I. SUBMISSION STATEMENT
DECLARATION OF  CONDOMINIUM
ARROJADO CORPORATION, a California Corporation, being the owner of record of the fee simple title to the real property situate, lying and
being in Dade County, Florida, as more particularly described and set forth as the Condominium property in the Survey Exhibits attached
hereto as "Exhibit No. 1", which are made a part hereof as though fully set forth herein (together with equipment, furnishings and fixtures
therein contained not personally owned by unit owners), hereby states and declares that said realty, together with improvements thereon, is
submitted to Condominium ownership, pursuant to the Condominium Act of the State of Florida, F.S. 711 Et Seq. (hereinafter referred to as
the "Condominium Act"), and the provisions of said Act are hereby incorporated by reference and included herein thereby, and does herewith
file for record this Declaration of Condominium.

Definitions: as used in this Declaration of Condominium and By-Laws and Exhibits attached hereto, and all Amendments thereof, unless the
context otherwise requires, the following definitions shall prevail: -

A. Declaration, or Declaration of Condominium, or Enabling Declaration, means this instrument as it may be from time to  time amended.

B. Association, means the Florida non-profit Corporation whose name appears at the end of this Declaration as "Association", said
Association being the entity responsible for the operation of the Condominium.

C. By-Laws, means the By-Laws of the Association specified above, as they exist from time to time.

D. Common Elements, means the portions of the Condominium property not included in the Units.

E. Limited Common Elements, means and includes those common elements which are reserved for the use of a certain unit or units, to the
exclusion of all other units.

F. Condominium, means that form of ownership of Condominium property under which units of improvements are subject to ownership

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by one or more owners, and there is appurtenant to each unit, as part thereof, an undivided share in the common elements.

G. Condominium Act, means and refers to the Condominium Act of the State of Florida (F.S. 711 Et Seq.).

H. Common Expenses, means the expenses for which the unit owners are liable to the Association.

I. Common Surplus, means the excess of all receipts of the Association from this Condominium, including, but not limited to, assessments,
rents, profits and revenues on account of the common elements, over and above the amount of common expenses of this Condominium.

J. Condominium property, means and includes the land in a Condominium, whether or not contiguous, and all improvements thereon, and all
easements and rights appurtenant thereto, intended for use in connection with the Condominium.

K. Assessment, means a share of the funds required for the payment of common expenses which, from time to time, are assessed against
the unit owner.

L. Condominium Parcel or Parcel means a unit, together with the undivided share in the common elements which are appurtenant to the unit.

M. Condominium Unit, or Unit, is a Unit as defined in the Condominium Act, referring herein to each of the separate and identified units
delineated in the Survey attached to the Declaration as Exhibit No. 1, and when the context permits, the Condominium parcel includes such
unit, including its share of the common elements appurtenant thereto. The physical boundaries of each unit are as delineated in the Survey
afore described, and are as more particularly described in Article III and Article XIX.B of this Declaration.

N. Unit Owner, or Group of Owners, or Owner of a Unit, or Parcel Owner, means the owner or group of owners of a single Condominium
parcel.

0. Developer, means the California Corporation whose name appears at the end of this Declaration as "Developer", its successors and
assigns.  

P. Institutional Mortgagee, means a Bank, Savings and Loan Association, Insurance Company or Union Pension Fund, authorized to do
business in the United States of America, an Agency of the United States Government, a real estate or mortgage investment trust, or a
lender generally recognized in the community as an Institutional type lender. An individual mortgage on a unit may be placed through a
Mortgage or Title Company.

Q. Occupant means the person or persons, other than the unit owner, in possession of a unit.

R. Condominium Documents, means this Declaration, the By-Laws and all Exhibits annexed hereto, as the same may be amended from
time to time.

S. Unless the context otherwise requires, all other terms used in this Declaration shall be assumed to have the meaning attributed to said
term by Section 3 of the Condominium Act as of the date of this Declaration.

T. Management Agreement, means and refers to that certain Agreement attached to this Declaration and made a part hereof, which provides
for the management of the Condominium property.

U. Management Firm, means and refers to the Corporation identified as the Management Firm in the Management Agreement attached to
this Declaration, its successors and assigns. The Management Firm shall be responsible for the management of the Condominium property

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as provided in the management Agreement attached to this Declaration and made a part hereof.

II.
NAME

The name by which this Condominium is to be identified is as specified at the top of page 1 of this Declaration.

III.
IDENTIFICATION OF UNITS

The Condominium property consists essentially of all units in the buildings and other improvements as set forth in Exhibit No. 1 attached
hereto and for the purpose of identification, all units in the buildings located on said Condominium property are given identifying numbers and
all buildings are given identifying numbers and same are delineated on the Survey Exhibits, collectively identified as "Exhibit No. 1", hereto
attached and made a part of this Declaration. No unit in a building bears the same identifying number as does any other unit in a building
and no building in the Condominium bears the same identifying number as does any other building in the Condominium. The aforesaid
identifying number as to the unit and number as to the building is also the identification as to the parcel.

The said Exhibit No. 1 also contains a survey of the land, graphic description of the improvements in which the units are located, and a plot
plan and, together with this Declaration, they are in sufficient detail to identify the location, dimensions and size of the common elements
and of each unit, as evidenced by the Certificate of the Registered Land Surveyor hereto attached. The legend and notes contained within
the said Exhibit are incorporated herein and made a part hereof by reference.

IV.
OWNERSHIP OF COMMON ELEMENTS

Each of the unit owners of the Condominium shall own an undivided interest in the common elements and limited common elements, and
the undivided interest, stated as percentages of such ownership in the said common elements and limited common elements, is set forth on
Exhibit A, which is annexed to this Declaration and made a part hereof.

The fee title to each Condominium parcel shall include both the Condominium unit and the above respective undivided interest in the
common elements, said undivided interest in the common elements to be deemed to be conveyed or encumbered with its respective
Condominium unit. Any attempt to separate the fee title to a Condominium unit from the undivided interest in the common elements
appurtenant to each unit shall be null and void. The term "common elements", when used throughout this Declaration, shall mean both
common elements and limited common elements, unless the context otherwise specifically requires.

V.
VOTING RIGHTS

There shall be one person with respect to each unit ownership who shall be entitled to vote at any meeting of the Association and such
person shall be known (and is hereinafter referred to) as a "Voting Member". If a unit is owned by more than one person, the owners of said
unit shall designate one of them as the Voting Member, or in the case of a Corporate unit owner, an officer or employee thereof shall be the
Voting Member. The designation of the Voting Member shall be made as provided by and subject to the provisions and restrictions set forth
in the By-Laws of the Association. Each owner or group of owners shall be entitled to the number

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of votes equal to the total of the percentage of ownership in the common elements applicable to his Condominium parcel, as set forth and
specified in Exhibit "A" which is annexed to this Declaration and made a part hereof. The vote of a Condominium unit is not divisible.

VI.
COMMON EXPENSE AND COMMON SURPLUS

The common expenses of the Condominium, including the obligation of each unit owner under the Management Agreement attached to this
Declaration, shall be shared by the unit owners, as specified and set forth in Exhibit "A". The foregoing ratio of sharing common expenses
and assessments shall remain, regardless of the purchase price of the Condominium parcels, their location, or the building square footage
included in each Condominium unit. Any common surplus of the Association shall be owned by each of the unit owners in the same
proportion as their percentage ownership interest in the common elements - any common surplus being the excess of all receipts of the
Association from this Condominium, including but not limited to, assessments, rents, profits and revenues on account of the common
elements of this Condominium, over the amount of the common expenses of this Condominium.

VII.
METHOD OF AMENDMENT OF DECLARATION

This Declaration may be amended at any regular or special meeting of the unit owners of this Condominium, called and convened in
accordance with the By-Laws, by the affirmative vote of Voting Members casting not less than three-fourths (3/4ths) of the total vote of the
members of the Association. All Amendments shall be recorded and certified as required by the Condominium Act.

No Amendment shall change any Condominium parcel, nor a Condominium unit's proportionate share of the common expenses or common
surplus, nor the voting rights appurtenant to any unit, unless the record owner(s) thereof, and all record owners of mortgages or other
voluntarily placed liens thereon, shall join in the execution of the Amendment.

No amendment shall be passed which shall impair or prejudice the rights and priorities of any mortgages or change the provisions of this
Declaration with respect to Institutional Mortgagees without the written approval of all Institutional Mortgagees of record, nor shall the
provisions of Article XII of this Declaration be changed without the written approval of all Institutional Mortgagees of record. Notwithstanding
the foregoing, no Amendment shall change the rights and privileges of the Developer and Management Firm without the applicable party's
written consent.

Notwithstanding the foregoing paragraphs of this Article VII, the Developer reserves the right to change the interior design and arrangement of
all units, and to alter the boundaries between units, as long as the Developer owns the units so altered; however, no such change shall
increase the number of units nor alter the boundaries of the common elements, except the party wall between any Condominium units,
without Amendment of this Declaration in the manner herein before set forth.

If the Developer shall make any changes in units, as provided in this paragraph, such changes shall be reflected by the Amendment of this
Declaration with a Survey attached, reflecting such authorized alteration of units, and said Amendment need only be executed and
acknowledged by the Developer and any holders of Institutional Mortgages encumbering the said altered units. The Survey shall be certified
in the manner required by the Condominium Act. If more than one unit is concerned, the Developer shall apportion between the units the
shares of the common elements Appurtenant to the units concerned and the voting rights, together with apportioning the common expenses
and common surplus of the units concerned, and such shares of common elements, common expenses and common surplus, and the
voting rights

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of the units concerned shall be duly noted in the Amendment of the Declaration. Notwithstanding the foregoing paragraphs of this Article VII,
it is understood and agreed that as of the time this Declaration of Condominium is dated and recorded in the Public Records of Dade
County, Florida, all of the buildings, units and improvements contained in this Condominium are not completed; however, all units and
buildings within this Condominium shall be shown and located in Exhibit No. 1 attached hereto, as provided in Article III of this Declaration,
and said Exhibit No. 1 shall note thereon which units and building(s) are completed as of the date of said Exhibit and which units and
building's) are incomplete as of the date of said Exhibit; however, said Exhibit No. 1 shall contain a graphic description of the building(s) and
units located therein and a Plot Plan and, together with this Declaration, they shall be in sufficient detail to identify the location, dimensions
and size of the common elements, limited common elements and of each unit. The Developer shall complete the incomplete buildings and
units and improvements within said Condominium within twelve (12) months from the date of said Declaration; provided, however, said time
shall be extended by virtue of delays caused by Acts of God, acts of governmental authority's), flood, hurricane, strikes, labor conditions
beyond Developer's control, or any other causes not within Developer's control. As a building or buildings and the units therein are
completed, the Developer shall file an Amendment of this Declaration with a Survey attached reflecting the final location, dimensions and
size of the then completed building(s) and units therein (which includes the location and size of the completed improvement(s)) and said
Survey shall comply with the provisions of Article III of this Declaration and same shall be certified by a Registered Land Surveyor, as
required by Florida Statute 711, and said Amendment executed solely by the Developer with said Exhibit attached shall be duly recorded in
the Public Records of Dade County, Florida, and said Amendment shall be effective as of the date of recording same. The Developer may file
several Amendments of this Declaration as to the foregoing. The provisions of this paragraph are paramount to and supersede the foregoing
provisions in paragraphs above under this Article VII. The foregoing includes the recreation areas and facilities within the Condominium.

