f^p | .r^-o .ttelz.{*..par./ :: d.l- iwhe heas, rhe u nd e r s i s n e,j, rr e r e j- n a f r [bv...
TRANSCRIPT
. F J
|
'fhis instrurnent was filed for recoid
. I on this.__€__.dav ot.-ea-S,-_.._-1._coN Do M ri{ r rrr4 DEc r,ARA * rofftlff. t.n'. u* €--J*( n,"1,,,f r.
F^p | -1_.M, and <luly recorded in llrxfk
I .r^-o ."ttelz.{*..par./_::_d.l-
rHE LIF'r coNDot"lINIUqs ,@!a&., ,)d .r.)rHE LrF'r".coNDoMrNruls t4&!,t&^,t i{at:aaC(IMPLEX A I r.yt, , r Wntyd;i'/J
wHE hEAS, rhe u nd e r s i s n e,J, rr e r e j- n a f r [Bv ;{w4r4t^\fuyai;;7,ie the ?wner o:f the real froperty describeT-En-Rxtr i- tr i-F-I--
' --- ' -
a n n e x e d h e r e t o , a n d
W H E F F A S , D e c l a r a n t d { s i r e s t o e s * " a b I i s h a c o n d o m i n i u mn r n . i a n + r r n r t o r + h e N c w M e x i c o R u i l d i n c r
' - r 4 i - t O w n e r s h i l : A c t - a n dpro jec t under the New MexJ |co Bu j - ld ing ' - rn j - t Ownersh ip
Anendments there to , and
WHEREAS, the improverdent .s (condomin ium un i ts ) w i -L I beowned as prov ided here ina f te r ;
NOh THEREFORE, Decladant does herreby submit an<l der:Iare! l - - - ! - - - ^ . . - ^ l - - l L ^ l i i ' ^ ^ ^ F
tha t th€ Pro jec t " sha l l a t a l l t imes be own he.Ld i : r con-
domin iunL ownersh ip under $he wew Me:x ico Bu i ld ing Un l t ov /ner -ship Act, as amended from t ime to t j-me, , and that th' : : fol . Iowjnc,t e r m s , c t o n v e n a n r : . s , c o n d i t { o n s , e a s e m e n t s , r e s t r i c t i ' D n s , u s e s ,reserva t ; ions , l im i ta t ions and ob l iga t i .ons s t ra l ] be r leeme<l toI . e S g l ' v a t ; I O n S , l I m I t a E I O n S a I : t L l ( J o r r g d ! : r . 9 r l 5 b r L d t r r ' p s u s e r L t q r L L '
run w i t t i t t re la r rd , sha l l $e a burden ,eLnd a benef i t to Dec la r -an t , i t -s , succes : : ;o rs and aEs i .gns , and - tny person or en t i tY
acqu i r i r tg an i .n t -e res t in f .her rea l p roper ty E Ind improvements '
P!lJrr_Tl-949.l . :L "Assessments" a fe commor l e :Kpenses as der f ined in
A r t i c l e 6 h e r e o f .
1 . :2 "Assoc ia t ion" mi :ans The L i f t Condomin iunrs Un: i - t
Owners , \ssoc ia t :Lon, CornPIbx A, a New Mex ico non-prc r f i t
c o r p o r a L i o n , i t s s u c c e s s o f a n d a s s i g n s * '
1 . 3 " " B u i I d i n g "r e a l p r , c p e r t y .
the br r i ld ings cons t ruc t .ed on th 'e
- L . . + map 'berari ;og
t h e o f f i c e o fthe name ofthe County
1 .5 "Condomin ium Ud i t " means t .he un i t together w ich fhe
appurtenant undivided inlerest in and to the generi l l con:rmon
e lLments ass igned to the un i t by and under t1 . i s lDec la ra t - :Lonand as shown on Exhibit :J.
1 .6 "Count .y " means County o f Cc ' l fax r New Mex, : i co '
I . 7 " D e c L . a r a n t " m e { n s B a i } - e y - M e r r t z A n g e I F i r ' : V e n t u r e ,
a New l lex ico par tnersh iP t
T
I
First Mortgdeed of t rus wh
a I l agee and du n L t .
11 "O&rner"ner , assoc ia t ion
, owning a Un
'Elemente" means t l .oee parts of thei r i which are elther limited to and
'use of an owner of a condominium
reserved for the cornmon use of noreI of ttre condominium unit oitner6.
s any person or entitY who is aor a beneficiarY under a deed of
instrument encumbering a condominiums the Inortgagee or beneficiarY
Ie the firet and mosc senior oftrust oncumbering a condomlnium
the real property and alL improve-
meanE the real ProPerty located lnMexico, deecr ibed In Exhib i t L
lndividual ai 'r sPace whlch is con-r wa l I s , f l oo re , ce l l i nge , w indowsdepicted on the Condominium Floor
l r n i
o f
s" inc ludeg : ( I ) a l f sume lawf uI .LyOrrrnera by ttre AssocLation of Unit:
dminis t ra lLon, maLntenance, repai r orareas and fac i l i t ies i and (3) expen-
s e s .
t t means an Ot^rner who ln conjunctionundivided interest as a tenanl in
Cornnon FurnishJ-ngs, euch Ownershipit number followed bY a dash and a
conmonr e 6 e r vuni tthan
mortgt rustuni t "under
thereoual infac i l i
1ments
Itheannex
andPIan
a g g e sOwn
n
acqu1.a8 th
"LLmitedeas and facifor the excl ].
aare l i rnitedbut fewer
O "Mor tgagee"under a nor
s l -mi la r sec i r
14 "un i t "tained within the Pe
of, each untached hereto of Exhibit 2, together with all
f ix tur s and lmprov lherein contaJ-ned, but not including
any oIocat
the etructura I o f the bu l ld lng , i f any ,
wilhin the
rest in thee g .
12 "P ro jec t "the real per
I 3 " R e a l . P vty of, Colfaxhereto.
15 "conmon Exagalnst the
(2 ) expenses
Lm?
as
ve
+ r 1 +
r t of theses d common
. 1 6 " M u l t i p l ewith er Ownersc in and to a
designated: bYr f,ollowed bY
bej-ng
Agree t . " No Un lMult le Owners.
a Unl.L7 " Comnion, inc luding
APPI , decora t
shinge" means the peraonal- property i 'nrn i t i re , tableware, cooklng utensl le ,teme and bedding, at the time of the
i t ion of anreaf ter
-subs st in a 'Un1t by a lltu1tlp1e Owner ancl
or augmented from tine to time.
- 2 -
ARTICLE 2
DOMIN IUM UN, ITS
2, I D iv is log ; !3$ap ldomin ium l l rn i ts . fhe improvementsare d iv idea-Et f f i - condonr in i -um es ta tes
r igh ts spec i f : ied fo r tha t I -Jn i t on Exh ib i t l l . fhe numbe. r oJ :each u t r i t , i t , s Ioca t ion , approx imate area , c l i rner rs i .ons , nurn t>e t :o f roo lns and immedia te cQrrunon area t -o wh j -ch iL has access . r rc )se t fo : i th on Exh ib i t 2 a f tached here t -o .
2 . 2 P h v s . i c a 1 D A s c r i - p t i o n o f C o n d o m . t n i u m U n i . t , s . T h eth i r t y - f i ve ( 3 l i ) Un i t s a f e one , two i i l d t h ree s t . o r y and s l i aL l - Lbe dev r> ted t o r es i dey ' l t i a f pu rposes on l y . Cons t ruc t i o r r o f t : . h t :
2 . 3 L i r n i t e d C E.Lenents . , \ po:rt ion of t-he CiommonA r e a s a n a F a c i t i t i e s i s f e s e r v e d f o x t h e e x c l u s i v e u s e o f c h , : )
r e f e r r e d t o a s " L i m iELements so : reserved shaI I be ident " i . f ied on the ] l . l .oor F ' Ian a t - -tached here to as Exh ib i t 2 ; p rov ide i l , howerzer , 'L t ra r t any coJr t ] ,p a t i o , b a l c o n y o r d e F k w f r i c h i s a c c e r s s i b l e f r o m , a s s o c i . a t e r fw i th and wh ich ad io ihs ; r Un i t and ar ry o ther L im. i tc :d ConunonE I e m e n L s s h a I I w i i t r o u t f u r t h e r r e f e r : e n c e t h e r e t o , b e r : s e d i n
i t . , 4 L e g a r l D e s d r i p ! i o n o f a C o : n d o m i n j . u m U n i t .
and Dec la ra t , ion to i ie f { Ie rd fo r record .
- 3 -
nlum prp jebe f i l pd
Tenancy in
Ortnerand Defyingof theD e c l a r" Sub j
P l a n ,sha l ld e s c r
Owner :
i n s t ai f a nser t
i n c lc a s e
.2 A contrac lci t ten be fore the
ra t ion may dpsct number fol[-ow
. 3 A f te r recb rd ng thee r y c o n t r a c t ,
the eale of a UnLt to a Mult ip1ei l ing fo r record o f the F loor P Ianbe a Condomin ium Un iL by i t s iden t i -
by a dash and a numbe:r and t-hei niameU and with reference to the plat and
r record and fo l lowed by the wordsAgreement , "
ion tot o a
scr ibe thei o n :
Dec la ra t ion , and the F loc l rany o ther lega l ins t - rumentUn i t accord ing to the fo l low ing
( a ) I n t h e c a
Condomlnluni unF l o o r P I a n f l I
Eor-Tfr.eTfEr a a a r d a r i i r irecorctecl rn tsoo f Co l fax Couna n d D e c l a r a t l or e f e r e n c e , L o qundj.vided l . lntef a c i l i t i e s , w hres ident ia l ] Puother res l r l i c tthe Dec la rd t io
In the cas4 o f
, ; l
Condominiudl Unto the F loqr P
of an Owner other than a Mul t ip le
Descr lp t ion
t _ , accord ing to thed f o r r e c o r d i n
Condomi ni rrm DeETE?ffi6--dominium, Complex A,
, P a g e r . t r e c o r d sy,
-16 Mexir:ol-ff i lch Plan
are incorpr r ra ted here j .n byther w i th percentageest in the clommon area and
h Un i t sha l , l be used fo rposes on ly and sub jec t tove convenants se t fo r th in
a Mul t ip le Owr le r '3
Descr lp t io t
T
an-fTlffi' t accord ingfor recor :d in
and Condominlumt Condominium, Com-
in Book ____, Page ,_ax County , New Mex ico ,Dec la ra t . j .on are incorpor -re fe rence, t -ogether w i the und iv ided in te res t in the
fac i l i t ies , wh i .ch Un i t ,r r e s i d e n t i a l p u r p o s e s
to o ther res t r : i c t i ve cov-h in the Dec la ra t :Lon, e rub-
in Common Agreement.
a re spec i f i ca l l y appur tenant to
a r a t l o rA , r e r
r d s o fh P I a n
h e r e i r
_ P e r c lon are il b e u
and s lt s s e t
t o a '
S J , ] . I
, i t , s hident ire feCor d a s i
r t h e c)scr iber Ie Ownrd iv ide
added to thc dcscript j-on. InUn i t des ignat ion (and park ingdata o f the Dec la ra t i c ln sha l l
theeach
g p a c e ,be irr-
r o p r i a t e .
f an owner , such descr ip t , ion sha l len t i re Condomin ium Un lL , and in thesuch descr ip t ion sha l l inc lude anderes t in the en t i re Cor rdomin ium Un ib ,
- 4 -
d e s c r
i n c l u d
L imi t
z
New I'le
in theCommonE I I q I I
numberd i v i dappurt
croatheo f amonthalh a n ' F
sha l l
to he
sh i f t
no t be cons ide a s a n d F a c i le i n i n c l u d e ,
' l . . r r a r r n r i nv J v - - v - - - -
g the appur tePan undivided i-nterest in t ]-e Conunon
4 . 5 A C o n d o m i n i ucper ty tenancy re
fo r ingress anduse o f any
n d a l l o f t h e o t h e r r i g h L s , e a s e -a t i o n s , c o v e n a n t s a n d r e s L r i c t i o n s a si o n .
Unit may be held and owned in anYat ionsh ip recogn ized by the laws o f
5 I N S rab i i r o f a C o n d o m i n i u n t U n i t .
on ly a such an undi'f l id
6 N o n - P a r t i tF a c i l t - e s .
- ^ - r . iP e t L f
or do
Commo A r e a s
the appur tenant und iv ided in te res : tac i l i t i es a r rd any appurLenant L imi tedether compr :Lse one Condomin ium Un i t ,m a y b e c o n v e y e d , l e a s e d , d e v i s e d , o ro m i n i u m U n i t .
ed Condomin ium Un i t iden t i f ied by a, a le t te r and a number , and i t s un-
on Areas and Fac i l i t ies and anYElements sha l l " together compr ise an
er in a Condomin ium Un i t , sha l l bev e y e d , l e a s e d , d e v i s e d o r e n c u m b e r e di n e e r e s t .
l i r of Corrunon Areas an<la c i - I i t owned in
sement for such encroachmen'L and forme sha l l and does i ex is t . I f any par l
sha l l herea f te r encroach upon the Com-
, or upon another Unit, the Owner ofhave an easement fo r such encroach-nce o f the same. Such, encroachments
to be encumbrances e i ther on the Com-
, o r a Un ib . ' Encroachnents re fe r redre no t I im i ted to , encroachments
( b ) A d e s { g n afo l lowed bY a da
i n t e r e s t i n t h e- i"t" i""t
i" { i . 'nant L imi ted. Qot as a Mu l t iP leable and maY Pe
upon a Uni t ,n tenance o fi t encroacha s a n d F a c i li t shal l and
for the maredt i er r #
nd iv ided, and no r igh t o f ac t ion fo rthe Common Axeas and Fac i l i l i es shaL l
, 7 E a s e m e n t s ncroachments . I f any Par t o f thees encroaafres or shal l hereaf ter en-
r a m h i n
is iofr o
el ti v
c h a
o r d; - +
in the Condom n 1 1 1
n a a € + h o c er r Y v r
^ r r a ^ n n c t r
. 8 Sments an
any I i t i c a l s u b d ior o f any o th
r a t e leachsepafor! i ^ ^
i g ina l cons t ruc t ion o f : a . bu i ld ing , byF l o o r P l a n , b y s e t t t i n g , r i s i n g o r
by changes in pos i t ion caused bYof the pro jec t o : r any Par t thereo f "
t r i c t
i o n o f C o n d o m i n i u m U n i t s . A I I t a x e s ,
1 .1 be car r ied on t t re tax records as a
ed aga ins t an f l cand not on a bui d ing or the Pro jec t as a wt ro le , and
s e s s m e n t , . t h e v ashall be aPPo[t it ion Lo the ff iac
rce l . For the PurPose o :E va l r ra t ionation of the Common Areas and Faci l . i -
ned among the Condominium Units iniona l o r percentagJe und iv ided
(a ) Each i - fn i tConunon Areas qndElements sha l l . l to. i"::Y1'1:t: =1red on ly as a
r - "
- 5 -
i n ter e a lU n i t s .s h a l ls a l e oor otha f f e c t
S u b j e cand Mue n j o yr i g h t s
to theM u l t i pthe LiP I a n aO w n e r ,
3s ionsp l e t ec l u s iownedcommo
M u l t icond i{ : l c
p a n e lbut ns u r f af l o o rI i n e s ,
n f h o r
s h a l lw r i t tn i
a I t e rwith
m a t e r
malnc l u d is t a I It i e sr o n a i
no ac
F i ^ L + + ^r f Y t t L u v
M u I t i p I eA g r e e m e n t .
4 O w n e r ' s
te in the Comrilonoperty appurtenan
The l ien for taxe conf ined to tha
any Condomin{umr governmentdl ch
eas and Fac i l i t ies , inc lud ing theto and par t o f such Condomin ium
s assessed to any Condomin ium Un i tCondomin ium Un i . t " No fo r fe i . tu re o r
n i t f o r d e l l n q u e n t t a x e s , a s s e s s m e n t s
Owneruse andthe
a n e x c l u s i v e r i g h t t o u s e a n d e n j o yts des ignat< ld here in o r on the FLoore Condomini-um UniL or.Jned bv such
t, and each Or,vner shal l . h,ave t 'he ex.-en joy the same. ' Ihe r igh ts in a Un i . teha l l be se t fo r th in the Tenancy in
rges sha l l c i i ves t o r in any waythe t i t le t9 +ny her Condomin ium lJn i t
I T IGHTS EA
ARTICLE 3
EMENTS AND OBLIGAITIONS
I O w n e r ' s R i in Common Ar :eas and Fac i l i t ies .to the ot
t i p l e O w n e r s d a r
he Common Aro f u s e a n d e n
d F a c i l i t i e s : , c o n g i s t e n t w i t hn t . o f o ther Owners .
2 O w n e r ' s R i d h t s in L imi ted Conunon E lements . Sub le ic l :o ther o rov is idns a t J . o n , e a ner and
Owner sha l l havi ted Common E+eme
appurtenant to t
lO w n e r ' s R i in Un i t . Sub jec t to the o ther p rov : [ -
th is l a r A t , each Owner shal l havel ful l and coln-o n o f h i $ U n
use andOw{ le rs
Ma n c e R e s s tb i . L i t f o r : H i s U n i t .
ce purposes , an Owner , o ther than aob l iga ted to keep in good repa i r a .nding wa l ls w i th in h is Un i t . t .he mater -
t e d t o , p l a s t e r , g y p s u m d r y - v ; a l I ,t , wa l . l and f loor t i le a r rd f : Ioor ing ,
f loor ing , wh ich make up the f in isheda n d i n t e r i o r w a l l s , c e i l . i n g s a n d
nc lud ing Un i t doors and w indows. fheu i t s o r s y s t e m s ( h e r e i n r : e f e r r e d L oough h is Un i t wh ich ser .v€ ! one or noree a s a n d F a c i l i t i e s . S u c h u f l i l i t i e s
re loca ted by an owner w j . thout , theva l o f the Dec la ran t and the Board o fi o n . A n O w n e r ' s r i g h t t o r e p a , i r ,e r i o r o f h i s U n i t s h a l l b e c o u r p l e d
ep lace any f in ish ing or o t -her :imilar or ot-her types or kini ls- of
same qual. i- ty,
r than a Mul t ip le owner r iha l li r the in te r io r o f h is own lJn i . t , in -
reo f . A l l f i xdures and e<t ru ipment ln -commenc ing a . t a po in t . whe: re the u t i l i -I be main ta ined anr i kep t : in goodthe Owner thereof . An Owner shal l dto
wi l l impa i : r ' the s t ruc tu ra l Boundness
- 6 -
orted oa lwayUni t
Art icexpenuse i -Owner
r a t icon t r
repa].
requmaintheManag* i n ] o
Owner
I e s c er e p l ashaI Ir e p l athe* 1 r o
add i tExhib
M u I t i
suchamoun
non-eA r e a sb e nandunder
the iUniy ealsemLimf tedand san
expqnsee l l n i t
11 bie pwitlh rother
n i t s .
' I + i r l l a
r c # ^ h
o , 9 r sr a l y s
ny qorrnrer lanca r r o rectgrsn A N l r o
suc4 Unc f t h c
.he $venCormlon,e Bqardcauqe r,ng +nyI co l t cre J.rf sUr: ip l4 Ovr c a q a.ded horrr tent ionhis fanra i r or -,ner ano{ul t {p1e
' o r t t re bu i ld ing in wh ich i t i s loca-
n t o r hered i , tament . An Owner sha l_ lElements appurtenant to his
ta ry cond i t ion
for ma in tenancer repa i r , a l te ra t ion .as hereinabove set forth in thi.sid by the Owner of a Unit. i \ny such,spect to Linited Comrnon E.Lement-s whose
i ts sha l l t re pa id equa l ly by the
r sha l l make no improvements , deco-s Unit or to the Common Furnishings orb jec t the Un i t o r Corunon Furn ish ings
lmprovement .s , c lecora t ' lons o l :
on o f a Un ib . owr lec l by Mul t ip le Owners, repa i - r o r rep lacement , thLn suchep lacement e rha l1 , be accom,p l i shed byf the Assoc ia t ion or i t s des iqnated
st thereo:E shal l be borne bv the MUI-t in the same proport ions as thei rch Uni ts as set for th in Exh: ib. i . t 3 .
of any dameige, destruct ion, or obso-rn ishings or the need to repa:Lr or
o f D i r e c t o r f i , o r i t s d e s i g n a b e d a g e n t ,Common Fur:nishirrgs to be repaired or
surance proceeds toward the costsuch repai . r : or replacement exceeds
n c e p r o c e e d s , t h e A s s o c i a t i o n s h a I Ier his proport iona.te share of thenit common expense, as seb. frcrth inver , i f the damage or des t ruc t ion is1 or neg l igent ac t o r omiss ion o f anyI y , g u e s t s , i n v i t e e s o r l e s s e e s , t h eep lacemenL sha l l be borne so le .Ly byt h e A s s o c i a t i o n s h a l l a s s e s s s u c hOt tner .
t s . T h e3 . 5 A s s o c i - a tcl -us iVe f ight laand .Fac i l i t i e$ , Lessary or appfoprnct ions which i t
Assoc:La t ion shaL l have dmake such use of Conunon
Elements and Un i ts as i mayper fo : rmance o f the du t iesor permitted to pe:rform
easement t 'oflited Cornmonate for thes ob l iga ted
Ownerforh a l IandF a c i I
n e ri sa i rwhi
n a
horcowa
c e .
or Mu l t ip le O1Vcess beLween } t
c o r r L d o r s , s Eher easementst i e s . E a c h O l vlve easement , +ing those thapIe Owner , fo ris par t o f h ipn i t , i n c l u d i n flev is ion serv f -
t h i s Dec la ra t t on .
