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202505976 toward the partial or full payment of the lien of any first mortgage against the condominium suite or garage represented by such separate account. Thereafter, each such account shall be supplemented by the apportioned amount of the proceeds obtained from the sale of the entire property and any available funds of the Association. Such apportionment shall be based upon each condominium suite or garage owner's interest in the general common elements. The total funds of each account shall be used and disbursed, without contribution from one account to another, by the Association, as attorney -in -fact, as set forth in Section 12 of Article X. Section 6. Obsolescence of Buildings. Upon request of the Board of Administrators or upon receipt of a written request signed by owners holding a majority of the total basic value of Windsor Square Condominium , the Secretary shall, pursuant to the provisions of Article II, issue notice of a special member's meeting to consider the question of obsolescence of the condominium buildings. At such meeting, owners holding eighty percent (80%) or more of the suites of Windsor Square Condominium , voting in person or by proxy, may agree that the condominium buildings are obsolete. In the event that the owners agree that the buildings are obsolete, the Secretary shall forthwith issue notice of a special meeting of the members to be held sixty (60) days from the date of the member's meeting at which the owners agreed upon the obsolescence of the buildings. During this sixty (60) day period, the Board shall make such studies, with the aid of such experts as deemed advisable by the Board, as are necessary to present estimates as to the costs of remodeling or reconstructing the buildings, the amount of reserves therefor accrued by the Association to date and the amount, if any, of special assessments necessary to cover any deficiency between available reverses and remodeling or reconstruction expense, the projected sale price of the property as is, and the projected distribution of all funds, including reserves and other funds of the Association, should the owners choose sale rather than remodeling or reconstruction. At the subsequent special meeting of the members, the Board shall present these estimates to the owners and the owners holding a majority of suites in Windsor Square Condominium shall adopt either a plan of remodeling or reconstruction, pursuant to Section 7, or a plan of sale pursuant to Section 8 of Article X. Any plan so adopted must subsequently be approved in writing by more than fifty percent (50%), in number, of the first mortgagees, of record as . the date of adoption of the plan. No such plan shall go into effect until such approval of first mortgagees is obtained. Section 7. Plan of Remodeling or Reconstruction - Obsolescence. In the event that a plan of remodeling or reconstruction is adopted by the owners and subsequently approved by the first mortgagees as above set forth, the Board of Administrators shall forthwith proceed to remodel or reconstruct the improvements, applying reserves as set forth for insurance proceeds in Section 2 of Article X, with the same rights as to special assessments as set forth therein. Section 8. Plan of Sale - Obsolescence. 19