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The u n d e r s i g n e d D e v e l o p e r t b e i n g t h e owner o f f e e simple t i t l e o f 'record to t h o s e c e r t a i n land& l o c a t e d and s i t u a t e i n Dade C o u n t y , F l o r i d a , b e i n g More p a r t i c u l a r l y d e s c r i b e d i n E x h i b i t "B" a t t a c h e d h e r e t o d o e s h e r e b y s u b m i t t h e s a i d l a n d s and i m p r o v e m e n t s t h e r e o n to condominium o w n e r s h i p p u r s u a n t t o the presently existing provisions of C h a p t e r 718 o f the F l o r i d a S t a t u t e s , a s a m e n d e d to t h e d a t e h e r e o f , h e r e i n a E t e r c a l l e d t h e "Condominium A c t "

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1. The name b y which this condominium i d e n t i f i e d i s VILLA BAY VISTA CONDOMINIUM.

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2. Definitions. T h e terms used i n t h i s D e c l a r a t i o n and i n i t s e x h i b i t s , i n c l u d i n g t h e A r t i c l e s oE I n c o r p o r a t i o n and By-Laws oE V I L L A BAY VISTA OWNERS' ASSOCIATION, I N C . , s h a l l b e deEined i n a c c o r d a n c e with t h c p r o v i s i o n s o f t h e Condominium A c t , ( a s s a i d A c t e x i s t s a s o f t h e d a t e h e r e o f ) and a s f o l . l o w s , u n l c f i s t h e c o n t e x t o t l ~ r : r w i s e r c q u i r c s : 2 . 1 Qar--trnent --Condominium Act.

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(b) Expenses of maintenance, operation, r e p a i r or r e p l a c e m e n t o f t h e common e l e m e n t s , l i m i t e d common e l e m e n t s a n d o f t h e p o r t i o n s oE t h e u n i t s , i f a n y , t o b e m a i n t a i n e d by t h e ~ s s o c i a t i o n . ( c ) C o s t 9 a n d e x p e n s e s oE c a p i t a l i m p r o v e m e n t s a n d b e t t e r m e n t s a n d / o r a d d i t i o n s to t h e common e l e m e n t s .

( d ) That portion oE the expenses oE a d m i n i s t r a t i o n a n d management o f t h e A s s o c i a t i o n a t t r i b u t a b l e to t h e condominium, a s h e r e i n a f t e r set f o r t h and a s s e t E o r t h in the Articles of Incorporation and By-Laws of the Association.

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3.1 A survey o f : t l i ? a I a c j r a p l ~ i cd e s c r i p t i o n of the improvements in whicli rltiitr; arc locateil which i d e n t i f i e s e a c h u n i t by n u m l ~ c r , s o t l i r ~ t nu u n i t b e a r s t.he s a m e d e s i g n a t i o n an a n y otlicr u n i t , a n a I t p a t t ~ c r c o r , a l I. i.n s u f f i c i c n t d e t a i 1 t o i d e n t i l:y tllc r:omlnorl c1cment.r; a n e a c l i U n i t and t h e i r r e l a t i v e l o c a t i o n s ant1 a p p r r > x i ! n a t ? r l i n ~ e n s i o n . ; , a r e a t t a c l ~ c dh e r e t r ~a.s 1Sxtrit)it "13". 3.2 Amendments o f ~.a n . Dcvcloper r e s e r v e s t h e r i g h t to c h a n g e t h e i n t e r i o r tlenicjn 1 a r r a n g e m e n t o f aLl. u n i t s so 1.ong a s D e v c l o p c r owns tlle u r i l t s s r , (:haIItjf?d and a l t e r e d , p r o v i d e d s u c h c h a n g e n l l a l l he rcE1ectec1 by an amendment o f t h i s U e c l . a r a t i o n , ant1 p r o v i d e d , T u r t l i c r , t h a t a n amendment f o r s u c t l p u r p o s e n e e d be n i g n c r l a n d a c k n o w l e d q e d o n l y by t h e D e v e l o p e r and n e e d n o t be a p p r o v e d by t h e A s s o c i a t i o n o r a p a r t m e n t o w n e r s , w h e t l ~ c r o r n o t elr,cwllere r e q u i rctl f o r a n amendment.

t ( a ) A l t e r a t i o n of U o u n d a r i e s a n d A p a r t m e nDimensions. Developer reserves the right to alter the b o u n d a r i e s b e t w e e n u n i t s so l o n g a s D e v e l o p e r owns t h e u n i t s so a l t e r e d ; t o i n c r e a s e o r d e c r e a s e t h e number o f a p a r t m e n t s a n d t o a l t e r t h e b o u n d a r i e s oE t h e common e l e m e n t s s o l o n g as t h e D e v e l o p e r o w n s t h e a p a r t m e n t s a b u t t i n g t h e common e l e m e n t s where t h e b o u n d a r i e s a r e b e i n g a l t e r e d , provided t h a t any such of common alterations shall only a f f e c t the percentage

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t h e u n i t s being a l t e r e d and t h a t no such change s h a l l b e made w i t h o u t amendment oE t h i s D e c l i r a t i o n , a n d P r o v i d e d , f u r t h e r , t h a t a n amendment Eor s u c h p u r p o s e n e e d b e s i g n e d a n d a c k n o w l e d g e d o n l y b y t h e D e v e l o p e r and a p p r o v e d b y t h e I n s t i t u t i o n a l Mortgagee o f a p a r t m e n t s a E ~ e c t e d . where t h e s a i d a a r t m e n t s a r e encumbered m o r t g a g e s or w h e t e t\eY a t e i n c l u d e d i n a n o v e r a 1 icnodni svti rduuca t o n m o r t g a g e o n t h e c o n d o m i n i u m b u i l d i n g , a n d s u c h amendment s h a l l not r e q u i r e t h e a p p r o v a l o f a p a r t m e n t o w n e r s o r of t h e A s s o c i a t i o n . 3.3 ~abements a r e expressly provided for and r e s e r v e d i n f a v o r o f t h e o w n e r s and o c c u p a n t s o f t h e c o n d o m i n i u m b u i l d i n g , t h e i r g u e s t s and i n v l t e e s , i E any, a s Eollows:

Easements are reserved (a) Utilities. through t h e c o n d o m i n i u m p r o p e r t y a s may b e r e q u i r e d f o r u t i l i t y s e r v i c e s i n o r d e r t o e e r v e t h e condominium p r o p e r t y adequately. (b) Encroachments. In t h e e v e n t t h a t any a p a r t m e n t s h a l l e n c r o a c h upon a n y of t h e common e l e m e n t s o r upon a n y o t h e r a p a r t m e n t Tor any r e a s o n o t h e r than the i n t e n t i o n a l or n e g l i g e n t a c t of t h e apartment owner, o r i n t h e e v e n t a n y common e l e m e n t s h a l l e n c r o a c h upon a n y a p a r t m e n t , such a n then an easement s h a l l e x i s t to the e x t e n t of encroachment s o l o n g a s t h e same s h a l l e x i s t . (c) ;rraffic. An c a s e m e n t s h a l l e x i s t Eor p e d e s t r i a n t r a f f i c o v e r , t h r o u g h an11 a c r o s s s i c l e w a l k s , p a t h s , w a l k s , a n d o t h e r p o r t i o n s o f t h e common e1.cments a s may b e , from t i m e t o t i m e , i n t e n d e c l an(1 t l e ~ i < j n a t e t l f o r s u c h I J U ~ P O S C and u s e ; and f o r vchicuLar and p c r l e s t r i a n t r a f f i c o v e r , t h r o u g h a n d a c r o s s s u c l ~ p o r t i o n s o f t h e common e I . e m e n t s a s may, Crom time t r ~ t i m e , b e pavctl a n d i n t e n d e d f o r s11ch p u r p o s e , a n d s u c h c a s e m e n t r,ha1.1 t)e T o r : t h e u s e a n d h e n e f i t of t h e a p a r t m e n t o w n e r s , DcveLopcr ant1 a I. 1 t h o s e c l a i m i n g b y , tlirougl~ o r under t h e a f o r c s a i r l ; p r o v i r l c d ilowever, n o t i l i n g h e r e i n s h a l l be c o n s t r u e d t o g i v c ( ~ rc r c a t c i n a n y p c r s o n t h e r i g h t t o p a r k upon any p o r t i o n of t h ? condominium p r o p e r t y e x c e p t t o t h e e x t e n t t h a t s p a c c may bc s p e c i f i c a l l y r l e . ; i g n a t e ~ I and a s s i g n e d f o r p a r k i n g purpor,cr:. 3 . 4 A ~ a r t m e n t U o u n d ar ips. I a ~ ~ a r t m c n ts h a l l i n c l u d e t h a t a r t o f t h e b u i 1.rliny c o n t ; i i n i n < ] t h e a p ; l r t r n e n t that l i e s within t h e borlndarier; o 1 a p a r t m e n t , whicll boundar i c s a r e a s fol.l.ows:

( a ) 'Yhe u u p p e r and - Lower_,~J~u~d;lcb~jcs o f the apartment s h a l l b e t h e foLlow1nq b T i G E r ~ c s extcnGd t o ;In i n t e r s e c t i o n w i t h t h e p e r i m c t r i c a l l>ounclarics: ( I . ) &per Boundaries plane of t h e u n d c c o r a t c d E i n i s h e d c e i l i n g .

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( b ) The p e r i m e t r i c a l b o u n d a r i e s oE t h e a p a r t ment s h a l l b e t h e v e r t i c a l p l a n e s of t h e u n d e c o r a t e d f i n i s h e d i n t e r i o r o f t h e w a l l s bounding t h e a p a r t m e n t e x t e n d i n g to i n t e r s e c t i o n s w i t h each o t h e r and w i t h t h e upper and lower b o u n d a r i e s , and where t h e r e is a t t a c h e d to t h e b u i l d i n g a balcony, loggia, terrace or canopy, the per imetr i c a l b o u n d a r i e s s h a l l b e e x t e n d e d to i n c l u d e t h e same.

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3 5 Apartments. There a r e . Sixty-Four (64) a p a r t m e n t s i n t h e a p a r thlent b u i l d i n g , each a p a r t m e n t b e i n g i d e n t i f i e d by t h e u s e o f a number, t h e E i r s t numeral of which s h a l l d e s i g n a t e t h e f l o o r upon w h i o h t h e a p a r t m e n t i s l o c a t e d , a n d t h e l a s t two n u m e r a l s o E ' w h i c h s h a l l i d e n t i f y t h e l o c a t i o n of t h e a p a r t m e n t o n t h e E l o o r , a s g r a p h i c a l 1 . y d e s c r i b e d i n E x h i b i t "8" a t t a c h e d h e r e t o . '

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4. Appurtenances to Apartments. The owner o f e a c h apartment s h a l l own a n u n d i v i d e d s h a r e a n d c e r t a i n i n t e r e s t i n t h e condominium p r o p e r t y , w h i c h s h a r e and i n t e r e s t s h a l l b e appurtenant to the apartment, s a i d undivided i n t e r e s t i n t h e condominium p r o p e r t y a n d common e l e m e n t s b e i n g a s d e s i g n a t e d and set f o r t h i n E x h i b i t "A" a t t a c h e d h e r e t o . 4.1

L i m i t e d Common E l e m e n t s .

(a) Storage s ace located within the building s h a l l be a s s i g n e d so a s to p r o v e a t l e a s t o n e ( 1 ) s u c h s p a c e to t h e e x c l u s i v e u s e o f e a c h a p a r t m e n t o w n e r .

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(b) Automobile P a r king Space. L i m i t e d common e l e m e n t s i n c l u d e e x t e r i o r p a r k i n g s p a c e s and a r e a s . Parking s p a c e s s h a l l be a s s i g n e d p u r s u a n t to ttie r u l e s and r e g u l a t i o n s o f t h e A s s o c i a t i o n so a s t o p r o v i d c p a r k i n g f o r o n e ( 1 ) a u t o mobile, i.e., one 1 ) parking space for each apartment, p r o v i d e d , however, i n t h e e v e n t a s p e c i f i c p a r k i n g space is a s s i g n e d i n c o n n e c t i o n w i t l i the s a l e o f an a p a r t m e n t u n i t by t h e Developer, the r i g h t to use o r the said clesignated parking s p a c e s h a 11 p a s s a s a n a p p u r t e n a n c e to t h e conilomininm a p a r t m e n t u n i t owned by t h e a p a r t m e n t owner C(.I whom sllcti s p a c e i s i n i t i a l l y a s s i g n e d , ancl t l i e A s s o c i a t i o r i I 1 a l . 1 n o t t h e r e a f t e r r e a s s i g n o r c h a n g e t h e a i l a p a r t m e n t owner I!; parking space w i t h o u t Iiis w r i t t e n c o n s c n t , p r o v i d c c l , C r ~ r t l ~ c rR, a i d a p a r t m e n t s a i d parkinrj owner s h a l l n o t t r a n s f e r o r a s . ? i g n u n c (11: I s p a c e e x c e p t i n c o n n e c t i o n wit:\) s a l e of tlic c c n ~ l o m i n i r l m a p a r t m e n t u n i t o r wit11 t h e c o n s e n t o f t:lle A r , r ; o c i a t i o n . Designation o f a p a r k i n g s p a c e a s s i g n c r l t o a n apartment: owner may i)e made i n t h e Deed o f C o n v e y a n c e , o r b y a n e p a r a t c i n s t r u m e n t . No t r u c k o r o t h e r c o m m p r c i a l v e h i c l e i a l . . I,? parke(1 in a n y p a r k i n y s p a c e which i s a j n a s a l imi t e d common e l e m e n t o f a n a p a r t m e n t u n i t , e x c e p t w i t h t h e writt:cri corisr?nk o f t h e Developer o r t h e ~ o a r r l of i r t r G u c n t p a r k i n [ ] spat?!; s h a l l c o n s t i t u t e a p o r t i o n r ) f tllc (:ominon e l c m c n t s .

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5. L i a b i l i t y-f o r Common E x ~ l i s e s . ~ a c l l a p a r t m e n t u n i t owner s h a l l b e 1 i a b l . e f o r a p r o p o r t i o n a t e r,Iiarc o f t-lle colnlnon e x p e n s e s , s u c h s h a r e b e i n g t h e s a m e a s t11e u n r l i v i d e c l s t l a r e i n t h e common e l e m e n t s a p p u r t e n a n t t o h i s a p a r t m e n t .

6. Memberslliy in A s ~ o c i a t i o n . Mcmbersllip of each a p a r t m e n t owner G-tlic A s s o c l a t I o n 3 h a l . l be a c q u i r e d p u r s u a n t t o t h e p r o v i s i o n s O F t h e A r t i c l e s o f i n c o r p o r a t i o n a n d Uy-L8aw!; of the Association. 'Phe i n t e r e s t of e a c h a p a r t m e n t u n i t owner i n t h e f u n d s and a s s e t s o f t h e c o n d o m i n i u m h e l d by t h e A s s o c i a t i o n sha1.L be i n t h e s a m e p r o p o r t i o n a s t h e l i a h i l ~ i t y o f e a c h s b c h owner f o r common e x p e n s e s .

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M a i n t e n a n c e , A l t e r a t i o n and I m p r o v e m e n t . Responsib i l i t y f o r t h e m a i n t e n a n c e o f t h e condominium p r o p e r t y , a n d r e s t r i c t i o n s upon i t s a l t e r a t i o n a n d i m p r o v e m e n t s h a l l b e a s Eollows : 7.

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COITtmOn elements. All portions oE an apartment, except interibr surfaces, contributing t o the support of the apartment building, which portions shall include, but not be limited to, load-bearing columns and load-bearing walls. (2)

(3) All conduits, ducts, plumbing, wiring, and other facilities for the furnishing of utility services contained in the portions oE an apartment that service part or parts oE the condominium other than the apartment within which contained. (4) All incidental. damage caused to an apartment by reason oE maintenance, repair and replacement accomplished pursuant to the provisions oE 7.1 a , ( 2 ) and (3) above.

(b) % the Apartment -~ Owner. 'I'he responsibility oE the apartment owner for maintenance repair anrl replacement, shall. lje a s foil ow.?: ~

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'Po maintain, repair ancl replace at tlis expense all. portions o l~is apat.ttnent r:xcept the portions (I)

I the Association. to be maintained, repaired a~ltl C C ~ I ~ C C Ct~y Included with in the rcspongi hi.I i ty of the spar tment owner shall be windows, screens antl rloor!; opening into or onto hifi apartment. All s11c11 inainten;~r~ce, r e p a i r antl replacement shall be done w i t h o ~ ~ dinturhinq t t11.1 rir~l~t.: sf other apartment owners. promptly report: t tlie Associ ation any defect or need for r e for wliich t:\~? Ansociation is responsible. ( 2 )

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An apartment owner r,lialI not paint or otherwise decorate or change the appearance O F any portiorl oE the exterior oC the apartment I~uildirig or any extcrior surface of any entry doors to his condominium unit. 3 )

7.2 v P a rk inp- S~E. 'I'he As::ocl at ion :;ha 1I maintain and repalr a t t Association'.? expense a11 parking spaces, including those wI1ic11 have been assigned an a n appur tenance to an apar tment. 7.3 Alteration and Improvement. 'rhe improvements included in the common elements which are: in the l)eclaration, shall not be altered or further improved without the prior approval, in writing, by record owners o f sixty-six and two-thirds (66 2/30) percent oE all apartment unit owners in the condominium, together with the approval of the Association. The cost of such alteration or improvement shall be a common expense and so assessed. Any such alteration or improvement shall not interEere with the rights oE any apartment owner without his consent. This paragraph shall have no application to the rights vested in the Developer pursuant to the provisions of Paragraphs 3.2 and 3.2 (a) hereof-

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8. Assessments. The Association, shall fix nnd d e t e r m i n e , f r o m t i m e t o t i m e , t h e sum o r sums o f money n e c e s s a r y a n d a d e q u a t e to p r o v i d e f o r t h e common e x p e n s e s a n d s h a l l a s s e s s t h e Members Eor s a i d s u m s . The p r o c e d u r e Eor tile d e t e r m i n a t i o n o f s u c h assessments s h a l l be set f o r t h i n t h e BY-Laws o f t h e A s s o c i a t i o n . The A s s o c i a t i o n , from time to time, s h a l l be, o b l i g a t e d to a s s e s s u n i t owners a n d / o r u n i t s i n a m o u n t s no less t h a n a r e r e q u i r e d t o p r o v i d e f u n d s i n a d v a n c e f o r t h e p a y m e n t o f a l l common e x p e n s e s and o t h e r e x p e n s e s o f t h e A s s o c i a t i o n a n d t h e c o n d o m i n i u m , a s and when d u e , a n d t o e n f o r c e c o l l e c t i o n oE same s o t h a t a t a l l times t h e s o l v e n c y o f t h e A s s o c i a t i o n , u n d e r any d e f i n i t i o n , i s m a i n t a i n e d a n d assured.

