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200307657
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200307657
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Last modified
10/16/2011 12:51:25 AM
Creation date
10/21/2005 6:22:00 PM
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DEEDS
Inst Number
200307657
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20030765'7 <br />(b) Declarant reserves, without assent of owners of units, the right to <br />establish easements, reservations, exceptions and exclusions <br />consistent with the condominium ownership and for the best <br />interests of all the owners in the condominium, and to supplement <br />or amend this Master Deed and Declaration, or as amended, or the <br />attached By -Laws or as amended, until Declarant releases control <br />of the Association as set forth in (a) of this Article. <br />(c) Declarant further reserves the right to add to the condominium <br />additional real estate of one or more lots, being Lots One (1) <br />through Seven (7) and Lots Nine (9) through Twenty -one (21), <br />inclusive, Westwood Park Seventh Subdivision to the City of <br />Grand Island, Hall County, Nebraska, and reserves the right to add <br />up to forty (40) more units to the condominium. In the event that <br />Declarant exercises this right, the reallocation of common <br />elements and expenses shall be accomplished by using the formula <br />set forth in Article VII herein. <br />(d) Declarant reserves the right to use any units owned by them as <br />models. Until completion of sales by Declarant of all anticipated <br />units in the condominium, the reservation of rights in this <br />paragraph shall be applicable to any real estate or units added to <br />the condominium. <br />(e) The initial land submitted to the condominium is owned by <br />Kenneth Shuda, a single person. Others acting in concert, as a <br />part of a common promotional plan, include Rudolf F. Plate and <br />Jeannice R. Plate, husband and wife; and Tim C. Plate, a single <br />person, and any successors and assigns to Declarant and their <br />rights, and they may submit the other land and units described <br />herein to the condominium form of ownership. <br />ARTICLE VII. ALLOCATED INTEREST <br />The allocated interest in reference to the undivided interest in the common <br />elements and common expenses of the Association have been established upon a <br />formula utilizing the square footage of each unit (exclusive of basements) divided by <br />the total square footage of all units (exclusive of square footage of basements). If <br />additional units are added to the condominium, the same formula as herein set forth <br />shall govern the allocated interests after an addition in reference to the undivided <br />interests in the common elements and common expenses of the Association. Each <br />unit is entitled to one (1) vote per unit and this formula shall also govern in the event <br />that additional units are added to this condominium. The allocated interests are as <br />follows: <br />Square Foot Area Percentage of Expense in and <br />(Excluding Basement) Rights in Common Elements Votes <br />Unit 15 2,174.25 53.8 1 <br />Unit 16 1,863.88 46.2 1 <br />ARTICLE VIII. COVENANTS, CONDITIONS, AND RESTRICTIONS <br />The following covenants, conditions, and restrictions relating to this <br />condominium shall run with the land and shall be binding upon all grantees, devisees, <br />3 <br />
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