Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
Condominium Resale Certificate - Williams & Williams
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
p 'B5 MIG/jlf 2/4/84<br />
resulting from a partial condemnation or partial destruction<br />
of the <strong>Condominium</strong> project may be effected without the<br />
approval of the eligible holders of first mortgages on Units<br />
to which at least fifty-one percent (51%<br />
) of the votes of<br />
Units subject to mortgages held by such eligible holders are<br />
allocated.<br />
15.3 Notice to Mortgaqees: Upon written request to the<br />
Executive Board, the holder of any duly recorded mortgage or deed<br />
of trust against any Unit shall thereafter be given copies of any<br />
and all notices permitted or required by this Declaration to be<br />
given to the Unit Owner or owners whose Unit Ownership is subject<br />
to such mortgage or deed of trust (such written request to state<br />
the name and address of such holder, insuror or guarantor and the<br />
Unit number).<br />
Notices shall be given to mortgagees under the<br />
following conditions:<br />
Any proposed amendment of the Declaration effecting<br />
a change in (i) the boundaries of any Unit or the exclusive<br />
easement rights appertaining thereto, (ii) the interests in<br />
the general or Limited Common Elements appertaining to any<br />
Unit or the liability for Common Expenses appertaining<br />
thereto, (iii) the number of votes of Unit Owners appertain<br />
ing to any Unit or (iv) the purposes to which any Unit or<br />
the Common Elements are restricted; except as to those<br />
permitted in Article X hereof:<br />
Any proposed termination of the <strong>Condominium</strong>;<br />
Any condemnation loss or any casualty loss which<br />
- 35 -