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200000482
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Last modified
7/20/2017 7:15:36 PM
Creation date
10/20/2005 7:40:03 PM
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DEEDS
Inst Number
200000482
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2000004s2 <br /> 21. ALLOCAT/ON OF ASSESSMENT UN/TS: The Assessment Units are <br /> allocated to the lots within the Commercial Properties on a noncumulative basis as follows: <br /> (a) Permitted Improvements: Prior to the issuance of a building permit for a lot <br /> by the City of Grand Island, the lot shall be allocated one (1) Assessment <br /> Unit per .01 acre as shown on the site plan. <br /> (b) Approved Improvements: Upon the issuance of a building permit for a lot by <br /> the City of Grand Island, the lot shall be allocated two (2) Assessment Units <br /> per .01 acre as shown on the site plan. <br /> (c) Completed Improvements: Upon issuance of a certificate of occupancy by <br /> the City of Grand Island for any completed improvements, the lot shall be <br /> allocated five (5) Assessment Units per .01 acre as shown on the site plan. <br /> 22. LIEN OFASSESSMENTS: The lien of any annual or special assessment <br /> shall, until shown of record, be subordinate to the lien of any mortgage or deed of trust <br /> placed upon the lot against which the assessment is levied. <br /> 23. EXTER/OR MA/NTENANCE: Each titleholder of each lot within the <br /> Commercial Properties covenants to maintain their lot and improvements in a neat and <br /> attractive manner. The Corporation, by and through its Board of Directors may adopt from <br /> time to time minimum exterior maintenance standards to establish the minimum acceptable <br /> standards for this covenant to maintain. <br /> 24. EXTER/OR MAINTENANCE ASSESSMENT: In the event a member fails <br /> to maintain a lot according to Paragraph 23 above, the Corporation may, upon 10 days <br /> written notice to the member, maintain the tot and the exterior of any improvement and <br /> shall have the right to enter upon any lot, at reasonable time, to perform such <br /> maintenance. The written notice shall specify the required maintenance and the time in <br /> which it must be completed. The actual cost of the maintenance, plus a 10% � <br /> administrative fee, shall be paid by the member within 10 days of billing. Upon failure of � <br /> the member to remit payment, the cost of maintenance and administrative fee shall be � <br /> specially assessed against the lot, shall bear interest at the rate provided for unpaid <br /> assessments and, when shown of record, shall be a lien upon the lot. � <br /> 25. ADD/T/ONS: Developer may add any real estate or facility included in the � <br /> Commercial Properties that is owned by Developer to the Commons ("Additional � <br /> Commons"), at any time, without the consent of the members of the Corporation. <br /> Developer also may add contiguous or adjacent real estate to the Commercial Properties <br /> ("Additional Properties") without the consent of the members of the Corporation. Additions <br /> shall be made by the execution of recordation of Restrictive Covenants upon the additional <br /> real estate, making the addition subject to these Restrictive Covenants. <br /> 26. F/NAL PLAT AMENDMENT: Developer shall have the right at any time to <br /> amend the Final Plat in which the Commercial Properties and Commons may be located. <br /> Members of the Corporation, other than the Developer, may not amend the Final Plat <br /> 7 <br /> _ _ � <br />
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