VIII.
BY-LAWS

The operation of the Condominium property shall be governed by the By-Laws of the Association which are set forth in a document which is
annexed to this Declaration, marked Exhibit No. 2, and made a part hereof.

No modification of or Amendment to the By-Laws of said Association shall be valid unless set forth in or annexed to a duly recorded
Amendment to this Declaration. The By-Laws may be amended in the manner provided for therein, but no Amendment to said By-Laws shall
be adopted which would affect or impair the validity or priority of any mortgage covering any Condominium parcel(s), or which would change
the provisions of the By-Laws with respect to Institutional Mortgages without the written approval of all Institutional Mortgagees of record.

No amendment shall change the rights and privileges of the Developer and Management Firm without the applicable parties written approval.
Any amendment to the By-Laws, as provided herein, shall be executed by the parties as required in this Article and in Article VII above, and
said Amendment shall be recorded in the Public Records of Dade County, Florida.

IX.
THE OPERATING ENTITY

The operating entity of the Condominium shall be the Florida non-profit Corporation whose name appears at the end of this Declaration as,
the "Association" which is responsible for the operation of the Condominium specified in Article II herein above, said Association being
organized and existing pursuant to the Condominium Act. The

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said Association shall have all of the powers and duties set forth in the Condominium Act, as well as all of the powers and duties granted to
or imposed upon it by this Declaration, the By-Laws of the Association and its Articles of Incorporation, a copy of said Articles of
Incorporation being annexed hereto marked Exhibit No. 3, and made a part hereof, and all of the powers and duties necessary to operate the
Condominium, as set forth in this Declaration and the By-Laws, and as they may be amended from time to time. Every owner of a
Condominium parcel, whether he has acquired his ownership by purchase, by gift, conveyance or transfer by operation of law, or otherwise,
shall be bound by the By-Laws and Articles of Incorporation of the said Association, the provisions of this Declaration and the Management
Agreement.

X.
ASSESSMENTS

The Association, through its Board of Directors, has delegated to the Management Firm the power of the Association to fix and determine
from time to time the sum or sums necessary and adequate to provide for the common expenses of the Condominium property and such
other sums as are specifically provided for in this Declaration and the By-Laws, and Exhibits attached hereto, for such period of time as
provided in the Management Agreement, and thereafter, the Association shall have such power. The Association, through its Board of
Directors, shall have the power to fix and determine from time to time the sum or sums necessary and adequate to provide for the common
expenses of the Condominium property and such other assessments as are specifically provided for in this Declaration and Exhibits
attached hereto, where said power has not been or is no longer delegated to the Management Firm. The procedure for the determination of
all such assessments shall be as set forth in the By-Laws of the Association and this Declaration, and the Exhibits attached hereto. The
common expenses shall be assessed against each Condominium parcel owner as provided for in Article VI of this Declaration.  
Assessments and installments that are unpaid for over ten (10) days after due date shall bear interest at the rate of ten percent (10%) per
annum from due date until paid, and at the sole discretion of the Management Firm and or the Board of Directors, a late charge of $25.00
shall be due and payable. Regular assessments shall be due and payable monthly on the first of each month.

The Association and the Management Firm, as long as the Management Agreement remains in effect, shall have a lien on each
Condominium parcel for unpaid assessments, together with interest thereon, against the unit owner of such Condominium parcel, together
with a lien on all tangible personal property located within said unit, except that such lien upon the aforesaid tangible personal property shall
be subordinate to prior bona fide liens of record. Reasonable attorneys ' fees incurred by the Association and Management Firm incident to
the collection of such assessments or the enforcement of such lien, together with all sums advanced and paid by the Association or the
Management Firm for taxes and payments on account of superior mortgages, liens or encumbrances which may be required to be advanced
by the Association or Management Firm, in order to preserve and protect its lien, shall be payable by the unit owner and secured by such
lien.

The Management Firm, for as long as the Management Agreement remains in effect, and the Board of Directors, may take such action as it
deems necessary to collect assessments by personal action or by enforcing and foreclosing said lien, and may settle and compromise the
same if deemed in its best interests. Said lien shall be effective as and in the manner provided for by the Condominium Act, and shall have
the priorities established by said Act. The Management Firm, as long as the Management Agreement remains in effect, and the
Association, shall be entitled to bid at any sale held pursuant to a suit to foreclose an assessment lien, and to apply as a cash credit
against its bid, all sums due, as provided herein, covered by the lien enforced. In case of such foreclosure, the unit owner shall be required
to pay a

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reasonable rental for the Condominium parcel for the period of time said parcel is occupied by the unit owner or anyone by, through or under
said unit owner, and Plaintiff in such foreclosure shall be entitled to the appointment of a Receiver to collect same from the unit owner and/or
occupant. Where the Mortgagee of an Institutional First Mortgage of record, or other purchaser of a Condominium unit, obtains title to a
Condominium parcel as a result of foreclosure of the Institutional First Mortgage, or when an Institutional First Mortgagee of record accepts a
Deed to said Condominium parcel in lieu of foreclosure, such acquirer of title, its successors and assigns, shall not be liable for the shares
of common expenses or assessment by the Management Firm or the Association pertaining to such Condominium parcel, or chargeable to
the former unit owner of such parcel, which became due prior to acquisition of title as a result of the foreclosure or the acceptance of such
Deed in lieu of foreclosure. Such unpaid share of common expenses or assessments shall be deemed to be common expenses collectible
from all of the unit owners, including such acquirer, his successors and assigns.

Any person who acquires an interest in a unit, except through foreclosure of an Institutional First Mortgage of record, or by virtue of an
Institutional First Mortgagee accepting a Deed to a Condominium parcel in lieu of foreclosure, as specifically provided herein above including,
without limitation, persons acquiring title by operation of law, including purchasers at judicial sales, shall not be entitled to occupancy of the
unit or enjoyment of the common elements until such time as all unpaid assessments due and owing by the former unit owners have been
paid.

The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, acting through its Board
of Directors, shall have the right to assign its claim and lien rights for the recovery of any unpaid assessments to the Developer, or to any
unit owner or group of unit owners, or to any third party.

XI.
PROVISIONS RELATING TO SALE OR RENTAL OR OTHER  ALIENATION OR MORTGAGING OF CONDOMINIUM UNITS

A. SALE OR RENTAL OF UNITS -
Association and Management Firm to Have First Right of Refusal.

In the event any unit owner wishes to sell, rent or lease his unit, the Association and Management Firm, as long as the Management
Agreement remains in effect, shall have the option to purchase, rent or lease said unit, upon the same conditions as are offered by the unit
owner to a third person. Any attempt to sell, rent or lease said unit without prior offer to the Association and Management Firm shall be
deemed a breach of this Declaration and shall be wholly null and void and shall confer no title or interest whatsoever upon the intended
purchaser, tenant or lessee. The approval of the Management Firm is required pursuant to Article XVIII.A of this Declaration.

Should a unit owner wish to sell, lease or rent his Condominium parcel (which means the unit, together with the undivided share of the
common elements appurtenant thereto), he shall, before accepting any offer to purchase, sell or lease, or rent, his Condominium parcel,
deliver to the Management Firm and Board of Directors of the Association a written notice" containing the terms of the offer he has received,
or which he wishes to accept, the name and address of the person(s) to whom the proposed sale, lease "or transfer is to "be made, two
references and three individual references, local, if possible and such other information (to be requested within five (5) days from receipt of
such notice) as may be required by the Board of Directors of the Association or the Management Firm.

The Board of Directors of the Association, or the Management Firm, is authorized to waive any of all of the references aforementioned. The
Board of Directors of the Association and the Management Firm, within ten (10) days after receiving such notice and such sup-

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plemental information as is required by the Board of Directors or Management Firm, shall either consent to the transaction specified in said
notice, or by written notice to be delivered to the unit owner's unit (or mailed to the place designated by the unit owner in his notice),
designate the Association, or the Management Firm may designate itself, or the Association or the Management Firm may designate one or
more persons than unit owners, or any other person(s) satisfactory to the Board of Directors of the Association and the Management Firm,
who are willing to purchase, lease or rent, upon the same terms as those specified in the unit owner's notice, or object to the sale, leasing
or renting to the prospective purchaser, tenant or lessee, for good cause, which cause need not be set forth in the notice from the Board of
Directors and Management Firm to the unit owner. However, the Association and the Management Firm shall not unreasonably withhold its
consent to the prospective sale, rental or lease.

The stated designee of the Board of Directors or Management Firm shall have fourteen (14) days from the date of the notice sent by the
Board of Directors or Management Firm within which to make a binding offer to buy, lease or rent, upon the same terms and conditions
specified in the unit owner's notice. Thereupon, the unit owner shall either accept such offer or withdraw and/or reject the offer specified in
his notice to the Board of Directors and Management Firm. Failure of the Board of Directors and Management Firm to designate such person
(s), or failure of such person(s) to make such offer within the said fourteen (14) day period, or failure of the Board of Directors and
management Firm to object for good cause, shall be deemed consent by the Board of Directors and Management Firm to the transaction
specified in the unit owner's notice, and the unit owner shall be free to make or accept the offer specified in his notice and sell, lease or rent
said interest pursuant thereto, to the prospective purchaser or tenant named therein, within ninety (90) days after his notice was given.

The consent of the Board of Directors of the Association and of the Management Firm shall be in recordable form, signed by two Officers of
the Association and an executive Officer of the Management Firm, and shall be delivered to the purchaser or lessee. Should the Board of
Directors and Management Firm fail to act, as herein set forth, and within the time provided herein, the Board of Directors of the Association
and Management Firm shall, nevertheless, thereafter prepare and deliver its written approval, in recordable form as aforesaid, and no
conveyance of title or interest whatsoever shall be deemed valid without the consent of the Board of Directors and the Management Firm as
herein set forth.