t e n ( 1 0 ) d a y s a f t e r t h e d a t e when d u e s h a l l n o t b e a r i n t e r e s t , b u t a l l sums n o t p a i d o n o r b e f o r e t e n ( 1 0 ) d a y s a E t e r t h e d a t e when d u e s h a l l b e a r i n t e r e s t a t t h e r a t e o f t e n ( 1 0 % ) p e r c e n t p e r annum from t h e d a t e when clue u n t i l p a i d . All p a y m e n t s on a c c o u n t s h a l l . b e f i r s t a p p l i e d to i n t e r e s t , a n d t h e n to t h e a s s e s s m e n t payment f i r s t due. 8.2 Lien for Assessment. 'I'he A s s o c i a t i o n s h a l l . h a v e a Lien a g a i n s t e a c h a p a r t m e G n i t f o r a n y u n p a i d a s s e s s m e n t s a g a i n s t t h e owner t l i e r c o E , a n d f o r i n t e r e s t a c c r u i n g t h e r e o n , w h i c h Lien sha1.1. a l s o s c c u r r r e a s o n a b l e a t t o r n e y s ' f e e s i n c u r r e d by t h e A s z o c i a t ion i n c i d e n t t o t h e c o l l . e c t i o n o f s u c h a s s e s s m e n t o r e n t o r c e m ~ n t of s u c h i ~ whetllcc , or not l e g a l p r o c e e d i n g s r e i n i t i a t e 1 p r v v i r l r c l , t l o w c v e r , t h a t no l i e n Cor a r ; s e s s r n c n t s n h a l I I~ccome c : f f e c t i v c ( I n t i I. rccorrlerl i n 'I'hc s a i d 1 i e n t h e P u l , l . i c Record.? of llacie C o u n t y , F l o r i t l a . s i l a I 1 b e r e c o r r l c t l among t h e I'uh1.i.c R r c o r d n f 1)atle C o u n t y , s I.eya1. F l o r i d a , by f i l i n y a c l a i i n t l i e r r i n wllich ~ ~ t a t c tlls t l e s c r i p t i o n u f t h e a p ; ~ r t l n e n t u n i t , a n d i:hr amollnt c l a i m e d t r ) b e d u e , a n d s a i d 1.ien ::ha1 I. r:r~ritinuc i n e f f e c t unl:il I I s u m s s e c u r e d by t h e I . i e n , t r ~ y e t l i l ? r w i t h a . c o s t s i n c u r r p r l i n r e c o t d i r ~ g and e n f o r c i n r j s a i r l l i e n , a l l have b e e n p a i d . Suctl c l a i m s of L i e n may IJP :;igtir.cl anrl v e r i F i c r 1 by a11 o t f i c e r o f t h e A s s o c i a t i o n , o r by a Inanay i n 9 a y c n t o f t h e A s s o c i a t i o n . Upon f u l l p a y m e n t , t h e p a r t y m a k i n g paymcrlt z11al.l. b c e n t i t l e c l t o ;I recordable Satislaction f L i e n , t.o I p i ant1 r c c u r d e r i a t h i s expense. A I . 1 sr~cti l i e n s h a l l . tlc r : u b o r r l i n a t c t o tllc L i e n oE i n s t i t u t i o n a l i t m o r t y a y c r : c o r d p r i o r to t:Iic d a t e o f r e c o r d i n g tile c l a i r n oC l . i e n , I a suc:li l i e n s I I I ~h e~ f o r e c l o s e d by s u i t t ~ r o u g h t i n t h e name O F t h e A!;sociat.ion in property. l i k e m a n n e r a s a C o r e c l o s u r e of a r n o r t ~ j a c ~ or n a I n any sucl~ t o r e c l o s u r e tile nwrler o l t:Ilc a p a r t r n c n t u n i t s u b j e c t t o t h e l i e n s h a l l be r e q u i r e d t o p a y a r e a ~ o n a h I p r e n t a l f o r t h e a p a r t m e n t u n i t , a n d t h e As!;r,ci a t i o n sha1.I h e e n t i t l e d t o t h e a p p o i n t m e n t oF a r e c e i v e r to c o l l e c t the same. '['he A s s o c i a t i o n may a l s o , a t i t s o p t i o n , s u e t o r e c o v e r a money juclgment for u n p a i d a s s e ~ ; s m e r ~ t sw i t l i o u t thereby w a i v i n g t h e l i e n s e c u r i n g tlie same. tn t h e e v e n t a m o r t c l a y e c o f a f i r s t m o r t g a g e o f r e c o r d s h a l 1. o b t a i n t i t l e J the a p a r t m e n t u n i t a s ;I r e s u l t of t h e C o r e c l o s u r e o f a f i r s t m o r t g a g e , or i n t h e e v e n t a n i n s t i t u t i o n a l r n o r t g a g c e a s t o a f i r s t m o r t g a g e o f r e c o r d s h a l l o b t a i n tit1.e t o a n a p a r t m e n t u n i t a s t h e r e s u l t oE a c o n v e y a n c e i n l i e u o f f o r e c l o s u r e o f such f i r s t mortgage, such acquirer of t i t l . e , its s u c c e s s o r s a n d a s s i g n s , s h a l l n o t b e 1 i a b l . e f o r t h a t s h a r e o f t h e comrnon e x p e n s e s o r a s s e s s m e n t s by t h e f i s s o c i a t i o n c h a r g e a b l e t o t h e a p a r t m e n t , o r t h e owner t h e r e o f , w h i c h became d u e p r i o r t o t h e ~

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8 . 3 N o t i E i c a t i o n t o Mortgage Holder. 'Phe A s s o c i a t i o n s h a l l n o t i f y , i n w r i t i n g , t h e h o l d e r oE a E i r s t m o r t g a q e e n c u m b e r i n g a oondominium a p a r t m e n t oE a n y d e E a u l t i n t h e p a y m e n t oE a n y a s s e s s m e n t s a g a i n s t s a i d a p a r t m e n t w h e r e s a i d d e f a u l t s h a l l c o n t i n u e f o r a p e r i o d oE E i E t e e n ( 1 5 ) d a y s aEter t h e d a t e upon which i t was d u e a n d p a y a b l e ; p r o v i d e d , h o w e v e r , n o t i c e o f s u c h d e f a u l t n e e d o n l y b e g i v e n w h e r e t h e h o l d e r oE a E i r s t m o r t g a g e h a s n o t i f i e d t h e A s s o c i a t i o n , i n w r i t i n g , oE t h e e x i s t e n c e t h e r e o f , s u c h notice t o i n c l u d e t h e name a n d address of the mortgagee. 8 . 4 The a s s e s s m e n t s p r o v i d e d Eor i n t h i s A r t i c l e s h a l l commence n o e a r l i e r t h a n t h e E i r s t ( 1 s t ) d a y oE t h e month n e x t s i c c e e d i n g t h e d a t e oE c o n v e y a n c e by d e e d oE t h e f i r s t a p a r t m e n t i n t h e condominium b u i l d i n g , and n o l a t e r t h a n the f i r s t ( 1 s t ) d a y oE t h e E o u r t h ( 4 t h ) c a l e n d a r month f o l l o w i n g t h e d a t e o f c o n v e y a n c e by deed o f t h e E i r s t condominium u n i t i n t h e b u i l d i n g . Within s a i d l i m i t a t i o n s , the d a t e upon which s a i d a s s e s s m e n t s h a l l . commence s h a l l . b e d e t e r m i n e d by t h e D e v e l o p e r o r t h e E i r s t B o a r d oE D i r e c t o r s , p r o v i d e d , t h a t no s u c h a s s e s s m e n t s h a l l b e a p p l i c a b l e t o a condominium u n i t owned by t h e D e v e l o p e r unti.1 t h e f i r s t ( 1 s t ) d a y o f t h e f o u r t h ( 4 t h ) c a l e n d a r month E o l l o w i n g t h e month i n w h i c h t h e c l o s i n g o f t h e p u r c h a s e a n d sa1.c o f t h e r l r s t ( 1 . s t ) condominium unit occurs, and proviclcrl Cur t h e r that the Developer s h a l l pay that p o r t i o n oC t h e common e x p e n s e s i n c u r r e d d u r i n g s a i d p e r i o d w l i i c l ~ x c c l t l l e alnotlnt a n s e s s c c l a g a i n s t o t h e r contlornin i111n url i t o w r l r r s . 8 . 5 'Phe -- .-. ..fu n d s r i i t l by the p a y m e n t r>r arl amount e q u a l t o one-1iaI.C I one I J 1 % ) pcrccrit r)E t h e p u r c h a s e p r i c e o f t h o u n i t p a i d t)y t h e r a r of e a c h a p a r t m e n t a t tlie t i m e 01- c o n v e y a n c e r,C t l ~ r; ~ p a r t m e n t l ~ y Llle D e v e l o p e r s h a l l be a w o r k i n y c a p i t a l Cunrl o f t h e A n s o c i a t i o n a n d may b e u t i 1i z e ( J f o r s t a r t u p expense::, r:c)~nmon c x p c n r , c s pair1 o r a c c r u e d p r i o r t o a n d !;ul~.c,c.qncrit t c l t h e conlincncement d a t e of: r e g u l a r m o n t h l y i n s t a I. I.ments o r t:tic payment O F a s s e r , s m e n t s , d c f i c i c n c i e f i , and f o r a n y p u r p o ! ; ~ Cor w l i i c l ~ t h e A s s o c i a t i o n c o u l d l e v y a n a s s e s g m e n t p u r s u a n t t v t:li i s A r t i c l c , and s a i i l f u n d s s h a l l n o t b e s e t u p a s ;1 r e s e r - v c I I ~t:he ~ . s s n c i a t i o r l , anrl a r e n o t pxpectecl t o c r e a t e a s 1 i r p l 1 1 5 .

8 . 6 Wlierc an institutional Cirst i n. -o r t~. y a g--ee nC r e c o r d o r o t h e r p u r c h a r ; e r o f a condomirlirl~n p a r c e l o b t a i n s t i t l e t h e r e t o a s a res111.t C t h e f o r c c l o s ~ ~ r oc f a n i n s t i t u tional. E i r s t mortgage or wl~ere a institutional. f i r s t m o r t g a g e e a c c e p t s a d e e d t o s a i d corldominlum p a r c e l i n l i e u O F ~ O ~ ~ C ~ . O S U K s uCc ,h a c q u i r e r oll t h e t i t l c , h i s h e i r s , lecja I r e p r e s e n t a t i v e s a n d a s s i y n s , s h a l l n o t be i a l r the s h a r e oE common e x p e n s e s o r a s s e s s m e n t s t ~ y t h e A s s o c i a t i o n per t a i n i n g t o s u c l l c o n d o m i n i u m p a r c e l o r c h a r g e a b l e t o t h e Eormcr owner o f s u c h p a r c e l w h i c h became d u e p r i o r t o a c q u i s i t i o n o f t i t l e t h e r e t o a s a r e s u l t oE t h e f o r e c l o s u r e o r t h e a c c e p t a n c e oE s u c h d e e d i n l i e u oE f o r e c l o s u r e . S u c l ~ u n p a i d s h a r e o f common e x p e n s e s o r a s s e s s m e n t s s h a l l b e deemed t o be common e x p e n s e s c o l l e c t i b l e f r o m a l l oE t h e u n i t o w n e r s i n c l u d i n g such a c q u i r e r , h i s h e i r s , l e g a l r e p r e s e n t a t i v e s , s u c c e s s o r s and a s s i g n s . -

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i:K 10662 ,,2@8 Associatjon. 'She opera tion of the condominium shall be by VILLA BAY VISTA OWNERS' ASSOCIATION, INC., a corporation not for profit under the laws of the State oE Florida, which shall EulEill its functions. pursuant to the following provisions : 9.

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9.1 Articles of Incorporation. A copy of the Articles o f Incorpocation of the Association, which sets forth its powers and duties, is attached as Exhibit "C". 9.2 By-Laws. A copy of Association is attached as Exhibit "D".

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9.3 Limitation upon Liability of Association. Notwithstanding the duty o f the Association to maintain and repair portions of the condominium property, the Association shall not be liable to apartment owners for injury or damage, other than the cost o f maintenance and repair, caused by any latent condition oE the property to be maintained and repaired by the Association, or causecl by the el.ements or other owners or persons. 9.4 Restraint upon -~ Assignment of Shares Assets. 'I'he sllare of a rneml~er in the funds and assets of Association cannot and sha 1.1. not be ass iyned , hypothecated transferred in any manner exr:ept a:; arl appurtenance to apartment unit.

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9 . 5 &p-rvv;rl-. o y .Disayprova1. . -. of Matters. .. Whenever the decisiorl of an apa~:tmcnt owner in required upon any matter, whether or not tile suljjcct or an Ar:sociation meeting, Suck1 decisioti shall bc cxpressecl by thc same person who woulrl Cast the vote o such owner iI' in an Association rnerl:inq, unless the joinder r,C rcuor(l 0wncr.s i n spcci fical ly rcqui ref1 b y this Declaratir)n. 9 .6 'Phc Associat ivn a tlccn ~ 1 . a : d the ~~. enti t;' to admin ir;tcr and opr?r;ltc the VIl,l,A B A Y VIS'l'A CONDOmaintain a t~udrjct. I t shall h c the MINIUM, and shal 1 Association's so1.e rcsponsil~iIity ant1 discretion to (lckcrmine which items of cost, cxperisc ; I I I ~ income a I : i b t . in their entirety to the con~lominiu~n,a n in a I cvcnts the Association's cletermination as to s11c:h attril~ution shall he conclusive and binding, ant1 all. costs a n cxpcrlr,er: a1:tributable to the condominium nhal I conr:l:i tr~tc common cxpcnncs of the condorn i n i urn. ~

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LO. 'She insurance --- other than tit lc i n ~ ~ ~ r a n that c e shal I. be carricd upon the conclominiu~r~property I Cllc property or the apartment owners shall. ljc cjovcrnr(1 11y the foll.owinq provisions:

10. 1 Authority to purcI1ase; Name Ir~surcd. All. insurance pollcics upon the condominium property shall be purchased by the Association. The name insured shaI.1 be the Association individually and as agent for the apartment unit owners, without naming them, and as agent for their mortgagees. Provisions shall be made Eor the issuance of the mortgagee endorsements and memoranda of insurance to the mortgagees oE apartment owners. Such policies shall provide that payments by the insurer for losses shall be made to the insurance trustee designated below, and all. policies and their endorsements shall be deposited with the 'insurance trustee.

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U n i t o w n e r s may o b t a i n c o v e r a g e a t t h e i r own e x p e n s e upon t h e i r p e r s o n a l p r o p e r t y a n d Eor t h e i r p e r s o n a l . 1 . i a b i L i . t y a n d l i v i n g expense. #

10.2 Coverage.

( a ) C a s u a l t ~ . A 1 1 b u i l d i n g s and i m p r o v e m e n t s upon t h e c o n d o m i n i u m p r o p e r t y s h a l l . . be i n s u r e d i n a n amount e q u a l t o t h e maximum i n s u r a b l e r e p l a c e m e n t v a l u e ; e x c l u d i n g t h e E o u n d a t i o n a n d e x c a v a t i o n c o s t s , as d e t e r m i n e d a n n u a l l y by A l l personal property included i n the t h e Board o f D i r e c t o r s . common e l e m e n t s s h a l l b e i n s u r e d f o r i t s v a l u e , a l l as s h a l l b e d e t e r m i n e d a n n u a l l y by t h e Board o f D i r e c t o r s of t h e Association. I n t h e e v e n t a n y s t e a m b o i l e r i s u t i l i z e d or maintained on condominium property, boiler-explosion i n s u r a n c e , i n c l u d i n g t h e amount t h e r e o f a n d t h e i n s u r a n c e company i s s u i n g s a m e , s h a l l b e s u b j e c t t o t h e a p p r o v a l of t h e i n s t i t u t i o n a l m o r t g a g e e h o l d i n g t h e g r e a t e s t d o l l a r amount of first mortgages against apartments in the condominium. Coverage s h a l l a f f o r d p r o t e c t i o n a g a i n s t : hazards and

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(1) Loss o r damage b y E i r e a n d o t h e r standard extendetl coverage endorsement;

(2) Such o t l i e r i s JR, from time t o t i m e , s h a l 1 b e c u s t o m a r i l y c o v e r e r 1 wit11 r e s p e c t to b u i l . c l i n g s s i m i I . a r i n c o n s t r u c t i o n , l o c a t i o n anrl u s e a n t h e h u i l . d i n y s o n the land, i n c Iuding t ~ u t riot I. imi terl to, vantla 1. i s m anrl malicious mischief .

( t ~ ) P u b l i c 1 . i a b i 1 i t - y i n s11ch a n o i n t and w i t t i s u c h c o v e r a g e a s h a l l h e r e q u i r e d 1,y 1 Do;lrd of: D i r e c t o r s o f t h e A s s o c i a t i o n , i n c l u r l i t i q t ~ u t n o t 1 imi t:cd kc,, l i i r e ( 1 a u t o m o b i l e a n d nonowned a u t o ~ n o b i11: . v a j , a n wi t.11 c r o s n l i a b i L i t y e n t l o r s e m e n t s to c o v e r I i I I ii c J I : apartment: o w n e r s a s a g r o u p to a n a p a r t i n c n t owner. -

( c ) Wvrk~neri'!; cornpen!:at i o n t h e r e q u i r e m e n t s of Law. ~

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1 0 . 3 P r e m i u m s upon i n s u r a n c e p o l i c i e s p u r c h a s e d by t h e A s s o c i a t i o n s h a l l b e p a i d b y t h e ~ s s o c i a t i o n a s a common e x p e n s e a t t r i b u t a b l e to t h e condominium. for 10.4 Insurance p o l i c i e s s h a l l be available i n s p e c t i o n by a p a r t m e n t o w n e r s or t h e i r a u t h o r i z e d r e p r e s c n t a t i v e s a t r e a s o n a b l e times a t t h e o f f i c e s o f t h e A s s o c i a t i o n .

