5. HRSR 03-01-2010 - Laserfiche WebLink

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33.5. The interest of a secured party holding a first lien on a Unit includes the license to any Stall which is assigned to the Unit at the time of foreclosure of the secured party's Item; provided that, unless the secured party has given written notice to the Association of a contrary agreement with the Owner of the Unit, the secured party "s consent to the transfer of a Stall license prior to the commencement of a foreclosure action shall not be required if at least one Stall remains licensed to the Unit. 3.3.6. The use of the Stalls and the Garage, and the size and types of cars and other vehicles which may be kept in the Garage, are sub j ect to the restrictions set forth in this Declaration and the Rules and Regulations approved from.time to time by the Board'. The Association shall apply for and maintain any permits required for the Garage. Any license,' lease, rental, use, assignment, transfer or purported transfer of any interest in a Stall in violation of this Section shall be void. 3.4, Storaize Areas. A, portion of the Building Common Elements includes storage areas' constmeted as a part of the original construction of the Building (collectively the "Storage Areas" or individually a "Storage Area "), which may be licensed to and reserved for use by Owners and Occupants of Units, and their tenants. The Storage Areas shall be licensed by the Association to the Units by operation of this Section 3.4 as authorized by Section. 515B.3-- 102(9) of M CZOA., The Storage Areas shall be licensed, and the operation and transfer of the Storage Areas shall be administered by the Association, in accordance with this Section 3,4. The following- 'Conditions and restrictions shall govern the licensing, assignment, use and transfer of the Storage Areas. 3.4.1. The exclusive Yicense to use one or more designated Storage Areas may be granted as a part of the conveyance by the Owner of a Unit that has not been previously voluntarily oonveyed as of the effective date of this Declaration (the "Original .... _ _.._......... _..._ _....._.....Seller.')).. The Original Seller shall .file with the Association., written notice of ,the - Unit...... . conveyed and the'identifter for the Storage Area. .Additional Storage Area licenses shall be issued by the Association pursuant to this Section 3.4 upon : the filing with 'the Association of a similar written notice by the Original Seller. Effective upon the filing of the notice of Storage .Area assignment with the Association, the identified Storage Area shall, by operation of this Section. 3.4, be deemed to be licensed by the Association as of the date set forth in the notice to the Owner of the Unit designated in the notice. A certificate *evidencing the Storage Area license shall be executed by the President or Secretary of the Association on behalf of the Association and made available for tiniely delivery to the Owner of the Unit to which the license is assigned. - Any Storage Areas remaining Lmlicensed after all Units have been initially, voluntarily conveyed may be reserved for handicapped parking or assigned to the Association. _ 14.2. Upon and following the initial licensing of a Storage Area, the use rights with respect to the Storage Area shall be deemed to be perpetually licensed by the Association excli.lsively to the Owner of the Unit to which the Storage Area is assigned, subject to the provisions of Section 3.4.3. The Association shah maintain records identifying the Storage Areas, the name's of the Owners of the Units to which they are licensed and the dates of assigmment and any transfer of the license in accordance with the terns of this Section. M?U - 'ST+Tord 2021803 8