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05/07/91
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05/07/91
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7/22/2025 9:16:30 AM
Creation date
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Meetings
Meeting Document Type
Agenda
Document Title
Planning and Zoning Commission
Document Date
05/07/1991
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e. Responsibility for maintenance and repair of the Common <br /> Property; <br /> f. E~pansion or contraction of the Property or the <br /> addition, annexation or withdrawal of property to or <br /> from the Property; <br /> g. Boundaries of any Lots; <br /> h. Rights to use of Common Driveway. <br /> <br /> Section 12.2, The consent of First Mortgagees holding <br /> mortgages on Houses to which are allocated a~ least si×ty-seven <br /> percent (67%) of the votes in the Association is required to <br /> abandon or terminate the Association, e~:cept as provided by law <br /> in the case of substantial destruction by casualty or in case of <br /> a taking by condemnation or eminent domain. <br /> <br /> Section 12.3. No House or Lot may be partitioned or <br /> subdivided. <br /> <br /> Section !2.4. The right of an O%~aer to sell, transfer, or <br />othe:-~'ise convey his or her house shall not be subject to any <br />right of first refusal or similar restrictions. <br /> <br /> Section !2.5. Any First Nortgagee, or any purchaser at a <br />foreclosure s~le, that comes in~o possession of a House or Lo~ <br />foreclosure of the mortgage or by deed or assignment in lieu of <br />forec~osu~~e, w~!~~ ~ take the House or Lot free of any c!ai~s for <br />unoaid assessments or any other charges or liens Loosed against <br />the House or Lot by. the Association ~¢nich have acc_-ued ===_~.._~-~.~' <br />such House or Loto. rio~.~ to the acquisition of possession of the <br />House cr Lot by said First Mortgagee or purchaser, except for a <br />share of such assessments cr charges resulting from and based <br />upon = reallocation of the same among '~ '? <br /> <br />accordance "~''~ ' ' ' <br /> ._~ %noir ownersr. Lp interest. <br /> <br /> <br />
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