, ";IV..JULU ;...... '''' -..... iJ 111 ~ ~,
CONOOPlIl'IIU!1 DECLARATION
GOLDeN RI DGE. CONOOH IN! UHS
WDeX
Title Section No. Page No. Submis.;on to Condominium CMnersh!p, ...... 1 ...... C1!!finitions •••••• ~~.~ •• ~. ~" •• _ ~ ~ •• ,,~ ••• ~~ ••• ~. ~.# .2. ~ ..... 6.,."" Divi.ion of Property in the Condominium
Units and Conveyance of Unit6 ••••.•••...••....• 3 .••.• $ •••• ~. 3
Limited Common Element5 ••••• ~.6 ••• " •••••••• 4" •••••• 4."' ...... 4;
Description of Condcninium Unit •• W ...... H •••• ~.H.S ...... "'.H ... '" Condom!n!= ~ap ...... 6 ...... 5 lnsepl'lt'Jibility of a Condominium Unit. •••• " ...... 7 •• ~ ...... " 5 Repsrate Assersment and Taxation - Noticb' to A5sesBor ...... 6 •••••••••••• 6 Porm of O\tnership - Title ...... ~ ... ~ •••••••• ~ ••••••. 9 ...... ~.~ •• ~ 6 Non-Pr.rtitionability Bnd Transfer
of. ~mrncn element.~~ ...... ~ ... ., •• e ...... * ••••• ~10 .. .,~~~ .... ~ .. " .... 6
Common Ele1lent.5 ...... ~ ...... ~ ...... ,,~ .. 11 ...... ~ .. 6
Use and Occupancy ...... $ ...... 12 ..... , " ...... 6 Ea8ements ...... 1) .• ~ ...... , .. ~ .. 7 Termination of Mechanlc l g Lien Rights and Indemnification •••••••••••••....•.. 14 .••••••••••• S C-olden Ridge CondGnliiniurt Association, IfiC ••••• q .. j5 •• ~ ...... "' ... 8 Re8ervation for Access - Maintenance,
Repair Bnd Emergenciea~"'""'~~~,.~"' ... 4~.~ •• ~ ••••• 16.~.~ •• ,, •• ~ •• 9- M.aintenance and Service Regpongibility •••.•...... 17 •• ~ ...... ~ •. ~ 9 Compliance with Provisions of Dec18t'lition, By-Ll'lWB of the JI •• ociation ...... IS •••••••••••• 11
Revocation or Amendment to Declaration.~ ...... 19 ...... H •• l1 A~ditionnf Alt~ration8 and Improvement~ - Genet'al and Limited Common f':lementB ...... :!O •••• ~ •••• H.12
1\l3fH~B8ment for Common £xpenees ••••.••• H ••••••••• :!1 ...... 12 Insurance ••.••••..•• "" ••• " ...... :!2 ...... ,," 14 Own~r'B P~rflDn~l Oblig~tion
tor Payment of AB8e5Bmentfl, ...... o •••••••• ~;!3~. '~~~~4~ ... "f6
A58e5sment LiEn •••.•• ~.~ •• ~ ~. R •••• ~~~. ~~ ••••••• ~.~:4 .. ~. ~ ... ~ ~. ~~ 16 Li~bility for Common Lxpenses upon TI:"l'in.Jfer of Condominium ia Joint.~ .... ~ .•••••. ~25.".~.*.~.-.~.17
Encumbrances - Priority ..••••• R •••••••••••••••••• 26 ...... o~18 Destruction, Damage ot" Obsolescence - Association as Atturney-in-Fact~~ ...... ,.27.~ .. _.~ •• " .... ~le Cond emna t ion •.•••. ~ •..•.• ~ • ~ •.•• ~ ~ • ~ ~ •••••..• ~ • ~ . 28 .. ~ • ~ ~ ~ .. ~ " ~ ., 2.1
.R~ 0 r 9 eo. n 1. Z /'j t ion •••• ~ .... ~ •• ~ ~ ••.• 8 •• ~ • ~ •••••••• ~ ••• 29. ~ ~ • ~ ~ • ~ • '" ., ~ 22 Reconlltruction and Repair ... ~ ••••• ~ ...... ~ •• 30~ ...... ~~,,~~ .. ~22 R~gi~tLBtion and !4!:Uinq Mdre\55.H .... ~ ...... 3L~~.~~~~ .. ~.22 Pf!l:riod of Condominium OwnerNhip.o ••••.... ,., ••••• 32 •.. ~ .... " •••• Z3 ADsessment R~'H!rVe& and Work C-npital Account·~~#.·q~?g •• ~ •.•• ~.~.~.< ...... J3."~~.,,~,,~,, .. "'2J R@liltrictive Covenllmttl BOO Obliq8tion~~.~., ...... • J,L"'~ •• ~",.~~~~2J: AS80cia.tiof' Rl.ght to Acquire Mdltion611 Propllllrty ••• ~ ...... , •••• ~~.~ •..••• " •• J:S~~.c •• ~~"'~~ .. 2S RPJcroationml Arn@ntti(l!m •••.• ~ •• ~~ ••••••••••••••• ,.)6.~,,"".~<>~,,~ ... 2b Condition of Pr~mt~~B ...... _ ..... "'C" ••••••••• J7~ •• , ••.. ~.6~2&
Ge!n~r;;,l Fi!1l'!1lSrv{jtionf;""., •••• ,., •••• " ••.•• , •...• oJS~ •••••• $~ .... 26 "'-, : " .. '~-.~>I ,,'-' ~"'''-''-'~-J'- d, Buppl~nHrnt Condowirdt.mt Project. •••••....••.•.. 39 •• M.~~ .. "H.26 }\cct!?tnnc~ ot Prov iR iong of All D0c'.1mt'nt$ •.•••.•••••••• ~ •••.• ~ ••••. n.'.~~.40 •• ~.~ •• ~.~,,~27
GI" tl e 1:: .a 1 ••••••• , • , ••••• " •••••••• ~ ~ • ~ • ~ •• " , • " ••••• 0 .4 1 ••• ~ • " 0 , ••• ~ 2 e
Exhibit h ...... 29 !'::;:;'l~~t 0, ••••. ,. P. ~ •• ~ ••• ~ •• ~ ~. ~ ••••• "'." ••••••• ~ •• ~ ••• ~. N' ~ ~ ~ 32 ?",'{ h ib! ':. '2 •••••• , ••••••••• ~ • ~ , • ~ ~ ...... ~ ••••. ¥ ~ • h ~ •••• ~ '" ~ •• ~ ~ •• ~ • ¢ J 7 E:X:hibit D •••• '. " ~ • c •• ~ • ~ • ~ •••• ~ ~ ..... ~ ~ ••• ~ •• ~ ~ ••• ~ ~ ¢ p ~ • ~ • ., ~ ~ ~. ~ 41 79f030Z0
CONDOMINIUM DeCLARATION
O~
GOLDEN RIDGE CONDOMINIUMS
KN~ ALL MeN BY THESE PRESENTS:
THAT WREREAS, Golden Group, a California General Partnership (hereinafter called -Declaranttl!) is the owner of that certain parcel of real property situated in the County of J~fferson, State of Colorado, being mOle particularly described on Exhibit" attached hereto an1 incorporated by reference herein~
WHEReAS, thp.r-e presently exists on said real property a one hundred ninety-two (192) unit rental apartment co~plex, which improvements arE commonly known as Golden Ridge Apartments; which land and improvements lire hereinafter called -Real Property· 1 and
WHEREI\S, Declarant desires to convert sa id apartment complex into 8 condominium and to establish a condominium project under the Condominium Ownership Act of the State of Colorado1 and
WHEREAS; Declarant deuires to establish a plan for the ownership in fee simple of real property estates; Bubject to the e8sements, restrictions, reservations, conditions, taxes and 8ssessments as set forth in this Declaration, conBisting of the at''!'' or space contained in each of the air space units in the building improvements and the co-ownership by the individual and separat«:! owners thereof, as tenants in common, all of which re m~ining property, is hereinll"':ter defined and ref~rred to as the ~common element5.~
NOW, THEREFORE, Decl.~'Jrant doee hereby publish and declare that the following terms, covenantsI' conditions, easem~nts, rl'!B tr ictions I useS, rpservat ions, 1 imi tl'J I: ions and obI igli tiona shall be del!!med to run with the land, shl'l11 be a burden Dnd l!. benefit to Declarant, its successorp and assigns, and any person acquiring or owning lin interest in the Real Property, their grantees, Buccessors, helr.s, executors, adminir:trators, deviaees or assigns..
1. Submission to Condominium Ownership. Declarant, does hereby SUbmit the Real Property described above and the improve ments constructed thereon to condomintum ownership pursuant to the Condominium Ownership Act of the Stat·. of Color-lido.
2. D~finition •• Unless the context shall expressly prof/'ide otherwiser
(a.) "'Unit"' means an individual air space unit co.nts·tned within the p-erimeter walls, floot'l5, ceilings, windowa anC! doo:t"_tlJ",oI lfi' unit, ot' other boundary linl"!8 shown on the condominiurr. map',. in, 81' building IHtuBted on the ReBl Pt"oP"!rty, and ,,8 e;hown lind dMcl"'tbed on l'l Condominium Map recorded in th& r~~ll prope'r-ty reco·t"\1'.r'-' dt J~ff.rson County, Colorado, togcth~r with (i) nIl fixturew ~Md improvelment51 thor-dn except fot" common phynicnl utility (l\;ci1l.tio::~~ (11) the inner decorated or: tlni~hed nur(Bces of such unit'fI p~rimeter wallE, floors and reilinglq and (11i) the intet"ior non &upporting '.d!!dls within the unit. The lerm 60elll not include, ho .... ever, the- un<.1ecorllted or unfinished f:lUr(lJC~R of th~ perim~ter wnlls, floon; or ceilingll of 11 unit, any utility fdcilities running .--~ 19103020 ~ I $, I
throuqh the unit that serve more than on~ unit, or any other common eleme~t or part thereof locat~d within the unit. \
(b) IIICondominium Unit· Meana the fee simple interest .n~ title in and to • Unit, together "lth the undivided interest in the common elements appurtenant to such Unit, and all other rights and burdens created by this Declaration.
(c) IiIOwner- mEans a per.on, pE'rsons, firm, corporation, partnership, association or other, legal entity, or any crmbination thereof, which own'.' an intere.t in one or more Condominium un i ts, but excl ud ing, ho\tever r any such pe r&on hav i n9 an in teres t therein merely lUI a Mortgagee (unless such Mortgagee has acquired fee simple title "0 a Condominiuna Unit pursuant to foreclosure or any proceeding. in lieu thereof).
(dl ·Common elements· means and includes all of the Real Property and all the improvements now or hereinafter con s true ted thereon I exc 1 ud ing the Un i til. The common elemen ts ahall C'onsl.s:t o! th$ ;~:i~l:al common ttletflents and lim'ited common elements. "('he com1'llon elements shall be owned, liS tenants in COlU&On, by the Owner. of the separate Units, each Owner of a Unit havinq an undi v18ed interest in euch c()tft:lBon eleJl!lents a& is hereinafte:: p::::c·/i~.:::'~
(1) IIGeneral common elements" ",eans' llnd includes the Real Property d~8cribed on E~hibit A, the structural components of the buildings, including but not limited to the foundation_, girder., beam., supports, roc)fr t and bearing and .tructural walls1 the yards, gardenl, uncovert~d parking areas llnd storage spaces, chimneysl installations of cifntral .,,"icea Buch 8S power, light, 98S, hot And cold water, heatinq and air conditioningl the service roads, if anYI such improvements and portions of the buildinqa and areas therein as are provided for the community use, recreation, util i ty Bnd common use of all Owners 1 and all other parts of such rteal Property and the improvements thereon necessary or convenient to its existence, maintenanClf lJnd safety which are normally and ressonably in gen.eral common use, including the air above such land. The general common e-lements shall include all tangible physical properties of this project except limited common elements dnd the Units.
(2) "'Li.! ted common elements'" means those parta of thll C'01\'lmon elements wh ich arE' either 1 im i ted to and re&erv"!d tor the' Exclusive use of sn Owner ot 4 Cond0tTlinium Unit or Ilre limited to and reserved for the cornuon use of more than one but fe'Wer than &11 of the CondominiUltl Unit OwnerlL The limited COr1On ele IIIent5 shall include, by W5Y of illustration and not liMitation,
certain air conditioning equip.ent l balconlt!81, storage &re's£'., parking .pac•• lind certain psrking .iJac~I,. ~hich are specifically de.ignated I. being appurtenlll1t to /11 particular Unit~ Ttl. terJfl -limited comMon element- Ghall &110 mean certmin other par~ing spaces and Ito!'&qe .pac@& §Clme 0" which mRy not be initially .ssigned by Declarant on the d,'lte of record&tion hereof, but BublUt quently sB&ign@d by Declar&nt and/or the AS50cistion to the OWner 0: one or Mor~ Condominium Units.
(e} ·Condominium Project" or ~Project" means all ot th~ R@~l Property submitted to condominium ownership by this Declaration Bnd ilubs
(!) "'D6cL"rstionll' 1'Ocll£.nti this document (Le., "Condoffd.niuM Oeclllt"atioo") and ame-ndm'lllntl and .upplflm~nt3 the~eto, if any ..
(q} .. Common expen&e~'" mE'anl£ and includes {il e,.pe-naes of and/or relating to the conUl¥.m eleMent., (i i) ex~n8e6 declared I
common expenses by the A$sociaticnl (ii!) all sum, l~~ful!y a68~ss~d s9sinat th~ common elem~nt8 by' the SOard of Mansqer£ of the Associa tion1 and (lv) expenses agreed upon liE common expenses by the A88ocintion of Unit OWner ••
(h) -MBoeiation of Unit OwnersG or lIIA.a:soci&tion lll means tho Association fomed &8 " Colondo not-foe-profit corporation bet'fring the name of Golden Ridge COndOftlinluffl Association, Inc., the Articles of Incorporation and Byla~s of vhich shall govern the administration of this CondO'llliniufI Project, and the members of whi-::h shall be all of the Owners of the Condominium Units.
(I) -Building- means a building containing Condominium Units •• shown on the Map.
(j) -Hap,· ·CondoliliniuM Hap· or: ·Supplemental Map· means and includes the engineering s.urvey of tt,~ land depicting and locating thereon all of the improvementsJ the floor and eleva tion plana .rd any other dr."ing or diagrammatic plan depicting A part of" or all of the ilT'provem~nt. I§nd land which arl!' included in this Condominium Project, all of which is lIlote fully descdbed in Sect!,.," 6 supra.
(x) -Mortgage~ as used herein shall mean any mortgage, deed of trust or other docu~ent pledging & Condo~inium Unit or interest tnerein ad security for the payment of !! debt or obligll!- tion.
( : 1 -Mortgagee lt nhall mean any person, corporation, partnership, trus!:, company, association or other legal entity which takes, r')wnB, holds or I:eceivea a m.ortgage 0[" deed of truBt_
(ttl) -Declarant- shall mean Golden Group, a California Cen~ral Ptrtnersr..ip" its successors and lHusign&.
(n) -Bylaws" shall mean th~ corporate byla .... s of G<.:lden Ridge CondoQinium Msociation, Inc., a ColoradO not-for profit- corpot".'lItion.
3~ Division of Property into Condominium Units and Conveyance of Units.
(.a) Division of ProoertYI ThE Real Propi'!rty described above, including-t'fie ire[ rovements thereon, is hereby divided into ant 'hundred ninety-I:\oIo (192) fee siMple estates (Le~, COndominiUM Un ttl). each such estate aha) 1 con&ist of 5 separately designated Unit and the undivided interest in and to the common elements appurtenant to such Unit aa set forth on Exhibit S, attached hereto snd incorporated by reference herein.
(bt Riqht to COfllbine o~' ~and Con-do.tofu" Unit.~ O@cll111:'ant he-r.~e-8e.:ves toe right toptlYstcal1y combInE' thlfl are. or .pac~ of on. Un it with the ares or space ot one or flore sdjoining units.. In regard to soy such combination Declarant £h&11 ha.vE the ri.ght t.., redeEignsc.~ sny portion of the common elelM!nt8 needed to physically accomplish such cofftbin&tion either as part of e:uch combined Unit ot" oms limited common II'dementsl providlfld, hO!¢€I'ver, th&t Dacl!u:llnt I.lh&11 not exercillE' said right %'i,t.not.l':: th~ wt'itt~n. con::l~~'n'..: C: !Ol:1j' ,-,jc:':::J:.pgee h~'!Jing ~n lnte::-c::: in fi~td Unite~ In the event of sny such phymical combining of Unit!l to cre'atc! 1I combinf'ld Unit, such combined Unit e:hl'.dl ailio include the COJllbining of the t. ixtuL""tJ'a). and improvem"::'ntf! and ot th6 undivided interel3ts in common clemental appurtenant to the Units so coabined. Declarant rell\tH'"ve~ th«! r-ight to 6~6ign&tE and C"?nvey to any purchaler of IIny Rueh: cOfI:bincd Unitt lUI additional limited common elements, 'ny walls, floors or other structural separations between the Units so combined, or any npace which would be occupied by such structural separations but for the combination of such Unita, provided, however, thIJt such walls, floors or other struc tural separations or such space shall automatically become general common eleD"ents if the combined Units become subject to separate ovnership in the futur-e. This reserved I:'ight in Declarant shall t~rminate upon the conveyance of all of the Condominium Units within the project to third party purchasers or on December 31, 1985, whichever event first occurs.
4. Limited Common Elements. Subject to the definition th~reot, the lImIted common elements shall be identified on the Map. Any balcony, porch or patio which is accessible from, associated with and which adjoin(s) a Unit shall without further reference thereto, be used in connection with such Unit to the exclusion of the use thereot by the other Owners of the common ele~ent5, except by invitation. Sikilarly, certain air conditioning equipment which is situated on the exterior walla or roof of a Building and which shall serve only one Unit, shall ~ 4 limited commQn element appur tenant to ,such Unit and shall be ll1aint.!!ined, repaired lif'1d op1erated solely by the Owner or Owners of such Unit.. Further, certain parking space(.) and stonge area(s) are hereby assigned by Declar ant on Exhibit C attached hereto aM incorpor-ated herein by ref~t' ence and will be appurtenant to the Unit purchased and sha.ll be for the exclusive use of the Owner of such Unit~ Declarant hereby reserves ~~e right, !!.ubsequ~nt to the datf! of the recording of this Declaration, to assign all parking space( 8} and storage Bpace{s) wi thin the Project to the Owner or OWners of Units within the Project aoo lIpon such assignraent, said parking space{s) or storage space(s) 8h~ll be limited common elements appurtenant to the Unit to which it haft be~n assigned.
Except as provided above, all of the Owners of Condominium Units In this Condominium Project shall hllve l'i non-exclusive right in comm(>n .... ith all of the other Owners to Use of sidewalks, recreational facilities, streets and drives located within the entire Condom.lnium Project. In addition to rights of use herein described and elsewhere described in this Declaration, the Associa tion, its Boa:rd of Mandqel:'"S and its Managing Agent shall have the unrestricted i~revocable e4sement to traverse, cross and utilize any portion of the common elements which fIlay be necessary in order to Naintain, repair or r~place general ~nd/or limited common element&~ ~o reference need be made of any such limited common ~lementl which are fJxclu,dv@ or non-exC'lusiv~, in any instrument of conveyance ot' other inctrume:"lt in :lccordance with Bection 5 of this Declaration, except as cpecl.ficBlly h~reinabove required.
5. Descrjption of CondominiuM Unit_
(a) . Every contract for the- sale of s CondominiUte Unit w-ritten prior to the recordstion of tfle Map and ·this Declaration may llftgslly describe- a Condominium Unit by its identifying Unit deciq nation, Bul1din-g No~, followed by th8" words "'Golden Ridge COn-:iomin ium,~$ The location of such Condomin1um Unit chall be depicted on a Map !Iubfjequ~l'ntly t'ecorde>d. Upon recurdation at the Condominium Map in the County of Jefferson, Colorado, such description shall be conclusively preeumcd to rel~te to the the~eon described Condominil~ On its.
