200010301 - Laserfiche WebLink

Browse

200010301 19. Owner's Obligation for Payment of Assessments. All amounts assessed by the Association against each Condominium Unit, whether as a Common Expense, special, or penalty assessment, shall be the personal and individual debt of each Owner thereof at the time the assessment is made. Suit to recover a money judgment for unpaid assessments shall be maintainable without foreclosing or waiving the lien securing, the same. No Owner may exempt himself /herself from liability for the Owner's contribution toward the Common Expenses by a waiver of the use or enjoyment of any of the Common Elements or by abandonment of his /her Condominium Unit. 20. Resale of Unit: Liability for Common Expenses Upon Transfer of Condominium Unit. (A) Unless exempt by the Nebraska Uniform Condominium Act, a Unit Owner and any other person in the business of selling real estate who offers for resale a Unit to a purchaser after the initial sale of the Unit from the Declarant shall furnish to a purchaser before conveyance a copy of this Declaration other than the Plats and Plans, the Bylaws, the Rules or Regulations of the Association, and any other information required by purchaser. The Association, within ten (10) days after a request by Unit Owner, shall furnish in writing the information necessary to enable the Unit Owner to comply with the Nebraska Uniform Condominium Act (§ 76 -884). (B) Upon payment of a reasonable fee and upon the written request of any Owner, any purchaser or prospective purchaser, any Mortgagee, or any prospective Mortgagee, the Association shall issue the Information Certificate described in Subparagraph (A) hereof, with respect to such Condominium Unit, and if requested, the amount of the current monthly assessment and the date that such assessment becomes due, and any credits for advanced payments or for prepaid items, including, but not limited to, insurance premiums, which statement shall be conclusive upon the Association in favor of all persons who rely thereon in good faith. Unless such request for the Information Certificate shall be complied with within ten (10) days, all unpaid Common Expenses which become due prior to the date of making such request shall be subordinate to the interest of the Owner, purchaser or prospective purchaser requesting such Information Certificate, or to the lien of the Mortgagee or prospective Mortgagee requesting such Information Certificate. (C) The grantee of a Unit, including a Mortgagee with a superior lien as set out in Paragraph 18 (Lien for Nonpayment of Assessments) herein who comes into possession of a Condominium Unit pursuant to the remedies provided in its Mortgage or becomes an Owner of a Condominium Unit pursuant to foreclosure of its Mortgage or by the taking of a deed in lieu thereof, and any purchaser at a foreclosure sale, shall not be liable with the grantor for unpaid 5FAI