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HomeMy WebLinkAbout0866 . • RIiC.)il1'T, ACti'~,'tXYi.1:Ix~fI:~~FI.~AS,SI~'•ti''f 1(1:~1 A~'~D A('.(:lil'1;1i~~!:ii RY 1'111:(] ['1SER 1'urcha~:cr, hy uc:~.r.ptru~c~i~ ~it~d exr.cut~ian o!~ it~i~ Itccc~.iPt~ acknowl~~cit;::~ , thaC this ~~urrliasc of. ;i c~nda:~iniu+n unit. at (K:1:~IV VIf.1.A(~!i Ur l~IUI'(:IIIHS(hN ISLA~'!) i~; ;;uhjcct in c~~c~ry rc~;~~ccl~ tu thc lk~c~l;u•ati~n of COJ1i~011t:I1Jt~Nl ,~s to thc rondoruini~n:i in wl~ich his ~u~it i~ ~urr~tcd an~l li.rhi?~its :1t t:~c.ltccl t~h~r~~tu, inclucli~i~; but not. 1.i~~i.it-cd tu (~:hc~t)tcr tl~c :::,~nc arc .~t:ic~cl~ccl to 11~e lk~clr~~~:ilicm or rctcrrecl to ll~crcin), tl~c J3y-I.~n~~s cl' thc A.sc,c~arion, Ai•tir.2es of Tncc~l•~xirltioii, the l~lc:~ ~~i~l kct;iilai:ions, copy O.T j)l1)~GCtCC~ O)~C1•:~lin~; bu~~;cC, c~~py of ~~~lcs UI'U4I1lI1C tutcl fl~x~i- ~~lr~~i of 1~~art~t:•.nt ~~~»•rl:a~;c~1 liy 1'ui~ch:e~ci•~ aiicl .i21 /Uncnclj~:t,~it~ t~~ tl~c aforc~;~i~l lk- Cl:u:iticm utul l:ai~it~it;: .~,,c; .ific ArC~t:it•s of 1!~c~,,~: t ic~n, iSy-L;tws ;:nci DE~clar;~i.:on of Cuvcn~n ts ;:nil Itctiti•icti~ns of t hc 1'ro~~crty Q.~,icrs' A~soc i ati.o:~; .ind 1'?n ~3~c~~,cr ftu•thcr ack~t~~.)r.a~~s rccciPr. of aitd i•cadin~; and cx:imin:ifiio~i of sai.d l~,c:lar~t~ion, its }:xhihits, ~nd bucl~,ct,~ tialr.s brochurc ai~ci fl~or plan, ~iui ark~~a~vleci~;cs t:hat c.:ch ,~ncl cvcry 1»rvi sian of tiic lorc~oin~ i ti c~;senti;cl ro thc succcssful o1~cr~~Lion at~cl i~~~nai;a- nk~~tt oi~ thc t:or~~?t~:t~ini~c~~ I~roJ~erty ancl is in t}it~ >>z~st intc~,•rtt5 ~nd far the ~cnc!'it oi' all the o;mrrs Ylici~cii~. I'ur~h.iser a~ul all o:.mcrs of p,,~-rcls in thc nforeclcscrii~c.l Conc~oc~ii~zi~m~ covcn~~ni and ugrec to abicle Uy c~ch .vxl c~~cry ~n-o'!15]011 of said•lYrr.l:~r- ;~fii~n of Col~cla:~i~~iinn and }ixhi.l~it~ aCtached ihcir.t:o. I'urcl~asr.n c~rcl~y ratifir:~, anci . cc~aifirms as~cl rsPj~mt~cs all of tl?c tcrms :.uid ~~rovisions of saicl I~claraCion of. Ca~~clo- lilll)ilIIll ~IICI I.xi~ibits .^.ttached thcrcL~, vld :~~rr.cs that thc asscssmcnt uncicr t7~e - l'rop~rty O~~rncrs' Assor.iacion doc~mr>>its refcrrccl to abovc ,u~d the i~rov.isions tL-c~rcof ai•c rcaso~~.ihlc, fair :i:ld equitahlc, a>>:l said l'urchascr .~c;:?~~~~ulcdges :~nd confirr.~s that. the l~clai•zticn of Coi~cnants and l:estrict ians of ti~c 1'i-opert:y O•:ners' ~ssoci- ai.ion has enci~i~t~crcd .u~d a.m~~ress~d ~ licn usx~n tiic (:ondof~~ini~a~ parc~~) bein~ coi~veycrd to )'~~rchrscr, ~s securit.~~ for ~~is obliE::tia»s tuiclci• tl~c s;~~~ ll:clzratian of Covcn~~~iis and Rcstrictions of fii.c Pi~opcrty O.~ncrs' Assaci~itaon ~ntil ::air1 l~urch.~scr as~unc~s tlie o~~iigations as t~o the Prc}~: rty 0~1nc•rs' Associ.ition as to his condo.niuiin;~ p~rccl. ~~rchr+ser confi~~:s t~~~~t ~ 11 e:?a; r~~tti.cs, repres~~ntat-ior.s :in~ xr.dacemen+,;~, i.i a~3; , are 1~S ~..OTiZ:a2'.7i'.'l~ 1T~ i}f.^ icfdl'C=~Jlf1 ~1i:~'~i!]~_±L~ur~ C.: LU1:S.~i:73:i1I13Ui~1 i.li:~ .ltt":~ j:T:~ll~)1~~5 C~ICI~ il:i'i'C:" to, a.~~cl t'ir coa:~,~n cx~~~c~~ses ancl tLc ~u:rs duc ~ur.lcr thc I'I'Ojit',1's;.y C~?:~ncrs' Association ` ancl othcr cl~:~r~;es arc estimated onl~~. l~b ~,rarraT~Ly ol~ ~u;~r.~nty is m~c1e or int^nctec?, nar mzy onc he r~liccl cxcc~;~t- :~herc thc sam~• is SpiCifiCally ~t<<rr~u~tcd ar guar:.niccu in said ll;claraticr. c~f ~~~;r,do~~in~.t*~~ :.nd tlie 1:x'.~ihit~ attachcd i:]~crci.u. It: i:iTl~i:~S l i~L!'.EC; , 1'~~~•cli.~se,' has }:::i-cunt~ ~^t his hsnct ~?~3 ;ca] this 19th day o~ Dece~er , 19 77 . s Si finccl, scalecl and del i~~crcd in thc pr~scn~c of: ` ~1) , ~ (SI':AI,) - - J. SING~R~ ~ 2 c _ a. ~ r ` (SrJ11,) ' ILLIAN N~SSINGER - . ~ '11115 II~STl:lPii~`:f 1'IJ:I'/1i:i•.D 131 : ; 3} 4 ~~~i{, ~'J.rti~)~i~.~!~ ' ` # i~~7 h[l)'t~l ~')7~;~C]' ~)I']VC ~ lticst 1'al~n !~c~irl~ ~ 1~, orici~ ~3~; 01 i ? ~ ~ . . , i , . ~ a , ~ 3 ~ ~ ~ 3 . ~ `sooK 2~3 PacE 86~ ~ ~ ~ ~ ~