(b) AftEr the Condominium Map Bnd this Declt.!t'Btion haver bt>@11 tl"cord@d l.IS n[ort'!'GElid, ~v~t"y cant::':1ct , cle~:j, 1.1,':'lI!H"!, mortgng@, d,UJd ot. tr:umt, will or other inJrtrumif'nt l'IH'!y legltlly desc'!."ibtIJ .!Ii Con dominium Unit aa tolloval
-.- Cond"",inium Unit No. , Building No. , Golden Ridge Condomi~, in accordance--;;rth the Declaration recorded on , 1979, under Reception Number , and Condominiu::m. Map recorded on , i 979 p under Reception Number t of tRe Jefferson County Records, tog-ether wIth the exclusive right to use the following limited common elements" Storage Space • in Building Parking space Every such description shall be good and sufficient tor all purposes to sell, convey, transfer, encumber, or otherwise affect not only the Unit, but also the undivided interest in the common elements appurtenant to said Unit and all other appurtenant properties l.4:ld property rights, anJ incorporate all of the rights, limitations and burdens incident to ownership of a CondominiUll Unit as described in this D-t!claration l!OO Ccndc:inilD'A Map.. E.3ch such description shall be construed to include ZI non-exclu8 ive easement for ingress and e9resI! to snd fr01'i an Owner'. Unit and the use of all the general common elem~nt8 8 !II y ... l1 "'" all of the 11::;i:~d common elements appurtenant to .aid Unit.
(c) The reference to the Hap and Declaration in any instrument ahall be deemed to include any supplements or amend mentn to the Map or Declaration, without specific reference(s} tht~reto ..
6. Condominium lIa!]: The Map may be file~ for record in parts or sections.. The niti.al M..ap shall be labeled lU "Phase lilt and each 6uppl~ment thereto shall be labeled by Phase consecutively end shall be recol:::-ded prior to t~e conveyance of any of the Condo mL1ium Units shown thereon.. The initial Map lind the supplements ther-eto in the aggregate shlill depict and show at least the fol lowing t the legal description of the land and a survey there ef1 the location of the Buildings in reference to the exterior boundaries of the land; the floor and elevation plans, the location of I:he Units within the Buildings, both horizontally and vertically, the thickness of the common walls between or separating the Units, the location of any structural c~ponentm or supporting ~lement. of the auilcHngs located within & Unit, the Condominium Unit designa tions, the Building design&tiens1 Bnd the parkinq and riterage space designations. each 8uc'1 Map shall contain the certificate of " reqistered profese:ior.al engineer, licensed Brchitect or registered land surveyor certifying that the Hap substanti&lly depict. the location and the horizontal and. vertical measurements of the Unitl'!l~ the Unit designations, the Building desiqnations, the location DC the parking and storage spaces and the elevationH of the constructed unfinished floot's and ceilings of the UnitB and an affirmation that such Map 'Aail prepared subsequent to substantial completion ot: thft impriJveBlents shown thereon~ In interpreting the Map, the exiat1ng physlcal boundaries of each separl!lte Unit af.> con8tructed shall t>cr conclulllivE!'ly preBU1IH~d to be it£; bounriariee. Decllilrant Leser-vee the' right to Jim.nct thfJ Map, froJ!fl tilllc to time, t.o conform the 5lU!l!8 according to the actu&l location of Any of the improvementl and to ftltabliah, vacate and relocatlt JltB!64!tlltentG/ bCCI'H:l{i!; rol'lCil'l r;n6 on-tl"it'.? psrklnq ar.li.I'~ D-ecl&rant l s right, &S hereinabove met 'forth, IIh.mll tenlin8;tAl\ on the conv4'yancl! of 5:11 CondOalinj,Ulti Units within th(fi Project, or ~cember J 1, 1985, wi"llchever last. occurl, ..
7. Inseo.srabll1ty of 1l! CondoP'inium Unit. Each Unit~ toot' &ppurte-nant undivlded lnt6test 10 the common elf!1I'lcnts, ail well lUI all other 8ppurt~flance5, rightft and burdens, .hall tngether compri •• cn~ Ccnd~irl!um tinH., vhich CondOP.l.lnil.~ Unit ~hBl1 be ineepl!!t"!lbl417 ar_o JDay be conveyed, 1@4s&d, dey 1aed or encurnbfl!red only .. s a Condominium Unit. An Owner shall be ent1tl~d to lease any parking apacl!, and/or storage space wh ich 1s a 1 [m! ted common element BF?urtenant to his Unit to any other Owner, provided, however, that the terTI of s8i1 lease will expire, if not before, upon the sale of said Owner's Condominium Unit.
8~ Separate Assessment and Taxation - Notice to Assessor. Declarant shall give vritten notier_ to the assessor of the County of Jc.fferson, Colorado, at. the creation of CondOfQlnium Ownership on thia Project, as is provided by 1 a 101' , 80 that each Unit and th~ undivided interest in the common elements apt-'urtenant thereto shall be deemed 4 separate parcel of r@41 estate for purposes of separate Bssessment and ta:Kst1on~ The AlI8ociation , upon the request of sny first Mor"gagee, shall furnish proof thdt all taxes, real estate assessments and charges shall relate only to the individual Condo'flinium Unit and not to the Condominium Project a& a whole.
9. Parll of owner.hi~ - Title. II Condominium Unlt !!!sy be held and ovnl!d lr: ,;ny real. pYoperty tenAncy ?r estate recoqnized un(r:r the laws of the State of Colorado.
" 10. Non-Partitionsbilit and Transfer The common e ements sha be owne n common by a lot e Owners of the units and shall remain undivided. By the acceptance of hib deed or other instrument of conveyance or a6Bign~ent, each O>mer specifically waives hi. right to institute and/or .. aintaln 8 Isrtition action or any other action designed to cause a division of the comMon elements. each Owner specifically agrees not to institute any action therefor~ P'urthennore, el!lch Owner agrees that this Section 10 may be pleaded 8S a bar to the maintenance of such an action. A violation of this provision shall entitle the Associa tion to personally collect, jointly and severally, from the partiep
V'iclat:ing the 8ame, the actual attorney fees l coste and other c1alTl~ges the Aseociation incur. in connection there."ith. Purther, all Chtners, and the M80cilJtion, covenant that, ~xcept lila provided in Bection 3(b), they shall neither by act nor omission, seek to ab81don, subdivide, encwnber, se-ll or transfer the common elements ""itl0ut first obtaining: the written consent of all of the first J'Ior.:.gagees of the indiv:'dual Condominit..llrl Units. Each such Mortgagee uhall have one- vote- for each Mortgage owned by iL Any sueh action HitloUt the 'ltft"itten con8ent of said HortgBgees shall be null and vo i 1 ..
11~ URe of General and Limited Co~n Elements. each Owner shall be entltled to excluslve ownership ~nd possession of hi» unit .. Each Dirlnar may USE' the appurtenant qeneral Bnd limit@d com non ale-mentE in accordance with the purpose fot'" whicti they are int·!nde-6, withf)ut hindering or encroaching upon the lawful rights of :he othe-: Ovn@1:"5. The MB-ocist1.on may adopt rules and regulations g':w~rnlng the use of general and 1 1111i ted common elements, but much rul~5 and regulations shall be unifor. and non-diBcrimin&torY6 e.!ach Owner, by the acceptance- of ~i.a deN or other instrument of con"le-yane@ or assignment, sgree8 to be bound by the existing Jllnd t!l€'.ceafter adopted l:'ul~g ~nd Le-gullltion1ll. All una581qned parking Bl~elUI within the Project s:h&ll be general c01fImon elements snd shell brtl "Jnder tht\" control of the Aslloci.$tion~ The M8ociation shall bE ([email protected] to adopt rule, &nd r-t'gulationfi govflrnfnq thfJ' us", at luch p!:Irkins iH"~8:!ij prQvid@d that "fly aueh rul •• tlnd re-gulationa: .hall b4!{ uni :or:m and non-diBcriminetory.
1:L U8. and Occ'.lPl'lncy. The Unit. shall b;e used and occu- pi!'!'!J by th4!l Chiner, the wnertg, family, and hi~ gU~5tll, or tenant. onl" lU & r •• id.ncE and for reAidE!ntiBil purpoaC'§.. This reBtriction ----_.-
as to residential use, how-ever, shall not apply to th~ DE'clarant, its agent., employees, invitees and aSli1ns during the sales period. Notwithlt.nding the above, the ..... oel.tion may u.e any Co"domi.nium Unit which it own8 or lessEe sl 4 busineru office and/or 4 residence for sny on-site resiJent manager, sales repres~ntative ot' custodian. 13. easements.
Ca) Encroachments. In the event that any portion of the common elements encroaches upon any Unit or Units1 or in the event that any portion of a Unit encroaches upon any other Unit or Un. t6 or upon any portion of the common elements, or in the event anI' encroachment :hall occur in the future 48 a resul t of: (i) set.tling of a BuUding; or (il) alteration or repair to the common ellme.ltst or (iii} repair or restoration of a Building(s) and/or a Un:t(s) after damage by fire or other casualty, or condemnation or emjnent _domain proceedings1 a valid lI!a8e~ent shall exist for the en( roachme-nt find for the maintenance of the S8!!'!e 80 long as the Bu!~ding(8' stands or encroachment exist8~ In the event that any one or MOre- of the Onits or Buildingll or other i.pruvements com prj8in'~ part of the common eleme-nts are- partially or totally de stroyed '1nd are subsequently rebuilt or re-conatructed in substan tially the .ame location! and ail a result of such rebuilding any portion thereof shall encroach aB provided in the prece-d1n9 sen tencE', a valid easement for such encroachment !:hall then «rilL Such encroachments and eaBements shall not be considered or deter min~d to De encumbrancf!'a either on the common elements or on the Units for purposes of mBrket~bility of title or other purpose.. In int!rpreting any and all proviSions of the Declaration, subsequent ~eed8 to and/or MortglJges relating to Condominium Units, the actMl location of 11 Unit shall be deel\u~d conclusively to be the pro">erty i:1tended to bi! conveyed, reserved or encumbered notwith &tlJ;,\ding any minor deviations, either horizontally, vertically or lat !!:ally ~rorn the location of such Unit indicated on the Condomin ium Map.
(b) Maintenance easement. An easement is hereby granted to the Association, lts otf1.cers, agents, employee-s and assigns upon, across, over, in and under the coaaon elelllent5 to Make such use of th'e' common ele>lIIentfli as may be necessary or appropriate to perforllll the duties and function. which it i& obligated and/or p'!rTlitted to perform pursuant to thill Declaration, including the 1:' igl1t to construct and maintain on the common elements ml.lintenancflI and storage f.BeiIitLe. for the use of the M8oci..'ltion~ Further, an ~a8ement is hereby granted to thft Declarant, ita agents and @"mp: oyeem and th~ A.saociat 10n, "ita e1&ployee.- and third party con tra ~torll for ingress and egress ":0 Bny Condore-inium Unit within thtl Project in order to pet"mit Declarant to f,A!'rto["tII! any neceeaary J!HI.Lltenance and/or repairs required of it. under the term' and profistonl ot Bny Purcha5e AgreeM@nt between Declarant and the ~n~r of an indiviaun! Condominium lnlt~
(c} Em"!rq!'Jncv easement. An fH'itiement tor ingrea;s iIlnd \!grt"lu 11 hllll"t'eby granted to &11 policth sheriff, tire protection, ambulance and other similar emergency &gcnci~~ or peraon& to ent0r upor all itt'f!fets ana upon th!'!- Project in the per"iocmance of their dutiec;:~
(d) Maintenance of Li.it~d COM~on Element t&.~~~nt. Ther". is hereby granted to ~ach Owner of b Condominium Unit ~" eaSf'ffle-nt on, over &n.:j acrOIlHt th«l' C01l'lmon C'l.l'Ii~nt~ Ail may be neCftaaary ot: I ppropriati!t, to ~nable such Owner to pertor:z maintenance, tllpait" and other Iofor;; upon any air condltioninq unit which 11'6 & limited 79103020
,:ommon elem~nt appurtenant to hi. Unit and which is located upon the t "xterior walle or roof of the Building in which said Owner • Unit ia citu.ted.
14. Termination of Mechanic's Lt~n Riqhts and Indemnification. £ubsequent t.o the completion ot any alterations, modi.flcatlons or additions to the improvements described on the Map, no labor ~e~formed or material. furnished and incorporated in a Unit with the consent or at the request of the Unit Owner, his agent, hili con tractor or subcontractor, shall be the basis for filin9 a lien sqsinst the Condominium Unit ot any other Owner not expressly consent ~,nq to or reques t Ing the same, or aga i nat the common ele llfIents.. Each OVner shall indemnify and hold hat1tlless each of the other Owners fr01l and agai.nst all liability arislnq frOM t.he clahi of any lien against the Condominiu. Unit of any other Owner or a~ain8t the com~,n elements for construction performed or for labor, material., service. or other products incorporated in the OWner'. C;)n~ominium Unit at such Owner'. request. The provisions herein contained are subject to the right. of the Manag ing 1Igent or Il<>ard of KBnagere c! th~ kssociation 8S 6~t forth in Section 15. Notwith standing the foregoing, any Mo 15. Golden Ridge Condominium ~ •• ociation, Inc. (8) The intereets of all Owners of Condolliniurl Unit. wlthi:1 thif Proje..:t shall be governed and adlliinistered by thill [}.·claration and the Articles of Incorporation and By-Laws of the Golden Ridge Condow.inium A.ssociation, Inc. An O<.tner of 8 Condo=in inti Unit ·upon becominq an Owner, shall be .5 member of the Msocia t .on Lind shall remain a member for the period of hia ownership. (b) The Association shall be granted all of the powers nl'CE!S8<'l!ry to govern, man.&ge, ml!intain, repair, administer and rr·gulate the Project and to perform ~ll of the duties required at it:. Notwithstanding the above, unless all of the ffrllt Mor-t glgees of Condominium Unit. (baled upon one vote for each first Kc-·rtgage owned or held) h&vl't given their prior written approval, the Af8ociation shall not b@ empowered or entitled tOI (1) by act or crmiswion, seek to abandon or teminatllt tl e Condominium 'Ce<;Iime: (2) partition or subdlvlde any Condo .. inlu.. Unit! (J) by set or cnroir~ion, seek to abandon, partition, IH_bdivide, encU1ttlJ.er, sell or transfer the common elet'lH!nts1 {4} usa hAzard insurance proceeds for 10es to the irr.provementn for othEr thsn th.! repa ir t replacement or recon struction ot such improvements, (5) t~r=in8tc profeSSional .an~gement of th~ Project~ (c} '!'he Associmtion shall grant to each firl!lt Kortgag"!@' ot " COndondnium Unit thft right to e'.ltamine the bOOKti .,nd ~~cord~ of tt@ ASdociation at any reaaon&blc ci_e. Further f upon writt@n request any much first Mortgagee shall be flntitl'l!d to rE'c«dv~ an My-nusl lfiuditt!d fin~mcial &tAteM.,nt of thE- M50ciation within ninety (90) days foll~ing th ••nd of Bny fi.cal year and/or written notice ~ .. ~.,. of all Meeting. of the All.cclation .. 'The Association hereby grants: any such first Kortgagee the right to dealgnatl!!' a representative to attend any such meeting. 16.. Res0t'vation for Acce~8 - Maintenance, Repair a~d emer gencies. (a) The Ovners sh&ll have the irrevocable right, to be exercised oy the Association 1 a Dosed of XanagerB or officers, or custodian, or Managing Agent, to have access to each Unit from time to time during reasonable hourI- aa may be necessary tor the !!.!intenance, t"epair or t'''!'plBce1Ient: of any of the common element@ therein or accessible therefroa, or at any hour for Making emergency repairs, JIllJintenance or inspection therein necessary to prevent d.!.nlsge to the c"aUI"()n elements or to another Un it. (b) Damage to the inter ior or any pnrt of a Un it, except for OWner installed or constructed improvements resulting from the 'ftaintenance, repair, emergency repair or replacement of any of the common ele~entl or as a result of e$ergency repair. within another vnit at the direction at the Association, ahall be a cOJltlDOn ex.~n.e of all of the OWners, provided, ho~ver, that if the damage needed to. I.Je rep3ired is caused by negligent or tortious acts of Ii Unit 0vner; meMbers of his fal'ii1y, his agent.l, employees, l.nvitees, or tenants, then such CondO'llinilDll Un it Owner shall be responaible and liable for 411 ot such damage and the coot thereof shall forthwith :>e"Co»e said ()I.tner1a obligation, which Jiust be tiaely paid~ Said ,b1igation shall be a common e~pen8e ae it relates to said Condomin ium Unit Owner,s), only, and ahall be subject to the provisions ~lBe~here herein provided.. All daaaged iXlproveJilents shall be restored eubstantiaJ ly, to the elttent reasonably practicable, to the .ame condition in which they e.i.ted prior to the damage. All ~ainten8nce, repair4 and replacement of the common elements, whether locat.ed inside or outside of Units (unless neces.itated by the ~egligence, misuse or tortious act of. BI Condominium Unit Ow"ner, in '11th ich cese such expense shall be charged to such (Mner), shall be the common expense of all of the Ownere~ However, the "esociation shall not be Obligated to seek redress for da~aqes caused by a '1egligent Owner and thie covenant shall not abrogate the insurance provisions of this Agreem~nt. 17. Maintenance and Service Responmibility. t.) Owner: (1) Yor MaintenancE' purposes, an Owner shall be: jeemed to OVO: the windows and doors! the interior non-supporting .talIs, floors and ceilings of hirt Unit, the /I'Iaterials such AI;, but not limited to, plaster, gypsum 1rywall, ponelinq, ~811paper, paint, "'811 ana floor: til. and finiShed t;urface flooring, and other IVulltC1r" lalfi wtlich .ekE up th'" finished surfaces of the perlraeter wallA, :frl 1 inq .sod floors with i n the Un it... A.n Cftrne r, hovl!'ver, shmll not :J~ ceded to o-wn the pipe .. , wL'e.l, conduits or sy.tel'S!! (which art" qeneral C'Q1!If'IlOn elementl snd for brevity lire herein Bnd h.re"fter refffrred to aa ·utility fAcilitie~·' running through hi. Unit which ti4'lrve one or /BOre other Unitll @1xcept as B tenant in common with thE! other: Own.r~. Such utllity facLlitiefi I1lhSill not be diIJturbfitd or r~loc&t6d by &n Ovner ~ithout the written prior consent and approval :::li th .. Board ot .Mansgerz, and any e.uch dltl!tt'ation, ro@i'locetiofl~ e>nlargement, addi.tion or: JIIodification ilhflll bE &t the O'ld'ner'm .f)q)o@rtl>~, wh ien Expenl!l4t shall includE &11 I\"xpenf)eti incurr,.d by the A88ociation in ref~rence theretoQ ( 2 i An Owf'l~r flhal1 I&ainta.ln and keep itt rep.