LA VETA MONTEREY CONDOMINIUM ASSOCIATION
Phase 1, Parcel 1 of Parcel Map No. 79-756
City of Orange, County of Orange
State of California
Description of Land Improvements
Section 1. Condominium Plan Best Authority
The following description is intended for information purposes only and in the event of any conflict between this description and the Condominium Plan, the Condominium Plan shall be deemed to conclusively control.
Section 2. Property Description
The property consists of Parcel 1 of Map 79-756, City of Orange, County of Orange, State of California, as per Map recorded in the Office of the County Recorded of said County. There hereinabove described real property consists of an irregularly-shaped plot, approximately 3.97 acres in Phase I. Construction has been completed on said land and improvements, consisting basically of eight (8) buildings, housing a total of seventy-four (74) units. Phase II, Parcel 2 of Map 79-756 is planned to consist of seven (7) buildings, housing a total of seventy-eight (78) units on approximately 2.80 acres of land. Phase III, Parcel 3 of Map 79-756 is planned to consist of five (5) buildings, housing a total of sixty (60) units on approximately 2.66 acres of land.
Section 3. Description of Individual Condominium
Each condominium within the project which shall be offered for sale, shall consist of a fee simple interest in a particular unit, together with an undivided fractional interest as a tenant-in-common in and to the Common Area, as set forth on Exhibit "D" hereto and made a part hereof.
Section 4. Parking
Each purchaser of a condominium shall be granted by Declarant in the deed to said purchaser, an exclusive easement to and the exclusive right to use, no less that one (1) parking space as shown on the Condominium Plan, Exhibit "A" hereto and made a part hereof. All parking spaces shall be used only by the owners and there lessees and all such persons shall be required to have and keep in force, property damage insurance on their automobiles and further the parking spaces easement owner shall be responsible for the repair, maintenance and upkeep of the internal walls of the parking easement. Any parking spaces remaining unconveyed by Declarant after the close of the last escrow in Phase III, shall be quitclaim deeded to the Association for guest parking.
Section 5. Easements
Each owner shall receive, as an incidence of conveyance of his unit, a non-exclusive easement appurtenant thereto, for ingress, egress and support over, across and though the Common Area and every portion of any unit within the project required for the structural support of the building within the project required for the structural support of the building within which said unit located. In the event any portion of the Common Area encroaches upon a unit,. or any unit encroaches upon the Common Area as a result of construction, reconstruction, repair, shifting, settlement or movement of any portion of the project, a valid easement for the encroachment and for the maintenance of same shall exist so long as the encroachment exists.