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committed to the Floating Use Plan upon (1) the execution of
a Floating Use Agreement between the Owner(s) of the
identified Unit Week and the Association with the formalities
of a deed and with (i) an acknowledgment of notice by the
managing entity administering the Floating Use Plan and (ii)
the consent of any mortgagee or subsequent holder or assignee
of a first mortgage of record, and (2) the recording of such
Floating IIse Agreement in the Public Records of St. Lucie
County, Florida.
(c) Once a Unit Week is committed to the
Floating Use Plan, such commitment of that Unit Week is
irrevocable and can only be terminated and converted to the
Figed Week Plan upon termination of the entire Floating Use
Plan pursuant to the provisions of Section 6(A)<7)
hereinbelow; provided, however, that the commitment of a Unit
Week to the Floating Use Plan shall automatically terminate
as to such Unit Week if and when the Developer shall ever
reacquire record title thereto.
7. Once the Floating Use Plan is implemented, the
entire. Floating Ose Plan can only be terminated upon the
termination of the Condominium or upon the affirmative vote
of the Owners of 6770 of all IInit Weeks committed to the
Floating Use Plan. In the event the Floating Use Plan is
terminated without terminating the Condominium, then a1Z
Owners of IInit Weeks previously committed to the Floating Use
Plan, shall be entitled thereaf ter to possess and use the
specific Unit Week in the specific Unit that was conveyed to
that IInit Week Owner in accordance with the Fixed Week Plan.
8. A Unit Week Owner who is delinquent in the
payment of any ad valorem property tax assessment or special
assessments, or any maintenance fee, charge or assessment
imposed on such Unit Week Owner, including but not limited to
vacation Owner Association Dues, shall not be allowed to
reserve a Floating IIse Period under the reservation program
of the Floating Use Plan, shall have his/her Floating Use
Period reservation cancelled, or shall be denied occupancy of
his/her Unit under the Fixed Weelc Plan, all pursuant to
Section 721.13(6), Florida Statutes.
B. PROVISIDNS APPLICABLE ONLY TO UNIT WEEKS ZN FIXED
WEEK PLAN:
1. An Owner of a Unit Weelc commitfied to the Fixed
Week Plan shall own fee title to a specific IInit Week in a
specific Unit. The Unit Week Owner is entitled to possess
and u~e, on an annual basis, the specific Unit for the
specific Unit Week purchased, subject to the use
restrictions, including but not limited to, the
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