&lr tilt; int@riot" of hi. own Unit, including th* fixtur.1I and utilities. 79103020 II located therein to the- extent current repair shall be neCEssary in order to avoid damaging other COndominium Units ot' th@ commun elementil.. All fixtuI'E'B and equipm@nt and utilities installed .. !thin the Unit commenclng at • point Iother. the !lKturel, equip ment and utiliti .. enter the Unit shall b. maintained and kept in repsir by the O~ner thereof. An Owner shall do no act nor any "ork that will impair the structural soundness of the Building8 or impair the proper functioning of the utility facilities, heating, electrical, fire extinguishing, air conditioning or plumbing systems or the structural integrity of the Buildings or impair any •••• ment or hereditament or damag6 any other component of the Project. rurther, an OWner ahall not remove, alter or ,"odify the location and size of sny bearing or non bearing partition wall situated within nis Unit, nor 'ncreasE' or decrease the nu.ber of t00ftl8 vithln his Jnit.. An Owner shall always keep the Daleon;-! p"''Cch or patio area. 3.d~oining and appurtenant to his Unit and any other li.ited common ~lement8 appurtenant thereto in a clean, orderly and sanitary ,ondltion. (3) In addition ~o the f,,=e90inq, Oltner "hall be )blig.ted to ... intain and keep in repair any air conditioning !quipment which i •• limited CORman ele~nt appurtenant to hi. Unit, ,oe"Hh.tanding the fact that .aid air conditioning "'luipooent l. ,ituat~ on the common elements and not totally contained within the lndividual 8ir space comprising the Owner'. Unit. (b) Association! (1) The A•• cei.tion ahall hav" the duty of ... In :aining and repairing 411 of the common elements within the Project, ~xcept air conditioning units which are liMited common elements: lppurtenant to a Unit.. The cost of said maintenance and repair Ihall ~ 61 common expense of all of the Owners. The Association lhall not need the'prior approval of its members to cause auch nairtenance or repairs to be accomplished, notwithstanding the cost :he reot. (2) The A88ociatlon Bhall prov ide to the Owners :he following services which shall be paid for out of the common '!:r::~n5e llssessment,' to-wit: (l:II) maintenance of the common elem~nt., except ,. otherwi6E provided1 (b) administration and man.gement of the 'roject i (c) prov!dil"'g heating and lighting for comMon (d) obtaining and maintaining the insurance :equired in Section 22 hereof; (If) enforcing of thff prOVisions, set forth in thiG; Declaration, arc thE! A5socil!lt1on~u rules and regulstionll t mM :-ollfH.ting of 6111 obligBtions oW0d to th~t AOloctation by th@ ~n«trlq (f) mcting ali attorntc!y-in-fact in the: event of. ~8R'Ulgfil or destruction lil! providttd for:: in SEction 27 h"'t'lfof t .tInd (g) P'lr(ondng .11 oth~r .ct. roqulr.d by thi. )6cls1:'llItion, ot" the Article. of IncorporlJtion and aylllwm of thll!! ~m.lISociationt (J) Th@ Anoel .. tion ah .. ll P'I r",1 t the Cl tl' "e Cold .. " rire Oepilrtlll41nt to conduct an annUAl i.l1li!p~ction of ttl€! common rlementa within the Condominium Project. The Association shall have the duty to maintain the common elements in full collpliance "ith all <>f the requirement. a ••et forth by the City of Golden ~ire Depart trent pursuant to said inspection. furthermore, the Association will ,rohibit any conltruction in the rear of the Building" ,.ithin the (ond~iniu .. Project that will impede or obstruct the maintenance of • clear fire ace ••• to the rear of the Buildings within the Condo Idnium Project. ~otwithstanding the above, the Association reserves the right to hire one or more persons or entities including a Managing Agent, contractors, and employees to pertor. such 5ervlc~8, provided, h.,wever, that any Contract in reqard to the hiri.ng or employi.ng of such M~nli9inq Aqents, contractors or ~ployees shall not be for a t~t:'a in exce8U of one' 1) 'fear and shall provide that the same .,.11 be terminable on thirty (30) dayo ""itten notice, with or ~tthout cause or payment of ~ termination fee. 18. Compliance with Provisions of the Declaration, Articles of 11cor oratlon and Slaws ot the ".sociation. each Owner shall c:na;,; y strict y wtt t e prov 8 onll 0 t;-2 Dc,,: dc~clon, the Articles a! Incorporation and Byla",. of the Msocistion, and the decisions, r ~lIIo1ution.e:, rules and regulations of the Association adopted p'lr&Uant thereto 4& the sa.me aa1 be lawfully aade and amended and/or .. > 19. Revocation or Amendment to Declaratlon. except a& i. ol.herwisE' provided 1n Section 27, thIs Declaration shall not be revoked unlesa all the O-wners lind all first Mortgagees consent llnd a~ree to such revocation by Instrument{s) duly recorded. This Of claration shall not be amended unless the Owners representing an acgregote ol<1lership of at least seventy-five percent (75t) of the urdfvided interests in the COmrlOn elements and all of the first Mcrtgagees of ~ondominium Units consent and agree to 8uch a=endment b) instrument(s) duly recordeCir provi.ded, however, that the undi v.ded interea:t in the common eleJ!llents appurtenant to each Unit, as f!)pressed 1n th@ [email protected]:8tion, shall have a ~["manent charlict~t' and sl"a-ll not be altered ... ithout the consent of all of the Unit owner. ard all of th@ first Mortgagees of CondOMiniUM Unit! .s expressed in Bf 8fiH!nded D*clsration duly rtf corded. The concent( r.;, of any junior Kcrt.qagff4l' .hall not 00 required undl!!lr the provisionfi ot thi .. S Notwithr:tandlnq the (or"90in-9, OeclarJ'lnt hereby re"servtfts and. if h6reby granted the right .snd p0\o10r, until such time &s &11 CcMOfAiniultI Unitfi within the Project .erG' aold, to record Ii! Bpt!ci&l AJl'IIl'ndMent to thill Declaration to amend t.hi.s ~cl"ration to! (1) ctmply with the- r'tlquirt!'ment£ of the tederJ!ll National ~tortglH;;@ A«soeistion and/or the federal HOMEl Lotlln Mortgage Corporation; srd/or (111 to induce any of such agenci1= or entitiem to mak~ pt:rchllf!u}, Aell~ intlllr~1 or gut1r.nntee fiE:'st mortgagem: or deede ot trust covering CondO'feiniWII Unitg~ In further.&nc@ ot the foregoingl &: po~ltr coupled wLth an interet:t if; here-by rf!'Ii ,f I~ acknowledgement of, and a consent to the res~rvation of, the power of Declarant to make , execut~ and record Special Amendments. 110 Spedal A1nendment ,..de by C"clarant sh.ll affect or '''pair the lien of the first mortgage or d~ed of trust upon a Condominium Unit or any warranties made by an Owner or First Mortgagee in order to induce any of the above agencies or entities to maKe, purchaSE, insure, ot' 9usrantee the first mortga.ge or deed of tt'U5t on such Owner'. Condominium Unit. 20. A1ditions Alt~~ation8 Is rovements - Li.ited Comeo" e ementB. be no caplta ttlons, ilteratlons or improvements, cf or to the general or limited commo~ elements by the Association requiring an expenditure in :xceSI of an amount equal to ten percent ('0\, of the AS6ocia :ion:5 budget for any c5lendar or fiacal year in anyone cslendar lear without prior approval of 4 Majority of the OVners, except In the event of an emergencYe The li.itationfl ~~t forth 3bove I ihall iJot apply to any expenditures Made by the Association tor I"'lalntenance and repair of the common elements &8 &et forth in Rection 17, supra, or for repair in the event of damage, destruc ;10n or condemnation as provided in Sections 27 and 28, infra. 21. Assessment for Common eXpen8e8~ (8) All Owners, except Declarant, shall be obligated to I's.y the estimated common expense assessments (hereinafter sOrle times referred to as -assesslItents-) iaposed by the Board of Kanagere c f the Msociation to ffteet the c01l'l'.ll!On expense-a and reserve.~ The l8sessment.s ahall be made in proportion to each Owner'. ·Percentsg-E' (f Responsibility· for payment of IJlSSefisment, which Percentaqt~ of Fcspunsibility i& set forth on Exhibit B attached hereto and incorporated by reference herein. Declarant shall have no oblig&~ion to pay the estimated common expense aB8es,sment imposed by the Board cf Managers of the Association to .eet the common expenses and teBerves: on Units ovned by ~clarant.. Declarant hereby 89rees to ray to the Association .a su. equal to the difference betwt!'en the ~onthly cost of op~rating and maintaining the common eleMents, er.clusive of rese:ves, and the amount of funds payable by the other Cwners to the Association. This obligation of Declarant to 8ub- sidiz@ the operations of the Association shall terminate when C~clarant relinqui8hes it right to elect the A850ciation'. Board of M5nagerl or: on o-ecem~r 31, 1985, vhichevex.- event OCCUt'S fir:!t., S.Jbsequent to the occurrence of either of the- afore-said evenlt-III, Declarant shall be obligated~ 8S any other Owner, in re'ference to Condo~inium UnitR then owned by Declarant to pay the estimated c?mmon expense- assessments imposed by the Board of Managerli to nwet t,e common expenses and reserve&. Except as provided else-whet. In t,t. Declaration, the limited common el~ent6 shall b@ m5intained as 9 '"f'l L'!: 1 common e16mentl;Z (ehcept, howe-ver, thil'J nhSlll not impcl.~ u)On the- Assoeiation th« obI igation to clean btl.Iecnies, porchE-e., p'!tiog" and IItorag'@ l()c}ors or • .sintedn and r~pair any SlLr condi tio"ling equiptllent Which 11 a limited common ~l~ment applJrtenant to 1Jl U1it) ( and Owners having e-xclurdve use- th~reot shall not be subject tJ any special Chargee or aes~a8ment. for the rep&1r or m~intenanc~ t,lereoL) As'HUJ81lients tor the eutln'iated common Cl'xpenAH!t: shill! ~ plyable in monthly inllilt.dlm~nt:e and .h.al1 b.fb' du~ in ,advance O:!1 the f l!:"llt day of each calendar month.. If ,mny such monthly $.natallment 11:,1&11 not b~ paid within t6n POi day • .after it shall become due and p IYl'lble, the Association I, Board ot Ptanaqec. Illsy a •• ellll a "'lat. c Il!rge* th~reon in 8M ~~'J!'!t net ;'!xC4'!Minq T (b) In the event the ownership of a Condominium Unit, <>;itle to which is derived frora Declarant, commences on a day )ther than the first day of the assessment period, the common ~xpense assessments for that period will be prorated. (c) Common expense assessments shall be based upon the ,-:ash requirements deemed to be such aggregate sum as the Board of lanagers of the Association shall frOrA time to time determine 1s lecessary to provide for the payment of all estimated expense. :elatlng tn or connected with the administration, maintenance, ownership, repair, operation, addition, alteration and improvement tlf' the COnm:ton elements, the Project and pers"'lnal property ovned by 'he Association except as otherwise p-rovlded. Said SUB. .sy in l-;lude, but shall not be li.ited to, es.penses of management, taxes ana special 8St.!€&&mentll untlt ~""?!!!':".!!+:el,! 8IfJ~"!'!tfi'"!d, pt'emit11l'ls fot' ... n8urance; lanJBcap 1.ng and care of grounds1 common 1 iqhtinq and neatingf repairl and renovations, trash collection, wages, cOfftmon 1I8ter and sever charges, legal and accounting fees; management :eesl expenses and liabilities incurred by the Association'. lJ.Oard of H..anaqer& on behalf of the Unit Owner. undet: or by reason of this Declaration and the· Articles of Incarporation and l!y-I..aw8 of the Association, for the creation of reasonable contingency ··eaerve, working cllpital and/or sinking funds, lind any and all other !:osts and expenses relating to the common elements, and/or the ~)roject~ (d) Each Owner shall be obligated to pay all chargers for .lOy Deparately metere" utilities servicing his Condominilml Unit. Hater lind !Sewer service and other utilities that are master metered iShall be pror8ted equslly among &11 OWners owning Condominium Units. Hith any Building 80 metered. Such expenses shall be 8 part of the common ex~ne:e assessment. hereinbefore provided., The As.oeiation sh",l1 be r •• ponslble for the payment of all utility blll. for ".tor and sewer service and other utilltieg that are master ~etereu. rurth~r, the Association shall have the duty to maintain the water dnd sewer facilities located within the Condominium Project .. In the I vent any (e) The omission ot" failure to fix thE ilSBe!Hi/il.ent: or deliver or sail m stateMent for any period shall not. be deel&ed &. \uivf!r, .ooification ot' .& release of the ~ner8 from their: obli qat.ionfll to pny thl!r El'H'f't(,1. (El Th. ~ •• oci.tion 'hall be obligated to •• tablish • r:ellletrve fund for thE mn inten&nce, r0pl.!l ir and replaCEment ot tho lie ,:ommon e1.e1'!ll:'nt:g that must bit replaced periodically and such reserve 'und shall be funded through the I'!IOnt.hly payment» of the common ,!xpens",.IS ..'lInd not by e%tr:Jot"dinary special 45"e.5Sment.fi. (g) In addition to the &csema:mentJ; authorized above, _hlfl "s.ocl.~tion may at .&ny lim~ Aind fram tim@ to timtl, determine , -13- • ...__ -~~------,,_ ... _--....I .. ,L~_-"-""--=~-'~~=~-~=~-~==-=T~.__ ·_ 791030~ levy and assess in ... ny assessment y"!ar, which determination, levy .snd assessment may be made by the Association's Board of Managera with or without vote of the members of the A5sociation, a special Blssessment applicable to that particular assessment year for the purpose of defraying, in whole or in part, the unbudgeted costs, payments for any deficit remaining fro. a prev:ou8 period, fees and '!xpenses of lIny conatt'uction, reconstruction, repair, demolition, replacement or maintenance of the common elements, the Project, or .ny facilities located thereon, specifically including any fixtures l:nd personal property related thereto.. The 8J1l0unts deter:ained, levied snd assessed pursuant heret:o shall be aBseIled to each Owner in accordance with hi .. ·Percentage of Responsibility· set torth in lxhibit B attached heretoj and shall be du~ and payable as ~~t forth in the Hotice of Assessment pr01lulg,ated by the Associations's Board of Managers. (h) 1111 Ownera of • particular Condorllini"", Unit shan be jointly and severally liable to th" ..... soci.tion for the payment of ~11 88~gsmer.ts attributaDle to Duch Condvminium Unit, includinq the 4nnual assessment for co ...on expense. and speCial 88SeSSl1ents 8!sessed against their particular Condoainiua Unit. 22. Insurance. (a) The Board of Managerll of the Association shall obtain and maintain at all times, to the ex:t!~nt obtainable, poliele • . nvolvinc;J atandard prelSiuII rates, established by the Colorado :neurz:tOce Commissioner, and written 'With companies licensed to do husiness in Colorado and having a s.e.t '. Insurance Report rating of ,~ II X, covering the risks set forth b-elcnt. The Board of K4nagerm of the ABlodation .hall not obtain any pollCY where, (1) under the .erma of the insurance company's charter, bylaws or policy, contri IJutions: or assessments may be made against the Mortgagor or l1ort !lagel"!'s delSignee, or (il) by the terms of carrier's charter, bylaws or policy, 1085 payments lire contingent upon action by the company's Roard of Directors, policyholders or aemberll1 or (iii) the ?Jlicy ncludes any limiting clauses (other than insurance conditions) lIhich could prevent Kortgagees or the Mor'::gagor from collecting n8urance proceeds. The types of coverages to be obta.ined and r:isk.ft. to be covered are as follows, to-wit: (1) Fire in.urane@ with ell tended coverJi9* and f;tandsrd all r1;11>:; endor.eaent.r;, which endoraE'.'lRentA shall include l~ndbr8e1'lentli for vandalia. and JIl41 icioulI!I III i Behle!. Said cluiual ty .nsurancl!!' shall insure the entire CondominiulII project and any property, the nature of which is a cos:mon t!le1'flent (including all (If the units and fixtures therein initially installf!'d by the Dec ~,arlint but not including iu"-niture, furnishings or other personal property .upplied by or in.tolled by Unit ();men) together "ith I'll .ervicE!' 6qulpNent contmined therein in an amount equal to th« u11 replaceMent value, without dedUction f\)'C depr@c1ation. All voliciem ahall contsin s. sttndard non-contributory JI.'Iortgage cIllu •• . n fsvor of each Mortg&ge~ of & Condortliniurtl Unit, which shall provide that the loss, if Any, thereunder, 1~lall be pByable to th~ Golden Ridge Condominilmi ABsoci&tion, Inc. for the U!5e and benefit of Mortgagees 4S their interests ma.y appear. {2j I:: the Condo!!1dniU1'& Project im located in an arEI'm _dentified by thot Secrt'tsry of Housing snd Urb5n Developeent ll;il: iHl flr'llLt having s~0ci&1 flood hs.I-arac; and the- aBle of flood . nButane@- hall been lIu'ld. avoM U ab hl under thE: Hili t ions 1 Flood lnsur .lnctl" Act of 1968, ... "blanket.'" policy of flood insuC'4nc@ on the f:ondociniu'll Project in 4n a.aunt Iofhich is the ie.sec of the M4XillUl$l. ,Ifflount of lncurance available under the Act 01:' the oIi~grt"J&t. of thfl mpaid princip&l .balance. of" the ~rtg.ig«£ on th~ CondoMinilJllll Unit& ,:ompri:iJ,!.ng t!1c C.:)ndOl:liniL.tJtl Projf!'ct. 7!f!l30a /(t, (3) Public liability and property dam.ge insurance in .u~h limits as the Board of Managers of the Association may frol'll time to time determine, but not in an am?unt less than S 500, 000. 