MASTER DEED
CREATING AND ESTABLISHING
THE ATLANTIC PALACE
A CONDOMINIUM

Prepared by:
H.B. Munn, Jr.
Vice President, Development
U. S. Capital Corporation

MASTER DEED
THE ATLANTIC PALACE, A CONDOMINIUM

 
Table of Contents
Page
ARTICLE I Definitions
ARTICLE II Special Provision for the State of New Jersey Department of Community Affairs
ARTICLE III Property Rights
ARTICLE IV Assessments
ARTICLE V The Atlantic Palace Condominium Association
ARTICLE VI Easement and Restrictions
ARTICLE VII By-Laws
ARTICLE VIII Use, Occupancy and Maintenance
ARTICLE IX Certain Rights of Developer
ARTICLE X Reconstruction or Repair of Casualty Damage
ARTICLE XI Insurance
ARTICLE XII Eminent Domain; Obsolescence
ARTICLE XIII Termination of Condominium
ARTICLE XIV Amendment of Master Deed
ARTICLE XV Provision for the Benefit of Institutional Mortgage Lenders
ARTICLE XVI Miscellaneous Provisions
 
Exhibits
  
Exhibit A Legal Description of the Property  
Exhibit B Survey  
Exhibit C Graphic Description of the Condominium  
Exhibit D Unit Percentage Interests  
Exhibit E By-Laws  
Exhibit F Articles of Incorporation  
Exhibit G Floor Area of Units  

EXHIBIT D

UNIT DESIGNATION

UNIT PERCENTAGE INTEREST IN COMMON ELEMENTS

FLOOR

UNIT NO.

TYPE

PERCENTAGE

4

401

2 BR.

0.5120

402

EFF.

0.2575

403

EFF.

0.2341

404

EFF.

0.2551

405

EFF.

0.2473

406

EFF.

0.2473

407

EFF.

0.2551

408

EFF.

0.2341

409

1BR

0.9970

410

EFF.

0.3133

411

1BR

0.4130

5

501

2 BR.

0.5120

502

EFF.

0.2575

503

EFF.

0.2341

504

EFF.

0.2551

505

EFF.

0.2473

506

EFF.

0.2473

507

EFF.

0.2551

508

EFF.

0.2341

509

1BR

0.9970

510

EFF.

0.3133

511

1BR

0.4130

6

601

2 BR.

0.5120

 

602

EFF.

0.2575

603

EFF.

0.2341

604

EFF.

0.2551

605

EFF.

0.2473

606

EFF.

0.2473

607

EFF.

0.2551

608

EFF.

0.2341

609

1BR

0.9970

610

EFF.

0.3133

611

1BR

0.4130

7

701

2 BR.

0.5120

 

702

EFF.

0.2575

 

703

EFF.

0.2341

 

704

EFF.

0.2551

 

705

EFF.

0.2473

 

706

EFF.

0.2473

 

707

EFF.

0.2551

 

708

EFF.

0.2341

 

709

1BR

0.9970

 

710

EFF.

0.3133

 

711

1BR

0.4130

8

801

2 BR.

0.5120

 

802

EFF.

0.2575

 

803

EFF.

0.2341

 

804

EFF.

0.2551

 

805

EFF.

0.2473

 

806

EFF.

0.2473

 

807

EFF.

0.2551

 

808

EFF.

0.2341

 

809

1BR

0.9970

 

810

EFF.

0.3133

 

811

1BR

0.4130

9

901

2 BR.

0.5120

 

902

EFF.

0.2575

 

903

EFF.

0.2341

 

904

EFF.

0.2551

 

905

EFF.

0.2473

 

906

EFF.

0.2473

 

907

EFF.

0.2551

 

908

EFF.

0.2341

 

909

1BR

0.9970

 

910

EFF.

0.3133

 

911

1BR

0.4130

10

1001

2 BR.

0.5120

 

1002

EFF.

0.2575

 

1003

EFF.

