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HomeMy WebLinkAbout271336-001,. P.�$,F�ti z�.t#�,,;.r.,�. ..'ra>nyrr�ar ,:.:•+�� ,.ti,:«wss+.x+.,�«...,.am--a...•..wu........,,,,,.,..� +, •,�....... .: .. ._: •lrte' 62►AQ 128 0727.5 AMENDMENT Or AL'CLARATICti Or COVENANTS AND RESTRICTIONS ! RELATING TO rASTWOOD COMMONS PsASE III SUNNyRILL SODDMSION i TOWN Or ITRACA, TOMIPKINS COUNTY, NEW YORE The undersigned hereby certify that they are, collectively, the owners of not less than 90% of the lots contained in the Eastwood Commons Phase III Sunnyhill Subdivision described in a Declaration of Covenants and Restrictions dated October 6, 1988, and recorded October 21, 1988 in the Tompkins County Clerk's Office in Liber 32 of Miscellaneous Records at page 1099. Therefore, in accordance with Article X, Section 3 of the aforesaid Declaration, the undersigned hereby amend the Declaration as follows: 1. Article II is amended to add Section 6 as follows: "Section 6. Rental of Residential Units. No person or entity own ng more than one res ent a unit may rent out more than one residential unit and garage (if any) at a time. This Amendment shall not apply to multiple residential units acquired by owners prior to June 1, 1997." 2. Article IV, Section 14 is amended to read as follows: "Section 14. Insurance Coverage and Insurance Assessments. The Board of virectors, or its u y authorized agent, shall have the authority to and shall obtain a blanket policy of insurance for all the buildings including all single family residential units and garages, and for all common area improvements m including without limitation the mailbox gazebo, landscaping and driveway. The cost of such insurance shall be treated as an expense of the Association and included as part of the annual maintenance assessment. The blanket policy will provide all risk insurance in the broadest coverage available on all the buildings and structuren within the Properties, excluding the contents thereof, insuring against loss or damage by fire or x other hazards in the amount sufficient to cover the full replacement cost of any repair or reconstruction work in (p the event of.damage or destruction from any hazard. At some time in the future, the Board of Directors -of the Association may decide, in its sole discretion, by . a vote of seventy—five (75) percent of the Board of Directors to require the individual owners to provide homeowner's policies on their own lot and improvements O thereon (in place of the blanket policy coverage described for above single family residential units and garages) at their own expense, with the coverage and details of the policy being to the complete satisfaction of the Board of Directors insuring against loss or damage by fire or other hazards in the amount sufficient to cover the full replacement cost of any repair or -1- r } w�rwiMawN�sa..+.wwwwM*f+aw.raw:f�+w�a..ws.+a..nnaD+ie�....r�Mr...ue.wX�.' dwm5�a'M�1i+M!F+M-MMa' • • • 116Et 62 /ACE 129 reconstruction work in the event of damage or destruction from any hazard; if the Board of Directors so requires the individual owner to provide his or her own homeowners's policy and if the individual owner does not provide such policy then the Board of Directors, or its duly authorized agent, shall have the authority to and shall obtain insurance on such owner's lot and improvements thereon: Whether blanket or individual policies, such policies shall specifically, cover each unit owner's garage. Such policies shall provide that insurance proceeds paid on account of loss of, or damage to, the real property shall be adjusted with the carrier(s).by the Association and shall be payable solely to the home owner's mortgagee, if any, and the Eastwood Commons Sunnyhill Homeowners Association, Inc., as Insurance Trustee for the homeowner(s). Such insurance proceeds shall be applied to repair or restoration of the property as hereinafter provided. All such insurance policies shall provide that coverage may not be cancelled by the carrier without first giving the Association. and unit mortgagee, if any, ten (10) days written notice of cancellation. All such policies shall contain, if i. obtainable, a waiver of the right of subrogation against any unit owner, members of the unit'owners family, the Eastwood Commons Sunnyhill Association, Inc. its directors, officers, agents, and employees, as well as waives of the "pro-rata" clause. The Association shall also `obtain