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Any perao�a who lraolds : E -. <br /> , h'��� <br /> . ��.._�___' `i'd,':� <br /> � an intezest in a unit mere].y as security far an oblfgation shall _. -T __ � Y�� _ � <br /> • • . . � . .;. ' '::;7,r•�-'-;---;-`-�. <br /> . � aot� be a imemloe�c- . . �-�`_3'-� :.�"'�'�`�:�_'°-. <br /> 2Q. j�ar+7araLnts! Contr�. , E92G3.21T8IIt8 8�2311 CQAtr01 t�le , '` �_�T:.�`�-''�`-° <br /> .f'r `�___ <br /> - -ss%'r"..,------ <br /> � association and �eay appciat and �move the offi��rs and membeXS � � ����__� <br /> j -M _ <br /> , � . . ' � ���-._��_._ <br /> o�.'the �cutive'Boalcd,of Directors until. the earlieY of: ---- __ - _ _ <br /> , . _ � � . . :�:��-�-= <br /> ' � ce of N�uet ' ��- <br /> .. , � �(a) `�'T�xtY E60) days a.f�ter conveyan Y '�e�`''--��.v <br /> `�.�� -- <br /> Fercent (50�)� of the units �rhich may be created te unit , jF — <br /> owAers ether thau �e declarants, or . . ��=���-:•"-�—� -- <br /> , � , ���:�. <br /> � �;�:�: -- - <br /> . . . <br /> . .(b) Trao �2) years .after declarants have ceased to ��-;. _ <br /> ____ _. _ _.___... __ ..-�f���t� -€£+r_:�le_in_the orcii.t�rY cour$e of busi- � ""`_- . -"!"_ <br /> � n�ss. • • . - — - -_ _ - - - - - - - - - .,,�,>. s', <br /> ' - . t�'-�=�i `•.: <br /> N'ct��•�.later .tYian sixty (601 days aft� cd��yance of Twenty- � ,��=-t. �,,t� <br /> . . . � <br /> . •":. '. t .. ` ..>..< F'P?: <br />- ' � �_�.�ive P�rcent� (25 0? _ of �: units which may be created to_ unit o�vn- . ; .� F„_ .,.. <br />_ .::�, `�" ers oth�r than the deci�anta, at least one (13 membe� �nd not , . X�`.�. ;,.,: <br />_-r.;�i:��'`� . .. ' � `;f`��,�. <br /> .��'•'�,.T 'j,''�` <br />= ' less that Twenty-Fave ��cent {25�) of the members of the Execu- , <br />- tive Board of �i�ixectors ehall be elected exclusively by unit own- ``-�" �. <br /> . . ���� �� <br />- � }�..,,._.,��- <br />- ers osch�x tb�;r�. the declarante. Not later than sixty (60) days ��,;{..:' . :.�-� <br /> :_. .' � . . - ' . J��.. <br /> ' after .�nveyaace. of Fi�� Percent (50�) of the units which may be ' � "�, ,:;,';, ,�-•��'�- <br />_ -. � . . . - .. . sc�t5 � y --- <br /> � ;:��+��eat�d, to un#:i:� owner� .ather than the declarant�, not lesa th�n- , ..� t,a <br /> � ��,S,l. <br />- � :,, . . • .r:�.:�:'�. °f,�.. <br /> . . r..,_c. y 1.'vf�. <br />° . . � �� Thirty�hree and One='�rd Percent (33 1/36) of the m�m�sc�ra of .. .�t ;�.�.,, � <br />- th� Executive eoard of Directore shall be elected excluaively by ��� �;�:;��� <br />:� " . '��'�'';": <br />: . unit �Sv»era other thaa the declarants.. � �. ., : _ . <br /> � $Zr�� later than tYs� termination of �he period of �he declar- ' • � • . <br /> _ . . � �� � � <br /> ' an�s' control, the unit owners sha�.l elect an �xecutive Board af • •�. . <br /> at lear� three t3) ���era, at leaet a majority of whoy shall be , � � ,.;�: <br /> � � � . � . <br /> �� <br /> 3 , . <br /> � . ..�. <br />-=� . , . 6 ' . � �--.-..--�-.--- - <br />,-� � _ , - , •. ... , . ���' ' <br /> . . .�:�.:.,,, '.._"`..�._' <br /> �,'-iti.�'QJi7y7.�..+.�+.z'}.�:. ..x�i —_ . ' _ _ � � _:. . ' . 1 ,_ . . i ���•, , . • .. . � . . • . <br /> -(, t ��iY`� � � . ° • . . � rf fa a v�-.'T�' + . , • , - � <br /> . y,i+�fti. . - .. . • .. .. �.• ' . _' .. ..� . - • . . ' o - . . . . <br /> [ �.':'4:i.t�',' � . .. • . . �. . _ . . <br /> � �' � . . . , .. . . _ � . i.. .� , �- . . • . _ . ' • . , . � ' _ . <br /> _ •;�'•`,+ .. • . - . , . ` � , _ � . . . .. •.. � .. ' . . . " �:. • ', - ' . ' . . . �� . 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