00 per injury, per person, per occurrence and umbrella liability limits of $1,000,000.00 per occurrence, covering cloi,.. for bodily injury or property damage. Coverage shall include, "lthout liMitation, liability for personal injuri.s, operation of l"'utomobiles on behalf of the Association, and activities in con nection with the ownership, operation, aaintenance and other UBe of the project. Said policy shall also contain a "severability of interest- endorsement. (4) Morker'. Compensation and employer's liability insurance and all other similar insurance with re~pect to employees of the Associ~tion in the amounts and in the forms nov or hereafter r~quir~d by law. (5) The Association shall purch.se adequate fidelity 'Z,v-!'r~gl! 8gaiT'lst dishones':y of employeeu, destruction or disap p.arance of money or securitl •• and forgery. S.id polle: .h411 81&0 c)ntain endorselt.ent& thereto covering any persons who serve the A~eoclsLion without compensation. (6) The Association .ay obtain insurance Against such o:her risks, of &: si=11ar or d!!!sillJilar nature, as it shall dee. lllpropriate with respect to the ?roje!ct, including plate or other glass insurance and any personal property of the Association located t':1ereoo. (b) All policies of insu!'lIl1ce to the extent obtainable B 'JaIl contain w!livers of subrogation and waiver. of any defense blsed on inVAlidity ariSing froa any acts of a CondominiuM Unit Olner and shall p~ovid@ that such policies ~ay not b~ cancelled or "''Xlified without at least ten (10) days prior written notice to all of the inaureds, including MortgageeB~ If requested in writing by o H!~ or more of the Mortgagees, clupl ic,ate or iq inals of all policies 8,d renewals ther-eof, together ~i th pl:-oof of payments of premiums, SHill be delivered to &11 Mortgagees at. least ten (10) days prior to e (piration of th~ then current polic;~e8~ The insurance shall be c~rried in blank.et tor-m ".!IDling the Golden Ridge Condominium Associa tion, Inc. 48 the insured, as attorney-tn-fact for all of the C,ndominlum Unit ()'.toots, >thich policy c'r policies sholl identify the interest of each CondominiUm Unit ~dner (Own@r'. name and Unit n .rm.ber designation) snd firEt Mortgagee. P'urther, the Association 11a11 require the insurBnce company or companies providing the i~.ur&nce coveragel described here!I' to provide each Owner and M~rtq8gee s Certi!icat@ of Inauranclt in regard to such Owner t & i1divi6ual Condominium Unit. (c} COOOOdl;iniu-m Uni': CMnI!!''C5 May cat"ry other insurance for: tll8"ir b@nefit and at their expense, provided that 811 such pollciefli 5;'611 contain waiver-.I of subrX]&tion, .nd provided further that ':h@ liability of the carrier. issuing in8-urance obt~ined by the SOard wi Manager. shall not be affected or di.knished by reason of any such &jdltional insurance carried by any Unit Owner~ (d) Insurance coverage on furniehtngs, includin9 carpet, dr5pt"cies, oven, range, refrigerator, 1dallpdper, disposal and other ice-Wilt of p-erlJOnalty or other: property bcElonqinq to an Owner And ?llblic li."bility covereg~ within @s:ch Unit IShall bE' the s-olc and direct r@a;ponlt1bility or: the Unit Wn ..d: r::.h'C'c<:..;':, Bnd t;;~: 2-c.:rd 0" M~nl!tgersf the Association lind/or the KAnaqinq Agent shs.ll have no responsibility theI:"efor~ (~~ !~ the e'!e~t that there IIhall b 230 Owner's Personal ObIi ation for Pa ment of AS8essment8c The amount 0 t e common expenses 8S8Esseo aqa nat each C~n 0- miniu," Unit shall be the personal and individual debt of the ovner thereof. No Owner may exempt hilll.elf from liability for hi. contribution for the common expenses by waiver of the use or enjoymp.nt of any of the common elements or by abandonment of his Unit. The Board of Managers shall have the responsibility to take prompt action to collect any unpaid assessment which remains unpol1 for More than twenty (20) days frOM the due date for payment thereof. In the event ot default in the payment of the assessment, th" defaulting Condominl"'" Unit 24. Assessment Lien~ (4) All 8U11.S aS6t!8Sed but unpaid for the share of c~n expenses, whether general or spec i41, chargeable to any CondotdniWil Unit flhBll constitute a lien on I£uch Condominitm Unit 8u~rior to all other liens and encumbrnncea, except only fori (1) reBl estate taxed and special assessment lien. on ~he Condominium Unit in favor of any public or quasi-public assessIng entity, and (2) all Bums unpaid on a first Mortgage or first deed of trust of record, includ ing advances and .11 unpald oblig.tory Bums as may be provided by such encumbrances. To evidence Buc-h lien, the Board of Managers shall prepare- lli written not!,ce of lien assessl'ftent Betting forth the "UMount of such unpaid indebtedness, the llJl'tOUnt of the accrued intereat and 15 teo- cillirges thereon, thlt! na.e of the owner of the Condolftin iul'l Unit and & description of the Condominium Vnlt. Such m notice tshall be Bigned by one of the Soard of Managers or; by one of the officers of the J\88ociatiof11 and shall boa recorded in the office of the Clerk Bind Recorder Jf the County of Jeffer~n-". Colo!"~doe such lien shall attach on the date tte Notice of Aseess_ent is recor.ded. Such lien May be enforced by the foreclo§ur~ of the defaulting Owner~8 Condolldniu. Unit by the Association in like ~nner 86 a Mortgage on real property~ (b) An eMnet' shall be required to pay the costll, expensE-III and Ittorney'!! f€':t!s incurred by th. AAl5ocLation in r€ltgard to any luch dofault Including the coot of prop.rotian ond tillng the lien, Bnd, in the event ot foreclosure proco«(1ingl!, &11 additionBtl cOfitm, er.pftmHH~ and e:ttorneyfs: fetlfJtr incurred. An wner: of thl!.' Condcnu1.niLfl.'ii Unit b~1.ng foraclol}ft'6 ;:h&ll bfi requir€td to pay to the Msociation th~ monthly common exp~n5~ SS8eSARent tor the Condominium Unit :luring the p(1riod of tOt'eclol3ut't?, tina the A!5t!iocitltion shall be ~ntitlE-d to B reclfiv@r to coll@ct tho B&I!l(!. The Msociation s.hall 1eV& the pow.at and lluthot'ity to bid for:: thfl Cond01lltnilJIll Unit Gt & for«clo&ure or other legal sale and to acquire l!Ind hold, lease, 'l'!O!'tglH3e f vot~ the- vote§ .1'i\pPtJrtli'm~nt to; convoey or otherwlF.ie d~&l wi th thQ eSIiIl r!i830~f (e) Any Mort9Bgee holdlnq a lien on a Condo.inium Unit may p.Ay, but ahall not hi! required to pay, any unpaid common expenses payable with respect to such Condo.tofum Unit, and upon such pSYTUent, such MOr'tg8gee ahall have a lien on .such Condominium Unit for the amounts paid of the same rank aa the lien of his encumbrance without the nec .. sity of h.vinq to record 4 notice or chi,. of .uch li~rL Th::- ';.::zo::!~::.ion shall report to thE' ~t'tgagee of 4 Condomin iu. Unit upon written request any unpaid a5SegS~ent reMaining unpaid for lonqer than thirty (3D} days after the same i8 due, or other 1efault of any covenant, condition, obligation or term of this Jeclaration .'lOt cllred within thirty (30) days, provided, however, chat a Hortgagee shall have furnished to the Association, notice of luch encumbrance. (d) ~.ny :-eco:-t1ec'.: 1 len [or non-payment ot the commOn !xpenses may be released by recordinq a Release of Lien executed 'Y An officer or Manager of the Association. (e) Declarant states in 4ccordar.ce with the require nents of the Colorado Condominium Qvnership Act; that it 15 possible :hat lif'!!1fJ other than mechanic's lienm, Blssessment liens and tax ~ien8, may be obt,!l.ined again8t the common elements", including judgment 1 ien. lind purchase money mortgage 1 iens. 25. Liability for Common Expenses upon Trangfer of Condoalniu2 ~8 Joi.nt~ (8) A grmntee of ll'i COndOl8.iniulI Unit, except for any ~ir5t Mortgagee who acquires title of a Condominium Unit pursuant to :he remedies provided in its Mortgaqe or becomes an Owner of a r:oooOftliniuJI Unit pursuant to foreclosure of its Mortgage Ot:' by the :llking of a deed in li(.'u therea!", shall be jointlY and severally .iable with the grantor for all unpaid common expense aSSeBBJQents .Jgainst the latter tor the unpaid comMOn ex~nse assessments up to :he time of the gr5nt or conveyance, without prejudice to the grantee's rights to recover from the grantor the amount. ~8.id by the gr4ntee thereforJ provided, however that upon payment of lIl. ceB:&-Onable fee n(t to exceed Twenty five Dollars (S2S.00), and upon {{citten requeAt, any such prospective grantee IIIhall be entitled to a iitateJU!nt from the Board of Hansgers or Managing Agent of the rUi50ciation, 5~tting forth the lunount of the current monthly common l!xpen.e assl!ssment, the date that Buch asseSSMent become. due Ilnd dny credita for any a~v&nced payments of common expenses and prep&id .tet:l.$, such ss insurance preJfliumg, and acc'umulated lSl'fiounta for ":eBff:,ves, if any, wi1ich A'ltdtement shall be conclusive upon th. ,\£Iociation.. Unleflls such request for sue'" & atateraent tll.hB.ll ~ r:OlBplied with within ten (10) business days from r ..... lpt thereof, .:.h .. n such requeJ£ting grantEr" shall not be liablE' tor, nor ehall ;:.hlt Unit conveyed b~1 sUbj«ct to lJl 1 ifE1'i ther'l1ifor, toqethcrr with all CCH;t!5 of co1.1ecl:ion, interest, penaltieg and reasonable at :orney'£ feen. (b) Upon t'ec~1pt of t!, vrittl:':l1 t'equee.t frOit1 an ~nerf any t'lort.gagu} or pro&pectiv.- Mortgage€ of If. Condomini~ Unit, and upon pa:yment of a retLeonabl. fee not to «Ixceed Twenty f'iv~ Dollars \825.00) f the A§1Bociation, tht"ough any officer- or the Board of ~6ntllqerJ!l or by it. f'fl!lnaging A.gentr chillI issue II written ztstement )! account lu!tting forth the aNount of thti" unpaid CQJilItKm expen.e.~ If any, ~ith respect to the :ubject Conda.iniu. unitt the aMount ot :he current Monthly ComMon expen8@ &58e.sMent and the date that such lfSAelS2UIU!nt beC011I(H,; due, the lUI'lOllnt of lIny ct'"edit for any advanc-ed )aym~ntl! of common expenae- ~UiifieJ!i8os.ent. and lor g-r:epldd itenull (Iwch u inmurl'J/'"'lct' rremiU1't"ic, but not including accumulated aMounts tot' :f>lil;frVft5, if any}, W'hich statAl'lII4'nt chall b~ concluaiv4t upon the \ ...... ,...... - ~- "'-.. ~ .. 791030Z~? 1 fuch ~eque6t fot & etatement of indebtedness shall be issued within ten (10) business days from receipt thereof. (el Notwithstanding the terms and conditions of Section 25(a), Bup-ra, in the event of Bny default 0" the part of any Owner Lnder ·8ny ·first IIortqage wltich entitles the holder thereof to toreclol§e the fUUle, any .. ale Ilnder such fOt:"eclo6ure, including c.elivery of 8 deed to the fit:"st Kortg8qoee 1n lieu of such fore closure, shall be made free and clea.r of the provisions of Section :5(~) '!:'~1at!flg to the liability of a grantee for the unpaid common. ,.:r;pens19 aSSEssments of his grantor. Furcnec, n0 :i:,,,,t P10rtgaqee ahall be liable for any unpaid common expenae aBseallments accruing prior to the time such Xortgagee becomes the Oifner of any Condo= miniu1!I Unit .,r takes possession of a CondominiUft Unit purauant to I th~ remedies provided in its Mortgage, vhichever event is later. I 26.. Encumbt:snce!l - P'Ciority. The Owner of a Condominium !I~it May create a JuniO'r M.ott9dge, liens or encumbcances on hi;; i condontiniulII Unit, provid~d, h~ever, thl'lt any such junior XCit'i::.= I ~age, lien or encumbrance shall always be subordinate to the prior and psrl'lmount lien of the A..llociation for cOtamon expen ••• and 411. of the tena., condition., covenanta, r •• trictionfll, UGEte, l.il""itations', and obligations under thi. Declaration, the h.IIsoci !Jtion-. A.rticles of Inr:orporatior. :.;nd Bylaws, and provided further ·-.hat such junior Mortgagee{a) hereby releases, for purpoaes of ~e.torAtion )f any improvements within the Project, all of his ··ight, title lind interest in snd to the proceeds under all insurance .,olLeles pUIC"chased by the A•• cciation. If confir.ation of such "eless8 shall be requ ired upon wr.t tt .. n request of the A.&soc1ation, ind if such Ir~queat is not granted, such release lGay be executed by ·:he Association a5 ~ttorney-in-fact for such junior Mort9agee~ 27. Qestruction, Damaqe or Obsolescence - ~SSOci8tion as \ttorney-in-Fdct~ This DeclaratIon does hereby maKe mandatory :.he lrrevoca"5Te""appointment of an attorney-in-fact to deal with :he Project in the event of its destruction, damage, obsolescence )r condemnat.ion, including the repair, replacement and itnprove aent of I'lny Condominium Units, BuildingD, common elements or .,ther portion of the Project which hll\& been so destroyed, da~- 5ged, conder~ned or beCOMes oblJolete# Title to any Condo.iniu!\'! "Jnlt is declared and expressly mad@ subject to the tet"PAs anti =onditions hereof, and acceptance by any grl!i!ntee of A deed or ..,ther instrument of conveyance fro. the Declarant or frollfl any J'wner or gntntor shall constitute appointment of the attorney-in fact herein provided~ Allot the O;ometa irrevocably constitete and appoint the CollSen Ridge Condolllinium A88ociatiO'n, Inc~ Ali their true and lawful attorney in their name f place and atead p fot:" the purpoae of dealing with the Project upon fts damAge, destruction, obsolescence or conde.nation 65 is. h~t:ei..nafter pro vided.. As attorney-in-fact, the }\Bsoci.at.iofl t by itl& President:. snd ~ct:"etary or Msif!.tant Secretary or its other duly 8.uthor-izea of f iCffrs and! agentlil shall hev~ full and complete author it&t.ion r right snd p()~er to maXe r (ti)1ecut~ and dt'diver eny contractt de-edt or other inlltrument with respect to the interest of a Cond01ninlU$'.l Unit OwnEr which are nece85ary and appcoprlste to exercise the puwers herein gra"tl!d~ In th6 event that the Associ.lttion 19 cisJ..Ol\1ed or bE'C01&eS dt!funct, li bhII!ct1.nq of: the Cond01'llinill'l'il Urd.. t. O~n.r$ shall be held within thlrty ()O) day~ after either ~uch .v1lfint~ At such )Aoetinq A new Attorney-in-f&ct, to dft51 tdth the Proj.ct upon it. d •• tructi0n p da$sq€, ob.ol~£cencc, or cond.mn&tion mhall b$ appoint@d_ g~id appoint.ent ~u.t be Approved by th~ Q1.tnerli re-pr.s.ntinq .sn .sggreqate ownerShip int-eragt ot flC'vl!ncy-ttv«' percent (75') or mort of the COMmon e16.ents and at lea~t •• venty~ f:~!o!? p~!'('~nt {7'5\1 of" the fir-It MortgagfJl:!§ of the CondoftliintuS! 79103020 ~ t.ntts. Repair and reconstr'Jction of the improvements a8 used in the succeeding subparagraphs means restoring the improvement(s, to substantially the ....e condition in which they existed prior to the iamagE, with each Unit and the general .mnd limited common elE1lentD I'tavinq substantially the saf:)e -/ertical and horizontal boundaries as before, and lIIll improvements being reconstructed or repaired in Bubstantisl conformance with the Projectfs original architectural Flan and scheme to the extent then reasonably and economically ; eaailJle. T'ne pcoceeds ot any insurance collected shall be avail able to the A..8socistion for the purpose of repair, restoration, reconstructic~ or replacement unless all of the Owners and all firtit ~ort9agee8 Bgree not to rebuild in llccordsnce with the pr01lision& ~ereinafter set forth. (a) In the event of damage or destruction due to fire cr other dls4ster, the insurance pt'oceetls, if sufficient to re constt:t.:c~ t~e improveftlent{a), shall be appl ied by the Association, as attorney-in-fact, to such reconstruction, and the il'l'l'ptovement(s) ooal1 be promptly repaired and recongtructed~ The Association shall hsv'1 lull authoLity, right lind power a.1I attorney-in-fact to caustl the repair and restoration of the improvement (s). Maessments for common expenses shall not be abated during the period of insurance a1juBtments an~ repair and reconstruction. (b) If the lnsurance proceed. are insufficient to repair and reconstruct the improvement(.) I and if such damage ia not more than seventy percent (701) of the total replacement cost of all of the CondOl'linitml. Unit. in this Project, not includin9 land, such damnge or destruction shall be prOllllptly repaired and ceconstructed r.y the Association ·81i attorney-in-fact, u81.n9 the proceed Ii of insurance and the proceedl1 of 8; sp(!cial l!IlISeS61'U'!nt to be made against all of the ()\(ner8 and their Condominium Unit.. Such 8P (2' Tor payment of taxem snd Ape-eisl .!!I •• emll_ente 1 il"!ru tn favor of B:ny 8gfJ~!!HJinq entit.y ~n.d th~ cU5tC1:'l.'H,"y ~Xp~n5ei!li ([.talEr, 79 0302°:-1 {J' IJ>,... .. P~Y;::':::Jt of L:i'iPJ 16 COIIl'lon e.t:penlle. and 411 costa, expenses and fees incurred by the A880cistion1 {4} for payment of junior liens and encumbrances in the order of and to the extent of their prioritYJ and (5) The balance re,.a1ning, if .ny, .hall be paid to the Condominium Unit Owner~ (ci It the intiut"ance proceeds are jnsuffici~nt to repair and reconsttuct the improvement( 6) I and if such damage is more than aevent1 percent (70\' of the total replacement cost of all of the Condominium Unit. in this Project, not Including land, such damage or destruction .hall be promptly repaired and reconstructed by the Msociation, aa attorney-in-fact, using the ~oceeda of inlurance and the proceeds ot '" special assessment to be made against all of the OWners and thefr Condominium Units, provided, ho",ever, that Owners representing an aggregate ownership interest of seventy-five percen~ (75') or more of the com~n elewents and at least sevent1- fi'!e percent (75t) of the first Mortgagees of record ,.ay agree not to repair or reconstruct the improveiliental and in such event, the A.s6ociation shall forthwith record a noticl! setting forth .uch fact t ~r' facts, and upon the recording of such notice by the Association • President and Secretary or Msistant secretary, the entire Project shall be solll by the ..... ""ci.tlon pursuant to the prov laion. of this 3ection, a8 attorney-in-fllct~ for all of the Owners, free and clear of the provisir;ons contained in thi.e Decla.ration, the Kap, ~rticleB of Incorporation snd BylawlI.. Assessllents for co.aon !xpenaes shall not be' abated during the period prior to sale. The lneucance &-ettletflent p-t'"ocee'ds shall be collected by the ,...aoci !tic-o J and ftuch proceeds shall be divided by the Association iccording to each Ovnerts interest 1n the common elellentfJ., &nd luch divided proceeds shall be paid into sep~rlJ.te accounts, each 3uch account representing one ot the Condominium Units. each luch acco:.mt shall be in the name of the A.s50ciation, and ahall 0e further identified by the Condominium Unit deSignation and the ll!me of the OWner~ Prom each separllte account the Association, is aLtorney-in-fnct ghall forthwith use and disburse the tot&I lmount of eDch of such sccountl p without contribution frolfl one tccount to s:nother, toward the partial or full p.:lyment of the lien of any first l1ortg&gee encumbering the Condominium Unit :'epresented by such separate account.. Thereafter, each such tccount Dhall b~ supplemented by the apportioned a~ount of the Jroceeda::. obtsinea frOM thE sale of the entire Property~ Such l lpportionment shall be ba&<1 upon el!ch CondominilJlm Unit- Q!.!ner • interest in the C011Ill'§{)n element.