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201495206 <br />If the unit owners vote not to rebuild any unit, that unit's allocated interests are automatically <br />reallocated upon the vote as if the unit had been condemned under Subsection (a) of Section 76- <br />831, and the Association promptly shall prepare, execute and record an Amendment to the <br />Declaration reflecting the reallocations. <br />Section 3. Condemnation. <br />(a) If a unit is acquired by eminent domain, or if a part of a unit is acquired by eminent <br />domain, leaving the unit owner with a remnant which may not practically or lawfully <br />be used for any purpose permitted by the Master Deed and Declaration, the award <br />must compensate the unit owner for his or her unit and its interest in the common <br />elements, whether or not any common elements are acquired. Upon acquisition, that <br />unit's allocated interests are automatically reallocated to the remaining units in <br />proportion to the respective allocated interest of those units before the taking, and the <br />Association shall promptly prepare, execute, and record an Amendment to the Master <br />Deed and Declaration reflecting the reallocations. Any remnant of a unit remaining <br />after part of a unit is taken under this Subsection is thereafter a common element. <br />(b) Except as provided in Subsection (a) of this Section, if a part of a unit is acquired by <br />eminent domain, the award must compensate the unit owner for the reduction in value <br />of the unit and its interest in the common elements, whether or not any common <br />elements are acquired. Upon acquisition: <br />(1) Unit's allocated interests are reduced in proportion to the reduction in the size of <br />the unit, or in any other basis specified in the Master Deed and Declaration; and <br />(2) The portion of the allocated interest divested from the partially acquired unit are <br />automatically reallocated to that unit and the remaining units in proportion to the <br />respective allocated interests of those units before the taking, with the partially <br />acquired unit participating in the reallocation on the basis of its reduced allocated <br />interest. <br />(c) If part of the common elements is acquired by eminent domain, the portion of the <br />award attributable to the common elements taken must be paid to the Association. <br />Any portion of the award attributable to the acquisition of a limited common element <br />must be equally divided among the owners of the units to which the limited common <br />element was allocated at the time of acquisition. <br />Section 4. No Abatement of Assessments. <br />Assessments for common expenses shall not be abated during the period of insurance <br />adjustment and repair and reconstruction, remodeling or reconstruction, nor prior to sale of any <br />suite for delinquent unpaid assessments. <br />Section 1. Termination. <br />ARTICLE XI. TERMINATION OR AMENDMENT <br />A condominium may be terminated only by agreement of unit owners of units to which at <br />least four fifths (4/5) of the unit owners or more with the consent of all lienholders of record. The <br />agreement to terminate must be evidenced by the execution of a termination agreement, or <br />ramifications thereof, in the same manner as a Master Deed and Declaration, by the requisite <br />number of unit owners. The termination agreement shall specify a date after which the agreement <br />will be void unless it is recorded before that date. The termination agreement is effective only <br />upon its recording in the Office of the Register of Deeds of Hall County, Nebraska. The <br />termination agreement may provide that all common elements and units of the condominium <br />shall be sold following termination. If, pursuant to the agreement, any real estate in the <br />condominium is to be sold following termination, the termination agreements must set forth the <br />minimum terms of the sale. The Association, on behalf of the unit owners, may contract for the <br />sale of real estate and the condominium, but the contract is not binding on the unit owners until <br />approved by the percentages set forth in this Section. <br />If any real estate in the condominium is to be sold following termination, title to that real <br />estate, upon termination, vests in the Association as trustees for the holders of all interests in the <br />units. Thereafter, the Association has all powers necessary and appropriate to effect the sale. <br />Until the sale has been concluded and the proceeds distributed thereof, the Association continues <br />in existence with all the powers it had before termination., Proceeds of the sale must be <br />14 <br />