HomeMy WebLinkAbout0993 .
. . _ , : ,
_ _ ,
~ ~nit or enjoyment of the canm~n elaments until such time as all u~?paid ~
as~saments due ar~d awir~q b~r tl~ forn~er unit owners hav~ t5een paid.
H. ASSI(3~II~'[J~ OF I~I~I BY AS.90C7ATI~I. Zl~e Ass~ciation
actirg through i~s Board af Administration; shall have the xight bo
~
assign its claim ac~d lien rights fior the rec,uvery of any sums due ir.-
der this Declaration tn the Developer, or to any unit vwner or group . -
of unit vhmers, or to any third party._ ~
I. LIAtiILITY OF DEVF.IAPER. acoept as prwiaed tv t.~ am-
~ trary in garagraph F abr~ve arxl in this paragraph I,, no unit o~wner may
be exeusec~ frcm the payment of his proQortionate share af the vamon
expenses ~riless all ulits are likewise Fzvp~ortionately excused fran
such payment. ~ Pravidec~, however, that if DevelaQer holds inits~fior
sale in the ordinary easrse of business, rsone of- the ~ follc7wing actions
may be taken without ap~,xv~~al in writing by the Develo~er:
(1) Assessment of the Developer as a~nit awner for capital ~
~ im~ravements; ~
- (2) Any acti.on 5y the Association that would be detrimental _
to tt~ sales of ulits by .the Ueveloper; prwidecl, Y~ver,
~ that an increase in assessments for carturon expenses without ~
_ discrimination against the DevPlvper shall not be deemed to
be detrimentai to the sales of units. .
~ Provided, f~ather, that the Developer shall be excu.s~d fran -
the~ oblicja~ion to mak~e p~yment of the share of the a'~nuron exgenses a~~d
- assessnents attri.butable ba the insald u~?its, for a peri,od of time -
'~i _ ending the First day of the fourth calendar m4nth following the month
'i ~ ~ " ~ ~
in which the closir~g of the first pt~chase and sale by ~he Developer
of the first tnit in the (brxjaniniun ~ccvrs. "Ii~w~ever, the Develaper
- shall pay the portion of oo~~n expenses incurrer~ during- such period
- which exeeed the aim~unt assessed against other tnit awners.
Provide~, furth~r, that the DeveloQer shall not be liable
! - for ar~y porti.on of c~anm~n ~xpenses at~cibutable bo c~osts. ar~d ex~nses,
includir~g oour~ ~ts an3 attAr.ie~ys fees, it~curred by the Ass~ciation
~ in- any dispute betw~een the Ass~ciation ancl tl~e Developer or, for a
~riod of twu (2) years after reeording of this D~eclaration, ariy p~r- -
I -
- -3 4-
- - ~~~~385 Pd~E 993
IEWIS, VEGOSEN AND ROSENBACH, P.A., ATtORNEYS AT lAW
. - z