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10.5 Insurance Trustee, Share of Proceeds. A1 l i n s u r a n c e p'olicies p u r c h a s e d by t h e A s s o c i a t i o n s h a l l - b e For t h e b e n e f i t o f t h e i \ s s o c i a t i o n a n d t h e a p a r t m e n t owners a n d t h e i r m o r t g a g e e s r a s t h e i r i n t e r e s t may a p p e a r , which s h a l l provide t h a t a l l proceeds covering property losses s h a l l b e p a i d to such bank l o c a t e d i n S o u t h F l o r i d a w i t h t r u s t powers a s may be d e s i g n a t e d a s I n s u r a n c e T r u s t e e , f r o m time t o t i m e , by t h e B o a r d o f D i r e c t o r s of t h e A s s o c i a t i o n , t h e T r u s t e e b e i n g r e f e r r e d to h e r e i n a s t h e I n s u r a n c e T r u s t e e , p ~ o v i d e d , t h a t no I n s u r a n c e T r u s t e e s h a l l be d e s i g n a t e d whose a c c o u n t s a r e not g o v e r n m e n t i n e u r e d o r g u a r a n t e e d . In additioh, t h e Insurance ~ r u s t e e must b e a p p r o v e d by the institutional m o r t g a g e e h o l d i n g t h e h i g h e s t d o l l a r volume o f m o r t g a g e s i n t h e c o n d o m i n i u m o p e r a t e d by t h e O w n e r s ' A s s o c i a t i o n r s a i d I n s u r a n c e T r u s t e e t o b e a bank h a v i n g t r u s t p o w e r s o r a t r u s t company l o c a t e d i n B r o w a r d C o u n t y , Dade C o u n t y o r Palm B e a c h C o u n t y ; s a i d c o u n t i e s b e i n g l o c a t e d i n t h e State of F l o r i d a . T h e I n s u r a n c e T r u s t e e s h a l l n o t b e l i a b l e f o r payment o f p r e m i u m s n o r t h e f a i l u r e t o c o l l e c t any i n s u r a n c e p r o c e e d s . The d u t y o f t h e I n s u r a n c e T r u s t e e s h a l l be to r e c e i v e s u c h p r o c e e d s a s a r e p a i d to a n d to h o l d t h e p r o c e e d s i n t r u s t f o r t h e p u r p o s e e l s e w h e r e s t a t e d i n t h i s i n s t r u m e n t and Eor t h e b e n e f i t of t h e a p a r t m e n t owners a n d t h e i r mortgagees i n t h e E o l l o w i n g s h a r e s , p r o v i d e d , h o w e v e r , s u c h s h a r e s need n o t b e s e t f o r t h on t h e records of the i n s u r a n c e T r u s t e e : ( a ) P r o c e e d s o n A c c o u n t o f D a s t o Common E l e m e n t s a n d L i m i t e d Common E l e m e n~ts. An ~ ~ n c l i v i t l e ds h a r e f o r e a c h a p a r t m e n t owner, s u c h s h a r e bcinq t h e name a s t h e u n d i v i d e ( 1 s h a r e i n t h e common cl.cmentF: a n d I i m i t e d common e l e m e n t s a p p u r t e n a n t to 1 1 i c, a p a r t r n e n t ~

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(I) When t:lle llui 1 d i n g in to IF Restored: F o r t h e o w n e r s of: 1 1 : aparttnent!: i n proport:ion t o t h e co:;t o f r e p a i r i n g t h e clatnayc r,rtCCerctl i ~ ye;lcll .,par tment: o w n e r , s a i d cost t o bc ilc?t.r:rmincrl b y t:lle A s s o c i a t i o n . (2) Wllen t h e I l u i l c l i n g in not t o br, Restored: An untl ividecl I f o r e a c h ~ i p a trr n e r l t urii t o w n e r , i n t h e common c l e m e n t s ; ~ p p u r t c n a n t t o l ~ i na p a r t:tne~it: 1111 i t . ( c ) M o r t ~-c s . In I e v e n t a mortgage? * e n d o r s e m e n t h a s been issue(1 a s t o a n a p a r t m e n t unit., t h e s l ~ a r e oE t h e u n i t o w n e r s h a l l . b e h e l d i n t r u s t f o r t h ? r t ~ o r t g a g c e ancl t h e u n i t owner a s t h e i r i n t e r e s t s !nay a p p e a r : provided, h o w e v e r , t h a t n o m o r t g a g e e sha1.l h a v e a n y r i g h t t.o d e t e r m i n e o r p a r t i c i p a t e i n t h e d e t e r m i n a t i o n a s t o w h e t h e r any damaged p r o p e r t y s h a l l b e r e c o n s t r u c t e d o r r e p a i r e d , ant1 no mortgagee s h a l l have a n y r i g h t to a p p l y o r h a v e a p p l i e d t o t h e r e d u c t i o n o f a m o r t g a g e d e b t any j . n s u r a n c e p r o c e c < l s e x c e p t d i s t r i b u t i o n s oE s u c h p r o c e e d s made t o t h e a p a r t ~ n e n t owner and m o r t g a g e e p u r s u a n t to t h e p r o v i s i o n s of t h i s ~ e c l a r a t i o n . Notwithstandi n g t h e f o r e g o i n g , t h e mortgagee s h a l l have t h e r i g h t t o a p p l y or h a v e a p p l i e d t o t h e r e d u c t i o n 0 , E i t s m o r t g a g e d e b t a n y o r a l l s u m s o f i n s u r a n c e p r o c e e d s a p p l i c a b l e to i t s m o r t g a g e d u n i t if insurance proceeds a r e insul'ficient t o r e s t o r e o r r e p a i r t h e b u i l d i n g to t h e c o n d i t i o n e x i s t i n g p r i o r to t h e l o s s and a d d i t i o n a l m o n i e s a r e n o t a v a i l a b l e f o r s u c h p u r p o s e .

10.6 Distribution of Proceeds. Proceeds of i n s u r a n c e p o l i c i e s r e c e i v e d by t h e I n s u r a n c e T r u s t e e s h a l l ' b e d i s t r i b u t e d t o o r Eor t h e b e n e E i t oE t h e b e n e E i c i a 1 o w n e r s i n t h e f o l l o w i n g manner: (a) A l l expenses of the Insurance Trustee s h a l l b e p a i d E i r s t or p r o v l s i o n s made f o r s u c h p a y m e n t . ( b ) I E t h e damage Eor w h i c h t h e p r o c e e d s a r e i s t o be r e p a i r e d o r r e c o n s t r u c t e d , t h e r e m a i n i n g paid proceeds s h a l l be paid to defray t h e c o s t thereoE a s elsewhere Any p r o c e e d s r e m a i n i n g a E t e r d e E r a y i n g s u c h c o s t provided. s h a l l be d i s t r i b u t e d to t h e b e n e E i c i a l o w n e r s , r e m i t t a n c e s t o a p a r t m e n t o w n e r s and t h e i r mortgagees b e i n g p a y a b l e j o i n t l y t o them. his i s a c o v e n a n t f o r t h e b e n e f i t o f , a n d may be e n f o r c e d by, any mortgagee of an a p a r t m e n t . ( c ) IE i t is d e t e r m i n e d i n a manner e l s e w h e r e p r o v i d e d t h a t t h e damage Eor which p r o c e e d s a r e p a i d s h a l l not b e r e c o n s t r u c t e d or r e p a i r e d , t h e r e m a i n i n g p r o c e e d s s h a l l be d i s t r i b u t e d to t h e b e n e E i c i a l o w n e r s , r e m i t t a n c e s t o a p a r t m e n t o w n e r s and t h e i r mor t g a g e e s b e i n g p a y a b l e j o i n t l y t o them. T h i s i s a c o v e n a n t Eor t h e b e n e f i t o f , a n d may be e n f o r c e d b y , t h e mortgagee o f an a p a r t m e n t .

(d) In making clistribution to apartment o w n e r s and t h e i r m o r t g a y e e s , t h e I n s u r a n c e T r u s t e e may r e l y upon a C e r t i f i c a t e o f t h e A s s o c i a t i o n made l ~ y i t s P r e s i d e n t and S e c r e t a r y a s t o t h e namcr; o r t h e apartrnenl: o w n e r s and t h e i r r e s p e c t i v e s h a r e s o f ttie d i . r , t r i b u t i o n . 1 0 . 7 -A s s- o c i a-t i o n .-a.s A q c n t . Thr Ansociation is hereby irrev0cabl.y appointed aqcnt r e a c h a p a r t m c n t owner and t h e i r mortgage^^, t o a t l : j u s t a l l c l a i m s a r i s i n g u n d c r t h e i n s u r a n c e p o l i c i e s pucchar,etl l)y t h c Ar,!;(~c i a t i on ant1 t o c x c c u t r and d e l . i v e r r e l ~ e a s ~ !upor1 ; t l ~ epayment of a r:lairn. R e c o n s t-r u c t--. i o n o r . Ilcpai r A f t e~. r~.C a s u a l t y..

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( a ) Common ..Elelllent . I f t:h? rlamagcd irnprl)vcment i s a common e l e m e n t , !:he damaged p r o p c r t y a l>c r e c o n s t r u c t e d o r rcpairccJ, u n l e s s i t i s ilctrrminccl in t l ~ c manner elsewhere provided I : t h e condominium sllal I l~c terminated. (b) (I) Lesr;er - .-- D -a-~- n a s . tlle damaycd improvement i s t h e a p a r t m e n t b u i l d i n g , a n d iT a p a r t m e n t s t o which fifty (50%) percent of the common elements arc D i r ~ c t n r s of the a p p u r t e n a n t a r e round by t h e Board o f A s s o c i a t i o n t o be t e n a n t a b l e , t h e damaged p r o p e r t y sha1.1 he r e c o n s t r u c t e d o r r e p a i r e d , unless w i t h i n s i x t y (60) d a y s a f t e r the casualty, i t is d e t e r m i n e d by a g r e e m e n t i n t h e manner e l s e w h e r e p r o v i d e d t h a t t h e condominium s h a l l be t e r m i n a t e d . ( 2 ) Major Damage. If the damaged i m p r o v e m e n t is t h e a p a r t m e n t b u i l d i n g , a n d i f a p a r t m e n t s t o w h i c h more t h a n f i f t y ( 5 0 % ) p e r c e n t oE t h e common e l e m e n t s a r e a p p u r t e n a n t a r e f o u n d by t h e B o a r d oE D i r e c t o r s t o b e n o t

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tenantable, then the damaged property will not be or repaired, and the condominium w i 1 L be reconstructed t e r m i n a t e d w i t h o u t agreement a s e l s e w h e r e provided, u n l e s s w i t h i n s i x t y ( 6 0 ) d a y s a f t e r t h e c a s u a l t y , t h e owners oE e i g h t y ( 8 0 % ) p e r c e n t o f t h e common e l e m e n t s a g r e e i n w r i t i n g to s u c h r e c o n s t r u c t i o n o r r e p a i r . ( c )' C e r t i f i c a t e . T h e I n s u r a n c e T r u s t e e may tely upon a c e r t i E i c a t e o f t h e A s s o c i a t i o n made b y i t s P r e s i d e n t a n d a t t e s t e d by i t s S e c r e t a r y a s t o w h e t h e r o r n o t t h e d a m a g e d p r o p e r t y i s to be r e c o n s t r u c t e d or r e p a i r e d .

11.2 Plans and S p e c I E i c a t i o n s . Any r e c o n s t r u c t i o n o r r e p a i r m u s t b e s u b s t a n t i a l l y i n a c c o r d a n c e w i t h the p l a n s and s p e c i f i e d f o r t h e o r i g i n a l b u i l d i n g , o r , i n l i e u t h e r e o E , a c c o r d i n g t o p l a n s and s p e c i E i c a t i o n s a p p r o v e d b y t h e Board oE D i r e c t o r s ' o f t h e A s s o c i a t i o n , and i E t h e d a m a g e d p r o p e r t y i s i n t h e a p a r t m e n t b u i l d i n g , by t h e o w n e r s o f n o t l e s s t h a n e i g h t y ( 8 0 % ) p e r c e n t oE t h e common e l e m e n t s , i n c l u d i n g t h e o w n e r s oE a l l damaged a p a r t m e n t s , t o g e t h e r w i t h t h e a p p r o v a l of t h e i n s t i t u t i o n a l m o r t g a g e e s h o l d i n g E i r s t m o r t g a g e s u p o n all damaged apartments which approval shall not be unreasonably withheld. If t h e damage i s on1.y t o 11.3 ResyonsiIIility. t h o s e p a r t s o f 076 (1) a p a r t m e n t t o r w h i c h t h e r e s p o n ~ i . h i 1 i t y oE m a i n t e n a n c e ant1 r c p a i r i s t h a t oC tlie a p a r t m e n t owned, t h e n t h e s a i d owner s h a l l be r r s p o n s i h l e f o r r e c o n s t r u c t i o n a n d repair after casualty. In a l l o t h e r instances the rcsponsib i . l . i t y oC r e c o n s t r u c t i o n a r e p ~ 3 i . r a f t c a s ~ ~ a l t !ya l . l . 11e t h a t of t h e A s s o c i a t i o n .

T m m c t l i a tv1.y aTter a 11.4 E. s t i m a t e s .-o f -C o. s t.s. .. d e t e r m i n a t i o n i s made t o r e b u 1 l . d r ~ r r e p a i r l a m e ~ : C I p r o p e r t y for which the Asr;r,ciat i o n a t i rvr:ponsil)iIi t y of r e c o n s t r u c t i o n and p i , 1:Ile ~ - , . s o c i ~ i t i n nI I obtain a re1,iable a [ l c t a i l r t l e:;ti~n;lto o f k t ~ c s t : t:o r c l ~ u i l d or repa i r .

I I . 5 -A s s e s s m e r i t s . 1 C tllr proccr!rls o f i n s r ~ r a n c e a r e n o t s u f E i c i e n t t o deEl:ay t t i r ? e r : t i ~ n ; l t r r l co::t:s n t r e c o n s t : r u c t i o n a n d r e p a i r by t h e A s g o c i a t i o n , o r iE a t a n y timr! ( l u r i n q r e c o n s t r u c t i o n and p a r , r upcln c o m p l c t i o n o t r ~ c o r l s t r r ~ c t i o n a n d r c p a i r , t h e f u n ( l s T c ~ c t h e payment of tlie c o s t s of r e c o n s t r u c t i o n a n r e p a i r a r c insu1:f i . c i e n t , assessment.^ s h a l I be made a g a i n s t tlle a p a r t m e n t r l w n e r s wllo ow11 t h e damaqed a p a r t m e n t s , a n d a g a i n s t a1.1 a p a r t m e n t o w n e r s i n t h e c a s e O E d a m a g e t o common e l e m e n t s , i n s u f E i c i e n t a m o u n t 5 t o p r r ~ v i d e f u n d s f o r t h e payment o f !;ucl~ c r ~ : t r , . Stlch asse!;$:mcntri a g a i n s t . for damage to apartm~nts a l l I in apar tment owners p r o p o r t i o n t o tlie c 1 x t oE r e c o n s t r u c t i o n a n d r e p a i r o t t h c i r respective units. Such a s s e s s m e n t s o n accr,rlnt oT clamaye t o common elements shall be in p r o p o r t i o n to the owner's o b l i g a t i o n f o r common e x p e n s e s . 11.6 C o n s t r u c t i o n Funds. 'I'tic Eunds f o r payment oC c o s t s oE r e c o n s t r u c t i o n a n d r e p a i r a f t e r c a s u a l t y whlch s h a l l c o n s i s t oE p r o c e e d s oE i n s u r a n c e h e l d by t h e I n s u r a n c e T r u s t e e and f u n d s c o l l e c t e d by the Association Erom a s s e s s m e n t s a g a i n s t a p a r t m e n t o w n e r s s h a l l be disbursed i n payment oC s u c h costs i n t h e Eollowing manner:

( a ) ~ s s o c i a t i o n . If the t o t a l of assessments made b y t h e A s s o c i a t i o n i n o r d e r to' p r o v i d e Eunds [or t h e payment o f costs o f r e c o n s t r u c t i o n and r e p a i r t h a t is t h e r e s p o n s i b i l i t y o f t h e A s s o c i a t i o n i s more t h a n TEN THOUSAND ( $ 1 0 , 0 0 0 . 0 0 ) DOLLARS, t h e n t h e sums p a i d upon s u c h aSEeSSmehts s h a l l be d e p o s i t e d b y t h e A s s o c i a t i o n w i t h t h e I n s u r a n c e Trustee. I n a l l o t h e r c a s e s t h e Association s h a l l hold t h e s u m s p a i d upon s u c h a s s e s s m e n t s a n d d i s b u r s e them i n p a y m e n t o f t h e costs o f r e c o n s t r u c t i o n a n d r e p a i r .

(b) I n s u r a n c e Trustee. The proceeds of i n s u r a n c e c o l l e c t e d o n a c c o u n t of c a s u a l t y a n d t h e sums d e p o s i t e d w i t h t h e I n s u r a n c e T r u s t e e by t h e A s s o c i a t i o n f r o m c o l l e c t i o n s o f assessments a g a i n s t a p a r t m e n t o w n e r s on a c c o u n t o f s u c h c a s u a l t y s h a l l c o n s t i t u t e a c o n s t r u c t i o n fund w h i c h s h a l l be d i s b u r s e d i n p a y m e n t o f t h e costs oE r e c o n s t r u c t i o n and r e p a i r i n t h e f o l l o w i n g m a n n e r and o r d e r : (1) A s s o c i a t i o n - L e s s e r Damage. If the amount o f t h e e s t i m a t e d c o s t s of r e c o n s t r u c t i o n and r e p a i r t h a t i s t h e r e s p o n s i b i l i t y o f t h e A s s o c i a t i o n i s l e s s t h a n 'PEN THOUSAND ( $ L 0 , 0 0 0 . 0 0 ) DOLLARS, t h e n t h e c o n s t r u c t i o n Eund s h a l l b e d i s b u r s e d i n p a y m e n t o f s u c h c o s t s upon t h e o r d e r o f t h e A s s o c i a t i o n ; p r o v i d e d , h o w e v e r , t h a t upon r e q u e s t t o t h e I n s u r a n c e T r u s t e e by a m o r t g a g e e t h a t i s a b e n e f i c i a r y o f a n i n s u r a n c e p o l i c y tlie p r o c e e d s o f wliich a r e iricludecl i n t h e c o n s t r u c t i o n f u n r l , s u c h i u n d s t i a l I. be ( l i s l ~ u r n e d i n t h e m a n n e r p r o v i d e d f o r t h e r e c o n s t r u c t i o n a n d r e p a i r o f m a j o r damage. (2) A --s s o c i a--tion.. - Major Damaqo. ~rf t h e amount o f tlie e s t imatcti c o s t s Of r c r n r ~ c I t aricl r e p a i r t h a t i s t h e r : c s p o r i n i b i l . i t y o f t h e a l : r , o c i a t i o n i s mor" t h a n 'PEN 'I'IlOUSAND ( $ L O , 0 0 0 . D O ) DOi,l,ARS, the c v n s : t r ~ ~ c t i o n fund shaL1. b e l i s l ~ u s e r l iri p a y m e n t 3~cli c o s t s iri t h e m a n n e r r e q u i c e c l by t l i e tjoarrl of l l i re(:tor!; o f t l ~ cAr;!:ociatir,n.

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(3) Aqar t i n c n~. t~. ..Owiicr ~. 'I'lic port: i or1 o f i r i s u r a n c e p r o c e e d s rcprC!;Pnti.ng (~CII~ICICJCCor wliicli [:he r e s p o n s i b i l i t y o f r e c o n s t r u c t ion a n d r e p a i r I witti an a p a r t m e n t owner s h a l I. h e p a . t o tile a a w n c r , o r i f t l ~ c r e ir; m o r t g a g e e e n d o r s e m e n t a s t o t h e apartrnerit:, t h e n t o t h e ownpr t h e r e o f a n d ttie rnor tcJacJr!e i n : 1 Y who m;ly ur:e proc:ee(Ir, a,$ t h e y may be a d v i s e d . (4) u r -. . 1 I t slial 1 I presumccl t h a t t h e C i r s t rnonies r l i s b u r n e c ~ i r i payment o f c o s t s o r r e c o r i s t r u c t i o n a n d r e p a i r s h a l . 1 be f r o m i n s l r r a n c e p r o c e e d r ; . t f t l i c r e i.5 a b a l a n c e i n a c o n s t r u c t i o n f u n d a f t e r payment o f a l l c o s t s O F t h e r e c o n s t r u c t i o n a n r e p a i r f o r whicli tlie runrl i:: esta11l i s t i e d , s u c h b a l a n c e s h a l 1 l>e d i s t r i b u t e d t o ttie I ~ e n c fi c i a l o w n e r s o f t h e furid i n t l i e manner e l s e w h e r e s t a t e d : e x c r p t , h o w e v e r , t h a t tlie p a r t of a d i s t r i b u t i o n t o a b e n e f i c i a l owner t h a t i s riot i n e x c e s s of a s s e s s m e n t s p a i d by s u c h owner t o tlie c o n g t r u c t i o n i u n d s l i a l l n o t b e made p a y a b l e t o a n y m o r t g a g e e .