.6 Easement f ,o r ss , Suppor t and Ut i l . i t i es . Eachsha l l - have a non-exc lus ive easement
it and publj-c roads Arid streets, over, w a l k s , i f a n y , a n d e x t e r i o r a c c e s s
are part of the Conunon Areas andor Mult iple Owner shal l . have a non-
over Corunon Areas anal Faci l i t i -e.q,w i th in the Un i t o f another Owner , o r
zonta l and la te ra l suppor t o f the Un i tin ium Un i t fo r u t i l i t v serv ice to
, s e w e r , g d s . e l e c t r i c i t y , t e l e p h o n e
e x c li n c lM u l twhicthat
' . and
- 7 - .
l ocarhownerOwnera c c e s s+ i a c f
n e c e s 9thetherea c c e s 9necesEl
resu l trepr e s u l tcommonv i d e d !tor t lfami lythen sa n d l is h a l ltheyand reloca tn e g l ic a s e sbe theOwners
O\,/nerdominCommonprohiba n f i { . I
+ J a 6 r r a
Tena
t r us tium Unand r i
Eaeements L ts for Malntenance andEmerqenc
runon Areas and Fac i l i t iee may beay be conven ien t ly access i -b1 .e on l ' yia t ion and each Owner and Mul t ip lent, whlcl may be exerc:Lseid for any
the Assoc ia t ion as h ig agent , fo : rnd to a I I Common Areas and Fac i l i -ing such reasonab le hours as may bence, repa i r o r rep lacement o f any o f
I i t i e s l o c a t e d t h e r e i n o r a c c e s s i b l et , tha t such easement and r igh t o f
fo r mak ing emergency r r :pa i rs t .here ine to the Common Areas and Fac i , l i t i es
the in te r io r o r any par t o f a Un i t .nance, repa i r . emergency r fepa i r o r
Conunon Areas and Fac i l i t ies o r as ars w i th ln another Un i - t sha l l be athe Owners and Mu1t ip le Owner :s r p ro-uch damage is cauged by neg l igent , o r
er or Mul t ip le owner, members of h ise e g , i n v i t e e , l l c e n s e e o r t e n a n t ,
I t ip le Owner sha l l be re rspons j .b ledamaqe. A I I damaqed imnrovements
Lial ly to th,e eame condit. :Lon in whichd a m a g e . A I l m a i n t e n a n c e , r e p a i r s
n Areas and Fac i l i t j -es , whethero f Un l ts (unLess necess l i :a ted by the
t ious ace o f a Un i t Owner , in wh ichc h a r g e d t o s u c h U n i t o w n e r ) , s h a l l
a l l o f the Ov/ners and Mul t ip le
Part I Condominiun Uni t Prohib i ted. NoMul t ip a ' I I par l i t j .on or subd iv ide any Con-
m U n i t , t h e CElemein ts . Th
A r e a s a n d F a c i l i t i e s , o r t h e l , i m i t e di s i o n i s n o t i n t e n d e d , h o w e v e r , t o
t jo in t o r ownership by two or more persons orUn i tn no r t o p roh ib i t o r r es t r i c t .
l t ip le Owner:s in accordar tce wi th aof a Cor , . lomi ln iu
9 Easements cenant . The easementg andr ightsUni t a
here in c rea le lI be appurtenant to the Condominj.ums i g n m e n l , I e a s e , m o r t g a g e o r d e e d o fa n y t r a n s f e f , a
d other instf,ume
of the Uni t Syin Common Ag{ee
nd o ther ins t fumet sha l l be dedmedhts as are pr fv id
ts a f fec t ing the t i t le to a Condomin-to g ran t an<1 rese : lve th ,e easements i
fo r here in r €v€r thourgh no spec l - f l cre f e r to euch ea ts appeara in any lueh tnstrument,,
Uni t
andt h i sCommonand to
4i n t h esha l ICondombersh iownerautomaEacht l e d t+ h a
Cond
unt i Imin iumtsheD e c l a r
vriththa tc a s ethe te
s h a I Icentaga s s i g
r stedi t ua ra
rthum
or
r a
c IArfun i
ry
ARTICLE 4
E ASSOCIATION
G e n e r a l r , s and Powers . The L i f t Condomin iumComplex A, been formetl and
co corporat, ion not-for-priof:Lt to beat ion to wh ich re fe rence is rnade inorm func t ions and ho ld and manaqe thees as prov ided in th is Der : la ra t - ions ts o f Owner 's and Mul t ip le Owners o fp r o j e c t . I t . s h a l l h a v e a . L l p o w e r g
e f f e c t u a t e s u c h n u r p o s e s .
lL. There ghall be one memberships o c i a t i o n f d r ch Condomini,um Unit, which membershlp
ach Condom-i.nium Unit. fhe Owner c' f -a
t i ca l l y be the Owner o f the mem- ,a t Condomin i .um Un i , t , and t i t le to andip fo r tha t Condonr in ium Un i t sha l l
ch t rans fer o f a Condomin ium Un i t .um Un i t sha l l - au tomat ica l l y be en t , i - 'nd sub jec t to the burdens ie la t ing to
d o m i n i u m U n i t " I f t h e i n t e r e s t i n aby Mul t ip le Ownerer , the membersh ip ,
oir of its authority to an executiv'et ive manaser or d i . rector for the / \ ,s- i
tw i ths tand ing anyi g h t y - f i v e p e { c e nU n i t s i n t h i s p r obers o f the Bdardnt and need nft
addi t ion, sh0uIdy person or e$t i tr son , o r t he des iy b e , s h a l l b f a nm o f such conf rac
4 Votinq of Owne s. Each Owner and Mul l ip le Owne: :
appurt nant to that Cond in ium Un i t gha l l be shared by a l l ,in the same proport ionate inb,erest ,
and byCondom
ersh ip as the in te res ! in the
shaI II u t i o ncommits o c i a tannua l
3 Board o f D r s . T t r e a f f a l r s o f t h e A s s o c : i a t i o nof D i r€ lc to rs wh ich may by reso- .
Board o f D i rec to rs sha l l be e lec tedI t i p l e O w n e r s . T h e r e s h a l l b e ti rec to rs , a l - I o f whom sha l l be Owrrers
r M u n ium Un i ts e le ic ted by Owne: rs andMul t ip in i .um Uni ts "
ns o r en t i $ l essame type of
m Uni . t ie t ie td
sonhe, ium
r
+
e n t i t l e d t o c a sund iv ided in le reto h is un i t i
h ing to the con- t ra ry p rov ided here in ;( 8 5 t ) o f t h e t o t a l n u m b e r o f C o n i l o -
e c t h a v e b e e n s o l d b y . t h e D e c l a r a r r t ,of Directors shal- iL be a,ppointed blr
Owners o f Condom;Ln ium Un i ts .
the Assoclat ion iont.ract at any t: i -mgto manage the Condorn j .n lum Un i ts ,
na ted agen l o f the en t i . t y , as theex o f f i c io member o f the Board dur : ins
votes based on the appurtenant pt:r.-t in the common Areas and Fac i l i t :Les
ing by proxy sha l l be permi t ted .
de legate any por te e , o r t o a n g x e con. Members d f ty by Owners arid M
of the Board o fr u t r Er re l t (Jdr q
ip le owners o$e owners of C1
- 9 -
th isr i rwhichNotd a t e ,mat teAs soc 'no t lsha l 1
not id r a
d r e s sfurn i
d r e s sOwner
t ionda teo f o rY v e
d e t er * v
forma
thet i o n
Owner
t l -ed
+ a r
t e r .meet irequia E a nsubsf o l l ofo ro fr a t i o
a p l u
a n dwi thr a t ic l e si n g ate r .s ,en t wA s s o c
5 Not i -ces . ExcclaiEEf6il ealchto aC leas t f i - f tuch Orvner or MUI
o f meet lngs shaime and p lacN o fto be voted dn at ion at the t l imesha l l be deedede deemed fu r r l i shthereof i s de iposcs tage or cha l rge
form to be coqp leed to the Asdoc if u r n i s h e d , i f i tf the Condomj.]ni
o t i c e , o r i n f d r m aat te r and fo r any
d a t e s h a l l n d t bCe on which the pf Owners i s p4opo
f f n o r e c o r d d an wh ich the n{ t i csha l l be deemfd t
g t another melt. inement set fort lh i
such subsequtntuent meet ing thaling the p ieceding
pect to Own
pt as a g rea ter per iod is spec i f ied inrvner and Mul t ip le Ov/ner sha l l be en-g n ( f S ) d a y s ' n o t i c e o f a n y r n e e t i n g a tip le Owner has the r igh t Lo vo te .I be in wr i t ing and sha l l s taLe thethe meet ing and sha l l ind : lca te each
the meeting which is kno'rrn to then o t i c e o f t h e m e e t i n g i s g i v e n , A n yiven and any in fo rmat ion or maLer ia i
o r de l j -vered to a par ty a t the t imeted in the nra i l o r aC a te legraph o f -
p r e p a i d , a d d r e s s e d t o t h e p a r t y . A n yter ia l shaL. I be deemed p : roper ly ad-
u l t i p l e O w n e r i f i t i s a d d r e s s e d t o t ' -o n t h e A s s o c i a t i o n ' s r e g i s t e r e d a d -
ed by such Owner o r Mu l t lp le Ovrner andt ion or , i f the name and address i , sis addressed "To the Owner" a t the ad-
Un i t o f such Owner o r Mu. l t ip le
T h e B o a r d o f D i r e c t o r s o f t h e A s s o c i a -r to f i x i -n advance a da te as a recordd e t e r m i n i n g O w n e r s e n t i t l e d t o n o t i c et ing or to be fu rn ished w:L th any bud-
o r m a t e r i a l , o r i n o r d e r t o m a k e afor any purpose. The Owners or : Mu l t i -n y s u c h r e c o r d d a t e s h a l l b e d e e m e dc e , v o t . e , m e e t i n g , f u r n i s h i n g o f i n -
o ther purpose and fo r any supp lemen-ion or mater ia l w i th respec t to thead journment o f the same meie t ing . A
m o r e t h a n f i f t y ( 5 0 ) a a y s p : : i o r t or t i c u l a r a c t i o n r e q u i r i n g d e t e r m i n a -ed or expec ted to be taken or toe i s e s t a b l i s h e d f o r a m e e t i n g , t h e
o f s t r o h m o o i . i n c i q # i r o * a i r r a n + nr r r s E : L r r r Y , - . . - w B , O !
e r e c o r d d a t e f o r t h e h e e t i n q .
y - o n e p e r c e n t ( 5 I t ) o f t h e v o L e s e n t i -r p r e s e n t . , i n p e r s o n o r b y p r o x y , a t
m a t t e r , o r a c t u a l L y v o t i n g o n t h e m a t -orum fo r cons idera t ion o f t i ta t . mat -
o rum is no t fo r thcoming a t anymay be ca l l .ed , sub jec t to theS e c t i o n 4 . 5 , a n d t h e r e q u i r e d
not toequorum
may and shalf T n n n r n n r r + i
y reasonab le
e t ing , p rov ided chat no suchb e h e l d m o r e t h a n s i x t y ( 6 0 ) d a y s
m e e t i n g . I f a q u o r u m i s e s t a b l i s h e dt t e r , e x c e p t a s a g r e a t e r p e r c e n t , a g e
e r a s p e c i : F i . c p r o v i s i o n o f t h i s D e c l a -voLes ca^6t ore t&€ natte:r or, in ttre
ch there are more than two can< l ida tes ,t , s h a l l d e c i d e t h e m a t t e r .
corpora t io4 an4 By-Laws. The purFosesat j -on and Lhe r j .ght .s and obl ig i l . t ions
rov
r membersh ips se t fo r th in th is . Dec la -ampl i f ied by prov i .s ions o f the Ar t . i -d By-Laws o f the Assoc ia t ion , :Lnc1,uc1-s ions w i th respec t to corporaLe m.1 t -i o n s s h a l l b e , a t a n y t i m e , i n c o n s i s t -f th is Dec la ra t j .on . By-La lss o f the
here to as I l xh ib i t 4 and incorpora ted
but no suchth any prov isati-on are at
b y r e f d r e n c e
]-
- 1 0 -
I Assoc ia t itioF-TiTEFE
Owners andh of them to
Owner or Mur U J - T ] . I I A I I
e x e r c i s e a I Iupon i Ls de
th and hand lp r o v i d e d .
e r e s t i n a n ynt of the As,bove.
2 Cornnon Areds as h a l l p r o v
, , r epa i r $nd. Wi thout l im
I i g a t i o n s s h a l l in d F a c i l i t i e s i n
n , o r d e r a n dls f rom suchaccess to the pro
s a f e , a t t r a c t i v erab le a l te ra t ionso or on the
i a t i o n s h a l I p rand rep lacemef t ooper ty , bu t wh lch
3 other Assobiatk e a n y a i t i v i f y ,h e r t h e i n t e r b s t sU n i t s o n a s e l f - ga s s e s s m e n t b a b i s .s mav inc lude thei r d pe rsons fb r
and t rash cofor ind iv idub l
a n s w e r l n g P esewage d isnosf l
4 Labor and Fert he se rv i ces o
. or any part ths we l l as such one to be neceissa
t h e p r o j e c t , w hd direct.Iy by thwith whom or l,thiand pay fo r legale in connect ionorcement o f Uh is
. 5 A s s o c i a t i o l n Ra y a c q u i r e . : a n q h oI t i p l e o w n e r s , r ety and may ' d iqpost to the ru le$ anand Mul t ip le Qwnety . Upon a tq rmi
OBLIGA
ARTICLE 5
OF THE ASSOCIATION AND PROHIBITION
As soc ifor thand
t i on^ - . { + n
p r o J e cd e a l wi n a f t eany inpo iv i d e d
c i a tmain teF a c i l is a i dAreascond imaterimpairp roJeco r desh 6 h f q
the Asrepa i rR e a I P
u n d e rt o f um i n i u
se rv i- - i r L
s erv it e l ewat :e r ,
paya t r a la b l e ,d e t et i o nemploe n t i tob ta id e s i rf h a
t ionand Mpropes u b j eOwnerprope
A t t o r n e y - i n : . F a c t f o r O w n e r s . ' f h eevocab ly appo in ted a t to rney- in . - fac t ,le Owners o f a I I Condomin i -um Un i ts i
, con t ro l and dea l w i th the in te res tOwner so as to permi t the Assoc ieL-
s du t ies and ob l iga t ions hereunder :r igh ts hereunder , to dea l w i th the
ion as here j .na f te r p rov ided, and torance and insurance proceeds as he l re -
ep tance by any person or en t l t y o fin ium Un i t sha l l cons t i - tu te an aD-on as an a t to rney- in - fac t as p ro*
F a c i l i t i e g M a i n t e n a n c e . f h e A s s o -c a r e , o p e r a g l o n , m a n a g e m e n t ,
eplacement of the Common Areas ancll ing the genera l i t y o f the fo rego i .ng ,c lude the keep ing o f such Corunon
, c l e a n , a t t r a c t i v e a n d s a n i t a r yr ; remov inq snow and any o ther
n Areas and Fac i l i t ies wh ich migh t -ec t o r to the Un iL i keep ing thea n d d e s i r a b l e ; a n d m a k i n g n e c e s s a t i y
add i t ions , be t te rmen ls o r improvc . r -A r e a s a n d I l a c i I i L i e s . I n a d d i t i o n .
v i d e f o r t h e c a r e , m a i n t e n a n c e ,roadways wh ich are no t , a par t o f the
p r o v i d e a c c e s s t o t h e R e a I P r o p e r [ y .
on Func t ions . T-he Assoc ia t ion mavunct ion or serv ice fo r the benef i t o ro f a l l r sorn€ , o r any Owners o f Conr lo -p p o r t i n g , s p e c i a l a s s e s s m e n t o r
S u c h a c t i v : l t i e s , f u n c t i o n s o rprov id ing on i t s o r r /n o r to cont racrI i c e o r s i m i f a r s e c u r j . t y s e r v i c e s ,
o n s e r v i c e s , m a i d a n d c l e a n j - n qndomin ium Un i ts , check- in , ma i l andc e , a n d g a s a n d e l e c t r j . c a l s e r v i c e
other conrmon servicest
ces . The AsEoc ia t ion mav ob t .a in andny person or en t i t y to mana.ge i t seo f , to the ex ten t i t < leems adv is -er personne l as the Assoc ia t . ion sha l l
or desirable -€ar the proper opera-ther such personne l a re f l r rn ished or
Assoc ia t ion or by any person ori t c o n t r a c t s . T h e A s g o c i a t i o n m a v
and account ing serv ices necessary b rich the opera t ibn o f t i " re p ro jec t o r
D e c l a r a t i o n .
h t to u i re P r . The Assoc ia -or use a of the Owners
1 , tang ib le and in tang ib l+a persona lo f the same by sa le o r o therw j -se .regu la t ions o f the Assoc ia t :Lor r , eaohand the i r gues ts may use suchtion of condomini.um ownership of the
o f a ndomini-um UnIt sh
the Aesoc ia t ion , the benef lc iaLr ty eha l l be deemed to be owned by
propor t ion as the i r respec t iver e a s a n d F a c i l i t i e s . A n a s s i g n m e n tI I t rans fer to the ass ignee ownersh ipia l in te res t in such proper ty w i thouti f i c re fe rence there to . fhe t ran : : fe r
r fo rec losure sha l l en t ic le theI in te res t in such proper ty .purcha er to the benf f i c
c i f i c a l l y i n f l u dry easements fo ron by the Ass fc ia
pro jecin te re+ h a + l r
i n te re
o f thethe neo f a
sneces sopera tt e m ,
and d isso lu t iont in any such pr ,n Owners in thets in the Coruhon
a s s i g n o r ' s b e l r e f ie s s i t y o f a n y s p endomin ium Un i t un
here in i s thee cons t ruc t - ion ,
r:Lght to obtainmaj-ntelnance and
ion of a water or other ut i l i ty sys-
5t ion Il ease
a I I h a v er r e n t a l o f a
7 Ru les ande n f o r reasonab l "egove n g t h e u s e
Such ru lese u s e o f t h eoyment by a l la p e r i e s , s h a drm and attr v e
. F n f l | 1 1 1 | a s sspaces ) o rA r e a s a n d F a c i l i t
par t i
and o f the Common Areas and Fac i l i -l a t i o n s m a y w i t h o u t l i . m i t a t i o n : ( i )
E l e m e n t s t o a s s u r e e q u i t a b l e u s ens en l l t l ed t he re to ; ( i i ) r edu i reother window cover ings shal l present
appearance :Erom the ex ter io r o f agn par t i cu la r por t , ions o f park inq
areas or oLher fac i l i t i es r r / i th in thee s f o r e x c l u s i v e u s e b y O w n e r s o fi t s .
a i l s to comply w i th such r iu les andother ob l iga t ions o f surch , Owner o r
Dec la ra t . ion . The .Assoc ia t ion mayaga i .ns t any such Owner to en force
s , regu la t ions or o ther ob l iga t ionsn o n c o m p l i a n c e , , a I . L t o t h e e x t e n t D e r -
6 S a I e , L e a s Renta l b A s s o c i a t i o n . The Assoc ia -i n t h e s a l e ,l ' h a r o n f
and au t r:Lty to engage.Lum Uni t or any par t
t j -ons . T 'he Assoc ia t ion may make and
o formly app.L ied ru les e rnd regu la t ions
t i e s .r e g u l aa n d e nthat da u n i :
a r e a sCommon
vot ingdur ingr e g u l aM u t t i pa l s o tcompli
m i t ted
3
e x e r c iD e c l a rof lhbe ne
mortg o f ai n
i n i u m
Un i twith
pers o
suspend any Owner o r Mur l t ip le Owner rsr igh ts in the Ass ia t ion dur :Lng any per l .od or per iodswhich such Owheri .ons, or wi th anye Owner under th ike j ud i c i a l - a f t i once wi th such ru lf-tii"-a.*;;;; ;;;b y l a w .
rl i ed R i t 'g
e a n y rt i on , o r r
D e c l a r a t i o n , o rs s a r y o r d e s i f a b l
The Assoc:Lat ion ehal l . have and mayv i l ege g i ven to i t exp ress l y by t h r sy to be imp. I ied f rom' the provis ionsiven or imp.Lied by law, or which rnay
to f u l f i l l i t s du t i - es , ob l i ga t i ons lr ights o r p r i v i l e g e s i
t s o fA r t i c I
Noth ing conta ined in th isany milnner l imit the r ight of afror -atiag t&c'nepairs or im-
the app l icab le . p r :ov is ions o fj . ts mr:rtgage r
a g e e .prec lLude or t-n
Condoininip r ntsthe
accorFanF l a n l b r r----r- *
- 1 2 -
ARTICLE 5
ASSESSMENTS
ul ,ar As n t s . E a c h O w n e r a n d M u l t i p l e O w n e rshaI lamountamounta s s e s s
s
n t s s h a l l b e mad
gata s s e s s e d t oare here i -n
Pahe1 1 e
d I I
i n
a ida l l
and eha l l pay to the Assoc ia t :Lonndomin ium Un i t o f such Owner , wh ichassessments . The appor t ionment o fa s p r o v i d . e d i n A r t i c l e 6 . 3 .
s i o n s h e r e o f , t h e B o a r d o f D i r e c t o r shave the power and au thor i ty toconnect i -on w i th a6sessmenLs, inc l r - rd -o de termine where , when and how as-to the Asgoc j -a t ion , and each Ownerbe required to conrply with any suclh
ts fo r Ca i ta l r o v e m e n t 6 . I nAssoc la t ion may levyper r iod as the Assoc i -
de f ray ing , i n who le o rrecons t ruc t i on ,
any pa r t t he reo f , o ri ncu r red as .p rov ided
f A s s e s s m e n t s . A e r s e s s m e n t s e h a I I b eappur tenant , percentage und iv ided
s and Fac i . l i t l es aes igned to a L , ln iC
a d d i t to the requ l la r s s e s s m e n c s ,
of thedeterma n 9sessmeand Mudete nat ions
specr -aa t i o ni n p a rrepa i rfori n th i
6apportin teas se tUn l t ,day oLmaylowing
amounted forDirectrequ iannua lde ta i I9 € t Iany eandsment'sr e s ebudget
= n r r f i
cos tsc i a t i
f i s c afor t, F r a ^ +
f i s c adays
c i a l
a g s e g s m e n t s r P a Yy d e t e r m i n e , f o r
b le over such athe purpose o fc o n s t r u c t i o n o rt h e p r a j e c t o r
r red or to be
n3 Appor t iooned accordt in the Coforth on Exi t le to wh ler than the
t h e a s s e s sa g s e s s m e n c
n A
J 6
i od
4 Determinat lon f Budrequ
. T'he Board ffto any Owner pr
e to ta l " *ou . t
tca l year sha lp - ben d e x p e n s e s o [ f u
made in connbct i
. I f Ownersrh ip o f a Condomin iumr ived f rom Dec laran t , conunences on a
d a y o f a n a s r s e s s m e n t , t h e D e c l a r a n tt i l the conmencement o f the nex t fo l -o r the same may be prora t .ed .
v i o u s lr a 1
approved budpet .b v a s s e s s m e n t b f cyear sha l l be th
f i s c a l v e a r b l e t ined as above and mul t - ip l ied by a, the numerafLor f which ie the number of day3 in then, the numera fLor
p e r i o d a n d . . t h p dtha t f i sca l yea
sha l l be the sub
nator o f wh ich is the number o f
e t s a n d A s s e s s m e n , t s . T h e t o t a La c c a c ! c m a h i c o d e t e r m i n -
f the Assoc la t ion by the Board o f ,ion" To de t -e rmine the to ta l amounte Board o f D i rec to rs sha l l p repare anc a l y e a r s h o w i n g , i n r e a s o n a b l ers p roposed to be covered by the bud-a n d e x p e n s e g w h i c h w i l l , b e p a y a b l e ,o t h e r f u n d s w h i c h w i l I b e r e c e i v e d ,
t r e q u l r e d t o b e r a i s e d b y a s s e s -expenses and to p rov i i le a reasonab le
rec tors sha. t l fu rn lsh a copy o f theI t ip le Owner upon requ€ ls t .
red to be ra ised bv assessments fo rhhat amount lr€elErril:r:r to eover thef i t l i ng the ob l iga t ionsr o f the AsBo-n w i th o r con templa ted under any pre-
The to ta l amount requ i red to bea n y f i s c a l p e r i o d l e s s t h a n a f u l l
to ta l amounL requ i red to be ra i .ser l
A n y d e f i c i t , o c c u r r i n g o r a n t i c i -t o f a s p e c J . a l a s s e s s m e n t .