a broad form 4 public liability policy covering all common areas and all damage or injury caused by negligence of the Association or any of its agents, directors, officers, or employees in the amount of not less than one million dollars for µ each occurrence and such policies shall contain a waiver of the right of subrogation against members of the W Eastwood Commons Sunnyhill Homeowners Association, Inc., its directors, officers and employees. Premiums for insurance obtained by the Board of Directors on any individual residence and garage (other than in the above blanket policy) shall not be part of the common expense or annual maintenance assessment, but " shall be an expense of the owner(s) of the specific ' residence or residences so covered and a debt owed by such owners and shall be paid within 'twenty (20) days ; after notice of such debt and shall be collectible by any procedure permitted by the laws of the State of New York. In addition, if such debt is not paid within twenty (20) days after notice .of such debt, such amount shall automatically become a lien upon such owner's residence Y '? and shall continue to be such lien until fully paid.. This lien shall be subordinate to the lien of any first mortgage and shall be enforceable in the same manner as any lien created by failure to pay the maintenance assessments. - -2- a _...,w. _ .._.__.__ ..__ . _.......a_.. { e J, c Y • X • ma 62 ►sec 130 Any owner may, if he or she wishes, at his or her own expense, carry any and all other insurance he or she d eems advisable beyond that included in policies acquired or required by the Association. In the event of damage or destruction by fire or other casualty to any property covered by insurance payable to the Association as trustees for the homeowner or under the blanket policy, the Board of Directors shall, with the concurrence of mortgagees, if any, upon receipt of insurance proceeds, contract to rebuild or repair such damaged or destroyed portions of the property to as good condition as formerly. All such insurance proceeds shall be deposited in a bank or other financial institution, the accounts of which bank or institution are insured by a Federal governmental agency, with the provision agreed to by said bank.or institution that such funds may be withdrawn only by signature of a least one- third (1/3) of the -members -of the Board of. Directors, or by an agent duly authorized by the Board of Directors of the Association. The Board of Directors shall obtain bids from at least two reputable contractors, and then may negotiate with any such contractors who may be required to provide a full performance and payment bond for the repair or reconstruction or rebuilding of such building or buildings. With respect to any deductible owing or in the event that insurance proceeds are insufficient to pay all costs of repairing and/or rebuilding to as good condition as formerly, the Board of Directors shall levy a special assessment, as provided in Article IV, Section 1, against all owners of the damaged residences (including garages) in such proportions as the Board of Directors deem fair and equitable in the light of the damage sustained by such residences to pay the deductible or to make up any deficiency. To pay any deductible or to make up any deficiency for repair or rebuilding of any improvements in the common area, the special assessment shall be levied against all owners, in equal proportions or in proportion to the rate of payment of annual maintenance and special assessments whichever method of payment is determined to be fairer under the circumstances by the Board of Directors of the Association. In the event such insurance proceeds exceed the cost of repair and reconstruction, such excess shall be paid over to the respective mortgagees and owners in such proportions as the Board of Directors deem fair and equitable in light of the damage sustained by such residences. Such payments shall be made to all such owners and their mortgagees as their interests may appear. Notwithstanding the foregoing provisions of this Section 14, it is further provided that the requirement for the maintenance of insurance on a residence shall not apply to any residence acquired by the Veteran's. Administration or Federal Housing Administration under a mortgage foreclosure during the period of.ownership by either of said Veteran's Administration or Federal -3- • • • r ,ab � Housing Administratdn:' 