HomeMy WebLinkAbout1708 ARTICLE XXII
PROVISIONS RESPECTIVG CONSTRGCTION L:.tiOER
Vot•~r:thstandi::g a.^.vt'.:=.^.g to t:~e co::t=a=•: .:ontained i^
this Declara*_ior. o: Corconiz'_t:m, until the satisFactior. of
record of any mortgage placed upon the Cordom:niurt Prooerty
to finance the construction of the improvements o~ the
Condominium Prooerty, (hereinafter referrec tc as the "~!ort-
gage"), the following provisions sha 11 be a part of thi s
Declaration of Condominiu.~ ar.d shall supersece any inconsis-
tent provisions contained e?sewhere is this Declaratior. of
Condominium:
A. Whenever the consent of Develoaer is required
under this Declaration of Condominium, the written consent
of the holder of the Mortgage (hereinafter referred to as
"Mortgagee") shall also be required;
B. No amendment shall be made to this Declaration of _
Condominium which would alter the procedure nor recairing or
restoring the Commonly Insured Real Property. or alter the
rights of ~lortgagee, or, in the opinion of Mortgagee, in any
other way aLfect the security of Mortgagee, without uortcagee's
joinder and written consent to such amendment; and _
' C. If Mortgagee either assumes possession of any
portion of the Condominium Prooerty upon which said Mortgage
is a lien or acquires title to unsold Gnits upon foreclosure
of the Mortgage, by purchase of the unsold Urits at _°oreclosure
sale, or by deed is lieu of foreclosure, Kortgage~ and its
successors and assigns shall have and envoy all of the
rights and privileges granted to t:te Develoce= 5y t!:is
Declaration of Condominium.
ARTIC:.E XXIII
yOTICES
A. All notices and ot:•ter cosamcrica*_ions required cr
permitted to be given under ar in co::::ectior. with this
Declaration of Condomizi~:n s:~all be i.^. •~+rL t_ag and shall be
deemed given when delivered is persor. o_ or. t:~e secc^c
busi^ess ca,~ alts: t?~e day: or. which :~aiied, by certi=iec
mail, return recei?t re4uested, adcressed as follows:
To ar_y L'^i t Owne_ -
?.t his p=ace of :esice^ce c.^. tie rcrcc-_::::....
=ooertf, •c=ytc s:::h oc::e= adc=e.s =s.
Gwner s^a~1 ~es_grate :,v -or-==_•._c ,e _..c cc.:._~_...
~?ssoci_-~ ca a- -s Oeve:oce: acc;,z:.a^c2 N_..
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327 P~~~1707