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(A) Before submission, the Mortgagor shall
first submit to the Mortgagee and shall obtain the Mortgagee's
prior written approval to the following:
(i) a description of the portion of the
premises intended to be submitted to the provisions of the Con-
dominium Act, all in such detail as the Mortgagee shall reason-
ably require (each such portion, a "i.Ulluc~ttti,iiuSi" % ; :;aa°au,
(ii) a detailed description of the number,
size and location of all of the units (each a "Unit" and all or
more than one the "Units") to be submitted to the Condominium
Act, of all of the appliances, fixtures, furniture and furnish-
ings to be included with each such Unit, of all recreational
and other facilities available to each such Unit, and of all
of the common elements to be included in the Condominium.
(iii) the forms of declaration, by-laws,
floor plans and all other documents to be recorded, filed or
otherwise utilized in the creation of the Condominium;
(iv) a copy of the offering plan for
the Condominium together with all exhibits and other materials
to be submitted to the Department of Business Regulation,
Division of Florida Land Sales and Condominiums in connection
with the request for approval to offer for sale the Units.
(v) a copy of the proposed budget for
the first full year of operation of the Condominium prepared
in accordance with the requirements of the Condominium Act
and all regulations promulgated thereunder; and
(vi1 -such other or further documents,
data or information with respect to the creation of the Con-
dominium or the initial operation thereof as the Mortgagee may
reasonably request.
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(13) In nU CVCIlI, ~11n11 :.yu7::~
modify or supplement any of the documents specified in
Paragraph (A) above, either before or after the submission
of -the premises or any portion thereof to the provisions of
the Condominium Act, after they have been approved by the
Mortgagee unless the Mortgagor shall first have obtained
the written consent of the Mortgagee to such amendment,
modification or supplement.
(C) The Mortgagor will faithfully and dili-
gently make and carry out all reasonable efforts to properly
submit such portion of the premises to the provisions of the
Condominium Act, and will comply fully with all applicable
provisions of the Condominium Act, with all requirements of
the Department of Business Regulation, Division of Florida Land
Sales and Condominiums and with all other legal requirements
of all federal, state and local authorities, regulations and
orders of any state in which an offering of Units is made.
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319 ~a~E 205 ~ -
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