alteration and improvement of the Recreation Area shall be by
The Association at the Association's expense, pursuant to the
terms and provisions of the Ninety-Nine Year Lease. -
7.4 Alteration and Improvement. After the completion of
the improvements included in the comnon elements which are
contemplated in fihe Declarati.on, there shall be no alteration
or further improvements of comnon elements without the prior
approval, in writing, by record owners of seventy-five (7~ ~
percent of all apartment unit owners, together with the
approval of the Association. The cost of such alteration or
improvement shall be a common expense and so assessed. Any
such alteration or imQrovement shall not interfere with t}ie
rights of any apartment owner without his eonsent.
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8. Assessments. The making and collection of assessments against
apartment owners for comanon expenses, and for reserves as may from time to
time be established by the Association, shall be pursuant to the By-Laws
of the Association, subject to the following provisions:
8.1 Interest Application of Payments. Assessments and
installments on such assessments paid on or before five (5)
days after the date when due, shall not bear interest, but
i all sums not paid on or before ten (10) days after the date
; when due shall bear interest at the rate of ten (10~ percent
per annum from the date when due until paid. All payments
on account shall t~e first applied to interest and then to
~ the assessment payment first due.
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~ 8.2 Lien for Assessments. The Association shall have a
~ lien against each apartment unit for any unpaid assessments
I against the owner thereof, and for interest accruing thereon, ~
; which lien shall.also secure reasonable attorney`s fees
~ incurred by the enforcement of such lien, whether or not legal
` proceedings are initiated. The said liens may be recorded
s among the Public Records of St. Lucie County, Florida, by
~ filing a claim therein which states the legal description
= of the apartment unit, and the amount claimed to be due, and _
~ said lien shall continue in effect until all sums secured by
= the lien, together with all costs incurred in recording
' and enforcing said lien, shall have been paid. Such claims. ;
? of lien may be signed and verified by an officer of the
° Association, or by a managing agent of the Association.
~ Upon full payment, the party making payment sY~all be entitled -
~ to a recordable satisfaction of lien, to be prepared and °
~ recorded at his expense. All such liens s}~all be subordinate i
~ to the lien of mortgages or other liens recorded prior to the
` date of recording the claim of lien, and all such liens may =
- be foreclosed by suit brought in the name of the Association -
3 in like manner as a foreclosure of a mortgage on real property.
In any such_foreclosure the owner of the apartment unit
subject to the lien shall be required to pay a reasonable ;
~ rental for the apartment unit, and the Assoeiation shall be
entitled to the appointment of a receiver to collect the .
# same. The Association may also, at its option,sue to
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