Condominium Declaration - Laserfiche WebLink

Home Browse Search

i �, . . . , 13.7 Enforcement bv Ovmers. The provisions of this Section shall not limit or impair � the independent rights of other Owners to enforce the provisions af the Governing Documents, the Rules and Regulations,and the Act, as pmvided therein. 13.8 Liti a�tiori. Notwithstanding anything contained herein to the contrary, the • Association may not commence any judicial or administrative action on behalf of the Owners � (other than an action commenced to enforce the Gaverning Docnments or the Rules and Regulatioris, or to defend the Association), without frst obtaining the affirmative vote of the �wners to which are allocated at least sixty-seven percent of the votes in the Association, in peison or by praxy, at a meeting called for such purpose in accordance with the Bylaws, or by written ballot. SECTION 14 AMENDMENTS � I 14.1 Approval Requirements. Except for amendments by Declarant pursuant to Section 16, this Declaration may be amended anly by the approvai of 14.1.1 The Board; and 14.1.2 The Owners of Units to which are allocated at least sixty-seven percent of the total votes in the Association,except as otherwise provided by the Act; and 14.1_3 Declarant as to certain amendmenis as provided in Section 16;and 14.1.4 The percentage af Eligible Mortgagees (based upon one vote per Unii finance)as and if reqaired by Section I5. 14.2 Proceduses. Approval of the Owners may be obtained in writing or at a meeting of the Association duly held in accordance with the Bylaws. Consents of Eligible Mortgagees and Declarant, if required, shall be in writing. Any amendment shall be subject to any greater requirements imposed by the Act. 1fie amendment shall be effective when recorded.as provided in the Act. An affidavit by the Secretary ar the President of the Association as to the outcome of the vote, or the execution of the foregoing agreements or consents, shall be adequate evidence thereof for a!1 purposes, including without limitation;the recording of the amendment_ SECTION 15 RIGHTS OF ELIGIBLE MQRTCAGEES Notwithstanding anything to the contrary in the Governing Documents, but subject to the Act or other laws, Eligible Mort�agees shall have the foliowing rights and protections: 151 Consent to Certain Amendments. Subject to Declarant's rights under Section 15, the v✓ritten consent of Eligible Mortgagees representing at least fifty-one percent of the Units that are subject to first mortgages held by Eligible Mortgagees (based upon one vote per Unit financed) shall be required for any amendment to the Governing Documents which changes any MPLS-Word 95281.1 I 34 1