My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Condominium declaration
Orono
>
Property Files
>
Street Address
>
K
>
Kelley Parkway
>
2670 Kelley Parkway - 33-118-23-12-0045 Unit #115
>
Misc
>
Condominium declaration
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2023 4:46:17 PM
Creation date
3/23/2017 12:00:02 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120045
Supplemental fields
ProcessedPID
Updated
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
46
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
•t <br /> i <br /> � . � . <br /> provision governing the following: (i) voting rights; (ii) increases in an annual Assessment of • <br /> more than twenty-five percent over the prior year's annua]Assessment;(iii)Assessment liens,or <br /> priority of Assessment liens; (iv}reductions in reserves for maintenance, repair and replacement <br /> of Common Elements; (v) responsibility for maintenance and repairs; (vi) reallocation of <br /> interests in the Common Elements or Limited Common Elements, or rights to their use; (vii) <br /> redefinition of any Unit boundaries; (viii) convertibility of Units into Cammon Elements or vice <br /> versa; (ix) expansion or contraction of the Property or the addition, annexation or withdrawal of <br /> property to or from the Property; (x) hazard or fidelity insurance requirements; (xi) imposition of <br /> material restrictions.on the leasing of Units; {xii} imposition of any restrictions on an Owner's <br /> right to sell or transfer his or her Unit; (xiii) restoration or repair of the Property(after a hazard <br /> damage or partial condemnation) 'rn a manner other than that specified in the Goveming <br /> Documents; (xiv) any action to terminate the lega] status of the Condominium after substantial <br /> destruction or condemnation oGcurs; or (xv) any provisions that expressly benefit Eligible <br /> Mortgagees,or insurers or guarant�rs of mortgages. <br /> � � <br /> 15.2 Consent to Certain Actions. Subject to Declarant's rights under Section, the <br /> written consent of Eligible Mortgagees representing at least sixty-seven percent of the Units.that <br /> are subject to first mortgages held by Eligible Mortgagees (based upon one vote per Unit <br /> financed} shall be required to (i) abandon or terminate the Condominium; (ii} change the <br /> allocations of voting rights,Common Expense obligations or interests in the Common Elements; <br /> (iii) par#ition or subdivide a Unit except as permitted by statute; {iv) abandon, partition, <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 provided <br /> by law. <br /> 15.3 Consent to Subdivision. No Unit may be partitioned or'subdivided without the <br /> prior written approval of the Owner and Eligible Mortgagee thereof,and the Association. <br /> 15.4 Na Right of First Refusal. The right of an Owner to sell, transfer, or otherwise <br /> convey his or 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 possession of a Unit by foreclosure <br /> of the first mortgage on a Unit, or by deed or assignrnent in lieu of foreclosure of the first <br /> mortgage on a Unit, takes the Unit free of any claims for unpaid Assessments or any other <br /> charges or liens imposed against the Unit by the Association which have accrued against such <br /> Unit prior to the acquisition of possession of the Unit by said Person; (i) except as provided in <br /> Section 6.9 and the Act and (ii) except that any unreimbursed Assessments or charges may b� <br /> reallocated among ali Units in accordance with their interests in the Common Elements. ' <br /> 15.b Prioritv of Taxes and Other Charees. All taxes, assessments and charges which <br /> may become liens prior to the first mortgage under state law shall relate only to the individual <br /> Units and not to the Property as a whole. <br /> ! 15.7 Prioritv for Condemnation Awards. No provision of the Goveming Documents <br /> shall give an Owner, or any other party, priority over any rights of the Eligible Mortgagee of the <br /> Unit pursuant to its mortgage in the case of a distribution to such Owner of insura.nce proceeds or <br /> condemnation awards for losses to or a taking of the Unit and/or the Common Elements. Ti�e <br /> MPLS-Word 9528Lt 1 35 <br />
The URL can be used to link to this page
Your browser does not support the video tag.