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<br /> .c.�4 z .. ). .t�. �� . �,- �ti - - � •.tit .Q� �`�;"�l yi * �:•? $ ..i L.' r'-
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<br /> ., ` , `. These 8y-taws, as a�paR of the N4ast�r Oe�d �nd Declarat�on, hereby made ��-•�-
<br /> -:.�;�;�:���;V;.V<: :
<br /> r"' � °���'�� mandlatory and irrevec�bte the eppaintmeret of the As�ociat#o� as atearngy-�t-fact to z'
<br /> .:�.,.
<br /> `;����,y'��' . deai wiih the ptoperty �nci desttuction� obsolescence�, repair, consuuction, � �`=-'=:_'
<br /> ���_"� ��� improv�man4.and main4en�t�ca� at!���Qtding 4o th�provisions of this Anicte- Titte
<br /> �: �.�.:,. ., ,,
<br /> ndominium unit.t� dectarer� anr� expressiy made subject to the terms and ��t=
<br /> ��as�} : to �ny co . �;...
<br /> G�nditio�s her�of,�and acce�tance�y any grentes of a deeB or.o3her instrument of _
<br /> °�� �'��`�. .`�� sonvayartce from the Dectarant or hqm any owner as grantor shait constitute and �"
<br /> � ��' appatnt the Asscctatior�his�e and�aav+ifut attorney in his name,place and stead for 4
<br /> `�, tt►e purpose of dealing with 4he��pmp�rty upon its dsmage or desV�ct�n or -
<br /> r . :,� at�.
<br /> � ` ��'�u°� °� obsolescence�s is hereinafter provideci. As a4tomey-Ite-fact.the Assoaiatinn, by its
<br /> �--
<br /> �''� -`f" pr�ident�nd Sscretary or iLS other duty 8uthoriz�d off�cers or agents, sha19 have fuil -=
<br /> ."�y.•.' '...". _ �':..
<br /> �� � and complete authordzation, �ight and powar.to make, execute and deliver �ny a`--
<br />:�:..;-:;:y.:r:-;.,:� .�, -
<br /> � �-r-:�;�� � � � con�ract,deed or any other instrumer9t with �especi to the interest of a unit owner `
<br /> : :s:.,,, ..,
<br /> ��rF;:.. ;�,�•+g�'ti� . ...,
<br /> ��-
<br />�_:�;�?; : , •� . which is necessary and apprcprlate to�cercise the p�wers gnnted in this Articte. _ -
<br /> ,r��f, , ' r ; Repair and reconstruction of the improvements, 8S US@tt I!i tlle Sf2CC$@t��RB SSC�IORS r;:,
<br /> f'fk't� � ��E`! . =
<br /> � <- a�thfs ArttcFe cnc-�ns restoring th�a in[lprovemer�ts to substantiaily the sa�ine.c,�aniltticr7� ,,.
<br /> ;r.,•r�.L.,• . n
<br />`<i; . ";. f.����:;.:. in whi�h t���rs�stad prior.to the�Cn�ge, with each unIY a�d the gen�e�l;a�d Iltnited
<br /> �;:;�`.�•�,;.�;. .,..
<br /> - �`�� -"� ' co�c�t�a�elennents ha�tng�as6stantielty ths.same vertica!and ha�f�ontal bacec�dar�es �--
<br /> 4�` �l ��s a�ILbQ���• - • .., ' . .�-_
<br /> 11f�1��i� ,J�i+.� ' � � - ti., . �, , �`.. •. ii � . . _
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<br /> �'4��1�f{f�%!�f,�� � �' _ . ' � `
<br /> s ,,,;<< �� . ����.::�4ny �aottion of tf�e candomin�um for�svhich insurance is required under th�s
<br /> ='��s�`:�":"x� � ' Section'whfah'is damaged and desuoyad shait bg repaired o,r reptaced prompt{y by
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<br /> �.r: —';� .
<br />=�:� ,jl.`..,r: . � 4i1e AssoCtativi�:..tmless: �
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<br /> .s , ,i t�,�' .:•r• . .:.' , �;::��,::_'. ' .. . _
<br /> �rt�t' , .,, . �.�.'
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<br /> ., �¢`�.'�s `-�'r.;>�;� "''.�s;.;�11 't'�i�r condomin3um is terminated; � � •
<br /> ��ij'Y,': ��.�:,,�� r.'t_.,; , l_ ''�..., �. . �f i . . . . ' . � . . . . .
