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RECEIPT, ACKNOWLEDGMENT, ASSUMPTION AND ACCEPTANCE OF PURCHASER
Purchaser, by acceptance and execution of this Receipt, acknowledges
that this purchase of s condominium unit at OCEAN VILLAGE OF HUTCHINSON ISLAND
is sub3ect in every respect to the Declaration of Condominium as to the condominium
in which his unit. is located and Exhibits attached thereto,~including but not
limited to (whether the same are attached to the Declaration of referred to '
therein), the By-la~•s of the Association Articles of Incorporation, the Rules and
Regulations, copy of projected operating budget, copy of sales brochure and floor
plan of apartment purchased by Purchaser, and all Amendments to the aforesaid De-
claration and Exhibits and the Articles of Incorporation, By-Laws and Declaration
of Covenants and Restrictions of the Froperty Owner's Association; and Purchaser
further acknowledges receipt of and reading and examination of said Declaration, its
Exhibits, and budget, sales brochure and floor plan, and acknowledges that each and
every prevision of the foregoing is essential to the successful operation and manage-
. meat of the Condominium property and is in the best interests and for the benefit of
all the owners therein. Purchaser and all owners of parcels in the aforede'scribed
Condominium covenant and agree to abide by each and every provision of said Declar-
. ation of Condominium and Exhibits attached thereto. Purchaser hereby ratifies and
confirms and approves all of the terms and provisions of said Declaration of Condo-
minium and Exhibits attached thereto, and agrees that the assessment-under the
Property ~+rer',a /~RRA(`iAtiAn documents referred to above and the provisions thereof
are reasonable, fair and equitable, and said Purchaser acknowledges and. confirms
that the Declaration of Covenants and Restrictions of the Property Owner's Association
has encumbered and impressed a lien upon the Condominium parcel being conveyed to
Purchaser,- as security for his obligations under the said Declaration of Covenants
and Restriciions of the Property Owners' Association and said Purchaser assumes .the
obligations as to the Property Owner's Association as to his condominium parcel.
Purchaser confirms that all warranties, representations and inducements, if any, are
as contained in the aforesaid Declaration of Condominium and Exhibits attached there-
to, and ttie common expenses and the sums due under the Property Owner`s Association
and other charges are estimated only. No warranty or guaranty is made or intended
nor may one be relied except where the same is specifically warranted or guaranteed
in said Declaration of Condominium and the Exhibits attached thereto.
~N W ESS WHEREOF, Purchaser has hereunto set his hand(s) and seal(s)
this day of ~y 197 g .
Signed, sealed and delivered
in the presence of: /
(1) G (SEAL)
n ~
(2) (SEAL)
" ~ MA RET ANNE RAAD
THIS INSTRUMENT PREPARED BY:
JOHN F. FLANIGAN, ESQ.
707 North Flagler Drive
West Palm Beach, Florida 33401
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