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2670 Kelley Parkway - 33-118-23-12-0036 Unit #106
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Condominium Declaration
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Entry Properties
Last modified
8/22/2023 4:46:12 PM
Creation date
3/22/2017 2:00:09 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120036
Supplemental fields
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Updated
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', . . <br /> provisi�n governing the following: {i) voting rights; (ii) increases in an annual Assessme t of ' <br /> more t an twenty-five percent over the prior year's annual Assessment; (iii)Assessment lie s,or <br /> priority of Assessment liens; (iv} reductions in reserves for maintenance, repair and replace ent <br /> of Co mon Elements; (v) responsibility for maintenance and repairs; (vi) reallocatio of <br /> interest in the Common Elements or Limited Common Elements, or rights to their use; (vii) <br /> redefini ion of any Unit boundaries; (viii) convertibility of Uniis in[o Cammon Elements er vice <br /> versa; (x) expansion or contraction of the Properiy or the addi"tion, annexation or withdraw i of <br /> propert to or from the Property; (x) hazard or fidelity insurance requirements; (xi) impositi n of <br /> materia�restrictions on the ]easing of Units; (xii} impositian of any resirictions on an Ow er's <br /> right to�sell or transfer his or her Unit; (xiii) restoration or repair of the Property(after a h ard <br /> damage or partial condemnation) in a manner other than that specified in the Gove ing <br /> Docum nts; (xiv) any action to terminate the lega] status of the Condominium after substa tial <br /> destruct �n or condemnation occurs; or (xv) any provisions that expressly benefit Eli�ble <br /> Mortga ees,or insurers or guarantors of mortgages. <br /> i <br /> 5.2 Consent to Certain Actions. Subject to Declarant's rights under Seetion, the <br /> written onsent of Eligible Mortgagees representing at leasT sixty-seven percent of the Units that <br /> are sub ect to first mortgages held by Eligible Mortgagees {based upon one vote per nit <br /> finance ) shall be required to (i) abandon or terminate the Condominium; (ii) change the <br /> allocati ns of voting rights,Common Expense obiigations or interests in the Common Elem nts; <br /> (iii) pa ition or subdivide a Unit except as permitted by statute; {iv) abandon, parti ion, <br /> subdivi e, encumber, or sell any Common Elements; or {v) use hazard insurance proceed for <br /> other th n the repair,replacement or reconstruction of the Property,except as otherwise prov ded <br /> by law. <br /> 153 Consent to Subdivision. No Unit may be partitioned or'subdivided without the <br /> prior tten approval of the Owner and Eligible Morkgagee thereof,and the Association. <br /> t5.4 No Ri�ht of First Refusal. The.right of an Owner to sell, transfer, or othe ise <br /> convey ,is or her Unit shall not be subject to any right of first refusal or similar restrictions. <br /> 1�5.5 Prioritv of Lien. Any Person who comes into�ossession of a Unit by foreclo ure <br /> of the fi�st mortgage on a Unit, or by deed or assignrnent in lieu of foreclosure of the �rst <br /> mortgag� on a Unit, takes the Unit free af any clairns for unpaid Assessments or any o her <br /> charges r liens imposed against the Unit by the Association which have accrued against s ch <br /> Unit pri r to the acquisition of possession of the Unit by said Person; (i) except as provide in <br />. � Section ,9 and the Act and (ii) except that any unreimbursed Assessments or charges ma be <br /> reall_ocat d among all Units in accordance with their interests in the Cornmon Elements. � <br /> 1 .b Prioritv of Taxes and Oiher Char�es. All taxes, assessments and charges w ich <br /> may bec�me liens prior to the first mortgage under state law shall relate only to the indivi al <br /> Umts an not to the Property as a whole. <br /> I I .7 Prioriry for Condemnation Awards. No provision of the Goveming Docum ts <br /> shall giv an Owner, or any other party,priority over any rights of the E(igible Mortgagee of he <br /> Unit pur ant to its mortgage in the case of a distribution to such Owner of insurance proceed or <br /> c�ndemn tion awards for losses to or a taking of the Unit and/or the Common Elements. he <br /> MPLS-word s2s,.>> 35 <br />
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