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<br /> cavh zu�t�e owr.or snd. ench mnrtgag�� nf a nui � .:�,lisll be pert�..-�a^d to exaaine Lhn bwak9 ot account of #he r ,�..+��;�'y� W,
<br /> Aasociati.�r. ❑= a reaeonak+le tixie, on 6unineem e�nya� �.�: naC Wore t:�an once <:•�ery thzee (3) monthe vithout juet � �
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<br /> Se�ioa 1. elnaociation AtCPwnay-in-Yaet. � ' � �����''
<br /> � ' � Th�eo Sy-Lawa, as a part of :he u�s�er t?ecd, here�y ^ad= mznda�c�y and irrevxab'-o the appaiatment of 3r'��6�
<br /> � :he J.ge.ociatin^ aa attoXney-in-fac`to�:eal�+ith the pscn�rty an3 de3�:ruc�a.pu, aDaoleecence� �Cp$1F� conetrv�tian� K'�;��;:
<br /> � :��rovemant cnd mAin:er.nnce� �.7.1 accnrdin;j *o tFe pro+.-iaionn o: tF�in Itrcicle X. Title to xny condnminium suite
<br /> �� ir, deelnrad nr.d exp:saely mad� auhjaet *_o the term9 ar.d con�i..ial7a hernof� and acaeptanca 6y eny gcaatee of e daed -
<br /> , or. o:her '_notr.�;rnt o� convApnnca '_tn. tha Dovn'.oper or �ro+a any �oaner an grantor ehell conn�i.tute end appoint �. � ��
<br /> t'�e :,rso�iatioz his tnae ar.3 law:ul a"oraey in hia r.aMe, �1ace amd etead for khe puzpoue oF dealing vith tEa
<br /> ; prcperty u�on ita damaoe or dae±rection or a`aanlescxnce ae ia nere�na£��+z pravidesd. Aa�atto�ney-Sn-tact, the '
<br /> � � � A�aoeiation� 6y iY.e Praeider,t and Secretarp or Asai6tan't Socretz..ry or its pther duly suthorized offiCere or �� �
<br /> '�:� agr.nte, ahall have �ull and trasplete nutnorization� r.igh: a.nd peower to maka� 0%BCtyte and dalivat any contract� � � �
<br /> ��'� d=e� qt aay o`�er ina:runen� with :espect to tha ir.terest o� � suite owaer which ie neceaaary and appxop�iate Yo
<br /> ��� exerciee �he pcw�ara gzat!ted in this Artic).e. Aepair wnd reconetructian of the improvementa� Aa ueed in Yhe ,
<br /> � .t � anccned.ing iec:ione a« thie Ax�ticle meana rentnring tY.e iaprcvemeata to dubgxantially tha e7sme aondition in whieh .
<br /> khey eXigted p,��r to the dxmnge� with eact euite ali�'tha gr_naral a11t'- lia:,Ced c�on elemante hsving aubatant7.wlly � �
<br /> . ? thn name vRrtical and harixontal .houndaYiea aa �aEore. � �� ��� ,
<br /> Sr.c:tinn 2. �ar.:n n 3nd �eetr���ion -- Ae�nit tn.'I Reco�n"_L�s�tion Maa�atnry. ,, , . .. � .
<br /> i �
<br /> � � Ta the evant of any da�aage ar deatr�etion due to F'_re or othsr diea�tdr, vhich damaga oc deeY7cue'Lion ie � ^
<br /> dotarmined by ±he Hoerd of AdminintreCpr.a tn leee than eixty-nix and tMO-Yhztde percan! (66 2/3�) of Lhe toLal � �� � �� �
<br /> - ! raoluccaent cost, not inrluding :nnd� o: thg build!_n-y ccntaini:q the condcmis:iva suite■ in ths Regimae� such � ,
<br /> damaga oY deeCtv�inn ehall be pro�ptly repaired and recona?:rncted k�y thv Aeaocistion a• attosnsy-dn-fnr_t� and
<br /> Yha T.anociakS.on aF.a7.1 have £u11 e��Y:ority to deal vit!� inauta:i�e pzoceeds in eich rapti[ a[� reaopetzvetion. � �
<br /> 1 �
<br /> � Sn the evant that i.nnuranca pzpceede are ineuf_°icient to repait snd re�onsEruct�the improvements, tha �
<br /> ��.� ABnvaintion a11e11 lavy a epeaial aeeeaement tv prwida an amount euf.ficient ta conduot esld repair and � � �
<br /> � j zeeona:cuqC;.oq alnng with inecrar.^e pr�ceede. Such nr�eaeecient ehell be levied nnd colleated aeeocding to Saetian
<br /> . 5 0£ Article V. � . � � .