(5) Certificate. Notwithstanding the p r o v i s i o n s of t h i s i n s t r u m e n t , t h e Insurance T r u s t e e s h a l l n o t be r e q u i r e d to d e t e r m i n e w h e t h e r t h e d i s h u r s e m e n t s f r o m t h e c o n s t r u c t i o n f u n d a r e t o b e upon a p p r o v a l o f a n a r c h i t e c t o r o t h e r w i s e , n o r w h e t h e r a d i s b u r s e m e n t i s t o b e made f r o m t h e c o n s t r u c t i o n Eund n o r t o d e t e r m i n e t h e p a y e e n o r t h e amount t o be p a i d . I n s t e a d , t h e I n s u r a n c e T r u s t e e may r e l y u p o n a c e r t i f i c a t e o f t h e A s s o c i a t i o n made by i t s P r e s i d e n t a n d

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S e c r e t a r y a s to a n y o r a l l , o f s u c h m a t t e r s and s t a t i n g t h a t t h e s u m s t o b e p a i d a r e due a n d p r o p e r l y p a y a b l e a n d S t a t i n g t h e name o f t h e p a y e e and t h e amount t o b e p a i d : p r o v i d e d , t h a t when a m o r t g a g e e i s r e q u i r e d i n t h i s i n s t r u m e n t t o b e named a s p a y e e , t h e I n s u r a n c e T r u s t e e s h a l l a l s o name t h e mortgagee a s a p a y e e o f any d i s t r i b u t i o n o f i n s u r a n c e p r o c e e d s t o a u n i t o w n e r ; a n d f u r t h e r , p r o v i d e d , t h a t when t h e ~ s s o c i a t i o n , o r a m o r t g a g e e t h a t 1s t h e b e n e f i c i a r y o f a n i n s u r a n c e p o l i c y whose p r o c e e d s a r e i n c l u d e d i n t h e c o n s t r u c t i o n f u n d . so r e q u i r e s , t h e a p p r o v a l oE a n a r c h i t e c t named b y t h e A s s o c i a t i o n s h a l l b e f i r s t o b t a i n e d by t h e A s s o c i a t i o n p r i o r t o d i s b u r s e m e n t s i n p a y m e n t o f Costs o f r e c o n s t r u c t i o n a n d

Use R e s t r i c t i o n s . The use o f the condominium 12. property s h a l l be i n accordance with the following provisions as l o n g a s t h e c o n d o m i n i u m e x i s t s and t h e a p a r t m e n t b u i l d l n q , i n u s e f u l c o n d i t i o n , e x i s t s Upon t h e l a n d . 12.1 QartmenE. Eacti o f t h e a p a r t m e n t u n i t s s h a l l . b e o c c u p i e d o n l y a s a s i n g l e f a m i l y p r i v a t e dweL1.ing by t h e owner a n d members o f h i s fa1niJ.y n o t l e s s t h a n t e n ( 1 0 ) y e a r s oE a g e , s u b j e c t t o t h e p r o v i s i o n s o f P a r a g r a p h s 1 2 . 3 a n d 1 2 . 7 hereof. E x c e p t a s r e s e r v e r l t o D e v e l o p e r , no a p a r t m e n t u n l t may be d i v i d e d o r s u b d l v i d e r l i n t o a s m a l . l e r u n i t . 1 2 . 2 Common ~~. Element.? a n d Limi t e d Co~nmon .~ Elements. The common e l e r n e n t s anrl 1.irni.l-el> cornmori r ? l . c ~ n e n t s s h a l l . b e user1 on1.y f o r CIie pilrprJse f o r wliicti t h e y a r e i n t c n r l e d i n t h e f u r n i s h i n g oT s e r v i c e s a n d C a c i l i t i c g f o r t h e c t i j o y r n e n t or t\le t l p a K t m ~ n t ~ . N o b ~ l di i n g or !:trLlcCtlrr? S any kincl may be e r e c t e d , c o n s t r i ~ c t ~ do r a a 1 upon a n y 0 t i land u n l e s s same stla1 l colnply ant1 h e iri coril'ormi t.y wit11 t l ~ cp r c n c n t Zoning C l . a s s l [ i c a t : i o r i i n c f T c c t 1 o f t h e ( l a t e oT r c c o r r l i n c ~ t h e Declaration 0 C o n d o r n i n i ~ ~ m S r l r - Vll,l,A DAY VtS'l'A CON[)(]M I N I U M a n d t h e g e n e r a l z o n i n q a n d l > l l i Icli nq l l r d i n a n c c o f t t 1 ( , C i t y o f Miami I3cactl. No ! t r l : I r or a t ~ m p o r a r y c h a r a c t - c r , t r a i l e r , camppr , mobi 1.c I ~ o ~ n e ,t : : t a c k , J J a n r)r o t h e r b u i l r l i n y s h a l l b e ~ s c [ Iat: a n y l:in~c a!; ti r c s i f l c n c c 1:itlicr t e m p o r a r i l y o r perrnanr.nt l y . ~

N r s WIIO I ~ a v n ~ ( J C yet: I . 3 Chi l d... r e--n . a t t a i n e d t h c y e o f t e n (1.0) 1 s t 1 tlc r ~ n i t rt , reside i n any of t h e a p a r t m e n t : : r?xccpt. w i t h t h e w r i t L e n c o n s e n t o f t h e Uoartl of r r (IF t h e A!:snciation, o r or t h e D e v e l o p e r , p r o v i r l e t l !;uuli wr- i t l . ~ n con!:crit. when o n c e C J v~e n and r e L i e d upon i n c o n r ~ e c t i o n w i t l l tlie p u r c l i a r , e a n a c q u i s i t i o n o f a c o n d o m i n i u ~ n a p a r t m e n t u n i t may n o t t : t ~ e r e a F t c r 11e r e v o k e d o r t e r ~ n i r i ; l t . e d w i t l r o u t tlic c o r i r , c n t r ~ f t11c ap.,rtmcnt. o w n e r , a n d p r o v i d e d Cur t h e r - , t l ~ a t : C I I i 1Jt:cn u n ~ l c r ; r;ucti arjc may v i s i t a n d t e m p o r a r i 1 . y r e s i d e i n in apartment u n i t p r o v i t l e d s u c h t e m p o r a r y r e s i d e n c e s h a l I n o t excc!c!d t h i r t y ( 3 0 ) d a y s w i t h i n a n y c o n s c ? c u t i v e t w e l v e ( 1 2 ) rnorith p e r i o ~ l . -

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D i r e c t o r s oE t h e A s s o c i a t i o n , o r oE t h e D e v e I . o p e r , provider] s u c h w r i t t e n c o n s e n t when o n c e g i v e n a n d r e l i e d upon i n c o n n e c t i o n w i t h t h e p u r c h a s e a n d a c q u i s i t i o n of a condominium a p a r t m e n t u n i t may n o t t h e r e a E t e r be r e v o k e d o r t e r m i n a t e d except p u r s u a n t to t h e t e r m s ancl c o n d i t i o n s oE t h e w r i t t e n consent. A l l p e t s s h a l l be m a i n t a i n e d a n d k e p t p u r s u a n t t o t h e r u l e s a n d r e g u l a t i o n s p r o m u l g a t e d by t h e A s s o c i a t i o n , a n d i n t h e e v e n t t h a t any condomlnium u n i t owner E a i l s t o a b i d e by t h e r u l e s a n d r e g u l a t i o n s oE t h e A s s o c i a t i o n r e g a r d i n g p e t s a s t h e y may, f r o m time t o t i m e , b e a d o p t e d o r amended, s a i d t o n d o m i n i u r n owner may b e s u e d by t h e Association a n d t a k e n t o c o u r t to e n f o r c e t h e rules and r e g u l a t i o n s adopted a n d p r o m u l g a t e d by t h e A s s o c i a t i o n , a n d i n s u c h e v e n t s a i d condominium o w n e r s h a l l b e r e s p o n s i b l e f o r a l l costs a n d e x p e n f l e s incurred by t h e Association i n enEorcing its r u l e s and r e g u l a t i o n s i n c l u d i n g c o u r t costs a n d r e a s o n a b l e a t t o r n e y s '

Eees. 12.5 Nuisances. No n u i s a n c e s s h a L l be al.l.owed upon t h e c o n d o m i n i u m p r o p e r t y , nor a n y u s e o r p r a c t i c e t h a t i s t h e s o u r c e oE a n n o y a n c e to r e s i d e n t s o r which i n t e r E e r e s w i t h t h e p e a c e f u l p o s s e s s i o n ant1 p r o p e r u s e o f t h e p r o p e r t y b y i t s residents. A11 p a r t s o f t h e condominium sha1.L be k e p t in a c l e a n and s a n i t a r y c o n d i t i o n , ancl no r u b b i s h , refuse o r g a r b a g e a l l o w e d t o accurnul.ate nor a n y i r e a a1.l.owed t o exist. No a p a r t m e n t owner s h a l l . p c r m i t a n y Use o f h i s a p a r t m e n t o r make a n y u s e of I common e l e m e r ~ t s t h a t w 1 1 1 i n c r e a s e t h e cost O F i n s u r a n c c upoil tlic conclornini u m p r o p e r t y

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n Apar trricrit:; . Af t r r a p p r c ~ v n l 11y t h e 1.2. 7 L ~ e a s i Y. A s s o c i a t i o n a n e l s e w h e r e r c q u i r r ? c l , r n t i r c a p a r t m o n l : s may k~ r e n t e d p r o v i r l e d t h e ~ c c u p a r i c y i s r1nl.y 11y tlie I ? ~ ; s r r ,tii s f a m i l y a n d g u e s t , proviclccl t h a t n o a p a r t m e n t slial 1 hr? 1 c a s c d t o a n u n m a r r i e i l p e r s o n u n d e r t l i e a q c of t w e n t y - r i v e ( 2 5 ) y e a r s except with the express writtrn consent J t h e noarc1 o F D i r e c t o r s o f t h e Assoc iat:ir,n o r o f tlic D e v e I r l p r r , p r o v i d e d , s u c h w r i t t e n c o n s e n t when o n c e g i v e n a r c l ipil Upon i n i t i n of a conilomin iurn c o n n e c t i o n w i t t i t h e p u r c h a s e aritl a a p a r t m e n t u n i t may n o t t h e r r ? a I t e r h e r c v o k e c l o r t e r m i n a t e c l w i t h o u t t h e c o n n e n t O F tlie ; i p a r t m e n t o w n e r ; nor Rliall a n y l e a ~ e d a p a r t m e n t be o c c u p i e d , p e r m a n e n t l y o r t e m p o r a r i l y b y a n y p e r s o n u n d e r t h e ayr? of t h i r t e e n ( 1 3 ) y e a r s , e x c e p t wit11 t h e e x p r e s s w r i t t e n c o n s e n t o f t h e ~ s s o c i a t i o n o r oi t h e Developer. No l e a s e sha1.1. liave a t e r m o f less t h a n s i x ( 6 ) months. N o rooms may b e r e n t e d and n o t r a n s i e n C t e n a n t s s h a l l b e a c c o m m o d a t e d i n a n y a p a r t m e n t nor s h a l l any l e a s e of a n a p a r t m e n t r e l e a s e o r d i s c l i a r g e t h e owner t h e r e o f o f c o m p l i a n c e w i t h any o f h i s o b l i g a t i o n s and d u t i e s a s a n apartment owner. All oE the provisions of the ~ e c l a r a t i o n , Articles of Incorporation, By-Laws, and Rul.es a n d ~ e g u l a t i o n s oE t h e Association pertaining to use and occupancy shall be a p p l i c a b l e a n d e n E o r c e a b l e a g a i n s t any p e r s o n o c c u p y i n g a n a p a r t m e n t u n i t a s a t e n a n t to t h e same e x t e n t a s a g a i n s t a n

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a p a r t m e n t o w n e r and a c o v e n a n t u p o n t h e p a r t oE e a c h s u c h t e n a n t ,to a b i d e by t h e R u l e s and R e g u l a t i o n s o f t h e A s s o c i a - , t i o n , and t h e t e r m s a n d p r o v i s i o n s oE t h e D e c l a r a t i o n o f Condominium, Articles of Incorporation and By-Laws and d e s i g n a t i n g t h e ~ s s o c i a t i o na s t h e a p a r t m e n t o w n e r ' s a g e n t f o r t h e p u r p o s e o f and w i t h t h e a u t h o r i t y t o t e r m i n a t e a n y s u c h lease a g r e e m e n t i n t h e e v e n t of v i o l a t i o n s b y t h e t e n a n t o f S u c h c o v e n a n t , s h a l l b e a n e s s e n t i a l e l e m e n t o f any s u c h l e a s e or t e n a n c y a g r e e m e n t , w h e t h e r s p e c i f i c a l l y e x p r e s s e d i n s u c h a g r e e m e n t or n o t . 1 2 . 8 $1 n s . N o "For S a l e " o r " F o r Rent" s i g n s o r o t h e r d i s p l a y s or a v e r t i s i n g s h a l l be m a i n t a i n e d o n a n y p a r t o f t h e common e l e m e n t s , l i m i t e d common elements, o r a p a r t m e n t s , e x c e p t i n g t h a t t h e r i g h t is s p e c i f i c a l l y r e s e r v e d i n t h e Developer t o p l a c e " F o r S a l e " o r " F o r Rent" s i g n s i n c o n n e c t i o n w i t h any u n s o l d o r u n o c c u p i e d a p a r t m e n t i t may Erom time t o t i m e own, a n d t h e same r i g h t is r e s e r v e d t o a n y i n s t i t u t i o n f i r s t m o r t g a g e e w h i c h may become t h e owner of a n a p a r t m e n t , a n d to t h e A s s o c i a t i o n a s t o a n y a p a r t m e n t w h i c h i t may own.

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1 2 . 9 P a r k i n gSpaces. N o t r u c k or o t h e r c o m m e r c i a l v e h i c l e , b o a t s , t r a i l e r s , b o a t t r a i l e r s , m o b i l e homes, camper^ a n d t r a i l e r s o f e v e r y o t h e r d e s c r i p t i o n , s h a l L he p a r k e d i n a n y p a r k i n g s p a c e e x c e p t w i t h t h e w r i t t e n c o n s e n t of t h e Board oE D i r e c t o r s . 'phis p r o h i h i t i o n o f p a r k i n g s h a l . l . not a p p l y t o t e m p o r a r y p a r k i n g o f t r u c k s and commerr:ial v e h i c l e s , such a s € o r p i c k - u p , d e l i v e r y , a n d o t h e r commercial s v r v i c e s , o r t h e c o n d o m i n i u m A s s o c i a t i o n , u n i t o w n e r s ant1 r e s i d e n t s . 1 2 . 1 0 ----I n t e r i o r 1 1-; -1 1 1 . ~-.a y ~ . A l l d o o r s l ~ c t w e e n a p a r t m e n t s and i n t e r i o r h a l l w a y s s l l a l l . be k e p t c l o s e d a t a1.1 t l r n c s when n o t b e i n g u s e d f o r i n g r e s s and/or eyresr,. Screen or s c r e e n d o o r s o n e n t r a n c e s l ~ c t w e c n a p a r t m e n t unit:: ant1 i n t c r i o r c o r r i d o r s a r e p r o l i i h i t e c l u n l p g s : ; p ? c i C i c a l l y a u t l l o r izccl by t h e Association.

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12.11 R e ~ l a t i o n s . I
towers o f

Proviclecl, liowcver, that unti l the 12.14 Proviso. D e v e l o p e r h a s c o m p l e t e d a l l of t h e c o n t e m p l a t e d i m p r o v e m e n t s a n d c l o s e d upon t h e s a l e o f a l l t h e a p a r t m e n t s i n t h e conclom i n i u m , n e i t h e r t h e a p a r t m e n t o w n e r s nor t h e A s s o c i a t i o n , n o r t h e use o f t h e condominium p r o p e r t y shalL i n t e r f e r e w i t h t h e c o n t e m p l a t e d i m p r o v e m e n t s a n d t h e s a l e oE t h e a p a r t m e n t s . D e v e l o p e r may make s u c h u s e of t h e u n s o l d u n i t s and t h e common e l e m e n t s i n common a r e a s a s may f a c i l i t a t e s u c h c o m p l e t i o n a n d sale, i n c l u d i n g , b u t n o t l i m i t e d t o maintenance of a s a l e s

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o f f i c e , m a i n t e n a n c e oE m o d e l s , s h o w i n g of display of signs.

t h e property and the

In order to 13. M a i n t e n a n c e oE Community I n t e r e s t s . maintain a community oE congenial residents who are f i n a n c i a l l y responsible and thus p r o t e c t t h e value o f the a p a r t m e n t s , t h e t r a n s f e r o f a p a r t m e n t s by a n y o w n e r o t h e r t h a n t h e Developer s h a l l be subject to t h e f o l l o w i n g p r o v i s i o n s a s l o n g a s t h e condominium e x i s t s and t h e a p a r t m e n t b u i l d i n g i n u s e f u l c o n d i t i o n e x i s t s upon t h e land: 13.1 T r a n s f e r s S u b j e c t t o Approval. (a) Sale. N o a p a r t m e n t o w n e r may d i s p o s e oE a n y apartment or a n y m e r e s t i n a n a p a r t m e n t b y s a l e w i t h o u t approval of the Association. ( b ) Lease. N o a p a r t m e n t o w n e r may l e a s e an apartment without approval of the Association, except with the express written consent o f t h e Board o f D i r e c t o r s o f t h e A s s o c i a t i o n o r of t h e D e v e l o p e r , ancl s u c h c o n s e n t when o n c e g i v e n a n d r e l i e d upon i n c o n n e c t i o n w i t h t h e p u r c h a s e and a c q u i s i t i o n o f a c o n d o m i n i u m a p a r t m e n t u n i t may n o t t h e r e a f t e r b e r e v o k e d o r t e r m i n a t e d wi t l i o u t t h e c o n s e n t o f t h e a p a r t m e n t owner. ( c ) c;iLt. IF any apartment owner sIial1. a c q u i r e t i t l e by g i f t , t h e c o n t i n u a n c e of h i s o w n e r s h i p o f liin a p a r t m e n t s l ~ a l l .b r c , u b j e c t to tlie a p p r o v a l o f t h e A s s o c i a t i o n .

I F a n y a p a r t m e n t : owner ( d ) Otller ' l ' r a n s f c r s . s h a l l a c q u i r e h i s t i t 1 . e h y a n y manner n o t c o n s i d e r e d i n t h e f o r e g o i n g s u b s e c t i o n s , tlie c o n t i n u a n c e oC h i s o w n e r s h i p o f 111s a p a r t m e n t s h a l l . be sut):ject: to t h e a p p r o v a l o f t h e A r ; s r ~ c i ait o n .

