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25.3 Condemnation. In the event any portion of the
condominium property is made the. subject matter of a condemnation
proceeding, all Institutional Mortgagees shall be entitled to
timely written notice of such proceeding.
25.4 Rights of Institutional Mortgaqees. An
Institutional Mortgagee shall, upon request, be entitled to:
(a) Inspect the books and records of the Association;
(b) Receive an annual financial statement of the
Association within ninety (90) days following the end of the
fiscal year;
(c) Receive written notice of all meetings of the
Association, and be permitted to designate a representative
to attend all such meetings; but said representative shall
have no right to participate or vote at said meeting.
26. MISCELLANEOUS.
26.1 Developer's Ric~hts. Notwithstanding any other
provision in this Declaration, Developer is irrevocably empowered
to sell condominium units on any terms to any purchaser for as
long as it owns any unit in the Condominium. Developer shall
have the right to transact any business necessary to consummate
sales of said units, including, but not limited to, the right to
maintain model apartments, have signs, employees, and offices, use
the common elements and show units. Sales office signs and all
items pertaining to sales shall not be considered common elements
and shall remain the property of the Developer.
26.2 Limitation of Liabilit~.
(a) The liability of the owner of a unit for common
expenses shall be limited to the amounts for which it is
assessed from time to time in accordance with the Declaration
and exhibits;
(b) The owner of a unit may be personally liable for
acts or omissions of the Association in connection with the
use of the common elements but only to the extent of his
prorata share of his interest in the common elements and then
in no case in an amount greater than the value of his unit.
A unit owner shall be liable for injuries or damages
resulting from an occurrence in his own unit to the same
extent and degree that the awner of a house would be liable
for an occurrence within his house.
26.3 Remedies for Violation. Each unit owner shall
be governed by and conform with trie Declaration and exhibits
hereto. Failure to do so shall entitle the Association or any
unit owner to recover damages or obtain injunctive relief or both,
but such relief shall not be exclusive of other remedies provided
by law. Should the Association or any unit owner find it
necessary to bring court action to bring about compliance with
the law, this Declaration, or the exhibits hereto, upon a finding
by the court that the violation complained of is willful and
deliberate, the owner so violating shall reimburse the party
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FEE. KOBLEGARD 8c TEEL. P. A.
ATTONN[YS AT LAW ~~345 P~E ~s
POST OFFICE BOX 1000
FORT PIERCE. FLORIDA 33450
T~~[~NON[: ('J081461•3020