~ The total funds ot ea:ch account lhall be used snd disbursed, without contribution, from. one account to another by the A&S.Qcistion v 85 Bttorney-in-fact, tot' the BamE' purposes and in the BBIIIE' oreer 51!! 11l provided in Bub8ection (b) (1) through (5) of this Se-ctlon~ In the event that the OlnttlBge i6 to bE repaired or reconstruction iJ& to be lIilade then th'!'? pt"ovi.tdons of Je-:tion 27(b) shall apply. (d) Tn@ ~nflt'lil repLefi~ntinq an tJqg["eg13te owner&hiv lnter~ ~~t ot eighty p~rc@nt (~Ot) or ~or6f of the common el~ent. in this ?roject mRy ~gr~e th&t the common $1~0ntB arm obmol€tq Bnd adopt 8 ')l"n for th~ r4lnf"'wSil and reconlltruction, Which plan Must have the ipprovml ot ~t l~a£t eighty percent (SOt, at th« tLrJt Xortqaqees of .:@cord &t th" time ot the! &doption of If!uch plan. It" plan tor the ~en.w&l or reconstructi?n ie adopteat notics ot such plans shall b. :ecor6ed , and the @xpenm. of r@ne'll!s.l .and reconstruction shaLl be Jl'ly~b18 by all a! the Chtnet"$ 1!lS" .& co~n expense. ""h~thE'r or not ::.hey hav0 pt'"llviou;;ly C'onacntl!d to thE plsn ot ren'l'tW'sl snd rt'~con nruction. ThOi'; Jq:u:oci~tlor'j( lU £ttot'nGl'y-in-ia-ct, ghall have the _-'____ • .-... __ ' -C e'· .. __ -....,_"~ __ " "'-"' ... ~.i ..-,.,~ ..... ,,'O_____ ,..... ~~ ...... =.... abe.olute right and power to sell the Condominium Unit of liny Owner refusing or failing to pay such a8~e88ment within the time provided, and if not so paid the Association shall cause to be recorded a. notice that the Condomlnl"", Unit of the delinquent Owner .hall be 801d by the }\good.tlon. The delinquent Owner sholl be required to pay to the ..... oclation the costs and expenses for filing the notices, interest at the rale of ten percent (lOt> per annUTI, and all reasonable at torney t s fees. The proceeds der ivee! from the s.ale of such Condominium Unit shall be used and diSbursed by the Associa tion, 4S attorney-in-fact, for the same purposes and in the same order ". is provided tn subsection (b)(l) through (5) o[ this section .. (e) The Owners representing an aggregate ownership interest of eighty percent (80\) ot' more, of the corrmton elements may agree that the CondominiuM Units ar~ obsolete and that the same should be acld. Such plan or agreement must have the approval cf &11 of th~ first Mortgagees of the Condominium Units. tn such instance, the Association sha.ll forthwith .:ecord a notice setting forth such fact or facts, and upon the recording of such notice by the Association's Pr:esident and Secretary or Assistant Secretary, t~1f' entire Project shall be sold by the Association. 45 attorney-in fset, for all of the Owners, free and clear of the provl!!.lona contained in this O 26. Condemnd t ion. I f .IS t any time or times dur Ing the con- tinuance of the condominium ownership pursuant to this Declaration, all or any pllrt of the Condominium Project sh .... ll be tak.en or con demned by any public authority or sold or otherwiSE: disposed of in lieu of or in dvaidance thereof, the £0110 ..... ing provisions of this Article shall applYI la} ProceedS. All co=pen8ation, da~1I9cs or other proceeds ther"efr01lD, the Bum ot which is hereafter called the ·Condemnation Award'" shall bE paymble to the Asl5ociation~ (b) Coaplete TaKinq~ (l) In the event tha.t the entire Project is taken or conde.n~, or sold or othend.st!! disposed of in lieu of or in lfivoid enC0 thereof, th@ condominium ok'n~rfj;hlp purSu8nt hereto shldl tflr,,1dntilte. The CondemnSltion Award eh&ll ~ apportioned among th"3' (Mnttrm on the sam« balili of .,&ch Condooinium Unit Ootner'", interel!H:' 1.1 the common elements, provided hovevflt', th&t if SI standard dif f@rent frOM th~ value of the prop~rty &$ & whole is employed a8 th~ Jlfieallure of. the Condemnation Award in the neqotiation, jUdicial decr." or otherwise, then in CleterflEining sucn aharet£ the name !!t.1ncard .shall De employed to the extent it is relevant ana "ppli c8bllfj~ (2) On the basi. o( the principle lillft forth in the l.ct pr«,c~dinq paragraph, the Msoci&!tion t:h,elll 8;16 soon .'lit prac t.ic.:atll"l! Q each OVner is e.ntltled~ Such shareli shall be pa id into separate accounts and diSbursed as 8<)on a6 practicable in the 8ltOe manner provided in Section 27(b)(1) through (5). (c) Partial Tokin'!. In the "vent that 1" .. than the entire CondominIUm proJect i£ taken or condemned, sold or otherwise d ispased of in lieu of or in avoidance thereof, the condominiua ownership hereunder shall not terllinate. Each Owner shall be entitled to a share of the COndeutnat!on Award to be deterJlined in the following Jlltannerf aB 800n 48 practic&ble the Association shall reasonably and in good faith, allocate the Condemnation Award between cO~?ensationt damages or other proceeds and shall apportion the llPtounts: 80 allocated among the owners a8 tollows.: (i) the total amount allocated to takin<; of or injury to the common elem.ents, shall be apportioned among' the Owner. on the basis of each Owner's interest respectively in the common elements; (ii) the total amount allocated to severance damages shall be apportioned to those Cando ~inium Units which were not taken or condemned I (iii) the respectiv. Jl'~ountfJ allocated to the takinq of or damaged to a particular Unit and to th~ improve~entB an ~er has Eade within his ovn Unit shall IY apportioned to the particular Unit in~olved and (iv) the tot"l amount alloctl!ted to consequential daJIages and any other taking_ or in;uries shall be apportioned ~~ th~ Aasociation detet"'Mines to be equitable in the circumstances or a. deter.ined by judicinl decree. lf the allocation of the Conde"IM,tion "word is 8lready established in negotiations, judicial decree or otherwise, then in allocatinq the Condemnation Award thl(! Association shall employ such allocation to the extent it is relevant and applicable. Distribution of apportioned proceeds shall be disbursed 48 800n as practicable in the 8ame .anner provided in Section 27(b)(1) through (5). (d) The Association shall timely notify elich fLt'Bt Mortgagee of .any Condo~mlniu1fll UnIt of the commencement of the condemnation proceedings or eminent d011lain proceedings and shall notify said Mortgagees in the event of the taKing of all or any part of the common elements, if the va.lue of the common elements taken e~ceed5 $10,OCO.OO~ 29. ReorgBnization. In the event B partial taking results in the taking of a complete Unit, the Owner thereof automatically shall cease to be a member of the Association, shall cease to hold any right, title or interest in the remaining com:mon elements and shall execute any and all documents necessary to accomplish the same. Thereafter, the Association shall reallocate the ownership, voting rights and assessment ratio in accordance vith this Declara tion according to the same principles employed in this ~clarl!tion BIt its inception and sha.ll submit such re.allocation to the Owners and to the first I>k:1rtgagees of all remaining Units for amendment of thia Declaration as provided in Section 19. 30~ Reconstruction and Repair~ Any reconstruction and repair nece8S i tIlted by condemna. tlon sh& r 1 be gove ('ned by the procedures specified in Section 27. 31. R@gistration of M8ilLnq hdd~e2~. Each Own@r Ih&ll register his Mailing addrt!s& and t.he nltme and a6ctre~s of his tirg,c Mort g.-gee, it any, W'ith the Asmocistion Bnd notices or demands in tended to l>e a(!!t'ved upon $In O""TH'~r lthlllll bi'! Bert by IDatI, post&ge preps.id, addressed in the na!!lle of th~ Chm-er and first Kortg.!!:gee at l!!iuch t:":l!gi-'t@red 8ddre.l.~ Copies of ituch notlct!£ ahall ~ sent 1.:0 !ir.t t'Iortgag3Gl'\ in .. like mannrn:", .,,,ct!!pt w-hlSn such notic@1I ~rtl!in to Rl~tt~rs sp-eciticlJIlly relatinq to Xortgagee(a), in which case luch notice shtlll1 be a • ! 79103020 02/ 32. r-eriod of Condominium O...,nership. The separate condominium estateS created by this DeclaratIon and the ~p shall continue until thi£ Declaration i8 revoked in the manner and as provided in S~ction 19 ot this Declaration or until teCJILnated in the Klanner and as is provided in Section 27 and 28 of this Declaration. J3~ A.ssessment Re8erve~ and Workin ell; ttal Account. E1lch Ovner other t an t e Dec arant, 8 8 e requlre to epos t at the time of initial purchase and thereafter to maintain with the A.so cI. tion a sum equal to two (2) times the amoun t 0 f the odq Ina 1 estimated monthly common expenl§1!! 41l1e58tT1enta: which 8um shall be used by the Board of Managers 88 a reserve for paying such Owner' II common expe 15e assessment, for capital repairs and/or replacements, purchase of equipment and for extraordinary common expenses. Such advance payment shlill not relieve an Owner fro~ making the regular rlonthly common expense assessment .as the same come due. Upor. the sale of his Condominium Ur.it, an Owne~ eh611 be entitlea to a credit from his grantee for any unused portion thereof. failure- to 80 maintatn said fund shall constitute & default on behalf of an OWner and the Association shall be entitled to proceed under the remedies grantE:d to it 1n Section 18, supra. Any interest accruing on such d~posit shall not be required to be distributed by the Association. Bo~everf such interest if sny, for tax purposes is hereby recognized snd declared to be s. constructive receipt received by an Owner. 3.. REstrictive Covenants and Obligations. (s) Subject to subs.ction (b) hereof, the Projec', is hereby restricted to residential dwellings for residential use and us-es related to the conv~nience and enjoyment of such residential use. No residential Buildings other than Buildings sho~ on the Map shall be erected or constructed on the property except by vote of the majority in interest of the Condominiu~ Unit Owners. No struc tures of II temporary character, trailer, basement, tent, shaCK, garage, barn or other outbuilding shall b~ used or permitted to be k.ept or stored on any portion of the Project lOt any time either temporarily or permanently. {b) Notwithstanding any proviSions herein contained to the- contrary, it shall expressly be peneissible for the Declarant, hill agent, employees and contractors to use and maintain, at no COllt, during th~ period of construction and sale of the Condominiwa Units, upon such portion of th. Project 88 Declarant may choo •• , includinq any of the recreational facilities, such faciliti@s IUli in the 801@ opinion of the Decllllrant may bl'!' reasonably required, convenient, or incidental to the con6truction and sale or rental of CondominiUJll Unita, includim, but without limitation, 2Ii business office, etorBge area, construction yards, signs, model units, s&les office, conatruction office, parking a~ea5 and lightinge (e) No Bnil'fl.al., liveflitoc!r. or poultry ot any kind &hall b(t rid.meo, br~d or kept on the Pt"oject, except thtlt not ",ore than one doq, cat or other household ~t W'eighing not: more than ten (10) poundl!!i Jilsy be kept ~r Unit1 provided, how-ever, thet the right to Keep II. hou"~hold pet shall b (a' NQ l'Jovf3'l:'titling tl1qnli, (except 111m ~rmitted in cert.ain .tt"«I.G1fl petiodic&11y d"':'5lgn&te6 by th4f A¥.l5ociation l ll Board of Mana: q~r.), unctqhtly objects or nuis4nce~ &h~ll be ~rected, placed .,,. petlUitted to remain on the Project, nor ahftll the Project b .. in any way or for any purpose which mal endanger the health or i. ..uJt!!onably disturb the Owner of any C.ondominium Unit or any ,.aldent thereof. Further, no business activities of any kind whatever ahall be conducted in any Building or in any portion of the Project except thos" permitted by 10., and the Board of Manager. : the exercise of its discretion fIlay be inconsistent) and unl)' if .Juch activ 1 ties are categori1ed 4& iIiIhousehold occupations'" 1 pro "ided, however, that the foreqoing: restriction shall not apply to the ~busine8s activities, Signs and billboards or the construction .!ind maintenance of Buildings .and improvements, if any, of the J.eclarant, its sgents, contractors and assigns. during: the sale and rental per:iod .. (e) No nuisance shall be allowed on the Condominium Project, nor any use or practice which is the source of 4nnoy 'lltnce to residents oc which interferes with the p~l!ceful enjoym-ent .)'t' possession and proper use of the Project. by its cesidents .. U1 parts of Project shall be kept in a clean and sanitary condi tion, and no rubbish, refuse or garbage be allowed to accumulate nor any fire hazard to exist~ (f) ~o immoral, l!'!tproper, offensive or unlawful USe ahall be permitted or made ot the Condominium: Project or ani" part thereof. All valid laws, ordinances and regulations of all governmental bodies having jurisdiction shall be ob5erved~ (g) Except for those improvements: erected or installed by the Declarant, no exterior additions to, alteration. of or decoration of any Buildings, nor changes in fences, hedges, walla and other structures shAll be co •• enced, erected or aaintained without the prior written approval o[ the Association's Board of nager's. (h) No commercial type vehicles, campers, trailers, boats, recreational vehicles and no trucks shall be stored OC parked on tr.e common eleme'ntn nor «hall they be parked on any common driveway except while engaged in t~an8port to or from a BuilcHng. further, doors to any ':larlllges shall b~ kept closed at all times except during ingress and egres&. (i 1 Ab.1'lndont!d or inoperable automobiles or vehiclt!5 of any kind t except as hereinafter prOVided, Shall not be stored or p&rk.ed on any port ion of the Proj ect.. An" abandoned or inoperable vehlclE~ shall b@ defined as any vehicle which has not been driven under itc own propulaion for a period of three {3} weeki or longer,~ provided hOWoeVEt", this shall not include vehicles parked by Owners while on vacation. 'A written notice dee.cribing the "abandoned or inoperable vehicle" and requesting removal thereof may be personally served upon the Ow'ner: or posted on the unused vehicle and if such vehicle hall not been removed within seventy-two (72) hours there after, the Association sh!ll haVE! the right to remove the same without liability to it, and the expense thereof shall bE' charged against the Owner. If such Owner shall be B memb~r of the As laciation, the cost thereof shall be added to hia nex:t lISI!!-~g8ment Que .. (j) Nothing shell b~ done or k'e-pt in Eny Condominium Unit ot:" in or on thE common e-lement:e v ot" any pllrt thereof, wnich would reflult in the cancelletton of the infiuronce on the Project, u. ::~y n"'''rt th~t'~of, or increase in the cat.e of in6ut'lince on the Project or any pllrt thereOL, Ove;:: 'i71.;:,t t"";;"' r\f:~oci""tion, but fot' lIucn activity, \ffould pay, .-ithout thE prior 'W't"itten llIpproval of th~ A... ociation~ ~othif'lg !'ohvll be') donO!! ot' kept in any Condo JIliniUJ!l!l Unit or in or on the cO'mltlOn eleMt'Dt5, at" any part the-ceo!, -24- 79103020 wbich would be in violation of any statute, rule, ordinance, regulation, permit or other imposed requir~ment of any govern mental body. No damage to or \taste of the common elements, or any part thereof, shall be committed by an OWner or by any member of the OVner'a family or by any guest, invitee, t~nant or contract purcha&er of an ()o.(ner and each Owner aha 11 indentn i f Y and hold the Association and the other Owners harmless ~lainst all loss result ing from such damage or waste caused by him, the members of his family, or his gUEsts, invitees, tenant or contract purchasers. (k) Without the prior written approval of the Associa tion, no nev exterior television, radio or other communication ante,lnl!ll! or aerials of any type shall be placed, allowed or main tained on any portion of the common elements 0r the Project. (1) The Olfner of a Condominium Unit shall have the right to lease his Ccndc~inium Unit under the following condi tions: (1) No o,.,ner may lease less than his entire Condo- miniUlll Unit1 (2) All leases shall ~ in writingl (3, All l~ases shall provide that the tenas of the lease and lessee's occup~ncy of the CondominiuM Unit shall be subject in sll respects to the provisions of this Declaration lind to the provisions of the Article. of Incorporation and Bylaw. of the Association. Any failure by the lessee to comply therewith shall be & default under the lea.... Any Ovner ",ho l ... se. hi. Condo.iniulf! Unit sharI, within ten (10) day§ aiter the execu tion of such lease, furward l.iI copy of the same to the Association or the Association's Managing Agent. (4) except for a first Mortgagee in posfSt'!!"ssion of a CondOTl'linium Unit following the default under its Mortgage or in connection w-ith foreclosure proceedings or any deed or other arrangement LI lieu of foreclosure proceedings by such first mortga:gee, no Owner mBy lease his Condominium Unit for transient or hotel purpoaes. (JII) Without the prior written approval of the Associa- J tion 1§ Board of Managers, no Condominium Unit within the Project gh&ll be permanently occupied by any person under the age of sixteen (1;:i) year •• (nJ No Owner of a! Condominium Unit I5hall regul~r.4y conduct any retailing acti.vities, sales or offer of Bales of any articles whatsoever within either their Condominium Unit vt" the common elements within the Condominium Project. (0) Additional and supplementsl rules nnd regulations jWl8lY b(ll adopted by the Board of H..