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1 3 . 2 A q r ~ ~ a ~ ~s s o~ c i- a t, i o~ n .~ I a p p r o v a l oF t h e A s s o c i a t i o n t h a t i s r e q u i r e d For tlie t r a n s f e r of o w n c r s h i p oC a p a r t m e n t s s h a l l b e o h t a i n e r l iri t l l c To1 I r ~ w ni g m a n n e r : ( a ) Not i c e t o A .s ! ;-o c-i-a t i o n . 't'lie a p p r o v a l o r t h e A s s o c i a t i o n t h a t i s r e q u i r e d Cor t h e r n r o f ownersliip of a p a r t ~ n e n t : ; r;lia I. l l ~ eo1,l:a i n e d iri tlie f r ~ lLowi nr] Inannrr : (1) S ale. An a p a r t m e n t owner i n t c n r l i n c ~ --t o makc a bona F i d e a oC l i i s a p a r t r n c n t o r a n y i n t e r e s t in i t s h a l l g i v e t o tlie A s s o c i a t i o n n o t i c c o f sucli i n t e n t i o n , t o g e t h e r w i t h t l i e name anrl a d c l r c s n o r the i n t e n d c r l p u r c h a s e r a n d s u c h o t h e r i n f o r m a t i o n c o n c e r n i n g t l i e i n tender1 p u r c h a s e r a s t h e A s s o c i a t i o n may r e a s o n a b l y r e q u i r e . Such n o t i c e , a t t h e a p a r t m e n t owner'^ o p t i o n , may i n c l t ~ d e a demand b y t h c a p a r t m e n t owner t h a t t h e A s s o c i a t i o n f u r n i s h a p u r c h a s e r of t h e a p a r t m e n t i f t h e p r o p o s e d p u r c h a s e r i s n o t a p p r o v e d ; and i f s u c h demand i s macle, t h e n o t i c c s t i a l l h e a c c o m p a n i e d by a c o p y o f t h e p r o p o s e d c o n t r a c t o f s a l e s i g n e d by t h e p c o p o s e i l purchaser. (2) Lease. A n a p a r t m e n t owner i n t e n d i n g t i d e l e a s e oE h i s a p a r t m e n t o r a n y i n t e r e s t i n t o t h e A s s o c i a t i o n n o t i c e oE s u c h i n t e n t i o n , t o g e t h e r w i t h t h e name a n d a d d r e s s oE t h e i n t e n d e d lessee a s t h e A s s o c i a t i o n may r e a s o n a b l y r e q u i r e , a n d a c o p y o f t h e p r o p o s e d l e a s e s i g n e d by t h e p r o p o s e d l e s s e e .

to m a k e a bona it s h a l l give

(3) ,&G Devise or Inherl'tance; Other Transfers. An apartment owner who has obtained his title b y gift, devise or inheritance, or by any other manner not previouslv considered. shall aive to the Association notice of the acquiring of hi; title, together with suck information concerning the apartrhent owner as the Association reasonably require, and ,a certified copy of the instrumen evidencing the owner 's title.

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(4) Failure to Give Notice. If the above required notice to the Association is not givep, then at any time after receiving knowledge of a transactioh or event transferring ownership or possession of an apartment, the Association at its election and without notice may approve or disapprove the transaction or ownership. If the ~SS0ciation disapproves the transaction oE ownership, the ~ s s o c i a ~ . i o n shall proceed as if i t had received the required notice on the date of such disapproval. (b) Certificate of Approval. (1) Sale. If the proposed transaction is a sale, then within thirty ( 3 0 ) days after receipt of such notice and information the Association must either approve or disapprove the proposed transact ion. If approvecl, the approval. shall. he stated in a certificate executed by any oEEicer o f the Association, in recorrlahle Torrn: said approval. to be recordetl in the Public Rccorrl.: of Darle County, Flor irla, by the Owners' Ansociation. ( 2 ) Lcaso. 1 :1 thc pr(>[JOr;c~l transacti o n is a lease, tllcn within tllirty (.30) clays after rrccipt of such notice ant1 information the Association must cithrr approve or disapprove the proposed transact ion. T f approverl, tile apptoval. sI1aI.I he statetl in a Ccrt i ficate exccr~tctl h y any officer of the An!;ociation in non-rccorr1abl.e Form.

(3) GiTt, Devise or Inheritance; Other Transfers. I T the ap,>rtrnent owner giving notice has a c q u m F i z t e t ~ v q- i f t , devise or inheritance or in ariv other manner, then witlliri tllirty (30) (lays after receipt o f s11cl1 notice and informat ion the Asr:ociat ion mtl.vt citllcr approve or disapprove the continuance oC the apar tmcnt owner 's owners11 ip of his apartment. IF approvecl, the appruval. shall. he stated in a Certificate executed by any officer of tllc Association in recordable Eorm: said approval to be recorded in the Puh1.i~ Records of Dade County, F'lor ida, I)y the Owners' A~3sociation. ~

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(c) Approval OC Corporate ~- -owner -.. . -0- tPucchaser. Inasmuch as the condominium may he used only for resident ial. purposes and a corpora t ion cannot occupy an apartment for such use, i f the apartment owner, purchaser or lessce of an apartment is a corportion, the approval of ownership or lease by the corporation, may be conditioned by requiring that all persons occupying the apartment be approveil by the Association.

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(d) Screening Fees. 'Phe Assoc iat ion may require the deposit of a reasonable screening fee simultaneouely with the giving of notice of intention to sell. or lease, or of transfer by gift, devise or inheritance, for the purpose of defraying the Association's credit and character report expenses in determining whether to approve or

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disapprove the transaction or continued ownership by a t r a n s E e r e e , s a i d s c r e e n i n g Eee t o b e s u m riot t o e x c e e d FIFTY ( $ 5 0 . 0 0 ) DOLLARS. 13.3 b i s a p p r o v e l

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t i o n s h a l l d i s a p p r o v e a t r a n s f e r o f o w n e r s h i p oE a n a p a r t m e n t , t h e m a t t e r s h a l l b e d i s p o s e d oE i n t h e E o l l c w i n g m a n n e r : (a) Sale. I E t h e proposed t r a n s a c t i o n is a s a l e a n d i f t h e n o t i c e o E s a l e g i v e n by t h e a p a r t m e n t owner s h a l l so d e m a n d , t h e n w i t h i n t h i r t y ( 3 0 ) d a y s a f t e r r e c e i p t oE o u c h n o t i c e and i n E o r m a t i o n t h e A s s o c i a t i o n s h a l l d e l i v e r or s h a l l by r e g i s t e r e d m a i l s e n d t o t h e a p a r t m e n t owner a n a g r e e m e n t t o p u r c h a s e t h e a p a r t m e n t s i g n e d by a p u r c h a s e r a p p r o v e d by t h e A s s o c i a t i o n , o r a n a g r e e m e n t t o p u r c h a s e s i g n e d o n b e h a l f of t h e ~ s s o c i a t i o nby i t s P r e s i d e n t and a t t e s t e d by i t s S e c r e t a r y , i n w h i c h e v e n t t h e a p a r t m e n t owner s h a l l s e l l t h e a p a r t m e n t to t h e named p u r c h a s e r a t t h e p r i c e a n d upon t h e terms s t a t e d i n t h e d i s a p p r o v e d c o n t r a c t to s e l l , e x c e p t i n g t h a t a t t h e o p t i o n oE t h e named p u r c h a s e r t h e p u r c h a s e p r i c e may be p a i d i n c a s h a t c l o s i n g . (1) The sale shall be c l o s e d w i t h i n t h i r t y ( 3 0 ) d a y s a f t e r d e l i v e r y o r m a i l l n q of t h e a g r e e m e n t t o purchase, o r upon t h e d a t e d e s i . g n a t c d i n thc d i s a p p r o v e d c o n t r a c t w h i c h e v e r d a t e shill 1. b e l a t e r . (2)

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t i t c the Association in r e c o r d a b l e form shal.1 b e

(3) [F tile A::soci.3tion nhall fai I to p u r c h a s e o r p r o v i d e a p u r c h a s e r upon rlemantl o f t h e a p a r t m e n t h f r r r n i s h e d by owner i n t h e manner p r o v i r l r r l , o r i f k c r t h e A s s o c i a t i o n s h a l l . d c E a ~ ~ l . it n h i s a y r e e m c n t t o p u r c h a s e , the proposed t r a n s a c t ion a L I. t)c I ? f o r m ; na irl a p p r o v a l t o b e r e c o r c l e r l 1 1 1 t h e Pul>l ic R e c o r d s of Darle C o u n t y , F I - o r i d a , by t h e O w n e r s ' Assnci a t ion.

( b ) . -L i f I t p r o p o r , e ( l t:ran!;act i o n i c, n ] . e a s e , the a p a r t m e n t owner sl1a l l t ) ~ ! a ( I v i s r c l of the clisapprc3val i n w r i t i n y , and t h e L e a s e s h a l l n o t IIC m a d e . (c) G i f t , Devise or ~.~ Inheritance; O t h e ~r I f t h e a p a r t m e n t owner ~ j i v i n g n o t i c e h a s a c q u i r e d F i t t i e by g i f t , d e v i s e o r i n h e r i t a n c e , o r i n a n y o t l l e r m a n n e r , t h e n w i t l l i n t h i r t y ( 3 0 ) d a y s a f t e r r e c e i p t Erom t h e a p a r t m e n t owner o f t h e n o t i c e and i n f o r m a t i o n r e q u i r e d to b e f u r n i s h e d , t h e A s s o c i a t i o n s h a l l . clel i v e r o r m a i l by r e g i s t e r c d m a i l s e n t to t h e a p a r t m e n t owner an a g r e e m e n t t o p u r c h a s e t h c a p a r t m e n t c o n c e r n e d by a p u r c h a s e r a p p r o v e d by t h e ~ s s o c i a t i o n who w i l l p u r c h a s e a n d t o whom t h e a p a r t m e n t owner m u s t s e l l . t h e a p a r t m e n t upon t h e f o l l o w i n g t e r m s : ~

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(1) T h e s a l e p r i c e s h a l l b e t h e [ a i r m a r k e t v a l u e d e t e r m i n e d by a g r e e m e n t b e t w e e n t h e s e l l e r a n d t h e p u r c h a s e r w i t h i n t h i r t y ( 3 0 ) d a y s Erom t h e d e l i v e r y o r m a i l i n g of s u c h a g r e e m e n t . I n t h e a b s e n c e oE a g r e e m e n t a s t o price, the price s h a l l be determined by a r b i t r a t i o n in accordance with t h e then e x i s t i n g r u l e s of t h e American Arbitration Association, except that the a r b i t r a t o r s s h a l l be

two (2) appraisers appointed by the Amer Lcan Arb1 trat ion Association who shall base their determination upon an average of their appraisals of the apartment; and a judgment oE speciE1c performance of the sale upon the award rendered by the arbitrators may be entered in any court of competent jurisdiction. The expense o f tho arbitration shall be paid by the purchaser. In any such action for specific performance the prevailing party shall be entitled to recover his reasonable attorneys' fees and court costs incltrred. caah

(2)

.

The purchase price shall be paid in

(3) The sale shall be closed within thirty (30) days following determination o f the sale price. (4) A certiEicate of the Association executed by an o f its officers in recordable form shall be delivered to t e purchaser; an orlginal of said certificate shall be recorded in the Public Records of Dade County, Florida, by the Owners' Association.

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(5) I f the Association sha1.1. tail to provide a purchaser as required by this instrument, or L C a purchaser furnished by the Asfiociation shall default in h is agreement to purchase. then notwi tl~stancling cli sapproval such ownership shall. be deernc(1 to have been appcoverl, and the shall. turn is11 a certificate of approval as Association elsewhere provided, in recordahle Corm, tr~ the apartment ccrtificat:" of a p r v a shall be owner: an original. oT a recorded in the Publ.ic llecord.% of Dadc County, Fl.r)rirla, by the Ownerfi' Association. y a ~ . No apartment: c7wrlpr may mortcjagc his 1.3.4 M o r t apartment nor any intr?.rcnt in it: withoc~t approval. oC the Association except to a bank, 1 ifr! i n s ~ ~ r a n c ecompany o r a savings and loan association, nr tr) ;I seller to R ~ C I I ~ aC portion or all of the purclla!:c ']rice. 'I'he approval of any other mortgagee may be upon conditions (lcLr?rmincd by the Association or may be arbitrarily witlll~cl~l. 13.5 Excesiont;. -I Corcgoiny provi %ion$: f this section entit led "Maintenance o f Comrnun ity Intcrests" shal I. not apply to a transfer or purchase by a bank, l iEe insurance company, savings and l~oan association, or otller institution that acquires its title as the result of ownirlg a mortgage upon the apartment concernc-d, anti this r,hal~l.Ije no whether the title is acquired by deed from the mortgagor, his successors or assigns, or through Corecl.osnre proceedings: nor r;hall such provisions apply to a transfer, sale or lease by a bank, l ite insurance company, savings and loan association or other institution that s o acquires its title; neither shall ~ I I C provisions require the approval of a purchaser who acquires title to an apartment at a duly advertised pub1.i~ sale with open bidding as provided by Law, I a , but not limited to, execution sale, foreclosure sale, judicial sale or tax sale: neither stla11 such provisions apply to the Developer, or to any person who is an officer, stockholder or director oE its Developer, or to any corporation llaving some or all Of its directors, officers or stockholders in common with the Developer, and any such person or corporation shall have the right to freely sell, lease, transfer or otherwise deal with the title and possession of an apartment unit without

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c o m p l y i n g w i t h t h e provisions approval of the Association.

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or l e a s e n o t a u t h o r i z e d p u r s u a n t t o t h e terms of t h i s D e c l a r a t i o n s h a l l b e , v o i d u n l e s s s u b s e q u e n t l Y a p p r o v e d by the A s s o c i a t i o n s u b j e c t t o t h e p r o v i s i o n s of P a r a g r a p h 13.8 h e r e o f . 1 3 . 7 Notice o f L i e n or S u i t . (a) Notice of Lien. An a p a r t m e n t o w n e r s h a l l g i v e n o t i c e i n w r i t i n g to t h e A s s o c i a t i o n oE e v e r y l i e n upon h i s a p a r tment o t h e r than a u t h o r i z e d mortgages, t a x e s and s p e c i a l assessments w i t h i n f i v e (5) d a y s a f t e r the a t t a c h i n g oE t h e l i e n . ( b ) N o t i c e of S u i t . An a p a r t m e n t o w n e r s h a l l g i v e n o t i c e i n w r i t i n g t o t h e A s s o c i a t i o n oE e v e r y s u i t o c o t h e r p r o c e e d i n g w h i c h may a f f e c t t h e t i t l e t o h i s a p a r t m e n t , such n o t i c e to be given w i t h i n f i v e (5) days a E t e r the a p a r t m e n t owner s h a l l r e c e i v e n o t i c e t h e r e o f . (c) F a i l u r e t o--- C o m p l y . F a i l u r e t o comply w i t h t h i s s u b s e c t i o n conccrniny l i e n s will not a F f e c t the v a L i d i t y o f any j u d i c i a l s a l e .

1 3 . 8 Whenever in this section an approval. is r e q u i r e d o f t h e Arjsociation i n cotinectir>n w i t t i t h e sal.9, t r a n s f e r r i n g , l e a s i n g o r p l e d g i n g o f a n y a p a r t m e n t , a n d such a p p r o v a l s t l a 1 1 n o t h o v e been 01,tained p u r s u a n t t o t h e p r o v i L a i l ~ l r e upon the p a r t of t h e A s s o c i t ? t i o n t o sions hereof, o b j e c t i n w r i t i n g to sucli s a l e , t r a n s f e r , plcdglng o r l e a s i n g within ninety (YO) days a r t e r thc d a t e t t ~ e r p t o , o r within thirty ( 3 0 ) d a y s of t h e ( l a t e upon w h i c h t h e p u r c h a s e r , t r a n s f e r e e o r L e s s e e s h a l l t a k e possession of t h e p r e m i s e s , whichever a t I 1 b a t , h a l l c o n s t i t u t e w a i v e r hy t h e A s s o c i a t i o n o f the wr i t t e n C o n s e n t o t h e r w i n c r c q u i r e d by t h e s e c t i o n ; p r o v i d e d , ttowcver , t h a t t:tie O w n e r s ' A s s o c i a t i o n stla1 1. t h e n be r e q u i r e d t o g i v e t h e w r i t t e n consent i n r e c o r d a h 1 . e f o r m ; s a i d c o n s e n t t o b e recorcle
of Apartments 14. Purchase A s s o c i a t i o n s h a l l h a v e t h e power s u b j e c t to t h e f o l l o w i n g p r o v i s i o n s :

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14.1 Decision. The d e c i s i o n o f t h e A s s o c i a t i o n t o p u r c h a s e a n a p a r t m e n t s h a l l b e made b y i t s D i U e c t o r s , w i t h o u t t h e n e c e s s i t y oE a p p r o v a l b y i t s m e m b e r s h i p , e x c e p t a s 1.9 h e r e i n a f t e r e x p r e s s l y p r o v i d e d Eor.

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14.2 Limitation. I E a t any t i m e t h e A s s o c i a t i o n s h a l l b e t h e owner o r a g r e e d p u r c h a s e r o f t h r e e ( 3 ) o r more a p a r t m e n t s i n t h i s condominium, i t may n o t p u r c h a s e any additional apartments therein without the prior written a p p r o v a l of s e v e n t y - f i v e ( 7 5 % ) p e r c e n t OE t h e members e l i g i b l e t o vote. A member whose a p a r t m e n t i s t h e s u b j e c t m a t t e r oE t h e p r o p o s e d p u r c h a s e s h a l l be i n e l i g i b l e to v o t e t h e r e o n , p r o v i d e d , h o w e v e r , t h a t t h e l i m i t a t i o n s hereoE s h a l l n o t a p p l y t o a p a r t m e n t s to be p u r c h a s e d a t p u b l i c s a l e r e s u l t i n g Erom a f o r e c l o s u r e o f t h e A s e o c i a t i o n ' s l i e n Eor d e l i n q u e n t assessm e n t s where t h e b i d oE t h e A s s o c i a t i o n d o e s n o t e x c e e d t h e a g g r e g a t e o f t h e amounts d u e by v i r t u e oE a n y and a l l s e n i o r o r s u p e r i o r l i e n s a g a i n s t t h e a p a r t m e n t p l u s t h e amount due t h e A s e o c i a t i o n , n o r s h a l l t h e l i m i t a t i o n oE t h i s p a r a g r a p h a p p l y t o a p a r t m e n t s t o be a c q u i r e d by t h e A s s o c i a t i o n i n l i e u o f f o r e c l o s u r e oE s u c h l i e n s i E t h e c o n s i d e r a t i o n t h e r e f o r does not exceed t h e c a n c e l l a t i o n oE s u c h l i e n and the assumption o f any e x i s t i n g m o r t g a g e i n d e b t e d n e s s o n the apartment

.

