HomeMy WebLinkAbout2633 or mailing of such Agreement; and in the absence of agreement as
to price, it shall be determined by appraisers appointed by the
Chief Judge of the Circuit Court In And For St. Lucie County, on
the petition of the seller. The expenses of appraisal and customary
closing costs shall be paid by the purchaser.
C. Payment: The purchase price shall be paid in cash.
D. Closin The sale shall be closed on the Condominium
Property wit in sixty (60) days following the determination of
the sale price. Title shall be conveyed by special warranty
deed.
ARTICLE XVIII
OCEAN VILLAGE PROPERTY OWNERS' ASSOCIATION, INC.
A. Membership. Each Unit Owner shall automatically and
immediately upon acquisition of title to a Unit, become a member -
of Ocean Village Property Owners' Association, Inc., a Florida
corporation not for profit which shall be the Property Owner's
Association for the entire development built and to be built by
the Developer on the land subject to this Declaration o_f Condominium
and upon lands adjacent thereto.
B. Ownership and/or Maintenance of Property. Certain areas
including recreational areas (golf course, tennis facilities and
beach club facilities) some roads, some rights of way, some
easements, some parking areas, green belts or scenic areas and
maintenance facilities may be conveyed to, otherwise transferred
to, or maintained by-said Property Owners' Association pursuant
to the Articles of Incorporation and Bylaws thereof as the same
are recorded upon the Public Records of St. Lucie County, Florida
and as they may hereafter be amended. Said Articles of Incorpora-
tion and Bylaws are by reference made a part hereof as if they
had been recorded as an Exhibit to this Declaration of Condominium.
C. Social Memberships. The Property Owners' Association
may sell annual social memberships for the beach club, dining
room, golf and tennis facilities to non-Unit Owners under such
terms as it deems advisable. The Property Owners' Association
shall be responsible for the entire maintenance, upkeep and
.reconstruction of said facilities from the time of their construc-
tion. The assessments of the Property Owners' Association may be
made directly to its. members through the Condominium Association
to the Unit Owners and if so, assessments are declared to be
Common Expenses of the Condominium; however, said assessments
from the Property Owners' Association may be made in the form of.
~ a specified sum per Unit which sum may be equal for each Unit and
not apportioned according to the percentages specified in Exhibit
"A" attached hereto as it may, from time to time be amended; in
any event, said assessment shall likewise be treated as a Common
Expense of the Condominium. By its execution of this Declaration
of Condominium, the Association thereby agrees, if requested by
I the Property Owners' Association, to collect the assessments of
~ the Property Owners' Association as such Common Expenses and
remit them to the Property Owners' Association. It shall be
mandztory for the Unit Owner to make said payments, regardless of
whether or not said Unit Owner uses all or any of the said facil-
ities. Likewise, the Condominium Association may contract with
the Property Owners' Association so that the Property Owners'
Association will collect the Condominium Association's assessments
and remit said assessments to the Condominium Association; in
such event, the assessments of the Property Owners' Association
shall also be Common Expenses of the Condominium.
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