The sub-leasing or sub-renting of a unit owner's interest shall be subject to the same limitations as are applicable to the leasing or renting
thereof. The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, shall have the
right to require that a substantially uniform form of lease or sub-lease be used, or in the alternative, the Management Firm, as long as the
Management Agreement remains in effect, and thereafter, the Board of Directors' approval of the lease or sub-lease form to be used shall be
required. After approval, as herein set forth, entire units may be rented, provided the occupancy is only by the Lessee, his family and
guests. No individual rooms may be rented and no transient tenants may be accommodated.

Where a Corporate entity is the owner of a unit, it may designate the occupants of the units as it desires, and for such period of time as it
desires, without compliance with the provisions of Section A of this Article XI. The foregoing shall not be deemed an assignment or sub-
leasing of a unit, and shall be deemed to be in compliance with the provisions of the first paragraph of Article XIII  of this Declaration.

The Management Firm is not authorized to designate the Association as the purchaser or lessee of a unit, and the Association's right to
designate itself as the purchaser or lessee of a unit, or designate a third person to purchase or lease a unit, shall be prior to the right of the
Management Firm.

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B.
MORTGAGE AND OTHER ALIENATION OF UNITS

1. A unit owner may not mortgage his unit, nor any interest therein, without the approval of the Association and the Management Firm, as
long as the Management Agreement remains in effect, except to an Institutional Mortgagee, as hereinbefore defined. The approval of any
other mortgagee may be upon conditions determined by the Board of Directors of the Association and the Management Firm, and said
approval, if granted, shall be in recordable form, executed by two Officers of the Association and an executive officer of the Management
Firm. Where a unit owner sells his unit and takes back a mortgage, the approval of the Association and Management Firm shall not be
required,

2. No judicial sale of a unit, nor any interest therein, shall be valid, unless: -

(a) The sale is to a purchaser approved by the Association and the Management Firm, as long as the Management Agreement remains in
effect, which approval shall be in recordable form, executed by two Officers of the Association and an executive Officer of the Management
Firm, and delivered to the purchaser; or,

(b) The sale is a result of a public sale with open bidding,

3. Any sale, mortgage or lease which is not authorized pursuant to the terms of the Declaration shall be void unless subsequently approved
by the Board of Directors of the Association and the Management Firm, as long as the Management Agreement remains in effect, and said
approval shall have the same effect as though it had been given and filed of record simultaneously with the instrument it approved.

4. The foregoing provisions of this Article XI shall not apply to transfers by a unit owner to any member of his immediate family (viz: - spouse,
children or parents.)

The phrase "sell, rent, or lease", in addition to its general definition, shall be defined as including the transferring of a unit owner's interest by
gift, devise or involuntary or judicial sale.

In the event a unit owner dies and his unit is conveyed or bequeathed to some person other than his spouse, children or parents, or if some
other person is designated by the decedent's legal representative to receive the ownership of the Condominium unit, or if, under the laws of
descent and distribution of the State of Florida, the Condominium unit descends to some person or persons other than the decedent's
spouse, children or parents, the Board of Directors of the Association or the Management Firm may, within thirty (30) days of proper
evidence or rightful designation served upon the President or any other officer of the Association and the Management Firm, or within thirty
(30) days from the date the Association and Management Firm is placed on actual notice of the said devisee or descendant, express its
refusal or acceptance of the individual or individuals so designated as the owner of the Condominium parcel.

If the Board of Directors of the Association and Management Firm shall consent, ownership of the Condominium parcel may be transferred
to the person or persons so designated who shall, thereupon, become the owner(s) of the Condominium parcel, subject to the provisions of
the Enabling Declaration and the Exhibits attached thereto.

If, however, the Board of Directors of the Association or the Management Firm shall refuse to consent, then the members of the association
or the Management Firm shall be given an opportunity during thirty (30) days next after said last above mentioned thirty (30) days, within
which to purchase or to furnish a purchaser for cash, the said Condominium parcel, at the then fair market value thereof. Should the parties
fail to agree on the value of such Condominium parcel, the same shall be determined by an Appraiser appointed by the Senior Judge of the
Circuit Court in and for the area wherein the Condominium is located, upon ten (10) days' notice, on the petition to any party in interest. The
expense of appraisal shall be paid by the said designated person or persons, or the legal representative of the deceased

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owner, out of the amount realized from the sale of such Condominium parcel. In the event the members of the Association, or the
Management Firm, do not exercise the privilege of purchasing or furnishing a purchaser for said Condominium parcel within such period and
upon such terms, the person or persons so designated may then, and only in such event, take title to the Condominium parcel; or, such
person or persons, or the legal representative of the deceased owner may sell the said Condominium parcel, and such sale shall be subject
in all other respects to the provisions of this Enabling Declaration and Exhibits attached hereto.

5. The liability of the unit owner under these covenants shall continue, notwithstanding the fact that he may have leased, rented or sub-let
said interest as provided herein. Every purchaser, tenant or lessee, shall take subject to this Declaration, the By-Laws and Articles of
Incorporation of the Association and the Management Agreement, as well as the provisions of the Condominium Act.

6.
Special Provisions re Sale, Leasing, Mortgaging or Other Alienation by Certain Mortgagees and Developer and the Management Firm.

(a) An Institutional First Mortgagee holding a mortgage on a Condominium parcel, or the Management Firm, upon becoming the owner of a
Condominium parcel through foreclosure, or by Deed in lieu of foreclosure, or whomsoever shall become the acquirer of title at the
foreclosure sale of an Institutional First Mortgage or the lien for common expenses, shall have the unqualified right to sell, lease or otherwise
transfer said unit, including the fee ownership thereof, and/or to mortgage said parcel, without prior offer to the Board of Directors of the
Association and the Management Firm, and without the prior approval of the said Board of Directors and the Management Firm.

The provisions of Sections A and B No's 1 - 5 of this Article XI shall be inapplicable to such Institutional First Mortgagee, or the Management
Firm or acquirer of title, as afore described in this paragraph.

(b) The provisions of Sections A and B Nos. 1 - 5 of this Article XI shall be inapplicable to the Developer and Management Firm.

The said Developer and Management Firm are irrevocably empowered to sell, lease, rent and/or mortgage Condominium parcels or units,
and portions thereof, to any purchaser, lessee or mortgagee approved by them. The Developer shall have the right to transact any business
necessary to consummate sales or rentals of units, or portions thereof, including but not limited to the right to maintain models, have signs,
use the common elements, and to show units. The sales office(s), signs, and all items pertaining to sales shall not be considered common
elements and shall remain the property of the Developer.

The Developer may use a unit(s) as a sales office and/or model apartment(s).

(c) In the event there are unsold parcels, the Developer retains the right to be the owner of said unsold parcels under the same terms and
conditions as all other parcel owners in said Condominium; however, said Developer, for such time as it continues to be a parcel owner, but
not exceeding twelve (12) months after the first day of the month following the filing of this Declaration, shall only be required to contribute
such sums to the common expenses of the Condominium, in addition to the total monthly common expense assessments paid by all other
parcel owners, as may be required for the Association to maintain the Condominium, as provided in this Declaration and Exhibits attached
hereto, but in no event shall the Developer be required to contribute to the common expenses as to the parcels owned by it in an amount
exceeding the obligation for such unit, as specified and set forth in Exhibit "A" attached to this Declaration. Commencing twelve (12) months
after the first day of the month following the filing of this Declaration of Condominium, the Developer- shall contribute to the common
expenses, as to the parcels owned by it, in the same manner as all other parcel owners, as provided in Exhibit "A" attached to this
Declaration. The foregoing applies to parcels, i.e. Condominium, units, used by the Developer as models and/ or offices.

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8414 pg 733 ↓

XII.
INSURANCE PROVISIONS

A. LIABILITY INSURANCE:-

The Management Firm, as long as the Management Agreement remains in effect and, thereafter, the Board of Directors of the Association,
shall obtain Public Liability and Property Damage Insurance covering all of the common elements of the Condominium and insuring the
Association, the unit owners and the Management Firm, as long as the Management Agreement remains in effect, as its and their interests
appear, in such amounts and providing such coverage as the Management Firm, as long as the Management Agreement remains in effect
and, thereafter, the Board of Directors of the Association, may determine from time to time. Premiums for the payment of such insurance
shall be paid by the Management Firm, as long as the Management Agreement remains in effect and, thereafter, by the Board of Directors
of the Association, and such premiums shall be charged as a common expense.

B.
CASUALTY INSURANCE:-

1.
Purchase of Insurance:- The Management Firm, as long as the Management Agreement remains in effect and, thereafter, the
Association, shall obtain Fire and Extended Coverage Insurance and Vandalism and Malicious Mischief Insurance, insuring all of the
insurable improvements within the Condominium (including the units and the fixtures and other equipment initially installed by the Developer,
but not including personal property supplied or installed by unit owners or others, nor the carpeting in the units, nor, where applicable, the
screening or enclosure on a balcony, terrace or patio which is a limited common element of said unit) and all personal property owned by
the Association, or included in the common elements, in and for the interests of the Association, all unit owners and their mortgagees, as
their interests may appear, in a company acceptable to the standards set by the Management Firm, as long as the Management Agreement
remains in effect and, thereafter, by the Board of Directors of the Association, in an amount equal to the maximum insurable replacement
value of the improvements without deduction for depreciation but exclusive of excavation and foundation costs and in an amount equal to the
value of the personal property owned by the Association or included in the common elements, as determined annually by the Management
Firm, as long as the Management Agreement remains in effect and, thereafter, by the Board of Directors of the Association. The premiums
for such coverage and other expenses in connection with said insurance shall be paid by the Management Firm, as long as the
Management Agreement remains in effect and, thereafter, by the Association, and shall be charged as a common expense. Institutional
First Mortgagees owning and holding first mortgages encumbering Condominium units in the Condominium property having an unpaid dollar
indebtedness equal to $100,000.00 or more shall have the right to approve the Policies and the company or companies who are the insurers
under the insurance placed by the Management Firm and, thereafter, by the Association, as herein provided, end the amount thereof, and
the further right to approve the Insurance Trustee. In the absence of the action of said Mortgagees, then the Management Firm, as long as
the Management Agreement remains in effect, and thereafter, the Association, shall have said right, without qualification.

