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HomeMy WebLinkAboutRC 8307200971 O ' . O , � � � ;A + ,r , � � � �ss��3 ' � ��� W , INITIAI: �- ` �'� ;y �� :J ;� �� '+ ": �> REVISED: � � � � ' ,c= :; `� ;� � �; �� ,.� � '1 E 4. = " ' ' C:1 � \7 . _ _ ` �_�i�• .til_{ i�f���f' � '` � � �� F'IFST AMENDr1ENT TU CONDOMINIUM DECLARi�-�i!i'TON � �. '.��_ o � �C '� =� OF �:�-�- �--- .:.,- r. ;��„i►�Yl � `C '.�� m � SUNPOINTE, A CONDOMZNIUM -..� € � � o a a � CF/CHG ASSOCIATES, a Washington Joint Venture Partnership, referred to in this First Amendment to Condominium Declaration as "Sponsor" , has previously executed and filed a Condominium Decla- rati n for Sunpointe, A Condominium, under King County Recording � No. Q�lL4_Og],�Q� (herein referred to as the "Declaration" ) � and, on the same date, recorded a Survey Map a d Plan in Volume � � �� of Condominiums , at Pages 'S through �_, under King � County Recording No. �Q_ . These documents sub- � mitted Phase 1 , as described in those documents, to the Horizon- � tal Property Regimes Act (RC4a 64 . 32 , et s�. ) . M — � � This First Amendment to the Declaration is filed pursuant to Paragraphs 26-28 of the Declaration , allowing amendment of the Declaration to meet financing requirements. NOW, THEREF'ORE, Sponsor does hereby make this First Amend- ment to the Declara�tion previously recorded as set forth above. l. Paragraph 11 (Restrictions on Use of Prop�rty) is amend- ed by adding the following Ianguage betcveen the two existing par- �_� agraphs thereof: � With the exception of a lender in possession of a , condominium unit following a default in a first mort- r� gage, a foreclosur.e proceeding or any deed or other �._ arrangement in lieu of foreclosure, apartment owners '�`�- are prohibited from leasing their units for less than �� Thirty (30) days. All leases shall be in writing and ��y the lessee shall be subject to all of the provisions of this Ueclaration, the Articles of Incorporation, By- Laws , and Rules and Regulations. Any failure by lessee to comply with the terms of such documents shall be a default under the lease. �r►y such lease, including the use of the limited common area parking stall , shall provide that it terminates upon sale of the apartment by the lessor, or upon foreclosure of an apartment by the holder of a mortgage constituting a first lien on such apartment. No unit owner shall be permitted to lease his unit for transient or hotel purposes. No unit owner may lease less than an entire unit. 2 . Paragraph 15 (Damage or Destruction) is amended by changing Subparagraph (a) thereof to read as follows: (a) In the event �f damage or destruction to all or part of the Property, the Association sh�ll act as representative of the own�rs and mortgagees in any ��\i�ij'.'lr � ''` r ��} �;,` i! ' ' . ,.. �� ,lu� 10 3 �� ���� !�. � c .�T,�r.- �,,.�, ;►��„ . ;.. _ ._. , � \� ' . , . � l 7 ' �� a proceedings, negotiations or settlements. Each owner appoints the Association as its attorney in fact for this purpose. The insurance proceeds shall be paid to the Association for the benefit of the owners and mort- gagees , and shall be used and distributed as set forth below. If sufficient, the proceeds shall be applied to repair, reconstruct or rek�uild the Property in accor- dance with the original plans. Such repair, recon- structior� or rebuilding shall be arranged for promptly by the Board of Directors. 3. Paragraph 20 (Condemnation) is amended by adding the following language at the beginning of said paragraph: If the property is partially or completely con- demned, the Association shall act as the re resentative � P of the owners and mortgagees in any proceedings, nego- � tiations or settlements. Each owner appoints the Asso- i� ciation as its attorney-in-fact for this purpose. Any � roceeds shall be aid to the Association for the bene- I p P P � fit of the owners and the mortgagees and shall be used t\i and distributed as set forth below. � � EXCEPT AS EXPRESSLY AMENDED BY THIS INSTRUMENT, the Decla- C10 ration, as previously amended, shall remain in full force and effect and is hereby ratified and confirmed. IN �JITNESS WHEREOF, the undersigned have caused this First 983dment to be executed this ` '��� day of �� , CF'/CHG ASSOCIATES, ' a Washington Joint Venture Partnership, composed of CHG INTERNATIONAL, INC. , � a �9ashington corporation, and CADILLAC FAIRVIEW/WASHINGTON, INC. , a Washington corporation BY: CHG INTERNATIONAL, INC. , a Washington corporation //`��.,,�'�.��, A"�+---" By�'---�-�._ _ _ - P s nt -2- � , . � � . . , � ; � . STATE OF WASHINGTON ) � SS. COUNTY OF KING ) On this ;��'}-� day of �1x1�_ , 1983, �I before me personally appeared ' 1 � i: L o� � ., ( i to me known to be the President of the corporation that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said cor- poration and the joint venture partnership, and that said corpo- ration, as Managing Partner of CF/CHG ASSOCIATES, a Washington Joint Venture Partnership, executes this instrument on behalf of said Joint Venture Partnership for the uses and purposes therein � mentioned, and on oath stated that he was authorized to execute � said instrument and that the seal affixed is the corporate seal � of said corporation. C� IN WITNESS WHEREOF, I have hereunto set my hand and affixed i� , ._ ,,,. O my official seal the day and year first above written. ,,� •''� � ' � t0 �'�, r.�.��,,;. .. /` �� • y�' 1, j t,'�' ; , N TARY P LIC in: �n for the � �, � Sta of Vashing�on, • �2'eszfli�g� at t� .n , , , ` , . - � ,. � t � , . -3-