8F Consent 2011 0502 - Laserfiche WebLink

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Section 9.13 of this Declaration by filing an action for judicial foreclosure or by recording a notice of default in the form described in section 2924c(b)(1) of the California Civil Code to commence a nonjudicial foreclosure. Any nonjudicial foreclosure shall be conducted in accordance with the requirements of sections 2924, 2924b, 2924c, 2924f, 2924g, and 2924h of the California Civil Code, as now in effect or as hereinafter amended or replaced, that are applicable to nonjudicial foreclosures of Mortgages or deeds of trust, provided that the Association may, in accordance with the provisions of section 2924a of the California Civil Code, if applicable, appoint its attorney, any officer or director, or any title insurance company authorized to do business in California to conduct the sale. The Association may bid onthe Condominium at the sale. and may hold. lease. mortgage, and convey the acqu r� ed.Condominium. If the default is cured before the sale. or before completing a'judieial foreclosure, including payment of all costs and expenses incurred by the Association. the Association shall record a notice of satisfaction and release of lien•ad,'n receipt.of a written request by the Owner, a notice of rescission rescinding the declaration of default and demand for sale. 9.15 Waiver of Homestead Protection: ach Owner, to the\ \ermitted by law. waives the protection of any declared ho o� homestead exe ton under the laws of California as applied to any m action to enforce he,assessments levied'by the Association. \�\ \� 9.16 Common Areas Interest. Following any\ ale orother transfer of ownership of a Condominium in cofffomtity with tl a rovision5 of'this Declaration, the Association shall. upon request of the new Owner, providedo such'Owner, an instrument. in recordable form evidencing such Owner undivided leasehold interest in the Common Areas. AR\ A�SURANCE 10.1 Liability Insurance. The�Association shall obtain and maintain comprehensik public liability insurance insuring the Association, the Board. , any manager, Declarant. and the ) Owners and occupants of Condominiums. and their respective family members, guests, invitees, agents and employeeagainst'any liability incident to the ownership or use of the Common Areas or anpo\ her Association -owned or maintained real or personal property, 10.2 Fire and Casualty and Demolition Insurance. (a) The Association shall obtain and maintain a master or blanket policy of fire and casualty insurance and coverage for the full replacement insurable value of all of the improvements within the Project that covers one hundred percent (l00 %) of the current replacement cost of such improvements.