15. Corn l i a n c e and D e f a u l t . Each a p a r t m e n t owner s h a l l be g o v e r n e d l $ k d T h a l l comply w i t h t h e t e r m s o f t h e D e c l a r a t i o n oE Condominium, A r t i c l e s oE I n c o r p o r a L i o n , By-Laws, and t h e R u l e s and R e g u l a t i o n s a d o p t e d p u r s u a n t to t h o s e d o c u m e n t s , a s t h e y may be amended Erom t i m e t o t i m e . F a i l u r e oE an a p a r t m e n t owner t o comply w l t h s u c h clocuments and r e g u l a t i o n s s h a l l . e n t i t l e t h e A s s o c l a t i o n or any aygr i e v e d a p a r t m e n t owncr t o t h e E o l l o w i n g r e L i p f i n a d d i t i o n t o tlie remcclies p r o v i d e r i by t h e Condominium A c t . 1 5 . 1 -N . ey --l i y.c n. -. c-c.. Ari apat-tm?nt owner a I he l i a b l e f o r the e x p e n s e o f ariy m a i n t e n a n c e , r e p a i r o r r e p l a c e 11y t l ~ a t oT any ment r e n d e r e d n e c e s s a r y by i s neg1.igence r r 1 ; c t l i e i r guc!;t,q, employen!;, a q e n t n member o f liis a o r l e s s e e s , b u t o n l y t o t t i s e x t c n t t:liat ,711ch e x p s n s ? i n not met by t h e p r o c c c d s of i n s u r a n c e c a r r i e d 1)y t h s A.snoci a t i o n . An a p a r t m e n t owncr h a I. pay tlie Ar,!;ociation tlie amount e l f any i n c r e a s e i n i t s i n s u r a r i c c prcmi urns eIc:canionecl hy u s e , m i s u s e , o c c u p a n c y o r abanclonmsnt o f a n apartment- of i t s a p p r l r t v n a n c e s , o r of tlie common clementr: 11y t:hc a p a r t m e n t o w n c r . 1 5 . 2 C o s-t s - and - -- -A t-t-v r-r i e y o ' Fees. t n any p r o c e e d i r i g 7 a r i s i n g b e c a u s e o f an al.l.egcd f a 1 l u r e o r 5 n a p a r t m e n t owner o r t h e A s s o c i a t i o n t o comply w i t h t h e terms o f t h e D e c l a r a t i o n , A r t i c l e s o f I n c o r p o r a t i o n o f t h e n o c i t i o n , t h e By-I,aws, o r t h e Rul.es a n d R e y u l a t i o r i s a d o p t e d p u r s u a n t t o tliem, a s they may be amended from time t o t i m e , tlic p r e v a i l iny p a r t y s t i a l l be e n t i t l e d t o r e c o v e r the c o s t s of t h e p r o c e e d i n g , ant1 tlie A s s o c i a t i o n , i f i t s h a l l p r e v a i l , sliaI.1. f u r t h e r be e n t i t l e d t o r e c o v e r s u c h reasonab1.e a t t o r n e y s ' f e e s a s may be awarclcd by t h e c o u r t , p r o v i d e d , liowever, no a t t o r n e y s ' f e e s s h a l l he r e c o v e r e d a g a i n s t t h e A s s o c i a t i o n in any s u c h a c t i o n . 1 5 . 3 NO waiver of ~ i y h -t s . ' r h e f a i l u r e of the A s s o c i a t i o n o r any a p a r t m e n t owner t o e n f o r c e any c o v e n a n t , r e s t r i c t i o n o r o t h e r p r o v i s i o n of t h e Condominium A c t , t h i s D e c l a r a t i o n , t h e A r t i c l e s oE I n c o r p o r a t i o n of t h e A s 8 o c i a t i o n , t h e By-Laws o r t h e R u l e s and R e g u l a t i o n s s h a l l n o t c o n s t i t u t e a w a i v e r of t h e r i g h t t o d o so t h e r e a E t e r .

16. Amendments. Except a s elsewhere provided w i s e , t h i s D e c l a r a t i o n oE Condominium may be amended f o l l o w i n g manner:

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1 6 . 1 Notice. Notice o f t h e s u b j e c t m a t t e r o f a p r o p o s e d amendment s h a l l b e i n c l u d e d i n t h e n o t i c e o f a n y m e e t i n g a t w h i c h a p r o p o s e d amendment is to be c o n s i d e r e d . 16.2 A r e s o l u t i o n f o r t h e a d o p t i o n of a proposed a m e n d m e n t may be p r o p o s e d by t h e Board o f D i r e c t o r s o f t h e A s s o c i a t i o n or b y t h o s e members o f t h e A s s o c i a t i o n o w n i n g a p a r t m e n t s i n t h e condominium. Owners may p r o p o s e s u c h a n a m e n d m e n t by i n s t r u m e n t i n w r i t i n g d i r e c t e d to t h e P r e s i d e n t , or S e c r e t a r y oE t h e Board s i g n e d by p e r s o n s o w n i n g n o t less t h a n t o n (100) p e r c e n t o f t h e a p a r t m e n t s i n t h e condominium. Amendments may be p r o p o s e d b y t h e B o a r d of D i r e c t o r s by a c t i o n oE a m a j o r i t y o f t h e B o a r d a t a n y r e g u l a r l y c o n s t l t u t e d meeting thereof. Upon a n amendment b e i n g p r o p o s e d a s h e r e i n provided the P r e s i d e n t o r , i n t h e event o f h i s reEusal o r E a i l u r e t o a c t , t h e Vice P r e s i d e n t e l e c t e d b y t h e D i r e c t o r s Erom t h e c o n d o m i n i u m , o r , i n t h e e v e n t o f h i s r e f u s a l o r f a i l u r e t o a c t , t h e n t h e Board o f D i r e c t o r s , s h a l l c a l l a m e e t i n g o f t h o s e members oE t h e A s s o c i a t i o n o w n i n g a p a r t m e n t s i n t h e condominium t o b e h e l d n o t s o o n e r t h a n E i E t e e n ( 1 5 ) days n o r l a t e r t h a n s i x t y ( 6 0 ) days t h e r e a E t e r f o r the purpose of c o n s i d e r i n g s a i d a m e n d m e n t . D i r e c t o r s a n d members n o t p r e s e n t i n p e r s o n or by p r o x y a t t h e m e e t i n g c o n s i d e r i n g t h e amendment may e x p r e s s t h e i r a p p r o v a l i n w r i t i n g , p r o v i d e d s u c h a p p r o v a l is d e l i v e r e d t o t h e S e c r e t a r y a t o r p r i o r t o t h e meeting. Icxcept a s o l s c w h r r c p r o v i rlerl, s u c h a p p r o v a 1 . s m u s t be e i t h e r by:

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( a ) Not Icss t h a n s i x t y - s i x and t w o - t h i r d s ( 6 6 2 / 3 0 ) p e r c e n t o f t h e e n t i r e m e m b e r s h i p oT t l ~ c B o a r d o f D i r e c t o r s and n o t l o f ; s t t ~ a n f i f t y - o n c (51.%) p e r c e n t o f t h e a p a r t m e n t ownr:~-s: 01: VIl,l,A U A Y VIS'l'A L'ONIIOMINTUM; o r (11) Not I s t h a n : ; c v e n t y - f i v e (75H) percent oE t h e e n t i r e membership o r t h e c r ~ n t l o ~ n i n i u ma d m i n i ! : t c r c t l by t h e A s s o c i a t i o n , p r o v irled, h o w c ~ c r, t l ~ a t r ~ n it l r,ucll t i m e a s a m a j o r i t y o f t h e members o f t h e Ooarrl oT i ~ i r e c t o r s a r c c l . e c t e r 1 by u n i t owrlers o t l ~ c r t h a n ttic D e v e l . o p c r , a 1 1 amendrnenCs t o t h e be approvvrl as scC Tor t h i 11 Declaration shall. P a r a g r a p h 1 6 . 2 ( a ) o r ( d ) ; ant1

( c ) I n t h e a l t c r n a t i v c , a n .itncndmcnt may h c made b y an a g r e e m e n t i j e l a n 0 acknowlcilyctl by a1 I c o n d o minium owner!; i n t h e manner r e q u i r e d Er~r t h e e x e c u t i o n o f a d e e d , ant1 s u c h amcnclmcnt shal.1. IIC e f f c c t i v c when r c c o r [ l e d i n t h e P u b l i c R e c o r d s o f Uatle C o u n t y , F l o r i i l a , provided, l ~ o w c v c r, t h a t u n t i l 'such time a s a m a j o r i t y oC t h e m e m b e r s oT t h e Doarrl of D i r e c t o r s a r c eI.ecter1 hy 1111i t o w n e r s o t h e r tllan the D e v e l o p e r a l l a m e n d m e n t s t o t h e D e c l a r a t i o n s h a l I. be a p p r o v e r l a s s e t tort11 i n Paragrap11 1 6 . 2 a o r (11). ( d ) U n t i l . t h e f i r s t e l e c t i o n of: D i r e c t o r s , by o w n e r s o t h e r t h a n t h e D e v e l . o p e r , a n d so l o n g a s t h e D e v e l o p e r s h a l l h a v e t h c r i g h t to 1:il.l v a c a n c i e s e x i s t i n g i n t h e o r i g i n a l B o a r d o f D i r e c t o r s , p r o p o s a l o f a n amendment and a p p r o v a l t h e r e o f s h a l l r e q u i r e o n l y the a f f i r m a t i v e a c t i o n of a l l o f t h e D i r e c t o r s , a n d n o m e e t i n g oE t h e c o n d o m i n i u m u n i t o w n e r s nor any a p p r o v a l t i l e r e o f w l l l b e n e c e s s a r y .

unit

16.3 p r o v i s o . P r o v i d e d , h o w e v e r , t h a t no amendment s h a l l d i s c r i m i n a t e a g a i n s t a n y u n i t owner nor a g a i n s t a n y U n i t o r c l a s s or g r o u p o f u n i t s , u n l e s s t h e u n i t owners s o a f E e c t e d s h a l l c o n s e n t ; a n d no amendment s h a l l c h a n g e a n y U n i t n o r t h e

s h a r e i n the common e l e m e n t s a p p u r t e n a n t ' t o i t , n o r i n c r e a s e t h e o w n e r ' s s h a r e o f t h e common e x p e n s e s , u n l e s s t h e r e c o r d owner of t h e u n i t c o n c e r n e d a n d a l l r e c o r d o w n e r s o f m o r t g a g e s o n s u c h u n i t s h a l l j o i n i n t h e e x e c u t i o n o f t h e amendment; n e i t h e r s h a l l a n amendment make a n y c h a n g e i n t h e s e c t i o n e n t i t l e d " I n s u r a n c e " nor i n t h e s e c t i o n e n t i t l e d "Reconstruct i o n or R e p a i r a f t e r d a a u a l t y ' " u n l e s s t h e r e c o r d o w n e r s o f a l l m o r t g a g e s upon t h e condominium s h a l l join i n t h e e x e c u t i o n o f s u c h amendment. No amendment s h a l l b e a d o p t e d w i t h o u t t h e c o n s e n t a n d a p p r o v a l oE t h e D e v e l o p e r , s o l o n g a s i t s h a l l own f i v e (5) or more condominilrm u n i t s i n VILLA BAY VISTA CONDOMINIUM. No amendment s h a l l make a n y c h a n g e w h i c h would i n a n y way a f f e c t a n y o f the rights, privileges, powers and/or options herein provided i n favor of o r r e s e r v e d to t h e D e v e l o p e r , or a n y p e r s o n wtio i s a n o f f i c e r , s t o c k h o l d e r o r d i r e c t o r o f t h e D e v e l o p e r , o r a n y c o r p o r a b . i o n h a v i n g some o r a l l o f i t s d i r e c t o r s , o f f i c e r s , or s t o c k h o l d e r s i n common w i t h t h e Developer u n l e s s t h e Developer s h a l l . j o i n i n t h e e x e c u t i o n o f s u c h amendment. A c o p y of each 16.4 Execution and Recordinq. amendment s h a l l b e a t t a c h e d t o a c e r t i E L c a t e c e r t i y i n g t h a t t h e amendment was d u l y a d o p t e d , a n d t h e s a i d c e r t i E i c a t e s h a 1 . l b e e x e c u t e d b y tlie P r e s i d e n t o C t h e A s s o c i a t i o n and a t t e s t e r l t o by t h e S e c r e t a r y w i t h t h e f o r m a l ~ i t i e so f a d e e d and s h a l l be e f f e c t i v e upon r e c o r i l a t i o n t h e r e o f I n tlic P u b l i c R e c o r d s of Dade C o u n t y , F L o r i d a .

17. ' I ' e rm-in -a t-i-o r.i-. ' t i c contlr>min i ~ r m may I t c r m i naked i n tlie E o l l o w i n y manner i n atlcli t i o r i \:(I t h e iniariticr p r o v i ( l e ~ 1by t h e Condominium ~ c t : 1 7 . 1 D e s t r u c t i o n.. t f i I: i r ; rletcrrninrltl a!; e l s ~ ? w l i c r c p r o v i d e d t h a t t h e a p a r tmerit L ~ u Ii c I i ncj r,lia 1 1 n o t l ~ c r e c o n s t r u c t e d b e c a u s e o l m a j o r a m a ~t.tic coridornini~lm plq3n ownorsh i p wi 11. b c t c r i n i n a t c c l wi t:lio~it a r j r v p m c n t . -

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17.2 Qrecment 'l'lic conclomi nirrm may t ~ c t c r m i r i a t c r l al: any t i m e by t h e a p p c o v a l i n wri t i of a . r c c r ) r i l o w n e r s o f a p a r t m e n t s a n d a I r c c o r d c~wricr:: f rnortqriycr: on a p a r t m c n t s . N o t i c e o f a m e e t i n g a t w l i i c l i t h e p r o p r x c r l t e r m i n a t i o n i s t:o h e c o n s i d e r e d s h a l l . b e g i v e n 110t l e s s t h a n t l i i r t y ( 3 0 ) ( l a y s p r i o r t o t h e d a t e o f s n c h i n e c t i n y ; provi(1c.d t l i a t t h e a p p r o v a l . O E ownern o f n o t i e s s t l i a n s e v e n t y - E i v e (758) p e r c e n t of t h e common e l e m r t ~t s , a n d t h e a p p r o v a l o l a11 r:ccord o w n e r s o f m o r t y a g e s upon tile a p a r t r n c n t s , arr! o t a i ~ i e la t tlic mec,t i n g o r within t t i i r t y (30) days t h e r e a f t e r , then the approvinq owners s h a l l h a v e a n o p t i o n to t ~ u y a l l . of tlir a p a r t r n r n t s oE t l i e o w n e r s n o t a p p r o v i n g oC t e r m i n a t i o n , I o p t i o n t o r:ontintle f o r a p e r i o d of s i x t y ( 6 0 ) d a y s Erorn t h e ( l a t e o f s u c h meeting. A p p r o v a l . by a n owner of a n a p a r t m e n t u n i t , o r oC a m o r t g a g e encumber i n y a n a p a r t m e n t u n i t , s h a l I b e i r r c v o c a t ~ l e u n t i l e x p i r a t i o n of t h e a f o r e r e c i t e d option t o purchase t h e a p a r t m e n t o f o w n e r s n o t so a p p r o v i n g , and i f t h e o p t i o n t o purchase such a p a r t m e n t is e x e r c i s e d , then such a p p r o v a l s h a l l be i r r e v o c a b l e . The o p t i o n t o p u r c h a s e t h e a p a r t m e n t s of u n i t s n o t a p p r o v i n g oE t e r m i n a t i o n s h a l l . be e x e r c i s e d upon t h e following terms: ( a ) Exercise of Option. The o p t i o n s h a l l . b e e x e r c i s e d by d e l i v e r y o r m a i l i n g by r e g i s t e r e d m a i l t o e a c h o f t h e r e c o r d o w n e r s oE t h e a p a r t m e n t s t o be p u r c h a s e d a n a g r e e ment to p u r c h a s e s i g n e d by t h e r e c o r d o w n e r s o f a p a r t m e n t s who

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\,',.\'I OGG2 i L271 5 will participate in the purchase. Such ~ g r e e m e n t sha1.1 indicate which apartments will be purch'ased by each participating owner and shall require the purchase of all apartments owned by ,owners not approving the termination, but the agreement shall efEect separate contract between each seller a n d his purchaser. (b) Price. The sales price for each apartment shall be the Eair market value determined by Agreement betheen the seller and the purchaser within thirty (30) days from the delivery or ,mailing of such agreement, and in the absence of agreement a s to price, it shall be determined by arbitration in accordance with the then existing rules of the American Arbitration Association, except that the arbitrators shall be two (2) appraisers appointed by the m e r i c a n ~ r b i t r a tion Association who shall base their determination upon an average oE their appraisals oE the apartment; and a judgment Of specific performance of the sale upon the award rendered by the arbitrators may b e entered in any court of competent jurisdiction. T h e expense of the arbitration shall be paid by the purchaser. In any such action for specific performance, the prevailing party shal.1. al.so be entitled to his reasonable attorneys1 fees and costs incurred in connection therewith. (c) Payment. The purchase pr ice shall. be paid in cash, provider], in the event there shal.l be a preexisting first mortgage on the condominium unit, and the mortgagee thereof shall be agreeable, then the purchaser shall have the option of assuming the rernainincj pr inci.paI ohl.igat ion thereof, and that portion oC the purchase price which is in excess of sucti mortgage shall he payable in ca.qt1 at r:lr,sing. (d) Closiri 'r'he sale shal 1 be closet1 within -r+: > i~tormination or the gat? price. thirty (30) days fol.l.owlng 17.3 CcrtiCicate. 'I'crminatiori oF the condominium in either of the foregoing manners sl1a11. be evidenced by a certificate of the Association executed hy its President ant1 Secretary certifying to the [acts erfectincj the termination; said cer t ificate to b~?comeeffect ive upon hei 1113 recorder1 in the Public ~ e c o r d sof Dade County, Flor Ida. 1 7 . 4 Shares --of Owners Actcr .-.~- After . 'I'crmination. .~ termination o f the condominium, tile owner!; 1 1 own 1:hc condominium property and a11 as.sctr, OF ttie Association attr ibutable to the conilominir~m as tonants-in-common in undivided sl~ares in the common elements appurtenant to the owners' apartments prior to tho termination.

17.5 Amendment. I is section concerning termination cannot be amended witliout con:lcnt of a1 I. apartment owners and all. record owners of institutional. First mortgages upon the apartments.

