Condominium Property. 71 Section 5.27 Lender's Expenses............................................................................. 73 Section 5.28 Distributions................................................................................. 74 Section 5.29 Completion of Required Capital Improvements................................................... 73 Section 5.30 Cancellation of Indebtedness; Settlement of Claims............................................ 74
Condominium Property. The land ("Land") situated in District No. One (1) of Loudon County, Tennessee and being known and designated as all of the Tellico Senior Living Neighborhood at Tellico Village Condominiums and all common elements of the project, as shown on the Plat of said Condominiums of record in Plat Cabinet C, Page 85 in the Register's Office of Loudon County, Tennessee, a Horizontal Property Regime described in Master Deed of record in Deed Book 282, Page 433 et seq.; in Amended Master Deed recorded in Deed Book 284, Page 528 et seq., in the Register's Office for Loudon County, Tennessee; and as further amended by that certain Partial Termination of and Amendment to Amended Master Deed and Declaration of Condominium Regime for Tellico Senior Living Neighborhood at Tellico Village dated October 28, 2013 of record in the Register's Office for Loudon County , Tennessee in Deed Book 366, page 661, ("Partial Termination") and the easement for ingress and egress across the roadways shown on the Plat, less and except Units 13, 14, 15, 16, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 90, 91, 92, 93, 94, 99, 100 (collectively the "Sold Units") and the undivided interest appurtenant to such Sold Units, in the common elements of the project as described in the Master Deed and Amended Master Deed. The easements, restrictive covenants, conditions and regulations imposed upon and relating to the property units, co-owners, and tenants of the aforesaid condominiums contained in the Master Deed of record in Deed Book 282, Page 433 et seq.; in the Amended Master Deed recorded in Deed Book 284, Page 528 et seq., and the Partial Termination are incorporated herein by reference and made a part hereof, the same as though copied herein. The Land is more particularly described as follows: BEGINNING AT A SET IRON PIN LOCATED N22°35'15"W 162.26' FROM THE INTERSECTION OF CHATUGA DR. AND LINDEN LN. THENCE; S12°20'07"E A DISTANCE OF 273.52' TO A CHISELED X IN THE SIDEWALK. THENCE; S74°56'12"W A DISTANCE OF 118.00' TO AN IRON PIN SET. THENCE; N67°40'18"W A DISTANCE OF 26.20' TO AN IRON PIN SET. THENCE; N08°55'38"W A DISTANCE OF 95.00' TO AN IRON PIN SET. THENCE; WITH A CURVE TO THE RIGHT WITH A RADIUS OF 539.99', A LENGTH OF 45.26', A COURSE OF S87°21'32"W, AND A CHORD OF 45.24' TO A POINT. THENCE; S89°45'35"W A DISTANCE OF 159.05' TO AN IRON PIN SET. THENCE; S00°01'57"W A DISTANCE OF 101.33' TO AN IRON PIN SET. THENCE; S58°09'17"W A DISTANCE OF 50.89' TO AN IRON PIN SET. THENCE; S00°06'03"W A DISTA...
Condominium Property. Subject to the terms and provisions of this Declaration, the By-Laws, the rules, regulations, fees, liens and charges from time to time established by the Board, and the provisions of any easement granting the Association an easement for any recreational facilities or amenities on the Condominium Property, each Owner and his family and guests shall have the non-exclusive right, privilege and easement of access to and the use and enjoyment of any recreational facilities and amenities which are now or hereafter located on the Condominium Property and to which an easement for the use and enjoyment thereof is subsequently granted by the owner thereof to the Association. An Owner may assign his rights of access and use to his tenant so that such tenant, his family and guests shall be entitled to access, use and enjoy the same; provided, that, unless otherwise provided in the easement to the Association, an Owner and his tenant may not access, use and enjoy said rights simultaneously.
Condominium Property. Developer hereby reserves the right to declare and establish a permanent non-exclusive easement for the right to access, utilize and maintain a mailbox in the mailbox facility located near the main entrance of the Development on the JPE Property in favor of the Condominium Property, and each person who may subsequently own and/or occupy a unit in the same; provided, that in the event such an easement is declared and established by Developer, said easement shall be subject to the assignment of a mailbox and such rules, fees and regulations as may be promulgated or assessed from time to time. Once declared, said easement shall run with the land for the benefit to the Condominium Property and the owners thereof and as a burden to the JPE Property.