<br /> . 5ecY'.ion 3. dIIma b Dr DeetiuCCi.On -- R4.nFi:i xnd ReconeYYVtti�n O�tiOnal� . ���
<br /> In �t:e eve��t of damnae nr de.stx-uct:.or. due to iire or oct^r dze�antnr� whzch damaga or d��truetion is
<br /> dcta�ined by the IIaard a: Iw'.,-i.inieCraYaz� to rie ei:cty-nix nnd ta�o-thirds �arcent (66 2/3t} oF�oFS of tha tatsl .
<br /> re�lacement cnet vi the kauildinq containing Lhe cvndominiur„ suzte•e in tl:c itngime� .not in�2uding lsad� the Ho�rd
<br /> aha11 forthwith� vithln thirty (30) daya of the occurrencc o: eaid damwqe or deet^ucCion� call 6 6pQC1A1�F'e
<br /> �e.e�ing Fox the pux'paae c° praeentiny to the e�ite rm�e[e the +�lteXnative of repair and °aoonetxuctian a7c ea1e� ��
<br /> pvrauant to Sectior.c 4 oY 5 t: a�t,"t�le %_ A� nuch reetiny, :hn 9oard ahal2 pxepent eet�aatee of tepair anrl „ �
<br /> � zecons�ructzon conta� _::e r�.�un- aF °_nourance �rocce�� avaiia.'_e� the p_r:?m-C.� :tr�aeei:y for� nnd aawnt if any� �
<br /> or ac�cial aseeeamer.�e ��e�eaear� tv ccve_ ang de;:eie:cy �a iaeurar.ce proc�ede. Yue pra�etted dsle prica oI the ' � . ,
<br /> , p_oxrty ae is� ar.d projct:ed distri�ution oP ali fun3s� including ineuxarce prxedde, ehould the ovnera chooaa .
<br /> � anle xuther that repair ar.0 recons:zvctivr.. Ia azFi:L g"e�c n�acr. iiguree to fie preaen[ed to thd a�mexe� the BoRrd � � ���
<br /> � � .:tiy ew�:ov euch e�e-z-'ka ae dea�Md adviaa6l«. AfCer preeenta�io�o! a21 relevent fina:�cial infox'�ntioo av:ilabla � �
<br /> i .n t}P q6%1�11, :he c�r:ern o� th� aui�ce ir. �:e Regi.cr s::a11 .�.e required :o adopt unenimauely ei.th�r a plaa of � . � �
<br /> j :ainzx ar.d raCO:]GtrllC�lO:i or a plan oE eale. ZE zvCh vnen:;:�7ue a:fi.raati.vp vpte o,� said o:mera i■ not nbt�insd� �
<br /> � tho s�azd of nc�.v_'�aietrators nE t`�a Aaaociatinn nay ncop: a plan of eale tainding upon all avnera. Any plan ao .. .. .
<br /> � : ado�ted nuat subnequr.nYly be apnrnved in writiaq by the firat nortoaqeaa af zeoaxd ae of the date of adoption a! ,
<br /> . ._.. :ar. , .
<br /> t;o-: .. a7.an nf �enair nnd Rr�constrsc`_io� -- 9aT.ace o_° �ee*_r.:c:iun. ��� � �
<br /> In thr� event that a pinn o: snpsir and reconattuctian ie adopteci by the wner� and du6noquently epprwod � .
<br /> � hy thc �z:at rsaz:gngae�� na above eet �orth, tho Board af kdniniatratore eha1L forthwiZh proceed to repair and � � ' � �
<br /> � : �ecnr.a*_,CVCt thr_ x�pY4vcmente aa eeC torth in 5ectian 2 oP Artic_e X. ' � � � �
<br /> .,
<br /> ` ` • _ i � -- �nmagr.�__or P.wstsuct}.an. , • . ..� ..
