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2670 Kelley Parkway - 33-118-23-12-0037 Unit #107
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Condominium Declaration
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Entry Properties
Last modified
8/22/2023 4:46:13 PM
Creation date
3/22/2017 2:08:02 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120037
Supplemental fields
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�T I <br /> ! � • <br /> provision g verning the following: (i) voting rights; (ii) increases in an annual Assessment o ' <br /> more than tqventy-five percent over the prior year's annual Assessment;(iii)Assessment liens,o <br /> priority of ssessment liens; (iv}reductions in reserves for maintenance, repair and replacemen <br /> of Commo Elements; (v) responsibility for maintenance and repairs; {vi) reallocation o <br /> interests in he Common Elernents or Limited Common Elements, or rights to their use; (vii <br /> redefinition of any Unit boundaries; (viii) convertibility of Uniis into Cammon Elernsnts or vic <br /> versa; (ix) pansion or contraction of the Property or the addition, annexation or withdrawal o <br /> property to r fram the Property;(x) hazard or fidelity insurance requirements; (xi) imposition o <br /> material res rictions on ihe leasing of Units; (xii) imposition of any restrictions on an Owner' <br /> right to selt or transfer his or her Unir, (xiii) restoration or repair of the Property (after a hazar <br /> damage or partial condemnation) in a manner other than that specified in the Governin <br /> Documents; (xiv) any action to terminate the legal status of#he Condominium after substantia <br /> destruction or condemnation accurs; or (xv) any provisions that expressly benefit Eligibl <br /> Mortgagees or insurers or guarant�rs of mortgages. <br />� 15.2 Consent to Certain Actions. Subject to Declarant's rights under Section, th <br /> written con ent of Eligible Mortgagees representing at least sixty-seven percent of the Units.tha <br /> are subject to first mortgages held by Eligible Mortgagees (hased upon one vote per Uni <br /> financed) s all be required to (i) abandon or terminate the Condominium; (ii) change th <br /> allocations f voting rights,Common Expense obligations or interests in the Common Elements <br /> (iii) partiti n or subdivide a Unit except as permitted by statute; {iv) abandon, partitio <br /> subdivide, ncumber, or sell any Common Elements; or {v) use hazard insurance proceeds fo <br /> other than t e repair,replacement or reconstruction of the Property,except as otherwise provide <br /> by law. <br /> 15.3 Consent to 5ubdivision. No Unit may be partitioned or'subdivided without th <br /> prior writte approval of the Owner and Eligible Mortgagee thereof,and the Association. , <br /> l5. Na Ri�ht.of First Refusal. The right of an Owner to sell, transfer, or ot3�erwis <br /> convey his r her Unit shall not be subject to any right of first refusal or similar restrictions. <br /> 15.5 Prioritv of Lien. Any Person who comes into �ossession of a Unit by foreclosur <br /> of the first mortgage on a Unit, ar by deed or assignrnent in lieu of foreclosure of the fir <br /> mortgage o a Unit, takes the Unit free of any claims for unpaid Assessments or any othe <br /> charges or iens imposed against the Unit by the Association which have accrued against suc <br /> Unit prior t the acquisition of possession of the Unit by said Person; {i) except as provided i <br /> � Section 6.9 at�d the Act and (ii) except that any unreimbursed Assessments or charges may b <br /> reallocated mong a11 Units in accardance with their interests in the Common Elements. � <br /> 15. Prioritv of Taxes and Other Charges. All taxes, assessments and charges whic <br /> may beca e liens prior to the first mortgage under state law shall relate only to the individu 1 <br /> Uniu and n t to the Property as a whole_ <br />; 15. Prioritv for Condemnation Awards. No provision of the Governing Documen <br /> shall give a Owner, or any other party, priority over any rights of the Eligible Mortgagee of th <br /> Unit pursu t to its mortgage in the case of a distribution to such Owner of insurance proceeds o <br /> condemnati n awards for losses to or a taking of the Unit and/or the Common Elements. Th <br /> MPLS-Word 95 1.1! 3 5 <br />
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