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-_ t f �~'i.�.,.F �s � _ . . .. ..` _ -. ` ;�` ; ___.
<br /> — . _ . _ . .`" ' ' -, ' . � . _ i,.. '"_"—__
<br /> -'�'� . . ` '- � ' � . ` f � ; `�, t .., ( �c. —_�r � . �•..`c... _.
<br /> '[ ' _ � . ' � . ' . . . . . - � � . � . . - .
<br /> i. � � � . . ' � < • . • . `. .. ' ' `,` ' . � . . ` .
<br /> �� ` .. � , , ` • ' � • '` . ` . ., L � , , .. .. •' . '`��� �� ,-' , .
<br /> < a`m.�x,�.,s s..riersian of .•
<br /> �� ' E�eh suite wne��rd wc6 nnrtwM�af �iuite�str be pee�itt�d to e�in�� �b�:���t . ` .
<br /> � thte4Woei�Lian at a tMl��l�tii�. an busi�ess dry�s.but.not aare than are e�vl+'Y , . � .
<br /> Iust c�iwt. ' . .
<br /> :;�:.. ' • JIRTICtEJt: OEST�lICtIC�4� ONNf�Q.�9GI.ES�IIT , -
<br /> - - 6S90C1Aitdl AS A1T2�Y'ilt-f11L[� .
<br />- _ �i�n'1 ,�ileiocf�*+�••�tterr�r-iet-Fset... ..
<br /> _-_ . , T��y-tars. as s p�ct of ths Nntet Oe�d. fierebY��t°�'Y�irnvac+ble the appoi�ir� .
<br /> - the llsfocistian a� �ttornrY-in-fset to deal rfth tAe OcapMY ���+tevet{m. abtolese�nee.
<br /> - cartruetian, i�pcaw�w+t�nd�iMr�ne�. alt ac�ordi�to the praitions of this AKiCI*X. T1tle to arr/ ,
<br /> " eordo�fnfius wite i:dectand and�sly��j�f��thet O�aw�lopK or ifroa�awx*� as�r��� .
<br />-�� +�Y 0��of a dNd oe od� ir�stn�nt of oa�rwxe •
<br /> car�tituts aM+�pPoi�t tht Mssoei�t�hf��or dnt�euctian�abso�l inc�e�s it Mr�i�rfter P�'���- As .
<br /> _ .. at dM1iA Mitb the p'apeKY�P°� •
<br /> - atton�Y-in-ta¢t. tM At�oei�tian. bfr its PreafdMlt +rd tec�K+�'N'� �istant f�ertt�ry a' its otMr A+ly
<br /> - �utlqri=�d Offieers ot a�►ts. �Aalt haM!fult Md eaqlti�authorl totith� fM N�t4f�i'wit�orM►t�M1d��is �
<br /> d.awr�u,et. a.e or .er otMe:instn.�nc rleb r..o.e: fon at u�. ---
<br /> _- ��y, �ppeapriat�ta�eis�tM�'a�rant�d in tAfs Areiel�. Rp�t� �nd nea+steuct �-
<br />_ - ��U. M �. i� ty� �d{� s�ctions o! this A►titlt ��+s r�torin/ tM i�rawnu to
<br /> s�stantfstty tM wr eorditian in�teh d�sfr s�tist�d W ia to tMt t�R. with�.fi fuit�and tM 9ent��/�nd �'==
<br /> t
<br />_� . � li�it�d ea�on et�nts hwin s�stanti�llY tl�e awe v�Kiut and haeiia►t+t bo�+d�rits�s b�tote. � , ___-
<br /> . S�ctt e 0. •-w n...�..r;� __ R�wir rnd te� ien Nrrf�toev. !-�_
<br />••'` I��e event pf any dwge or dentruction due to ffre ae ot6er diaastsr,
<br /> �idt d�pe O�destrtttion j;;;�_-
<br /> is d�t�rsietid W the��'d of Ad�inistntorc,to tess than siMY"iM�th��.aada�iMwrauit 66rt�ny Re�i�ee �`:.��-'`:--
<br /> '��� .;�-�>• tat�l eplaee�ent eoss. noi ineludirg laid.'f �re�eanstrected by the Jlssociation at attor►�eY'imf�tt, ,
<br /> *�i�;;�E... �dr0e or destnutian sfistt be prarp Y �
<br /> sn�!tht Associatian sNsll have full authority to de�l with irKU�anc�p'ae�e in sueh rep�ir�nd reconatnction. �`Y�.,.•'r�::.._
<br /> zZ�3.�,;Y_�h'.�� -
<br /> . LYL.. �`.. � .
