No Priority. No provision of this Declaration or the By-Laws gives or shall be construed as giving any Owner or other party priority over any rights of the first Mortgagee of any Lot in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area.
Appears in 2 contracts
Sources: Declaration of Covenants, Conditions, and Restrictions, Declaration of Covenants, Conditions, and Restrictions
No Priority. No provision of this Declaration or the By-Laws gives or shall be construed as giving any Owner or other party priority over any rights of the first Mortgagee of any Lot Unit in the case of distribution to such Owner of insurance proceeds or condemnation awards award for losses to or a taking of the Common Area.
Appears in 1 contract
Sources: Declaration of Covenants, Conditions and Restrictions
No Priority. No provision of this Declaration or the By-Laws Bylaws gives or shall be construed as giving any Owner or other party priority over any rights of the first First Mortgagee of any Lot Unit in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area.
Appears in 1 contract
Sources: Declaration of Covenants, Conditions, and Restrictions
No Priority. No provision of this Declaration or the By-Laws gives or shall be construed as giving any Owner or other party priority over any rights of the first Mortgagee of any Lot Unit in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area.
Appears in 1 contract
Sources: Declaration of Covenants, Conditions, and Restrictions
No Priority. No provision of this Declaration Declaration, the Articles of Incorporation or the By-Laws Bylaws gives or shall be construed as giving any Owner Owner, Member or other party priority over any rights of the first Mortgagee of any Lot in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area.
Appears in 1 contract
Sources: Third Amendment to Declaration of Covenants, Conditions, Easements and Restrictions
No Priority. No provision of this Declaration or the By-Laws Bylaws gives or shall be construed as giving any Owner or other party priority over any rights of the first Mortgagee of any Lot Unit in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area.
Appears in 1 contract
Sources: Declaration of Covenants, Conditions and Restrictions