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RECLIYT, ACK:30[~LGDG:•1?~Pl'1', 1SSUtIPTI0~1 11i]D 11CCEPTI~~1C~ ~3Y PURCi'.11S~R
Purchaser, by acceptance and execution of this Receipt,
acki~owledges th.zt this purchase of a condominit~m unit at OCEAN .
VILLIIGC OF IiUTCHIt~SOP7 ISLA2~D is subject in every respect to the
Declaration of Condominiu:n as ~o the condominium in which }iis unit
is located and ~xhibi~s attaclied thereto, including but not limited
to (~•~hether the sar:ie arc attached to the Ueclaration or referred to
therein), the By-Laws of the Association, Articles of Incorporation,
the Rules and ReguZations, copy of projected onerating budget, cony
of sales brochure and floor plan of apartment purcl:~sed by Purchaser,
and all Amendments to tl~e aforesaid Declaratiori and Exhibits and the~
Articles of Incorporation, IIy-Lc.~iJS and Declaration of Covenants and
Restrictions of the I'roperty Oc•~ners' Association; and Purchaser
further ackno~aledges receipt of and reading and examination of said
Declaration, its EkhiUits, and budget, sales brochure and floor pl.an, .
and ac}:nowle~ges that each and every provision of the foregoing is
essential to the successful operation and management of the Condo-
minium property and is in t}ie best interests and f or the benef it of
all the owners therein. Purchaser and all oc~ners oF parcels iii the
aforedescribed Condom?nium covenant and agree to abide by each and ~
every provision o~ said Declaratio*~ of Condominium and Exhibits ;
attached thereto. Purcllaser hereby ratifies and confirms and approves ~
all of the terms and nrovisions of said Declaration of Condominium ~
and Exhibits attached thereto, and agrees that the assessment under
the Property Otvners' Association documents referred to above and the ;
provisions thereof are reasonable, fair and equita~le, and said Pt~r- :
chaser acknoc.ledges and conf irnls that the Declaration of Coven~nts
and Restrictions of the Property O~~ners' rlssociation has encumbered
and ir,tpressed a lien upon the Condominium parcel being conveyed to
Purci~aser, as securit~~ for his obligatians ur.der the sa~ t? ~eclara--
tion or Cover.ants and kestrictions oi the Propeii:y U"ners' L1JbG~.1.4-- ~
tion and said Purchaser assumes the obligations as to the PrQperty
' Owners' Assoeiation as to his condominiur? parcel . Purchaser conf irt:~s
E that all ~•~arranties, representations and inducements if any, are as
~ contained i:i the aforesaid Declaration of Condominium and E::hibits
~ attached thereto, and the common expenses and the sums due under the
~ Property Owners' Association and other charges are estimated only.
~ No t•~arranty or guaranty is r.~ade or intended, nor may one be relied
except where the same is specifically ~.*arranted or guaranteed in
~ said Declaration of Condor:tinium. and the Exlzibits attached there~o.
~ ~
~ II1 ~•~JTt1E~~!TIiEREOF, Purcha r has hereunto set its hand (s) ~
~ and seal(s) this i day o~ . l~~,j
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~ Signed, sealed and delivered =
~ in t.he presence of : 3
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~ .i~~{ ~ `r,
/ ,V / Y f ~
~ ~ Z ~ / ~
~ ~ Vernon G. Parker ~
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~ 1~ ; L Is r_ h - E. Parker ~
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~:;a SJ1I ; II;STP,U'~:Et?T PRI?F'71P~ED IIY : • `
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