18. Common Surplus. Each apartment unit owner shall receipts of the own any common surplus (the excess of a Association, including, but not limited to, assessments, rents, profits and revenues on account of the common elements, over the amount oE common expenses) in the same percentage as his undivided share in the common elements appurtenant to his apartment

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19. SeverabiliQ. The i n v a l i d i t y i n wholc o r in p a r t oE any c o v e n a n t o r r e s t r i c t i o n , o r any s e c t i o n , subsection, s e n t e n c e , c l a u s e , p h r a s e or w o r d , o r o t h e r p r o v i s i o n s of t h i s D e c l a r a t i o n o f Conrjominium a n d t h e A r t i c l e s of I n c o r p o r a t i o n , B Y - ~ a w s a n d R u l e s a n d R e g u l a t i o n s of t h e A s s o e l a t i o n s h a l l n o t aEEect t h e v a l i d i t y O E t h e r e m a i n i n g p o r t i o n s . IN

WITNESS

WHEREOF,

the Jay

Developer f

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executerl

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this

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S i g n e d , s e a l e d and d e l i v e r e d i n the presence o f : S'I'UAR'I'

S'l'A'I'l: OF FI,OllIDA COUN'I'Y O F IIAlIE

PERLMAN

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INC:., a Flol: i d a n o n - p r o f i t mcml~er!;Iiip c o r p o r a t i o n , hcrchy a g r e e s t o a c c e p t a l l tllc b e n e f i t s 1 1 I or t h ~i l u t i ? ~ , r e s p o n s i b i l i t i e s , o b l i g a t i o n s , arid l ~ u r ( l c n s imposncl on i t 11y t h e p r o v i s i o n s oC t h e D e c l a r a t i o n . IN

WITNESS W H I C I ~ E O F , v r tJr,n BAY

VIS'I'A OWNERS

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11

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VILLA BAY VISTA OWNERS' ASSOCIATION, a Florlda ,non-profit corporation

Witnesses:

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A

a n d a t t ~ s t e d by

Attest:

U(j"UM (SEAL)

COUNTY OF

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BEFORE ME, a o o p a r p d HAR0L.D C.

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EXHIBIT " A " THE SHARE, EXPRESSED A S A PERCENTAGE, OF THE COMMON ELEMENTS, COMMON 'EXPENSES AND COMMON 'SURPLUS THAT IS APPURTENANT TO EACH CONDOMINIUM U N I T . VILLA BAY VISTA CONDOMINIUM COMMON OWNERSHIP PERCENTAGES PER APARTMENT

UNIT TYPE

-

PERCENTAGE OWNERSHIP PER UNIT -

UNIT NO.

TOTAL NUMBER UNITS

TOTAL PERCENTAGE OWNERSHIP

TOTAL :

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EXHIBIT " B "

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TO THE DECLARATION OF CONDOMINIUM FOR VILLA BAY VISTA CONDOMINIUM

EXHIRIT "C" TO THE DECLARATION OF CONDOMINIUM FOR VILLA BAY VISTA CONDOMINIUM

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record

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owr~e!r!;llip r

I

numtjcr

Iiave I ~ ? c n I

!

I

.

(3)

t:o

o t ~ t a ni i r i q I

in Artirlle X I 1 1 i~elow, t h e

which shall. congtitute

Subser4ucnt Developer

forth

t:Iic

1

(OIIZ)

r e 1 1 1 ')I

~?p?~-,at.r!clI I ~1 . 1 1 1 ~ A ! : ! ; o c i , i t i f ? n ; ~ : < , ~ l v , ~ y ,I -< ,I l

I~c-f-11

1 ~ 1 1 (t ' I I ~ T ! ; ( ~ I !;


n o n e o f t h e o t l ~ c r ! ; arc. l ) c i n q n l - l c l s ~ lfnt- $;.;;ilc try t:lir. l ) r ~ v c ~ l e ~ l ) c r i 11

I

tlit:

5

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r ) r < li n d r y i

;

to

o

I

I

r

:

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i

, L I I ~ r~tllnl~c!r of

~

corlstitute t11e e n t i r e Doarcl or Di~.r!r:tor!; be e l e c t e d b y u n i t o w n e r s , o t h e r

a u r ~ oni t c d t)v tile [ ) e v e l o p e r


L A W

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than the l)cvelopcr,

and C o l ~ c

f o l 1 ~JW:::

orrI,:r.i I\

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1 VILLA

BAY

,

T h e o w n e r s , o t l ~ c r t h a n o e v e l o p ~ r , 61:

VISTA

CONDOMINIUM s h a l l

e l ~ t ta

total

irl

I

two

of

(2)

Directors.

2.

so

For

long

as

D e v e l o p ~ r l~olcls a t

the

m units

o p e r a t e d by t h e A n s o c i a t i o n l o r

its

buslne'ss,

the

t l ~ cc o n t l o m i n i u m

in

s a l e i n the o r d i r l a r y i:oursc

of

elect

a t

shall

Developer

Least

be

to

entitled

l e a s t o n e (1) member of t h e D o a r d o f D i r e c t o r s .

A l l members ol

3.

by u n i t o w n e r s ' , o t h e r

the

Ansociation.

Uoard of

tllr

l n e m l ~ e r 01

1:llc

o

nrlt.

clcctcd

s t 1 a l 1 b e m e m b e r s oE

t h a n t l ~ rD c v c l o p e r ,

Any

Director::

r

I

of

1)ir~ctorn

I I I C ~ I ~ ~ I ~r Il r-

;I

i.lls

A.s:;ociation. 'I't11: in

N o v c r n l ~ c r oC

I ) e c l ; ( r i ~ t ion RCcorrl:~ 0 1

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i

of

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( : o ~ n ~ ~ i c r[ rI I: i Il,111k 1l11i1 1 1 i 12'150 I : I I I ~ i , ( ii 1 1 1 llfll

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I

(:~IIII~I>I

AIl'l'IC1,K . ~-..~ ~

s h a l l be ancl

Director

indemnified

liabilities,

a n by

~

cvcr y

IX ~~.

OCE i c e r

t l ~ cA s s o c i a t i o n i

I

I

cour~!;cL I w s ,

incLuding

A?;:;;(>citition

1:lle

of

r c a : ; o n a t ~ ly

expcnses incurred

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,

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( ; I ;>I 1 ~ i 1 1 kI I I I l~ ~ l 1i 1 ~ 1 I 2 ' j ' j O l % i! ; ( ! C I ~ I I C * I ~ ~ II C~ I v ; ~ r ( Sf I, It ~~ t ? ~ l f ; 1 1 1 1 i ii l i l i 3 1 1 1 1 1

M A l X l l , Y N IlYAN

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i n wllich h e may become

Or

h a v i n g been a D i r e c t o r o r

involved OETicer

by

rea!:on

incurred,

guilty ance

of

of

e x c e p t when

s h a l l be

duties.

time

tile

The

or

ma1 f e a s a n c e

foregoing

rigllt

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in

of

or

wllclllcr

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w i l l f i ~ lmisfeasance

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krcinq

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of

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hi!:

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a~ljurlged

t.11~ p e r f o r m -

indemniCication

to a n d c x c l r ~ s i v c oE a l l . o t h e r r i g h t s a n d

in a d d i t i o n

r e m e d i e s , t o w h i c h s u c h D i r e c t o r c ~ rO f f i c e r may h e e n t i t l c d . AR'I'ICLE.--X -' I ' l l ~ By-Laws

f

A!:soci a t i r>n sIia1 1

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he

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of

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anrl a d u p t e c l i n tile f o l l nwi nrJ lnanllcr : Notice

ment s h a l l b e

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of

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resolution for

may

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p r c ~ p o s e d hy

p r o p o s e such a n

ten

Secretary

(100) p e r c e n t O E

p r o p o s e d by t h e t h e Uoacd a t

Board

~ 8 a r do f

any

am~rirl-

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i

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:

the

i n w r i t i n g i ~ i r r c t e c lt o

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memberr,llip.

l ~ yn o t

i n the e v e n t

of

of

his

a majority of

constituCct1 meeting

r

or

a

r

ttlrreof.

sooner

days

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t h e Prc:;irlent,

D i r e c t o r s s h a 1 1 ca1 1 a r n c n t i n q ill' I h r r n r m h e r . ~ , h i pt c ,

not

Irris

A~nendmcnkr$.may b c

an amcndmcnt b c i ncJ propor;cd a s I i e r c i n p r o v i d c r l , or,

tile

CIT

Meml>"rs may

D i r e c t o r s ' by a c t i o n o f

regularly

t

t h e Aosoci.at:ion.

of tlic

a

of

amendment 1)y insCrument:

or

President

than

the

by t h e members o f

Association or

tile

t11c a r l o p t i o r ~ o f

i -11 i 1311. 111.

l~li~3

?Ii;iI 1 IIP

~ I I ~ I ~ I I ~ I I I I ~ ~ kI c~1L ~ ~

V

1 ;

r:r!L

fl~rlli

i n P a r a r j r a l l h 1 2 13 I a i l o v c .

C.

provicletl,

Ilnwcvrr

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cl~anges i n

tile

q u a 1 iE i c a t ion:;

rights

the

members,

of

nor

t11at for driy

a

~II~CIICJI~CIII:

110

1 n c 1 n t 1 : 1 1 i ~ i o r tile change

in

-7-

S('llll,)Nlt A .i, , O f

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Pra<,r,'~~~:,<,P,.,,

l 5 0 1

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'I.:,,\I;,\N 8,

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, , , I , , ,,4 mtn,

A

,l,iV,

,I

v o t i nq

w r i t i n c ~ 11y

all

members

and

the

joinder

t h e C o n d o n ~ i n urn i unl ts, ghal.1

be

Developer

,

a

recoi-11 owners- !)f

. .i nc1 u d III(J

without

tlls

the

ConClict

with

Condominium,

conr:cnt

the

nor

NO

Contlominium

shall

any

Developer,

or

of

any

or

RCC

amendment

o p t i o n s \ \ e r e i n proviclecl

Director

and

Devclopcr

I). -

n

l

,

make

any

rights,

p e r c o n 'who - i r , a n

1 1 e ;

r:l,py

A

01

.

I

NI,

tlrnl~~lclm~nt.

or

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(;0111ll:y, I.']

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OC

wt1ic11

changes

privileges,

powers

or

to t h e

rc!:ervecl

~ T f i c c r , Sl:ockl~olclr!r o r

any c o r p o r a t i o n liavi,nc~ some o r

1)cvcIopcr

I

I

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l - ; ~ ; l r l

I

is

i n common w i t h

I I

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in

kllc

w i 1 I1

tllr!

join

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t 11,.

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I l c p n r l m e ~ l l of: St:ol:,! !:Il,, I

LII~!

~ I I C ~arncnrllncrlt I

a p ~ i1c a l ~ l ~ I? r

i

j on

Declaration

tllc

i n f a v o r ~f

the ~cvcl.oper, or

c x ~ c n t l r ~onf

I

J

Approval

a l l of i t s D i r e c t o r s , o E r i c c r 9 or stockliolders the

r

amendmcni s h a l 1 t ~ cmade t h a t

would i n any way a E E c c t a n y of t h e and/or

.

i ~ c v vol p o r

n

so Ionrj a s i t slla 11 own o n e ( 1 1 o r mc,rc Cnnclrimi rlklrn

i n V I I , L A , 13AY V I S ' F A .

Units in

adopted

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sa id

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('OIJI)I>I.I I N I I J M .

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wil:l1i1)

11c IIAHOl~lI G l l l ? K N ~ l ? ~ t ~G

l l u i 1~1irlq, 12550 131 :;C:LlYIl~!

S u i t e 4 0 0 , M i a m i , F l o r irla 3 3 1 0 1 .

~ I Y

; X IV

c o r p o r a t i 011 lj;lnk

~

y-fc1111. ( 0 4 )

l l e c J i s t c r r ? ( l Ayen~: t o a c c r q ~ t : :;l:rvicc

state

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un i t s

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H a v i n g been above hereby

stated accept

IN

named to a c c e p t r ; c r v . i c e

corporation to. a c t

in

WITNESS WHERI.'OF,

signature:; h e r e t o t h i s

at this

the

place

r)E

process

d e n iqnntcd

Tor

hcrcllrl,

tllc

T

capacity,

an11 a g r e e

t ~ icomply

1ativc

to kccpinq

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t h c Sul~r,~:r ibers \I clay

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hnvc aC f i xrtl

their

. 1

S T A T E OF F L O R I D A

auttivr ity, personal ly after heinq duly sworn, h6 F ~ ? r e c j o i r c ~ l A r t i c l c s of c x p c o l ; r ; c l l i . \ l c t . e i 11. ed

t n c o r p o r a t i o n f o r t h e purpmic!;

My Commission E x p l i e s : (IulAllY

O'''l'JLO

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STA'I'E OF F I , O R l D A 1 COIIN'I'Y O F / ) / I / - . ~ .. .. ~

BEFORE ME, ~ : I I P \ i ~ i ~ l c ri !I ;J I I ? ~ ~ ~ I I L I I O I :i ky , [ ~ c ~ - l ; o n1 ayl a p p e a r e d A[,VIN , w11o a t : 1 r <111l;1 !:worn, acknowlcdqetl tllaL 111: r!xr:ctil.~,d t.lir: r j i I A r t if;lv!: of 1 r i c o r ~ ~ o i : a L i o En r ~ r C t ~ cI ) ~ I I I I ) : ; ~ c!xl'rf!:;!;r'~l ::; t.l~i:rr~irl.

My Co~nini ::r; i 1 1:1,,

,

I,',.

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orl

Expi

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S'I'A'PI.: 01,' FI,OI(r I)& COIJN'I'Y 01.' 1,./ \ ~ / ) /

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1. Identity. ' P h e s e a r e t h e Uy-Laws o f V1LI.A BAY VISTI\ OWNERS' A S s ? 1 A T I O N , INC., h e r e i n a r t e r caLl.ed t h e " A s s o c i a t i o n " , a c o r p o r a t i o n n o t f o r p r o f i t o r y a n i z c d and e x i s t i n g u n d e r t h e l a w s o f t h e S t a t e oE F l o r i d a , a n d p u r s u a n t t o t h e p r o v i s i o n s o f C h a p t e r 7 1 0 , F l o r i d a S t a t u t e s , a s amended to t h e d a t e h e r e o f , hereinafter r e f e r r e d t o a s t h e " C o n d o m i n i u m A c t " . 1.1 The o f f i c e o f t h e A s s o c i a t i o n s h a l l b e a t 2016 B a y D r i v e , Miami B e a c h , F l . o r i f l a . 1 . 2 'I'he the calendar year.

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( a ) I n a n y m e e t i n g O F members t h e o w n e r s oE C o n d o m i n i u m U n i t s s h a l l h e e n t i t l e d t o c a s t one ( 1 ) v o t e f o r e a c h C o n d o m i n i u m U n i t owned. ( b ) I f n C o n d o m i n i u m U n i t 1s o w n c d l ~ y o n e (1) h i s r i g h t t o v o t c s h a l l . b e e s t a l ~ l i s l i e r l b y tlie r e c o r d t i t l e to h i s u n i t . I f a n y Condominium U n i t is owned by more t h a n one ( 1 ) p e r s o n , o r is u n d e r i c a s c , t h e p e r s o n e n t i t l e d t o c a s t t h e vote for the Condo~niniu~n U n i t s h a l l b e ilcsignated by a c e r t i f i c a t e s i g n e d t ~ ya 1 1 o f t h e r e c o r c l o w n e r s of t h e C o n d o m i n i u m U n i t a n d E i l e d w i t h t h e S e c r e t a r y o f t h e As::ociat i o n . I f a Condominjum t l n l t i:; ownctl b y a c o r p o r a t i o n , t l i ~ p r r s o n e n t i t l e d t o c a s t tlie v r ~ t e f o r tlie ~ ' o r ~ ~ l n m i n i iU ~ nmi t s h a l l be d e s i g n a t e d by a c e r k i f i c a t c s i g n e d l ~ y tlrc P r e s i r l r n t o r V i c e P r c s i t l e n t ant1 a t L I l ~ l l c : ; e c r c t a r ' y or Asr;icLntit. S ~ c r e t a r y of tlic r r i ail fili?il witti t i r r r.]f tile A s s o c i a t i i ~ r r . :;trcl~ c c r t i C i c ~ l i c r ; !;II;I 1 1 be v a l i r l 11rrti I r e v o k r r l o r rlnt i 1 ! ; ~ ~ e r ! r l eIly i ;i : I I ! I I . r i 1i t i (11 11r1t i 1 a ctiancje i n t i l e i ~ w r i c r Il ~ 1 L I I P r:r>nrlritni t l i u ~ n U r l i t. : i ~ i ! r i i I . A c e r t i f i c a t e i l e s i g n ; > t i n ~ ]1:hc p r r s o n e n t i t l e i l t:n I I I I V vnl:c o f a Condomi n ium I l r i i I: nay I)? r c v r ~ k c r l 11y ally rIwnvr of a Cr,ti(lnmini.um U n i t . I f such a e r 1 : i i : t : i!: 11r1t n n f i e , I t i e v o t e of such r w c r 1 I r ~ t .I i ni1 i n rlr,l.crini n i ny 1 1 1 1 ~ r e q u i r e m e n t f o r a quor-u~nn o r f o r a n y ol:liirr ["!I-por:n.

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T u r n o v e r M e- e-t-i n g . Not l a t e r t h a n s i x t y ( 6 0 ) 2 . 1 0 -elect a d a y s a f t e r u n i t o w n e r s o t h e r tllarl t h e D e v e l o p e r m a j o r i t y o f t h e m e m b e r s o f t h e l3oard o f D l r c c t o r r ; , a members h i p m e e t i n g s h a l l be IleId lFor t l ~ r p u r p o s e o f a 1 l o w i n g t h e Developer t o r . i q ~ i s lc o n t r r ~ l I t:I~c A.qr;ociaL i o n t the m e m b e r s a n d to d e l i v e r t:o t l ~ rAr;f;nci a t i o n t l ~ c p r o l ) ? r t y o f t h e i l r l i t o w n e r s anil of tile A s r ; r ~ ci n t i o n 11r!Icl t>y o r : i t : r ~ 1l by the Devcluper a t.11 c a c l ~ r i o n i r i I I I I ! ~ L I . I 1)y t.11~ Association. v .i r v i l l , Ilnwrvcr, I t 11rll- i I IIIV 2 . 1 P r .- -~ Developer a s clonerl I ! ; a l e s of 1 I of t : l l ~ ( : o r i ~ l i i ~ n ii n11111 UniC.7, o r 1 1 1 1 t : i l I l l r ! l)cvr!Iopr~r- I r l ! ; ( 1 3 t r l r ~ ~ ~ i t ~ lii!; ; ~ t ~ fr ,: ( ~ ~ i b r < ~ l oC t h e c o n t l o ~ n i ni ~ 1 1 1 , w l ~i c l ~ c v l ! r :;l1:11 1 f i r s t : ~ J C C : I I ~ , t:111, 11r11<:1?r,rli nyr; o f ;il I t n s c l t i tlqr: r I I I I : I 1I A ! : t : I I I tiavrc n o cfKec:L t~nlc!;:; a[~pt.ovr!
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( d ) Except a s t o v a c a n c i e s c r e a t e d by r e m o v a l oE D i r e c t o r s b y members, v a c a n c i e s i n t h e Board O F n i r e c t o r s o c c u r r i n g b e t w e e n a n n u a l m e e t i n g s of members s h a l l hr f l l l c d by t h e remaining D i r e c t o r s d u r i n g the period prior t o the f i l l i n g oE t h e v a c a n c y by t h e p e r s o n o r b o d y h a v i n g t h e r i g h t to o r i g i n a l l y e l e c t o r a p p o i n t sclch D i r e c t o r , a s proviclerl h e r e i n i n A r t i c l e 3.16.

