Declaration of Horizontal Property Section 24,25

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24. Notice of Mortgagees

 

Each Mortgagee shall be notified of any condemnation or eminent domain proceedings which are filed in any Court to take any portion of the Tract or the Common Areas, Limited Areas or any portion of a Unit. Additionally, each Mortgagee shall receive written notification from the Association of any default in the performance by the Mortgagee's individual Unit borrower of any obligation under the By-Laws, Declaration, rule and regulations, or other contractual agreement with the Association which has not been cured within 60 days, and shall also be notified of any substantial damage or destruction of any Unit or any part of the Common Areas or Limited Areas.

 

25. Granting of Easements

 

The Board of Directors is authorized to grant easements to utility companies (excluding transportation companies) upon such terms and conditions and for such consideration as they deem appropriate.