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<br />fofeblen thereon. 90-10 68 6 ?
<br />The grantee of a suite shall be jointly and severally liable with the grantor for all unpaid
<br />Asmeeements against the latter up to the time of the grantor conveYanu. without Prejudice to the
<br />grantee's right to recover from the grantor the amounts paid by the grantors therefor Prog' ,
<br />however, that upon payment of a reasonable fes and upon written request. any much prospective
<br />Shall be entitled to a statement from the Board of Administrators. or tine Winegar, it the form eat
<br />forth in section g of Article V. which shall be conclusive upon the Association in favor of all
<br />persons relying thereon in good faith. unless such request for a statement of indebtedness owl I be
<br />complied um suite conveyedebe subject to a lien formeyraunpaid maassessntslaccruingrprior
<br />to the data of shies request.
<br />The provisions set Forth in this section shall not Apply to the initial $also and conveyances
<br />of the condominius suits made by the Developer, and such 00108 shall be free from all assessments to
<br />the date of conveYnnce-
<br />section s Aassesment Lien.
<br />If any suite owner shall fail or refuse to make any PAYmsnt of an assessment when due, the
<br />amount thereof shall constitute a lien on the interest of the sits owner in his suits and the
<br />Administrators say record such lien in the Office of the Register of Deeds of Nall County. Nebraska;
<br />whereupon, Said lien shall be privileged over and prior to all liens and mncumbrancss except
<br />asassments, lions and charges for taxes past due and unpaid on the suits and swcdpt Prior duly
<br />recorded mortgage and lien instruments. Assessments delinquent More than thirty 130) days after the
<br />due date shall beer interest at the highest legal rate from the due data until paid. The delinquency
<br />or one installment of an annual assessment shall Cause all remaining installments, at the option of
<br />the Association. to ismediately become due and payable. The Board of Administrators shalt have the
<br />right and duty to attempt to recover such common charges, together with interest thereon. and the
<br />expenses of the proceeding. including attorna� fees. in an action to recover the seem brought against
<br />such suite owner, or by foreclosure of %lie lien on such suits granted by Section 75 -017 of the
<br />Condominium Act. gn any action brought by the Board of Administrators to foreclose a Lien on A suits
<br />because of unpaid assessmerts, the suite owner shall be required to pay a reasonable rental for the
<br />use of his suite, and the pinintiff in such foreclosure action shall be entitled to the appointment
<br />of a Shall haveepower to purchase such suits at the foreclosure sale. and to Acquire, hold, owners.
<br />ease. vat* the votes appurtenant, to
<br />af-,t,yayudlglaant for unpaid ASiS!' 9sserts she convoy
<br />l v00 maintainable w thout t oreelo� g orawaivingrthe lion
<br />securing the "Am.
<br />off
<br />A"WW the
<br />upon the written request of any owner, prospective purchaser or of any mortgages of A
<br />condominium suits. the Board of AdisinistrAtors. or the Managing Agent, shall issue A written statement
<br />setting forth the &Mount of the unpaid assessments, if any. with respect to the subject suits. the
<br />amount of the current periodic assessment and the date that such Assessment became due, 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 all persons who rely thereon in good faith.
<br />ggrlism-1Q. Ngnte ilverl
<br />The omission or failure to timely fix any assessments or deliver or mail a statement for any
<br />period shall not be deemed a waiver, modification or A release of the owners fros their obligation to
<br />pay the same.
<br />ARTICLE VI. INSURANCE
<br />WA i OI 1 � . _QgifilCs9e t
<br />The Board of Ad"inistrators shall obtain and maintain, to the extent obtainable, the following
<br />insurance: Fire insurance with extended coverage, vandalism anU malicious mischief endorsements,
<br />insuring the entirH Condomirium building (but not including furniture. decoration, ornaments,
<br />furnishings or otter personal property awned by this individual suite owners) togs-cner wit" ell service
<br />equipment conto,ne: therein in an amount equal to the full rer'lacemsnt value, without deduction for
<br />depreciation, an.: which shall contain a standard non - contributory mortgage clause in favor of each
<br />mortgagee of A ccndominium *vita which shall provide that the 1098, if any, hereunder shall be payable
<br />tc auGr Mortgage* as its interest may appear, subject. however, to the loss payment provisions in
<br />favor Oa the Board of Adminiutrators hereinafter met fv ^tt in Section 1 of Article X: public liability
<br />insurer-CO in -such limits fore the Board of AdministrAto-:, hey from time to time determine, covering the
<br />Association. ear-r member of the Board. the flanging Agent, agents and employees of the Association and
<br />each suite owns: and such additional coverage an the Board Administrators may from tins to time
<br />determine is appropriate. 9urh public ',aoility coverage shall also cover cross liability claims of
<br />ors Insured against the other.
<br />Certificates Of al l X01,: +ea of rhysiCal da•raae insurance and of all re^ewA1s thereof, togethe•
<br />with proof of taument of vren•t,m0, *hall be delivered to all mortgagees Oi' 90 tee At least ten 0t)
<br />days prior tc e„; ,rat'or p4 the then .'.."'•fist policies. Thp +*Oat J# such oc'ities shall to a commor
<br />expense anti -Jr& � Co al)bcnt•ac to eacr ,,,orerty regime As prruI ddC I,, tMGS By- laws.
<br />The Soarri of Aar•of -ators shall deterr• ^e at least •1 ^ ^'.,a'lv, tt'e "at laeement value of the
<br />condominium buildinge ard. •r so doing, may employ norCt eAperts as tee BC41 -C mAy doom necessary.
<br />section 2. Provisions.
<br />All colic tee of physical .1amage insuriir!,f .PAI1 (on-a,••, "••Drry of 9at•tt•9&t 4Or •1"T +,aivars of
<br />any defense based on cc- insurance or n8 +'•••A d.tv &rininr, Prom Anv V-*ts V. the 1'^s., ^4ic And shall
<br />provide that such policies may not be can :e, led ,Ir -Substantially a `•out. �! rAet ten (10)
<br />days' prior written notice to all of the n3ureQ? including mortgageem
<br />Seption 3. Insurance by Suite Uwno `t.
<br />suits owners shall not as Or,lh,oited from .-arrvinq uthet insurance for own benefit
<br />prov,0ed that all 1u,h rol+,iet. •3halI :ontsin wa,ver9 Of 9l:brogAtion, nrov +,]1d, further, that no suite
<br />owner shell have the right to insure any (if the cOnmdn elements +rdividually.
<br />Insurance, coverage on furnishings and other ,toms of personal or other property belonging to
<br />Lc,
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