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HomeMy WebLinkAbout1038 -i T-.. A. ASSESSMENT means a share of the funds required for the payment of Common 8xpenses which, from time to time, is assessed against a Unit Owner. 8. ASSOCIATION OR CONDOMINIUM ASSOCIATION means SEASCAPE CLUSTER, INCORPORATED, a Florida nonprofit corporation, the entity responsible far the operation of the Condominium. C. BOARD OF DIRECTORS means the Board of Directors of the Condominium Association. D. BY-LAWS means the By-Laws of the Condominium Association, a copy of which are attached as Exhibit No. "2" to this Declaration of Condominium and incorporated herein by reference, as the same may be from time to time amended. E: COMMON ELEMENTS means those portions of the Condominium,. Property not included in the Units. F. COMMON Ex~ENSES means the expenses for which the Unit Owners are liable to the Condominium Association. G. ~~COMMON SURgLUS means tie excess of all receipts of the Condominium Association, including, but not limited to, Assessments, rents,.profits and revenues on account of the Common Elements, over the amount of Common Expenses, including reasonable reserves. H. CONDOMINIUM ACT means and refers to the Condominium Act of the State of Florida (Chapter 718, Florida-Statutes), as amended; however, this reference to the Act "as amended" shall not cause or require the application of any portion of said Act hereafter enacted, hereafter effective•,-or not now applicable for constitutional reasons to this Condominium or~these Gondpminium Documents. . I. CONDOMINIUM DOCUMENTS means this Declaration of Condomin- ' ium and-the Exhibits hereto, as the same may be amended from time III to time. J. CONDOMINIUM PARCEL means a Condominium Unit, together with the undivided share in the Common Elements which is appurtenant to the Unit. R. CONDOMINIUM PROPERTY means the Land and all improvements thereon and-all easements and rights appurtenant thereto intended j for the use in connection with the Condominium. L. CONDOMINIUM UNIT or UNIT means a part of the Condominium Property which is subject to private ownership. Such Units and their boundaries are delineated herein and, as to Phase (A), in Exhibit No. "1" attached hereto. M. DECLARATION OF CONDOMINIUM means this instrument and the Exhibits hereto as amended from time to time. N. DECLARATION OF COVENANTS AND RESTRICTIONS means that certain "Ocean Village of Hutchinson Island Declaration of Cove- nants and Restrictions" recorded prior to the recording of this ~ Declaration of Condominium, in Official Record Book 241, pages 485 et seq., Public Records of St. Lucie County, Florida. 0. DEVELOPER means HUTCHINSON ISLAND LIMITED, INC., a Delaware corporation authorized to do business in the State of Florida, and its successors and assigns. In the event ~ that (a) the Construction Lender, its successor or assigns, ~ acquires title to the Property or any portion thereof by, ~ ~ ti r , -3- P~~ _ 3