HomeMy WebLinkAbout1234Section 4, Subordination. No breach of any of the
conditions herein contained or re-entry by reason of such breach
shall defeat or render invalid the lien of any mortga~e made in
good faith and for value as to the property which is the subject
matter of this Declaration or any lot therein; provided.
t~at such condition shall be bindin~ on any Owner whose title
is acquired by foreclosure. trustee s sale or o~herwise.
Section 5. Duration. The covenants and restrictions
of this Declaration shan run with and bind the land and shall
inure to the benefit of and be enforceable by the Association
or any member thereof for a period of thirty (30) years from
the date hereof. Thereafter, they shall be sutomatically
extended for additional periods of ten (10) years unless
otherwise agreed to in writing by the then Owners of at least
three-fourths (3/4) of the Parcels.
Section 6. Annexation. Additional residential
property and Common Area may be annexed to the Property with
the consent of two-thirds (2/3) of each class of inembers.
Section 7. FHA/VA A~ roval. As long as there
is a Class B membership, the following actions will require
the prior approval of~the Federal Housing Administration
or the Veterans Administration: annexation of additional
properties, dedication of Common Area, and amendment of this
Declaration.
IN WITNESS WHEREOF, Declarant,
Inc., a Florida Corporation, caused this
Party Walls, Restrictions, Reserva ions,
Covenants to be executed this _~•day
Sign d, sealed
del ' ~ered in t
pre n
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Key Realty £x Pevelopment,
Declaration of
Easements nd Protective
of ~~ , 1980. _
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and KEY REALTY & DEVE OPM
g a orida Corpor t on
/
By: ,
~'. ian em ra, re
~ dC ( PORATE SEAL)
STATE OF FLORIDA
COUNTY OF
, INC.,
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I HEREBY CERTIFY that on this day before me an officer
duly authorized in the State and County aforesaid to take acknowledg-
ments, personally appeared JULIAN DEMORA, President of Key Realty &
Development, Inc., a Florida Corporation, and he acknowledged
executing the same in the presence of the above subscribing
witnesses freely and voluntarily for the purposes therein
expressed.
WITNESS my hand and official seal in the County and
State lasr aforesaid this ~ day of ~~ _ d 19gn.
.
THIS INSTRU:'IENT PREPARED BY :
Scott *1. Kenney
Attorney At Law
515 S. Indian River Dr.
Ft. Pierce, FL 33450
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