Condominium Property. In April, 2004, a mold investigation was performed on the property by AirQuest Environmental Inc., which found widespread mold growth throughout the building caused by several sources of moisture intrusion into the building including water from asbestos abatement activities, inadequate or malfunctioning climate control and roof leaks. It is expected that the extensive renovations performed to convert the property to a condominium will resolve or repair the sources of moisture intrusion and that the Condominium Property will no longer have widespread mold growth throughout the building. Buyer is hereby advised that certain molds, mildew, spores, fungi and/or other toxins may be, or if allowed to remain for a sufficient period may become, toxic and potentially pose a health risk. By executing and delivering this Agreement and closing, Buyer shall be deemed to have assumed the risks associated with molds, mildew, spores, fungi and/or other toxins and to have released and indemnified Seller and Seller’s affiliates from and against any and all liability or claims resulting from same, including, without limitation, any liability for incidental or consequential damages (which may result from, without limitation, the inability to possess the Unit, inconvenience, moving costs, hotel costs, storage costs, loss of time, lost wages, lost opportunities and/or personal injury and death to or suffered by the Unit Owner, pets, its family members and/or its or their guests, tenants, invitees or any other person). Without limiting the generality of the foregoing, leaks, leaving exterior doors or windows open, wet flooring and moisture will contribute to the growth of mold, mildew, spores, fungi or other toxins. Buyer understands and agrees that Seller is not responsible for, and Seller hereby disclaims any responsibility for, any illness or allergic reactions, personal injury or death which may be experienced by Buyer, pets, its family members and/or its or their guests, tenants and invitees as a result of mold, mildew, spores, fungi or other toxins. It is solely the Buyer’s responsibility to keep the Unit clean, dry, well-ventilated and free of contamination. The thermostats in each Unit are an integral part of the Life Safety Systems and are intended to assist in monitoring the accumulation of moisture in the Units to prevent same from reaching levels which may accelerate the development of molds, spores or other natural growths which if allowed to accumulate may become t...
Condominium Property. The land, all improvements on the land, and personal property subjected to the condominium form of ownership under the Declaration of Condominium.
Condominium Property. 59 5.1.26 Condominium Document Changes................................59 Section 5.2 Negative Covenants.........................................60 5.2.1
Condominium Property. The Association agrees not to mortgage, encumber, or alter the use of the Ridgewood Sewer System or any of the land subject to the rights and easements set forth in the Easement (the “Easement Area”) after the date hereof without the prior consent of the Town, and to maintain the Ridgewood Sewer System and the Easement Area consistent with the manner in which it has operated and maintained the Easement Area and the Ridgewood Sewer System prior to this Agreement. The Association represents and warrants that it has provided the Town with all relevant information in its possession or in its agents’ possession regarding the condition of the Ridgewood Sewer System and agrees to immediately disclose to the Town any changes in such information. The Association shall also immediately disclose to the Town any damage occurring to the Ridgewood Sewer System, and any other material adverse change relevant to the Ridgewood Sewer System. The parties acknowledge and agree that this Agreement, and the Conditions set forth herein, were developed based upon the knowledge and information available to the parties on the date hereof, and notwithstanding anything contained in this Agreement, upon any change to the Ridgewood Sewer System or the Easement Area, including without limitation damage to or deficiencies in the Ridgewood Sewer System prior to final acceptance by the Town, the Town shall have the right to require that the Association resolve such matters to the Town’s satisfaction, within a reasonable period of time given the nature of the work, prior to the Town’s acceptance of the Ridgewood Sewer System, or the Town may take such other reasonable action as may be appropriate. Notwithstanding anything else in this Agreement, the Town shall not be obligated to accept the Ridgewood Sewer System until such time as the Town is satisfied that it meets the Town’s standards. The Town shall have the right to enter, inspect and survey the Condominium Property at any time prior to the acceptance of the Ridgewood Sewer System to ensure its compliance with the Town’s standards so long as the Town does not unreasonably interfere with the quiet enjoyment of residents of the Condominium Property.
Condominium Property. 56 SECTION 5.27 Lender's Expenses...................................................... 57 SECTION 5.28 Distributions.......................................................... 57 SECTION 5.29 Cancellation of Indebtedness; Settlement of Claims..................... 58 SECTION 5.30 Modification of Mortgage Documents..................................... 58 SECTION 5.31
Condominium Property