0.2341

 

1004

EFF.

0.2551

 

1005

EFF.

0.2473

 

1006

EFF.

0.2473

 

1007

EFF.

0.2551

 

1008

EFF.

0.2341

 

1009

1BR

0.9970

 

1010

EFF.

0.3133

 

1011

1BR

0.4130

11

1101

2 BR.

0.5120

 

1102

EFF.

0.2575

 

1103

EFF.

0.2341

 

1104

EFF.

0.2551

 

1105

EFF.

0.2473

 

1106

EFF.

0.2473

 

1107

EFF.

0.2551

 

1108

EFF.

0.2341

 

1109

1BR

0.9970

 

1110

EFF.

0.3133

 

1111

1BR

0.4130

12

1201

2 BR.

0.5120

 

1202

EFF.

0.2575

 

1203

EFF.

0.2341

 

1204

EFF.

0.2551

 

1205

EFF.

0.2473

 

1206

EFF.

0.2473

 

1207

EFF.

0.2551

 

1208

EFF.

0.2341

 

1209

1BR

0.9970

 

1210

EFF.

0.3133

 

1211

1BR

0.4130

14

1401

2 BR.

0.5120

 

1402

EFF.

0.2575

 

1403

EFF.

0.2341

 

1404

EFF.

0.2551

 

1405

EFF.

0.2473

 

1406

EFF.

0.2473

 

1407

EFF.

0.2551

 

1408

EFF.

0.2341

 

1409

1BR

0.9970

 

1410

EFF.

0.3133

 

1411

1BR

0.4130

15

1501

2 BR.

0.5120

 

1502

EFF.

0.2575

 

1503

EFF.

0.2341

 

1504

EFF.

0.2551

 

1505

EFF.

0.2473

 

1506

EFF.

0.2473

 

1507

EFF.

0.2551

 

1508

EFF.

0.2341

 

1509

1BR

0.9970

 

1510

EFF.

0.3133

 

1511

1BR

0.4130

16

1601

2 BR.

0.5120

 

1602

EFF.

0.2575

 

1603

EFF.

0.2341

 

1604

EFF.

0.2551

 

1605

EFF.

0.2473

 

1606

EFF.

0.2473

 

1607

EFF.

0.2551

 

1608

EFF.

0.2341

 

1609

1BR

0.9970

 

1610

EFF.

0.3133

 

1611

1BR

0.4130

17

1701

2 BR.

0.5120

 

1702

EFF.

0.2575

 

1703

EFF.

0.2341

 

1704

EFF.

0.2551

 

1705

EFF.

0.2473

 

1706

EFF.

0.2473

 

1707

EFF.

0.2551

 

1708

EFF.

0.2341

 

1709

1BR

0.9970

 

1710

EFF.

0.3133

 

1711

1BR

0.4130

18

1801

2 BR.

0.5120

 

1802

EFF.

0.2575

 

1803

EFF.

0.2341

 

1804

EFF.

0.2551

 

1805

EFF.

0.2473

 

1806

EFF.

0.2473

 

1807

EFF.

0.2551

 

1808

EFF.

0.2341

 

1809

1BR

0.9970

 

1810

EFF.

0.3133

 

1811

1BR

0.4130

19

1901

2 BR.

0.5120

 

1902

EFF.

0.2575

 

1903

EFF.

0.2341

 

1904

EFF.

0.2551

 

1905

EFF.

0.2473

 

1906

EFF.

0.2473

 

1907

EFF.

0.2551

 

1908

EFF.

0.2341

 

1909

1BR

0.9970

 

1910

EFF.

0.3133

 

1911

1BR

0.4130

20

2001

2 BR.

0.5120

 

2002

EFF.

0.2575

 

2003

EFF.

0.2341

 

2004

EFF.

0.2551

 

2005

EFF.

0.2473

 

2006

EFF.

0.2473

 

2007

EFF.

0.2551

 

2008

EFF.

