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84005507
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Last modified
3/4/2012 1:59:28 PM
Creation date
11/20/2008 10:04:45 PM
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DEEDS
Inst Number
84005507
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84- 005507 <br />7. Restrictions Upon Common Elements. <br />No Common Element, or part thereof, shall be !eased to the Owners <br />or to the Association, nor shall the Common Elements be subject to any other <br />restriction in favor of Declarant or any Affiliate of Declarant; except as <br />otherwise provided herein. Notwithstanding any provision herein to - the <br />contrary, the Class "A" Owners may permit short term rental use of the <br />community room to be located on the third floor. All rentals received shall be <br />applied to the cost of maintaining said community room with any remaining <br />revenues benefiting the Class "A" Owners. <br />8. Non - Partitionability of Common Elements. <br />The Common Elements shall be owned by all of the Owners and <br />based on their Allocated Interests described in Paragraph 13 and subject to <br />their status as Class "A" or Class "B" Members and shall remain undivided. <br />By the acceptance of a deed or other instrument of conveyance or assign <br />ment, each Owner specifically waives his right to institute and maintain a <br />partition action or any other action designed to cause a division of the Coin -, <br />mon Elements, and each Owner specifically agrees not to institute any action <br />therefor. Further, each Owner agrees that this Paragraph may be pleaded as: <br />a bar to the maintenance of such an action. A violation of this provision <br />shall entitle the Association to personally collect, jointly and severally, from <br />the parties violating the same, the actin, attorneys' fees, costs, and other . <br />damages the Association incurs in coma c..oti therewith. <br />9. Relocation of Boundaries Between Units. <br />The boundaries between adjoining Units may be relocated by an amend- <br />ment to this Declaration upon application to the Association by the Owner of <br />those Units affected. If the Owners of the adjoining Units have specified the <br />reallocation between their Units of their Allocated Interests, the said appli- <br />cation must state the proposed reallocations. Unless the Board determines, <br />within thirty (30) days, that the reallocations are unreasonable, the Associ- <br />ation shall prepare an Amendment that identifies the Unit involved, states the <br />reallocations, is executed by those Unit Owners, contains words of convey- <br />ance between them, and upon recordation, is indexed in the name of the <br />grantor and the grantee. The Association shall prepare and record plats or <br />plans necessary to show the altered boundaries between adjoining Units, and <br />their dimensions and identifying numbers. All costs and expenses incurred in <br />connection with said relocation of boundaries shall be fully reimbursed in an <br />equal share by each affected Unit Owner. Such share of the Unit Owner <br />shall be treated as an assessment to said Unit and payment therefore shall be <br />enforced and collected in the same manner as all other assessments provided <br />for herein. <br />10. Subdivision of Units. <br />A Unit of the Class "B" Property may be subdivided into two or more <br />Units. Upon the application of a Class "B" Unit Owner, the Association shall <br />prepare, execute, and record an amendment to this Declaration, including the <br />Plats and Plans, subdividing that Unit. The said amendment must be exe- <br />cuted by the Owner of the Unit to be subdivided, assign an identifying <br />number to each Unit so created, and reallocate the Allocated Interests for- <br />-9- <br />a <br />a <br />I <br />W <br />
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