AgdaPkt 2011-09-12 - Laserfiche WebLink

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6. 1. F. - Page 61 of First Mortgages is specifically required elsewhere in this Declaration), the Association shall not materially and adversely, with respect to such mortgages, amend any material provisions of the Condominium Documents which establish, provide for, govern or regulate any of the following: (a) Voting rights; (b) Assessments, Assessment liens or priority of such liens; (c) Reserves for maintenance, repair and replacement of the Common Area; (d) Insurance or fidelity bonds; (e) Rights to use the general or Exclusive Use Common Area; (f) Responsibility for maintenance and repair of the Development; (g) Expansion or contraction of the Development or the addition, annexation or withdrawal of property to or from the Development; (h) Boundaries of any Unit; (i) Reallocation of interests in the Common Area or Exclusive Use Common Area; (j) Convertibility of Units into Common Area or of Common Area into Units; (k) Leasing of Units; (1) Imposition of any right of first refusal or similar restriction on the right of an Owner to sell, transfer or otherwise convey his Condominium; (m) A decision by the Association to establish self management when professional management has been required previously by a Mortgagee of a First Mortgage; (n) Restoration or repair of the Development (after a hazard damage or partial condemnation) in a manner other than that specified in the Condominium Documents; (o) Any action to terminate the legal status of the Development after substantial destruction or condemnation occurs; or (p) Any provisions which are for the express benefit of Mortgagees, Insurers or Guarantors of First Mortgages on Condominiums. For purposes of this Section 8.6, implied approval by any Mortgagee of a First Mortgage may be assumed when such Mortgagee fails to submit a response to any written proposal for additions or amendments to the Condominium Documents within sixty (60) days after the Mortgagee receives proper notice of the proposal, provided the notice was delivered by certified or registered mail, with a "return receipt" requested. Section 8.7 Restrictions on Certain Changes Except as provided by statute, in case of condemnation or substantial loss to the Units and /or Common Area by fire or other casualty, unless two- 51 CCRS -One Marina. docx