<br /> �nc.tion �. Pla.n �f Sale . .�'�
<br /> � In thn evant that a pin.n oE naln in adnpted 6y thn ownera and eubepquently appXpved hy the firet �
<br /> � � mortc�ageea� ae above oct farth� or in tha nve.nt that a plan of rcpazr and rer.onetr�uction ie adopted by the ownere � � �
<br /> 7•�t is r.�t ❑ppra�r.d by=hn requir�d numk�e� of Firat �prtgageea a: ze�ar.�with�.n ■txty (60) dayq i[rna thd ndvption �, � �
<br /> oP t:�e plen� the❑ tha 3card a: Ac7minietratazn ohall Parth�+it.h recard a r.o�ice eettinq :orth auch fact or faete�
<br /> � and upon the r.ecording nf n�ch notice with tha of£ite af the Regietor of Deeda of Hall Connty� Nabraekn� 6y the
<br /> ,. ,� �osocintion'a Pzesidant and Saezot�[y oX Anciatnnt Sectvtnry� thc entire r�maining prnmieee ehall be a#terpd �or �
<br /> sale and apld by the ausociaCion pureuant �o cho provieipna v£ thie Atticla� ae Attornay-in-Eact far nll of the : ,
<br /> � o�ncrs� fres and clear ef thn pr,pv,iaiqne �ontezned �.n Chc Maetcr Dced� the ArticlRe o# Incorpor�t,ion pnd theea �
<br /> Ry-7.flws, xho �npuranee aettleme�it proceede eha11 bc^, eo7.leoied by tha Aeaociation� and auah pzoeeede ahell. be � ��
<br /> divided 6y thw AneocSntion a.rtoXdiny to ench owner'e interest ir. t3e genexpJ, ptm�on elesaettYe�� end euch divided � .� �
<br /> � ���� proceedn mha11 br^- qai.d ineo aeparate aeeaur.te, nnch such a�cnun: repreaentiag onq�.ot the eondominiura puitet. Each .. � �
<br /> � -' nuch accaunt ni7rt11 6e i.n thc nnma of the AauaeiaYion, and shall be further idQn'�i.fied by the CandomSnium nuita �� ' � ,
<br /> , �1I dr.ei,gnaYion nnd tha n�fine o£ 'cho ownez. Fron eac$ depP_raYe accovnt� the Aeaociation� an ettoxney-An-£ant� aha11 � �� ..
<br /> fo.rthwith une and diwbuXSe the Cnta1 nmqUnt af. exch o£ euch eccounte� without'contri6utioq Ezo7p anC aCCOUnt ta �
<br /> �, ?no•..h^r� tcwnXd th� �7artial ar Eu11 paymeni oz the lien of ar.y '_irat norty�ge dqainet the Gondpxiniuza euita " ���
<br /> � r<�preaented hy euch neparate accnun*. Thereafter� ench sc^ii accoune nY±a11 ba�aupple2ea.ed by Yhe apportianed . .
<br /> ..� ri�cunt of the procaeds obtained from the anle o'_ the enti.zu prorrrty anc, any avsi7.ab7.�e�.Sunde of the Aaaociation. . , . �
<br /> ;uch appot'tior.radr,Y nha11 bQ bancu upon ench condaminiu:a tui:e owner�n intereat i:n the general commpn nlemente. ,�
<br /> � �he toY.nl £};r.�3e of ench aocn�ne whali Uea uaed and diobureod� wi.thout contribution from one aeeount to anather�
<br /> 6y tF.e Anpc�iation, an attorney-in-fac.t� ua aaC forth wn Section B qf A1rCicld %.. . � � ��
<br /> 'ir.c'..ion E. Cnrid^��natl�on. ' . ..
<br /> . . In tha rrvent of a takinq Cy candemnnCion or eminnnt domnzn of all or part of :he canmon �xqA� the awird �
<br /> � Tadr. nhe,ll be paid to Y.hc Bnnrd of Administrature. If ownera o� Yhe auiCee in the Conda�inium PropeFty Rey,ime � . �.
<br /> do nat, w_thir, eixty (GO) dayn °_mm Cho dntm of the a:anXd� unanicouely np�rave tha uee af'the pz�oceade from the � .
<br /> � uward for uee in renniring� expan�ing or raetoring the commqn erea� t.he 8oacd of. AdminiaCrato�a ehall forthwith .
<br /> � dis5urse thc nat procacda o: the avard tar Che eeme purpoee and in tha oame v_daz n� .ia provided in SacC�pn e ot � �
<br /> article X.
<br /> sr.et�on ' Pawer of sale�.
<br /> GXHIBIT A
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<br /> i!!�,�i ,,,7! t�y'��. �`! v'q �1 ?�µM � �q .
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<br /> '3�.F��'a.'�" 6�r.7 4 � �'�"t-k' r�i�� � Y�r
<br /> .s 7��"�i-�yN°�''�p��1� j��^w � �d �:, y�e Y�,��l�.,'�jwC w�'g� +yh�e .
<br /> ,� '�y�v'}�R'�€f�;.aF�)wrir� yF.��? � �y..a�� �"'"���������� �
<br /> �j"e} � wh°�r�nzi��c tA f ,t� h�� � r �' � �
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