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2021-03-24 CC Packet
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2021-03-24 CC Packet
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<br />Rights with the County Recorder, setting forth a description of the right being <br />assigned, and the identity of the assignee. <br /> <br />SECTION 15 <br />RIGHTS TO <br />RELOCATE UNIT BOUNDARIES AND ALTER UNITS <br /> <br />15.1 Declarant shall have the right, without the consent of the Owners or the <br />Association, to: 1) relocate boundaries between Units owned by Declarant; 2) <br />combine Units, by removing boundaries between adjacent Units owned by <br />Declarant; and 3) convert Units owned by Declarant, or any part thereof, into <br />additional Units or Common Elements. Additionally, Declarant may amend this <br />Declaration in order to subdivide or convert Units without the consent of the <br />Owners. <br /> <br />SECTION 16 <br />AMENDMENTS <br /> <br />This Declaration may otherwise be amended by the consent of (i) Owners of Units to which are <br />allocated at least sixty-seven percent (67%) of the votes in the Association; and (ii) the consent <br />of Declarant, as long as Declarant or a Homebuilder owns a Unit. Consent of the Owners may <br />be obtained in writing or at a meeting of the Association duly held in accordance with the By- <br />Laws. Consent of the Declarant shall be in writing. The Amendment shall be effective when <br />recorded. An affidavit by the Secretary of the Association as to the outcome of the vote, or the <br />execution of the foregoing agreements or consents, shall be adequate evidence thereof for all <br />purposes, including without limitation, the recording of the amendment. <br /> <br />SECTION 17 <br />RIGHTS OF ELIGIBLE MORTGAGEES <br /> <br /> <br />17.1 Priority of Lien. Any holder of a first mortgage on a Unit or any purchaser of a <br />first mortgage at a foreclosure sale, that comes into possession of a Unit by <br />foreclosure of the first mortgage or by deed or assignment in lieu of foreclosure, <br />takes the Unit free of any claims for unpaid assessments or any other charges or <br />liens imposed against the Unit by the Association which have accrued against <br />such Unit prior to the acquisition of possession of the Unit by said first mortgage <br />holder or purchaser except for (i) a lien in favor of the association for unpaid <br />assessments for common expenses levied and which became due, without <br />acceleration, during the six months immediately preceding the first day following <br /> <br /> <br /> <br /> <br />_____ <br />32 <br />022818 <br /> <br />
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