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3.02 "Board of Directors" means the Board of Directors
of the Condomin wm ssociat on.
3.03 "B_ ~laws" means the Bylaws of the government of
the Condominium, as they exist from time to time.
3.04 "Common Elements" means those portions of the
Condominium PropeYty not nc u ed in the Units.
3.05 "Common Ex enses" means all expenses and
assessments proper y ncurred~by the Condoriinium Association
for the Condominium Property, including:
a. Expenses of Administration; -
b. Expenses of insurance, maintenance, oueration,
repair, replacement and betterment of the Com~on Elenents and
of the portions of Units to be maintained by the Association;
c. Expenditures or amounts of assessements by the
Association for payment of costs that are the responsibility
of a Unit Owner, including but not linited to costs of repair
of damage to a Unit in excess of insurance nroceeds, and the
costs of insurance upon a Unit;
d. Expenses declared Co~on Expenses by provisions
of this Declaration or the Bylaws;
e. Any valid charge against the Condominiun Property
as a whole.
3.06 "Cotmonon Sur~ l~us" means the excess of all
receipts of the on om n~ima Association, including, but not
limited to, Assessments, rents, profits and revenues on account
of the common elements~ over the amount of common expenses.
3.07 "Commonl Insured Real Provert " neans the
entirety of the ommon ements an a rea pronerty improvements
and building standard fixtures located within~ installed in, or
forming a part of a Unit.
3.08 "Condominium Act" means and refers to the Condo-
minitm Act of t e tate o F orida (Florida Statutes Chanter 718),
as amended from time to time.
3.09 "Condominium Association" means COFL'+~IODORE
CONDOMIrIIUMSASSOCIA , ., a F orida corporation not for
profit, which is the entity responsible for the operation of tlie
Condominium.
3.10 "Condominium Documents" means this Declaration of
Condominium and t e ex i ts ereto, as they may be amended from
ti~e to time.
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