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<br /> in t:ie evont of: eale of •khe enti.re Rc,qime puryuart to sectian S o# AxCicltz X� o� upaa AAQj7E�QA af euch ��'�"�+�''�'�
<br /> ;z plan �3DOSl te=rinntior.�£ thn Cond[aa:.niLZrn Prvperty Regimn p�-suant `.o SecF,ivn I af 71st1cle XI� wc athezvxrs� the r��'°'���y��;`��
<br /> 1`*g(:Cli:.�101 n'�a11 have al? tha prn:ern e�t �ozth la :.._.cie.: X in dcaliry� with a pnrchaaer or purcha■ern ae r� j".yr"�'��v,
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<br /> s::cr�ey-in-�act. . e�....�..�,'���d
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<br /> serti�n a. a��lication aP ?rccee�a. .. � .��
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<br /> � Prcceeds ze�e�.ced an eet fcryh in thr precedir.g SeCi�:is rnd aa up�licatele to each auite o;1a11 be u6ad tj`�!�
<br /> � ar.3 da.abs_eed 'ay the aeeociation ae attorney-ir.-fact� �n t2:e fallwing orderx y ?+y3��w�'���.
<br /> . �ki�{ �`a�.
<br /> � ' (a) Po^ pay-.ent �f taxee aad 6nec�a7, aeeene+.Mn:a� lie:a in favot of any snseeefaq ea:ity and the � - �.
<br /> �� ccata�ary nxpenae of exle; .
<br /> (�y ?o: ra1-n:er.t of the balance q: tha lien of any £iret aortgage; -�
<br /> � (c) noz gay!�ent of vnyaid aneeaemente aad a11 C05L9� ezpeneee and feee incur:.ad by the Anaociation7 °
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<br /> �.r ta? ,.._ -�.:,.a.y�xr.� o� ;aa?cr �icna aca er.'-.�:_a:._es �_ �te or.a.ar a� s� to��te exteat af iheir �
<br /> .. �»o�i•_Yi aae..` . ,
<br /> ' (e) .he '�al,anca reme.ir.ing� i`_ any, ahail y� paic to kre condminium euite ocrner.
<br /> �
<br /> Sectj,oc, 9, tic Ahntr,mPnt n,`. Aflaens.?rn'.e. ' . �� �
<br /> Aese�a�,ente for co^.,aon axpeneen eha11 r.ot be aba:ad during tha petiod oS ��nsgrant� adjuntaent and repair �� � �' �
<br /> an.a recoac�;-action� rec,odelir.g n� zecc^atc'uction� noz prlor cn nele af any eui:e 1or delinquent uapaid � �� �� � '
<br /> � P.59^!SE_:^'it0. ' . . .
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<br /> AA:ZCI.B 7.I. TERM;YTTIOY OR f�MEtiJMENT � �� �
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<br /> �xce�t sA ❑�h.rzwiea �rcvi^cc:, cwne-�.; G= dla OF 'F.e auites in any of the Coadoeinia �hall hnve the cight
<br /> ��� to tern�aa�te tnia Cor.dv.ainiusa Frcx orty Reqime, aubjetL to the coaditione cf Settion 76-912 of the Conda�i,nium 11ct,
<br /> � by iir.ar.i^�cua ucci,an. &owcver� �ofore ao actinq they musY. give aixty (50� daye piior vtltten consent to all ot �
<br /> � *_he than mc�eXs nf thc Anaociatian. �
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<br /> : reC:ion ?. 7amrnda.en� :,Y Memhcro. � � , .�..�� � �� ...
<br /> S'hero nna11 hr: no acendn.er.t to th±ae 9y-,•..ave ualees scventy-fiva pn_cent(75i) ot more of Che memberp pP '
<br /> Yne :::eh Iteeocistioa sha11 have voted t�erefoX ia t::e a:f'_znative �t a npecial.ar anaual �eeting; prmrided�
<br /> � farevez, :h.zt �zcer_taae vv^_ia� r.cui[e�er.ta r�nr._aic�*3 in trese Rp-Law ehal}, nat bp amepded py a leawc �� �
<br /> narcc,^.�age v�ze *_hr� �Y_n� aoug*t :a tc ave:"c3. r^�pr,evidr� :.._.::er thaL ecch a�eadaaat ppetl2 !iava tht appraval
<br /> �� c�m a�i^ �'r.an fif:y ��ezcea*- (5^vt)� =� r•_-..ber, oi t�e :zzat ✓art a eea oY recosC ia all vf th� Condaminia u � ��
<br /> 9 5 pon the r.��..
<br /> c'a'_e o= a�'cpt�er. ❑f aeld 7a�e:a:`er.:.
<br /> SP��o� 3. ssr.c�er.^,_6y 7r-velaper. � .