, the cos t o f anyor rep lacemen$, o f' o ther expens$ in
D e c l a r a t i o n .
p a t e d ,
- t 3 -
es may requ l re , the Aseoc ia t ionnd i . tu re in excegs o f the funds
ehal I' r e a -
T h e A s s o c i -andthe Unit,due l and
or : Mu l t ip le
otherorn/ner,
s h a I I{ . i n l a
As soco f t
agat o a eowingOwner
+ h c
I i e nA a h +
nameand tl i e n
agent
e r r eg u m s ,f u l l y
+ h a
l i k e^ o o A i
p e n s ea d d i ti n c u rs h a I la s s e sc l o sdu r lb i dand tappuwi th
r e l e ao f f io f th
v a i l a b l e t o t h e A s s o c i a t i o n .
. 5 T ime fo r nts . The amount o f any agsessrnent , o rmount payab lq w respec t . to any Owner o r Mu l t ip lesha l l become dueip le Owner tu fen t
ve been q ivdnn e r , o r a t s u c h
and payable with respect to any Owner(20) days a f te r no t ice o :E suc f r amountthe Assoc i -a t ion to such Owner o r MuI -
la te r t j -me as may be spec : i f ied by thet i o n ,
a g i n g a g e n t , i fs e s s m e n t s e t . t i n gegs , the amouln t
the Owner or Murrre uwrleI or mud e s c r i p t l o n o f1 1 b e s i g n e d b y
, 6 . 2 S u c h l i e n .fau l t lng Owner ] ' s
nner as a mor tgaer the Owner shaa n d a t t o r n e y r s fn a L c o s t s , a l l ed . fhe Owner o f
requi red to i pan t ' f o r t he Cond
, and the Assoc ief o r e c l o s u r e . T h ethe Condominiurn La c q u i r e a n d h o l d ,nant there to , as
1e same.
.6 . 3 T 'he recq rde:d by recordi4g a
of the Assoq ia tAs soc ia t . ion .
L sha l l bear in te res t a t the ra teannum f rom the da te due and
payab
. 6 L i e n f o r smente and Amounts.at i .on h a l l h a v e
each Owner dndre palzment Of, ano the Assoc ia ] t ioof that condo[in
. 6 . I T o e v i d e n c e u c h l i e n , t h e B o a r d o f D _ i r e c t o r E o r
assessment or other amountwi th respect to the Owner
u m U n i t .
s s o c l a t i o n , a n d s h a l l b e r e c o r c l e d i nC lerk . Such l ien sha l l a t tach and be
I d u e d a t e o f t h e a s s e s s m e n t u n t i l a l lr charges thereon, shu l l have been
b e e n f o r c e d b y t h e f o : r e c l o s u r e o fn i u m U n i t b y t h e A s e o c i a t i o n i n
o f the Board o f D i rec to rs o r bvAssoc ia t ion , o r by the manag ing-
3 o n r e a l p r o p e r t y . I n a n y s u c h p r o -I be requ i red to pay the cos ts r €x-a s l n c u r r e d f o r f i l i n g t h e l j - e n , a l lp e n s e s a n d r e a s o n a b l e a . b . t o r n e v , s f e e sthe Condon in ium Un i t be in ( i fo iec losed
to the Associat lon the monthlv cornmon
l ien prov ided fo r here in may beRelease o f L len to be s igned by anon or by the Manag ing Agent on beha l f
t ry , sha l l p repare a r . r r i . t ten no t ice o ffo r th the amount o f such unpa ic l in -f the accrued in te res t thereon. the
p le Owners o f the Conr fo rn inJ .un Un i t ,e C o n d o m l n i u n U n i t . S u c h a n o t i c e o f
Purchagers and EncL lmbt iances .
f any assessment payab le w i th r :espec tOwner sha l . l be a jo in t and severa l
a t ion o f such Owner and such Owner 'st a t i v e s , s u c c e s s o r s a n d a s s j - g n s . A
- 1 4 -
in ium Un i t dur ing the per iod o f fo re-t i o n s h a l l b e e n t i t l e d t o a r e c e i v e r
ABsoc ia t ion sha l l have the power ton i t a t fo rec losure or o .b .her t rega1 sa le
I e a s e , m o r t g a g e , v o t e t h e v o t e sign the leaseho ld o r o therw ise dea l
t o aob l igh e i r s
7 L i a b i l i t
. 7 . 1 T h eOwner or t" lul t l lpl
t ion to the A{socpersona l repr ]ese
p a r t yin tewith ta c cs u c h ir i a l r +
owner "be rewi thou
a s g e g
a s s e sany l ifa i tha F l - 1 r o
record
nd fo r va lue And
Co
t o r e c o r d a n b t i cmor tgagee. thp As
any ui r h i +
I i e nI i o n
hav ingof theg a g e eotherd a y s a
o f s u
f e e ! o e x c e eOwner any person h/1tCondt i t l ef e e st i o namoundFI! r
thecu r reto thto thAs socor
The*1"i1
moo
i'"I
a I l dom h 1 ! r m
r e s i d n t i a l p u r p o s e
s t in the Condomin ium Un i t o r an1 b e j o i n t l y a n d s e v e r a l l y l i a b l eIessor fo r a l l such amounts wh i -ch hadat the t ime o f t .he acqu,J -s i t lon o ft y w i t h o u t p r e j u d i c e t o s u c h p a r t y ' eaid arnounts paid from t.he former
together w i th in te res t . thereon, maya money judgment try the A,ssociat ioniv ing any l ien secur ing the same.
a f i rs t mor tgage or f i r s t deed o fi t sha l l no t - be l iab le fo r any suchor pena l ty ; and the l ien fo r any such
o r p e n a l t i e s s h a l l b e j u n i o r L oa Condomi r r ium Un i t taken in good
e r f e c t e d b y r e c o r d i n g i n t h e o f f i c ee the t ime a no t ice o f such l i -en is
Any mor tga<;ee ho ld ing a l ien on abut sha1 l no t be requ l red t .o pay ,n t payab le w i th respec : t to sucht , such encumbrancer sha l l have aamount paid of the sanre rank as thecumbrance w l thoub the r iecess i ty r r fo f c l a i m o f s u c h l i e n . U p o n r e g l l e s t
iat ion shal l report t-o the mort-l t any unpa:Ld comnon a$sessment o rnpa id fo r longer than f -h i r ty (30)
; p rov ided, however , t -ha t a mor t -to the Assoc ia t ion wr i t ten no t ice
ica te . upon pa lzment o f a reasonab leupon wr i t ten request of any
any r igh t , ' t l t l e and in te l res t in an in tend ing to acqu i re any r igh t ,
n ium Un i t ( in wh:Lc t r case thep r o B p e c t i v e p u r c h a s e r ) , t h e A s s o c l a -
ten g ta tement se t .g lng :Eor th the, c h a r g e s , f i - n e s o r p e n a l t j - e s , i fhen unpa id w i th respec t t -o the ownerthe amount o f the assessrnents fo r thethe Assoc ia t ion payab le w i th respec twh ich s ta tement sha1 l , w i th respec t
i s i s s u e d , b e c o n c l u s i v e a g a i n s t t h ei e s , f o r a I I p u r p o s e s , t ? r a t n o g r e a t e r
n d u e o r a c c r u e d a n d u n p a i d .
i s s i o n o r f a i l u r e t o f i x t h e a s s e s s -a s ta tement fo r any per iod sha l l no tf i c a t i o n o r a r e l e a s e o f t h e O w n e r
cquJ.rr-ngt a s a l ee fo rmer
and weret e r e s t b yo recover
Each sucvered by, f o r e c l o s
f a condomin i tm Uharges remain f ingter the same i i -s dha l l have fu rh lsh
e n c u m b r a n c e .
nium Uni t or berr i n te res t l n aI l b ,e paid by sua l l f u rn i sh a w ro f any assess fnene o r acc rued and
. 9 c e n e r a l .r deTTiEi-o-r
E s
menEb e d a w a i v e r ,f rom i s o b l i g a t i o n y t h e . c o m m o n e x p e n s e s ,
ARTICLE 7
OTHER RES'IRICTIONS
I R e s t r i c t i U s e . " R e s i d e n t i . a l U n i t s "
Y t anddent ia l Un i [ sha l l be
no res ident i .a l Un i t
. sha I l meanused fo r
sha l l be
- 1 5 -
occup ii t wass h a I It i v i t y ,r e s i d e np u r p o s e
v / . ran t asproPera l s os a i dfunct ic i a t i othe pd e s i g
o f Coed bYno ownof theg u e s t son anyF a c i l ia t i o n .
the Pn r o n i
c a u s ec o n s e n
7s h a I lI a t i o na { - h o r
7i t i es .upon ap laceda nU].
p r o j e cany paardouson anynoYingwhiche m i t tbr ightrespecs h a l lbY ther 1 n a r .
s taLutimpos
for l i v inge s i g n e d t o a
used a t anyexcept tha ti a } U n i t f o r
ommon Areas ahdhaL l change, N l l tf the Limited Cot ies w i thout the
o f i nsu rancnce l l a t i on oof ehe Assoc
4 No V io la t ianyt
f anyl i A l r r
s 1 ing purposes by more persons thana t e s a f e l y . N o r e s i d e n t i a l U n i tfo r any bus : iness or conmerc ia l ac -ner thereo f may lease or ren t sucht e r e s i d e n t : L a l , I i v i n g o r s l e e p i n g
esu l t i n an i nc reaee i n t i r e i nsu ranceained for the pro ject o: r which mighth insurance wi thout the pr ior wr i t ten
Law. No Owner and no Owraer 's gues t ,se pro jec t wh ich wou ld be in v io -
I e , o r d i n a n c e , r e g u l a t i o n r p e r m i t o ru i rement o f any governmenta l body .
5 No Nox ious o f eng j . ve , Hazardous or Ac t iv -No noxrous o v e a c t i v i t y s
y part of theon or in any
ec t nor sha l l any th ing be done oro f the pro jec t wh ich is o : r may become
e Or i v
ni t
F+a
pT
. I M a n Notwi ths tand ing the prov is ions o fbe used by the des ignee o f Dec la r -nduc t o f sa les ac t iv i t -y re laL ing to
Shou ld the des ignee o f Dec la ran ta ted by the Assoc ia t ion , then the
for the d ischarge o f i l l l - managementt g ive wr i 'L ten no t ice to the Asso-r i g h t t o m a i n t a i n a s a l e s o f f i c e i nmay be used by the pro jec t manager
1 0 n .
Common El Rest r i c t ions . A I I use and occrupancytj .es sha sub jec t lo and govern-
I e s a n d r e g u l p t i s o f the Assoc ia t ion . No Owner andt ruc t , damage or commi t was te to anyc i l i t i e s . N o O w n e r a n d n o O w n e r ' s
or repa i r o r s to re any th ing in o r
' s g u e s t s h a l
Elements or Common Areas andr i o r w r i t t e n c o n s e n t o f t h e A s s o c i -
r i l f I n s u r a n c e . N o O w n e r a n d n o o w n e r ' gguescs ha l l do any ng r cause any th ing to be kept in o r on
jec t wh ich mi
N o U n s i.}.+
t e d any par o fe90
rasgment , d is tu rbance or annoyance toI be conducted on any parL o :E thets sha l l be made or cons t ruc ted on
t wh ich is unreasonab ly loud or an-eml t ted on any par t o f the pro jec t
s ive to o t t re rs . No l igh l sha l .L bethe project dridr t l unreasonably
No uns iqh t l iness sha l l be permi t -p ro jec t . Wi thout f - im i t ing theno lh ing eha l l be kept o r s to red
and no impt o f t h e p r o j Q c t ich are or migh t be unsafe or haz-to any Person or r tv . No soun i l sha l l be emi t tedpart of the p{o je
n c e o r c a u s e\T^ r ^+ i r r i + r r
No odor sha l ls nox ious o r o f f e
from any par$ ofo r c a u s e s u n r e a s o
to whether of noo n s t i t u t e a v l o l a
le g la re . Deter :mina t i .ons w i tha p a r t i c u l a r a c t i v i t y o r o c c u r r e n c e
o f t h i s A r t i c l e 7 . 5 s h a l l b e m a d eBoard of Di ret tor of the Assoc ia t ion and sha1 l be
o
ori + r r* - f
r
genera of the fo n 9 ,
R e s t r i c t irept i I or . t-nseccswl- the prior wr t
8 R e s t r i c t id e v i c e of any na tur
Area6 and Fac i l i t ies no th inq sha l ly of the Limited Common Elements or
A n i m a I s . N o a n i m a l s , b i r d S o ron any par t o f the pro jec to f t h e A s s o c i a t . i o n .
be
on orbe huCornmon1n wLuns ig
be madbe f in
A s s o cL e a s t
'l
gues tst i m eof Coo r Lrespsha1 lmadef ina l .
-|o f a n
Uni tthee redof thsuched bya g a i ns u c ho f s ua s s e s
1
cont remplo
sonabb u t wc l ' r
s h a I l
owner
s h a l l
any of the
ows or doors d f UIy appearance i Da p a r t i c u l a r A c t i
by the Board of1 .
es , and no th ing sha l l t re p laced on ori ts which would o:: miqht create anterminat ions wi th respect to whetheri ty or occurrence is unsight ly shal li rectors of the Associat ion and shal l
T consent
the pro jec tt ion . The As
e s i g n o f r ee p r o j e c t .
No V io la t iv lo l . a
t ime by theomin ium Un i tsted Common EI
to whetherl i tu te a v
the Board of D i r
l_
s o n
n s . N o s i g n s o r a d v e r t i s i n gerected or maintai-ned on anv
ut the priol: wri t t .en consent of thet ion shaL l permi t the p lac ing o f t r tb le s ize and d ign i f ied fo rm to iden-
Ru les . No O\ , rner and no Owner 'sru les and regu la t ions adopted f romia t ion , whether reLat ing to the use
use o f Cornmon Areas and Fac i l i t iess o r o therw:Lse. Determinat ions w i th
a par t i cu la r ac t i v i t y o r occur renceo n o f t h i s A r t i c l e 7 . 1 . 0 s h a l l b etors o f the Assoc iaL ion and sha l l be
0 Owner Cau mage. I f , due to the ac t , o r neg lec t ,n a r 6 r q s g u e s t s , l o s s o : r d a m a g e s h a l l b e
oper ty r inc lud ing the pro jec t o r anyto any person orerein, such Oi,rner sha l l be l iab le and respons ib le fo r
tent that such damage or loss j .s cov-except to tFe einsu rance ob ta ln d by the Aesoclat . lon and the carr ier
ed. j - ts r ights of subrosat ion agaj_nstl -nsurance nas waJ-er. The amofrnte Assoc ia t io f f rsuch Owner , Fy Iun t sha l l be secOwner as pro fz idents or other cha
es and contraFtoc t i on , and sa lp ,
requ r reo , convehout l imi tat i ln ,- ' - - " * : " ' - - * : - r " 'o n y a r o s , s r g p s fn A l i a h + i n a
. 1 2 E x t e r n a lp laced ont of the
Dec laran t oae on the c
u n i t o w n e r s .be a common e
f such loss or damage may be co l lec t -such Owne: r as a spec ia l assessment
a l p roceed ings or o therw ise , andred by a l ien on the Condomj -n ium Un i t
in Ar t i c l .e 6 o f th is Dee lara t ion fo rg e s .
ths tand ing any prov is ion to thes D e c l a r a t i o n . D e c l a r a n t , i t s a g e n t s ,
may main ta in dur ing the per iod o ff a c i l i t i e s a n d a c t i v i t i e s a s r e a -
en t o r inc identa l there to , inc lud ingb u s i n e s s o f f i c e , s t o r a g € : a r e a , c o n -
e l un i ts , sa l€€ o f f i ce , park ing
ae. No rad io o r te lev is ion an tennater io r o f any bu i ld ing , o r upon anyareas and fac iL i t ies by an l ' un i tAssoc ia t ion rnd l r however " p lace
reas and fac i l i t i es fo r the conrmuna ln ta inance o f any an tennae so erec tede .
- r 7-
ARTICLE 8
INSURANCE
ements G e n e r a l I y . T h e A s s o c j - a t i o no r c e a n d e f f e c t a t a l lsha l I
t imesinaf tethe eed toB e s t ' sI e a s tto thes u r e d ,i n - f a c
i nsu reo f f i ceO w n e r ' s
i n v a lAssoc io f any
i n s u r a n c eaJ-n and ma
r t a i n c a s u a l tp r o v i d e d . A ln t p o s s i b l e ,
b u s i n e s s i nn s u r a n c e G u i dAAAA (or anyx t e n t p o s s i b ln i t s i n d i v i d
any comparab le pub l i ca t ion) o f a tr a b l e r a t i n g ) . A 1 I s u c h i n s u r a n c e
1 l name the Assoc ia t ion as the in -
i l i t y and o ther insu : rance as here-r -nsurance sha l l be ob ta ined, to
respons ib le compan ies duJ .y au thor iz_ta te o f New Mex j -co w i t l . r a ra t ing in
a p a c i t y a n d a l s o e i t h e r a s a t t o r n e y _O w n e r s .
e . s u c h c a s u a l t y i n s u r a n c e s h a l l :
a wa iver o f subrogat ion by thet t h e A s s o c i a t i o n , i t s c l i r e c t o r e ,
ents and agains.L each ()v{ner and eacha n d g u e s t s ;
t the i -nsurance cannot . ber cance l led ,on account. of the condrrct of the- d i r e c t o r s , e m p l o y e e s a n i l a g e n t s o r' s e m p l o y e e s , a g e n t s o r g u e i t s ;
t a n y " n o o L h e r i n s u r a n c e , , c l a u s e i ne x c l u d e a n y p o l i c i e s o f i n s u r a n c emor tgagee and tha t the insurance
t in to con! : r ibu t ion w i t -h insurancem o r t g a g e e ;
tandard mor -Cgage c lause l endorsemenro f any Condomin ium Un i t - o r par t o fagee o f a Condomin iu rn Un i t o r par tred by o the . r and separa t ,e insu iance;
t t h e p o l i c y o f i n s u r a n c e s h a l I n o csubstant ia l ly modi f ied wi thout at
r io r wr i t ten no t ice to the Assoc ia -each mor tgagee covered by any sean-
q a h a h + . : n A
ch pub l ic l iab i l i t y anc l p roper ryv ide fo r coverge o f any c ross l ia -ainst the Associat ion or otheri on aga ins t Owners w i thout r i ch t o fe pol icy may contai-n sr"rch dedrjct ibleion deems cons is ten t w l th qood bus i -
n c e c o v e r a g e o r c o p i e s o f i n s u r a n c eeach Owner and Mul t ip le Owner ,
o f a l l i -nsu : rance ob ta ined by thence cover ing add i t iohs , a l te ra t ionsCondominium Unit by an Owner ort ' the reques t o f and spec i f i ca l l yOvrner, shal l be a comrnon expense toagainst each Owner and hi.s Condomin-und iv ided in te res t in the Common
enant to h is Un i t ,
or t r us tee fo f
( b )t e d ,i n n
r
the ins( c )
rancemain tapo l icy
ed byL - 1 1I I d I I
m a i n t a i by
i n fat'he prof t'he
( d ) c o n t a i h aof the mortg{gee
ect except a lnor tro ject who ie cov
be teI e a s t ft ion ad a r d
To thedamageb i l i t yownerssubrogap r o v i s in e s s p
p o l i c i eeach mo
As socior impother ib e n e f ibeium Un iA T E A S
1 8 -
IIand ma
2 C a s u a l tn t a L n c a s u an ium Un i t cov4r i
a r d s are covered l rnde
nce. The Assoc ia 'E ion sha l l ob ta inurance cover ing the pro jec t and each
damage by :F i re and such o ther haz-s t a n d a r d e : x t e n d e d c o v e r a g e p o l i c i e s ,l i c i o u s m i s c h i e f a n d , i f a v a i l a b l eb y t h e A s s o c i a t i o n , w a r r i s k , f o r
i n c l u da n d i fthe fuopt iont.rons I
a d d i t ic i a t it o r e sc o n d it i o n scover l -s a i d .
