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77007304
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Last modified
7/16/2017 7:09:47 AM
Creation date
9/15/2014 4:22:14 PM
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DEEDS
Inst Number
77007304
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r � <br /> 77�t107304 <br /> Section 4 . Association as_ Age_nt . The Association is here - <br /> � by irrevocaT� appointe agen�or each Owner and his mort - <br /> gagees to adjust all claims arising under insurance policies <br /> purchased by the Association on the improvements on the Prop- <br /> erties and to execute and deliver releases upon payment of <br /> claims without joinder by the Owner . All insurance proceeds <br /> shall be applied by the Association toward repairing the dam- <br /> aqe suffered ; provided that reconstruction or repair shall <br /> not be compulsory where the damage exceeds two- ttiirds ( 2 / 3 ) of <br /> the value of the buildings and improvements . In such case , <br /> should the Owner so elect not to rebuild , the proceeds , along <br /> with the insurance indemnity , if any , shall be credited to <br /> each Owner in accordance with his pro rata share of the loss <br /> sustained by the damage or casualty for which the proceeds <br /> shall be payable , and said sums shall be first applied toward <br /> satisfaction of any recorded first mortgage against each Lot , <br /> next toward satisfaction of junior recorded liens in order of <br /> their priority , next toward the cost of razing the improve- <br /> ments or any remnants thereof from said premises and the fill - <br /> ing and leveling of said Lot , and the remainder shall then be <br /> paid to such Owner . In case the insurance proceeds do not <br /> equal the cost of repairs , the excess cost shall be consider - <br /> ed a maintenance expense to be assessed and collected by the <br /> Association from the Owners of the damaged improvements . In <br /> cases of over- insurance , any excess proceeds of insurance re - <br /> ceived shall be credited to the Working Fund for the Associa- <br /> tion . <br /> Section 5 . Additional Insurance . Each Lot Owner may ob- <br /> tain a�dit�ional insurance at his expense . <br /> ARTICLE ZX <br /> ACCESS <br /> The Association , its employees and agents , shall have the <br /> right to qo on any Lot or into or upon any dwelling or any Lot <br /> in the Properties for the purposes of performing maintenance <br /> and repair , making inspections and insuring compliance by each <br /> O�rner with the duties of the Owner hereunder , and is hereby <br /> granted a specific easement for such purpose , but , except for <br /> emergencies or with the Owner ' s consent , no dwelling shall be <br /> entered except during daylight hours and following reasonable <br /> notice to the Owner or occupant thereef . <br /> ARTICLE X <br /> GENERAL PROVISIONS <br /> Section l . Enforcement . The Association , or any Owner , <br /> shall have t� rig t to en orce by any proceeding at law or <br /> in equity , all restrictions , conditions , covenants , reserv- <br /> ations , lien � and charqes now or hereafter imposed by the pro- <br /> visions of this Declaration . Failure by the Association or <br /> by any Owner to enforce any covenants or restrictions herein <br /> contained shall in no event be deemed a waiver of the right to <br /> do so thereafter . <br /> Section 2 . Severability . Invalidation of any one of these <br /> covenanta or restrictions by judgment or court order shall in <br /> no way affect any other provisions which shall remain in full <br /> force and effect . <br /> A <br /> Section 3 . Amen@ment . The covenants and restrictions of � � <br /> this Declarat�on s run with and bind the land for a term � " <br /> of thirty ( 30 ) years from the date this Declaration is re - ''`�� <br /> r . <br /> � cosded ai°tet which tin+e it shall be automatically extended for <br /> . � �;.!_".1.k <br /> e �.: . <br /> ... <br /> � ' <br /> - 9 - <br /> � <br />
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