( e ) Any D i r e c t o r may b e removed by c o n c u r r e n c e oE a m a j o r i t y oE t h e v o t e o f a l l t h e Conclominlum U n i t o w n e r s . ' r h e v a c a n c y i n t h e B o a r d o f D i r e c t o r s so c r e a t e d s h a l l h e f i l l e d by t h e members o w n i n g Contlominium I J n i t n i n sllcli condominium a t the same m e e t i n g . (E) P r r ~ v i t l e c l , l ~ o w e v c r, I:hat u n t I l tlie D e v e l o p e r h a s terminatcrl iCr; : r i r o t:lir ~ r ; ; : i t . i r ~ t, l ~ e ~ ~ e v e l c ~ ~ ~ ~ e r s t l a 1 l h a v e tile r i f j t i t I rcnlrlvc I I t : ' a 1 1 Oy i t , anil t o f i 1.1 ariy vacaric:y r : 1 1 lry I - l i r ? r I ~ a t 1 1 ,r r ~ ! ; I c j n a li ~ on o r inabil ity t o v f ~ ~ r - t l I ~: ~ rI ( I ;illy 1 ) i ~ . r , r ; t r ~ ~ .o ~ ~ i ~ j i ri yi a l a p p o i n t e d by i l . The

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3 . 9 Ad&urnetl Meetinqs. I f a t a n y m e e t i n g oE t h e B o a r d o f ~ i r e c t o r s Eb6?6--b%-Icss t h a n a q u o r u m p r e s e n t , t h e m a j o t i t y of t h o s e p r e s e n t may a d j o u r n t h e m e e t i n g Erom time t o time'. N o E u r t h e r n o t i c e n e e d be g i v e n o f a n a d j o u r n e d m e e t i n g . The s i g n i n g a n d c o n c u r r i n g i n t h e m i n u t e s oE c o n s t i t u t e t h e p r e s e n c e oE s u c h D i r e c t o r d e t e r m i n i n g a quorum.

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5.5 The T r e a s u r e r shall have custody o f P r o p e r t y o f t h e A S ~ O C ~ S E T Gi~n ;c l u i l i n g f u n d s , s e c u r i t i e s evidences of indebtedness. H e s h a l l . k e e p 1:he bookn o f A s s o c i a t i o n i n a c c o r d a n c r ! wit11 good a c c o t r n t i n g p r a c t i c e : ; ; h e s h a l l p e r f o r m a l l o t h e r d l r t i e n i n c i r l c n t t o 1:hc o f f i c e Treasurer. The A s s i s t a n t ' r r e a s u r c r , i E a n y , s h a l l per f o r m d u t i e s o f t h e T r e a s u r e r when t h e r e i ~ r e r i n a h s e n t , s h a l l otherwise. a s s i s t t'he T r c B s a ~ r e r . ---L--

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A d o p t i o n by B o- abr-d- - -o. f. - Di re c-t o r.s . 'I'iie U o o r d o f sliall. adopt a udget Tor the condominium a d m i n i s t e r e d by t h e A s s o c i a t i o n f o r e a c h c a l e n d a r y e a r t h a t s h a l l i n c l u d e t h e estimated funds r e q u i r e d to d e f r a y t h e common e x p e n s e s a n d w h i c h may p r o v i d e For f u n d s f o r r e s e r v e s f o r t h e condominium. 'l'hc a d o p t l o n o f a b u d g e t t o r t h e c o n d o m i n i u m s h a l l comp1.y w i t h ttie requirements h e r e i n a f t e r s e t forth:

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a. : p c c i n 1 M ~ n l ~ e r lM c~r biL i rig. If a I ~ u d g e t is a r l u p t c d by t h e 1 1 r I o f I t o w l l i (:\I r c q u i rc!: as!;cssment a i I : t l l c url i t w n r r i 11 ally yf2;1r. r!x(:c,li r:at; i o n h o tllc i l o ; l r ~ l o f l ) i r c c L ~ > r s o r a n y rnembcr 1 I 1 c r 1 . I I i I a I I iI I I stat? thr! p u r p o s e o f tllr ~ t i I : 1)"i rlcj 1 ' 1 i : ~ i ! i l r a (7n;lr:C Lhc r c c a l I r)f any and I I I I I ~ I I I ; o f t i r o f I i : t . ~ r ! a n to e l e c t t h e i r succcr;snrF:. ~

11. R r c a.. l.1 o f Di rcctrlr!:. I ij !;ucll .,i r n ~ i i r ~ tr y i FL6 r-i?]lii.- 1.11 ~- I p e r iocl a s D e v ~ l r ~ p r ir l l II,-IVP 01: tlie i r c t r r r ) T I l l ~ i t i ~ I, I I ;lrly a11(1 ii I 1 rnembr!r:; o f the o r I I o r ; 1 11y t t t i r , ('on(Io111i r ~ i (1111 Unit owners sliaI1 require a j i t v o t e o f '11 I ttir? (.'rln(lc~m i n i u r n U n i t o w n e r s oE sucli c o n d ~ mni i irrn. S r ~ s r r ~ r r i tIhr!ret:o, . t h e c e c a l i o f a n y a n d a I nlrlnl>cr!; o f t l l c I r a r ~ f I)irmct.c>rr, e l e c t e d by t h e Corlrlornitiiuln i l n i t ownrr:; 1 1 aI r r * r l ~ rri p a lna j o r i t y v r l t e O F a 1 1 I:11r! (:or~cIr)rn i r i i I I ~ I I I I I I i I. o w r ~ e f - ! :. C. Rev. .i .s i o.n o f . .U.l .r ( l ~ c j c- .-.t . I)lrr i tiq srrcti period of t i n a : I r v c l r ~ r: I t i a v c I:hr r i t l l l L t o e l ? ~ [ a m a j o r i t y oE t h e i ) i r c c t o r $ ; ool t h r A s s c l c i ; i I : i o t i , ;i r c v i r , i o 1 1 r ~ f t h e b l l c l g e t a d o p t c d t)y Liic 1lo;lrd rIf i ) i r c c l : o r ! ; ::ha11 r c c l ~ r i r r : t l i c a f f i r m a t i v e v o t e of a1 I t h e u n i t ownel-!: of i.hr: c(~ntlorninl1ln1. S u b s e q u e n t t h e r e t o , t h e r e v i s i o n o f t h e b u d g e t aclo[~tccl by t h e Board o f D i r e c t o r s s h a l l r e q u i r e t h e a f f m i v c v o t e o f n o t less t h a n s e v e n t y - f i v e ( 7 5 % ) p e r c e 1 . t o f a 1 1 u n i t o w n e r s .

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( 3 ) P- r- o- v- i- s-o. So l o n g a s Developer is i n B o a r d o f D i r e c t o r s 01 t h e A s ! ; o c i . ~ t i o n , s u c h impose a n a s s e s s m e n t f o r a y e a r q r c a t c r t h a n

o n e h u n d r e d f i f t e e n ( 1 1 5 % ) p e r c e n t o f t h e p r i o r y e a r ' ! : a!:gcnr,ment, a s hereinaEter i l e E i n e r l , wi t h r ~ u t t h e 1 ~ r r v 1 E a m a j o r i t y oE t h e u n i t o w n e r s . (4) A p p-r.o- v- a.l..- -o f.--.B- -u d- g-e t- . -b.y - _ M e m h c r s h i p . Notwithstanding t h e E o r e g o I n q , t h e . Boarrl o f D I r e c t o r s m a y , i n a n y e v e n t , p r o p o s e a b u d g e t to t h e u n i t o w n e r s a t a m e e t i n g of m e m b e r s or b y w r i t i n g a n d i f o u c h b u d g e t o r p r o p o s e d b t ~ d g e t h e a p p r o v e d b y t h e u n i t o w n e r s a t t h e m e e t i n g o r t ~ y m a j o r i t y oE t h e l r w h o l e n u m b e r by a w r i t i n g , s u c h b u d g e t s h a l l n o t t h e r e aEter be r e - e x a m i n e d by the unit owner9 i n t h e manner h e r e i n a b o v e s e t f o r t h , nor s h a l l t h e members h e e n t i t l e d to r e c a l l a n y B o a r d members i n t h e manner h e r e i n a b o v c s e t f o r t h .

(5) B u > ~ t R e q u i r l ~ g -A s s e s s m e n t s A g a i n s t U n i t -- - --r -X.F...-1 .T --t-e..c-n--r- I ~ % T T ~ r C C n T ~ 6 F - K ~ 5 e ~ = O w n e r s ~ x c e e d i nO~n e TIun ~ n d c t e r m l - n 3 G F i&-tTGT-a-fitid@t 6entFE'o;TTiG-P rqced - - .- -nnq Y ear. ---- -- --- .-- ---requfis a s s e s s m e n t a g a T n s t u n i t owners i n any y e a r e x c e e d i n g one hundred f i f t e e n ( 1 1 5 % ) p e r c e n t o f a s s e s s m e n t s Eor t h e i n the computations p r e c e d i n g y e a r , t h e r e s h a l l h e cxr:luclcd a n y p r o v i s i o n f o r r e a s o n a b l e r e s e r v e s made by t h e B o a r d o r D i r e c t o r s i n r e s p e c t o l r e p a i r 'or c e p l a c e m e n t o f t h e condom i n i u m p r o p e r - t y o r i n r e s p e c t of a n t i c i p a t e d e x p e n s e s b y t h e c c ~ n t l o m i ni I I I ~ a!;r,oc:. i a t ion wll i c h a not a n t ici p a t r i l t o l1e i n c : u r r e r l o n a ~ e i ~ 1 1 1 aorr a n r l u a l l > a s i , ? , a n d t l l e r r s h a l l h e e x c l l r d e d f r o m s11c:h c o m p ~ l t a it o n a!;scsr;mqnts f o r 1 ) c t t e r r n e n t s L n t h e c o n t l o m i n i u m p r o p e l . t y i f t h e I - a s o l l r o v i c l ~ o r a1 low t h e e s t a h l i r , h r n e n t n T rr?!;crvc!:, I ~ ~ s s i n r ~ o~ rt rl >: r t t c r r r ~ c n t r ; t o b e irnpo!;c~I by t l ~ cUijac(l o f i)ir(?(:tiir!;.

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t h e 1)udcjct f o r I.lic i a i I , w l l i c : I ~ I I I I , ? ~ i I I ~ J r,Ilal I 11r c a l lrcl ant1 I I C I d i n I I I I I iI I rlt I I I i i I IIIOIII~)CI~!;~I~~ nleetincj$; i r l a r i i ( 7 ) I I V , ; l r l r l ! ; 1 1 c l 1 1111il(~cl 1 : t 1 l ~ y t h e I I I ~ I I I ~ I ~ ~ : I :I [ ~) OII I ~ ~ t ~i i ,, , ; I J I I J I . < I V L I I o f V I I P 1;1aj11riVy v f I t l ~ r ! l3oa!-(1 of U i rpc:tor:;, I I l ~ I Ilr. i I r ~ r r l ~ j r ~ r 7 lf '~ t I I P A!;!;cII: i a t i ( ~ ) n fr)r s u c l ~yr:;lr . G . 3 A:;.-,css~ncntr;. I:IIP (:rirliIri. . ~ Ar::;ccr:!~~er~I:!; atja i nr;, m i n i u m U n i t o w n c r r : T r ~ r t.llr!ir !;h;lrr> r i f ' 1 1 i t f t l i r ! 1)11clrlr!I: s h a l l b e made Coc tl~i: c a l ~ r ~ ( l ayrr a r ;11i;1~1,il i y i n ;irlvtint:r: nn o r b e f o r e Decembc:r 2 0 r e : i n j I year r w l i i c : I ~ t:Ilr> a : ; s e s s m e n t s a r e rnacle. Slrcll ar:::cssmcnt!; sI1a11 Ilc r11r~ i n eqr1;11 i n s t a l l m e n t s , p a y a h l c o n t h e f i r ! ; t l a of c!a(:h I I I O I I ~ ~ Iof llle y e a r f o r w l ~ i c h t h e a s s e s s m e n t s ,arc tt~t~clc. [ f a11 ar111uaI c-I::sP:I:;nlcrlt ir; 1 1 I I iIi t I ! ; ! ; I ; ; I I P I ~ I I IJ~! ~ ~ T ~ ! ; I I I I I C ~ C ~ ti, llavt: : I I i n t l i r , I I I n~ f I I I I , l.a!;t. 111 i111- ~ - I ! ~ ! ~ ~ ~ ! ~ : ; I I ~ ~ ~ I I ~ . 111 ~ I I C . evcrlt. t i : I I I ; ~ ~; : r ; ! ; i ~ i l [irr)vr!!; t ~ f i i I I ! ; I I ~ f i I : ii!111~ , tlle l ~ u d g e t a n d ; s e ; r : ~ ~ e nI t I alncnllrri . a t ;~rly I . ~ I I I P I)y tllr Uoarti or D i r e c t o r s . UIIJ);I i 11 ~ ! ; ! ; ! : : I I I P I I ~ for t h e ~~~llll~illinc) p o r t i o n o f tile c a l e n d a r a I w l l i c : I ~ a n a ~ n r ~ n ( l r ~atsl : ; c n s i n c ~ ~ I i s rn;lde s h a L 1 b e p a y a l l l c l i l l I ! in;lrly rclu,2l i ~ i ! ; ~ aIITIPIII.? l a!; t h e r e a r e f u l l . m o n t l r s o f t h e c a l e n d a r y e a r l e l k a!; o f tllr d a t e o f s u c h a m e n d e d a s s e s s m c n t , tach s11c11r n c l n t h l y i n s t a l 11ncnt t o b e p a i d o n t h e f i r s t d a y o f t h e m o n t h , commcnclnrj t h e f i r s t Providr:(l, nothing herein s h a l l d a y oC t h e n e x t e r l s u i n y m o n t h . s e r v e t o p r o h i b i t o r p r e v e n t t h e B o a r d or D i r p c t o r s f r o m l m p o s i n g a l u m p s u m a s s e s s m e n t 111 ca!;e o f ally in1111ci1iate n e e d or e m e r g e n c y . ~

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6 . 5 T h e d e p o s i t o r y of t h e A s s o c i a t i o n s h a l l b e s u c h bank or b a n i = s m % 6 d e s i g n a t e d , f r o m t i m e t o time, b y t h e D i r e c t o r s and i n which t h e monies o f t h e A s s o c i a t i o n s h a l l be d e p o s i t e d . W i t h d r a w a l o f m o n i e s Erom s u c h a c c o u n t s s h a l l b e o n l y - b y c l i e c k s s i g n e r 1 h y n11cI1 p e r s o n s a o a r e a u t h o r i z e d by t h e Dicectorcl. 6 . 6 F i d.-e-l-i-t ~ b -o-n..-d smay h e r e q u i r c r l by t h e B o a r d a persons haridl ing or responnihlc Directors for A s s o c i a t i o n f u n d s i n s u c h amount a s ntia11 b e ( l c t e r m i n e r l by Doard. t i e p r c m i i ~ l n s o n s u c h bond!; s h a l l b e pair1 h y Assoclatiori.

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,. ( 1 ) Not l . e s s t h a n , s e v e n t y - f i v c ( 7 5 $ ) perr:cnt: o f t h e v o t e s of t h e e n t i r e m e m h e r s l ~ i p Erorn t h c (:on,Iorni n i u ~ n a d m i n i s t e r e d by t h e A s s o c i a t i o n . ProJirletl, f~owcve, r that u n t i l , s u c h t i m r ? a s a m a j o r i t y of t h e members o f t l ~ B coartl o f D i r e c t o r s oE, t h e A s s ~ ~ c i a t i o snh a l l h e e 1 c c l : e d t ~ y u n i t o w n e r s o t h e r t h a n t h e Devcl.opcr a l . l a m e n d m e n t s t o t h c Uy-1.awg s h a l I b e a p p r o v e d a s s e t E o r t h i n s r ~ h p a r a q r a p l0~ ( a ) o r ( ( 1 ) ; ancl ( c ) I n t h e a l t e r n a t i v e , a n a m e n t l m e ~ ~may t b e made b y a n a g r e c r n e n t s i g n e d a n d a c k n o w l c d y c d b y a1 l c o n d o m i n i ~ l m o w n e r s i n t h e m a n n e r r e q u i r e d f o r t h e execution of a d c e d , a n d S u c h a m e n d m e n t s h a L 1 be e f f e c t i v e when r e c o r d e d i n t t ~ e P u b l i c R e c o r d s o f Dade C o u n t y , F l o r i d o . Prov.idec1, however, that u n t i l s u c h time a s a m a j o r i t y o f t h e members 01 t h e B o a r d oE D i r e c t o r s oE t h e A s s o c i a t i o n s h a l l b e e l e c t e d by u n i t o w n e r s o t h e r t h a n t h e D e v e l o p e r , a l l a m e n d m c n t s t o t h e I3y-1,aws s h a l l b e a p p r o v e d a s s e t E o r t h i n pa ray rapt^ 0 a o r (dl. ( d ) U n t i l t h e E l r s t e l e c t i o n oE D i r e c t o r s , b y u n i t o w n e r s o t h e r t h a n t h e D c V e l o p e r , a n d so 1.onq a s t h e D e v e l o p e r s h a l l have the r i y h t to f i l l vacancies existing in the o r i g i n a l Board o f D i r e c t o r s , propclsal o f a n amendment and a p p r o v a l t h e r e o f s h a l 1 r e q u i r e or11y t l ~ c aEE i r ~ n a t i v c a c t i o n o f a l l oE t h e n i r e c t o r r ; , a n d rlo m e e t i n g o f t l ~ r C o r ~ ~ l o r n i n i u mu n i t o w n e r s n o r a n y , i p l s r o v a l t : l ~ c r c o f nccrl t ~ cIlarl. 0.I I.'.c -o .v i s..n.. . P r o v i d c i l , howcvr:r, t h a t rio a m c n t l m e n t n i n e a i n t any o r l n i i I 1111i 1: r ~ w n r r nr>r c l q a i nst a n y Co111'1o1niniilrn 1Jr1i t cjr i:la:;$; o r c j r i 1 1 ~ 1111'~ utli 1::; unlc!;!: tllc C o l l d o m i n i i ~ r n Un i. t owrli:r!; !;I> C I E 1 ' ~ c : l c ~con!:vnt. l N o a~ner~tlmcnt: I 1. 1 I)? l l ! III,II: i !; i 11 1 1 ' I i t w i t 11 t I I ~ , i ~ r i i l o n~ i ~I i A c t , tile A r t i c l e ! of l ~ r : i ~ r o r i it : I any I v ii I ; I t.11~ c 1a r t i I 01' J I I I i I~ . No a r ~ ~ p r l i l ~ n ~ r:;ha1 ~k. I \I? aiIc>pt.eil w i t h o u t : t11e ccsn!;crlt. , l r i c l r v o r tlie l ) ~ v i : I o p c r , !;c> l f ~ ~ r ~a:;c j it i ~ a I l own (1 ) I I ( ~ ~ I ~ rI r iI i I 1.; i 11 lllr c:un~lnrni n i Ilrn knr~wri ;I:; " V 1 l , l , A IjAY V l !;'l'A" -

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