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<br /> -u _ grovidatl. 11s attornsy-3a--la�t, th� l►ssociatiaa�, b�t.ita
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<br /> Pse�idsnt� aaa s�cretas3T or 1Wistant 8scx�tarY or its othar.dnly . .
<br /> �.: -.autt�ori:ed of�icera vr aqeuts, �ha�l. 1�ave full at►d=�l�tte __-- -
<br /> - �� autboriaation� rfght and pa�r to�aa�lt�. �x�cuts at� d�Iiv�t. auy —
<br /> ': „�-� co�ntract, dead or aay otDer`:ii�ts�ent vith raspeat�to t.�r intassat
<br /> - � of a.enite o�mer vhicb ia nscesaary sad_a�#a�t.�► to_auercise_th�. .. 4� --
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<br /> -_ _ �� � Potier� 9rante�.3n tbis 1�s�tiola. ioapair _a�1 _ on o� t� ��, _. _
<br /> , =A ' .. �ps�ovesents f as used in tDs �tKSt�ssd3.nq SoctioAS Q! t�i! 11stiCl� ;�• 7 --
<br /> . .`�-�'�°'�'�`�:'�' �san� restoring tLe isprova�ents to st�Lstaiitially tt� saas a�,�.
<br /> _�:,:_ . ��.,,. ';. : , _
<br /> . �#�-��-��: �oe�df.tion in it2tiah thsy e�cisted prfor to .t� dt�saqo. vitb oach _. ::.;,-. . ;�.�; "�_,�_
<br /> '��'°�' -�--��' saf,te and ths c�eneral �snd Iinited c�aron e1�aeAts 3tavi.nq
<br /> :�- '�.r ti, , :.,,�.�±�:
<br /> ° �-:�"' �,ubstantfally ths sase vsrtical � lwrf:ontal baun�sri�s as `jj: ;�'"�°
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<br /> �- � �;s: ..,�,,f �Q�� . _ :..:iri � ..
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<br /> .� �,�� �`� b�'�� C . . ��
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<br /> 4;, �'��a :y�_�tl�A��.;� l.. .(:. .;' I11 ttlB @V@IIt.C�f �lp t��d�@ ol' �@S�OIi dlld �.ffl'�! _ —' `t '�
<br /> °�` � � .O�`,1ti�i9= d�688fi.err Yh�C�L� Or �BS��OA f S t��n@�..:$�� � ,
<br /> .:�:f��_— '�: . � • �*e � � �:.8�� hi be less tt�aa and T�a�rd�r: f" . .. ��r"" .
<br /> .}>.� i , ,<.. r,,;. o� �infstt�,r�`�,�,+v Sf�tt�-Sfx i,
<br /> "'�=-= `-- — :P�ent �.ss a�3�4��'��`�;�'totat replaae�eat s�tR not �siu�: � � �� ,
<br /> �a r� . - . _ :�.�, af •the b�'�� ��xt''i��.�r the c'pndo�infmt suite� �a`::aa� -- - ; —��
<br /> .�er
<br /> .:. .:��::� � -�` �idatioa sball.�-D� P�Y. x� � �;`; ::�`"'{�''E
<br /> s�: � . . �_ . .. .1�• �ls;�oaiatfi�trt`,as �y-�#�:-��a�:-�:�;a�d� � . ._ • =
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<br /> � � . R. �i�' , ` • � 'a"s•
<br /> �, �� ���cfation .sbai�`'��a1v�e �fuli aut�3�t�r�;'t���' �� ��. ,; -.;�,
<br /> c 1 • , . • .� � �r+��"�.!��►'t"ii � r �t i�t ::.�., ' ;f. << , � � - � �•
<br /> �t[`, �~. � � . -r � �� .�.
<br />. .� ��'� , ...._.. . .-..._,_...i .. _ T� - .a- �.1..� i: � . ��.��:3,,f,t,,.�� � ���f �fl��r.i.:,:j �c r'��'' .i , 1' _ 1 � rt _ { �Yif
<br /> . . . ifa � B�/Bn{. � Vil��:'�n�� ��j a=p.� 1'�ii{ad., l � - �." �� . ii -
<br /> � < <T � , t,r. � c � � - � � :�. . . `,.,
<br /> � ' � � . � . �air and reaonstrttct ��:�r�o;�� sa�c�.a��-�� � ; .,,�;�
<br /> - . ��:ispecial nssessae�t �;�.•�s�rl.sii�'�uc ��itia�:`st�ff��r�t`��>'+c�an�� ,' . . - l,,�.
