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RECEIPT, ACKVO:~iLEDG:~IENT, ASSUt~1PTIO:I AND ACCEPTA`:CC IIY PURC~tASER
Purchaser, by acceptance and execution oE this Receipt,
acknowledges that this purchase of a condominfur.? unit at OCE11~1
VILLAGS OF HUTCHINSON ISLAtiD is subject in evQry respect to the
Declaration of Condominium as to the condominium in which his unit
is located and Exhibi~s attached thereto, inclu3ing but not limited
to (whether the saaae are attached.to the Declaratfon or referred to
therein), the By-La~s of the Assocfation, ArticlQS of Incorporatfon,
the Rules and Regulations, copy of proiected o~arating budget, cooy
of sales brochure and floor plan of ~partiaent purchased by Purchaser,
and all Amendments to the afcresaid Declaration and Exhibits and the .
- Articles of Incorporation, By-~.aws and Declaration of Covenants a:~d
Restrictions of the Property Owners' Associationf and Purchaser
. furthe~c acknowledqes receipt of and reading and exa~mfnation of said
- Declaratfon, its Exh3.bits, and budqet, sales brochure and floor plan,
an3 ~ckncw2~dqes that eac~ ar_~ eve~cy gxovision of the foregoin~ is
essential to the successful operation and manage.-nent of the Condo-
m3.niwoa property and is in -the best ' interests and for the benef it of
all the oamers therein. Purchaser and all owners of parcels in the
aforedescribec~ Condominiwu covenant and agree to abide by each and
every provision of said Declaration of Gondominium and Exhibits
attached thereto. Pu~chaser hereby ratifiea and conf-irms and approves
all of the tenas and gtovisfons of said Declaration of Condominiuca =
and Exhibits attached thereto, and aqrees that the assessment under
the Property ~wr?ers' Assxiation documents referred to above and ~he !
p~covisions thereo~ a~ce reasonable, fair and equitable, and said Pwr-- `
chaser acknowledqes and confirms that the Declaration ot Covenants
• and Restrictions of the Property Owners' Association has encumbered .
~ and iuapressed -a lieri upon the Condominium parcel being conveyed to
Purchaser, as security for his obliqation~ under the said Declara-
_ tion of_Covenants and Restrictions of the Property Owners' Associa- .
- tion and said Putchaser asswaaes th~ obligations as to the Property
Owners' Association as to his condominiura-p~zcel. Purchaser confir~s
that all warranties, representations a~d ~nducenents if ar~.y, are as
contained in the aforesaid Declaration of Condominium and Exhibits
.attached thereto,'arid the common expenses and the sums due under the
Property 4wners' Associstion and other charqes are estinated only. ~
No warranty or guaranty is.made or intended, nor may one be relied
except where the same is specifically warranted or quaranteed in
said Declaration of Condominium and the Exhibits attachsd thereto.
. . s .
IN NZTNF•SS l~~R~OF, ~acChaser has heretimto set hi~ hand (s) and seal (S)
this ' ~j' of .n~= , -
< Signed, sealed a~d d~e~ivered - .
in the presence of: ~
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1HIS INSTRt~Nf PREPARID BY: '
JOEN F. FLANICAN, FSQ• ,
707 Abrth Flagler Drive
Mest Palm Beach, Florida 33401
- ~2~ ~ 146
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