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RECCIPT, ACK~JOtVLCOGt1CNT, ASSUtIPTIOV AND ACCF.PTII~ICC 3Y PURCI:AS~R
Purchaser, by ttcceptance and execution of this Receipt,
acknowledqes that thiG purchase of a condominium unit at OCEAN
VILLI\GC OF IIUTC~IIt~SOPJ ISLAtJD i~ sub~ect in every respect to the
Declaration of Condominium as to the condominium in wt~ich his unit
is loc~ted and ~ahibit~ attached thereto, including but not limited
to (~~~hether the sar.ie are attached to the Declaration or referred to
therein), the By-La~vs of the Association, Articles of Incorporation,
the Rules and ReguZations, copy af projected oneratinq budget, copy
of sales brochure and flaor plan of apartment purch~sed by Purchaser,
and all Amendments to the aforesaid Declaration and Exhibits and the
Articles of Incorporation, IIy-Laws and Declaration of Covenants and
Restrictions of the Property Owners' Association; and Purchaser
further acknowledges receipt of and reading and er.amination of said
Declaration, its Exhibits, a~d budget, sales brochure and floor plan,
and acknowledges that each and every provision of the foregoing is
essential to the successful operation and management of the Condo--
minium propzrty attd is in the best interests and for the benef it of
aIl the owners therein. Purchaser and all otaners of parcels in the
aforec~escribed Condominium covenant and agree to abide by each and
every provision of said Declaration of Condaminium and Exhibits
attached thereto. Purchaser hereby ratifies and confirms and approves
all of the terms and vrovisions of said Declaration .of Condominium
and Exhibits attached thereto, and agrees that the asse$sment under '
the Prop~rty Ocvners' Association documents referred to above and the
provisions thereof are reasonable, fair and equitable, and said Pur-
chaser acknoc~ledges and ~onfirris that the Dec~.aration of Covenants
and Restrictions of the Prop~rty O:oners' Association has encumbered
and irapressed a lien upon the Condominium parcel being conveyed to
Purchaser, as security for his obliya~ions under the sa~.d Declara-
tion of Covenants and Restrictions oi tne Propercy ~.Yi,crs' As~~F~a•-
tion and said Purchaser assumes the obligations as to tt~e Property 1
Owners' Association as to his condominiun parcel. Purchaser confircns ~
that all warranties, representations and inducements if any, are as ~
contained i~ the aforesaid Declaration ot Condominium and Exhibits `
attached thereto, and the common expenses and the sums vue under the
Propertl~ Owners' Association and other charges are estiraated onZy.
No warranty or guaranty is r.iade or intended,.nor may one be relied ~
except where the same is specifically iaarranted o~ guaranteeci in
said Declaration of Condomininr.i and the Exhibits attached thereto.
II1 4IITTdESS «iEREOI', Purchaser has h reunto set its hand (s)
and seal (s) this 6 day of ~ y , 19~,s'.
Signed, sealed and delivered
in the presence of:
(1) ~ ?Z~
s E. Nazzaro
(2) G!'~..~ ,
~°r Phyll s S. Nazzaro
TI1TS INSTRUI:Er:T PREPARED }3Y : .
JOH~I P'. I'L1`:ZGA?J, ESQ.
7 07 t~10:t'I't; FL'~GLL•'Z ~P.IV~
. 1•JEST PJ1Lti1 bi:tlCti, ~'LORIDA 33901 ~
aooK 2~5 P~25Q1
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