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foreclose thereon.
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<br />Do grantee of a suits shall be jointly and .severally liable with the grantor for all unpaid
<br />amaemementa against the latter up to the time of the grantor conveyance, without prejudice to the
<br />T right to recover from the grantor the smo nts paid by the grantee therefor, provided,
<br />however. that upon payment of a reasonable fes and upon written request, any such prospective grants
<br />shall be entitled to a statmment from the Board of Administrators, or the Manager. in the form set
<br />forth In Section B of Article V, which shall be conclusive upon the Association in favor of all
<br />persons relying thhera xi in good faith. Unless such request for a statement of Indebtedness shall be
<br />complied with within fifteen (18) days of such request, then such grantee shall not be liable for, nor
<br />shall the condominiums suite conveyed be subject to a lien for any unpaid amene*asnts accruing prior
<br />to the data of such request.
<br />The provisions met forth in this Section shell not apply to the initial sales and conveyances
<br />of the condominium suites ssde by the Develepmr, and such sales steal l be free from *1l assea ww*o to
<br />the date of conveyance.
<br />>yaation a. �gSgsssset Lien.
<br />If any suits owner shalt fail or refuse to make any payment of an assessment Won due. the
<br />amount thereof shell Constitute a lion on the interest of the suits owner in his suits and the
<br />Administratore say -am such lien in the Office of the Rsgietar of Deeds of Ball County. Nebraska.
<br />whereupon, said lion shall be privileged over and prior to all liens and encumbrances except
<br />awpess_ a. liens and charges for taxes past due and unpaid on the suits and except prior duly
<br />recorded sortgage ands lion instruments. Assures is delinquent more than thirty (ao) days after the
<br />due date "II bear intoreest at the highest legal rats from the due date unti 1 paid. Tixm del irmponcy
<br />of one install -t or ar, annual aeseesment "mall cause all remaining instal lssnts. at tft option of
<br />the Association, to immediately become due and payable. The Board of Administrator* dwell have the
<br />right and duty to attempt to recover such common charges. together with intero*t thereon, and the
<br />expo name of the proceeding, including attorney fees. in an action to recover the ease brought against
<br />such suits owner. or by foreclosure of the lion on such suits granted by Section 76-817 of the
<br />Condominium Act. In any action brought by the bard of Administrators to foreclose a liar an a suite
<br />because of unpaid assessments, the suits owner shall be required to pay a reasonable rental for the
<br />uo Of his suit** and the plaintiff in such foreclosure action shall be entitled to ins appoint
<br />of a receiver to collect the sass. The bard of Administrators, acting on behalf of all suite ownere.
<br />*hall have power to purchase such suite at the foreclosure wale, and to acouire, hold, lease,
<br />mortgage, vote the votes appurtenant, to convey or otherwise deal with the saws. A suit to recover a
<br />money judgment for unpaid asse eemetta shall the maintainable without foreclosing or waivins the lion
<br />"Wring the same.
<br />ftlion 2. Statement of Unpaid Assessments.
<br />Upon the written request of any owner, prospective purchaser or of any mortgagee of a
<br />03ndosinium suite, the Board of Administrators, or the Managing Agent, shall issue a written statement
<br />setting forth the smint of the unpaid asseemonts. if any, with respect to the subject suits, the
<br />amount of the currant periodic assesssent and the date that much assessment became dues any penalties
<br />due, and credit for advance payments or for prepaid items. which statement shall be conclusive upon
<br />the Association in favor of allipormorns who rely therson in good faith.
<br />low on to. gma var.
<br />The mission or failure to timely fix any assessments or deliver or mail a statement for any
<br />period shall not be demand a waiver. modification or a release of the ownere from their obligation to
<br />ay the castes.
<br />ARTICLE VI. INSURANCE
<br />Tft board of Administrators shall obtain and maintain, to the extant obtainable. the following
<br />insurance: Firs insurance with extended coverage, vandalism and malicious eii schief endorssmantst
<br />f touring the entire co pin Inium building (but not including furniture. decoration, ornaments.
<br />{j furnishings or other personal property owned by the individual suite owners) together rit?t all service
<br />equipment contained therein in an amount equal to the full replacement value. without deduction for
<br />1 depreciation, and which small contain a standard non- contributory mortgage clause in favor of each
<br />mdrtfagoo of a condosiinim suits which shall provide that the lose. if any, hereunder shall be payable
<br />to such mortgages as its interest miry appear, subject. I'm, ver, to the loss payment provisions i+n
<br />favor CW the Board of Administrators hereinafter set forth in Section 1 of Article X; public liability
<br />i.1nourancs In such limi to as the Sward of Administratore may from time to ties determine. covering the
<br />ftmciation, each smsbsr of the !)acrd, t"o 44mging A29", a-g-a!eta shed employeam of the Association and
<br />each suite owner. and such additional coverage as the Board Adlministrators my from ties to ties
<br />determine is appropriate. Such public liability coverage shall also cover cross liability claim of
<br />one Insured against the other.
<br />Certificates of all policies of physical damage insurance and of all renewals thereof, together
<br />with proof of payment of premiums. shall be delivered to all mortgagees of suites at least ten (10)
<br />days prior to expiration of the then current policies. The cost of such policies shall be a common
<br />expm oo wA shall be allocated to each property regies as provided in these By -Laws.
<br />The Scam of Administrators shall determine. at least annually, the replacement value of the
<br />condominium buildings and, in so doingg way employ such experts as the bard may due necessary.
<br />Section 2. Provisions.
<br />All policies of physical damage Insurance Owl I contain waivers of subrogation and waivers of
<br />any defense based on co- insurance or of invalidity arising from any acts of the insured and shall
<br />provide that such policies may not be cancelled or substantially modified without at least ten (10)
<br />days' prior written notice to all of the insureds. including mortgages*.
<br />Section S. Insurrnm by Suite Owners.
<br />Suits owners shall not be prohibited from carrying other insurance for their own benefit
<br />provided that all such policies shall contain waivers of subrogation, provided, further, that no suits
<br />owner shall have the right to insure any of the camaon elements individually.
<br />Insurance coverage on furnishings and other items of personal or other property belonging to
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