2.
Loss Payable Provisions - Insurance Trustee- All policies purchased by the Management Firm and, thereafter, by the Association, shall
be for the benefit of and made payable to the Association and all unit owners, and their mortgagees, as their interests may appear. Such
Policies shall be posted with the Insurance Trustee (as hereinafter defined, who must first acknowledge that the Policies and any proceeds
thereof will be held in accordance with the terms hereof. Said Policies shall provide that all insurance proceeds payable on account of loss
or damage shall be payable to the Insurance Trustee which may be any Bank in Florida with trust powers may be approved by the
Management Firm, as long as the Management Agreement remains in effect and, thereafter, by the Board of Directors of the Association,

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8414 pg 734 ↓

which Trustee is herein referred to as the "Insurance Trustee". Mortgagee Endorsements shall be issued as to said Policies. All Institutional
First Mortgagees who own and hold a First Mortgage on a Condominium unit shall have a right to receive a certified copy of the Insurance
Policies) which are obtained pursuant to this Article XII.B and the party responsible for obtaining said Policy(s) shall cause certified copies of
said Policy(s) to be delivered to such Institutional First Mortgagees immediately upon written request by said Mortgagee(s). The Insurance
Trustee shall not be liable for the payment of premiums nor for the renewal or the sufficiency of policies, nor for the failure to collect any
insurance proceeds, nor for the form or content of the policies. The sole duty of the Insurance Trustee shall be to receive such proceeds as
are paid and hold the same in thrust for the purposes else were stated herein, and for the benefit of the Association and the unit owners and
their respective mortgage the following shares, but such shares need not be set forth upon the records of the Insurance
Trustee:-

(a)
Common Elements:- Proceeds on account of damage to common elements - an undivided share for each unit owner, such share being
the same as the undivided share in the common elements appurtenant to his unit.

(b)
Condominium Units:- Proceeds on account of Condominium units shall be in the following undivided shares:

(i)
Partial Destruction - when units are to be repaired and restored - for the owners of the damaged units, in proportion to the cost of repairing
the damage suffered by each unit owner.

(ii)
Total Destruction of Condominium improvements, or where "very substantial" damage occurs and the Condominium improvements are not
to be restored, as provided hereinafter in this Article-for the owners of all Condominium units-each owner 's share being in proportion to his
share in the common elements appurtenant to his Condominium unit.

(c)
Mortgagees:- In the event a Mortgagee Endorsement has been issued as to a unit, the share of the unit owner shall be held in trust for
the mortgagee and the unit owners as their interests may

appear, provided, however, that no mortgagee shall have any right to determine or participate in the determination as to whether or not any
damaged property shall be reconstructed or repaired.

3.
Distribution of Proceeds: Proceeds of Insurance Policies received by the Insurance Trustee shall be distributed to or for the benefit of the
beneficial owners, and expended or disbursed after first paying or making provision for the payment of the expenses of the Insurance Trustee
in the following manner:-

(a)
Reconstruction or Repair:- If the damage for which the proceeds were paid is to be repaired and restored, the remaining proceeds shall
be paid to defray the cost thereof, as elsewhere provided. Any proceeds remaining after defraying such costs shall be distributed to the
beneficial owners - all remittance to unit owners and their mortgagees being payable jointly to them. This is a covenant for the benefit of any
mortgagee of a unit and may be enforced by said mortgagee.

Said remittances shall be made solely to an Institutional First Mortgagee when requested by such Institutional First Mortgagee whose
mortgage provides that it has the right to require application of the insurance proceeds to the payment or reduction of its mortgage debt.

(b)
Failure to Reconstruct or Repair: If it is determined in the manner elsewhere provided that the damage for which the proceeds are paid
shall not be repaired and restored, the proceeds shall be disbursed to the beneficial owners; remittances to unit owners and their
mortgagees being payable jointly to them.- This is a covenant for the benefit of any mortgagee of a unit, and may be enforced by such
mortgagee. Said remittances shall be made solely by an Institutional First Mortgagee when requested by such Institutional First Mortgagee
whose mortgage provides that it has the right to require application of the insurance proceeds to the payment of its mortgage debt. In the
event of loss or damage to personal property belonging to the

D-13
8414 pg 735 ↓

Association, and should the Board of Directors the Association determine not to replace such personal property as may be lost or damaged,
the proceeds shall, be disbursed to the beneficial owners as surplus, in the manner elsewhere stated herein.  

(c)
Certificate; -In making distribution to unit owners and their mortgagees, the Insurance Trustee may rely upon a Certificate of the
Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, as to the names of the unit
owners and their respective shares of the distribution, approved in writing by an Attorney authorized to practice law in the State of Florida, a
Title Insurance Company or Abstract Company authorized to do business in the State of Florida. Upon request of the Insurance Trustee, the
Management Firm, and thereafter, the Association, forthwith shall deliver such Certificate.  

4.
Loss Within a Single Unit. -If loss shall occur within a single unit or units, without damage to the common elements and or the party wall
between units, the provisions of Article XII.B.5 below shall apply.

5.
Loss Less Than "Very Substantial" -Where a loss or damage occurs within a unit or units, or to the common elements, or to any unit or
units and the common elements, but said loss is less than "very substantial", (as hereinafter defined) it shall be obligatory upon the
Association and the unit owner(s) to repair, restore and rebuild the damage caused by said loss. Where such loss or damage is less than
"very substantial":  

(a) The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, shall promptly obtain
reliable and detailed estimates of the cost of repairing and restoration.  

(b) If the damage or loss is limited to the common elements with no, or minimum, damage or loss to any individual units and if such damage
or loss to the common elements is less than 3,000.00, the insurance proceeds shall be endorsed by the Insurance Trustee over to the
Management Firm, as long as the Management Agreement remains in effect, and thereafter, to the Association, and the Management Firm,
and thereafter the Association, shall promptly contract for the repair and restoration of the damage.  

(c) If the damage or loss involves individual units encumbered by Institutional First Mortgages, as well as the common elements, or if the
damage is limited to the common elements alone, but it is in excess of $3,000.00, the insurance proceeds shall be disbursed by the
Insurance Trustee for the repair and restoration of the property upon the written direction and approval of the Management Firm, as long as
the Management Agreement remains in effect, and thereafter, the Association, provided however, that upon the request of an Institutional
First Mortgagee, the written approval shall also be required of the Institutional First Mortgagee(s) owning and holding first mortgages
encumbering Condominium units in this Condominium where the unpaid balances due on said mortgages to said Institutional First
Mortgagees are equal to $100,000.00 or more. Should written approval be required, as aforesaid, it shall be said Mortgagees' duty to give
written notice thereof to the Insurance Trustee. The Insurance Trustee may rely upon the Certificate of the Management Firm, as long as the
Management Agreement remains in effect, and thereafter, the Association, and the aforesaid Institutional First Mortgagees written approval,
if said Institutional First Mortgagees' approval are required, as to the payee' and the amount to be paid from said proceeds. All payees shall
deliver paid bills and waivers of mechanic's liens to the Insurance Trustee, and execute any Affidavit required by law or by the Management
Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, the aforesaid Institutional First Mortgagees
and the Insurance Trustee, and deliver same to the Insurance Trustee. In addition to the foregoing, the Institutional First Mortgagee whose
approval may be required, as afore described, shall have the right to require the Management Firm, and thereafter, the Association, to obtain
a Completion, Performance and Payment Bond,  

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8414 pg 736 ↓

in such form and amount, and with a Bonding Company authorized to do business in the State of Florida, as are acceptable to the said
Mortgagees. (d) Subject to the foregoing, the Management Firm, as long as the Management Agreement remains in effect, and thereafter,
the Board of Directors of the Association, shall have the right and obligation to negotiate and contract for the repair and restoration of the
premises.

(e) If the net proceeds of the insurance are insufficient to pay for the estimated cost of restoration and repair (or for the actual cost thereof if
the work has actually been done,) Management Firm, as long as the Management Agreement remains in effect, and thereafter, the
Association, shall promptly, upon determination of the deficiency, levy a special" assessment against all unit owners in proportion to the unit
owner's share in the common elements for that portion of the deficiency as is attributable to the cost of restoration of the common elements,
and against the individual owners for that portion of the deficiency as is attributable to his individual unit; provided, however, that if the
Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Board of Directors of the Association, finds
that it cannot determine with reasonable certainty the portion of the deficiency attributable to a specific individual damaged unit(s), then the
Management Firm, as long as the Management Agreement remains in effect, acting on behalf of the Board of Directors, and thereafter the
Board of Directors of the Association, shall levy an assessment for the total deficiency against all of the unit owners in proportion to the unit
owners' share in the common elements, just as though all of said damage had occurred in the common elements. The special assessment
funds shall be delivered by the Management Firm, and thereafter, the Association to the Insurance Trustee, and added by said Insurance
Trustee to the proceeds available for the repair and restoration of the property.

(f) No mortgagee shall have the right to require the application of insurance proceeds to the payment of its loan.  

6. "
Very Substantial" Damage: As used in this Declaration, or any other context dealing with this Condominium, the term "very substantial"
damage shall mean loss or damage whereby three-fourths (3/4ths) or more of the total unit space in the Condominium is rendered
untenantable, or loss or damage whereby seventy-five percent (75%) or more of the total amount of insurance coverage (placed as per Article
XII.B.I.) becomes payable. Should such "very substantial" damage occur, then: -
(a) The Management Firm, as long as the Management Agreement remains in effect, acting on behalf of the Board of Directors of the
Association and thereafter, the Association, shall promptly obtain reliable and detailed estimates of the cost of  repair and restoration thereof.

(b) The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Board of Directors of the
Association, shall ascertain as promptly as possible the net amount of insurance proceeds available for restoration and repair. No
mortgagee shall have the right to require the application of insurance proceeds to the payment of its loan.

(c) Thereupon, a membership meeting shall be called by the Management Firm, or by the Board of Directors of Association, to be held not
later than sixty (60) days after the casualty, to determine the wishes of the membership with reference to the termination of the
Condominium, subject to "the following: -

(i) If the net insurance proceeds available for restoration and repair are sufficient to cover the cost thereof, so that no special assessment
required, then the Condominium property shall be restored and repaired, unless two thirds (2/3rds of the total votes of the members of the
Association shall vote to terminate in which case the Condominium property shall be re-  

D-15
8414 pg 737 ↓

moved from the provisions of the law by the recording of an instrument terminating this Condominium in the Public Records of the County in
which this Condominium is located, which said instrument shall further set forth the facts effecting the termination, certified by the
Association and executed by its President and Secretary. The termination of the Condominium shall become effective upon the recording of
said instrument, and the unit owners shall thereupon become owners as tenants in common in the property - i.e, the real, personal, tangible
and intangible personal property, and any remaining structures of the Condominium, and their undivided interests in the property shall be the
same as their undivided interests in the common elements of this Condominium prior to its termination, and the mortgages and liens upon
Condominium parcels shall become mortgages and liens upon the undivided interests of such tenants in common, with the same priority as
existed prior to the termination of the Condominium.

