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<br /> '� Seetion 3. Amendment by Developer.
<br /> ` Anything contained in these' By-Laws or: in the Master Deed or-Articles
<br /> of Iricorporatiori to the contrary notwithstanding, Until May 31, 1975, ox until
<br /> : Developer releases control of the Association, whichever first occurs, Developer '
<br /> reserves the right to supplement or amend these By-Laws for' clarification, correction
<br /> or�otherwise in the best interests of all unit owners, including Developer; provi;ded
<br /> that any such supplement ox amendment shall be approved by more than fifty percent
<br /> (50%) , in number of all existing first mortgage holders of record, in writing.
<br /> ARTICLE XII. RECORDS.
<br /> Section 1. Records and Audit.
<br /> : The Bo'ard of Adm�nistrators or the managing agent'shall keep detailed
<br /> records of the actions of the Board of Administrators and the managing agent,
<br /> minutes of the meetings of the Board of Administrators, minutes of the meetings af
<br /> ' , unit owners, and financial records and books of account of the Corporation and the .
<br /> Condominium, ine;luding a chronological listing of receipts and expenditures, as '
<br /> well as a separate account for each unit which, among other things, shall contain
<br /> the amount of each assessment of common charges against such unit, the date when
<br /> due•, the amounts paid thereon, and the balance remaining unpaid. A written report
<br /> summarizing all :,receipts and expenditures of the Corporation and Condominium shall
<br /> be rendered by the Board of Administrators to all unit owners at least semi-annually.
<br /> In addition, an annual report of the receipts and expenditures of the Corporatiorr
<br /> and Condominium,: certified by an independent certified public accountant, shall be
<br /> rendered by the :Board of Administrators to all unit owners and to all mortgagees of
<br /> units who have r:equested the same, promptly after the end of each fiscaY year.
<br /> ARTICLE XIII. MISCELLANEOUS.
<br /> Section 1. Noti,ces. .
<br /> All notices hereunder shall be sent by registered or certified mail to the
<br /> Board of Administrators c/o the Managing Agent, or if there is no Managing Agent, to
<br /> the office of the Board of Administrators or to such other address as the Board of
<br /> Administrators may hereafter designate from time to time, by notice in writing to
<br /> all unit owners :and to all mortgagees of units. All notices to any unit owner shall be
<br /> sent by registered or certified mail to the Building or to such other address as may
<br /> : have been designated by him from time to time, in writing to the Board of Administrators.
<br /> Al1 notices shall be deemed to have been given when mailed except notices of change
<br /> of address which shall be deemed to have been given when received.
<br /> ', Section 2. Invalidity.
<br /> ; ' The invalidity of any part of these By-Laws shall` not impair or affect in
<br /> any manner the yalidity, enforceabili�y or effect of the balance of these By-Laws.
<br /> Section 3. Captions. '
<br /> The captions herein are inserted only as a matteriof convenience .and for
<br /> reference, and in no way define, limit or describe the scop;e. of these By-Laws,, or
<br /> the intent of any provision thereof.
<br /> Section 4. Gender.
<br /> ' The use of the masculine gender in these By-Laws shall be deemed to include
<br /> the feminine and neuter genders and the use of the singular shall be deemed to include
<br /> the plural, whenever the context so requires. �
<br /> Section 5. Nonwaiver. ' •
<br /> No restrictions, condition,. obligation or provision contained in these
<br /> By-Laws shall be deemed to have been abrogated or waived by reason of any. failure
<br /> . to enforce same,: irrespective of the number of violations or breaches thereof
<br /> � which may occur.
<br /> E� br rECO ' No r 27 19 ��1,�;M, in 800k..�.Z�_ot..D,s,�d,�...._,.... ;
<br /> � ���r.�Registe�of Deeds,Hail Countya Kebraska
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<br /> Ro Ann JacoDsen : :
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