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6.3 Lien Forecloeure. Liens for assessments mey be
forecloaed by au t roug t n the name of the Association in
like manner as a foreclosure of a mortgage on real property.
The Aasociation shall have the power to bid in the condoeninium
parcel at foreclosure sale, and to acquire and hold, leese,
mortgage and convey the saane. Suit to recover a money ~udgment
for unpaid aesessmente may be maintained Without waiving the
lien securing the same.
6.4 Nonliabilit Prior to Foreclosure and Common
E~ ense of Lien. en a rst mortgagee o ta ns a t t e to the
con om n um parcel as a result of a foreclosure brought on such
mortgage, or by deed in lieu of forecloaure thereof, such
acquirer of title, his successors and aseigns, shall not be
liable for the share of common expensee or assessments
pertaining to auch condominium parcel and chargeable to the
former unit owner of such parcel which became due prior to
acquisition of title as a result of the foreclosure, or by deed
in lieu of foreclosure. Such unpaid share of common expenses
or essesments shall be deemed to be eommon expenses collectible
from all of the unit owners, including such acquirer, his
succeasors or assigns.
6.5 Interest•.A lication of Pa ments. Assessments
and installments on such assessments aga net un t owners paid
on or before 10 days after the date when due shall not bear
interest, but all sums not paid on or before 10 days after the
date when due shall bear interest at the rate of 8~ per annum
from the date when first due until paid. All payments upon
account shall be first applied to'interest and then to the
assessment payment first due. ~
7. ASSOCIATION. The operation of the condominium shall
be by the Assoc at on, which shall fulfill its functions
pursuant to the following provisions:
7.1 Articles of Incor oration. A copy of~the
Articles of Incorporat on o 0 or a~ Groves Condominium
~ Association, Inc. is attached as Exhibit 'G".
' 7.2 The B-Laws. The By-Laws of the Association
~ shall be the By- aws o t e condominium, a copy of which is
~ attached as Exhibit ~"H". ~
~
~ 7.3 Li~itation u on Liabilit of Association.
~ Notwithstanding the duty o the Association to maintain the
condominium property, the Association shall not be liable to
unit owners for injury or damage, other than the cost of
maintenance and repair, caused by any latent condition of the
property to be maintained by the Association, or caused by the
elements or other owners or persons.
7.4 Restraint u on Assi nment of Shares in Assets.
~he share of a un t owner n t e n s an assets o t e
Association cannot be assigned, hypothecated or transferred in
any manner except as an appurtenance to his unit in the manner ~
herein provided. ~
7.5 A roval or Disa roval of Matters. Whenever
the decision o a un t owner s requ re upon any matter,
whether or not the subject of an Association meeting, such
decision shall be expressed by the same person who would cast
the vote of such owner if in an Association meeting, unleas the
joinder of record owners is specifically required by this
Declaration.
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B~~x388 PA~E 957
JORDEH. MELftOSE 6 SCHUEttE. PA,NINTH FLOOR, 1401 BRICKELL AVENUE. MIAM1, i~OR10A 33~31 • TEIEPHONE 13051 373-~5~1