(ii) If the net insurance proceeds available for restoration and repair are not sufficient to cover the costs thereof, so that a special
assessment will be required, and if a majority of the total votes of the members of the Association shall vote against such special
assessment and to terminate this Condominium, then it shall be so terminated and the Condominium property removed from the provisions
of the law as set forth in Paragraph 6.'(c)(i) above, and the unit owners shall be tenants in common in the property in such undivided
interests - and all mortgages and liens upon the Condominium parcels shall encumber the undivided interests of such tenants in common,
as is provided in said Paragraph 6.(c)(i) above. In the event a majority of the total votes of the members of the Association vote in favor of
special assessments, the Management Firm, as long as the Management Agreement remains in effect, acting on behalf of the Association,
and thereafter the Association, shall immediately levy such assessment and, thereupon, the Management Firm, as long as the Management
Agreement remains in effect and thereafter, the Association, shall proceed to negotiate and contract for such repairs and restoration, subject
to the provisions of Paragraph 5.(c) and (d) above.

The special assessment funds shall be delivered by the Management Firm, and thereafter by the Association, to the Insurance Trustee and
added by said Trust to the proceeds available for the restoration and repair of the property. The proceeds shall be disbursed by the insurance
Trustee for the repair and "restoration of the property, as provided in Paragraph 5.(c) above.

(d) In the event any dispute shall arise as to whether or not "very substantial" damage has occurred, it is agreed that such a finding made by
the Management Firm, as long as the Management Agreement remains in effect, and thereafter, by the Board of Directors of the
Association, shall be binding upon all unit owners.

7.
Surplus:- It shall be presumed that the first monies disbursed in payment of costs of repair and restoration shall be from
the Insurance proceeds; and if there is a balance in the funds held by the Insurance Trustee after the payment of all costs of the repair and
restoration, such balance shall be distributed to the beneficial owners of the fund in the manner elsewhere provided herein.

8.
Certificate:- The Insurance Trustee may rely upon a Certificate of the Management Firm, as long as the Management Agreement remains
in effect, and thereafter, of the Association, certifying as to whether or not the damaged property is to be repaired and restored. Upon
request of the Insurance Trustee, the Management Firm, and thereafter, the Association, shall forthwith deliver such Certificate.

9.
Plans and Specifications:- Any repair and restoration must be substantially in accordance with the Plans and Specifications for the
original building, or as the building was last constructed, or according to the plans approved by the Management Firm and the Board of
Directors of the Association which approval shall not be unreasonably withheld. If any material or substantial change is contemplated the
approval of all institutional First Mortgages shall also be required.   

10.
Association's Power to Compromise Claim:- The Management Firm, as long as the Management Agreement: remains in effect, and
there-  

D-16
8414 pg 738 ↓

after, the Association, is hereby irrevocably appointed Agent for each unit owner, for the purpose of compromising and settling claims arising
under Insurance Policies purchased by the Management Firm, and thereafter, by the Association, and to execute and deliver Releases
therefor upon the payment of claims.

11.
Institutional Mortgagee's Right to Advance Premiums. -
Should the Association fail to pay such premiums when due, or should the Association fail to comply with other insurance requirements of
the institutional mortgagee holding the greatest dollar volume of unit mortgages, said institutional mortgagee (s) shall have the right, at its
option, to order insurance policies and to advance such sums as are required to maintain or procure such insurance, and to the extent of the
money so advanced, said mortgagee shall be subrogated to the assessment and lien rights of the Association as against the individual unit
owners for the payment of such item of common expense.

C.
WORKMEN'S COMPENSATION POLICY - to meet the requirements of law.

D. Such other insurance as the Management Firm, as long as the Management Agreement remains in effect and, thereafter, the Board of
Directors of the Association, shall determine from time to time to be desirable.

E. Each individual unit owner shall be responsible for purchasing, at his own expense, liability insurance to cover accidents occurring within
his own unit, and for purchasing insurance upon his own personal property.

F. If available, and where applicable, the Management Firm, and thereafter, the Association, shall endeavor to obtain policies which provide
that the Insurer waives its right of subrogation as to any claims against unit owners, the Association, their respective servants, agents and
guests, and the Management Firm. Insurance Companies authorized to do business in the State of Florida shall be affirmatively presumed to
be good and responsible companies and the Management Firm and Board of Directors of the Association shill not be responsible for the
quality or financial responsibility of the Insurance Companies provided same are licensed to do business in the State of Florida.

XIII.
USE AND OCCUPANCY

The owner of a unit shall occupy and use his unit as a single family private dwelling for himself and the members of his family and his social
guests, and for no other purpose. The provisions of Article XI.B.6(b) are paramount to the foregoing provisions. Occupancy of a unit on a
permanent basis is limited to two (2) individuals for all 1-bedroom units and four (4) individuals for all 2-bedroom units and six (6) individuals
for all 3-bedroom units; however, individuals in excess of this number may be permitted to visit and temporarily reside in a unit in this
Condominium not to exceed sixty (60) days in total in any calendar year.

The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, shall have the right to
extend said period of visitation within any calendar year. The unit owner shall not permit or suffer anything to be done or kept in his unit
which will increase the rate of insurance in the Condominium property, or which will obstruct or interfere with the rights of other unit owners,
or annoy them by unreasonable noises, or otherwise, nor shall the unit owners commit or permit any nuisance, immoral or illegal acts in or
about the Condominium property. No animals or pets of any kind shall be kept in any unit or on any property of the Condominium, except
with the written consent of and subject to the Rules and' Regulations adopted by the Management Firm for the keeping of said pets, as long
as the Management Agreement remains in effect, and thereafter the Board of Directors: provided

D-17
8414 pg 739 ↓

that they are not kept, bred or maintained for any commercial purposes and further provided that such house pets causing or creating a
nuisance or unreasonable disturbance shall be permanently removed from the property subject to these restrictions upon three (3) days
written notice from the Management Firm or the Board of Directors of the Association. Once permission is granted, as provided in this
paragraph, it may not be withdrawn or terminated unless such house pet has caused or created a nuisance or unreasonable disturbance as
provided in this paragraph.  

The unit owner shall not cause anything to be affixed or attached to, hung, displayed or placed, on the exterior walls, doors or windows of
the units, building(s), nor the limited common elements or the common elements, nor shall they cause awnings or storm shutters, screens,
enclosures and the like to be affixed or attached to any units, limited common elements or common elements; nor shall they place any
furniture or equipment outside their unit except with the prior written consent of the Management Firm, as long as the Management
Agreement remains in effect, and thereafter, of the Board of Directors and further, when approved, subject to the Rules and Regulations
adopted by the Management Firm or Board of Directors.

No laundry facilities or equipment shall be permitted in any unit or elsewhere without the written consent of the Management Firm, as long
as the Management Agreement remains in effect, and thereafter, of the Board of Directors of the Association.

The unit owner may not enclose the exterior terrace, balcony or patio which abuts a unit without the prior written consent of the Management
Firm, and thereafter, the Association; however, the Developer shall have the absolute right to enclose or screen in said exterior terrace,
balcony or patio and said Developer shall have the absolute right to determine what type and style of enclosures shall be permitted as to
said terrace, balcony or patio, notwithstanding the fact that the prior written consent of the Management Firm, and thereafter, the
Association is required.

No person shall use the common elements or any part thereof, or a Condominium unit, or the Condominium property, or any part thereof, in
any manner contrary to or not in accordance with such Rules and Regulations pertaining thereto, as from time to time are promulgated by
the Management Firm, as long as the Management Agreement remains in effect, and thereafter, by the Association. The common elements
of the Condominium include a recreation building with improvements therein and a swimming pool adjacent thereto, plus an additional
swimming pool and a wading pool. The foregoing shall be referred to as the recreation area and facilities of this Condominium and said areas
and facilities shall be improved, as determined solely by the Developer and within the time provided in Article VII of this Declaration. The
recreation  improvements shall be shown on Exhibit No. 1 to this Declaration pursuant to Article III and as required by the Florida Statutes.

XIV.
MAINTENANCE AND ALTERATIONS

A. The Board of Directors of the Association may enter into a Contract with any firm, person or corporation, or may join with other
Condominium Associations and entities in contracting for the maintenance and repair of the Condominium property(s) and other type
properties, and may contract for or may join with other Condominium Associations in contracting for the management of the Condominium
property(s) and other type properties, and may delegate to the Contractor or Manager all the powers and duties of the Association, except
such as are specifically required by this Declaration, or by the By-Laws, to have the approval of the Board of Directors or the membership of
the Association. The Contractor or Manager may be authorized to determine the budget, make assessments for common expenses and
collect assessments, as provided by this Declaration, By-Laws, and Exhibits to the Declaration. The Association, through its Board of
Directors, has entered into a Management Agreement, attached hereto as "Exhibit No. 4", which encompasses the provisions of this
paragraph.

B. There shall be no alterations or additions to the common elements or limited common elements of this Condominium where the cost

D-18
8414 pg 740 ↓

thereof is in excess of twenty percent (20%) of the annual budget of this Condominium for common expenses, except as authorized by the
Management Firm, as Long as the Management Agreement remains in effect, and the Board of Directors, and approved by not less than
seventy-five percent (75%) of the total vote of the unit owners of this Condominium; provided the aforesaid alterations or additions do not
prejudice the right of any unit owner, unless his consent has been obtained. The cost of the foregoing shall be assessed as common
expenses. Where any alteration or additions, as afore described - i.e, as to the common elements or limited common elements of this
Condominium, are exclusively or substantially exclusively for the benefit of the unit owner(s) requesting same, then the cost of such
alterations or additions shall be assessed against and collected solely from the unit owner(s) exclusively or substantially exclusively  
benefiting, and the assessment shall be levied in such proportion as may be determined as fair and equitable by the Management Firm, as
long as the Management Agreement remains in effect, and thereafter, by the Board of Directors of the Association. Where such alterations
or additions exclusively or substantially exclusively benefit unit owners requesting same, said alterations or additions shall only be made
when authorized by the Management Firm, as long as the Management Agreement remains in effect, and the Board of Directors, and
approved by not less than seventy-five percent (75%) of the total vote of the unit owners exclusively or substantially exclusively benefiting
there from, and where said unit owners are ten (10) or less, the approval of all but one shall be required. The foregoing is subject to the
written approval of the Management Firm as long as the Management Agreement remains in effect.

