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as specifically provided hereina.bove, including, without limitation,
persons acquirinq title by op~ration of law, including purchasers at
judicial sales (other .than a foreclosure sale) shall not be entitled to
occupancy of the unit orenjayr~ent of the common elements until •
such time as all unpaid assessments due and owinq by the former Unit
Cwner (s) have been pgid.~ In the ca.se of an Interval Cwnership, such
shall however, not aQPly to any Cwner or acquirer ~f any other Interval
Cwnership in the same parcel. The Management Fir~n, as long as the
~ ~lianagement Agreement remains in effect, and therea,fter, the
Association, acting throuqh its ~ard of Administration, shall have the
right to assign its claim and lien rights for the recovery of any unpaid
assessments to the reveloper, or to any Unit Cwner or group of t)nit -
Cwners or to an~ third party. ~
~ ~ - Any mortgagee (includinq a first m~rtgagee) acquiring title to
a Condominium~ pe~.rcel or Interval Ll~vnership as a result of foreclosure
or a deed in lieu of foreclosure, shall be, during the period af its .
ownership or such pa.rcel or Interval Cwnership liable for the payment
of all assessments against such interest cominq due during the period of
such ownership, whether such parcel is occupied or not.
~ The Zeveloner is excused fronl the payment of its share of the
~ommon expenses and other assessments in re~pect to those parcels
and Unit Weeks owned by Developer durinq such period ~f time that it
sha.ll have guaranteed that the assessments for common expenses of the
Condominium ~mposed upon the unit ~wners other than the L~eveloper ~
sha.ll nbt increase over a stated dollar amount, and obligate itself to
pay any amount of the common expenses incurred during tha.t period n~t
produced'by the assessments ~made at the gt:ara.nteed level receiveable
from the other Unit ~wners. .
Assessments, dues and fees, in addition to th~se spe~ified in ~
; this Article, shall be made upon all_Unit Cwners by TURTL~ REEF
~ MASTER ASSCCIATICN, INC. , whi~h fees, dues, and/or assessmer.ts
i are entirely apart from and unconnecEed to assessments by the
Association hereunder and payment of any assessment hereunder shall
not relieve any Unit Cwner from his- obligati~n to pay fees, dues, and/or
assessments to TURTLF REEF MASTER ASSCCIA'TICN, INC.
XIIII. INSURANCE PRCVISICNS ~
A. LIAL~ILII'Y INSURANCE: ~
The Mar,agement Firm; as long as the Management Aqreement
' remains in effe~t and, thereafter, the R~ard of Administration ~f the
Association, shall obtain Public Lia.bility and Property L~a.mage Insura.n~e
covering all of the common elements of the Condominium and insuring
~ the Association, the U nit Cwners and the Management Firm, as long as
the Mariagement Agreement remains in effect, and its and their interests
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~ appear, in such amounts and providinq such coverage as is required in the
Condominium Act, and if not required in su~h amount and pr~viding such ~
coverage as the Marragement Firm and thereafter, the Poard of
Administration, shall determine. Such premiums shall be ~harged as a
common expense.
R. scoTr L~II-11
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