Laserfiche WebLink
<br />1- <br /> <br />ARTICLE U. <br />~~'!..~on of Property_~~_thf! A.ct <br />2.1. Subm~ssion. Devel~per hereby submits the Property <br />to the Act. <br />2.2. ~. The Property shalt ~ereafter be ~nown as the <br />"ROSE PLACE MMlOR HOMES, A Conclominium". <br />2.3. ~ision of.~2e.~tt.J.nto Separ~telt_~'otned Units. <br />Declarant, pursuant to the ~ct, and to establish a plaa of <br />condominium ownership for the Condo~inium, does hereby divide the <br />Property into Eight (8) Units, consisting of ~ight (8) Home Units <br />and Eight ~8) Garage Units (in two buildings), and does her~by <br />designate atl snch Units for separate ownership, subject, <br />however, to the provisions of Section 2.4 hereof. <br />2.4. Subd~vision, Conversion. or Relocation of <br />Bound_~"ies. Sllbject to the Pl.'ov1sions of the By1dws and the <br />rlghts of First Mortg~gees, a un~t Owner, including Declaran~, may <br />subdlvide or convert his Unit or Units, or relocate the bo~ndaries <br />of his Unit or Units, pursuant to Sections 51571..2-114 and <br />5151\.2-115 of the Act. Th~ right and permission hereby granted to <br />Declarant shall and does apply to all UnLts at any time owned by <br />Declarant, including those that may have been reacquired by <br />Declarant after a sale. <br />2.5 ~eration8 of Units. Subject to the provisions of <br />the Bylaws, a Unit may be altered pursuant to the provisions of <br />Section 515A.2-1l3 of the ~ct. <br /> <br />-1- <br />