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Agenda - Council - 08/28/2007
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Agenda - Council - 08/28/2007
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3/19/2025 1:31:36 PM
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8/24/2007 12:11:59 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/28/2007
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<br />- 26 - <br /> <br />e. Responsibility for maintenance and repair of the Common <br />Property; <br />f. Expansion 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 /> <br />mortgages on Houses to which are allocated at least sixty-seven <br /> <br />percent (67%) of the votes in the Association is required to <br /> <br />abandon or terminate the Association, except as provided by law <br /> <br />in the case of substantial destruction by casualty or in case of <br /> <br />a taking by condemnation or eminent domain. <br /> <br />Section 12.3. No House or Lot may be partitioned or <br /> <br />subdivided. <br /> <br />Section 12.4. The right of an Owner to sell, transfer, or <br /> <br />otherwise convey his or her house shall not be subject to any <br />right of first refusal or similar restrictions. <br />Section 12.5. Any First Mortgagee, or any purchaser at a <br /> <br />foreclosure s8,le, that comes into pos ses s ion of a House or Lot by <br /> <br />. . <br />~oreclbsure of the mortgage or by deed or assignmeut in lieu of <br />foreclosure, will take the House or Lot free of any claims fer <br /> <br />unpaid assessments or any other charges or liens imposed against <br /> <br />the House or Lot by the Association which have accrued against <br /> <br />such House or Lot prior to the acquisition of possession of the <br /> <br /> <br />House or Lot by said First Mortgagee or purchaser, except for a <br /> <br />share of such assessments or charges resulting from and based <br /> <br />upon a reallocation of the same among all Rouses or Lots in <br /> <br />accordance with their ownership interest. <br /> <br />Section 12.6. All taxes, assessments and charges which may <br />
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