§ 1314. Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance
At the time of the first conveyance of each apartment or site, every mortgage and other lien affecting the apartment or site, including the percentage of undivided interest of the apartment or site in the common areas and facilities, shall be paid and satisfied of record, or the apartment or site being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)
Structure Vermont Statutes
Chapter 15 - Condominium Ownership Act
§ 1303. Application of chapter
§ 1304. Status of the apartments or sites
§ 1305. Ownership of apartments or sites
§ 1306. Common areas and facilities
§ 1307. Compliance with covenants, bylaws and administrative provisions
§ 1308. Certain work prohibited
§ 1309. Liens against apartments or sites; removal from lien; effect of part payment
§ 1310. Common profits and expenses
§ 1311. Contents of declaration
§ 1312. Contents of deeds of apartments or sites
§ 1313. Copy of the floor plans to be filed
§ 1316. Termination, dissolution
§ 1320. Books of receipts and expenditures; availability for examination
§ 1321. Waiver of use of common areas and facilities; abandonment of apartment or site
§ 1324. Joint and several liability of grantor and grantee for unpaid common expenses
§ 1326. Disposition of property; destruction or damage
§ 1333. Conversion building; notice to tenants
§ 1334. Exclusive right to purchase
§ 1338. Circumvention of this subchapter
§ 1352. Conversion of mobile home parks permitted
§ 1353. Notice of intent to convert a mobile home park
§ 1356. Leaseholder conversion period
§ 1357. Protection of purchasing leaseholders
§ 1358. Protection of nonpurchasing leaseholders
§ 1360. Stabilization of lot rent
§ 1363. Circumvention of this subchapter