Where the approval of unit owners for alterations to the common elements or limited common elements of this Condominium is required in
this Declaration and Exhibits attached hereto, the approval of Institutional First Mortgagees whose mortgages encumber Condominium
parcels in this Condominium representing not less than seventy percent (70%) of the total unpaid dollar indebtedness as to principal on said
parcels at said time shall also be required.

C. Each unit owner agrees as follows:-
1. To maintain in good condition and repair his unit and all interior surfaces within his unit and the entire interior of his unit, and to maintain
and repair the fixtures and equipment therein, which includes but is not limited to the following, where applicable air-conditioning and heating
unit, including compressor and condenser and all appurtenances thereto wherever situated, and hot water "heater, refrigerator, stove and all
other appliances, drains, plumbing fixtures and connections, sinks, all plumbing and water-lines within the unit, electric panels, electric
wiring and electric outlets and fixtures within the unit; interior doors, windows, screening and glass, all exterior doors (except the painting of
the exterior of exterior doors shall be a common expense of the Condominium); and pay for his electricity and telephone. Water, sewage
and waste fees, if applicable, shall be a part of the common expenses if billed to the Condominium as a whole or to each building in the
Condominium; however, if individual bills are sent to each unit by the party furnishing said service, each unit owner shall pay said bill for his
unit individually. Where a unit is carpeted, the cost of maintaining and replacing the carpeting shall be borne by the owner of said unit. Each
unit owner shall maintain, care for and preserve portions of the limited common elements, as provided in Article XV of this Declaration.  

2. Not to make or cause to be made any structural addition or alteration to his unit or to the limited common elements or common elements.
Alterations within a unit may be made with the prior written consent of the Management Firm and the Association, and any First Mortgagee
holding a mortgage on his unit.  

3. To make no alterations, decoration, repair, replacement or change of the common elements, limited common elements, or to any outside
or exterior portion of the building(s) whether within a unit or part of the Limited common elements or common elements without the prior
written consent of the Management Firm, as long as the Management Agreement remains in effect and, thereafter, the Association. Carpeted

D-19
8414 pg 741 ↓

areas within a unit may only be changed as to the type of floor covering other than carpeting with the prior written consent of the
Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association. Non- carpeted areas within a
unit or within a limited common element which is for the exclusive use of a unit may only be changed as to the type of floor surface thereon
with the prior written consent of the Management Firm, as long as the Management Agreement remains in effect, and thereafter, the
Association. Unit owners may use such contractor or sub-contractor as are approved by the Management Firm, and thereafter, the
Association, and said parties shall comply with all Rules and Regulations adopted by the Management Firm and, thereafter, the Board of
Directors. The unit owner shall be liable for all damages to another unit, the common elements or the Condominium property caused by the
unit owner's contractor, sub-contractor, or employee, whether said damages are caused by negligence, accident or otherwise.

4. To allow the Management Firm, the Board of Directors, or the agents or employees of the Management Firm or the Association, to enter
into any unit for the purpose of maintenance, inspection, repair, replacement of the improvements within the units, limited common elements
or the common elements, or to determine in case of emergency, circumstances threatening units, limited common elements or the common
elements, or to determine compliance with the provisions of this Declaration and the By-Laws of the Association.

5. To show no signs, advertisements or notices of any type on the common elements, limited common elements, or his unit, and to erect no
exterior antenna or aerials, except as consented to by the Management Firm, as long as the Management Agreement remains in effect and
thereafter, by the Board of Directors of the Association.
The foregoing includes signs within a unit which are visible from outside the unit.

D. In the event the owner of a unit fails to maintain the said unit and limited common elements, as required herein, or makes any alterations
or additions without the required written consent, or otherwise violates or threatens to violate the provisions hereof, the Association, or the
Management Firm on behalf of the Association, and on its own behalf, shall have the right to proceed in a Court of equity for an injunction to
seek compliance with the provisions hereof. In lieu thereof and in addition thereto, the Management Firm, as long as the Management
Agreement remains in effect, and thereafter, the Association, shall have the right to levy an assessment against the owner of a unit, and the
unit, for such necessary sums to remove any unauthorized addition or alteration and to restore the property to good condition and repair.
Said assessment shall have the same force and effect as all other special assessments. The Management Firm, as long as the
Management Agreement remains in effect, and thereafter, the Association, shall have the further right to have its employees or agents, or
any sub-contractors appointed by it, enter a unit at all reasonable times to do such work as is deemed necessary by the Management Firm,
as long as the Management Agreement remains in effect, and thereafter, by the Board of Directors of the Association, to enforce compliance
with the provisions hereof.

E. The Management Firm, as long as the Management Agreement remains in effect, and thereafter, the Association, shall determine the
exterior color scheme of the buildings and all exteriors, and interior color scheme of the common elements, and shall be responsible for the
maintenance thereof, and no owner shall paint an exterior wall, door, window, or any exterior surface, or replace anything thereon or affixed
thereto, without the written consent of the Management Firm, as long as the" Management Agreement remains in effect and thereafter, the
Association,

F. The Association shall be responsible for the maintenance, repair and replacement of the common elements, and all portions of the
Condominium property not required to be maintained, repaired and/or replaced by the unit owner(s); however, said responsibility has been
undertaken by the Management Firm, as long as the Management Agreement remains in effect, as provided in the Management Agreement
attached

D-20
8414 pg 742 ↓

hereto as Exhibit No. 5. Notwithstanding the fact that the maintenance and repair of the air-conditioning and heating unit, including
compressor and condenser and all appurtenances thereto, is the responsibility of the applicable unit owner, the Management Firm, as long
as the Management Agreement remains in effect, and thereafter, the Association, may enter into a maintenance and service contract with
an air-conditioning firm on such basis as it deems advisable for and on behalf of all unit owners and, in such event, the monthly
assessments due from each unit: owner shall be increased by such sum as the Management Firm, and thereafter, the Association, deems
fair and equitable under the circumstances in relation to the monthly charge for said maintenance and service contract. The aforesaid
assessment shall be deemed to be an assessment under the provisions of Article X of this Declaration.

XV.
LIMITED COMMON ELEMENTS

Those areas reserved for the use of certain unit owners or a certain unit owner, to the exclusion of other unit owners, are designated as
"limited common elements", and are shown and located on the Surveys annexed hereto as "Exhibit No. 1". Any expense for the
maintenance, repair or replacement relating to limited common elements shall be treated as and paid for as part of the common expenses of
the Association unless otherwise specifically provided in this Declaration and Exhibits attached hereto. Should said maintenance, repair or
replacement be caused by the negligence or misuse by a unit owner, his family, guests, servants and invitees, he shall be responsible
therefor, and the Management Firm, as long as the Management Agreement remains in-effect, and thereafter, the Association, shall have
the right to levy an assessment against the owner of said unit, which assessment shall have the same force and effect as all other special
assessments.

Where the limited common element consists of a terrace, balcony or patio, the unit owner who has the right to the exclusive use of said
terrace, balcony or patio, shall be responsible for the maintenance, care and preservation of the paint and surface of the interior walls and
windows or screening thereon, where applicable, including floor and ceiling, within said exterior terrace, balcony or patio, and the fixed
and/or sliding glass doors) in the entrance way(s) to said terrace, balcony or patio, and the wiring, electrical, outlet and fixtures thereon, if
any, and the replacement of light bulbs, if any. There is a terrace, balcony or patio adjacent to each Condominium unit within this
Condominium and said terrace, balcony or patio adjoining and adjacent to each unit is a limited common element of said unit and for said
unit's exclusive use. The applicable provisions in Article XIII of this Declaration as to the terraces, balconies and patios as set forth therein
shall be deemed repeated herein.

Individual parking spaces are located upon paved portions of the Condominium property. Each Condominium unit shall be entitled to the use
of one (1) parking space; however, the use of specific parking spaces shall not be assigned to unit owners or others and the parking spaces
located upon a Condominium are for the use of the unit owners and no unit owner shall be entitled to the continued use of any specific
parking space. The paved portion of the Condominium property contains more parking spaces than there are units in said Condominium and
said additional parking spaces shall be for the use of unit owners and guests.

All parking by unit owners and their guests shall be subject to the Rules and Regulations adopted by the Management Firm, as long as the
Management Agreement remains in effect, and thereafter, the Board of Directors of the Association.

XVI.
TERMINATION

This Condominium may be voluntarily terminated, in the manner provided for in Section 16 of the Condominium Act at any time; however, the
written consent of the Management Firm, as long as the Management Agreement remains in effect, shall also be required. In addition
thereto when there has been "very substantial" damage, as defined in Article XII.B.6 above, this Condominium shall be subject to termination
as

D-21
8414 pg 743 ↓

provided in Article XII.B.6, and in this event, the consent of the Management Firm shall not be required. In addition thereto, if the proposed
voluntary termination is submitted to a meeting of the membership of the Association, pursuant to notice, and is approved in writing within
sixty (60) days of said meeting by three-fourths (3/4ths) of the total vote of the members of the Association, and by all Institutional
Mortgagees, and the Management Firm, then the Association and the approving owners, if they desire, shall have an option to purchase all
of the parcels of the other owners within a period expiring one-hundred twenty (120) days from the date of such meeting. Such approvals
shall be irrevocable until the expiration of the option, and if the option is exercised, the approvals shall be irrevocable.
The option shall be exercised upon the following terms:

A.
Exercise of Option:- An Agreement to Purchase, executed by the Association and/or the record owners of the Condominium parcels who
will participate in the purchase, shall be delivered by personal delivery or mailed by Certified or Registered Mail to each of the record owners
of the Condominium parcels to be purchased, and such delivery shall be deemed the exercise of the option. The Agreement shall indicate
which Condominium parcels will be purchased by each participating owner and/or the Association, and shall require the purchase of all
Condominium parcels owned by owners not approving the termination, but the Agreement shall effect a separate contract between the seller
and his purchaser.

B.
Price;-The sale price for each condominium parcel shall be the fair market value determined by agreement between the seller and the
purchaser within thirty (30) days from the delivery or mailing of such Agreement; and in the absence of agreement as to price, it shall be
determined by Appraisers appointed by the Senior Judge of the Circuit Court in and for the area wherein the Condominium is located, on the
Petition of the seller. The expenses of appraisal shall be paid by the purchaser.

