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2670 Kelley Parkway - 33-118-23-12-0046 Unit #116
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Condominium, declaration
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Entry Properties
Last modified
8/22/2023 4:46:18 PM
Creation date
3/23/2017 12:08:20 PM
Metadata
Fields
Template:
x Address Old
House Number
2670
Street Name
Kelley
Street Type
Parkway
Address
2670 Kelley Parkway
Document Type
Misc
PIN
3311823120046
Supplemental fields
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. i. . <br /> .._ , <br /> : <br /> ' � , <br /> provisioni governing the following: (i) voting rights; (ii) increases in an annual Assessment of ' <br /> more than twenty-five percent over the prior year's annual Assessment;(iii)Assessment liens,or <br /> priority o�f Assessment liens; (iv}reductions in reserves for rnaintenance,repair and replacem nt <br /> of Common Elements; (v) responsibility for maintenance and repairs; (vi) reallocation of <br /> interests in the Common Elements or Limited Cammon Elements, or rights to their use; ( ii) <br /> redefinitian af any Unit boundaries; (viii) canvertibility of Units into CamFnon Elernents or v�ce <br /> versa; (ix) expansion or contraction of the Property or the addition, annexation ar withdrawal,of <br /> property to or frorn the Property; (x) hazard or fidelity insurance requi;ements; (xi) imposition of <br /> material qestrictions on the leasing of Units; (xii) imposition of any restrietions on an Own 's <br /> right to sell or transfer his or her Unit; (xiii) restoration or repair of the Property (after a haz rd <br /> damage br partial condemnation) in a manner other than that specified in the Govern ng <br /> Documer�ts; (xiv) any action to terminate the le�al status of the Condominium after substan ial <br /> destruction or condemnation occurs; or (xv) any provisions that expressly benefit Eligi le <br /> MortgagQes,or insurers or guarantors of mortgages. <br />� <br /> 1$.Z Consent to Certain Actions. Subject to Declarant's rights under Seetion, e <br /> written consent of Eligible Mortgagees representing at ]easT sixty-seven percent of the Units t at <br /> are subject to first mortgages held by Eli�ible Mortgagees {based upon one vote per nit <br /> financed� shall be required to {i) abandon or terminate the Condominium; (ii} change he <br /> a3locations of voting rights,Common Expense obligations or interests in the Common Eleme ts; <br /> {iii) partition or subdivide a Unit except as permitted by statute; {iv) abandon, partiti n, <br /> subdivide, encumber, or sell any Common Elements; or {v) use hazard insurance proceeds or <br /> other than the repair,replacement or reconstruction of the Property,except as otherwise provi ed <br /> by law. I, <br /> 1$.3 Consent to Subdivision. No Unit may be partitioned or'subdivided without �t�e <br /> prior written approval of the Owner and Eligible Mortgagee thereof,and the Association. <br /> t 5,4 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 /> 15.5 Priority of Lien. tlny Person who comes into possession of a Unit by foreclos re <br /> of the fi�st mortgage on a Unit, or by deed or assignment in lieu of foreclosure of the rst <br /> mortgag� on a Unit, takes the Unit free of any clairns for unpaid Assessments or any o er <br /> charges or liens imposed against the Unit by the Association which have accneed against s ch <br /> Unit prior to the acquisition of possession of the Unit by said Person; (i) except as pravide in <br />, � Section �i.9 and the Act and (ii) except that any unreimbursed Assessments or charges ma be <br /> reallocat�d among all Units in accordance with their interests in the Common Elements. ' <br /> 1I5.6 Prioritv of T'axes and Other Charges. All taxes, assessments and charges w ich <br /> may becpme liens prior to the first mortgage under state law shall relate only to the indivi ual <br /> Units and not to the Property as a whole. <br /> i 1I5.7 Prioritv for Condemnation Awards. No provision of the Goveming Docum nts <br /> shall giv'�an Owner, or any other party,priority over any rights of the Eligible Mortgagee o the <br /> Unit pur�uant to its mortgage in the case of a distribution to such Owner of insurance proceed or <br /> condemr�ation awards for losses to or a taking of the Unit and/or the Common Elements. he <br /> Mr�s-wo�dl 9szs,.�� 35 <br />
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