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1 90----10604? In the event that a plan of sole is adopted by the o'nsre and subsequently approved by the re first aortemie"e, as above set forth. or in the event that a plan of repair and reconstruction is adopted by the Moro but is not approved by the required number of first awhrtgtgess of record within sixty (00) days tram the adoption of the plan, then the Board of Administrators shall forthwith record a notice setting forth such tact or facts. and upon the recording of such notion with the Office of 1 the Register of Dssds of Nall qty. Nebraska► by the Association •• Prods nt and Secretary or Assistant secretary. the entire remaining premises shall be offered for sans and sold by the Association pursuant to the provisions of this Article, as attorney -in -fact for all of the awnusrs► free and clear of the pirovietons contained in the IMster Deed, the Articlse of Incorporation and thew By -Law. Thee insurance eettlemsnt proceeds shall be collected by the Association► and much proceeds shall be divided by the Association according to each owner's interest in the general common elements, and such divided proceeds sholIbm paid into separate accounts, each such accent representing one of the condominim suites. Each such account shall be in the name of the Association, and shall be further identified by the condoatnitma suite designation and the name of the owner. From each separate account, the Association► as attorney -in -fact. 0*11 forthwith ues and disburse the total amount of each of such accounts► witimA contribution from Ono apousnt to annother► toward the Partial j or full payment of the lion of any first mortgage against the condominium suits represented by such separate aacOUnt. Thereafter, each etch account shall be supplemanted by the apportioned amount of the prOOwds obtained from the sale of the "Mire property and any available funds of the Association. Such apportiawnt shall be baud upon each condominium suite owner's interest in the general oosmmn elemente. The total funds of each account shall be used and disbursed, without contribution from one aCbdunt to smpther. by the Association► as attorney -in -fact, as set forth in section s of Article X. Bastion B. In the event of a taking by condemnation or eminent domain of all or art of the common area. ! the award Dade shall be paid to the Board of Administrators. It owners of the suites in the i Condominium Property Reglew do not, within sixty (00) days from the dot" of the award, unanimously j approve the use of the proceeds from the award for use in rspsiring► expanding or restoring the common area, the Board of Administrators shall forthwith disburse the not proceeds of the award for the some purpose and in the mass order as is provided in Mien s of Article X. &"ion 7. Poor of Sale. In the event of sale of the entire Regime pursuant to section 5 of Article x, or upon adoption of such a plan upon termination of the Condominium Property Regime pursuant to section 1 of Article UP or athervime. the Association shall have all the powers set forth in Article x in Waling with a purchaser or purahasere as attorney -in -fact. - Section A. Application of Proceeds. Proceeds received as set forth in the preceding sections and as applicable to each suits shalt be used and disbursed by the Association as attorney -in -fact, in the following order: (a) For payment of taxes and special assessments, liens in favor of any assessing entity and the customary expense of sale; (b) For payment of the balance of the lion of any first mortgage; (o) For payment of unpaid assessments and all costsp expanaee and fees Incurred by the Association. (d) For payment of junior liens and a neimcbranoes in the order of ens to the extant of thsir priority; and (e) The balwne" remaining, if any, shall be aid to the condominium suits owner. >iection h W Abatement of Asaeasmenta. Aseesmmsnts for common expenses shall not be abated during the period of insurance adjustment and repair and reconstruction, remodeling or reconstruction, nor prior to sale of any suits for delinquent unpaid asssasmsnts. ARTICLE 91. T1EMINATION OR AMENDMENT i section 1.. *M(finat a 1 Except as Otherwisa provided. owners of all of the suites in any of the Condocinia -shall have 'the right to terminate this Condominium Prelpartr Regime subject to the condition* Of 8eetiiOn 70 -812 o? the Condominium Act, by unanimous action. i" wvor, before so acting they must give sixty (00) days PrIar -its_ = ft *sl M V the" Abe—_ of tt-- Aeemlatte : Bootless 2. Amendment by Merbera- There shat l be no amendment to theme .ay -Laws unless seventy-five percent(7511) or more of the members of the than Association shall have voted therefor in the affirmative at a special or annual meeting; provided. however, that percentage voting requirements contained in these By -Laws shall not be amended by a lssser percentage vats than that sought to be amewAW, and provided further that such amsndsen1 shall have the approval of eon then fifty percent (5011), in r, I r, of the first mortyagass of record in all of the Condominia upon the date of adoption of said amendment. �,jpn, a. Amendment by Davmlowr� Anything contained in these By -Laws or in the Naeter Deed or Articles of Incorporation to the L contrary notwithstmnding. until Docembsr 31. 1993, or until Developer releases control of the Association, whichever first occurs. Developer reserves the right to supplement or averd these By-Laws for clarification, correction or otherwise in the best interests of all suits owners, including Developer; provided that any such supplement or amendment shall be approved by wore than fifty percent (0011), in number of all existing first mortgage holders of record, in writing. , , f� I i. i