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y "• el. �.n 90 10C96? In the event that a plan of sale is adopted by the amen and eWeequontly approved by the first mortgagees, an above set forth, or in the event that a plan of repair and reconstruction is adopted by the owners but is not approved by the required number of first wortgayses of record within sixty (80) days from the adoption of the plan, then the bard of Administrators shall forthwith lvlm a notice matting forth such fact or facts, and upon the recording of such notice with the Office of the Register of Seeds of Hall County, Nebraska, by the Association's Prseioleht and Secretary or Assistant Secretary, the entire remaining promises shall be offered for sale and sold by the Association pursuant to the provisions of this Article. as attorney-in -fact for all of the owners, free and clear of the provisions contained in the Hater Ned. the Articles of Incorporation and theme By-Laws. The insurance settlement proceeds shall be collected by the Association. and such proceeds shall be divided by the Association according to each owner's interest in the general common slesents, and such divided pra»da Wall be paid into separate accounts, each much account representing are of the condominium suites. Each much account shall be in the name of the Association, and shall be further identified by the 001113001i01ium suits dermination and the name of the owner. From each separate account, the Assao/atian, am attorney -in -fact. shall forthwith use and disburse the total amount of each Of much accounts. without contribution from one account to another, toward the partial or full payment Of the lien of any first mortgage against the ca dominium suits represented by much separate account. Thereaf ter. each such account shall be supplemented by the apportioned amount of the proceeds obtained from the sale of the entire property and any available funds of the Association. such apportionment anal t be based upon each condominium suite owmr's interest in the general common elements. The total fund. of each account shall be used and disbursed. without contribution from am mmornt to another. by the Association. as attorney -in -fact. es set forth in Section s Of Article X. In the event of a taking by condemnation or eminent domain of all or part of the common arum. :he award made shall be paid to the Board of Administrators. 11? owners of the suites in the :ondminium Property ;Wgime do rot, within sixty (60) days from the date of the award, unanimously approve the use of tt�r croceeds from the award for use in repairing, expanding or restoring the common area. the bard of Aninnistrators shat 1 forthwith dlsburav the net proceeds of the award for the sum rurpose and in the same order as is provided in section a of Article X. In the event of male of the entire Regime pursuant to Section 3 of Article X. or upon adoption if such a plan upon termination of the Condominium Property Raging pursuant to Section 1 of Article d2, or otherwise. the Asgrwtiat.-Lon shall have all the powers met forth in Article X in dealing with a nurddeeer or purchasers as attorney -in -fact. 3a pion a Analication Of ProcesW P•oceeds received as set forth in the preceding Sections and as applicable to each suite shall De usea Ara disbursed by the Association as attarnoy -in -fact, in the following order: (a) For payment of taxes and special assessments, liana in favor of any assessing entity and the customary expense of sale. (b) For payment of the balance of the lien Of any first mortgage: ;t) For payment of unpaid assessments and all costs, expenses and foes incurred by the Association: (d) For payment of junior liens and eneusbranees in the oroo- of and to the extent of their priority: w„d (e) The h,.lance remaining, if any, shall to paid to the condominium suite owner. Section 9. No MatemeIIt Qf As" aSMnts, Assessments for common expenses Shall not be abated during the period of insurance a0ustment and repair and reconstruction, remodeling or reconstruction, nor prior to sale of any suits for delinquent unpaid assessments. ARTICLE X1. TIRMIiIATION OR AMENDMENT Q�,ti$1.1. Terelnati.QRa Except as otherwise provided, owners of all of the suites in any of trey Condominia shall have the right to terminate this Corndominium Property Regime. Subject to the conditions of Section 76 -812 of the Condominium Act, by uraniaoue action. However, t :'ore 90 acting they must give sixty (60) days prior written consent to all of the then monbers of the Association. ',}.Rion 2._- .9ise ^Qm!eDt_.tzz_HlAbera. There shall be no amendment to thaje By-Laws urtess sevonty -five per!:snt/75S) or more of the members of the then Association sra11 have voted tnerovnr in the affirmative at a special or Anna" meeting; provided, however. that rercentage voting renu ;rovents contained in these By -Laws shall not be amended by a lesser perr-en *.age vote than :hat nougnt to be amended, and provided further that sucr` amendment %ha11 have the approval of more -thR^ fifty percent (50 %:. •r number, of the first mortgagees of record in all of the Condominia upor tree date of adoption of oa,c amendment. '•1 g&:LQn_.,la Amendment by re%Rq ctq� Anything contained ,r thealt 8V-LSw% .Ir in the +taster Deed or Articles of Incorporation to the contrary notwithstanding, anti; r7ece>*re^ 31, 1993. c• until Developer releases control of the Association. whrrhever first occurs. :level -::er reserves the right to supplement or amend the*@ By -Laws for clarification, correction or otherwrse in the best interests of all suite owners, including Developer; provided that any such supplement o• amendment shall be approved by more than fifty percent (SO%), in number of all existing first mortgage holders of record, in wr4ting.