ROSEMOUNT PLAZA CONDOMINIUM
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A. Division of Property.........................................................................
1. Condominium Units.....................................................................
2. Common Elements......................................................................
B. Allocation of Interests, Votes and Liability.........................................
C. Limited Common Elements..............................................................
D. Description of Units........................................................................
E. General Agreements........................................................................
1. Common Elements Indivisible......................................................
2. Residential Use Only...................................................................
3. No Children...............................................................................
4. Sales and Management Offices and Model Units............................
5. Easements for Encroachments.....................................................
6. Administration...........................................................................
7. Period of Declarant Control.........................................................
8. Compliance with Rules...............................................................
9. Subdivision or Conversion of Units by Declarant...........................
10. No Waiver of Benefits.................................................................
11. Assignment of Storage Lockers...................................................
F. Termination....................................................................................
G. Right of Association to Hold Unit.....................................................
H. Commencement of Assessments.......................................................
I. Delinquent Assessments...................................................................
J. Liability of Mortgagees for Assessments............................................
K. Rental of Units...............................................................................
L. Required Insurance.........................................................................
M. Insurace Premiums........................................................................
N. Eminent Domain.............................................................................
O. Rights for the Protection of First Mortgagees....................................
1. Certain Amendments: FHLMC Clause.........................................
2. Certain Amendments: FNMA Clause...........................................
3.. Termination Not in Consequence of Destruction or Condemnation..
4. Declarant's Joinder....................................................................
5. Right to Statement.....................................................................
6. Notice of Action.......................................................................
7. Restoration in Accordance Original Plans.....................................
8. Required Reserve Account.........................................................
9. No Priority Over Mortgagees......................................................
10. No Right of First Refusal...........................................................
P. Declarant Subject to Declaration.......................................................
Q. Definitions of Terms.......................................................................
R. Not Subject to Ordinances...............................................................
S. A,emdmemts..................................................................................
T. Supplemental to Law.......................................................................
Exhibit A Legal Description
Exhibit B. Schedule of Allocation Common Element
Interests and Common Expense Liabilities
Exhibit C. By-Laws for Rosemount Plaza Condominium
Association, Inc.