WHEREAS, Silver Carolina assigned all rights for Barefoot Resort Residential Properties to Wachovia Bank as collateral security, dated April 13, 2000 and recorded in Deed Book 2251, Page 506, of the Office of the Register of Deeds of Horry County.
WHEREAS, Silver Carolina was found in default with Wachovia Bank in the Horry County Fifteenth Judicial Circuit Case 2001CP2606256 “ Bank Wachovia Bank Na VS Samuel W Puglia, defendant, et al” on December 12, 2001.
WHEREAS, Centex Homes, the Project Owner for Barefoot Resort Residential Properties, assigned all rights to Silver Carolina as collateral security on behalf of Wachovia Bank, successor to Silver Carolina, recorded December 14, 2001 in Deed Book 2435, page 420 of the Office of the Register of Deeds of Horry County.
WHEREAS, Wachovia Bank, successor to Silver Carolina, terminated the collateral assignment with Silver Carolina, leaving all rights to Centex Homes, recorded June 20, 2003 in Deed book 2609, page 630 of the Office of the Register of Deeds of Horry County.
WHEREAS, Centex Homes, successor to Silver Carolina for Barefoot Resort Residential Properties, terminated its declarant control leaving all rights to the Barefoot Resort Residential Owners Association, Inc., recorded December 1, 2011 in Deed Book 3554, page 3217 of the Office of the Register of Deeds of Horry County.
THEREFORE, Barefoot Resort Residential Owners Association (BRRA) has been legal successor to Silver Carolina over the Barefoot Resort Residential Properties since December 2011. All legal transactions involving the BRRA or BRRA properties require approval by BRRA recorded in the transaction.