I iab ib i r i rproped i recO w n e r twith
l im iI e s s
r v r
$ s 0 0 ,' l
i : t r i
s uch1 n J u
m a n ' q
theretorYi n a i
h i s fI i a b ii - n s u rw i I 1a n c ec i a t i
a g a iempland
ExcePr e c e i
n g v a n d a l i s m 4 n ddeemed appropf ia tI i n s u r a b l e r S p l ao f t h e A s s o c l d t i oa l t e r a t i o n s o f , i mwner i f the OWnerwner i f the Ownerna l p remiums St t r
shal l- not. be obl
t c o s t o f t h e p r o j e c t . A t t h e, such insu : rance may a lso cover ac id j . -rovements to a Condomin ium Un i t madere lmburses the Assoc ia t ion fo r anyb u t a b l e t o s u c h c o v e r a g e . T h e A s r i o -ga ted to app ly any insura .nce proceedsUni t to a cond i t ion be t te r than the
to the ma)< j -ng o f add i t ions , a l te r :a -an Owner in the absence l o f insurancea l te ra t ions or improvements as a fo re-
r a g e o f s a i d i n s u r a n c e s h a l l b e r e -
mage insurance cover j -n i ; persona l l i .a -iab i l i t y and au tomobi le persona l an f l
o f t h e A s s o c i a t i o n , i t s o f f i c e r s ,agents and o f each Owner and each
a n d g u e s t s a r i s i n g i n c o n n e c t i o n, ma in tenance, occupancy or use o f
in ium Un i t in the pro jec t , w i th1 , 0 0 0 , 0 0 0 . 0 0 f o r e a c h p e r : s o n a n d n o tor each occur rence w i t l " r t :espec t t rcth l im i ts o f no t less thandent w i th respec t to p roper ty damagea t i v e , t h e A s s o c i a t i o n m a y o b t a i nl e l i m i t o f $ 1 , 0 0 0 , 0 0 0 . 0 0 , p e r s o n a le c o m b i n e d .
Workmen' s sat ion and Emplo e r ' s l i i a b i l i tc e " + a i h a mainLa j - n r K -
n s a t i o ne s s a r y t o c
d
T
l o y e r ' s l i a i b i l i t y r n s u r a n c e as mayI t h a p p l i c a b l e l a w s .
. 5 I n g u r a n c e Except to the ex t r3n t coverager may t h e A s s o c i a t i o n a n d b e s a t i s f a c -
er sha l l t re respons ib le fo r ob ta in -e s i r a b l e , L n c l u d i n g i n s u r i l n c e c o v e r i n g
na l p roper ty and cover ing persona le m p l o y e e s , a g e n t s a n d g u e s t s . A n y
by an Owner shal. l be such that i tr s e l y a f f e c t o r j . n v a l i d a t e a n y i n s u r -
ry under polieies ts.tried by the Asso-e e x t e n t p o s s i b l e , c o n t a i n a w a i v e r o fn by the insurer as to any c la im
i t s o f f i c e r : s , d i r e c t o r s , a g e n t s a n dher Owners and lhe i r employees , agen ls
6 Rece ip t a l i - c a t i o n o f I n s u r a n c e P r o c e e d s .as some parL
e i n s u r a n c e Pp e r s o n s h a l l h a v e a l e g a l r i g h t t o
by the Board o f D i rec to rs and sha l li n c l u d a n a p p r a i s a l o f p roper ty in a fo rm sa t . i s fac to ry Lo+ h c r d o f D i r e c t o f s
and Proper tv Damaqe Insurance. 'r'ne
A s s o c i ano ma] .n ta tn comprenenstLve
s d i rec t l *y , a l I :Lnsura .nce procee i ls
t ion sha l l be apps e x p r e s s l y p f o v ito the owners o r
f
and rt i o n .A s s o cf i r s t
i n t F r a
^ L - t 1
i n s u r a€ i . l o l i
the At o r s ,
s h a l l1.o I i
whichI l h i +
madeBoa rd
ned by the Bofi .rdimp ments made by the
s i n e x c e s s o f , o nn e r s h a l l b e a f t h
h is Un i t tha l weDi rec to rs .
hereb make= l - l ' n
i t sium
i r r a
and
id to and :receivred by the Associa-s o r recover ies rece ived by the
i e d b y t h e A s s o c i a t i o n a s f o l l o w s se l s e w h e r e i n t h i s D e c l a r a t i o n :
I p roper ty o f the Assoc ia t ion ,cover ing employees and agents o f
a n c e i n < l e m n i f y i n g o f f i c e r s , d i r e c -s o f t h e A s s o c i a t i o n .
Condomin ium Un i ts . Each Un i t Ownerr d o f D i r e c t o r s , a n d s h a l l
ed insu : rance premium fo r j .nsurancr :f D i r e c ' L o r s o c c a s i o n e d b y , a I IUn i t Owner to h is Un i t , the va lue o f
t h o u s a n d d o l l a r s ( $ 1 , 0 0 0 . 0 0 ) . E a c hr isk o f loss o f a l l improvements
e no t the . sub jec t o f no t ice to the
ARTICLE 9
the. condomin,ium property upon j . tsj - s h e r e i n a f t e r p r o v i d e d . A s
s o c i a t i o n , b y i t s P r e s i d e n t a n d S e c r e -ary o r i t s o ther i lu ly au thor izedI have fu l l and comple te au thor iza-
m a k e , e x e c u t e a n d d e l i v e r a n vany o ther i -ns t rumern t w i lh respec t toin ium Un i t owner wh ich are necessaryise the powers here in g ran ted . Repa i r
improvements as used in the succeed-s t o r i n g t h e i m p r o v e m e n t ( s ) t o s u b s t a n -n in wh ich they ex is ted pr io r to the
the l , im i ted Conrmon E lemenLs andies hav i ,ng s iubs tan t ia l l y the same ver -n d a r i e s a s b e f o r e " T h e i n s u r a n c e p r o -
ava i la t r le to the Assoc ia t ion fo r thera t ion , reconat ru ( . ' t ion and rep lacemenC
s o c i a t i . o n o n b e h a l f o f M u I t i p I eI f i r s t mor tgagee l r agree no t to re -
t h e p r o v i s i o n s s e t f o r t h h e r e i n a f t e r .
ver ies sha1 l beAI I insurance p
s econd rsons rvho the Assoc ia t ion may deLerb a l a , i f a n y , t o Q w n e
ts in the Comrhons in proport ion to thei r respect j -vs
eas and Fac i l i t .es
7 Cther Insu by the Assoc ia t ion . l t re Assoc ia t ionl-so have the or au thor i ty to ob ta in and main ta innd add i 'L ionaI L n s r a n c e c o v e r a g e , i n c l u d J . n g c a s u a l t yce cover r -ng py bonds or ino c i a t i o n a n d
ur
l oyees and
rovemenrequ i red to
Ie fo r any i
DAMAGE RUCTION AND RESTORATION
. 1 A s s o c i a t i o r n e y - i n - F a c t . T h i s D e c l a r a t i o n d o e sr revocab le appo j -n tment o f an
y - i n - f ac t ' t I w i th the pro jec t improvements upont ruct ion or dEma , to repair and improvr: the Condomin-
i t s , b u i l d i n g s a Limited Common Elements and CommonI o f the Owners and Mul t ip le Ownersnd apno in t the Assoc ia t ion the i r t rue
Areas n d F a c i l t i e s .b l y c o n s t i
nth
fu l a t to rney e j - r namer p lace and g tead fo r thea n F A a a l i n av v ! s v s - - r ^ J
or des t ruc t iey- j -n- fact , tr A s s i s t a n t r
n f f f r s o r a g e n t s ,
purpodamaga t t o r
t i -on ,cont rthe iand a
i n g st i a l ldamag
+ i n r ' l
c e e d spurpoun lesOwneb u i l d
r igh l and pL , a s s i g n m e n
t e r e s t o f a Cpropr ia te to
shar +
or
x e rf r- - l
o l l u o n s t r u c t i o nb s e c t i o n s m e a
the same cond i t i, w i th each U4 i t
A r e a s a n d F a d i l iand hor izon ta l l bcc o l l e c t e d s h a l l l be o f r e p a j . r , $ e s t
the Owners , the, Dec la ran t a {d ain accordance w i t '
. 2 R e s t o r a t i the Prc)
damagei n s u r ament ( ss h a l lsha l l
ment (A r r r i
the
fo r s
vo teownerproxymortgcablen f +
ower to vote onU n i t O w n e r s . I f
o f a tb u i l dt rucrn i a f i
- q l to l t u L
Ieas t two- th idd6restore the
s h a l l b e p!1 , as a t to rne l4 -1n
p r o c e e d s o f a
res tore or se l l the proper ty . A t thei r rg p ropos i t ions , the Condomin ium Un i t
f i r s t m o r t g a g e e s , j - f a n y , a s t h e i r
1 n
pa
2 . r Insurance P s Suf f i c ien t . In f -he event o f
p r o c e e d s , l f st o f i r e o r o t h e r d i s a s t e r , t h e
f f i c ien t bo res tore the improve-o r d e s t r u c t
, sha l l be app l i fo r th lv i th by the Assoc ia t ion , asd and recons t ruc ted . l fhe Assoc ia t ion, r igh t and po$ ier , as . r tCorneY- in -
and res tora t ion o f the improve-conmon expenses sha l l no t be abated
prompt ly repai rve fuI I auth0r i t
cause the rBpa i
ance ad jus tments and repa i r and
2 . 2 I n s u r a n c e e d s f n s u f f i c i e n t - A s s e s s m e n t . I nh + + h 5 + | h 6 f t y o r improvements the : reon so damaged
h e r i s k c a u s i n g t h e l o r s s o r d a m a g e ,i . n s u r a n c e p r o c e e d s a r e n o c s u f f i c i e n t, r e s t o r a t i o n o r r e c o n s t r u c t t o n , t h e nO w n e r s , a t a s p e c i a l m e e t i n g c a l l e d
ee on the propos i t ion o f whether o r
a l l oc i .enc
Areasownera f te raulhrepa ia I I o* h a f
prov rh i sp r o va s a t
ro paand i
s h a l l
] - nsu rd e l ithe
A O n
the Owners erid tassessmen t sha l lappur tenant $er
o r n e y - i n - f a c t , ] sI the Condomidrium
s u c h d e f i c i e $ c Ynot so pa ld , the
ce tha t the
t a n d a l l r e b s ot i o n . T h e
i n i um un i t shF I Ias at torney- iF- f
( a )
( b )
/ A \
s i t i o n s , o r a s a p a r t o f t h e f i r s tg r :an t the f i rs t mor tgagee the i r revo-a i d p r o p o s i t , i o n i n t h e p l a c e a n d s t e a dthe Un i t Owners , by a f f i rmat ive vo tef Lhe to ta l vo te , vo te to repa i r , re -ndomin ium Un i t , su tch damage or des-ly repa i red and re rs to red by the Asso-f a c t , u s i n g t h e p r o c e e d s o f i n s u r a n c ee c i a l a s s e s s m e n t t o b e m a d e a g a i n s te i r C o n d o m i n i u m U r r i t e . $ u c h d e t i -be a common expens ie and sha l l be basednuage und iv j .ded in te res t in the commonigned eo the Condomin ium Un i t o f eacha n d p a y a b l e w i t h i n t h i r t y ( 3 0 ) d a y sr e o f . T h e A s s o c i a t i o n s h a l I h a v e f u l I
t , a s a t t o r : n e y - i n - f a c t , t o c a u s e t h ee s t o r a t i o n o f t h e i m p r o v e m e n t ( s ) u r s i n g
eds fo r s \ rch pur :pose noLwi ths tand ingt o p a y t h e a s s e s s m e n t . T h e a s s e s s i m e n tI be a debt o f each Owner and l ien on
m a y b e e n f o r c e d a n d c o l l e c t e d a s i sI n a d d i t i o n t h e r e t o , t h e A s s o c i a t i o n ,1 l have the abso l r r te r igh t and powerUn i t o f any owner re fu€ i ing or fa i l ingssessment w: l th in Lhe t j .me prov ide<1 ,A s s o c i a t i o n s h a l I c a u s € r t o b e r e c o r d e din ium Un i t o f the de l inquent Owner
i a t i o n , a s a t t o r n e y - i 4 - f a c t r P U r -o f t h i s A r t i c l e 9 . A s s e s s m e n t s f o r
be abated dur ing the per iod o frepa i r and recoaet ruc i : ion . The
requ i red to pav to the Assoc j -a t ione requ l reo to pay to t .ne f \ss ( ) ( ] raEror ro r f i l i n g t h e n o t i c e s , i n t e r e s t a ' L t ' h e
) per annum on the amount of the as-b l e a t t o r n e y ' s f e e s i n c u r : r e d b Y t h ec ls der ived f rom the sa le o f such
used and d isbursed by the Assoc , ia -c t , i n t h e f o l l o w i n g o r d e : r :
x p e n s e s o f s a l e ;
o f the l ien o f any f i rs t hor tgaget
t a x e s a n d g o v e r n m e n t a l a s s e s s m e n t s t
e x p e n s e s a n d a I l c o s t s , e x p e n s e scur red by the Assoc ia t ion ;
- z L -
( e ) , J u n i o r 1 { e n sand to ttfe e
( f ) T 'he ba la r icethe Cond$min
3 S a I e o f Pnts on tne
e r s a n d M u I t p r ewo- th i rds the
^ r i + + n r n a r r c i ' i n -
ry to af fect fuch-l l_l:^u"tivefed
I . 2 R e v o c a t i ov i -ded, lh isownerd e e dmin it i o nnotownerm o r e ,
d e e d srnent (i h + a r
eacha l t e rD e c I a
of the Common Are
i t s h a l l h a v $ awithouu the co
and encumbrances i .n the order often t o f the i r p r io r i t y r and
. f - . i - - ! eI r r r l r Y , r ! dt ry , sha l l be pa id too r M u l t i p l e O w n e r s .urn Unit Owner
ampr r n i +
l e a s tprox ia t amay eIbe b ithe dus t rn e c e s s3r l ] r S
ru lecont l200 Iprov it a i nf o r c eandprov
I os s dam4ge.
ARTICLE 10
]SCELLANEOUIS
I L Dura t ion o la ra t ion " Each prov isJ -or i con ta inedln uhisomet i
D e c l a r a t i o n i-F[ETecu to th,e ].aws or ruless re fe r red t ,he ru le against perpetu i t ies or the
b le res t ra :Ln ts o r a l iena t ion sha l I
. I f a I I o f the bu i ld inqs andrey are damaged or des t royed, theOwners , by a f f i rmer t i ve vo te o f a tI vo te o f the Assoc ia t ion to r the i rac t in the case o i : f i r s t mor tgagee)ia t j -on du ly ca l le t l fo r such purpose,
r ty as a who le . Such, ac t ion sha1 lOwners , d r rd i t sha l l thereupon becomener to execute and de l i ver such in -a l l ac ts as in manner a .nd fo rm may bss a l e . T h e i n s u r a n c e i n d e m n i t y , i fro ra ta to the Un i t Owners sus ta in inq
I l fo rce and e f fec t un i : i -J . the yeara t ion is te : rmina ted as here ina f le r
occurs . A l l o ther Prov is ions con-n sha l l conL i -nue and remain in fu l l
in ium Ownersh ip o f the Pro jec termina ted or revoked as here ina f te r
nt . Except as otherwise Pro-no{ be revoked un less a l l o f lhe
a n d a L l o ft rust cover i lng
c lders o f any recorded mor tgage orr a f fec t ing any or a l l rc f the Condo-
Uni ts in the pro ect consent and agree to such revoca-l y r e c o r d e d . f h i s D e c L a r a t i o n s h a } linst rument ( d )
amended un leds t owners represent ing an aggregateip i n te res l Q f s x ty -s ix and two- th i rds percent , o r
s and Fac i l i t ies i ,n the condomin iumholders o f recorded f i rs t mor tgages ort , a n d a l l o f t h e
o f t r us t consqn t) du l y reco rd$d ;sts in the Co$mon
nd agree to such amendment by ins t ru -rov ided. however , tha t the und iv ided
a n t , a n d a l l Q ff t rus t as ex lp res in an amended Dec la ra t ion du lYe d .
Areas and Fac i l i t i .es appur tenant to: rmanenL charac ter and shaf l no t be
ent o f aL l the un i t owners ' thee ho lders o f any r :ecorded mor tgage or
- 2 2 -
;I
I
:II
- 2 3 -
requi red by Assoc ia t ion , and no t ices or demandsLo be ger
prepa id , aan owner sha l l be sent by mai l ,
pos ed in the name of the owner at suchregrs r e d a d d r e s s .
. 4 E f f e c t o f i s i ons o f on. Each prov is ions D e c l a r a an agreemenL, p romise , covenant and
to comp th each prov is ion o f t .h is Dec la ra t ion ,y necessa ry ion or reservat ion or qrant of lease-
h o l d ,th is
e s t a t e , r i g h t r e s t t o e f f e c t u a t e a n y p r o v i s i o n o fc la ra t ion s
Iregis
Iof thundeand
I
otherpro jse t f
a i s t ratr h
. 4 . I B e d e einst rument byt or Ln anyr { . ' ! r n r r a € a
Mai l Address . Each owner sha l lress wi t t r the-Associat ion, on such
orpora ted in each deed, ass ignment o rany r igh t , t i t le o r in te res t 1n the
in ium Un i t i s c rea ted , whether o r no tin such inst rument .
a c c e p t a n c e o f a n y r i g h t , t i t l e o ror in any Condomlnium Unit by an own-r a t i f i e d , a d o p t e d a n d d e c l a r e d a s ah owner , and, as a persona l covenant . ,
o \ {ner and such ov /ner 'e he i rs r p€ f soh-
real covenant by Declarant , for i t . -ass lgns , and a l so an equ i t ab le se r -
caser as a burden wi th and upon the
i n t e€ ! r
s h a l la 1 r e
Assocol9ner
Is e l f ,v i tud+ i + 1 a
a pe rsona le s s o r s n a n d a s s i g n s r d f l d 6 h a I I b ent . to , w i th and fo r the benef i t o f the
at ion but not wi th o r fo r the benef i t o f any o ther
, 4 , 2 B y v i r ts t In the pro
d.eemed acca l covenant obe b ind ing onre f ren la t i -ves ,
. 4 . 3 B e d e ei t . s successo r. running into the pro jec
cov ! a n d a l s o acove nt and serv i
i n i um Un i t .
each Condomin ium Un i t and, as a rea lequ i tab le serv l tude, 6ha l l be deemed aor the benef i t o f the pro jec t and each
d b yR 6
a l i e ncovenan t , ob l i ga t i on and res t r i c t i on
r o f the Assoc iaE j .on , burden ing andthe pro jec t and each Condomin ium Un l t
secuencu r ing the t i t
o f the As
.5 Enforceme Remedies. Each provis ion of th lsDec aL ion w i th re o an
-owner o r mu l t ip le owner o r the
Co nlum Uni t o owner shal l be enforceable by the As-for a prohib i t ive or mandatory in-
act ion to recover damages, or , in theion by a proc
at j .on , fo r so long as any owner fa i l sprov ls ions , by exc lus ion o f such owner
soc ij uncd i scLoandF a c lwithD e c li t s
The( i u
o n o r b y a st lon of the
ly with anyc t t owner 's g from use of any Cornmon A,reas and
roceed ings are ins t i tu ted in connect ioni t i e s . r f
at , ion , ther ights o rcement and remedies prov ided in th is
l ing par ty sha l l be en t i t led to recoverts and e in connect lon therewi th , inc lud lng
e altorne e s .
