5484

COUNTY LOCAL LAWS

PURCHASER OF A CONDOMINIUM UNIT FROM ITS POSSIBLE DEFAULT
ON A BLANKET ENCUMBRANCE. ACCORDINGLY, THERE IS A RISK
OF LOSING YOUR FINANCIAL INTEREST IN THE EVENT OF THE
DEVELOPER'S FAILURE OR BANKRUPTCY."

(6) STATEMENT OF ANY PENDING LITIGATION
WHICH WOULD AFFECT THE CONDOMINIUM AND/OR THE DEVELOPER'S
ABILITY TO CONVEY CLEAR TITLE.

D.     COPIES OF THE SALES DOCUMENTS AND LITERATURE
INCLUDING BUT NOT LIMITED TO:

(1)    COPY OF PURCHASE CONTRACT

(2)    COPIES OF SAMPLE FORMS OF CONVEYANCE

(3)    COPIES OF SAMPLE DEED OF TRUST, MORTGAGE
AND PROMISSORY NOTE

(4)    STATEMENT OF SALE PRICES

(5)    COPY OF SALES BROCHURE AND FLOOR PLANS

(6)    STATEMENT OF TERMS AND CONDITIONS OF
SALE INCLUDING ESTIMATED CLOSING AND SETTLEMENT COSTS,
TAXES AND EXPECTED SPECIAL ASSESSMENTS LEVIED EITHER BY
THE CONDOMINIUM OR A GOVERNMENTAL ENTITY.

(7)    STATEMENT OF MONTHLY PAYMENTS TO BE
ITEMIZED AS TO PRINCIPAL, INTEREST, TAXES, CONDOMINIUM
FEE AND UTILITIES.

E.     COPIES OF ALL REQUIRED DOCUMENTS BINDING OR TO
BE BINDING UPON THE CONDOMINIUM (PROPOSED DOCUMENTS
ACCEPTABLE UNTIL FINAL VERSION IS AVAILABLE) INCLUDING:

(1)    THE DECLARATION OR MASTER DEED.

(2)    THE ARTICLES OF INCORPORATION OR CHARTER
OF THE CONDOMINIUM ASSOCIATION.

(3)    THE BY-LAWS AND REGULATIONS OF THE
CONDOMINIUM ASSOCIATION

(4)    ANY LEASES OF REAL OR PERSONAL PROPERTY
APPLICABLE TO THE CONDOMINIUM.

(5)    ANY MANAGEMENT CONTRACT, EMPLOYMENT
CONTRACT, INSURANCE POLICY, OR OTHER CONTRACT AFFECTING
THE USE, MAINTENANCE OR ACCESS TO ALL OR PART OF THE
CONDOMINIUM.

F. A STATEMENT OF MANAGEMENT
OPERATION COSTS OF THE CONDOMINIUM.

AND

EXPECTED