200010301 - Laserfiche WebLink

Browse

200010301 thereon and all rights, easements, and appurtenances belonging thereto submitted by this Declaration and all amendments and supplements hereto. The name of the Project shall be "Contractors Park Condominium ". (L) "Unit" or "Condominium Unit" is the physical portion of the Condominium designated for separate ownership as a fee simple interest together with all other appurtenant rights and burdens created by this Declaration. All utility lines, ducts, pipes, flues, conduits and other forms of extending or conducting services to or from the Units within the Project shall, in their entirety, be designated Common Elements, unless such conduit shall be for the exclusive use and benefit of a single Unit, in which case such conduit shall be included in the exclusive ownership of and allocated to the Unit so served. Conduit as used herein shall include any duct, flue or chase which conveys or conducts a utility service. "Unit ", as used herein, shall include all structural columns located within the boundaries of the Unit. 2. Division of Property Into Condominium Units. The Property, including the improvements, will be divided as fee simple estates into Units designated as 1734 Doreen St. and 1736 Doreen St. and described in Plats and Plans attached as Exhibit "B" and incorporated by this reference. Each such estate shall consist of a separately designated Unit and the undivided interest in and to the Common Elements appurtenant to such Unit as set forth herein. The undivided interests in the Common Elements shall be allocated among the Units in the Project based on Paragraph 10 (Allocated Interests) herein. 3. Period of Condominium Ownership. The separate condominium estates created by this Declaration and the attached Plats and Plans shall continue until this Declaration is terminated in the manner and as provided in Paragraph 24 (Termination) of this Declaration or until terminated, owing to damage, destruction, obsolescence, or condemnation. 4. Ownership - Title. A Condominium Unit may be held and owned by more than one person as joint tenants, or as tenants in common, or in any real property tenancy relationship recognized under the laws of the State of Nebraska. 5. Inseparability of a Condominium Unit. Each Unit and the undivided interest in the Common Elements appurtenant thereto shall be inseparable and may be conveyed, leased, or encumbered only as a Unit. -3-