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<br /> 'L '' the Develaper, and suah saloa eh�ll be freo from all assaaamants to ..,,.:,.:__ �
<br /> � �� �;:-,.:•:�-__�—
<br /> . the dete o! aonvoyanaa. `:�•ti;,°-=—
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<br /> Rar�t�nn A A�ssessm nt Lien,_ I� any suite owner ehall fail or •--�:,���t^'���-
<br /> ; rafuse to m��►)ce any payment ot an aasessment when due j the amount �%
<br /> � thereof shall aon�titute a lien on the interest af the auite owner � =. ::�����;;"'�";'-
<br /> in his suite and the Administrators may reaosd suah lien in the ' �
<br /> OgPiae of the Register of Daeds oP Hali County, Nebraskai
<br /> j whereupon, said lien ahall be privileged over and prior to all `
<br /> , liens and encumbranase except asesasmente, liens and aharge for �
<br /> taxes past dua and unpaid on the suite and except prior duly �
<br /> �� reaorded mortgage and lien instruments. Aasesgmenta delinquent ,
<br /> t, mare than 30 days after the due date ahall bear intereet at the
<br /> ; •.. highest leqal rate frota the due date until paid. The delinquency
<br /> � '�'�' of one inetallment of an annual assessment shall cause all
<br /> � �������``��''.� remaining installments, at the option of the Association, to _
<br /> ;, . ;-•,,;,��� � •
<br /> ���� � �':;��;. immediately become due and payable. The Board of P.dministrators •-�
<br /> � '�'�'F � � �`�'��� �' shall have the riqht and duty to attempt to recover such cot�amon . "'�`���;
<br /> `�.� ' cfi�aa�ges, toqe�ther with interest tXaereon, and the expensea of th� ' , � '
<br /> � proceeding, in��ueiing attorneY f�ees, in an action to recover th� i � ',��
<br /> same brought agaia�st sucts suite owner, or by foreclosure of the • .�_:�_
<br /> � lien on suah suite granted by the Nebraska Condominium ACt. in any ��;.
<br /> � � aation brought by the Board oP Adnainistrators to foreclose a lien ��
<br /> ,.
<br /> i , on a suite beaau�e flf unpaid aesessmente, the suite owmer shall be d
<br /> � required to pay a raaconable rental for the uae of Da�s suite, and ��
<br /> � ' the plaintiff ia auah forealosure aation shall be entitled to the
<br /> . k� . � � appointment of a receiver to ��of all suite ownerah ahall have �.
<br /> ��; r � AdminiBtrato�a, acting on behalf .�
<br /> , � ���, ��� power to purc�hase such �ufts at thR foreclo9ttY'e sale, and to .r
<br /> i acyuire, hold, lease, mortgage, vote �he vote� appurtenant, to ,
<br /> I , � , convey or otherwise deal with the mame. A euit to reaover a money
<br /> judgment for unpaid assessments shall be maintainable without
<br /> Poreclosing or waivinq the lien securinq the same. , :,',
<br /> ��ctio�� Statem�nt of Unraaid Assessments. Upon the writte� ,
<br /> request of any owner, proapoctive purchaser of a�y mortgagee of a
<br /> condominium suites, the Board of Administrators, or the Managing ,.;
<br /> Agent, shall issue a written statement setting forth the amount oP ;i
<br /> the unpaid assesaments, if any, with respect to the subject suite,
<br /> the amount of the current perior�ic assessment and the data that
<br /> ' such assessment became due, any penalties due, and credit for
<br /> � advance payments or Por prepaid items, which statement shall be
<br /> conclusive upon the Assocaation in favor of all persons who rely �
<br /> thereon in good faith.
<br /> ���*ion 10 Nonwa�ver. The omission or failure to timely fix
<br /> ` any agsessments or deliver or mail a statement for any period shal7.
<br /> not be d�emed a waiver, modification or a release of the owners
<br /> from their obligatio� to pay the same.
<br /> ARTICLE VT. �NSURANCE
<br /> Sect;on 1 Cov�rar�e. The Board of Adm3nistratars shall �
<br /> obtain and maintain, to the extent obtainable, the �ollowing �
<br /> insurance: Fire 3nsurance with sxtended coverage, vandalism and
<br /> � �aalicious mischie� endorsements, insuring the er�xire condominium
<br /> � building (but not including furniture, decoration, ornaments,
<br /> fuxnis���gs or other pea�sonal property owned by the individual
<br /> s�aite ow�ers) together k•ith all service ecquipment contained therein
<br /> .� n.cn an amount equal to tQne full replacement value, without deduction
<br /> } for depreciation, and which shall contain a standard noa�-
<br /> contributory mortgage clause in favor of eac� mortgagee of a
<br /> �..__ :.:�� g}��7 1 nrnv{de th3t thQ lOSS, i f any,
<br /> condomii,iu,u o::�..o '�•-- �
<br /> hereunder shall be payable to such mortgagee as its interest may
<br /> appear, aubject, however, to the loss payment p�ovi�ions in favor
<br /> of the Board of Administrators hereinafter set forth in Section i
<br /> vi ni t�C1C ::; r'�!'1;� 'f=�';' ;±:' i na�irance i n such 1 imits as the
<br /> Board of Administrators may from time to time determine, covering
<br /> the Assoaiation, each member of the Hoard� the Managing Aqent,
<br /> ,� �
<br /> aqents and employee� of the Association and each suite owner; and _
<br /> �
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