HomeMy WebLinkAbout1273 ARTICLE XIX
SUBMISSION TO COVENANTS AND RESTRICTIONS
The Developer does hereby submit the Land described on
.Exhibit No. "1," as said Exhibit No. "1" may, from time to time,
be~hereinafter amended,~to this Declaration of Condominium to the
provisions of the OCEAN VILLAGE DECLARATION OF COVENANTS AND
RESTRICTIONS dated May 15, 1975, and recorded June 30, 1975, in
Offical Record Book 241, page 485, Public Records of St. Lucie
County, Florida, which provisions shall as fully apply to said
Land as they do to those lands described in Exhibit A to said
Ocean Village Declaration of Covenants and Restrictions.
ARTICLE XX
MISCELLANEOUS PROVISIONS
A. Easement for Encroachment. The Unit Owners agree-that
if any portion o a Con ominium Unit or Common Element or Limited
Common Element encroaches upon another, a valid easement for the _
encroachment and maintenance of same, as long as it stands, shall
and does exist. In the event the Condominium Property is partially
or totally destroyed, and then rebuilt, the Owners of the Condomi-
nium Units agree that encroachments of parts of the Common Elements
or Limited Common Elements or Condominium Units, as aforedescribed,
due to construction, shall be permitted, and that a valid easement-
. for said encroachments and the maintenance thereof shall exist.
B. No Exemption from Assessments. The Owner of a Condominium
Unit may not exempt himself from liability for his contribution
toward the Common Expenses by waiver of the use and enjoyment of
any of the Common Elements, or by the abandonment of his Condominium
Unit.
C. Ad Valorem Taxation. The Owners of each and every
Condominium Unit sha 1 return the same for the purpose of ad
valorem-taxes with the Tax Assessor of St. Lucie County, or such
other legally authorized governmental authority or officer as may
from time to time have jurisdiction over the same. Nothing
herein shall be construed, however, as giving to any Unit Owner
the right of contribution or any right of adjustment against any
other Unit Owner on account of any deviation by the taxing autho-
rities from the valuations herein prescribed, each Unit Owner to
pay such ad valorem taxes and special assessments as are separately
assessed against his "Condominium Unit".
For the purposes of ad valorem taxation, the interests of
each Unit Owner. of a "Condominium Unit" and in the "Common Elements",
shall be considered as one taxable Unit. The value of such Unit
shall be determined by dividing the value of the entire Condominium,
including land and improvements, by the percentage that has been
assigned to said Condominium Unit as set forth in this Declaration.
The total of all of said percentages equals 100$ of the value of
all of the land and improvements thereon.
D. Covenants Run With the Land. All provisions of this
Declaration and the Exhibits attached hereto and amendments
~ thereof shall be construed to be covenants running with the land
and of every part thereof and interest therein, including, but
not limited to every unit and the appurtenances thereof, and
shall be binding on every Unit Owner and claimant of the Condominium
Property or any part thereof, or of any interest therein, and his
heirs, executors, administrators, successors and assigns.
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