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<br /> wF#r,t.ica:~ ~1. Salmi of Suite or Garage - Default in
<br /> UndQr Article X.
<br /> The Eissess"ment provided for herein shall be a debt of each
<br /> ow ,er ,and a lien on his condominium suite or garage and may be enforced
<br /> and rnllerr,r~c: as is provided in Section S cf Article V. In addition
<br /> thereto, t ,e Association, as attorney-in-Mast, shall have the abnolt!re
<br /> ric:ht an3 ? uc,,er to Fell the condominium, cui.te or garage of any own",-•r
<br /> 1e USir,c Or fai..l.i:ng to pay such deficiency assesr;ment within tiie :i:ne
<br /> ?ro- ided, a nd if not co paid, the Association shall cause to rye recorded
<br /> a notice that t.hc• condominium suite or garage of the delinquent owner
<br /> s1"all be sold' by tho A scciatlon, as attorney-in^-'fact, pursuant to hl e
<br /> provi~,ion:s of this Section. The delinquent owner shall be required to
<br /> :g ay to thF, Assoc-,. a t ion the costs and expenses for Lt .ling the notices,
<br /> intei. est at the "r is hest legal rate on the amount of the assessment and
<br /> all :r rte. ;C)i,uiC:lF attornQ 's fees. The proce'eas derived from the sale or
<br /> such cor(GC.Mi:'ii.ttl',": suite o garage sh all be used and dishursed by the
<br /> A sociatian, as attorney-in--fact, in the order set forth in Section I)
<br /> off Article x. Any deficiency of funds to pay the unpaid assessments
<br /> :nnll r' 4~1n the r~CrSOna-1 obligation of t,-:e d411nquent suite or aazar;e
<br /> owner.
<br /> Section 12. pnl.icat ion of Proceeds.
<br /> Proceeds received as set forth ir. the preceding Sections and
<br /> as applicable to each suite or garage shall be used anc.,, disbursed by
<br /> th,? ?,ssocint.ion as attorney-•in- fact, in the following order:
<br /> (a) For payment of taxes and .special assessments liens
<br /> in favor of any assessing entity and the customary
<br /> expen.^-.e of sale;
<br /> (b) For Payment of the balance of the lien of any first
<br /> r)ortgage;
<br /> (c:) For Paymient of unpaid assessments and all costs,
<br /> expenses and fees Incurred by the Association;
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<br /> (d) For payment of, junior, liens and encumbrances in the
<br /> order of and to the extent of their priority; and
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<br /> (e) The balance remaining, if any, sh=ill be paid to the
<br /> condominium suite or garage owner.
<br /> Suction 13. No Abatement of Assessments.
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<br /> Assessments tor common expenses shall not be abated during the
<br /> period of insurance adjustmc-nt and repair and reconstruction, remodel inq
<br /> or rF•c.:onstruct:ion, nor prior to sale of any suite or garage for delin-
<br /> quent unpaid assessments.
<br /> Sectior: 1.4. Fsn ,rovaals..
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<br /> As, used in this Article, twe percentage voting requirements of
<br /> iuite anri garage owners shall be based upon the percentage values set
<br /> 'Worth i r, Paragraph Vr of the AMast.er Dee_ Those percentages shall refer
<br /> to t(iteal. p,-rc(-*rr'tage and not merely to pprc~-ntages of owners in attend-
<br /> ance, Ti irerson or by proxy, at meetings where vote;., are conducted.
<br /> T, 1. X.r. TE;IiP•iINATTCI"I OR AMRAJ[7Mt:NT.
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<br /> Sec.tr.r_>n 1. 1'ermin~ation.
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<br /> E:xcer~t. as otherwise provided, yawners holding eighty percent
<br /> (80%) or more of the basic value of the Condominium Prop(.-rty Regime,
<br /> u„ing the .erc:en`ages set forth in Paragraph 6 of the Master Deed, shall
<br /> have the right: to terminate ".:his Condominium Property Regime, subject to
<br /> the conditions or Section 76 81.2 of the Condominium Act.
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