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3.4,3. A Storage Area license shall remain with the Oumer and the Unit to
<br />~vhich ~~ is assigned ~~ntil the license is ~~ansferred in accordance with this Section,
<br />5~~b~eot to Section 3,4.x, a., Storage Area license may be transferred, but only by first
<br />delivering to the Association ~i) a written transfer certificate, in farm approve. by the
<br />Association, signed by the ~ansferor and transferee, and ~ii~ all prior license certificates,
<br />and copies thereof, issued with respect to the Storage Area, The Association shall review
<br />the proposed ~ansfer certificate for compliance with this Section 3.4, and if the transfer
<br />camplies, ~e Association shall transfer the license on its records to the Unit awned by
<br />the transferee, In ~e absence of a properly executed transfer certificate to the contxary, a
<br />Storage Area license assig~.ed to the O~vner of a Unit at the tinge afthe Unit's conveyance
<br />shall be autarnatic~.lly transferred to the new Owner with the conveyance of title to the
<br />Unit,
<br />3.4,4, Owners may rent or allow the use of theix licensed Storage Area to or by
<br />other Owners and Occupants, except as limited by the L~oard in waiting, The loose ar
<br />other use right shall l,e in vuritten form, and shall terminate when flee lessor, lessee ar.
<br />other user is na longer an Owner ~r Occupant, regardless of the terms of any agreement
<br />to the contrary, The Owner shall give the Association advance written notice of any lease
<br />or use agreement with respect to such O~rner's Storage Area, and shall provide a copy of
<br />the lease ar use agreement to the Association ~~pon its request, The Association may
<br />hold, convey and transfer the lic~nsc to, or rent, a Storage Area assigned to it,
<br />3,4.x. The Interest of a secured pad holding a first Tien on a Unit includes the
<br />license to any Storage Area which is assigned to the Unit at the time of fareclost~re of the
<br />secured party's lien; pxovided that, unless the secured party has given written 'notice to
<br />the Association of a contrary agreement with the Owner of the Unit, the secured party's
<br />consent to the transfer of a Storage Area license, prior to the commencement of a ,
<br />foreclos~Yre action shall n.at be requYred if at least one Storage Area xe~mains licensed to
<br />., .. ~ the Unit ~ ~.
<br />3,4,x, The use ofthe Storage Areas, anal the sire and types of~pcrsot~al property
<br />that nay be stored in the Storage Areas, are subject to the restrictions set forth in this
<br />Declaration and the Rules and Regulations approved from true to time by the 13aard,
<br />Any lzcense,~lease, rental, use, assignment, transfer or purported transfer of any interest in
<br />a. Storage Area in violation o~'this Section shall be void.
<br />3~5~ ~,iaensin ofPla~a Area, The Owner afthe Oo~ntnercial Unit ad~aining the Playa
<br />Area shall, if the Unit is utilised far a restaurant, coffee shop ar si~.ilax food se~ice facility,
<br />have a license for the outdoor seating of customers o~. and within the Plaza Area, The Playa
<br />Area shall be sub~eGt to such. reasonable .Mules as may be approved by the ward from tiuae to
<br />tune to ensure that noisy a~Yd. activities occurring on the Pl~,~a. Area do not unduly disturb the
<br />quiet cn~oyment of other Owners and Occupants, Such Rules may, but need not, include hours
<br />of operation consistent with maintaining the quiet en~ayment of the property by all Owners and
<br />Occupants,
<br />ivirr.,s-Word X02180,3 ~
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