C.
Payment:- The purchase price shall be paid in cash.

D.
Closing:- The sale shall be closed within thirty (30) days following the determination of the sale price.

XVII.
MANAGEMENT AGREEMENT

The Association has entered into a Management Agreement, a copy of which is annexed hereto as Exhibit No. 4, and made a part hereof.
The Association has delegated to the Management Firm the power of the Association, through its Board of Directors, to determine the
Budget, make assessments for common expenses and collect assessments. Each unit owner, his heirs, successors and assigns, shall be
bound by said Management Agreement for the purposes therein expressed, including but not limited to:

A. Adopting, ratifying, confirming and consenting to the execution of said Management Agreement by the Association.

B. Covenanting and promising to perform each and every of the covenants, promises and undertakings to be performed by unit owners in the
cases provided therefor in said Management Agreement.

C. Ratifying, confirming and approving each and every provision of said Management Agreement, and acknowledging that all of the terms and
provisions thereof are reasonable.

D. Agreeing that the persons acting as Directors and Officers of the Association entering into such an Agreement have not breached any of
their duties or obligations to the Association.

E. It is specifically recognized that some or all of the persons comprising the original Board of Directors of the Association, are or may be
stockholders, officers and directors of the Management Firm, and that such circumstance shall not and cannot be construed or considered
as a breach of their duties and obligations to the Asso-

D-22
8414 pg 744 ↓

ciation, nor as possible grounds to invalidate such Management Agreement, in whole or in part.

F. The acts of the Board of Directors and Officers of the Association in entering into the Management Agreement be and the same are
hereby ratified, approved, confirmed and adopted. The Association and unit owners further agree that the monthly assessments to be paid
by unit owners for common expenses may include such special assessments incurred by a unit owner for charges for guests and invitees of
said unit owner, or temporary residents in said unit as to the use of facilities, including recreation facilities and for any special services and
charges.

XVIII.
MISCELLANEOUS PROVISIONS

A. Each unit owner, future unit owner, lessee, sub-lessee, heir or occupant must obtain the approval of the Management Firm, as long as
the Management Agreement remains in effect, as to the matters specified in Article XI hereof, and as provided herein. The approval of the
Management Firm shall not be unreasonably withheld. The consent of the Board of Directors, in recordable form, in order to be deemed
effective shall be required to be approved by the Management Firm. The special provisions of Article XI.B.6 of this Declaration of
Condominium shall be deemed applicable to this provision and where prior offer and consent of the Board of Directors of the Association as
provided in said Article XI.B.6, is not required, the approval of the Management Firm, as required by this provision, shall not be required. The
Management Firm may, by an instrument in writing, waive its required approval as to any matters specified in Article XI of this Declaration of
Condominium.

B. The owners of the respective Condominium units shall not be deemed to own the undecorated and/or unfinished surfaces of the
perimeter walls, floors and ceilings surrounding their respective Condominium units, nor shall the unit owner be deemed to own pipes, wires,
conduits or other public utility lines running through said respective Condominium units which are utilized for or serve more than one
Condominium unit, which items are, by these presents, hereby made a part of the common elements. Said unit owner, however, shall be
deemed to own the walls and partitions which are contained in said unit owners Condominium unit, and shall also be deemed to own the  
inner decorated and/or finished surfaces of the perimeter walls, floors, and ceilings, including plaster, paint, wallpaper, etc however, all load
bearing walls located within a condominium unit are a part of the common elements to the unfinished surface of said walls.

C. The owners of the respective Condominium units agree that if any portion of a Condominium unit or common element or limited common
element encroaches upon another, a valid easement for the encroachment and maintenance of same so long as it stands, shall and does
exist. In the event a Condominium building or buildings are partially or totally destroyed and then rebuilt, the owners of the condominium
parcels agree that encroachments on parts of the common elements or limited common elements or Condominium units, as afore
described, due to construction, shall be permitted and that a valid easement for said encroachments and the maintenance thereof shall exist.

D. No owner of a Condominium parcel may exempt himself from liability for his contribution toward the common expenses by waiver of the
use and enjoyment of any of the common elements or the recreation facilities, or by the abandonment of his Condominium unit.

E. Where required, the owners of each and every Condominium parcel shall file a return as to said parcel, for the purpose of ad valorem
taxes with the Tax Assessor of the County wherein the Condominium is situate, or for such other future legally authorized governmental
officer or authority having jurisdiction over same. Nothing herein shall be construed, however, as giving to any unit owner the right of
contribution or any right of adjustment against any other unit owner on account of any deviation by the taxing authorities from

D-23
8414 pg 745 ↓

the valuation herein prescribed, each unit owner to pay ad valorem taxes and special assessments as are separately assessed against his
Condominium parcel. For the purpose of ad valorem taxation, the interest of the owner of a Condominium parcel, in his Condominium unit
and in the common elements, shall be considered a unit. The value of said unit shall be equal to the percentage of the value of the entire
Condominium, including land and improvements, as has been assigned to said unit and as set forth in this Declaration. The total of all of
said percentages equals 100% of the value of all of the land and improvements thereon.

F. All provisions of this Declaration and Exhibits attached hereto, and Amendments thereof, shall be construed as covenants running with
the land, and of every part thereof and interest therein, including but not limited to every unit and the appurtenances thereto, and every unit
owner and occupant of the property, or any part thereof, or of any interest therein, and his heirs, executors, administrators, successors and
assigns, shall be bound by all of the provisions of said Declaration and Exhibits annexed hereto and any Amendments thereof.

G. If any of the provisions of this Declaration, or of the By-Laws, the Articles of Incorporation of the Association, the Management
Agreement, or of the Condominium Act, or any section, clause, phrase, word, or the application thereof, in any circumstance, is held invalid
the validity of the remainder of this Declaration, the By-Laws, Articles of Incorporation and Management Agreement, or the Condominium
Act, and of the application of any such provision, action, sentence, clause, phrase or word, in other circumstances, shall not be affected
thereby.

H. Whenever notices are required to be sent hereunder, the same may be delivered to unit owners either personally or by mail, addressed to
such unit owners at their place of residence in the Condominium, unless the unit owner has, by written notice duly receipted for, specified a
different address. Proof of such mailing or personal delivery by the Association or Management Firm shall be given by the Affidavit of the
person mailing or personally delivering said notices. Notices to the Association shall be delivered by mail to the Secretary of the
Association, at the Secretary's residence in the Condominium, or in case of the Secretary's absence, then the President of the Association
at his residence in the Condominium, and in his absence, any member of the Board of Directors of the Association. The change of the
mailing address of any party as specified herein shall not require an Amendment to this Declaration.

Notices to the Developer shall be delivered by mail at: 6000 N. University Drive, Fort Lauderdale, Florida 33313
Notices to the Management Firm shall be delivered by mail at: 6000 N. University Drive, Fort Lauderdale, Florida 33313

All notices shall be deemed and considered sent when mailed. Any party may change his or its mailing address by written notice, duly
receipted for. Notices required to be given the personal representatives of a deceased owner or devisee, when there is no personal
representative, may be delivered either personally or by mail to such party at his or its address appearing in the records of the Court wherein
the Estate of such deceased owner is being administered. The change of the mailing address of any party, as specified herein, shall not
require an amendment to the Declaration.

I. Nothing herein above set forth in this Declaration shall be construed as prohibiting the Developer or the Management Firm, as long as
the Management Agreement remains in effect, and thereafter, the Board of Directors of the Association, from authorizing the removal of or
removing any party wall between any Condominium units in order that the said units might be used together as one integral unit. In each
event, all assessments, voting rights and the share of the common elements shall be calculated as if such units were as originally
designated on the Exhibits attached to this Declaration, notwithstanding

D-24
8414 pg 746 ↓

the fact that several units are used as one, to the intent and purpose that the unit owner of such combined units shall be treated as the unit
owner of as many units as have been so combined. The Developer shall have the right to use a portion of the common elements of the
Condominium property for the purpose of aiding in the sale of Condominium units including the right to use portions of the Condominium
property for parking for prospective purchasers and such other parties as Developer determines. The foregoing right shall mean and include
the right to display and erect signs, billboards and placards and store, keep and exhibit same and distribute audio and visual promotional
materials upon the common elements of the Condominium property.

J. The "Remedy for Violation" provided for by Section 23 of the Condominium Act, shall be in full force and effect. In addition thereto, should
the Association or the Management Firm, on behalf of the Association, or on its own behalf, find it necessary to bring a Court action to bring
about compliance with the law, this Declaration and Exhibits attached to this Declaration, upon a finding by the Court that the violation
complained of is willful and deliberate, the unit owner so violating shall reimburse the Management Firm and the Association for reasonable
attorney's fees incurred by it in bringing such action, as determined by the Court.

K. Subsequent to the filing of this Declaration of Condominium, the Condominium Association - when authorized by a vote of the majority of
the total vote of the members of the Association, and approved by the owners and holders of Institutional First Mortgages encumbering
Condominium parcels who represent a majority of the dollar institutionally mortgaged indebtedness against this Condominium and the
Management Firm, as long as the Management Agreement remains in effect, may, together with other Condominium Associations and
others, purchase and/or acquire and enter into agreements, from time to time, whereby it acquires leaseholds, memberships, and other
possessory or use interests in lands or facilities, including but not limited to country clubs, golf courses, marinas, and other recreational
facilities, whether or not contiguous to the lands of the Condominium intended to provide for the enjoyment, recreation and other use or
benefit of the unit owners. The expense of ownership, rental membership fees, operations, replacements and other undertakings in
connection therewith shall be common expenses, together with all other expenses and costs herein or by law defined as common
expenses. The provisions of this Paragraph K are paramount to and superior to Article VII of this Declaration as to the matters set forth in
this Paragraph.

L. Whenever the context so requires, the use of any gender shall be deemed to include all  genders, and the use of the singular shall include
the plural, and plural shall include the singular. The provisions of the Declaration shall be liberally construed to effectuate its purpose of
creating a uniform plan for the operation of a Condominium.

M. The captions used in this Declaration of Condominium and Exhibits annexed hereto are inserted solely as a matter of convenience and
shall not be relied upon and/or used in construing the effect or meaning of any of the text of this Declaration or Exhibits hereto annexed.

N. Where an Institutional First Mortgage, by some circumstance, fails to be a First Mortgage, but it is evident that it is intended to be a First
Mortgage, it shall, nevertheless, for the purpose of this Declaration and Exhibits annexed, be deemed to be an Institutional First Mortgage.

0. If any term, covenant, provision, phrase or other element of the Condominium documents is held invalid or unenforceable for any reason
whatsoever, such holding shall not be deemed to affect, alter, modify or impair in any manner whatsoever any other term, provision, covenant
or element of the Condominium documents.

