<br />f
<br />Section Il, Sale of Suite or Garage - Default in Special Assessment
<br />Und'cr Articie_.X. v ._ ~
<br />j The assessment pravi{?a~d for herein :ihall be a etst of each
<br />[ ~rner and a lien ryn hi; e:~ndnminium suite nr garage and may ba_ enforced' "
<br />and collected as is pravirled in Section 5 of Fkrticle V, In addition
<br />thereto, the A3saciatian, as attorney-in-fact;. stsall have the absolute
<br />right anti Dower to sF7l the condominium suite !or 'garage of-any owner
<br />r>=f:ising or failing to pay such deficiency assessment within the time `
<br />prouided,.and if nat so paid, the Association'ishall cause to be record~i' ~'
<br />a nat-ice that the condominium suite or garage of the delinquent owner- ~`
<br />shall be sold by the Association, as attorney-in-fact, pursuant to the
<br />provisions of this Section. The delinquent owner sha11 be rer3uired to '
<br />pay ko the Association the costs and expenses for filing the natives,
<br />interest at the high¢st 1ega1 rate on the amount of the assessment and
<br />all reasonable attorney's Fees, The proceeds derived from the sale of
<br />suetz condominium suite or Garage sha11 be used and disbursed by the
<br />Association, as attorney-in-fact, iri the ardor set forth in Section 12
<br />of Artivle X. Any defici>=ncy of funds to pay the unpaid assessments
<br />si;all remain tare personal obligation of tt:e delinquent suite or garage
<br />~[7~~P,
<br />~~'~i-on 1~,. A- tic:~tian of Pr.-trnc>ci:;.
<br />p~raceerls a-eca=ivrrrJ ar; see f<~rth in the preceding Sevtions and
<br />~~s appl'i.'iva~ka~~l:e tex exctr uruf t~rr ~r.~r gara~~~sle !>ha1~1 be used and ciisbwrsed by
<br />thra Assoi:Y::atian a= ~:f,tterrney-in-Fact, in the fc>l.lowinq order:
<br />Ea) Fee payrnE~nr. of taxes and special assessments liens
<br />in f.~vrrr of any assessinrx entity and the customary
<br />expr~n ,ri o` sale;
<br />(t}f Frrr pa,~~ent of the halance of the lien of any first
<br />rrorr~as;n~;
<br />4c± P<.r ~;y;nnSnE of ±;npair} as:vr?~na,;mcrnt.s and all posts.
<br />c'pxz,r~n:;e:,; ane3 CR*~:, inc-izrrE=rI r,'sy+ Y.fi're ,1sS~aciation;
<br />~. '~?; ~ - .,# _ ~. i.^t ,. .:. ~.n '~+t~, .:-ri ,loll; r,.9.n c-,[s iG~ `its
<br />-., *~{ n,i T T;; ~' ~ .', E:^~'. . Y~ t. t'ti?4 r' i)!" IC}3' S.fY: ,and
<br />i`c'e ~,x_. _:iv"4a-i:` _.~~,:x~r _ir_nc~. _ .gin';. .,..,,. .. 1. ..~ 1:)~31~ ..~ .
<br />.
<br />SeCtrc,^. ] ~. rvo Ri~at+>:ne+nt «t Ass;c~ssments.
<br />Ass«~~..;ment:; `r7r cnmr^.r,n expenses shall not he abated ciurirn the
<br />perit~d of insrrrance :~r3;u~;~nre~nt and rc,F~air and reccanstructian, r±'mad~linq
<br />or reconstruc:ticzn, nr~r pr ~r,: tf, r;aie ;~t ,any ar.rite or garage far del in-
<br />Sec°t tan 1-~. 11E;~fr"vl':.
<br />A u^ccl .n t° ~ ,',rt+: 1+~, khe pcrcr~ntage votzuq requiraments of
<br />r.uitr~ inns aar:r~lr _w:t+~r tYr.~13 hey !,a„cd rap~7n trio, ~±erc~antaye values :,r~r
<br />forth. .i-n !'azagrac~Pr ~?I .±1' tfa<~ s;ter tlr~ead. f'h,rse E.ercetntages ~>Irai; ref.ez
<br />t+3 t~tac perc•~nt,~a~e~,= rrn,i nc,t ;grew+l y t~ per_•Er~tacres of owners in att?nd-
<br />attce, in f5e°rs*_,n er by t5r: ,7r mrntinq:. wF.er~° votes .ire conducted.
<br />-if2'~'lf' 3i ~I?iij`.}j1Tlf1'~Y ~ti At"77°:N17~4 h.R4T.
<br />f*ecti:an 1, 'r~,rrriinttic~r~,
<br />Sxcc:pt :; nt.Fra rw,se provici<r7, owners holdir7g eighty percent
<br />(~t~~q Enr ~nr c• r~; rnec ic!a 3c ~;a1,iC ~x t}~r+ ^i>ril0_.9 inYUm ~rcaQa_r PV Reis i!nm_
<br />rrsittg the gr+rrenta<"pe~; r t. fe,rtsi irs ~ara~lrafrh 6 of tt1F+ Master Deed, ;,hall
<br />!tare the r ighr. t=, tc.,rrrih=~r.r~ r.)r:: r.1<~nc?omieri rrnr 'ropy-rty Fi+agime, suh j€~ct to
<br />ther c~rnditic>[szs oaf :ir=etie,n 76-R 1? nt thr? r.artclcarninium Act.
<br />i
<br />
|