HomeMy WebLinkAbout1424 lion unless such amendment is consented to in writing by Developer. This
right of use and transaction of business as set forth herein, the provisions of
Paragraph A of this Article and the other rights reserved by Developer in
the Condominium Documents may be assigned in writing by the Developer in
whole or in part .
XXVII. ASSOCIATION TO ACQUIRE INTERESTS
AND ENTER INTO AGREEMENTS
The Association is authorized to enter into agreements to acquire posses- 1
sory or use interests in real property and to provide therein that the expens-
es of said real property and any improvements thereon, including, but not
limited to, taxes, insurance, maintenance and repairs, are Common Expenses. '
XXVIII. TERMINATION i
i
A. This Declaration may be terminated by the affirmative written t
consent of eighty (80$) percent of the Apartment Owners and the written
consent of all Approved Mortgagees encumbering Apartments in this Condomin-
ium; provided, however, that the Boar-d consents to such termination by a
vote of three-fourths (3/4) of the entire Board taken at a special meeting
called for that purpose.
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B . In the event of the termination of this Condominium, the Condomin-
ium Property shall be deemed removed from the provisions of the Act and
shall be owned in common by the Apartment Owners, ro rata, in accordance
with the percentage share of each Apartment Owner in~e Common Elements,
as provided in this Declaration, and any and all lien rights provided for in
this Declaration or elsewhere shall continue to run with the real property
designated herein. as Condominium Property and shall encumber the respective
undivided shares of the Apartment Owners thereof as tenants in common .
Each Apartment Owner shall continue to be responsible for his pro rata share
of Common Expenses .
IN WITNESS WHEREOF, the Developer has caused these presents to be
signed in its name and . on its behalf by its duly authorized officers this 14th
day of February ~flQBX 1979.
WITNESSES: HIGH PO T EQUITIES, NC.
By : / it
ancy ahy ru r ent
e' A
Joan C. Man edi Charles E. Edmond, Jr.
Secretary ,
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RVOEN, BARNETT, McCLOSKr b SCHUSTER, AT TOANEYS AT LAW. 25 SOUT`i ANORE WS AVENUE. FORT LAUDERDALE. FLORIDA
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