P. The Developer specifically disclaims any intent to have made any warranty or representation in connection with the property or the
Condominium documents, except as specifically set forth therein,

D-25
8414 pg 747 ↓

and no person shall rely upon any warranty or representation not so specifically made therein. Common expenses, taxes or other charges
are estimates only and no warranty, guaranty or representation is made or intended, nor may one be relied upon. The Developer has
constructed the buildings and improvements substantially in accordance with the Plans and Specifications on file in the Building and Zoning
Department of the applicable Governmental authority, and as same have been modified, and this is the full extent of the Developer's liability
and responsibility, The Developer shall not be responsible for conditions resulting, from condensation on or expansion or contraction of
materials, paint over walls, both interior and exterior, loss or injury caused in any way by the elements; the water tightness of windows and
doors, defects which are the result of characteristics common to the materials used, and damage due to ordinary wear and tear or abusive
use, collection of water within the buildings or on any portion of the Condominium property nor anything of any type or nature except such
items as are specifically delineated and agreed to in writing between the Developer and the individual unit owner and it shall be understood
and agreed that the Developer shall bear no responsibility in any way as to the matters provided in this paragraph to the Condominium
Association and unit owners. Guaranties have been obtained from certain Sub-Contractors, and warranties have been obtained from the
manufacturer of certain appliances and equipment, as specified by said manufacturer, and it shall be the obligation of the Condominium
Association and its members to enforce such Guaranties and Warranties. Condominium Association, by its execution of this Declaration of
Condominium, approves the foregoing and all of the covenants, terms and conditions, duties and obligations of this Declaration of
Condominium and Exhibits attached thereto.

The Condominium unit owners, by virtue of their acceptance of the Deed of Conveyance as to their Condominium unit, and other parties by
virtue of their occupancy of units hereby approve the foregoing and all of the terms and conditions, duties and obligations of this Declaration
of Condominium and Exhibits attached thereto.

Q.
Escrow Account for Insurance and Certain Taxes:- There may be established and maintained as determined solely by the Management
Firm as long as the Management Agreement remains in effect and, thereafter, by the Board of Directors of the Association, in a local,
National or State Bank, or a Federal or State Savings and Loan Association, two (2) interest bearing Savings and Deposit Accounts, in order
to accumulate sufficient monies for the following purposes:

1. To pay all Insurance premiums for the insurance on the Condominium property obtained and purchased by the Association, pursuant to
Article XII of this Declaration; and,

2. To pay all Real and Personal Property Taxes assessed by the taxing authorities afore described for property owned by the Condominium
or taxes which the Condominium is required to pay as part of its common expenses, which taxes are not included in the taxes assessed by
the taxing authorities against the individual Condominium parcels.

On or before the 30th day of each month, the Management Firm, as long as the Management Agreement remains in effect, and thereafter,  
the Association, may cause two (2) checks to be issued and drawn on the Association's Bank Account - each check being equal
respectively to one-twelfth (l/12th) of the estimated yearly amounts as to Items 1 and 2 above, and said checks shall be immediately
deposited into the appropriate Savings Deposit Account.

These accounts shall be maintained in the State or National Bank or State or Federal Savings and Loan Association owning and holding
the first recorded mortgage encumbering a Condominium unit and upon the aforesaid mortgagee's no longer owning and holding a mortgage
on a unit, then these accounts shall be maintained in the Bank or Savings and Savings and Loan Association having the highest dollar
amount of indebtedness of institutional first mortgages owing against the Condominium units. Where said Institutional First Mortgagee is not
a State or National Bank or State or Federal Savings and Loan Associa-

D-26
8414 pg 748 ↓

tion, said accounts shall be maintained in one of the foregoing as selected by said Institutional First Mortgagee. These accounts shall have
the right of withdrawal restricted to a joint request by the Management Firm, as long as the Management Agreement remains in effect, and
thereafter, the Board of Directors of the Association, and the Institution holding the first recorded mortgage encumbering a unit, and
thereafter, the Institution having the highest dollar amount of indebtedness on units.

If, for any reason, the Association does not pay the Real Property Taxes assessed as to Item 2 above within sixty (60) days after these  
taxes are permitted by law to be paid, then the Institution having the right of withdrawal, as afore described, shall have undisputed right to
withdraw, without the written consent of the Management Firm or Board of Directors of the Association, such sums of money as are
necessary to pay Item 2. Similarly, in the event the annual premium as to Item 1 above is not paid on or before its due date, said Institution
having the right of withdrawal, as afore described, shall have the right, without the necessity of securing the written consent of the
Management Firm or Board of Directors of the Association, to withdraw such sums of money as are necessary to pay the then due
premiums.

Should a Condominium unit owner fail to pay that portion of the monthly assessment relating to Items 1 and 2 above within thirty (30) days
from its due date, the Management Firm and the Association shall have the right, but they are not required, to advance the necessary funds,
so as to deposit the required monthly sum into the Savings Deposit Accounts. The Management Firm and the Association shall have a lien
for all sums so advanced, together with interest thereon. They shall also have the right to assign their lien to any unit owner or group of unit
owners, or to any third party. No such foreclosure action may be brought by said Institution or individual, or group of individuals, where the
necessary funds are advanced until the delinquent unit owner has received not less than ten (10) days written notice in this regard.

R. No Condominium parcel owner shall bring, or have any right to bring, any action for partition or division of the Condominium property.

S. The real property submitted to Condominium ownership herewith is subject to conditions, limitations, restrictions, reservations and all
matters of record, taxes, applicable zoning ordinances now existing or which may hereafter exist, easements for ingress and egress for
pedestrian and vehicular purposes, easements for utility service and drainage now existing or hereafter granted by the Developer for the
benefit of such persons as the Developer designates, and the said Developer shall have the right to grant such easements and designate the
beneficiaries thereof for such time as it determines in its sole discretion, and thereafter, the Association shall be empowered to grant such
easements on behalf of its members. During the period of time that the Developer has the right to grant the foregoing easements, the
consent and approval of the Association and its members shall not be required. The right to grant the foregoing easements shall be subject
to said easements not structurally weakening the buildings and improvements upon the Condominium property nor unreasonably interfering
with the enjoyment of the Condominium property by the Association's members. The Condominium Association and its members, the
Developer, its successors and assigns and designees, by virtue of the execution & of this Declaration and Exhibits attached hereto are
hereby granted an easement for ingress and egress over, through and across the common elements and limited common elements, other
than the parking spaces, terraces, balconies and patios; which are intended for vehicular and pedestrian purposes, and such parties are
further hereby granted a pedestrian easement over and across the common elements and limited common elements of the Condominium
other than the parking spaces, terraces, balconies and patios.

T. Notwithstanding the fact that the present provisions of the Condominium Act of the State of Florida are incorporated by ref-

D-27
8414 pg 749 ↓

ference and included herein thereby, the provisions of this Declaration and Exhibits attached hereto shall be paramount to the Condominium
Act as to those provisions where permissive variances are permitted; otherwise, the provisions of said Condominium Act shall prevail and
shall be deemed incorporated therein.


IN WITNESS WHEREOF, ARROJADO CORPORATION, a California Corporation,  has caused these presents to be signed in its name by
its proper officer and its Corporate Seal affixed, this 10th day of August, 1973.


Signed, sealed and delivered in the presence of:                    ARROJADO CORPORATION, a California Corporation



Merry C. Conde                                                                           By: James Howell, Vice President



Edward S. Resnick                                                                      (DEVELOPER)



STATE OF FLORIDA       )
                   SS:
COUNTY OF DADE         )

BEFORE ME, the undersigned authority, personally appeared ___________ to me well known to be the person described in and who
executed the foregoing Declaration of Condominium as Vice President of ARROJADO CORPORATION, a California Corporation, and he
acknowledged before me that he executed such instrument as such Officer of said Corporation, and that the Seal affixed thereto is the
Corporate Seal of said Corporation, and that it was affixed to said  instrument by due and regular Corporate authority, and that said
instrument is the free act and deed of said Corporation.

WITNESS my hand and Official Seal, at the State and County aforesaid, this 10th day of August, 1973.



My Commission expires:                                            Merry C. Conde                          (SEAL)
                                                                          Notary Public, State of Florida at Large
NOTARY PUBLIC, STATE OF FLORIDA AT LARGE              
MY COMMISSION EXPIRES: NOV. 24, 1975
GENERAL INSURANCE UNDERWRITERS,



FOR GOOD AND VALUABLE CONSIDERATION, the receipt whereof is hereby acknowledged, HEATHER WALK CONDOMINIUM, INC., a
Florida Corporation not for profit, hereby agrees to accept all of the benefits and all of the duties, responsibilities, obligations and burdens
imposed upon it by the provisions of this Declaration of Condominium and Exhibits attached hereto.

IN WITNESS WHEREOF, the above described Corporation, a Florida Corporation not for profit has caused these presents to be signed in its
name by its President, and its Corporate Seal affixed, attested by its Secretary, this 10th day of August, 1973
.                                                               

Signed, sealed and delivered in the presence of:           HEATHER WALK CONDOMINIUM, INC.



Merry C. Conde                                                        By: Howard J. Brafman, President       {Seal}



Edward S. Resnick                                                   Attest: James Howell, Secretary         {Seal}
                                                    

(ASSOCIATION)


D-28
8414 pg750 ↓  

STATE OF FLORIDA       )
                   SS:
COUNTY OF DADE         )

BEFORE ME, the undersigned authority, personally appeared HOWARD J. BRAFMAN and JAMES HOWELL, to me well known to be the
persons described in and who executed the foregoing instrument as President and Secretary respectively of HEATHER WALK
CONDOMINIUM, INC., a Florida Corporation not for profit, and they severally acknowledged before me that they executed such instrument
as such Officers of said Corporation, find that the Seal affixed thereto is the Corporate Seal of said Corporation, and that it was affixed to
said instrument by due and regular Corporate authority, and that the said instrument is the free act and deed of said Corporation.

WITNESS my hand and official Seal at said County and State, this 10th day of August, 1973.


Merry C. Conde                                         {Seal}
Notary public, State of Florida at Large

My Commission Expires:
NOTARY PUBLIC, STATE OF FLORIDA AT LARGE
MY COMMISSION EXPIRES: NOV. 24, 1975
GENERAL INSURANCE UNDERWRITERS,
HEATHER WALK CONDOMINIUM
73 Aug 14  PM 12:16
73R187349
off rec 8414 pg 723
Heather Walk Condominium Incorporated