8F Consent 2011 0502 - Laserfiche WebLink

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"Current Dollars" means any dollar amount stated herein multiplied by the quotient obtained by dividing (1) the level of the "National Consumer Price Index for All Urban Consumers, All Items" (1982 -84 =100) (commonly known as the "CPI -U ") prepared and published by the United States Department of Labor. Bureau of Labor Statistics, as of the date of computation by (ii), the level of the CPI -U as of the date of recordation of this Declaration; provided, however, that should the CPI -U cease to be published, the above - described computation shall be made using such other successor or reasonably comparable index as shall be determined by (A) Declarant during the Declarant Control Period. "Declarant" means SANTIAGO GUITRON and DELIAGUITRON , as individuals, and their successors and assigns, if such successors and assigns are duly assigned the rights of Declarant pursuant to Section 19.2 of this Declaration. "Declarant Control Period" means the period of time extending from the recordation of this Declaration to the earliest of (i) that date upon more'than seventy -five percent (75 %) of the Condominiums which may be included in the Project been conveyed to owners other than Declarant; (ii) the date two (2) f r years after the , Condominium has been conveyed to an owner other than Declarran`; or (iii) the date upon whSch Declarant notifies the owners that Declarant relinquishests.xights under this Declaration and the Bylaws to appoint and remove a majority of the'mem o berrs f'the Board of D or to exercise powers and responsibilities otherwise assigned ( by the Condominium1nstruments to the Association. the Board of DireZtors.or any offices of the Association. "Declaration" means this Declarati �mof Covenants, Conditions, and Restrictions and includes, as the cont requires, its or supplements. "Domestic Partner�tneaan_s a•person who (i is a member f a dom partnership registered with the State of California, "6xcIusrve.Use Common Areas" means those portions of the Common Are � which are for the exclusive use of the owners of particular Units in accordance the California Civil Coe, section 1351(1), as described in A rticle 3- of-this Declaration. "Identifying- Number" means one o�etters�or numbers included in the C ndominium Plan,that identify' my on Co in the Project. "Land means the reakproperty,exclusive of any improvements thereon, as described in Exhibrt.A "to this Declaration "Memberea s every person or en ity holding a membership in the Association. "Mortgage' mans a mortgage or deed of trust encumbering a Condominium or other portion of the Project. A "First Mortgage" means a Mortgage having priority of security over all other Mortgages encumbering the same Condominium. "Mortgagee" includes,the beneficiary under a deed of trust. An "Institutional Mortgagee" means a Mortgagee that is (i) a bank or savings and loan association or mortgage company, or other entity chartered or licensed under federal or state laws whose principal business is lending money on the security of real property or investing in such loans; (ii) any insurance company; (iii) any private or governmental agency or instrumentality, including without limitation, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, engaged in secondary market transactions with respect to real estate loans; and (iv) Declarant. A "First Mortgage," "First Mortgagee," or "First Institutional Mortgagee" means the beneficiary of a First Mortgage.