0.2341

 

2009

1BR

0.9970

 

2010

EFF.

0.3133

 

2011

1BR

0.4130

21

2101

2 BR.

0.5120

 

2102

EFF.

0.2575

 

2103

EFF.

0.2341

 

2104

EFF.

0.2551

 

2105

EFF.

0.2473

 

2106

EFF.

0.2473

 

2107

EFF.

0.2551

 

2108

EFF.

0.2341

 

2109

1BR

0.9970

 

2110

EFF.

0.3133

 

2111

1BR

0.4130

22

2201

2 BR.

0.5120

 

2202

EFF.

0.2575

 

2203

EFF.

0.2341

 

2204

EFF.

0.2551

 

2205

EFF.

0.2473

 

2206

EFF.

0.2473

 

2207

EFF.

0.2551

 

2208

EFF.

0.2341

 

2209

1BR

0.9970

 

2210

EFF.

0.3133

 

2211

1BR

0.4130

23

2301

2 BR.

0.5120

 

2302

EFF.

0.2575

 

2303

EFF.

0.2341

 

2304

EFF.

0.2551

 

2305

EFF.

0.2473

 

2306

EFF.

0.2473

 

2307

EFF.

0.2551

 

2308

EFF.

0.2341

 

2309

1BR

0.9970

 

2310

EFF.

0.3133

 

2311

1BR

0.4130

24

2401

2 BR.

0.5120

 

2402

EFF.

0.2575

 

2403

EFF.

0.2341

 

2404

EFF.

0.2551

 

2405

EFF.

0.2473

 

2406

EFF.

0.2473

 

2407

EFF.

0.2551

 

2408

EFF.

0.2341

 

2409

1BR

0.9970

 

2410

EFF.

0.3133

 

2411

1BR

0.4130

25

2501

2 BR.

0.5120

 

2502

EFF.

0.2575

 

2503

EFF.

0.2341

 

2504

EFF.

0.2551

 

2505

EFF.

0.2473

 

2506

EFF.

0.2473

 

2507

EFF.

0.2551

 

2508

EFF.

0.2341

 

2509

1BR

0.9970

 

2510

EFF.

0.3133

 

2511

1BR

0.4130

26

2601

2 BR.

0.5120

 

2602

EFF.

0.2575

 

2603

EFF.

0.2341

 

2604

EFF.

0.2551

 

2605

EFF.

0.2473

 

2606

EFF.

0.2473

 

2607

EFF.

0.2551

 

2608

EFF.

0.2341

 

2609

1BR

0.9970

 

2610

EFF.

0.3133

 

2611

1BR

0.4130

27

2701

2 BR.

0.5120

 

2702

EFF.

0.2575

 

2703

EFF.

0.2341

 

2704

EFF.

0.2551

 

2705

EFF.

0.2473

 

2706

EFF.

0.2473

 

2707

EFF.

0.2551

 

2708

EFF.

0.2341

 

2709

1BR

0.9970

 

2710

EFF.

0.3133

 

2711

1BR

0.4130

28

2801

2 BR.

0.5120

 

2802

EFF.

0.2575

 

2803

EFF.

0.2341

 

2804

EFF.

0.2551

 

2805

EFF.

0.2473

 

2806

EFF.

0.2473

 

2807

EFF.

0.2551

 

2808

EFF.

0.2341

 

2809

1BR

0.9970

 

2810

EFF.

0.3133

 

2811

1BR

0.4130

29

2901

2 BR.

0.5120

 

2902

EFF.

0.2575

 

2903

EFF.

0.2341

 

2904

EFF.

0.2551

 

2905

EFF.

0.2473

 

2906

EFF.

0.2473

 

2907

EFF.

0.2551

 

2908

EFF.

0.2341

 

2909

1BR

0.9970

 

2910

EFF.

0.3133

 

2911

1BR

0.4130

30

3001

2 BR.

0.5120

 

3002

EFF.

0.2575

 

3003

EFF.