. 6ne r
o r i n r i i i Associat ion Lien for Comrnon Expensa Con um Uni t may create a or mor tgage
or to the l ie ed of t rust or other encumbrance o f a
y wcepor1 1 :
o l _
whi
€ d ,s u
sug uv e n# ^
chan
f i r s t m o r t g a g e e ) , I i e nCondomin ium Un i t ; p i rovm o r t g a g e s , l i e n s O r e nl i e n o f t h e A s s o c i a t it e r m s , c o n d i t j . o n s , c o va n d o b l i g a t i o n s u n d e ro f I n c o r p o r a t i o n a n d B' i u n i o r c n c r r r n h r e n c e r I e \
at ion o f any improvpmeru n i t . , a I I o f h i s r i o h t .c e e d s u n d e r
" f . I i ; ; ; ; ; ;
o r e n c u m b r a n c e s o n h i s i r r t e r e s t i n ae r d , h o w e v e r , t h a t a n y r s u c h j u n i o rnbrances sha l l_ be subo. rd :Lna ie to anyf :o r common expenses anr f aL I o f thea n t s , r e s t r : j _ c t i o n s , u s , 3 s , , L i m j . t a t i o n s
x i s D e c l a r a L i o n , A s s o c i a t j . o n A r t i c l e sI a w s a n d p r o v i d e d , f u r t ) r e r , t h a t s u c hh a l l r e l e a s e , f o r p u r p o s e s o f r e s t o r _s upor l the encumber red r :ondomin iumt , i t l e a n d : i n t e r e s t i n a n c l t o t h e o r , o _e r p o l j - c i e s u p o n s a i d p r e n i s e s b v t n e
A s s o c i a t i o n . S u c h r e lj u n i o r m o r t g a g e e
" O p i -i f s u c h r e q u e s t i s h o tb y t h e A s s o c i a t i o n a s
e sha l l be f u rn j . shed : t o r : t hw i t . h b . y i er i t t e n r e q u e s t o f t h e A s s o c i a t i . o n , a : n d
r a n t e d , s u c h r e l e a s e m a y b e e x e c u L e r jt o r n e y - i n - l : a c t f o r - s u c h - ! u n i o r .
a b i I t y r I n d e m r L i f i c i t t i . o n . N e i t h e r D e r : I a r -e B o a r d o f D i r e c t o r s o f t - h e A s s o c j _ a . _g e n t o r e m p r l q y s * o f a n y o f t h e s a m e
soc ia t ion or any o ther :
1 0 . 7a n t , t h e Ai i n n
s h a l l b e Ia c t i o n o rI n n n r c c r :
n a n l i
m o r t g a g e e "
I h e A s s o c i a t i o h s ht h e B c a r d o f D i F e c c o r sa g e n t o f D e c l a r a n t b r tt h r e a L o f l o s s a s a r e sr e l a t i n g t o t h e p e r f o r n rc e r n i n g t h e a c t i v i t i e stha t w i th respec t tp th
f h e i n d e m n i f i c h t i ci n c l u l e p a y m e n t o f I i )e x p e n ; e s i n c u r r e c l i n s e
' t h i s A r : t i c I e I p . 7D e c l a . r a n t , t h e A s s o q i a tt o rs : .E the As soc i a l - i nnD e c l a c a n t a n d t h . t i ; ; ; ;p e r s o : I a l r e p r e s e n t a t i v e
1l.B 39ge_ryet,19!9.
e L o a c t ! . / : i L h r e s p e c L L c rn t i t y was r ro t gu i l t y o1 :i n t a k i n g s u c h i l c t i o n o r
owner : tor anya n y m a t t ' 3 r s o
f r aud r g ros t if a i . I i ng r ; 6
L i m i t e ds s o c i a t ia n r ; n f f i
i a b l e t o
o l r n o r c n
o r bad
- T
t
n
r F
h ei 1ori t
u
h
I . L j - ndemn i f ' y Dec l , a ran t , , e rach memb t_ . r o f
. s n o t g u i - l t y o f f r a u d , g r o s s n e g _ L i _h per fo rmance or nonper f ,o rmrrnc" .
o r i n : u r r e d i n a n y f i n a( i i ) r x p e n s e s i n c u r p e da n y p c o p e r t y o f l h a i n A
a u t h o r i z e d b y t h . i _ s A r t i c l _ e _ 1 0 . 7 s h a l Le . r s o n a b l e a t t o r n e y , s f e l e s o r o t h e : :t l i n g a n y c _ L a i - m o : r t h r e a t e n e d a c t j _ o nI y a d j u d l c a L e d _ L e r J a I p r o c r e e d : L n g ; . r n ( ln ! h e r e m o v a l - o f a n y L j . e n s a f f e c t j . n < 1
r i o d o f d e v e l o p m e n t a n d s a l e o f t h oasses isment t t fo r conmon expens ieso f t * h e a c t u a l e ] : p e n s e s i n c u r -
equ i t -ab ly amonq aLI1 o f the owr r -A h n r r r a i # / \ r ^ ^ h + i '
r r ; r s w r r u 4 F l g g n C : L e f i ,
thly'amoun t
h a I I i n u r e t o t i l e b e n e f i t , o f t h eon, the members o f the Boarc l o j : D j_ r€)d_
the employees anr l agents o f thea t i o n , a n d t _ h e i l : r e s p e c t i v e h e i r s , ,, s u c c e s s o r : s a n c l i l s s : i g n s .
serves to the Assoc ia t j -on the r iqh t . ton t s a n d o t h e r e . r s e m e n t s i c o n s i s t e i t
o f t h e p r o j e c t .
I f ) c n l : r r h l - r
t r + ' i I i { . \ r o A c a m
condomin iu i ! us
I 1 . 8 . 2 D u r i n g f h econdorn in j -um un i ts , f t resha l l be bas ;ed upon ther e d , ' r h i c h s h a l l b e a l le r s , l n d s h a l l n o t i n c l .r e s e r y e o r s i n k i n q f u n d
1 1 4
e s t a b L i s hwi th Lhe
a t e d
- 2 4 -
cesses tacons
t o t€ E r
a s s i
th isi d i rand
f,orany
t ionany
d i r
l en tb e e n
t ion
annust ,a t
meett o a
of ,By-
the
0 . 8 . 3roadsl i s hs t e n t
0 . 9 . 3 T h e
/ a \
soc ia t i -ont r a c t anc t assume
pol iments
DecIaererving
easementwith
0 . 9 G e n e r a l .
0 . 9 . I T h i sbenef i t o f
t he he i r s ,of each of
0 . 9 . 2 I n v a lDeclarat ion i
or enforceab
ntrhi ::1::. the righr ro dedicate any ac_project for and to publ ic u"e; ioservat ion6, except ions and .*" iu" iorr"qomrntum ownership of the pro ject .
at ion sha l l be b ind ing and eha l l inureec la ran t , the Assoc ia i ion and . i "h o*n_per ona l r ep resen ta t i ves , successo rs andth
i tvwh
l i t
or unenforceabi t i ty of any provis ion ofI e _o r i n pa r r eha t l . l o r " i f ! . i
t i , ! " " r_of any. other prov is ion or any
"" i iaa provis ion of th is Oeclarat i .on.
and_headings in th is inst rument aresha l l . no t be cons lde red i n . on " t ru i "gla ra t i on .
enforce. anl t prov is ions of th is Declara-n.g-a waiver of any, such provls lon or oft h i s Dec la ra t l on .
fo rceab le pa o
ven lence onov i s i on o f
O . 9 . 4 F a i l usha l l no t opether p rov is io
0 . 9 . 5 T h e p of th istal to the
te of New
y a1 S
o f
, to and supphip Act of r
Declarat ion shal l be in ad-New Mexico Bu{ ld ing Uni tMexico and any ameidments
Lienhol
. 1 0 . 1 A n ylen on any
Ied with th
( a ) r n suring normal
!4 Non-Disturbance e e m e n t .
q E
+
v et e
e^ t
:f : : i l :t morrgage or orher equiva-n lum Uni t r whoee name and addrdss has
ia t i on , sha l l be en t l t l ed t o :
books hnd records of the Assocla-hou rs ;
upon.w_r i t ten request , a copy of thenc wl tnrn a reasonable t ime af ter s l rch
accepted by the Assoc ia t j .on ;
upon wr i t ten request , a not , j .ce of aI I] .on and to designate a representat ivengs t
meet lngs to be hold for the purposeendment in i lhe Declarat.ion, ihe'of Incorporat ion of the Associat lons
the e f fec tua t ion o f any dec ls ion bynate any pro fess iona l management con_nagement o f the condomin ium pro jecr .
upon request , copies of insurancehe Assocj.ation upon the Common Ele-
coverage and l iab i l i ty , and copies
-25-
( b ) R e c ef i nanc ia l s
t is prepa
( c ) R e c es of the Asn d a l l s u c h
( d ) N o t iing any mater
, gr the Art
( f ) R e c ees main ta inedf o r f i r e , e x
Not
e s
any f isucha loanan lounct h e 1 e
a mort
' l i a n
successub j ec
the eo theri f t i r
r ights
I
r e c ol ' lexico
the ri t to cause con
icers o r employeer : . The amount o fadequate by the lender by mak ing
coverages sha l l no t be reduced insuch loan w i thout p r io r consent o f
t sha l l ob ta in f rom evegy ho lder o ft t h e D e c l a r a n t ' s i n t e r e s t , a n a g r e e -
a fo rec losure o f such mor tqase or :rs sha l l no t be d is tu rbed and a
t sha l l take t i t le to the proper tyI r igh ts o f any Owner .
p le Owner who mor tgages h j -s in t .e res t :om hie mortgagee an agreement that j_n
o f the mor i tgage, the r igh ts o f t 'hethe Un i t sha l l no t be t l i s tu rbed and
forec losure o f i t mor tgagee, thek e t i L l e s u b j e c t t o t h e c o n t r a c t u a lp l e O w n e r s o f t h e U n i t .
tu rbance ins t rument sha l l be inbe recorded in CoLfax County , News h a l l b e d e L i v e r r : d t o t h e A s s o c i a -
ARTICLE 11
ERVED TO DECLARANT
arant reserves to i tse l . f the' L i 1 r . i + | 5 + + - ^ l . r e d h e f e t O ._r-,
d d i t i o n t o t h e e a s e m e n t s r e s e r v e d b yt h i s A r t i - c L e 1 1 , D e c l a r a n t r e s e r v e s
t ions to be made, w i th i .n sa idserve o ther lands owned bv
of the Rea: I Proper ty .
s to deve lop add iE iona l . condomin iumthe rea l p roper ty . I t i s p ropose<1a s s o c i a t i o n p r o v i d e d f o r h e r e i n s h a l l
f u t u r e p r o j e c t s . A n y s u c hde fo r .ownersh j -p o f common areas andghts , based upon square i foo tage ina ted condomin ium req imes.
A R T I C L E 1 2
SERVICE OF PROCESS
bonsh
n i trh
Thrt-
theL ! ^
the
1i n a U
h e D
Everl o b
forOwn
a n s f
othe
Them a nr m a
copy
e a sD e c I a
un i t sthat t
conso l€ : n i l
the
t e , f o r u t i l i N e sn t i n t he v i c fn i t
t ) a ^ 1 A F A h + i h + a h
n l a n d s a d i o i h i n qe conqom].nJ.um and
I ida ted w i th sucdat ion sha l l p rovies , and vo t i f ig rt s i n a l l c o n b o l i
.1 fhe In l t ir t h y , , J r r 2 2
1 .n+
t for servi.ceo S t r e e t , S a n t a .
oJ Prosess is ,JohnFe, New l , lex ico .
- z o -
t ionDec laran t has exercu ted th is Dec la ra-
1 oAt r
B y :
BAILEY-MERTZ ANGEIJ FIRE VENTUREa New Mexi.co partnership
t waa ackrrowled<led bqfore me by. a genera l par tner o l :
OF NEW MEXICO )) s)
Venture, a New Mexico partnersh_ip, Jio^rrtnership, this J f-- day of (1rit^f
U
er tz Angeb e h a l f o f s a
1 0 4 1
Lss ion nxp l r {a :
I . T h o fl lk "
e a s
o a
l a n d _ b e i n g p a r t o f L o t e 1 , 2 , 3A n g e l F i r e V i I I a g e U n i t T w o , ' ,
be ing more par t . i cu la r ly descr ibed
corner o f .Lo t 4 o f B lock , 'G , ' ,
fee t to the SouCheast corner o f
85 fee t a long the Eas t l ines o f Lors l
and aCoI faxa s f o l l
B e g i n n i
ThenceL o t 4 ,
fhence
Thence
fhence
Thence
Thence
fhence
T'henceof Lo t
Ttrence' I
6 0 ? ? r n
ThenceLot 4 ,
T h e n c e ,beg inn
Conta i
Togethu s e i n
h e r e o f "
I I . EMENTS GRATIT
ROAD ON THE
inning at the Norsa id subd iv is i lon ,t a long the e{s ta p o i n t ,
t o a p o i n t ,
to a po in t ,
to a po in t t
to Er point,
to a po in t ,
to a po in t on the West l ine
1 4 " 4 1 ' 2 2 " w .part o:E Lot
T q o t Q r ? Q r r r 7r r t
1 4 0 4 r ' 2 2 u E ,
2 3 ' 4 r ' 2 2 " E ,
6 6 " I 9 ' 2 l ' , w
3 3 " 4 r ' 4 9 " E ,
5 6 ' r g ' 2 1 ' , w ,
00 fee t
85 feet
O f c a +
60 fee t
0 fee t
2 fee t
z + 2I
L Z )
245
5 8 .
t 6
1 2 .
. 3 0 3 a c r e l
h the folla re reseqdec la ran l
3 n o n - e x c l u s i v e e a s e m e n t s r r i g h t s o fto Ba i ley -Mer tz Ange l F i re Ve i tu re ;
t along a curve wj.th a delta =fee t to a po in t ,
8 feet to t tre Northwest corner of
.00 fee t to the po in t and p lace o f
o r l e s s .
easements descr i t red in Sec t ion I I I
I J I D E :
a curve to the left with a= 148 . 17 fee .E
" to a
ss , egress and park ing on and over. e ? s t o f B l o c k , ' G , , ' A n g e l F i r eiv is ion , Co l fa . : r eounty , New Mex ico ,l y d e s c r i b e d a s f o l l o w s :
heas t corner o f Lo t 3 B lock , ,G ' ,t l r e n c e N 5 8 ' 3 3 ' 2 2 " E , 2 f 9 . O gi n e o f L o t s 4 & 5 o f B l o c k " c , , ,
a
AnaV1b e
fe
Thd eE v
a r a d i u s
, 2 0 7 . 3 6 f e e t t o a p o i n t ,
a curve to the left withd i u s = 1 5 . O O f e e t , t o a
, 78 .97 fee t t o a po j -n t ,
, 49,74 feet . to a point ,
, 250 .00 fee t t o a ; : o i n t ,
19nS a curve to the rightd i u s = 2 0 8 . 1 7 f e e r , r o a
, . 1 9 5 . 0 0 f e e t t o e i p o i n t ,
, 1 7 2 . 6 0 f e e t t o e L p o i n t ,
, 5 I . 7 9 f e e t . t o a p o i n t ,
ong a curve to the lefta d i u s = 2 5 . 0 0 f e e t , , t o a
a;rc j.nt,
with ap o i n t ,
with am i n +
rong a curve to the r ig.htr t r d i u s = 6 0 " 0 0 f e e t , t o a
, I 3 1 . 6 3 f e e t t o a p o i n t ,
with a
n P ^ n r n n
easement fo r {ngrract of land $eine Vi l lage Uni+ Twe par t icu lar l l i de
inning at the Norf Anse1 Fi re \ | i r I
n c e N 3 1 " 2 6 ' 3 4 , ' W
ng a curve to the r i chrc l i u s = 6 0 . 7 4 f ; ; 4 , - ; ' ^ ; ;
, 2 0 . 0 0 f e e t t o a p o i n t n
4 . 5 . L 7 f e e t t o a p o i n t o n t h e
1 3 5 . 3 5 f e e t t o t h e p o i n t , a n d
ssr €9x€se_and pa : :kJ -ng on andpart
-of Five Spr:ungs Road in, Col fax County l W.* Mexico,: r i bed as f o l l ows ;
hwest corner o f Lo t 5 o f B l_ockg e U n i t 2 ,
with ap o i n t ,
n l
A n
F imo
Th
Th
Ange l
n c e S 5 4 ' 4 0 ' n 1 " *
n c e 1 3 3 . 8 5 f e $ t at a = 4 1 " o o , o o ' ] , r
2 6 . 8 7 f e e t t o
2 7 8 . 4 9 f e e h t o
ong a curve to
a p o i n t ,
a ; ro in t ,
ther left with a: L u s = 2 1 5 . 0 0
ence
ence1 l ^
i n *
e n c ea c e
oNrI
oNfIe
s 1 .3 o 20 '14"
s 7 5 ' r g ' q g , '
N 7 .4 '4 r , 42"
1 3 7 . 8 1 f l e t= 4 3 . 5 2 ' O q , "
5 8 " 3 2 ' 2 2 "beq inn i ]nq .
ROAD ACROS
n c e , s 3 2 o 2 8 , 5 1 "th l ine o f Lo t 5
UTIL]TY AN
, 1 9 0 . 5 5 f e e t
, 4 0 . 0 0 f e e t
| 245 .85 fee t
Iong a curven<l a radius =
to a, poj_nt,
to a po in t ,
to a po in t ,
to the1 8 0 . 0 0
rig'ht withfee t to a
point andNo f
, 2 L 9 . 0 8 f e e t t o t h e
e$ more or . Iess .
easement fo r inq s and egress on and over act of land I1/ ing
I l a g e U n i t S uxico, being mfre r t i cu la r ly descr ibed ie fo l lows:
w i d e b e i n g 7 . 5 f e e t o n e i t h e r
i n L o t 5 o f B l o c k " G , , , A n g e l F i r eC:Lv is ion , co l fax County , l , lew
cr ibed center l ine comrnenc inq a t
, 27 .OO fee t to the po in t and
s l d e! L ^u l t c
r u + . b ) t e e tthe end of
poirrt on theeasr :ment .
L V d
thls
m a h + ] n n
fo l low ingrner o f Lp
+ho nn i n f r
F q t r n nu . ,
e a s ethe
I + ^
3 8 "
e a s ethe
t t ol Q r l
f ed ef
f
fed e
f
t w i d e b e i n g 6 . 0 f e e t o n e i t h e r s i r f ec r : ibed center l ine , commenc ing a t ther t h e n c e S . 1 4 o 4 1 ' 2 2 " w . , 1 3 . 3 3
E EASEMENTS
p l a c e o f b e g i n n i n g . T h e n c e , S . 7 5 "t to the end o f th is easement .
w i d e b e i n g 5 . 0 0 f e e t o n e j _ t h e r s i d ecr : ibed center l ine , commenc ing a t t ihe, t h e n e e s . 1 4 - 4 1 ' 2 2 - . w . , 4 2 . 3 3
p l a c e o f b e g i n n i n g . l p h e n c e , S . 7 S oet to a point being the end of this
. 3 3 f e e t t o a p o i
. io ;;;i t; i4;-3 n c e , N , 1 4 ' 4 1 '
-2? : .4 r ' - ?? ' . ' , 4 . 'e n d o f t h i s e a s
S RESE
MAIN UTIL I
18 FOOT P
inn ing a t a 1 na r s S 7 5 o 1 8 ' 3 8
I tT^7
L t
0 ,
ll r^t
n c e s L 4 " 4 I ' 2e n c e N 5 I o 0 B ' I
c e N 1 4 ' 4 1 _ ' 2
i n n i n g .
e n c e N 2 3 " 4 I ' 2c e s 6 6 " 1 8 ' 2
e n c e S 2 3 ' 4 ! ' 2
O f e e t w i d e a n d b e i n g 2 . 5 f e e tfo l low ing descr ibed center -
t h e N . E . c o r n e r o f l , o t 1 , B l o c ke V i l J .age Un i t Two, Co l fax
fhence, S . 14 " 41 . ' 22" W . ,t . T h e n c e , S . 7 5 . I B , 3 9 , ' E . ,in t and p lace o f ] req inn inq .
" E . , 2 4 5 . 8 5 f e e t . T h e n i e ,8 .40 fee t to a po j -n t and be ing
. eorner o f Lo t 3 o f sa id sub-4 6 " l 0 ' 3 8 " E . , 4 e r . 5 0 f e e t t o3 ' 4 1 ' 2 2 " W . , 6 . a l T f e e t t o a
1 8 ' 3 8 " W . , 5 2 . 2 8 f e e t t o afee t a long a curve w i th a de l tain t and p lace o f t reg inn ing .
EMENT
a. l la t ion and main t ,enanceo:F land ly i r rg in l ,o ts I ,e V i I I a g e , U n i t 2 , C o l f ; r x
r t i c u l a r l y d e s c r i , b e d a s
on the East boundary o:f Lot I , fromcorner of th,e property described ina r s S . 1 4 o 4 I ' 2 2 " w . , a d i s t a n c e o f
po in t and p lace o f beg inn ing , thence2 . 4 1 f e e t t o a p o i n t , t h e n c e , N . l _ 0 "t to a po in t a t wh ich is Located a1 < l ; t h e n c e , N . I L . 4 7 , 4 7 " E . , a d i s -to a l rc in t , thence , N . l )9 . 24 ' 11 , 'po in t on the Nor th boundary o f Lo t 4 .
J\ND ACCESS EASEMENT
I I I .
Y
N0
i
E
( ) f u t i l i t i es2 , 3 a n d 4 ,County, New
fo l l ows :
of tot 3
p l a c e o f
f
f
ttt
b
:From whence the NE corner:2 l i . 0 0 f e e t .1 9 5 . 3 4 f e e t t o a p o i n t ,4 2 . 9 4 f e e t t o a p o i n t ,1 5 5 . 2 5 f e e t t o a p o i n t ,5 : i .68 fee t to a po i -o t ,I U . 0 0 f e e t t o a p o 5 _ n t ,5 {1 .50 fee t to the po in t and
' r ' i .
ll l'
l .
( )
i ss ion Exn i re f :
REFERRED TO HERE, records of CoIst ing of sheels
STATE
COUNTY
I
t.he un
n l e n i
A n a a l
Const r
PIa
BSCRIBED
NEW MEXICO
cer t i fy that fh is f loor pLan depict$ the indiv idual urr i ts ,
t des igna t i on$ , the d imens ions o f the un i ts and t t re
a copv o f po f , t io s o f the p lans o f The l , i f t Condomin i .um,
i r e , N e w M e x i q o ,
t i on I ndus t r f es
e and Indus t r l r , a the County Comm:Lss ion o f Co l fax County
. DeLAPPEngineer and Land Surveyor
s f iLed with and approved by the
iv is ion , New l lex ico Depar tment o f
to bef ore me t .h is J6- aay ot
1 9 8 r .
are the P lans f i l -edCounty , New Mex ico
1rI Condominium flooAugus t 5 , l 98 I
through 3.
