|
1ar~, Termination and Lx~ui~~.tion. The terzrzinatian of the con~rnon ~.terest '
<br />connnunity, a.nd the distribution of any proceeds therefrom, shall be gave~.ed by N1C1t~A, Any
<br />distribution of funds shall be based upon tae value of the Units as determined by their xelative
<br />value for pra~e~r insurance purposes, and shall be made to owners anal their mortgage holders,
<br />as their interests m.ay appear, as provided in 1~C1~A. .
<br />10,4, N'o~ice~ The Association shall give written notice of any candemnatian
<br />proceedings or substantial destruction of ~e Praper~r to the El7gible l~or~gagees entitled to
<br />notice under Section 14,10.
<br />10.5. Associa~~on's.,.A~th~, ~n all cases ~.valv~ng reconstruction, conden~natian,
<br />eminent domain, termination or liquidation of ~~ con~an interest community, the Association
<br />shall have authority to act an behalf' of the owners in air proceedings,' negotiations and
<br />settlement of claims, All proceeds shall be payable to the Association to hall and distribute for
<br />the ben.ef~t of the owners and their mnrtg~.ge halde~s, as their interests nosy appear, in
<br />accordance with MCi~A. ~ .
<br />S~~TIU~ ~.~.
<br />~A~EIIl~TS
<br />Each Unit and the Can~mon. Elements, and the rights of the owners and Occ«pants
<br />therein, shall lie subject to the appurtenant easements and rights granted and reserved in. this
<br />Section 12,
<br />11.1, Access, Each Unit shall be the beneficiary of a nonexclusive easement far access,
<br />ingress to and egress horn a street or highway an and. across those portions of the ~omn~ot~ .
<br />Elements designated far use as d~veways ar wall~ways, as originally canst~~cted, shown an the
<br />Plat ar athexwise designated by the Association, subject to atay restrictions authorized by the
<br />Ciovernirig ~ocume~ts or the Mules,
<br />i 1.~, ~ Use and En'a ent, Each Unit sha~1 be the l~eneficia~~y of nonexclusive
<br />'casements for use and enjoyment on and across the Common E1em.ents and. any Limited
<br />Connnan Clement allocated to the Units, subject to any ~estrictians authariz~d ar in~pased. by the .
<br />governing l~oaUmen.~s.
<br />l 1, ~, ~t~,lctu~al Su~~aor~. Each U~.t and. tha ~omn~on Elements shall be sub j ect~ to and
<br />~e benei'iaiary of no~.exclusive easements far str~,tctural support in all walls, cal~amns, joists,
<br />girdexs aid other struct~.ral components located. in or ps,ssing through another Unit ar other parCs
<br />of a wilding, ar slaared~ with a.~ adj Dining Unit or the Common Elements, ~ .
<br />11,4, Encraacl7ments, Each Unit and the Common. Elements, and the rights of the
<br />owners and Occupants therein, sha11 be subject to a nonexclusive easement xn favor of the
<br />adjoining Units ~'or encroachments caUSed by the cQns~.i.c~.an, reconstruction, repair, shi~~.gy
<br />settlement or movement of any part of the Praper~y, and for lmpravem.ents ~which~ are added in
<br />Go~npliance with ~cction 7.1Q, Sf .ere is an eneraachn~ent upon another Unit ar the Cornxnan
<br />Elements, as a result of any of the aforementioned cau.sss, an. easement shall exist for the
<br />encroachment, far the use, enjaynaent anal. habitation of any encroaching Unit ar ~mprovem.ent, .
<br />and for the rnaintena~ace there,af. In~pra~rements ar alterations added pursuant to Sectio~a 7,10
<br />MP~,S-word 2a2~ so.3 ~7 ~ .
<br />
|