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20001.030. <br />11.3 Conveyances and Encumbrances. <br />(a) Portions of the Common Elements may be conveyed or subjected to a <br />security interest by the Association if Owners unanimously agree to that action; but all <br />the Owners of Units to which any Limited Common Element is allocated must agree in <br />order to convey that Limited Common Element or to subject it to a security interest. <br />(b) An agreement to convey Common Elements or subject them to a security <br />interest must be evidenced by the execution of an agreement, or ratifications thereof, in <br />the same manner as a deed, by the requisite number of Unit Owners. The agreement <br />must specify a date after which the agreement will be void unless recorded before that <br />date. The agreement and all ratifications thereof must be recorded in every county in <br />which a portion of the Condominium is situated, and is effective only upon recordation. <br />(c) The Association, on behalf of the Unit Owners, may contract to convey <br />Common Elements, or subject them to a security interest, but the contract is not <br />enforceable against the Association until approved pursuant to subsections (a) and (b) of <br />this paragraph. Thereafter, the Association has all powers necessary and appropriate to <br />effect the conveyance or encumbrance, including the power to execute deeds or other <br />instruments. <br />(d) Any purported conveyance, encumbrance, judicial sale or other voluntary <br />transfer of Common Elements, unless made pursuant to this section, is void. <br />(e) A conveyance or encumbrance of Common Elements pursuant to this <br />paragraph does not deprive any Unit of its rights of access and support. <br />(f) A conveyance or encumbrance of Common Elements pursuant to this <br />paragraph does not affect the priority or validity of preexisting encumbrances. <br />11.4 Inspection of Records. Any Owner, or his /her authorized agent, including a <br />Mortgagee may inspect the records of receipts and expenditures of the Association pursuant to <br />Neb. Rev. Stat. § 76 -876 (Reissue 1990), as amended, at convenient weekday business hours. <br />Upon ten (10) days' written notice to the Board or Managing Agent, if any, and upon payment of <br />a reasonable fee, not to exceed Fifty Dollars ($50.00), any Owner shall be furnished an <br />Information Certificate, or an estoppel certificate. <br />The foregoing were adopted as the Bylaws of South Doreen Condominium Association, <br />a co rporation u er the laws of the State of Nebraska, at the first meeting of the Board on <br />N / 7 , 2000. <br />-13- <br />