RECORDED OS/22/ An K. DEAR HAINES. COUNTY CLERK

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1 lllli U QlRllfll U lu HSTR, OR 8K PG RECORDED OS/22/ An K. DEAR HANES. COUNTY CLERK AHBNDHJniT 'ro KASTEll DElD OCEAN COUNTY. JERSEY OF OSBOlUi SEA-BAY", A COtmOKllnDK on May 17, 2003 'lbs DEED is made/hy OSBORN SEA-BAY CONDOMNUM ASSOCATON. NC a New Jersey not for profit. membership Corporation having its princifal office at P.O. Box 927. Normandy Beach. NJ WHEREAS. this Association consists of all of the owners ot the propetty formerly owned by CAMP MABKETNG. LLC. which is more fully described in accordance with the Nev Jersey Condominium Act by a Master Deed dated May and recorded in the Ocean County Clerk's Office on Hay in Book Page 120; and WUEBSAS. this A&sociation is. therefo+e. the successor ±n interest to the said Camp Marketins, LLC; and on September a special meeting of the Members was held pursuant to the By-Laws of the and VRUF..AS. more than the required 60% of the Members voted toadlend the Ma$ter Deed and By-Laws o the Association as set forth herein; BOY. it is hereby declared that the Master Deed and Laws are amended as follows: V. SECTlON 2. (y) and ARTCLE V. SECTON 10 aha11 have the fo1.1owing added t.o each: upon. w:ithin or over the Limited Common Area whi-eh ha.s bee,n 4ssigTled "'0 '- a <J 0:: c a o E u 1.< l-,d =' CO 1

2 eo the Un:1t. subject co such rules. restrictions and limdtatioos as may be adopted by the Board of D:1rectors from time to rime". D W:TDSS WHEREOF" t.he Assocj.at.1on has caused these pres.ents to be signed by its proper ;Cot;porate Officers and :its Corporate. seal t.o be affixed hereto this 17th day of May OSBORN CONDOMNUM ASSOCATON, NC. STATE OF NEW JERSEY : COUNTY OF OCEAN 5S: Mary. ond. hes1.dent 1. cert:1fy that on , Hegban Presutti pe:rson,a l1y appeared before me and acknowledged" under oath. to my satisfaction that: a. Thi.s person is the SeeretsTy ox Osbol:tl S",a-B.ay Condolldn:i.u.m Association, nc., the Corpora.clon named in the within i:nstrument; b. This person the attesting witness to the of this instrument by proper Corporat.;e Officer. who is Mary ltedmond. PTes:1dent of the Corporation; c. This instrument was signed and del:ive.red by the CorpoTation as :its vo1untary aet duly authorized by a Resolution of its Board of Direstors; d. Th:l.s person knows the proper seal of the Corporation which has been affixed to this instrument; e. This person signed thi.$ prop! to attest to the truth of these facts. o <> a: ---.!ll t :>e :::J... '<., l ē CJ Sworn to and Subscribed before me 00 May 17, Book11420/Page L

3 R lil i ii Hi!ii llil 11 filii n 1111 lui HARVEY fa. ONORE, ESQ Route Seventy Sui!e 30N NSTR # G Lakewood, NJ OR BK PG VY\-t RECORDED 05/22/ :36:46 AM 10- Ct!rf-- fry-? 11. DEA!'-l HANES, COUNTY CLERK AMENDMENT TO MASTER DEED OCEAN COUNTY, NEW JERSEY OF OSBORN SEA-BAY, A CONDOMNUM on May 17, 2003 THS DEED is made/by OSBORN SEA-BAY CONDOMNUM ASSOCATON, NC., a New Jersey not for profit, non-stock membership Corporation having its principal office at P.O. Box 927, Normandy Beach, NJ WHEREAS, this Association consists of all of the owners of the property formerly owned by CAMP MARKETNG, LLC, which is more fully described in accordance with the New Jersey Condominium Act by a Master Deed dated May 7, 1999 and recorded in the Ocean County Clerk's Office on May 13, 1999 in Book 5691, Page 120; and WHEREAS, this Association is, therefore, the successor in interest to the said Camp Marketing, LLC; and WHEREAS, on September 28, 2002, a special meeting of the Members was held pursuant to the By-Laws of the Association; and WHEREAS, more than the required 60% of the Members voted to amend the Master Deed and By-Laws of the Association as set forth herein; NOW, THEREFORE, it is hereby declared that the Master Deed and By- Laws are amended as follows: ARTCLE V, SECTON 2. (y) and ARTCLE V, SECTON 10 shall have the following added to each: "A unit owner shall be permitted to construct a permanent structure upon, within or over the Limited Common Area which has been assigned

4 to the Unit, subject to such rules, regulations, restrictions and limitations as may be adopted by the Board of Directors from time to time". N WTNESS WHEREOF, the Association has caused these presents to be signed by its proper Corporate Officers and its Corporate seal to be affixed hereto this 17th day of May, 200J. ATTEST: OSBORN SEA-BAY CONDOMNUM ASSOCATON, NC. Megh., resutti, Secretkry President STATE OF NEW JERSEY COUNTY OF OCEAN ss: certify that on May 17, 2003, Meghan Presutti personally appeared before me and acknowledged, under oath, to my satisfaction that: a. This person is the Secretary of Osborn Sea-Bay Condominium Association, nc., the Corporation named in the within instrument; b. This person is the attesting witness to the signing of this instrument by the proper Corporate Officer, who is Mary Redmond, President of the Corporation; c. This instrument was signed and delivered by the Corporation as its voluntary act duly authorized by a Resolution of its Board of Direstors; d. This person knows the proper seal of the Corporation which has been affixed to this instrument; e. This person signed this proof to attest to the truth of these facts. Sworn to and Subscribed before me on May 17,

5 PROPOSED AMENDMENT TO MASTER DEED A Unit Owner shall be permitted to construct a permanent structure upon, within or over the Limited Common Area which has been assigned to the Unit. subject to such rules, regulations, restrictions and limitations as may be adopted by the Board of Directors from time to time. EXPLANATON Any construction would, of course, have to be approved by Brick Township. The Report of the Subcommittee on Building mprovements presented by Robert Taylor at the May meeting will considered as part of the new Rules and Regulations to be adopted by the Board of Directors. Unit Owners are encouraged to provided additional suggestions to the Board to be included. A Unit Owner desiring to build will still have to present plans to the Board, which will be examined against the standards adopted. The Board approval will then become part of the application to the Township. The Master Deed Amendment must be approved by 60% of the Unit Owners (47 units) before it can be adopted and recorded.

6 CONDO-1 REPORT OF THE SUB COMMTTEE ON BULDNG MPROVMENTS The sub-committee hereby recommends that in addition to the Standards and Guidelines adopted on 1/27/2001, all homeowners should be encouraged to enhance their homes'whenever and wherever possible with the following stipulations: 1. Owners should be able to modify and improve their residence providing any and all improvments meet the specifications of the Brick Township Building codes., 2. Owners, if they desire, should be able to extend their footprint on the parking side of their unit providing a 7' x 17' parking space is maintained. 3. Any alterations may not extend beyond one's limited common ground thus encroaching upon one's neighbor. 4. Condo owners may extend their rear dimension of footprint providing Brick Township set are....._.,... - ' 5. Parcels of limited common element should be made available to one's owner via purchase using a standard as determined by the Board of Directors. Page 1

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