EXHIBIT 2
* ^,rqr*
qNrxt Nor,
t-t\2-A
. 3*A4-AI -B2-F,3*B] - C -2-CT-D2-D3-l)i - I i?,-a3-D4-115-E6-F7 -tt8-A9-r':
IO-IJI-P2.F3-I't.-G2 . Gt-G
' 4 - ( l - _
,IREA INI ;Q. FT,
l6 lCv. 1 6 3 ? '16321 6 1 61 5 6 083 4 . '716
1 5 5 51.56 II 5 4 8-6ta-71e? L 4I 3 l710.83 r?t"08 3 I7 1 08 3 t7 t I830,
Im'ts-15441 5 4 gI 6321 6 I 6I 6 3 2r 6 t 6I6 t"6I 6 I 6r 6.161 6 r 61 6 1 6x6r6
1 Oounle
0 , 0 3 6 i l0 ,03 ,6s0 . 0 3 6 S0 . 0 3 6 40,035.7 .0 : . 0 I g g0 , 0 1 6 I0 . 0 3 8 30 . 0 3 5 2. 0 . 0 3 4 90 , 0 1 . 9 60 . 0 1 6 00 . 0 I 6 10 , 0 l . g g0 . 0 t , 6 00 . 0 t B 8 '0 , 0 1 6 00 . 0 l g g '0 , 0 1 6 00 , 0 1 g g0 . u l , b u0 . 0 1 8 70 . 0 3 5 L0 . 0 3 4 90 , 0 3 4 90 . 0 3 6 90" 03 ;640 . 0 3 6 S0 . 0 3 6 40 . 0 3 6 40 , 0 3 6 40 , 0 3 6 40 . 0 3 6 40 . { J 1 } 6 40 , 0 3 6 ; 4
sA!$ts1.58, 5*;0. ,00I55 ,0d.0.00.155,'0{l:0.. 0,0t 53 r 5fig;.00l4.Sr'?60. 0(rI ts3,r d00, 007x,60o, ,0s
l . tg , ,6?5,,00I {g ,eg :5 ,001,4? r,06O..'0082 r 4 :00 .0Ct7 l , 2 0 0 . , 0 07 l , 4 0 0 . , 0 0R3 r1.00,"Q07r ,00 i0 ' .0083 r1. .0,0.00717,0'00,00g,3 r I00 .00?.1.,;,000 " 0083 rI '00,,0CI7 l , Io0 . ,00.83 r'0OO.',,00
1".4V t0:?0,.00L46,169,0," 00L4 7 ,0,60. 0ol5:5' $:{Q . $g;l6 3., 5AO,. 0.(rL:55 ,0,4,0 ,00I $ 3 r $ ' ? 8 , 0 015 3, 5 i l0 ,00Ib: f l , r52CI.00r53,1.580,.,00I 5 3 , 5 ? 0 . 0 0X,5:3 r 5?0 .0t1l!5,3., $t0', 0(t
*fna_ Lr
k-'-
5*Gtr-G1-H?,*ll3^I'l4 . IT
hry T%1 '|n aT*- ,trc.'*4,
&.''tn=
)N
T h e n a m e o f t h e o r g a n i : : a t i o n s h ;A s r ; o c i a t . i o n .
D r r ( i o n d o m i n i u m
A R T -
oB.
+ . T h e p u r p o s i e f o r w h i c h L h i si s t o g o v e r n t h e c o n d o m i . n ' a t l - o n i . s f o r m e dsubmit led ro r le provi" i ; : :*"! ' ! iq: i { , ,* l : i?. :" ;"?i :1"; . . , ,oi i i uJo w n e r s h i p A c r b v t t r e r e c o r d l : :
: t ] : l 4 " o " " 1 a r a t i o n - a n a a n ) / s u p p l t : _l : ;".."..1;:i".:1.;"irff,ninilu^ll i . i ;n;;{^er.,ts rhereto beariirs ri., i ,-
-
2 . A I I p r e s e n t o r f u t u r e o w n e r3 . n y o t h e r p e r s o n t h a t m i q h t u s e
r e t e n a n L s ' o r
::".fl:'::il:,:?:l::r":l F::.fl;?:. i'f:;':i:'sloli,,.t i o n o r r : e n t a 1 o f a n y
- o f
- t n " c o n
r h e m e r e a c q u l s j . -f e r r e d t o a s " u n i t s , , j ; ; t h e m e r
r e r e i n a f t e r r e _
;?it=,,3'. l l^i in,3o"Ir: l: ' these Bv i5,":. i l lr3ut;i i i '
A Ri I IC
I ' I E M E I E R S H I P , v o T I N G , M A J O I T I T . { u M / P R O X I E S1 . M e m b e r = L i p . R e c o r : d o w n e r r s lr e e i n G ; . e E E - r " .
" ; ; J ; ; , ; . i ; - ; ; , r l e o r L n d i v i d u a l
requi red in order ro q , , i i l rv ro i l? : " l j : , fT"1 i " . .Any pe rsc )n on becoming ; rn owner (a u t o m a t i c a l l y b e c o m e i - n r e m b q r o f
n l u m u r r i t s h a l lt o t . heqe . ny - i aws . such ' , i emners r , : and be sub j ec tf o n n a r a s s o c i a t i o n u . i i . , r , - w h . e n e v e
e w i t h o u t a n yc o n d o m i n i u m u n i t , b u t s r - r c h t e r m i l
' l s e s t o ' | c w n are leas ie _ any such f o rmer owner f r<
re l - i eve ( ) rincurred under or in a ,ny *u, conr ;L , : : l l . : io .nro lur_i n g t h r e p e r i o c r o f s u c h i , w n e r s r , i p n t h e F r s s o c i a _t i o n , o f i m p a i r a n y r i g h l ; o r r e nh a v e , e i t h e r t h r o u l h t . h ; , - e o a r a . o i u n j - t o w n e r sd i r e c t l y , a g a i n s r t 6 u c h ' f o l m e r o w r : _ l " s o c i i l t i o n o ri n a n y w a y c o n n e c t e d w i t h o w n e r s t
r s l - n g c r u f - o f o rnan ts and ob l :Lga , t i ons i nc iaen t t h
p and the c<>ve-
l
2 . V o t i n g . V o t i n g sund ivFa &-Tn teres r owncommon e lemen ts . Cumui n g i s p e r m i t t e d .
3 . M a j o r i t y o f U n i tt .e rm 'mf f it h a n f i f t y p e r c e n t ( 5 0genera l cbmmon e lemen
4 . e u o r u m .
p o n t h e p e r c e n t a g e o f t h eowner i n a l l o f b .he gener :a l
r s p roh ib i red bu r p rox f ; ; i = :
ed i n t hese By -Lawsr themean those owners o i moreided ownersh ip o f t he
<rv idea \n these By=Law_s ^___theb e r s _ h o l d i n g f i f t y - o n e ; ; ; : -
sha l l conS ' t i r u t . e_ u qu " l ; ; r - t )t h e u n i t o w n e r s p r e s e n t ,be requ i red to t ra ,nsac t t he
r
The owner r i o f t he condomin_t i o n o f u n i t O w n e r s , h e r " i , . ,
- l 1 t : - . ! : r e s p o n s i b i l i t y - J ta r o o t D i r e c t o r s , h e r e i n
preseFcEf-Irr-c e n t o f t h eAn af f i rmatw h e t h e r i nb u s i n e s s o f
Ex cep tP e r s o n o rv o t e s e n t i
t v e v o t e o fpe rs ion o r
b h e m e e t i n
A s s o c i a t i o n R e s
D e c l - a r a t i o n f o r T h e L i f
2 . p l a c e o f S e e t i n g .held EE-FGffi-pJ_ace wi rhthe Boar ( l my Sutur * inu . '
a n n u a l m e e t i n g s o f t h eo f e a c h s u c c e e d i n g V u i ,b y b a l l o L o f t h e 6 * " " r "requ i remen ts o f Sec t i o r i .owners may a l so t ransacas may proper ly come berry-Lav/s refers to the D
h e A s s o c i a t i o n s h a 1 I b ei r e S L a t e o f N e w M e x i c o a s
A D M I N T S T
l 1 b e h e l d o i t . l , . . . . . . . ' " . . . ; . . - - ,i.ngs there straTf-fF elecE6.Aordance w i th theV.o f t he By -Laws . Thes t n e s s o f t h e A s s o c i a t i o ne c l a r a n t n a s u s e d i n t f r e s ein the Condomi .n ium
) 1I
t h e r r : o f . t J o b u s i n e s st r a n s a c t e d a t a s p e c i ;
h e n o t i c e s h r a l l b eo f t h e o w n e r s p r e s e n t o n s e n t o f t w o - t h i r d sm e e t i n g s ; s h a l l b e h e 1 <
b y p r o x l r ' A n y s u c hd e t e r m L n . "
" i t i r i n t h i r
t n e a s t h e p r e s i d e n t
o f such ; ; " ; i u r i on o r ce i_p t bJ , t he p res iden t :
5 . N o t i c e O f M e e t i n <or aerri€iidffii.. :11r"fi::;?rll,,,E.Tiil:;dp l a c e i t i s t o b et e r e d a d d r e s s o f e a c h
t h i r t y ( 3 0 ) c l a v s , -t i ce i n t he man-n , r r
c o n s i . e r . e ' n r . r { _ i n a s r " t r : h n o t i c e s h a l l _ b ec o n s i d e r . e d n o r . i . c e s € r V e u 2 d r l o c n e c e 4 r i r i . . t E " l r ? t ; : t : : " : : ? : : r o , tt h e i t n o t i c e w a s ' d u l y g i u e n " ; - i r - b J - i r - i * " f a c i a e v i d e n c e t h e r e o f .
6 . A d i c r r r r n r r A M a a F . i ^ - ^6 ' A d j o u r n e r g - M g e l i n g s . r f a n y m e e L i n g o f o w n e r s c a n . o t t r e o r -3:: ' : :5T:i l :3 leaTn has .nor arrdnded, rhe owners wrro arep r e s e n t , e i t h i e r i n p e t r s ) D o : . r r y p i ? I y ; m a y a d j o u r n t h e m e e t i . n g t oa L i m e n o r a u , : j l _ r h a n f " : - a y : . i ' h t ' i t d j ' t r o u r s f ' o m t h e r i m e r h eo r i g i n a l m e e t i n g w a s c a L I e a .
' \ - v l
l . O r d e r n f F l r r q i h 6 d r m L ^/ . O r d e r O f R u s i n e s s . ,t h e l o " , , " F f f l . f f i - . r r ; : " , ' : ' ? : [ ' . 3 [ - , b u s i n e s a t a . l 1 m e e t i n g s c r f
( a ) R o 1 1 c a f L a n d c e r t i E V i h f l p r o x i e s ; .( b ) p r o o f o f n o - t i c e r o f t ' . u F i . ; - o r - * . r i " u , o f n o t i c e .( g ) R e a d i n g o f M i n u r e s p f( d ) R e o o r t s . . , F n f € i P } : e c e d
r n g m e e t i ' n g s "d ) R e p o r t s < > f o f f i c e r s .e ) R e p o r t s o f c o m m i t t e b s .f ) E l e c t i o n o f . m a n a g e r b ,
( g ) U n f i n i s h r : d b u s i _ n e s s .( h ) N e w b u s i r r e s s( i ) A d j o u r n m o n c .
x P e r f o r m a n c e O f F u n < : t i o n s B Dor . I r ^ n F I t h e r i g h t s i , d u t i e sand ffincltfons oF rTe-ECEe x e r c i s e < l b y t h e D e c l a i e r n tD r r e c t o r s ; i n t h e A r t i c l e , so f t h r = e n t i r e c o n d o m i n i r u na l l c o n d o m i n i u m u n i t s h a , v e
s h a I I , q tb y a n d F h r
of r rncor lporp r o j e c t l l 1 a s
b e e n s o J d .
A I I T I C L E I V
E.OARD OF' Dr oRsI . N u m b e r a n d l - ) r r a ' l i f i c a t i o r r sr h e'1-snrffi####+""
"s-f;:; " oT
h e D e c l a r a n t I s ; o p t i o n , b eu g h t h o s e p e r s o n s n a m e d a st i o n u n t j . 1 L h e r d e v e J - o p r n e n tb , € € n c o m p l e t e c l a n d u n i i t
Dec I a ran te Board as
s h a l l e x e r c i s ePrc rv ided the re i r r
- 3 -
f i +j -
)
by . I , d t h rough the pe ra s t h e D i r e c t o r s u n l i lA s s o c i a t i o n . A t t h eLhree members o f t hea f t e r g o v e r n t h e a f f a iso rs have been -du l y e lt o rs may be i nc reasedm e m b e r s a t a r e g u l a r o
2 . Powers and D u t i e s .dut ieEl@s o c i a t i o n a n d f o r t h e oi u m p r o j e c t a s a f i r s t _S u c h p o w e r s a n d d u t i e sb e l i m i t e d t o , t h e f o l l _o n b e h a L f o f t h e o w n e r s
( a ) T o a d m i n i s L er e s t r i c t i o n s , e a s e m e n t so t h e r p r o v i s i o n s s e t f ot . i ng the p rope r t y t o ths h i p A c t o f t h e s t a t e oL i o n a n d s u p p l e m e n t s a n
( b ) T o e s t a b l i s hr u l e s a n c i r e g u l a t i o n s at a l s , u s e a n d o c c u p a n c yr i g h t t o a m e n d s a m e f rr e g u l a t i o n s s h a l l b e d eadop t : l . on the reo f .
( c ) W i t h t h e a s ss u c h c o s t s a n d e x p e n s e so r d e r , c o n d i t i o n a n d r ee l e m e n t s a n d a I I i t e m s
( d ) w i t h t h e a s sa n d k e e p i n s u r e d a l l o fcondonr in ium un i t s i n a , iv a l u e . T o i n s u r e a n d kcommon eq 'u i t rxrent and cthe owners o f t he condF u r t h e r , t o o b t a i n a n dc o v e r i n g t h e e n L i r e p r e
( e ) W i t h t h e a s s ia budge t f o r t he condo in . im ine the amoun t o f t he cowners to mee t Lhe com a x p e
- 4 -
1 nrqeen9E O
4ssqar4 vr a { -
rr7
i a tr dl e n- rp f
"IFor
' r r 6
, . i { - ,.r r. u(
I F (
. Y ,: F 1
d n l
r g e s+ l .I
r r E' I m E
. 1 . ^ . 1r [ d . r
r+ t^ ^
l ^ :t - h9 r l
a r q' 1 - *
f l heh l al 1
a l-1 1
> c l
Tlpr
I
4irfu4
I '-lE
1e
l f (' F
I n (
. d r
. tnt
Y T
ml:
I
: I
t
o n
+t
I J
$
qr l
CL
flf
r !rqI: lr q
)q.
F I
r l l
r S l
df r
t i rn l
S
q l
y im(
)a rs t r
a rs i c' \ : v
I 1
lo rL i nl e
L o nr i cr n t
n o
r fr lr E
fr Q
o fv
fr a lq u ied
i t rcor
f rI e i) g r
a c
I S l
t a
5 C '
3o;r l l
r f cl _ l
. L ^
. . i ^' I L
r x i
rndn
o f
o r
o fh o
on
o ft 1 F
eqre (s o rn i t
c (
) f1 ,- L t
> D C
: A <
lmeoL r s tne et: i o n: h i srnd: b y. a I
r B o. n i so nr c q
Bo ia 1
en f<f
t L .
t h (i s i <Mex idme l
: n .
) e r1. o ft o
I o r
: o f; l - .^
Y P E
L I onon
> o ft s u r: e q; u r e) r s o
u t l r
. l t u
: U L
+ . 1 ,
A S S I
r D S €
' ' l r
mer t it.han
' A
i a
A
i ni o r
r r^ l
h e
e r
n tr z i sMe
n . l -I I q I I
l-re1 1 .: + .: d
r \.t
r ' l ' l
lmo
d l J
r l -
S Ur e f
I t
i n
e (^ LO L
a :A h ,
rhi r
s n ae f iS tc i a tof t.
te d af i v e
S pec i
Thea d m i Erla
r n d' I a l a
r r!: l
i ' rr - pr nFl
' - Yl m ' l
' Y '
/ r r p
l L p
I A r
r e q (i + l
I rI J r
t l r (
t1. l-T 'r'l (
f rp e r
{11^ l n 1a v ru | lC an d lL D ]
v r t l p
rh3 a s: S S
S O
i n g ,f
au
n d
th
S E S
t hpN
t h
e wq l t t
ake
e
fI
f
mm
o ft
i v
r r ! . 3q L I
A S S
t h e
ay l-)a I l .
r I | ' l c
e red
s tanc eas maya i r a I If common
n c e
o ir'ntI n s
l - r
he
pon pe
um{ - ^ . ;L C t L
S C S .
t a n c1 q l t o
mon
n ' l
! l l
I
,a l . J, v ce t i
. l c
a t id n6 h F
d so fC o m
^ 6
. i r ^L l-cl
S O
) ,- !) L
I h F ,
r a c ,
: h eLmena i .
. t ^ ^
l a r \ r
t h (r ] . a / '
: h e1 ^
1 ra l l'l .r t
c l l .
p r €
L ^
s tsmeo f
e
S
Ivt
tI
f) i
:L C
I
+
t lr c
I A
r 1
e
hS
A
I
a .
r
D 9 .
ha l l _hqVu the powers ando n o f t h e a f f a i r s o f t h e A s _
in tenance o f t he cc ,naomin . -l : , t ,
.? "Uomin ium proper ry .a I 1 . i n c l u d e n b u i
" r , u i i ' r , o ti c h s h a l l b e d o n e t o , u " ii r r i u m u n i t s :
n e B y - L a w s o f t h e A s s o c i a _ .c r r a i n
r c e c o m p l i a n c e w i t h s u c ha r y f o r t h e o p e r a t i o n , r e n _condomin i r - rn un i t s w i l f , t ; ;
- a c o p y o f s u c h r u . l e s a n de d t o e a c h m e m b e r u p o n [ i .
I ' l a n a g i n g A g e n t , t o i n c u rs s a r y t o k e e p i n q o o d
g e n e r a l a n d l . i m i [ e c j c o n m o nn a L p r o p e r t y .
I ' { anag ing Agen t t , t c r i nsu re
M a n a g f l g A g e n t , t o p r e p a r eannua l l y i n o rde r t i r dE t " i _ -n l s p a y a b l e b y t h e u n i tLhe condorn in ium p ro jec t ;
m e n t s o v e r e x p e n s e s ,d e f e r r e d m a i n t e n a n c e ao f each ope ra t i ng yuu .wnenever . i n t he op in ioo r d e r t o m e e t i n c i e a s ec o s r s r o E a d d i t i o n a l c
M a n a g i n g A g e n t b y s u i tt r o m a n o w n e r a s i s p rL a w s . T o e n f o r c e a i a ta n d t o c o l l e c t i n t e r e s i
( f ) Tt r co l l ec t
T o e n t e r i n t o
a n n u m i n c o n n e c t i o n w i t
( g ) T o p r o t e c t aa n y p a r t o r a l 1 o f t h eb y s u i t o r o i l r e r w i s e ,
( h ) T o b o r r o w f uo r o y t l u y r e q u i r e d p u r sp r o v i s i o n s o f L h e r e c o re x e c u t e a l L s u c h i n s t r u? o 3 l d _ m a y d e e m n e c e s s a ro e D r e d n e s s s h a l t b e t h ei n t h e s a m e p r o p o r t i o n ae t e m e n t s . T h e p e r s o n smisso ry no tes and s t . cu r iS e c r e L a r y o r A s s i s t a n t S
( i )p o w e r s .
( i ) T o e s r a b l - i s ht r e a s u r y a n d f o r a l _ L s ed e e m e d a d v i s a b l e .
( k ) To make repa imenLs to l t he genera l com
. L -' + r d
F (bvr'l e' r (
t a -ec(anc4rc
O I
b o' t -f n
l F SlMm-
f
f l l r
I F Sr n p
F l
4tp l
r i t
a IF l a
r { n i' t " '
l l a
r o J: - -N A" ": N F
)Pn; w
, E To
A C
n o
f t:
n r (
a Y I' I r
i ,
1 r c
j n I- +
+rl F
' ] TI
F 1r -r l v
N A
A N
? l
)u r3 t
P N
Ire^ t
r
t t
n lt l L
I ]
um
i e r
^ ^ t
) D tn i
L
l m t r
u 5
moncomm
a n d1 5 ei t ocapr e p
Levyl e Br t i n ,e x p
r e n tr e r w :i n l
' g e (r e E iS S M €
o r t rn eysowe It e n ai n s)rmen
e n di n i u
o rdr t h- ' l : r
f r r r d
I f ' r t at - v u
i I ' o i
. r i rI A l I; t r ruII r \ 7r r J .
' a c t r
a c cf u n c
e n ti n cd rrk id f
Io fo p
n i r -! ' ! L
: l i
) f r
r i d> c l
. A l -
r a ll a t r
A f . l
r h { -
' h ir r (o r
onc
d sC I I I L
a r l
a h J .
S E V
^rhol d
I ^ F ,
inn
k
c) l1 .
L :
Lc(
r l
E
r tr tr thtr
n
lmordr l . '
o rr p i 'rp ly iBo in gn o l. v u r
t - ;
, , . i -W I :
f l '
o fr a tnenp a
r D_ f r
: n t
t t
lum
l . ^
r a 1d e r
o b -i n t1 l -
I l m a
| . ^
r d s
commov e ct s ; ac reasremi ti ng cfo r rTo lef t h ep e r a tt a l e
i n q u eo t h e
d e d ic h a r gt t h eA S S C S
t e f ot t o rnL ' p oh i s tf A m 5 l
r P q
d e f edomi
1 n of l . ^
D e c l
d a i" Y 4^ e ^ 1
h e i r- t ^
i n ' q F
e t a r
c o n t r a c t s
b a n kr A { . o F
L
q add. i t iops ,e l e m e n t f cn
- 5 -
,
I C
erd
h
r lE l
t (u1) rL I
- L
J .:e
' c
t-
rI
t ro
t "r I:e lr d
rA (
J I
er
n a
c
I t g
E end
J C I
- l a- l l
t
t rr UO I
' r l
r \ l
g ir€
t s
es uTgng the run i l owners ac . .i : : : l :p inrerr :s_r" i "
"nJ ioa j o r i t y v o t e o f t f r e g o a i a ,un t o f t he qua r te r l y ; ;ur ! _uny excess j o f u " " i "= ]
s ink ing funds r Ees€r .V€ for:.,.., :?_ the own-ers at tfre-eiO
: : IJ : . " r spec i€r l .="u=J; ; " ; "i t i s ' n e c l s s r l , ; e a o
" o - i im a i n t e f i a n c e e x p e n s e s o ro r because o f : - eme . rg " . , l i u= .
