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201206668
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Last modified
9/10/2012 2:52:35 PM
Creation date
8/14/2012 9:17:54 AM
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DEEDS
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201206668
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�0�.104793 <br />20120666� <br />24()5U ��4"7 <br />ARTICL� VII. ALLOCATED INi'�REST 2 fl 0 9 0 712 5 <br />The allocated In�erest in reFErence to the undivl�ed interest in the common elements <br />and �om►non expenses of the Association f7ave been established upon a formula utilizing tl�e <br />square footage oP each tinit, Including the a�tacl�ec.l gara�a, clivided b� the tatal square <br />footage of all units. if additional units are addecl io tlie condanilnium, tf�� same formula as <br />herein set forth shall gavern the alloc�tecl Inierest aFter an additl�n in reFerence to the <br />undivided interests in the comman lnteres� and common expens�s of the Assaciation, Each <br />unit is entitled to ane (11 vote pe►' unit and this formula shall also gavern !n the event that <br />aqditional �mits are acldecl to this condaminium. Tl�e allocated Interests are as follows: <br />saua oot rea <br />unit 15 <br />Unft 16 <br />2,385,58 <br />2,169•61 <br />Percentage af Expense in and <br />RightS in Common E ements <br />52.37p/o <br />47,63��0 <br />�aTICLE V�Jf, CCiVEIVAIVT5�CONDITfCINS�AND RESTRICTIONS <br />Votes <br />The fallowtng covenants, conditlons, and restri�tlons relating to this condominlum <br />shall run wlth the Vand and shall be bh�ding upo�� all grantees, devisees, martgagees, and any <br />o�f�er persans who use the property, incluqing the p�rsans wlio acquire the interest of the <br />owner thraugl� fareclosure, enforcemeni: of any llen or QXher�wlse: <br />fa) 'fhe Village Candaminium Unit Qwners Association, Inc,, a Nebraska non• <br />profi� corporation, has been organized ancl incarporated �o provide a <br />vehicie �ar the management af �II units of the Village Condominium <br />and the improvemonts lacated an outlots A, Q, and C, Village Thlyd <br />Subdivisi�n, orantl Island, Hall County, Nebraska, including any additions <br />oF unfts and any adqition oF land. Cach owner of a unit In the <br />condaminium shall automat(cal(y [�e deemed a member of the <br />Assaciation. i'he ByLaws of said Assaciation are alsa the ByLaws of this <br />condor�ntnium property and are attached h$reta aS Exhlblt "B". As units <br />are added to ihe condaninium, the expenses of the Assaciation shall <br />be allocated as providea In Article III, 5ectlon 14 af those By-Laws, <br />(b) The g�neral common elemen�s and outlots A, B, and C are for the use <br />and enJoyments o� all owners. Ti�e limited common elements are for <br />the excluslve usa of the owner oF �he unit or w�its ta which they are <br />appurtenanC, th�ir Pamily, guests, s�rvants, anrl invitees. <br />(cl The ownershlp of the cammon elemen�s sf�all remain und(vlded, and <br />no person or owner shall uring any actfon for the partttion or dlvfston <br />oF the conimon elements. Tl�e phrase "comman elements" used in this <br />Master Deed and Declaratior� and amendments thereto shall include <br />both general and 11m1t�r1 common elements unless otherwise specified. <br />The Assaciation shall Prom time to tiire establish rules and regulatfons <br />Par the use oF the common elements, and all owners and u5ers shall be <br />bcaund thereby. 71�e Ass�ciatian shall have the sole jurisd(ctlon aver <br />and responsit�ility For alteratians, improvements, repairs and <br />maintenanee.aF the common elements and the improvements on <br />Outiets A, B, and C_ The sf�are of an oWner in a common element Is <br />appurtenant to hts or her unit and inseparable �ram ttie unit <br />ownership. Assessments against owners For Insurance, common <br />elements expenses and reserves, and for other expenses incurred by <br />the Association shall be n�ade pursuant to the ByLaws. Assessments <br />made withln ten (10) days aFter tl�e clate when dus shall nat bear <br />interest, but al! sums not paid vuith(n said ten (101 day periad shall �ear <br />linterest at the highsst leqal rate at which individual5 may contract <br />under the laws of i:his state fram tl�e due date untii paid. IF any awner <br />sh�il Faii or refuse ta make any payment oF such assessments when due, <br />the amr�unt thereoF pl�is in�erest shall canstituYe a lien upon the <br />owner's interesL in his or her unii: and �ne prr�perty as deFlned In <br />Sectlon 76•87a R.R.S. Neb. upan tl7e recorqing of such Uen by the <br />Assaciatian ln the oPfice o� the <br />
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