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9E Consent
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9E Consent
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4/1/2022 12:14:39 PM
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4/1/2022 12:13:31 PM
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Reso 2022-047 Approve Parcel Map 11257 for 3081 and 3089 Teagarden Street
(Approved by)
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\City Clerk\City Council\Resolutions\2022
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DSCC-57520\2494968.2 25 September 17, 2021 <br />9.5 Breaches. No breach of any provision of this Declaration shall invalidate the lien of any <br />Mortgage made in good faith or for value; but all of the covenants, conditions and restrictions shall be <br />binding on any Owner whose title is derived through foreclosure sale, trustee sale or otherwise. <br />9.6 Special Voting Requirements. Any action taken by the Association, the Members or the <br />Association are subject to the special voting requirements set forth in this Section 9.6. <br />9.6.1 First Mortgagee Approval Rights. Except as provided otherwise by statute, in case <br />of condemnation or substantial loss to the Units and/or Common Area of the Development, unless at least <br />two-thirds of the first Mortgagees (based on one vote for each first Mortgage owned) and Owners (other <br />than the Declarant) of the individual Condominiums have given their prior written approval, the Association <br />may not: <br />(i) by act or omission seek to abandon or terminate the Condominium Development; <br />(ii) change the pro rata interest or obligations of any Condominium in order to levy <br />assessments or charges, allocate distribution of hazard insurance proceeds or condemnation awards, or <br />determine the pro rata share of ownership of each Condominium and the Common Area; <br />(iii) partition or subdivide any Condominium; <br />(iv) seek to abandon, partition, subdivide, encumber, sell or transfer the Common Area <br />by act or omission. The granting of easements for public utilities or other public purposes consistent with <br />the intended use of the Common Area by the Condominium Development or as authorized under <br />Section 2.6 is not a transfer within the meaning of this clause. In the case of a Condominium Development <br />subject to additions or expansions in which sections or phases are established by the Governing <br />Documents, this requirement will be deemed waived to the extent necessary to allow the phasing or <br />additions in accordance with the Governing Documents; or <br />(v) use hazard insurance proceeds for losses to any Condominium property (whether <br />Units or Common Area) for other than the repair, replacement or reconstruction of the Condominium <br />property. <br />9.6.2 Material Adverse Amendments. The approval of Mortgagees who represent at <br />least fifty-one percent (51%) of the votes of Condominiums that are subject to Mortgages must be obtained <br />prior to: (i) the adoption of any amendment of a material adverse nature to Mortgagees; or (ii) any action <br />to terminate the legal status of the Development after substantial destruction or condemnation or for other <br />reasons. Approval from a Mortgagee shall be assumed if a Mortgagee fails to submit a response to any <br />written proposal for an amendment or proposed action within sixty (60) days after the Mortgagee receives <br />proper notice of the proposal, provided the notice was delivered by certified or registered mail within a <br />“return receipt” requested. <br />9.7 Distribution of Insurance and Condemnation Proceeds. No Owner, or any other party, shall <br />have priority over any right of any first Mortgagees pursuant to their Mortgages in case of payment to the <br />Condominium Owners of insurance proceeds or a condemnation award for losses to or taking of <br />Condominium Units or Common Area. Any provision to the contrary in this Declaration or in the Bylaws or <br />other documents relating to the Development is to such extent void. <br />9.8 Mortgagee Notice. <br />Any Mortgage holder or guarantor shall have the right to timely written notice of any of the following: <br />(i) any condemnation or casualty loss that affects either a material portion of the <br />Development or the Condominium securing the Mortgage;
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