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7.1.F. - Page 78 <br /> K. Use of Unassigned Parking Spaces; Transfer of Parking Spaces: Other than <br /> the rights of the Declarant or the Association to charge for the use of Parking Spaces that have <br /> not been licensed or assigned to Owners, no parking space may be rented, licensed or transferred <br /> for use by anyone other than an Owner of a Condominium in the Project. The Declarant, as long <br /> as Declarant holds Declarant's Rights hereunder shall have the rights of use of Parking Spaces <br /> that have not been licensed to Owners and may make such Parking Spaces available for use by <br /> Condominium Owners or the public and may charge for such use. After such time as Declarant no <br /> longer has Declarant's Rights, or relinquishes the rights herein provided, the Association shall have <br /> the rights of use of Parking Spaces that have not been licensed to Owners and may make such <br /> Parking Spaces available for use by Condominium Owners or the public and may charge for such <br /> use. A Condominium Owner may enter into an agreement with the Owner of another <br /> Condominium for the temporary use of a space by the Owner or Occupant of the other Unit. The <br /> agreement shall be a license only and shall not transfer any other interest in the space. Each <br /> license must be on a month-to-month basis, terminated on no later than thirty (30) days' prior <br /> notice by the Condominium Owner. <br /> L. Storage Space Licenses: Declarant may designate certain areas of the <br /> Garage as "Storage Spaces" that Declarant may license or otherwise assign by the Declarant to <br /> Residential Owners under written Storage Space License Agreements as "Exclusive Use Storage <br /> Spaces". Declarant may license or otherwise assign such Exclusive Use Storage Spaces to a <br /> Residential Owner for such a length of time as the Declarant deems appropriate, for as long as <br /> this Declaration is still in force and effect. The Residential Owner who has been licensed or <br /> otherwise assigned such an Exclusive Storage Space shall have the exclusive use the Storage <br /> Space for the duration of such Storage License Agreement, as long as that Residential Owner <br /> complies with the terms of this Declaration and with the Storage License Agreement. The rights of <br /> the Residential Owner who has been licensed or assigned a Exclusive Use Storage Space shall be <br /> deemed to appurtenant to the Residential Owner's Residential Unit, and such Residential Owner <br /> shall be entitled to transfer or assign his or her rights of use under the Storage Space License <br /> Agreement to a tenant or other occupant of his or her Residential Unit, in accordance with the <br /> provisions of the Storage Space License Agreement. Upon the sale or transfer of a Residential <br /> Unit by a Residential Owner who has been licensed or assigned an Exclusive Use Storage Space, <br /> the Residential Owner shall be deemed to have transferred or assigned his or her rights of use <br /> under the Storage Space License Agreement to the Person or Persons who acquired the <br /> Residential Unit, or to another Residential Owner, in accordance with the provisions of the Storage <br /> Space License Agreement. <br /> M. Storage License Agreement: Each Person who is licensed or assigned the <br /> right to use an Exclusive Use Storage Space in the Garage, as described above, shall execute a <br /> written "Storage Space License Agreement" with the Declarant. The Storage Space License <br /> Agreement may contain other provisions regarding the rights to use the Storage Space in the <br /> Garage, including provisions requiring the Owner to pay a reasonable fee to the Association for <br /> use of a Storage Space. If any Person who has been provided a license or otherwise been <br /> assigned a right to use a Exclusive Use Storage Space under this Section 2.4 fails to pay any fee <br /> that has been allocated to that Person, the Declarant, as long as Declarant is operating the <br /> Garage, and the Association, after such time as such operational responsibilities for the Garage are <br /> undertaken by the Association, shall have the right to suspend such Person's rights to use the <br /> Exclusive Use Storage Space until all of such fees, plus any late fees, interest and costs of <br /> collection have been paid in full. No Association or any Owner shall interfere with the rights of the <br /> Declarant hereunder or of any Person to which Declarant transfers such rights. <br /> N. No Alteration, Modification or Extinguishment: Any rights licensed or <br /> otherwise assigned by Declarant under this Section 2.4 cannot be altered, modified or extinguished <br /> without the express written consent of the Declarant, as long as Declarant has the rights <br /> established under this Section 2.4, and the Owner or other Person to who those Parking License <br /> or Storage License rights have been so licensed or otherwise assigned. <br /> 2.5. Commercial Unit A — Automated Teller Machines: The Owner or Occupant of <br /> Commercial Unit A, as long as such Commercial Unit A is being used as a financial institution, <br /> particularly as a credit union, bank or savings and loan, in addition to any drive-through ATM <br /> installed in the Garage pursuant to Section 2.4.B, shall have the exclusive right to use the area <br /> designated on the Condominium Plan as "ATM Exclusive Use Area" for the installation and <br /> operation of automated teller machines and appurtenant equipment as Exclusive Use Common <br /> 15 <br /> [DRAFT][05.03.14] C:\Program Files\Neevia.Com\Document Converter\temp\4056.doc <br />