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HomeMy WebLinkAbout0145 wall(s), and each townhouse unit owner shall have the right to full use as herein set forth of said wall(s) as repaired or rebuilt. In the event it shall become necessary or desirable to perform maintenance upon the whole or any part of said party wall(s), such expense shall be shared equally by the owners of the adjoining townhouse units, or their successors in title. Whenever any such party wall or any part thereof shall be repaired or rebuilt, it shall be constructed in the same manner and in the same location where it shall initially have been constructed, and shall be of the same size and of the same or similar materials and of like quality; provided, however, that if such maintenance, repair or rebuilding is necessitated by the neglect or wilful-misconduct. of any one townhouse unit owner, any expense incidental thereto shall be borne solely by such unit owner. If any townhouse unit owner shall refuse to pay his share, the other townhouse unit owner(s) affected may have such wall maintained, repaired or rebuilt and shall be entitled to a lien upon the townhouse of the unit owner so failing to pay his share of the cost. If a townhouse unit owner shall give, or shall have given, a mortgage or mortgages upon his townhouse unit, then, and ~ in that event, the mortgagee shall have the full right at _ t its option to exercise the rights of his mortgagor as a unit j owner hereunder and, in addition, the right to add to the i outstanding balance of said mortgage any amounts paid by the mortgagee hereunder and-not reimbursed to said mortgagee by the townhouse unit owner. If a townhouse unit owner shall cease to use the wall declared a party wall hereby, he shall be deemed to have abandoned all his rights thereto, and the wall shall become the property of the adjacent townhouse unit owner who shall have an easement upon the land under the wall so long as the wall shall be used by him. Any townhouse unit owner removing his improvements from a party wall or making use of a party wall shall do so -in such manner as -3- t FEE. KOBLEGARD 81 TEEL. P. A. 4 ATTORNE1/s AT LAW QR POST OFFIC[ dOX 1000 eornc334 P~cE 145 FORT PIERCE. •LORIOA 39460 Tc~~PHONC:19051461-4020 - ~rku. arc ~