HomeMy WebLinkAbout0143 all of which sa.id lots sha11 hereinafter be referred to as "Tfie Properties".
Sectirn 2. Uonmon Properties. Zhat the PropertY described in
Schedule "B" attached hereto as it appears on the propo,9ed plat of 90ITIH PORT
ST. LUiCIE SEC.TION S~'VIIV'I~l, a subdivisiori in St. Lucie ('btmty, Florida,
aco~rding to the plat thereof, to be reoorcied in Plat Bodc at'Page
of ;he Public F~eoords of St. Lucie County, Florida, be referred to as "Cc~mnn
Pr~operties, be dedicat~ed as recreational, and/or gark areas and for ingress and
egress and that the use of said anman properties be restricted and dewted to the
axmnn use and enjoynrnt of the owners of "Zf~e Pro~erties" as herein defined.
Section 3. Additions to Existin~ Property. Additirnal land may
beoome subject to this Declaratirn in the follc~wing mazuier:
(a) Additirns. Opan approval in writing of the Associatiori
pursuant tr~ a vote of its me~N~ers as provided in its Articles of Inoorporatirn,
the awner of any property who desires to add it to the scheire of this Declara-
tian and to subject it to the jurisdiction of the Association may file or record
a Supple~rental D~eclaratiori of Cbvenants and Aestricti~s.
(b) Mex rs. Upai a merger or ocnsolidatian of the Associatirn
with another associaticn as provided in its Articles of Invorporation, its
Praperti.es, rights and obligatirns may, by operation of law, be transferred to
anather surviving or vonsolidated association or, alternatively, the praperties,
rights and obligatia~s of another associatian may, by vperatiaz of laaa, be added
to the gro~erties, rights and obligations of the Association as a surviving
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~ oorporatiai pursuant to a merg~er. Zhe surviving or valsolidated associatirn
~ may ac~ninister the vovenants and restrictiais established by this peclaration '
~ within the Existing ProQexty exvept as hereinaffier provided.
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~ ARTIQ~E III
~ ~El?SfiIP AND VO~I'~iG RIC~i'I5 IN Zi~ AS.SOCIATI~T
Section 1. 1~Iembership. Every p~rscn or entity who is a revord
c~wner of a fee or wnd.ivided fee interest in ariy Lot or Living ihit which is
subject by these oovenants of reoord to assessrent by the Associatirn shall be
a me~nber of the As.sociatirn, pravided that any sucri persrn or entity who holds
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~ suc~ int~erest merely as a security for the perfonnanoe of an abligation shall
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~ not be a memb~r.
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~ Sectirn 2. Voting Rights. Zhe Associatirn shall hav~e tsa~o classes of
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~ voting membership.
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