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2670 Kelley Parkway - 33-118-23-12-0042 Unit #112
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Condominium Declaration
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Last modified
8/22/2023 4:46:16 PM
Creation date
3/23/2017 11:27:15 AM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120042
Supplemental fields
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i. <br /> � , " • i ' <br /> provision governing the following: (i) voting rights; (ii) increases in an annual Assessmen of ' <br /> more than twenty-five percent over the prior year's annual Assessment; (iii)Assessment liens or <br /> priority a,f Assessment liens; (iv} reductions in reserves for maintenance, repair and replacem nt <br /> of Common Elements; (v) responsibility for maintenance and repairs; (vi) reaflocation of <br /> interests in the Common Elements or Limited Common Etements, or rights to their use; ( ii) <br /> redefinition of any Unit boundaries; (viii) convertibility of Uniis into Camrnon Elements or v'ce <br /> versa; (i�) expansion or contraction of the Properiy or the addition, annexation or withdrawa of <br /> property ta or frorn the Property; (x) hazard or fidelity insurance requirements; (xi) impositio of <br /> material restrictions on the leasing of Units; (xii} imposition of any restrictions on an Own r's <br /> right to sell or transfer his or her Unit; (xiii) restoration or repair of the Property {after a haz rd <br /> damage or partial condemnation) in a manner other than that specifed in the Govern ng <br /> Documerits; (xiv} any action to terminate the legal status of the CondQminiurn after substan ial <br /> destruction or condemnation occurs; or (xv) any provisions that expressly benefit Eligi le <br /> Mortgagees,or insurers or guarantors of mortgages. <br /> i ' <br /> 1�.Z Consent to Certain Actions. Subject to Declarant's rights under Section, e <br /> written consent of Eligible Mortgagees representing at leasT sixty-seven percent of the Units t at <br /> are subject to first mortgages held by Eligible Mortgagees {hased upon one vote per nit <br /> financed� shall be required to (i) abandon or terminate the Condominium; {ii) change e <br /> allocations of voting rights,Common Expense obligations or interests in the Common Eleme ts; <br /> (iii) partition or subdivide a Unit except as permitted by statute; (iv) abandon, partiti n, <br /> subdivide, encumber, or sell any Common Elements; or {v) use hazard insurance proceeds for <br /> other than the repair,replacement or reconstruction of the Property, except as otherwise provi ed <br /> by law. ' <br /> 153 Consent to Subdivision. No Unit may be partitioned or'subdivided without he <br /> prior wri�ten approval of the Owner and Eligible Mortgagee thereof,and the Association. <br /> 15.4 No Ri�ht of First Refusal. The.right of an Owner to sell, transfer, or othe ise <br /> convey his or her Unit shall not be subject to any right of first refusal or similar restrictions. <br /> i 5.5 Prioritv of Lien. Any Person who comes into possession of a Unit by foreclos re <br /> of the first mortgage on a Unit, or by deed or assignment in lieu of foreclosure of the rst <br /> mortgage on a Unit, takes the Unit free of any claims for unpaid Assessments or any ot er <br /> charges or liens imposed against the Unit by the Association which have accrued against s ch <br /> Unit pridr to the acquisition of possession of the Unit by said Person; {i) except as pravide in <br /> Section b.9 and the Act and (ii} except that any unreimbursed Assessments or charges may be <br /> reallocated among all Units in accordance with their interests in the Common Elements. ' <br /> 15.b Prioritv of Taxes and Other Char�es. All taxes, assessments and charges wh'ch <br /> may became liens prior to the first mortgage under state law shall relate only to the indivi al <br /> Uniu and not to the Property as a whale. <br /> i 15.7 Prioritv for Condemnation Awards. No provision of the Governing Docum nts <br /> shall give an Owner, or any other party, priority over any rights of the Eligible Mortgagee of he <br /> Unit pursuant to its mortgage in the case of a distribution to such Owner of insurance proceed or <br /> condemn�ation awards for losses to or a taking of the Unit and/or the Common Elements. he <br /> MPLS-Word 95281.i 1 35 <br />
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