<br /> ����;'�,"}�` + ''¢ In the event that i�surxfce Prxeeda are inautficient to repsir and reconstruet the i�provaenis. t6a :'��{�'�, ,
<br />_. ,�.Y:�. :.�`;_�- ' � ' a6 ass�t to pravide an aNOU+t suffieient to coaduet ssid �'ep��.ari� '.;t�+':.,
<br /> �����1�r:.,:; ;;".:_� � itssoeiation cfislt levy s spe�i obeeds. Su�h assaa�ent shatt be lavied and wlteeted accord�to ,
<br /> ; cecartnietion �targ �ith irnta'anx P?' . -': ';
<br /> �`��:_�'�` . Seetion 5 of ArEicle V.. � .. . � � ' :_,�;•' .
<br />. ^"�' -,S�e•ion 3 Oa�e or Oestruction --Renair and Reca�ac��tion ootional. '
<br /> �'�. _ : . o� destr�rti0tt'is � .�. .� ,_
<br /> ;�;n •• ; " .. In the event of de�ye or destnietian due to fire or othe�disaster, rhict�ds�pe �•,�
<br /> _ . , dete�ined bY tQe tard�f Itd�inistrata�to be aisty-six and tro-thirds Percent t6b 2!3%)or�nre of the total �_. _..' ." -
<br /> � : � � repl�cwient eo9t of the bui ldinp eontainirg the caida�ini�s suites in any Re9i�e,not includin�land, the Baaed i -
<br /> ,'�''� ' . ' sMtl forthwith, rithin tbiriy t��)a�itg to the suite�ownets he alt�et9ve of repeir�and�eGanstn�tion f . �:7
<br /> - �e�er's�eetinp foo the purpos W'.. . ,�,., ;.
<br /> � - - ar sale, pursu�nt to Sections 4 or 5 of Artiele lf. At sucA�eetinp. the Board shall present esti�tes of rOpair r r . _
<br /> . _ .. . ax!�econstruetion costs, the a�oint of insurance Ps�aeeeds+vaitable, the proJated necessity for, and a�otmt � y,;;,:,;;.
<br /> if any,or apeefat assesa�ents necessarf�to eover any Geficicney in insurance praeeds, the projeeted sate prict : ,_.: <<
<br /> " ' .� of th�propertY as is, and projected distribution of alt f�nds. includin� insurence proeeeds. should the aR+ers �,: � . . • -
<br /> " , ��-� eAoose ssle rather thAt repsir and reconstruetion. ln a��iving at such fipu�es to ba presented to the owners.
<br /> _ . . .. ' . _ •j • �e�ro�y�p�oy$�b experts as deen�ed adviseble� After presentation of alt rclevant firenciat infor�tion '
<br /> � ava;l�bte to the Qoard, the ow�ers of the suites in the affected Reyi�e shalt be requi�ed to adapt ur►x+in�o��Y
<br /> • r
<br />, ` - . . . . . � f either a plan of �ep��r and reconstruetion or a plan of sale. lf such unnnimous apf`nsstisate birdirg apost all �- - . ..
<br /> is not obtsined, the eoard of Meinist�atora of the Assxiation maY e�P
<br /> .. • � _ .. ��� qnera. Any Pla^so adonted must s�bsequently be epproved in writing by the firat nartgagees of record ag of ,
<br /> • � `E tAe dste of adoption of the plan. '
<br /> i.
<br />..• , . '� : ;,;. ,'" . � seeti 4 �lan of Reeair and Reconstruetion ^ Dasaae of_Oesaevetion. � :,
<br /> � �1�'�'"`� ' 1n the event that a plan•of repair and recuest�uctian is adopted by the orne�s and subsequeetly approved ;
<br /> _ .' . .
<br />. . •� st i`j�. ' ' � '�'.:1�!.
