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5. HRSR 03-01-2010
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5. HRSR 03-01-2010
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Last modified
5/13/2014 9:08:35 AM
Creation date
2/26/2010 2:53:59 PM
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City Government
type
HRSR
date
3/1/2010
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10.3. Termination and Lzuid.ti�r. The termination of the common Interest <br />r�.. - - . -- - _... <br />community, and the distribution of any proceeds therefrom, shall be governed by MCYOA. Any <br />distribution of funds shall be based upon the value of the Units as determined by their relative <br />value for property insurance purposes, and shall be made to Owners and their mortgage holders, <br />as their interests nay appear, as provided in MCIOA. <br />10A Notice. The Association shad give written notice of any condemnation <br />proceedings or substantial destruction of the Property to the Eligible Mortgagees entitled to <br />notice under Section 14.10. <br />10.5, Association's Authori In all cases involving reconstruction, condemnation, <br />eminent domain, termination or liquidation bf the common interest community, the Association <br />shall have authority to act on behalf of the Owners in all proceedings,' negotiations and <br />settlement of claims. All proceeds shall be payable to the Association to hold and distribute for <br />the benefit of the Owners and their mortgage holders, as their interests may appear, in <br />accordance with MCIOA. <br />SECTION 11 <br />EASEMENTS <br />Each Unit and the Common Elements, and the rights of the Owners and Occupants <br />therein., .shall be 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 for access, <br />ingress to and egress from a street or highway on and across those portions of the Common. <br />Elements designated for use as drivoways or wallmmys, as originally constructed, shown on the <br />Plat or otherwise designated by the Associ <br />
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