3. Article X, Section 3 is amended to read as follows: "Section 3. Amendment. The covenants and restrictions o ti t ii D 7arat_ion shall run with and bind the land, for a term of twenty (20) years from the original recording t date of this Declaration, after which time they shall be ". automatically extended for successive periods of ten (10) years. This Declaration may be amended during the first twenty (20) year period by an instrument signed by the owners of not less than ninety percent (901) of the Lots, and thereinafter by instrument signed by the owners of not less than seventy-five percent (75%) of the Lots. ( Any,amendment must be recorded. Any amendment to this Declaration at a time when thirty percent (301) or more of the Lots are owned by the same owner, and any amendment at any time to Article X, Section 3, shall be approved by the Town Board of the.Town of Ithaca before becoming effective and before being recorded." These amendments shall be effective as of the lst day of June, 1997. ' Unit Name Signature Witness 30A Daryl Bem 308 Russell Davies i 30B Patricia Davies 30C T. J. Paolangeli 30D Richard Rideout 36D Nancy Rideout 30E 'Thomas OrmondC-'C— 30E Robyn Ormond 30F Kathleen Rasmussen 31A Helen Steh -4- ( .a:rraw,++aro+>:w»>+rmG_:.r�.n.e..�..,rw=..r._.+:iy.rt�M".;.a;�`•'K,,,x?z.,,.�e..r-e w„ri:+e..,«...�.,s.. „,., ,.�.. ' ... r' uaR 62 act 132 Unit Name Signature Witness 31B Mark Kegelman 31C Linda Van Ness 31D Sen Wee Aw , yw.wts:yw YvY. w'SF"-tA.: . /a 'evM-.,,, ✓P '-. a.,:, g.t.4 .r.+f'»aw.k . .w F r�crR Una 133 The Town Board of the Town of Ithaca approved the foregoing amendments by resolution of the Town Board duly adopted at a meeting held June 9, 1997. Dated: Svcx TOWN OF ITHACA !� Cat ine Valentino, own upery sor I STATE OF NEW YORK ) SS: • � COUNTY OF TOMPKINS ) q r On this th day of 1997, before me, came CATHERINE VALE���• 9MO, i ); to me personally nown who, being by me duly sworn, did depose and say that she resides at 110 Eastern Heights Drive, Ithaca, New York, and that she is -the Supervisor of the Town t of Ithaca, who executed the within instrument, and she acknowledged to me that. she executed the same, and that such execution was on behalf of the Town of Ithaca and that the Town Board,of such Town. - !� duly authorized such execution. 1 otary u c ) IT�+i St iv.. �P► O F ) s 1 1 y �+ �"X4M>ksARJ'Ma]}uWrtFi1RA•ka^S+*"�r,�w. i=�w'/�1V�20F.:•war.tiMMW^MdRLLS^»+..�+at-VtvMflt•: M:+w%az •aa•MMryk m � .4 , a ...:�w+ w+ .. ...<,,......�..,.,.«. . ... .�.'.. . .,. ....«.. ,.u. ..�.. .... lw..,..,,.....wr.ww.v... r..,.....+a..*.w•Ww+.xruww.::+n.+.•l,yr.e+:.aw.w.w^�-�. ...w.�a+.aw..a..r.r...........«................,,..........,....w,..n....,.,......s..ai..r....�....+....,..+w.............. ...__ _.. ... _ _ _._...__..« ,,..,..,...- ..... ,—......,,....M:ny+rvra+�91Lw. MIA ?AEA 134 ACKNOWLEDGEI�iT STATE OF NEW YORK ) SS: COUNTY OF TONPKINS ) .►I- On this ,15? day of U 199?1, before me came l�+n'.�ri M _rlieu.ct�' personally known to me and to me known to be the subscribing witness within named, who bx me sworn, did depose and say: that she resides at 31B Su.nr,,#jJ/ L ^' Ithaca, New York: that she knows the person who a signature she witnessed as reflected in the above instrument; said person being the individual described in and who executed the foregoing instrument: that she as subscribing witness was present and saw said individual execute the same; that she, the said witness, thereupon subscribed her name as a witness thereto. v ' Swor to befor me this day of 199.7 Notary Publi { RA 62 tur 135 STATE OF NEW YORK ) SS: COUNTY OF TOMPKINS ) On this day of G✓!mb 199 ?, before me came JAMES E. GARDNER, JR., personally known to me and to me known to be the subscribing witness within named, who by me sworn, did depose and say: that he resides at 1149 East Shore Drive, Ithaca, New York; that he knows the various persons whose signatures he witnessed as reflected in 'the above instrument; said persons being the " individuals described in and who executed the foregoing instrument; that he as subscribing witness was present and saw each of said individuals execute the same; that he, the said witness, thereupon subscribed his name as a witness thereto. JAMES . GARDNER, JR. Swo to before me this G — day of ,tler`k- ge- , 199,Z bALLY A. HOYT Notary Public, state of New YoA No. 4776543 f/ Qw1itled in Tompkins Counly. . 19,. Nota Public Tenn E,7',•s Jub 3L J