&n8gEn~ concernif)g and governing thct USE' cf the 9l!tnFt'al and limitt'td common elements; provided, how~vl8ir" that such rule. and t'l'!'gulstions &hall be furnigh~d to O\1!'nerli p't'ior to the tim-s that they beCOT'l'lC effective and that such rules snd regulatione shall be uniforM and non-discr:illllnatory 4t,;capt to the extent the Soll:rd haG di1ic~etiona("y rights 8peci{i~ cally qiven to it in this Decl&ration. 35. ~16ociation R[qht to Acqutr« Additional Property. (s) Tl:li So:srd o! Xtiriil'1'n.:-S Ili\ay acqulr0 and hold Lor thE! of. .at1 of th~ C::;lrtdominium Unit. Ownet'li tang ible p (b) The Owners of the Condominium Unit. described in Exh ib i t B shall have a perpetua 1 non-excl UB i ve easemen t in common with all other Condominium Unit Owners in this Condominium Project, on, over 4:'1d across driveways and extensions thereof which are located on the Condominium project for purposes of ingress and egress to and from the Units frOfll the public street which adjoins the CondO'l1llinium Project and any other COi'\.JDOn element 60 deSignated on the Mllp or KapSJ subject,.. however, to reasonable regulations adopted and am~nded by tne Association. 36.. Recreational Amenitiess Declarant acknowledge. that the Project contaIns the following recreational facilities, which .ec~ part of the common eleffients~ pool, Clubhouf'"e containing sauna, ~rkout rOOM, recreational room, party rCOGf and lake.. Said facili ties shall only be available to the residents of the. CandoainiU1lili Onits w:"thin the Project, {i.e., the Owners or the Owner's Lessee's and their gue.toi. He; "p"cial or additional feea shall be charged for u •• of •• id facilities. 37. Condition of Pr.mi.... Any (Nner who acquires title to a Condominium Unit trem the Declarant hereby acknowledges and agrees that the Declarant makes no warranty 85 to th~ fitness of said Condominium Unit or the electrical,- plumbing, heating and air conditioning systems sit:.uate therein. Purthermore, Declarant does not XQa)ce any warranties concerning the structural integrity, footings, foundations or roofs of the Building, or th~ condition and operation of the swimming pool, recreational building and other facilities. 38. G~neral Reservations .. (8) Notwithstanding any other provisions expressly or ift"plledly to the contrary contained in this Declaration, the> Articles of Incorporation or Bylaws of the Association, Declarant reserves the right to elect the Boltrd of Managers of thE! Aa8oci.ation until 411 of the Condominium Unite: in the entire Project have been conveyed,. or December 31 t 1985, vhichever first occurs .. (bJ Notwithstanding Bny other provisions Qxpresgly or illpliedly to the contrary contained in this Declat'litLon, Oec lsrant telJer'lfea; th" exclu8ive right to act /!Iii or appoint and discharge, from time to t.me, the Kanaqinq Agent until Dec:'arant convt!lym 811 of said CondominiuM Units in the Condomin.ium Project, or DEtcef'l!l'~r 31, 1985, whichever first OCCUr;fl. 39. Reserv4tion to Enlarae and Supplement CondominiUM Proiect; {Ii} Declarant, for i.tsel!, itB ~UcceEgO:':'l Bod I"!if'll!Li9ntrl~ f!!xpt:'l!I&aly relServelli at .any tim~ prior to December 31, 1985, the right to enlarge this Condominium Regime by submitting additional real property (\::!hlch is 6t'!Acribe-d on exhibit 0 attacht!d hereto and incorporated herein by reference' and improvement'" Such additions shall bE expt"e~8e6 in and. by :. duly t"ecot"deo Supplement. to this 06claratlon snd by filing fot:" r6!cord an additional section or supplement to the Map. The reference to the Map and D-ecll'tration in any instrument shall be deemed to include any supplements to the Map and Declaration without specific reference thereto. (b) S~ch Suppleo:.. nts to th is [)eclu a t ion aha 11 prov ide for 5 division of such additionally submitted real property and improvements into CondominiUlll Units.. Each Unit shall bf" separately 1esignated, and .ach building shall be identified by ,J 8ymbol or deaignatlon dissimilar to any other bullding in the Cndomlnium Project. ThE undivided interest in and to the common elements appurtenant to each such Unit liha.ll not be a part of thE C'OfU'fllOn elements of the Condominium Units described and initially created by this Declaration and the Map nor a part of the common elements of !Subsequentl y submi t ted Condom in i Unl Un i tJq pr~y ided, however, that .11 Owners of CondominltM Units In this Condominium Project shall haVe & ncn-exclusive ~!ght in cornmon with all of th~ other Owne~s to use the sidewalks, pathways, driveways, recreational facilities alsd 1.11 other common elements within this entire Condominium Project BO den1gnated 011 the MlJP and all lU'I'Iendments and Supplements thereto. (c) Except as fIIay be otherwise provided by the p1:'ovision of such Supplement(s) to thi. Declaration, all of the prOVisions contained in thia Declaration shall be applicable to !lluch additional Cor~o$iniua Dnita submitted to this Condoainium Re9i.~. (d) A& additional Cond01lliniwo Units ore subMitted to this Condoalniua Project, and in order that the colKtDOn ex:penses of this Cond"'" in iUllO Project be shared proportionately and equitably by the Own~r& of the Initisl Condo11liniuR Units and the Owners of all additional CondoBlinlun Unita, the CO'BlIIOn expenses for each Unit wit.hin the pt"oject sr.all be deten'llined by TOulti.plying the total amount of Funds needed by a fraction, the numerator of which is each Unit*& percentage of responsibility and the denominat!)t" ot which is the aggregate of all of the pe:rcentBges of responsibility assigned to all Condominium Units. Further, eAch Condotciniulllt Unit, regard leB8 of the number of owners., Shall be entitled to on(~ vote for all purposes hereunder ... nd shall not change by the enl..'lt'gement of the Condominium Proj'!ct or other'Wi5e~ (e) Each Owner shall have the non-exclusive right, to- gether with all other Owner., to u&e all common e:lementa, opEn spaces, recreational facilities, grass end landecapinq Breas and all other ar-e •• in the Reg ime .mich are not here in Speci.fiC4Uy dedi cated to the uaE: of less than sll of the Owners.. Thill easement shall be irrevocable and 511.'111 bf'! for the purposes of egress end ingreJls, recreational and social use and Bhall apply to all property he rea. iter cO'II'Imi tted to th i5 Condo~iniUSl Reg ime ~ (f) It i8 contemplated that additional lands reflected on exhibit D ~ill ultimEl.tely be committed to this k.egime, but thft Declarant, itl. s:ppointeel1, SUCC~lIid!i.ar!l and lUllliligns r !Ihall hli!ve no &"firJ&ative obligation to do 80. nut rightlt of the Declarant, lt~ appointael, lucce5sors and .'lI5siqns, /11.5 des.cribed in Pllragraph 3Sl h«-t'tlof, mhall apply to all propertie£ which .are .5Idded to thiru R~gi;tl@ in $c::ordancs ',,,d,t~ t:'le~.>:;; pr:::::-J~"',£Qn~ ~::'13tij\g to ~nl,!!rg'!!'!I'I~f'\t thereoL TherE'!tore, by 'PelJ.y of ex""ple, Declar",nt shall manage the :llnti'r~ C:)nccminitml Regime until :t\uch ti!!ll~ as eighty (80t) of the Con.6ogeiniu~ Units in the entire Project 8$ enl&rged, fro!!ll time to ti~f ~rt convey~d~ 40~ ,l\cceotsnclt of Provisione of All Docul9'H!'nts. Th« convey- :Jl:nCll 0':' ~n::t:mbrJnc::i ct " C:c!'1do~ln1u= Unit zh,,11 be deemed to includ" th .. (icc",ptanc~ of !'ill of th4l' provi.zionti of thlfl [)tyclara tion, th~ ~rticl~c of Incorpormtion ~nd AS50ciation Bylawg and r 791030211 /f Rules and Regulations and Manage.ent A.greem~nt and ahall be bind tng upon each grantee ""ithout the necessity of inclu&lon of such an express prO\f lalon in the instrument of conveyance or encumbrsnce .. 41. General. (4) If any of the provisions of this Ilremainder of this Declaration, and the application of any such provision, Section, sentence, clause, phrase or word in any other circumstances shall not be affected thereby. (b) The provisions of this Declaration shall be in addition to and supplemental to the Condominium Ownership Act of the State of COlorado and to all other provisions of lav~ (c) That wnen .. ver uued ht!rei:1, UNless thE context shall otherwise provide, the singular number ahall include the pluLJ,l, the plural the singular, and the use of any gender shall inclltde all g!'nderfL (d) Section titles are fot." convenience of reference and ate not intended to limit, enlarge or chanqe the meaning of the contents of the various sections. IN WITNESS WHERP.OE', I>eclarant has duly executed this Declara tion this 1.!!L day of Hoyerrger ,A.D., 191:1. GOLDeN GRaUl?, '~llfO i& General partner.hl~~~ By, ~:::::::/~~:::::::::. ~;:'7 ..- ): .'1,) / .-.J ", -.. _ '. : " , ST~TE OF COLORADO " . ( .: r; OSt " ':- City '- County OJ: Denver ., , , 1 .' J ! The aboVe and foregoing Declaration "'as subscribed and· 5'WO~.J to beforo .... this -llh. doy of ~oyember , )\.0., 1979, by .j ) •. >-. Kenneth E. r\fen a~ ..Gen,eraJ partner ot GOlden ... · G~oup, a C& lforn~a General Partnership~ My commission expires: .- ~Iota~y PubliC /-~ . t·~·/.,.~" 1510302~ .,.-:,. ~ .r; ~ , eXHIB IT A TO CONDOMINIUM DEC~ARATION FOR GOLDEN RIDGE CONDOMINIUMS LeGAL DESCRIPT!ON A part of GOLDeN RIDGE, a Planned Unit DevelopKlient plat recorded in Book 40 at Page 31 of the Jefferson County Records, which is part of the se 1/4 of Section 3, Township 4 South, Range 70 ~est of the 6th Principal Meridian, City of Golden, County of Jefterllon p Stste of Colorado, more particularly deacribeo a. follo",.! Colll1l!encing at the SOutheast corner of the SE 1/4 of Section J, Township 4 South, Range 70 West of the 6th Principal Meridian: thence N 89"48'2611' W (based on the l.ast line of the Sf! 1/4 of said Section 3, hsving a bearing of N O~24'OO· w, as defined by the Colorado State Bigh".y Department in Book 699 at Page 256 of the Jefferson County Record.), along the South line of the SE 1/4 of •• id Sectlon 3, 1,289.22 feet to • point 25 feet East of the 814 corner of the se 1/4 BE 1/4 of sa.id g·ection 3, thence N 13-25'12" E, 123.27 feet to a point on a line, wi1ich line 1. 120 teet North ot' lind parallel to the South line of naid se 1/4, the true point of be~inning1 thence N 13~25'12· £, a distance of 579.24 feet; thence N 47 18 ' 08'" '14, a distance of lBQ~OO feetl thence S 89-41 '52- Wt a distance of '50.00 feet.; thence N 59-37'26" W, a distance of 250.00 feet, thenc.e S 47"30'05- W, ,& distance of 484 .. 36 feet to the East line of County Road '931 thence S 02~48143· e, along the east line of said County Road .93, a distance of 563~02 feet to a point on & line, which line is 40 feet North of and parallel to the SOuth line of sald BE 1/41 thence 8 89-48'26 P E, parallel with said South line, 305.03 feet: thence N 20·28'26- E, 85.29 feet to a point on a line, which line i. 120.00 feet North of anll pac.llel to the South line of asid BE 1/.41 thence S 89·48'26- Ev parallel with said South line, 268.17 fe.t to the TRue POINT OF BEGINNING, containing 11.434 acres mot'e or le.li. Togetha[ with an easement for i~gr~8g and egress and drainage de set" i bed a6 Ea semen t Ii, t:1d fII ub j ect to easement_ for ingress and egress described aB E:BlSeraents A, C, 0 1, e and F. f;ssel'lent At An easement (()t. ingres5/egreslli and drainage \Jhlch is part of the Sf: 1/'_ of ~ction 3, Township 4 South, RB.nge 70 Melt of th@ 6th Prlncip~l MeridLao, City of Gold~n, Courty of ..1@fferson, State of. COlorado, being llbOre particularly del5cribed enS f0110"'1: Commencing .It tho BouthliBst cot'net' of thl!! Sf 1/4 of Section J, Township 4 South, Ran'·" 70 \'feEt of the 6th principal Meridian, thenC0 N 89~4aa26m M (baled on the east line of the BE 1/4 of said Sect.ion 3, having a t>e.u:l.nq of g O~24'OO" W, 81. defin~d by t.ho Colorsdo Btllte Highway DepartMent in Book 699, at Page 2506 of the J.ff*r~n Counly ~cor6,), Along th~ South linE ot the se 1/4 ot .aid S4!'ction ), 1,289_22 feet to 4l point 25 feat East of the SW corner of the B~ 1/4 BE 1/4 of .sid Section )J thenc~ N 13·25112~ e, r 79103020 702_51 feett th~nce N 47*'S'08~ W, a dtstance of 180.00 feet: thence S 89&41 &52" W, &. distance of 60~OO feet; thence N 59"'37'26" Wr a diet.nce of 250.00 teett thence S 0'30'05" W, • dist.nce of 192,09 feet to the TrUE Point of Beginningl thence- continuing S 47G30~05111 W, S·L34 feet1 thence on Ii curve to the right, having a central angle of 39'01'02·, • radius of 170 te.t, an arc length of 115.77 0 111 feet, and 8 chord which bears N 63#>30 05 W, 113.54 feet, thence N 43'59'33· If, 83.97 feetl thence N 90'00'00· 14, 27.66 feet to the East line of COunty Road f931 thence Northerly along said East line, on a curve to the right, having ll! central angle of 04$22'12"', e ~.d ius of 802.68 feet, and .n arc length of 61.22 feet 1 thence 5 66$27'23- E, 16.81 feets thence on s. curve to the right, having a centro5l1 angle of 22·27'5011', a radius of 120 feet, an arc length of 41 .. 05 feet, snd a chord which beat'S S S5~lJ'28'Ol E:I 46 .. 7S feet)" thence S 4rS9'3J M Er BL97 teet1 thence on a curve to the left, having a central angle of 41°t9 f 04"', a radius of 130 feet, an arc length of 93.75 feet, and l! chord which bears S 64"39'05 11 E, 91~73 feet; tnence 5 85~i8f37001 e~ 30~11 feet to the TrUE Point of Beg inning ~ Eat>ernent 0: f\n e~3c:mf::,nt for ing'Ci"''1H/I'',]re',>I'', which ig P1':!!t"t of the SE 1/4 of Section 3, Tmmship • South, Range 70 West of the 6th· Principal Meridian, City of Golden, County of Jefferson, State af Colorado, being more particularly described a8 follo~BI CotJtm.encinq &t the SouthelAlSt corner !:If the BE 1/~ of S-t!ction 3: Township 4 South, Range 70 West of the 6th Principal Merioianl thence n 89""8'26" W (based on the r::ast line of the SF! 1/4 of said Section 3, having & be~ring of W 0·24'00· W, &8 defined by the Colorado State Righ~ay Department in Book 699 t at Page 256 of the Jeffersor. C:ounty Records) v alonq th@ South line of the se 1/4 of said S~ction 3, 1,289.22 feet to B point 25 feet Eaet of the S'W cornet' of the S£ 1/4 se 1/4 of. Baid Section J; thence N 13"'25'12" E, 702.51 feet, thence N 4r18'OS" W, a distance of lBO.OO feet; thence 5 89"'1 '52'" '14, li distance of 60.00 feet to the True Point of Begin nin .... eliB~l!ient c: 'A 2S toot ,",ide Com1'l'l@ncinq ~a the SOUthf"E!6t cornet' of the lH: l/<\i of S4)fction J r Township Jj 50uth~ Rlinge 70 West of tnt) 6th Pr. inc ip.'iil f4eridli.arn thence N S9~4g(26'" W (based on th~ EtJ;st line of the fE 1/"; of n&id Section J P having a ~"'rinq of. N O~2~'OO" Wi- as defined by the Co10r&00 Btllte Htqt':'<1tl.y Dep8.to tment in Book 699, at PagE" 256 of t\l(1 Jtsf.tel:'il!on County H·~cot"dF.», along the South lint: of the SE 1/4 of t:lid B~ct1.on 3~ 1 ,26'1.22 fe~t to & point 25 [~@t E8.&t of the BIN corn@r of th4 BE 1/4 Be 1/~ of &4id Section 3, thence N 13~25'12· E, Ii difbtanCf!'! of 702.51 fl/1!~t3 th@ncl!' ~ .t7"'H?'08" W~ & dLlIltsflce of 180.00 f4'f~t, tnl"lnc€ g 89~411S2'" ~. " dil!!.ttinc!;' oJ: 60.!JU rc<:'t} th"'::'nC'( }'ii 59"J7'26" W, a dist!lnctJ at 2~O~OO t:e~ti thenc~ B 41"30 6 05'" 1<, Ii. dill!t~nclfi: U[ 484.)6 f.eet t.o thtt £,2:]£':' line of.. County ROllO §9'J.~ 1 th'!"ncfI g 02"48 .(}" :e, ~ di,nt..s.nct' o{ 4~O.58 !~et to the True Point ot Be;ginni.ng) thence N 8'.~03'Oe" t:., 2}~.S·1 reet to a point of cun'l!i thenc@ along It curvIE< to th« right, hBving it c/!ntrs:l lingle' of 202·26'24<1'~ It radiut6 of S:LSO fe!!!'!"o, an t\lrc leoq:th of 189.(1). ic:@t,. find it chord which beat';G g 5~ t6' 19" ~f 10C'3f, feet! thence N 7J'30'30· W, 124.16 feetl thence S 64'0)'08" W, 102.77 fee t. to a point on the East line of County Road 19), which point i. the Point of Terminus. Easement 01 A 5 foot wide easement for ingress/egress, which i. a part of the 5E 1/4 of Section J, Township 4 South, Range 70 West of the 6th Principal Meridian, being 2.5 feet on each side of the following described centerline! Commencing at the Southea8t cornet" of the BE 1/4 of Section 3, Township -4 South, Range iO West of the 6th Principai Merldianl t,ence N 89'48'26" 14 (baaed on the East line of the 5E 1/4 of .aid Section J, having a t>..arlng of N 0'24'00' W, as defined by the Colorado State Highway Deportment in Book 699, at Page 256 ot the Jefferson County Records), 010"9 the South line of the 5E 1/~ of 88id Section 3, 1,289 .. 22 feet to a point 25 feet east of the SW corner of the BE 1/4 BE 1/4 of said Section )1 thence N 13'25'12" E, a distance 702951 feet, thence Pi 47·18'08'" W, a dista.nce of 180.00 feet1 thence g 89*'41'52"' W, a distance of 60.00 feetr thence N 59"37'26'" W, a distance of 250 .. 00 feet, thence S .7"30·0S fIl W, & elst.nce of 484.36 feet to the EaGt line of County Road 1931 thence g 02-.6 f 43'" E, 8. distance of 440 .. 58 feet; thence N 84"03 f Og- E, 234.91 feet to 8 point of curver thence along a curve to the right, having a central angle of 137·4.5~22·, a radius of 53.50 feet, an arc length of 12.9.63 feet, and a chord which bears B 27.04'12 011 e, 99.81 feet to the True Polnt of Beginning! thence B 48'11'31· e, 54.23 feet to • polnt on the South line of GOLDEN RIDGe CONDOMINIUMS, PHASE 1, "hich point io the Point of Tenalnu •• Easement e: A 25 foot wide easement for ingress/egress, which 16 a pllrt of the SF; 1/4 of Section 3, Township" South, Range 70 West of the 6th Principal Keridian, being 12.5 feet on each side of th~ following described centerlinef Commencing lit the Southeaat corner of the Sf 1/4 of Section 3 1 T:>WT1Ship 4. South, Range 70 West of the 6th Principal MeridianJ thence N 89~48126~ W (based on the East line of the SE 1/4 of sa.id Section 3, having a bEaring of N O~24tOO'" W, as d~fined by the Colorado State IHghway D~partment 1n Book 699, at Page: 256 of the Jefferann County Recorda), along the South line of the SE 1/4 ot smid Section 3, 1,289.22 feet to & point 2S feet east of the SW corner of the se 1/4 se 1/4 of Baid Section )J thence N' 11-25 f lZ- E, a dimtancE of 702451 feet: thence N 47·18'08" W, a distance of 180 .. 