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REC~IYT, ACK,70NL~DG:ICNT, ASSU[1P'rIOV AND 11CCEPTIIVCC 3Y PURCI:ASER
Purchaser, by acceptance and execution of this Receipt,
acknowledges that this purchase of a condominium unit at OCEAN
VILL1lC~ OF IIUTCfII2dS027 ISLAt~D is subject in every respect to the
Decl~ration oF Condominiu:n as to tlle condominium in which his unit "
is locate3 and ~xhibits attachcd thereto, including but not limited
to (c~hether tl~e sar.ie arc attached to the Declaration or referred to ~
therein), the IIy-Laws of the As~ociation, Articles of Incorporation, ~
the Rules and Regulations, copy of projected operating budget, copy
a€ sa~.es brochure and f2oor plan of apartment gurchased by Pur.chaser, i
and all Amendments to the aforesaid Declaration and Exhibits and the ?
Articles of Incorporati:on, By-La~vs and Declaration of Covenants and
Restrictions of the Property O~aners' Associatian; and Purchaser
further acknowledges receipt of and reading and examination of said ;
Declaration, its Exhibits, and budget, sales brochure and floor plan,
and acknowledges that each and every provi.sion of the foregoing is .
essential to the successful operation and management of the Condo-
minium propzrty and is in the best interests and for the benef it of
all the owners therein. Purchaser and all oc~ners of parce].s in the
aforedescribed Condom~nium covenant and agree to abide by each and
every provision of said Declaration of Condominium and Exhibits
. attached thereto. Purchaser hereby ratifies and conf irms and anproves ;
all of the terms and arovisions of said Declaration~.of Condominium , j
and Er.hibits attached thereto, and agrees that the assessment under %
the Property Oc,mers' Association documents referred to above and the
provisions thereof are reasonable, fair and equitable, and said Pur- ~
chaser acknowledges and confirris that the Declaration of Covenants $
and Restrictions of the Property O:aners' Association has encumbered t
and ir.~pressed a lien upon the Condominium parcel being conveyed to '
Purchaser, as 5ecurity for his obliga~ion~ unc~er the said Declara- '
tiou of Covenants anct Itestri~tians oi tne -i'reperty Gca::ers' yssacia -
tion and said Purchaser assumes the obligations as to the Property i
Owners' Association as to his condom~nium parcel. Purchaser conf irras ~
that all ~~arranties, representations and inducements if any, are as
contained ia the aforesaid Declaration of Conciominium ~nd Etihibits
attached thereto, and the com.mon expenses and the sums clue under. the
Property Owners' Associat-ion and othe-r charges are estimated only. ~
No warranty or guaranty is_r.taae or intended, nor may one be relied ~
except where the same is specifically «arranted or guaranteed iti ~
said Declaration of Condor~inium and the Exhibits attached thereto. ~
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IN [~JIT2JESS tv~IiEREOF, Purchaser has hereunto set its hand (s) -
and seal (s) this al~- da}~ of , 197(~.
Signed, sealed and delivered
in the presence o~
~ ~ ~ ~ . %
j
p . Knight
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. = to isoth /
Marie. P. IC~ig . ;
TIJTS INSTRU: :~i•2T I'RI;F'I~RED IIY : - ~
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707 I20: '1~'Ii !'L~~GLL'R i7RIV~ ~
. ~•IEST I'l1L!•I l3E~CI1, I'J~U}ZJUA 33901 . r
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