<br /> .!, �ythina epntqined in theae By-Lsws or in th� Madter Deed or ArtiGlea af Iaoocpocation to the cant�azy ��
<br /> � notw_thcta:l�.ing� �:ntil December 31� 199G, or until Deve:oper rcleaeee CCAtrC1 of fha�Aeeoeintion, vhlCheves flcat �
<br /> q
<br /> occurm, C�evqlonar rener�aa the =ight te aupplement or amend theee By-Lawa far clarificatian� �orrection or ' , " �
<br /> qth.ervine in thc baest z17t�repip q1 a1L euite ownern, ;.r.cluding Dev�loper; pxavidu•d theY any auen supplement ac � � .
<br /> amen�-��n* ahall 6a npp:avea 6y 7eqsP than fi°_ty percent (50�)� ir. nicl-�e� o! A�1 nxisting Siret martgsge holdexs �
<br /> � oi rocard, in �r.riting.
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<br /> �.���� '�he 3uard of A�inietrxtora o=tL�e raF.tgic�age�! sha11 kec�detailad recaz'dt of Y.he a�iana af tia BoRZd t ..r,9�'�h�:::..
<br /> ��} o° �.:.inisiracore a.r� the xanagin� ageat, a�inctea of the aeatingn of the Hoaxd of 71dm.taistrrtor�, and fwaattcial r -�' -
<br /> � ,ey,..,;..:
<br /> recorde and bpoka o£ nccount o£ tha Aeexiation, including c chroqqlogical li�ting oS recdi.pta and axpen3ikurp�. �
<br /> ��,'` �hone tccardn ehall also include a eaparAta accounC far e+ach eui.ta which ehaJ,l contail7 t!:s amount nf each
<br /> '���� nnncenscnt of co^vr.oa chnr9es a.geinet �uch euite� Yhn dato when due� th�x amounte paid thetevn� and thp bslante
<br /> .�.� rcaai:�i.ng unpaid. A writtan rnperC nummazizi�g all receipta and expendituree pf the Aeeocietian� Gextified by s
<br /> ...�� nn ir.3epe�r.danY accountan:� ehall hn rsndqxed by the 3oard of Adminiatratore tp ail euite owneFe and to all �
<br /> :�.;:.g mertgaqn.ee a£ auitee who hava roqueeYed tlie eane� pramptly after the end o; ea�8 �1eca1 year. 2he expenea af the �
<br /> � carCifled audit ehall be aid 6 thoeie ze
<br /> '�;j p y quecting it unlese a r�ajnriCy cf thc membe[a of th�Aeexistien vate �p
<br /> �.�:� £avar of a certifiod audit at a X�,gvlarly called medti.n3. �
<br /> �
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<br /> ARTXCLB XII:. MISC$Z,I,ANEOtiS
<br /> �
<br /> �:�� Sectian 1. NoL•icea. � " �
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<br /> ��� all r.oticea hnceundet ohn11 bo eent by rcgietered or certified na'_1 ta the aonrd af AdQinietratorp r!o ���,���
<br /> .�'d �' .`;i✓.A:�.
<br /> � thn Hnnnginn T,qont, or i.f theXn ie na Manaq�ng Asant� t,a the q£fice of t'�e 9arxd o� Ar]miniocrato7'e o.c to euch ; ,
<br /> othar uc!!�cere ao the IIuard of AciminiaCCatore mey F.o�onftet dneign�te frnm time to t�.me� 6y notice i,a writinq Co .. ��,..
<br /> i�11 nuita owner� -.nd to all na�ty�gooa of uuitee. Ali no!icen tn any nuite ownax ehall ba ■ent by xagieterpd oc � . �� �
<br /> enzt.iflcd renll to euch eddraee �p mny havo 6qen deeigneted by I�im frcm Eime to tima� in writl.nq [n Che Bppxd of � . �.
<br /> Adminiotrator.o. a11 t^vtlCnn ehal7.. Ge deaeued to have been gi.ven whan mxilyd axcept noti,eea of chnn2e qf addrnsp ' � ..
<br /> � which nhall bn daemed to havo �qnn qi.vnn whnn Xe^eived. • . � �
<br /> � ..._..r`_i�n 2 Zr�vnlid,ity• ' .
<br /> � . The invnliciity of any pazt of thenn fly-T,+iwe ehnl� not impair or a�fvat in nny manner the vAlidity� � � �
<br /> enf.or.crnhili.ty qr affect of thn halnnre of thene Ry-Lnwn. , �� �
<br /> � - .5`c_tian � C__°hri.or�n. � � � � ��
<br /> . The �nptions hermin are ineer.toa only ae a ma,:tar o: cor.venivnca and tor xetarencr, az��,�a no way defina�
<br /> �1,r�it ar dns.crieo thr ecooe of theoe IIy��6M4� ar the i.c:ent a_• eny p:rr�ision thareoi.
<br /> !lns'mmkir�n A. ,nhder. , . ..
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