<br /> - A :%'t:�. r � �, ' 1 f 1 - ;ir. • � . � . .
<br /> ' r 1'�.Y" �c{' r il ,t� ! �t t'.�
<br /> �,„_!}fi���1,�tj 4 � � r, , <� .,�) ��alr o� �epfaceean,e�eE.wautd be iUegal under any siate or local
<br /> �� ��'� �'� �- � H�$!�i► n��f��r MwheOm�s/AII��/�Af1I!A� A� + _
<br /> � z . .v ` .. - _ . .
<br /> � �� t� t��t* . `. , ..��-, . + -� � . ��- . ��: 1 J�i .:;'v, . : .
<br /> ` •� �,fG , �:�:�:��3) �BhtY pe. ,t��180%I o�th�e�t���.�Owners. inciur�ti�ge r��ry owraer
<br /> ,.,, t
<br /> � of a unit or assigned Iimited.ct�m;�rtan element whic�t�wil! nmt be
<br /> -=---;-- - .- " . s��uilt. •_•ois nQi to re�uild.. � � _ .. `
<br /> � � • ;�'�t 'ihe cost of repatr or replacement in excess of insurance proceed�and reserves is a
<br /> -..�:��.� :`: �.. . � -
<br /> : � .'�;� � � . common expense. . • . . � . ,-
<br /> �.�,n. ��:''. . � :,;:,.;:.. � � ;;=• . . .
<br /> �� {f th�.e�aiit�ana.car�dominium t�irn"tc:�spaited�or replaced, �;:};�:��� . . .
<br /> . . %-Fr . , :<<:. . .
<br /> � ;�� •' �,f'�i'�,' . � .�� ,, ., : <•�i��-..
<br /> r� � � ,��' �i1 � � `'�9ae�insurance proceeds at�r�f�r;�.�!bte to the damaged commo� , "��:�`�`.�� � �
<br /> -� . :;:.;.
<br /> ---�.°:�,--. ' . . • .'�f;���►e��s mus�be usad��r�t�ra�e d�rr��d ac�a�t�a con�i�ia��.
<br /> . . � � ; '�����tiQ�le•with the remaind�r of the�a�inium; ,. � �+` ;;;� _
<br /> ' . . i�� �. r ', '
<br /> 4 - '��' ' ' .• , ;.� ' _ '�..,.,i � � .' ' - -_�� ' '., �l`.l�t' .',)�•;� ' _
<br /> `'; � ��`�2} The(ns�erafici�:proceerls attribu�a}�te to units and It�ii�a�t� �omefi�q�, ���''•'`l�i�:�� _
<br /> � ;Y��' � ' �� . 1 ��.• ..Ir. _
<br /> " � . . � etements wW�h are ncg�ebuilt rriust be d st ` � `�'�!`
<br /> i ribut�d��`!.�.�.o�on;¢��5. �.,�f::'
<br /> of those units artd�tti�wwners of the�unit�to which ��e I�i�`; � � _
<br /> � �,� common �lennents, �tu�ze �itocaaed, or to lien�atdr�c�,..es t�t�t�i'• ::,,.. .:
<br /> i . , : ,;;. . .. . . .
<br /> � � ��a��• �interest5 may�appear;�and � ,, ,:� � ,.
<br />- � . � .'S; , � . .� .. . . _
<br /> . � � � (3) T1`tca,rernafnder of tha�'prqceeds must 6a�distci6uted to a9!4ha�ur,yt�
<br /> ,�.; �. . . , . a��ers or tienhotde�;;:r�their interests may s�paar, in prapoe�ia�i � . , -
<br /> . �. to the comnnon eleonant interests of all the units. ;
<br /> � � ��_ � If tha unit owners vote not to rebulld any unit, that unit's allocated interests are
<br /> - � � � automat�aalty reailocated upon the vote as if the unit had been condemned under .
<br /> .' � • ��., Subsoction la) of Section.76-83i, and the Associatton promptly shali prepare. _
<br />-,_-.;;• �� �;:'.;-::�. execute and record an An�endment to the Declaration reflecting ti�e �eattacations.
<br /> � . . , . • 1S
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<br /> 3 _ __ �-:� _
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