HomeMy WebLinkAbout2804 1. The fourth paragraph in Article II, subparagraph
12 is hereby amended to read as follows:
The monthly charges shall become due and
payable at such time or times as the Association
may determine and shall become a lien on the
lot, dwelling unit or other Parcel of the Property
when a claim of lien therefor is recorded in the
Public Records of St. Lucie County, Florida.
Reasonable attorney's fees incurred by the Asso-
ciation incident to the collection of such assess-
ment or the enforcement of such lien, together
with sums advanced and paid by the Association
in order to preserve and protect its lien, shall
be savable by the lot, unit or parcel owner, as
the~case may be, upon demand and shall be secured
by such a lien.
2. Article II, paragraph 12 is hereby amended by
adding the following additional paragraphs thereto:
Where the holder of an institutional mortgage
of record, or other purchaser of a lot, dwelling
unit or other Parcel of the Property, obtains
title to said lot, unit or Parcel as a result of
foreclosure or the institutional mortgagee of
record accepts a deed in lieu of foreclosure, such
acquirer of title, its successors and assigns,
shall not be liable for the share of assessments
by the Property Owners' Association pertaining to
such lot, unit or Parcel, or chargeable to the
former owner of such lot, unit or Parcel, which
became due prior to acquisition of title as a
~ result of the foreclosure, or the acceptance of
such deed in lieu of foreclosure unless the share
is secured by a claim of lien recorded prior to
the recording of said mortgage.
Any person who acquires an interest in a lot,
~ unit or Parcel of the Property (except through
~ foreclosure of an institutional mortgage of record
or deed in lieu thereof as specifically provided
in the paragraph immediately preceding) including,
without limitation, persons acquiring title by
operation of law, such as purchasers at judicial
sales shall not be entitled to occupancy of the
lot, unit or Parcel, until such time as all unpaid
Property Owners' Association assessments due and
owing by the former owner have been paid.
3. Article III, paragraph 5 is amended by changing
the third typewritten line in the first paragraph thereof to
read as follows:
...by recording in the Public Records of
St. Lucie County, Florida....
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