00 feet1 thence S 89·41 ~52· W, & distance of 60.00 feet, thence K 59-37'26'" 'W, a distance of 250.00 feet, thence S 47·30'OSle w, a distance of 434.36 feet to the east line of County Road .93, thence S 02·"B'43'" 1:, a distance of 0440~58 feet1 thence N 84·0)'08- E. r 65.00 fe@t tel the True Point of ~ginnin(n thence S 05·56'52- E, 129.97 fnt to • point on • liM 40 r •• t North of and parallel to th. South lin~t of ~&id BE 1/4, which point i~ th6 Point of T@t~inu§. Ett.a1rment Pi An easement fot' lngresejfJgr@lI& over and acroam all a8ph<~d drive~ays, which sr~ reflected am gener&l com.on element. on the Ccndomlniu~ Mnp for Golden Ridge Condo l'2ird.llmfii, Phlise I, for the Ownerll of Unit .. loc~ted in other Phases at Gol':1en Ridg<'J Condomini1111'1G an~ their fl!l~ilietJ;, invitees, guest£. and vif>1tor!l. 79103028 DHIBIT B TO ..3.3 CONDOMINIUM DECLARATION FOR GOLDEN RIDGE COHDOMIHIUMS In accordance with the provisions of Section 21 of the Condominium Declaration for aolden Ridge Condominiums, the Percentage of Responsibility for payment of conmon eXPE:'nse assessments assfgned to each Unit shai i be the same as the un divided interest tn the corrrnon elements appurtenant to the Unit as set forth on th;, Exhibit B. Th. re.l property submitted to condominium ownership is hereby divided into the follOWing fee simple estates: (0) One hundred ninety-two (192) fee Simple estates consisting of one hundred ninety-two (192) separately deSignated Units, e.ch such Unit being identified by number on the Map. (b) The remIlining portion of the entire premises referred to .s the common elements which sh.ll be held (in fe. simple) in common by the Owner •• each such undivided interest being appurtenant to one of the one hundred ninety two on) Units. Declarant does ""reby establish 000;' undivided interest in the cammo" elements appurtenant to each of the Units .s follows: Appurtenant Undivided Interest In CoMoon E1 elM:nts and Unit .!!2.:. Building No. PercentdQe of Resgonslblllt~ '01 9 .00606 102 9 .00449 103 9 .00606 104 9 .00449 105 9 .00449 106 9 .00449 107 9 .00449 108 9 .00606 109 9 .00449 111 9 .00449 112 9 .00449 113 9 .00606 201 9 .00652 202 9 .00469 203 9 .00652 204 9 .00469 205 9 .0046.9 206 9 .00469 207 9 .00469 208 9 .00652 209 9 .00469 210 9 .00469 211 9 .00469 212 9 .00469 113 9 .00652 -32- -" 19103020 3.5/ EXHIBIT B Appurtenant Undivided Interest In Common Elements and Unit Mo. Building ~o Percentage of Responsibility 201 10 .00652 202 10 .00469 203 10 .00652 204 10 .00469 205 10 .00469 206 10 .00469 207 10 .00469 208 10 .00652 209 10 .00469 210 10 .00469 211 10 .00469 212 10 .00469 213 10 .00652 301 10 .00652 302 10 .00469 303 10 .00652 304 10 .00469 305 10 .00469 306 10 .00469 307 10 .00469 308 10 .00652 309 10 .00469 310 10 .00469 311 10 .00469 312 10 .00469 313 10 .00652 401 10 .00652 402 10 .00469 403 10 .00652 404 10 .00469 405 10 .00469 406 10 .00469 407 10 .00469 408 10 .00652 409 10 .00469 410 10 .00469 411 10 .00469 412 10 .00469 413 10 .00652 501 10 .00652 502 10 .00469 503 10 .00652 504 10 .00469 505 10 .00469 506 10 .00469 S07 10 , GC-':::;~ 508 10 .00652 SO Appurtenant Undivided Interest in ConTI"IOlI Elements and Unit Ho. Building Na. Percentage of Responsibility 101 11 .00607 102 11 .00449 103 11 .00607 104 11 .00449 105 11 .00449 106 11 .00449 '07 11 .00449 108 11 .00607 109 11 .00449 111 11 .00449 112 11 .00449 113 11 .00607 201 11 .00652 202 11 .00469 203 11 .0:J652 204 11 .00469 205 11 .00469 206 11 .00469 207 11 .00469 20B il .00652 209 11 .00469 210 11 .00469 211 11 .00469 212 11 .00 469 213 11 .00652 301 11 .00652 302 11 .00469 303 11 .00652 30' 11 .00469 305 11 .00469 306 11 .00469 307 11 .00469 308 11 .00652 3J9 11 .00469 310 11 .00469 311 11 .00469 312 11 .00469 313 11 .00652 401 11 .00652 402 11 .00469 403 11 .00652 404 11 .00469 405 11 .00469 406 11 .00469 407 11 .00469 408 11 .00652 409 11 .00469 410 11 .00469 411 11 .00469 412 11 .00469 413 11 .00652 -35- 19103020 EXHIBIT B 37 A~purten.nt Undivided Interest tn Common Elements and Unit Ho. Building Ho. Percentage of Responsibility 501 11 .00652 502 11 .00469 503 11 .00652 504 11 .00469 505 11 .00469 506 11 .00469 SO' 11 .00469 SOB 11 .00652 509 11 .00469 510 11 .00469 511 11 .00469 512 11 .00469 513 11 .00652 -36- 19103020 .Jf EXHIBIT C TO CONDOMINIUM DECLARATION FOR GOLDEN RIDGE CONDOMINIUMS In accord.ance with the provisions of Section 4 of the Condominium Declaration for Golden Ridge Condominiums, the Parking Space Number(s) and Storage Space Number(s) •• signed to each Unit are as foll"wsl Unit No. Build ins No. Parkins - Storage 1 01 9 197 1 0 1 102 9 198 102 1 03 9 199 103 1 04 9 200 104 105 9 220 105 106 9 219 106 107 9 218 107 108 9 201 108 109 9 202 109 111 9 203 111 11 2 9 217 112 113 9 216 113 201 9 139 201 202 9 136 202 203 9 137 20] 204 9 1 36 204 205 9 116 205 206 9 117 206 207 9 11 S 20 7 208 9 135 208 209 9 134 209 210 9 133 210 211 9 132 211 212 9 119 212 213 9 120 213 301 9 96 301 302 9 97 302 303 9 98 303 304 9 99 304 305 9 11 5 305 306 9 114 306 307 9 113 307 30B 9 100 JOS 309 9 101 309 310 9 102 310 311 ~ 103 311 312 9 112 312 JIJ 9 111 313 401 9 104 401 +02 9 105 402 403 9 10. 403 TS!03020 ;j.1 EXHIBIT C Unit No. sdld ing No. ParkLn~ Storage 401 9 107 404 405 9 lOB 405 406 9 109 406 407 9 110 407 408 9 121 408 419 9 122 409 .10 9 123 410 4 11 9 12. " 11 412 9 125 412 413 9 126 413 50 1 9 127 501 502 9 12S 502 503 9 129 503 504 9 130 504 505 9 131 505 506 9 215 506 507 9 214 507 508 9 213 50S 509 9 l12 509 510 9 211 510 5 II 9 210 511 512 9 209 512 513 9 208 513 1 01 10 172 101 102 10 173 102 103 10 174 103 104 10 175 104 105 10 1 SS 105 106 10 1 ~9 106 107 10 190 107 lOS 10 176 108 109 10 177 109 111 10 191 1 I 1 11 2 10 192 112 113 10 144 113 201 10 165 201 202 10 164 202 203 10 163 203 204 10 162 204 205 10 69 205 206 ~ 0 88 206 207 10 148 207 206 10 161 20B 209 10 160 20g 210 10 69 210 21 i 10 147 2 11 212 10 146 212 4 , .., 213 iu ~:; 1 -'~ 301 10 65 301 J02 10 66 302 303 10 67 3D] 30. 10 68 304 305 10 92 305 306 10 91 306 )07 10 ~O )07 30e 10 16& 306 79103020 ¥t7 I!:XHIBI'I' C Unit No .. Building No. Parkins - 5 toraq'e 309 10 167 309 310 10 166 310 3 11 10 95 311 312 10 94 312 313 10 93 313 401 10 70 401 402 10 71 402 403 10 72 403 40~ 10 73 404 405 10 74 4"''" 406 10 75 406 407 10 76 407 40S 10 77 408 409 10 78 409 410 10 79 410 4 11 10 60 411 412 10 61 412 413 10 82 413 501 10 83 501 502 10 64 502 503 10 85 503 504 10 66 504 50S 10 87 505 506 10 159 506 507 10 158 507 508 10 157 508 509 10 156 509 510. 10 155 510 511 10 154 511 512 10 153 512 513 10 152 513 101 11 17 101 102 11 1 B 102 103 11 19 103 104 11 20 104 105 11 34 105 106 1 • 35 106 107 11 36 107 106 11 21 lOB 109 11 22 10~ 1 11 1 45 111 11 2 11 44 112 11} 1 1 43 113 201 11 25 201 102 11 54 202 203 1 1 55 203 204 11 56 204 205 1 1 6 205 206 1 1 5 206 207 11 4 207 208 1 1 64 208 209 1 1 23 20~ 210 I I 24 210 211 1 1 I 2 i , .:<~ j !. , . ·:t." ~ ." ., 19103020 .-... , ~/ EXHIBIT C Unit No. Bul1dins No. Parkins - StoraQe 212 11 2 212 213 11 3 213 301 11 57 301 ,,~02 11 58 302 303 11 59 303 304 11 60 304 305 11 42 305 306 11 4 1 306 307 1 1 40 307 308 11 61 306 309 1 1 62 309 310 11 63 310 311 1 1 37 311 312 1 1 38 312 313 11 39 313 401 11 50 401 402 11 28 402 403 11 51 403 404 11 27 404 405 11 31 405 406 1 1 32 406 ~07 11 33 407 40B 1 1 52 408 409 11 26 409 410 11 53 410 411 11 48 411 .12 11 47 412 413 11 46 413 501 11 13 501 502 11 30 502 503 11 29 503 50. 1i 49 50" 505 11 7 505 50G 1 1 8 50G 507 1 1 9 507 508 1 1 14 508 509 1 1 15 509 510 11 16 510 511 11 10 511 512 11 11 512 ~ 1 J 1 1 12 513 -- ---_._------~-- ..• -.. - 7!f03~ EXHIBIT D TO CONDOMINIUM DECLARATION rOR GOLDeN RIDGe CONDOMINIUMS LeGAL D~SCRIPTION PBI\EE II ~. part of GO!..DEN R!DGE, 8. Pl-!nned Unit ~"'elopment plat re corded in Book 40 at Page 31 of the Jefferson County recorda, which i. part of the BE 1/4 of Section J and NW 1/4 NE 1/4 of Section 10. Township 4 South, R3ng~ 70 West of the 6th Principal M~rid1an, J~ff@r8on County, Colorado, more particularly described as follov&1 Commencinq at the 30uthea.t corner of Section 3, Town.hip 4 Bouth, Range 70 Keot of the 6th Principal lIeddi,,"; thence II 69'48'26· II (b.sed on the East line of •• id BE 1/4, having. bearing of}lf 0·24'00· W, liS defined by the COlorado State Highway Department in Book 699 at Poge 256 of the Jefferson County Records), along the South line of the BE 1/4 of said Section 3, • distance of 1314.22 feet to the Southwest co~ner of the BE 1/4 BE 1/4 of Bection 3, which corner ia ,the TRUE POINT OF' BEGINNING, thence S 89"48'26- E, a distance of 25.00 feet, thence N 13*25'12- E, a Clist&nce of 123.27 feet to 8. point on a line, 120.00 feet North of and parallel to the South line of •• id SE 1/4; thence N 89'4H'26" W, 266.17 feet I thence S 20"28'26"" E, 85.29 feet to a point on III line, 40 feet North of and parallel to the South line of said SI! 1/4, thence N 89-48'26" W, parallel with said South line, 305.03 feet to II point on the E.ast line of County Road Ho. 931 thence S 02-48'43" E, along the East line of •• id County Road 193, • distance of 474.43 feet to a point of curvature, thence along a curve to the right, having a radius of 1956~82 feet, m central angle of 09°20'00., an Brc distance ot 318.76 feet to 8. point of tangency)' thence S 06"31'17" W, along the East line of said County Road 493, a distance of 71~40 feet to a point, 483.53 feet North (by perpendicula~ measurement) of the SOuth line of .aid NW 1/4 HE 1/., thence N 69'45'31" E, a distance of 506.02 fe~t to • point, 42.00 teet w•• t of the East line of .aid NW 1/' HE 1/4, thEnce B O·14'~9· E, pa<.ll.l with tho E•• t line of oald NW 1/4 lH 1/4 • dlstonc. of 265.16 foet, thene. N 89'29'43" II, parallel "ith tho South lin. of uid NW 1/4 HE 1/4, & distance of 183.00 feett thence S 0"1-4'29" E, parallel .,ith the f'!.5:st line of uid NW 1/4 NE 1/4, • distance of 175.00 feet to • point 50.00 feet North of the SOuth line of said HW 1/4 NE 1/41 thence S 89~29f~3" Ep parallel with the South line of Bsid N'W 1/4 He 1/4., a distance ot ?25.00 tut to • pOint on the E.1t lin. of sold HI< 1/4 Ne 1/41 thcnctl N O~14t29" W, &long the Eamt lin~ of said NW 1/4 Me 1/4, &. diBt5ncE of 1259.60 feet to th~ TRUt POINT OF BEGINNING, containing 12~275 aC~~$ mar! or lens. !XRIBIT 0 cont'd. ~EGAL OE3CRIPTION ~BASE III A part of the NW 1/4 III': 1/4 of Section 10, Town.hip 4 South, ~.ng. 70 West of the 6th rrincipal Meridian, City of Golden, County )f JeffersO"i St!t~ of Colorado i being more particularly described :u follow" Commencing at the Southe.st corner of the NW 1/4 HE 1/4 of •• ld 6 ;ection 101 th~nCe N 0 14'29'" W, along the East line of said NW 1/4 IE 1/4, a distance of 50.00 feetl thence N 89"29'43" if, parallel GOLDen RIDGE CONPOMIRIU~S TH.I\T, WHERE~S, GOLDEN GROUP, & California General P&t"t ne WHEREAS, in Section 39 of the Declaration, Declarant, for i:!3<::lt, tts succe£.sors and assigns expressly reserved the riqht to en~arge the Golden Ridge Condominlu= P~oj~ct by 3ubmittinq ad ditional real property and improvements to Cond.ominiUll ownership thereunder1 and I41lEREM, Declarant i. the O WHEREAS, Declarant wishes to submi.t to this CondominiUJlt the real property and i...-p-rovements descritM!d on Exhibit NOW, THEREPDRe, Declarant does hereby publish and declare that the foll~ing terms, conditions, covenants, easements, restric tions, uses, limitations and obligation. shall be deemed to run with the land and shall be a buraen and benefit to the Declarant, it" 8Ltccessor-i;' and IJIUJign& and any perBon acquiring or owning an interegt in the real property and improvements described on Exhibit .~., their qrante~fi, successors, heirs, executo~5f administrators, devisees or 688ig051 1. Division of pro~rty Into C6ndominiUlO Unit ... t.The real pt"~rty described on e,,;h1.blt Ai! including the impro'VelHents -thf!reon is hereby divided into 0"" hundred eighty (180) fu simple ..tatn Stl set forth on ~"h1b!.t ""13"', which it: 81ttached herttto and ineot' por3.ted by re-ttl"t:'''fce h~rt1in. 1!.ach liuch e&tstE! ahatl con.lllt' of. the 6eparately deaiqn&ted Units and the undivided interemt in and to the CO"mrlOn ele1llents &~purtenant to each Unit 3!1 set forth on f!xhib1.t "'13"", 2~ Lisited Co_on Elements: ft. portion of tn@" coMeon t'!le1!1"ente 6e§c::-ibed on the f'irgt buppleW!(!'nt to the Cond01l:initm!! "ap fo,;; Gclder1 R16gti ::o::domtnitJ!l1t!l1- i.s re.@r'l!~ for the- e-xcluld"e UfiC of the OWT1erll of the respective Onit~ lind- gucb dt:0b~ &t'@ refert:cl to am "ll:'!'ltte-d CO'IIIf'AOn ~l~entf"_ >.n1 blilccmy, pati.o or deck which is ('t1; !!SrI? liIcct!ellible fl::"o';;, atlsoc1.t.ted t:ith lAnd adjoin .. Unit shalt, without further 'Co1{erflncl® th.erlJto, be u.~d in connecti-on with lIuch Unit- to th@i> 8xclu6i.on of the UII« therw{ by th€ other o-wn.'C1fi 0(: th~ common &l.ment'~ t'Jtcept by invi.tstion~ Simil&t"l.Yt C"@,'C"ta.ln .'!i.:' 'c::,~ditioninq: equipment Which Iilay bEl sltusted on the- ""til-riot' '1(6111111 or roof of !! Building .00 which .h&ll .erve only on~ Unit" sh&ll b~ 8; lil'l'lttP,6 COffifflOl"i 001~I'H\t B~t't@n&nt to fuC'h Unit f!U'\d IlIt'itltll BOGS21Sl ::e :"'.!i:':'\~!:':,."!dr '!''!?air'!:! and o?et'a~l!d s:Jl':!.1:' '='y th'!!' :J""n'!r Ot' ()<.i':"l'!rs ;:;~ such Unit~ rU:-t.r.e:, cer::!:n ;ar: 3. 5u·.::1':;1-'!!"I~r.:: to Condoreir.ium ~!c: '=!1e F1.!:st SU'O':Ill!:'I'1ent. ~o th~ Co~~o~in~u~ ~a? de~l=:lng :he ~oc3:1on of ~ach Unit SUb~i~ted 'r,'!t'!by, botlo., hori:on~a!ly and v~rtics.lli'l ,;~g'!the.r with sacb oth'!'t:' info"",.:ion •• i. r.quired by the provisoons of Section 6 of th" Condo~ini~m D~clara~ion for Gold~n Rida~ Condomi~ium. shall be :,~~o!';~d ?rior ':.0 :.:,e: first -=~n·Jl!ya.nce o~! any o! th~ Units shown :he:ec~. Su:h ~ap shall ~~ ~er~~j MFirs: Su~?!~m~nt :0 Cor.do~i~ium ~a? :::f Gc~::e:; at'!::! Conco:\tini~5R. ,l.t:~r tr.e firs': Su?;:l-=m.en~ ';0 the ;::o:'1c::J::1i:1i-i.l1 ~a? and ~7.'! E'i:!:'s': ;'J;:?t~~'!nt :0 ';::~ Conc.or.:iniu.":l 'Veclar:a ':ion :?!' Col~~n Kidg'! ~av'! ~~~~ :il~d :0= =~=?r~ i~ ~~e offLce of ~h~ :l'!rk and Re:order of ':~~ Coun:y o! Je!f~rson, ~v~ry c~nt:act, deed, lE''lse, ~O~:S:3g'!, trus: d,,!,,!,<:!f ',.,ill or o':..!1'!r i~str'J!TIe~,: may 1'!9t11y c~s=ri:'e a -:ondo~:r:i.'.:rr: :1nit. as :0.1.10""5; Condomini-...:rn -Jnit No. , Bu:11ing No .. , Gcld~n ~:i.ag~ C-:>njomi.ni'Jms, in accor::'ar7e wi.th t;,~ D-eclaratio:\. recorded on Nov'!rr,b~r 13, 1979, at ReC'~pti.,n NO. 79103020 1 f~:,g,: St.::??l'!:n'!nt :'0 C'!c.!.ara:ion recorde1 on , 19_, at P.~c~?':ion ~~o# :::::-_-_-_-.:,--::-'r.::-.-~-"C-:a:-n--'d:-oom i nil.! m Mao r II! C 'J r C e don ~OVI'!:':1::r~r 13, 1979, at R.ecepti.:)n~ ~o. 79103021, and ~he first 5u??le~~r.t ':0 ':h~ Conco~iniurn Map !:"o!c"Jrd~d on ,19 , at ?eceo':l.on Ma. of t~~ J'!ffe::sonC::unty t''!cor~s, :og~:h~r w~:~ t~~ ~x:lu5~ve :igr.t ~c 1.!5~ ~~e !';:.llo ..... ir.g lirr.i~~d c":);'f\~on ~l~rr.'!;.:.s: ?arking s?~ce Zac':1 s'Jch o~5c:-i.?tion shall b~ good and :!uffici~nt !ot' all pur?Oses to s~l~f con~~YI ~t'an;~~rf ~nc~mb~r or other~ise a!~ect not only ~he Unit ~u~ also th~ a?pu~tena~~ limi~ed common el~m~~!s, ap9u~tenant u:1c:'vic'!d i~':":!t'es: ir. t.he =::::-;;;non ~1~me;.t5 lu".d al:!. ether ~;:put'~ena~-::. P::09e:::y anc prope:-"::y =ight:5 and inco;:";Jora':'! all of the ri-;ht.s and bur6~ns in=i~~~~ :0 :he o~ne=shi~ of a Condoniniuffi Unit and all ~he li'lti.':a':ion3 :.he:'eo!'\ a! c.esc:-iied i;'l :~"! J~cla-:Z!.tio:l, nnd ?ir~t. 5u?~1!'m~nt ';,':1"!=~":o, Ccr.~o!t.i;.!.'.;m !"lB? '1:-:-: firs: Sup?l~ment to t:-:e Contlo~i.rd.u;n ~S.? Z!lch DUCt'. des.c::i.j'ltio1"'. shall '.:::t-e corH)~ru~d ":.::1 include a non-'K,lu,Lvt ~r~~~~n: eor in,r~6' and R9r.,. to and tram t an O'.mer , Unit 5n6 !Je" ~f &11 th .. 1i1':"1--:,,01 COr:'\mon el .. ment~ A??Ur"" ten~nt :,:) £&i6 UnLt. as well a::. &11 th~ g'!nnr.sl common I!!lements. 4. Ea!!~r::~:,,:':S. £.1-:~ Owner shall havt! ':h" non"'~xcl1J!liv.w t:'ic;ht sed -;-aSe::'!'!r\t :og~t~~r ~it:h &'11 othe!' 0'A:1erfl- of Unit' lit Golden Ridg~ C::.:-:do~i:-".!.t.!rns ':0 use all ':he gener2 80052183 5~ Assessments for COfll1flOn !xpl!!'nl'.les:· The COftWOn eltpen6~ assessments for each Unit within the entire Project Bhall be detl!r- ":l. mined as provided in Section 39(d) of the Condomini"", Declaration 0,.,...1 for Golden Ridge Condominium •• 6.. General, (a) The pr~islo~. contained in this Pirst Supplement to the Cond01CiniU1ll1 Declaration for Golden Ridge Cond01linlu::IIB shall be in addition and supplemental to the provisions contained in the recorded Condominium Declaration for Golden Ridge Condominiums. All proV'i 8ion.~ of the CondominLt.mt Declaration for Golden ltidqe Condo miniU'ftls, and any amendments and supplements thereto, except those specifically BodLHe<'! herein, shall b. applicable to the re"l pro;>erty described on Exhibit "A" and incorporated by reference in this Pirst Supplement. (b) If any of the provisions of thi_ instrument or any F~=agraphi ~entence, clause, phrase or word. or the application thereof in any circumstances be invalidated, !Such lnvallCUcy tiBtl.J,.J. not affect the validity of the remainder of this Declaration, and the application of any such provision p paragraph, sentence, clause, phrase or word in any other cirCUMstances shall not be a.ffected thereby. (c) The pro"i.i"n. of this instrument shall be in addition lind supplemental to the Condcnainium OwnE'rship Act of the State of Colorado and to lil1 other provisions of 1 Zlt\t. (d) That whenever used herein, unless the context shall otherwise provide, the Singular number shall include the plural, the plural the singular, and the use of any gender shall include all qenders. !N WITNESS WHEREOr, Declarant has duly executed this First Supplftm~nt. to the Declaration for Golde;) Ridge Condominiu1'luJ thi .. ..1.tilL day of July , A.D., 19.-!l.