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<br />Section 1. <br /> <br />Section 2. <br /> <br />Section 1. <br /> <br />i. Hazard or fidelity insurance requirements; <br /> <br />j. Imposition of any restrictions on the leasing of Units; <br /> <br />k. Imposition of any restrictions on a Unit owner's right to sell or <br />transfer his or her Unit; <br /> <br />I. A decision by the Association to establish self-management a <br />professional management had been required previously by the <br />holder of a First Mortgage on a Unit; <br /> <br />m. Restoration or repair of the project (after damage or a partial <br />condemnation) in a manner other than that specified in the <br />Declaration; or <br /> <br />n. Any provisions that expressly benefit Mortgage holders, insurers, <br />or guarantors. <br /> <br />ARTICLE XXII <br />WORKING CAPITAL FUND <br /> <br />Establishment. The Declarant shall establish a Working Capital Fund <br />intended to meet unforeseen expenditures or to purchase any additional <br />equipment or services. At the time control of the Association is <br />transferred to owners, Working Capital Fund shall be transferred to the <br />Association for deposit in a segregated fund. The fund shall be initially <br />established in the amount equal to two months assessments on all Units. <br />The amount attributable to a particular Unit will be collected and <br />deposited in the fund at the time of closing of Declarant's sale of the <br />Unit, provided that when control of the project is transferred to owners, <br />the amounts attributable to all Units which have not been closed shall <br />be collected. A contribution from each Unit to the Working Capital Fund <br />is measured by two months assessments, but amounts paid into the fund <br />are not advance payments of regular assessments. <br /> <br />Declarant's AccountinQ. The Declarant may not use Working Capital <br />Funds to defray any of its expenses, reserve contributions or <br />constructions costs or to make up any budget deficits while it is in control <br />of the Association. When unsold Units are sold, however, the Declarant <br />may reimburse itself from funds collected at a Unit closing for money it <br />paid the Association for that Unit's share of the Working Capital Fund. <br /> <br />ARTICLE XXIII <br />MISCELLANEOUS <br /> <br />Riaht to Cure. In the event that any owner violates any covenant or fails <br />to perform any condition contained in this Declaration, the Association <br />may perform the Act, remove the defect or correct the violation upon <br />Thirty (30) days written notice to the owner. If the Association so acts <br />on behalf of an owner, the Association may levy an assessment against <br />the owner's Unit for the cost of the performance or the correction. <br /> <br />16 <br />