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... . ., . i � - , i - - Stall I signed by the Association shall be deemed to be licensed and assigned by the I • Assoc ation to the Unit to which it is assigned. After all Units owned by Declarant have � been nveyed, any unassigned Stalis shall be deemed to be assigned to the Association, and m y be reserved for guests of Owners and Occupants, for handicapped parking, or for rer�tal or assignment by the Association to Owners or Occupants,as determined by the 8oard� The Association may,after DecIarant no longer owns any LJnit, rent or otherwise assignl any unassigned Stalis to Owners or Occupants. . I 7.�.2 The use rights with respect to each Stall shall be deemed to be licensed I exclu�'ively to the Owner of the Unit to which the Sta11 is assigned. The Association shall maint�in records identifying the Stalls, the Units to which they are assigned,the names of the O ners of the Units, and the dates of assignment and any reassignments. A written certifi ate of garage stall assignment(the"Garage Certificate") shall be signed and dated I � on be alf of the Association and made available for delivery on the date the Owner acqui�}es title to the Unit to which the Stall is assigned. The Association shall not unilat�rally reassign any Stall assigned to a Unit, except for handicapped Stall ass�g ments which may be unilaterally transferred by the Association to accommodate legall�handicapped persons. . � I 7.8.3 A Sta31 shall remain with the Unit ta which is it assigned unti]the license is tra�sferred in accordance with this Section 7.8.3. Subject to Section 7.8.2, a Stall licen e may be transfetred to another Unit, but only by first delivering to the Association (i) a ritten transfer certificaEe, in a form approved by the Association, signed by the trans ror and the transferee, and (ii) all prior Garage Certificates and copies thereof issue�l with respect to.the Stail. The Association shall review ihe proposed transfer . certif�cate for compliance with this Section 7 and, if the transfer complies, the Asso iation shall transfer the license on its records to the Unit owned by the transfered and i sue a new Garage Certificate to the transferee. The ticense to use the Stall shall rema n with the Owner and the Unit to which it is assigned until the license is transferee in ac ordance with this Section "1.8. In the absence of a properly executed assignment to the �ontrary, the license to use a Stall assigned to a Unit at the time of the Unit's � conv�yance shal! be automatically assigned with the conveyance of title to the Unit. I 7.8.4 An Owner may rent or allow the use of the Stall assigned to his or her Unit j only Ito or by other Owners and Occupants. The lease or other use right shali be in � writt�n form, and shall terminate when the lessor, lessee, or other user is no longer an . Own r or Occupant, regardless of the terms of any agreement to the contrary. The Own r shall give the Association advance written notice of any lease or use agreeircent with respect to the Stall assigned to that Owner's Unit,and shall promptly provide a copy� of th lease or use agreement to the Association. The Association may hold,reassign the licen e for, or rent, a Stall assigned to it in the same manner as an Owner, except for th� � Stall�reserved for use by Owners. I I 7.8.5 The interest of a secured party holding a first lien or other security interes I on al Unit shall include the license to any Stal1 which is assigned to the Unit, and sai righ�s shall be included within the secured party's interest acquired in the event of fore�losure of the lien or other security interest. MPLS-Word952$lJ l t� � — -- - — - ._ .._ .. . _ �