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2. OtheY Trans~fers - The distribution of a '
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Condominium Parcel by the personal representative of~the estate
of a deceased aWner, or a gift, or a request by a corporation for
a change in the suthorized occupants, shall be sub~ect to and
governed by the provisions of this Subparagraph 2. In the event
of any proposed transfer or change, the personal representative,
donor, or authorized corporate officer, shall notify the Condo- - l---
minium Association of such proposed--~r-a~sfer in writinq not less
than 30 days prior to the intended date of transfer. The party
giving such notice shall furnish the name and address of each
proposed transferree, the relationship af each, if any, to the
then awner, and such additional information as may be required
by the Condominium Association. Within 20 days of receipt of '
such notice, the Condominium Association shall approve or reject
such transfer, and in the event of rejection, the Condominium •
Association shall have a period of thirty (30) days within which
to provide the then vwner with an approved purchaser for such
Condominium Parcel upon such terms as shall be agreed between
the then owner and the Condominium Association. In the event
the then owner~and the Condominiwn Association cannot agree as
to the fair purchase price for said Condominium Parcel, then ~
; they shall each select an appraiser, which appraisers shall jointly
t agree on a fair purchase price, and if they cannot agree, then
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! said appraisers shall select a third appraiser, whose determina-
~ tion as to price shall be binding and conclusive~on all parties.
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In the event of the failure of the Condominium Association to per-
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E form as required within the time.period specified, then the trans-
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~ ferree originally proposed by the then owner shall be deemed ap-
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; proved and shall be delivered an approval of the Condominium
' Association in recordable form.
E 3. Mo~tgage Foreclosure - Purchasers from an
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i institutional lender which institutional lender acquires its
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