: : * : l r " b y . a n d r h r o u s h r h e: : , : :^:?i: i l g, Feur*
-Ju,iuJ*"c la ra t ion and these i l_
i l d l e s s e e s i n t h e e v e n ;l d more rhan rh i r r v - i g ' d it ' o n F
n a r n e o f t h e A s s o c i a t i o ne c t f r o m l o s s a n c l a . ^ u q e
ur r_cy g ran te i l by and thea n d t h e s e B y - - L a w s , a n a
- i, a n d t o
a r r y o u t t h e i r d u t i e s a n d
g s u c h i n d e b t e r d n e s s a s t ; ;r l t y t h e r e f o r . S u c h i n _t i o n o f a l 1 o f t h e ; * ; ; ; ,s t , i n . t h e g e n e r a l . o * * " n -u r n o r i z e d t o e x e c U t e p r o _
s h a l l b e t h e p r e s i a e n t a n d
. o r a c c o u n t s f o r t h e c o m m o nich a re requ i red " i - *u | " "u l ' "
a l t e raL ions and i rnp rove_n s i s t e n t w i t h * a n a l i n g
i )
t h e c o n d o m i n i u m p r o j e c tw i t h t h e b e s t i n t e r e s t sd e l e g a t e , C t o t h e M a n a g i
( 1 ) T b k e e p a n dr e c o r d s s h o w i n g ' a i l o fand to pr : rmi t exami . nat io f t h e o w n e r s . S u c h dA g e n t
( m ) '
w i t h t h e r a s sp r e p a r e a n d d e l i v e r a n nm e n t s h o w i n g r e c e i ; : r t s ,s u c h s t a t e m e n t .
( n ) T o m e e t a t 1p loyee o f t he l , t anag ing
( o ) I n g e n e r a l ,A s s o c i . a t i o n a n d t o d o aa b l e i n o r d e r t c l c a r r vt h i s c o n d o m i n i u m p r o p 6 r
( p ) T o c o n t r o l aa r e a s , o F l e n s p a c e s , c o m
(c { ) Tos h a l l h a v e a n dt h e B o a r d b u td e l e g a t e .
employ foe x e r c i s e
n o t t h o s e
p r o v i d i n g f o r s e r v i c e s os h a l . 1 n o t e x c e e d t h : r e e (f o r t e r m i n a t i o n b y e i t h eo f a t e r m i n a t i o n i e e o n
L i m i t a t i o n s o n C o naI ma--agem
4 . No Wa ive r O f R igh tsc i a t i o n o mc o n d i t i o n s r E € s t r i c t i o n st i o n s o r o t h e r p r o v i s i o nLaws o r t he Ru les ands h a l 1 n o t c o n s t i t u t e o rr e l e a s e t h e r e o f , a n < 1 t h et h e r i g h t t o e n f o r c e t h e
5 , E1ec .E ion And Te rm Oerm oAssoc ia t i l 5n E
1
B . O r
1
t h r e e ( 3 ) y e a r s ; t h ee d 1 t t w o ( 2 ) y e a r s ;b e f i x e d a t o n e ( 1 ) yo f o f f i c e o f e a c h , e le l e c t e d t o s e r v e a t ew ise p rov ided by theseu n t i l t h e i r s u c c e s s o r sm e e t i n g . f f t h e n u m b em e m b e r s , t h e . n e w l y e l ec iden ta l t o t he t v ro 1oi n g a s D i r e c t o r s .
6 . V a c a n c i e s . V a c ao the r-Eha-i-EEE r emova Is h a l L b e f i l l e d b y v o tt o r s , e v e n t h o u g h t h e ye a c h p e r s o n s o e l e c t e be l e c t e d .
o f o n e D i r e c t o r s h a 1 l b eo f f i c e o f o n e D i r e c t o r
p i r a t i o n o f t h e i n i t i a ir I h i s s u c c e s s o r s h a l l b e
s h a l . lterm
ardl:y at y o f
' l c q q
e c E o r
c a u s e d b y a n y r e a s o n
R e n o v a l O f D i r e c cgraph 4 ,3 oETne DecTa
v o t e o f t h e A s s o c i a t i o nt h e r e m a i n i n g D i r e c _ .t h a n a q u o r u m ; a n du n t i l h i s s u c c e s s o r i s
t o t h e p r o V i s i o n s o f p a r a _ .r e g u l a r o r s p e c i a l m e e t i n gr r e c t o r s m a y b e r e m o v e d * i t t ro w n e r s , a n d a s u c e s s o r m a vv a c a n c y t h u s c r e a t e d . a r , i
s e d b y t h e o w n e r s s h a l l b ; -
d u l y c a l - I e d , a n y o n e oo r w i t h o u t c a u s e b v athen anc i t he re be l t e "D i r e c t o r w h o s e r e m o v a lg i ven a r r oppor tun i t y tt h e r e o n .
a n i z a t i o n M e e tBoard fc'ffih e l d w i t h i n t e n ( I 0 ) df i xec l by ' t he D i rec to rsw e r e e l e r c t e d , a n d n o ne l e c t e d D i r e c t o r s i n op r o v l . d i . n g a m a j o r i t y o
9 . R e g u l a r M e e t i n q s .held aE-ff it i m e t b y a m a j o r i t y o fm e e t i n g s s h a l l b e h e l du l a r m e e t i n g s o f t h e B os o n a l l y o r b y m a i l , t e ldays p r i o r t o t he day ,n
1 0 . S p e c i a l M e e t i n q s .cattec--Fffintt o r , g i v e n p e r s o n a l l y on o t i c e s h a l l s t a t e t h ep u r p o s € r ) f t h e m e e t i n q .ca l l ed b -y the p res iae i tn o t i c e o n t h e w r i t t e n r
! m e e t i n g o f e r n e w l y e l e c t e c jf t h e u n i t o w n e r s s l r a ] l b ;a t s u c h p l a c e a s s h a l l b e
a t w h i c h s u c h D i r e c t o r sn e c e s s a r y t o t h e n e w l v
c o n s t i t u L e s u c h m e e t i n g ,r d s h a l l b e p r e s e n t .
h e m e e t i n g p r i . o r t o v o t i n o
ings o f i l r e Board may be
l v e n t o e a c h p i r e c t o r , p e r . lr a p h a t l e a s t s e v e n ( 7 j
a F r ' n ^v u ! r r y .
i n g s o f t h e B o a r d m a y b ea y s n o t i c e t o e a c h D i r e c _p h o n e o r t e l e g r a p h , r v h i c h
here inabove p rov ided ) anc ln g s o f t h e - B o a r d s h a l l b en l i k e m a n n e r a n d o n l i k ;r m o r e D i r e c t o r s .
. u d e t e r m i n e d , f r o m l i m e t ob u t a t l e a s t t w o ( 2 ) = u " h -e n d a r y e a r . N o t i c e o f r e o -
any DTF@s u c h w a i v e r s h a l 1 b e dn o t i c e . A t t e n d a n c e b vs h a I I b e a w a i v e r o f
- n
I f a l l t he D i rec to rs an o t i c e s h a l I b e r e q u i rs u c h m e e t i n g .
1 1 . W a i v e r o f N o t i c e
1 2 . B o a r d O f D i r e c t o
B e f o r e o ri t i n g , w a i [ z eemed equ iva la D i r e c t o r at i ce by h i f ne p r e s e n t A C
t anyo t i c et t o
m e e t i n g o f t h e B o a r d ,o f s u c h m e e t i n g a n d
t h e g i v i n , g o f s u c hany meet ing of the Board
t h e t i m e a n d p l a c e t h e r e o f .ny mee t ing o f t he Board r r roand anv bus ness may be t ransac ted
f
a t
?11 mger ings o f rhe Board ,s ; t i t u t e a g u o r u m f o r t h e
o f t h e m a j o r i t y o f t h e D i r . -e c t , o r s p r e s e n t a t a m et h e a c t s o f t h e B o a r d .l e s s t h a n a q u o r u m p r eJ o u r n t h e m e e t i n g f r o n rm e e t i n g , a n y b u s i n e s sm e e t : i n g a s o r i g i n a l l yn o t i c e .
1 3 . F i c l e l i t y B o n d s .and entp-foyeet ciF-TE-e Ah a n d l e o r a r e r e s p o n s ia d e q u a t e r f i d e l i t y b o n dcommon € |xpense .
r a n s a c L e d w i i l r o u t f u r t h e r
r e q u i r e t h a t ; r I I o f . E i c e r st l " Manag ing Agen t v rhot i o n f u n d s s h a l l f u r n i s hs o n s u c h b o n c l s s h a 1 l b e a
1 4 . A c c o u n t s . T h e f uand tI?6ugE-The essociia c c o u n t s u n d e r t h e f o l Ip r i a t e , a l l o f w h i c h e i
( a ) C u r r e n t e x p e ne x p e n d i t u r e s w i t h i n i h ei n c l u d i n E a r e a s o n a b l ef unds , e : xcep t expend i t t ra r r m p r o v e m e n t s .
t h e c o n d o m i n i u m u n i t s f o ra s s e t f o r t h i n t h e C o n _
b y t h e f o l l o w i n g p r o v i _
i t u r e r s o f t h e u n i t o w n e r s b y: r e d i t e d a n d c h a r g e d t o
a t i ons as sha l_L Ue app ro_I be common expenses :
i n c l u d e a I 1 f r : n d s a n dt h e f u n d s a r e b u d g e t e d ,
on t i ngenc ies and w6r }c inJt o r e s e r v e s o r t o a d d i t i o n _
T h e p r o v i s i o n s f o r fa n d o n b e h a l f o f a l ld o m i n i u m D e c L a r a t i o ns i o n s :
F I S C A L
pl ac 'ement , whq u i i e d b e c d u s
o f
MENT
fr St e d
( b ) Reserve fo rfunds fo ra n n u a l 1 y .
m a i n t e n a n c e i
( c ) R e s e r v e f o r r5 . p " i r o r r e p l a c e m e n t rl - e s c e n c e .
E r n c e , w h i c h s h ; r l l i n c l u d er l ess f requen t l y t han
ch sha1 l i nc l r : de f unds fo ro f damage , wear o r obso -
- 8 -
A R T I C L F
1 . D ls i . gna t i on . The--y r e s r d e n t , a V i c e p r e sw h o m s h a l l b e e l e c t e das the Board sha l l f
3 . R e m o v a L o f O f f i c e r so f t he memEers
f f i ce rs o f t , h
Upon an F f fa r d , a n y o f f in d h i s s u c f e s
a t a n y s p p c i
i d e n t s h a l l bo n . H e s h f 1 lne Board , Heh i c h a r e u g u ai o n , i n c l u d i nees f rom ar{ rons c r e t i o n d { c if a i r s o f t 4 "o r b y t h e m eo l - i ^^ ^v u a r r y D .
V i c e . p r e s i l d eaI ' I the luno f . t h e e r ] e s
cn powers an
s hm irgf
o f
no t b re members o f t hed o m i n i u m u n i t i n t h i st h e i r r e p r e s e n t a t i v e i s imay be he ld by the same
2 . E l e c t i o n o f O f f i c e rbe e fec t@each new Board and sn 'a fB o a r d .
a n d S e c r e t a r y m a y b e h d by the i .*
w i t h o r w i t h o u tm e e t i n g o f t h ec a l l e d f o r s u c h
6 . S e c r e t a r v .;nee tfn-gE-oT-EneA s s o c i a t i o n ; h eB o a r d m a y d i r e c td u t i e s i n c i d e n t
B o a r d , op u r p o s e
T h e S e c rBoard ans h a l l h a; and heto the o
o f t h ec a u s e ,
p o w e r t o a p p o i n t c o m m i tr r m e a s f r e m a y i n h i s di n t h e l c o n d u c t o f t h e ae s t a b l i s h e d b y t h e B o a ra n y r e g u l a r o r s p e c i a l
5 . Y i " * p res iden t . Th3rtd mffirrp-an?_p*rf"p r e s i d e n t , i n t h e a b s e na n y r e a s o n t o e x e r c i s e sd u t i e s .
lE'l
a1n uA
i nS
taryt h e
e c h as h a l 1f i c e
- 9 -
)
A s s o c i a t i o n s h a l l b e a
o f p r e s i d e n t a n d T r u u " u i l ,h e o f f i c e o f V i c e p r e s i O . . t
p e r s o n .
o f t h e A s s o c i a t i o n s h a l . [o r g a n L z a t i o n m e e t i n g o ft h e p l e a s u r e o f t h e
S
t
r m a t i v e v o t e o f ae r m a y b e r e m o v e d ,
m a j o r i t ye i t h e r
o r e l e c t e d a t a n vI m e e t i n g o f t t r e
r e g u l a rBoard
e 1 s . a p p r o p r i a t e t o a s s i s ts s o c i a t i o n o r a s m a y b eb e r s o f t h e A s ; s o c i a i i o n a t
t h e c h i e f e x e c u t i v e
ep a I I t h e m i n u t e s o f t h ea I . l m e e t i n g s o f t h e
uch books and papers as ther a I , p e r f o r m a l l t h ea r y .
k eS
q
e nre
r
TI
I
member , and tne un l i v i
*9up up - to -da te a t t he p r i n . .p l e t e l i s t o f m e m b e r s u ; ; - '
r I t he reco rds o f t he ess i c i_rs i te each mernberr s nu*u
- ;hru
on o f t he un iL owneO Uy-s i c f rthe genera l conmon e l l_
spect ion by rnembers unJ
b i l i t ' y o f c o r l e c C i r g - ' " i j " ,y r e s p o n s i b i l i t y s h a l l b e t o
r r sha l I i . ndemn i . f y eve ryi r r e s p e c t i v e s i u c c e s s o r s ,a i n s t a l l l o s s , c o s t s , a n donab ly i ncu r red by h im i ; -o c e e d i n g t o w i r i c h h e m a v b e. h 3 y i n g b e e n a D i r e c t o r ' ,r a t r o n , e x c e p L a s t o m a i . _
7 . T r e a s u r e r . T h eAs socEio-n--TEnd s ;;;
1 . l n { q m n i f i c a t i o n .o i r e cEoFn -Z-ffTEe?lti
n a
e n t n o t l e s s o : E t e n t h a n
I ] \ I D E M N I F T C A T T O N O F F F T C E R S , RE ORS A}TD MANAGING AGENT
p e r s o n a l r e p r e s e n t a t i v e
s s n e g l i g e n c e o r w i I l f u Ie n t , i n d e m n i f i . c a t i o n
" f , i f fc h m a t t e r s c o v , e r e d b y t h ei s a d v i s e d b y c o u n s e L t h a b
g e n g u i l t y o f - g r o s s n e q l i _ro rmance o f h i , s du ty a in t_ i n re la t i on to t f i e ma t_a l l n o t b e e x c l u s i v e o i - -f f i c e r o r M a n a g i n g e g " r r t
d a m a g e , c o s t i n d - " * [ " n J u
d j u d g e d i n s u c h a c t . i . o n ,
n b y r e a s o n o r i l r i s i n g o u ti n d e m n i f i c a t i o n p r o v i s i o n s< lc ia t i on as conmon expens - .t h i s A r t i c l e V I I c o n t l i n e at i on to i ndemn: ' . f y any
g e n c e o r w i l l f u L m i s c o ns u c t r D i r e c t o r , o f f i c e rte r i nvo l ved . The to rego t h e r r i g h t s t o w h i c h . JT a y b e e n r i r t e d . A l I l ir n c u r r e d o r s u f f e r e d b yo f o r i n c o n n e c t i o n - w i t f rs h a l l b e t r e a t e d a n d h a n: : ; . 8r . " " id ed , howevetr , . rSna l l be r l eemed to ob l i c r t e t h e A s s b c i
- 1 0 -
t
2 . O t h e r . C o n t r a c to i recE-f f l o f f icers orf o r t h e u n i t o w n e r s , ai t y on any such co r . , t r "a n d t h e l i a b i l i t y o f am i tme .n t ' sha I I be l im i t ,l i a b i l i t y t h e r e o f a s te r s , e x c e p t t h a t a n y Ic o . L I e c t s u c h p r o p o r L i oa n o w n e r s h a I I b e s h a r
1 . T h e s e B y - L a w s m a ya d u l y c o n s t i t u t e d m l ev i d e d , h o w e v e r , t h a t nt h e i n t e n d e d e f f e c t o fr a t i o n o r t h e n e c l a r a t
2 , f n c a s e o f a n v c o na n d t h e s e B y - t a w s l t h e
w h o i s o r h a s b e e n a D i r e c _h r e s p e c t t o a n y d u t i e s ; ;curred by h im under ana Ui ,
i tmen ts made hy the Board o fg e n t s h a l l b e m a d e a s u g u n t3v9 no personal responslu i r_-t (excep t as r : r r i ' t o in " r " i ,n any guch con t rac t o r com_o r t i o n a t e s h a r e o f t h e t o t a l9 " t o f a l l o f t , he un i t ov /n_b r e c a u s e o f a n y i n a b i f i t v ' t othe to ral f i akj i 1 i ry
";; ; ; ;
e l y b y t h e o m r e r s .
. m a j o r i t y o f t h e m e m b e r s a tb e r s f o r s u c h p u r p o s e ; p r o . _1 1 c o n f t i c t w i t f r b , * i n i * i " .
o f t h e A r t i c l e s o f I " " " ; ; ; ; -
h e A r t i c l e s o f I n c o r p o r a t i o nc o n t r o l . I n c , a s e o i a n y
m e m b e r o r o w n e r o f a ct o r o r o f f i c e r o f t h eo b l i g a t i o n s a s s u m e d o rv i r t ue o f t he Condomin
o r o the r bomthe Manag i f igd t h e y s h a l lt o r commi tmey u n i t o w n d rd t o s u c h S r oe common i i r tes s e s i n c u r * e da t e a m o u n t o f
p ropo r t i dna
A R T I C L E
AME}JDI"1
W h e n g i v f n ga s s e s s m e n t . s
h n o t i c e t d em un i t who$ehe Aoard .
c o n f l i c t b e t w e e n t h e D et i o n s h a l 1 c o n t r o l .
1 . N o t i c e T o A s s o c i a ts h a l l n o mor the A rssoc ia t i on Secm o r t g a g e e . T h e A s s o c i abook en t i t l ed " l " l o r tgage
2 , I t g t i c e O f U n p a i d mmon Asseswnenever so r e q u e s t e d . i w r r t i n g
t h e s e B y - L a w s , t h e n e c l a r a -
ng^ f i
h en
1 cr t
An oFnen t ,hrouphyt ' g iv ihg
shal I ina iF ' r r ^ . i r ^ l r! u r t I L D
orn
oo
Etiq
3 . N o t i - c e O f D e f a u l t -
r . w n o m o r t g a g e s h i s u n i t: . t ' t * Manag ing Agen t i f a f l y ,he . narne and adclress of f i i=ta in such in fo rmat ion i ; - ;
o w n e r o f a m o r t g a g e d u n i t .
n o t i c e t o a u n i t o w n e r o f ar o t h e r d e f a u - L t , t h e B o a r dch ho lde r o f a mor tgageane and address has t f iereto
u n i t , s h t r 1 1due f romr o t r
prompt ly rea n y o t h e r e
any thpnu l t b y , t h
r t
defaulffis h a l l s e n d a c o p y o f s ucove r ing such condomin if o r e b e e n f u r n i s h e d t o
- I I -
)
4 . E x a m i n a t i o n O f B o k s . 1 t , o w n e r a n d e a r : h m o r t g & q e c ,t t ,ed t .o examine the Uo6ts
- , r f
b l e t i m e s o n b r r s i n e s s a a y i r ,
of a cAffi a L la t r e a p om o n t h .
ARTrC[,8
EV:T DEIICE OF OWNER H I P , R E G I S RA IoN OF T"IAILINGA D D R E S SAND DESI REPITESENTATT
I . P r o o f o f 0 w n e r s h i
E a c h u nb e p e f m i
a c c o u n t o f t h e c o n d o m ibu t no t more than once
lume a c h
purchas i : a co omln ] . umi n g a n o w n e r o f a c o n dAgen t o r Board a mach is t r u r n e n t v e s t i r r g t h a tc o n d o m i n i u m u n i t , w h i cA s s o c i a t - i o n .