<br /> `� . by tht first�ort9e9�es,as above set forth, the eosrd of Jt�inistrators shal! forthwitb proeeed to repait'and � � ",,..�.,` ;
<br /> • �,,,:�;_. � � . � � reeonstruet the i�proveeents as set fortA in Seetian 2 of Artiete x. ; • •
<br /> '' ' � S�ctionS Plan of Ssle -- Oa�we or aesuuetion._ : - .''.;
<br /> tn the event that a pian o4 sale is adq¢ted by the owners and sibsequently approved by thr first � . � _''
<br /> nq�tgyeea, as abo+re set forth, or in tfie event shat a ptan of repalr and reconstructim is adopted bY tAe
<br /> . "•;'µ. � qiners but is not approved by the required rp�et at first nqrtpa9ees of reco�d within sixty(60)daYs 4�rom tAe
<br /> ,�.,.. .�.,�:.., ,
<br /> t.;:.;,, , �� adoptien of the plan, then the 6oard af Aci�in9strators shall forthrith record a notice setting fortfi such faet
<br /> . ,�;,�j�,,.. , or faets, and upon the recordirg of sucb notice w1tA tAe Otfiee of the Reyister of Deeds o1 Hatt Cou►tY. _
<br /> ,•�:,�•�. ��,•�°' Mebrisks, by the 11�saiation's CresidMt and 5eeretary o� Asaistant Secretary, the lntirE Rl�iin;�P�'Mjs� •
<br /> ��'�"r.':l? thalt be offt��d fo� s�ls and sold bY the Assoeiatim pu�swnt to the provisia�s of this Artiete� es attorney- ,
<br />= ��'' ''" � '• in-faet for atl of the amers, feee and elea� of the provisions cantained +n ehe Master Ceed. the Artittes of
<br /> �'''u~'''• tneo�poeation and thae tylara. The i�suranee settle�ent p�aeed�shall be eotteeted by the Assxiation, M+d , . ..
<br /> ,��' web praNds shstl be divid�d by the Assaciation aceordirg to eaeb aoer's interest in ths oen�ral ea�on
<br /> � �twnts, ard sueh dividsa p'aeeds shsll 6e p�id into sep�rate aceants, eaeh such aceant rep'ese►►t1�D one �
<br /> �� "�`"'� ot ths ea�do�iniu�suites. Euh aueh accant ahall be in the nne of the Assaiation, end shdl be furthe� •
<br /> � --- �---� idmtif4�d by th� carlan9niue suite desi�tion and the n�e of the owner. Frae�eacF�seps�ate aceount, the
<br /> - Atsoeiatian,,as�ttorney�in•faet, shall forthwith use �rd disiwrse the totat a�+�tt ofQ he tien of any first •
<br /> �tithout eorttrlbution f�ae on�seeant to anothe�, taward tAe pr�ti�t or full pry�en .
<br /> �tg�y� aptnat th�.eada�iniu�wlte r�rsN+t�d by sueh s�pa�at� a�eant. lhereaftn, eaeh suefi aeeoane .: • ..
<br /> �hal�b�sc�ptrrnt�d by th�apportiand a�o�+�t of th�proee� abtained f�a�the s�le ot the�ntire propertY .
<br /> .� ard any aval_labte fuds of the Association. SueA epportior�ent shsl! 6e besed upon eaeh eaido�iniu�eulte �•
<br /> -- - qnte's interest in the�eneral casion eteeknts. 7h�tlhe Associat ona scattorney-in-faet eas etjfotlhein .•
<br /> �ithaut eont�ibutian fras ane aceant to anoth��, . • �
<br /> . Satian S of A�t1cle%. ' . ' •. .
<br /> � . S�etian 6. Cord�eMtion , � ,
<br /> : In tM ew�t of a takin4 blr eandrrwt;a^o+'�irwnt darin of all or p��t of tM ea�on�rei.t�e�wrd ' , , ,
<br /> ,,. . .
<br /> _...�.� .g
<br /> � '. - ��ll bt p�td to tM/ard ot Ild�infst�ators. lf arneei of th�wit�s in tAe tordo�ihirs Peapee 4 �t� •
<br /> ; _ . _.: ____.__�.�� rftfiitrsixty<6 0 3 d s Y e-tsa�!k e Q e t e nt tf�e t�rd�uwii�oualY iPW'�tht tw o!tlfr praesada
<br /> � �wrd for uw in��priMnO. �xP�j�O or r�storin�tM ea�on�in tha sr �orde�as�iisrprovid�d '�n Saatlan a — , _
<br /> dl�e�th�nK p'ae�ds of tM 1�wtd toe Me sa�pu�poN ' . - . .
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<br /> . F.XHIBIT �•A�• " 8 of �0 � ' , �
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