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201403663 ARTICLE VII. ALLOCATED INTEREST The allocated interest in reference to the undivided interest in the common elements and common expenses of the Association have been established upon a formula utilizing the square footage of each unit, including the attached garage, divided by the total square footage of all units. If additional units are added to the condominium, the same formula as herein set forth shall govern the allocated interests after an addition in reference to the undivided interests in the common elements and common expenses of the Association. Each unit is entitled to one (1) vote per unit and this formula shall also govern in the event that additional units are added to this condominium. The allocated interests are as follows: Square Foot Area Percentage of Expense in and Rights in Common Elements Votes Unit 1 1,850.36 54.26% 1 Unit 2 1,559.72 45.74% 1 ARTICLE VIII. COVENANTS, CONDITIONS, AND RESTRICTIONS The following covenants, conditions, and restrictions relating to this condominium shall run with the land and shall be binding upon all grantees, devisees, r who use the property, including the persons who acquire heignterest of the owner through foreclosure, enforcement of any lien or otherwise: (a) The Village Condominium Unit Owners Association, Inc., a Nebraska non- profit corporation, has been organized and incorporated to provide a vehicle for the management of all units of the Village Condominium and the improvements located on Outlots A, B, and C, Village Third Subdivision, Grand Island, Hall County, Nebraska, including any additions of units and any addition of land. Each owner of a unit in the condominium shall automatically be deemed a member of the Association. The By -Laws of said Association are also the By -Laws of this condominium property and are attached hereto as Exhibit "B ". As units are added to the condominium, the expenses of the Association shall be allocated as provided in Article III, Section 14 of those By-Laws. (b) The general common elements and Outlots A, B, and C are for the use and enjoyment of all owners. The limited common elements are for the exclusive use of the owner of the unit or units to which they are appurtenant, their family, guests, servants, and invitees. 3 200400023 (c) The ownership of the common elements shall remain undivided and no person or owner shall bring any action for the partition or division of the common elements. The phrase "common elements" used in this Master Deed and Declaration and amendments thereto shall include both general and limited common elements unless otherwise specified. The Association shall from time to time establish rules and regulations for the use of the common elements, and all owners and users shall be bound thereby. The Association shall have the sole jurisdiction over and responsibility for alterations, improvements, repairs and maintenance of the common elements and the improvements on Outlots A, B, and C. The share of an owner in a common element is appurtenant to his or her unit and inseparable from the unit ownership. Assessments against owners for insurance, common elements expenses and reserves, and for other expenses incurred by the Association shall be made pursuant to the By- Laws. Assessments made within ten (10) days after the date when due shall not bear interest, but all sums not paid within said ten (10) day period shall bear interest at the highest legal rate at which individuals may contract under the Taws of this state from the due date until paid. If any owner shall fail or refuse to make any payment of such assessments when due, the amount thereof plus interest shall constitute a lien upon the owner's interest in his or her unit and in the property as defined in Section 76 -874 R.R.S. Neb. upon the recording of such lien by the Association in the office of the 201500472