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Home My WebLink About0697 . . S~ction 4. No J1laiver of Rights. The failure of th~ ~-sociation, the goard of Administra.tion, the Management Firm, or ~f a?)nit Cwner tu enforce any right, provision, covenant or condition which may bc g:~ant~d ~y the L~eclara.tion, the Exhibits and/or the Cond~rninium A ct sh?:1 not constitute or be construed to be 3ny waiver of any right t~ enfor~e c~.~^'^. r•iqht, provi~i~n~, covenant or ~~nditi~n in the future. cectian 5. Flectian o.f uemedies. RemPdie~ ~nd ~r~vi?egec granted t~ the Ass~ciation, the Fo~rd of AdminiGtrat:on, the h~arr3~einent J - Firm, or a U nit Cwner (or any combir~tion there~f) oursuant t~ any term~, provisi:~rs, covenants ~r conditi~ns ~f the reclara~ion, the ~:xhibits and/~r the Cacldom inium A ct ~hall be deemed to be cum•alative and t«e exercise ~f . any one or more ~hall not be deemed to ~onstitute an electiun of remedies, nor sh311 it preclude the pa.rty or parties thu~ exercising the c3me fram - exercising su~h ott~er and additi~nal rights, remedies or Frivi~eges as may be grant~d to ;uch other, ~nd fr~m exer~i~ing ~u~h additi~n~~ rights, remedie.. or privileges as may be gra.nted to su~h other pgrt,y by t.h.e rec;3r~.tion, the Exnibits, the Condominium A~t ?nd/~r at taw or in equity. ~ ~ ~ Se~tion E, The Manaqement Firm. The Man3gement Firin ac long ? as the ~y?~r,agement Agrezment remains :n effect, shall act ~n beh~lf ~f the ; . Asso~iation, the P~3rd of Administration of the Asso~iation and or. its behali with all of the ~wers and authority gr3nted to the Associati~n ~nd the ~~ard # - of Administr3tion of the Asso~iation as t~ 311 TT13Z~P.?"~ 3flC~ 3~I ~~cti~ns of ~ ~ this A r~i~le VIII s~all be interpreted_ aG in~I~ading wit.h.in the ~ontext ~f su~h Sections, violations of the Nanagement Agreement. 1'~e l~!'anageinent r irm may a~t upon its own determination ~r upon the determin3ti~n ard dire~ti~n of the ~oard af Administration of the Asso~ia.tior: 3s to Se~tion 1 hereinabove. ~ Should the Nan~.gerr~ent Firm fail to act, as directed by the F:~?rd ~f t~dmin- ; istra.tion 3G to Section 1 above, the Foard ~f Administrati~n may 3ct ~n their ' own behalf; ~:awever, due to the diverse tv~eG of situations t'-~at may arise ' between Unit ~w~ers stemming out of the alleged vi~lation, t~e I~~anagement = ~ rirm shail not be li~.ble or re~~nsible to the A~so~ia.tion, :}s ~~ard ~f < Administra,tion or the Unit Cwners, for the f~.ilu^a to act a~ dire~ted by the ` ! Foard-cf A dm inistration as to ~e~~t ion 1 hereinabove. ~ Se~tion 7. ~J nits Committed to Interval Cwnership. A ny ~iens ar ~ sanctions 3gainst an Interval Cwner oi ur:i't u%eeks in a~r~e~ committed t~ ~ Interval Cwnership for an alleged defa.ult ~r vi~lation a~ ~ei fi:rtLl in-thi~ ~ Arti~?e VIII srall be limited to the Unit u'ee~ owned b~ s~c~~ ?nterval C.,~ner ~ and shall be of no for~e and effz~t as t~ 3nSj ~ther LTnit ~.R'eek~ or Ir,t~rval Cwners t!~ere~f. - . A?~TI~LE VIIiI - C UISTICN CF UNITS CN FCRECLCSIJRE ? Section 1. Arquisition of Units on Foreclosure. . tit ~.r.; fcre^Ios~~re sale of an Cond~minium p~.r~el (or an Interval Cwnership trErein) the Foarci of Adrr~inistraticn may, «ith th~e authorization and aFproval by t'~e affirmative ote cf v~ting members casting not less than sixt;~ (E~~) pAr.^_ent ~f the total ~ _ otes of the members present a} the meetinc~ at whi~h t"P rna~~Pr is v~ted ~ upon, acquire in the name of the Associa~t~~~~ cr its desig~ee, a Cond~mini~m ~ . par~el (or an Interval G'~~vnership therein) being fore~l~ced ~~~~n. The term ~ "fore~losure", as used in this Section, shall mean and in~Iude ar:; forecl~sure ~ ~ of any lien, excluding a lien for assPssmenLt. The power o~ the R~ard ~f ~ ~ dmir,~stra.tion to a~quire 3 C~ndominium qarcel or IntertTal Cwnership at } ~ ny fore~losure s31e shall never be interpreted as any requirernent or oC~:- ~ ~.tion on the p~rE ~f the~said Eoard of Adminis±ra,ti~n or of t~e ~ss-~cia.tion to ~ w. R. scorr do so ~t any foreclosure sale, the provisions hereof being rzrmissive in ° „noRN~.,?,uw n3ture and for the purposes of setting forth the ~~wer in the ~oard ~f Aamini- ~tration to do should the requi$ite approt,r31 of t~?e voting r_:ember~ be ST~~~.. btained. The ~o~rd of Adminictration shall not ~e required to ~btain the ~ pproval ~f the v~tinq member~, upon the foreci~sure ~ale ~Jf 3 p31`Cel OL' 3[1 ~ _ ,~y~ . t~Ii-14 ~°RqK:~~~ ~ ~p`~1 ~ ' _r"~ . _ _ - - Y- _ ~