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HomeMy WebLinkAbout0941 • y the construction fund are to .be upon the order of tt~e Association or upon approval of an architect or otherwise, nor whether a disbursement is to be made from the construction fund, nor to determine the payee nor the amount to be paid. Instead, the Insurance Trustee may rely upon a certificate of the Association made by its President and Secretary as to any and all of such matters and stating the name of the payee and the amount to be paid. F. Equitable Relief. In the event. of major damage to or destruction of part of the Common Property, and in the event the property is not repaired, reconstructed or rebuilt within a _ reasonable period of time, any member shall have the right to • petition a court of equity, having jurisdiction in and for St. Lucie County, Florida, for equitable relief. - SECTION VII. GENCRAL PROVISIOi7S. A. Duration and Remedies for Violation. The covenants and restrictions of this Declaration shall run with and bind the Property and shall inure to the benefit of and be enforceable by the Developer,'the Association or the owner of any unit or parcel subject to this Declaration and their respective legal representa- j tives, heirs, successors and assigns, for an initial term of fifty E (SO) years from the date this Declaration is recorded. The covenants and restrictions shall automatically be extended for Y ~ successive periods vi ten (iu) years unless an instrument signed by the then owners of two-thirds (2/3) of the units or parcels as have then been subjected to this Declaration has been recorded, agreeing to change or terr.:inate the covenants and restrictions in whole or in part. Violation or breach of any condition, covenan t or restriction herein contained shall give the Developer and/or 4 the Association a right of action before any court of competent jurisdiction, whether in law or in equity, to compel compliance with the terms of the covenants or restrictions, and to prevent the violation or breach of any of them, and the expense of such _ 1, _ ~a~K 327 PaGE 940