<br /> � .sa;�r3 repair and. .,� '"�st,.��s�.�s`�aa+��aceeds. 8a�%' : . �`
<br /> . >�sste�R:�s�tsaz��;� �5��+��nd �ia3�eCt� a�i.ror+d�;�:o Section 5 03� ; . :��
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<br /> � • �ic3e.��t',� �, ,�; ��'-�,°>,_.; � . . , �' � . -
<br /> . ;..� . -
<br /> r� _ :°,�;�di ��� � `� __ `�,c�;��'�.;,���II�aqe or Destre��tion�Ite�,ir attx�,Reconatruation . _ : ,� _ '�-
<br /> � '��`'`.,''�;F;,�`;° ' ��onal. In ,t.he;+event ! q �ua to l3re or �s°f�; ��
<br /> �>;.j, �,� 0 8aaa e or destructic�;, ��..;
<br /> 3�'�.�`:;_�,:f•`,`�.4.,,, e�i�"n.er 8#.saster a�hich dasa e or destructiQn is i��er�ined by the � �f;�y �;-
<br /> :` 'f;::;; , ;..... ..:�__ - - - . ,;
<br /> . 1. , ,� Hoare of �idainistrators to be sixty-Six and R�wo-Thi7�ds Percent (66 �
<br /> � .�F.. : .. �,/3�) or aore of the total replace�ent cost of the building E ���"`
<br /> •, '.;::.:;;:,�. :. .: :�c�ntaining the condos3.nivs suites in any Regiae, not including � . �-
<br /> ' . . . ;'''�:���7�;`--3 �. ':�d, the Hoard ehall fos�lJawitb, withia 30 da�ys af the cccurren¢�e � �
<br /> }.. • . ._,,_, ,. -�i� said daaaqe or destruction, cali a apecfal ae�ber�s aeetinq for_� : _
<br /> , :; the purposa o! pregenting to tbe suite o�mers t�h� alternative �� .
<br /> ' ���, ���� repair and seconstructiaa vr sale, p�usuant to Sections :���.�r�,.,��:� „
<br /> - � - t �icie S. �t sucb seeti�aq, the Board shall pre�,� es��i�.� L?� . :_';.:� ..
<br /> . � ; sepair and reconstruatfon costs�;:.the a�ount ot i�isua�nc� �i��� �: ���`�`I .
<br /> - �� ' �vsilable, t�;�a�ectee necess�ty for, and atiir�izt i� . aa�Yi �•'c��',;�.. :;
<br /> '� � ` apeaia�:`�,�s�'�cnts necessasy t� cover any dePiaie�tcy ixt: ��t�.' . :.:
<br /> .� .' proce��. �e proieated sale price cE t�te gropesty �;=�ir�, �aa3 • ,;;�.
<br /> � �. � �s�iec�r� clistr�`�}tion of all f�, inclu8ing i�naurance p�cee�s�n- • • ;;,_,=.
<br /> . _ ..�ld tlte �rs ahoose �e rather thaa repa�r a�dt: . :,r,..
<br /> , • .,,:-'": � ;s�anstsuction:�: ,�n arrfving at si�eh t iqures to b�-`presented to �e:': �:
<br /> . _.-- . • a�aers,. the Boa�E$ aay ssploy sucb experts as deese8 advieablu�:�; � , .�;�z�
<br /> �. After presentation oP all relevant finariciai fntas9atfon availal�le ,�::.;;.
<br /> � . � to tlte Hoard, tffi��mwners oY the suiteg i� the affecte� Regiae sha3L� � � - � i ?`'
<br /> � ,� be required � a+3opt unaniaously either a pl� of repair a�;-.: , • . ;;.'::.;`: . .
<br /> � ,:"?'�� .. .rr�constracti,qr�s�as a plan o! eale. I� such una�cx�s affiraa���e-• •.: '�� ;;��';: ,. �
<br /> •�:�: `''' . , a�ate of �.d rs f s not obtaine8 tt�e Board of �oini:siE�atios� ��. .•.� '�• �r s�_.;`,,..:_.
<br /> � , ,
<br /> . _ ��he �������a may adopt a plan of sale bincling upon s�1I�;+����:-:�`. . . `� ;.
<br /> ,.: ,
<br /> : . .1�;;; �• :.,;: . . �!�rY pla�-r�..�,�a�t�s8 must eubsequentiy be apprave8 in �r���idg �y..�',�, � . ' . . ���,��
<br /> -� .3 � ��, �$s�st aort�a��� t�P reaord as c�f 'I�e date of adopt�ian oY tlYe plr���� •� '
<br /> ? }.,,at�;i , � t: • ,�,.. ..
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<br /> :t,;i�:�t. ,t:;,-;,�', . ,.:
<br /> �. sr t >i: � � � r -- ; , , .,. , ,r
<br /> , �;,: f;' !, ;�`�. � pestru �a�' =�x �he event that ae �rlan o� repair utd reconstructf�rt �` `' . �;;,�
<br /> . :'+�; ; �` is adop�'�i�.'� avners and staTase.qu�ean�Ey� apgs�red by the f i� . �,',;',�
<br /> ' , �:�,'�� a�rtga�ss_ ;am•:'a�ove set forth, t�e Hoard of l��r�istrators sha��� �t;=��� .,',.
<br /> �t ,.:;,:,.
<br /> . . .,�s���' . forthv��rr;..jg ' ,"��a r�pair and reconstruct'the i as se� �-�'::�
<br /> ,.;...;. .
<br /> -: - -. ,' . forth���:�$��i�- 2 of Artic2e S. -
<br /> '�r . , se�iofi 5. P1an of Sale-��asaqe e�Dest�uction._ In the event .
<br /> - that a plan of sale is adop�ed l�y the own�rs an� subsequently ,
<br /> - �';r"},;. . approve8 by tfle girst aortgagees, as abov� set farth, or in t.�te �
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<br />. . - 3�[. .. .__. . . . . . . _ ... .. -- _ .__ _- ._-___. __.
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