-n. GOLDEl'! GROUP, • Cal ~~forn General Partne Lp ./' 8Y·~~;:~~~~~;3~;';:::::-GPnera~r __ ~~~ SThTJ': Of COLORADO u. City snd County of Denv~r Th@ forego tng i nlS trum~nt Notary Public, thls 16th day of 19 SO, by Kenneth E.G'reen of-COlden Croup. aa G 5 2 183 EXHIBIT " FIRST SUPPLEMENT TO CONDOMINIUM DeCLARATION FOR GOLDeN RIDGE CONDOMINIUMS Legal De.cription " part 'Of GOLDEN RIDGE, • Planned Onit Development plat, record ed in Book 40 at Pa,!" 31 of the Jefferson County recorda, which is part of the 5E 1/4 of Sectlon 3 and the IIW' 1/4 liE 1/4 of Sec tion 10, Township" South, Rantj6 70 'West of the 6th Principal Meridian, City ot Golden, County of Jefferson, State of Colorado, more particularly d •• cribed •• follows, Commef,cing at the Southeast corner of the BE 1/4 of said Section 3, TJwnBhip 4 South, Range 70 West of the 6th Principal Meridian, ther,~e II 89'48'26" \I (based on the East line of said 5E 1/4 h.ving • bearing of II 0'24'00" W a. defined by thE! Colorado State Rlgh""y Department in Book 699 at Paqe 256 of the Jefferson County Re cords), .long the South line of the BE 1/4 of .aid Section 3, l!l: dist.:mce of 1314.22 feet to the Bouth",eflt corner of the BE 1/4 5E 1/4 of Section 3, which corner i. the TRUe POINT OY BEGINlIIl'IG, thence 5 99.48 1 26- E, a distance of 25.00 feet: thence N 13"25'12- E, 4 distance of 123.21 feet to a -point on a line V'hich line is 12Q.00 feet North of and paral1~1 to the South line of said SE 1/4, thence N 89'48'26' 14, parallel with ""id South line, 268.17 feet1 thence S 20.28 1 26- e, 85.29 feet to.! point on & line 'dhich line i. 40 feet North of and I'arl!llel to the South line of &aid BE 1/4, thence N 89'48'26" 14. parallel with •• id South Hne, JOS.O} feet to • point on the East line of County Road 693, thence S 02'48'0' e, along the Ea.t line of 8816 County Road f93, " distance of 474.43 to 8 point of curvaturer thence alo~g a cu~ve to the right, having" radius of 1956.82 f."t, a central angle of 09·20'00", an arc distance of 315.76 feet to a point of tmng~nCY1 thence B 06'31'17" W, along the Ea.t line of •• ld County Road 193, a distance of 71.40 feet to 8 F::>int 483.53 feet North (by perpen dicular me.Burement) of the South line of the 11M 1/4 HE 1/4 of Section 10, thence N 89"45' 31 111 Z, '" distance of 506.02 feet to a point 42.00 feet "'e.t of the E .. t line of '.~ld lIW 1/4 It!'! 1/4, ther.ce S 0 1.'29" E, parollel with the Ea.t line of said IIW 1/4 HE 1/4, " distance of 265 .. 10 tel!!tr rhence M 89" 29' 43'" 14', parallel with the South line of said m4' 1/4 r ME 1/4, a di5tanC(~ of 183~OO feet: thencf: S 0".'29" E, par.llel with the Eafit lir.~ of .ald IIW 1/4 liE 1/4, 8 digt8.nce of 175.00 feet to Ili! point 50.00 feet Worth of the SOuth line ot uid I ~XCr.:?T § ps!'t of: 'l£id GOLDen J:t!DCE, til Plllnned Unit DevelopMent ~18t. bfJin<; morc n./Yrticulttrly df!llCrib6o Sa! follO'V!n: C01'M't4!1ncinq tit th-f< Southea5t cornfllr of a.et1en 3, TOWf1Ehip .4 Southf RM!ng@' 70 6 ;feet of thE 6th Princip&.l "lltridianf th@nC0 '" 89 48'26'" W t &lotlq th~ South line of I'§aid Section J, as dr.tlmce of '314~22 fC!ct to +:~!'t 1 thence continulng along the last described couru, .. distan"e of 64.15 feet to the True Point of Beginning, thence S 02"55'10' M, 51.39 feet, thence S 19'57'25· 14', 79.10 feet, thence II 26'08'50· W, GLOO feet, thence II 59'21'40· E, 12.40 feet, thence N IS" 31'H' E, 20.00 feet, thence II 71'2S'56" W. 43.41 feet! thence N lS'31'04" E. 24.37 feet, thence II 71'28'50· 14', 6.08 feet, thence II lS'31'04" E, 56.93 f~etl thence S '1'2S'56' E. 24.85 feet, thence N 18'31'0'" E, 2.54 feet, thenc:e S ,"28'56' E, Sl.04 feet, thence S lS'31'04"14', 11.80 feet, thence S 7"52'14· E, 14.79 feet, thence S 17'23' 54" 14', 20.36 feet, thence S 71'45'17· E, 38.51 feet, thence 8 02'55'10" 14', 40.71 feet to the True Polnt of Beginning. TOGETHER WITH a 30 foot easement fot" inqr£s8 81"'.d egress, running across a part of said GOLDeN RIDGE, a Planned Unit Development Plat, bein, 15 feet on each .i~ .. of the folloving described cen terline, Commencing at the Southeast corner of the !!W 1/4 ME 1/4 of said Section 10; thence N 0·14'29'" W, along the East line of said NW' 1/4 NE 1/4, • diatonce of 50.00 feet; th~nce " 89"29'43" W, parallel with the South line of 8aid !!W 1/4 ~e 1/4, • dl.tance of 599.40 feet to a point on the East line ot Co..;,nty Road .93, thence M 05"31 1 17J!! E, along the Eost line of said County Rood 93, " di.tance of 435.94 f~et to a point 483.53 f~~t North (by perpendicular meaourement) of the South line Jf said !!W 1/4 fie: 1/4, thence N B9'~5'JI' E, a di'stance of 25.18 feet to the True Point of Beginning; thence S 06'31'17' 14', 220.59 feet to 8 point of curve, thence along a curve to the left having a central angle of 49'18'49', • radius of 125.00 fept, an arc distance of 107.59 feet and a chord which bear. S 16'OS'OS' E, 104.30 feet to .. poinlt of tangent, thence S 42'47'32' E, 6.26 feet to .. point of curve, thence along 4 curve to the right hsvinq a central angle of 43·17'49~r a radius of 125~OO feet, an arc distance of 94.46 feet and a chord which be.rs S 21'08'38' E, 92~23 feet to a point of tangent1 thence S 0·30'17'"W, 25 .. 39 feet to • po!.nt on a line~ 50 feet North of at'ld parallel to the South line of ssld NW 1/4 NE 1/4, vhich point i. the point of terminus. eaOSZIB3 EXHIBIT B ~IRST SUPPLEMENT TO CONDOMINIUM DECLARATION FOR GOLDEN RIDGE COIIlXlMINlUMS In accordance with the proviaiona of Section. 21 and 39 (d) of the Condominium Declaration for Golden Ridqa Condomini~~., the Percent age of Responaibility for payment of common expense alse •• menta aoligned to each Unit 8ubmitted to t ••• Project pursuant to this Firat Supplement and the undivided intere.t in the common element. appurtenant to that Unit are set forth on this ExhibL~ v. The real property submitted to condominium ownership pursuant to this First Supplement i. hereby divided into the following fee simple estates: (a) One hundred eighty (180) fee simple estates con sisting of one hundred eighty (ISO} leparately designated Onits r each such Unit being identified by number on the Map. (b) The retlUlining portion of the en"tire premiae& referred to as the common elements which shall be held (in fee simple) in common by the Owners, each such undivided interest being appurtenant to one of the one hundred eighty (lSO) Units. Declarant doe. hereby eBublish each undivided interest in the COrrmlOn elements appurtenant to each of the Units and the per=entagc of resI~n8ibility Applicable to ~ach of the units as follow.: Appurtenant Undivided Interest iT! Common Percentage of Unit No. Building No. Elemer:,ts Re02!:!nsibility 101 1 .00650 .0074B 102 1 .00502 .006H 103 1 .00502 .00644 104 1 .00502 .00644 105 1 .00502 .00644 106 1 .00650 .0074 B 107 1 .00650 .00748 lOB 1 .00502 .OOGH 109 1 .00502 .00644 110 1 .00502 .00644 111 1 .00502 .00644 112 1 .00650 .00148 201 1 .00663 .00760 202 1 .00';05 .00652 203 1 .00505 .00652 204 1 .00505 .00::;;;, ::: 205 1 .00505 .00652 206 1 .00663 .00160 207 1 .00663 .00760 20B 1 .00505 .00652 209 1 ~OOS05 .00652 210 1 .00505 .00652 211 1 .00505 .00652 212 1 .0066) .00760 80052183 1 ~ppurtenant Undivided Interest in Common Percentage of Unit No. Buildinq flo. Elementl Re"l22n. ibUi tv 301 1 .00663 .00760 302 1 .00505 .00652 303 1 .0050S .00652 304 1 .00505 .00652 3"5 1 .00505 .00652 306 1 .0066) .00760 307 1 .00663 • 00760 30B 1 .00505 .00652 309 1 .~0505 .00652 310 1 .00505 .00652 311 1 .00505 .00652 312 1 .00663 .00760 101 2 .00650 .00748 102 2 .00502 .00644 103 2 .00502 .006H 104 2 .00502 .00644 1.05 2 .00502 .006H 106 2 .00650 .00748 107 2 .00650 .00748 108 2 .00502 .00644 109 2 .00502 .00644 110 2 .00502 .OOGH 111 2 .00502 .00614 112 2 ,00650 .00748 201 2 ,00663 .00760 .202 2 .00505 .00652 203 2 .00505 .00652 204 2 .00505 .00652 205 2 .00505 .00652 :106 2 .00663 .00760 207 2 .00663 .00760 :l06 2 .00505 .00652 :109 :1 .00505 .00652 no 2 .00505 .00652 ;tll 2 .00505 .00652 :!12 2 .0066 ] .00760 :101 2 .00663 .00760 :102 2 .00505 .00652 ]03 2 .00505 .00652 :104 2 .00505 .00652 :105 2 .00505 .00652 :106 2 .00663 .00760 ]07 2 .00663 .00760 :108 2 .00505 .00652 .\09 2 .00505 .00652 :\10 2 .00505 .00652 :lll 2 .00505 .00652 :)12 2 .00663 .00760 :LOI 3 ,00650 .00749 102 J .00502 .006H 10 3 3 .00502 ,006H 104 3 .00502 .00644 105 :I .00502 .006H 106 :I .00650 .0074 e 107 :I .00650 .OOH8 10 S 3 ,00502 ,006.4 109 3 .00502 ~OO644 80052163 ~ Appurtenant Undivided Intereat in C?mmon Parcentaqe of Unit No. Building No. Elements It''"e2n8ib i li ty 110 3 .00502 .00644 ill 3 .00502 .006H 112 3 .00650 .00748 201 3 .00663 .00760 202 3 .00505 .00652 203 3 .00505 .00652 204 3 .00505 .00652 205 3 .00505 .00652 206 3 .00663 .00760 207 3 .00663 .00760 208 3 .00505 .00652 209 3 .00505 .00652 210 3 .00505 .00652 211 J .00505 .00652 212 3 • 0066 3 .00760 301 3 .00663 .00760 302 3 .00505 .00652 303 3 .00505 .00652 304 3 .00505 .00652 305 3 .00505 .00652 106 3 .00663 .00760 307 3 .00663 .00760 30B 3 .00505 .00652 309 3 .00505 .00652 310 3 .00505 .00652 311 3 .00505 .00652 312 3 .00663 .00760 101 6 .00650 .00748 102 6 .00502 .00644 103 6 .00502 .00644 104 6 .00502 .006H 105 6 .00502 .00644 106 6 .00650 .00748 107 6 .00650 .00748 lOB 6 .00502 .00644 109 6 .00502 .00644 110 6 .00502 .00644 111 6 .00502 .00644 112 6 .00650 .00148 201 6 .00663 .00760 202 6 .00505 .00652 203 6 .00505 .00652 204 6 .00505 .00652 205 6 .00505 .00652 206 G .00663 .00760 207 6 .00663 .00760 208 6 .00505 .00652 209 6 .00505 .00652 210 6 .00505 .00652 211 6 .00505 .00652 212 6 .00663 .00760 301 6 .00663 .00760 302 6 .00505 .00652 303 6 .00505 .00652 304 6 .00505 .00652 3D! .; . 00 505 .00652 J06 6 .00663 .00760 307 6 .00663 .007h0 800521831 Appurtenant Undivided Interest in Common Percentage of 9nLt Nc~ Buildln~ ~o~ ElementJII Responsibili ty 308 6 .00505 .00652 309 6 .00505 .00652 310 6 .00505 .00652 311 6 .00505 .00652 312 6 .00663 .00760 101 1 .00650 .00748 102 7 .00502 .00644 103 7 .00502 .00644 104 7 .00502 .00644 105 7 .00502 .006H 106 7 .00650 .00748 107 7 .00650 .00748 108 7 .00502 .00644 le9 7 .00502 .00644 i)·' 7 .00502 .00644 111 7 .00502 .OOGH 112 7 .00650 .00148 201 7 .0060) .00760 202 7 .00505 .00652 203 7 .00505 .00652 2G4 7 .00505 .0065:1 205 7 .00505 .00652 206 7 .00663 .00760 207 7 .00663 .00760 20B 7 .00505 .00652 209 7 .00505 .00652 210 7 .00505 .00652 211 7 .00505 .00652 212 7 .00663 .00760 301 7 .00663 .00760 302 7 .00505 .00652 303 7 .00505 .00652 )04 7 .00505 .00bS2 305 7 .00505 .00652 306 7 .00663 .r' ;; 0 307 7 .00663 .,,07GO 308 7 .00505 .0(,652 J09 7 .00505 .00652 310 7 .00505 .00652 311 7 .00505 .00652 312 7 .00~6J .007';0 80059888 County of .!!!I'r.'~.n ~h!t oi Co. RlCOfC:~ I" SECO!ID N-IENOMENT TO TlU: FIRST SUPPLEMENT TO THE CONDOMINIUM DECLARATION FOR GOLDeN RIDGE CONDOMINIUMS KNOW ~ LL MEN BY THESE PRESENTS: THAT, WHEREAS, GOLDEN GROUP, A California GeneraL Part nershio (hereinafter called "Declarant") has caused to be recorded a .:;)r.c'~ini:.un Declar-ation for Golden Ridqe Condominiums on Novem ber 13, 1979, at Reception No. 7910)020 of the records of the Clerk and Re~order of Jefferson County, Colorado; and WHEREAS! in Section 39 of the Declaration, Declarant, for itself, it's successors and assigns expreAsty reserved the right to enlarge the Golden Ridge Condominium Project by submitting &6dition al real property and improvements to Condominium ownership there under; and WHEREAS, Declarant has submitted to this Condominium Pro je-::t the real property and improvements de9Cr"ibed on Exhibit "A" to the First Supplement to Condominium Declaration for Golden Ridge Cor,dominiums (the "P'irst Supplement") recr::n"rl.e'd on July 17, 1980, at Reception No. 80052183 of the records of the Clerk anu Record~r of J"effe-tson County, Color-ado; and WHEREAS, C~rtain scrivenerlg eLror~: ..... ~re discover~d in the Legal Description on Exhibit "A" to t.he First. Supplement to Condo minium Declaration for GoJden Ridge Condominiums and in the parking assignments on ExhibIt .. c .. to the Firat 5u!-'rllernent to Condominiun, Declaration for GoIJen Ridge Condominiums. WHERE1S I the First Amendment to the' First Supplement to the Condominium Declaration (the ~Fir8t Amencm~nt~) recorded on July 29, 1980 at Reception No. 800549]5 of the Jeife('son County records was prepared to cor~ect these errors. WHEREAS, the D-ecl<'l.r'H'tt h.af! discover"cd certain !icrivener's errorg in the First AJnendment and desires to ·correct the SarTle. Hoo, 'T"HERITOP..E, Declllxant docs hen'by amend the F'irst ;\mencirnent in its entirety lOd does; publish lind declare that the Le gal Descript.ion of tLe property submitted to the project by the Pirt;t 5upplern'e'r1t Lf'l liS described on Exhibit "A", attached hereto a.nd incorporat~d by refc!'"ence herein: and that c~~ruif1 parking llflsiqn ment5 .arc liS r5hmm on Exhibit "8"', att..~ched hereto and incorporated b)' reference herein. At 'en ., j -Sf:, t: 77 Ui 1 'f *rt ), or' aCt' ft ' re 't 10 1f'tfW 80059888 STAn 01' COLORADO ) 55. City e'.nd County of Denver: ) The foregoinq ingtrument was acknovledqe~ before me, a Notary Public, this ~ day of J\uqust r 19 SO, by K~nneth E. Green a~ a ~eneral partner I.)f Golden Grc'lp, "'a CalIfornia General Par tnerwp . """'''. J~CJ Witness my hand and official se.l. c:,.-..... My commission expires: 9/22/81 ~ ·.:112.7", ~l,"i " -{ •. -"., i ~ .'7.l011 ~/. 'if.'~': /7J .~",:.. '.~ .• ' _ .. ..L. .. .. ,">. ~Notary Pub~, .. ·" 8005968& EXHIBIT A TO SECOND AMENDMENT TO TIlE FIRST SUPPLEMENT TO CONDOMINIUM DECLARATION FOR GOLDEN RIDGE CONDOMINIUMS Leqal Description A part of COLDeN RIDGE, a Planned Unit Development plat, recorded in Book 40 at P.sge 31 of the JefferBon County records, which im:s part of the SE 1/4 of Section 3 and the NW 1/4, NE 1/4 of Section 10, Township 4 South, Range 70 West of the 6th Principal Meridian, Clty of Goldenl County of Jeffen'ion, State of Colorado, rnorlii pG.rt lcul.rly described a. follow.! Commencing ,t the Southea.t corner of the SE 1/4 of said Section 3, Township 4 South, Range 70 Weot of the 6th principal Meridian! thence N 89'48'26" W (based on the East line of said BE 1/4 having • bearing of N 0"24'00' W as defined by the COlorado State Highway Department in Book 699 at Page 256 of the Jefferson County Records) , along the South line of the SE 1/4 of 0ai$ Section 3, a di&t&nce of 1314.22 feet to the Southwe6t corner of the SE 1/4, SE 1/4 of Sec tion 3, which corner i~ the TRUE POINT OF BEGINNING, thence S B9~48'26M E, a digta~ce of 25.00 feet; thence N IJe25'12~ E, a diH'.:...:lnCe of 123.27 feet t.o a pc,int on a lline which line is 120.00 feet Horth of and parallel to t.he South Line of said SE 1/41 tllence N 8~G48'26~ H, parallel with said South lLne, 26B.17 feet; thence S 2011'28'26" W, 85.29 feet to a point on a line which line is: 40 feet North of and parallt!.l tc t.he South ii-ne of said SE 1/4 i t.hence N 89*4B'26 n W, parhllel with ~~id South l~ne, 305.03 feet to m point on the East line of County Road iS3t th~nce 5 02(>46 1 43'" E, .:'liong the E.a:et line of f>zd.d County Road i1'tt'3, .'11 digtance of 474L.e3 feet to a point ot cur-vature, thence alo~ <5', CJrve to the right~ havMe inq a radius of 1956_82 feet, a central anqle of 09·20'00·, an arc di~t.ance of J1B.76 feet to g pcint of tsng~ncy~ the'nee 13 06$31'170'1 'W, along the East. U.ne of f5f!.id County Road H Z;;Czr;:' 1i plirt of said GOLDEN RHX;Z::, ll\ Pl.bnnec Unit. !)evGlopwl!k:'!nt pl~t." b,dnG r:r()r~ ?&i.ticularly 6e.!\Jcrib-®d ili!!l" foli.()i<;'"w: Coct';inf'" of t;!'J:id 8t'jct~icr; }, b~ ci.J.)Jlt$.nc~ of 1314.;:~:: fwwt. to thik J',l·ortft,@#.frt.; corner of thIS N'W 1/4, HI.": 1/i, of S,~ction. 1.8 ( 'I':)"","~n14hip .t Bout.h~ iVH'KJ~ it) W"'~it 0: tnt!') 6th ?:i..i.nc5_?~1 ?'"It'xid.l£ni thet1c~: cont.inuing ~loru; t.h~, ~UUJJo/ last described course, ~ distance of 64.15 feet to the True Point of Beginning: thence S 02·55'10· W, 51439 feet) thence S 79-57'25- W, 79~70 feet, thcnc~ N 26·08t50~ W, 6~.OO feetl thence M 59 8 Z1 l 40· E, 12.40 feeti thence N 18 8 31 1 34" E, 20.00 feet) thence H il~28'S6" W, (.3.41 feet; thence N 18 8 31'04" E, 24.37 feetj thence W 716'28'56'" W, 6.08 r"et1 thence: N 18 8 31'04" £, 56.93 feet: thence S 71 8 28'56" E, 24.85 feet: thence N lSF.31'04- E, 2.54 feet; thence S 71828'56" £, 53.0~ feet: elence 5 18-31'04" W, 11.80 feet: thence S 71 8 52'14- E, ~4.79 feet; thence S 17-23'54'" W, 20.36 feet; thence S 71°45'11 8 £, 39,51 feet; thence S 02 8 55 1 10. W, ~O~71 teet to the True Point of aeginning. TOGETHER WITH & 10 foot easement for ingress end egre •• / runninq across a part of said GOLDEN RIDGE, & Planned Unit Development plat, being 15 feet on each side of the following described centerline I Commencing at the Southeaet corner of the NW 1(4, NE 1(4 of said Section 10, thence II 0"14'29" W, along the ~.t line of said NW 1(4, 'lE 1(4, a di.tance of 50.00 feet, thence II 89"29'43" 14, parallel "ith tbe South JiM of .sid!l\4 1/4, liE 1/4, '" distance of 599.40 feet to a point on the t46t line of County Road ~931 thence N 06c31~ 11· E, ,along the Ea.t line of 8aid County Road 1.3, • distance of 435.94 feet to a point 483.53 feet ~nrth fb; perpendicular me&~re rnent) of the South line of 8aid NW 1/4, WE 1/4) c.neJl(,':"", ,'; :::"~:'J~'" E, a distance of 25.18 feet to the Tr.ue Point of Beginning: thence S 06°31'17~ W, 220~59 feet to a point of curve; thence &l~ng a curve to the Left having a central 3ngle of 49·19'49*, a radius of 125.00 feet, an axe distance of 107.59 feet and a chcrd which bears S lS~09!Og'" P,:. 104.30 feet to a point of tangent; thence S 42&47t32~ E. 6.26 feet to a point of curve; t.hen<~e along a curve to the right having a central Zlngle of 43'"17 1 49", a I~adiu6 of 125.00 feet: an arc disunce of 9~.46 feet and a chord. whiCh bears 5 21"'08' 381< E, 92.23 feet to a point of tangent: thence 5 0030!17~ w, 25.39 feet to a point on a line 50 feet Nor th of and pa ra liel 1:0 the Sou th 1 ine 0 f sa id N'W 1/4, NE 1/~ p which point i6 the point of terminus. 03-07-aO/dn