2 . Re91 i s t ra t i on O f Me r s o f e r n i n d i v i d u a
T h e o w n e r o r s e v e r a ls h a l l h a v e o n e a r r d t h e
own--s ame
ium un:Lt ; owner or owneManag i r rg Agen t o r Boardo f t i t l , e , o r a f t e r a cs h a l l b e i n w r i t t e n f o rcondc,mi .n ium un i t or byr e p r e s e n t t h e i n t e r e s t
a D e s i g n a t i o n O f V o t
a l l o t h e r c o m m u n i c a -
y a l l o f t h e o w n e r s o f t h es a r e a u t h o r i z e d b y l a w t oe o v / n e r s t h e r e o f .
t i v e p r o x y . I f a condo . -
o n s t o a t L e n d a l l a n n u a li s s e c t i o n 3 .
i n t h i s A r t i c l e Xr " r i um un i t sha l l be
o n e' d F I
r t h aa t i orwngro n os o fi g h tc t i vo r swi thr r r I I I a
a l t ep rov
m i n i u n u @e s t - a b l i s h e d b y t h e r e c oi u m u n i t i s h e l d b y m o rt l o n r p a r t n e r s h i p l s s o cb i n a t i o n t h e r e o f , s u c ha n d a u t h o r i z i n g o n e p e rn u a l a n d s p e c i a l m e e t i nvo te the owner h imse l f :
p e r s o r f r It l e t h e r en o n e p e rn o r o t h es s h a l l et a l t e r n a
membersc a s t i f
e and Eemo o n e r F e ri n t h i l t yt i o n , E h er n a t e P e rided b l r
con ta [ .nea conpom
r s r r g h t t o v o t e s h e r l l b et o . I f t i t l e t o a c o n d o m i n _
n d t h e r e a t t o r : a s t w h a t e v e r: we re pe rsona .L l y p resen t , ,i n i n f o r c e u n l e i s - v o t r . r r , - 'i n a t e d b y o p e r a t i o n o f l a w .( 3 0 1 d a y s a f t e r s u c h r e v o _ .o w n e r s s h a I l r e a p p o i n t a n c l
r e 1 nr o f
s h a I l b edeened
TION OF
. E xu n i t fm i n i ume o r ae r s o n
copy
i 1 i n q___;__no om lnE S S T On o t i c ered adr s o n s ,I e n t i. S u c i- ^ L ^ 1) - r l d J
w i t h i re n g e o .n a n d ts u c h p r) f ( a 1 .
Lnq Rer
, f
li l
r l- l
h' l l
Y6I
ItfI
r a c o n t -
F r
I'\.o r
J - r
f i i
A II t
O q c._t l n l
I l r
l c
: r cI L
r Cw is h
Ad1 l '
, h
S ,
d rr
f r r
h.I
n
fs ie r
u
, ih
d r;
b
r r
1 t
ep
unc ei rh a
;H
b eed
A q
i ro
reb ef ia dl n5 U
) f
t o)ec' q
: l ra n
r
- -.,.-..-n t
r t q t
s lt (
a l, t
l t
(
'l
r)a
fcl
Y
o
- 1 2 -
l
e a t any annua . l o r spec i a li n good s tand i nq andm e e t i n g o f m e m b e r s .
b e d e e m e d t o b e i n q o cn u a l o r a t a s p e c i a i mt h e s e B y - L a w s , i f , a n da s s e s s m e n t s m a d e o r l eo w n e d b y h i m .
z . I l o t i ce O f L ien Or
t i t l e d t o v o
ARTICLF
IGATIONS E OWNERS
I a s s e s s m e n t s .m a y a f f e c t t h < :1 1 b e g i v e n i ne t h e r e o f .
and the con, lomir r iurn uni t :
e r s L r a l l g i v e n o t i c e t o t h el c e u p o n h i s c o n d o m i n i u m
Assoc ia f f iu n i t n o t h e r t h a n f o l te v e r y s ; u i t o r o t h e r p rc o n d o m i n i u m u n i t , u n b( 5 ) d a y s i a f t e r t h e o w n
3 . M e c h a n i c r s L i e n .h o Id e ;itfi- oF--t h-d-oEFe rm e c h a n i . c r s l i e r r f i l e dgenera l common e lemen tp r o d u c t s i n c o r p o r a t e d iI i en i s ; f i l ed and /o r ac o m m e n c e d , t h e n w i t h i nb e r e q u i r e d t o d e p o s i ts e c u r i t i e s e q u a l L o o np l u s i n t e r e s t - f o r o n ep e r c e n t o f t h e a m o u n tF i f t y D o l l a r s w h i c h I aa n y c o s t s a n d . e x p e n s e sr e d f o r 1 e g a l a d v i c e a€ d , s u c h s u m o r s e c u r i
a n d n o t i c e o fr i r - 1 e t o h i sw r : L t i n g f i v e
b n o t l e s s t h a n O n e H u n d r r : d? :ed by .E ,he Assoc i a t i on fo rc l i n g a t t o r n e y s r f e e s i n c u i _e p t a s i s o t h e r w i s e p r o v i < j _
o w n e r , a n d h i s f a i l u r e .m a k e s u c h p a y m e n t , a n downer an< l a l i en aga insc l o s e d a s i s p r o v i d e d i
s t a n d i n g F r de t i n g o f m f m bo n l y i f , h b si e d a g a i n s f h
i l .-dr
e d ih r
r chl e ri n c
) r- L ^
L T
- h
rd: t
: S
:ur,: ou
Sq A
o fi e rq , I
S O
o.l
i sa f i
!e, X
ur
oI
n
t r
, en
6
rdt1 r
s .
hr
) t l -
) n' a (
r a c
t n !
' r
E -EJc
rwr^ :cl. I
f c{-
u iA N
i t: h
I t s
e rnc
co c l
rl sti ' ^
- 1 ^) l t
:leh :P t
f
dr ela n d
d i n gn o t ,
as k r
ch o \A r a l
n s t (r l a l: Ie ovE f o r
( 1 0 )r l - h c
i o n eq v y c
r c h csum
lrred)un ses h a l
; e t t lo r pr f o r,ency1 1 1 bio paamous c or a g r
' \ hr u l
curtls p e'^/n +. A
)wl+
1 A r l
l rn! h d
I A Y I
I O :d : r
A c ,
l : ' o '- ^ ' : '. a 1 [lay
i t' r f
, o E)mer'ocF
o n1 r
r p Es f
r tdotpph
? -
o \ttbto n '
i c lS I
l a i'1- '
:T €r i let r
' I I, + t ̂. t
l r e' - "t y s) b U
r t r
' r
rn' h
ncE
6P
n rP e
an cr- .iF J -
) r e n ca n d s
i i n g wn o t i c
rs kno
:h own,r r s h ar s t o L l: l a b oIe own(' € n r
( 1 0 ) (r t h e )I one - lt oge d )
t c h c l rsum marr: ied,r u n s e l .s h a l Ie t t l enor prcf o r ce n c y ,1 1 b eo payamoun ts condrag raF
_13
n n t l
c ne E
whi c e"low
ttne:la r t> L h t
f n e :: f <
d t! A (
. L .: - I l c
, f d , -
ma)t l J
r 1 .1 tem€,roc' o r
t l
e Fy sn tndoaph
,TD5?$ c.rr +cn: s hvl ed
] q - a:n rel a r
i t mr r i I s: o r e
r S S O t^ 1 . C
. q . - L r
L € f I
l l m I
y b rifrc -
E)b e le n tcFecn a (i h c lp h i is f a l
t heorB 1nh 6 .
F F : T
c hL .l l c
Eacw n €a i rf o r
{ - h
u i to n
i r ha n de r
3 r1 C U
c o) c l
- 5
l s: oi ^ ' i
. 1 ^ ^) l t a
) S r
l eh i rPa
t - ^
C IEx
hF
e da cc II d
a Ih ei n' r .
l l
D e c l a r a L i o n . A I I a d v ai n c l u d i n g a t t o r n e y s , ff o r thw iLh re imburGed tbe l iab l .e to the Assocra te o f twe lve -pe rcen tincurrecl by the Associ
4 . l " l a i . n tenance And R i i l r
( a ) E v e r y o w n e ra l . l ma i r i t enance and reo m i t t e d , w o u l d a f f e c tt y o f p a , r t o r a l l o f t
( b ) A l I t h e r e p a
n t s , c o s t s a n d e x p e n s e s ,y t h e A s s o c i a t i o n s h a l l b en e r ( s ) , a n d t h e o w n e r s h a l l
s u c h a s w a t e r , I i g h t , gs t a l l a t i o n s , d o o r s , w i n
paymen t o f i n te res t a t t heon a l l such sums pa id o r
n l s o w n e x p e n s e ,u n i C w h i c h , i fa e s t h e t . i c i n t e g r i _ ,
i n s t a l l a t i o n s r c f t L r e u n i ta g e t t e l e p h o n e , s a n i t a r y i n _a L f i x t u r e s a n d a I I o t h l rh a I I b e a t t h e o w n e r r s
t o r e i m b u r s e t h e A s s o c i a _temen t f o r : any expend i tu res ;r n g a n y g e n e r a l o r l i m i t e dce o r by the ne ig l : i gence o f :
i c t l y w i t h
d
hn
c e m e n c s , P F€ s , i n c u r r e
i t by suc f ra t i o n f o r t( 1 2 r ) p e r dt i o n .
i r wo rke appear
condomi
s o f i n ts , p o w e ro w s , e 1 en d f i x t u
( c ) A n o w n e r s h a lt i on p rompt l y upon recer n c u r r e d b y i t i n r e p a iconmon e lemen t damaqedh i s t e n a n t s o r a g e n l s o
5 . Gen ,gp61 .
a c c e s s o r i e s , e q u i p m e n te x p e n s e .
( a ) E a c h o w n e r s hthe reco rded Con< iomin ium e n t s t h e r e t o .
( b ) E a c h o w n e r s ht h e c o o p e r a t i v e p u r p o s ec o n d o r n i n i u m p r o j e c t w a s
6 . l s e s O f U n i t s I n
( a ) A 1 1 u n i t s s h ap o s e s a s i s p r o v i d e d i n
( b ) A n o w n e r s h a lt e r a t i o n s t o h i s u n i t othe wr i t t en app rova l o fi n w r i t i n g o f t h e i n t e nAgen t r o r . i f no Manaq ihPres i c len t o f t he eoa ia .t i on to answer an owners u c h n o t i c e , a n d f a i l u r
e rvo r t o obse rve and p romot .ep l i s h m e n t o f w h i c t r t [ i s
o n l y f o r r e s i c t e n t i a l p u r _m D e c l a r a t i o n .
ompt l y I u tn h i s o w no f o r t h ep r o j e c t .
r : d t heset h e p r o v i s i o n s o f
By -Laws and amend_
1 1 c o m p l y F t rD e c l a r a t i O n
b n r l
erna l - C h a n
1 1 a l w a y sf o r t h e i
h " i 1 !v u ! I L .
h e
noi nh e
AgTh
rto
1t
tA
S
b i l i f et o m f n
( e $ tL a t { o: d .E i c { tL s 9 mioc l a; t v f i; o { i
r ind
a k1 1A T
} ri
S S. Q
S
i
rn
TI
nrtt
u ton
l t r c t
a 1o ad l
tAS
e , u tCor
u l t t d
^ L ^ 1D L C T - L
Boamod ie n te A s3qued o
N SA
mn a) s
h er A
o
c t u r a l m o d i f i c a t i o n s o r a I -l o c a t e d t h e r e i n w i t h o u t
e B o a r d s h a l 1 b e n o t i f i e d
- r 4 -
7 . U s e O f G e n e r a l C n E leme
t h a t t h e r e i s n o o b i e ca t , i ons
Each owner may use themon e lemen ts appur tenapa thways , roads and s tw i t h i n t h e e n t i r e c o n dpose for which they v /ei n g u p o n t h e l a w f u l r i
( b ) A n o w n e r s h at a t i v e s , t o e n t e r h i sl a t i o n s n a l t e r a t i o n s ou t i l i t y s e r v i c e s w h i c ho t h e r u n i t s , p r o v i d e da n d t h a L s u c h e n t r y i scase o f an emer . r " r r - " , r -
9 . R u l e s A n d R e r r 1 ^ LU I O , L
( a ) T h e i n i r , i a lf e c t : L v e u n t i l a m e n d e dhere t -o aLnd made a pa r t
(b ) The Board refo rce comp l iance w i thmay be necessa ry fo r tcondomi r r i um p ro jec t w it l m e . C l o p i e s o f s u c heach un j . t owner p r i o re f f e c t i v e .
1 0 . D e s t r u c t i o n A n d Oo w n e r o t a c o n d o m i n i u m
. l
o p o s e d m o d i f i c a t i o n s o r a I E e r
L im i ted Common E lemen ts ; .
e lemen ts , t he I i r n i t ed com_i n i u m u n i t , s i d e w a l k s ,common e lemen ts l oca ted
. i n acqg rdance w i th the pu r ._h o u t h i r r d e r i n g o r e n c r o a c h -e r o w n e r s , a n d s u b j e c t t on these By -Laws ; and es tab_ ,
S e c t i o n 9 o f t h i s A r t i c l e .
n t t h e r t i g h t o f e n t r y t o t h ea u t h o r i z e d b y t h e e o a r d i n
! , r t h r e a l t e n i n g h i s u n i t ,l . m e o r n o t .
o w n e r s , o r t l r e i r r e p r e s e n -r p o s e o f p e r f o r n i n g i n s t a l _e m e c h a n i c a l , e l e c t r i c a l o rrned , wou [ .d a f fec t Lhe use o l :o r . e n t r y a r e m a d e i n a d v a n c e le n l e n t t o t h e o w n e r . I n t h e :n t r y s h a ! - l b e i m m e d : L a t e .
a t i o n s , f + h i c h s h a l l b e e f -b y t h e p o a r d , a r e a n n e x e d
d u l e A .
r t o e s t F b l i s h , m a k e a n d e n _ .r u l e s a h d r e E u l a t i o n s a s
se and oFcupancy o f t h i samend sFme f ron t ime to
a t i o n s s f r a l l b e f u r n i s h e d t on the sa { re sha l l be
ion to t h e p
c a s e o f a n y e m e r g e n c yw h e t h e r t h e o w n e i i s - p
ach ownep , upon becominq ang r a n t s h f s p o w e r o f a t t 5 r n t r vb l y a p p o f n t i n g t h e A s s o c i a _
in favo r o f t he Assoc it i o n h i s a t t o r n e y - i n - fu n i t u p o n i t s d a m a g e , dv i d e d i n t h e C o n d o m i n i u
the owrferr s condominiumb s o l e s c g n c e , a l I a s i s p r o _
g e n e r a l ct t o h i see ts andrn in ium p re i n t e n d eh t s o f t h
h ee c. . . :
o tn s c o n t a i n e di s p r o v i d e p i
I a n d d o ey o t h e r p
; g rl r s ot l n, r l r
' l l l A
. r - L ^
. o tr f f o# q
qon 'v r I
d d r l '
J i o ,^ t - - '
$ c h t
qow(d n a .r l r rq t (c i a r r 'Y Y * .
wh(
p ri o n .
r i g i n a b i na c a n { - r { -
' l n a r m i t* l - u
n i t f o r tr e p a i r si f n o t p
h a t r e q u ea t a t i m eu c h r i g h t
u l e s a n dr s u p p l e m
e r e o f a s
rves theu c h a d d i t i
ope ' rat iot h e , r i g h
1es and rt h e d a t e
o l e s c e n cn i t , t h ei n n i - -+ v r r t l L !
t t o d e as t r u c t i o
D e c l a r a
-1
ARTTCLF X
ABATEI"IENT AND EN INMENT OF _LArroNq_EY rINrT OWNERSV I
The v io l . a t i on o f any rthe b reach o f any ey_LDec la ra t i on , s t ra l t i i , ,r i g h t , i n a d d i t i o n i oe n t e r t h e u n i t i n w h i ce x i s t s a n d t o s u m m a r i ld e f a u l t i n g u n i t o w n e r ,t h a t m a y e x i s t t h e r e i np r o v i s i , o n s t h e r e o f , a nd e e m e d g u i l t y i n a n y mp u t o u t , u s i n g s u c h f oo u t b e i n g l i a b 1 e t o p r oen j o i n , aba te o r r " ^Ld , ,a t l a w o r i n e q u i t y , t h
m i t t e d o n o r b e f o r e t h ibe rs may submi t n . *u " Othe nomj .n ,a t i ng commi t tee l e c t i . o n . U n i e s s s u c hna t ing co rnmi t tee o r by
on adopted by the 'Board,
orcn o t any p rov i s ion o f t hethe Manag ing Agen t t hes s e t f o r t h t h r e r e i n , ( i ) t oc h , s u g . h v i o l a t i o n o r
' b r e a c h
o v e r - a t t h e e x p e n s e o f t h eruc tu re , t h i ng o r cond i t i o .ne i n ten t and mean ing o f t h r :I ' , l anag ing Agen t s .ha l l no t bes s r a n d t o e x p e l , r e m o v e a n de c e s s a r y i n s o d o i n g r w i t h _d a m a g e s t h e r e f o r , i i i ) t o_ l e g a l p r o c e e d i n g s , e i t h e r, E a n y b r e a c h .
s ; h a 1 1 n o t b e r e q u : i r e d , t omay des igna te an r l appo in t :
1 : . . n e s i g n a t i o n . T h ea p p o r n t a n e x e c u t i v e cm e m b e r s t o t h e s t a n d i n q
z . .Exe r :u t i ve Commi t teof two-ptffiBoard f rom the membersP r e s i < l e n L . T h e e x e c u t io f t h e A s s o c i a t : L o n a n dp r o v e e x p e n d i t u r e s a n dl i s h e d p o l i c i e s o f t h e
? Nomi ,na t i ng Commi t tmay appoi.nt a cc,rnmftEGd i d a L e s f o r t h e B o a r d .
v e c o m m i t t e e s l r a l l c o n s i s t :sha l l be appo ln t< - ,d by the
(he member sha l . l be tLea l l s u p e r v i s e . t h e a f f a i r si t s i n t e r n a l e c o n o m y , d p -t a n d c a r r y o u t t h e - e s t ; b _repo r t t o t he D i r :ec to rs a t
i ve commi t tee may ho ld reg_i t s d i s c r e t i o n S e t e r m i n e l
t ime by the Ctra i rman of t t ret h e r b y . t e l e p h o n e , t e 1 e _a I mee t ing may be he ld bv
t ted , e i t he . r by the nomi_person sha l I be e lec ted
e o r r e g u l a tr o t the brethe Board ory o t h e r r 4 g h
r o E a s t o w haba te and ren y p e r s o n , son t ra ry tO tt he Board o rn e r o f t r e se as may bee c u t i o n o r iby app rop r ia
con t in uanlc e
A R T T C L E X I T
C O M M I T T E E S
loard ftay , bu trm i t t ee , anF ic o m m i t t e e s .
i . The " * " fu t
a t l e a s t q i x tames a re submihe members , nc
..
- ' l 6 -
)
whose namew h i c h e v e n te l e c t i o n b y
4 . V a c a n c i e s . A v a cthe preff iEE-unti l rh
i s n o L s othe namesthe member
i t t ed un l l ecand id a te s
cy i n any ccn e x t m e e t i n g
ART ICLE
s no nomh a l l b e
m i t t e eof the
OR PRO
p r o f i twhom the- 'ce ivet ' 1 l - f r A
t o f t hc :ompensany mem
a lwaysY , D i r e
A s s o c it h e p u ro r o r o
a n d r e ai s t r a t ii n a r em a n a g e
fo r t he
n a t i o n s a r e m a d e , i nsubmi t ted a t t he
hal l- b e f i l l e d b ya r d .
A S S O IATION } i
T h i s A s s o c i a t i o n i s n oo f t h e B o a r d , o f f i c e rr e c e i v e a n y p r o p e r b y oe n t i t l e d t o r e c e i v e a nthe reo f and i n no event h e A s s o c i a t i o n b e p a ib u t e d t o , o r i n u r e L oo f f i c e r o r m e m b e r ; p r oc o m p e n s a t i o n m a y b e p a
No member , member rA s s o c i a t i o n m a v
r s h a l l b e l a w f i 1 t . vt h e o p e r a t i o nf u n d s o r a s s e t s c r f
t i o n L o , o r d i s t r i . -e r o f t h e B o a r d ,( 1 ) t h a t r e a s o n a b l et . o r o r o f f i c e r w h i l et i o n , f o t s e r v i c e s
t h e A s s o c i a t i o n . T h eM a n a g i r r g J A g e n t , w h o s hc r o n s a c c o r d i n g t o w r il - h o r a i n
Co ndomi .n i um un i t owners t i t u t e a n d a p p o i n t t hl a w f u l a t t o r n e y t o v o ta t a n y a n d a l 1 m e e t i n qbene f i c i a ry o r h i s , , o i . ,
s e s o f : t t r e A s s o c i a -f i c e r m a y , f r o m t i m e lo n a b l e r e x p e n s e s
o f t h e a f f a i r s o ft app l i cab le to the rs d u t i e s a n d f u n c -o n p e n s a t i o n s t a t e d
powers tha t t hey have
I? NY T F'q
F r i a h Fv L ^ : , l r g
f a m o r tm b e r s h i pa t i o n a n1 r i g h t su n d e r t ho c i a t i o n
h p roxyh e b e n e f
Ime o rardy by
t i o n , tt i e s a s
t h e b eth ing
o i r r :evocably con.-ag e the i r t r ue andi n t t r i s A s s o c i a t i o nt o v e s t i n s u c hp r i v i l e g e s a n dC e r t i f i c a t e o f
or by v i r tue of i l res h a l l b e c o m e e f f e c -c i a r y w i t h t h eine s as the bene f :L-e a s o n o f t l r e f a i l -e Manag ing Agen t o re t f o r t h i n t h ee f i c i a r y r s m o r t g a g J eere in con ta ined
fnco rpo ra t i on and By_Lareco rded Condomin ium Det i v e u p o n t h e f i l i n g o fS e c r e t a r y o f t h e A s i o c ic i a r y s h a l 1 d e e m i t s s eu r e , n e g l e c t o r r e f u s a j -t h e u n i t o w n e r s t o c a rCondomin ium Dec la ra t i onsha l l ope ra te to revoke
: o r g a n i z e d f o) r pe r$on f rom' f u n d s s h a l l' p e c u n i a r y p r; s h a l l a n y p aI a s s a l a r y o rh e b e n e f i t o f' i d e d , h o w e f e rd to any mEmbrn p l o y e e o f t hn e o r m o r e o fm e m b e r , D i q e c
ARr rcL4 x \
RTGAGEES
s h a l f h a v f rbene f i c i a l ythe i r - un i t l mo f t he Assocree any anq a
u n i t o w n e r s' s o f t . h i s AsI a r a t i o n . S
_ I 7 _
A Isq q
Sut
nY
iu