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HomeMy WebLinkAbout1607s• Association to comply with the terms of this Declaration, the Articles of Incorporation and By-Laws of the Association, and the rules and regulations adopted pursuant to those documents, as they may be amended from time to time, the prevailing party will be entitled to recover the cos.ts of the Proceeding and such reasonable attorneys' fees as may be awarded by the Court. 15.3. No Waiver of Rights. The failure of the Association or of any apartment owner to enforce any covenant, restriction or other provision of the Condominium Act, this Declaration, the Articles of Incorporation and ey-Laws of the Association, and the rules and regulations adopted pursuant to those documents will not constitute a waiver of the right to do so thereafter. ~ 16. AMENDMENTS. Except as elsewhere provided otherwise, this Declaration may be only amended in the following manner: 16.1. Notice. Notice of the subject matter of a proposed amendment will be in luded in the notice of any meeting at which a proposed amendment is considered. 16.2. Adoption. A resolution for the adoption of ~ proposed Amendment may be proposed by either the Board of Directors of the Association or by the members of the Association. Directors and members not present in person or by proxy at the meeting considering the amendment may express their approval in writing, provided such approval is delivered to the Secretary at or prior to the meeting. Except as elsewhere provided,_such approvals must be either by: • ~ (a) Not less than ?5$ of the entire membership of- the Board of Directors and by not less than 75$ of the votes of the entire membership of the Association; or (b) Not less than 80$ of the votes of the entire membership of the Association; or (c) Until the first election of directors, only by all of the directors; provided_the amendment does not increase the number of apartments nor alter the bonndaries of the common elements. 16..3. Proviso. Provided, however, that no amendment will discriminate against any apartment owner nor against any apartment or class or group of apartments, unless the apartment owners so affected shall consent; and no amendment will change any apartment nor the share•in the common elements appurtenant to it, nor increase the owner's share of the common expenses, u~less the record owner of the apartment concerned and all record owners of mortgages on such apartment shall join in the execution of the amendment; and no amendment ~ill afFect or impair the validity or priority of any mortgage covering any apartment, unless said mortgagee shall join in the execution of the amendment. Neither shall any amendment make any change in the sections hereof entitled "Insurance", "Reconstruction or repair after casualty", or "Amendments", or in Paragraph 14.5. of the section entitled "Maintenance of Community Interests", unless the record owners of all mortgages upon the condominium shall join in the execution of the amendment. 17. FHLMC REQUIREMENTS. A. Notwithstanding any other provision in this De~laration of Condominium, the Condominium Association By-Laws or any other documents, the following provisions shall apply and may not be ~ amended or deleted without the prior written consent of the holder of each first mortgage of a condominium unit of record: (1) A first mortgagee at its request is entitled to written notification from the association of owners of, the condomin- ,s _ ~ ~ ~ ~ _ _~.~;,,_ _ _.,. r __ _ -19- BOOK348 PAGE16~ s _ _ ~ ~ .~ 14.,`: -~ ~