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<br />Association, to immediately become due and payable. The Executive Board shall have the right
<br />and duty to attempt to recover such common charges, together with interest thereon, and the
<br />expenses of the proceeding, including attorney fees, in an action to recover the same brought
<br />against such unit owner, or by foreclosure of the lien on such unit granted by Section 76-874 of the
<br />Nebraska Condominium Act. In any action brought by the Executive Board to foreclose a lien on
<br />a unit because of unpaid assessments, the unit owner shall be required to pay a reasonable rental
<br />for the use of his unit, and the plaintiff in such foreclosure action shall be entitled to the
<br />appointment of a receiver to collect the same. The Executive Board, acting on behalf of all unit
<br />owners, shall have power to purchase such unit at the foreclosure sale, and to acquire, hold, lease.
<br />mortgage, vote the votes appurtenant, to convey or otherwise deal with the same. A suit to recover
<br />a money judgment for unpaid assessments shall be maintainable without foreclosing or waiving the
<br />lien securing the same.
<br />Section 8. Sttuemept of Unpaid Assessments,
<br />Upon the written request of any owner, prospective purchaser or of any mortgagee of a
<br />condominium unit, the Executive Board, or the Managing Agent, shall issue a written statement
<br />setting forth the amount of the unpaid assessments, if any, with respect to the subject unit, the
<br />amount of the current periodic assessment and the date that such assessment became due, any
<br />penalties due, and credit for advance payments or for prepaid items, which statement shall be
<br />conclusive upon the Association in favor of all persons who rely thereon in good faith.
<br />Section 9. Nonwaiver.
<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 from their obligation
<br />to pay the same.
<br />ARTICLE VI. INSURANCE
<br />Section 1. Coverage,
<br />The Executive Board shall obtain and maintain, to the extent obtainable:
<br />(a) Property insurance on the property (units) including the common elements
<br />and improvements on Outlots A, B, and C, insuring against all risks of direct
<br />physical loss commonly insured against. The total amount of insurance
<br />after application of any deductibles shall be not less than ninety percent
<br />(90%) of the actual cash value of the insured property at the time the
<br />insurance Is purchased and at each renewal date, exclusive of land,
<br />excavations, foundations, and other items normally excluded from property
<br />policies; and
<br />(b) Liability insurance, including medical payments insurance, in an amount
<br />determined by the Executive Board, but not less than $1,000,000.00,
<br />covering all occurrences commonly insured against for death, bodily injury,
<br />and property damage arising out of or in connection with the use, ownership
<br />or maintenance of the common elements. The Executive Board may
<br />determine that additional coverage may be necessary and may obtain such
<br />additional coverage if it deems it necessary.
<br />If the aforementioned insurance is not reasonably available, the Association promptly shall
<br />cause notice of that fact to be hand delivered or sent prepaid by United States mail to all unit
<br />owners.
<br />Section 2. Provisions,
<br />Insurance policies must provide that:
<br />(a) Each unit owner is an insured person under the policy with respect to liability
<br />arising out of his or her interest In the common elements or membership in
<br />the Association;
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