Agenda - Council - 02/28/1984 - Laserfiche WebLink

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I I I I i I I I I I I I I I I I I and hold for the uss and benefit of all of the members tensibls and personal property and subject to th$ provtsto~ of its Articles may dispose of the sa~n~ by sale or otha~ias. Such bermflctal interest shall not be trans- ferable except Hlth the transfer off · unit. {t transfer of unit shall transfer to the trar~aferee o~erahip of 'th~ tranereror'e bensfic~l interest in such property .itho~i"~y reference t~4reto. ~.~r.b He.hat may ~ms ~uch property in accordance with the purposel fo~ which it ~l intended~ ,lthout binderin8 encroaching upon the lawful rt~ht~ of other 14emha~l. The transfer of title to a unit under foreclosure shall entitled the pm-chaser to the interest in such personal property associated #1th the foreclosed tmito Section 4. Access: The &esociltimm shall have the risht of reasonable ingress and egress over and upon the Fremiass For any and ell purposes con- nected with the use, maintenance, construction, operation, repair, reconstruction and administration set forth in Sections 1 and 2 above in this Article Section 5. Easements: The Associatio~ shall have the right to grant or relocate ease,~nti and to dedicate, ·ell or transfer all or any part or the Co~non Property to any &over~n~al subdivision or public agency or utility for such purposes amd subject to such conditions as may be a&reed to an~ duly authorized by at least seventy-five (75%! pe~cent or more of the Oensre units (excluding Declarant) and seventy-five .(?5%) percent ar more of the holders of first mortgages then of ~ecord a&ainat the units Ibased upon one vote for each first mort4~age o~ned). . Section 6. timitations on Association's Rights.'. Unless at least seventy- five (~5~} percent of the holders of first ~rt~agea then of record against the units (based upon one vote for each ~rtgage o~ned~ and O~nsrs of unite havlRg seventy-five 175~) percent of the voting interest in the Association (other than Declarant}' have &ivan thai~ prior written appreval, the Association shall not be entitled to: A. By act or omission, seek to abandon, par~ition, subdivide, encumber, sell or transfer the Coe~on Proper~y or any portion thereof. The grantin& of euse~ente fo~ public utilities or for other public purposes consistent with the intended uss of such Coe~o~ Property by the Association shall not be deemeg · ~ithin the meanin8 of thil clause. B. Chmnse the method of det4rmZntn{ tbs Imses~mentl ~{ch pay b~ levied lsainst the C. By Ict or omission, chan~, MItre or Iblndo~ Iny lctmmt ~